on the desk, tim seymour, carter braxton worth, bono and mike khouw. first we'll start with what might be the most important stock in the market. no, it's not nvidia. sure, nvidia's had a big week. the stock touched a $2 trillion market cap level for the first time today on continued follow through from its blowout earnings the company seeing data center revenues more than quintuple in the latest quarter and gave such strong guidance that one analyst raised his target price to $1400 per share. that's 75% more up side from here but a smaller semiconductor stock might be even more consequential, at least according to one of our traders. it produces one of the world's most advanced chips and is opening the first plant in japan this weekend its products are being used in everything from autonomous driving to artificial intelligence what is it tim? why don't you tell us. >> look, nvidia's the most important company. taiwan semi, at least for the market nvidia is taiwan semi to me is one of the companies that i think many folks and the world, especially focu

let's bring in carter braxton worth of worth charting. what did you bring?ich have been just tremendous performers over the past two years. two consumer names, and we can start right here with a comparative chart. so, remarkably, on a two-year basis, they are all almost iden identical. all up remarkably similar amounts versus an s&p trailing is up 13. let's look at them individually. one is really different than the others, and that's abmber com bee. this has had eigsix or eight instances where it's dropped down to zero. this will be a corrected. it's not a long-term compounder, but the other three are. if we look at the up and to the right, decker's circumstance, it's been basically appreciating without sort of wild swings since the early 1990s. so, too, of course, for nvidia, which has not been around as long, but it is also since '99, up and to the right. and then finally, of course, the flay ve flavor of the day, lilly, which is all the rage, and it, too, with some drawdowns, but unlike amber com bea has delivered results. these have been great winners o

. >> i mean there's a whole segment around carter braxton. march 7th is when you report. i would say you probably continue own this into earnings. if i'm long the stock, though, ahead of that release which i think is after the close on the 7th you've got to take profits to carter's point. >> the street their 12-month price target. which means it's below. so on the fundamental side the people respondable for studying and getting it right and predicting where they'll be, they believe it will be lower. >> i feel this is the prime example you mentioned execution being in the right income bracket. costco on the execution side versus wal-mart -- wal-mart is also execution, but wal-mart being the right demographic right now. >> yeah, the level of execution we see out of costco is so inconsistent and speaks not just to the fact they have a great management team in place, but there are structural protections around their business they makes it hard to copy it. we've seep a lot of companies, and it's really difficult. so i think there's something special to that. at this valuation,

. >> anyone is whole, so, maybe this is the time to take some profits, that's what carter braxton worth always says. >> i always believe in the reverse. people want to get back to even. so, they sell. and then -- >> right. >> and then that resistance disappears. >> oh. >> and you get pushed through that level and everyone who sold said, wow, what a sucker i am for selling there, and they actually become the next tailwind for a higher price. >> right. we do have breaking news of a supreme court, we want to get to eamon javers. >> that's right. the supreme court just within the past couple of minutes is saying that it will take up the issue of whether former president donald trump has blanket immunity from prosecution as a former president of the united states for actions that he took while he was president of the united states. this just in from the supreme court. they say the issue before the court now is whether and if so to what extent does a former president enjoy presidential immunity from criminal prosecution for conduct alleged to involve official acts during his tenure in office.

carter braxton worth? >> geo group. private prison operator. buyer for a breakout. >> that's funny.sell some upside calls on this arm strength tomorrow. >> courtney? >> disney. i actually like some of their earnings reports. i want to make sure you have it in your portfolio. >> steve? >> who is the worst messager on the street in the large cap tech space? alphabet. they're terrible. i'm long the stock, they've got to figure out their message. alphabet. >> thank you for watching "fast money." see you back here tomorrow at >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always more work in the summer. i promise to help you find it. mad money starts now. >>> hey, i'm cramer, welcome to mad money. i'm just trying to make you a little money. my job is not just to entertain, but educate and explain these records. call me. forget art official intelligence for a minute. right now this market is often in

carter braxton worth of worth charting dan, we've highlighted apple several times as the underperformerhere in the mag seven. >> this goes back to what tim was talking about multiple expansion last year. here's a stock that has underperformed the s&p 500, trades at a massive premium to the s&p 500 at 27 times, expected to grow earnings, call it mid to high single diments this year and low single digits, 2% revenue growth. it's just like -- you tell me a good reason why they've been left out there is no generative a.i. play here yet and so people aren't actually legging into it for that right now. you know what i mean so, to me, it seems like a stuck story, and there's obviously, it was going around today a little bit about iphone 15 not doing particularly well in china heavy discounting. that's an important market, 20% of revenues. there's no compelling reason to buy it right now certainly not on valuation >> yeah, maybe june, though. maybe the developers conference there have -- google went ahead with its offering and look -- >> i think apple is going to be very careful >> more careful

. >> carter, thank you carter braxton worth of worth charting some people today, you know, they've examinedcompany's conference call, et cetera they say that maybe this is idiosyncratic, but if that's the case, do you buy the regional bank index >> i don't know why you would. and i know yesterday brought up -- because it was a jeffries note that said these are idiosyncratic, but commercial real estate isn't. and it's a lagging indicator it's just starting to show some signs. it doesn't mean they're all going through this and there are different regions and this bank is also under the bright spotlight of regs, so -- bit of both >> $3 trillion commercial loan market, $1.3 trillion, he thinks could default. that's significant stuff. >>> coming up, we're diving back into tonight's big tech earnings we'll bring in gene munster. he'll get us all the details on the conference calls "fast money" is back in two. >>> welcome back to "fast money. let's get another check on tonight's big tech earnings. "fast money" friend gene munster has been listening into the conference call. has a few takeaways so

carter braxton worth of worth charting. so, if money is going into bio tech, where is the money coming from? jared holz was writing about the bio tech rally this morning, said maybe money is coming from mega cap tech. >> apple. >> apple. >> think about what's not been performing and think about where it is easy to say there is no innovation and i'm not saying that, but we're trying to characterize why someone might rotate out of what is formerly higher growth stuff. it's a big change in allocation. you are taking on more risk, significantly more risk when you are looking at bio tech over an apple or even a google. but i do think a lot of '22, outside of nvidia, lilly, has been broadening and allocation. >> some of these moves are really unabated. if they pull up the xlv, we know what's going on here, this thing is literally -- it's 45 -- it's pretty steep here, right? so, the idea we wouldn't have a check-back, if carter had a little more time, he might say that, things that broke out of the long consolidations, if you want