bailey lipschultz joins us now. n feels a little bit of a way to navigate a risk factor for valuations. what are people across the street saying about what that means? bailey: the downgraded jp morgan was predicated on that. is higher than the value that chipotle gets and is the gold standard. whether double what -- when you look at each restaurant on average over the last year is closer to 2.75, less than $3 million in revenue per storefront, that's kind of a job dropping multiple. for the $10 billion valuation. the stock is up 4x, 300% from going public year ago. that is join questions. when you look on the comp races, portillos. wing stop only at $5 million per store. this is a company predicated on the fact they want to get to 1000 restaurants in the next decade. when you look at the growth it's predicated on it's really outstripping the current valuation for the company that only has a handful of proteins. sonali: yeah. have you had cava? bailey: i have not, which feels a good crime. sonali: plenty of protein. t

we are doing that with bailey lipschultz. quite overall with a little of action underneath? bailey: we want to start off with autodesk coming out after star board announced a stake of $500 million, pushing for the company to delay the general meeting saying that they botched the handling of an accounting probe that did not actually have a massive impact on the underlying business, but did cause some concern from the investment community. the stock from that february 9 high, down 50% before this potential lawsuit urging the company to delay its annual general meeting so that they can kind of position some members to be potentially added to the board, given, as they view it, the botched handling of that accounting. katie: courtroom drama boosting the stock. you were just talking about this with marianne, broadcom really breaking out. bailey: really breaking out and you mentioned ahead of that stock split. stock split for both companies that have high sticker prices and you can see now a sharp move higher. 1813 on the handle. the stock has more than doubled in the last 12 months

bailey lipschultz, great to see you.umbing up, it's apple's turn to show off its ai prowess after a string of announcements from major chipmakers. more on the annual development conference, next. this is bloomberg. ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. ♪ katie: it's a moment of truth for apple. the iphone makers set to lay out its vision for ai at its annual worldwide developers conference, kicking off later today. let's go to the ground with jackie dobb los who is there. this narrative has weighed on apples stock when it comes to ai. what are we expecting to hear today that could shift the narrative? >> we are expecting a big keynote address that starts at 10:00 a.m. pacific

bailey lipschultz. no one is laughing this time. meanwhile apple, let's talk about that.introducing a new homegrown app called passwords to make it easier for customers to log into websites and software. let's bring in bloomberg's mark gurman. plenty of people use one password and it is clunky but it makes us feel satisfied we have enough protection. what is apple offering? mark: as part of the company's next operating system updates they will launch a load of new features from ai to new types of emojis the new texting features. one new application that is part of the story will be passwords. it will be a dedicated app where you able to store all of your login information for websites, secure wi-fi passwords, you will be able to use past keys, which is a new issue from apple and google and a few other tech companies where you use face id or touch id in lieu of a password and it is an encrypted phrase that is stored directly on your devices so it will support that as well. the idea is it will get more people to securely encrypt and store their passwords. this is going to b

we are going to check in with bailey lipschultz. happy wednesday. bailey: i thought it was tuesday. [laughter] best performer, hp enterprise, all-time high, up 14%, beating expectations and analyst meeting -- saying the ai driver is raising those results. it seems like a solid beat of her company that 18 months ago was one of those stocks investors were debating around how could they capture ai enthusiasm and it seems like when you look at the chart, doing very much that. katie: let's talk another having a good day, crowd strike. we have seen of hearing but a solid up. daily: beating expectations and delivering a boost for guidance. we look at crowd strike, the stop felt almost 10% last week when salesforce reported results that took a lot of the wind out of the software narrative. when you look, it looks like a strong result and analysts calling of the ability to generate significant return revenue, free cash flow relative to what wall street is looking for. they are up four point 5%. i like to keep things relative but still below levels of the week ago. katie: let's talk about dol