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>> broadcom had projected confidence in december. difference about this company and its leadership particularly, the ceo is they have very carefully managed supply even when there was great , elevated demands. they did not want to see two great stockpile. that is the first point. there is some evidence that at least in the corporate spending theater, bucking the trend in terms of the relevance of their products is still there. they are heavily reliant on apple, who are at this time there single biggest customer. that was a big part of the prediction projection of $8.7 billion revenue in second quarter. above expectations, they fixed the narrative of the earnings season that the market is rewarding bullish when it comes to guidance. kriti: rewarding bullishness but also rewarding key phrases. say the word ai, it feels like it since the stock on a rocket ship. rod calm did that -- broadcom did that. how is a chipmaker going to diversify ai? ed: they talked about the man there, elevated demand in the short term due to interest in ai par
>> broadcom had projected confidence in december. difference about this company and its leadership particularly, the ceo is they have very carefully managed supply even when there was great , elevated demands. they did not want to see two great stockpile. that is the first point. there is some evidence that at least in the corporate spending theater, bucking the trend in terms of the relevance of their products is still there. they are heavily reliant on apple, who are at this time there...
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Mar 2, 2023
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a lot of what broadcom does go into smart -- broadcom does does go into smartphones.porate spending is going to be interesting. there is evidence that people are investing to a downturn and spending to protect growth on the others. he will get a good lens globally because both companies offer globally. kriti: bloomberg tech anchor ed ludlow. who better to walk us through the stories? you can ask him about any company, he would walk you through the details. coming up, td bank reporting earnings and completing its one point $3 billion acquisition of cowen. we are going to get inside on the stock as well from jeffrey solomon, president of td callen. this is bloomberg. ♪ ♪ go. go brain. no, not that one. go this one. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. old school hard work meets bold, new thinking, ♪ to help you see untapped possibilities and relentlessly work with you to make them real. ♪ kriti: this is bloomberg markets. i'm
a lot of what broadcom does go into smart -- broadcom does does go into smartphones.porate spending is going to be interesting. there is evidence that people are investing to a downturn and spending to protect growth on the others. he will get a good lens globally because both companies offer globally. kriti: bloomberg tech anchor ed ludlow. who better to walk us through the stories? you can ask him about any company, he would walk you through the details. coming up, td bank reporting earnings...
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Mar 2, 2023
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i feel pretty good about the guidance for broadcom.ight be very sloppy and a lot of that is because enterprise is still under pressure cloud is still under pressure. at the end of the day they have 31 billion in backlog. the stock has massively lagged this up 35% generating $16 billion free cash flow a year. they increased their dividend last quarter buying back stock. i like this company. it may be down at the fringe but i think it would be an opportunity because i like the setup for 2023. >> there are pockets where your lips are moving and i can't hear a word of what you're saying. >> trying really hard. >> i'm being honest with you, steph. >> santoli is benefitting sitting next to you. >> now they're quiet >> exactly please, chips. do you feel like the worst is behind the space >> well, micron didn't have great commentary today, right? but then begin it didn't kill the market, right? it was dan loeb who is buying semis. there are pockets within the semis. semi cap equipment it is really iffy and longer term broadcom, not only do i l
i feel pretty good about the guidance for broadcom.ight be very sloppy and a lot of that is because enterprise is still under pressure cloud is still under pressure. at the end of the day they have 31 billion in backlog. the stock has massively lagged this up 35% generating $16 billion free cash flow a year. they increased their dividend last quarter buying back stock. i like this company. it may be down at the fringe but i think it would be an opportunity because i like the setup for 2023....
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Mar 2, 2023
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google is partner with broadcom.2016, they made this ai chip that will be used or has been used in their products so will this continue to flourish and grow so that it too -- broadcom can benefit from the ai commentary that we're hearing in every sickle earnings call the last one is the vm deal. eu regulators are putting out another anti-trust warning so that's a big overhang for the company. >> great point steve, what would you do with the stock? >> so for me, i'm afraid to say sell it. so i'll say hold it, because as she just reported, everything sort of hinges on vm ware. this is a networking stock that leads in the semiconductor space in that area with a software solution so they need vm ware and also, kelly, this has been a very inquisitive company in the past so they lead in software security, they lead in networking this is something where they sort of need this. what's interesting about the stock, it's above all its moving averages, and right around the level where the vm ware deal was first announced. so thi
google is partner with broadcom.2016, they made this ai chip that will be used or has been used in their products so will this continue to flourish and grow so that it too -- broadcom can benefit from the ai commentary that we're hearing in every sickle earnings call the last one is the vm deal. eu regulators are putting out another anti-trust warning so that's a big overhang for the company. >> great point steve, what would you do with the stock? >> so for me, i'm afraid to say...
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Mar 2, 2023
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one of our traders is watching it now broadcom is out with earnings and we'll dive in next don't miss with eamon javers right here on cnbc at the top of the hour stay tuned lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. >>> welt committee back. we've got an earnings alert on broadcom the conference call under way and kristina partsinevelos is here k. part. >> it remains resilient with double digit growth with lead times around 50 weeks. cisco reiterating the same trend in their earnings report broadcom makes chips used in data center for networking as well as ai chips the ceo said he expects exponential demand from hyper scalers and forecast and the ether net switch
one of our traders is watching it now broadcom is out with earnings and we'll dive in next don't miss with eamon javers right here on cnbc at the top of the hour stay tuned lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's...
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Mar 3, 2023
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. >>> after the break, meta and broadcom near the tom of the s&p. plus, retail's recession playbook with costco and nordstrom on the move after earnings more "squawk on the street" is next go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-376-4376. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. the
. >>> after the break, meta and broadcom near the tom of the s&p. plus, retail's recession playbook with costco and nordstrom on the move after earnings more "squawk on the street" is next go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. municipal bonds don't usually get the media coverage the stock market does. in fact, most...
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broadcom hovering around the top of the nasdaq and s&p 500 after after the semiconductor maker reportedtronger results, broadcom also said it expects a big boost from ai chat bot demand, we're talking about that a lot these days sales of the networking equipment for ai applications is expected to rise from $200 million last year, you ready for this? to more than $800 million this year, and that is not the only company benefiting in the space. c 3-pointai is surging 33.5% after the enterprise artificial intelligence software company posted stronger than expected third quarter results, and upped its guidance for the current quarter. the companies adjusted loss was $0.06 a share a lot narrower than the $0.22 wall street was expecteding. ceo noticed increased interest from tapping ai capabilities such as chatgpt. that's an more statement, increased interest, skyrocketing interest. shares of ai and machine learning data analytics are also on the move big bear up 15.5% and sound hound up 22%. it's not just an all-ev world out there. ford shares are going higher by 4% after the auto maker said
broadcom hovering around the top of the nasdaq and s&p 500 after after the semiconductor maker reportedtronger results, broadcom also said it expects a big boost from ai chat bot demand, we're talking about that a lot these days sales of the networking equipment for ai applications is expected to rise from $200 million last year, you ready for this? to more than $800 million this year, and that is not the only company benefiting in the space. c 3-pointai is surging 33.5% after the...
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first, let's start with this , the behemoth, the big one, broadcom, because they posted their numbers after the bell like a $9 billion almost in revenue but i didn't read or listen to the conference call but i printed it out and all i saw was ai generative ai. it's a small amount of money, but it dominated the conference call and management expects exponential rise in demand. why is this so fascinating and why is this one of the reasons the stock is up so much? >> yeah, absolutely. thanks so much for having me. look, i think that it's important to kind of set the stage and say this , all the chatter around generative ai and chatgpt i do not believe it's over-hyped. i think this is the fourth biggest revolution in technology in my lifetime going back to the internet in the 90s, mobile computing, cloud for enterprise software, and now generative ai that has actual consumer grade interfaces like we see with chatgpt so this is a game changer and it will have repercussions throughout technology and society. you know, and with the caveat that i don't cover broadcomm, there's a lot of infras
first, let's start with this , the behemoth, the big one, broadcom, because they posted their numbers after the bell like a $9 billion almost in revenue but i didn't read or listen to the conference call but i printed it out and all i saw was ai generative ai. it's a small amount of money, but it dominated the conference call and management expects exponential rise in demand. why is this so fascinating and why is this one of the reasons the stock is up so much? >> yeah, absolutely. thanks...
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i'm not sure if i'm going to buy it right here, but something like a broadcom's acting well.ly acting -- meta, actually acting well even off bad numbers because i think that at official intelligence thing is maybe going on, nvidia also. there are things in the my sight, i just have not bought 'em yet because most things -- i'm just taking my time. stuart: it really is a difficult stock market because you've got, what is it, you've got the jobs report tomorrow. that could move the market. you've got the cpi next week, that is correct move the market. and you -- that could move the market. very risky time to be putting your foot into stocks rights -- right now. >> yeah, look, you've got higher rates, liquidity coming i out. but just remember i'm really a big believer, you really can't sop the ingenuity and the hard work of the american people to the create new companies, new businesses. just remember in the '80 we didn't know what the internet was. maybe artificial intelligence is the next big thing, i don't know. what i can tell you no matter what the market because in the nex
i'm not sure if i'm going to buy it right here, but something like a broadcom's acting well.ly acting -- meta, actually acting well even off bad numbers because i think that at official intelligence thing is maybe going on, nvidia also. there are things in the my sight, i just have not bought 'em yet because most things -- i'm just taking my time. stuart: it really is a difficult stock market because you've got, what is it, you've got the jobs report tomorrow. that could move the market. you've...
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when i see things like broadcom acting like it is that is good news.o i'm watching. more of that the better. remember, eventually the market will take over. greatness will take over. find the companies growing, 50, 100% a year they will cut through all the mustard of interest rates, the fed or anything else under the sun. that is what i try to do on a daily basis. charles: broadcom earnings report, kind of reminded us of this thing called fundamentals. we don't talk about it anymore. >> does matter. charles: to your point the fundamentals always rice to the top, give it a chance. always rise to the top. gary, thanks a lot, my friend. >> thanks, charles. charles: folks, coming up my takeaway on the backbone of the economy. i'm talking about our truckers. first, the worst-case scenario for long-term portfolios, how to hedge it. this is reality. folks, callie cox is one of the best out there helping investors. she is with us next. ♪. ...will remain radioactive for years to come. well, thank goodness. it's time for the "good news of the week." and, boy, do
when i see things like broadcom acting like it is that is good news.o i'm watching. more of that the better. remember, eventually the market will take over. greatness will take over. find the companies growing, 50, 100% a year they will cut through all the mustard of interest rates, the fed or anything else under the sun. that is what i try to do on a daily basis. charles: broadcom earnings report, kind of reminded us of this thing called fundamentals. we don't talk about it anymore. >>...
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Mar 10, 2023
03/23
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so all you have to do is sort of juxtapose intel against broadcom. semiconductor companies ostensibly, you know, should cowell, at the same time -- do well, at the same time broadcom long term and short come has outperformed intel. and so those are the kind of companies that you want to own. but we've been focused on consumer discretionary. we like a lot of the clean energy commodity the plays, and we've also added to consumer discretionary and technology. charles: real quick, 30 seconds, consumer discretionary. with the scenario you just described with respect to people getting smaller raises, is that area -- can that area still shine? we, you know, brought our savings rates down, we're not making as much money vis-a-vis, you know, the wage increases that we were seeing. that's -- we're still going to see a robust enough consumer to drive that sector? >> i do believe so. i i mean, home depot we added to and target, this is in anticipation of the next couple of years. charles: okay. >> hedge fund guys, they're focused on the next 3-4 months. and also
so all you have to do is sort of juxtapose intel against broadcom. semiconductor companies ostensibly, you know, should cowell, at the same time -- do well, at the same time broadcom long term and short come has outperformed intel. and so those are the kind of companies that you want to own. but we've been focused on consumer discretionary. we like a lot of the clean energy commodity the plays, and we've also added to consumer discretionary and technology. charles: real quick, 30 seconds,...
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Mar 20, 2023
03/23
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i mentioned broadcom is acting great, apple looks like another leg up. there are a few things. can't really invest right now because you just don't know. how we get powell on wednesday, who knows what he does even though he doesn't matter, interest rates are way down. he can move the market a day or two. i don't think that matters too much. there are some areas but when it is so narrow i worry. so i just take a step back, i got a lot of cash. charles: i have a lot of cash too. i actually bought t-bills last monday for the first time ever. i used treasury direct. >> you're scare, charles. charles: you know what? >> i-bonds. charles: i don't want to be a hypocrite. don't bail out the big guys. my bank feels, hey i need cash. no, i think the whole system is that way. you mentioned broadcom for instance, amazing earnings report. >> yes. charles: phenomenal guidance. i'm saying to myself this is a name you want to own at some point. so i'm hoping our audience doesn't get too worried they miss out. in other words, this too shall pass but it might get real ugly between now and then. >
i mentioned broadcom is acting great, apple looks like another leg up. there are a few things. can't really invest right now because you just don't know. how we get powell on wednesday, who knows what he does even though he doesn't matter, interest rates are way down. he can move the market a day or two. i don't think that matters too much. there are some areas but when it is so narrow i worry. so i just take a step back, i got a lot of cash. charles: i have a lot of cash too. i actually bought...
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Mar 22, 2023
03/23
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broadcom, obviously, announced it'sÑi acquiring vmware at the time. it was a 50/50 split.o prevailxd inok its hope xd activision. they're concerned it could cut outñr competitorsfá andñr suppl hardware components to the server market and lead to lesse innovation at a time when most firms want fast responses and affordable i.t.ok systems. respond to concernsñr or faceçóe in depth investigation. not unexpected. but whenñr we come to the cma a microsoft and activision, shares have moved up of late in this vague sense that mike is going to figure out a way to when the fácma camet(t( owith i objections, that it was máe&y dead, but there are still signó of life. you can see it in the stock price. nonetheless, while i'm told microsoftñr has provided the cm all the tools that it needs to aqd(ove a transaction, there is whether the cma's ideology on behavioralp■remedies, namely, they don't like them, will be hard to o>=come. >> lpw3well, i mean -- >> that's where i but i did want to mention this other deal because we haven't talked about that. broadcom, he told me this dealñ would
broadcom, obviously, announced it'sÑi acquiring vmware at the time. it was a 50/50 split.o prevailxd inok its hope xd activision. they're concerned it could cut outñr competitorsfá andñr suppl hardware components to the server market and lead to lesse innovation at a time when most firms want fast responses and affordable i.t.ok systems. respond to concernsñr or faceçóe in depth investigation. not unexpected. but whenñr we come to the cma a microsoft and activision, shares have moved up...
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Mar 2, 2023
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any commentary around apple given 20% of broadcom's sales came from apple.qualcomm's ceo who said he's expecting apple to use its own semiconductor chips in iphones next year. where does that leave broadcom's relationship with apple? there you have it. chips in 60 seconds. >> thank you very much kristina partsinevelos >>> we'll talk more tesla after the break with one long-term investor who ended his run for the board as shares are down about 5.5% s&p just above the 200 day although we diedpp below it earlier this morning don't go away. even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. powered by innovation refunds. i'm kareem abdul-jabbar. go to getrefunds.com to get started. i was diagnosed with afib. when i first noticed symptoms, which kept coming and going, i sh
any commentary around apple given 20% of broadcom's sales came from apple.qualcomm's ceo who said he's expecting apple to use its own semiconductor chips in iphones next year. where does that leave broadcom's relationship with apple? there you have it. chips in 60 seconds. >> thank you very much kristina partsinevelos >>> we'll talk more tesla after the break with one long-term investor who ended his run for the board as shares are down about 5.5% s&p just above the 200 day...
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Mar 3, 2023
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with seemingly, you know, anybody who can talk about it, including hock tan, of course, of broadcom.think it's still early innings on generative a.i., but we obviously are also indicating we're seeing a very strong sense of urgency among our customers, especially in the hyperscale environment, to be -- to not miss out -- not to be late in this trend >> i mean, david, it's the buzz word of the moment >> it certainly is and i think it will be for quite some time. of course, i'm just struggling to understand all the implagues of implications of it, as are so many others, whether they be leaders of businesses or investors as well. referenced a note to barclay's, coming back to one of the central themes we've seen play out in the marketplace in terms of chatgpt and the implications of that. consumer-led technology at this point, namely on alphabet. google and microsoft, barclay's, for its part says -- and it's an important point here, guys legacy web search is cheap, right? >> exalyh chatgpt, they just cost more. it's a lot more computing power, ten times the cost of the old ones, and the
with seemingly, you know, anybody who can talk about it, including hock tan, of course, of broadcom.think it's still early innings on generative a.i., but we obviously are also indicating we're seeing a very strong sense of urgency among our customers, especially in the hyperscale environment, to be -- to not miss out -- not to be late in this trend >> i mean, david, it's the buzz word of the moment >> it certainly is and i think it will be for quite some time. of course, i'm just...
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Mar 3, 2023
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broadcom in the u.s.g bases hail slowdown in terms of growth. -- sales slowdown in terms of growth. they think corporate demand for semiconductors will hold up. lufthansa, this company is up, over 5%, very positive on the outlook. we will get the details now. this is a fascinating story particularly given the bailout by the german government. investors clearly liking what they are seeing, a jump of 5%. give us the top line in terms of the earnings picture. >> investors agreeing with what they had to say which is lufthansa is back. full year earnings 1.5 billion euros, they have raised their outlook twice, demand is back. they will hit 85 to 90% of pre-pandemic capacity this year, which is not 100% but still pretty good given where this company has been the last couple of years, huge vote of confidence in the ceo, his contract was extended to 2028. they ordered 22 wide-body jets, 15 airbus, seven from boeing, this is incredibly bullish this morning at lufthansa. tom: european household and company budgets
broadcom in the u.s.g bases hail slowdown in terms of growth. -- sales slowdown in terms of growth. they think corporate demand for semiconductors will hold up. lufthansa, this company is up, over 5%, very positive on the outlook. we will get the details now. this is a fascinating story particularly given the bailout by the german government. investors clearly liking what they are seeing, a jump of 5%. give us the top line in terms of the earnings picture. >> investors agreeing with what...
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Mar 3, 2023
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tech is rallying and part of that is broadcom up 4%. they are forecasting a soft landing and that's helping the rest of the tech center. on the downside, cosco is down by 3%. it is a big bold retailer, you go there and you buy this much water, food and alcohol. sales have been weaker since the pandemic. but that's ok because were spending on other things like restaurants. the 10 year is down .04 so this feels like a little bit of buying on though higher ideals. guy: the eurozone services, look at these lines. it's hard to digest all of them. what you are getting here is a pickup. the reading showing us a little tech higher. france, the u.k., the aggregate numbers are worth paying attention to. the service side of the economy here in europe is showing no signs of slowing down. this is a problem for the ecb. this is an economy that doesn't want to take the medicine from central banks right now. alix: this pairs nicely with lufthansa and the great numbers they had in the potential capacity over pre-pandemic levels. we are getting there. an
tech is rallying and part of that is broadcom up 4%. they are forecasting a soft landing and that's helping the rest of the tech center. on the downside, cosco is down by 3%. it is a big bold retailer, you go there and you buy this much water, food and alcohol. sales have been weaker since the pandemic. but that's ok because were spending on other things like restaurants. the 10 year is down .04 so this feels like a little bit of buying on though higher ideals. guy: the eurozone services, look...
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Mar 3, 2023
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c3 is rallying up 25% off broadcom saying they want to invest in ai.he news of her and i was interesting, the u.s. expanding its crackdown on china. the administration charging entities for national security issues. annmarie hordern joins us from the white house. can you walk us to the details of this? annmarie: there were export controls on a dozen chinese companies. it's a carry-on of other export controls and countries on the entity list. this has to do with national security interest in some of these companies dealing with sanctioned parties and iran. -- in iran. congress is putting a lot of pressure on making sure that they are holding china accountable for a number of issues when it comes to national security and is on top of the fact that the u.s. has been pretty clear about how china is dealing right now with they no limit friendship with vladimir putin. the u.s. is made clear that if they were to cross as the redline of sending lethal weapons to moscow, there would be consequences. that will be front and center today because we have chancellor
c3 is rallying up 25% off broadcom saying they want to invest in ai.he news of her and i was interesting, the u.s. expanding its crackdown on china. the administration charging entities for national security issues. annmarie hordern joins us from the white house. can you walk us to the details of this? annmarie: there were export controls on a dozen chinese companies. it's a carry-on of other export controls and countries on the entity list. this has to do with national security interest in...
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Mar 22, 2023
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antitrust watchdog will conduct an in-depth review of broadcom's proposed takeover of vmware.unless the company offers remedies to deal with agencies concerns. regulators say the deal will likely lead to a substantial reduction in competition. renault is reportedly prepared to ipo its arm listing. it is aiming for evaluation of nearly $11 billion. >> some of the stocks we are watching, bancshares and focus again. janet yellen says the u.s. is not considering providing blanket the positive insurance to stabilize the banking system. we had a slightly different view from jay powell. he also dashed hopes the fed will be cutting rates this year. we will be looking for the bank reaction especially as we get more volatility across the u.s. banking sector. gold miners could see a boost. take a look at how we are setting up thursday as asia awakes to the fed decision to go 25 basis points rather than a pause and more significantly flagging that this is not the end of the road when it comes to the battle against inflation that more tightening is to come. ruling out the idea that we coul
antitrust watchdog will conduct an in-depth review of broadcom's proposed takeover of vmware.unless the company offers remedies to deal with agencies concerns. regulators say the deal will likely lead to a substantial reduction in competition. renault is reportedly prepared to ipo its arm listing. it is aiming for evaluation of nearly $11 billion. >> some of the stocks we are watching, bancshares and focus again. janet yellen says the u.s. is not considering providing blanket the positive...
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Mar 2, 2023
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broadcom, costco, nordstrom and dell with numbers. alix: i want to look at how we close.'s good to be some options around this. just the fact we see yields jumping higher and markets feel well behaved. i'm trying to make sense of that. guy: i think there's a few sort of single stock stories that many are worth paying attention to. the data is a mixed. you can read that ism manufacturing number one of two ways. you can read it as a great number. the downside is that good shape comes with an inflationary impulse. it's not a straight line. alix: that's a perfect way to talk about macy's. i read two articles into the results in two different ways. one saying first-quarter sales will disappoint. the other is that their sales outlook is holding up. it encompasses what we are trying to look at here. there's something for the bulls and the bears. we don't know which way we will go with that. guy: is the forecast half full or half empty? alix: i'm pessimistic but that's just my bias. guy: katherine tai coming up, looking forward to that conversation with david westin on balance of
broadcom, costco, nordstrom and dell with numbers. alix: i want to look at how we close.'s good to be some options around this. just the fact we see yields jumping higher and markets feel well behaved. i'm trying to make sense of that. guy: i think there's a few sort of single stock stories that many are worth paying attention to. the data is a mixed. you can read that ism manufacturing number one of two ways. you can read it as a great number. the downside is that good shape comes with an...
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Mar 30, 2023
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it's aviation and health care for sure >> that was the biggest winner of your stock summit picks broadcom nice move from tech and growth and chips move as well what about it going forward, though >> i like it it's actually lagged year to date it's only up 12% >> semis, i think, have doubled. >> but this one outperformed last year. a little bit more defensive. it's ai, it's cloud, all the buzz words it's also apple exposure and you get shareholder value returns. they're buying back stock, just increased the dividend last quarter. i still like it very much. >> financials are down, when you have the issue around the regionals. you rethink that, though, going forward here you don't have to stick with this for the entire year >> not so much buy low, sell high i have been adding to the banks, bank of america and we talked schwab earlier we have to see how the whole thing pans out and if we go into a recession it will not the do well as a sector but there are pockets of opportunity for the longer term. keeping an eye on it in the short term >> mr. winner over there, boeing up 9%. cleveland up 11
it's aviation and health care for sure >> that was the biggest winner of your stock summit picks broadcom nice move from tech and growth and chips move as well what about it going forward, though >> i like it it's actually lagged year to date it's only up 12% >> semis, i think, have doubled. >> but this one outperformed last year. a little bit more defensive. it's ai, it's cloud, all the buzz words it's also apple exposure and you get shareholder value returns. they're...
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Mar 1, 2023
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>> in technology, microsoft, broadcom, with a focus on cloud, cyber, of course, and then if you lookthe solution to that, the solution to productivity problems, and productivity improved in the last labor period, you have to have digital solutions so we'll seeing old economy companies embracing digital solutions, and we are invested in those think of mcdonald's, chipotle, using digitation to their advantage. so i think there's places to go, and stock ticker's market, two, three years ago we talked about intel and i said it's enough already. we did get out if you just look at that stock, it tells you everything you need to know about this market. it matters what you own. >> fair enough i remember that day very well. let me turn to you we have ten year above 4%, fed funds at 5.5%. we have a stock market that is trying to rally, and tons of recession talk how does that square with you? >> for a long time, kelly, the market heard what it wanted to hear from the fed. kashkari talked about this today, that he's tired of talking about what the stock market does. he said he doesn't care. if
>> in technology, microsoft, broadcom, with a focus on cloud, cyber, of course, and then if you lookthe solution to that, the solution to productivity problems, and productivity improved in the last labor period, you have to have digital solutions so we'll seeing old economy companies embracing digital solutions, and we are invested in those think of mcdonald's, chipotle, using digitation to their advantage. so i think there's places to go, and stock ticker's market, two, three years ago...
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broadcom. did they report this morning? >> yup, the supplier here.y aggressive acquirer the past two years and tried to go hostile and buy qualcomm which failed but they beat on sales of profit raising guidance because of the ai boom and closing a $61 billion to buy vmware in the next three months and speaking of chips i want to bring up marvel because these are the names that benefit from this artificial intelligence boom we're in with chatgpt. so this is really surprising that marvel came in shy by a penny on their profit. sales came in stronger but their guidance was not great given where we are with this ai boom. stuart: yeah, right. you mentioned the word ai. related to a stock but marvel goes down 9%. >> right. stuart: i don't know. >> so the chipmakers like nvidia, marvel is supposed to benefit. stuart: i'll read off the prompt er and you explain it. meta reports say their roadmap for their augmented reality plans leaked. >> [laughter] stuart: okay what did the leak show? >> well, yeah, i mean, i'm not sure that's the reason why the stock is u
broadcom. did they report this morning? >> yup, the supplier here.y aggressive acquirer the past two years and tried to go hostile and buy qualcomm which failed but they beat on sales of profit raising guidance because of the ai boom and closing a $61 billion to buy vmware in the next three months and speaking of chips i want to bring up marvel because these are the names that benefit from this artificial intelligence boom we're in with chatgpt. so this is really surprising that marvel...
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you heard broadcom over the weekend saying they can't make chips fast enough to meet demand and that's up about 60% so far this year. cybersecurity also another booming sector i want to highlight that crowdstrike look at this rally in a go nowhere market because they are reporting tonight and we've seen palo alto and all of the other cybersecurity companies do very well. stuart: chips and cybersecurity. doing well as they did last week and the week before that as matter of fact. let's have a look at tesla. i believe they are recalling several thousand of their model y? >> i didn't think it was that big of a deal, 3,400 over loose bolts. stuart: the market doesn't care. >> i'll tell you what the market does care about, since we're talking about recall s they did recall about 380,000 cars that needed that full self-driving software update. big talking point in the markets with tesla. second round of price cuts this morning for model s and y. so now if you look at all four of tesla's models they are much cheaper today than they were before january 12, so i looked at all of the price reduc
you heard broadcom over the weekend saying they can't make chips fast enough to meet demand and that's up about 60% so far this year. cybersecurity also another booming sector i want to highlight that crowdstrike look at this rally in a go nowhere market because they are reporting tonight and we've seen palo alto and all of the other cybersecurity companies do very well. stuart: chips and cybersecurity. doing well as they did last week and the week before that as matter of fact. let's have a...
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Mar 2, 2023
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broadcom is seeing brighter prospects ahead despite a slowdown in the chip sector.her than analysts estimates. the company sees continued strength in infrastructure demand across all of its markets. they supplied chips to apple and amazon. coming up next, china is ramping up a push in the chip industry. details ahead. this is bloomberg. ♪ >> breaking out of japan. the jobless rate at 2.4%, which is slightly lower for the month of january than what was expected, also easing from the previous month. the jobless rate coming in slightly lower than economists expected. we were expecting for the month of january to see a little bit of weakness, but actually the jobless rate has fallen. looking ahead, we might see job market conditions be a little bit mixed according to bloomberg economics. we are dealing with the new businesses in the services sector opening as the market reopens post-covid. tokyo cpi numbers coming in. 3.3 percent for the month of february, which is easing from the previous month where the number topped 4%. we continue to watch tokyo cpi very closely giv
broadcom is seeing brighter prospects ahead despite a slowdown in the chip sector.her than analysts estimates. the company sees continued strength in infrastructure demand across all of its markets. they supplied chips to apple and amazon. coming up next, china is ramping up a push in the chip industry. details ahead. this is bloomberg. ♪ >> breaking out of japan. the jobless rate at 2.4%, which is slightly lower for the month of january than what was expected, also easing from the...
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broadcom seeing writer aspects ahead despite a slowdown in the chip sector.ast of roughly $8.7 billion, higher than estimates of $8.6 billion. rishaad: looking at markets, we are on the move up. we have a hike with current state of the affairs on course to snap a three week long losing streak. streak- [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) rishaad: we are heading into the shanghai lunch break. looking into markets with anemic gains. benchmarks around the positives as chip fares have risen. this is in light of what the united states have been doing. also, the shares are may be said to advance with a decline in that gathering. f
broadcom seeing writer aspects ahead despite a slowdown in the chip sector.ast of roughly $8.7 billion, higher than estimates of $8.6 billion. rishaad: looking at markets, we are on the move up. we have a hike with current state of the affairs on course to snap a three week long losing streak. streak- [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair...
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Mar 31, 2023
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bad i mean, that's not why i got in the business was to say, that's not that bad when you look at broadcom they're doing quite well when nvidia goes down, you buy them >> there's a 78-talk that jensen gave you which explains everything including what i said to you when i mentioned to senator warren, how do we talk the bank crush? all you have to do is we can do it -- the moment a big transaction comes to take that money, we can flag that to the regulators, but right now the regulators get this the next day and that's an example of what he is thinking about. the other day michelle joined the board, and i bumped into her here to congratulate her and i said, it's time for wendy's to put in someone who understands 28 languages and never gets the order wrong. that's jensen again, and if you can buy microsoft, you can buy through alphabet, and through oracle or go right to jensen i mean -- not really right to jensen there's some people there. >> you got to get you first. >> when you look back at this quarter, it's going to be the quarter where chat gpt changed the world. jensen delivered to peop
bad i mean, that's not why i got in the business was to say, that's not that bad when you look at broadcom they're doing quite well when nvidia goes down, you buy them >> there's a 78-talk that jensen gave you which explains everything including what i said to you when i mentioned to senator warren, how do we talk the bank crush? all you have to do is we can do it -- the moment a big transaction comes to take that money, we can flag that to the regulators, but right now the regulators get...
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Mar 27, 2023
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computer chipmakers broadly underperforming, broadcom, intel, the laggered and chips have been viewedk. plus, save up to 75% a year with comcast business mobile. the complete connectivity solution. from the company powered by the next generation 10g network. get started for just $49 a month. and ask about an $800 prepaid card. comcast business. powering possibilities™. >>> executives from the world's largest companies impaered in beijing this week. it's the country's largest forum since relaxing the covid rules. eunice yoon joins us. >> reporter: beijing's message to all the ceos there was that china welcomes international business. president xi jinping's chief of staff read a letter from his boss that said that his boss was dedicated to an open china. now, in public, the bosses of apple, pfizer, bridgewater, png, among others, all expressed their support for china's development. apple chief tim cook said in a side session that apple and china have had a, quote, symbiotic kind of relationship, and pfizer's albert berla told me his company was aligned with the healthy china 2030 health
computer chipmakers broadly underperforming, broadcom, intel, the laggered and chips have been viewedk. plus, save up to 75% a year with comcast business mobile. the complete connectivity solution. from the company powered by the next generation 10g network. get started for just $49 a month. and ask about an $800 prepaid card. comcast business. powering possibilities™. >>> executives from the world's largest companies impaered in beijing this week. it's the country's largest forum...
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Mar 1, 2023
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subsidies, but if they give the subsidies and then they want to share, do you think that hock tan at broadcom share? >> no. >> right and that's what we want made there. >> all good points >> and where's the worrykforce going to come? everything's built in ohio these days >> arizona's going to have a -- potentially a very large tsmc. >> there aren't enough people in arizona either >> not enough people >> we're not letting enough in >> that's why we have chatgpt. we don't need people we can take all those people who push paper, replace them, and we have them go and be in a fab in ohio >> eventually. but first, they're coming for the creative types, it seems >> they're gunning for them. >> they are. chatgpt is >> you make it sound like it's some sort of vast conspiracy first, they came for the creatives, and then they came for the -- >> it's a new beginning too, but may not include us >> speak for yourself. >> on that dark note, caterpillar is helping to lead the dow jones labor force. >> i love kacaterpillar. >> they have a tentative six-year deal. >> people don't understand caterpillar. they a
subsidies, but if they give the subsidies and then they want to share, do you think that hock tan at broadcom share? >> no. >> right and that's what we want made there. >> all good points >> and where's the worrykforce going to come? everything's built in ohio these days >> arizona's going to have a -- potentially a very large tsmc. >> there aren't enough people in arizona either >> not enough people >> we're not letting enough in >> that's...
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Mar 6, 2023
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hey, look at broadcom, last week, that's a company i own their total revenues grew 53%, their semiconductorbusiness actually grew 21%. that's real growth, joe. they have margin expansion and free cash flow strength, and that sort of thing within the land scape of earnings while the headline looks ugly, there are pockets in places to get excited. >> all right, we're going to leave it there what's weekly? we see you -- we see at least weekly, i think, so we either see you later this week or next week. >> weekly. >> sounds good. >> i get confused too. biweekly want one of them's every two we weeks. >> semiannual is that or biannual. >> skpaktly. >> exactly. >> i don't know the answer. >> the ceo of occidental petroleum vickih o', will lub will join us live. >>> and at 8:00 a.m., don't miss our interview with kevin mccarthy he'll join us right here on the squawk set. >>> squawk picks is sponsored by wisdom tree, the modern alpha pio pioneer. i'm a vegas hotel. i know what you're thinking - it's cool, i don't want anything too serious either. just a fun, spontaneous thing. i'm looking for someon
hey, look at broadcom, last week, that's a company i own their total revenues grew 53%, their semiconductorbusiness actually grew 21%. that's real growth, joe. they have margin expansion and free cash flow strength, and that sort of thing within the land scape of earnings while the headline looks ugly, there are pockets in places to get excited. >> all right, we're going to leave it there what's weekly? we see you -- we see at least weekly, i think, so we either see you later this week or...