broadcom, with that 25% gap, that got pretty expensive, right? so, when you think about the guidance that they gave about their custom kind of business, between, i think it was $60 billion and $90 billion by the end of 2027, that caused that move. i think a lot of things are kind of getting ahead of themselves. that's kind of pie in the sky sort of guidance. so, again, if some of the use cases become clear, i think if some of the capex is better than expected, this stock is going higher. and to your point about consolidations, that's been the story for the last 2 1/2 years. gaps s consolidate, more gaps. >> i think if you're playing this from a trading perspective, trailing stock at 140 makes sense. if you're a longer-term player, 125 is long-term support on the stock. those are the levels you have to be very disciplined about. >>> the big banks getting a boost as michael barr announced he'll resign from his post next month. the news coming amid speculation that president-elect donald trump would seek to replace barr. investors betting this could

similar for intel and broadcom and micron here.e will talk more about the chips and what nvidia's ceo had to say with sara kunst in a moment. the bond market is holding steady. jolts later today and the monthly jobs report on friday. take a look at the benchmark. 6.2. it is 20 basis points higher than the hawkish cut in december. we want to look at the energy market. specifically oil. wti and brent breaking a winning streak. we start off with oil. oil moving in the opposite direction right now. just fractional moves. important to note wti is above 70 bucks. here on natural gas is a more than 4% pullback. over the last month, natural gas rising double digits. we look at bitcoin rising above $100,000. bitcoin trades around the clock. pulling back .50%. over the last week, bitcoin up 8.5%. >>> that is the set up. we turn back to the big money mover. nvidia. shares are higher in the pre-market after a more than 3% gain yesterday. the stock is up 11% over the last week. this after ceo jensen huang unveiled the company's latest breakthro

taylor: quickly, you also like broadcom.are and software, when we can't figure out which one we like, but you mentioned that broadcom is no longer cheap. talk us through it. >> yeah, i love that set-up. if you can't decide where you want to be in 2025 software and semis is a big debate on the street broadcom is both of them in one stock. look, we own the stock when it had a originally 3% dividend was trading at a mid-teens multiple. its now gone up to a mid-30s multiple obviously been a big run over the last little while. so stock is no longer as cheap as it was but it's also not expensive. when we look at the total addressable market that hock tan just told us about by 2027 this $75 billion opportunity, this is the company that can continue to grow into tthat with custom silicon with the biggest customers, amazon,, google and software and semis within the context of a.i. taylor: jason we love your picks and know our audience does too. we're making them smarter hopefully a little money. jason thank you so much. >> appreciate

you play that through nvidia, broadcom, is largely irrelevant. that is what is driving some of the other elements i mentioned. >> do you care that apple is down 3% and what do you can make of the fact that this company which -- was the best match had some of the most superlative stats in the market. >> listen, apple is a powerhouse. obviously -- not obviously cash within the context of those names has some of the least impressive growth rates. although they are looking a little better now called low double digits, but does it worry you that it's down 3%? i mean, a friend of mine likes to say sometimes stocks go up, sometimes stocks go down. >> that friend is a genius, you should hang out with that friend more often. we are leading the show with that. it's not wrong. it's not wrong. sometimes they -- by the way, great year, sit tight, come up with more ways to dunk on barry now. let's blasted out to rick santelli in chicago with the latest read on the market and why i think you might agree, rick, that the federal reserve cut in september, just wei

look at broadcom also in the silicon valley. but intel missed the ai boat largely had a huge drop. laid off more than 10,000 people. so it really doesn't pay to try to pick individual stocks even in a very strong year. okay. so we had a lot of things line up. a lot of things went well. but 2025 let's look at that. is it going to be a third year. i mean is third year going to be the charm? that would be a big surprise. but you never know. and y you're rit. things lined up. we had job growth. we had wage growth. two good news that bring us confidence in spending. not only when we go out to spend on groceries or presents, but also when we take a little risk and spend in the stock market. the third thing inflation was cool. prices did come down a bit, but what, if any of those things turn around? imagine losing a job, or seeing your wages drop, or knowing that the trip to the grocery store is once again going to be more expensive. that curbs people's desire to invest. okay, so going into this new year, we're also going into a new administration. yes, there's talk of tariffs potentially

alongside us chip firms, firms qualcomm and broadcom. and as chip makers surged, other major indexes finished the day with mixed results. dow jones slipped 25 points. tech heavy nasd added 243 points and s&p climbed 32 points. meanwhile, shares of fubo tv surged 200% after it confirmed a merger today with hulu plus live tv. well, as we've mentioned, large parts of the country are dealing with heavy snow. how pandas, though, are ah. behold, a glorious round table pepperoni pizza. huh ? hah ! well, behold ! the pepperoni and grilled chicken..... what the...?? mm hmm. behold, the pepperoni, grilled chicken and bacon pizza from round table. three magnificent toppings. grilled chicken, pperoni and sizzling bacon. try it at round table pizza. old pandas at the national zoo are basking in the snow. look at these shots. giant pandas bailey and king bao were all smiles today after about five inches of snow blanketed the washington, d.c. area. they're rolling around in it. three year old pandas arrived in the district in october. they'll make thei

really the basis for the ai economy and those that jumped on the ai bandwagon early, like nvidia and broadcom saw huge gains this year. if you msed the train like santa clara's intel, you likely lost money. andn 2024, a lot of employees. so scott we walked into 2024. and you know a lot of the talk was about inflation. and you know, the study show people were down on the year. but as we see the stock market did well. ai fueling a lot of things. you said s&p 500 up the last two years. so look in your crystal ball. do we have three years in a row. is there enough juice left in the ai bubble to keep going? that's a great question. and that's what a lot of people are waiting to see. garvin. things that went well this year. you said inflation was curbed. it was low. job growth was still strong. wage growth was higher. so shoppers not only felt comfortable shopping, but taking a little bit of a risk and therefore investing in the stock market because things have lined up well. if any of those factors drops, if people lose their jobs, if wages go down, if we see a return of inflation and high costs,

hock tan, who runs chip—maker broadcom, got $162 million.got $151 million at cybersecurity firm palo alto networks. and investment giant blackstone paid stephen schwarzman $120 million. since 2017, us companies have been required to disclose the gap between ceos and the rest, and it now shows the median ceo is getting paid 196 times as much as the median worker. disney's ceo, bob iger, is in his second stint in the job. towards the end of the first run, he was asked by my colleague amol rajan what it does for american capitalism when there's a big differential between the guy at the top and the guy at the bottom. i am proud of their compensation. i'm proud of the benefits that we've bestowed upon them. 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.

broadcom we have owned for a long time.s they continue to acquire new capabilities, we think that will continue to be a strong player in the space and have a lot more room for evaluation to improve. no applications in health care, companies -- new applications in health care, companies that provide new ways to monitor health, new medical devices that will bring smarter analytics. and industrials, whether it is the infrastructure bill or software to oversee cultural development, that sort of thing. there are a lot of opportunities sprayed we do like the big names, microsoft, amazon. online retail is still gaining share. there is still a lot of opportunities in the tech space for continued growth this year. caroline: joanne feeney, brilliant to have your take on the trends and individual companies. we will be talking trump's tariff position. the president-elect denying reports of potentially paring back his tariff plans. we return to another key leader who today resigned his position as liberal party leader. justin trudeau. t

why not broadcom? >> look, we've got chips with nvidia. netflix is winning the streaming wars.tv is struggling. netflix is where it is picking up. look at the amazing quarter. jake paul and mike tyson and nfl christmas day and "squid games." the ad-based tier is where investors are losing out. it will get more subscribers here in q4. ad revenue similar to amazon, ads is a huge growth kicker. not necessarily immediately in '25, but definitely '26. >> vicky, i want to get to your pick. what is your pick today and why? >> okay. one of my picks is cheniere. it is probably one of the biggest ies with the trump administration coming in. lng ex-ports is where we see th growth. the asian market is where they picked up in q3. they have a balanced allocation plan. they are paying off debt. they are increasing dividends. >> i have to cut you off. thank you for your pick. that does it for us. "squawk box" starts now. >>> gains to kickoff trading in 2025. we run through the big moves from last year and look ahead to potential catalysts for this year. >>> officials are investigating the terr

number seven was obvious h broadcom. up 108%.d the ceo on and he laid out a vision where the company will be making a killing from the data center. it's rare you have a -- come on the show telling you exactly what will happen and then that executive delivers 100%. he is greeted with disbelief, surprise, move higher? he said it all. not too late to get onboard. we have a slug for the travel trust. i talk about it all the time in our investing club morning meeting. target resources up 105%. maybe the key to keeping the permian growing. gas needs to be taken away. can't be flared. target has the pipes and the ability to fraction ate natural gas liquids. it was believed to be a big loser when president biden announced that pause in lng construction. that pause is over and -- well, i think it will be lifted immediately and that will lift target more. i think that cheniere energy was better to buy. i think target has the ability to rebuild the one/dividend and that's a good reason to stay on the stock. the s&p's biggest losers, they ar

the stock trailed marvell and broadcom 20% since the election.have been waiting for a catalyst and the catalyst path really post are earnings in mid-november was a void there. now here we are, the keynote at ces, on calendars for months now. we had earnings in late february. tonight, there is a lot of expect expectations of the a.i. robotics strategy or granular ty of the blackwell ramp. he will touch on gaming and other business. clearly, the bulls want to hear how blackwell is going in terms of supply and demand goes. >> we have been talking about nvidia. widely held stock for institutional and retail traders. i want to touch on what stephanie link said friday on our air on trade. >> i'm not entirely convinced that mag seven will lead us into 2025. they had a nice run. i think the reason why in december they did so well is people were chasing for performance because pms were under their benchmarks. they were chasing the winners. those have been the winners year to date. >> joel, i want your take on that. weakness with nvidia. you highlighted th

nvidia and qualcomm and broadcom all in the red. for more, let's bring in david zervos of jeffries.d morning, good to see you. >> good to be here. >> what do you make of the weakness in the pre-market? we saw weakness after the better than expected jobs report with bond yields spike. is that continuing over into monitor day or is something els play? >> it is continuing and it feels a little bit rough, but i think the important point of what you just said with bond yields is long-term interest rates did not spike. 30-year bond at 4.93%. it spiked to 5%. it is back to 4.95. it is almost unchanged from where it was prepay roll. what is mogollon ving is the fr. people are getting nervous that the fed will have to stay much higher for much longer. that's actually not going to be the right signal for the fed. so, the interesting thing about the price action said to me on friday and is continuing today into monday is even though we saw this unbelievable strength in the u.s. economy and people are optimistic about the strength going forward, they are getting increasingly worried the fed wil

if you like sea gate, i say that you will love broadcom and that, ladies and gentlemen, is the conclusiontesla and palantir. next. carl: what's up, carl nation! it's your #1 broker with the best full-service wealth management skills in the biz. tech asst: actually i'm seeing something from schwab. (uh-oh) producer : yeah, schwab lets you invest and trade on your own. and if you want they can even manage it for you. not to mention, schwab has a team of specialists for taxes, insurance, and estate planning. both producers: all with low fees. carl: we're experiencing technical difficulties... uh, carl... schwab! schwab. a modern approach to wealth management. is a bitcoin etf the same as owning bitcoin directly? while bitcoin etfs might offer a familiar face, they lack the true ownership and flexibility of directly investing in bitcoin. with itrustcapital you can buy and sell real bitcoin 24/ 7 with the tax advantages of an ira. real bitcoin means no middleman, no restricted stock market hours. choose the path of direct bitcoin investment with itrustcapital because access equals opportunity.

by the way, amazon, google, broadcom. those four sticking out as strength right now in that area.rles: by the way, tesla got a huge upgrade. i think 100-point target increase and in the meantime, i've got 30 seconds and looking at them and airlines have done extraordinarily well and argentina and energy. do you change those rates at all? >> i be careful with the airline and coordination there and argentina is strong and the man who came in and basically fixed everything, gets all the credit. i look to that on pullbacks. oils i do believe have broken the back of the bear market right no. it's a tough call and i'd rather look at pullbacks righted now, but a lot of down trends have been broken in a lot of names and that's where i look. how far it goes, i don't know. if oil prices keep going higher, that's going to affect areas of the market. for me, i'm watching what i call the basketballs being held underwater. broad com, great earnings reaction and sitting wide because the market is pulling the mallet out every time and playing whac-a-mole and stopping it in the tracks and those ar

i mean, yesterday, nvidia, palantir, broadcom, three of the best performers last year were like the worsterformers yesterday. that's a short term pullback for the stocks. stuart: are we getting that kind of volatility? a lot of it? >> i hope so, believe it or not. the last two years have really been an anomaly. we haven't seen two plus 25% years since the pets.com era, '98, '99 and we haven't seen a 10% pullback. there's normally like a 15% pullback. i think one of the smartest things investors can do right now is take inventory of every single stock you own, every single stock you wish you owned but don't, and then figure out how much conviction you have in each of the names. on a scale from 1-10. for high conviction names, come up with a price below where it's at right now where you'd buy more, write it down and stick to it. don't let your knees buckle when nvidia is $110 a share. even though you said you'd buy when it got to 110 and you change your mind. got to have conviction and ready to pull the trigger. stuart: find me some conviction, will you? where do i buy some conviction? all

also broadcom. well, that changed this year. will there be challengers?delta and hp pull away in the server space? even if the underlying theme maintains the momentum, i'm thinking that nvidia is the king. the king. i'm mindful there are four kings in every deck. question 17. >> which companies will are the a.i. winners, that could make some money from it? at this point we have a small subset. now, the one that's most obvious, salesforce, the agent force a.i. platform for sales and customer relations management. service now the same with back office functions. palantir could make a case as the valuation is pretty stretched the last few weeks. retail buyers just taking it up. adobe might be included. i am not sure if they are a winner from a.i. last quarter wasn't too great. my money is on matthew mcconaughey and woody harrelson. question 18. is the ad pc story dead on arrival? or is it just delayed? it proved to be one of the biggest disappointments of 2024. hasn't materialized in a meaningful way. if you look at what the pc makers said last year, they ex

. >>> nasdaq winners, ge health care, doordash, broadcom, autodecember thing. all up. auto desk.tment, the yield on the 10-year treasury. it's up again today to. it's crossed above 4.7%. investors don't like that. the price of gold this morning, $2,6800, up $15. bitcoin way down there, $95,000 now. the price of oil, $74. nat gas, i expect it to be up because of the cold snap across the country, especially the northeast. $3.58 is your nat gas price. average for a gallon of regular gas, $3.06. no change there. many in california, we like to tell you, $4.38 for one gallon of regular. coming up, in a pitch for free speech, meta has announced the the end of fact checking on facebook and instagram. we'll ask missouri congressman jason smith what he thinks of tech titan zuckerberg's building his ties with trump. >>> blue state massachusetts governor now offering support for trump's border plan. watch. >> in just the last two years of my administration, you know, where we did see an increase in numbers to the shelters because of congress' failure to fix the border. he ran on fixing the b

we started to see that even with broadcom, as we got into the last couple weeks of the year. the trading action here is something to be worried about, especially when you think about how little cash, i think, if you look at fund manager surveys the market overall has, and how much megacap tech led that spurt into year-end, which we know stalled bit. so, i wouldn't be jumping off the train here, but i think you could be short-term cautious. >> you don't look like guy, but you sounded exactly like guy with the outside reversal, the volume, all of that. so, i get that. i'm still, you know, i still think there's a longer-term story here, so, i'm staying in it. nvidia sold off -- it started to sell off when we got that data at 10:00, which i think was important for the market, not in a good way, right? we get higher rates and then obviously future cash flows get discounted and become smaller. so, that, to me, was a bit of a bummer. i think that rates sort of came back into focus again, they've been, you know, higher, higher, and then, oh, is it going to be a problem? i hope we see

that's when it topped out and they've been sideways to lower ever since, outside of maybe broadcom and maybe a marvel. amd's been awful, you throw a micron in the mix, qualcomm. that's something to watch early this year, as well. >> thoughts here, karen? >> so, for a.i., i mean, to me, we look at mag seven and how much is driven by a.i., meta has been the most compelling story, because they've been the most able to translate that spend, which is enormous, into actually giving advertisers what they want, right? they're able to target ads, the ads are more effective, the advertisers will pay more for them. so, to me, zuckerberg deserves the benefit of the doubt here on this gigantic spend. we've seen the spend before and it didn't work out with the metaverse, but i think -- it's had a great year, a great two years, but it's still pretty compelling at mid 20-ish multiple. not excluding the cash, so, t's a little more than a market multiple for a stock that is way better than average market stock. >> bonawyn, as you look at the landscape of 2025, is this a year when the market -- goes back

broadcom, nvidia, crazy valuations and yet it seems like they deserve it.p 10 average forward pe ratio of 43, that's mind-boggling tough. we never heard of it before, but they're earning so much money. here's the problem. at the start of every year, the focus obviously is always on risk. opportunity tends to be overlooked, particularly by professionals. this was last year coming into the year for 2024, it blacked out to where wall street began the pink dots and where it finished in october. the bottom line was everyone was chasing. no one believed, and they were flat footed so they played catch-up all year long. then, to of courses there's this, apollo saying about those valuations risks and those things, what about tariffs in what about nvidia, what if they don't mean expectationses? what if the fed has to the hike rates in let's bring in phil blancato. phil, i'm going to keep this up because you mentioned some of these things in the past. i mean, 90%, we notary riffs are going to be the big question mark -- know tariffs, what the impact will be. nvidia se

systems from # gpu's to 72 gpu's these other players cannot keep up whether it's custom silicon from broadcomamd. however, keep in mind, charles as this continues, the pricing power that nvidia has almost pricing power will com moment will occur so give them that time. i would say 2026, 2027 i would not give up on amd, but with that said, right here right now, this is nvidia's market and it continues to be. charles: i'm so happy we were able to get you on today, beth. learned a lot just from our short interview. because to your point this is the place to be, this is where the money is made and where society is changing and i'm glad we have you helping us understand it. thanks a lot. >> thanks charles. charles: you know, folks. the problem with the headlines like the one that started us off today from cnn on trump's tariff plan is they aren't breaking news. they aren't breaking news, but get ready because it's going to happen a lot. they are going to move markets and they may actually lose you money. i'll explain and try to caution everyone right after this. morikawa on 18. he is really boxed

two other key players that were already churning down with greater markets, still worth watching, broadcom, which just inked a multibillion dollar deal with apple to develop 5g radio frequency components and corning, which makes glass for iphone, ipad and apple watch. both trending in the red right now. scott? >> just ask you one more question unrelated to apple, but since we have taken stock of this all week, nvidia is going to close the week looks to be about 6% down. they had the big keynote at ces. what is your big takeaway this week for that stock? ? the transition from hopper, which was the current gpu iteration to blackwell is not as smooth as what a lot of analysts were anticipating. i say that because the ceo and cfo both said they're not going to up the guidance. they said blackwell is shipping beyond their expectations. but if they're not upping the guidance and one product is doing better than expected, the other product is not. so we have to think that going forward in a lot of every single year we have this moment of transition from one product to the next, especially nvidia

. >> the fateful eight meaning -- >> what does that mean >> max seven plus broadcom, you know that, tim we've done away with the mag seven, and now -- >> a lot's happened, apparently. >> the market is in the fate of those eight stocks when you put a lot of that price action together, that sentiment together, and you say to yourself, q-4 better be great, and people better have confidence in that 13%, 14% expected ed eps because if there is not a lot of confidence, as we get into february, then, we are going to have a selloff if you just look at the selloffs we've had over the past couple of years but the one thing is, and guy feels this way, if we have the ten-year back above 5%, it's not like a kiss, if it looks like it's establishing a new range, that has to weigh on equity valuation. >> i agree i'm glad tim brought up china. that currency has been sort of going -- same type of levels that we saw seven or eight years ago where the market got concerned. it's fascinating that the yen continues to weaken with their interest rates going higher, and something's about to give there. there's

nvidia, amazon, tesla, microsoft, broadcom, alphabet are working again, palantir.y, is left out of that group today. overall, trying to stage a rally after several days in a row. five days in a row for the s&p and nasdaq lower. consumer discretionary, utilities, energy, health care, industrials, all higher in today's trade. take a look at treasuries. lower yields may be playing into a little bit of the good mood on wall street today. 4.57. we're off that 4.6 level where we were in the previous few sessions. perhaps acting as a headwind for stocks. we are seeing a little selling with the two-year elevated. 30 minutes into the trading session. here are the movers we're watching. president biden officially blocking the $14.9 billion takeover of u.s. steel by japan's nipupon saying it would create problems for supply chains. shares of rivian soaring meeting production. watch those alcohol-related stocks after american surgeon general called for cancer warnings on alcoholic beverages. according to the cdc, alcohol consumption is the third leading cause of cancer in the

tesla, broadcom is down, not as much as nvidia but those have been the big winners.g this yield story on some of the mega cap tech. the s&p, though, is down half a percent but a little more resilient because there's strength in some of these other groups, the cyclical groups that have been left behind today, like materials and energy and industrials and financials. >> meantime, that jolt number, services number did a number on the bond market. we will continue to with a much that as we are not done with data for the week. we will get claims a little early because of the thursday holiday and of course the jobs number on friday, david. >> yeah, a lot more market coverage coming at you with the s&p down, let's call it one half of a percent, nasdaq down over 1.1%. don't go anywhere. >>> good tuesday morning again. welcome to money movers. i'm sara eisen with carl quintanilla. we're awaiting remarks from president-elect donald trump in mar-a-lago, florida. he's expected to talk about an investment in the united states. we'll take you there live as it begins

do you feel even better that maybe it's not just the nvidia and the broadcom?en the weaker names stop going down and pop to the upside, it usually means good news for the whole group, and it's no coincidence that taiwan semiconductor, one of the big strength gaps up to a new high today and nvidia is right on the precipice. it actually hit it today in a little bit of pullback and broadcom which gapped up on earnings is just sitting nice and tight and hopefully the next move is another breakout from here, so good news, let's hope it continues. i'm a big believer in the semis but i will say this. there's still a ton of the market that's pretty much dead money, and i don't mind that because as long as a narrower list of areas are doing fine that's the place to go. charles: right. so last time you were on the show you mentioned reddit, broadcom, and google, right? i got to tell you i'm seeing more and more articles about google, the willow thing helped them a lot. are these buys for you or potential buys? >> first off, earnings are coming out real soon on a lot of n