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Apr 5, 2024
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kristina partsinevelos. we'll see you in a bit. >>> bitcoin pulling back amid a broader crypto selloff. the cryptocurrency has been retreating from last month's high of $74,000, fultd by a wave of spot bitcoin etfs. joining me, anthony scaramucci of skybridge capital. good to see you here. >> good to be here. maybe the etfs played a role. i think we can agree on that. bitcoin is back. why? what are all the reasons you think? >> i think the etf was a big reason, and now the -- and i think you know wall street as well as anybody. when wall street gets a product like this, it's a selling machine and generating lots of demand for the product. and i think we're surprised there's over $10 billion in the first quarter of new flows for something like bitcoin. >> why are you surprised? >> well, it took a year for gld, the gold etf to get to $10 billion. so, this did it in 25% of the time. not to bore everybody, but it spits out 900 a day. that will cut cut in half so you're going down to 450 coins. you probably have
kristina partsinevelos. we'll see you in a bit. >>> bitcoin pulling back amid a broader crypto selloff. the cryptocurrency has been retreating from last month's high of $74,000, fultd by a wave of spot bitcoin etfs. joining me, anthony scaramucci of skybridge capital. good to see you here. >> good to be here. maybe the etfs played a role. i think we can agree on that. bitcoin is back. why? what are all the reasons you think? >> i think the etf was a big reason, and now the...
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Apr 22, 2024
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and kristina partsinevelos is back to look at cadence design earnings. were looking for, what you expected? now what? >> it takes the pressure off. it's not the really violent snap back you might expect if you had a washed out market where everything lined up and you had that kind of flush of a selloff late last week. we didn't get that. i think the good news is nobody came in monday saying we need to peel back equity exposure. last week it seemed like that. last week we had intraday rallies, not happening again today. didn't see a lot of it chase when we got to the highs of the day, up 1.4%. >> it looks like we were getting what you described and then it fizzled in the last hour. >> the issue is, even if we got up 2% you have to say that's an oversold bounce. that's the game we play, it's only 5%. no rules have been violated here and the breadth of the market is 76% upside volume so it's still pressure on the big concentrated in index names that's obscuring a little of the strength below the surface. >> julia verizon was the worst through much of the do
and kristina partsinevelos is back to look at cadence design earnings. were looking for, what you expected? now what? >> it takes the pressure off. it's not the really violent snap back you might expect if you had a washed out market where everything lined up and you had that kind of flush of a selloff late last week. we didn't get that. i think the good news is nobody came in monday saying we need to peel back equity exposure. last week it seemed like that. last week we had intraday...
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Apr 1, 2024
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let's send it out to kristina partsinevelos. >> the roller coaster ride continues as trump media and technology group sinks more than 20% after the social media company reported a $58 million net loss in 2023. this came from the company's 8k, and in that filing, they said they expect "to incur operating losses for the foreseeable future." the move does come after a multi-day rally just last week after the stock began trading, ipo'ed on tuesday. keep in mind, this company has a valuation of more than $6 billion, down 20%, trading at $49.29. shares of 3m on the rise after the manufacturing company announced its spinoff of health care company solvatem was completed. they announced a settlement with public water suppliers in a chemicals lawsuit. that's why you're seeing shares up almost 6% right now. >> all right. back to you in a few. >>> still ahead, a chip check. micron shares are moving higher. >>> and how the rest of the chip space is reacting. "closing bell" is coming right back. to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is go
let's send it out to kristina partsinevelos. >> the roller coaster ride continues as trump media and technology group sinks more than 20% after the social media company reported a $58 million net loss in 2023. this came from the company's 8k, and in that filing, they said they expect "to incur operating losses for the foreseeable future." the move does come after a multi-day rally just last week after the stock began trading, ipo'ed on tuesday. keep in mind, this company has a...
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Apr 15, 2024
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kristina partsinevelos is standing by at cnbc hq with more. >> reporter: good morning, frank. with a little help from the u.s. government, the chip maker samsung, is promising to spend in america. that help from the government comes in the form of $6.4 billion in funding. it will build two foundryfoundrh the first ready in 2028. it will build a facility in texas and then planning on expanding the plant in austin, texas. the department of commerce promises 17,000 construction jobs and 4,500 well paid jobs in texas. the samsung award is the latest in the series of handouts from the biden administration to rec rec re recrvitalize the manufacturing america. intel and tsmc are getting the highest awards over $6 billion. if you add that up, it is $27 billion allocated to firms in america. some are not necessarily american, but all with the goal of bringing chip hfmanufacturin back to america. making 20% chips in the united states while countering the technology rise in china. we know china has thrown a lot of money into their chips programs, too. >> we are seeing the moves for the e
kristina partsinevelos is standing by at cnbc hq with more. >> reporter: good morning, frank. with a little help from the u.s. government, the chip maker samsung, is promising to spend in america. that help from the government comes in the form of $6.4 billion in funding. it will build two foundryfoundrh the first ready in 2028. it will build a facility in texas and then planning on expanding the plant in austin, texas. the department of commerce promises 17,000 construction jobs and...
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Apr 17, 2024
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kristina partsinevelos is back with more. >> good morning again.e again, the company is still dealing with an internal financial investigation which it doesn't expect to impact any previous earnings reports. shares are down le%. underperforming the broader tech picture. >> amc had its best day since february, snapping a four-day losing streak. while the move was not tied to anything in particular, stock was up 16%. now down more than 90% from its all-time high. the market cap is just a little over $5 million. and trump media trying to reclaim some of its losses this morning after falling another 14% yesterday. the decline comes despite truth social's newly announced plans for a live streaming tv network. shares are down 50% since last month. frank? >> all right, kristina, thank you very much. >>> we want to turn your attention to a the news alert right now. we have reports of a magnitude 5.1 earthquake hitting close to taiwan, this coming after that 7.1 hit the island earlier this month. the quake temporarily pausing chip-making. that includes ttme
kristina partsinevelos is back with more. >> good morning again.e again, the company is still dealing with an internal financial investigation which it doesn't expect to impact any previous earnings reports. shares are down le%. underperforming the broader tech picture. >> amc had its best day since february, snapping a four-day losing streak. while the move was not tied to anything in particular, stock was up 16%. now down more than 90% from its all-time high. the market cap is...
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Apr 30, 2024
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kristina partsinevelos is at the desk with us at post 9 because you've covered this, and how should we think about this in an environment where it's so dramatically underperformed, some of the other bigger names? >> the stock in the last month, a pullback of almost 15%. i think the concern with amd is you still have part of its business that is cyclical in nature. it is exposed to 20% of revenue, to more traditional servers. we know from intel, tsmc, a list of others, asml, they've talked about weakness in the first q1 and q2 and improvement in the second half. that is not necessarily good news for amd, which is why we will look at any type of trends on those two categories. on the flip side, all of this talk about capex spend, the a.i. chip, the mi-300x they had previously said the full year 2024 estimate was $3.5 billion. i say this because the number is extremely important. if they increase that estimate to $5 billion, which is what the street is anticipating, then you'll see shares react positively. that number is as high as 8 billion. so that's the commentary we're going to be loo
kristina partsinevelos is at the desk with us at post 9 because you've covered this, and how should we think about this in an environment where it's so dramatically underperformed, some of the other bigger names? >> the stock in the last month, a pullback of almost 15%. i think the concern with amd is you still have part of its business that is cyclical in nature. it is exposed to 20% of revenue, to more traditional servers. we know from intel, tsmc, a list of others, asml, they've talked...
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Apr 18, 2024
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micron technology said to be the latest recipient meghan has the washington angle, kristina partsinevelosthat's right. commerce secretary raimondo confirmed that micron will receive the next chips award companies expected to get $6.1 billion in direct grants from the commerce department to help build out manufacturing lubs in idaho and new york senate majority leader chuck schumer touting the investment in his home state micron will invest more than $100 billion, create more than 50,000 jobs in new york and those will be in manufacturing, construction, and all along the supply chain a senior biden administration official adding how the chips act is making america more competitive, creating jobs and driving economic growth in syracuse and across the country. the commerce department has $10 billion left to doll out from the $39 billion fund raimondo told us this week that all of that money will be allocated by the end of this year raimondo told me the next rounds are likely to focus on memory chips and funding for suppliers, waivers, chemicals, those input products we need to support chip m
micron technology said to be the latest recipient meghan has the washington angle, kristina partsinevelosthat's right. commerce secretary raimondo confirmed that micron will receive the next chips award companies expected to get $6.1 billion in direct grants from the commerce department to help build out manufacturing lubs in idaho and new york senate majority leader chuck schumer touting the investment in his home state micron will invest more than $100 billion, create more than 50,000 jobs in...
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Apr 9, 2024
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kristina partsinevelos.or more on intel's new ai chip and how it impacts the other key players in the industry like nvidia and amd bring in matt bryson, senior research at wed bush securities. matt, welcome. good to have you with us? is this chip from intel a game changer either for intel or the sector? >> i don't think so. this is the third iteration of this chip. and when you think about where nvidia is getting all this business, it's not through for the most part the oems that were mentioned by intel when they talked about where the chip was going to get sold, rather, you've had nvidia tell you -- tell us that 50% of their businesses, class service providers, they've mentioned before, the social media is a major end market. all those buyers are buying through odms for the most part. i would suggest that 80% plus of nvidia's business is those large-type customers that intel doesn't have yet. >> right. it feels more about intel than nvidia, matt. wonder if you think that pat gelsinger is trying to bite off
kristina partsinevelos.or more on intel's new ai chip and how it impacts the other key players in the industry like nvidia and amd bring in matt bryson, senior research at wed bush securities. matt, welcome. good to have you with us? is this chip from intel a game changer either for intel or the sector? >> i don't think so. this is the third iteration of this chip. and when you think about where nvidia is getting all this business, it's not through for the most part the oems that were...
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Apr 26, 2024
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. (♪♪) (♪♪) >>> welcome back the aforementioned kristina partsinevelos is here, and she promises thatot the usual -- these are not the usual suspects what are you looking at? >> there's one usual suspect in there, but it doesn't get as much attention as the tech names you talked about i'll say i'm winning in this category intel failing to impress investors and promised that the second half of the year would be better shares are down 9% today, down 33% on the year. underperforming is a great barometer for semiconductors as a whole. bernstein calling the company, quote, profoundly broken even as intel management called for a bottom last quarter, shares down 9% did you guess the shoe company, brian? skechers, much better shares, all time high after record quarter earnings up 13% year over year driven by the direct to consumer sales channel, which has higher margins that wholesaler. q2 driven by an international expansion in europe. i bet also those snoop dogg sketcher ads were helping. during the commercial break you should have seen me because i was just playing snoop dogg songs? >> whi
. (♪♪) (♪♪) >>> welcome back the aforementioned kristina partsinevelos is here, and she promises thatot the usual -- these are not the usual suspects what are you looking at? >> there's one usual suspect in there, but it doesn't get as much attention as the tech names you talked about i'll say i'm winning in this category intel failing to impress investors and promised that the second half of the year would be better shares are down 9% today, down 33% on the year....
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Apr 24, 2024
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. >>> let's send it over to kristina partsinevelos now for a look at the stocks moving into the close. kristina? >> after some rounds of job cuts last year and a streak of disappointing earnings, it looks like cost-cutting measures may finally be turning things around at hasbro. the term maker beat street estimates and beat its 2024 outlook, which is why shares are up almost 12% right now. downside, though, shares on old dominion are sliding after posting mixed results. revenues fell slightly behind. comments from the ceo did sound a little bit more optimistic, saying the company improved financially despite "continued softness in the domestic economy." those shares are down 11%. scott? >> kristina, we will see you soon. >>> just getting started here at post 9. coming up, the countdown to meta, the tech giant seeing serious gains this year, up 40%. we have doug clinton from deep water asset management standing by right off the set ready to take a seat. we are live from the new york stock exchange. you're watching "closing bell" on cc.nb highly competent. i'm just here for the internet
. >>> let's send it over to kristina partsinevelos now for a look at the stocks moving into the close. kristina? >> after some rounds of job cuts last year and a streak of disappointing earnings, it looks like cost-cutting measures may finally be turning things around at hasbro. the term maker beat street estimates and beat its 2024 outlook, which is why shares are up almost 12% right now. downside, though, shares on old dominion are sliding after posting mixed results. revenues...
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Apr 19, 2024
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carson group chief market strategist ryan detrick joins me plus, kristina partsinevelos on the selloffth nvidia down 10% on the day. kate rooney on the big earnings beat for american express. ryan, let's start with you you've been bullish, staunchly so, since late 2022. as we see this choppy period in the market, we have a 5% pullback obvious questions about whether, in fact, it's the start of something more how are you playing it >> mike, thank you for having me back tgif, everybody. after a five-month rally, after a 27% rally to 100 days off that late october low, we've been saying for a month, be open to the idea of some type of indigestion. we're getting it we're getting the first 5% correction we've had all year. most years, on average, have multiple 5% corrections, but this is just something for listeners to think about >> for sure. >> with the number of stocks making a 20-day low, we had a big spike in that. also, if you look at the last five days, we have had internal improvement. i know you wouldn't look at the indexes, but today, you had a guest talk about the banks, right? t
carson group chief market strategist ryan detrick joins me plus, kristina partsinevelos on the selloffth nvidia down 10% on the day. kate rooney on the big earnings beat for american express. ryan, let's start with you you've been bullish, staunchly so, since late 2022. as we see this choppy period in the market, we have a 5% pullback obvious questions about whether, in fact, it's the start of something more how are you playing it >> mike, thank you for having me back tgif, everybody....
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Apr 23, 2024
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let's send it to kristina partsinevelos, for a look at the biggest names moving into the close. >> one of those is spotify, their best day since october 2019, pre-covid. after surprising investors with a prodigy, even though otal monthly users can in below estimates. the music streaming platform attributes this to efficiencies, multiple layoffs, price hikes, and other initiatives to boost margins. shares up almost 14%. >>> shares popping more than 17 right now after the medical company beat earnings and sales estimate even though they beat to revenue to be done year-over- year. competitor, , also up in that sympathy, those shares are up 5% right now. >> we are just getting started here. up next, teslas moment of truth. first quarter earnings are out in ot, requisite capital has been talking and owns that stock, which is why we get her take, next. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire trading at schwab
let's send it to kristina partsinevelos, for a look at the biggest names moving into the close. >> one of those is spotify, their best day since october 2019, pre-covid. after surprising investors with a prodigy, even though otal monthly users can in below estimates. the music streaming platform attributes this to efficiencies, multiple layoffs, price hikes, and other initiatives to boost margins. shares up almost 14%. >>> shares popping more than 17 right now after the medical...
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Apr 25, 2024
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kristina partsinevelos has that for us. >> we had texas instruments earlier this week and that reportwondering if the bottom for non-ai segments is near when i talk about non-ai we think intel, pc and server segments both are highly dependent on i.t. spending budgets. citi points to a pc recovery in march and the launch of windows 12 later this year that could be a driver for a pc refresh cycle. other positives, mobile business, given intel majority shareholders that could add a bump in other business sesments. investors remain skeptical, no surprise, intel under performing other chips down 30% year to date with the smh up 20% that's a huge discrepancy. even if server sales are improving, competition from amd is a headwind for intel. secondly, intel's new foundry business, which will be operating as a separate business with this report, has deeply negative gross margins, profitability is a ways out. intel, though, will tout its new ai chip which aims to compete with amd and nvidia q2 of this year that doesn't factor into the results yet. lastly i need to mention micron. the biden admi
kristina partsinevelos has that for us. >> we had texas instruments earlier this week and that reportwondering if the bottom for non-ai segments is near when i talk about non-ai we think intel, pc and server segments both are highly dependent on i.t. spending budgets. citi points to a pc recovery in march and the launch of windows 12 later this year that could be a driver for a pc refresh cycle. other positives, mobile business, given intel majority shareholders that could add a bump in...
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Apr 16, 2024
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time for the big money movers and kristina partsinevelos also has those back at hq. >> good morning. tesla is lower this morning. the ev maker is laying off 10% of the work force as it prepares for the next phase of growth. it is a way to reduce costs and increase productivity. >>> shares of trump media are sliding which allows it to register millions of shares, but not change the amount of shares preventing trump from selling in september. you may have assumed the outstanding shasres increased with the moves. >>> watching stocks today with blackberry coming off the worst day since january. this is the biggest loser with okta and zscaler. companies you used to cover often. >> you know, i still do. great to see you. >>> coming up on the show, microsoft ups the ante with the investment with the focus on international efforts. the full story and a.i. headlines coming up after this. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is livi
time for the big money movers and kristina partsinevelos also has those back at hq. >> good morning. tesla is lower this morning. the ev maker is laying off 10% of the work force as it prepares for the next phase of growth. it is a way to reduce costs and increase productivity. >>> shares of trump media are sliding which allows it to register millions of shares, but not change the amount of shares preventing trump from selling in september. you may have assumed the outstanding...
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Apr 29, 2024
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thank you both >>> to kristina partsinevelos for a key stocks she's watching into the close >> consumer fintech sofi plunged today, even after beating expectations wall street was luking for second quarter revenues about 580 million dollars, but sofi said they can only expect 555 to 565 million. it was a lot less than what the street was anticipating, the company saying 2024 remains a transitional year. >>> domino's may be used to putting topping on pizza, but today topped wall street estimates for the first quarter. u.s. same-store sales grew during the first quarter, which the ceo contributed to the hungry for more plan investors clearly hungering for move of this. >>> thank you. we'll see you in a bit >>> navigating the tech trade. amazon and apple results are front and center this week lo toney is tannistanding by, ad jo joins us after the break to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-ori
thank you both >>> to kristina partsinevelos for a key stocks she's watching into the close >> consumer fintech sofi plunged today, even after beating expectations wall street was luking for second quarter revenues about 580 million dollars, but sofi said they can only expect 555 to 565 million. it was a lot less than what the street was anticipating, the company saying 2024 remains a transitional year. >>> domino's may be used to putting topping on pizza, but today...
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Apr 26, 2024
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kristina partsinevelos on intel. at shares of charter that company reporting earnings this follows the report from our parent company yesterday that was not well received by the marketplace. in particular as well, comments from comcast cfo jason armstrong yesterday in terms of the environment for the broadband. broadband is the key business for comcast and charter as well, although wireless becoming a more important business and they did add what were in line essentially with whatanalysts had been expecting, some i think 480,000 mobile subscribers 75,000 broadband subscribers were lost during the quarter again kind of more or less in line with video, continues to erode. 405,000 subscribers. as an overall percentage of the number of customers they had that was larger than 389,000 at comcast and points to overall a shrinking, continuing to shrink world for the cable ecosystem. some of that being made up by the virtual mpds youtube which has 8 million. on the cast call chris winfrey ceo of charter said he would not prov
kristina partsinevelos on intel. at shares of charter that company reporting earnings this follows the report from our parent company yesterday that was not well received by the marketplace. in particular as well, comments from comcast cfo jason armstrong yesterday in terms of the environment for the broadband. broadband is the key business for comcast and charter as well, although wireless becoming a more important business and they did add what were in line essentially with whatanalysts had...
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Apr 29, 2024
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chip stocks in focus as the smh comes off its best week since may of last year kristina partsineveloscourse, tracking the action heading into a busy week of earnings from the space. good morning. >> yes good morning busy week. there was week one of chips earnings was also in the books now and despite some red flags from taiwan semi and asml some are calling for the cyclical bottom for nonai plays the earnings out this morning they had an earnings beat. q2 guidance fell short they are exposed to evs and tesla. nxp is out tonight and has less exposure to evs an more exposure to china you can see how you want to read that the big it driver for the ai chip space is rising cloud capex pend microsoft, alphabet and google are expected to spend and that doesn't include the 140 does not include amazon and apple spend as well. it bodes well for compute names like nvidia which surged about 15% last week. shares are down slightly today vee thone melius is rupp, a price target $1,125 on this name you can see shares trading at 874 right now. other nvidia alternatives, amd, out tuesday after the bel
chip stocks in focus as the smh comes off its best week since may of last year kristina partsineveloscourse, tracking the action heading into a busy week of earnings from the space. good morning. >> yes good morning busy week. there was week one of chips earnings was also in the books now and despite some red flags from taiwan semi and asml some are calling for the cyclical bottom for nonai plays the earnings out this morning they had an earnings beat. q2 guidance fell short they are...
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Apr 30, 2024
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kristina partsinevelos joining with what to watch for, those two companies, ai seems to be the dominatingminating factor but cyclical head winds is another concern and anything non-ai is weaker in the latest report. cpus will continue central processing units will continue to be flat in q2, but the positive is that all these companies are talking about this bottom, this paraphrasing this cyclical bottom with improvement in the second half of the year. which bodes well possibly for amd. so we're going to be looking for any demand trends in pc and server as well as changes to amd road maps that should reflect those trends. their embedded segment, that ch contributes to 25% of revenue. gaming would fall significantly in q1. expecting weakness there. while we have seen this pullback in shares this past month down 11% on this non-a-i cyclical weakness. the important factor is the adoption of the latest ai chip mi 300 series and any updates to the previous fiscal revenue forecast you're seeing on your screen now at 3.5 billion. the street is anticipating that number to jump up anywhere between
kristina partsinevelos joining with what to watch for, those two companies, ai seems to be the dominatingminating factor but cyclical head winds is another concern and anything non-ai is weaker in the latest report. cpus will continue central processing units will continue to be flat in q2, but the positive is that all these companies are talking about this bottom, this paraphrasing this cyclical bottom with improvement in the second half of the year. which bodes well possibly for amd. so we're...
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Apr 23, 2024
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kristina partsinevelos has the numbers. >> texas instruments often considered a bellwether for the chipposure today's earnings report shows q-2 revenue, as well as eps guidance that falls in line with estimates, which is a bigger deal for t.i., considering expectations were so low going into this. that's why the stock was down 3% as of the close on the year. many calls for a bottom. and that appears to be the case in q-1 yes, it was a beat, but revenue decreased 16% year over year industrial down 25%, auto down, low single digits year over year coms equipment down. personal explectronics the only one up on the earnings call, the cfo warns, quote, don't expect a significant or even any drain on inventory for q-2, implying inventory amounts will remain high but investors are optimistic, shares up 6% maybe on this bottoming out process and the guidance that came in line >> kristina, thank you guy, you find that one kind of interesting? all revenue segments are lower, disappointment there quarter coming in in line, but shares up 6% >> expensive stock probably north of 30 times now makes sen
kristina partsinevelos has the numbers. >> texas instruments often considered a bellwether for the chipposure today's earnings report shows q-2 revenue, as well as eps guidance that falls in line with estimates, which is a bigger deal for t.i., considering expectations were so low going into this. that's why the stock was down 3% as of the close on the year. many calls for a bottom. and that appears to be the case in q-1 yes, it was a beat, but revenue decreased 16% year over year...
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Apr 2, 2024
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kristina partsinevelos has the very latest. >> intel looking to convince customers of better profitabilityit separates its foundry business and intel products, to better highlights the metrics of intel's businesses, starting in q-1 2024 with the hopes it would improve its valuation. its latest 8-k said intel expects foundry operating losses to peak in 2024 and then hit break even operating margins at some point, they are using the term midway between the end of now and 2030, when it targets nongap gross margins of 40% and 30% nongap operating margins. but again, those operating margins that i just provided you are six years away. the stock, to your point, reacting negatively, because intel confirmed that the foundry business did operate at a loss of $6.9 billion last year. you can see that on your screen, compared to, let's say, its product business that brought in $11.3 billion, and that includes networking, data centers, et cetera. investors aren't convinced about the profitability, the margins, they are getting asked a lot of questions right now. the company, though, blaming the lack of
kristina partsinevelos has the very latest. >> intel looking to convince customers of better profitabilityit separates its foundry business and intel products, to better highlights the metrics of intel's businesses, starting in q-1 2024 with the hopes it would improve its valuation. its latest 8-k said intel expects foundry operating losses to peak in 2024 and then hit break even operating margins at some point, they are using the term midway between the end of now and 2030, when it...
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Apr 24, 2024
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the call just kicked off, but cnbc's kristina partsinevelos is here with numbers and a conversation that had. what stands out? >> it was the third revenue miss in the lastfive quarters so, that was a concern, but on the call, the first thing they started with is talking about this deal, $6.4 billion, $35 a share. and how it's going to help the hybrid multi-cloud world i nope, yoknow, you're shaking head -- >> you sound like you're scoffing >> here's a legacy company, there's been, what, 40, 45 acquisitions under the ceo since 2020, so, this is just another one to add to the mix. question is, you know, why are you adding this one now, is red hat not doing as well -- they're saying the synergies are going to be great, it will be accretive within the first 12 months once the deal actually closes and expect free cash flow, specifically for hashi, they expect that cash flow to go from mid single digits to 30% to 40% within year two, which i think was pretty impressive, and i got these stats from the cfo, i was able to chat with him. so, they haven't even gone through that on the call but over
the call just kicked off, but cnbc's kristina partsinevelos is here with numbers and a conversation that had. what stands out? >> it was the third revenue miss in the lastfive quarters so, that was a concern, but on the call, the first thing they started with is talking about this deal, $6.4 billion, $35 a share. and how it's going to help the hybrid multi-cloud world i nope, yoknow, you're shaking head -- >> you sound like you're scoffing >> here's a legacy company, there's...
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Apr 25, 2024
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kristina partsinevelos has more on the results >> the guidance leaves investors waiting each and everyon the earnings call, which is going on right now, the ceo reiterated, our target model is reasonable, conservative, if we can move faster, and do better, we will. so, he's obviously trying to hype up the crowd, it's going to get better in the second half. i was able to catch up with the cfo just about maybe 20 minutes after the earnings crossed and we spoke about the three product lines. pcs, data centers, as well as their networking and edge. all three categories were suffering from the seasonality that you often see in q-1. he warned that specifically for pcs, we would see the same thing happen in q-2. for servers, the common line, a.i. is taking all the money, you know, and any type -- he didn't use those words, i'm paraphrasing right now, but you know, any non-a.i. business is suffering, and he pointed to other players in the industry, and i could think of texas instruments, tsmc that also warned of that i did ask about specifically the foundry business, because that posted a loss
kristina partsinevelos has more on the results >> the guidance leaves investors waiting each and everyon the earnings call, which is going on right now, the ceo reiterated, our target model is reasonable, conservative, if we can move faster, and do better, we will. so, he's obviously trying to hype up the crowd, it's going to get better in the second half. i was able to catch up with the cfo just about maybe 20 minutes after the earnings crossed and we spoke about the three product lines....
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Apr 30, 2024
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kristina partsinevelos is on the phone, very confusing here. two calls at once. joins us with the latest. >> i do have my headphones and i'm listening. and the call is under way for amd. the major focus is on their a.i. chip. the mi-300 series. amd is saying it's the fastest product to break $1 billion in cumulative sales ssales. the company estimated they would be $3.5 billion in 2024 revenue. right now, they're bumping that number to $4 billion. which, i have to say, was largely expected by the street, but nonetheless, that was the number that a lot of people were looking for, possibly adding to maybe some of the reversal in the stock. what really drove the quarter was not only the new chip and server sales, but an improvement in their client business, which encompasses pc sales. that was up 80%. management says much like intel that the second half of this year will be stronger, driven by that pc refresh cycle and possibly the a.i. pc, but i'm skeptical, because we haven't seen that gain traction just yet. expectations, though, were high for this one, as well a
kristina partsinevelos is on the phone, very confusing here. two calls at once. joins us with the latest. >> i do have my headphones and i'm listening. and the call is under way for amd. the major focus is on their a.i. chip. the mi-300 series. amd is saying it's the fastest product to break $1 billion in cumulative sales ssales. the company estimated they would be $3.5 billion in 2024 revenue. right now, they're bumping that number to $4 billion. which, i have to say, was largely...
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Apr 17, 2024
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kristina partsinevelos has the fallout. >> it has to do with bookings and sales and make the chip equipments very expensive. it can cost hundreds of millions of dollars and the latest earnings report shows customers are holding back on orders especially for top end extreme ultraviolet machines. q1 net sales dropped 22% year over year driven by a drop in bookings specifically because terms like tsmc worked through their current stockpiles. china remains strong and contributes roughly 49% of total revenue and the strength has been prevalent over the last two quarters as the country tries to snap up older equipment before any further export controls comes into play. on the call, the management did reiterate that they expect a 15% impact to chinese sales because of new export controls from the u.s., u.s. is influencing the netherlands, et cetera, so that will weigh on their chinese business and said they expect weak sales for q2 but promise and this is a key point, they promise 2024 is a transition year and see growth in 2025. that first half weakness doesn't change their outlook for the year.
kristina partsinevelos has the fallout. >> it has to do with bookings and sales and make the chip equipments very expensive. it can cost hundreds of millions of dollars and the latest earnings report shows customers are holding back on orders especially for top end extreme ultraviolet machines. q1 net sales dropped 22% year over year driven by a drop in bookings specifically because terms like tsmc worked through their current stockpiles. china remains strong and contributes roughly 49%...
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Apr 22, 2024
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. >> let's get to kristina partsinevelos. >> let's start with amazon, still a top e-commerce pick accordinghey point to a resilient consumer but more so this year's size and dominance of amazon as a platform versus etsy and ebay. they believe amazon web service wills benefit from the migration to the cloud and increase in ai platform. ap apple earnings out, may 2nd, bank of america more optimistic with earnings estimates than most on the street, even though we do expect lower iphone sales expectations, they suggest that $1 billion of apple vision pros are just not priced into the stock right now. they see gross margin benefits and services. jpmorgan not as positive on networking name cisco. they moved to neutral rating with a $53 price target. it's trading at 48.10 right no it's the medium term that worries them, driven by a slow down in networking. they think that right now dell is actually better positioned to benefit from ai trends than cisco. guys. >> thanks, kristina, we've got a big guest here, holy cow. in person. >> this is hans vesper we're talking about. he is joining us right now
. >> let's get to kristina partsinevelos. >> let's start with amazon, still a top e-commerce pick accordinghey point to a resilient consumer but more so this year's size and dominance of amazon as a platform versus etsy and ebay. they believe amazon web service wills benefit from the migration to the cloud and increase in ai platform. ap apple earnings out, may 2nd, bank of america more optimistic with earnings estimates than most on the street, even though we do expect lower iphone...