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Jun 11, 2024
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>> would you think of nvidia and then everything that supplies into it, tsmc, nvidia is a tsmc customerhe suppliers to tsmc so direct plays in the sector and more indirect place. it is quite fun to be thinking not just about the direct plays but the indirect ones as well. caroline: has nvidia got too crowded? have you felt people have not looking more broadly over the ecosystem? >> it is hard to say nvidia is not known. starting from that place, would like to think who is supplying to them, who is a client of theirs, how we can play this a bit differently. caroline: where else can you play it differently? we are thinking of apple trying to play catch up when it comes to application and will use case of artificial intelligence by you and i and a consumer way, but how is it being adopted elsewhere and which companies are going to benefit? >> there is a supplier to tsmc that makes extreme ultraviolet equipment called asml that is become quite well-known but a few years ago was not. there are companies that make them ask blanks used -- make the mask blanks used to attach them to the waivers
>> would you think of nvidia and then everything that supplies into it, tsmc, nvidia is a tsmc customerhe suppliers to tsmc so direct plays in the sector and more indirect place. it is quite fun to be thinking not just about the direct plays but the indirect ones as well. caroline: has nvidia got too crowded? have you felt people have not looking more broadly over the ecosystem? >> it is hard to say nvidia is not known. starting from that place, would like to think who is supplying...
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Jun 18, 2024
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this is bloomberg. ♪ david: shows of tsmc doing quite well -- shares of tsmc doing quite well today.organ stanley. charlotte yang is here to tell us why the outlook is brighter. >> trading at a record high. we have more bullish notes coming from morgan stanley. most of them have raised the price tax but morgan stanley is about the strong demand from companies. citigroup seeing stronger earnings driven by the stronger demand. they also expect tsmc to raise its capex. david: citi or morgan stanley raised it by 10%? another stock we are tracking. >> a symbolic moment for the company also known as foxconn. the founder said in 2016 he would not retire until the stock valuation reached this level. it has been struggling because investors are not that excited. but the ai services exciting everybody. david: could hear a tire at this point? another conversation. charlotte yang, our asia equities reporter. plenty more here on "bloomberg markets: asia." you are watching bloomberg. ♪ david: here are some stories we are following around the world. lied merck putin will visit north korea this week
this is bloomberg. ♪ david: shows of tsmc doing quite well -- shares of tsmc doing quite well today.organ stanley. charlotte yang is here to tell us why the outlook is brighter. >> trading at a record high. we have more bullish notes coming from morgan stanley. most of them have raised the price tax but morgan stanley is about the strong demand from companies. citigroup seeing stronger earnings driven by the stronger demand. they also expect tsmc to raise its capex. david: citi or...
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Jun 5, 2024
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then we want to see the latest version at tsmc that pushed us higher.mixed on a show me story. coming from cisco that they are networking gear of choice getting in the likes of ai particular we are down 2.8%, worries about how much ai will add to their overall profitability in the here and now. i want to talk about ai adding to profitability on revenue in the here and now. up 11% after its numbers came out. this is clearly a sign of revenue returning to growth for the quarter. we are seeing the idea ai systems is where we see almost a billion dollars in revenue being done on the quarter. they are tripling the enterprise customer base. want to see how much margin is coming out of that. ed: that's exactly the focus of the market this morning. joining us to discuss is the hewlett-packard enterprise ceo antonio mary. i look at hpe and the stock performance and you are not getting the credit the dell or micro, i see jensen pat mike odell on the back and say if you need a scalable service solution you phone michael dell. your margins are better. are you start
then we want to see the latest version at tsmc that pushed us higher.mixed on a show me story. coming from cisco that they are networking gear of choice getting in the likes of ai particular we are down 2.8%, worries about how much ai will add to their overall profitability in the here and now. i want to talk about ai adding to profitability on revenue in the here and now. up 11% after its numbers came out. this is clearly a sign of revenue returning to growth for the quarter. we are seeing the...
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Jun 18, 2024
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they say they see tsmc has a long-term winner, lifting the broader space.ck on european semi conductors. coming up e.u. states push past opposition to pass a controversial law sparking a rift between coalition partners. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak europe. austria's climate minister back a law to restore nature. they voted in favor of the deal and joining me for more is john anger who joins us out of brussels. why is this a big deal? john: this law is a plan to restore 20% of land and sees to its original state and has become a target for those who say the green deal has gone too far. some fear this could have implications for agriculture, building because you cannot return it back to a built up state so this is one of the most controversial aspects and has found itself at the center of those pushing back. tom: there is tension in austria, how did the deal come through? john: the deal looked dead. countries were blocking it. italy, hungary, poland, nordic countries pushing back. it only needed one country to change its mind a
they say they see tsmc has a long-term winner, lifting the broader space.ck on european semi conductors. coming up e.u. states push past opposition to pass a controversial law sparking a rift between coalition partners. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak europe. austria's climate minister back a law to restore nature. they voted in favor of the deal and joining me for more is john anger who joins us out of brussels. why is this a big deal? john: this law is a plan to...
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Jun 7, 2024
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breaking news out of tsmc.r with a significant a primary -- significant primary footprint in taiwan, coming with sales in taiwanese dollars of $29 billion. we got news from tsmc yesterday in terms of an upgrade and buyback story. the details on this may sales of 200 29 billion taiwanese dollars versus what we saw this time last year, 176. significant growth in sales year on year for the month of may from tsmc. this is an essential manufacturer of chips and benefiting from that demand around ai accelerating, the kind of chips built and designed by the likes of nvidia. elections are underway. the european parliament. a vote will help set the policy direction of the eu for the next five years. the netherlands, ireland and the czech republic are voting today with the remainder of the 27 nations pulling over the weekend. let's turn to stephen in brussels. >> good morning. the political landscape of the european union will shift in the next couple days as voters pick who will represent them in the european parliament
breaking news out of tsmc.r with a significant a primary -- significant primary footprint in taiwan, coming with sales in taiwanese dollars of $29 billion. we got news from tsmc yesterday in terms of an upgrade and buyback story. the details on this may sales of 200 29 billion taiwanese dollars versus what we saw this time last year, 176. significant growth in sales year on year for the month of may from tsmc. this is an essential manufacturer of chips and benefiting from that demand around ai...
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Jun 6, 2024
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, and nvidia has acknowledged the value of tsmc's foundry business, likely to raise fees, and they talked about share buybacks. that announcement came in today. this is what we are seeing in tech. we have been keeping a close watch on central-bank action after the bank of canada, the first of the g7's, to cut, sending that message that we are ok with going ahead of the fed. the ecb's next, expected to cut, but be on the decision later today, that is really not so clear. paul: thank you. let's get more on that upcoming ecb decision and get over to our executive editor. mark, the ecb has been pretty clear about telegraphing this likely cut that we are going to get later today, but as mentioned, and what? is it going to be back to back cuts or a breather? mark: yeah, it is all about the guidance. the cut is fully priced. it is whether the ecb provides quality on their rate cutting path from here. i think the market might be disappointed. the majority of the fund managers i have spoken to, and notes from the south side seem to be hoping that the ecb will provide that clarity about what their
, and nvidia has acknowledged the value of tsmc's foundry business, likely to raise fees, and they talked about share buybacks. that announcement came in today. this is what we are seeing in tech. we have been keeping a close watch on central-bank action after the bank of canada, the first of the g7's, to cut, sending that message that we are ok with going ahead of the fed. the ecb's next, expected to cut, but be on the decision later today, that is really not so clear. paul: thank you. let's...
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Jun 17, 2024
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of buying tsmc shares while shorting listings. share served about -- research about 10% more than they have in taiwan. looking at flows for hyg attract junk bonds. fascinating play in the equity market on what is happening in the bond market. look at the one-month flow of nearly 1.3 billion worth of net blows. really detracting from that bleed we've seen in the last couple of years, certainly over one year step definitely over three years. even this year alone. you do have that rally when you see those expectations for interest rate cuts rising. you have kkr send credit investors are focusing too much on spreads, missing out on bargains further down the credit rating spectrum. they are looking at those triple c bonds. joining me now from san francisco is chris sheldon out with a note today, one of the most red on the bloomberg terminal. if you look at what investors are missing, a lot of people concerned you're just not getting value because of where spreads are right now. what do you tell them? >> i think a lot of people are too
of buying tsmc shares while shorting listings. share served about -- research about 10% more than they have in taiwan. looking at flows for hyg attract junk bonds. fascinating play in the equity market on what is happening in the bond market. look at the one-month flow of nearly 1.3 billion worth of net blows. really detracting from that bleed we've seen in the last couple of years, certainly over one year step definitely over three years. even this year alone. you do have that rally when you...
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Jun 25, 2024
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, and not only tsmc, but their emerging business group where they say, ok, you're just starting out,n help you scale this product. what's that experience been like? >> it's a pleasure to work with. working on their noticed, one of their state-of-the-art processes, same one nvidia is making their blackwell. and we're building a very big chip. that is a complicated kind of chip to build. ed: in blackwell's case, they literally split it in two. >> for blackwell, normally what happens in chips, as you move from generation to generation, you move to a more advanced kind of chip technology. from the h100, they moved from seven to five nanometer. but that's changed. they couldn't move to the new technology for the blackwell chips. and as a result, they had to put two of them together. if you look at the progress of g.p.u.'s over the past four or five years, they haven't gotten better, they've just gotten bigger. performance per area has stayed constant. ed: you are an incredibly confident founder, co-founder, c.e.o. it's a pleasure to have you on the program. you are clearly ambitious. the
, and not only tsmc, but their emerging business group where they say, ok, you're just starting out,n help you scale this product. what's that experience been like? >> it's a pleasure to work with. working on their noticed, one of their state-of-the-art processes, same one nvidia is making their blackwell. and we're building a very big chip. that is a complicated kind of chip to build. ed: in blackwell's case, they literally split it in two. >> for blackwell, normally what happens...
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Jun 19, 2024
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there are loopholes to limit china's access to the plans like we know tsmc's building plants in arizona, but this would impact companies like intel that are having facilities in the united states and are potentially taking money under the chips and signs zach from federal grants. it would not include plants with these companies overseas, so in taiwan, japan or elsewhere. another step of the controls by the biden administration. paul: chief north asian correspondent stephen engle. our next guest growth stocks is one of her top conviction calls. let's bring in stephanie, apex eil at deutsche bank private bank. if we are going to talk about growth stocks, talking about nvidia, the world's biggest company. shares cheaper than apple, cheaper than microsoft. how much more upside is there? do have a price target for nvidia? kwuex good morning, paul. i would surprised not to get that question as this the talk of the town the whole morning already. in terms of a specific price target, i'm not here to talk about single stocks, but i could tell you that we have just updated higher our u.s. equitie
there are loopholes to limit china's access to the plans like we know tsmc's building plants in arizona, but this would impact companies like intel that are having facilities in the united states and are potentially taking money under the chips and signs zach from federal grants. it would not include plants with these companies overseas, so in taiwan, japan or elsewhere. another step of the controls by the biden administration. paul: chief north asian correspondent stephen engle. our next guest...
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Jun 6, 2024
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the chip demand story is higher in asia with tsmc is moving higher on the back of the all that news.hat is all really meant that tech counters are the ones to look out for in this market play whether it is stateside or this side. the ftse 100 is up .25% to the good. on the fx, the yen strengthening to 155 as well. now it has eased off a bit. dollar strength peaking when it comes to the currency. euro-dollar is unmoved for now as we head to the ecb decision. european yields have come off a lot of late. we have been looking at these and where they would go. the benchmark out of europe, the 10-year bund is 2.52. still trying to reflect that cut in interest rates anticipated for today, but what about the future runway of these cuts? whatever the ecb does today, it is sure to have an outsized impact on the markets. silvia is joining us live from the barclays trading floor in london. could the moves be drastic depending on the future of the rate path, silvia? >> reporter: there is still a lot to expect later on today and this will have different impacts across the asset classes. let's disc
the chip demand story is higher in asia with tsmc is moving higher on the back of the all that news.hat is all really meant that tech counters are the ones to look out for in this market play whether it is stateside or this side. the ftse 100 is up .25% to the good. on the fx, the yen strengthening to 155 as well. now it has eased off a bit. dollar strength peaking when it comes to the currency. euro-dollar is unmoved for now as we head to the ecb decision. european yields have come off a lot...
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Jun 12, 2024
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the announcement tsmc just made in arizona will be to build two nanometer and three nanometer stuff. >> it makes it essential for us to defend the south china sea and taiwan, not just one place. would you agree? sec. raimondo: i would agree. >> on the chips issue, we are finding chips from north korean drones being used by russia to attack ukraine have american ships in them, so what is bis doing to stop that flow? it appears they can use what we think are harmless commercial grade chips to use for legal purposes around the world at a time that very much looks like 1940. can we be doing more or are you doing all of you can and some just slip through? what do you think? sec. raimondo: a few things. the fact that they have to use chips from breast pumps and refrigerators, which is what they are doing, is because our initial controls worked. we are denying this sophisticated stuff, which has slowed them down usually, which is what they are doing. they're having to rely on iran and china to do this. that is not good news, but it is what it is. we are doing everything we know how to do hi
the announcement tsmc just made in arizona will be to build two nanometer and three nanometer stuff. >> it makes it essential for us to defend the south china sea and taiwan, not just one place. would you agree? sec. raimondo: i would agree. >> on the chips issue, we are finding chips from north korean drones being used by russia to attack ukraine have american ships in them, so what is bis doing to stop that flow? it appears they can use what we think are harmless commercial grade...
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Jun 18, 2024
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that includes $8.5 billion in grants to intel, more than $6 billion in grants to each of tsmc, samsung and micron and lawmakers are really heavily scrutinizing this program. there are already some guard rails on how companies that receive federal funding can proceed in china. they can't have significant expansionings of their facilities -- expansions of their facilities there but law makers are looking at chinese equipment that might wind up in u.s. facilities. this new bill that was just introduced this morning would seek to ban any companies that receive federal funding from buying chinese tools for their u.s. factories. >> how realistic is it that intel, that tsmc are receiving, taking goods and equipment from china at the moment, there's also other countries listed in your story, russia, north korea, iran, but really china's the one we're most likely to see equipment come from. >> that's right. so in every semiconductor export control measure sort of targets a handful of foreign adversaries but this really is about china. it's a great question. the u.s., japan and the netherlands d
that includes $8.5 billion in grants to intel, more than $6 billion in grants to each of tsmc, samsung and micron and lawmakers are really heavily scrutinizing this program. there are already some guard rails on how companies that receive federal funding can proceed in china. they can't have significant expansionings of their facilities -- expansions of their facilities there but law makers are looking at chinese equipment that might wind up in u.s. facilities. this new bill that was just...
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Jun 6, 2024
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that's according to a source familiar with the matter because tsmc has operations in the united states it comes under the department of justice's jurisdiction even though it's based in taiwan. that signals that the u.s. government investigative effort will be focused on hardware and chip piece of the industry as well as the software and large language model side of the industry. according to the terms under discussion in this deal, the doj will take the lead on investigating whether nvidia has violated antitrust laws and the ftc will lead examinations of open ai and microsoft. what is unknown is what evidence, if any the federal government would suggest violations of the law and all of that work still a long way off and this is dividing off the turf between the regulators and the law enforcement side. >> in the case of nvidia, i guess they would defend themselves by saying we just had a better product. >> that's typical, we got to the top because we're the best and you're penalizing us for being so good at what we do. what the government will look at here is anticompetitive behaviors d
that's according to a source familiar with the matter because tsmc has operations in the united states it comes under the department of justice's jurisdiction even though it's based in taiwan. that signals that the u.s. government investigative effort will be focused on hardware and chip piece of the industry as well as the software and large language model side of the industry. according to the terms under discussion in this deal, the doj will take the lead on investigating whether nvidia has...
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Jun 12, 2024
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eventually, tsmc will need 6000 workers to operate their three fabs.n says they're piloting the state's first registered apprenticeship in semiconductors to build their own pipeline. greg: the apprenticeship will reach into those high schools and bring in people from all those different pathways that may not have ever thought about being in the semiconductor industry. stephanie: competing for skilled workers has been described in the region as a sort of arms race, but it's also a renaissance, not only for the u.s. semiconductor industry, but for people like tarji borders. tarji: my nine year old was on the phone with one of her friends, and i heard her say, you know, your phone and your computer. my mom makes the chips, it just warmed my heart because she was so proud to tell her friend about what her mom does. so that was really cool. stephanie: borders is now working toward a master's degree and hopes to one day become a manufacturing engineer. for the pbs newshour, i'm stephanie sy in chandler, arizona. ♪ amna: remember there's a lot more online inc
eventually, tsmc will need 6000 workers to operate their three fabs.n says they're piloting the state's first registered apprenticeship in semiconductors to build their own pipeline. greg: the apprenticeship will reach into those high schools and bring in people from all those different pathways that may not have ever thought about being in the semiconductor industry. stephanie: competing for skilled workers has been described in the region as a sort of arms race, but it's also a renaissance,...
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Jun 6, 2024
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and i'm also told that the department of justice will look at taiwanese chip maker tsmc, if there ist also according to a source familiar there. now, because tsmc has operations in the united states, it does come under the department of justice's jurisdiction for those pieces of the business, even though it's based in taiwan. all of that signals that the u.s. government investigative effort will be focused on both the hardware and chip piece of the industry, as well as the software and large language model side of the industry. and according to the terms of the deal that are under discussion between the doj and the ftc, doj is going to take the lead on investigating whether nvidia has violated any anti-trust laws and the ftc will lead examinations of openai and microsoft. now, melissa, what's still unknown is what evidence, if any, the federal government would be able to produce to suggest any violations of the law by any of those companies. all of that work still a long way off here. what looks like is going on here is maybe an effort to stave off a classic washington turf war. both
and i'm also told that the department of justice will look at taiwanese chip maker tsmc, if there ist also according to a source familiar there. now, because tsmc has operations in the united states, it does come under the department of justice's jurisdiction for those pieces of the business, even though it's based in taiwan. all of that signals that the u.s. government investigative effort will be focused on both the hardware and chip piece of the industry, as well as the software and large...
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Jun 13, 2024
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though it is the number one chipmaker, it has been trying to catch up with tsmc were companies manufacturedesign chips. samsung expresses ai related list expand fivefold by 2028 with revenue increasing nine times over current levels. broadcom shares jumped after the annual forecast topped estimates on the back of robust ai demand. the company which is a chip supplier to apple sees full-year sales that $51 billion, marginally higher than the average analyst estimates. they expect total sales to come in at more than $11 billion. coming up, a conversation about the how the tech industry is changing the world of money laundering and organize crime. we will hear from investigative journalists, geoff white, next. this is bloomberg. ♪ joumanna: welcome back to "bloomberg daybreak europe." for as long as there have been money, there have been people eager to steal and launder it. authorities are plan catch up with sophisticated criminals online. let's go back to tom mackenzie. tom: thank you. we are pleased to be joined by geoff white, the author of "the lazarus heist." now the story in the detail
though it is the number one chipmaker, it has been trying to catch up with tsmc were companies manufacturedesign chips. samsung expresses ai related list expand fivefold by 2028 with revenue increasing nine times over current levels. broadcom shares jumped after the annual forecast topped estimates on the back of robust ai demand. the company which is a chip supplier to apple sees full-year sales that $51 billion, marginally higher than the average analyst estimates. they expect total sales to...
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Jun 11, 2024
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outlier, tsmc after its sales are seen as positive and good hope to hit the top end of the guidance for the current order. as i say it is risk off. it is really looking into those key events later this week all. quick thank you. let's get some more on the trading day so far. as avril was saying, risk off marcus to some degree are going sideways. one does get the sense that traders are waiting for something. >> they don't seem to be waiting very much in the hong kong markets. they seem to be in a pretty foul mood today. that is partly a continuation of some of the themes such as property that have been going on for some time but also the huge company ccl is not even listed in hong kong but it is widely held by portfolio managers. people are looking to make up the losses elsewhere. that is part of the reason why you have seen this as heavyweight. this is all come before even as the fed starts to speak. there is the risk that the fed would be more hawkish. this is an ideal opportunity for them to really get it down to one dot plot on the current three. the reason why they would be more con
outlier, tsmc after its sales are seen as positive and good hope to hit the top end of the guidance for the current order. as i say it is risk off. it is really looking into those key events later this week all. quick thank you. let's get some more on the trading day so far. as avril was saying, risk off marcus to some degree are going sideways. one does get the sense that traders are waiting for something. >> they don't seem to be waiting very much in the hong kong markets. they seem to...
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already flying to the ground, so the americans are ready to fight for the technologies that are there, tsmc it is easier for them to destroy them, well, they in fact, they will wait, because china is a world factory, today both industrial and intellectual in the field of high technology, because here the united states is losing, well, on... in fact, these are the classics of american geopolitical and geostrategic thought, both kissinger and brzyzinski argued that in no case should the united states conduct a confrontation against russia and china at the same time, which unites russia and china together, because a united eurasia is being formed, which overlaps the united states in its resource potential . well, that was not the case, the biden administration is showing the wonders of strategic myopia, pursuing exactly this policy, just here the day before. countries with sufficient territory, opportunity and motivation to offer a vision of the world that is different from that offered by the united states and a number of our allies, so we will continue to offer our vision of the world to con
already flying to the ground, so the americans are ready to fight for the technologies that are there, tsmc it is easier for them to destroy them, well, they in fact, they will wait, because china is a world factory, today both industrial and intellectual in the field of high technology, because here the united states is losing, well, on... in fact, these are the classics of american geopolitical and geostrategic thought, both kissinger and brzyzinski argued that in no case should the united...
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Jun 4, 2024
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there have been a lot of examples, like tsmc, supposedly the americans don't want to work for long hourstop of mind for them ohthere, south korea, taiwan, ty have the criminal background. every -- cre creme. but that's not the case here. i had a conversation with a young ge8tleman doing a phd in science at purdue, born and raised in■ taiwan. why study here? worklife balance is important to me, i don't want to work in taiwan where they just assume you will work there for the rest of your life. even the taiwanese are coming here because they have like different things. that's a real challenge. the question to you is, are we ready to meet the workforce challenge? seems like a pretty big deal. michael: i think it's an interesting dichotomy that i perceive. of course, it's a new industry essentially from edge. you've got to roll up your sleeves and get it done. work with local institutions, community colleges coming, workforce organizations to build the pipeline. the good news about them as they take a while to build them, so while you are doing that you can builatnd we as a government have a
there have been a lot of examples, like tsmc, supposedly the americans don't want to work for long hourstop of mind for them ohthere, south korea, taiwan, ty have the criminal background. every -- cre creme. but that's not the case here. i had a conversation with a young ge8tleman doing a phd in science at purdue, born and raised in■ taiwan. why study here? worklife balance is important to me, i don't want to work in taiwan where they just assume you will work there for the rest of your life....
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Jun 7, 2024
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tsmc is getting a boost from the artificial intelligence rally. the cup the reporting made sales rose 30% to 7.1 billion dollars. tsmc's exclusive manufacturing of nvidia's most advanced ai accelerators and also makes semiconductors for apple and amd, which is nvidia's closest competitor. emerging from us slump, strong orders of global chips which would be a boon for tsmc. that is your bloomberg brief. jonathan: up next, a hawkish call. >> domestic price pressures remain strong as wage growth is elevated and inflation is likely to stay above target well into next year. jonathan: how can he make it as boring as you possibly can after you have just cut interest rates. lisa: i was looking at her necklace because i missed it. jonathan: i will shoot you over a picture in a moment. large and in charge. live from new york on this payrolls friday, good morning. ♪ the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few click
tsmc is getting a boost from the artificial intelligence rally. the cup the reporting made sales rose 30% to 7.1 billion dollars. tsmc's exclusive manufacturing of nvidia's most advanced ai accelerators and also makes semiconductors for apple and amd, which is nvidia's closest competitor. emerging from us slump, strong orders of global chips which would be a boon for tsmc. that is your bloomberg brief. jonathan: up next, a hawkish call. >> domestic price pressures remain strong as wage...
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can patch up to where they are and nobody has a capital build the chips it's going to depend on where tsmcs if they take a bigger cut of the chip manufacturing that's only thing nvidia has walking. stuart: you were in the middle of it, think of for joining us. lauren is looking at the movers, one mover is autodesk. >> is number one on s&p 500 with 9% gain. it is updated the market they had a probe into their accounting it is over and they don't have to restate financials, that is good news in the preliminary first quarter will talk previous estimates. stuart: jetblue i'm intrigued it is at $5 a share, up 4%. >> the airlines are higher because of this because they expect lower cost, think you will coming down in revenue will decline in the first quarter by less than they thought, they are crediting, things can be bad but not as bad as you thought, travel demand is still healthy. >> thank you very much, best buy. >> a double upgrade at city is only upon present but city says buy the shares go from cell to a buy a double upgrade in the price moving to $100 because of artificial intelligence i
can patch up to where they are and nobody has a capital build the chips it's going to depend on where tsmcs if they take a bigger cut of the chip manufacturing that's only thing nvidia has walking. stuart: you were in the middle of it, think of for joining us. lauren is looking at the movers, one mover is autodesk. >> is number one on s&p 500 with 9% gain. it is updated the market they had a probe into their accounting it is over and they don't have to restate financials, that is good...
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Jun 7, 2024
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. >>> and tsmc sales grow by 30% in may. >>> and docusign raises full-year guidance and buying back $1ew over the commercial real estate loans. the agency says it is concerned about the banks' as setset quality. >>> saudi arabia set to raise over $11 billion after pricing the aramco price offering at the low end. >>> and let's see how today is shaping up ahead of the jobs report. look at futures right now. you can see it has been mixed all day. the s&p is flat. the dow is opening 20 points lower. joining me now is delano sapuro. >> good morning, frank. >> markets close to highs on the aye a.i. trade. how do you see today shaping up? what is your "wex" word of the day? >> the word of the day is pl plateau. i think the market is looking for any nugget and taking that as a sign. if i'm looking at any areas of the market to be frothy, the investors need to be patient. >> you are watch withing out fo frothiness. you are not bullish on nvidia at this levels. the forward pe is down from where it was a year ago. why now are the valuation in your mind too high? before when it was higher, invest
. >>> and tsmc sales grow by 30% in may. >>> and docusign raises full-year guidance and buying back $1ew over the commercial real estate loans. the agency says it is concerned about the banks' as setset quality. >>> saudi arabia set to raise over $11 billion after pricing the aramco price offering at the low end. >>> and let's see how today is shaping up ahead of the jobs report. look at futures right now. you can see it has been mixed all day. the s&p is...
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Jun 6, 2024
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tsmc is rallying to a record high today. morgan stanley expects it to raise fees. nvidia recently acknowledged the value of its foundry services and announced a share buyback today. we have seen a buoyant move coming through on this chip stock. we have been keeping a close watch on what's happening in india of course. after the initial shock from the election results. the dust seems to be settling a bit. the rupee is weakening still even on a day where we're seeing a softer u.s. it is helping the rupiah which yesterday plunged to a four-year low against greenback. even though we're seeing gains today it is pairing them after a boj board member, the setting seem to be appropriate. it seems like that is causing investors to adjust the expectations of what we get out of the boj. tom: thank you very much indeed. staying on the central bank story, the ecb expected to kick off etc. rate cutting cycle today before the federal reserve for the first time ever. despite a bumpier reteat from price growth caress teen lagarde said inmedication that is under control. let's go to
tsmc is rallying to a record high today. morgan stanley expects it to raise fees. nvidia recently acknowledged the value of its foundry services and announced a share buyback today. we have seen a buoyant move coming through on this chip stock. we have been keeping a close watch on what's happening in india of course. after the initial shock from the election results. the dust seems to be settling a bit. the rupee is weakening still even on a day where we're seeing a softer u.s. it is helping...
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Jun 24, 2024
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export restrictions on manufacturing work would be outsourced to tsmc and taiwan.ytedance working to develop an advanced ai chip with broadcom. plenty more ahead. this is bloomberg. ♪ the promise of this nation should extend to all from new york to new mexico, from alaska to alabama. but right now, people like you are losing their freedoms. some in power are suppressing voting rights. banning our kids books from libraries and attacking our right to make private health care decisions. we must act now to defend these freedoms and protect our democracy. and we can't do it without you. we are the american civil liberties union, and we're asking you to join us in protecting our democracy at the national level and in communities like yours. call or go online to myaclu.org to become a guardian of liberty today. your gift of just $19 a month. only $0.63 a day will help ensure that together we can continue to fight for the freedoms of all americans, no matter your zip code. if you also believe in the right to vote, the right to free speech, the right to learn, the right to
export restrictions on manufacturing work would be outsourced to tsmc and taiwan.ytedance working to develop an advanced ai chip with broadcom. plenty more ahead. this is bloomberg. ♪ the promise of this nation should extend to all from new york to new mexico, from alaska to alabama. but right now, people like you are losing their freedoms. some in power are suppressing voting rights. banning our kids books from libraries and attacking our right to make private health care decisions. we must...
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Jun 3, 2024
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there have been a lot of examples, like tsmc, supposedly the americans don't want to work for long hourse and -- taiwanians do. that was top of mind for them , taiwan, they have the criminal background. every -- creme de la creme. but that's not the case here. i had a conversation with a young gentlen doing a inscienced raised in taiwan. why study here? worklife balance is important to me, i don't want to work in taiwan where they just assume you willork there for the rest of your life. even the taiwanese are coming here because they have like different things. that's a real challenge. the question to you is, are we ready to meet the workforce challenge? seems like a pretty big deal. michael: i think it's an interesting dichotomy that i perceive. one is yes, of course, it's a new industry essentially from scratch on the leadi edge. you've got to roll up your sleeves and get it done. work with local institutions, community colleges coming, workforce organizations to build the pipeline. the good news about them as they take a while to build them, so while you are doing that you can build t
there have been a lot of examples, like tsmc, supposedly the americans don't want to work for long hourse and -- taiwanians do. that was top of mind for them , taiwan, they have the criminal background. every -- creme de la creme. but that's not the case here. i had a conversation with a young gentlen doing a inscienced raised in taiwan. why study here? worklife balance is important to me, i don't want to work in taiwan where they just assume you willork there for the rest of your life. even...
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Jun 6, 2024
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i'm told the department of justice will look at taiwanese chipmaker tsmc in any upcoming investigation according to a source familiar with the matter. operations under the united states, comes under the department of justices jurisdiction signaling the effort is focused and hardware and ship piece of the industry as well as software and large language model side of the thing. according to are the terms under discussion, doj will take the lead on investigating whether nvidia violated any antitrust laws and ftc will lead examinations of openai and microsoft. unknown in all this what evidence, if any the federal government would produce suggest violations of the law happened here. all of that a long way off. scott, the way to think of this is we see turf wars in washington all the time. this appears to be an attempt to prevent the turf war between the ftc and doj. carving up the different turf in advance of any investigation. see if that works. >> seems like every piece, though, of the government perhaps wants a little piece of big tech. we'll see. >> yeah. >> what they get out of it, if
i'm told the department of justice will look at taiwanese chipmaker tsmc in any upcoming investigation according to a source familiar with the matter. operations under the united states, comes under the department of justices jurisdiction signaling the effort is focused and hardware and ship piece of the industry as well as software and large language model side of the thing. according to are the terms under discussion, doj will take the lead on investigating whether nvidia violated any...
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Jun 3, 2024
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all this bodes well for manufacturer tsmc. shares up 2% because of this continuous cycle.md ceo also promising a one-ship per year timeline with their new gpu available in q4 2024. newer gpus set to be released in 2025 and to 26. significantly better at infrancing. amd, they announced the third or their third generation ai-pc processors going on sale this july, directly competing with intel and qualcomm ai-pc. qualcomm on the market already. shares down 2.5% today. not reacting the same way as nvidia because the pressure is on for amd to provide the shorter product timeline. something they haven't promised in nvidia has in the past. there will be a lot of pressure on them. that's for sure. >> looks like that wi. christina, thank you. we'll come back in just a bit. joining me now with more, alex, big technology. good to see you here at post nine. feels like amd's biggest problem is it's not nvidia. no matter what they do, it doesn't seem to allow them to have any sort of reaction like n jade gets. nvidia announces something new, stock goes up a lot. amd announces something
all this bodes well for manufacturer tsmc. shares up 2% because of this continuous cycle.md ceo also promising a one-ship per year timeline with their new gpu available in q4 2024. newer gpus set to be released in 2025 and to 26. significantly better at infrancing. amd, they announced the third or their third generation ai-pc processors going on sale this july, directly competing with intel and qualcomm ai-pc. qualcomm on the market already. shares down 2.5% today. not reacting the same way as...
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Jun 6, 2024
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one item that has not been reported so far is that likely to be included here is taiwanese chipmaker tsmcment of justice's per view in any upcoming investigation. i'm told according to a source familiar. because tsmc has operations in the united states, it comes under the department of justice's jurisdiction here, even though it is based in taiwan. that signals that the u.s. government investigative effort will be focused on the hardware and shift piece of the industry as well as the software and large language model side of this vast emerging industry. according to terms under discussion, doj will take the lead on investigating whether nvidia has violated any antitrust laws and the ftc will lead examinations of openai and microsoft. now altogether, this broad agreement sets the table for a sweeping biden administration inquiry into the ai industry which has been seen as being dominated by a small group of some of the largest tech companies. one piece of color for you, guys, the two figures at the head of these agencies, were together in person on tuesday, at cnbc's ceo council event in w
one item that has not been reported so far is that likely to be included here is taiwanese chipmaker tsmcment of justice's per view in any upcoming investigation. i'm told according to a source familiar. because tsmc has operations in the united states, it comes under the department of justice's jurisdiction here, even though it is based in taiwan. that signals that the u.s. government investigative effort will be focused on the hardware and shift piece of the industry as well as the software...
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Jun 20, 2024
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>> so, one of my favorite names over the last couple of years has been tsmc. supplier to the supplier, who is a supplier to the world. so, you know, i think it's really interesting name and, in matter, because i think it's one of the most strategic businesses on this planet. and, you know, there's a lot of geopolitical tension and geopolitical noise around it. if taiwan gets attacked by china, we have bigger issues than owning tsm. >> so, you told our production team that you watched the interview we did yesterday with keith meister and you agreed with a lot of what he said. specifically what stuck out to you that you said, you know what, i agree with that point of view, because he addressed the market, suggested rate cuts could not be good for stocks because they would happen for the wrong reason, he's been buying the energy trades, utilities, and also spoke about nvidia. what specifically -- >> i feel like he took a lot of the words out of my mouth in that the fed can't cut, so it's higher for longer. i've been saying that for quite a few years. he talked ab
>> so, one of my favorite names over the last couple of years has been tsmc. supplier to the supplier, who is a supplier to the world. so, you know, i think it's really interesting name and, in matter, because i think it's one of the most strategic businesses on this planet. and, you know, there's a lot of geopolitical tension and geopolitical noise around it. if taiwan gets attacked by china, we have bigger issues than owning tsm. >> so, you told our production team that you...
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Jun 26, 2024
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we see tsmcs sold out for over the next year, almost two years now. that demand is very clear.pm memory from micron growing. and that's all in effect of the amount of demand these hyperscalers and of course these largest enterprises have for nvidia hardware. i, like you, have this one concern. and this one concern is that consumption layer. who is buying and using and getting productivity and value out of all of this a.i.? where are these enterprise use cases that jensen talked about? and can we start to talk about them at scale and how they're delivering value to pharmaceutical companies, to retailers, home builders? i think we're seeing the sell no the hyperscalers, and there's not a lot of risk there. but the consumption layer is where i'm watching very closely. >> that's very interesting because it seems like what you're saying is that here is a product, these gpu chips -- here is a product that has immense potential, but the question is, do the consumers of the product really know how to use it? and more importantly how to monetize it either through efficiencies or growth?
we see tsmcs sold out for over the next year, almost two years now. that demand is very clear.pm memory from micron growing. and that's all in effect of the amount of demand these hyperscalers and of course these largest enterprises have for nvidia hardware. i, like you, have this one concern. and this one concern is that consumption layer. who is buying and using and getting productivity and value out of all of this a.i.? where are these enterprise use cases that jensen talked about? and can...
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Jun 24, 2024
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chip, reuters says it'll be manufactured by tsmc, developed and designed by broad calm and bytedance,edance needs chips to power its algorithm, not just for tiktok but for the chapel in china and the chip would reportedly be in compliance with the expert restriction. stuart: tesla anna potus of elon musk's pay package that are butting heads, what is the latest on this. >> stock is up 2%, the judge has to approve this, the shareholder vote to give him the pay package, tesla says delaware judge kathleen mccormick should but opponents say take this all the way to the delaware supreme court, the judge needs to determine the legal fees for the shareholder who sued, he originally wanted 5 million worth of tesla, maybe he should get 1 billion but i think the catalyst for the company this is why the stock is up to present, the second-quarter delivery numbers the big august robo tax event, that is the future of tesla, dan ives thanks this is a stock that could double in the next 12 - 18 months because it's an a.i. play, tesla's artificial intelligence and artificial intelligence to tesla would
chip, reuters says it'll be manufactured by tsmc, developed and designed by broad calm and bytedance,edance needs chips to power its algorithm, not just for tiktok but for the chapel in china and the chip would reportedly be in compliance with the expert restriction. stuart: tesla anna potus of elon musk's pay package that are butting heads, what is the latest on this. >> stock is up 2%, the judge has to approve this, the shareholder vote to give him the pay package, tesla says delaware...
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Jun 3, 2024
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it is still going to be tsmc. there will be constraints on the supply there. the next three years, so they are in a powerful position. jonathan: one of the best functions on the bloomberg terminal -- anr. you can take things back to where we were at the start of the year, so let's do that. the start of the year, the stock is in the 490's. here is the consensus 12 month price target for this stock -- 654. that was only at the start of january. have just had a street hi estimate from bank of america of 1500. the reason i am talking about this is, yes, this company keeps performing and outperforming and over delivering. but the consensus now is 1195. the question we have to ask is why the southside has struggled to keep up with this, why this is moved so quickly that so most analysts, who were employed to watch stuff like this and know better than i was where this is going -- why is this moving so much faster than everybody believed, even the most bullish analysts on the street? alex: fundamentally because it was incredibly difficult to predict the level of deman
it is still going to be tsmc. there will be constraints on the supply there. the next three years, so they are in a powerful position. jonathan: one of the best functions on the bloomberg terminal -- anr. you can take things back to where we were at the start of the year, so let's do that. the start of the year, the stock is in the 490's. here is the consensus 12 month price target for this stock -- 654. that was only at the start of january. have just had a street hi estimate from bank of...
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Jun 19, 2024
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tsmc inching toward its own milestone. $1 trillion.ing from the chain. tsmc is one of the three most major chipmakers, around the world based in taiwan. apple has been its biggest client for the past decade but nvidia is one of its biggest clients these days. in europe, we have asml. they supply chipmaking equipment to tsmc. romaine: >> that news digested by markets. the stoxx 600 lower .1%. this is bloomberg. ♪ think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military f
tsmc inching toward its own milestone. $1 trillion.ing from the chain. tsmc is one of the three most major chipmakers, around the world based in taiwan. apple has been its biggest client for the past decade but nvidia is one of its biggest clients these days. in europe, we have asml. they supply chipmaking equipment to tsmc. romaine: >> that news digested by markets. the stoxx 600 lower .1%. this is bloomberg. ♪ think about it. boring is the unsung catalyst for bold. what straps bold to...
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Jun 9, 2024
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there have been a lot of examples, like tsmc, supposedly the americans don't want to work for long hours that the taiwan he and -- taiwanians do. that was top of mind for them there, south korea, taiwan, they have the criminal background. every -- creme de la creme. but that's not the case here. i had a conversation with a young gentleman doing a phd in science at purdue, born and raised in taiwan. why study here? worklife balance is important to me, i don't want to work in taiwan where they just assume you will work there for the rest of your life. even the taiwanese are coming here because they have like different things. that's a real challenge. the question to you is, are we ready to meet the workforce challenge? seems like a pretty big deal. michael: i think it's an interesting dichotomy that i perceive. one is yes, of course, it's a new industry essentially from scratch on the leading edge. you've got to roll up your sleeves and get it done. work with local institutions, community colleges coming, workforce organizations to build the pipeline. the good news about them as they take
there have been a lot of examples, like tsmc, supposedly the americans don't want to work for long hours that the taiwan he and -- taiwanians do. that was top of mind for them there, south korea, taiwan, they have the criminal background. every -- creme de la creme. but that's not the case here. i had a conversation with a young gentleman doing a phd in science at purdue, born and raised in taiwan. why study here? worklife balance is important to me, i don't want to work in taiwan where they...
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Jun 18, 2024
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arm, tsmc, other aspects of the infrastructure build-out and much more skepticism around the sort ofthe benefits of widespread adoption of ai and the question, carl, about what is the return on investment of all those ai dollars. that i think is the big question and remains to be answered but you'll start to see that in the next couple quarters if there's not some evidence that there's been -- there's a return on this money, i think a lot of investors will start to ask is it a real story there? >> you think patience is a couple quarters? that's when the market gets to -- >> you would like to see some evidence of that. if you think about it, it's a political season so you think about gary hart and the comment about where is -- and walter, "where's the beef?" people want to see some evidence. there's a huge amount of capital that's been directed towards this investment. if there's a return, great. >> is that the biggest risk to the market, that ai return on investment disappoints? >> fundamentally i would say that's a significant risk that we think about. tactically, that's the electio
arm, tsmc, other aspects of the infrastructure build-out and much more skepticism around the sort ofthe benefits of widespread adoption of ai and the question, carl, about what is the return on investment of all those ai dollars. that i think is the big question and remains to be answered but you'll start to see that in the next couple quarters if there's not some evidence that there's been -- there's a return on this money, i think a lot of investors will start to ask is it a real story there?...
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Jun 3, 2024
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blackwell is in process, i guess, so to speak, and tsmc will start making those chips. >> and then we'lle some -- the partners, the ones that are going to be datacenters. it is -- it will be google cloud. it will be microsoft azure. >> they go to dell, too, who puts them into the servers? and then they make the servers that go into the datacenters. >> this was a double bad day for dell. it wasn't featured. it just wasn't featured. oracle was featured, by the way. dell did not get the kind of plaudits that you wanted on top of what was a, obviously, difficult quarter. >> yes, there were some questions in terms of the margin there on the high-end servers, on the a.i.-related servers, although the cfo during the call certainly did address them to some extent, just saying that margin will creep in over time. >> i agree with that. that was -- recommends world com today. >> in hock we trust. >> i've been in hock we trust. hock tan. he has made a serious of acquisitions that are really terrific. he does cut costs rather radically. there are people who felt that the vmware part of the deal was n
blackwell is in process, i guess, so to speak, and tsmc will start making those chips. >> and then we'lle some -- the partners, the ones that are going to be datacenters. it is -- it will be google cloud. it will be microsoft azure. >> they go to dell, too, who puts them into the servers? and then they make the servers that go into the datacenters. >> this was a double bad day for dell. it wasn't featured. it just wasn't featured. oracle was featured, by the way. dell did not...
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Jun 24, 2024
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if they do, the chip would reportedly be made by tsmc.ion, and we see broadcom partnering with an entity that is supposed to be banned in the united states if senators have their way. how do we make sense of how this factors together? >> it feels like broadcom is carefully crafting the deal so it can fit within u.s. regulations. when they announced they had a new customer, they did not say its name. these chipmakers need more diversification. the customers are so concentrated in the big u.s. tech names. i think 20% of nvidia revenue comes from meta. maybe you skirt around trade restrictions to help the diversification of revenue so you are not caught out if meta one day says we are going to curb some ai spend. >> it is certain ships the chipmakers cannot sell to china. broadcom is saying i will build around that to make sure i can still supply bytedance and other companies in china. it reminds me of what people say about sanctions. sanctions do not necessarily work, they just create new markets. these are working for some and also create
if they do, the chip would reportedly be made by tsmc.ion, and we see broadcom partnering with an entity that is supposed to be banned in the united states if senators have their way. how do we make sense of how this factors together? >> it feels like broadcom is carefully crafting the deal so it can fit within u.s. regulations. when they announced they had a new customer, they did not say its name. these chipmakers need more diversification. the customers are so concentrated in the big...
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Jun 27, 2024
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it is good for memory makers and tsmc but not so good for nvidia because nvidia is about running things not good for nvidia. jonathan: are you telling me there will be enough to get packed into this phone that get people who may or may not be rocking around with iphone tends to upgrade? mandeep: it is apps for apple. you can show to leverage this capability when it comes to the chips and memory that they are powering, then i think people will want to upgrade because there is a lot of promise with generative ai. it is a function of how these companies are able to roll out functionality and monetize it. there is no free lunch and investing and no new revenue to show. jonathan: the latest with micron down in the free market and looking ahead to potentially a big upgrade wave. lisa: not for one person sitting at the table was still -- who is still skeptical. he has one app running on his phone. jonathan: let me say something positive about apple. they created a product that run so well and last so long that i have not needed to upgrade for years. lisa: unless you get a slowdown in the batte
it is good for memory makers and tsmc but not so good for nvidia because nvidia is about running things not good for nvidia. jonathan: are you telling me there will be enough to get packed into this phone that get people who may or may not be rocking around with iphone tends to upgrade? mandeep: it is apps for apple. you can show to leverage this capability when it comes to the chips and memory that they are powering, then i think people will want to upgrade because there is a lot of promise...