american gpu technology. and they are looking for- american gpu technology.to train hypersonic missiles and | that can be used to train. hypersonic missiles and run simulations— hypersonic missiles and run simulations of— hypersonic missiles and run simulations of how - hypersonic missiles and run simulations of how they. hypersonic missiles and runj simulations of how they can deliver— simulations of how they can deliver nuclear— simulations of how they can deliver nuclear weapons - simulations of how they can deliver nuclear weapons ori simulations of how they can l deliver nuclear weapons or it can be — deliver nuclear weapons or it can be used _ deliver nuclear weapons or it can be used for— deliver nuclear weapons or it can be used for more - deliver nuclear weapons or it - can be used for more commercial applications— can be used for more commercial applications such _ can be used for more commercial applications such as _ can be used for more commercial applications such as large - applications such as large ianguage _ applications such as large langua

with using technology is moving up the stack away from just gpu's.e: when we first on the show which is all about ai search there some other key players. of complexity, a thing of google getting its act together. what else are you trying to add into the business models so you're not sort of crunched here. richard: people can still use you.com as google replacements was not quite a pivot but will be realized is when you really want to look for a better experience it's hard when people make very simple queries. when you ask how old is obama or what is the weather tomorrow, it's hard to be 10 at better than google on those types of queries. when you see that is when companies start using you.com to be more productive for account executives to get a company brief and hence have the ai agent that writes that brief for her or him. that's where we've seen 10 x improvements and that's where we're seeing a lot of customer traction with big companies and small start relying on you.com so we are leaning into that enterprise space in that productivity engine. ed

now, these are specifically made for al, and because they are smaller than gpus, it means you can fitns that these chips can do some limited al on your phone. and that's why we've started to hear phone manufacturers hyping up their apple intelligence, samsung advanced intelligence, and enhanced personal assistants like siri and google's gemini, that can have more natural conversations with us. how can i embarrass my sister during a wedding toast, but, like, respectfully? ok, here's the deal... new honour phones will understand the contents of your messages and open the best app to assist in whatever you've received. if it's an address, for example, it'll open maps. this samsung phone can now take your handwritten notes, summarise them and make them into lists. ihr telefon kann in echtzeit ubersetzen. phone: your phone can translate in real time. i and, infact, google's new pixel phones will listen to your phone calls and summarise them for you in text form after you hang up. one of the most recognisably ai things you can do these days is mess around with your photos. so if you want so

at the heart of max, a supercharged gpu empowers it to learn and adapt.nergy is changing the world. aes is changing the world of solar. (♪♪) >>> time for the final trade dan nathan >> yeah, google. >> steve >> walmart >> baba. ho ho ho >> they must have said one-word chances. >> now we have all this time >> do we >> thank you for watching "fast money. see youi mean they must have sa one-word answers >> quick now we have all of this time thanks for watching "fast money. see you back here tomorrow "mad money" with jim cramer starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. my friends, i'm trying to make you money. my job is not just to entertain but educate and sweet. call me at

at the heart of max, a supercharged gpu empowers it to learn and adapt.y is changing the world. aes is changing the world of solar. (♪♪) sonali: from

these are the guys who are investing in today 100,000 gpu or xpu clusters.s time, they're headed towards a million. >> you're part of the plumbing of every part. >> we are engaged everywhere. >> that's why your stock i think is way too cheap. i have to say full disclosure, my club has a big position in it. why? because you're hock tan and we know what that means. it means you are good for what you promised, always. >> thaunk you for saying that. >> it's true. that's hock tan, president and ceo. thank you, hock. good to see you. we're back after the break. >>> coming up, this sector has been making investors proud. can this cosmetics player innovate a beautiful solution? stick with cramer. power e*trade's easy to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley >> university of maryland global campus is a school for real life, one that values the successes you've already achieved. earn up to 90 unde

a supercharged gpu with juiced up ram and faster rendering.d offers more gameplay at 60 frames per second. for the tech aficionado those are great selling points. see how it compares to a standards ps5 with games i already own. ray tracing offers amazing reflection in shadows and crisp distance shots. the last of us part two was more detailed you can see further into the games environment. i played on 4k even 8k tv's and you need that to see any difference at all. to the experienced gamer or the average person it would be hard to tell the difference. no doubt these are top high fidelity vivid graphics. but they kind of already were on the ps5 and even the ps4 for some titles criticize the consul is interesting. there's more power packed in but it's not much difference to the ps5. gamers, could you tell the difference? ed: a lot of fun. micron is set to release earnings after the closing bell, here with what to expect on a serious and important technology story, bloomberg's ian king. micron is important. it has a central role in the ai story wh

gpus dot com forward slash alludes. meeting children teenagers and their parents will be recognised with awards from the charity well child. of course there's still no sign of his wife meghan has travelled alone to london from their home in the celebrity on claims of california. it might this visits been opportunity for her to reconcile with his estranged brother william. what about his dad the king well we can only hope will there be a right royal re union right away and see. my moving on the race to succeed she sooner because the leader of the conservative party is heating up with two of those still in the running. tom to enhance and can be better off taking questions from party members earlier today and also from christoper political as a big group on stage by him. that's a moral with turn off their rivals for the top job james connolly and generally. less going north of birmingham and speak to the manager those creations chris hope no political editor who is joined by the four member the european parliament mild sto

he's tight with justin wong, that helps when you need to secure gpus.s also tight with elon musk keeping its edge could prove difficult for ellison and oracle xai is going to build its own data centers for the next et ration, and its valuation, this is not long ear cheap under the radar ai play. the multiple is closer to those of the hyperscalers now, which have more diversified platforms. it's even quite a bit above alphabet look at the performance versus microsoft and amazon since chatgbt launched in november of '22. it surprised a lot of people oracle has outperformed microsoft and neck and neck with amazon, which is the number one cloud player so oracle might be a legacy name or an under the radar play, but it's burst into the open with this latest set of earnings. >> there's some parlor games about who should be beyond the mag seven, which would be the eighth stock some people suggest it would be broadcom, some think it's oracle broadcom's market cap saturday 680 billion, oracle is $430 billion. so it's punching above what used to be its weight and

and the water to cool these gpu chips is freshwater.ly the same reserves used for drinking water. >> these are basically customer deployments where they are running critical infrastructure and applications. paul: he runs the data centers in silicon valley for a company which operates 260 of the nearly 11,000 centers worldwide. the company leases space to firms like at&t and google cloud to run servers that power their cloud and ai operations. and they are expanding. this is where ai-like processors would gulp? >> correct. this is a high density employment liquid cool. we are taking the building chilled water, it comes into here, each one of these goes to an actual chip on a customer server. paul: these are nozzles? >> correct. there is an ancillary tube that connects to the server, it cools the chip, the hot air comes back, get schooled, and that is how we are able to provide liquid cooling for these higher density ai tech deployments. paul: this silicon valley complex alone features 345,000 square feet of servers. thousands of them, op

there is evidence that it is broad, not just gpu's. there is evidence in the forecast in sales.t does that tell you? how are you adjusting your model? ayako: with the memory side of things, they are going through an inventory cycle. it has been softer over the last two years, so now you are starting to see recovery on the nan side and you are seeing this growth vehicle with high-bandwidth memory. not only are you seeing it impact micron, but research is a maker of a lot of the equipment, so you are seeing that potential growth in 2025 and that could continue beyond 2025 as well. ed: the markets got that trifecta this morning. economic data, central-bank noise and earnings. right now for the technology investor, how do you portion your focus to each of those? ayako: with technology, we have to take a very long term view. at least that is what we do at wealth enhancement group. tech is going to be a part of every investor's portfolio, but you balance it out with some of the more cyclical areas of the market in which we can see strength in the overall economy. those areas that are

the master's degree of prim gpu, which is called a school theater teacher, not a director, not a circlenot a school director, but a school theater teacher, and this is a new profession that arises at the junction of a teacher. psychology and theater. another important part of the work of the commonwealth is the live stage festival. the big city competition of school theaters. last year , 508 teams applied for participation. there are two categories. the first is the favorable waist. it is suitable for studios that are not yet ready to present their productions to the jury. the second category is school melpomenna. this is a full-fledged competition in three nominations. musical performance, and performance in a foreign language, the best teams of the last season, in addition to grants and prizes, received the opportunity to go to the big stages of moscow, this is puss in boots from the sounds of music studio, the opera took first place place in the nomination musical performance, children sing on the stage of the theater of young actors, here everything is real. professional equipment,

at the heart of max, a supercharged gpu empowers it to learn and adapt.ar energy is changing the world. aes is changing the world of solar. (♪♪) scarlet: this is bloomberg markets. it is time for our stock of the hour. we want to bring in abigail doolittle for a look at uber. abigail: it is a big stock story and i should say stocks of the day because it is not just uber responding well. we have shares of alphabet climbing. uber heading to the best day in a month. alphabet off of its highs, up 1.4%. alphabet had been on pace for the best day in two months. having to do with the uber waymo deal. an expansion of their partnership they established last year. this deal is an exclusive offering with -- where the uber app will be used for waymo vehicles. the electric vehicles in atlanta, georgia and austin, texas. austin is interesting because of elon musk's presence. it seems they are trying to have a foot stop. uber will not only manage the technology of the app but it will manage services such as cleaning and repairing these vehicles. there planning on the fl

time to recognize that if you have cpus in your datacenter, you got to rip them all out and put in gpus>> it was not just talking about nvidia, but it was also saying that, what does this actually mean is the implication for the likes of intel, which obviously has made its way to the datacenter, not to mention, of course, computers. >> exactly there's a lot of knuckle heads, david, who come in early in the morning and take nvidia up for no reason. it was up at $118.15 today and i want to know what those people do and why don't they just go back to sleep? >> the action yesterday was interesting, though, in that, jim, those comments, we had them, we featured them they didn't seem to resonate in some way >> at the time >> for quite some period of time, yeah and i wonder whether really we are attributing properly the fact or just who knows what it really was most likely as anything but who knows? >> i like mike santoli's explanation. >> which was >> which was that rates started going up and that people actually liked that now, because they're worried about a recession. now, we could also ar

the largest share when it comes to designing in lieu of the gpu's.ors announce a new investor which is likely to be openai? if the upside from full-year, which we think they will, the anxiety.right caroline: strong -- caroline: right now the revenue growth is strong. how committed is this ai spend? kunjan: if you look at their connectivity, both of these markets have just started their beginning ramp. both have forecasted to grow significantly for the next three to five years. broadcom being the dominant in both areas, we expect these sources of revenue for broadcom to continue. at this point broadcom is like a conglomerate. it has a lot of legacy semiconductor businesses and software businesses. ed: we used to talk about broadcom in the context of smartphones, naming the apple. i will go to apple park on monday. what are they doing? kunjan: it is relevant, sizable. we don't expect high-growth catalysts. their business has been sticky with apple. they increase their margins slowly every year. there might be small content gains. nothing sexy. still a

at the heart of max, a supercharged gpu empowers it to learn and adapt.rgy is changing the world. aes is changing the world of solar. (♪♪) >>> johnson & johnson has filed a third bankruptcy case to settle the mass lawsuits linking the talc to cancer. it's known as the texas two-step. they move the law into the affiliates designed to file for chapter 11. it could resolve in bankruptcy court without jeopardizing the valuable business assets. a settlement like that would cover all claimants and those who acquire cancer in the future. the strategy is expected to face challenges. the last time it was deemed too healthy to qualify for bankruptcy protection. this case was filed in texas. >> you know how long this has been. >> it has been going on for years. >> years. i do use a lot of baby powder. that's tmi. all the way back when englewood cliffs and i talked to faber. never. >> it's at least 15 years ago. >> i was using corn starch back then. i wouldn't go near anything with talc in it because of the chemical structure. that's when johnson & johnson had said.

entity was like about to surrender metaphorically, and now he's so strong he can drop bumps of gbu 28, gpu. 37, gbu 57, all american made started from 2000 pounds till 1200 pound against the civilians until he was his goal was to reach may god have peace on him. all right, thanks, and now we will see that he was... go, i'm so sorry, uh, mariam, uh, azad chair, let me get you back in on, let me see, is mariam side ready now, mary, you ready, okay, i'm going to cross over to beirot, crossing over to beirot, talking to our correspondent on the ground there in beirot, mariam, sale, mariam, go ahead please, yes, well we have been on the ground on the... battlefield from day one of the al flood operation and hazbullah stance of support, of course this is path that goes a long way, it's not, it did not just start on the 8th of october 2023, this is very long path, and hazbullah secretary general was the main throne of the crown of this, and as they mentioned the statement of hazballah, he was the jewel of the hazbillah of the resistance leaders at. today we recall his words as we are heartbroken

at the heart of max, a supercharged gpu empowers it to learn and adapt. the world of solar. (♪♪) >>> good monday morning. welcome to another hour of "squawk on the street." i'm sara eisen with carl quintanilla and david faber, ha live as always from post nine of the stock exchange. stocks are bouncing back a little bit. nasdaq under pressure half a percent. energy the top performing sector after a long streak of under performance month to date, year-to-date, it's only up 3%. financials, materials and industrials and health care are all higher today, but it's technology that's lagging and so that's what's dragging on the overall index. apple is certainly hurting the major average as it's a big weight. amazon, tesla, weaker at the open. microsoft is bucking the trend. take a look at treasuries as we kick off a big week, midweek we get the fed meeting. the 10-year yield firmer 3.6%, but the two-year yield continues to move south 3.572%. the odds of a 50 basis points cut have increased. 30 minutes into the trading session. three big movers we're watching. app

>> outside data centers we moved from gpu club says to one million., you've seen a five times improvement in performance. roadblocks are good places to invest in tech. these were big themes around ai. tom: huge capex spending will continue even as those questions become more common? how fundamental is that? >> it is fundamental. divergence between r.o.i., we must invest regardless of returns, risk of underinvestment is greater. that introduces risk. you get digestion and in the future the market or ceos are saying continue to invest. strong move up in the problem is not demand, it is supply. blackwell was a big concern and also supplies. tom: visibility through 2025. >> navy. -- maybe. tom: the energy component is crucial. how are you thinking about the grid upgrade? >> it is a global phenomenon, not just the u.s.. if you look at data you are having problems in taiwan, you cooling stations. that is interesting. the u.s. is adding to its grid. in the u.s., under invested utilities infrastructure make it problematic so reassuring is prompting a rebuilt

it does not use and the boss in the, for the same objective like the previous gpu $28.00. and this is an indication that these really wanted to confirm the kid and wanted to make sure nobody's going to go to be allies because the bombs were launch with the fraction of the day, which allowed the volume to reach the bunk on the ground and bring down all the pretty days with it and we're talking about 4 to 6, maybe the that is a set her bombs of this kind of a use against one. so i'll get it me. that was a very i valuable, targeted as these really believe it was. okay, elijah, is me speak to you, we do have an update. now of this coming to us from the voice as news agency that has bought a century general has done the throttle a is alive. this is the voice as news agencies, citing a soul as close to as by law. that sector general as on us ra, a is alive. now, this is important because all we have had from the v is rainy statement is that this was a precision strike. that's how they've described it, but they didn't mention specifically who was been targeted. we have had severa

charles: the race inside of ai and large model area and meta coming on strong and bought like 160,000 gpushe race and could that be a legitimate competitor to nvidia. >> how a meta, am zahn, apple, all the big hyper-scalers were coming with their own proprietary chips and meta is doing that and they're in a different space. they're not with azure and aws and with gcp ask data server space. they're over in the social media area andtrends in the past and building out of the internet and using smart phone and going on and on and own ago pc and ai has got to be contributing to charles: thank you, dan. appreciate your expertise. folks, in case you miss #-d t i was on with sean hannity last night. here's a clip. >> biden came into office, not only did he have a vaccine, also the best balance sheet in the history of america. that's what biden harris inherited. maybe she could fix the border and inflation since she created the problem, but admit dr. frankenstein didn't know how to com his own monster and we're in a jobs crisis and cutting rating by 50 basis points and indicated to the american pub

stop eating israely, stop giving arms and fighter jets like f35 and f18s and and bombardments, huge gpu of bombardments agabinese citizens who are civilians and who are who have had enough of israel since 1978. and even before since 1948 in, if you know the village in lebanon, they have done a massacre by the gangsters of alhagana back then, they were students like begin and sharon and vengorian, those were committing the massacers inside lebanon, lebanese territories, back then the state of lebanon was not like today defending the islamic resistance or standing with withbullah against israel, we had... different system, it was a marinite, archical, you know, or hierarchy, it was controlled by one man, one show, the president of lebanon back then, now no, we have hasan nasarlah, sayid hasan nasarlah, he is the leader of islamic resistance, we have the government of lebanon, we have the lebanese army headed by maronite general whom we highly respect, but we need to cohesively combine our efforts in order to show strength. and power between all the lebanese to stand, very forcefully again

fighter jets attacked lebanon in about for about 200 raids and they are they dropped. more than 2,200 gpu, 2000 pound weight against lebanon, they played the biggest card they have, they still continuing attacking the civilians, i think now it's our turn to go back against them eye by eye, tooth by tooth, and because they started attacking the civilians and we have civilians, in israel there is no civilians. most of the people in israel, even the settlers are armed to the bone, but doctor, if we start attacking civilians or settlers, against civilians, exactly, this is a question, if the resistance does indeed start attacking uh citizens or excuse me settlers in the israeli entity won't be we be in this case be playing by their rules, this is what they want to drag us into it, they want to to have more killen against us, they want us to... be unnoble in our war, we still very noble in our war, we are only attacking the military and the the intelligence bases and centers. and even we hit only in tel aviv, we hit uh the uh musad headquarters by ourqader one, now hizbullah is moving from one

these advanced chips are -- the gp use for ai can be used for variety of things -- gpus for ai can bey of things. does that mean that you get access to the ip as funder? we want data centers built in the u.s.. however they get funded, as long as there are boundaries, i think it's perfectly fine. caroline: i followed up by asking if there is any more regulation of ai in general needed. >> it is about national security but also about competition. we want to lead the world in ai. and we are and we want it to stay that way. we don't want to create constraints on that. however, we recognize un -constrained ai could be used in a very negative way. we want to channel that in the right direction. ed: sticking to hardware and ai, meta unveiled new models of its headset and connect and its augmented reality glasses called orion. i sat down with the meta cfo and how they plan to expand on it. >> we have the next two products in development based on the technology we built for orion. we think that this is proof of how exciting the future is going to be as these technologies become consumer ready.

>> gpu made a historic moment for ai in the data center. unit created an important moment, what intel has been leasing. one difference between nvidia's data center, intel, the number of competitors we see. we see many competitors on the pc market. what intel is up against as they defend their territory. stuart: is that the story, intel will have a hard time making it with these new chips and that's why stock is down 6%? >> until will have its work cut out for them. a the has always been a strong x 86 competitor rendering with qualcomm, a lot of competitors coming on the market in the next six months. stuart: intel may be coming out of your dow 30? expect that? >> until will come out of the dow 30 because of a weakness in the data center, they used to own the cbo market. amd has eaten their lunch on cpus, then you have nvidia's strength. until needs to focus on one or two segments. we away from intel as a stock because they are in so many segments. stuart: the news is grim i intel but thanks for joining us. always appreciate you being here.

mandeep: the whole ecosystem, we know the market is undersupplied when it comes to nvidia gpu's.age models get used. right now everything if apple on the phone, that's a big deal. suddenly your inferencing goes down. i would argue in the nvidia under situation gets resolved to an extent because you can run ai on your phone and it's free. you don't have to pay as much for your copilots or chatbots because you are doing it on the phone. it's a big deal for apple if they can showcase that. lisa: this does not come cheap for apple and we've seen how much nvidia has been it would increase their margins by how much they are charging and how much openai is being valued at based on the potential investment. can apple afford to keep the price is much level? mandeep: absolutely. you're paying upfront for the phone. so you're paying your 1000 or $1200 but you can use it for five years, you can use it the way you want, it's all free as opposed to using a copilot subscription or chatgpt subscription. lisa: a lot of people are looking for apple to increase pricing for that iphone simply becaus

in that period of time, the focus on high performance computing specifically with our nvidia gpu's becausehey were more powerful to allow for high performance computing, which is more robust than simple crypto mining and so is that took off and we saw the advent of chatgpt 3.5 and then four, we started building our clusters with stronger networking and computing capabilities to fuel the inference and training required for ai models and so now we are at this horizon where nvidia is announcing blackwell and chatgpt is consistent releasing new and more powerful models in the world is tuned into this exciting new world of generative ai and adoption is occurring slowly but surely at the enterprise level and i think day today people are using accessible ai tools to fuel growth and creativity, which i think is phenomenal. our investors under appreciating that shift you are making? >> we are under appreciated now but the stock being down is a macro reflection of bitcoin price and as a company that has a dual focus we still are under just 1% of the global bitcoin mining network with almost four a d

ultimately so that universities can access gpu and compute.l feeling that necessity or have you just given up and gone to the private sector here? fei-fei: i actually believe it even more so now that i am traversing both the private and public sectors that have seen the access to compute, support in the private sector. i believe that none of us would be here in the private sector without the public sector, you know? image net, combinational image network, transformers, many of these seminal works in ai came from the public sector first. so, i think that this ecosystem is so critical in missing the imbalance of any component, which can be harmful for the ecosystem. now i have personal experience to see our access to resources and it makes me believe even more that our country needs to invest in our public sector, academia, and a moonshot mentality in order to support students, faculty, and researchers. caroline: academics backing you, as well as other radical ventures, many others, celebrities and that mix as well . thank you so much, world fab

. >> what happened was first it was gpu quiet, nvidia is the master of molding there business, for computers and then became we are making bitcoin mining chips. chat gpt came out and nvidia said we are in ai company and we will capitalize on that and they came out two years ago, they continued to invest in that and these large-cap companies can't get enough if nvidia. david: it is important, it goes to $12. what about those of us who have been sitting on the sidelines if it goes below hundred is it still a deal at 100? >> we were at 140 in june and july trading 130 so if you're and nvidia investor in any large-cap tech in this market you have to be comfortable with the fact you have to weather the storm. averaging down is zooming out on the s&p, average down every correction which historically we have multiple corrections of 5% or more every year. david: what was making me mad is $280 billion in the chips act, you look at the hits the whole chip industry has taken you think where did that money go? biden/harris sold it to prop up the chips industry, look at intel, intel lost 60% in a year. k

ai startups are meeting cloud computing space that really was the factor behind increase in revenue, gpu processors all these ai companies need and the cloud space. we will continue to benefit from this ai push. it is a place you could look to have some exposure if you don't want to add to the names like nvidia. david: are you going to do any post election reshuffling of portfolio or other people, very different economic policies from these candidates. david: you want to see if there is gridlock, is there is a sweep, it is a wait and see for now tonight. david: space x launched a paul harris don crew into orbit. we will have more on that right after a break. investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you

caroline: every day i -- ed: every day i think about high band width, gpu, ethernet, areas of the marketerappreciated in that supply chain. what areas do you feel like are underappreciated or misunderstood? adam: there's a long answer to that, but overall it's been this emphasis on ships. -- chips. these are data centers, supercomputers. blackwell has seven different ships they designed. it's a full system, a full stack solution with software. the algorithms and the libraries that are really important to make this work. within that, you mentioned high bandwidth memory. without it, that's crucial to making this evolution of ai happen. there are a lot of interconnects that are super important in terms of networking. ethernet is important. there are other interconnects, like a sterile labs back in march. optical as well. a ton of things make this happen. people need to be thinking about it not on a chip by chip basis, but on a systems level. ed: great to have you here, adam. coming up, the state of the vendor economy even as the tiktok future in the united states is up in the air. this is "

potentially, customers could go to amb, which has a small gpu business.vidia's chips, which are more undersupplied than any other chips. question is, how is nvidia deciding who the customers are that should be getting the allocation? let's say that make 20 million ships in a year, how are those getting distributed? i think that is where the question comes into play. c nvidia ask them to overbuy those chips? nothing is clear, but because the market is so undersupplied, the question is natural, how is nvidia working with its customers that is concentrated? >> there has been nvidia's note strategy -- can you explain what that entails? >> nvidia clearly has the i.t. when it comes to the gpu's, and they have a software layer that everyone talks about, how it makes their cluster better than some competitors. now they are trying to move up the stack with the large model. they have been doing things way ahead of competition. that is why others are lagging. because they have been at least 12 to 24 months ahead in this market. that shows up, even though they guided

investors in the gpus are still getting benefit of the doubt here.hat's been added to oracle. up to 470 billion. go back to the beginning of the year. ad adobe, amd and oracle, up. market's think age ways to play the a.i. trade keep shifting. right noworacle's corner. >> perhaps diversifying. nvidia to hyperscalers thinking i don't think wall street appreciated the role oracle was trying to play within the buildout of a.i. dat data centers and the relationship jensen long himself. >> yeah. it is remarkable stuff. even an analyst admitting he missed most of the move and upgraded is getting traction on that call today. >> true. >> seema, thanks so much. >>> scott, give us your read right now as the setup of the market is heading into this fed meeting. seems as if investors are willing to give benefit of the doubt, a soft landing is in hand. what do you think? >> i think a soft landing is definitely priced in. not seeing recession. i think the market and the financial media spinning a lot of time, spending time on a 50 or 25 basis point cut. i think you

tom: it's not just the hardware's, the gpu's, and ai.and want to lock customers into that ecosystem. what is nvidia saying in response to this probe and is there a wider read across in the markets? kriti: they are cooperating with the probe, of course. i think they would push back on some of the allegations, no surprise there. this is something that boj often does with big tech companies. even though we saw a 9.5% drop in the stock yesterday, some would argue this is not reflective or a reaction to the probe simply because historically we have the ftc, doj, name your regulatory kind of supervisory authority, and that tries to probe big tech, it usually does not affect the stock. there's a president that goes back to the 1990's when microsoft out with one of the very first antitrust cases against big tech back in the 90's and the stock would drop at every single legal kind of standpoint and legal hurdle. investors would kind of trade it around but then see right through it because legal proceedings would last anywhere from three years or

at the heart of max, a supercharged gpu empowers it to learn and adapt.nergy is changing the world. aes is changing the world of solar. (♪♪) >>> crude oil continues to hold above 70 ticking higher today. concerns about hurricane francine and the impact on production in the gulf. about 12% of crude production remains off line in the gulf of mexico. and about 16% of natural gas output. dow is up almost 90 points. next hour don't miss an exclusive with chevron's chief mike wirth, that stock negative on the year. on the year. stay with us “outdoor adventures" you. stylish. powerful. sophisticated. because when you. merced, you'd expect nothing less. mercedes-benz suvs, featuring the gle plug-in hybrid and the all new glc plug-in hybrid. visit mbusa.com for special offers on select suv models. i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep

nvidia is selling gpus being used in server farms. amd is having an acquisition where it's buying up thousands of engineers that will help it sell its server chips into server environments. that's probably what they're going to be tasked to do is to make sure amd has the best data center, you know, cpu that they can have. and where is intel? >> you've been following the chip business for a couple of decades, so when you see -- there's a sense that the ai bubble is bursting a little bit. just over the weekend, more reports about whether co-pilot is all of that effective. is that starting to affect the demand we could potentially see, whether it's for an arm you like for nvidia. the shares are down today and i wonder if there's this reset, we stockpiled a ton of these chips, but what's going to happen now for the next couple of years? >> i think you have a good point. we don't really know. we're crying before we're hurt is what we're doing as investors. we didn't know how much chips were going to be used, and we still don't know how man

its psychal and comments around cap ex will tell us something about ai and gpu demand.ure business. it's a crucial part. and put it is in competition, though at a much smaller scale, with amazon and microsoft azure. that infrastructure revenue increased 42% for its order. so this is really a unit that has been growing very, very quickly. also keep in mind that oracle cloud growth is taking place this week. we could get more announcements. >> one of the many conferences to keep track of. the average leverage to a lot of big. picture trends, but the other parts of the business, is any of that seen as being potentially in the cross hairs of ai solutions? >> that's good question. the debate over what is generative ai going to make obs obsolete. the conversation around salesforce as well. oracle, as this ai adjacent has been able to bake into its offerings, that's undetermined. i would look to oracle world happening this week for more evidence that it's going to be useful. some of these applications that are not in cloud infrastructure, they are going to be useful in the age

. >> large-scale data centers use gpu's that are enormously heat-producing, and the water to cool thesehips is fresh water, so it's often coming from the same reserves that are used for drinking water. >> these are basically customer deployments, where they are running critical infrastructure in their applications. >> bill strong the data centers in silicon valley for an operator of 260 of the nearly 11,000 centers that operate worldwide. the company leases space to firms like at&t, google cloud, to run servers that power their cloud and ai operations, and they are expanding. this is where ai-like processors would go? >> correct. this is a high density deployment. we are taking the building's water. it comes into here. each of these goes into a chip on a customer's server. >> these are nozzles? >> correct. cools the chip, the hot air comes back, ties into our chilled water system, gets cooled, and that is how we are able to provide liquid cooling for these higher density ai-type deployments. >> this silicon valley complex alone features 345,000 square feet of servers. thousands of them

at the heart of max, a supercharged gpu empowers it to learn and adapt. energy is changing the world. aes is changing the world of solar. (♪♪) tober 11th. aes is changing the world of solar. we're doing a live trading event in aventura, florida. at this incredible event, my team and i will be demonstrating the smart money trading strategies that have made us famous. if you're serious about trading, you don't want to miss this unique opportunity to trade shoulder to shoulder with the pros. it's limited to just 100 people, so make sure you grab your tickets now. call 888-809-8058 to reserve your seat. that's 888-809-8058. why choose a mobile network built for places you'll probably never be... ...instead of for where you are most of the time? xfinity mobile was designed for where you need it most. xfinity internet customers, ask how to get a free 5g phone and a second unlimited line free for a year. >>> checking in on stocks about an hour into trading s&p holding on to gains, 0.4% higher and that is every sector that is green right now except for informatio

he said for every dollar that google, amazon, oracle, microsoft spends on nvidia gpu, they can turn aroundnd rent that out for $5. so there's enormous amount of profitability for all these companies right now and we're still in my opinion in the very early stages and one company that's just been a rocket ship that is one of the favorite companies that i've seen in my entire career is palentire, they just got added to s&p 500. they're the software that talks to all these companies' systems. it's hard to put your arms around all the capabilities that palentire has because they were funded by the cia in 2003 and have been mostly a defense contractor, software providerrer so we won't know everything about them because it is classified but when we talk about these complicated data problems, the term is large language models. so it's great to have -- to build up all this infrastructure with microsoft, with google, with amazon on their cloud for these companies be but without software to i'm e implement it e not going to be able to put it to use the way you thought you would or you would like to

at the heart of max, a supercharged gpu empowers it to learn and adapt.ar energy is changing the world. aes is changing the world of solar. (♪♪) ed: it is time now for talking tech. americans are less supportive of a possible tiktok band and they were 18 months, according to a new pew research survey. just 32% of adults support a ban. tiktok. bytedance is raising as much as six hundred million dollars for his car information and trading platform, according to sources. the fundraising round values the platform close to $3 billion. telegram ceo defended the encrypted messaging app in his first public comments since being arrested in paris last month. he acknowledged "going pains" from a rapid expansion, and promised to tackle criminal abuse. take caroline: a look at these markets and anticipate what we are discussing next. broadcom, i mean, slumping on the back of its numbers. they were pretty strong in ai, but the forecast disappointed. the nasdaq off 5.6% over the last five trading days. the worst week since november 2022. this is "bloomberg technology."

enormous success of nvidia and the shift of business away from cpus where intel specializes towards gpusso as they are spending tens of billions of dollars to stand up manufacturing capability to satisfy that demand for chips, their revenue is suffering on the other side at the same time. pat also here at the beginning of this week said they are trying to keep manufacturing together even though they are structuring from a governance perspective. the foundry business as a subsidiary within intel. i can tell you a couple years ago when i held a gathering of some ceos who know pretty well, both flew in and they wanted to talk to each other on the side during that gathering. thaps part of the reason why they were there. and qualcomm is one of the big potential customers for foundry. so they have a need to diversify their sourcing in chips, whether that is part of what would be attractive on top of the other ip intel. >> maybe they have been speaking. i appreciate it. thank you. you can catch john in overtime in about 20 minutes. i'm sure he will have more insight into this breaking story. "t

that likely has to do with higher upfront costs and developing these models like the need for gpus.lly in venture capital, are willing to look past those lower margin it is top line is growing at 1,000 plus percent. revenue growth also helps valuations look more reasonable. the information reported that anthropic is in talks to raise another round at a $30 to $40 billion valuation. at the upper end of that range with a billion dollar in sales, it would put its multiple actually lower than it was nine months ago. similar story for openai, which is closing in on a round that would value it at $150 billion. now, that would be less than doub double, but mow mentum from bot of those darlings is likely to help them continue to raise capital at ever-higher valuations, especially when the multiple looks this way. it's sort of a trick like we have seen from nvidia. now, a look a little deeper into anthropic's numbers, and some of the risks become a little clearer, as well. third party atis expected to make up 60% to 75% of total sales. that refers to the interfaces that allow external develo

nvidia just started gpu and it was like booming. i said, okay, i believe in semiconductors because my background, i'm electrical engineer. >> oh, you are, wow. >> you know what all this internet boom and iphone boom happening, so semiconductor is the way to go, but i'm just learning training. so i was using the company who has the least amount of dollar value. so if i lose money, it is okay. and since i was believing in semiconductor, okay, you know what, even though something goes wrong, i can hold that company. and that's how -- >> it was a 50 cent -- you paid 50 cents, i think, for the stock. >> yeah. the split, yeah. >> even more impressive to me than buying at 50 cents -- do you still basically expose the entire position today? >> so, i did sold something like 10% couple of weeks ago. but beside that, i'm planning to hold it. >> you brought your beautiful family here. >> thank you. >> did they ever say -- this is now 10 for 1 split. it's up to 1,000. when it was 200, 300, when were they saying, you know, mom, maybe sell? >> the

lam a ma three used 16,000 gpus, this is going to use 10 times as much, and just the computing powerbe absolutely mind-boggling. how because this change the landscape in the sort of llm market? if. >> that is a great question, charles. i think people should be talking more about meta lama. it basically is a competitor against chatgpt. they open source their large language molds so that tens of thousands of developers can develop applications on that model, every variation of that model. her a chatgpt competitor, and whoever can get there first and be the lhm in the most applications -- llm is the winner. so look for meta to the push forward and try to beat chatgpt as a large language model in a majority of applications. california charles i've got 30 seconds, it's not a market music per se, but i did want to get your thoughts. so meta platforms intends to kiss close deals with actors judi dench, john cena, kristin bell, they're going to be the voice of the meta if a.i. chatbots. users will be able to select from a list of five celebrities, and could this be sort of like the nil for c

terms of memory content, and that's really driving the upside in the marke- charles: you've got the gpushich is your, of course, nvidia, and now, obvious, what gets micron into the game but also gets their competitors into the game. it's just another revelation that this thing is growing at a breakneck speed and why you want to be a part of it. i've got to get your thoughts on meta. i was combing through your holdings, i don't know you -- i don't think you own meta, but they're trying to be a player, right? this new llm board seems huge. they bought 160,000 gp if us, they're getting great advanced, you know, talk about this. they want to be a real player. do you think they will be? >> so, yes, charles, 100%. they already have a first leg up on the a.i. side on the model side. their providing an open source model that everybody can benefit from, so they're a really strong player on the a.i. side. we've tried to focus more on small caps and mid caps. that's where we can usually generate the most alpha, and full disclosures, we do known micron and we don't own meta. charles: you do own why

front, oracle is still spending big on chips. 42 additional cloud gpu contracts signed in the quarter for a total of $3 billion. and i just also want to point out the chart, i found it really interesting. oracle shares have outperformed microsoft since chatgpt was released in november 2022. i'm going to jump back on this call, but again, managed to hold onto these gains after outlining guidance and we'll get to analyst questions, hopefully soon. mel? >> all right, thank you. so, what do you make of oracle here? that chart against microsoft, that's an interesting one. >> i think it's really impressive to see. some of the numbers coming out, when you're seeing that in infrastructure cloud growth. they have been so much cheaper than a lot of the other a.i. plays out there. so, the big question, have we already priced it in, kind of that next tier, who is starting to benefit. i think a big question i want to see them with, they have a very large debt position currently. and the question is, with all this growth, is that going to incur a lot of additional capital expenditure? so, what is t

business has been challenged by the shift in attention away from cpus which intel specializes in, more to gpus being used in a.i. for accelerators. we'll see what intel further has to say about this and more when pat gelsinger joins us, broadcasts exclusive. for now intel stock moving higher on the additional up to $3 billion from the federal government under the chips act for the secure enclave program. >> obviously i think the concern here is for the military, that they're not reliant on chips from china and that kind of thing. last hour, our guest was buying intel shares buthe wanted to hear the company say we're not trying to be number one. we're happy to be in a niche and area of demand especially from the u.s., perhaps from the government, that can be steady and consistent, and that that would be enough for shareholders at this point. >> intel's got a long climb to be number one either in chip design where nvidia clearly on the a.i. side is far ahead of everyone else, and then on the manufacturing side where tsmc is really the leading foundry to the world and has been for quite a while.