alibaba, all of the data goes back to the ccp.terms of getting in bed with communist china certainly when it comes to defense? >> totally. i don't think there's any way at any level our government is going to use this technology because you have to go through a process with the u.s. government and regular industries. it's not just the government. they go through a security and compliance check. i was on a chat yesterday with a bunch of former amazon engineers and they were saying the security of this thing is not proven. does it work? yes. but there's still a lot of -- the devil's in the details so the navy said they're not using it. i'm sure we'll see other u.s. government agencies saying you can't use it either personally or for work. maria: there are so many chinese stocks that trade on u.s. exchanges and they too likely have the same mo to have to be forced to give the ccp data and information and yet we allow investors to in so many ways fund the expansion of our number one adversary. i mean, is that a policy that should be l

the new model from alibaba that could already be out doing deep sea. what it could mean for the stock plus opportunities in private credit. oaktree capital's co-ceo armon panosian will join us next to detail how moves and rates are impacting the space and where he's seen the best returns. you're watching fast money live from the ai connections global conference in miami, florida. back in two. >> ready for the big meeting? >> i have to write this project plan. >> i just. >> need to. >> reply. >> to 40 emails. >> every day. your team gets sucked into endless writing tasks, and every day hours disappear for everyone except pam. hey, pam. because pam uses. >> grammarly's ai. >> to write in a few clicks. >> not a. >> few hours. >> it's one seamless experience. >> everywhere, and it works. >> for the whole enterprise. >> that's why 70,000 teams trust grammarly. >> it was lost in the dark. >> grammarly for. business enterprise ready ai. >> it's not if the markets will turn. it's win at howard. >> capital management. >> our. >> proprietary family of funds. >>

across several benchmarks, alibaba's cloud unit introducing quen 2.5 max. a large language model, which it also says is competitive with the performance of top tier products from openai and from meta. shares of shares of lvmh and a number of other luxury names. they are falling in europe today after the luxury goods maker reported fourth quarter sales that just failed to impress investors. ceo bernard arnault telling analysts the company is seriously considering ramping up its production in the u.s, praising a wind of optimism versus the cold shower of potentially higher taxes in france. and then on the other side, shares of asml, they're surging as demand for its ai chip making machines show no signs of easing. cnbc senior technology correspondent arjun kharpal he joins us live from asml hq with much more on that story arjun. good morning. good to see you. >> good morning frank. and clearly here. look the entire tech sector really saw a big sigh of relief after these asml earnings which showed a very strong 2024. but more importantly very key was the guida

alibaba. it's in the carbed, it's in the tube. >> kenorar, sht tlt.>>> 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. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to the san francisco edition of "mad money." i'm trying to help you make money. my job is not just to entertain but to explain. we get positive earnings, good inflation numbers.

. >> as alibaba. >> becomes the latest chinese. >> name to release a sophisticated ai model, with rivals meta and microsoft reporting. after the bell today, we'll explore what it all means for these stocks and for the next leg of the ai race. first, though, let's get the fed market set up from dom chu. >> it's relatively calm right now, as you might expect ahead of a big fed announcement. and of course, a press conference from fed chair jay powell. but we are to the downside. and i will point out we are near session lows at or near session lows. right now. the broader s&p 500 is holding above that key 6000 level 6042. but it's still down 25 points. we were down roughly 27 points at the low down five points at the highs of the session. so it has been a modest decline overall for the day. the dow industrials at 44,803 are off just about one tenth of 1%. that's roughly 50 points to the downside. and the tech heavy nasdaq composite index at 19,566, is down about 172 points, or roughly three quarters of 1%, nearly a full percent at this point right now. so that kind of volatility or price dis

similarly, hackers gain access to more than 1000000000 data records at chinese online shopping dining alibaba. and it took over a year before the breeze was even notice. much of the stone data is sold on the dock. i had like our groups such as lock bid 3 point, no, show off this successes on a leak data page. hardly looks like the document does it. if you want to find out whether you've been hacked, you can do so easily online. the hassle top, my institution identity leave, check out or being pulled. those 2 websites that collects information on compromised accounts. you'll just enter your email address to find out. and if you're lucky enough to have been hacked or even locked out of an account. first and foremost, stay calm. the 1st thing you want to do is change passwords in all the accounts possible. you don't know what the criminal already has access to, so try to change passwords everywhere. some accounts you might already be locked out of don't panic and that is there really is no stigma anymore. about it. contact a technology provider, google, microsoft, facebook, whatever it is they'r

that's alibaba.os in market cap on monday, we have this bounce back. the order book a swelling, over 7 billion euros. this stock dropped the most in 26 years because they cut the guidance for this year. they say d.c. the opportunity towards the highest part of the full-year guidance. emergence of deepseek is good news and their reliance on china will drop, i think partly due to regulation and demand. when it comes to superlatives, we've got to handed over to the ceo of t-mobile, a monster fourth-quarter. i love that. smashing all expectations, $2.57, up 50% year on year. they have had the best start of the year in terms of the guidance ever. superlatives. jonathan. jonathan: love it. stock up nicely, up by 8.5%. microsoft and openai are investigating whether deepseek accessed unauthorized data from openai. sources telling us that microsoft observed the visuals they believe may be linked to deepseek export trading a large amount of data. lisa: this links with what david sachs yesterday in an interview

you can take a look at shares of alibaba on the back of this news up about 3.5%.mberg reporting that microsoft and openai are now looking into whether a group linked to the chinese ai startup improperly obtained data from openai. president trump's ai czar david saxe, telling fox news yesterday that there's evidence ipsec was developed using data output from openai's models, a phrase called distillation. they distill the model, also known as stealing. >> distillation. >> yep, distillation and stealing. so there we are. and we've talked a lot about how a lot of these models may have been. >> borrowing. >> repurposing, distilling a lot. >> of the ways. >> to characterize copyrighted content that effectively helped the model get created. >> jon stewart had a joke about this, saying that, like the ai job was replaced by ai. >> yeah, i saw that. and he did very well. that was great. did you see it? we should be playing that. that's a great segment. >> let's take a look at futures at this hour. a bit of a mixed picture after a pretty volatile week. and you can see the na

chinese tech company alibaba released a new artificial intelligence model that supposedly better thansea. the company released its new model on the first day of the lunar new year, when most chinese people are off work and spending time with the family. the release points to alibaba's dedication to compete with deep seeks low cost compared to other ai systems. deep sea is the company that triggered a tech sell off this week. here in the u.s, more than 1200 google employees have signed a job security petition, as the company is expected to lay off more workers. the letter addresses the company's ceo with complaints about the impacts layoffs have on morale. members of the alphabet workers union say they want buyouts before layoffs. guaranteed severance to employees who do get laid off, and to disallow low performance reviews for the purpose of removing employees. despite the threat of layoffs, though, google still has about 2700 job openings listed right now. and starbucks is cutting one third of its food and drink options from the menu this year. it's part of the company's plan to simp

i think in your acronym is alibaba a? >> yeah, so.ut it's interesting, guy, you and karen. >> yes, did tim have that or no? >> no. not this year, i think. >> it's early, though. >> tim likes the other company in aprilish, right? sfl that's true. >>> coming up as recovery efforts continue in the wake of the wildfires blazing across southern california, our next guest says insurance losses could hit $40 billion. what is next for the industry and homeowners right after this. more "fast meyinwoon" t. louis! cut! more mud! action! louis, louis! cut mud on her face! louis! okay everybody, that's lunch! (♪♪) (♪♪) mud mask? no, no, no! compare hotels in the hotels.com app dave's been very excited about saving big with the comcast business 5-year price lock guarantee. no, no, no! five years? -five years. and he's not alone. -high five. it's five years of reliable gig speed internet. five years of advanced securit. five years of a great rate that won't change. it's back. but only for a limited time. high five. five years? -nope. comcast busines

i'm sure alibaba six. we will head back to san francisco where the jp morgan health care conference is well underway. katie is there with the ceo of structur therapeutics. katie: i'm sitting by with raymond stevens the ceo of structure therapeutics. ray: thank you for having me on. katie: obesity drugs is a crowded space with enormous players like eli lilly. if are developing an oral medication -- you are developing an oral medication for obesity. how do you plan to set yourself apart and fit into the market? ray: 2025 will be the year of the small molecule for gop one. the field has been dominated with injectable peptides. accessibility is a major problem. second, 80 5% of people discontinue injectables after two years. 65% discontinue after one year. we think oral pills will continue the maintenance phase of people continuing the medicines. what we don't want to see is people lose weight and then we get a yo-yo effect. they gained weight, they lose weight. that's not healthy either. we think the oral pil

he likes alibaba.ink china's. >> are about 2%. >> but you know, when i talked with brian niccol, i think that it's really pretty good job in starbucks talking about the word deflation. now deflation is incredible because i don't think people remember in the 20s deflation is harder to break than inflation. >> yeah, we generally don't. >> like it. >> right. because the mindset is i will gladly buy something later, but not now. and you have to get people to feel like it is worth it to buy now. and there in in china it's not happening. and the and i think that we can point to lvmh as a great company obviously bernard. no, no no longer number one. but lvmh, what people are saying, you know what? i'm going to wait on that and waiting on that because it's going to come down in price is usually a fool's game because no one wants to break price. >> yeah. >> organic up only one. at lvmh wine and spirit down eight. perfume was. >> a. >> bright spot, but not as good as the. richemont and burberry numbers of recent

artificial intelligence, ships made by us based in video. meanwhile, the likes of huawei by do and alibaba are designing rival ai systems incorporating their own ships. india enjoy clar, friendlier trade relations with the us, and helps deposit from trump's conflict with china. you can feel the vibe of young people as soon as you reach the city. bustling high robot is one of the biggest i t hops in india. here on the campus of the institute of technology, one topic is dominating every conversation. artificial intelligence. many of the students here have their own dream of a future. in developing a i did see a drastic changes in the environment that end up in probably with the mindset of the people taking more into a perspectives. so it is moving a lot fewer students than ever before. see the future in the u. s. a. europe. this professor thinks the brain drain of young i t talents out of india is over. students have been traveling to other countries. us most important key for job prospects and so on a little or this trend is changing in the past few years. uh, thanks to uh, you know, this,

look at alibaba. >> melissa lee i will. and hi derek thanks for flying in.ts 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 my friends i'm just trying to make you a little money. my job is not to entertain but to educate. teach you. so call me at one 800 743 cnbc or tweet me jimcramer. nobody ever made a dime panicking no matter how many times i've said that. it always feels like the first utterance. but if you match yesterday's

caroline: deepseek was the number one downloaded and we also now have alibaba announcing its latest powerfula -- ai novel. should similar reticence be used? alex: this is where it gets complicated and we need to be careful to separate out two different things. there is the deepseek app that people are downloading. that data go straight to china. if you are downloading deepseek or going to its website and typing in a query, that data go straight to china and is available to that chinese company and is available to the chinese government without a problem. absolutely, companies should not be allowing employees to download the deepseek app into the phone. if you download the open-source model rates that does not go down to china. there are some risks and they are pretty much theoretical. the model weights do have an ideological twist towards the ccp. so if you ask about tiananmen square it will not answer or create a winnie the pooh story about xi jinping. so, it corresponds to the rules that the chinese government has created about the ideological consistency about ai. that is not a security r

alibaba. it's in the carbed, it's in the tube. >> kenorar, sht tlt. short tlt. >> thanks for watching. >>> 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. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to the san francisco edition of "mad money." i'm trying to help you make money. my job is not just to entertain but to explain. we get positive earnings, good inflation numbers. then suddenly you end with a fantastic day for the bulls. dow surging. s&p jumping. the nasdaq pole voltaulting. i have to explain to you the concept of beat and raise. they have to raise their forecast. then there are those rare days when it all comes together. we try to figure out why this can't happen all of the time. let's go over what happened today and why stocks roared. first, for two months we heard inflation is raging. when we got the consumer price index numbers, they weine. there were so many people betting that the inflation numbers would be horrif

. >> stocks to avoid, intel, airbnb, alibaba, verizon and nike. nike is just not going to be out of its own way still or what? >> these are one-month views, and so yes, i think it's -- in the absence of a fundamental catalyst, i think many of these have been already companies with not clear visibility and weakening fundamentals and poor price momentum. so i don't think they're stocks that i want to be trying to pick up. >> all right. good to catch up with you, tom. as lways, tom lee. right here at post 9. >> up next, we debate the fate of the techtrade and vista equity partners ashley macneill, and we are back on the sector after this. lammed shut) for eighty-nine years, morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american anncr: rose, back in the winner's circle. (crowd cheers) (♪♪) power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading with social sentiment help you find and unlock opportunities in the market. e*tr

stuart: last one, alibaba. they've released a new a.i. model. how does it compare to deepseek?e against some of the temperature-tier models and surpasses deepseek's a.i. molds across various benchmarks. we don't have a lot of details, but again, feel free to disagree with me, more a.i. ised good. i think that that means more competition, and the cheaper it is, the more there is going to be. not unexpected that competitors are coming in. stuart: here's the last one. this surprises me. oppenheimer down graded apple. that's sacrilege, isn't it? what did they do? >> yeah. when you go from an outperform to a -- is rare. looking at reduced iphone sales in the next 12-18 months because of, a, more competition from china and, b, the lack of excitement around apple intelligence. is that really going to accelerate me buying a new $1,000 phone? oppenheimer seems to think it may not. stuart: got it. kenny, you brought us a stock pick, and it is an etf. consumer staples, spdr fund, xlp. >> right. it's an etf that represents the consumer staple acquisition. all your kind of boring consumer s

zoom, electronic arts, alibaba, rivian, applied materials.g to keep betting on a couple. you've got some rolling over into 2025. >> tim said the band is a bunch of great companies. this is a bunch of crap companies. this is a game. >> the biggest percentage moves. >> i'm just playing a game. so mine is gen-ai and if you think it has legs, it's going to take the crap, so maybe that's this year. global founder, the ugly red-headed stepchild. >> you can't do that. >> really? there's no redheads hurt in this acronym. taiwan semi, ea, i think a company that's going to integrate generative ai technology into their offering, and the semi company that has not done particularly well, in the industrial space. we're talking about how they're going to use this technology. amat, i'm taking because this is trading near 52-week lows. if we're going to see the buildout of the data centers, there will be more chip making. and then lastly, intel, i don't really to say anything here. ultimately maybe they'll get something right. it's a game. let's see. >> it so

at one time alibaba went public here i think it was 25 billion. the biggest ipo, one of the biggest ipos of all time. >> well, what and your point is. >> that they went openai earlier this week on deep sea was like worthless. and now it's worth 300 billion. >> i was just being like you. it is without a doubt a time not of inflation but of a recognition. this is why i like nvidia. it's a recognition that it is a new industrial revolution, and anybody who's in it is worth a lot more than the people that aren't. look, i'm sure that when you were when they discovered the cotton gin and you're a weaver, you're saying, you know what, that's ridiculous. what? >> no, i'm not making faces. >> of the cotton. >> gin making faces at our executive producer. let's let's. i don't limit my faces just. >> to you. steam engine. remember the steam engine? are you still, like, in the wheel? and the pulley? you and the wedge. you're the. >> wedge, robert fulton. >> he's shocking. >> the wedge. eli whitney in the cotton. >> eli whitney is cotton gin. robert fulton was

i mean alibaba yahoo and look aam here i am a brit on this show.billion. and it's now worth 140 billion. and it's the foundation for what we're going to see. >> he also sold nvidia which if he hadn't sold. >> would be. >> worth about. >> $100 billion. yeah he look that was 2019. and you know it was a 5% stake. so he knows that he lost out there. >> well lionel brilliantly timed book i got it i can't wait to read it. thank you so much for the book and for joining us this morning. >> great to be on the show. good to see. >> you, lionel. great to see you. all right. it is 7 a.m. on the east coast and you're watching squawk box right here on cnbc. i'm becky quick along with mike santoli and robert frank. earnings just in from financial services giant american express. that company matching the street's forecast with quarterly profit of $3.04 a share. revenue came in very slightly above consensus for 2025. american express expects quarterly earnings of $15 to $15.50 a share. the current consensus estimate is right in the middle of that range of $5.23. t

and that's a positive spillover as well on jd.com and alibaba. just on that softer rhetoric. nextera energy, the top s&p 500 stock, up about 6.5% right now despite an earnings miss. and guess what saved the day? the ceo's promise to capitalize on the demand for ai and data center power to do so. nextera and ge will be joining forces to build natural gas power solutions. nextera also looking to reopen a nuclear plant in iowa. scott. >> christina. thank you. back to you soon. kristina. partsinevelos. we're just getting started here. up next, star investor benchmark's bill gurley standing by for an exclusive interview. we get his take on this week's big i announcement, the drama between elon musk and sam altman. big earnings next week. all things tech with mr. gurley next. >> powering sustainable growth in a changing world. powering financial solutions that transform industries. powering innovation with access to capital. powering critical decisions with precise data and insights. powering seamless execution in evolving markets. we deliver our entire global bank to power new pos

names like alibaba known as like the amazon of china. also baidu, the alphabet or google of china. also rail operators that do a lot of work and transportation of goods from mexico and canada. names like union pacific, csx, others, canadian pacific, kansas city southern and auto manufacturers here in north america. auto supply chains are very linked between the united states, canada, and mexico. automakers like ford, general motors, and stellantis, the parent company of chrysler and dodge all moved lower on that news as well. so we are keeping a close eye on whether or not there are any more details. we have not yet seen anything that says that anything will be exempt. if there are exceptions to these tariff rules. but in the coming days, the white house at least alludes to the fact that they will provide more details on just what is happening with regard to the tariffs. >> chris. >> cnbc's dominic chu. thank you. and in 90s, we'll dig into the new memo pausing celebrations for mlk day, black history month and more. what a move like this means for people. >> who. >> have spent a go

so if we went to tencent and alibaba and shen and others, teemu and others, and said if you want to doiness in the united states, you need to have a jv here. wow, that'd be a great deal of leverage you'd have over chinese companies. >> the other piece of this is, as you point out before, china severely restricts american companies that want to go operate. be really interesting to say, yeah, we can work something out for tiktok. and by the way, google's back in china and any chinese citizen, the reverse jv thing can go get this. microsoft would be back in in full. you know, apple could do all of it, not just building the iphone, but actually all the information distribution that goes on an iphone. chinese are not going to go along with this along the way. i find it somewhat remarkable that president trump, who rightly raised all of the national security issues in his first term, did brought up none of those tonight. >> and interestingly, who's going to be just just on this because it's such a big fact, the vice premier of china is going to be at the inauguration tomorrow. historical pre

>> tencent, bytedance, alibaba, deep seat. >> and these. >> companies aren't dumb. >> and they. >> know they know they're. >> not being sold. >> potatoes. >> potato chips. >> the biden administration. >> over the course of. >> its tenure from from october 2022 up until the last week of the administration, slowly but. surely increased. the or lowered the. >> ability for nvidia to sell chips. >> but nvidia. >> kept making chips that were. >> right on. >> the line. >> and i think what you. >> saw with deep. >> tech. >> regardless of whether they're using literally banned. >> chips, is the. >> fact that they have been able to do some really incredible engineering. >> with what the. >> us government. >> is. >> allowing to get into china. >> so i want to regardless. >> hold on, wait. >> hold on. because you said it pretty clearly. you said you're not accusing anybody, but you think some of these chips are ending up with with chinese companies, which is why we care, because not all nvidia chips are banned, but the best ones are. let me reiterate, i have been to singapore, but not in a while. i

that deal accelerates alibaba's retreat from fiscal retail spaces, focusing on the cloud.l prices climbed within touching distance of a record high to end 2024. a resilient property market gathered more momentum. it was the fourth consecutive monthly increase. data shows solid buyer demand despite affordability challenges. house prices are expected to climb 4% into a 25. jonathan: thank you. up next, dollar strength persisting. >> a much stronger dollar for the first six months of the year. you will continue to see growth differentials and interest rate differentials drive the greenback. jonathan: kit jukes of socgen is just around the corner. ♪ (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com jonathan: stocks are up, bond yields are lower, higher .8% on the s&p. o

alibaba. >> melissa lee i will. and hi derek thanks for flying in. thank you for watching fast money live from miami. 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 my friends i'm just trying to make you a little money. my job is not to entertain but to educate. teach you. so call me at one 800 743 cnbc or tweet me jimcramer. nobody ever made a dime panicking no matter how many times i've said that. it always feels like the first utterance. but if you match yesterday's carnage in tech with today's bountiful harvest of winners you know why i have to repeat myself. if you panicked and sold tech yesterday, you missed today's cornucopia of tech winners. with the dow gaining 137 points has to be climbing 0.9 2%. but the nasdaq filled with tech going up 2.03%. now, before we dig into what happened today,

that includes partnering with a chinese ai company, whether that be baidu or alibaba, or even deep seek to replace the chatgpt functionality, which is banned over there, by the way, they also have to get their own apple intelligence models approved as well before they can launch. he also told me they're working with regulators to get apple intelligence approved, but no updates on progress there. he also in china, blamed some channel inventory problems and government subsidies that went into effect for some electronic devices this month. it's unclear how that impacted last quarter, but i'm expecting to hear more on the call from tim cook on that about what really went down in china. we should be getting some more details on that soon. and then also tariffs. i did ask him about the potential tariffs from the trump administration that would impact apple, probably more than any of the big mega cap tech companies we talk about, he said. they're monitoring any potential tariff impacts that would have on the company, but really declined to comment further. whether or not president trump has gi

chinese tech company alibaba released a new artificial intelligence model.ts new model on the first day of the lunar new year, when most chinese people are off of work and spending time with family. the release points to tech companies dedication to compete with deep seeks quick rise due to low development and usage costs compared to other ai. deep sea has caused shares to plunge and investors questioned huge spending plans by ai companies in the u.s. the fallout from the fires in los angeles county continues. the beaches here in santa monica, they were supposed to be temporarily closed. >> but now those closures are extended indefinitely because there's toxic runoff and pollutants that could be in the water there. ktvu bailey o'carroll joining us live here in pacific palisades. bailey. good morning. >> good morning, dave and pam. yeah. that's right. you mentioned those beach closures. closures. we are at palisades state beach just up the way from santa monica. those beach closures are now indefinite. and they run from malibu all the way to santa monica. you

. >> buy a company, big company like alibaba, buy a. >> stake in it.iece of it. and he's gone. >> he's gone bankrupt. >> or he's almost gone bankrupt. well. >> let's talk about it. it's he's come back. it's an opening scene. your opening scene is right out of a movie. you have all the financiers in japan coming to this, this rave to see him speak. he talks about how the future is, is, is open. japan is going to be the new silicon valley. he's the world's richest man. and three weeks later, what happens? he loses up to. >> 97% of his. >> paper wealth. that can bust. >> absolutely. the height of the dotcom bubble. i mean. >> he is a bit of a p.t. barnum kind. >> of character. >> he tells a great story. >> he makes. >> big promises. >> talks big numbers, but he is at the. >> same time. >> somebody who's an amazing comeback. several times. and what. >> you're seeing now around. >> artificial intelligence is maybe his fifth and biggest comeback. >> so. so when i read read the opening chapter and saw that happen, i said, well, that's into this book because i

alibaba was not that. tencent was not that.g to roll over and let americans own half, 75% of one of the crown jewels, it's a difficult thing. i can't claim on friends with xi or trump. it's a game of hot potato. we want to see some resolution worked out. what happens in the u.s. needs to be worked out before the global company can ipo at some point. we shall see what happens. six month ago, i probably thought they would just pull out and the chinese would never let them do it. we might see a deal where now they spin it in some minority stake. i don't think some billionaires get to buy it for cheap. jonathan: you understand where the questions come from one we use language like the chinese government will not allow them to. apparently, it is not a national asset. he would attend the complication -- you understand the struggle? a him invested in putting national pride before me is a shareholder. are you disappointed they didn't look to find a buyer? mitchell: not yet. what do you think the u.s. government was say if china told ap

is that it was able to cut prices so much and really bring costs down among the retailers such as alibaba as well as jd. so people are are really talking about here how this company, deep sea, has been able to do something similar for ai guys. >> yeah, i mean, eunice, one of the big conversation points around here has been so much for the un not sending the highest end chips to china. it hasn't mattered. they've been able to figure it out somehow. is that part of the conversation as well that you're hearing? >> yeah. no, definitely. that's why i was, you know, in the state media, a lot of it is we've been able to achieve something that wasn't really expected by thwarting the us curbs. so you don't necessarily need, you know, like as much technology as as maybe people had expected. >> well, eunice, look, i want to believe that there is the united states is still ahead. and i know that that's really one focus, not really our focus with the chinese pass us the sputnik moment, but are we even sure? and do we know whether these people have 500,000 gpus or 5000 gpus? why should we trust the sto

they need to go to baidu or alibaba in order to do it.are you considering deep seek? are you looking at deep seek as a potential partner here? he wouldn't take the bait on that one. so maybe they're looking at it. but he did it. really talk too much about this deep seek moment and how it would impact apple. >> andrew okay. steve kovach on the west coast this morning. thanks for waking up early. >> thanks. not the data cube. >> haha. >> the borg collective when we come back, breaking. >> pce inflation data that's coming at 830 eastern time. but next, exxonmobil's chairman and ceo darren woods joins us on the company's brand new fourth quarter results. squawk box will be right back. >> ready for the big meeting. >> i have to write this project plan. >> i just need to reply to 40 emails. >> every day. your team gets sucked into endless writing tasks and every day hours disappear for everyone except pam. hey, pam. because pam uses grammarly's ai to write in a few clicks, not a few hours. it's one seamless experience everywhere, and it works f