trump. >> and the key. >> thing is they might be talking about first how. >> we can. >> increase investing. i mean investment. second, i. >> in i mean. >> collaboration. >> third. >> i think how to. maintain the stability in east asia by. >> japan against the end of the hour. so unfortunately i have to cut you off. tak minami, thank you so much for joining me of suntory. that's going to do it for us here at overtime. fast money begins right now. live from the nasdaq market. >> site. >> in the heart. >> of new york city's times square. this is fast money. here's what's on tap tonight. another earnings bonanza tonight. >> amazon whipsawing. >> after hours. >> and pinterest. >> hitting six month highs. >> the headlines behind. >> all the moves and more. and a palantir pop. the stock hitting. >> another record. >> today and. >> up nearly. >> 35% this week. >> how to make sense of this. >> seemingly unstoppable. >> stock and what the options market is saying about what is

next. plus. >> eli lilly. >> jumps even. >> as its glp one drugs disappoint. >> coach tapestry bags. >> an all time. >> high of its own. >> and while qualcomm. >> struggles could say. >> about the future for apple. >> i'm melissa lee coming to you. >> live from studio b at the nasdaq on the desk tonight. >> carter worth, karen friedman, dan nathan and guy adami. we start off with a volatile move in. amazon after earnings. the tech giant beating top and bottom line estimates posting cloud unit growth in. line with estimates. but a weak sales forecast for q1 is weighing on. shares in the after hours. the conference call. kicking off moments ago. cnbc's kate rooney has more. kate. >> well, so amazon did beat for the quarter on top. and bottom line as you mentioned. but underwhelming guidance. and in this foreign exchange impact causing what we saw that knee jerk reaction in shares after hours. the initial drop was around 5%. it has pared back some of those losses. amazon's cloud growth rate was really the key item investors were watching. it was right in line with the street's estimate of 19%. but if you look at the pure aws revenue number for the quarter did come up just a hair short of estimates at $28.8

billion on guidance. amazon's q1 revenue range was light. same thing with operating income, the company clarifying in the press release saying it's a foreign exchange impact here does see a potential dollar impact and, quote, anticipates an unusually large unfavorable impact of approximately $2.1 billion from fx. they also call it a leap year effect from last year. advertising did miss estimates, but the retail side of the business showing a lot of strength in the quarter thanks to holiday sales. online sales beat 75.56 billion and e-commerce margins, which are under this north america segment, were 8%. that was up from 5.9% in the prior quarter. ceo andy jassy on the conference call kicking things off now we are waiting for that capex number, any sort of color around spending and then comments on tariffs potentially as well. back to you. >> a lot to come on that call. kate. thank you. kate rooney. karen you're deciphering the quarter. what do you make of it? >> yeah. so i mean. >> kate touched on. >> really the high points. i

mean, retail. >> is good. that north america margin. >> was great. >> but i think the story really here is. >> aws. and in line. right in. >> line ish is just not. >> quite good. >> enough right here. >> to me the miss. whatever is being. priced in. >> for the guidance rather being. >> week that that was. >> a miss. it was beat. but i don't. >> really give that. >> much credence at all. >> they're not great at forecasting. >> and i don't think. >> they really care about forecasting. >> and who wants to be a hero. >> and give a. strong forecast at the beginning of the. >> year with. >> a. volatile year? >> right, right. yeah. >> tariffs are. >> an unknown. >> and lots of things are unknown. >> the leap year thing is. >> just ridiculous. i mean everybody's like surprised by leap year. >> if you were born on. >> february 29th. >> it's not ridiculous. >> it's not ridiculous if that's. >> your one birthday. >> that's what i mean. >> i'm just saying. >> you're a company. >> that wants to give guidance. >> that's what you meant. >> and you're. >> like, oh. >> the number of. >> days in the first quarter. >> okay. >> i think the. >> setup was not too different than alphabet, right? when you think about it, it's trading at an all time high. it rallied 10% right into the print. it was down a little bit in sympathy when google was down 8% yesterday. but it's like the

same thing that happened. you know, if you think about azure, if you think about google cloud, they came in like basically in line. but it wasn't good enough. you know, and i kind of disagree a little bit, karen, on that operating income guidance that they gave. you know the consensus was 18.2 billion. they guided to 16 or 14 to 18. so the midpoint is 16. that's not like 11% or so, you know. and what i think is going on here, these companies have invested so much in the capex. and this company, they spent $75 billion last year. they said there's going to be higher. that's not too different than what we heard from microsoft and google and meta. but again, i'm surprised the stock's not down more to be frank. yeah. because i mean like look where we are in the street. look at how a lot of these names are. also they're seeing that like the fever break a little bit. so let's see how this thing trades tomorrow i suspect it trades lower. >> call me pollyanna. >> but when. >> when the aws. >> numbers. >> came in in line i thought, oh well, maybe it would. >> actually catch a bid. >> because there's. relief after microsoft and after alphabet, there's relief that they were able to report and in line for cloud.

>> i so much like melissa better than. >> pollyanna, i got to say. >> completely different people. >> you know, operating margins. >> to me, 11.3%. good for them. >> i mean, year over year. >> improvement and. obviously better than the street was. >> looking for. the capex. >> number is probably. >> scaring people. >> i'm sure there are people. poring through. >> this now. i think it's up like. >> almost 30%. higher than the street was looking for, and it's up 91% year over year, which is either really good. >> or really bad. >> i'm sure. >> nvidia is probably higher on the. >> back of this, i would imagine. >> we'll see if. >> that lasts, but i'm. >> sort of in between dan and karen. like i. >> think it's fine. >> like we've seen sell offs on the back of amazon quarters before that a week and a half or so later get bought up. so i think that's what probably in the midst of now. >> yeah. >> i'm kind of in the fine category. not exciting. but i think it's important to note this that amazon's performance to the market, which is important to the qs, which is important to the xle, to the entire consumer discretionary sector, all peaked during covid, right. so amazon has been was such a winner, of course, for the reasons everyone is ordering packages, staying at home. it's relative performance stands to

this day almost four years ago. so the question is does it have catch up potential with its sector consumer discretion with the qs, with the market? ultimately i think yes. and i would say the weakness is something to take advantage of. >> just one thing about the guidance, the operating margin guidance that is pretty wide considering the revenue guidance. so it's just very vague, right? so i really don't. >> think we should just. >> discount it entirely. >> yeah. >> well, if the capex number comes in in line with what the street is expecting for 25, which is $85 billion, which would be a step up from the 75 expected for. >> the total of 24. >> is that going to be a positive? >> well, it depends i mean, listen, amazon, you don't hear them about building the sort of foundation model that some of their competitors. right. so they're really building the infrastructure for aws. so they have the capacity to serve a lot of those clients. right. so they partnered with companies like anthropic that have the cloud. claude. excuse me, claude in the cloud. you know that model there. they've invested $8 billion in that. so their infrastructure bill, i think is a little different than, let's

say, google that has gemini. and they want to support that. and then obviously microsoft with their open ai relationship. so again i just don't think this is as interesting. i think about their cloud growth was what 19%. and you know google and microsoft got punished for coming in a little below that $30 billion number. so i don't know. they have market share issues here too. i think those other names have kind of kind of nipped at the at their butt a little bit. so that sounds good. but i don't know. i'm just saying i don't know. it's you know. >> fx impact. we're hearing it more and more and. >> they actually made a. >> point of it. >> in their guide to talk. >> about the. >> potential, the outsized impact of foreign exchange, which is, i think, again, we had caleb on the other night and he talked about that was something that's crept into the vernacular. so again, i don't think there's anything to. run away from. >> we've seen sell. >> offs before post earnings. >> with amazon. >> if you go back and look at a chart, you'll see a number of them over the last year and a half. and i just think this is sort of that, you know, middle of the road type of thing we've

seen before with them. >> all right. for more on amazon's results. let's bring in. >> t rowe prices tony wong. he's a portfolio manager of the firm's science and tech fund, which counts amazon as one of its top holdings. tony welcome to fast money. >> thank you. >> what's your take of amazon's quarter and how does it stack up to some of its ai competitors, so to speak. >> in large. >> cap tech? >> yeah. well, i think it's a. >> really interesting position that amazon is in. if you kind of look over the long term, there's a few things that. >> are. >> really going well for the company. one is that they have a lot of infrastructure through regionalization. and if you look at the retail margins, i think over the. >> multiyear. >> they can go up a lot higher as they essentially like fill in that capacity that they built during covid. and then i think the second one is, you know, also their aws cloud. i mean, it's still, you know, growing at a 19% and over the long term should be a nice compounder, especially when we look at what's going on in ai, lower cost models that could proliferate and drive more upside and sustainability. and

then i think third is that you've got like really nice advertising business on prime that continues to grow nicely and then. also be very margin accretive. >> so there's. >> multiple drivers here. and then on top of that you think about kind of the way that they are positioned with robotics. that's i think could be a new productivity boom. and you know that cost to deliver driving that down and passing it on to their customers, you know is what i think is really exciting over the long term. >> hey, tony. so amazon's not a name that you hear like the way you do with openai and chatgpt or some of the other competitors. when you think about olympus and nova, what they've been building versus their relationship with anthropic. how do you see that playing out? do you see them as a bit of an underdog, building their own models? >> yeah. >> well, i think that there's a lot of different cross currencies. like do you need to own the frontier model? do you need to build it? do you open source it? do you have it more closed. and you know i think it's still a little bit tbd. what is the best strategy. but i

kind of still come back to that if you have, you know, scale, if you have compute, you have ai expertise, you have the apps. i do think that is like kind of a good recipe to go in here with. and, you know, amazon is kind of playing their own kind of, you know, e-commerce play here that they dominate. so i kind of think about it. perhaps you don't need to own it to really benefit from it, especially if you have other competitive advantages that you can drive roi. and it's not a super competitive, contested space. >> but tony, it's karen. >> thanks for being on tonight. so it sounds like you like tstk. >> and sort of how do. >> you get there. >> among the pieces. >> yeah. >> well i mean i think that long term and this one has been a really nice compound if you look at, you know, the very different various businesses, it's hard to find this kind of growth at this kind of scale. and i think that, you know, one thing is that margins continue to go up and

there probably is a long term progression there. so, you know, i think that, you know, we look at as science and technology fund, like you know, above market revenue growth, accretive margins over the multiyear and kind of great competitive advantages that can sustain high improving returns. and i think part of what amazon like really attracts attracted me to the story. there are multiple ways that that you can win here. and they are well positioned for like kind of a new productivity boom. you know, when it happens. >> we're just showing your top eight portfolio holdings, tony. and they are the biggest cap tech stocks out there basically almost in order. and i'm wondering what is your favorite pick at this point. what's your what's your favorite stock given we've. >> seen most of. >> the quarters? >> well, i think that the portfolio is, you know, filled with, i would say, a various groups of large kind of stable compounders that are kind of the

bread and butter of the portfolio. and then there's also more emerging tech players that i think can have, like significant, outsized impact. and so we looked at like having a risk adjusted portfolio. we're not going to be, you know, swinging for the fences every year. we look to outperform every year and capture good upside and downside. but when i look at the themes that kind of are interesting to me, i think that we are seeing, i switch to kind of the app layer. when you think about what's going on with, you know, palantir recently, that's been a really kind of remarkable move. and does ai kind of reshape the software landscape? you know, that's one. and i think like media and entertainment, like there's a really nice industry structures going on there, like pretty attractive stories where margins continue to improve. and after like some really intense competition, you know, areas like where netflix and spotify play are pretty interesting for more stable returns. and so, you know, i think that our framework is largely buying, you know, quality companies that are

improving and have a multiyear story to them. >> tony, great to have you with us. thank you. tony wong of tyro. >> what do you. >> want to know from the call. which is ongoing? >> the spend. >> is important. i think. >> the spend is really important. i mean. >> i would. >> be curious as to, you know, the margin improvement, i think is really important as well. but there's clearly. you know, again, this is sort of like a facebook story, almost margin improvement in a meaningful way on the backdrop against maybe things seemingly slowing down on the eps and the revenue front. >> by the way, which is fine. >> i mean, given the choice between the two, i'd love to see the margin improvement. >> and that's what. >> i'd be focused on. >> we've got some breaking news now on data central. to some economic reports. steve liesman has got the details here, steve. >> melissa. yes. cnbc has learned that many economic data sets from census.gov are now not available to the public census.gov website. when you call up normal data sets, like how many people live in the country. population estimates says access to the data is,

quote, forbidden. some data experts have found a workaround for some of these data sets, including going to another website, data.census.gov. but it's not all there and not all easy to do. data normally downloaded by economists is just not there, according to several sources we've talked to. for example, maureen, harvard analytics, who provides data to cnbc, says my staff tried numerous economic releases and we could not access them from through census.gov. mike horrigan, president of the upjohn institute for employment research, says when was the last time the census just stopped publishing data? that just doesn't happen. it suggests that there may be internal pressures not to publish data that we rely on, and we need to figure out if that's true. it is unclear if the census data is a technical problem or part of a larger federal data purge that we've seen in things like health care and other areas of the government. we emailed the census bureau. we called them. they could not be reached for comment. in the last several hours. melissa, just very

quickly, census does provide data for the household survey that the bls releases tomorrow. i have no indication that there will be any problem with that data tomorrow, but obviously economists are concerned about this data and it is used widely throughout the economy. another bit of data that's not available is tiger mapping data that's used widely in mapping programs like google and all sorts of things. those files are also unavailable at this time. we understand. >> all right. >> steve, do you know if there were this data is unavailable or if it has. been deleted? >> i do not know that. i know that when you go to access these files, it says forbidden. okay. i do know that many people have archived this data, melissa. so it won't be unavailable forever. but from the government website, census.gov, it could not be accessed by us and several data experts we've worked with over

the past couple hours to confirm this story. >> all right, steve, thank you. steve liesman, i know that a lot of doctors overnight have been desperately trying to download data. from the fda websites and from various. health and human services websites, because that data has also been removed from sites. >> this is. >> data that is widely used. >> in scientific research. >> so there are a lot of people out there very concerned about not having access. >> to this. >> normal data that they would have access to in order to further. scientific discovery. >> right. >> and without being political at all, i think that's just one more sort of reason why volatility should be coming back in this market. >> in a somewhat. >> meaningful way. i mean, it's anecdotal, i get it, but it's just part of a pastiche we've been talking about. >> all right. meantime, speaking of volatility, the treasury bond tracking tlt etf has been steadily climbing since hitting a 52 week low last month. that, ahead of tomorrow's jobs report, the tlt move guy was one that you flagged earlier today. >> yeah, i think so. >> and carter would love. >> this one. i mean, if you go

back to. >> september of. >> last year when it traded 101, the tlt has. >> been in. >> this pretty precipitous downtrend. the second point was in december. the third point was made today. so this downtrend is still intact. now we've obviously seen a sell off in yields down to you know 440 ish or so. the question is this the third point of a downtrend that will continue. i think it will. which means i think yields are going higher. or are we about to break out on the upside for tlt which means yields go lower. we're going to know a lot more in about what 13 or 14 or so hours when we get the jobs number. a hot jobs number to me suggests you could see a meaningful sell off in tlt, which is what i'm expecting, and see yields go markedly higher. >> yeah, it's such a it's such a big subject. and yet it keeps being maybe the subject that is not so big in the sense that rates are not too high, not too low. it's kind of goldilocks. but it is important to say that the end of q3 2022, we were at 4.35, and here we are almost three years later for 4 or 5, not much has happened. >> i am short tlt, i am short, but for just the reason you

said. >> it's karen trading the trend. >> i love that. >> all right. >> coming up more after hours earnings action. shares of pinterest moving in the back. >> of its results. >> the details and numbers from the quarter next. and eli lilly jumping after results this morning. what the pharma giant had to say about its. >> weight. >> loss drugs. >> and the. >> latest on its next generation medications when fast money medications when fast money returns. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! make our new sugar

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pinterest. >> spiking after hours following a q4 earnings report that showed better than expected revenue. cnbc's julia boorstin has got the details. hey, julia. >> hey, that call is going on right now. pinterest showing its focus on shop ability, ai and direct response ads paying off with revenue, revenue, guidance and user growth all topping expectations. on the earnings call, ceo bill reddy, touting the success of the performance plus ai tools, driving advertiser efficiencies and a record number of clicks during the holiday season, driving the fourth quarter to its first $1 billion revenue quarter. now, this year, reddy says they will double down on their initiatives, especially leveraging ai to re personalized experiences for users and increasing the shop

ability of the platform. now, in the q&a going on right now, they're talking a lot about the growth outside of the us strength in europe, particularly around retail advertising, and also just the massive growth rate internationally beyond europe and the us. so we're going to be talking about all this and more with pinterest ceo bill reddy. we have an exclusive interview with him coming up tomorrow at 10:45 a.m. eastern. back over to you. >> all right, julia. thank you. julia. boorstin. dan. >> what do you think? >> good quarter. >> good guidance. that's not something we've seen a whole heck of a lot. obviously we did from meta. but you know when they talk about growth overseas or specifically in europe, the average revenue per user here that raised was up 9% year over year is $9. in europe it's $1.38. so it's growing at 12%. that's fine. but 80% of the revenues come from here in the us. so i think doubling down on the us makes a lot of sense. it's much higher margin business. so to me great balance sheet. the stock's trading up i think it's been in this trading

range i think a lot of people see an opportunity for a bright spot in big tech, which is kind of been pretty mediocre over the last couple of weeks at least. the results in the guidance. >> and the expectation was that first quarter comps were going to be very difficult. so for them to come. >> in. >> with better than expected guide sigh of relief here. >> agreed. and monthly average users up 11% year over year. i think people are excited. now the question is do you chase this move which is up, i think $6 or so in the after hours. and i say, you know what? i actually think you do? i mean, last summer was cataclysmic. the move that we saw to the downside, but we held 30 like 4 or 5 times. i think we could be getting set to change trade to the levels that we saw last june, july, which i think was about 44.5, 45. >> well, that's exactly right. so last summer it plunged on its earnings, dropping from 40 to almost 30. and we're retracing that now. it's i would characterize a rally to a difficult level. so this is where overhead supply comes into play. but there's also this this was a $90 stock right. 2 or 3 years ago it was trading at 39. it's been a tough investment in general for anyone who's been engaged.

>> i've always. >> said i'd rather. >> be in meta. i mean, it's just it's very similar. so much bigger, so much better valuation. only one thing this could theoretically. >> be acquired meta realistically. >> could not. right. that's true. >> a lot more fast money to come. here's what's coming up next. >> weighty issues for eli lilly. what the company had to say about its blockbuster drugs, and how it's moving up the timeline for its next gen treatments. what all that could do for the stock plus palantir record run continues. why the options market could be pointing to even more gains ahead. you're watching fast money live from the nasdaq market site in times square. we're back right after this. >> powering sustainable. >> growth in a. >> changing world. powering financial solutions. >> to transform industries. >> powering innovation. with access to capital. >> powering critical decisions.

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oh, so we all work better, together! my work here is done. excuse me, which way back? uh, follow him. continue the trend? what it signals for the economy and interest rates, employment numbers and analysis. squawk box tomorrow, 8:30 a.m. eastern. >> cnbc. >> welcome back to fast money. eli lilly, jumping over 3% after reporting an earnings beat and guidance that came in in line with investor expectations. revenue for the december quarter did fall short, though, with sales of weight loss. drugs manjaro and zep band missing estimates for the second straight quarter. still, the company giving a bullish outlook for its obesity pipeline, moving up the timeline for data on its next gen injectable registry. for more, let's bring in leerink partners senior managing director david risinger. david, great to. >> have you with us.

>> it's curious because, you know, they did give preliminary results back in january. so you know, nothing was really too much of a surprise. but in terms of the pipeline what are you most excited about here in the pipeline. is it the oral. because we're going to get data in the second quarter. or is it the red tide? >> yes. >> well, it's a bit of both. the oral. >> really can be transformational. so i think. >> a big driver. >> of the stock. move up today. >> was the fact. >> that management. was quite. bullish about the likelihood. >> of success. >> of the oral small molecule glp one candidate, which indeed. >> will generate its first phase. >> three results. >> in the. >> second quarter. >> what they discussed was that there will be. >> no. >> manufacturing constraints, that they will roll it out globally aggressively like they would a normal launch. >> so they. contrasted it with tirzepatide. >> which is. >> mounjaro. >> and zeppelin. >> which they had to hold. >> back given supply constraints. but here they can.

>> manufacture it and roll it out globally. >> so we're. >> hoping they blanket the world with. >> it. >> when they. >> start to. >> launch that drug. >> if successful. >> in 2026. >> what is the time to market? you know, after phase three results are posted and they get the go ahead. how much longer do we have to wait for that to actually hit that worldwide release? and how do you view that in terms of cannibalizing sales of. >> the injectables? >> yes. good question. so in terms of the filing, we're expecting a filing of what's called or for glipr1 that small molecule in the second half of this year. >> and. >> then a launch. >> hopefully, you know. >> maybe in the middle. >> of. >> 26 or third quarter of 26. >> so approval. >> probably in. >> less. >> than a year. >> after it's filed. >> in the. >> second half of this. >> year. >> and then the next. >> one. >> up after. >> that is the triple g candidate that. >> you mentioned. >> read a. >> true tide. >> so that has three different. mechanisms to lower weight.

>> tirzepatide has two. >> mechanisms in it. so it could offer even greater. weight loss than tirzepatide that will generate. >> its initial. >> phase. >> three data this year. they move. >> that up. >> from 2026. >> to late. >> 25. >> for the. >> first trial. >> they'll file that. in 26 if it's. >> successful, and launch that. >> 1 in 27. >> how do. >> you. then think about margins? >> how do you think about revenue when it comes to the pill. >> version, which presumably would. >> be. >> manufactured at a lower cost and maybe sold at a lower cost versus. >> the injectables? >> so we. >> think it's going to. >> significantly expand. >> the market. >> and access, because. >> they can potentially. >> offer it at a lower price. it will be. >> lower cost of goods sold and it will be more accessible. so certainly there won't be the supply constraints. >> and, you know, the. >> difficulties of pharmacy access. >> so it offers a tremendous opportunity. >> and helps. >> to broaden.

>> the portfolio. >> beyond just. >> zep bound today. >> david. >> they gave guidance 22.5 to $24 for earnings. i'll give you 24 and i'll divide by 870. and i'll throw you a 36 times this year's numbers. big valuation. but does it even matter in this environment. because when it matters, i mean, you think about it, historically these pharma companies traded half of that. >> yeah, that's an excellent question. well, the reason why the stock. >> supports such a high multiple. and why we're. >> still rated outperform on it, is. >> that the. >> company's growth prospects are. really just outstanding. so their. >> revenue guidance for this year. >> is for the revenue for the total company to grow over 30%. so, you know, that's more than triple most large. cap pharma companies. and then beyond 2025, there's still a tremendous opportunity. to generate additional sales in the field of

obesity. we believe that today less than a million people are. on tirzepatide for obesity or. >> bound for. obesity in the us. >> i think a lot of them are here in new york. david, great to see you. thank you. david. >> thank you so. >> much of leerink. and oh, by the way, eli lilly does have a pipeline. it's got its alzheimer's drug, kadcyla. it's also got in the pipeline that's on the market in the pipeline, a metastatic breast cancer drug which could be coming to market. so it's got things other than obesity here. >> yes. >> but obesity i think. >> is really driving. >> this story. >> yeah. you know, so there seems to be a lull in the last few weeks. until this and novo actually both today. i'm still long. >> it's expensive for sure. >> but i believe in. >> the story being much, much bigger. >> would you. >> rather. >> carter. >> would you, rather than the other choice? >> asked. >> the other choice is don't do it or cash. to your point, it's lulled. it's been sort of doing

nothing since september, and this sort of not quite fixes the pattern, but today's strength repairs it to some extent. my own hunch is, if you've caught this 2,025% move off the low of a week or so ago, sell calls or trim. >> fill the gap. >> if you go back and look, we had a huge downdraft gap that was created. this move today filled that gap on big volume. it's logical to cbw point that we pause here. >> melissa. coming up, the palantir pop continues shares up more than 30% in a week and more than 400% in a year. what miko is seeing in the options pits, and how one tech analyst says you should handle this move. don't go anywhere fast. money is back in two. >> missed a moment of fast? catch us anytime on the go. follow the fast money podcast. follow the fast money podcast. we're back right after this. (♪♪) (♪♪)

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gina costa... looking simply stunning... what's this? she's opening her fidelity app.... to buy that stock... with no fees or commissions... because what does gina got? gina's got the look. that never gets old. talk about easier investing. gina costa... looking simply stunning... what's this? she's opening her fidelity app.... to buy that stock... with no fees or commissions... because what does gina got? gina's got the look. that never gets old. talk about easier investing. >> get your. >> solar generator and free panel at four patriots.com. >> welcome back to fast money. stocks mixed ahead of tomorrow's jobs report. the dow dropping 125 points while the s&p and nasdaq both managed gains. shares of meta. hitting a fresh all time high, the stock notching its 14th straight day of gains, extending its longest winning streak on record. it is up more than 15% in that time,

adding more than $260 billion in market cap. meantime some chip stocks under pressure. qualcomm and arm holdings lower on the back of results yesterday and apple supplier skyworks plummeting nearly 25% after the company said the iphone maker is shifting some of its business to a competitor, likely broadcom. skyworks also announcing a new ceo and some more after hours action. shares of elf beauty dropping after missing earnings estimates. expedia jumping after beating expectations on the top and bottom lines and reinstating its quarterly dividend and bill holdings plummeting on light guidance. dan, you're pointing to the chip data points and how it built a pastiche. about my eye. >> that's actually a very that's a. >> harder word, to. be honest. >> pastiche. >> well, max. >> meyers used to use. >> that pastiche. >> of payne mosaic. >> yeah. >> you know, all. >> these things. well, listen, you know, i don't think people had particularly high expectations of qualcomm, right? and we know that that is very levered to handsets. right. and at one point you could have made the argument that they're making chips for copilot pcs, which was

going to be an extension of this ai trade. well, apple is a 22% customer. and based on what we heard from apple in china, down 11% year over year, obviously iphone is a big part of that. apple intelligence is not there. now the chinese are looking at, you know, the services fees and the like here. it seems like the whole growth story for apple in china is kaput. apple did not grow handsets last year while android grew like 3% or so. so i think everything related to handsets is not great. we've also heard consumer electronics away from some of the stuff that apple did well on, and macs and ipad were okay. it's just not particularly great. so unless you're making gpus that go into servers that go into data centers or your broadcom, and you're making custom chips for folks like, you know, apple and the like here, it's just not a great place to be. so you know again i think the asics i think marvel and broadcom are probably buys on dips. >> all right. meantime take a look at shares of palantir jumping yet again today. now up nearly 35% just this week. and it's only thursday. there's

still another day here. the software darling posting blowout earnings results after the bell on monday. and even with the record gains options, traders are still piling in. mike co joins us here with the action mike. >> yeah. so we're seeing obviously. >> very big moves and very big volumes. this was one of the busiest single. >> stocks today. >> traded about a million calls actually. >> double its average. >> daily volume. and the most active. contracts were for next. >> week anyway the. >> 110 and 115 calls. and we saw. >> a. >> buyer of. >> about 12,001. >> ten, 115. call spreads paid about a buck and a quarter. so that's a basically spending about 1.5 million bucks in premium. >> betting that. >> the rally that we saw could continue. and by. >> the way, when they put that trade. >> on the stock. >> was still trading about a buck oh seven. >> so it's already profitable. >> based on what you see. mike does it look like retail traders are doing most of the options trading? >> well, i mean the one i just referenced, i don't think there's too many retail traders that are making. >> $1.5 million bets for. >> just one week, but there is. >> a tremendous amount of.

retail flow as well. i mean. >> it's kind. >> of similar to what you see in the likes of nvidia and. tesla and so on. >> this is taking on almost a meme. >> stock kind of a. tone to it right now, right. >> all right mike thank you. mike co, our next guest thinks the clock could be about to strike midnight on palantir. cinderella run. jefferies managing director and senior software analyst brant thill joins us now. brant great to have you with us. what's so amazing, brian, is that you, you know, have a lot of company in the analyst community in terms of not having a favorable view of this stock that has gone gangbusters. there are 13 hold ratings on the stock, five sells and only five buys. why so skeptical? is it purely valuation. >> yeah. >> look we're. >> wrong and we get things wrong. but i think. >> a lot of our other picks have been right. >> so i. >> point to palantir fundamentals. >> they're very few. >> companies that are doing. >> what they are doing. so to give them credit. >> their fundamentals have been pretty incredible, right? >> 30% top. >> line growth. high margins. >> so the.

>> rule of 70 to 80 is in play. there are very few companies you look all. week this week google microsoft amazon all disappointing on cloud. where's the ai. and palantir saying. >> well we got the ai. >> so i think ultimately right now what's. >> helping palantir. >> great fundamentals on their behalf. >> secondarily. they're not a lot of. >> institutional investors. i've said this. i do not deal with retail investors. our clients are institutional investors, and institutional community is not there in big size. so is that a catalyst potentially. >> i think. >> you go back to the third element is everyone else is not doing well in tech right now. and so ultimately this is giving doctor karp's view. >> of hey. >> everyone else sucks and we're all amazing. pitch hold hold wait. and so again, i mean, we're at a point right now where the stock is in la la land on multiple. there's nothing anywhere remotely close to this. our team, you know, has been advocating there's better ways,

safer ways for investors to own. these themes are on ai, whether it's security and crowdstrike or cloudflare. you look at other stories, but when you start to look at this market cap, it's the market cap of palantir is the combination of adobe and snowflake combined. i mean, it's again, we've never seen a multiple like this. and i can just give you history. when snowflake, datadog and others hit this multiple back during covid, they didn't hold that multiple. and it was not a good story. on the other side of this mountain, it was it was. they all imploded. they went from 50 times revenue to snowflake went to eight times revenue. so again, we're not seeing that happen short term. there's enough momentum and enough good, good goodness in the fundamentals that i think again you just we have to look at it both from the fundamentals a plus valuation. again nothing even remotely close to this valuation. >> yeah we've been making the same point brant and thanks for being here. and i'll say this.

even if you give them add the $5 billion of cash they have and say they're going to do $5 billion of revenue, make that ten and then divide it by 230. it's still a ridiculous valuation. so my question to you is what will be the trigger that says when the street finally says this does? because as you said, we've seen it before. so what are we waiting for? what do we need to see for that trigger to be sorted? i guess set off? >> well. >> i think there's a trigger ultimately in the multiple at some point. right. again, it's gone from 25 times revenue to 50 plus. so you know, could this go to 75 times revenue. you know it's again it's in the stratosphere and it's launch and it's there. so the multiple could keep going higher in the short term i think the fundamentals are good. and at some point are they going to have a miss on the quarter or not. i don't see anything really competitive. that's that's causing a big issue. and i think the only thing right now is, you know, the rest of tech is kind of sick. you look at the mega-caps, you know, even amazon again, we're three for three

this week of not making the numbers. and so ultimately i think there's you know, some concern around what's going on with the rest of tech. right. >> brant. nice save on the shot. brant thill of jefferies dan just quickly on on palantir. this is actually this whole segment was sparked by a comment that you made that this is basically nuts. the story. >> that's it's just hard. you know brant just put it there. i mean snowflake and adobe and you put those together and that's the market cap here. this is a company like you know, guy said he was being very liberal of 5 billion. i mean, if they do 4.1 on a 3.7 estimate right now, it still wouldn't make any sense. so, you know, you got to figure out what are their moats, who's coming after them, that sort of thing. it's a really small revenue base, and the valuation is getting insane by the day or more insane by the day. >> we're getting more color from amazon's conference call on capex and more. kate's been listening in. kate rooney, what do you have? >> hey, melissa. so we did get that capex number. amazon does plan to spend about $105 billion

for 2025. they put it this way. it was 26.3 billion in the fourth quarter. they say that run rate is expected to continue. so that was well above what a lot of analysts had been expecting. andy jassy, the ceo, talking about some of the thinking. he says the vast majority of that capex spending is on ai for aws. he says the way the cash cycle works here, so the faster we grow, the more we end up spending, because we have to procure data center hardware and chips says they are indeed seeing those signals of demand. and when aws is expanding capex, particularly in what he describes as a once in a lifetime business opportunity that ai represents, he says, i actually think it's quite a good thing on that level of spending. he also talked about some of the constraints on chips, which could be helpful for nvidia. but guys, bottom line, the mega-cap spending spree is continuing here. so $105. >> billion in capex for fiscal 25, kate. that's i mean, wasn't expected to be 85. >> yeah, about 86. so it's significantly higher than what the street was looking for. i

haven't looked at the shares after hours after those comments. but i also wonder what it's doing to nvidia. but it does talk about the level that they are planning to spend. it's the last of the mega caps to report here, and some of the constraints and need for chips and power really. so there are sort of knock on effects that will have broader market effects. and one of the fear factors going into this is that amazon would not increase capex. and they clearly did here. but the call is still going on now. so we'll bring you any highlights. >> all right kate thanks kate rooney. the stock is no surprise moving lower on the back of that big number coming up the lap of luxury looking pretty comfortable these days. the results that had tapestry and ralph lauren jumping during the session. and whether there's more room to run fast. money is back in two. >> options. action is sponsored >> options. action is sponsored by robinhood (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members

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strength finally or relative strength finally, and the wholesale part of the business. >> yeah, i. >> mean. >> for both of us, i mean, both. >> of them were just outstanding. >> quarters on pretty much every metric. and so. >> similar stories. >> actually for both. but it is interesting. i mean, how lucky, good. whatever. smart. the tapestry was unable to close that deal because the stock's been nothing but straight up since then. it was really, really impressive. i'm surprised. >> we didn't see a little more spillover. >> into. >> some other names. >> all right. coming up, a bet that could really move the sticks. sports betting stocks are warming up for what could. >> be. >> record breaking wagers on the big game. what the rivalry is doing for that space next. more doing for that space next. more (in atrocious french) au revoir mon amour. a bientot let's work on that french, shall we? (♪♪) au revoir mon amour. a bientot (in perfect french) au revoir mon amour. a bientot (♪♪)

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that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. >> welcome back to fast money super bowl 59. just three days away, will the eagles soar to victory? or will the chiefs score a three peat? sports bettors have a lot at stake on the answer to that question, as this could be a record breaking weekend for wagers. cnbc's contessa brewer joins us live from new orleans for more. contessa. >> well, melissa, three peat would be historic. and look, there is big money coming in. big money on the betting bowl. we could say 1.39 billion. the

estimate of how much americans will wager on the nation's legal licensed sportsbook, according to the american gaming association. but that's just chump change. if you look at how much is wagered on office pools, on illegal bookies and offshore accounts, last year's wagering estimate included those platforms for a total of more than $23 billion. and this year you've got cash and crypto.com crowding their way in. robinhood tried and just ditched its effort to accept trades through the predictions markets. plus, there's sweepstakes style gambling and fantasy plus. look, it's just a lot of competition for the sportsbooks that have invested billions of dollars in licensing and customer acquisition. i got to ask chiefs quarterback patrick mahomes whether the boom in gambling is good for the game of football. >> it gets people watching. i think that that's good for the sport, but at the end of the day, i want people to realize

that it's a game that you play on the playground for recess and the stuff that you just go out there and give everything you love. and i think that's what we try to do on the football field. and i think that's everybody on that football field. >> chiefs right now one and a half point favorites tomorrow. it's a gaming all star lineup with a who's who in the sports betting world. starting off with amy how bright and early on squawk box melissa i'll send it back to you. >> all right contessa. thank you. contessa brewer in new orleans. >> birds and over. birds on the money line and over fly. eagles fly. back to you. >> i don't even know what that's like a foreign language to me. >> guy. what was it like at super bowl one? >> well, you know, it's. >> funny you. >> say that. >> you. >> it's really funny. you say that. >> you know, it's. >> not even funny. >> it's not. >> it's not even funny at all. >> how do any of these gaming stocks look like? >> i mean, i think they're all pairs of twos. the truth is, i would just stay away. >> keeping with the theme and ahead of the big game, do not miss an interview with kansas city chiefs owner clark hunt on

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>> good. morning. >> hey! >> yeah. >> frank dulcolax chewy fruit bites for fast and gentle constipation relief in as little as 30 minutes. making your good morning even better with dulcolax. >> next. so his deep seek in an alternate universe that bodes terribly for nvidia's pricing down the road. if you had to design the most punitive way to bring down the price of this great stock, you'd invent something like deep. >> sea mad money next cnbc. >> final trade time. >> carter. >> upstart holdings for a pop. >> karen. >> yes. match.com. i like the new ceo a lot. >> dan. >> nathan. >> novo nordisk to fill in the gap. >> guy. >> it is. >> that time of year. it is. and we have been blessed here. and you figure our luck's going to run out at some point. but martinez has been with us now for the last few months. spectacular. the university of michigan should be proud of themselves because she's a proud alum. >> right. >> thank you. >> sweet as can be. and she's leaving us for much greener

pastures, which is typically the case. thank you. martina. martina. i'm going to well up a little. >> bit here. >> oh. >> you're. >> such a softy guys. >> i am it's. >> like sad. >> citibank. >> citibank. >> thank you. >> and thank. >> you, martina. and thank you for watching fast money. mad money with jim cramer starts right now. >> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. mad money starts. >> now. >> hey i'm cramer. welcome to mad money. welcome to cramerica. other friends i'm just trying to make you a little money. my job is not just to educate, but to teach you and entertain. so call me at one 800 743 cnbc or tweet me jimcramer. i got to tell you we got some real strange leadership this year. when you look