deirdre bosa on alphabet's post earnings ugliness. and christina partsinevelos on nvidia's strong session as amd pulls back today. steve, we'll begin with you. this headache that just won't go away. >> did you just downgrade it from earlier from a migraine. scott it was a migraine on halftime report. anyway, here's what's going on with the shares here. today we see the shares down about half a percent. now this is from a bloomberg report overnight saying that china app store is being investigated. this is over those 30% fees that apple charges. this is the same kind of investigations and lawsuits and so forth. we've seen all around the world, including here in the united states and in europe. and what's at risk here is, of course, the app store revenue that plays into the services and overall margins that we've seen at apple that continue to grow. all of those things have been picking up the slack for sluggish iphone sales, especially in china. that is going to be a big worry here. bank of america had a good note out on this this morn

thanks. >> deirdre bosa the stock is down 8.6%. as deirdre was talking i was. >> thinking a little bit. >> so what do we make of the quarter karen. especially given the stock was up into the results. >> yeah. so the stock was up sharply into the results. the last two weeks. >> but i mean. there's some stuff not to like here. and google's. >> a big position for me. and you know so this is not delightful. >> but i. >> think some puts and takes i thought the advertising business was fine if. >> you. >> were afraid there, i don't think it was anything to really be afraid of that. >> that capex which you talked about. >> that is a very big. >> change when we still. >> haven't fully gotten our arms around. what is the promise of all of that spend right on the flip. so google cloud was about $250 billion light. on the flip side youtube $250 billion above. so i don't know those two things. even though the same amount of money they don't seem to have the same weight. the cloud is much more of a focus here. so the last 3 or 4 points down, i

and deirdre bosa is watching instacart ahead of its earnings in overtime.mike i'll give it to you first on your thoughts on this trade today. >> you know it's still looking at route like a very messy, somewhat disorderly rotation as opposed to just an all out liquidation. the market has taken on a tremendous. >> amount. >> of high. >> velocity selling in the highest risk, highest momentum, lowest quality stuff, and it's largely been offset, not totally offset by other stuff, boring stuff. the low volatility stocks in the s&p are up 6% year to date, five percentage points better than the index itself. so that much is to the good. the fact that we've been able to kind of not just have it spill, but there is hints of a change of character here. i mean, in the nasdaq today, 70 new, 52 week highs, 350 new lows. there has been a good purge that can be kind of reconciled in a positive way. when you say, look, a lot of the hot money got cooled off. they're chasing, they've sobered up and now we are on better footing. if it didn't come along with that overlay of dou

deirdre bosa.o come, the steel prices spiking to a ten month high as the president announces plans to impose a 25% tariff on imported steel and aluminum. american producers are getting a boost today. but what will it mean for us manufacturers? we'll ask the ceo of zekelman industries about that next. >> techcheck is sponsored by >> techcheck is sponsored by comcast [ car engine revving ] when i started walton goggins goggle glasses, i had no idea what i was doing. but godaddy airo does. using ai to build a logo, website and social content. so i can let the world know, if your goggles ain't goggins, they don't belong on your noggins! fraction of the cost. whether it's fueling meme coin mania or building infrastructure for high frequency trading networks on wall street, developers are choosing the solana network. and now osprey brings you a tradable ticker for solana osol. don't let solana fly by. you can start investing in it right from your brokerage account or ira. osprey funds your trusted guide

yeah, deirdre bosa has more details for us. deirdre, what can you tell us? hey, kelly.en so many of these big. >> shifts in. >> ai over the last few months, but something that's really been building for a few years is that the doomsayer faction of generative ai, they've been increasingly losing ground. >> to the ai. >> optimists, and that was certainly on clear display this week in paris, summed up by vice. president j.d. vance's. >> keynote earlier. >> today. >> when conferences. >> like this convene to discuss a cutting. edge technology. oftentimes i think our response is to be too self-conscious, too risk averse. but never have i. encountered a breakthrough in tech that so clearly caused us to do precisely the opposite. now, our administration, the trump administration, believes. >> that ai will have countless. >> revolutionary applications to restrict its development. now will. >> not only unfairly benefit incumbents. >> in. this space, it. >> would mean paralyzing one of the most promising technologies we have seen in generations. >> now, those comments. being chee

let's bring in deirdre bosa brian if you'll stay with us. deirdre one twist as we talked about amazon is going to charge for this alexa plus 20 bucks a month if you're not a prime member. obviously a lot of people are. and it comes as most of their rivals, most of the big ai firms are cutting prices or making their models free. >> yeah, that's absolutely true. it's kind of been this race to the bottom. so much in ai has been put on sale or made free from openai's three mini model copilot, google's ai coding assistant. these are only some of the things that have been reduced or put on for free over the last few weeks, so you can't help but wonder if that pressure jassy to give a revamped alexa to at least prime members for free. because back in may of last year, our kate rooney reported that in the early stages of planning, they were considering charging even prime members for it. and if you figure there's what, some 200,000 prime members globally, that is a lot of ai for free. that's actually half of open ai users. so that gives them a good h

deirdre bosa breaks it down in today's tech check. one the other day say anytime softbank invests i run away. so there's a couple of layers to this story. i mean there's layers and layers and layers to that. massive bets big on individuals. sometimes that's worked out like jack ma. sometimes it hasn't adam neumann but this whole theme, right. rising capex, this investment, it raises a question that markets are really sorting through as well. how do we understand such a massive investment? and those rising capex numbers from the hyperscalers in this new ai paradigm, where the best performing models are cheaper and they're more efficient? well, think of it as an agi at all costs strategy. mausezahn and open ai's priority is to push the frontier relentlessly. the idea that reaching it first is worth any investment, rather than relying on incremental improvements that deep sea proved can be reached through a process called distillation. so two things are true here ai model building and deployment is more cost effective than ever, and those

deirdre bosa has more for us. deirdre. >> what are you watching? >> so as usual kelly, there is a lot of noise around alphabet. it's all about its ai edge as you correctly said. but these competing themes, especially regulation, threaten to take the focus away from that most important battle overnight a new monopoly probe in china, even if that doesn't amount to much, add it to the list of lawsuits and investigations happening at home and abroad. in europe, google's bigger uphill ai battle. on paper, the company has everything it needs to succeed distribution, cutting edge technology, top tier talent and deep pockets. but ai dominance. it's not just about capability, it's about adoption. and google has always struggled to get people to actually. use its model, even the consumer facing versions of it. as of this morning, deep sea still holds the number one spot in the app store. chatgpt is second. gemini doesn't even break the top ten at number 16. and so the mission this year is simple ceo sundar pichai. he wants half a billion people using gemini

thanks, deirdre. bosa.esident said earlier this hour that elon musk only acts once he's given approval. but many wonder if the ceo has too much influence in washington and over competitors to his own benefit. will he face more public pushback going forward that could constrain his influence? and how much will shareholders put up with for days like today? for more, let's bring in ed mills, washington policy analyst at raymond james. ed, the early line was that musk was the biggest winner from trump's election and that his political pivot, his ownership of twitter, it was all brilliant. it had created hundreds of billions of dollars of wealth for him seemingly overnight. are we playing that in reverse now? >> well. >> when you look at the. >> year to date and kind of. >> election to date. >> impact on elon. >> musk, it's. >> still pretty positive there. >> kelly. >> and you know, when you come to washington dc, what you. >> want the most is power. >> and it is. >> very clear that he has. >> that right now. >>

of course, deirdre bosa has the latest in today's tech check. hi, deirdre., kelly. >> as you said, he just took the stage. i'm listening for that first question. we'll bring you some of those headlines as they roll out. but here's really the point. the softbank openai relationship has become one of the most, if not the most important partnerships in ai. so you can bet that this panel at fii will be well attended and watched. masa and sam altman's strategy positions them as really leaders, pushing the frontier on ai by spending hundreds of billions of dollars through projects. stargate along with partners and investors. their mission is to build the next generation of large language models and reach agi or asi before anyone else. this is a hugely capital intensive strategy, and it's really at odds with another shift in the space called distillation. that deep sea really broke onto the scene. this is the idea that a small team with virtually no resources can make an advance model by essentially extracting knowledge from the larger one. this is what companies a

deirdre bosa.ld is also still buzzing about elon musk's $97 billion offer for openai, while sam altman rejected the bid. my next guest says it was clever. musk was very clever in making this bold move. joining me with more on that and the next big thing in silicon valley. we don't have to talk about softbank is sam lessin, general partner at slowe ventures. sam, it's good to have you here. welcome. >> we can. >> talk about softbank if you want. >> you know i was i was going to tee you up for you know your take on that. but maybe maybe it'll be different this time. >> maybe who knows. i would say that you know in our fund. >> we generally. >> sell when softbank buys. >> let's leave. >> it at that. >> i thought there now people know and they can take that for. but listen backing up for a second, what is the larger message of this fight that elon musk is waging about over openai? >> yeah. look i think. >> elon feels burned. like on personal. >> perspective, i know other. >> very early founders. >> of

deirdre bosa takes a look at the impact that could have on amazon tonight. hi deirdre.ly. >> so the magnificent seven they generate of course substantial portions of their revenue overseas. so when the dollar strengthens as it has those foreign sales translate into fewer us dollars when they report. and we've been seeing that certainly from meta, microsoft and google a few nights ago. it is likely to be a headwind again when amazon reports tonight. but forex headwinds they will impact big tech to varying degrees. so we took a look. here is where each of the mag sevens international revenue exposure stands and how it has changed really over the last year. as you can see apple and meta. we're going to pull up this image for you. apple and meta are most exposed in terms of how much revenue they generate abroad. nearly two thirds for both of them. nvidia is next, with more than half of its revenue derived internationally, but it has also seen the most change in that makeup. last year, it increased its us revenue exposure by 44% over 2023, thanks in large part to export cont

let's bring deirdre bosa into this conversation. lot of different ways that all of these users and developers are still using deep sea. deirdre, what can you tell us and how do you think they're going to react to these threats? well. >> kelly, there. >> are some. >> key nuances here. what ivan's been talking about is very real. >> and. it's very. >> important for users to understand. and i would say it makes concerns. >> around tiktok look like a. >> sideshow, an ai model. >> with unchecked. >> influence over. >> knowledge and decision making. like deep sea. that is a far. >> bigger risk. >> but it. is also. >> critical to understand the key. difference between deep sea, the app and deep. seek. the model. using the app means submitting data to chinese servers with censorship and potential surveillance. using the model outside of china allows for security and freedom. it is open source, meaning anyone can host and modify it independently, keeping data private and removing censorship. the risk isn't deep sea the model itself, it's who

deirdre bosa on lyft angelica peebles on gilead.n with you sort of a kind of a whatever day ahead of cpi in the morning. nothing big from the fed chair today. apple a nice winner and meta going for that what 17 in a row now. >> yeah the market's kind of withholding its true feelings here a little bit. it's very split i looked a minute ago the new york stock exchange up versus down stocks was 1350 against 1350. so volumes light in the index products. if you had to say there's a story aside from what you mentioned with apple and meta picking up the slack, it's that tesla's down 75 billion in market cap on the day, and the rest of the market is managing to counter it and keep the s&p harmless at these levels. i do think the kind of churn has a little bit of a flavor of defense and laggards kind of coming to the fore a bit. nobody's having a real growth panic. but i do think that there's a concern out there that if everyone's eyes are on inflation and tariff effects of inflation, you might take your eye off the ball when it comes to a l

our deirdre bosa has got the details. debo. >> hey mel. so it's really that soft guidance that's taking shares lower in the after hours by about 8%. when i spoke to ceo david risher on the results, he attributed the soft guidance to new pricing pressure. he says that showed up at the end of last year. he said we price competitively and reliably. if someone else takes it down, we will match them. so that has been sort of weighing on their earnings. the after hours declines. that wipes out all of lyft's year. >> to. >> gains and the bump that it just saw yesterday on that announcement that it will roll out mobileye powered robotaxis in 2026. i also asked risher about the impact of waymo, because robotaxis is really the thing that moves these ridesharing stocks. waymo has expanded in san francisco, which is an important market for lyft, but risher says he sees it still as a premium product, so not exactly competitive. the earnings call is ongoing. right now. the cfo is speaking. they haven't got to q&a. but i'll bring you any highlights back

deirdre bosa bringing us that news.xchange i'll join brian sullivan for power lunch right after this break. >> tech check is sponsored by >> tech check is sponsored by comcast b (vo) explore the world the viking way from the quiet comfort of elegant small ships with no children and no casinos. we actually have reinvented ocean voyages, designing all-inclusive experiences for the thinking person. viking - voted world's best by both travel + leisure and condé nast traveler. learn more at viking.com. i know how to make slick-looking goggle-slash-glasses. but i have no idea how to make slick-looking social media stuff. but godaddy airo uses ai to create social content outta thin air, like this one. “walton goggins goggle glasses are great gifts for all guys and gals.” ♪♪ i had the worst dream last night. you were in a car crash and the kids and i were on our own. that's awful, hon. my brother was saying he got life insurance from ethos. and he got $2 million in coverage, all online. life insurance made easy. check your pric

. >> deirdre bosa joins us. she's in. >> san francisco. has more. >> for us. behind this plan. deirdre. >> hey good morning david. so let me give you a few more details. >> investment of half $1 trillion. >> over the next four. >> years. >> pledging 20,000 jobs. >> and that. >> comes less than a week after tim cook met with. >> president trump. now. >> trump was quick to front run the announcement at a press conference. >> last week. >> on friday, saying that apple was going to build here instead because they don't want to pay. >> the tariffs. so really drawing a line there. >> and again today on truth social, the president posting the reason faith in what we are doing, without which they wouldn't be investing. >> $0.10. >> which is where. >> it certainly becomes a little muddy. >> apple has long. >> been touting investment here in the united states. >> here's a press release. >> from. >> 2021 during the biden. >> administration. >> where. apple pledges $430 million. >> in. >> u.s. investments. over five years and exactly 20,000 jobs. >> and then. >> back in 2

. >> let's get to deirdre bosa this morning with some new alerts on the mag seven names morning de. > from reuters. >> on google. >> antitrust issues. >> where. >> there's according. >> to sources. >> says. >> that alphabet's. google is set to be hit with eu. >> charges of infringing on the digital. >> markets act. >> that is the. >> european antitrust regulation. >> dma also says that. antitrust regulators. >> over there are not happy. >> with google's threat to bring back old blue links in search. >> results. >> and that the charges are likely to be sent after dma. >> decisions on. >> apple and meta. this is according. >> to one source. >> the others are, according to. >> several we've reached. >> out to. >> google have not heard back yet, but i will. >> note that we. >> are at session. lows for. alphabet stock. we're down more than 1%. and it's interesting. >> guys. >> because it used to be that some of these antitrust headlines would not. >> hit the stocks that investors didn't think that they represented. >> a real threat. >> that has certainly changed. >> over the last year or s

sikh day was deep sikh day when the headlines said, well, but to be fair, deirdre bosa had the story. before the monday. >> it was the weekend chatter that. >> the weekend chatter caused this to happen. and to kelly's point, anything related to energy and ai and data centers got kneecapped bring those charts back up. let's just keep running the charts. we can guys. constellation, vistra and anglo, they're all sort of well that's akamai. they're all connected to sort of the data center built. akamai is not but the rest are as well. and these stocks are down 910%. >> one stock in the green to kind of keep an eye on amid all this is alibaba. and alibaba is emerging as one of these ai players to watch again the extent to which alibaba deep seek any of these other whether it's in china or here showing that they can continue to innovate at the frontier without the massive stargate investment, let's call it you're seeing that's where the green is showing up on your screen today. alibaba is up 4.5% and up 14% week to date. a lot of the other chinese stocks as well have been perking up a littl

deirdre bosa. >> joins us with more. and we did learn more about how. >> they're going to fund that. deirdre. we did. i'm going to get to that. but that loss you mentioned merely a blip in masayoshi son's next grand ai vision, because really, what's a $2.4 billion loss compared to that half $1 trillion. project stargate, which softbank is spearheading now? i was able to find out a few more financing details. from a source familiar with softbank plans to put in 15 to $20 billion initially of the expected 500 500 billion over the next four years. now the rest will come from a combination of equity from founding partners. so that's openai, oracle, mgm, as well as co-investors, as well as project and debt financing. now, the ambition, of course, is to develop, is to develop next gen ai infrastructure described in this earnings presentation slide overnight as amazon's vision about helping people's lives and solving difficult issues that would otherwise remain unsolved with the power of ai. and then this next slide lays out his

wealth enhancement group ayaka yoshioka and our own deirdre bosa. it's good to have all of you here. deirdre just set it up for us on alphabet. what are we looking for and why is the street getting optimistic? >> so alphabet. >> is such a noisy print, right? because you've got the bread and butter, which is, of course, the core search advertising business. but they're trying to turn this massive ship and really gain credibility in ai. and i mean, all the tools are there. it has the technical talent. it has the technology breakthroughs, it has the distribution, but people just haven't adopted it in the same way as a chatgpt and now even a deep sea. so sundar pichai, the ceo, has said that this year he wants to get 500 million people using gemini, the gemini app, which is its chatbot. so really, this is kind of like a prove it year for google. if you think that ai is the most important race, they have to continue to stay ahead in terms of the technology, but they also have to get users to adopt it. capex is also going to be very interesting, right? in

deirdre bosa is here. for more in tech check. hi, deirdre. hey, kelly.revious tariffs. >> laid the groundwork for deep seek, these additional ones could supercharge progress. >> at huawei. >> which is another. >> chinese company. >> even more central to the ai race because it is developing the foundation of it. that would be chips. this morning, the ft reports that the company has significantly improved the yield or the amount of advanced ai chips it can produce, a near doubling from about a year ago. to put this simply, it means that huawei's production process is more efficient and profitable, and that is key to being able to compete with nvidia in terms of pricing and availability. now, of course, huawei still has a long way to go. nvidia is age 20. they are the industry standard in china, generating an estimated $12 billion in revenue for the company. and they have the benefit of the nvidia ecosystem. but if additional tariffs cut off access to those chips chinese ai companies, they could be forced to turn to huawei's alternative even faster. now, ag

i mean, deirdre bosa talked about it on this network i think on the 24th or whatever of january it hit the weekend. monday, the market panicked, sold everything. maybe you didn't, but the market overall sold everything. a lot of those names have now come back to even higher levels than they were prior to the deep sea news. what have we learned? what have you learned about it? to sort of ease our concerns? yeah. well, i think that what. >> you've seen is that, you know, this is more of an evolutionary than revolutionary model. and as a result, like, you know, i think that this. continues to increase the adoption, but it doesn't mean that the us tech players are going to essentially not continue to spend and fast forward their efforts. and so i think that everybody is going to adopt the deep sea. model and what they've got. >> but then also. >> you know, the two two things that you push on are essentially is compute and the model. and then you're going to see continued build out. and you saw china announce big build outs after the, you know, deep sea got announced. so to me, i think that