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Sep 3, 2024
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ed: broadcom may not see -- say it explicitly, but broadcom helps google with its tpu.-packard enterprise? in this stage in earnings season historically it might've been hard to get yourself pumped up for this, but look at the anxiety in the market. it is another print we need to watch. mandeep: i look at it this way. all of the companies that require, you know, ai-ready servers, there are not many places they can go to. it is dealt, smc i, amid all of the things that happened with their 10k filing. and hpe. i think all of these companies have razor thin margins when it comes to the ai servers, but still it is the growing part of their business. right now we have heard from every semiconductor maker that the market is undersupplied. that is why, you know, whether you are a server company or chip company you still ride this trend. what the new blackwell release will do, who knows? but clearly we know for fact that all of these companies are looking to build their ai infrastructure and i think because these companies fit in the supply chain they should benefit from that t
ed: broadcom may not see -- say it explicitly, but broadcom helps google with its tpu.-packard enterprise? in this stage in earnings season historically it might've been hard to get yourself pumped up for this, but look at the anxiety in the market. it is another print we need to watch. mandeep: i look at it this way. all of the companies that require, you know, ai-ready servers, there are not many places they can go to. it is dealt, smc i, amid all of the things that happened with their 10k...
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Sep 5, 2024
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broadcom being the dominant in both areas, we expect these sources of revenue for broadcom to continuepoint broadcom is like a conglomerate. it has a lot of legacy semiconductor businesses and software businesses. ed: we used to talk about broadcom in the context of smartphones, naming the apple. i will go to apple park on monday. what are they doing? kunjan: it is relevant, sizable. we don't expect high-growth catalysts. their business has been sticky with apple. they increase their margins slowly every year. there might be small content gains. nothing sexy. still a high cash flow generating business. caroline: we think about how chips perform after smashing expectations. you are a fundamentals guide. how are we positioned? kunjan: broadcom is not known for massive raises. if they address a couple points, a new customer announcement, upside to ai revenues and vmupda significant positive. caroline: so great to have you. thank you. that does it for this edition. ed: tomorrow, interesting interview. the waymo ceo, exclusive. a lot of news around waymo of late. it was a short week with a
broadcom being the dominant in both areas, we expect these sources of revenue for broadcom to continuepoint broadcom is like a conglomerate. it has a lot of legacy semiconductor businesses and software businesses. ed: we used to talk about broadcom in the context of smartphones, naming the apple. i will go to apple park on monday. what are they doing? kunjan: it is relevant, sizable. we don't expect high-growth catalysts. their business has been sticky with apple. they increase their margins...
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Sep 6, 2024
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if you saw broadcom put on pressure, people will move out of semis.dan, thank you. >> thank you. >>> coming up on "worldwide exchange," broadcom's drop. nasdaq facing the biggest pull back. the ital js cricobreport and what it could mean for the upcoming rate decision. futures in the red. nasdaq down more than 1%. we'll be right back after this break. ♪ ♪ ♪ ♪ is it possible to count on my internet like my customers count on me? it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? -your data, too. there's even round-the- clock customer support. so you can be there for your customers. with comcast business, reliability isn't just possible. it's happening. switch to reliable comcast business internet with security and get started for $49.99 a month. plus ask how to get up to a $500 prepaid card. call today! >>> welcome back to "worldwide exchange." it's time for the "wex wrap-up." cleveland cliffs ceos tells cnbc he is looking to block the nipp
if you saw broadcom put on pressure, people will move out of semis.dan, thank you. >> thank you. >>> coming up on "worldwide exchange," broadcom's drop. nasdaq facing the biggest pull back. the ital js cricobreport and what it could mean for the upcoming rate decision. futures in the red. nasdaq down more than 1%. we'll be right back after this break. ♪ ♪ ♪ ♪ is it possible to count on my internet like my customers count on me? it is with comcast business....
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Sep 6, 2024
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same thing with broadcom yesterday.indication of a move, so what we did yesterday is we wrote a covered call, only a one-week expiration. it will expire next friday. but the annualized premium was 60%. i realize that sounds crazy and only because of the hyper volatility, but we brought in $1. 3 yesterday. we wrote a cover call when we did the nvidia call last week. we brought in $1.25. so we closed that out yesterday. wrote another broadcom call. it brings in about $3 in premium for the past two weeks. granted the stock is down more, but we were able to hedge 20% of the decline that those who option trades within the past two weeks. so it worked out well for nvidia. it's worked out well for broadcom. the stocks are trending down. we want to be patient before we add to them. i think you'll get a buying opportunity. we're seeing prices similar to where we did at the jobs report last month when we saw the massive selloff. i feel like that would be a good entry point for people to buy for sure. >> you're more of in the buy
same thing with broadcom yesterday.indication of a move, so what we did yesterday is we wrote a covered call, only a one-week expiration. it will expire next friday. but the annualized premium was 60%. i realize that sounds crazy and only because of the hyper volatility, but we brought in $1. 3 yesterday. we wrote a cover call when we did the nvidia call last week. we brought in $1.25. so we closed that out yesterday. wrote another broadcom call. it brings in about $3 in premium for the past...
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Sep 6, 2024
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the etf is down 4% following broadcom's results.r more. and nvidia has been since its earnings report is 30% off recent highs. >> a huge reset. >> can we talk about the fact you're wearing packers colors. >> i don't even know when they play. >> tonight. >> that's right. on nbc. >> thank you very much for watching "power lunch." closing bell starts now. >>> thank you so much. welcome to "closing bell." it's make or break, tech wreck. that sector is down 7% this week under pressure yet again today. we'll show you the nasdaq in this final stretch. worst week in about 18 months. chips the foal faux the call point. broadcom is the latest post earnings pummelling almost 10%. and the index that tracks the semispace is down 11%. the weakness not limited there. microsoft is below $3 trillion in market cap. appl
the etf is down 4% following broadcom's results.r more. and nvidia has been since its earnings report is 30% off recent highs. >> a huge reset. >> can we talk about the fact you're wearing packers colors. >> i don't even know when they play. >> tonight. >> that's right. on nbc. >> thank you very much for watching "power lunch." closing bell starts now. >>> thank you so much. welcome to "closing bell." it's make or break, tech...
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Sep 6, 2024
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we've got broadcom dragging us lower.who's who of the magnificent seven, no wonder you are seeing such a pressure across the board on the benchmarks. this has been an ugly week more broadly. the nasdaq having its worst week since 2022. ed: we are quick, bitcoin continuing to slide, down more than 3%. good job getting that up, guys. i went a little bit robe there. there is a lot happening in real-time on the week. as you know, a tough week broadly for risk assets. caroline: and volumes on -- up on the s&p for this friday. we want to dig into the micromuse. u.k. watchdog is sending a note to google, saying it abuses one area of its business that accounts for 80% of total revenue. you can guess what it is. this is "bloomberg technology." ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhh
we've got broadcom dragging us lower.who's who of the magnificent seven, no wonder you are seeing such a pressure across the board on the benchmarks. this has been an ugly week more broadly. the nasdaq having its worst week since 2022. ed: we are quick, bitcoin continuing to slide, down more than 3%. good job getting that up, guys. i went a little bit robe there. there is a lot happening in real-time on the week. as you know, a tough week broadly for risk assets. caroline: and volumes on -- up...
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Sep 5, 2024
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isn't is a similar set up with broadcom? lofty borrowing with a stock setting up for a similar situation? >> it could. it could easily sell the news. it kind of trades a little weird around earnings. i would not be surprised because it is up 38% year to date. you are talking about a.i. revenue going to be $150 billion opportunity for the company over the next five years. that's huge. at the same time, marcvell told us last week, the cyclical part of the business is bottoming and starting to see a recovery. that bodes well for broadcom. you havecurring revenue. it gets them more exposure. it is a risk to buy them ahead of the quarter, i realize that, for the long term, i have no doubt this company is a bigger and that's why i want to be bigger in the weakness we have been seeing over the last couple days. >> steph, talmost out of time. all tech is lower since then. why do you want to buy crowdstrike? i'm sorry we have a little bit of time left. >> cybersecurity is a total addressable market. retention was 98% in the quarter.
isn't is a similar set up with broadcom? lofty borrowing with a stock setting up for a similar situation? >> it could. it could easily sell the news. it kind of trades a little weird around earnings. i would not be surprised because it is up 38% year to date. you are talking about a.i. revenue going to be $150 billion opportunity for the company over the next five years. that's huge. at the same time, marcvell told us last week, the cyclical part of the business is bottoming and starting...
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Sep 16, 2024
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maybe you can give us a reintroduction to broadcom. >> sure.m has been around for, i've been running the ship for over 18 years. started as a semiconductor company. and over the last six years, we kind of morphed into infrastructure software. and that has gone very well and the recent acquisition of vmware was essentially another step towards the direction of creating a very balanced mix between semiconductors, particularly focusing on enterprises and infrastructure software. again very much for enterprises. let's talk about the vmware acquisition. some were concerned about how it was performing. the execution as always because it's a hock tan company, was superb. but this was a breakout quarter. how come? >> it was a jewel. technology in the products and the engineering team which created the products, the core technology, been around over 20 years. great, great technology and is very, very critical for infrastructure. especially for large enterprises running applications on their data centers on prim. that's what vmware is all about. what we'
maybe you can give us a reintroduction to broadcom. >> sure.m has been around for, i've been running the ship for over 18 years. started as a semiconductor company. and over the last six years, we kind of morphed into infrastructure software. and that has gone very well and the recent acquisition of vmware was essentially another step towards the direction of creating a very balanced mix between semiconductors, particularly focusing on enterprises and infrastructure software. again very...
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Sep 5, 2024
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about two hours from now, for more on what to watch from broadcom and all of the other chip choppiness there, let's bring in ben wright. the head of technology research. ben, this is a scenario where nvidia is rightfully in many people's minds, the stock that is driving the entire market right now. how scared or optimistic should we be about the chip sector? >> hey, dom. well, look, seasonally, this is a time where a lot of folks digest big first-half expectations and the chip stocks, just like actually last year ran ahead of a lot of ai hype and now it's time to deliver, and we're see something cracks in terms of pc demand and a few of maybe the applications that investors wanted to see take off such as microsoft co-pilot and a few other things be slower on the uptick, but i feel like we are in the early innings still of this and feel the sector will find its legs and get going as a lot more applications come out next year. >> okay. so let's assume and let's just say for argument's sake that you're right and this is a longer term story that's playing out that we're in the early inning
about two hours from now, for more on what to watch from broadcom and all of the other chip choppiness there, let's bring in ben wright. the head of technology research. ben, this is a scenario where nvidia is rightfully in many people's minds, the stock that is driving the entire market right now. how scared or optimistic should we be about the chip sector? >> hey, dom. well, look, seasonally, this is a time where a lot of folks digest big first-half expectations and the chip stocks,...
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Sep 6, 2024
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let's look at broadcom. it beat the top and bottom line. it down nearly 10%? why did it lose $50 billion in market cap? the forecast for the current quarter shaved it from 14.11 billion to $14 billion. so think about that for a second. they shaved $110 million in forecasted revenue, we just lost $50 billion. that speaks and underscores or amplifies the fact that away we are seeing in the tech investment world is an insatiable thirst. when you really talk about what's going on, i think you're seeing nvidia, profit take ing down about 21% and highs in july. but if i look at meta, they have defied gravity and continues to see f you look at august 5th, meta got down to 450. so why i'm focused on meta, why i think facebook is the the lynch pin because if we see detieruation or a crack under that 450 level, that's where you can see more panic. i don't see panic. you're seeing the tech sector being utilized as an atm, and rightfully so. saying nvidia is right at a key level where the charts, depending on if it goes up, maybe the chart looks good.
let's look at broadcom. it beat the top and bottom line. it down nearly 10%? why did it lose $50 billion in market cap? the forecast for the current quarter shaved it from 14.11 billion to $14 billion. so think about that for a second. they shaved $110 million in forecasted revenue, we just lost $50 billion. that speaks and underscores or amplifies the fact that away we are seeing in the tech investment world is an insatiable thirst. when you really talk about what's going on, i think you're...
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and broadcom is a diversified semiconductor player.ust a good gauge on how the market is expecting demand to go. there is a disparity in semiconductor sales right now. analog, industrial, automotive, not holding up well. the only thing holding up is ai. >> with jeep halting production, you think there's a lot of parts of the economy got doing nearly as well this one. thanks for now. >>> we'll hear from a chainmaker powering ai this afternoon with broadcom, but now to a software company using ai to improve efficiencies to target issues and improve sustainability. aspen technologies was our mystery chart, climbing 34%, and will cut 5% of the workforce in the first quarter. here is the ceo, antonio petria. welcome. >> hi, kelly. good afternoon. >> thrilled to have you here. give us a closer look on what's happening on the ground, and what would you say is primarily driving business right now? >> what we see, especially in the oil and gas refining and chemical sectors is focused on continuing to drive efficiencies, but also managing their
and broadcom is a diversified semiconductor player.ust a good gauge on how the market is expecting demand to go. there is a disparity in semiconductor sales right now. analog, industrial, automotive, not holding up well. the only thing holding up is ai. >> with jeep halting production, you think there's a lot of parts of the economy got doing nearly as well this one. thanks for now. >>> we'll hear from a chainmaker powering ai this afternoon with broadcom, but now to a software...
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Sep 5, 2024
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. >>> we a news alert on broadcom. revenue guidance for the next quarter in line with expectations.ma mody has the details. seema? >> melissa, two things seem to be impacting the stock here. when you break out third quarter segment revenue for broadcom, semiconductor sales came in a bit weaker than expected. broadcom's ceo reiterating on the earnings call that he is seeing strength in artificial intelligence and says hyperscalers are scaling up. however, fourth quarter revenue guidance came in line with estimates at $14 billion. those still short of some of the loftier expectations out there on wall street. broadcom does project artificial intelligence in 2024 to bring in $12 billion in sales, that's higher than last quarter, driven by ethernet networking. that is a sign that demand is growing as it works with meta and google to build their in-house chips. shares down 7% in afterhours. still up over the last three months during the same time frame shares of nvidia are down. separately, you know, melissa, we are watching shares of intel here. there is a report that the company in an
. >>> we a news alert on broadcom. revenue guidance for the next quarter in line with expectations.ma mody has the details. seema? >> melissa, two things seem to be impacting the stock here. when you break out third quarter segment revenue for broadcom, semiconductor sales came in a bit weaker than expected. broadcom's ceo reiterating on the earnings call that he is seeing strength in artificial intelligence and says hyperscalers are scaling up. however, fourth quarter revenue...
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Sep 5, 2024
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mike, i mean, let's see how broadcom trades.e psychology of the market right now. >> and the traders have run hot and cold on whether we're going to really generously capitalize the a.i. business because there's still a lot of legacy, and we went through that cycle with dell. there was a big burst of enthusiasm, it's an a.i. play. then you sold it off because maybe it's still old tech and now, dell participating back again. the reaction is going to be interesting. meantime, the treasury market is definitely pricing in a higher chance of something like a harder landing here. i think you have to observe a 3.72% ten-year treasury yield. i don't think it's decisive or predictive, but that might color how we react to the jobs number tomorrow, whatever it is. so, again, we want good news. we want confirmation that the labor market's not falling apart, but i do wonder how we're going to read throw that next week or week after next with the fed. >> yeah. all ahead of us. can't wait for that. there's the bell. we'll take us out red. nasd
mike, i mean, let's see how broadcom trades.e psychology of the market right now. >> and the traders have run hot and cold on whether we're going to really generously capitalize the a.i. business because there's still a lot of legacy, and we went through that cycle with dell. there was a big burst of enthusiasm, it's an a.i. play. then you sold it off because maybe it's still old tech and now, dell participating back again. the reaction is going to be interesting. meantime, the treasury...
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i know that broadcom is -- if david were here, he would be saying, broadcom is so big.o, it has the power to create a bit of a downer mentality, but did you notice that nvidia went from being down 80 cents to being up after the employment number? we're way too sensitive. those do not correlate. jensen huang, if he saw what we're doing in the stock market, correlating interest rates with what they're up to, he would say, what do they have anything to do with each other? the answer is that it's very interesting for people to construct these ideas in their head. >> people have tried to argue that nvidia is a dynamic that leads to economic activity because of the size, because of the buildout, because of the capex. >> look, i think that's a great theory because you look at the datacenter, and there's so many companies involved with datacenter. i mean, that is a primary driver of caterpillar is the datacenter. we know that jonathan gray, though, from blackstone, they bought another datacenter, they wouldn't be doing that unless they felt datacenters were a secular story. rig
i know that broadcom is -- if david were here, he would be saying, broadcom is so big.o, it has the power to create a bit of a downer mentality, but did you notice that nvidia went from being down 80 cents to being up after the employment number? we're way too sensitive. those do not correlate. jensen huang, if he saw what we're doing in the stock market, correlating interest rates with what they're up to, he would say, what do they have anything to do with each other? the answer is that it's...
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Sep 12, 2024
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nvidia, broadcom or further down the spectrum i don't see the data points. the commentary we've heard from any number of important ceos and individuals in the tech space making the case as you discussed with brad. the case for overinvestment rather than under. they're quite clear about this so for now, that hamster wheel is still spinning so from a broad market standpoint to the extent you dance with who brought you, it's encouraging to see the tech stocks rebounding the way they have. >> let's bring in joe, ioaka great to have you with us. joe's a cnbc contributor it's the price action, joe, yesterday, that did get your attention. especially in the nasdaq the last time the nasdaq was down one plus percent intraday and finished up over 1% was in october of 2022. >> you have to respect price yesterday what we witnessed in the futures market, options market, a tremendous amount of buying when the s&p was between 54 and a quarter and 54.50 that's a very strong message that the market is sending and it appeared as though in the month of september equities, in pa
nvidia, broadcom or further down the spectrum i don't see the data points. the commentary we've heard from any number of important ceos and individuals in the tech space making the case as you discussed with brad. the case for overinvestment rather than under. they're quite clear about this so for now, that hamster wheel is still spinning so from a broad market standpoint to the extent you dance with who brought you, it's encouraging to see the tech stocks rebounding the way they have. >>...
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broadcom is more than a.i.om its vmware acquisition and sell phone chips could be coming due to the next iphone. even if demand from the hardware comes in lower than expected, it might be fine at this point. broadcom at this point after the selloff trades at around 22 times earnings, roughly in line with the average in the s&p 500, which is ridiculous. if you want to learn more, we did a huge, wall-to-wall dive on broadcom for club members today and i think it is compelling and you should read it. it remains the greatest story of our time. the data center, the hardware and software for it are so much stronger than the bears think and it is wide-ranging. just listen to the ceo of caterpillar talking about incredible demand for data centers filled with broadcom and nvidia chips and how it is worldwide and powerful. >> we are seeing data center demand globally, so this is not something in one geographic area and it is not just with one customer. so we are seeing a lot of demand from the hyper scalars, but also sma
broadcom is more than a.i.om its vmware acquisition and sell phone chips could be coming due to the next iphone. even if demand from the hardware comes in lower than expected, it might be fine at this point. broadcom at this point after the selloff trades at around 22 times earnings, roughly in line with the average in the s&p 500, which is ridiculous. if you want to learn more, we did a huge, wall-to-wall dive on broadcom for club members today and i think it is compelling and you should...
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Sep 23, 2024
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there was a report that broadcom will not follow qualcomm. what of other companies that you think could look at parts of intel? joanne: when you look at a company like broadcom, they have been careful about the acquisitions they make. companies that already have leadership positions that need fine where they can extract costs and make them more profitable. i can see why broadcom would not be interested in this situation. other companies, you have to think about regulatory challenges. i think qualcomm is the most likely, but i think for the design side the manufacturing side probably be spun off and the cash infusion could help lead to more success down the line for intel. ed: neither intel nor qualcomm has commented. joanne feeney, someone who has covered this industry for a long time as well. samsung has discussed building major new factories in the uae to help satisfy soaring demand for ai computing according to a report in the wall street journal. the journal says the discussions are in early phases and the project might not pan out given
there was a report that broadcom will not follow qualcomm. what of other companies that you think could look at parts of intel? joanne: when you look at a company like broadcom, they have been careful about the acquisitions they make. companies that already have leadership positions that need fine where they can extract costs and make them more profitable. i can see why broadcom would not be interested in this situation. other companies, you have to think about regulatory challenges. i think...
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Sep 4, 2024
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ipek: broadcom is excited to announce strong quarterly results.art of it is the growing ai demand and part of it is due to the rebound we have seen in equipment sales. part of it is due to the transition from sales description model so we do expect broadcom to come up and announce better-than-expected results. now unfortunately does not mean results will stop in broadcom if the economic dat doesn't support market moves. caroline: we thank you so much. coming up, we will be joined by the ceo of informatica to discuss the impact of generative ai. this is bloomberg technology. ♪ caroline: now for today's ai in action segment. basically you are in the business of managing, processing data, cleaning it up for your clients so they can harness the power of generative ai. for many we are questioning the height. how are your clients using it. amit: we are in that phase where we heard so much about ai were everyone is ready for ai except the data. we are helping customers truly convert all their missing data, clean it up, put in some structure so it can go
ipek: broadcom is excited to announce strong quarterly results.art of it is the growing ai demand and part of it is due to the rebound we have seen in equipment sales. part of it is due to the transition from sales description model so we do expect broadcom to come up and announce better-than-expected results. now unfortunately does not mean results will stop in broadcom if the economic dat doesn't support market moves. caroline: we thank you so much. coming up, we will be joined by the ceo of...
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Sep 12, 2024
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because the bank of broadcom told us not to worry he told us the a.i. business was going to accelerate. instead of joining the negative fray i said why should i doubt the all-time great coach when he has been right for ages. it is up to 164 and change, well above where it was before it was trading before the so-called bad quarter. if you gave the ceo the benefit of the doubt he deserved you could have made a fortune in less than a week last week we heard how disappointing the numbers were for nvidia yeah, cancel the watch parties no more tailgating for nvidia. it traded about 126 before it was laid to waste. full to 102 last week. the world gave up on it but they didn't know why or how they didn't know what nvidia does they certainly can't pronounce it this week those who panicked and dumped the stock guess what i think they're trying to remember why the heck they did something so stupid. we now have learned that demand is so strong for blackwell, the new super computer chip set, shipping in volume -- it will this year, the ceo said clients, i love this
because the bank of broadcom told us not to worry he told us the a.i. business was going to accelerate. instead of joining the negative fray i said why should i doubt the all-time great coach when he has been right for ages. it is up to 164 and change, well above where it was before it was trading before the so-called bad quarter. if you gave the ceo the benefit of the doubt he deserved you could have made a fortune in less than a week last week we heard how disappointing the numbers were for...
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Sep 6, 2024
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broadcom the same deal. not up as much as nvidia but the guidance and you can see that the results in particular of broadcom last night or today taking down super micro computer and intel's plan to divest some portion of mobile not helping their shares. it is not just technology. all 11 sectors of the s&p 500 are in the red. apple, tesla, google. we have the banks down the most. wells fargo down the better part of 5%. bank of america week, jp morgan, citigroup weak as yields go in. that it's there lending business. in one of these areas where there is nowhere to hide. when we connect this with the s&p 500 and we take a look at what is happening on top of the hood, we are going to see this nice uptrend out of last year's lows but we have been in this congestion. this is called a double top. it is lower. those buyers were less enthusiastic than those buyers. as around 200. the target closer to 4600. as long as the haven yen continues to strengthen, that moves investors out of risk assets and that is a big piec
broadcom the same deal. not up as much as nvidia but the guidance and you can see that the results in particular of broadcom last night or today taking down super micro computer and intel's plan to divest some portion of mobile not helping their shares. it is not just technology. all 11 sectors of the s&p 500 are in the red. apple, tesla, google. we have the banks down the most. wells fargo down the better part of 5%. bank of america week, jp morgan, citigroup weak as yields go in. that...
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Sep 11, 2024
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same with broadcom.ut the actual thing that drove things was nvidia, which had recently become the epicenter of tech negativity. i don't make this up. i actually heard a debate today about how long the bear market in nvidia shares would haunt us. the bear market. sometimes they didn't mention this is still the best stock even though it was down at the time. what happened to get the stock roaring again? how about this? the ceo cleared up questions lingering about the supercomputer chip, blackwell, which has been a source of speculation about missed opportunities and the level of demand for a.i. hardware and nvidia is the subject of more than its fair share, so jensen decided to set things right. first in his fireside chat with the goldman sachs ceo as part of the cornucopia plus tech conference. the man i call da vinci because he is a modern-day renaissance man said we are not telling the story right. nvidia is not only at the epicenter of an artificial intelligence move, but also dominates the accelerate
same with broadcom.ut the actual thing that drove things was nvidia, which had recently become the epicenter of tech negativity. i don't make this up. i actually heard a debate today about how long the bear market in nvidia shares would haunt us. the bear market. sometimes they didn't mention this is still the best stock even though it was down at the time. what happened to get the stock roaring again? how about this? the ceo cleared up questions lingering about the supercomputer chip,...
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Sep 4, 2024
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after them, so, the next stop is potentially an nvidia. >> yeah, and then, you know, you have a broadcom, and -- announcing tomorrow after the bell, and again, they're not quite -- nobody's situated like nvidia here, but this is a stock that has been rocketing, and the dynamic is ultimately what are you willing to pay for broadcom's earnings? if you look at the semiconductors, at least midday today, they were only about 6% above the august 5th, so, remember, the day we went straight down and semis were the biggest -- you know, they're only about 5%, 6% above where they closed that day, which tells you the pressure that we're talking about in the space. >> i've been short-term trading this, and when you look at the 100-day moving average, it's $110 and change. until the stock gets back above that level, i don't think you should be trading it, because you could possibly see a fade to the 200-day moving average which is $88 and change. big move from here. september, not a great month for semiconductors, not a great month for the overall market. >> did you sell some of your position? >> i'm
after them, so, the next stop is potentially an nvidia. >> yeah, and then, you know, you have a broadcom, and -- announcing tomorrow after the bell, and again, they're not quite -- nobody's situated like nvidia here, but this is a stock that has been rocketing, and the dynamic is ultimately what are you willing to pay for broadcom's earnings? if you look at the semiconductors, at least midday today, they were only about 6% above the august 5th, so, remember, the day we went straight down...
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what do you like, if not broadcom? and needles with everybody else waiting for this earnings report, and we like nvidia, of course those are really the two big chip a.i. plays and, you know, nvidia is well off of its highs in here and so is micron which is still the memory part of that a lot more than nvidia but we'll be playing a big role there. i mean, look. the infrastructure that is going to run these programs just keeps on having to get more and more sophisticated. in order to realize the promise of a.i., these large language models have to continue to get larger. there is some talk about them being optimized, but they really just need to have more and more computing power, and that's where companies like nvidia and micron really come in. liz: yeah, and you like vertiv, and there's a relation too. i'm just looking it's up 5 #% 5, over the past year 95% you're not worried about buying so high? >> well, actually, i'm interested in buying because it's off of its high by so much and yes, it has gone up a lot year-to-d
what do you like, if not broadcom? and needles with everybody else waiting for this earnings report, and we like nvidia, of course those are really the two big chip a.i. plays and, you know, nvidia is well off of its highs in here and so is micron which is still the memory part of that a lot more than nvidia but we'll be playing a big role there. i mean, look. the infrastructure that is going to run these programs just keeps on having to get more and more sophisticated. in order to realize the...
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broadcom is the biggest laggard on the nasdaq 1000. by the way, chipping stocks are following them down the tankful. the philly sox index down about 4.25%, on track for its worst week in close to 3 years, a loss of more than 12%. and this is not helping the markets either, the august employment report came in at 142,000. that is weaker than the expected 16 600,000. and july's already -- 160,000. and july was actually downwardly revised the 89,000. a little bit of good news, unemployment fell .1% to 4.2% as more people found jobs than entered the work force. all right. so federal reserve governor and voting member chris waller saying in a speech this morning at the university of notre dame that softening data shows now is the time to carefully, as he put it, start cutting rates. listen. >> i will be looking at the last two employment reports in combination with all other data we have received as we head into the september fomc meeting to decide the best stance on policy. i believe our patience over the last 18 months has a served us wel
broadcom is the biggest laggard on the nasdaq 1000. by the way, chipping stocks are following them down the tankful. the philly sox index down about 4.25%, on track for its worst week in close to 3 years, a loss of more than 12%. and this is not helping the markets either, the august employment report came in at 142,000. that is weaker than the expected 16 600,000. and july's already -- 160,000. and july was actually downwardly revised the 89,000. a little bit of good news, unemployment fell...
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Sep 13, 2024
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broadcom, super micro and nvidia here to talk with us, is ankur crawford, joining me here at post 9 we'veed you to rethink thing? >> not really. if you believe in the idea that ai at some point, whether it's three, four, five years out, will provide us with superhuman intelligence, all of the cap ex being spent is beyond what i think anyone that is contemplated obviously, when it consults for three months how are you mentally modeling it out >> i think there's many ways the slope can change in any given year it was the first time that they haven't gone up for nvidia the goldman sachs conference, jensen gets on the stage and talks about how capacity has to grow in 2025, but also has to grow in 2026 that basically marked the bottom of the stock 25 is not peak cap ex. we think 25, 26, 27, potentially 28 will be big cap ex years. >> you know, it was interesting to hear where he had some impatience of the question how will we get paid >> he said, basically everything we do will be built around the ai technologies, which is interesting to me, except it goes back to the idea that technology alwa
broadcom, super micro and nvidia here to talk with us, is ankur crawford, joining me here at post 9 we'veed you to rethink thing? >> not really. if you believe in the idea that ai at some point, whether it's three, four, five years out, will provide us with superhuman intelligence, all of the cap ex being spent is beyond what i think anyone that is contemplated obviously, when it consults for three months how are you mentally modeling it out >> i think there's many ways the slope...
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Sep 4, 2024
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sent products that did not pass broadcom for larger production.mains on track for volume production next year and that broadcom hasn't concluded its evaluation. joe, the reason why intel and broadcom are in the news outside of nvidia. back to you. >> under 20 on intel now, dom. thank you. >>> back to the volatility. latest volatility in the overall markets. joining us to talk about key technical levels, strategies founder and managing partner and cnbc contributor. is this a completely separate event we're witnessing now from what we saw six weeks ago with the growth fears? feels we didn't get that totally behind us. >> i agree. start of the high volatility cycle for the market. vix spike aside, obviously major, seen volatility index lose downside momentum for some time. a meaningful shift. usually high volatility shifts last maybe 9, 12 months and think it will kacarry into earl 2025. with that a long-term neutral bias reflecting a range-bound environment. i think we're in store for a seasonal correction. that would suggest that that first pullbac
sent products that did not pass broadcom for larger production.mains on track for volume production next year and that broadcom hasn't concluded its evaluation. joe, the reason why intel and broadcom are in the news outside of nvidia. back to you. >> under 20 on intel now, dom. thank you. >>> back to the volatility. latest volatility in the overall markets. joining us to talk about key technical levels, strategies founder and managing partner and cnbc contributor. is this a...
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Sep 4, 2024
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broadcom is positive. they have earnings tomorrow, i think. nvidia is still any biff, through there's a lot of stock exchange that have gone green. >> i would be adding. outside of nvidia, there's other players, and for example, coms like amd did have strong data center growth. broadcom is expected to deliver positive esults. marvell reported last leek and had a beat. so i think there's a lot of momentum on infrastructure spend, and there's a lot of cyclical momentum, in terms of unit growth, they flipped into positive territory, and i think there's more of that, because we are hearing that auto demand is stabilizing, so what i'm saying, scott, and we've been guiding this way for a mow months, don't at it all here right now, but gradually use this period of economic uncertainty to add to what are secular growers. >>. people have had periods of upset like they're going through right now, but the buyer didn't let that last very long. that got you to close to highs on the s&p. >> if you're going to buy dips, i would buy them in large caps. i'm no
broadcom is positive. they have earnings tomorrow, i think. nvidia is still any biff, through there's a lot of stock exchange that have gone green. >> i would be adding. outside of nvidia, there's other players, and for example, coms like amd did have strong data center growth. broadcom is expected to deliver positive esults. marvell reported last leek and had a beat. so i think there's a lot of momentum on infrastructure spend, and there's a lot of cyclical momentum, in terms of unit...
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Sep 3, 2024
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a lot of these chip names, it's nvidia, amd down almost eight, broadcom is down, as we speak, by morehan six. applied materials, taiwan semi about the same amount. micron down 7.5%, would you go as far as suggest the chip stocks, which were underperforming pretty dramatically relative to some of these other tech stocks? >> it's a dicey area of the market, but i think so. no guts, no glory. i think there are select areas, in our fund -- we don't own nvidia, but some chip-adjacent stocks are starting to to look attractive. we've been off the mag 6 train for really during the q2 part of the week, but i think there's some opportunities. if you're going to look to deploy capital, mag 7 is significantly below its midyear hides, and we've had that rotation which has been successful, but if you're going to see a falter in that area, it should accrues to the hyper scalers. they can't just all fall apart. i think this is a correction, and those are some of the neighborhoods i would be shopping in. >> utilities, health care, you talked about the expectations that yields are going to come down, a
a lot of these chip names, it's nvidia, amd down almost eight, broadcom is down, as we speak, by morehan six. applied materials, taiwan semi about the same amount. micron down 7.5%, would you go as far as suggest the chip stocks, which were underperforming pretty dramatically relative to some of these other tech stocks? >> it's a dicey area of the market, but i think so. no guts, no glory. i think there are select areas, in our fund -- we don't own nvidia, but some chip-adjacent stocks...
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Sep 19, 2024
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freeport and broadcom up 3.5%.e vernova up 3% we are getting a sense of the stocks moving on the fed decision in the pre-market a chip name at the top of the list a bunch of chip names dominating the board. asml up 4% broadcom and arm and advanced and tesla up 3%. we want to take a look at the bond market. benchmark at 3.69. ticking up a few points after the fed decision here is one we want to watch the 30-year now back above 4% at 4.01 the cut seen by some as inflationary we'll talk about bonds and other moves later in the show. we want to look at oil wti is back above $70 a barrel a key sentiment level for west texas intermediate a bigger move to the upside for brent crude almost at $75 a barrel that is a key sentiment level for brent crude. and cryptocurrency bitcoin is moving 3% higher this morning. even bigger more for ether up 2% ripple up 1% as well >>> that is the morning set up we will get to other parts of the market wall street is looking to rally. let's see how things are shaping up with silvia amaro in
freeport and broadcom up 3.5%.e vernova up 3% we are getting a sense of the stocks moving on the fed decision in the pre-market a chip name at the top of the list a bunch of chip names dominating the board. asml up 4% broadcom and arm and advanced and tesla up 3%. we want to take a look at the bond market. benchmark at 3.69. ticking up a few points after the fed decision here is one we want to watch the 30-year now back above 4% at 4.01 the cut seen by some as inflationary we'll talk about...
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Sep 23, 2024
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broadcom has.ou know, if, in fact, they were to go into sale mode, then it would be interesting to see who else emerged, but again, right now, you've got to put the chances of any potential transaction as very low. that always can change. oftentimes, deals like this, we say, no, there's no way, because it is such a small percentage, but you know, you can get momentum. it's unclear to me whether there's any momentum here as of yet. >> what about this potential investment from apollo? you see that report too? >> i did. that was a bloomberg story. it's interesting. apollo, of course, has already partnered with intel in one of their fabs, the same way that intel has partnered with brookfield, which goes, of course, to the constrained position they find themselves in at intel in terms of capital, needing to partner. this case would be different. why not, right? you're apollo. you got -- you're seeing a potential opportunity. you can structure something to meet intel's needs, perhaps, in terms of debt or
broadcom has.ou know, if, in fact, they were to go into sale mode, then it would be interesting to see who else emerged, but again, right now, you've got to put the chances of any potential transaction as very low. that always can change. oftentimes, deals like this, we say, no, there's no way, because it is such a small percentage, but you know, you can get momentum. it's unclear to me whether there's any momentum here as of yet. >> what about this potential investment from apollo? you...
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Sep 8, 2024
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value of leading industrial companies in the field of chips and artificial intelligence, such as broadcom and nvidia. he lowered the close by 26%. snp index that tracks the performance of 500 prominent american companies. the percentage has decreased. dow jones index ham, which has 30 large public companies in its portfolio, was accompanied by a fall of 410 steps. this unprecedented drop fueled investors' concerns about a deep economic recession in the united states . and the iran energy exchange today hosts the supply of all kinds of products in the subgroup of oil, gas and other energy carriers. the largest supply is dedicated to heavy oils. 20,000 tons of this product will be sold in the domestic market. in the inner hall, 5,000 tons of coal, 4,500 tons of iso-recycled and 1,000 tons of heavy metal are placed on the board. more than one million liters of solvent 402 and 404 from another supply the internals of the energy exchange. end of capital market news, good morning and god bless you. the campaign claims to destroy the infrastructure of the resistance, but in practice the entire u
value of leading industrial companies in the field of chips and artificial intelligence, such as broadcom and nvidia. he lowered the close by 26%. snp index that tracks the performance of 500 prominent american companies. the percentage has decreased. dow jones index ham, which has 30 large public companies in its portfolio, was accompanied by a fall of 410 steps. this unprecedented drop fueled investors' concerns about a deep economic recession in the united states . and the iran energy...
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Sep 10, 2024
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, some think it's oracle broadcom's market cap saturday 680 billion, oracle is $430 billion.it's punching above what used to be its weight and importance. a couple other comments, ellison talked about how they want 2,000 data centers eventually. they currently have 162. i mentioned the triple nuclear powered one giga watt center they're building out so we're talking about massive spend and huge plans for this technology >> just huge plans again, guy back to the idea that it's been a relatively late comer to building this new infrastructure that's needed in the age of generative ai so if it can continue to do so, of course, the pace of ai spending will have to keep up. that is an open question that's not just oracle but all of the cloud players okayle is now the solid number for or after the hyper scalers i'm also fascinated tat power generation question of this. larry ellison last night talked about nuclear powered data centers. that's something that amazon, the number one cloud player, has already had its eye on it sort of bought this entire nuclear powered data center earli
, some think it's oracle broadcom's market cap saturday 680 billion, oracle is $430 billion.it's punching above what used to be its weight and importance. a couple other comments, ellison talked about how they want 2,000 data centers eventually. they currently have 162. i mentioned the triple nuclear powered one giga watt center they're building out so we're talking about massive spend and huge plans for this technology >> just huge plans again, guy back to the idea that it's been a...
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Sep 16, 2024
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intel put out a statement and broadcom put out a statement saying they're still pursuing 18a. for aws, a huge customer as a hyper scaler, to be working with intel, perhaps has some investors reconsidering the viability. that's on the revenue side. on the cost side, you had the announcements here about stopping down some of the european expansion in manufacturing, pausing that for a bit. and then on the structure side, for those who are concerned about maybe they should spin off manufacturing, gelsinger is saying we're not going to do that, but we're going to shift the governance of it so that it's more of its own separate thing. and, of course, investors will read what they like into that. >> in terms of 18a, and you mentioned on the revenue side, do we know that revenues come in thanks to this aws partnership, or could it be they're working with intel and it's sort of on an as-we-go basis, depends on what you deliver? >> 18a is not shipping, it's a product that customers have their hands and they're placing in data centers. it's a multi-year, multi-billion dollar deal, but of
intel put out a statement and broadcom put out a statement saying they're still pursuing 18a. for aws, a huge customer as a hyper scaler, to be working with intel, perhaps has some investors reconsidering the viability. that's on the revenue side. on the cost side, you had the announcements here about stopping down some of the european expansion in manufacturing, pausing that for a bit. and then on the structure side, for those who are concerned about maybe they should spin off manufacturing,...
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Sep 5, 2024
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quincy: to give you an example, broadcom is coming after the close. they are extremely important in the infrastructure picture. i mean, they help with the generative ai and the processing. we will see if buyers come in, if broadcom delivers a look at the aftermarket. the fact of the matter is that ai is not going away. it will probably just pull back. once the valuation is in it -- with nvidia, by the way, he's trying to pull up. there was commentary in the marketplace that he did not receive a message from the government and that is perhaps false. overall, is not going to wait. the question is if it's the valuation from the expenditures and if that continues apace, but what the market wants to see above all else is let's see it integrated. cm integrated into your products and monetized. perhaps we get a picture from apple when they come up with upgraded phones that supposedly has more of the ai embedded in. we will see what the market reaction is. vonnie: nvidia commented that they did not get subpoenaed, but in some sense it might be a difference of
quincy: to give you an example, broadcom is coming after the close. they are extremely important in the infrastructure picture. i mean, they help with the generative ai and the processing. we will see if buyers come in, if broadcom delivers a look at the aftermarket. the fact of the matter is that ai is not going away. it will probably just pull back. once the valuation is in it -- with nvidia, by the way, he's trying to pull up. there was commentary in the marketplace that he did not receive a...
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Sep 17, 2024
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seek to do as much as they can internally with the help of other leading design companies, like broadcom, marvel, maybe intel, and others. it also shows that there's really no end in sight here. i think that they're going to look to diversify, if they can, beyond just building all these chips with taiwan semi, who's the world's leading foundry. but they don't want to be too relieutenant on them or give t.s.m. so much leverage that they can keep raising prices. so they kind of want to keep the industry balanced and honest, so to speak, and that would be to intel's advantage if they can show and prove they can execute at these very advanced, leading-edge notes. ed: i don't know what you're doing on wednesday afternoon, but here we'll be focusing on the next fomc decision. you're somebody whose desk is just everyday flying with technology news. hue do you and all the people who phone you tomorrow at 5:00 a.m. think about the fed tomorrow? jordan: half of them, mike lice, just want it behind us so we can move on and focus on fundamentals as opposed to the fed and the macro. i tend to think t
seek to do as much as they can internally with the help of other leading design companies, like broadcom, marvel, maybe intel, and others. it also shows that there's really no end in sight here. i think that they're going to look to diversify, if they can, beyond just building all these chips with taiwan semi, who's the world's leading foundry. but they don't want to be too relieutenant on them or give t.s.m. so much leverage that they can keep raising prices. so they kind of want to keep the...
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Sep 3, 2024
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we will hear from dollar tree and broadcom and 3 c.5 i.nufacturing index. a lot of data coming up here. the big event on friday with the august jobs eport. for all of this, as we set up post vacation week, stephanie link from hightower. school is back in session and so is the markets. stephanie, what are you doing? >> good morning. i'm buying. i was adding last week to a few names in broadcom and cr crowdstrike and chipotle. i think you want to be adding to stocks on weakness if we get it and today we're getting it a little bit. september should likely be a little bit volatility. you want to use that weakness to be adding. we got through two big hurdles the last couple weeks. we got through jackson hole. we had a dovish fed powell, chair powell and nvidia. the numbers were really good. the a.i. boom continues. you have the economy growing. we have a second quarter gdp revised higher and the atlanta fed at 2.5%. you had good pce on friday. that translates into good earnings. that's why i want to add to weakness if we get it. >> you said thi
we will hear from dollar tree and broadcom and 3 c.5 i.nufacturing index. a lot of data coming up here. the big event on friday with the august jobs eport. for all of this, as we set up post vacation week, stephanie link from hightower. school is back in session and so is the markets. stephanie, what are you doing? >> good morning. i'm buying. i was adding last week to a few names in broadcom and cr crowdstrike and chipotle. i think you want to be adding to stocks on weakness if we get it...
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Sep 13, 2024
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i'm going to do some stuff david, i'm going to -- what -- >> what do you got for broadcom?w about hot tam. >> you think he's yours? >>. >> i didn't say that it would be nice to have him here. >> sorry i have to go out to san francisco. he said it was a good quarter. the analysts looked at the december number and now it's up 15 in hawk i trust, period end of story. always have. can't wait to get out there. >> no sleep at all for you. >> i don't like sleep. how do you get 100 hours when sleeping it doesn't add up. >> we'll be relying on you bicoastal for the fed, for bank of england, bank of japan, general mills, darden, fedex. >> easy come easy go. >> fedex i think is going to be an upside surprise like general mills, owe mplay i don't know netflix. extraordinary numbers we'll talk about that too i'm getting netflix. they don't know that yet i'm going to the front of their office. >> hand cuff yourself. >> jensen, how is the numbers. >> we can't wait we'll see you tonight. >> thank you. >> "mad money," 6:00 p.m. eastern time dow up 220 on this friday as the s&p looks for the
i'm going to do some stuff david, i'm going to -- what -- >> what do you got for broadcom?w about hot tam. >> you think he's yours? >>. >> i didn't say that it would be nice to have him here. >> sorry i have to go out to san francisco. he said it was a good quarter. the analysts looked at the december number and now it's up 15 in hawk i trust, period end of story. always have. can't wait to get out there. >> no sleep at all for you. >> i don't like...
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lauren: to that end, nvidia's down 4%,, the broadcom's down, the tech and a.i.wn today because as we talk about potential recession risks and all these costs of a.i. funding, can you justify it if the economy slows down? stuart: okay. >> spin vid ya's down almost 20% from where it was, and i think a lot of that a speaks to lauren's point. the demand, people are wondering, is this all a really necessary? and i keep waiting for someone -- i was excited for his answer to your question, but then i heard it. again, i just am not convinced that people are excited for that. stuart: all right. tesla, they've announced changes to the model y, the stock is nicely higher -- lauren: yeah, look at that. they are reportedly planning a 6-seater in china next year. the model y is their most popular tesla, but it's four years old so if you're looking for a new car, four years is a long time. tesla reportedly told suppliers to increase output at its shanghai plant. so august was tesla's best month in china of the year. sales up 37% from july. i said, wow. and then i read that nor
lauren: to that end, nvidia's down 4%,, the broadcom's down, the tech and a.i.wn today because as we talk about potential recession risks and all these costs of a.i. funding, can you justify it if the economy slows down? stuart: okay. >> spin vid ya's down almost 20% from where it was, and i think a lot of that a speaks to lauren's point. the demand, people are wondering, is this all a really necessary? and i keep waiting for someone -- i was excited for his answer to your question, but...
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Sep 20, 2024
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i would repeat there's lots of other things going on that aren't broadcom and nvidia in markets. if you spend even five minutes, you can find them. >> i appreciate it very much. dan, thank you. marci, we'll see you soon. speaking of other things going on, apt sl going on today. that stock is higher above $230. they officially released the new iphone today. steve is live from the fifth avenue store today. he spoke with ceo tim cook earlier this morning and he's been watching the line very close ly throughout this day. >> that's right. and this whole week started off with some kind of dour news about 16 demand. that preorder data oaf the weekend, analystsic picked it aa part and sales appear to be down compared to last year. then we heard from the t-mobile ceo on wednesday, and he said at least on his carrier and his network, preorder sales were up from a year ago. we saw the stock go up 4% on that news yesterday. so here we are outside of the flagship store. tim cook was there. i have noticed the lines dwindle a bit, but let's hear what he had to say about what seeing. take a list
i would repeat there's lots of other things going on that aren't broadcom and nvidia in markets. if you spend even five minutes, you can find them. >> i appreciate it very much. dan, thank you. marci, we'll see you soon. speaking of other things going on, apt sl going on today. that stock is higher above $230. they officially released the new iphone today. steve is live from the fifth avenue store today. he spoke with ceo tim cook earlier this morning and he's been watching the line very...
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Sep 7, 2024
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value of leading industrial companies in the field of chips and artificial intelligence such as broadcomdia's close index is 26 tenths of percent. the s&p index, which tracks the performance of 500 prominent american companies , decreased by 1.7 percent. the dow jones index, which includes 30 large public companies in its portfolio, fell by 410 points. this unprecedented drop fueled investors' concerns about a deep economic recession in the united states. ladies and gentlemen, thank you very much for your company , may god bless you. in the name of god, the light, in the name of god, the light, in the name of god , the light, in the name of god, the light , in the name of god, the light, in the name of god, the light, in the name of god, the light. in the name of allah, who is the master of affairs in the name of allah, in the name of allah, who created the light, i am the light. praise be to god, the one who created the light , i am the light. in the book of mastoor, at the time of makhshor, in the book of mastoor, at the time of the charter, as much as is possible for the prophet , all
value of leading industrial companies in the field of chips and artificial intelligence such as broadcomdia's close index is 26 tenths of percent. the s&p index, which tracks the performance of 500 prominent american companies , decreased by 1.7 percent. the dow jones index, which includes 30 large public companies in its portfolio, fell by 410 points. this unprecedented drop fueled investors' concerns about a deep economic recession in the united states. ladies and gentlemen, thank you...
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Sep 7, 2024
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value of leading industrial companies in the field of chips and artificial intelligence, such as broadcom, nvidia, lowered the nasdaq index by 6.2%. the snp index the performance of 500 prominent american companies. investors are worried about the occurrence of a deep economic recession in the united states. 2 thousand kilograms of saffron will be offered in the commodity exchange, this news and more later. today, the news of the market price of the rural cooperative organization, 2 thousand grams of saffron purchased by this organization with a base price of 90 million tomans per kilogram will be offered in cash and credit form on sunday, september 17. iran sena's capital market news site, statistical data shows that after the publication of the 30% deposit certificate in bahman. the attractiveness of some low-risk investment instruments the capital market, including investment funds in fixed income bonds, has been overshadowed. in the week ending on 16 september, the iran commodity exchange traded two and one-tenth million tons of all kinds of goods and products worth 23,100 billion tom
value of leading industrial companies in the field of chips and artificial intelligence, such as broadcom, nvidia, lowered the nasdaq index by 6.2%. the snp index the performance of 500 prominent american companies. investors are worried about the occurrence of a deep economic recession in the united states. 2 thousand kilograms of saffron will be offered in the commodity exchange, this news and more later. today, the news of the market price of the rural cooperative organization, 2 thousand...
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Sep 4, 2024
09/24
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CNBC
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. >> the story today is about intel's manufacturing business and this reuters piece about a broadcomest that did not satisfy. >> well, look, i mean, intel is just a shadow of its former self, but you have a ceo who's a proselytizer, and all he does is say, look, we've done phase one of the restructuring. really? how about this bloomberg piece about the idea that perhaps they're going to be in big trouble when it comes to the chips act and maybe the government screwed up? i don't know, but i would say that intel's balance sheet, if you take a look at intel's balance sheet, people don't understand. i tried to get some numbers for intel's balance sheet. i know we're going on too long about intel. >> we talked about this yesterday. >> so, they have free cash flow minus $12 billion. now, minus. i want people to know that's not positive. minus 12.5 capex, and then they have -- they've got a gigantic just regular burn, so you got 12.5 capex. you got $24 million in negative free cash flow. oh, here. free cash flow projected to be $12.5 billion, expects $24 billion in capital expenditures, so
. >> the story today is about intel's manufacturing business and this reuters piece about a broadcomest that did not satisfy. >> well, look, i mean, intel is just a shadow of its former self, but you have a ceo who's a proselytizer, and all he does is say, look, we've done phase one of the restructuring. really? how about this bloomberg piece about the idea that perhaps they're going to be in big trouble when it comes to the chips act and maybe the government screwed up? i don't...
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Sep 5, 2024
09/24
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CNBC
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don't forget, tonight is broadcom and there was an analyst from evercore who said, buy it in front ofhead of the conference call. i was going through some of his other things, and he said, you should buy into the nvidia july quarter print. that was not a good idea, so i want this fella to go one for two, because my travel trust owns it but there's a lot of game-playing once again about a big quarter tonight by hock tan and broadcom, which is the smack in the middle of a.i. >> so, you'd like to have a session in which nvidia is not the focus. >> right. i think we need a session where we say, you know what? banks are making a good move, i'm taking a look at pfizer, merck, maybe merck bottoms here, we continue to have good numbers from unh, and i want that. i want finance, and i want health care. by the way, health care, health maintenance, the insurers, typically, those are the ones you really want to crush ahead of a democrat doing well. not this time. again, i'm coming to you with this -- there's no attack on pharma. where's the pharma attack? you're supposed to, you know, it's like d
don't forget, tonight is broadcom and there was an analyst from evercore who said, buy it in front ofhead of the conference call. i was going through some of his other things, and he said, you should buy into the nvidia july quarter print. that was not a good idea, so i want this fella to go one for two, because my travel trust owns it but there's a lot of game-playing once again about a big quarter tonight by hock tan and broadcom, which is the smack in the middle of a.i. >> so, you'd...
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Sep 16, 2024
09/24
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CNBC
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broadcom is one of them. then rene haas.- let's get a measure of these people before we decide that 72 hours is how we make or break apple, which is what you think is happening? >> who's going to get bragging rights tonight, you or chuck robbins, the atlanta falcons fan? >> i made chuck wear number 11 when julio was playing, we beat them, wore number 11. he was true to his word. he would probably have to find a new number to wear, but it's going to be very similar colors. >> we'll see what happens. a big week ahead for jim out at one market in san francisco. inw, all-time high up 320 pots. s&p has gone green. s&p has gone green. stay with us at t. rowe price, we help advisors move . by building agile etfs designed to outperform the index. that's the power of curiosity. better questions can lead to better solutions. t. rowe price. invest with confidence. it will take billions of solar panels to power the world today. aes is making scale like that closer to a reality. introducing maximo, our new ai-enabled solar robot, designe
broadcom is one of them. then rene haas.- let's get a measure of these people before we decide that 72 hours is how we make or break apple, which is what you think is happening? >> who's going to get bragging rights tonight, you or chuck robbins, the atlanta falcons fan? >> i made chuck wear number 11 when julio was playing, we beat them, wore number 11. he was true to his word. he would probably have to find a new number to wear, but it's going to be very similar colors. >>...
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Sep 6, 2024
09/24
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BLOOMBERG
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broadcom shares are lower in the premarket trade 8.7%. it disappointed on the sales forecast highlighting non-ai operations that are going more slowly than anticipated. company is a wide variety of offerings including mainframe products, security and data center software and among the main for apple and other big tech and that's your brief. jonathan: up next on the program , completing policies. >> further support the revival of american manufacturing my plan calls for reduction in the corporate tax rate from 21% to 15% solely for companies that make their product in america. jonathan: how workable that plan is on this payrolls front this morning. good morning. ♪ jonathan: it is jobs day and equity market is sliding down by 0.6% on the s&p 500 a little but soft during the session, under surveillance this morning competing policies. >> to further support the revival of american manufacturing our plan calls for expanded r&d tax credits. 100% bonus depreciation, expensing for new manufacturing investments and a reduction in the corporate tax
broadcom shares are lower in the premarket trade 8.7%. it disappointed on the sales forecast highlighting non-ai operations that are going more slowly than anticipated. company is a wide variety of offerings including mainframe products, security and data center software and among the main for apple and other big tech and that's your brief. jonathan: up next on the program , completing policies. >> further support the revival of american manufacturing my plan calls for reduction in the...
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Sep 28, 2024
09/24
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BBCNEWS
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hock tan, who runs chip—maker broadcom, got $162 million.51 million at cybersecurity firm i'm proud of the opportunities we've created for them, because there's been huge upward mobility in our company by the very people that started at the bottom — i'm one of them — and enabled themselves to not only work their way up, but to work their way up and earn more. however much an employee earns, elon musk is hoping to outstrip them all. the founder of the electric carmaker tesla is going through the courts to get the $56 billion package shareholders awarded him. if it comes off, it would be the biggest pay package in us history. as the boss, he's had to make difficult decisions, like at x, where he cut lots ofjobs quite abruptly when he took over. he explained the responsibility to my colleaguejames clayton. i wouldn't say uncaring. you know, the issue is, like, the company's either- going to go bankrupt... ..if we do not cut. costs immediately. this is not— a caring/uncaring situation. it's like, "if the whole ship sinks, _ then nobody's got a j
hock tan, who runs chip—maker broadcom, got $162 million.51 million at cybersecurity firm i'm proud of the opportunities we've created for them, because there's been huge upward mobility in our company by the very people that started at the bottom — i'm one of them — and enabled themselves to not only work their way up, but to work their way up and earn more. however much an employee earns, elon musk is hoping to outstrip them all. the founder of the electric carmaker tesla is going...
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Sep 25, 2024
09/24
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FBC
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strong numbers and on the conference call say high bandwidth memory is strong, nvidia goes up and broadcomll the ai stocks trade up in that enthusiasm. they're all looking for that confirmation. charles: the race inside of ai and large model area and meta coming on strong and bought like 160,000 gpus and the race and could that be a legitimate competitor to nvidia. >> how a meta, am zahn, apple, all the big hyper-scalers were coming with their own proprietary chips and meta is doing that and they're in a different space. they're not with azure and aws and with gcp ask data server space. they're over in the social media area andtrends in the past and building out of the internet and using smart phone and going on and on and own ago pc and ai has got to be contributing to charles: thank you, dan. appreciate your expertise. folks, in case you miss #-d t i was on with sean hannity last night. here's a clip. >> biden came into office, not only did he have a vaccine, also the best balance sheet in the history of america. that's what biden harris inherited. maybe she could fix the border and infl
strong numbers and on the conference call say high bandwidth memory is strong, nvidia goes up and broadcomll the ai stocks trade up in that enthusiasm. they're all looking for that confirmation. charles: the race inside of ai and large model area and meta coming on strong and bought like 160,000 gpus and the race and could that be a legitimate competitor to nvidia. >> how a meta, am zahn, apple, all the big hyper-scalers were coming with their own proprietary chips and meta is doing that...
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Sep 6, 2024
09/24
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KTVU
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broadcom based in palo alto had one of the warnings sort of lowering their guidance for the year thatn almost 10%. that is taking the nasdaq down almost 2%. right now 336 point drop for the nasdaq. the s&p 500 down 1.25%. and there's a live look at the dow down about a little more than a half of a percent 230 points. there 7-eleven parent company has rejected a takeover bid from a convenience store operator in canada. the japanese corporation that owns 7-eleven said the $38 billion takeover bid grossly undervalued the worth of its nearly 10,000 stores in the united states alone. the company has also said the offer was not in the best interest of 7-eleven shareholders. another court is blocking president biden's plan to forgive billions of dollars in federal student loans. a federal court in georgia ordered a temporary stop to his proposal, which was his second attempt on canceling some of the debts held by 30 million americans who took out those federal loans. president biden has battled opponents since 2021, when the education department started enacting a number of rule changes to t
broadcom based in palo alto had one of the warnings sort of lowering their guidance for the year thatn almost 10%. that is taking the nasdaq down almost 2%. right now 336 point drop for the nasdaq. the s&p 500 down 1.25%. and there's a live look at the dow down about a little more than a half of a percent 230 points. there 7-eleven parent company has rejected a takeover bid from a convenience store operator in canada. the japanese corporation that owns 7-eleven said the $38 billion takeover...
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Sep 6, 2024
09/24
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BLOOMBERG
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broadcom fell post market after fourth-quarter revenue forecast list.operations that grew more slowly than anticipated and aviation safety agency will require inspections of airbus engines after a midair fire on a cathay pacific flight, which forced the airline to ground planes and operators must check for damage inside engines. donald trump unveils plans including a tax cut and tapping elon musk to head up and efficiency task force. the details next, this is bloomberg. ♪ ♪ >> welcome back to bloomberg. donald trump pledges to cut corporate tax rates and audit the federal government as he pitched his agenda. he says he will prioritize the economy. trump: to support american manufacturing my plan calls for tax credits, 100% bonus depreciation, expensing and reduction in corporate tax, 15% for companies that make their product in america. ,: join now by kriti gupta. kriti gupta, this sounds like a full-blooded pitch to corporate america. there is a deep division now from kamala harris and trump. kriti: the -- the -- the thing is these are two candidates t
broadcom fell post market after fourth-quarter revenue forecast list.operations that grew more slowly than anticipated and aviation safety agency will require inspections of airbus engines after a midair fire on a cathay pacific flight, which forced the airline to ground planes and operators must check for damage inside engines. donald trump unveils plans including a tax cut and tapping elon musk to head up and efficiency task force. the details next, this is bloomberg. ♪ ♪ >> welcome...
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Sep 5, 2024
09/24
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BLOOMBERG
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aftermarket we will get broadcom earnings and that will give us an interesting picture in terms of demand for their semiconductors. you can get around up of the stories you need to know to get your day going, go to d.a. why be on the terminal -- dayb . howard marks in his view that even if you get cuts, there's an expectation from oaktree capital that you will get those cuts from the fed and you will get -- will still be above 3% in terms of neutral rates for the federal reserve. so chicken on daybreak for some details on those top stories. kamala harris says she will raise those capital gains taxes if she wins the race for the white house. to ensure that america's big earners pay their fair share. the latest on the u.s. election and her economic plans, next. this is bloomberg. ♪ tom: welcome back to bloomberg "daybreak: europe." kamala harris wants to raise capital gains tax on people earning a million dollars or more. speaking at a campaign event in new hampshire, the democratic candidate set america's wealthiest should pay their fair share. >> if you aren't a million dollars a
aftermarket we will get broadcom earnings and that will give us an interesting picture in terms of demand for their semiconductors. you can get around up of the stories you need to know to get your day going, go to d.a. why be on the terminal -- dayb . howard marks in his view that even if you get cuts, there's an expectation from oaktree capital that you will get those cuts from the fed and you will get -- will still be above 3% in terms of neutral rates for the federal reserve. so chicken on...