the rtx blackwell family. caroline: let's go to our gamer in residence, ed ludlow, on the ground at ces. they were going back to the roots. but the stock doesn't like it. ed: yeah, i mean we have become so accustomed to the nvidia story of being dominant in the market for high-performance gpu's that go into data centers and train ai models, foundation models, that it is a going back to its roots story. taking the work it has done on those ai accelerators and putting them into a factor that is more relevant to the consumer. developers in particular. maybe the market does not understand that story. there was plenty of big picture from jen-hsun huang. blackwell is in full production. a kind of timeline or move into physical ai. robotics was driving. on the conversations we had around diversifying revenue, and hundred billion dollars of revenue is still data center chips. increasingly those high-performance graphics cards that go into the desktop, laptops, and something called project digits. there is a lot to dis

laptop launching in march, fully equipped with its blackwell chips starting at $1,299. by the way, that's about the exact amount that a mac if costs. at least at the same 15-inch size. that that -- they go up to about $3,000. he also announced cosmos, which will be the foundation for many new ways nvidia's building out physical if a.i. with cars, physical adoption of a.i. in our world, robotics, manufacturing, autonomous if technology and so much more. nvidia has also teamed up with aurora innovations. this is a good message about sort of the halo effect of what happens. now, nvidia may be down, but aurora innovation is way up, 30.6%, off the highs of the session, actually, because it's a got a partnership with nvidia that was announced. and then another also getting a boost, gaining 12.333%. the company is collaborating with nvidia on a.i.-embedded autonomous if driving applications. all tease innovations -- these innovations could not happen without nvidia's industry-leading a. a i. blackwell chip which he confirmed last night are now in full production. >> here it is

we'll see if we get updates on the data center side of things, blackwell, rubin. this is also the consumer electronics show. we'll hear about gaming, automotive, probably hear, as you mentioned, rumors, maybe that they're pushing into the pc space. probably hear a lot about robotics and a.i. at the edge. i think he's got plenty to talk about and plenty for people to still be excited about. >> how much is the story going to be what is being announced nvidia, not just nvidia-specific but, sort of the whole ecosystem of a.i., this becoming now the mainstream, it's not just corporations, a consumer product at this point, or we're enters that phase? >> yeah, i -- i hope we're entering it. and we, you know, we had some updates today, some keynotes from intel and amd, and they both talked a lot about a.i. pcs where we have yet to see that driving a lot of incremental strength in the pc market, but i think there's always hope. qualcomm, the same thing around a.i. smartphones. so, certainly, the technology is at the point where it is starting to get in consumer's hands. i

. >>> we'll ship more blackwell next quarter than this and more and that.ts it in perspective. we are really at the beginning of two fundamental shifts in computing that is really quite significant. >> that was nvidia ceo jensen huang on the earnings call last quarter talking about the up coming most mentum for the blackwell chips. the stock has been treading water, but has found momentum s of late. welcome back to "worldwide exchange." i'm frank holland. first, we kickoff the half hour with the stock futures. wall street had a strong close on friday. making all three of them positive in 2025. that momentum seems to be continuing on this monday morning. the s&p up 30 points. dow would open 60 points higher off the highs of earlier. nasdaq holding steady. we want to look at the pre-market action on the nasdaq 100. we talked about the chips moving higher earlier. chips dominating the landscape. fortinet is the cybersecurity company. as e turn back to the markets, one question for the investors in the new year, the direction of the momentum in the market with

blackwell. i'll shrink it and put it in there. does that make any sense?ou can't do that without artificial intelligence. >> a lot of show and tell during that press conference with jensen huang. huang announcing an expansion of the omni versus product with physical a.i. such as robotics is a multitrillion dollar opportunity as well as autonomous driving. it can simulate any environment in real-time. toyota is the first automaker to include the new operating system in the vehicles. huang says it is worth $5 billion a year and it will get bigger. >>> we are watching big money movers overseas and chinese tech stocks sinking as the u.s. a more names to the black list. we have eunice yoon with more on the story. good morning, eunice. >> reporter: frank, the pentagon added a familiar name tencent and eatl to the list. this means the companies are not able to sell to the u.s. military. that hasn't been the issue. what investors are concerned about is the reputational risk and what this could mean for these companies down the road. could they potentially be sanct

you have blackwell demand that is very good.omments from jensen huang about the level of blackwell demand being insane. he did not repeat those comments. the issue you are dealing with is blackwell demand is strong. it is supply constrained. hopper, the legacy product is the largest portion of the data center business. they will have a couple of quarters here where there is meaningful upside. the real upside is in the back half of the year when you get that full-blown blackwell ramp. people would like to hear that. i think they did hear that in some sense. they are trying to avoid the really strong statements about blackwell, because it is not the main driver of the quarter. that is the combination of blackwell at hopper. i am optimistic about how this plays out. i do see the upside being stronger in the second half of the year. for with the stock that has done so well, triple last year, how much is priced in? where are you telling people is a price target were people should feel comfortable? to this is less about the phenomenon

everyone here and now in the investor world wants to know about blackwell, the run rate, how it willat eight into the run-up -- ate into the run-up in the stock we have seen. the company was built on gpu's. he's going back to those roots. if the company like a company like micron searching today. its own memory chips are going to be within these gaming gpu's. to force --geoforce. it will predict what image is about to be generated and facilitate far better experiences. this is jensen huang trying to articulate yes, there are ai data centers but they are about more. there about gaming, robotocs -- robotics and autonomous vehicles. scarlet: the fact that these companies are in nvidia's orbit are seeing the orbits of being associated. what about the linkage to the white house and washington? i like how ed brought that in. have you paid homage to the incoming president? caroline: have you kissed the ring? he's willing to go. what was interesting was trump was on at mar-a-lago discussing a new $20 billion investment from the middle east to do what? invest in data centers in the u.s. those

add to this, the latest out of the information saying that yet more delays potentially surrounding blackwell that house their latest greatest chips. and very briefly with the information report here, is there anything new? we know that the latest innovations take time to roll out and perhaps it's not surprising that you get these snafus when it comes to glitches in the system. >> yeah, we don't know whether the reports are based upon fact or just speculation at this particular point. what we can say in fact is that the senior executive and his c.f.o. last week said no problems, the issues that we had trying to get broadwell to market are behind us, everything is going full tilt. very complicated system but we are making progress is what they said. >> there is a big head wind coming nvidia's way from the direction of washington, and that is in the form of these new a.i. chips curbs the biden administration announced this morning. the company has expressed unusally vocal opposition to this. where do you see this headed? is this something they could persuade donald trump once he takes office to

over and over he said we're ready to ship, blackwell ready to ship, blackwell shipping volume. therefore, you want to put the numbers up right now. i thought there would be people who say i've already heard this. remember the new thing, when we had it, go over it -- >> we knew this -- >> okay, which is the new? which is the new? david, there's a lot that was new. it just wasn't jensen just going wow, there's a wow. and by the way, you know what it started with -- >> tell me. >> a bartender making a drink. >> you've talked about them a number of times. when you were there for that. right. >> no, i'm just saying that -- i was spot on on that. jensen might listen to the show or something. >> as we start this year, there are a lot of -- it could be an amazing year for advancement in various areas of technology. whether it is robotics, as he said in this chatgpt moment where suddenly all the things you've talked about start to come to fruition. >> right. >> that we all have talked about. there will still be significant advances made in a.i. itself, salt altman quoted -- sam altman q

looking for new blackwell variants with more memory for a.i. processing and whether the ruben project set for 2026 is going to maybe come forward in the timeline. a.i. gets all the buzz given how much it can contribute to revenues, but gamers are expecting nvidia to unveil new gaming graphics cards. some talk nvidia might actually jump in to the a.i. pc processor market in direct competition with qualcomm, amd and intel. overall, keynote a driver setting the tone for a.i. in general and tomorrow the analysts q&a in the afternoon where we get some, if any,ful updates. helping to drive the stock. >> has been a stock-moving event. right? not just on the monday he delivers the address either. you've seen it on the tuesday and the wednesday following and this comes at a time where the stock seems to need a jump? >> precisely. that's why i put emphasis on tomorrow. sure analysts community will ask for specific questions about blackwell. my assumption that in the keynote focus more on gaming, maybe spectrum x, ethernet cables. very important to bring

but any details about the blackwell chip deliveries is the reoccurring reiteration. jensen huang promised more blackwell platforms than originally planned this quarter. we are looking for updates on those numbers. investors will be looking for a new variance from the blackwell family with more a.i. memory coming out later this year. whether the ruben project, the next iteration of the architecture set for 2026. there is a rumors attitude could come earlier. a.i. get the buzz, and gamers should pay attention. with the new graphics cards and the keynote there is also talk to nvidia jump into the a.i. pc processor market will put them in direct competition with qualcomm and intel. there is a lot of announcements i just went through but it could push nvidia against those two big concerns. and that was the blackwell delays and also there has been a lot of talk about competition from custom chipmakers like broad common. so look out for the keynote tonight. also important would be the analyst q&a tomorrow afternoon. will get more details about the financial target around 3:

traders are hoping for more details about the blackwell shipments and data center growth heading into 2026. it's going to be all about sustainability. >> if nothing else, it shows you how high the bar now is, right? >> when you have this substantial double-digit growth we've had over the last little while, blowing out of the park with every single earnings report, of course, expectations are high. and now sustainability is a major concern. >> yeah. all right, you'll let us know what he says at the bottom of the hour. >> definitely. >> thank you, kristina partsinevelos. steve kovach now for a look at apple and an interesting downgrade today. you do not see a sell call all that often. and they're really looking at that rise that the stock had since we sat together at wwdc, and saying kind of punk, based on what? >> that's exactly right. this is coming from moffettnathanson, putting the price target at $188, 22% downside from now and it's blowing up the bullish narrative that apple intelligence is going to spur a growth cycle. they're basically saying it's already baked into the price be

talk to us about demand for blackwell and these other chips? >> oh, boy, charles. attention to those big tech capex numbers. they are communicating something very important which is that demand remains as we go into 2025 even monumental, perhaps, from this last week, was that jensen huang said blackwell is going to be on time, that it's being qualified and in production at every cloud service provider. those are music to every investor's ears. nvidia has led this market. this historic bull market for two year. we want nvidia to be on time. they confirmed they will be on time and we're getting confirmation that microsoft and many others are ready to spend. that sets up a great market for a.i. come 2025. charles: beth? a lot of the names moved on this. a lot of smaller names i think were introduced during these presentations by jensen. aurora innovations for instance is one of them. you know, there's a feeling that these large names are going to eventually dominate and own all, everything and all these, you know, budding spaces but is there room as an investor for so

. >> i'm victor blackwell, live from the carter center in atlanta.s the nation and the world honors the life and the legacy of america's 39th president, any moment. >> six days of tributes and observances for the late president will begin starting in southwest georgia. the carter family motorcade is expected to arrive at phoebe sumter medical center in americus, georgia, in just minutes. their secret service agents, who protected president carter during his lifetime, will escort his casket to the hearse. >> and the motorcade will make two stops on the way here to the carter center in atlanta, where services will be held later today. they'll stop at the former president's boyhood home in archery, georgia, and then at the georgia state capitol here in atlanta, where he served, of course, as state senator and as governor of georgia, was a really big part of the late president's life. and you can see that through the events that are happening here over the next few days. >> yeah. and i know people have been showing up there at the carter center where you

i'm victor blackwell, live from the carter center in atlanta. this is cnn's special live coverage of what is the start of the late president jimmy carter's state funeral. right now, six days of events honoring the late former president jimmy carter have officially begun. they are underway. these are live pictures of the carter family motorcade. there it is on its way to georgia. i think we have one of the vehicles there that's providing security. just moments ago, though, we saw a tribute to the former president at his boyhood home and farm in archery, georgia. the national park service honor guard paid tribute by ringing a farm bell, 39 times, of course, for the 39th president of the united states. and this comes after former and current secret service agents who protected carter during his lifetime escorted his casket to his hearse in an emotional ceremony. cnn's jeff zeleny joins me now. and as we see carter's casket going from where his life began in southwest georgia, coming here to atlanta, where its political life began. um, let's start w

that dude's as big as victor blackwell. yeah.ar finishing off the ravens opening drive strike to rashod bateman, his first of two passing touchdowns on the night. call him joystick jackson because he's straight out of a video game, ducking and dodging, then dumping the ball to justice hill. touchdown 21 nothing at halftime. and then derrick henry, all 250 pounds of him all but sealing it in the third turn. 31 last week. but he still runs away from guys 50 pounds lighter than him. two touchdowns for henry. franchise playoff record 186 yards rushing baltimore wins 2814. here's jackson on what it's like watching derrick henry run. >> listen, it looked like a movie clip. like. you know, when he's like, i'm going to give you watch the movie cars a little bit too old to watch cars. >> but anyway, for kids i was a kid. >> when i watch kids, i have kids. >> i was a kid when i watched cars. >> that's all i'm saying. you know, when, uh, when lightning mcqueen just flying, flashing past, and then it's like, choo choo. that's how derrick loo

blackwell, after a distinguished career across four administrations, and as ambassador to india. richard fontaine is a c.e.o., long-time policy advisor to john mccain and worked on the senate foreign relations committee. after having published their co-authored book last year, these two strategists decided to team up again for another collaboration, this time on china-russia. this report is significant. it's hefty. it has 226 footnotes and that length of footnote is a signature of any collaboration involving a master. do look at the footnotes. a lot of time went into them. anyway, this conversation will begin in just a minute. it will be moderated by one of our members, one of my friends, bay fong, the president of radio free asia. they spent more than two decades in journalism. also a deputy assistant secretary at the state department. after that conversation, please stay around. we have coffee but more importantly, we have a panel with c.f.r. fellows elliott abrams, liana fix, shannon o'neil. we will discuss the global profile, how are countries around the world looking at this

now, you also have another product cycle coming in the second half of the year, blackwell ultra.w those kind of product cycles get jammed into one another. and that is under consideration from big customers saying do i want to deploy blackwell and these are all things in the mix. the underlying premise that demand is well ahead of supply will drive numbers in the second half of the year. jonathan: i will not ask for a bond target or where you think yield should be. chris: thank you. jonathan: looking back over the last several years, how has the stock tolerated the bouts of high yields, and we saw this again in 2022, 2023 and a bit in 2024. how does the stock usually do? chris: with rates that concern is what happens in the multiple. high multiple stocks as rate change becomes a concern. for nvidia and given the pullback the stock is trading in the 20's. considering the growth rate of this company this is a very reasonable multiple for a company that has been growing at this rate. at that basis given the relatively moderate valuation, rates do not concern me. jonathan: we appreci

blackwell is a great stock it's a different area. stocks come down 100 points.e great words. i will pass it on to the staff it seems like the supreme court is the only thing standing in the way of a tiktok ban. no one is talking about. since this isn't a partisan issue. it's a tossup what will happen stay focused if meta wins -- they would be the winner if tiktok is banned watch more "mad money. i'm breaking down the decline in food and beverage stocks your calls, rapid fire, the lightning round. stay with cramer >>> every year we make it a point to attend jp morgan's health care conference in san francisco coming up next week. it offers access to the top ceos in the industry. it's the most important health care event of the year some people feel it's the most important conference of the year we get a preview of what we can expect from lisa gill, managing director of jp morgan. welcome back to "mad money." >> thank you i love coming every year >> thank you i know you will start things off by taking to your ceo. can you give us a preview about what you will discu

gentlemen, we have this piece of an application here from this miss elizabeth blackwell. she wants to come to school here. what do you think? and they go, yes, yes, yes. please send. her on. so she came. now, what was great for the professors about being there is is suddenly the men were very whenever she was in the classroom with them but they didn't quite know what do with her because she wasn't allowed to help people in the hospital because for the same reason she can't be men to whom she is doesn't have a faint familial relationship. so they they let her work on women and children instead. so she still got skills. when the war broke out. so that something has to be done here. we need help. the medical profession is going to need help. so she offered to train women to be nurses. so they were getting the top notch information and guidance as to how they should treat soldiers. she's also the one who said we need supplies and we need a way of getting the supplies and getting them to the soldiers. so she's the one who basically founded the sanitary idea. unfortunately yes,

the orders for the blackwell chip.ant is the data center world to everything that we're going to see on the floor of ces? >> well, data centers are extremely important, and they're certainly feeling -- fueling part of nvidia and other companies' growth. but we're also seeing other products. obviously, the government gave a great boost the electric cars, and we'll be talking about something we haven't focused on before and that's quantum computing what's interesting about quantum is it's like a.i. on steroids and does so much more. but there's a challenge there we'll also be talking about for the first time because we always used to assume it, electricity availability. these devices and electric cars use a lot of electricity, and we don't have it yet on the grid, so we've got to start moving quickly. and that's why there's a focus on nuclear and wind and solar and hydrogen and even traditional oil and gas and things like that. it's just not simple of just biodegradables. you have to have those transmission lines, and th

we're a hearing this is part of the blackwell series, the rtx5080, 5070. about the 5080 that comes out. a lot faster chip. again, part of that big blackwell unveil that people are really excited for. ashley: interesting. speed, that's what it's all about. let's move on to apple, if we can. apple apparently offering new if iphone discounties in china. do we know why? -- discounts. >> well, they have competition with huawei. apple historically has been hesitant to issue discounts, but we are hearing in china you get about $70 off the iphone 16 and the 16 pro max. their overall market share within mainland china is down 14% and they have seen slowing sales. so in part competition with huawei, cutting prices to see if they can make up in volume the help regain that market share. ashley: very good. apple down more than 1% this morning. this is an interesting one, chip maker -- just announced a partnership with google. what's that all about in. >> you've got a partnership with google, safe to say your stock will go up. that's what we're seeing today. again, thin

number would be any update on the blackwell production.rnings, in november, nvidia did say that they are shipping more of these blackwells than original anticipated, but didn't actually provide us with the numbers. maybe we'll get some type of financial updates. and rubin, which is the next iteration of these gpus. think of it like a family. and last but not least, this is another rumor, that nvidia may launch an ai cpu. so specifically for computers. they focus on gpu, this could be brand new. they're definitely heading in that world, to compete directly with amd, to compete directly with intel, as well. so lots to go over, but those are the four main points for nvidia. >> kristina, thanks very much. we appreciate it. it's going to be a busy week on the tech front. >> yes, because as we mentioned, the tech world is focused on the consumer electronic show known as ces, but there's another big event looming, which also has caught the attention of many tech ceos. and that is the inauguration of one president, donald j. trump. >> never heard

they said blackwell is shipping beyond their expectations. but if they're not upping the guidance and one product is doing better than expected, the other product is not. so we have to think that going forward in a lot of every single year we have this moment of transition from one product to the next, especially nvidia creates this annual cadence. that's something important for investors to keep in mind, that customers are going to hold back and wait for the next iteration of the gpu. that's number one. number two, overall, we got a lot of robotics and gaming, but that's not near term catalyst. so that's probably why you saw more of a negative react ion right now. >> kristina, thanks. kristina partsinevelos, appreciate you on that. let's bring in malcolm etheridge of capital area planning coat. you hold apple, what do you make of these reports and the question that i asked steve kovach, at what point do you say, as an investor, you know what, maybe this is going to be different than i thought? >> yeah, scott, i've been making the case to you

the new chips known as ge force rtx 50 series will seuss the same blackwell a.i. architecture for these chips. it will be faster processing and better quality graphics as well as the ability to process large language models. now these graphics will come pre-installed on computers, costing around $550 to $2,000. and they will be available for shipping from march. this is nvidia going back to its gaming roots as it continues to pursue the lucrative a.i. data centers as well. elsewhere in entertainment news, disney announced it will combine disney+ live streaming versus with fubo. with the focus on entertainment and sports. this comes after fubo brought a lawsuit against disney over its plans to launch a sports streaming service, arguing it would be anti-competitive. there were no announcements on monday as to whether disney will do that. fubo stock soared. >>> still to come, is will smith entering the matrix? >>> and challengers wa, reberemo on zendaya's hitting the red carpet with what may be a huge gift. dad, we missed you! daddy, hi! subject 3: goodness! my daugh

however, according to the prisoner records kept by the germans. blackwell was registered as being born and 1923. the federal search in the and we'll go meet the advice that you manage and says like, why women law 90 to a can we put that to, you know at those meetings about to get a septic of a, the, the, the jobs and these to be able to get something they go, this will be put in the list by the brand called the mortgage and the mesquite, the brush row grabbing them. yes. still a little go on this little girl will be a little good out. most of the time might be to you ma'am, now me and the plus it is a simple to a name see and the my moga memorial parkway, village street, the we all know in the to get on, you know, the more real complex which is a part of the enormous, you'll see, and what's the complex where at the start of the, the trip for many of the prisoners that were sent to norway during the 2nd world war, 4049 prisoners were sent from the both sylvia and the independent states. so that grace to norway and half of these prisoners came from serbia. the rest came from the, the ind

i'm victor blackwell. >> happy new year. it's good to have you back. >> yes, it's been two weeks. >> good to see you. it has been two weeks. i've been counting. i'm amara walker. thank you so much for being with us this morning. we are tracking the latest developments out of california, where devastating wildfires are blamed for at least 11 deaths so far. you're looking at brand new video taken early this morning over los angeles county, where the palisades fire rages on and it is quickly moving east. it is one of at least six major wildfires torching southern california. it's barely contained, but some of the smaller fires are nearly out. in all, nearly 36,000 acres have burned, more than twice the size of manhattan. red flag warnings for high winds did expire last night, so firefighters say they hope to make more progress soon. >> then we're just dealing with normal red flag conditions, which is totally different than the monstrosity that we've been dealing with. we have all the units in place. we've got over 3000 firefigh

i'm danny freeman in for victor blackwell january 4th, 2025. >> happy new year. >> happy new year to you. >> good to have you back. >> i'm amara walker and here's what we are working on for you this morning, remembering president jimmy carter in just hours, the former president will leave his hometown of plains, georgia, for the last time as he begins his final journey to atlanta and then ultimately washington, dc. we will go in depth on his enduring legacy of service to the nation and the world. >> plus, days before he is set to return to the white house, president elect donald trump will be sentenced in that new york hush money case. we break down the new developments with our legal analyst coming up ahead. >> and house speaker mike johnson is keeping the gavel after a dramatic, razor thin win last night. how the narrowest house majority in nearly a century is already shrinking even more. >> and we have the chilling messages left behind by the decorated active duty soldier who blew himself up in a cybertruck outside of the trump hotel in las vegas. >> and also, we've got snow, ice

victor blackwell, cnn, los angeles. >> and be sure to tune in the all new cnn film luther.too much premieres tonight, 8 p.m. eastern and pacific. we'll be watching. coming up, we'll get back to our top story, the breaking news out of new orleans. stand by for all the latest details on the bourbon street massacre. can't fool myself. it was the most exciting time in the world. >> his life had extremely joyful moments and some really difficult moments. you only come across an artist like luther vandross once in a lifetime. >> luther. never too much tonight at eight on cnn. >> why do nfl players choose a sleep number bed? >> i like to sleep cool and i like to sleep even cooler. >> and i really like it when we both get what we want. >> introducing the new sleep number. climate. cool. smart bed. sleep up to 15 degrees cooler on each side. visit a sleep number store near you. >> sore throat. got your tongue? >> mucinex institute. sore throat medicated drops uniquely formulated for rapid relief that lasts and lasts. that's my baby. try our new sugar free cough drop. instant. soothe

it is saturday january 4th i'm amara walker and i'm danny freeman in for victor blackwell. >> here's what we're working on for you this morning i should say remembering president jimmy carter. in just hours, the former president will leave his hometown of plains, georgia, for the last time as he begins his final journey to atlanta and then washington, dc. we're going in-depth on his enduring legacy of service to the nation and the world. >> and just days before he is set to return to the white house, president elect donald trump will be sentenced in the new york hush money case and a cnn exclusive. >> the new video showing what the suspect in that new year's day attack in new orleans was doing just moments before that deadly rampage. >> and the strongest storm of winter is ramping up. meteorologist allison chinchar is tracking the snow, ice and severe weather threat stretching more than 1300 miles. well, today begins six days of tributes to the life and legacy of former president jimmy carter. the public observances begin and end where it all started. excuse me. for jimmy carter in r

huang said the new products, which uses its blackwell chip, will deliver breakthroughs in ai graphics. he also rolled out a $3,000 desktop supercomputer. >> this is nvidia's latest ai supercomputer. [applause] and it's fondly called project digits. this is an ai supercomputer. it runs the entire nvidia ai stack, tens of thousands of people are expected to attend the conference, which runs through friday, along with artificial intelligence. >> autonomous vehicle technology seems to be everywhere this year. rain or shine. mail carriers make the rounds to deliver your mail, but one postman in lafayette has been at it for more than four decades. today, neighbors showed their thanks to a man who they say is like family. as ktvu jana katsuyama spoke with them as they delivered their special surprise. >> postman jeff, out on his route, rolled up to each house as he does every day, making sure the mail gets delivered. only this day is different. >> you know i'm not going to get any work done today. they'll probably end up firing me for that. >> no, not likely he'll be fired because after this

blackwell, after a distinguished career across four administrations, and as ambassador to india. richard fontaine is a c.e.o., long-time policy advisor to john mccain and worked on the senate foreign relations committee. after having published their co-authored book last year, these two strategists decided to team up again for another collaboration, this time on china-russia. this report is significant. it's hefty. it has 226 footnotes and that length of footnote is a signature of any collaboration involving a master. do look at the footnotes. a lot of time went into them. anyway, this conversation will begin in just a minute. it will be moderated by one of our members, one of my friends, bay fong, the president of radio free asia. they spent more than two decades in journalism. also a deputy assistant secretary at the state department. after that conversation, please stay around. we have coffee but more importantly, we have a panel with c.f.r. fellows elliott abrams, liana fix, shannon o'neil. we will discuss the global profile, how are countries around the world looking at this

today we are announcing our next generation, the rtx blackwell family. >> let's cross over to ed ludlow , who joins us from las vegas. this is a company you know well and a ceo you have interviewed a number of times. talk to us about what he outlined with a particular focus on the new graphics card. >> it is kind of them going after everything left in the world of ai, going back to their roots. their history is in gaming gp used so if you're a nerd that likes to build your own high-performance computer you would likely have an nvidia gpu. we got used to the idea that they are this stalwart provider of gpu's and data centers and what they announced and what these images are showing our them taking that work and making high-performance gp use for the consumer and for developers that are a fraction of the price of the prior generation. data centers are like 100 billion for the full year but in a future where ai is everywhere i think he has his eye on other markets. >> it's fascinating as a diversifier. does that speak to concern for you amongst nvidia that maybe it is overexposed and this

the ceo unveiled the breakthrough gaming chips built on the blackwell architecture for the a.i.ries uses a.i. to enhance everything from graphics to character facial details. you can impair the price from $550-$2000 using micron memory. here he is now. for you get this incredible graphics card. we will fit it and put it in there. does that make any sense? well, you can do that with artificial intelligence. >> u.s. 20 gray jacket. he is looking at the only person showing physical a.i. . these are tools that computers can simulate any environment in real-time. that is bringing automation to warehouses. he said there will be digital twins. you could have a replica of your warehouse online you can move things around to make it more efficient. he said it would boost humanoid robots. he talked about driver assistantships and software for the auto space. toyota would be one of the newest ones to include the operating system. as for this business, for us, notice in just a few of these cars are starting to ramp up into the world, our business is $4 billion. this year, we are on a run rat

it's a stealthy blackwell who fielded the ball. the punt team can't see where it is going.look for the returner. it's a 94 yard punt return for a touchdown. and the final play of their season, the bears would beat their long- time foes for the first time in six years. game- winning field goal for a 24-22 win. here's a look at the playoff matchups. the chargers and texans get wild card weekend started on saturday, followed by steelers/ravens. a triple- header on sunday with the bills hosting the broncos. the packers taking on the eagles in philly. the commanders going to tampa to face the bucs. the action wraps up monday night with the vikings flying west to play the rams. now, the patriots, they were all set to land the number one overall pick in the next nfl draft after an abysmal season. sorry, john berman. but they beat their division rivals, buffalo, who sat a lot of their starters, losing the top pick. afterwards, new england firing head coach mayo after just one season. now, the four- win titans secure the number one overall pick. there will likely be more coach firin

we're talking about microsoft, aws, google and meta are reportedly hitting snags with the latest blackwell chips and they're dealing with overheating issues and glitches and the information is reporting some might actually scale back their orders. not great timing when the cloud giants are also racing to build their own ai super computers. hsbc just weighed in with a warning on supply challenges and they're saying these issues could drag on through early 2026 and they're skeptical of nvidia beating revenue forecasts by $2 billion each quarter which brings up the question of sustainability, and then there's another twist. remember the biden administration rules about exporting chips? bank of america, wedbush, they don't think it might stick and here's why. there's a 190-day comment period which means trump, once his administration goes forward, they could potentially revise these restrictions. right now about 15% of nvidia's total revenue is exposed to china, but that portion has declined just over the last few quarters. yes, it's higher compared to q2, but they do say it's declining, and d

we want news about the blackwell chip, the key growth driver for the future of the company.hat has been robust demand. as any supply constraints or have the manufacturing glitches iron themselves out in the full steam ahead. any news about the future growth for the company. >> if he makes any statement that maybe things are not quite the way we would like. watch out. >> round pins and needles but we will have to watch and see how it goes tonight. >> he is a powerful guy, check out microsoft. brad smith is the president. he is saying something about a.i. data centers. what is he saying. >> there going to spend 80 billion with a b on a.i. data centers by june of 2025 which is the end of the fiscal year. this is incredible we have come full circle remember with meta the year of efficiency tightening our belts. as catholics worth is it not. now are coming out full force microsoft saying a.i. data is the future and responded $80 billion on companies like smc who make a.i. data centers surging on the news but incredible comments from brad smith on friday. >> 80 billion by june of

is this the blackwell chip we're talking about? >> yes. stuart: or something else? >> yes.o everyone -- the main headlines i took away from jensen huang's speech at ces was this new laptop that was coming out. to me, that was a side show. what i took away from it was the amount of compute, the amount of power. if you think of it like a car, the v8, v12 the engine needed to create the large language molds is going to increase on an exponential basis. you can get three times the amount of compute or power, or you could spend a third of the money and get the exact same power that you were getting a year ago. so as, as more data's created over time and it's the happening on an expone known, basis, so all of the the data created from the history of time until the end of the year 2003, we new do that every two days. in a couple years that'll be one day, then it'll be 12 the hours, then 6 hours. this is a hockey stick type growth. you're going to continue to need more power, more power. so the bare argument against -- the bear argument against nvidia is that the it's hardware, and

elliott: i would only go back to the beginning to a bob blackwell said, ingredient to this is raw power. and what troubled me, what worries me is the united states is absolutely not making the needed investment in straight military power. rush: i would just add the question of whether the accommodation or war is a perennial question politics for anything. war happens because a country wants to achieve a certain name through the threat or use of military force. for us in the cold war it was fought between those extremes and so the question is if we are in an era of extremely intense peacetime competition how do we win that. the foundations are america's strength in here at cfr on the china question we've china policy accelerator focus on what happens -- has to happen at home. how do you make your critical info searcher can get hacked. it's not new but it's news today. how do you fix your economy. i think you're able to do those things you can shape that piece in a direction you want it to go. that is the question. the adversary gets a vote on whether they use force. we have time for more

we're getting new chips based on the same blackwell architecture, we know about that for a.i., but thisp, pcs when it comes to gaming. they're partnering up with micron where micron's making the memory for the gpus. if you're a big gamer, really like what you heard yesterday. stuart: i want to hear about uber partnering with nvidia because that, to me, is a very big deal. i've got a sliver of uber. >> yes. their partnering to to make autonomous driving a little bit better. uber has said they're going to be pairing the data they're getting from uber's trips with the nvidia platform to help make sure the a.i. models are working more efficiently. basically, western get better autonomous vehicles on the road given the data we're getting from these two companies. stuart: we've got all kinds of changes the free speech announced this morning by meta. including they've ended their fact-checking program. that's a very big deal. is that effective immediately? >> we think so. because with the new program that they're laying out which they're calling community notes, they say it will be rolled out

it uses a blackwell chip, but they partner pd up with a are cp if u from media tech as well.g this, like, the a.i. supercomputer that any a.i. developer now could get their hands on this little thing. it looks amazing. we'll just have to see, again, the cost of $3,000 how it's put in use. stuart: but nvidia's putting this thing out. it's a physical, tangible thing, yay big, $3,000. a. i. computer. >> yes. stuart: speak of nvidia, what's' jepsen wang saying about quantum computing -- jensen huang? if he didn't say anything nice. >> it wasn't great. he said if you told me a quantum computer would be here and be very useful in 15 years, i would tell you that's a little bit too soon. 30 years is a little bit too long. he said maybe about 20 years. you had all of the quantum chips falling on that news. we were hoping there would be a more useful quantum computer before then. sort of vetting our expectations and saying a really serious, full-use one still about 20 years away. stuart: okay, got it. why is palantir down so much? off nearly 2%. >> yeah. you know me, look, these are in

they are shipping hopper and blackwell this quarter. they said that they probably will do a bit more, but they weren't going to change the actual number for guidance, and said supply will always be a situation. there's nothing we can build that will be unlimited. but -- so that's for the hopper. everybody wanted to hear about the data center sales that we didn't get in the keynote yesterday. for future growth, they spoke to two major drivers. the first one is general purpose computing is dead. hand coding is dead. he's saying that all these data centers, which we've heard before, need to be updated. and he was, dare i say, a little bit -- not aggressive, but maybe more affirmative in all his commentary, saying that if you're not putting accelerated computing and machine learning, you're doing something wrong. it makes no sense. he went on to say, if you don't have just a.i. within your system, all of his software engineers need to use a.i. chat bots. they mandate it, and that was a quote. so, he went on to say if you're not incorporatin

data centers, the blackwell,s which is very expensive. i mean, they can't make must have of them. charts of these companies that have started to get hurt as far as their stocks are concerned in the wake of these kinds of executive orders, but we don't want to give china the lead by giving them the very material that can help them grab the baton and run away with it. >> exactly. so the chips act that was done a while ago is one example we should look at. if you're aware, there's a model that china put out recently called the the keep sea version 3 that's -- deep sea version 3 that that's close to american's close source frontier models. and it was -- h-800 chips which are not as good as the h-100 chips. so essentially, it's 2,500 gpus or that were used, lower than what was needed to the train the american frontier models. and that model is just trained for, like, two months on second-tier chips but a fraction of the budget, and it rivals america's best models, and it's preetly open sourced. -- completely open sourced. that's actually not great because if people, developers in ameri

we know blackwell sold out. so of those names i think you'll see dispersion. i think nvidia will do well this year. and i think, you know, valuations do matter and the starting point right now is not great for a lot of these names. >> yeah, as we keep holding out, nvidia has consolidated and invited its time in the last six months or so. we'll see if that's a launchpad or a little bit of a further churn. and, brynn, just while we're on this topic of the give and take within this group, tesla a big downside mover, i know you thought the stock got ahead of itself. how are you thinking about it right now? >> i have been talking the last few weeks, fundamentally, they need to sell more cars. we got a peek that, hey, their cars were light, but the market wanted half a million in sales, and while china sales were record for 2024, you still have in china there is so much competition and so i think this is a gut check for investors that valuations and fundamentals do matter. so i think the stock probably has a few more days of weakness. this is a great time, last week