government to cut off nvidia chips from the china market is that a big risk >> hey, arjun.e talked about this before. w when we look at what apple did, there's clearly macro issues in china. clamping down on regulations is something. toward the end of the year, you're going to have them coming out. it definitely is a risk, you know, over time, but i think that so far nvidia has noun, has been working around the china issue in kind of a reasonable way. so, you know, i don't think like you're going to see a whole or air pocket in the china issues right now. it's something that could come up with an issue, i think, later in the year, but i think this quarter you're going to see the beat the people want in the current order. the guide is the question. what is the magnitude of that guidance, and if it's below 25 billion, that's where we expect there will be a consolidation of the stock. if they're able to guide at 26, 27 billion, yeah, you could see the stock going back to the mid- to high 700, you know, by the peak next week. >> and you talk about nvidia's moat for cpus. is nvi

arjun kharpal has latest from barcelona coming up. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon. i think he's having a midlife crisis i'm not. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. >>> welcome back. the world's largest event for the telecom industry kicking off in

we have arjun with us as well. thank you. >>> a lot of green on the heat map behind me. bit of a change in sentiment from yesterday this is on back of the better session for wall street yesterday. we spoke about those tech earnings and meta is the one to watch today. it is trading 16% higher in after hours. amazon trading 6% higher very strong ruesults for those two as we set the tone the stoxx 600 is up .60% sitting close to the two-year highs. compare to the u.s. where the dow has once more made a fresh record high wiping out losses from the prior day as you remember the deep dip that we got after the fmoc meeting on wednesday. it has been reversed now as for the individual boards, this is the breakdown. every major is trading in the green up .50% across the board dax up .60%. we see a good bounce in retail today. autos are also putting in a good session. both with the german carmakers and french carmakers this morning at the top of the cac 40 ftse 100 is up .60% in trading as well. of course, we continue to keep a close eye on how the market is reacting to that bank o

we have arjun kharpal joining us from london with more on these big tech results arjun, good morning.> reporter: good morning, frank. let's start with amazon and meta the quarter showed cost cutting drives working meta was a company showing it was growing up and issuing the first ever dividend with the $50 billion share buyback. it will boost revenue and bringing down expenses and bringing down the margin all of this while mark zuckerberg said the company will keep things lean signaling costs will continue. this is enough for the market to forgive $4.6 billion loss in the reality labs division and why the shares surged after hours. amazon posted $1.03 for the quarter. the cloud unit with $24.2 billion in revenue and ex accelerated growth rate. the ad business continued to jump apple was unfortunate. revenue up 6% faster than the market thought the services unit jumped around 11% although slowing down from the quarter before it was the near 13% fall from china revenue. apple faces intense competition from huawei. ipad sales plunged as well apple expects the march quarter iphone sales t

arjun, thank you for that.or more on softbank results, check out arjun's latest story on cnbc.com. you can read all of the details in the article. > >>> uber posted a $1.11 billion on the back of strong bookings and deliveries and growth in the advertising business. the ride hailing company crushed expectations at 66 cents against the forecast of 17 cents. uber is finally profitable. the ceo stated he expects the company to grow. >> we are profitable. we had a record profitable year. the mobility business has higher margins than delivery, but we are confident those margins will ex expand. >>> we had european ipos yesterday with renk making the debut in germany and the international airport in greece listing. renk ended 31% above the issued price after postponing the ipo debut in october. it has now ipo'd and done well. and the biggest ipo to come out of greece since the financial crisis raised 8800 million euro. annette spoke to the ceo and she was optimistic in the market. >> we have a growth path in front of

when they say arjun, i see you. i'm not an elbow, this is naturally psychological at all . i'm milli mohammad. that's how we were until there was a change in our team. it's natural that when there's a change. it seems that the work will change a bit if the technical staff does not touch his composition, it is true that mr. tarimi worked hard for our national team , but do you believe that tarimi should not have played from the beginning , in my opinion, there is no doubt about it , we should have, for example, left the second half of their defense team. let's give it a good shock. it can pass their defense easily. their defenses are tired. my personal opinion is that maybe it will slow. yes, thank you very much. mr. din mohammadi, with one piece, your entire organization, all of our defense structure and all of our football, will really destroy us tonight. in fact, we can say that. that akram afif these kids we had towards football in our internal team, maybe you can answer a few questions in a few words. how much skinning is needed ? our national team now has a lot of time

of that, that much revenue risk, that's creating a lot of o concern for investors. >> we've got the arjun kharpal word of the day. it's "risk." thank you. >>> we have the ai-led rally, but the fanfare is appears to shrink a little bit. hedge funds scale back their exposure to stocks within that group with the exception of amazon in the fourth quarter they note sips of extremes in the market let's bring in gene goldman. the risk when it comes to the nvidia report, how are you viewing this do you see the big risk others are seeing and definitely yesterday we saw profit-taking when it comes to nvidia and other big tech names? >> yes, we see a risk. we expect an emergence from the divergence the divergence is basically growth last year of the magnificent 7 has had drive. we continue to believe that. you've got to own other things, not just the magnificent 7 there's a lot of risks based into these stocks. you know, everyone focuses on the fact that inflation was higher in january, but we think it's more of a profit-taking. >> gene, talk me through this. you're telling people to buy values i wa

. >>> let's stick with the top stories with nvidia and arjun kharpal. your story on cnbc.com just crossed. >> that is right, frank. nvidia managed to knock the bull out of the park this morning the first is a beat on earnings. the second was guidance that was ahead of consensus nvidia delivered on both fronts. fiscal fourth quarter came in at $22.1 billion. that was a 265% year on year jump net profit surged 769% against last year. the a.i. fueled boom in nvidia is not slowing down. the company guided for $24 billion of sales in the current quarter. more than the wall street expected nvidia sees the surge in demand for microsoft and meta and training the artificial intelligence models. the earnings were good overall, but a slight blemish with the comment on china with the data center revenue decreased significantly with the export restrictions that was not enough to overshadow from the strong showing from nvidia. a number of broker updates to the surge we see this morning. >> you mentioned nvidia shares up 15% right now i want to ask that microsoft and

arjun kharpal joins me now from london. so much enthusiasm for coinbase and crypto, arjun. >> that is right, contessa. 2023 was a big year for crypto. we saw a rally with coinbase reaping the rewards. turning the first profit in two years in the fourth quarter. eps of $1.04. smashing through expectations. the transaction revenue on the platform was up t83% in the fourth quarter. this is due to the sharp increase by the excitement over the spot bitcoin etfs approved in the u.s. earlier this year. on the etf front, there were concerns that approval of the etfs might take transactions away from coinbase if investors could own bitcoin without the underlining asset. coinbase dismissing concerns saying it is a custodian of 8 of 11 bitcoin etf issuers. that boosted the coinbase subscription and service ref new. one concern is the crypto markets, the transaction revenue for coinbase was down 35% over 2022. that is a reflection on the retail trader which has not stepped back into the market after the damaging 2022 with the collapse

arjun kharpal suffolk one of the ceos earlier and joins us now.r arjun, good to see you. >> reporter: i've braved the crowds here. really it's about ai on devices. now, just to unpack, that typically we've had ai on the phones. often it's coming from the cloud. you're using some ai feature, download it on your device now. they talk about it being on devices. fast and secure. how it's going to be powered, chips, of course, one of the big players behind me, qualcomm. i had a chance to catch up with cristiano amon, the ceo of qualcomm to talk about the de device. take a listen. >> we're on the cusp of an ai revolution. that's what we're betting. you're starting to see some very compelling use cases. >> qualcomm is betting that in the future our devices, whether it's a phone or something else, will effective will i be a personal assistant to us. i was in the qualcomm booth just moments ago. i saw a very cool demo that was about the size of a cookie and had an ai chip in it. you could ask it questions. it could take video and all sorts of stuff. that's

arjun is here. you have been poring over the numbers.lt to find the fly in the ointment. >> a slight blemish on the numbers. that's china the company saying that data center revenue where investors are looking closely. this is where the chips are being sold with that business there. the data center revenue declined due to the export restrictions in china nvidia saying this accounts for a mid-single digit percentage of the data center revenue. they expect another decline this quarter as well. what they have done is created new chips that effectively comply with the u.s. export restrictions that came into effect in october. they are trialing these with the customers in china potentially later on this year is when they will see the numbers. that was an early blemish. that was the market overlooked with the hugely surge in profit you mentioned with the surge in revenue and the data key is guidance well ahead of consensus. that is signaling the a.i.-fueled chip boom is set to continue for the next quarter. >> what about 2025 what we're seeing

arjun kharpal joins us well. why don't we do a compare and contrast. >> just a comparison in terms of nintendo expecting to sell about 15.5 units of the switch in this fiscal year, which ends in march, you're looking at 21 million. that's down from the 25 million forecast they had before. switch is a lot older console. it's a seven-year-old console. the ps5 is just over three years old. what you're seeing here is when playstation came out at the end of 2020, there was a huge demand, but they couldn't keep up with the supply due to supply chain issues around the pandemic. that's sort of normalized. you're seeing a reflection of that. this is still a strong quarter. it's a revenue quarter. it sold 8.2 million play stations in that quarter alone. but clearly sony's own goals were pretty lofty. you're seeing a slight reality collect here for the rest of the fiscal year. the key for sony now is they're at this odd stage of the console side. if we're talking near seven years for nintendo, sony's almost at that middle s

cnbc technology correspondent arjun kharpal with much more on the story. good morning. >> good morning. snap reporting earnings for the december quarter of 8 cents, beating market expectations. it was the company stock plunging after hours, however, on the company's first quarter sales guidance, which at the mid point was around $1.1 billion, lower than wall street expected. snap attributed some of the weakness to the israel/hamas war. snap's revenue grew just 5% in the quarter. that was also much smaller than meta, for example, which saw a 24% year on year rise in its ad business it's highlighting how the bigger players like alphabet, like meta are drawing in the ad dollars in as the recovery and the ad industry begin to take hold. as it searches for new revenues, snapchat plunged they disclosed figures for the first time in 2023 they had an annualized run rate with 7 million subscribers the bigger question here, i think, about whether snapchat has lost its cool as it faces rising competition from tiktok the products aren't the same, but they certainly ta

arjun: that is history.through the markets that have done exceptionally well over the last 20 years, private equity has earned about 400 basis points of premium. sonali: relations on inking the general atlantic deal. coming up we will talk to the aries management ceo who joins me in an exclusive interview, his first of the year, as aries stock reaches a record high. that is up next. ♪ as the head of hr, i help lead a successful home security firm. our teams work hard to secure our customers' most valuable assets. and while they do that, i work hard to secure ours... ...our people. that's why we chose principal to provide the benefits and retirement plan that show our people just how much we appreciate them. benefits help us keep top talent. —hey mom. benefits help us grow. because we know how important security is to all. ♪♪ sonali: this is "bloomberg markets." it is time for the wall street beat. aries management is out with its latest results, shares rising as the company reported assets under management g

arjun joins me on set. big jump for coinbase.hat is that to do with the resurgence in bitcoin and the fact the value has gone up and the market cap back to $1 trillion again. >> the investors are celebrating the company has turned a profit for the first time in two years. that is down to the cost cutting measures last year with the reduction of head count and layoffs last year and making the business more efficient. the second part is the crypto market last year with bitcoin up 150% last year. some of that brought traders back to the market with coinbase. you saw the transaction volumes jumping significantly in the fourth quarter. the third part of the equation is etfs. the excitement of the etfs. the concern of the advent of etf might take business away from coinbase. coinbase is a custodian to 8 of the 11 issuers there. what was interesting is overall transaction volume for 2023 on coinbase is down versus 2022 despite the jump in the market. that speaks to a broader theme here and conversations i have had with the industry and

arjun joins us with more.eople are still buying con consoles. >> the switch is now nearly seven years old and still has strong momentum and large past part of that is the super mario brothers and the zeld sara game. when you look at the latest quarter in december, super mario brothers, the new game in october, has become a big hit. people are still buying a very old game. mario kart which has been in the market for a few years. they are buying the zelda as well. there is a lot of strong outlook on sales with 122 million ain w annual player ans. they are hiking for switch sales. >> i guess what apple is doing with its phone and hardware to get people into the apple e ecos ecosystem. this is similar. you get nintendo players playing switch and tapped into the ecosystem as well. you have the merchandise and the intellectual property and push into digital. >> digital and mobile games and films. a zelda game recently being announced. the rally is 14% alone this year to date is on anticipation of what comes next. th

arjun, thank you. >>> let's look at european markets before we head out.f green across the board. all of the indices are trading with the risk-on tilt. the ftse mib up .90%. dax up .70%. industrials with a good day. dax through 17,000. the cac 40 is up .90%. today, we are seeing a strong performance from automakers at the top of the cac 40. the ftse 100 is up .10%. markets there reacting to the weaker gdp numbers showing the uk is technically in recession. contracting minus 0.3% in 2023. as for u.s. futures, this is what the markets look like in the u.s. s&p and dow and nasdaq opening up in the green. later on today, we have retail sales figuries coming out which is key for markets. analysts are expecting a contraction. >>> on a programming note, do not miss the interview with the ceo of airbus coming up in a few minutes. for now, i'll hand you over to "worldwide exchange." hi, i'm jason and i've lost 202 pounds on golo. so when i first started golo, i was expecting to lose around 40 pounds and then i just kept losing weight, and moving and moving and movi

it is too expepensiexpensive. >> arjun, thank you.e will circle back tomorrow that is it for the show today. i'm joumanna bercetche with silvia amaro "worldwide exchange" is coming up next. you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our most popular unlimited plan for a year! not only will you save hundreds but you'll also be joining millions who have connected to america's most reliable 5g network. sure is a lot safer than becoming a stuntman for money. get a free line of unlimited intro for a year when you buy one unlimited line. plus, get the new samsung galaxy s24 on us. >>> it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." >>> we start with wall street picking up the pieces after the worst day since september. futures are fighting for gains ahead of the open. >>> that after fed chair jay powell dashed hopes of a march interest rate cut. he says it is not the base case, not at this tim

they know the ticket arjun that special, which is why this band is on its way slow. the south is really good, be brief, it will not attempt, she's back. it will give some wet snow to the north in the house and right the way through to hard run in australia as well. so if it still is still to will them to dry in a good profit of spain, the cold breeze, it seemed like through grease in particular, has become lights and not so snow is really a risk. however, you'll see temperatures will be dropping in eastern europe, saturday, 8 or book rest, for example. case important being book or us down to 5 degrees. probably rain on friday and then back up to 12 again, which is above average. but there's quite a big spread of this time. the, at a cost is sunday, it does mean the code is still going sides. so i need to fix the northeast of africa, particularly north coast of egypt and still it pushes the sand up into the. so is it all the dusty? how much of the wind the allowed to us so the sea and everything is the torture full types of georgia. it was unbelievable. they would fit

. >> and karen and arjun join us once again from barcelona with a very special guest. karen. >> let me just pick up here. we've got a special guest, cristiano eamon, the ceo of kwal clom. let me ask you. we've got everything on ai. ai on p.c., ai on phones. what does it mean? >> this is ai revolution as ai is happening everywhere. it's not only happening at data centers but on phones. the exciting thing is how fast this is all happening. we launched an ai hub. there's over 75 models for image, for audio, for voice, and developers can start adding to their app, pushing to the app store. i think we're starting to see really the ai revolution happening mobile right now. >> ai on the phone, we haven't had a lot of innovation in phones for years. it pretty much looks the same. we've had a few upgrades here and there, battery life. are we on the potential for something? >> i think we are o the cusp of an ai revolution and to bring excitement so people want to have an ai phone. i think that's what we're betting. we're betting it's going to create a new cycle in this industry.

arjun asked the ceo about his company's a.i. plans and the assistance service. >> at first, we start it as a a.i. super app. now we are shifting to transform the a.i. to a.i. personal agent service. for example, now people in korea use it to summarize their phone call when they have a phone call. this agent summarizes the call. then the directory transforms that to his or her schedule or something. then, this is quite popular. now, we have more than 3 million subscribers. every day, you know, 500,000 are using the apple. >> what is the plan for growth and commercialization? is there a subscription model on the way? are you working with smartphone makers to bring it to the mobile world? >> two directions. one is the enhancing of services and then if we are successful with that and we can make a subscription model. the other way is to expand to the global. we want to launch this agent service in the u.s. and other markets in the future. >> a new line of smart pphones were launched, but the company has a new operating system that w

brazil. behind that however, it lots of hot and dry weather for places like it too late as well as arjun tina. but thunderstorms will come back in full believe your own size that you can see that weather rushing its way all the way up to the north with some heavy falls of rain to come from ecuador. as a brisk, a wind is blowing across coastal areas of columbia. you can see those brisk winds blowing the showers into panama, as well as costa rica, somewhat to weather as well. creeping into guatemala and believe a mixture of scaffold showers, but lots of sunshine for the caribbean and his spun yoda, but instead we'll see some very heavy rain start to walk into the north of mexico. and that will slowly defend into mexico city by sunday. in the united states, a mass shooting during the superbowl victory parade has less one person dead. 9 children were among the 21 injured as the kansas city chiefs found celebrated their big when at the weekends, police in missouri say 3 suspects are being questioned. and the motive is unclear. john 100 reports. hey jeff. good. yeah. just choose it. begin is a

arjun good morning lisa. >> hey, good morning to you, julian.ooking at some dense fog in the north bay, santa rosa , novato and the cloud cover. we have chilly temperatures as well , so be careful through 10:00. this fog is going to shift around a little bit. primarily in the north bay, but you could see it in other areas. and look at these. morning lows. 34 in danville, 36 in fremont and the hills here of eastern santa clara. definitely under that frost advisory elsewhere, closer to the bay, you see the 40s. but what about that 39 in half moon bay? so grab the jacket. we're cold, we're foggy, we're depressed. right. 43 in novato right now. but as we go through the next several hours, as the fog lifts, we'll have a partly cloudy day today and tomorrow. then we bring our storm impact scale for a weak system on wednesday, carrying over into thursday. so there's a look at today into your tuesday. mostly cloudy and then wednesday stopping this in the morning. midday. we're looking at some rain some lighter rain. it's a quick mover. not a whole lot t

arjun, how's it looking. >> all righty. good morning you guys.oking at the rain in santa rosa right now. cold front will be pushing through the bay area and then the cold air follows it. we will have breezy winds later on. a closer look shows the spotty showers. marin, sonoma and then pushing southward into san francisco. so not a whole lot happening right now. but there is fog where it is raining over two miles. visibility in santa rosa, 51 san rafael, with all the cloud cover . temperatures have been held up from the upper 40s to low 50s. so we're looking at the warmer start. but once the front and the rain moves on through throughout the middle of the afternoon, you'll feel the colder air. so by about 8:00 you can see the spotty showers and then by 11:00, 12:00, the main rain line is up in the north bay. it will continue to sink to the south and east throughout the middle of the afternoon. the winds kick up the south bay and the east bay will be wet for the evening commute, and we'll talk rain totals coming up. gloria. >> good morning. well, w

they know the ticket arjun that special, which is why this band is on its way slow. the south is really good to be brief, it will not attempt just back. it will get some wet snare to the northern hours and right the way through to hard drive in australia as well. save it still is still too willing to dry in a good profit of spain. the cold breeze, it seemed like through grease in particular, has become lights and not so snow is really a risk. however, you'll see. temperatures will be dropping in eastern europe, saturday, 8 or book rest. for example. case important thing book or us down to 5 degrees. probably rain on friday and then back up to 12 again, which is above average, but there's quite a big spread of this time. the other causes sunday, it does mean the code is still going sides though, and effects the northeast of africa, particularly north coast of egypt and still it pushes the sand up into the so is it all the dusty? how much of the wind this is one of the was largest radio telescopes, designed by soviet era, pioneer only to be left lying. idle refusing to

brazil. behind that however, it lots of hot and dry weather for places like it too late as well as arjun tina. but thunderstorms will come back in from bolivia on thursday. you can see that weather rushing its way all the way up to the north with some heavy falls of rain to come for ecuador, and some brisk of winds blowing across coastal areas of columbia. you can see those brisk winds blowing the showers into panama, as well as costa rica some worth of weather as well. creeping into guatemala and believe a mixture of scaffold showers, but lots of sunshine for the caribbean and his spin yoda, but instead we'll see some very heavy rain start to walk into the north of mexico. and that will slowly defend into mexico city by sunday of the 60 years since its foundation, the munich security conference will see lead as a symbol to the local security challenges with conflict in the middle east spreading and the rest, the ukraine war continuing. what does the future international or does it look like? get live updates on out to 0. diesel, the dentist, wild flyers in the history of chile. it began