. >> sk hynix makes high-bandwidth chips alongside nvidia gpu's. avril hong with the reaction, we will do a deep dive now, the ai darling delivered good but not great numbers. the company's mixed outlook comes amid concerns about ai. >> blackwell will be incredible. tom: let's bring in matt from bloomberg intelligence. this is another example of expectations set too high. >> they -- they -- they -- they beat and we are used to big beats, it was in line so expectations were more muted because of deepseek, you know what i mean? still seeing people looking for where the surprise is going to come from. the gross margin did not come through, talking about low 70's or mid 70's, out of line with consensus. tom: they're -- they're -- there is the spend, strong demand for the blackwell chip and it's hard to point to one sector. >> 29 times earnings, so not above the average. there is a huge investment in genai creating incremental revenue. the jury is out, lots of questions this year, you will start to see the peak. tom: maybe we finally get an answer to --

sk hynix. >> samsung. >> taiwan semiconductor. even smic out. >> in shanghai. >> they all fell. >> in today's. >> session also because of. >> the concerns about the nvidia. sell off. >> and. whether or not the tech, the tech rally we've seen over the better part of the last. >> 2 or 3 years on the. >> ai boom is indeed on. >> its last legs. all overall a very, very forgettable and not not. >> satisfactory end to february. we hope the. >> next month. >> will be better, at least for asian. markets in the side of the world. contestants, back to you and. >> i hope that new york. >> is having a better. morning than asia did earlier today. >> for the report. >> there from singapore. we appreciate that. let's dig further into the markets. welcome in. mark malik, chief investment officer at siebert financial markets. good of you to join us this morning. when you look at especially that steep plummet for nvidia yesterday off 8.5% after its earnings weekend. give me a sense of how you're seeing the markets shaping up not just for today but

. >> electronics down about 3.2%, sk hynix down 4.5.o really a broad based sell off in tech. >> now in terms of china's response to these new levies. floated by the trump administration, china's commerce ministry. >> says it will take all. >> necessary countermeasures to defend. >> its interests, accusing the us. >> of shifting the blame. >> and saying it. >> has one of the. >> strictest anti-drug policies in the world. >> now, i thought it was worthwhile. >> to take a look at. >> how markets have traded since. >> trump's inauguration. >> looking at there on your. >> screen, us. >> stocks. >> we are lower. >> and i think this is relevant. >> because we know. president trump keeps a close eye on markets. >> and if markets become too concerned about some of his policies. it could trigger a change in policy stance. so something to bear in mind. also bitcoin. we talked yesterday at length with standard. >> chartered about. >> what's been going. >> on in crypto. >> we are seeing further selling in bitcoin down about 4.9% in the latest tradin