>> kristina, thank you kristina partsinevelos >>> all right, straight ahead, rick heitzmann is back we'llke on the breaking news, filing now to g public plus you'll find out how he' navigating the tech sector surge and what else is hot besides ai we're back right after this. my name's cody archie. and i'm erica. cody: and we're first generation ranchers from central texas. erica: and because of tiktok, we're able to show people from all over the world where their food and fiber come from. cody: we have dorper sheep and we have beef cattle for the sole purpose of going into the food chain. we use tiktok as a tool to inform people of what we do and why we do it. there's just a plethora of knowledge and of information swapping going on there. tiktok is helping us protect this way of life for future generations. ah, you're adorable. tiktok is helping us protect toww! ay of life violence makes our tummies tingle. violence. violence. violence. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your s

as always, thank you so much, kristina partsinevelo.head, we get you set up for salesforce, the software giant reporting results in overtime. we will tell you what to watch for, coming up, but first, a quick message as cnbc celebrates black heritage. >> it's truly an homage to reflect on the stories of those who are broken barriers and inspired the next generation. it was representation like ursula burns that allowed me to see the possibilities of becoming a president and ceo of fedex. i humbly understand my assignment of responsibility to have a positive impact through my conibio, trutnsin paving the way for our community. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help

. >>> up next, let's get back to kristina partsinevelos for us. kristina?the maker of invisible lin , those stock movers, next. >>> the bond report is brought to you by pimco. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting o

kristina, thank you. kristina partsinevelos. taiwan semi, bill, its market cap is almost $600 billion, i think. it's marched up the ladder of market cap over this period of time. you own a lot of these names. you own micron that gets passed by arm. nvidia, amd synopsis, how do you view these? >> synopsis is our number four holding. they design electronic design automation for every relationship with every name here, nvidia, down the line, intel. just worry about stock management, portfolio management. trimming amd and nvidia by one-third, dropping to about nine and ten in the portfolio, invest in other places or keep on the sidelines. nvidia has marched back up to number four. it's just continuing to do that and i've been doing it, continue to manage these names. i think the focus on multiples exploding higher, tech isn't about what are you doing for me today, it's about what are you doing for me three to five years down the road. in 2026 multiples are half of what these are trading at now. maybe a third of what they're trading

kristina partsinevelos. >>> coming up, taking a chance of china.y're good? we'll take an investing trip to the mainland after this break. >>> plus, small caps staging a big comeback since their drop on tuesday. one of the traders says there could be more gas in the tank. the names he's watching for a breakout, straight ahead. >>> and during february, we are celebrating black heritage. here is cnbc's sharon epperson. >> 57% of black business owners were denied bank lobes at least once when starting their business. that's compared to 37% of non-black owners. despite this, many african american entrepreneurs report feeling optimistic about their futures. celebrating black heritage, i'm sharon upper zone. awkward question... is there going to be anything... -left over? -yeah. oh, absolutely. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! with empower, we get all of our financial questions answered. so you don't have to worry. empower. what's next. the first time you connected your godaddy website and your st

kristina partsinevelos has that side of the story from the nasdaq.na, what is your reporting on anything on this? >> having got them, i need to get them. >> it's funny, use the word could, and i will stick with that, because like everyone alluded to, it's quite a mind- boggling number, but if, i will use the word if the funding does come through, this could bode well for equipment makers like limb research, kayla, applied materials, which already could get a boost because of finding, morgan, you just talked about. we're expecting more awards to be dispersed in the coming two months or so, and so that's a positive for a lot of these ones you're seeing on the screen. there is also strength possibly in the chip designer simulation verification firms like cadence design, synopsis, and so that is why you're seeing cadence and a synopsis of higher today, because even arm, which we saw a surge just after its earnings report, the stock is up again to an half percent. but look, up to date, 65%. the blueprint for a lot of these chips. so if a lot of this fundi

kristina partsinevelos is back with that standing by. >> the u.s.s to block the biggest supermarket merger in history, in u.s. history. domino's, promising to get back to investors. i will explain all of that, next. ♪ ♪ ♪ this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. you founded your kayak company because you love the oce

kristina partsinevelos. already today, we hit a new high in the smh. we had another data point that is worth pointing out in the chip space, monolithic power, which provides the power management systems to nvidia gpus, they had good results and are up in the afterhours. seems like everything is coming up roses in chips, steve. >> well, this is -- well, last year, we touched on the a.i. element to chips and that's going to be the next leg, could be the next five-year leg. but where kristina touched on about how much money they get in royalties, and then they start with a cpu structure that's a higher cost than their existing one. they need to have a higher structure, because they -- they own the whole market. they own smartphones. they own consumer. so, they need another chip or another royalty injection, i should say, to do better. when you look at the numbers -- remember that thing in 2020, nvidia tried to buy them for $40 billion. could you imagine if nvidia, with all the stuff that we're talking about, nvidia runs that market, now they try to buy th

kristina partsinevelos. tim, do you own cisco?co, and this can fall under the category of value trap. i mean, this is a company that, to me, in the last five years, has been transitions from hardware to software. and into security, and doing things that are high margin and very interesting. annuity-based. they should be helping the multiple. this is one of the names, if you listen to the street, there's a handful of analysts that have called this one of the great value, whatever, big cap tech stocks. so, when you hear the weak telco outlook and some of the dynamics that chuck robbins, who is very, very honest with the market, and sometimes there is a little bit of an overly conservative outlook. it is what it is. this is two quarters in a row that the numbers are really disappoint disappointing, in a space of the world where they are spending on security and software. >> yeah, and i think that's the question, is it a value trap? because the valuation is attractive here. i think they have a really strong balance sheet. i wouldn't b

kristina partsinevelos joins us now with the details. kristina, go through what all these bulls are saying ahead of getting the numbers. >> who has the bigger price target? and today it is loop new street at $1,200, that's 65% upside from yesterday's close. there's others, oppenheimer, they think, and this is loop, nvidia will not only beat expectations but will provide more upside to its fiscal year 2025 estimates because they are at the front end of this gpu generative ai cycle. yes, there is competition and they believe it's still far out enough that nvidia will benefit from the first mover advantage. analysts writing we're going to party like it's 1995 with the dot-com bubble coming a few years later. is that a good sign to put that as the title? when nvidia's share price climbed $542 in just one year alone. and we can't speak of price appreciation without bringing up super micro. the real winner this year, its share price has gone from $95 to over $1,000 at yesterday's close. it's down today on an equal weighted report from wells fa

many expecting a double digit move in either direction kristina partsinevelos is here with more on what out for tonight. hi >> reporter: hi, carl. let's recap yesterday, nvidia lost $78 billion in market cap, the largest daily loss on record investigators are opting to take profit that's one reason. the continued sell off is google will use less compute for their a.i. model and overall, the magnitude of the beat for nvidia over two quarters that have some analysts anticipating a slight sell off this afternoon. like you mentioned, possibly the options market an 11% move the street though is expecting revenues of about 21.3 billion with a buy side whisper at 21.7 billion a few risks you have improving supply which could cut lead times. demand weakness from china, future competition from amd, intel, semi custom chip solutions from google, microsoft,et and yet the stock has dropped 40% year to date nvidia's management saying 2025 will be a growth year. cloud cap x increasing from the likes of microsoft, amazon, google and all of that, that you just saw on your screen, is sending the message

the conference call for nvidia just started, and cnbc's kristina partsinevelos has the numbers and is monitoring the call kristina >> well, the call just started, so, i'm going to get on it as soon as we finish this, but nvidia surpassing expectations get again. a lot of it is driven by data center revenue, its bread and butter, which grew 38% quarter over quarter to 18.4 billion large cloud providers represent more than 50% of that data center revenue with nvidia saying in their report that demand is growing among other verticals, including auto, financials, as well as health care services all sectors for nvidia, revenue did beat auto is the only one declining, but what's so impressive is gross margins coming in at 77% for the fourth quarter which speaks to its pricing power what's interesting, though, is nvidia was still able to grow data center revenue, even though the cfo commented in their -- in her statement, stating that, quote, data center sales declined significantly in the fourth quarter due to u.s. government licensing requirements she's never used the word significantly be

send it over to kristina partsinevelos for a look at the biggest names moving into the close. >> thanks, mike, high. let's talk about shares of nike right now because they're falling 2% with the news they need to cut 2% of its workforce are roughly 1500 employees. this is part of a broader restructuring. the sneaker giant is also faced with a slowdown and that is what is driving a lot of this consumer spending. fuse for capital -- running as well as the jordan brand. first right of layoffs actually begin this week. dropbox faced with several analyst downgrades from bank of america to jpmorgan today after posting and it looked that fell short of estimates. bank of america arguing that drop boxes both uses has, quote, played out. as total paying users are actually declining. drop box of ceo was on the we call that there are more cautious with a spending in very pretty sensitive right now. man, drop boxes dropping. 24% right now. >> christina, thanks very much. we're just getting started here. up next, trouble in the charts? top technician is raising the red flag on a key market risk that

i'm kristina partsinevelos with your cnbc news update. hamas official dismissed president biden's suggestion that talks in gaza were close to a resolution. the hamas official went on to accuse the united states of leaking proposals for a pause in fighting to pressure hamas' leadership into agreeing to a deal. in other words a pressure tactic. the presidential campaign shifting to michigan where republicans and democrats are holding their primaries. on the gop side, 16 delegates are up for grab, the only 39 dolled out at a state party convention on saturday. some democratic voters plan to cast uncommitted ballots to protest pipe's handling of the israel-hamas war. >>> tiktok is accessing more music from its app. the popular video streaming platform removed songs by artists signed by umg and taking off by universal signed artists. tiktok says up to 30% of its popular songs could be pulled. david, back over to you. >>> crypto currencies are rallying. bitcoin topping 57,000. that's a 27-month high. crypto related stocks such as micro strategy

kristina partsinevelos joins us with a new contrarian take. >> i figured it's about time given the euphoriaa briefly surpassed amazon in market cap yesterday and witnessed a remarkable $500 stock cease in its share price just over 52 weeks, which seems invulnerable to bearish sentiments on a day when the broader market is firmly in the red. no sell notes from analysts in over nine months. it's easy to overlook potential concerns but amidst this ai euphoria, there are a few flags that emerged. wolf research highlighting easing supply constraints which may dampen chip demand in the later half of this year. morgan stanley questions the sustainability of nvidia's growth trajectory. a plateau in 2025. and then there was this one barkley credit team note, credit not sell side, that predicts a mod ter rags in demand as the industry transitions from training to the interference phase. we've got also heightened competition in the industry, amd and intel and mega cap firms meta, amazon, google, the list continues, creating their own in-house custom chips would prove as an alternative to gpus. those a

partsinevelos has been tracking the action and joins us with more on the reaction from the street hereont of you i'm excited. let's talk about nvidia's earnings giving confidence to investors at the ai trade is going to continue without being too high to worry investors. start with data center revenue up 409% year over year and you talked about that early in the show driving 40% of the sales. you had improved supply helping, speaking of supply management does expect a supply shortage for the new ai product around march 18th giving confidence that demand will keep growing in 2025. china revenue did fall because of export restrictions the company is sending workaround chips which could mean more china growth once they get those licenses from the u.s. government and then the company also reset gross margins to mid-70s later half in this year which is still higher than most chip makers across the board with the exception of maybe arm you have so many analysts, so many reports to read upping their price targets. bernstein up to $1,000, saying nvidia is printing money, deutsche bank says the

it also did announce an extension of its partnership with apple let's get over to kristina partsinevelose seems to be giving some investors us. >> you're right. i will get to that it seems like with this scenario apple needs qualcomm longer. extending its license agreement with qualcomm for another two years through 2027 this after extending its chip contract with apple through 2026 last quarter even though apple has been working for years on building its own in-house smartphone chips. they just haven't been up to par just yet i asked qualcomm's ceo last night at their hq in san diego if apple needs qualcomm. listen to his response. >> we're very happy with the relationship with apple right now and we'll continue to be suppliers to them and see intellectual property as well. >> extending its chip contract with samsung, hasn't stopped it from losing market share as more companies make their own in-house chip. the android loss contributed to qualcomm's inline guidance, bank of america calling it lackluster, the guidance, and citi downgraded the company to neutral with a price target of $16