is this chip from intel a game changer either for intel or the sector? >> i don't think so.his is the third iteration of this chip. and when you think about where nvidia is getting all this business, it's not through for the most part the oems that were mentioned by intel when they talked about where the chip was going to get sold, rather, you've had nvidia tell you -- tell us that 50% of their businesses, class service providers, they've mentioned before, the social media is a major end market. all those buyers are buying through odms for the most part. i would suggest that 80% plus of nvidia's business is those large-type customers that intel doesn't have yet. >> right. it feels more about intel than nvidia, matt. wonder if you think that pat gelsinger is trying to bite off too much, trying to create a foundry business essentially from scratch and also trying to keep up with some of the other big players in ai at this point. can he do it all? >> i think it's really hard to do it all. now, having said that, for intel i think the most important piece to get right is the fab

intel is off session lows. and just a moment, ian king will give us the numbers and then we will speak to the intel ceo. microsoft and alphabet are all about cloud growth driven by ai products. microsoft, 31% topline growth on azure. we will go deeper on that later in the show. clearly, alphabet is outperforming. if a jump in that stock. a dividend for the first time. it joins the $2 trillion market cap club if it closes at that level. joining names like microsoft, apple, nvidia. that is important. we are starting to believe that there was growth at alphabet and google driven by all the investment around ai. that is later in the program, but we start with semi conductors. caroline: let's dig in on all things intel. ian king was discussing with the business. this seems to be a worry about forecasts. q1 was pretty resilient, the forecast, tepid. >> you are absolutely right. the issue that investors had was with the forecast that pat and his team put out and that was considerably lighter than the consensus. that w

struggling and we will find out what tonight means for intel what tonight means for intel and stacy is here next tamra, izzy, and emma... they respond to emails with phone calls... and they don't 'circle back', they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety-clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy, and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> let's call your attention to the market because if you skipped out for a few hours because he woke up and 9:30 comes eastern time in the market opens and it goes down and the dow is down and, guess what things have come around and i won't say today is a good day the

intel is playing a key role in this process but is not clear to me that intel is going to do it also well. the business could be a big money loser for years to come. i have seen difficulties in semiconductor manufacturing. the ceo made a very promotional appearance on our network a few years ago. then on wednesday he revealed that the division he was promoting had racked up operating losses of nearly $7 billion in 2023. now, along comes stacy racked cough at bernstein and he decided to tell it the way it is. first of all, the goal posts keep moving. the margin goals were booted from 2026 to 2030. hence the title of the piece, intel, see you in 2030. then he lowers the boom on this incredible singer. why do they do this to themselves? he goes on, intel story over the last several years has been one that has dashed expectations from outlandishly bullish targets to keep products, leading to eventual abject collapse. holy cow. that is an incredible ending. it took 10 years to get intel into its current position, so how could it take any less time to fix it? i have been very critical of t

intel is interesting among chipmakers.s products, largely cpus that go into personal computers. also cpus, gp used for data centers. at the same time, it wants to have a foundry business. in other words, a contract manufacturing business where it builds semiconductors for others, much like tsmc. the reality is if i took you around the world where intel has a facility and showed you what they are making, they are not making anything for third parties just yet. just for themselves. they are stuck in this moment where neither part of the business is where we promised it should be. sonali: if you see the stock reaction, clearly intel's management has not portrayed its story to investors that could signal when the turnaround would be. what do investors need to hear from them at this point? ed: it is basically name dropping customers and showing evidence they show up in the financials. on the foundry side at least. you heard the sound bite from pat gelsinger. he said we will see progress every quarter through the end of the deca

. >>> coming up, all the intel out of intel. the chip maker updating investors on the newfoundry business. >>> plus, calvin decline. pvh plummeting despite an earnings beat. how it is leading the whole space lower. don't go anywhere. more "fast money" in two. >>> this is "fast money" with melissa lee right here on cnbc. (grandpa) i'm the richest guy in the world. (man 1) i have time to give. (man 2) i have people i can count on. (grandma) and a million stories to share. (vo) the key to being rich is knowing what counts. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire not all caitlin clarks are the same. caitlin clark. city planner. matching your job description. just like not all internet providers are the same. don't settle. you want fast. get fast. you want reliable. get reliable. you want powerful. get powerful. get real deal speed, reliability and pow

intel would be one of the beneficiaries.blem is how many other customers are going to sign on with intel. so they can actually be the second largest foundry in the world by 2030. >> let's not forget intel is an american company. that's why this is so important because the existing foundries that are out there, they're located in asia. so, there's so much skepts schism about this whole plan when pat gelsinger came back and first announced it. the fact that they're moving toward actually breaking it out, talking about years in advance something. >> the valuation reflects that, though. you said they wanted to say maybe they were undervalued when i look at the current price to earnings ratio -- >> still a little high. >> near nvidia. >> especially for 2024 numbers, 2025. really quickly, pat gelsinger i spoke to him on a call a few weeks ago, he said we lost our manufacturing here in the united states over three decades to asia, specifically tsmc. it will not happen three to five years. we mentioned this chips act funding, 3 bill

makes me think not intel, dell.pen and have been happening, good execution there. >> steve. >> sofi trading back above its 50 day and in after hours it's above its 100. >> thanks for >>> 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 . i'm just trying to make you a little money. my job not just to entertain but to teach you. call me, 1-800-743-cnbc or tweet me at jim cramer. if you took your cue from the action i

let's talk about intel. this company used to be the world's dominant chipmaker and has had a tough couple of quarters. what are they doing to turn things around? >> intel is a company that as you said used to the dominate global chip manufacturing and could always be counted on to have the most cutting edge chips when it comes to servers and laptops and other devices. over the years, they have fallen away from being the leader. their technology has not advanced. their capacity for building the worst -- world's best, they ceded that leadership to the likes of tsmc in taiwan. in the area of ai chips, the 800 pound gorilla is nvidia. you have seen nvidia just run circles around intel. in terms of being thought of as a leader in the chipmaking space , because of its ability to make accelerators that are used to power the ai revolution. paul: senior tech editor tom giles. we will dig a little deeper into the u.s. tech earnings shortly but we want to get to one of the big other macro events in the asia-pacific, th

explain the shift in timeline intel disclosed last night.an: there was not a shock for those who were studying it closely but it was arguably a reminder that this is an extremely expensive turnaround. you could argue gale senior was upfront about things and people really should have been paying attention. some of them weren't. if you're casual investor, if you have other options why would you be investing in nvidia, qualcomm, tsmc? what intel did was remind people they are on a tough road and they still have a ways to go. ed: the stock is down 620%, intel. they have a new cfo. ian: a new cfo for their foundry division. the main cfo is still there. ed: got it. caroline: ian taking us around the world with the chip industry today. coming up, we are going back to disney's proxy battle with trian 's nelson peltz. today's the day we get the shareholder meeting. we will discuss it next with one key share herbert -- key shareholder ross gerber. this is "bloomberg technology." ♪ how am i going to find a doctor when i'm hallucinating? what about zocd

well, microchip maker intel is at the center of the latest high-tech race between the u.s. china. cbs's jo ling kent got exclusive access to intel's state-of-the-art facility for tonight's "in depth" report. >> reporter: this is the new front line in the global chip war. >> here we go. >> reporter: intel is one of the biggest chipmakers in the world. inside this organ fabrication plant, yellow light protects the millions of chips or semiconductors that powered nearly all of the tech that we use. inside each one of those boxes, 25 silicon wafers, they travel around this factory, running about 200 miles over 3-6 months, going through thousands of steps before they are officially a semiconductor. ceo pat gelsinger says intel is accelerating production to satisfy massive demand. >> every aspect of human existence is dependent more and more on what we do with semiconductors. >> reporter: is a matter of national security, too. for example, if china were to ever invade taiwan and block chips made on the island, the global financial impact could be more than $1 trillion. that puts

let's go. >> reporter: intel is one of the biggest chipmakers in the world.de this oregon fabrication plant, yellow light protects the millions of chips, or semiconductors, that power nearly all of the tech that we use. inside each one of those boxes, 25 silicon wafers. they travel around this factory, running about 200 miles over 3 to 6 months, going through thousands of steps before they are officially a semiconductor. ceo pat gelsinger says intel is accelerating production to satisfy massive demand. >> every aspect of human existence is depending more and more on what we do with semiconductors. >> reporter: it's a matter of national security, too. for example, if china were to ever invade taiwan and block chips made on the island, the global financial impact could be more than $1 trillion. that puts intel under tremendous pressure, especially after the biden administration awarded the company $8.5 billion from the chips act to build more fabrication plants and upgrade others. why should a taxpayer believe that this is actually going to happen? >> if you sh

intel has hit a loss.sclosed how much it makes in sales on its own. >>> shares of paramount global are rising. "the new york times" says paramount is considering exclusive talks with skydance, the media company lead by david ellison. >>> the cyber review board is placing the blame on most over the hack of top officials' emails last year. in a new report the company calling the breach preventible. >>> trump media's co-founders are suing. >>> and shares of cal maine foods third quarter beat an ana analysis. >>> this morning we get the latest adp employment numbers and services nonmanufacturing figures. we're watching earnings from levi strauss. and the big event of the day is disney's annual shareholder meeting kicking off this afternoon. and fed chair speeches including from jerome powell. >>> raphael bostic will be coming up on "squawk box" at 8:30 a.m. eastern time. >>> and as markets continue to face fresh turbulence, a pair of interviews you won't want to miss when steve cohen joins "squawk box" at 8:15

our friend are the intel community. i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from ohio is recognized. mr. turner: in conclusion, as we look at this debate and this bill which is about spying on foreigners abroad, hezbollah, hamas, the chinese communist party, giving them constitutional protections is unprecedented. there's no court that has ever done it. there's been no bill that has passed this house that gives constitutional protections to foreigners abroad. americans' constitutional rights are preserved in the constitution. this amendment undermines our security by giving americans constitutional rights here in the united states to foreign adversaries. vote no on the biggs amendment. vote no on this amendment. the speaker pro tempore: the gentleman yields back. the gentleman from texas is recognized. mr. roy: this amendment is about reporting requirements. on the point of the warrant, after the rampant abuses by the federal government, it's clear we should have a warrant requirement u

kristina partsinevelos on intel. at shares of charter that company reporting earnings this follows the report from our parent company yesterday that was not well received by the marketplace. in particular as well, comments from comcast cfo jason armstrong yesterday in terms of the environment for the broadband. broadband is the key business for comcast and charter as well, although wireless becoming a more important business and they did add what were in line essentially with whatanalysts had been expecting, some i think 480,000 mobile subscribers 75,000 broadband subscribers were lost during the quarter again kind of more or less in line with video, continues to erode. 405,000 subscribers. as an overall percentage of the number of customers they had that was larger than 389,000 at comcast and points to overall a shrinking, continuing to shrink world for the cable ecosystem. some of that being made up by the virtual mpds youtube which has 8 million. on the cast call chris winfrey ceo of charter said he would not prov

a new division at the company dubbed intel foundry recorded an operating loss of $7 million in 2023, more than the $5.2 billion it posted the previous year. sales fell short at the unit with $18.9 billion recorded in 2023 down from $27.5 billion the previous year. women's college basketball has a new tv ratings record. monday's highly anticipated rematch between the lsu tigers and iowa hawkeyes drew over 12 million viewers. that makes of the most watched college basket ballgame in the history of the network. it tops the viewers for last year's nba finals and baseballs world series. caitlin clark lead the way for the hawkeyes with a dominating 41 point performance on the way to an iowa win. that's your bloomberg brief. >> next, adp payrolls data ahead of friday's management. >> we are probably going to see a slower growth rate in the job market. we are in a soft landing but the overall trend is going in the right direction. that's the strongest argument for buying extended duration. >> the data up next. ♪ harlem has everything. but i couldn't find pilates anywhere. so i started my own

it's a strong sell. >> where are you on intel? there's china, there's foundry.because i think the biggest thing about intel also is operating leverage because they own foundries, and because you have that large cap, you have to spread and allocate that cost, and and your revenues are coming down already, and you're with china, and one step behind producing chips, it'll be a couple of other years. there are plenty of other places to put your money, especially in the semiconductors. >> let's move onto arista to a double downgrade from sell to buy over at rosenblatt. their growth in a.i.-driven networks could be thwarted by nvidia. you're a trade on arista. >> i have it as a buy. we own arista and nvidia, and we have been with them since it was a $5 stock. we still believe in both of these companies that they have a great future. ari arista was actually upgraded and said to downgrade, and this is that nvidia will steal away their internet business and disagree with that. when a company is under pressure, it does not act that way. it has a revenue growth of 34%, whe

samsung, tsmc and intel. where does this leave intel and their ability to develop a new business for them and compete against samsung and tsmc which have well-capitalized years and years of experience. >> this is a challenge for intel. we've seen a really sizable award already. they are going to be competing now to be doing this on u.s. soil. tsmc is doing this at scale in a huge way in taiwan. if they are able to bring it over to the united states and use u.s. workers and immigrants as well, that's going to challenge intel and say we are the dominant player already overseas and now we will be the dominant player in the u.s. and that makes it much more difficult for intel to get a foothold here. >> the federal government says as long as it's in our territory, it's a win. thank you very much. >>> coming up, the makings of a pullback in place. have the characteristics of the market changed? >>> plus the eclipse capturing consumers complete attention as well as some of their wallets. we will discuss when power l

not only that, it's not just intel. it's intel against a backdrop of what semis overall have done. i don't think it's unfair when i'm criticizing the expectations he laid out and had revised. set the bar to a level you can succeed it. >> nothing new was said. it was the reverse of disney. in this one git's silly because the aggregate is the same. the foundry business, it's unprofitable today because of a huge backlog of orders. if you look at the future, $10 billion in deals still locked up. i think there's growth. >> we're done with intel. a lot of focus on crude. obviously watching the middle east and the impact on the crude trade, brent going to 90 yesterday. you bought dominion energy. >> it's a utility. >> let's focus on energy itself, trades that make sense right now. i used that as a vehicle to get to you. >> thank you. >> why did you buy that now? for the yield? for the dividend? >> for the dividend. dominion is a regulated utility that focuses in virginia and south carolina. if you're watching, wait, no, no, it's way more complex than that, telephoit was under the o. sadly

and intel is not participating fully in that.nd the rest of intel's market such as the traditional cpu server business just isn't growing fast enough to cover the massive costs. >> i think there are a few questions. one, will it ever grow fast enough or is the need for faster chips going to make those chips that they're making effectively obsolete and the investments that pat gelsinger is making today, do you think they ultimately actually will pay off or that somebody else is already going to leapfrog them again >> well, you know, there is still going to be growth in the traditional server market, not as much growth as there has been in the past. more of that money is flowing to a.i. and gpus and nvidia specifically what they hope now is that the other business they're putting on top of this is a foundry business, where they would compete with tsmc. it is far out in time. that's kind of, you know, 27, 28 before that business really gets going. it is very uncertain tsmc is a strong competitor. and when they started this journey,

intel receiving government funds as part of the act.tocks fell when it reported its founder unit lost $7 billion last year. intel is an american company. samsung is a south korean company. this is now an issue of national security, right? chips are going to be the most important things. so you need to manufacture them here. and you can't just manufacture them all in asia, but it does raise the question, intel has to come out of nowhere and build a foundry business. samsung has a lot of experience. >> isn't tsmc building in the united states? >> yes, and samsung. so it raises the question, do you need intel? >> yes. >> how secure do you need it to be? >> yeah. do you need it to be an american-owned company. >> and highlight it is challenges for intel because they're starting this foundry business from scratch. it is billions and billions of dollars, years of r&d. >> coming up, dividend darlings. >> coming up, dividend darlings. safe and sadtey if volatilit morikawa on 18. he is really boxed in here. -not a good spot. off the comcast busi

do it, and intel was a great manufacturer, but that was a different intel.t was just a different intel. they used to have a couple of people on a s.w.a.t. team that could put plants anywhere. used to be an intel hawk. i went to the israeli plant on saturday where no one works, which is pretty amazing, and then i went to the opening of the irish plant, and they just knew how to build. these guys, not so clear. it's a construction project. >> right. >> and then after that, you bring in lam, bring in asm, and it seems like samsung knows what to do, and taiwan semi really doesn't. samsung is a great ally. great what they're doing. >> yeah. >> really great. >>> boeing's an interesting story today, jim. reuters has a piece that they and airbus are exploring ways to divvy up the spirit operations. >> well, i mean, dave calhoun was very good at expressing that boeing has to get control of the fuselage, which means they have to get control of spirit. i remember when -- unfortunately, i'm old enough to remember when they spun spirit off. it was a low-margin business t

intel is down. ai accelerator coming in the third quarter. intel stays it outperforms in some training cases. it will be comparable. that's down 2.3%. taiwan semiconductor these are shares that are 1% that soft sales jump. a better-than-expected 16%. that's the best jump in growth to 2022. is tsmc riding the ai wave. this is the world's biggest contract manufacturer semiconductors. >> let's dig into tsmc. we are pleased to welcome ian king. it was a surprise but we perhaps were anticipating a real strengthening of tsmc's business because of ai. >> all roads lead to taiwan right now and if you go to build anything whether it's nvidia, accelerators who are doing better in servers than intel. there also getting into broadcom and networking. and you are paying for that most expensive stuff. >> there are some specific names that are interesting. a story you've been writing. they are bringing in next gen and tia chip. they want to deploy for their own training and influence purposes preyed what you make of it? >> this is them joining that long list

, some intel information that may have passee into iranian hands, for all we know. we don't know for sure. he by the way is teaching ats te yale university, training the next contingent of foreign service officers which is a problem in itself. but i mean, that must have sent shivers through the intel agencies of israel, the factgu that this guy might have been mishandling information that could have helped israel'sat enemies. >> well, that has and cer certy sent slivers through the united states senate, specifically on the republican side of the aisle because of the concerns we have of the efforts through this administration in some ways cozying up to hamas when they shouldn't do that at all, as asw result of the president's concern about his ownth re-election efforts in this country and the outcry of people on the far left wing of theti democrat partyon who arerts continuing to be anti-israel and anti-semetic. e on to domestic issues here because we've got you for a good bit of time. biden's war on fossil fuels, it just continues despite the fact the mandates are f

it now to some other stories, intel shares fell in u.s.d trading after manufacturing losses the bend. the business may not break even for several years. a new division responsible for manufacturing has sales of nearly $19 million down from 28 billion the previous year. elsewhere, the controlling investor in wwe and ufc has agreed to be acquired by silverlake management. the buyout follows through on plans announced in october and they said they were evaluating strategic options out of frustration with language inc. stock prices. coming up, companies to watch in the second quarter. bloomberg intelligence gives us their top 10 picks next, so stay with us. this is bloomberg. ♪ welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help r

intel has unveiled a new chip — the gaudi 3 — that aims to do precisely that.ant said the chip is capable of training specific large language models 50% more quickly than nvidia's h—ioo processor. intel has struggled to challenge nvidia's dominance in semiconductors that power ai. you may have heard of the language, esperanto, aimed at making international communication easier, with everyone able to speak it, alongside their mother tongue. well, it didn't really take off. but now, thanks to ai, conversing in another language, or as many as you like, is no longer a challenge. here's james clayton. all speaking different languages. the world is more connected than ever. conversations with anyone, anywhere are just a click away. there'sjust one problem — we don't all speak the same language. i really, really wish that i could, but unfortunately i can't speak any other languages fluently other than english. speaks mandarin. speaks french. what if i could speak polish? speaks polish. thanks to new ai apps though, i can give at least the impression of being able to s

intel has unveiled a new chip — the gaudi three — that aims to do precisely that. the chip is capable of training specific large language models 50% more quickly than nvidia's h—ioo processor. intel has struggled to challenge nvidia's dominance in semiconductors that power ai. experts estimate that the majority of african artifacts in museums are currently held outside of the continent 7 despite moves by some institutions to return items in recent years.but what if these could be repatriated at least digitally? alasdair keane met one artist who is using techology to do just that. it's more than just like an art collector. we kind of intersect between like arts, tech, activism and history. the inspiration that came to me was the inspiration from africa was the inspiration from africa was living outside of africa, and that was something that was deeply unsettling for me. also, you know, something that i've always wanted to have some sort of hand to change. he described their project as a digital heist. they capture objects on display in the british museum digitally,

what is the intel community in the u.s. in the days, weeks, months to come following this back-and-forth between iran and israel? >> here are the things that we typically follow. first and foremost, they were as a battle damage assessment is done right now. what actually -- what kind of damage israelis have been able to achieve? we also are monitoring the communications obviously, both within israel and within israeli command and control, senior leadership, and the same for hamas. we started for b12 leadership. as well as iranian process. okay? we also are monitoring what we call indications and warnings. and in a kind of impending escalation whether inside iran my inside israel or anywhere around the world. because iran, typical doctrine is they use proxy forces and they just targets outside of israel. so, the counterattack from tehran if, in fact to come, my intelligence tells me it will be even more limited, and it is not going to be inside israel, if at all. >> carley: rebekah, that could come possibly in the form of he

you flashed up intel at the beginning of the story. seems like it's light compared to all these other ones and i think they got a pass. when you saw the story, they mentioned intel and amd. these are the ones you have to be concerned with more. >> here is what's coming up next. >>> crackness in the consumer. the chart careening toward precarious levels and where it's headed next coming up. >>> plus, gold's gleaming gains. the precious metal hitting another all-time high. what's fueling the rally and how long can the good times roll? we'll shine a light on that and much more next. you're watching "fast money," live from the nasdaq marketsite in times square. in times square. we're back right after this. ♪♪ ♪♪ ♪♪ ♪ ("three little birds" by bob marley & the wailers) ♪ ♪♪ discover our newest resort sandals saint vincent and the grenadines, now open. visit sandals.com or call 1—800—sandals. >>> welcome back to "fast money." retail getting hammered again today. the etf crossing below its 100 day moving average. it is off 9% this month. the b

intel says weak demand for its traditional datacentre and pc chips is what led to the lower forecast. investors a re now investors are now trimming expectations that the federal reserve will cut rates before september. the latest data show its economy grew at its slowest pace in nearly two years in the first three months of the year. the personal consumption expenditures price index — which is a key indication of inflation — rose 3.4% for the quarter. us secretary of state is meeting chinese officials on a three—day trip. economic ties have been a flashpoint. antony blinken has called for a level playing field for american companies doing business in china. let's bring in our business reporter monica miller who has been following the story for us. this is the latest high level meeting between officials from washington and beijing. 0ne one of the biggest issues is the economy. mr blinken has brought up nonmarket practices as well as manufacturing capacity. 0ne as well as manufacturing capacity. one of the things that the us has toyed with is slapping additional tariffs on chinese goods

intel has reported some steep losses. christina is here with more on that move.>> investors knew it was going to be bad, but maybe not this bad. restated financials showed an operating loss of roughly over $7 billion last year, when you compare it with a profit of over $11 billion for product businesses in the same year. losses will hit at peak this year in the foundry business, because of high start up costs. they will also be advancing chip technologies. they don't expect to break even until 2027, or hit 40% gross margins and 30% operating margins until the end of 2030, six years out. they are warning of low core generators, a.i. chips did not do as well as they thought. you have a slower round of products, the lack of a.i. participation, and these high costs that have investors selling out today, and when you zoom out and compare intel, intel is the only stock in the red on the year, currently trading at 33 times, and nvidia expects sales revenue of almost 250%, so you decide if it is too expensive or not. intel does h

talk to me about intel because that's a different story. >> we saw a reaction in the intel stock but this is hard to follow. the story from intel has been quiet there has been a turnaround going for a while but it has fallen to 27 billion. the biggest concern is ai and investors are worried that intel may be moving too slow and missing the ai way. we are seeing a big gap between competitors. a strong year in 2023 and it is down with nvidia doing quite well. that ai competition is tightening up. katie: a company with ai and esteem is down. this is the same team. they are announcing the intention to sell shares. we saw a roaring start of the year but if you look at the last few months, the picture has turned dire and is perhaps part of the team of fewer and fewer winners. they may offer to sell up to 150 million shares so you can imagine that is not a good sign for investors. katie: that share is down mere 7%. how surging inflation is affecting manufacturers. we will speak with nicholas t pinchuk snap-on inc ceo ofsnap-on inc ceo ofsnap-on inc ...with a perfect name, a great logo, and

intel announced that it has started a new round of layoffs. intel says last year seven. it has suffered a billion dollar operating loss in its product design department. the ceo of mehr announced last year that he plans to reduce operating expenses by 10 billion dollars by 2025. intel is an american multinational technology company. thank you for your companion, god bless you. good morning, dear viewers. hello correspondent, stay with us today. in this section , let's go to the glass hall of the tv news agency , mr. azarfam. hello, good morning. mr. hosseini. hello, good morning to you and the viewers of the khabar channel . we are with you with an overview of today's news and events. in specialized groups , they are obliged to cover it in the media, increasing people's participation and production and productivity are among the goals that are pursued in the ministry of jihad, agriculture and under it, the animal medicine organization of the country, but there are obstacles in this regard , which according to the applicants for obtaining a license and the work of these o

intel shares are down nearly 3.8%.mes after the chip—maker disclosed a deepening operational or operating losses for its business. intel said the manufacturing unit had a $7 billion in operating losses for 2023. steeper losses than the 5.2 billion in operating losses the year before. it's a blow to the year before. it's a blow to the us chip—maker as it tries to regain a technology lead it lost in recent years to taiwan semiconductor manufacturing. staying with the tech sector. the start of the year has seen more lay—offs announced at a number of major tech companies including google, microsoft and snap but workers finding themselves unemployed could look to asia for new opportunities. that's because new research has found hiring is on the rise across the region due to a shortage of talent with australia, hong kong and singapore on the hunt for staff in the tech sector. we heard from karen ng. let's get more from karen ng who's with global hr platform deel, which is behind the research. we heard from karen ng. she says

intel also announced its results but it was its outlook for the second quarter of the year that sentares lower. intel says weak demand for its traditional datacentre and pc chips is what led to the lower forecast. let's stay in the us where the latest data show its economy grew at its slowest pace in nearly two years in the first three months of the year. the personal consumption expenditures price index — which is a key indication of inflation — rose 3.4% for the quarter. investors are now trimming their expectations that the federal reserve will cut rates before september. let's turn to china now, where the country's biggest auto show has kicked off in beijing, with car makers showing off their latest electric vehicles. china is currently the world's biggest car market and the world's biggest car exporter, and has seen stiff competition over the past year especially amongst domestic players. i spoke to auto analyst bill russo who gave us his outlook for the chinese car market. there is a focus on electrification with the dominance of the chinese companies who now have almost 80% sh

intel can tell us all day long about how powerful its ships are. he does not have the software advantage that nvidia does, which means ai developers are locked into the nvidia ecosystem for now. >> the question is for how long, because you do have whether it is nvidia for , intel , all of these other folks who want a piece of the action, and you have to believe they will spend whatever they have to spend to get it, and they probably will get some of it. question is how much and when does it start to eat into whatever advantage nvidia has ? >> my personal take is it is going to be a while. i talked to developers about this and they say there is momentum to this. you have built on nvidia entrained on nvidia. to get your developers to train on the other system, it has to be orders of magnitude better to make the move, because you are telling developers you are running this successfully. ai is the most important part of your business right now and you're going to now go to another system. that is to be orders of magnitude better a performance to me in

the trades on intel and taiwan semi, too. back at sohn in two minutes. >> announcer: are you following "the halftime report" podcast? what are you waiting for? look for us in your favorite podcasting app. follow "the halftime" podcast now. when you need to prepare for unpredictable adventures... (gasp) you need weathertech. [hot dog splat.] laser measured floorliners front and rear. [drink slurp and splat.] (scream) seat protector to save the seats. [honk!] they're all yours! we're here! hey, i knew you were comin'... so i weatherteched the car! can we get ice cream? we can now. kid proof your vehicle with american made products at weathertech.com. not all caitlin clarks are the same. caitlin clark. city planner. kid proof your vehicle with american made products just like not all internet providers are the same. don't settle. you want fast. get fast. you want reliable. get reliable. you want powerful. get powerful. get real deal speed, reliability and power with xfinity. she shoots from here? that's kinda my thing. >>> we're

deirdre, thank you deirdre bosa >>> we're going to end on the chips and intel.or us. >> we had texas instruments earlier this week and that report was less than expected with many wondering if the bottom for non-ai segments is near when i talk about non-ai we think intel, pc and server segments both are highly dependent on i.t. spending budgets. citi points to a pc recovery in march and the launch of windows 12 later this year that could be a driver for a pc refresh cycle. other positives, mobile business, given intel majority shareholders that could add a bump in other business sesments. investors remain skeptical, no surprise, intel under performing other chips down 30% year to date with the smh up 20% that's a huge discrepancy. even if server sales are improving, competition from amd is a headwind for intel. secondly, intel's new foundry business, which will be operating as a separate business with this report, has deeply negative gross margins, profitability is a ways out. intel, though, will tout its new ai chip which aims to compete with amd and nvidia q2

intel comes out with the new chip, fantastic.sterday we saw tsmc winning grants and loans from the u.s. government. how significant is that for the broader industry? tim: tsmc will not say no to $6.6 billion in grants. another 5 billion is a loan the government will offer. they will have to pay it back. 6.6 billion compared to 65 billion in arizona sounds like a lot of money, it is a drop in the bucket and they don't get that number automatically. they have to hit phases of contracts with the department of commerce. if they miss they will not get all the money. they are hitting a lot of targets. if they execute they could get $6 billion, not a lot compared to the massive expenditure there putting into arizona and it will be good. intel is expanding. samsung the other chipmaker is expanding, so it's very good for the u.s. chip ecosystem but we need to see how it will play out because engineers are more expensive than korea or taiwan, so the cost will be higher in clients like apple, nvidia and amd will have to wear the cost. lizzy

a move would hit both companies and intel and amd shares are moving lower. both down 1.5% in the pre-market. we will continue to watch the story throughout the morning. >>> time for the big money movers. rivian is searching for direction after sinking to a record low with yesterday's losses. this move coming as the ev price wars are heating up for the f-150 electric pickup trucks by ford. rivian is down .50% in the pre-market. >>> and trump media is extending the slide after the company debuted at the end of march, but shares have fallen 35% since then. >>> shares of lockheed martin winning a contract worth $4 billion. the funding is meant to develop capabilities for the missile core command system. the shares are higher right now. >>> first quarter earnings season is officially here. big banks like wells fargo and citi and blackrock are kicking off before the opening bell today. arabile gumede is joining me here in london with the key financials this season. arabile. >> a modest start is what you anticipate particularly for the remainder of the year. you lo

i think there is a lot of opportunity for intel.ntel's recent segmentation, where they showed you how big the manufacturing losses are, i think that really shows you the value around the chip part of the business, away from manufacturing. we're all hopeful that they'll be successful in terms of turning around the manufacturing. stabilizing the existing market share and servers, you know, significant incumbency value that goes to that business and they need to execute on product. there is value on that side of the business. i think the ambition they have is to compete with tsmc, nvidia more broadly and i see that as more of a stretch. but certainly we see potential value in intel and i think the key is going to be to fix the foundational business that they have and then use that as a basis for -- >> and where do you put amd in this whole situation? >> i favor nvidia. i like amd. i'm intrigued to see their product in a.i. they have become this sort of de facto alternative in nvidia in this merchant a.i. space. i think there is some ex

but the intel chief has gone fast because the problem isn't one of intel and not narrow security military sense. the problem is intelligence in terms of bolt was if you looked it up in a dictionary, intelligence being intelligent, not being stupid. and the idea that you could keep the palestinians in the situation without rights, without enfranchisement, without freedom to congress, the patient under defaulted, reggie. this would deliver security. that sort of question of whether the intel flow is working properly. that's a basic stupidity. the will never hold anybody i saw you are reacting to what daniel was saying there's i want to let you jump in, but i also want to ask you what message does this send while the war on guys a continues? what do i say to these riley public who are increasingly dissolution and makes a lot not very strong. i mean, as daniel riley says, if i look through the intelligence in a very narrow sense, then i'll type a 7 was a contest of interior element in the broader sense. this was 5 bigger than that. and what i mean by that is that for many, many, many of these

we know to do such a targeted hit you have to have the best intel, it shows once again, what the heck are we doing trying to micromanage their war when nobody knows better about what is going on in middle east an israeli intel. >> i think that is right. we see here today is iran is world's number one state sponsor of terrorism, you see it is houthis, hamas and hezbollah, they continue to fund, train and arm those, we have a weakened joe biden in the white house, we're seeing is increased activity around the world. oof the world is a more dangerous place, after what we saw in october 7 with the attacks on israel by hamas, i talked with prime minister netanyahu just a week or so ago, i will continue to stand with people of israel. >> i am going to ask you a question. you may not know the answer, your opinion, do you think this the israelis told biden officials before the attack happened. >> i don't know the answer, but we know there is a strained relationship right now between the president and the prime minister. and i expect that to continue as prime minister does what he needs to do

i also like intel's foundry idea, and it always takes longer to develop technology and roll things out know that and we learned that earlier this year, and that's one of the large -- big reasons behind intel's unlovedness right now in the market >> yeah, interesting i think of like a kindergarten report card. plays well in data centers for both of those. two others that you like are united health and urban outfitters, two companies that on the surface couldn't have less in common >> right except they delight their customers, and they're -- >> i don't know whether it delights the customers, having been on the receiving end of lots of explanations of their benefits, but make the case. >> i don't know if that's true of every health care company >> it's absolutely true of every health care company, to my infuruation. but that's just me >> i rip open the 19-page documents from them and wonder what they mean but united has been an innovator in creating technology and doing whatever its business is to frustrate its end-to-end customers, not its -- not the companies it works with. anyhow, they

intel is going to face those challenges in ohio. taiwan semi at least already has plenty of operations in phoenix, and they will have to do more, so training programs in conduction with technical and community colleges help to create that. fortunately, chip manufacturing plants and that being -- these subsidies are not really about creating jobs. probably most of the jobs are in the construction of the plant itself pier 1's the plant is up and running, maybe 1000 or so people. it is not a huge number. we do have great engineering schools in this country, and once the job opportunities are there, you tend to see more kids flow into those programs. plus, add in customized training programs from the companies. caroline: so any think of tsmc being one making the most of subsidies, loan grants, so, too, is intel. how much do you think this money will filter into foreign entities or more local u.s. presence? joanne: the leading edge in manufacturing, unfortunately, for u.s. companies has been taken over by taiwan semi and samsung. intel m

pat: we look at intel, two different perspectives.se through financials that we have a solid business with healthy financials. we expect those to improve. the big story has been about exposing losses and that will cross through profitability for the business as we get back to leadership and moderate the level of investment required to rebuild a decade of underinvestment. haidi: that was pat gelsinger speaking to carolyn hyde. still ahead, the ceo of japan's venture firm. this is bloomberg. ♪ >> japan's oldest venture capital firm is tripling the value of its investment in a sign of resurgence in the ecosystem. the ceo told us they are getting the latest from potential japanese unicorns. >> there is no doubt a number of stocks taking on global challenges and social issues is increasing. >> there is defeat about how some startups want to debut early when they are small. what is a good sized to go public? >> the japanese stock market is unique and allows companies of all sizes to go public. the number with market capitalization extending

arizona is the battleground state and when we looked at those investments in intel last month those wereree battleground states as well that they could be a potential benefit here for presidentjoe biden and his re—election effort. benefit here for president joe biden and his re-election effort.— and his re-election effort. always aood to and his re-election effort. always good to talk _ and his re-election effort. always good to talk to — and his re-election effort. always good to talk to you. _ and his re-election effort. always good to talk to you. thank - and his re-election effort. always good to talk to you. thank you. i and his re-election effort. always i good to talk to you. thank you. we will chat later. live in new york and we should clarify, the gas at the start, chinese firm. course it is not, it is a taiwanese chip—maker. course it is not, it is a taiwanese chip—maker. airline regulators in the us have begun an investigation after an engine cowling on a boeing 737—800 fell off during take—off and struck a wing flap. the southwest airlines flight was forced to return to denve

up first, intel stock is down by about 7% today. brian, what is your trade on intel? that the net operating losses were higher than expectations, so what i'm looking at for me would be a sell on this stock. the news is coming out on intel, they are still going through this reorganization. they have some really lofty goals to get to by the end of the decade. it makes a little bit more sense to wait and hear from management, and then evaluate things moving forward.>> and lowe's got a downgrade, citing valuation. what is your trade?>> tyler, we saw those comments today, i think they are a little more macro, they are concerned about consumer spending and interest rates, but we do know that rates could go down into the second half of the year and into next year, that could really simulate some things in the housing sector. people are still evaluating moves around their homes, we see some good progress in spending from consumers, and professionals trying to help. i think lowe's looks attractive, this is one that i would put a buy on for myself, something that i'm looking at