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lisa su saying the market for so-called a.i. accelerator chips could hit $400 billion in just the next fuhr years. that's double the estimate she gave just in august. the comments coming as amd unveiled its hotly anticipated mi-300 chip line. shares of the company up 4% earlier in the day, but closed down over a percent. kristina partsinevelos spoke with the ceo on "overtime." she's got all the headlines. hey, kristina. >> hi, melissa. the selling off may just be sell the news kind of event. but amd actually launched two versions of their a.i. chip, the x for cloud users, the a for super computers, as well as open source software which they hope will be a great compete for nvidia. the market is growing much faster than anticipated, according to lisa su, and that's why amd doubled their tote al addressable market. with that demand, you'd expect a bump in 2024 sales estimates, but i asked su this, and she told me, they have more than enough gland to hit that $2 billion sales target, but no updates to the actual estimates just yet.
lisa su saying the market for so-called a.i. accelerator chips could hit $400 billion in just the next fuhr years. that's double the estimate she gave just in august. the comments coming as amd unveiled its hotly anticipated mi-300 chip line. shares of the company up 4% earlier in the day, but closed down over a percent. kristina partsinevelos spoke with the ceo on "overtime." she's got all the headlines. hey, kristina. >> hi, melissa. the selling off may just be sell the news...
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jensen huang and lisa su. they're from taiwan and distantly related. she's wearing leather jackets now. i like everything going on in the space. >> that was a big deal yesterday in the interview. that she had with kristina partsinevelos. bryn? >> first of all, it was reported this year both meta and microsoft purchased around 150,000 each h-100 and h-800 chips. microsoft is going to partner with amd. margins do mean revert. not surprising because lisa su and jensen huang are the two best operators that we have. there is for sure more than room for one. you will see more big companies like the microsofts, like the metas, wanting to diversify their supply lines not only with what they're creating but amd will be the winner. they have both said this is a trillion dollar data spend. we're just in the first innings. >> this is obviously the rising tide lifting the ai boats. broadcom reports its own earnings in overtime tonight. bill, you used to own it. you sold it. it's had a remarkable run up 77% over 12 months. >> the way of piecing a portfolio together
jensen huang and lisa su. they're from taiwan and distantly related. she's wearing leather jackets now. i like everything going on in the space. >> that was a big deal yesterday in the interview. that she had with kristina partsinevelos. bryn? >> first of all, it was reported this year both meta and microsoft purchased around 150,000 each h-100 and h-800 chips. microsoft is going to partner with amd. margins do mean revert. not surprising because lisa su and jensen huang are the two...
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lisa su said, we accelerated our road map too.ughts on what we got from amd. >> in august lisa su was using a 200 billion figure. she changed it now to 400 billion. nvidia has a huge software c comp component. amd doesn't have that yet. the software is used for training. as much as i applaud what lisa said, i think there's room for both. the software layer of nvidia gives them the edge, not the hardware. there they seem almost even. it's all built in when it comes to nvidia. you have to write stuff with amd. congratulations to lisa su for expanded. they need these chips. all the customers are desperate whether meta, microsoft or aws. >> whether it be amazon which takes us back to your interview with jassy. let's listen to what he had to say. >> sure. >> let me get your analysis on the other side. >> in my opinion almost all degenerative a.i. are going to be in the cloud. i think that there's going to be a huge number of -- every company will read their core customer experiences that way. >> jim? >> yeah, look, 90% is not in the cl
lisa su said, we accelerated our road map too.ughts on what we got from amd. >> in august lisa su was using a 200 billion figure. she changed it now to 400 billion. nvidia has a huge software c comp component. amd doesn't have that yet. the software is used for training. as much as i applaud what lisa said, i think there's room for both. the software layer of nvidia gives them the edge, not the hardware. there they seem almost even. it's all built in when it comes to nvidia. you have to...
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and be sure to catch first on cnbc interview with lisa su on "closing bell: overtime" at 4:30 p.m. eastern. >>> the ceos of this country's eight largest banks including brian mona haine, jamie dimon a and frazier are expected to speak before the senate banking committee later today. they'll look at how it will impact profitability. >>> and elon musk is looking to raise $1 billion for his x ai artificial intelligence company he hopes will compete with openai. in a filing with the s.e.c., the company says it's already raised $135 million, adding there's a firm agreement in place to meet that $1 billion mark, dom. >> silvana henao, thanks very much for the headlines. >>> markets are looking to reverse some of this week's losses as they reassess last week's big rally. wall street turning to the road ahead for december and what it could mean for 2024. price targets for the s&p next year range from 3,300 to 5,100 with our next guest hovering around the highest end of that spectrum. we're going to speak with craig johnson with piper sandler. he joins us now with his outlook and what's goi
and be sure to catch first on cnbc interview with lisa su on "closing bell: overtime" at 4:30 p.m. eastern. >>> the ceos of this country's eight largest banks including brian mona haine, jamie dimon a and frazier are expected to speak before the senate banking committee later today. they'll look at how it will impact profitability. >>> and elon musk is looking to raise $1 billion for his x ai artificial intelligence company he hopes will compete with openai. in a...
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. >> lisa su will be on the network giving an interview. >> yes. >> you'll be on there with that? >> yes. well, i'll be speaking with her and that will be some of the topics, the comparison, the pricing, china, export controls, given that nvidia has already warned it would significantly impact q4. amd has remained more quiet. that's because they don't do as much business with china. the specks and open source software here. and then, lastly, the partners. that's a big deal. which partners will buy amd products integrated into their systems as opposed to using nvidia. >> jensen huang is in singapore, right? what's he reacting -- has he had any reaction to this yet? >> not necessarily to this event per se, but he did comment on u.s. export controls and this is after secretary of commerce, gina raimondo, on sunday said indirectly to nvidia she would control any chips that have been rebalanced or rejigged to provide ai to china. she was pretty aggressive about that. they're working with the united states on those thresh holds, falling within the thresholds. that's what jensen is sayin
. >> lisa su will be on the network giving an interview. >> yes. >> you'll be on there with that? >> yes. well, i'll be speaking with her and that will be some of the topics, the comparison, the pricing, china, export controls, given that nvidia has already warned it would significantly impact q4. amd has remained more quiet. that's because they don't do as much business with china. the specks and open source software here. and then, lastly, the partners. that's a big...
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an enormous market opportunity, $400 billion we are hearing from lisa su.re they going to get enough of the market share? mandeep: they are focusing on inferencing rather than training. we know now all of the gpu cap -- capacity was being used to train these large language models. it is a sign that you will probably see more copilots and more chatbots being deployed. we haven't seen that yet. look at the monthly active users for the get hub copilot or the bard chatbot. really it is a big bet on inferencing taking off. right now the market is concentrated on training. that is where nvidia still has the upper hand. caroline: the exuberance is they of these things being deployed. look at gemini and the impact it is having on app for that -- having on alphabet's share price. always on the money when it comes to analysis from bloomberg intelligence. ed: coming up, we will be joined by the ceo to discuss e-commerce and direct to consumer. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhh
an enormous market opportunity, $400 billion we are hearing from lisa su.re they going to get enough of the market share? mandeep: they are focusing on inferencing rather than training. we know now all of the gpu cap -- capacity was being used to train these large language models. it is a sign that you will probably see more copilots and more chatbots being deployed. we haven't seen that yet. look at the monthly active users for the get hub copilot or the bard chatbot. really it is a big bet on...
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. >> one of the things lisa su said is the accelerated data center markets will go to $400 billion in7 , 70% kegger. that is a huge positive for a company like quanta services. if think about the data center architecture as we add more and more gpu compute, it's highly power intensive and there's more parts of our country that don't have enough electricity to accommodate these big data centers anymore so we will have a huge capex belle brickley think $160 billion of capex from utilities. that goes to $200 billion by 2028 to '29. quanta services is the beneficiary of that as the build the tnd. inverted also in a beneficiary that is changing data center markets work the architecture is being revamped. they are a parent management and thermal management company and you have an environment where these cpus run really hot and you need to change the way they are pulling. this is a key player in that market. we are gaining share and growing content. >> 24 times a look at their eem. i don't know what the historical averages on a stock like this but how would you assess that? >> we don't think
. >> one of the things lisa su said is the accelerated data center markets will go to $400 billion in7 , 70% kegger. that is a huge positive for a company like quanta services. if think about the data center architecture as we add more and more gpu compute, it's highly power intensive and there's more parts of our country that don't have enough electricity to accommodate these big data centers anymore so we will have a huge capex belle brickley think $160 billion of capex from utilities....
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lisa su sounded really good at their event and unpped that tam. nobody knows what's in the tam. if she's upping it the logic is they must feel good. they had their good day today, and it digested and people feel good. i think nvidia is still a winner. trading less than 20 times our calendar '25 estimate and so it's starting to be a would you rather nvidia under 20 or google under 20. you know, that -- there's a very similar valuations and you're like, what, what's going on? you know, i'll pick nvidia right now. >> second he derivative you would rather trade. i like what he did right there. >> how about apple and their foray into ai. will siri be something that's useful? they're kind of being left in the dust. apple's days of being the most important company of the world are over. how are you? >> you know, i think apple is perking up. i think that, in fact, that -- so they have the iphone kind of flatish, but the upgrade was solid. we all know that there's the china headwinds a little bit, but i think they're plugging along. when they come out of this quarter where they're enteri
lisa su sounded really good at their event and unpped that tam. nobody knows what's in the tam. if she's upping it the logic is they must feel good. they had their good day today, and it digested and people feel good. i think nvidia is still a winner. trading less than 20 times our calendar '25 estimate and so it's starting to be a would you rather nvidia under 20 or google under 20. you know, that -- there's a very similar valuations and you're like, what, what's going on? you know, i'll pick...
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lisa su says the architecture has faster data processing and better user experience. >>> speaking ofleasing the gemini a.i. model. it will be licensed through google cloud and power interfacing apps. >>> shares of nikola plummeting with 30million through stock sales. the stock is down more than 60% this year with the market cap of $350 million. >>> in china, exports growing for the first time in six months in november as discount pricing by factories attracts more buyers and helps slumping demand. >>> abbvie is buying cerevel therapeutics for8.7 billion. >>> elon musk's spacex is selling shares on the company valuation of $175 billion or more. bloomberg reports that spacex is discussing an offer from $500 million to $750 million and could sell shares of $95 a piece. >>> let's see how the markets are shaping up after three days of losses. futures are mixed. the dow is implied lower by 75. s&p is flat. the nasdaq higher by 35 points. joining me now is victoria fernandez. victoria, this is a market right now where it seems things are trying to broaden out. do you feel there is enough fu
lisa su says the architecture has faster data processing and better user experience. >>> speaking ofleasing the gemini a.i. model. it will be licensed through google cloud and power interfacing apps. >>> shares of nikola plummeting with 30million through stock sales. the stock is down more than 60% this year with the market cap of $350 million. >>> in china, exports growing for the first time in six months in november as discount pricing by factories attracts more...
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lizzy: that was the amd ceo lisa su with ed ludlow. i want to stay with ai. got an update coming in just a few minutes ago, the eu council is postponing its briefing on ai rules, as the talks continue to go on. for the latest, we have bloomberg's tech reporter aggi cantrill in berlin. why the delay? what's holding up these talks? >> as you can see from that headline that just crossed, these are talks that are still ongoing. this is a very contentious issue. this is been in the works in the european union since 2021, so before the latest boom in ai we saw with the unleashing of chatgpt to the wider public. this is been in the works for several years. still this debate is ongoing. this talk of 16 hours in at this point, and there is still a lot of points of contention. the scope of this negotiation is trying to establish the first comprehensive regulation for artificial intelligence in the western world. this is significant because this is something the eu is already known for. they set the gold standard for the rest of the world when it came to gdpr, when it c
lizzy: that was the amd ceo lisa su with ed ludlow. i want to stay with ai. got an update coming in just a few minutes ago, the eu council is postponing its briefing on ai rules, as the talks continue to go on. for the latest, we have bloomberg's tech reporter aggi cantrill in berlin. why the delay? what's holding up these talks? >> as you can see from that headline that just crossed, these are talks that are still ongoing. this is a very contentious issue. this is been in the works in...
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don't miss our interview with lisa su later today right here on bloomberg television.ll ahead, lauren gilchrist of newmarket explains why she thinks we are about to experience one of the most creative commercial real estate cycles in our lifetimes. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh a few years ago, i came to saona, they told me there's no electricity on the island. we always thought that whatever we did here would be an emblem of what small communities can achieve. trying to give a better life to people that don't have the means to do it. si mi papá estuviera vivo, sé que él tuviera orgulloso también de vivir de esta viviendo una vida como la que estamos viviendo ahora. es electricidad aquí es salud. vonnie: this is "bloomberg markets." i'm vonnie quinn. elevated interest rates and low office de
don't miss our interview with lisa su later today right here on bloomberg television.ll ahead, lauren gilchrist of newmarket explains why she thinks we are about to experience one of the most creative commercial real estate cycles in our lifetimes. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item...
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christina is coming back with amd's ceo lisa su on overtime. >> very good. >>> some of the biggest ceos in banking are testifying in the senate, trying to push back on new rules they say would harm the economy. leslie has the latest from washington. >> the proposal would hike capital requirements for the nation's largest banks. all of the ceos raised hands when asked if they had capital to comply with the new rules but many used prepared testimony to highlight what they see as the pit falls. republican lawmakers prodded the issue further asking how it may impact main street. here is goldman sachs ceo david solomon. >> an increase of 25% capital on the largest banks with lots of individual provisions that affect different activities i think is ultimately mune punitive to economic growth. of course we need to make the system secure. thesystem is in good shape. we have seen that under stress. that doesn't mean things can't be done on the margins but this is whole sale change that leads to problems. >> also making headlines from the hearing, jp morgan ceo jamie diamond admonishing crypto in
christina is coming back with amd's ceo lisa su on overtime. >> very good. >>> some of the biggest ceos in banking are testifying in the senate, trying to push back on new rules they say would harm the economy. leslie has the latest from washington. >> the proposal would hike capital requirements for the nation's largest banks. all of the ceos raised hands when asked if they had capital to comply with the new rules but many used prepared testimony to highlight what they see...
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the ceo there, lisa su, talking about the growth of a.i. and its potential.ten. >> the a.i. market over the last year as just exploded. right? chatgpt has really kind of changed our perspective for what generative a.i. can do. we originally thought the total market for data center a.i. accelerators would be around 150 billion as we got into 2027. now we think it's going to be over 400 billion. >> here with the story on a.m.p. is david trainer, ceo of new constructs. what do you think of a empty and why? >> hi, tyler. we think amd is obviously feeling the cyclical pressures of all the other chip companies, but the difference here is that the stock prices already pricing at a huge rebound. it's pricing in that margins and [inaudible] the company will grow revenues at 15% compounded annual for the next 15 years. we think all the new -- good news is priced in. you would pass on buying amd at this point. >> all right. what about amazon? the ceo telling mad monies jim cramer he's seeing a very resilient consumer. take a listen. >> consumers are still spending. they
the ceo there, lisa su, talking about the growth of a.i. and its potential.ten. >> the a.i. market over the last year as just exploded. right? chatgpt has really kind of changed our perspective for what generative a.i. can do. we originally thought the total market for data center a.i. accelerators would be around 150 billion as we got into 2027. now we think it's going to be over 400 billion. >> here with the story on a.m.p. is david trainer, ceo of new constructs. what do you...
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su. ♪ fresh, warm hot dogs!in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. (jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance fund investment objectives, risks, charges, expenses so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fa
su. ♪ fresh, warm hot dogs!in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. (jennifer) the...
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and you would say in the many 100 only, not this is lisa english visibility soonest on, look, pulled up with them. we use them stories like summarize, but then most of them stand up that though don't use them. so clean that switching and suing them with skills like working with the case ending he um, works from doesn't even send out. is that what the degree batch the waste by hits and even though it's very easy to use it. okay. can you find me that you've been said, which just to give sure nobody knew the one up with them suffice. oak and the loss vehicles good. the custom builders get, are you and so you wouldn't use this thing, you know? so we did these take students to go to. these are some of the employment things that chase to if i get so we could measure tamika at the beach slough shoes. gillex under kazlowski, it looks on the golf. cool about the pier, would you be okay if i sort of still bus with bus the table or the voice could was do i do see should stay on the bus. i bought a sample for the payment, but the dining room basically bus my deeply. what's chest a bed this has t
and you would say in the many 100 only, not this is lisa english visibility soonest on, look, pulled up with them. we use them stories like summarize, but then most of them stand up that though don't use them. so clean that switching and suing them with skills like working with the case ending he um, works from doesn't even send out. is that what the degree batch the waste by hits and even though it's very easy to use it. okay. can you find me that you've been said, which just to give sure...
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haidi: bloomberg's su keenan. morgan stanley cio mike wilson says u.s.ore rebounding next year. he spoke with bloomberg's lisa on his stock predictions for 2024. >> it's about stockpicking. the average stock has not done well. it's a strange year. earnings forecasts turned out to be dead right and same for the average stock. we have 30 stocks that have done well, they've done an incredible job of cost-cutting which has driven the average earnings up and away we did not project. that has been the difference and that dynamic will persist for the first two quarters meeting smaller businesses will struggle. maybe by the second half of next year we see inflation bottom out, earnings will come back. that's the trick. inflation has been coming down which is usually good for bond yields and disinflationary assets. it's not good for inflationary assets which are small-cap stocks and generally average stocks. i think that has been the trick this year. most have gotten it wrong because there are many people recommending small-cap stocks and financials and cyclicals
haidi: bloomberg's su keenan. morgan stanley cio mike wilson says u.s.ore rebounding next year. he spoke with bloomberg's lisa on his stock predictions for 2024. >> it's about stockpicking. the average stock has not done well. it's a strange year. earnings forecasts turned out to be dead right and same for the average stock. we have 30 stocks that have done well, they've done an incredible job of cost-cutting which has driven the average earnings up and away we did not project. that has...
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let's go to our reporter lisa hartle, who's outside the royal court of justice .ough this. what is this case about exactly and what happens next? it so as you were saying there, the article in question that was written in february 2022 by the mail on sunday was about prince harry's battle with the home office regarding his personal security for him and his family when in the uk. so that's what he is suing them for. >> however, today is all about the defence, the defence of the publishers associated newspapers. they say that the piece wasn't a factual news piece. it was an opinion piece. so their defence is honest opinion. now back in february this this was all heard a preliminary trial and so the judge's decision on that was given today. so the judge has ruled that he is upholding that defence and so therefore now the case can go to trial . and harry, case can go to trial. and harry, prince harry would have been hoping for the defence to have been struck out and then perhaps this wouldn't have needed to have gone to trial and both parties have perhaps parties coul
let's go to our reporter lisa hartle, who's outside the royal court of justice .ough this. what is this case about exactly and what happens next? it so as you were saying there, the article in question that was written in february 2022 by the mail on sunday was about prince harry's battle with the home office regarding his personal security for him and his family when in the uk. so that's what he is suing them for. >> however, today is all about the defence, the defence of the publishers...