caroline: headquarters in new york, i'm caroline hyde. romaine: i'm romaine bostick. taylor: i'm taylor riggs. romaine: stocks in the ready, -- closing about that 100 day moving average, and a lot of the focus now, once the earnings come in, we got those nvidia earnings, we will walk you through that talk about the chip shortage and how that feeds into a lot of other areas of the economy.

the crisis showing some signs of easing but times are still lengthy, 20 weeks from the time you order one to when they show up. we will talk about what is going on with pc's and with taylor. taylor: the second quarter margins, even the bottom line looks really good for the second quarter, you push forward to the third quarter, also looking at third-quarter revenue of $6.8 billion, 2%. and a lot of this deals with -- and this deal, cfos still confident in the deal but they are taking longer than we thought. we want to do more with the research analyst, it's interesting when you see data center avenue gaining, visualization revenue outperforming estimates except for automotive revenue which continues to lag. what stands out to you in this report? >> thank you very much, a strong

quarter, -- romaine: i've to interrupt you, we had to go to joe biden at the white house. pres. biden: the work to get every american vaccinated, to protect themselves from the virus and the delta variant of covid-19. i just got a briefing from my covid team and here is the latest data that confirms we are still in a pandemic of the unvaccinated. we are starting to see initial cases maybe declining in a few places, cases still rising, especially among the unvaccinated. there are still 85 million americans who are eligible to get vaccinated who remain unvaccinated, and at real risk. across the country, virtually all of the covid-19 hospitalizations and deaths

continue to be among the vaccinated. in alabama, more than 90% of current hospitalizations are among the unvaccinated. in texas, 95% of those in hospitals or unvaccinated. right now, it's worse in states where vaccination rates are low. let me be clear. even in states where the vaccination rate is high, the unvaccinated in those states are also at risk. and we are seeing cases rise at a result. quite friendly, it is a tragedy. there are people who are dying and who will die who not have to. so please, if you haven't gotten vaccinated, do it now. do it now. it will save your life and it could save the lives of those you love. the good news is more people are getting vaccinated. overall, they are up more than

80% from where they are dutch were a month ago. it can take up to six weeks to get fully vaccinated from your first shot, this increased level of vaccination will provide better results of the weeks ahead. remember, we have two key ways of protecting ourselves against covid-19. one, safe, free and effective vaccines. and two, masks. vaccines are the best defense, but masks are extremely helpful as well. and for those who aren't eligible for the vaccine yet, children, masks are the best available protection from them -- for them and the adults around them. them and around them. before i talk about the news related to vaccines, let me say a few words about masks and our children. unfortunately, as you have seen throughout the pandemic, some politicians are trying to turn

public safety measures, children wear a mask in school, into political disputes for their own political gain. some are even trying to take power away from local educators by banning masks to school. they are setting a dangerous tone. last week, at a school board meeting in tennessee, protesters threatened doctors and nurses who are testifying making a case for masking children in schools. intimidation and threats were seen across the country and they are wrong. they are unacceptable. i have said before, it's all about -- it's not about politics, it's about keeping our children safe. it's about taking on the virus together. united. i made it clear, i will stand with those who are trying to do the right thing. last week, i called the

superintendents in florida. one said with follow the science. the other said the guiding principle is students first. i couldn't agree more with what they both said. that's what i am directing the secretary of education, to take additional steps to protect our children. this includes using all of the oversights authorities and real action if appropriate against governors who are trying to block and intimidate local school officials and educators. as i said before, if you aren't going to fight covid-19, at least get out of the way. we are not going to sit by as governors touch a block and intimidate educators from protecting our children prayed

for exhibit, if a governor wants to cut the pay of a hard-working education leader who requires a mask in the classroom, the money from the american rescue plan can be used the pay that person's salary 100%. i'm going to say a lot more about children in schools asked week. as we head into the school year, the cdc says masks are critical especially for those who are not yet vaccinated, like our children under the age of 12. let's put politics aside. let's follow the educators and the scientists who know a lot more about how to teach our children and keep them safe than any politician. this administration is always going to take the side of our children. next, i want to talk to those who can get vaccinated, but you have not. the delta variant is twice as transmissible as the alpha variant. it is dangerous.

it continues to spread. vaccines are the key to stopping it. we are making progress. today, more than 90% of seniors have at least had one shot. 70% of people over the age of 12 have had their first shot, as well. that is good news, but we need to go faster. that's why i am taking steps on vaccination requirements where i can. already, i have outlined vaccine requirements that will reach millions of americans. federal workers and contractors, medical staff caring for our veterans at va hospital, and our active-duty military reservists and national guard. today i am announcing a new step. if you work in a nursing home and serve people on medicare or medicaid, you will also be required to get vaccinated. more than one hunter 30,000 residents in nursing homes --

130,000 residents in nursing homes have passed away from the virus. at the same time, vaccination rates among nursing home staff trail the rest of the country. studies show that highly vaccinated nursing home staff is associated with 30% less covid-19 cases among long-term care residents. with this announcement, i'm using the power of the federal government as a payer of health care costs to ensure we reduce those risks are most vulnerable seniors. these steps are about keeping people safe and out of harm's way. you walk into a government office building, you should know that federal workers are doing everything they can to keep you safe. if you seek care at a va hospital, you should not be at a greater risk inside the hospital than outside the hospital. now, if you visit, live, or work in a nursing home, you should

not be at a high risk for contracting covid unvaccinated employees. i am mindful that my authority is limited. i will continue to look for ways to keep people safe and increase technician rates. i am pleased to see the private sector stepping up as well. in the last week, at&t, amtrak, mcdonald's, they all announced maxine requirements. i recently met with a group of business and education leaders from united air lines to kaiser permanente to howard university who are also doing the same thing. over 200 health systems, more than 50 in the past two weeks have announced maxine requirements. colleges and universities are requiring more than 5 million students to be vaccinated as they return to classes this fall . all of this makes a difference. the wall street journal reported

the share of job postings stating that new hires must be vaccinated has nearly doubled in the past month. governors and mayors in california, maryland, massachusetts, new york, oregon, and washington have all announced vaccination requirements. let's be clear. vaccination requirements have been around for decades. students, health care professionals, our troops, they are typically required to receive vaccines to prevent everything from polio to smallpox to measles, mumps, rubella. the reason most people don't worry about those diseases today is because of vaccines. it only makes sense to require a vaccine that stops spread of covid-19. it is time for others to step up. employers have more power today

than they have ever had before. my message is simple. do the right thing for your employees. consumers, businesses. let's remember, the tool to keep our economy going strong is to get people vaccinated and at work. i know that i will have your back and patients note i will have their back. i will have the back of the states tried to do the right thing as well. for example, yesterday i instructed fema to extend full reimbursement through the end of the year to state developments -- two-state deployment of national guard in support of covid-19 response. nearly 18,000 national guard members are supporting our response nationwide. from caring for patients to administering vaccines to running testing sites to distribute supplies. as the states continue to

recover from the economic toll left by covid-19, a full reimbursement of national guard services during this pandemic will be another tool that will help them shore up their budgets, meet the needs of the communities and continue our economic recovery. these are the latest steps we are taking to get more people vaccinated. next, i want to speak to you all , all of you who are vaccinated. how should you be thinking about -- first, you should know that you are highly protected against severe illness and death from covid-19. only a small fraction of people are going to the hospital today are those who have been vaccinated. we have a responsibility to give them a maximum amount of protection. earlier today, our medical experts announced a plan for booster shots to every fully vaccinated american.

this will boost your immune response. it will increase your protection from covid-19. that is the best way to protect ourselves from new variants that could arise. the plan is for every adult to get a booster shot eight months after your second shot. pending approval from the fda, the cdc's committee of outside experts will be ready to start this booster program during the week of september 20. during which time, anyone vaccinated on or before january 20 will be eligible to get of -- a booster shot. that means that if you got your second shot on figuring 15th you are eligible for a on october 15. if you got your second shot on march 15, go for your booster starting november 15. just remember, it is a simple rule. eight months after your second

shot, get a booster. these booster shots are free. you will be able to get booster shots at any one of approximately 80,000 locations nationwide. it will be easy. show your vaccination card and get a booster. no other id, no insurance, no state registry requirement. my administration has been planning for this scenario for months. we have purchased enough vaccine and vaccine supplies so that when your eight month mark comes up, you will be able to get your vaccination free, booster shot free and we have it available. it will make you safer and for longer. it will help us and the pandemic faster. -- it will help us end the pandemic faster. some say we should not get our third shot until others get there first. i disagree. we can take care of america and

help the world at the same time. in june and july, merrick administered 50 million shots in the united states -- america administered 50 million shots in the united states and we distributed hundred million to other countries. we have donated more shots to other countries than the rest of the world combined. we expect to give out another 100 thousand boosters and the united states will donate 200 million additional doses to other countries. this will keep us on our way to meeting our pledge of more than 600 million vaccine donations. as i said before, we will be the arsenal of vaccines to beat this can bit -- pandemic as we were arsenal to beat world war ii. let me conclude with this. the threat of the delta variant remains real. we are prepared.

we have the tools. we can do this. all of you who are unvaccinated, please get vaccinated. for yourself, and for your loved ones. your neighborhood, and your community. for the rest of america, this is no time to let our guard down. we need to finish the job with science, facts, and confidence. together, as the united states of america, we will get this done. god bless you all and god bless our troops. caroline: that was president biden delivering remarks on the covid response. he was talking about protecting oneself whether it be a mask or a vaccination and calling up the private sector looking to companies to do more saying the likes of amtrak and mcdonald's have already taken steps to

demanded vaccinations among workers. he says there will be more news coming out about schools and education later in the week. meantime, let's go back to breaking news. taylor: i wanted to touch on shares of robinhood. second-quarter numbers look decent, but it has been the headwind talking about seasonal headwinds in the third quarter that will lead to lower revenue. earlier, shares were down as low as 8%. we are off about 5% now. romaine: nvidia shares were lower, but they have moved to higher now. we also commented on the deal saying they are confident that it can get done but it may take longer than thought. still with us is our guest, and infrastructure analyst. thank you for being patient with us. we wanted to get back to the conversation about nvidia and the company's prospects. i am curious about the potential for this company to diversify.

whether it is through the rm deal or something else. is this a company that can expand a little bit more away from crypto servers from gaming servers and from some of those data center servers? >> thank you for the question. that's exactly what nvidia is trying to do. they're trying to compete in -- by addressing a larger market. they started with gaming initially, then they expanded into the data center because there are similarities with processing gaming and processing a data center. whereas you have intel that can address general-purpose work.

what they are trying to do with arm, with cell phones they want to acquire -- to expand into the server space. that is exactly what nvidia is trying to do. caroline: the ceo is confident in the arm deal. talk to us as we hit record data center and gaming revenue. is there anything in the earnings statement that speaks to you at the moment? >> as you have seen, nvidia posted a strong quarter. it is the fourth quarter in a row where they beat expectations . it is like the strength of nvidia, the strong position with

investors. it is great company. the fundamentals are very strong. the ongoing cycle, they have been enhanced by the lockdowns for gaming. we are concerned about the potential to pull back on multiple fronts. at the data center, it is driven a strong product cycle. we don't think this will be sustainable. and gaming, they have benefited from the lockdown as consumers have had the time and money to spend on gaming.

[indiscernible] this is also going to cause headwind in the second half. that's why we are expressing concern. taylor: how are you thinking about the automotive section of this? there were reports that automotive makers were selling cars with less quality chips because they just had to get a car out there. what stands out to you in the automotive sector? >> nvidia missed expectations this quarter. it has a good strategy and intel has a good strategy. today, we believe the company is best positioned to deliver to re-innovate.

we will hear more about it tomorrow. i don't think that if we are optimistic about the future of nvidia, i wouldn't have a strong view on that business. taylor: thank you as always for the insight and for being so patient with us. we want to turn and look at another aspect of the chip crunch. how it is impacting the pc market. let's do this all with gartner research director. there was a lot of hints that consumers had piled up on the pc market. are you seeing that slow and is that concerning? >> yes, it is absolutely slowing down now. it is not going away.

people can go out now and do something different other than laptops and computers. it is still demand, but not as strong as the last couple of quarters for sure. >> the demand is something to keep an island with the delta variant. what are some supply chain issues you have seen? we have talked about this monolithic issue. how much has that end -- impacted the pc market? >> right now, the most market impact shortage is the large enterprise laptop. like a big corporation buying 20,000 pcs. they have a specific requirement on their components. that market is the most affected by the shortage.

so that they have to wait for four months at the most to get there laptops. in the consumer market, it's not that much of an impact. you can still find the laptop easily from the retail right now. romaine: you can. i am also noticing that you're finding prices are higher on so many of these things. can you give us some insight into how much more people are having to pay? >> percentagewise, yes component price is going up. because of the shortage. unfortunately, manufacturers are passing that price increase to the final products. in the worst case not from the consumer side, but from the business laptop side, it goes to an increase of 5% or 10%. from the consumer side, they can still find it very affordable good laptop out there.

caroline: thank you. great to have a key focus. you don't want to miss our focus on chips, but we'll be talking much more tech tomorrow. taylor: our last guest said he is going to get a lot more information on the automotive sector of the chipmaking when we all listen to that tomorrow. romaine: this is a big deal, because we talk about what nvidia wants to diversify. it isn't just about getting away from the data center business, it is about cars are just chips on wheels. if you are part of that, you're missing out on the future with all of the autonomous driving. it is really just a small subset of vehicles. if you're a chipmaker, you want to be a part of it. caroline: in 2013, when you

could go to a conference, every tech event was a car event. romaine: keep your hands on the wheel. taylor: bloomberg technology is up next. romaine: have a great evening. this is bloomberg. ♪

>> innovation, money, and power collide. this is "bloomberg technology." with emily chang em