tech guy ray wang joins us now. ow, it's up just a fraction, but it had been up $6 just a moment ago. did you buy this dip? [laughter] >> i definitely did, and and i think this is a good time to actually make a buy. a lot of people took their profits9 from the earnings report. but there's a lot more to go here. and i think the important thing is we're just at the beginning of the a.i. revolution. and so there's going to be a lot of pull from a.i.. you saw that already, almost 6 percent of that pull in a.i. actually drove the cloud revenue side on the microsoft piece, to it's definitely something to buy during the dip. so if you can, jump in. stuart: okay. no bounce yet for google. that's quite a big dip that's going on there. again, are you a dip buyer? it's down 6. are you a dip buyer in in alphabet? >> have not yet on the google side, but i think the best thing to look at it is microsoft is winning the war on sales execution, google has the better technology on the other end. and at some point these two playerses a

that is according to ray wang from constellation research consultancy whom i spoke to earlier.is actually amazing to see that ev demand is still that strong and i think it is wonderful for byd hitting 529,409 vehicles in q4. put them on target at about 1.6 million for the year. that is an important figure because they are accelarating their units and their growth, but it's also not to say tesla didn't do poorly because tesla actually hit 1.8 million for the year. on a yearly basis, tesla came out ahead, but byd is showing a lot of momentum and growth, especially coming out of 2023. so, going into this new year then, how do you see it moving forward? how much profit does byd actually make from sales, especially since both tesla and byd have actually slashed prices to boost sales throughout last year? well, this is the important thing — forget the other ev makers. byd and tesla ignited a price war around the world. byd has the batteries and the low cost in terms of wages at about $20,000-$25,000 per worker every year, and tesla has the scale and capabilities in its charging netwo

ray wang is in davos, and ray joins me now.l elites, are they horrified by trump's landslide win? >> oh, my god, they are extremely horrified out here. one of the things they're worried about is trump might actually be back. they're hoping the supreme court is going to push back, but i think the reality is they are very concerned that trump is going to be the party's nominee and especially where biden is at the moment. stuart: okay. what's the main topic of constitution in gavel davos? >> people are talking about a couple of things. one is a. a.i. and what's going to happen, there's conversation about better cooperation and trust in the world, and of course, there's another conversation really about environment which has always a been ringing true here in davos. that's the big topic that a typically is here. but there's a challenge here because people are worried that, you know, the world is fracturing, and we're about to enter an age of a.i. and misinformation, disinformation will take place. stuart: what do they want to do ab

that's according to ray wang from the constellation research consultancy, whom i spoke to earlier.azing to see that demand is still strong and i think it's wonderfulfor byd, is still strong and i think it's wonderful for byd, hitting 229,000 vehicles. 1.6 million for the year. they're accelerating their units and their growth, but it's also not to say tesla didn't do poorly because they hit 1.8 million for the year. tesla came out ahead, but byd is showing a lot of momentum and growth. going into this new— of momentum and growth. going into this new year, _ of momentum and growth. going into this new year, how - of momentum and growth. going into this new year, how do - of momentum and growth. going into this new year, how do you i into this new year, how do you see this movie forward? this is the important _ see this movie forward? this is the important thing. _ see this movie forward? this is the important thing. byd - see this movie forward? this is the important thing. byd and l the important thing. byd and tesla have created a price war around the world. byd has the batteries

ray wang, always appreciate it.nd, please. >>> they're ringing that bell, and we're going to start trading this friday morning in just a couple of seconds. press that button, please. do it. he's done it. there you go. all right. the big board or is open, the nasdaq is open, and right from the get go we've got a tiny -- now a very narrow, i'm going to call that dead flat for the dow industrials, down a fraction, up a fraction. that's where we are. and we've got the dow 30, yes, we do. most of them are open, even split winners and losers, 50-50. just about. dow's off 15 at this point. s&p 500 also opening, i think ever so slightly -- no. i'll call that dead flat. it's up 2 points on a 4,600 index. nasdaq composite, where's that going this morning? it too has just turned around. it's now up. you know, an hour ago we were down 100 on the nasdaq on that strong earning, that strong jobs report. now the nasdaq is up 8 points. show me big tech, please. i expect to see a mixed picture there. no, it's not mixed, they're all g

that is according to ray wang from constellation research consultancy whom i spoke to earlier.ually amazing to see ev demand is still that strong and i think it is wonderful for byd hitting 529,409 vehicles in q4. put them on target at about 1.6 million for the year. that is an important figure because they are accelarating their units and their growth but also not to say tesla did do poorly because tesla actually hit 1.8 million for the year. 0na on a yearly basis tesla came out ahead but the wendy choo development and growth especially coming out of 2023. how much profit does byd actually made from sales especially since both tesla and byd have slashed prices to boost sales throughout last year? boost sales throughout last ear? , , ., year? this is the important thin. year? this is the important thing- get _ year? this is the important thing. get the _ year? this is the important thing. get the other - year? this is the important thing. get the other ev - year? this is the important - thing. get the other ev makers, byd and tesla ignited a price war around the world. byd has

ray wang with us today.'s down really big this morning after musk warden of slower growth. this is a huge -- warned of slower growth. would you why buy the dip? short answer is, yes. >> >> we're in the third inning of a nine-ingleing9 ballot. inning battle. tesla won the price war what's going on interesting in the fourth inning is really competition with byd and the korean ev makers. that's where the next bat withing's going to hit. -- battle's going to hit. but tesla, it's not just a it can company, it's actually an a.i. and robotics company. and what we're seeing in automation, cost cutting and robotics is out of this world. that's where the advancements are, and, obvious, the energy business with. stuart: here's my point about tesla and electric vehicles, tesla has no, nothing to fall back on. it doesn't produce gasoline-powered cars. so when electrics are not that popular, they can't fall back on gasoline power whereas qm ford and the others can do that -- gm. isn't that a problem for the stock? >> it's