other chip stocks on the move include invidia. after the bell, we'll hear from nxp. scott?chance to weigh in on our twitter question should you sell in may and go away the results after this break 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 go. go brain. no, not that one. go this one. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. i was having relationship issues with my old bank. it was just take, take, take. so i moved to sofi checking and savings. get up to 4.20% apy, and earn up to $250 when you set up direct deposit. sofi get your money right. ♪ imagine, a car that goes as far as it does fast. as sleek as it is spacious. as smart as it is beautiful. introducing lucid air. experience the best. ♪ ♪ >>> let's get the results of the quit question. should you sel

invidia, microsoft somehow alphabet has let the narrative get away from it >> right it's almost cast as opposed to a beneficiary this probably changes that a little bit in the process, you wouldn't call alphabet a super cheap stock, but on a free cash flow basis, it's 5.5% free catch flow yield, microsoft around 3, meta much lower you have a cushion because people were worried and remain worried about the google search experience in general. this casts a light about how it's gotten spotty and spammy. maybe that's let's profitable in the near term. again, you neee something besides maybe the economy doesn't slouch immediately towards recession to get the market in a better mood. i think the ai stuff is probably overhyped in some pockets. it's probably a hand we overplayed with certain stocks it is something that causes companies to say they have something worth investing in it's a growth story as opposed to purely playing defense. >> you want to look at disney as well as we inch towards nthose numbers. what do we think here? there's not a lot of enthusiasm around this stock. sure ther

the question is how hype has the theme come you mentioned invidia. would be worried about. if you look at leadership this year, increasingly thin and it's increasingly more concentrated that's where i would be more cautious. >> good to catch up. dubravko lakos-bujas, jpmorgan joining us. >>> up next, a game changer for the banks. why lauren goodwin thinks one of the regionals could be in a broader sector. >>> we're waiting for those earnings from apple. >>> do not miss cnbc pro talks tomorrow hosted by mike santoli. a special live event from omaha ahead of the berkshire hathaway meeting. "closing bell" will be right back new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. so if you're on medicare, or soon to be, consider this. an aarp medica

coming up, joining tech's top table — why investors are going crazy for chip maker invidia.ment hari made history. last week, he became the first ever double above—the—knee amputee to reach the summit of everest. i'm emotional as well. because it's a long wait and you know, i cried many. times, and yeah, lots of lots of emotional things. so, yeah, i think ifeelamazing. l but also i hope this will send . a message to around the world that anything is possible. the former gurkha soldier lost both his legs when he stepped on an improvised explosive device while serving in afghanistan in 2010. when he woke up, he thought his life was over, but taking on a number of extreme sporting feats helped grow his confidence again. you're live with bbc news. the boss of banking giant barclays has warned that people in the uk face a "huge income shock" from rising interest rates. expectations for the uk cost of borrowing surged on wednesday after data showed inflation is not falling as fast as expected. investors are betting the bank of england will have to keep raising interest rates to tr

. >>> coming up, don't miss the ceos of service now and invidia. what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. meet gold bond healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers and 3 vitamins, you can pay more but you can't get more. gold bond. champion your skin. >>> let's get the result of the twitter question we asked if the s&p 500 would hit 4,300 or higher if a debt ceiling deal was reached the majority said yes, 63%. >>> up next, we have your earnings report coming up. we'll show you what could be at stake for the broader cloud space. we'll take you to the broader market zone next you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. ind

part of the reason invidia's up. it's not speculative >> people say there's a bubble related to ai. you don't think it's too soon to make sekctor calls >> it might be i've been too negative things i'm confident can't be disrupted by ai, maybe i should pay a higher multiple. we've been wrong and it hurt the portfolio. i'm trying to take it to market and say there's reasonable names i can hold that will remain at elevated multiples. >> what do you think broadly lies ahead got last week out of the way, a critical week with apple and fed. we have companies like disney. we have the debt ceiling which we're finally paying attention. >> i'm a seller on caring about the debt ceiling what's the alternative they're not going to pay government employees no they're going to raise it. when we raise it, the market will go up that day. that's been what happened the nice 97 times they did this. i don't know if the next 10% move in the s&p is up or down. >> do you have a sense >> i think the rhetoric is negative, but i think people are worried it could go up and they'll miss it. earning season has b

. >>> before we go, let's check on the 2023 stock draft charlotte flare in the lead thanks to invidiaing in tori. congratulations. you've ridden the wave with amd and your second pick microsoft doing well. >> thanks for having me back it's crazy to see even in the last month the progress we can't predict anything about the stock market and hope it goes up consistently. >> if you were picking today, tori, amd's female ceo played a role in this, would you stick with this or say it's overvalued >> no. we never regret betting on women. we do what we think is a great leader in this transition. the irony of the stock draft is that we're focussed on picking things for years, if not decades. while i see this as super fun and it's exciting to see the progress, again we're in this for the long haul. >> i remember during the stock draft thinking that there was a good pick in peloton hasn't been a good pick. >> we've been talking smack on instagram. it's so fun to have this group of people come together from different walks of life. i'm a financial expert we have football players, olympians, wres

really the pure driver behind the tech trade in 2023 >> it's been a big driver for sure if you look at invidia, that's been a big driver. i think it's really got some excitement into the big tech names. go down the list, microsoft is involved you have ownership there of chatgpt. that's feeding into a little bit of the sentiment recovery there. in general, you're not quite seeing as much excitement outside of that. perhaps, google and alphabet it's a theme that's been driving sentiment. there's other things and regular old earnings are driving recovery. >> steve, you've been covering all these companies. we counted the number of times artificial intelligence has come up in earnings conference calls. what has been the big driver in your mind of the tech outperformance to this point right now? has it been ai >> it depends on the company apple, probably not. we were talking to mr. cook about that he said no, china sales were great. he didn't even mention ai. at microsoft, obviously it's the hype around ai microsoft has a monetization plan that's more advanced than google google did this week show

shares up about 6% today check out meta and invidia they're the two best performers on the s&p this yearedible run here for them tyler? >>> still to come, the world's oldest known hebrew bible selling for millions on the auction block. that and more when "power lunch" raps it up use a new sign. with t-mobile for business, save more than $1000 versus verizon. and with our price lock guarantee, we'll never raise your rate plan. ever. >>> the most exciting four minutes of television begins right now. a bunch of stories you need to know about clock is ticking there it goes. >>> president biden and kevin mccarthy said they won't led the government not honor its debts president biden is cutting a trip to asia short to return for negotiations the markets seem to be acting as though a deal is going to happen who knows? >> who knows it's unfortunate that trip to asia got cut short, but he must have felt it was important. >>> ghosting appears popular for the airlines "the wall street journal" highlighting that budgetary lines have been experimenting with offering cheaper flights to underserved are

two hours and resulting in multiple near collisions involving other drivers, industries, and two invidia new york city is different from small towns, you should not be speaking anywhere but this is a densely populated city. >> reporter: the new york city mayor calling is irresponsible. >> they will never protect you. >> i was terrified. i did not want history to repeat itself. >> reporter: all the fears harry has been vocal about , including his netflix series after his mother died after a high-speed car chase in paris in 1997. his team told us half a dozen vehicles were involved in the chase on tuesday, driving on sidewalks, running on likes, and reversing down a one-way street. a member of their detail says the couple switched cars more than once, first seen in a black car and in a yellow cab. they left the uk for a life in north america because of press intrusion. even after leaving the uk, his fight with the british tabloids continues as he appeared at the high court in london for a legal case against the daily mail it last week receiving an apology from the newer group newspaper. a

invidia hit a trillion dollars.here has been a boom in artificial intelligence that puts rock earth fuel into this company. they make chips and they're used in everything. apple, google, amazon, microsoft the only other companies to have topped 1 trillion and invidio was part of that company yesterday. >> dana: beyond dollars and cents big tech execs are sounding an alarm. mitigating the risk of extinction from a.i. should be a global priority such as pandemic and nuclear war. we have the director of a.i. safety. is that hyperbolic or reasonable on that take, dan? >> so many of us are, in fact, concerned that a.i. in the future, given it's progressing so rapidly could lead to human extinction. there are other risks like making society go a lot more poorly or tearing apart the fabric of society but could lead to extinction. >> bill: here is sam altmann on the hill a few weeks back when he kind of said this. watch. >> regulatory intervention by governments will be critical to mitigate the risks of increasingly powerfu

invidia, right?end chips is not abating, and nvidia says there's a trillion dollar replacement cycle for chips and a rebuild of the entire software stack to artificial intelligence. you think about the gland going forward for a.i. chips. now, in terms of short seller losses, the stock is already up 100 percent, you already lost that amount on your short. would you be closing them down right now? tooth stuart fair enough. >> one of the richest people on the planet, the founder of nvidia. stuart: the next story is something i pretend to the know something ant it. i'm going to form it in a question, elon musk's neurolink found a way to hook up your brain to the computer? have they got the interface that links it? i believe they have. susan: they're going to trust it out in human trials. stuart: yeah. that's a big deal. it's hooking your brain up to a computer. susan: that's right. it's been done before -- stuart: yes, it has. but musk might do it better. susan: i don't know. have you watched the twitter