here with more on what to expect is ed ludlow.talking about the google pixel phones that some people have but most people don't necessarily have. these are not big revenue drivers for google and alphabet. they feel like a rounding error in terms of contribution to bottom line. ed: absolutely. looking at the last four quarters, it doesn't even really register in the roadmap of revenue. the ai story is very simple. consumers around the world are trying to work out how to use ai and manifest itself in the real world. what we are expecting is new generations of hardware, but also for google to tell us how gemini, the large language model that focuses on text and a voice will be used. like basic stuff on the handset. it's been well told by chip companies and academics, the human interaction with the tool is likely to take place on our smart phone because that is what is in our hand for most of the day. scarlet: does this mean that the new pixel phone will be available to consumers before the iphone 16, which is supposed to also be ai c

ed ludlow has more. what does this mean for apple? how big a deal as this? ed: it is a big deal because he is so credited for his leadership as cef -- as cfo. capital discipline, communication on the earnings calls. the messaging from apple is this was succession planning. the sanguine reaction to the sales side shows they do see the consistency the number two who jumps up to cfo brings but they also acknowledge his big shoes to fill. mark gurman makes an interesting point that what apple is doing is saying don't retire senior executives. just step back a bit and stick with us. scarlet: great context for what is happening in the c-suite's at apple. abigail mentioned nvidia. it is due to report tomorrow. it is the last of the mag seven to report. i know that you will be speaking exclusively with the cofounder and ceo. give us an idea of how you plan to approach this conversation. ed:ed: the reality is it all comes down to the data center business. i always go to mod oh on the bloomberg terminal and look at the quarters that have gone and the estimates to be. o

vonnie: let's bring in ed ludlow live, who conduct the exclusive interview. he's in san francisco. ittle perplexed with the after-market reaction in the stock. given how well nvidia has been performing. and then we got some target upgrades today. what do you think is going on with this market digesting this news? ed: yeah, it was really interesting in the moment, because what happened literally was the analyst call ended and the stock continued to slide after hours. and when i poised the first question of the interview, which is we just want to know more about blackwell, he took a sip of his drink and just stopped, just paused, and would go on to saw, you know, i thought i'd explained it so well in the analyst call, which is what just tripped me up in this interview. and that was kind of the case. the top line is that blackwell is next generation a.i. accelerator, for all intents and purposes on track. the lack of granularity on the dollar value of sales made this year, who it's going to, kind of gave the street some pause. but i think we're more sang win this morning than we were l

this is "bloomberg technology," with caroline hyde and ed ludlow. ed: live from new york, this is "bloomberg technology." the nasdaq 100 plunges into correction territory as the rotation from big tech continues. plus, we break down the results from amazon and apple. intel shares falling by the most since 1982 as the company offers a grim forecast and slashes thousands of jobs. the picture is severe this friday. the focus is the technology sector. this is the nasdaq 100 over the course of the week. we are on track for a fourth-straight week of declines, matching the run we saw in april of this year. we have entered a technical correction on the nasdaq. at the moment about 80 names, fewer than 20 in the green -- 80 names in the red, fewer than 20 in the green. we are going to go into the earnings story with amazon and apple and later a detailed look at intel. yes, that is a 28% decline. about 15,000 jobs will go. they basically have admitted that they were slow to respond to their reality that their market is not going well from a topline perspective.

paul: that was the nvidia ceo speaking to ed ludlow. let's dig in deeper to results, our analyst joins us. telling them a beat there, so i disappointing forecast from nvidia, or was it extremely high and expectations from the market? robert: i think it is more the latter. it is a slight mismatch between expectations and reality. fundamental is nothing to change, there is execution risk on blackwell because ramping that up from low-volume to high-volume is a trivial task, so i think there is residual risk and people need to bear that in mind when they are looking at the outlook into next year. the numbers themselves, beat slightly, the guidance was slightly above the midrange of work consensus was, the market was pricing in and expecting more of that. so it is a mismatch of expectations, which is why you get profit taking. avril: not quite the blowout that analysts and investors have been accustomed to when it comes to nvidia. when you look at some of these rather ups, that came up when he spoke to us. do you think it will be april to of

, power allied in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is "bloomberg technology." chips in focus as applied materials disappoints on its forecast. texas instruments scores cash from the chips act. ed: epic games launches a new mobile storefront after years of legal wrangling with apple and google. caroline: is a bidding war brewing for paramount? let's check in on the markets. it is a good week if you are on the markets. and nasdaq 100 having its best week on the year since november, up almost 5%. that is 1.3 trillion dollars being added to the overall benchmark, a significant sigh of relief from the volatility of last week. consumer data showing sentiment is on the up, counteracting that housing data on the day. what are you looking at? ed: i'm going to applied materials. a company that makes the machines that makes the chips, down 3%. they were really high expectations and its forecast for the current period where the market wants to see all of this investment around ai in particular

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco this is bloomberg technology. google is in the crosshairs. washington is thinking about breaking up the search giant after the landmark antitrust win. ed: big tech, nvidia and bitcoin in focus as 13f filings head. caroline: earnings seasons continue as cisco cuts costs and jobs in a shift to ai. ed: let us get right to alphabet. shares are down the .5% after a slow start. within two standard deviations. the headline reporting is that doj officials and attorneys are assessing a bid to break up the search giant. there are many other options being discussed and actions that can be taken. we are going in later to talk about the pixel event, the hardware gain from google. is that a part of the story? not really clear. it is a bid -- big headline where the nuance is important. caroline: yesterday the department of justice, from what we were understanding, they are considering a bid to break up google violent -- following the land park ruling t

power collide, in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. >> live from new york and san francisco, this is bloomberg technology. it is m&a monday. it is to fight back against nvidia in the data systems space. ed: general motors/as jobs. caroline: fubo continues to surge after rivals are blocked from launching the venue sports service. we managed to climb the wall of worry. all eyes on jackson hole at the end of the week. what is interesting is stocks rebound, bonds rebound, money moves into gold after significant concern about the u.s. economy in the last couple of weeks. that climbing back is not happening for the world of crypto. august showing a pretty dire month for the asset. this is more about actual supply-side. this is about crypto that has been taken away from certain wallets and gets confiscated. what are you watching on the micro side? ed: let's get right to the amd deal in m&a. acquiring server makers et. the best-performing stock on the philadelphia semiconductor index. it was a pretty slow start with that news breaking this mo

where innovation, money, and power collide, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is bloomberg technology. nvidia pays the price of lofty expectations. ceo jensen huang tries to boost confidence. ed: the telegram ceo is charged and now on bail in france over crimes committed on the aft. we go live to paris. caroline: a controversial ai safety bill that heads to the california state senate. that and more, but first we check in on the key name we are all watching today -- nvidia. the $3 trillion company not living up to the hype in terms of forecasts. it is not dragging down the rest of the indexes. ed: market up, nvidia down. i caught up with ceo jensen wong -- -- huang after the results. jensen: we are expecting more supply through q1. i think our supply condition going into next year will be a large improvement over this last year. ed: a reporter from bloomberg intelligence joins us now in san francisco. you said it. nvidia -- strong. expectations -- stronger. what is your thesis this morning? >> they set unrea

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco this is bloomberg technology. today all eyes are on nvidia. markets are on hold as investors are anxiously awaiting the crucial earnings report. ed: the ai earnings parade continues with salesforce and crowdstrike results also after the closing bell. >> a critical 24 hours for telegram, the ceos for day detention ends as a french judges pondering pressing charges. but first let's check in on the markets. we are under pressure down by 3/10 of 1% on the s&p 500 off by 9/10 of a percentage point on the nasdaq 100 why is that. it's because the market weightings of one particular company which is about 6% for the s&p 500 and about 8% for the nasdaq 100. >> we will hit nvidia hard. some news about super micro computer's as well. the three day chart. the stock is down 24% on track for its biggest drop at one point in session low they just drop since 2018. they are delaying the find and you're seeing financial disclosures when he four hours afte

this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york this is bloomberg technology. nvidia beating microsoft in market capitalization. we talked turnaround efforts as peloton pushes for profitability. apple's app store reorg. the executive shake amid a regulator scrutiny. let's check in on these markets because we are tussling ahead of the all-important speech from jay powell. we are all eyes on what is happening in jackson hole tomorrow. down on the nasdaq 100 more broadly. this as we see a tug-of-war who who will be the most valuable companies, apple still reigned supreme. let's move onto the some of the individual movers. we are seeing companies on the move paid however we are seeing a 27% move on its current quarter they just reported fiscal fourth-quarter coming in better than expected. going to delve into it with the key analyst a little bit. we are up more than 11% higher. sales forecast beating analyst expectations. the cfo announcing her retirement. the departure isn't a result of any disagreements t

jason wong spoke to ed ludlow. quick swim meet the change. all over the world today. we shall people, given twisted people of the bible systems we have up and running. you can find pictures of blackwell systems all over the web. we have started buying production, buying production will ship in q4. q4 we will have billions of dollars of blackwell revenues and we will ramp from there. the demand for blackwell far exceeds its apply in the beginning because the demand is so great. but we are going to have lots and lots of supply and we will be able to wrap starting in q4. we have billions of dollars of revenue and we will ramp from there into q1, q2 and through next year. we will have a great next year as well. >> what is the demand for accelerated computing beyond the height and scale of matter? >> hyper scales represent about 45% of our total data center businesses. we have hyper scales, we have internet service providers, we have suffered ai, we have industries, enterprises, it is fairly diversified. outside of hyper scalars, the other 55%. th

power collide, in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: live from new york in san francisco this is bloom ber technology. benchmarks in big weeks for markets. investors await economic data and a fed powell speech out of jackson hole. ed: the latest on why wal-mart's $3.6 billion sale has put e commerce companies under pressure. caroline: an all electric s.u.v. and taking a $1.9 billion charge to switch strategies again. all to come. first check in on these markets. economic data we are currently die jesting the revisions the jobs data. yes, they are more than 800,000. not enough to really change the dynamic move of the markets. still holding on to wanes of a .1%. come off the highs still managing to cling on to an upcycle. interestingly a rebounding chinese tech names as well. i shine a light on the nasdaq golden dragon. yesterday under pressure, today still individual names we'll shine a light on. just talk us through what you are watching. ed: overnight a lot of pressure on hong kong listed tech shares. why? wal-mart made $3.6

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. carolyn: this is bloomberg technology. coming up, full market coverage with tech back on performing as traders brace for a big week of eco-data. ed: we preview elon musk's interview with former president donald trump. carolyn: and we continue our earnings coverage with the ceo of expedia. first, let's check in on that outperformance of tech. i go away for a couple of weeks and then nothing happens. we have managed to claw back most of the losses last week. up .7% on the nasdaq. we have so much to anticipate. cpi, the all important read for this weekend. ed: we left on friday with an element of payroll payment in the end, the nasdaq closed up a 10th of a percent but that's not a week of. had it fallen, you would have had five weeks of declines, the restaurant going back to may 2022. it was a bit of a storm throughout the week with volatility. let's get more on the markets with isabel lee. we can start looking at last week, asking about what happened, we can look forward to this week,

ed ludlow sitting down for an exclusive conversation at 6:30 p.m. eastern time. rd to the conversation later. what is the leading question for you and the team? ed: there is only one question, which is when does what is happening beyond hyper scalars? the story around nvidia's basic that they make a high-performance gpu or aix and the reader and all the investment and the capital expenditure we have discussed is concentrated in just five names, which is the biggest cloud providers plus meta. for all the big picture forecasts and the debate about how enduring this investment cycle is, there comes a point where you have to ask, when is there going to be more than that? the small and medium-sized enterprises, governments. because it is hard to see the long-term demand but in the short-term there is no sign that the demand is fading. lisa: no, which is why it seems people are prepared for a potentially a $300 million -- $300 billion surge. i wonder if we have a sense from him about what the next phase is. we were just speaking with angelo zino, talking about the poten

ed ludlow sat down with jen-hsun huang in an exclusive conversation. e. ed: i think jen-hsun huang was frustrated about that. at the beginning he literally just stops and cannot believe the decline because he felt during the call they had explained the situation of next-generation product quite clearly. but i think that is the main tank, you know, that he tried to hit the market over the head with the idea that they made a commitment to bring a new chip to market every year and black elk, the minute focus of the street, is going fine. will ramp in the fiscal fourth-quarter. supplies improving and it is just a few words, but he said next year, as in the fiscal year will be a great year. i think that has a lot of people, this morning in the markets. lisa: there is also a question about the broadening out in potential buyer base. and whether that can change. what did he have to say about that in terms of state act airs, as well as others? ed: i tried, lisa. i really tried. i really did not get more than we already knew. the hyperscalers are 45% of the data

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ed: live from san francisco this is bloomberg technology. full market coverage as stocks stage a tuesday turnaround after $6.5 trillion was white from markets monday. we sit down with the cto of palantir. the u.s. rules google illegally monopolized the search market through exclusive deals. it's a bit of a sigh of relief on tuesday. call it a turnaround, this is what financial markets look like. notable gains on the nasdaq 100. chip stocks recovering after it was technology that led to the selling in equity markets on monday. volatility around growth concerns and economic data and then bitcoin is interesting as well. 56,000 dollars per token. let's move over to the single names. earnings are a big part of the story at the moment. two in particular we are looking at. uber at almost 8%, strong on the bottom line. we get to that in just a moment. coming up the cto of palantir updated outlook for revenue and profit. ai demand from commercial and government customers. a really interesting

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: live from new york and san francisco, this is bloomberg technology. telegram ceo pavel durov is detained in france on a child protection failures. ed: spacex to the rescue. elon musk's company will bring two stranded astronauts home from the iss after boeing's cap copa holdings. caroline: and the apple event is set for september 10. we will discuss. let's check in on the mood music that sam a little bit when it comes to risk assets. basically wiping out all of last week's gains. more broadly we are seeing the benchmarks down in terms of s&p and technology stocks. money moving into small caps, worry about geopolitical tensions, trying to digest what we saw last week from jay powell. ed: some of that pressure coming from nvidia, obsession lows, but it's a week where earnings after are the single biggest market catalyst. the reason i say that, on several occasions in recent weeks, nvidia have been responsible for a percentage point move in either direction on the s&p 500 on

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlowcaroline: live from new york and san francisco, bloomberg technology. tech stocks are on a roll for another gain as powell says it's time for more rate cuts. ed: harris backing america and ai with the space race, reaction from chicago. caroline: openai opposition, scott weiner joins us as industry leaders push back against his proposed ai legislation. first, checking in on the markets, it's all about fed chair powell and an increase with the nasdaq coming off of the highs of earlier trading, showing that there is a rebound or hope for these rate cuts to kick in in september but we saw, turning our eye to french companies here in the pound overall, the fact that crypto has been on the higher side. what are you watching on the micro basis? ed: nvidia, we talked about how their earnings will be a macrolevel event. and we will talk a bit more about the markets, right? on the heels of the highly anticipated powell statement. caroline: it certainly was, we were all thinking about what it mea

power collide in silicon valley and beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is "bloomberg technology." change at apple as the cfo steps back and they promote from within. we have the details on the new finance chief. ed: mark zuckerberg says the government pressured facebook to censor covid posts during pandemic and he regrets giving in. caroline: and the kelce brothers win big after taylor swift bumps the audience. that and so much more, but first let's check on the markets. we are being whipsawed by one name in focus ahead of nvidia earnings, the nasdaq 100 is currently up .5%. the two-year yield, there is an auction. 10 year yields have been moving some. in the moment -- at the moment we are in a holding pattern before the key macro mode -- movement tomorrow. bitcoin, ramping up over the weekend, 61,008 hundred is where we currently trade. what are you watching on the micro? ed: apple, higher, had been lower, on the news over the cfo. we will get more on that in a little bit. jd.com, 5 billion dollars s

ed ludlow here in new york. big tech earnings in focus this week.eta posting better-than-expected quarterly results with no investments in ai. attention turning to apple, amazon, both reporting after the closing bell. let's stick with the equity storage the nasdaq pulling back after a monster rally led by nvidia on wednesday. the stock reporting its biggest advance in over five months. here is the bit -- adding a record $329 billion to its market cap, destroying the single day record that it had previously already owned. there is a lot to talk about. let's keep the conversation going. debbie fish is a portfolio manager. let's start with nvidia. we say it is a moment in market history. it broke its own record. it is one of the bigger positions you hold. when you see the red headline on the bloomberg terminal, how does that make you think? >> i think nvidia has been a remarkable stock for the last year and a half. that has primarily been because of the financial performance. the revenues we have seen with its ai chips, gp use, is like nothing we have

power clyde in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is "bloomberg technology." intel is working on a plan b. the bloomberg exclusive on bankers eyeing a potential sale of the foundry division and more cost cuts. ed: elon musk's battle with brazil deepens, threatening social platform x and spacex's starlink business. caroline: tech fights to end the week strong. we have a key cio on the show. let's just dwell on these markets for a moment. we end the month as we started it, on the downside. we had a brutal syllabus on august, and -- brutal sell off to start august. we are trying to make some power higher on this friday, and we have certain things to thank for that. more broadly this is a week we are fixated on one name alone, nvidia. he did not live up to some of the hypo. ed, what are you watching on the micro data? ed: you can never quite get the news flow. intel is up at this point the most since october 2023. the most since october or late 2022. there is a detailed note from bloo

ed: and i'm ed ludlow in san francisco. i want to show -- share a chart.e last hour major indices went the other direction, but what is so interesting is the nasdaq 100 and been on track for a ninth-straight day of gains. the eight days through monday night session, with the biggest jump over an eight-day period going back to 2022. you know we are talking about treading water to jackson hole on friday or nvidia's earnings, there is a bit of momentum right now in technology shares, and i find the nasdaq to be a great index to track, even the mega cap presence, but also the software names. there is one specific name i'm looking at, palo alto networks. intraday on track for its best since february. if it closes at this a percent gain, a strong outlook particularly on the bottom line, boosting the share buyback. this is a company that warned us -- warned us in february that some of the cyber spending one of america's leading cyber names was sluggish. that doesn't seem to be the case at this time. let's get into it. caroline: the perfect person to, nikesh arora

ed ludlow in san francisco. caroline: i'm caroline hyde in new york. check on these markets. four-straight days of gains. we are managing to see, once again, a bit of a risk-on attitude to the market after last week's turmoil. but bond markets getting a it as well. 2-year yields off by about six basis points. why's that? the ppi print. inflationary data is giving us the comfort that inflation is being tamed. does that mean for cpi print tomorrow? what does it mean for the economic reactions we are seeing? weaving onto the individual movers for a moment. on the micro side of things we are looking at nvidia on the high side. all eyes on earnings, but we are seeing a by the depth moment. broadcom up more than 3%. we are seeing some filings come out. looking at tesla, we are up more than 4%. some fighting talk coming from the overall association that focuses in on the united workers for automobiles, saying we don't like what was said between trump and musk yesterday on that spaces. but we are seeing tesla getting a bid. maybe republicans are going to be bu

ed ludlow in san francisco. i want to show you a chart that maybe you didn't know you needed.s normalized performance going back to 1999 with nvidia going in one direction in this session and monster beverage corps going the other direction. the point being that nvidia has once again overtaken monster as the best performing stock on the s&p 500 this century. which is an important data point but i'd also say this courtesy of dan curtis of terminal data editor that think about the c.e.o. of nvidia. he has a 3.5% stake in nvidia. he could buy all of monster beverage corps and every single share and still have enough money left over to go out and buy another chip company or even if he wanted, lululemon. some size and scope of inriddia. how it's overtaken some of the wildest stock stories we've ever seen, one of which was monster beverage. let's turn back to the earnings story. klaviyo reported earners. c.e.o. founder and c.e.o. joins us now for more. my goodness, look at your stock, up 27.25%. 35% growth on pretty decent customer growth where would you like to start? this is best

jonathan: ed ludlow sitting down with nvidia later on this evening. do not miss that conversation.astern time. given the shift in the market, we have gone to small caps regional banks, away from big tech. does this make the market more insulated from nvidia tomorrow afternoon? lisa: we were playing with that idea with matt stucky. considering how much that has led all of the gains so far this year on the s&p 500, that would be a risk off move so that is the question i have. how vulnerable is the whole healthy rotation, the whole soft landing of anna we have been experiencing? how vulnerable is that to nvidia coming out with a negative print? i don't know what the answer is but considering significant of a weighting it is, it is something that could potentially be a real significant catalyst especially given the treating we see right now. jonathan: this tees up this question, and my answer, i sense from the guests we have had so far they would rather take 230 on jobless claims at a twin basis point cut instead of pronounced weakness in the labor market in the next few weeks and this

ludlow. caroline: live from new york and san francisco, this is bloomberg technology. coming up, tech winners and losers. the latest earnings and investor moves. will they sell out before the selloff? ed: in the tesla analyst who almost crashed using fst is back with another review of the tech. caroline: defense in focus. a massive fund raise for and a real. we speak with the chair and vc becker about the whopping $14 million valuation. but first, let's check in on these markets. we are having a strong day. good news is good news again. jobless claims showing a strong u.s. economy. we might not factor in the rate cuts coming up hard and fast, that there still could be room to cut for the federal reserve. we are up 8% on the nasdaq 100. the bond market is pricing in what seems to be a more resilient economy. a 12 basis point move on the bond market. there is still movement into the tech stocks. everybody watching the micro. ed: a lot to cram in. earnings is part of the story. cisco is higher. job cuts confirmed. but a strong outlook for sales and a pivot to the cloud, cybersecurity, and of course artificial intelligence. later in the show, we will get deeper analysis in-house with bloo