broadcom is the number two ai supplier $8 billion a year. they're the number one custom player and they have cloud, data center, they have wireless, they have vmware. i know you want to have this discussion more about nvidia, but i'm just saying, you can own both i don't own both but i own a good player and have had a nice return in this thing >> i appreciate very much your reasoning admitting, hey, i missed it, but i have these other ways i can still play the trend in really key players that are cheap on a valuation standpoint, where you can get comfortable around it. not everybody picks every single stock perfectly. jim got into this name after it had gone up a ton. >> i would rather buy more ibm or maybe i do circle back and buy a broadcom it was taking gains. we'll see. maybe a bad day -- >> if there's a market correction, would you buy it >> if there's a market correction, down for nothing to do with nvidia but a beta splash and there's an opportunity, would you think about it >> of course i would always think about it. that's the prude

earnings an guidance that stock, obviously you know by now, surging along with s many others, amd and broadcom, and supermicro computer. the stock up more than 30% and meta and amazon big winner too. take us to the talk of the tape the mega moments how far these stocks can run from here. let's ask adam parker, the founder and ceo. a cnbc contributor, and he i back with me post nine good to have you back. >> great to be here. >> the person i was eluding to in this opening read is you. you say the -- we're not eve close, not even close to the end of this ai euphoria trade. >> i just think it's, you know a ten-year kind of trend the idea that we, you know, it really started in my mind less than a year ago. it was really nvidia's first upward sales revision, you know, in may so you know, just thinking out loud like is that less than one-year trade for the stocks? i think it's going to follow that same curve, all technolog does and i think a lot of people will just continue to believe oh, i'm going to call the top of tha first wave and it's going to correct 20%, 30%, and then i'l get right at the b

i love broadcom as you know. again, i think this is just portfolio management 101 right sizing positions, never be afraid or sorry to take a gain. i might be wrong. they might go up another 50%. i'm still there, i still like them. i think it's prudent. >> rob, do you want to comment? the largest tech outflow since july. the largest outflow since july of '23, the third consecutive week, big clients, taking money out of areas like technology. is this the thing? people on our show have been doing this for the last many weeks. it's certainly become a trend on this program. >> yeah, i think it's tough. we're seeing a clear bifurcation in these names, those that have a combination of growth have been able to do really well. microsoft, med yeah, amazon and google are 22% of the index and posted average growth of over 50% and their margins have expanded. the rest of the market has had negative revisions, scott, they're also less sensitive to higher rates which was why we toin see this narrow performance. the last five na

broadcom nearing a $3.8 billion deal with kkr.s, the deal involving broadcom's business to allow users to access desktops and applications from any device. the deal could come as early as today marks the latest effort by broadcom's ceo to streamline the company portfolio after completing its $69 billion takeover of vmware in november. >>> the u.s. and uk carrying out fresh strikes on a dozen houthi targets in yemen over the weekend. in a joint statement from the governments, officials say targets included underground weapons and missile storage facilities. the strikes mark the latest by the u.s. and uk in response to the houthi attacks on ships in the red sea. >>> united health subsidiary change health care continuing to recover from the cyber attack. united says it has identified a quote suspected an actor behind the attack. it has resulted in descrprescri delays in the u.s. f, frank. >>> thank you. we are watching the wall street reaction from nvidia. the two dozen price target upgrades following the blowout earnings report. ana

it is not the right time to go from broadcom.k, moneymaker that stock is going to go higher how about we go to sam in colorado sam. >> caller: jim, how are you? >> doing well. how about you, sam >> caller: i'm all right i think i have a stock that has two potential catalysts that could be massive and one giant issue. we've got to talk about rivian 2021 ipo massive ipo. stock now down 90% curious what you think about the valuation now that it's down at 10 billion -- >> i was bummed today. i went to see mr. scringe in brooklyn i was bummed because on his conference call he talked about historically high interest rates hurting the business i wish he hadn't said that he said it several times it doesn't jibe with what i think, which is that right now it's tough to sell these cars. and i did think the phil lebeau interview this morning was brilliant because he did put the feet to the flame and i didn't come away feeling as good as i wanted to. let's go to brooklyn, which i didn't know this, is in kentucky >> caller: boo-yah, jim. i wan

those chips -- in combination with broadcom. hard to imagine how you can get a major disruption in short order on the chips side of that world. nvidia does seem to have this locked up for a little while. we expect amd to gain some share as they roll out their specialized chips over the course of this year. we do expect some internal development to continue to nibble away. the essence of it is that pie is growing so rapidly that even if you had internal development like at google and broadcom and amd taking share, there's an awful lot of growth for nvidia to continue to enjoy, as well as amd. we own both of those in our growth strategy. we have owned them for a long time because we see a duration of growth that is hard to find elsewhere in the market, even among infotech stocks. katie: the picks and shovels are the way to play that. really enjoyed this conversation. covered a lot of ground. that is joanne feeney, partner and portfolio manager at advisors capital management. up ahead, the companies making the most social buzz toda

broa br broadcom is a key company to meta. meta spent $500 million from broadcom last year.es john arnold to the bo board. he is a former gas trader at enron. >>> twilio started a business segment. it bought the customer data platform in 2020. act vst activists have pushed twilio to ditch the company. >>> and spacex had filed to move from delaware to texas. the move comes after the delaware judge voided elon musk's $56 billion pay package from tesla last month. last week, musk moved the corporate home from delaware to nevada. he had said he plans to ask shareholders to vote on moving the company to texas. musk disclosing he holds a stake of 20.5% in tesla as of december 31st. his ownership had dropped to around 13% early last year. frank. >> silvana, thank you very much. >>> you know what? it is not just check that is betting big on artificial intelligence. logistics company is launching a new tool aimed at unlocking supply chain eff efficiencies. the company says what you see here is the only technology of its kind. joining me now to discuss that and more is judy mcreynolds

done, have been protesting delays and the release of election results from a prime ministers in broadcom. and now was sure we have both claimed victory, independent candidates, backed by the imprisoned to come at one the most sites about streets muslim league has image as the biggest single past 2 people have been killed in the latest violent protest incentive go. unrest directed when this month's presidential election both postponed until december. president mackie so says that the light is necessary for a peaceful transition. beverly novak has resigned as hungry as president. she's been under pressure full pardoning a man convicted of helping to cover up a child sexual abuse cuz usually spunk protests in the capital for the past vac has admitted she made a mistake pretty king. charles has expressed his thanks for the public support he's received in the wake of these cats. a diagnosis king was diagnosed with the disease just 18 months out. the heat seemed to to the throne hockey and palaces. king charles will postpone his public duties while he undergoes treatment. a russian drawn attac

broadcom is just a smaller position for us. it's amazing how it's been on fire but is not a big enough position we need to start trimming it. >> you've sold waste management. you bought marathon, which is an interesting move given what energy hasn't done. can you tell me more about the marathon? i understand how something got called away. >> it's the hallmark of free -- since 2021, they cut their float in half. they're buying back shares so aggressively. the return was $2.9 billion. and they've allocated another $5.5 billion. they're just printing cash. this is a seasonal time for oil to get better. we had this stock called away from us. you're talking about an 11 p/e moving forward. if we're looking for alternatives, energy has not been that great of an investment in 2023 or 2024. free cash flow is music to my ears. >> before we bounce, we'll get a buy from you, jason. black stone you bought. why? >> i think private equity here, they raise about $53 billion in equity in the fourth quarter. they have $200 billion of free cash f

kkr is nearing a deal with about $4 billion to buy a software business from broadcom.could be closed by the start of the week. broadcom is selling it into their computer unit inherited through its acquisition of a business that provides software enabling users to access desktop and applications remotely. byd unveiled its most expensive ev supercar sunday. it costs over $233,000 and will be initially for the chinese market. but -- byd says the car get hit 100 kilometers per hour in two seconds and reach a top speed of 309 kilometers per hour. it aims to rival gas guzzling options offered by ferrari and lamborghini. disney and reliance industries are said to have signed to merge media operations in india. reliant and its affiliates are expected to own at least 61% in the merged entity with disney holding the rest. they say details of the deal are likely to be announced this week. annabelle: standard chartered ceo bill winters said the bank took nothing from the chinese real estate market last quarter. he told bloomberg he sees a long recovery ahead for the sector. >> we

trades on bristol-myers, broadcom and mcdonald's. cnbc celebrates black heritage. >>> i'm proud of black heritage because of the resilience, ingenuity and adaptability that exists, and i'm encouraged by the collective action the dei pledge in organizations and people that are attempting to make change permanent. (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. ♪ ♪ old school grit. new wnext.ideas. next. stop. we got it? no. keep going. aga... [ sigh ] next. next. if you don't pick one... oh, you have time. am i keeping you from your job. next. i don't even know where i am anymore. stop. do we finally have it? let's go back to the beginning. are you... your electric future. customized. the fully-electric audi q4 e-tron. ♪ ♪ [thunder rumbles] ♪ ♪ ♪ ♪ the bi

but the third choice, which should be your second, broadcom, broadcom outperformed amd. unless you actually look at the numbers, you wouldn't have realized that. so the dark horse in this is avgo. but nvidia sill owns the crown in all of ai. their game to lose. >> a terrible setup, nvidia is, ahead of its earnings a couple weeks from now. >> as it has been for the last two earnings quarters. >> that's true. >> steve's right about avgo also. we were playing that game about -- again, we love to play games here. apparently the acronym game is getting old. apparently i've heard to -- getting old. but that we played a game where who would you put in the new ma g7. avgo is probably that name. >> that's interesting. >> i gave a different fwname th day. >>> there's more to come. here's what's coming up next -- >> a biotech buzz kill. moderna tripping out of the starting gate in the latest vaccine race as competitors surge ahead. is it time to ditch this name? we'll diagnose the winners and losers next. >>> plus, crypto craze or crypto curse? we'll sit town with one of wall stree

so there is somewhat less of a hidden semiconductor play, but broadcom would be my play. >> tim, whatyou think? >> mag 7 is both art and science. the science is these are just the market caps, so tesla is not in the mag 7 because it's now a $600 billion it's eli lilly part of this is doing the math, some of it is the art. it's the growth, a company that's innovating. mag 7s by definition are the largest ones in the world. lilly fits the bill on market cap and everything else in terms of what they're doing. and you could argue it's biotech even. >> what are you thinking >> i came to the same conclusion, although i think i followed the batch more of arts as opposed to batch more of sciences like my colleague tim listen, i think when you're looking for a mag 7 definition, something with growth potential, margin of safety, brand awareness, and so the rest of these companies essentially have been transformative in what they offer the end user and i think lilly fits squarely in that. whether the market cap was there, i would make the argument that it has the upside potential and fit there a

argument, christina, or steve, but that a non incumbent check make or not nvidia, not intel, not broadcomr.m., not amd could be a big beneficiary of this. >> and the case of openai, he has the branding right now, and the interest from sovereign wealth funds around the world all around the world that want to invest in a.i.. so there's an opportunity for investments there, but the big question is, i think the skepticism is around actually openai building the ships. why he has to rely on third- party members, a beneficiary would be tsmc, taiwan semi for example, but we saw the example of apple. apple has been working on these mobile chips for smartphones for quite some time, but they had to resign their agreement with qualcomm because they were not able to make a chip that was ready to put in the new iphone. that shows that even apple, a tech company that has been around forever, mega cap, has been a leader in technology, still can't figure out exactly how you get those chips for the perfect ship for the phone. and it shows a lot of these chip companies will benefit because they specialize,

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cycle has corrected and that's over area a lot of those stocks look very interesting whether it's broadcomr lamb as well as semiconductor stocks. we also like a few unloved industrials v likeeralto that has water and process quality. that you do really well. we think it's undercover but we think it is opportunity to go double digits over the next couple of years. sonali: chief market strategist at fl putnam. austin goolsby reiterated he like to see more of the favorable inflation data publishing last couple of months but he didn't rule out the potential for an interest rate cut in march. he spoke exclusively on bloomberg markets. >> it feels like the economy has been quite strong on the growth front, you've got big jobs numbers and big gdp numbers better than expected. at the same time, we've had inflation better than expected as well. if you look over the last seven months, we got seven months of really quite good inflation reports right around or even below the fed's target. if we just keep getting more data like what we have got, we are, i believe we are will be on the path to normaliza

and then my travel trust owns broadcom, and people may see that broadcom is a loser in this customizationi caution people to sell those stocks, because they're really good. broadcom is better than marvell, because marvell has this optical thing,and there could be lumpiness, and they would tell you that, but i think that nvidia, once again -- >> what do you make of the reuters -- jim, as well as you know the company, what do you make of this reuters company that talks about how they're going to try to help some of these companies make more exclusive chips? chips for cloud computing firms and others? >> jensen huang, he comes in peace to all potential customers, and i think that, remember, he has the best relationship with taiwan semi. they'll get that done. jensen -- you can't get in the way of jensen right now. let this thing go higher. let it go higher. when you talk to -- like, i'm on a conference call with the fellow who runs ge health care, and what does he want to talk about? a.i. and is there a.i.? yes. >> i mean, i think some would argue that the two most incredible charts of the w

nvidia has opened the doors for many others, from computer companies like advanced micro devices and broadcom to storage companies and networking companies and software companies that are able to harness this computer power to deliver software that enables gains in productivity and innovation. caroline: is there anything that gives you pause, $2 trillion valuation, or china, or running out of road of exuberance, or do you go back to forward ratios that make the company look attractive? erika: we china to take a long-term view. we've written white papers about this. over the entire infrastructure, we see it as a $1 trillion opportunity today. the innovation is expanding that. we are 15% penetrated at this point. we see opportunity ahead for further penetration of markets, updating this brand-new way of compute, known as parallel process-ism. caroline: the vc community is looking at the underlying compute and large language models, but they also look at the applications of ai. what's the industry perspective? erika: there are obvious places. hyper scalars recommending with more accuracy and tar

because of jensen helicopter senior, this counter offensive is moving quickly to come to chris to the broadcom said was easy just to kind of say it was easy to counteract because of the very basic combat work and some parts. i'm very thankful and grateful soul or mentors. it shows cuz this most of the time when we would pick rings and then 3 or 4 preferred to where they might be of this, where it is not their civil for an interview. but this is the time that the army was crystallizing. we did the dream as i stood there, i think about 2 weeks ago is because then for the most location for the, for an office publication which style, it sounds good to us if i read. so the validation there that is quite in line with what device think reason why she works from cooking to do, we can show that one of these is why got excited because this says they're getting it out of the door and open isn't actually a very experienced and significant general don't she for those rights, that's the longer we where it is to this operation continues. press machine open the, in the strong, there are certain is better song

the poor man's broadcom.ticipate in the secular tailwind with cloud computing. >> james, we are not leaving you out. i'll bounce the same off you the magnificent seven contribution to the s&p this years. 52% of the gain. when you see that momentum, do you ride that train or if you are holding stocks, is now maybe the peak to take profits >> we are taking profits constantly the positions are getting so big and you have to right-side the portfolio and holdings with that said, nvidia alone with the earnings power can drive 50% of the market this year you can see 5,500 with the s&p with over half of that by nvidia's earning power we think the future is bright for the market we do think you have to stay super nimble and be ready. you have pce next week we had bad cpi print and bad ppi print. pce comes out and that leads to the question of what happens to interest rates are they cut or raised the fact it is a non-zero could freak out the markets. we saw a record day yesterday, but painful days before. the name of t

microsoft, broadcom, and we're looking at adding another name in the coming weeks in the tech space. but then our over big overweight is consumer discretionary. and then we're sort of spread out between old economy names that we think are pivoting to digitization and those are in more conservative sectors. and that's really our investing theme across all of our strategies. we want managements that are pivoting. think spotify, you know, moving joe rogan's exclusivity and getting rid of it and then allowing the podcast to get as sale on other platforms. -- ad sale on other platforms. katie: i'm very curious to hear what that tech company that you're going to add? that's really interesting when it comes to old economy names that you're looking for those that are trying to tap into a.i. because looking across the list that you shared with us, it really spans sectors but it sounds like that's the common thread. nancy: that is the thread, katie. and i think it's a very important one. you know, like you get a day like today with a company like pepsi which we own in our relative dividend and

we've decided in that space to own totally different things, we own broadcom, we own a bunch of stuff that's done incredibly well. not as well as nvidia, but it's done well. >> you subscribe to what i believe as better than expected gdp. >> yes. >> it's been stronger than expected so how you not feel good about owning some of these industrials. i'm talking my book on quanta but caterpillar is trading at 15 times. >> and there's a whole host of other stocks that are cyclical. we thought the market was way offside from the fed. thankfully the market is coming back in and that's been digested incredibly well. when we think about how do you manage around this when you have expensive stocks and clients with huge embedded gains. we're tipping up near all-time highs. we've been doing it over the last week. you're selling away a little of your upside. and what ends up happening is you've managed the risk in that exposure in the short run to some of those big names maybe coming in without creating huge tax consequences. if we prop it on that trade, scott, we're going to have more to put to wor

run a $13 billion market cap weighted, and most of the gains are five stocks, nvidia, taiwan semi, broadcom's a narrow rally even in siemiconductors. can you explain this? >> there are 25 stocks in smh, and they all have huge competitive advantages, because they are the winner, and tnsc, the winner in fab construction. actually we use morning star ratings and 9 of the twao25 have highest rating in the competitive advantage. these are the winners in the space, and they really have -- you need tens of billions to compete with any of these. >> it's a high competitive advantage. i know you have 25 stocks. have of them are down this year. big names like intel, texas instruments, they are all down with your index up 10%. here's the big winners, but i want to concentrate on the losers. half of them are down at this point? >> sure. it's a short time period. what i like to say is since we really took over the eft in 2012, this eft is up 12 times in the last decade. so people think that the last year and whatever, it has always been the rolling revolutions. it was gaming and crypto and now it's ai. y

pal ianti palantir, 55 you do have broadcom, but you trimmed it that speaks broadly to how we should view the stocks here. >> i love the date november 1st. right after the october meeting when the fed basically said no mas, when we're done with rate hikes. that's when things got normal again. i realize there are a few ai names still carrying but there was breadth to the market. as we go through our picks from november 1st, we'll see it's lots and lots of other companies outside of ai that have moved. >> what hurts is taking profits or, dare i say, god forbid, selling a name and up get a blow-out report and it gets so far away from you, theyreport earnings and it's off to the races. i love that i took profits and had a lot of gains in the stock. when you see it go four stations down the road, man, why did i do that >> if you've been running money for a long time, hopefully you've had a lot of those, you always need somebody to sell to but it goes to portfolio management is that you have to be conscious of the risk that you're taking and you have styles and you have to abide by your st

you look at marble technologies and broadcom and even intel has got some chips coming down the road inpace. qualcomm has smart phone ai chips they are currently marketing. i really believe that the chip space is probably the best space to play the ai trend because we can really see those numbers trickling down into the eps. if we look at other segments in technology, it's more difficult to parse out exactly what the direct impact is from ai. sonali: a lot of people are looking at the sector and wondering whether you follow the herd. if you broaden the aperture and think about data centers, some areas that might be more undervalued, do you follow the herd or start to do some analysis on the ones that have not caught up yet? >> that's always challenging. if you look at the chip space, about one third of it is pcs and laptops, servers and smartphones. that's one of the biggest portions. another big part is memory. we know they are just starting to recover. if you look at the unit volumes and the chipmakers that make those specific chips, it's just starting to recover. memory is still comi

broadcom is something its end-user computer unit which it inherited through its acquisition. it for daybreak asia. markets coverage continues looking ahead to the start of trading in hong kong, shanghai and zhis bloomberg. ♪ ♪ ♪ ♪ ♪ ♪ ♪ david: good monday morning.

let me give you an example of broadcom. their ai business was 10% of their total revenues last year. it's going to get to 25% by the end of next year. that is real monetization, scott. not everyone will see monetization, but there are companies seeing it. ibm, too, a much smaller piece right now. absolutely you want to have exposure, and it depends on your risk tolerance and profile as to which ones you want to be in. i don't have the patience or the stomach to be in nvidia. i just don't. >> i would never have expected you to make a statement like that and, oh, yeah, but i bought snowflake last week. >> it's 50 basis points. >> you still had to get your mind into a risk/reward place to even say buy. that's where i'm at. >> i have 30 names in my portfolio. i always have about two or three that are kind of outliers, not typical of stephanie link. >> that's one of them. put that on the wall. >> if i get it right, the alpha that i create is big. >> of course. >> i'm not dumb. we all want to make money, and i want to have exposu

gen ai spending and all of that capex certainly bullish for the likes of anet and amd and marvel, broadcomreports later this month. so the gravy train can keep going, brian? >> it could, and what's interesting about the on story and i interviewed the ceo a couple of years ago and nvidia gets all of your attention and amd, but the thing about the chip space is that we just tend to lump them together and they're so different. they do totally different things and they're lumped into the same group. >> it's also amazing and when you looked at the year in 2023 because we were so focused on nvidia which tripled the market cap in a year and we had the ai players and the picks and shovels and you're right, brian, the totally other side of the chip sector was analog that did not do so well and on semi, and for some of the more traditional plays, as well which will help the chip sector this year, and you know, it's funny because even a few months ago we were talking about the advanced ones will create more competition and the hyperkalers keep upping their cap sxeks there could be more room not just

broadcom, or amd. all of which i like more than i like qualcomm. i was gonna marry an idaho, mary. >> good evening, cramer, from beautiful downtown idaho, where it's 52 degrees and partly cloudy. i want to thank you for all the knowledge you have shared an information you have given us. and for me personally, for the insight on a cmi and picard. my question is, i need to sell some stock to raise some cash, and i'm stuck between two stocks. is there a formula, or a quick and dirty way to determine which one is the better one to sell, or if i should sell them both? i like your recommendation. and the two stocks i'm caught between our ibm and next time. >> okay. this is a great question. a lot of people -- first of all, thank you for the comments. a lot of people faced these dilemmas. what i'm gonna do is i'm gonna say that the industry that -- next time media is incredibly challenged, and not doing that well. the industry that ibm isn't is very good, and i beams quarter was excellent. i think ibm is a keeper, and i'm not so sure about next time mediu

nvidia rival advanced micro devices, semiconductors names marvell and broadcom, all powering higher. amd up 11%, marvell gaining 6.6%. arm, how about that, the chip designer, a 7% pop here. semi if equipment makers applied materials and kla moving higher. applied materials and kl a a, as they push forward, kla is seeing an all-time high. and check out electron electronic deseened software maker city knop if sis. that one also at a record thanks to a better than expected second quarter profit forecast. revenue and profit, its software helps design circuit-testing equipment, and the company says demand is absolutely off the charts. right now it's just off its intraday high but still up about a 7%. let's get to the blue chips, they are blasting higher right now. we've got the dow up 412 points. they only need to close up 185 points to mark a fresh record, so we're there for the if moment salesforce is grabbing the dow leader trophy for now. as a you take a look at the dow heat map, crm up 3.25 followed by visa, ibm, microsoft. two a.i.-related names. home depot's in there and american e

stephanie would agree with me on that, when you look at the performance of broadcom, you're talking about a profitable company. if you look back to the 97, 98 experience, a lot of the parabolic move came in areas of the market that were --. >> arms up 50% today, not 38. i apologize. carry on. >> to me, that's the distinction. the balance sheet, the nature of the balance sheet. mike santoli has done a phenomenal job talking about these companies and their qualitative nature and almost defensive in a sense, and the skepticism that remains in the market wants to own that defensive element in the market. i just think the financial condition of these companies is different than it was a 97, 98. >> stephanie, are we on the cusp of a mini mouth down? is it at danger levels? are you worried about that or not? >> while, i am worried about -- we are a little bit over bought and we have a really big inflation number next week. i wouldn't be surprised to see volatility, but here is the thing. the economy is stronger and why that is important is because earnings have been stronger than people thought.

ers if you look at a broadcom -- suppliers, there's a lot of interest here.e talked about last week a technology -- stuart: love that one, yeah. >> i personally own that, have to disclose no firm or family other thanship, but those are the picks and shovels that should do well if smartphone regrouse. stuart: i'm going to use a duck's act a sent, aflac. [laughter] lauren: the life insurer that you know from the commercials with the duck. down 10%, the worst drop in 4 years if it closes here. they're citing weakness not in the u.s., but in japan. stuart: i'll now use a british accent. lauren: okay, thank you. stuart: ferrari. lauren: strong orders going into 2026 looking at their order book. in the fourth quarter, they delivered more to the u.s. orders up 6% but down, where? in china, by 25. look at the stock, up 10. there is a report that the greatest of all time for formula one racing, louis hamilton, will join the familiar arely f1 team next year -- ferrari -- which means he'd be leaving mercedes. stuart the growth of that stock is sensation sal. $400 a shar

chip makers amd and broadcome, they have doubled in the last year. when you look at the magnificent seven, they're all surging today. it's not just nvidia. meta shares, they too hit an all time high. they're using artificial intelligence for meta verse. the nasdaq composite flirted with a record close. it about 16 points shy. this rising tide that is nvidia is lifting all boats. >> neil: it is amazing. as is that analogy with taylor swift. brilliant. when i -- she has some debby downer songs. leverage is the same. like i love this next guy. i compare him to a male market version of taylor swift. scott martin is here. you and i talked about this tech rally. you can't fight the tape on this. a lot of people say it could be an early internet boon. we know that went bust. i hasten to add a lot of that went bust because there were a lot of companies that weren't scoring big earnings and proved big disappointments. in the case of nvidia, it's making money hand over fist. there's money to be made in artificial intelligence. nothing artificial about that. wh

names i have to talk about the sizzling names you over the last month shared with audience, nvidia, broadcomese? >> we sold down a little but we still have a chunk in all. look, my biggest worry, i think we're up 40 plus in nvidia, meta, six weeks, 35, that is too far too fast. hey, every day they emseem to hold them up even higher and we'll ride them out as far as they want to go. i'm a big believer in time and price, man, oh, man, they have a chunk in short order. just tells you this a.i. thing, and believe it or not i never thought i could say this about them, maybe a lot of people were underinvested on them. so far so good. charles: right. >> but i have my eyes very close on them because i don't want to let them go back down if they decide to. charles: yeah, we've actually seen that too, right? nvidia had two back-to-back earnings reports where they went up 50 bucks and gave it back in a matter two of days. amazon bounced off the 50-day perfectly. it had a parabolic move here. it is starting to break out. this is acting good. how much further do you think this can go? >> we love companie

why be in a google a opposed to nvidia or micron or broadcom that trades up 2%, 3%, hour to hour. i think that's part of the problem, as well. technically, if we can put up a chart, the level we just traded up to, the same highs we made back in december of 2021, so, now the technicians will look at this and say, there's a major double top here. there are a litany of things to be concerned about. valuation has always been compelling. >> seems to be going down on the same things all the time. always the concern about where it is in the a.i. race, that it's falling behind, that the product isn't as good as other competitors, that maybe there are upstafrrts out there that wl eat its lunch. >> yeah, so, going back to the bard launch in january 2023, this was after chatgpt came out and really took the whole tech community by storm and surprised folks here. and it's really important to note this stock was trading and $90 back then. so, it closed today at $137.5. so, tim will mention, it has kept pace with a lot of the stocks once it kind of got back on its horse. what guy's point is, it'

incredible for one low price call or go online to now to order call 1-800- 4784064 or go to get bullseye broadcomocal one 840 784064 or order online and get bullseye pro dot com order now how does klein and spector get among the most verdicts and settlements of any law firm in the country because klein inspector is an award winning team with five doctor lawyers, the most of any firm in the united states. and that's why the new york times calls klein inspector a powerhouse law firm. so if a defective product, motor vehicle accident or medical malpractice caused a canister off the injury, call klein inspector drugs trumped up charges. >> none of this is in the criminal cod you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our most popular unlimited plan for a year! not only will you save hundreds but you'll also be joining millions who have connected to america's most reliable 5g network. sure is a lot safer than becoming a stuntman for money. get a free line of unlimited intro for a y

you had taiwan semi, broadcom and amd, that's 50% of the etf is basically four stocks. so, is there a chance? listen, you're looking for a place to get into these names, god forbid something bad were to happen. and the level of the smh is around 160. you can do the math on the individual stocks. >> if there was a disappointing guide, you would have all their customers get hit, too, right? so, the guys who are buying these chips from them or have been buying them and causing these huge upsides, so, there will be knock-on effects, the semis will be the first. and then you're going to look at the hyper scalers. you were talking about broadening out, you know, the other megatrend over the last year has been these glp-1s. and we've seen that, lilly and novo have gained hundreds of billions of dollars, and they are similar, very concentrated trades. and a couple winners that have taken a lot of the goods in this whole trade. and so, i would be worried that, if you were to see the semis, you know, fall over the next few weeks or so, you're going to see some of the very crowded

broadcom is setting its remote access unit to kkr for approximately $4 billion.coming up -- that's what we would have seen. broadcom, symbol avgo. >>> coming up, putting out an ev car that has no chance. "squawk box" will be right back. and experiences for hundreds of thousands of fans with reliable 5g connectivity. now's the time to accelerate your business. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. it's time. yes, the time has come for a fresh approach to dog food. everyday, more dog people are deciding it's time to quit the kibble and feed their dogs fresh food from the farmer's dog. made by vets and delivered right to your door precisely portioned for your dog's needs. it's an idea whose time has come. ♪♪ at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years o

broadcom has doubled in the past year. ark md has doubled -- amd has doubled in the past year.the next big thing. let me just kind of illustrate a.i. for a second. microsoft, you'll like this, openai is working on something called sora. you can text artificial intelligence to create a video and then eventually add sound to that video. think of the chips that are necessary if to train such models. i mean, this is the stuff that's happening. and that's just one example. stuart: in this has really got you excited, hasn't it? if i can tell. you're pumping -- pumpedded up about that. [laughter] it's good stuff. all right, change the subject. some earnings reports came out before the bell including moderna which is up 8. laura: i'm more excited about this. -- lauren: it was a surprise. they reported earnings of 55 cents a share, and i'm going to give you the expectations. wall street was expecting a 99 cent loss. so amazing. they're diversifying past covid. they've got new drugs, think cancer, rare diseases, and they're trying to leverage their m pressure na -- mrn if a technology. t

i want you to consider it to be riding the coattails of nvidia, arm and broadcom. next is old fave enphase energy. solar power company that called the bottom on solar sales earlier this week causing the stock to rally 16%, taking up solar edge and generac along with it. quinn street, insurance marketing specialist, jumped 14.5% on a spectacular quarter. and rounding it all out is sonos, up 10.5%. sophisticated sound systems for your home and it's part of a large cohort of home improvement stocks that are working. and here i'm thinking about companies like trex that just reported a big quarter. didn't we say we should be buying the stock of home depot? if those are too obscure let's talk larger names. walt disney jumped 11.5% today on a terrific turnaround quarter fueled by dividend boost. after years of underperformance that have really hurt me. wynn resorts. another charitable trust name. vaulted 6.3% today alone as it's returned to hypergrowth move in both vegas and in macaw is finally happening. numbers were so amazing we added to our position for the charitable

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separate processing fee this item is not available in store so scan the qr code on your screen or go to broadcom today. >> chinese nationals at the southern border inside the new migran when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. jude has done, so we're very thankful nicky didn't have to travel to see her chances unravel over the weekend, donald trump beat south carolina native nikki halea nats and south carolina by 20 percentage points. not to brag, but eve n i could i beat nikki haley in south carolina. >> nikki suth carolina.o good ag her nickname on the campaign trail is brian kilmeade. e. but last we

. >> kkr is nearing a deal to buy a software business from broadcom.ld be announced as soon as today. broadcom is selling its end-user computer unit which inherited through its vm ware acquisition. cathie wood cells into nvidia for the first time in more than two years. they sold more than 2000 shares of tsmc's nvidia. ryanair has warned it could be forced to pay her back its schedule during peak summer due to delays in boeing jet deliveries. they may receive fewer than 4737 -- 40 737 max jets. the ceo warns it is likely to drive up european affairs this summer. jonathan: up next, nikki haley refusing to give up. >> there are huge numbers of voters in our republican primaries who are saying they want an alternative. i'm not giving up this fight when a majority of americans disapprove of both donald trump and joe biden. jonathan: that conversation, up next. live from new york, this is bloomberg. ♪ jonathan: live from new york city, the s&p 500, inching lower from an all-time high close on friday. the 10 year yield at 4.24. nikki haley refusing to give u

with broadcom and snowflake. that is the way of being here at this point. >> i think broadcom is more diversified. it has a.i. and data center cloud and networking and enterprise it has a lot of various ways you can win. it is the number one custom asic supplier they are the number two a.i. supplier that will give them $8 billion per year that has grown. their a.i. business was 10% of total revenue last year, joe it will be 25% next year that's amazing growth for a company of this size they have grown revenues three times what the industry has grown. the stock is trading 27 times forward estimate maybe nvidia deserves to be 32 times. 27 times for a company that is delivering free cash flow growth and amazing gross margins and industry leading, i like that story. >> yeah. it better have good stuff. 27 times is still -- 27 times. we have to get used to the numbers. stephanie, thank you i had a thought. do you think we won't need the fed and we will use a.i. that would be so much easier we will talk to 15 people tod

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hock tan, of course, well known as broadcom's president and ceo. member of that company's board of directors as well for a long time, as you might imagine. he joins, along with john arnold, kind of the name from the pagst. remember the old -- huge trader is what i remember him as. of course, centaurus energy, commodity hedge fund he founded after being at enron for many years. but the two of them joining that board to sort of round things out there. but hock tan, particularly, interesting addition. >> considering the focus on a.i. semiconductors -- just another bullish statement, i would say, by meta, in terms of pivoting towards a.i., and something he's talked about on the call, but adding more. >> we showed the zuckerberg review of the vision pro yesterday. verge had a piece out in the afternoon about people returning their vision pros. you get two weeks. because of eyestrain, motion sickness, including one of their own product managers, who complained that just eye burn, redness. he's, like, i'm a fan. it's a magical experience, but i'm going to

jpmorgan is back writing broadcom. started as a buy, remember, they had to be quiet because of the vm deal and meaningful call and it won't stop at 16 because qualcomm, of course, is adjacent to nvidia. >> how about nvidia over three months adding the equivalent of a tesla? >> nvidia if you look 10, 15-year period is the best performing stock but has duone t quietly. it's not like the ceo beats his chest. it's just the opposite. but he is everywhere at all times, and he's got products that enables you -- i was looking again at some of the most recent product compared to amd but their product is loaded with learning software. by the way, alex karp in palintir talked about the need we're great at software in this country. i would say that the software that goes into the h200 new system that jensen is unveiling is so powerful, it's very difficult to not use nvidia if you're mark zuckerberg. >> sometimes it feels like between nvidia and lilly that sometimes you can make this a lot harder than it needs to be. i mean, i spen

names like nvidia, advanced microdevices, broadcom, and the semiconductor etfs are all in focus today'll see what happens with that one. back to you. >> dom, do you say walgreens was booted from the dow? did i hear you say that? >> i didn't say that i don't believe i said that, but that would have been interesting. it would have been -- >> you didn't think of it. i didn't either. someone tweeted it >> here's what i would say i was very proud of it >> now i'm embarrassed to say it >> i was very punny earlier in my career. i think my editors have tried to get me away from doing puns. >>> kathryn rooney vera, chief market strategist at stonex and the notes i read, they spoke to me today that is that we got -- everybody got a little ahead of themselves, and the perfect scenario that we were envisioning at the end of last year, we sort of thought that was going to happen this year until last week, and now anything that sort of takes away from that makes risk assets -- makes it a little bit questionable we're not in the same place we were a month ago >> kernan listens. yes. that's my -- tha