dell technologies also getting an analyst upgrade. >> reporter: dell technologies is something we arees of artificial intelligence. the only concern that it has done so well over the last year. trading almost 20 times next year's earnings which is double the level of this year as you are clearly seeing some of the optimism getting priced in but i think we are itting the tip of the iceberg going forward and when you will see that demand for servers, that is where the company will benefit. the other side is pc demand. there tends to be a three-year cycle without so we are about due, the second half of this year is expecting pc demand to pick up, again. we will likely need ai enabled devices and that is the other side of the business that will benefit from artificial intelligence. i still don't think it is too late to get in and it is something you want to hold onto for the long run. >>> dupont, they have just announced they will split three publicly traded companies. there are a number of companies trying to do that. >> i don't think this is going to be as exciting as artificial intelli

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dell technologies and cdw.in hagen) in my simple world, there are only three things that matter in human beings. make amazing happen. first, they have to be kind. kind. second, they have to be honest. and third, they have to be hard-working. it's very simple. wherever you are in the world, when you come to a different culture, you meet people of very different backgrounds, but you find out that they have the same ambitions and the same fears just like yourself. i'm so sure that travel is good for the world. it's really the best to engage with the locals and the destination. and i think travel helps broaden the human mind and makes us kinder. and that's fantastically valuable. >>> for the merging market economies, we have not seen the kind of turmoil that was frequent 20 or 30 years ago and that is because many of them have much better policy frameworks they are navigating this pretty well this time >> that was fed chair jay powell yesterday touting the resill especially of international markets in the face of t

dell technologies and cdw. your record label is taking off. but so is your sound engineer.eed to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back to "fast money." stocks classrooming ahead of tomorrow's big cpi report. the dow jumping 126 points, s&p up half a percent, and the nasdaq closing at a record high, it's first in more than a month. shares of baba dropping 6% after they reported disappointing results this morning. the company reporting profit fell 86% year on year in its most recent quarter. that stock up just 3% this year. home depot also reporting this morning. the company missing revenue expectations as customers delay major home projects due to higher interest rates. but the retailer still reaffirming full year guidance. and on holding jumping more than 18% after reporting strong earnings, notching its best day in more than a year. the company posting a 21% year over year surge in net sales. this is competitor nike continues to struggle, down 15%

ed: i'm ed ludlow, live from dell technology world in las vegas, this is "bloomberg technology." caroline: we will have full coverage from ed as he speaks on nvidia. we will hone in on them to get a preview of what we can expect from their earnings later in the week. the grayscale ceo, leaving the company after three years at the helm. that and so much more. a quick check on the macro as we see record high after record high across the benchmark, the nasdaq, the s&p 500, the dow, all powering higher on the fact that you are still seeing perhaps that geopolitical risk, of course, with a fatal crash happening in iran, not enough to take away the overall focus that is the macro policy of a federal reserve that can potentially cut rates into the second half of the year. that's what the market wants to see coming off of the bond market yields going up one or two basis points with quietness as we have a lot of fed speak to digest. copper at a record high, medical -- metal, gold, copper, a conundrum when it comes to the federal reserve, but record highs in the commodity space. in the wor

dell technologies, off by 6%. it has had a record winning streak up until this day.en near record highs. dell got the earnings after the highs. what will it mean for dell? server demand, many think that it's good news, but it is trading a high valuation moving across to the theme that we have been seeing, satellite to phone service provider ast space mobile added to the recent deal with the company for at&t and as you see, shares have surged so far this month. it is all about the news of 100% coverage coming and the end of dead zones. is it beckoning? joining us is the cto. this is what you are saying, the deal being struck with verizon and at&t, you can offer 100% coverage satellite to mobile in the future. why do you need this spectrum? what does it mean to have these partnerships? >> the spectrum is an essential part of the service. at&t, verizon, they have a premium spectrum across the united states. we need that in order to make it available on everybody's phone. that's where the partnerships make a lot of sense. the plan is to eliminate it with the united state

ed: i'm ed ludlow, live from dell technology world in las vegas, this is "bloomberg technology."will have full coverage from ed as

enterprise both up dell technologies up by 5py.5% both companies getting in essence up tactically overk out what's happening with the data centers companies, the real estate trusts geared towards data centers like digital realty each up fractionally as well there is that ripple effect we'll see whether or not the coat tails are long enough for this to be more than just a days long rally perhaps weeks or quarters depending on the size. >> thank you dominic chu. >>> for more let's bring in senior analyst vijay rickesh, ups his target to 1180 good to have you back. we keep coming back to autos and talked about it with jim and got your attention in the way in which it might become one of their leading verticals, right >> most definitely when you look at ai a lot has been driven by the data center and pretty significant numbers almost 78 billion for calendar 24 we see this as a pretty long-term story. if you look at the data center this year, $95 billion, we see that growing almost $280 billion by 2027, '28, and longer term, that -- almost $500 billion of data center spending annually. this

let's start with one down big, 16% down right now, shares of dell technologies.les driven by data center demand. but its guidance wasn't high enough to power a stock that was up about 120% in the last five or six months or so and 225% over the last 12 months. z scaler has a jump, 125,000 shares of volume they beat quarterly profit and revenue expectations and gave better than expected current quarter forecasts as companies continue to spend more on battling cyber threats up about 16% we'll end with personnel news on the apparel front coming from vf corp., up 7% right now after the parent company of big brands like the north face, timberland, and van's shoes announced that former lululemon product officer has taken over as the global brand president of the product she will start in that role in late july. so some moves there, vf corp., 7% higher. back over to you guys. >> dom, thank you. again, some really big retail movers we've been watching next week we will get more retail earnings as well. let's take a look at what's been happening with the markets quite a tu

hewlett, dell technologies among the business tech companies up as well.al estate investment trust that does data centers you're seeing a lot of premarket bid there. traders and investors watching closely to see how closely that can carry over to the coming weeks and months, whether that nvidia halo can encompass more of these companies speaking of artificial intelligence, another media company has now inked a deal with openai, news corp. up nearly 2, now 5% for the class a voting shares. thinner trading volume so far. this is the parent company of news outlets like dow jones, "wall street journal," barons, new york post, amongst others, it is going to partner with openai to allow access to content from its various news platforms, that can help openai in the development and evolution of the chatgpt generative a.i. model. terms were not disclosed on the deal, but "the wall street journal" did report that the deal could be worth over $250 million over the course of five years. and we'll cap things off with an analyst call getting some attention this morning

when it was originally established, i mean i can't imagine that all of it goes to technology. what dell's did it go for? >> it goes to pay and a lot of the development of the programs we have, working with our industry partners to make sure that airports, for example, have security within the airport that is overseen by tsa but not accomplished by tsa. >> now i'm not going to take much longer on this but i'd like to see you and talk about the possibility of actually changing our model, that the individual airports actually provide the technology that we say they need and that's passed on to the passenger but somehow this passenger fee that we have, also, that diversion, that ends up going to tsa. or at least a portion of it or maybe a portion of it goes back to these airports to provide the -- what they need. but we need to i think explore this a little bit more because i think that these individual airports can probably get their stuff done faster than we can. when they're mandated to do x, y, z by a certain time, they'll do it. the airports generate their own fees and all the fees that

ed: certainly an interesting moment for dell to be back among the biggest names of technology.ry with generative ai has been straightforward. it is nvidia selling high-performance cpus going to data centers operated by a small number of companies. the question is when we move beyond that. that is when dell comes in. dell did well in the pandemic. it is in the next phase of growth where it sells two places nvidia does not. it has established sales channels they never had to worry about. combining forces, that is the question one might pose to them, does it go to something much more broad across enterprise is? sonali: we are starting this segment talking about nvidia earnings. that is a big moment for the market. we have seen big names already take profits in the stock. it raises the question how nvidia will set the bar higher for investors. how is that weighing on the minds of executives today? ed: it is a macrolevel event, frankly. there is a brilliant piece on the terminal this morning about growth on the s&p 500 with and without it. nvidia is a big driver of eps in the quarte

that were priced to perfection, that's what oppenheimer says was the case for marvell technologies and tech names like dellhe 7% sequential increase in data center sales also up 87% year over year, management also calling for bottom cyclical segments, m marvell shares almost 10% lower. i read notes, and wall street still remains bullish on this particular name. that's not the case for mongo db you see shares are down even worse, down, what, 25% right now. the database software maker issued light guidance for the quarter and cut its forecast for the full year due to macro conditions but assured investors they weren't losing share to competitors. don't worry. scott? >> all right thank you so much. >>> still to come, caesar's is surging thanks to a fresh beat from carl icon all those details are just ahead. what it could mean for the rest of the entertainment space, as ll "the bell" is coming back. let's say you want to help your small business thrive. constant contact has helped millions get the word out. with marketing tools to help you create emails, social posts and more. grow your business with constant

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dell, down 20%. thank you so much. coming up, the ai sprint is more of a marathon. we will speak with david jones and how companies can leverage the technologythis is bloomberg. ♪ katie: the stock we are keeping an eye on this money is dell because it is falling at the companies ai service sales failed to impress investors. dell has been writing an ai way that seen the company stock more than triple for the past year. our next guest says the ai game is only in the first inning. there is david jones from brand tech, and ai marketing firm. if we truly are in the first inning, that means that there is the potential for a lot of winners but also a lot of losers. >> absolutely, when you talk about dell, they doubled their ai service sales in their stock plummets 20%. it has much more to do with the fact that the stock is up almost 300% over the last 12 months. what i think it underscores is that all roads lead to nvidia. dell is still a fairly major company but they were very much the poster child of the pre-mobile world. nvidia is very clearly the poster child of the ai world. they have $26 billion of revenue in quarter one. 206 -- 276% growth.

dell really shines. it is been able to come up with a great story putting this technology together.s one of the executives climbed out. jonathan: you have a bunch of reasons to be constructive. where does refresh -- wamsi: servers as a magnitude of opportunities are much larger dollar wise. when you think about storage, they are high in stores with mainframe refreshes. when you think about pcs, the refresh is not about ai's per se that will take longer. we see the echo of the boom of the demand that came up in covid . you had 150 million pc's sold during covid. commercial pc's are coming up for a refresh in that's material. that coupled with the commercial refresh driven by windows 10. those are two big catalyst that can drive pc units higher. lisa: i wish i could go back and when people said the personal commuter -- computer is dead. how do you understand who the winners are going to be in the renaissance of the pc and the losers considering apple has been adapted as quickly? wamsi: when you think about the devices that hold most of the continent information consumers want to use o

dell, an underwater robot looks like a fish. it was developed by mechanical engineering students. this was federal institute of technology zurich during it's dives through about films the surroundings and collects what are called the dna samples. genetic traces from things like excretions that organisms leave behind. the team helps bell will provide them with more information about bio diversity and the health of marine ecosystems. so our idea was to create a platform that actually fits into the system and that gets accepted as part of it . that's why we then develop a fish that has like a fission is also accepted by other read creatures as an official. just under a meter long tail, navigates with the help of a i. the marine robot is propelled by a flexible silicone fen bell moves almost silently and creates very little turbulence. if you look at the way that be probably going into the oceans, the dose of lots. i the amens under water vehicles. um, but they are definitely very disturbing. and they're certainly not made to go into these more delicate environments where we would love to get to the dna from the depths of ou

dell. shares of the computer and enterprise technology solutions company are higher by just about maybe 1.5% helped in part by morgan stanley, keeping its overweight rating, but now calling it a top pick. the target price goes up to $152. it was $128. they think that dell is the best way to play building momentum in artificial intelligence server demand, also data storage, also improving pc market as well. so keep an eye on dell. for more on that, by the way, and other top analyst calls of the day, head over to cnbc.com/pro. subscribers there can get access to more detail and analysis. andrew, i'll send things back over to you. i'll have to have a think, andrew and joe, about what i would do to deal with encampments and disciplinary actions in the future. >> we can discuss that later. dom, thank you for that. >>> latin america's largest fin fintech nubank hitting the 1 million customer mark. they reported record revenue in its latest quarter. joining us is nubank's co-founder and ceo david velez. one reason so many folks in the united states and around the world, in the world of finance, are

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dell world conference in las vegas where he will be joined by the biggest names in tech. that does it for bloomberg markets. this is bloomberg. ♪ announcer: this is bloomberg technology.hyde. ed: ed ludlow in san francisco. caroline: full market coverage. applied materials failed to impress investors.

dell. >> he was at the conference. >> still one of the most important people in business and technology. >> humble.limelight. >> gets reiterated as a buy over we will get hp later in the week as long wsz a slew of specialty retail. >> hp has to tell a very specific story about how the partnership -- it's a partnership of microsoft not just that they are a dumb machine that microsoft has taken over enrique lawyer res has to say we have better ai now, dell has a huge ai franchise. >> jim, when it comes to earnings, we're also getting salesforce, aren't we? >> the stock has been a drag it's just been one way. >> i have a question for you this hub spot. >> the junior salesforce. >> there's been many reports about hub spot being in conversations with google. my understanding is absolutely true, potential deal for alphabet to acquire hub spot my question to you on it, would salesforce have interest in hub spot because there is some sense that it's somewhat competitive with them in a certain area, and perhaps they would be taking a look >> it would be great to have the small and medium-sized business all

dell is uniquely positioned. we believe the customer base is a strong one. if you look at hp, if they get a pick up of computer and laptop spending, that is a forward. replacing technologyhigher rate because you have a.i. shares driving the personal computers and there is a pick up there, we could see revenue growth. i still see a.i. in the early n innings. >> we are talking about the early innings. we have an economic record with the second gdp. the selloff the 1.6%. the second read estimate i is 1.2%. is good news good news? >> i think you will see a reinvesti reversion downward with the data points in march. i think the expectation is it is not bad. we want a slowing economy. if you look at the fed speaker bostic yesterday, it looks q4 or higher for longer. i don't think it will change the narrative. i look at pce on friday as the mover of the week because that one is a huge data point for the fed. it should moderate some. gdp expected to come in lighter. we want to see that slowing. we are in the bad news is good news category for slowing economy and slowing labor. >> last time is bad news is bad news. >> sometimes bad news is bad news. the read through with what is

500 sectors would bear the brunt of price declines: information technology and communication services. ed, do you think that this move in dellt expect the view i had would be validated so quickly. i think it is also salesforce. suddenly there is a recognition that all of the revenues that nvidia is accumulating and is likely to accumulate come from increased capital spending by every other technology company in the world. initially, that is going to be a burden on profitability adn the -- and there's not going to be an immediate payoff in artificial intelligence. jonathan: does that make you bearish on some of the big names across the broader market? ed: i think that it is a healthy development that the markets have started to recognize a more balanced view of what is going on in technology and the economy in general. i think with the market is recognizing is that it won't be straight up in artificial intelligence. it will take a while and it will be expensive. so far, we know that artificial intelligence is artificial. we are not sure if it is that intelligent. it does make a lot of mistakes. there is a lot of work to perfe

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