revolution >> exactly but remember, jensen huang is dancing on the grave of moore's law, so to speak 's been saying it's dead, and pat gelsinger says it's not. jensen says, you keep making them smaller but there's no benefit, so why not go big and send everybody else home and i think jensen is right. you need speed, and you need size, and because jensen is uniquely concerned about heat and waste, he's developed a superior system. but i'm again saying that i no longer think intel is -- >> when we sit here now, you're not going to be dismissive of intel, which you have been for years. >> i'm not anymore, because this was the quarter. when he sent me his note, very plaintive note, he's a very thoughtful man, and i could have easily said, okay, sure. but it was not an, okay, sure. it was, look, we've done a lot please appreciate it and i do i don't want to spend too much time on it, but i know that you and i both -- >> i'm glad we delved into it a bit. we'll see what happens from here you're right it is. by the way, we need to remember all of the -- tsmc was morris sheng from texas instru

everything, i was surprised they have to be in the arm deal but why not one thing we know about jensen huangs he's ecumenical he takes business from everyone. >> they are looking to be anchor investor in that ipo even though you can see on the chart where we got that enormous historic guidance, hasn't really been rolled back by the street or the company >> when you do $4 billion better than people think, you have got it what that really says is you've got a lot more than people realize. the unbelievably great ceo was talking about how china does close out opportunities, but all i can say is, get in line. you want the -- i got to have an h-200 to compete with everybody else this company is doing things right now that are only dreamed about, but they're so much faster they're 45,000 times faster than the other guys when it comes to, say, climate 40,000 times that's a lot a lot of superiority >> that year-to-date, almost a three-bagger it's going to be -- we're going to be talking about a three-bagger this year >> never seen it before in my life, but jensen huang told me in 2018, will anyone ev

so many trends >> did you notice, by the way, how bill mcdermott immediately tried to work in jensen huangnership with them at accenture. the theme of this -- jensen's not talking right now, but jensen had -- it's really incredible, he showed me a year and a half ago he was astonished that people weren't picking up on it, and then chatgpt and he was friends with sam a long time. he is the genius behind all of this, and there are people right now in this country who are so good at business that if i were in the people's republic of china, i would say, wow. we misjudged them. we thought that we were beating them, but we're not. >> you can't keep capitalism down not for long, jim. >> three cheers for capitalism >> there you go. >> do you have to do that? >> i can't be positive on the business community >> i want to point out, point-blank, you could spend $40 billion on reality labs. the vision pro, apple, is going to crush mark zuckerberg it's so good >> it's going to crush what? >> meta quest. >> that's an interesting comment you're making here >> i think that apple is sneaking up because th

named everest, but if you call him nvidia and you have a steak in your hand, he might as well be jensen huang'sceo of nvidia. >> speaking of keeping you out of stocks, go aldman today on netflix finally removes their sell to neutral, from $230 to $400 management, they say, executing better than they thought industry competition, more mute. they do mention, since they added a sell last june, stocks up 135%. >> that's one of those pieces that they're saying, maybe jim and carl won't look at it. maybe if we put it out early enough and they haven't seen it, and so far, 9:34, they were thinking, maybe we got away with it but now heads hanging low and they're going to get a haircut and they're done >> not the only ones, by the way. today, northland, we don't talk about them a lot, they upgrade amd to outperform. >> that's helpful too. >> i knew you would love that one as well. maybe they wait for vacation weeks to do this stuff >> that's when you do it, try to make it oblivious. look, if i were them, i would have downgraded on the fourth of july you know, let the fireworks obscure it when you make th

we'll miss you >> or i can ride my motorcycle in silicon valley and be jensen huang 2. >> in terms of market, we did get another increase. credit suisse goes to 4,700, year-end goldman cut their recession odds this week. atlanta is looking at q4 what is in the way >> the only thing in the way would be some sort of shock. i hate to use that black swan stuff. that's all these really smart people that don't make you any money. i find them to be invaluable for nothing, but i think that if inflation were to go the other way, i think that you would see a lot of these companies reverse. i don't see any of the majors. i don't see a service now doing badly. i think that salesforce is having a great quarter could amazon disappoint us not this quarter, because it goes to next quarter alphabet's put together pretty cogent group of chatgpt assets it's a nice time, david. it's just a nice time. it's nice. >> it's nice to be nice to the nice >> look at this today. do you know that we had a scare in the managed care companies? it was all led by when united health said they might have a higher medical

talks about solar, and i believe him, the need to build out a super computer because that's what jensen huangold me these are situations that are really very difficult for the viewer at home to understand there will be institutions that will say, listen, i'm not paying that multiple, and then there will be people who said, i heard him say this to faber, i saw those numbers, i can't sell this if i sell it, maybe i miss -- i dodge a 10% decline, but boy, i will be very upset when the stock doubles. >> one other thing just quickly before we move on. he did also say they're engaged in early discussions with a major oem about licensing full self-driving >> that was the most important thing. is it volkswagen i don't know >> i don't know. and again, early discussions it doesn't mean anything is here >> can you call and find out >> i'll try. >> call him. he wouldn't say who. >> i can try and find out. >> it was -- i loved the conference call. it's so different from when he used to promote himself. it feels a very strong call. >> and some interesting stuff on the macroeconomic environment, which we'll

the call >> i mean, that's the main takeaway >> it verified the $4 billion revenue forecast that jensen huangave it and that may prove to be conservative >> we want to talk more about their a.i. ambitions of both microsoft and alphabet, but we got to get to boeing >> they're as hot -- microsoft is as hot as if i lit a match to that polyester suit jacket you're wearing >> oh my god, again with the polyester. >> i think you should scrap it >> it's g line >> oh my god, that's so flammable. >> it's armani's g line. there's a, b, c, d -- by the way, tighten your tie. let's turn to another big earnings mover phil lebeau has that in arlington, virginia. and he's with dave calhoun of boeing phil >> who's getting a chuckle out of you two today dave calhoun, ceo of boeing, joining us on a day with better than expected earnings, narrower than expected loss, revenue better than expected, but the free cash flow is what i want to talk about $2.5 billion the street was expecting $114 million what did analysts not appreciate about the quarter that had their estimates so low >> it's a reflection of the strong

realtime if you go to the great museum in italy, you'll see drawings for the helicopter well, jensen huangping the -- he's a hundred years ahead of the rest of us. >> okay. i'm going to have to ask him how it all ends, then. i'm curious. >> don't read ahead. >> geez, it's like the end of the iger interview do you remember billy in the movie, "the predator," what he says on the bridge he has a knife in his mouth, and he says, we're all going to die. billy "the predator. >> maybe jensen would say, we'r not going to die anymore maybe it's good news >> bulls got us to 4,523 this morning as you heard tech doing pretty well health care playing along. check out bonds. we will get get umish in about ten minutes and markets still reacting to comments from the likes of waller last night we'll be right back. (bobby) my store and my design business? we're exploding. but my old internet, was not letting me run the show. so, we switched to verizon business internet. they have business grade internet, nationwide. (vo) make the switch. it's your business. it's your verizon. i did have hearing aids from an

. >> what was musk's relationship with jensen huang until this last conference call >> i do not knowere was no love lost. there was no love lost >> i don't remember threats of physical harm to each other. >> well, no, because -- no because jensen comes in peace. he's like in "the outlaw josey wales. >> let's get started talking stocks here. >> we've been talking stocks the whole time >> we have, we have. >> i'm happy to talk about some person -- >> it's a difficult situation. >> i got something from the fed. >> you got a what from the who >> gasbag. we're at the denouement of the importance of fed execs. >> denouement. >> we're going back to the jpmorgan days when the new york fed had a bigger role and no one even knew who these people were because they were babbitt. remember babbitt >> i do remember babbitt >>> still to come, we're going to have an exclusive with chevron's chairman and ceo, mike wirth. >> extended ceo contract >> after the break, we're going to get jim's "mad dash," countdown to the opening bell and start to cover a lot more stocks (vo) it's time to switch to verizo

the disappointments from everybody else you'll say, well, wait a second, what jensen's doing, jensen wa huangoldman-sachs is in a terrible predicament. they were just for wealthy people, and they ramped up for everybody, and now they realize that everybody's not so hot. markets can't be used overseas apple, they're making a lot of noises that it's been a great relationship, but we're ready to leave. you never do that. it's apple you never say that it doesn't work and what are you, crazy? >> it might not be the best fit for them >> right, but somebody will buy it apple, if it was any good, making them a lot of money after the money they sunk, they wouldn't lose it, but the fact that everything is up for grabs, everything, well, that means that they made a mistake, but there's still no one coming out a and saying, we made a mistake. that's not the old -- the old goldman would come out and say, we screwed up. this new goldman says, hey, listen, everything's for sale because we said. no one's saying, listen, we took this strategy, and it was dead wrong, and we're going to undo it and when you fin