they're reserved to only humans. >> jensen huang sees an a.i.ines as our masters. we can only hope he's right. >> thank you all for coming. thank you. >>> cbs sports hq is presented by progressive insurance. rory mcilroy and shane lowry teamed up to win the zurich classic of new orleans in a playoff. elsewhere in the sports world, nba, the knicks beat the sixers to go up 3-1. jalen brunson scored 47 points. for 24/7 news and highlights visit cbssportshq.com. this is andrew catalan reporting. [ cellphone ringing ] phone call from the boss? sorry. outdoor time is me time. i hear that. that's why we protect all your vehicles here. but hey...nothing wrong with sticking it to the boss. ooooh, flo, you gonna take that? why would that concern me? because you're...the... aren't you the..? huh...we never actually discussed hierarchy. ok, why don't we just stick to letting dave know how much he can save when he bundles his home or auto with his boat or rv. wait, i thought jamie was the boss. [ laughter ] it's funny because i'm not boss material! (♪♪) [sha

who's jensen huang?s a visionary who's delivered on every promise and create aid $2.3 trillion colossus. along the way he's been doubted as if he were some sort of alchemist, three-card monte dealer. all i hear right now is he's the man behind the ai bubble as if this is the dotcom period again, 1999, maybe 2000. that kind of thinking has kept people from making fortunes in the stock of nvidia. what the heck did jensen and his team need to do to earn your trust? how much value does he need to bring out, to create before people realize that doubting infieldia has in fact been a very poor decision? he's not the con artist. you know who's the con artist? the bears are. oh, and those claims intel's got the better chip? how dare they? finally, there's apple. today we learned apple's going to refresh its whole mac line-up of computers with its own ai chip. this -- talk about a non-promotional guy that's what tim cook is. i've come back and argued you need to have faith because this team will come up with somet

. >> lucy and macy, the new additions to the cramer family >> yes not jensen and huang that's not whatamed them, as much as i love them. >> they're beautiful now we're really running out of time we'll get to southwest on the other side of the bell, because we don't have enough time. >> cows learn at least one, which is, "run." once you name them, you can't eat them >> we got to do the bell >> southwest air really >> look. look what time it is >> oh, okay. >> let's get this bell and the cnbc realtime exchange at the big board, it's dwl, celebration of the company's ipo. at the nasdaq, churchill downs, parent company of the kentucky derby coming up this weekend, jim. >> always has good numbers anyone who's ever been there knows the pageantry is great it's fantastic >> all right, so you are going to get to this call on southwest. >> yeah. okay, we had -- it's very tough. this piece is really brutal that says that because -- apparently bloomberg says it's going to sell some bonds -- because of boeing and some other operational issues, they downgrade to sell, throwing the baby out with the

governor newsom, and his article authored by brian bennett and south bay-based nvidia president jensen huangg in as part of the innovators section. >> one last check of the forecast before we go this midday. >> you guys will love the forecast because it seems like lately the weekend has been hit or miss. this time we're talking full-blown spring temperatures with somewhat of a cloud cover element and look at saturday and sunday for san francisco and you'll be out and about in the inland areas and enjoy your day in the 08s and we'll climb into the 70s for tomorrow and leaving us into monday with dry weather and then by next tuesday into wednesday we're watching for the development of a potential rain chance in our extended forecast. >> here we go again. >> i know, right? >> all right. thanks for joining us here on our midday newscast. don't forget, we are always streaming for streaming for ♪♪ when you have moderate—to—severe eczema, it's okay to show off. with dupixent, show off your clearer skin and less itch. because you have plenty of reasons to show off your skin. with dupixent, the numbe

. >>> nvidia ceo jensen huang spoke with "60 minutes" and says human jobs will not disappear with artificial intelligence >> we are hoping it does thnings to surprise us with drug discovery and designing better materials we need a.i. to help us explore the universe in places we could have never done. >>> sources tell cnbc paramount is looking to fire bob bakish as part of the merger talks with s s skydance. >>> and bhp is looking for a revised deal for anglo american. >>> elliott management is investing yen in sumimoto. >>> apple isrenewing suggestions with openai to use the tools for the iphone after talks subsided. >>> and nike will change the major league baseball uniforms the uniforms are a nike issue with the company innovating something that did not need to be inn voe innovated >>> 20% of the dow is reporting this week and we are keeping an eye on the fed with the economy with the latest monetary policy meeting tomorrow and wednesday we get key pieces of economic data with the april jobs report on friday. earnings and the fed taking center stage again as the market eyes a positive sess

people gave up on jensen huang. they're going to give up again, because they see the stock goes down. they take care cue from the stock, and they say, oh my god, that's a bubble. well, i think that the amount of money that nvidia's making is extraordinary. and you don't know how to value it other than to give it a higher multiple. next year, we'll look at it and it's 16 times this year's earnings. >> cohen's point is going to be one that we discuss a lot as well, which is, is the stock market already accounting for the productivity gains of so many companies that eventually will really incorporate the use of large language models in their daily operations? it's starting. we know that. but it's very much unclear whether it really has gained that much momentum that we can account for it fully. >> right. bill mcdermott from servicenow would say we're nowhere near. marc benioff has now products coming out that say we're nowhere near saturation. it's very early. there's -- it is -- you know, let's accept cohen's intervie

. >> what did jensen huang say when i told him i was a dollar sign represented by a man.aid, that was supposed to be fun. and he goes, "super funny." laughed on the inside. >> see? i'm laughing. >> speaking of nvidia, needham goes up to $850. just the latest of target increases. >> nvidia is -- there are a lot of companies that are trying to get in on the nvidia act. marvell, broadcom. i keep coming back to the fact that nvidia has this blackwell, this new iteration that jensen told me -- jensen huang -- told me that andy jassy would buy every one. zuckerberg. every one. every one. they're all -- they're not even out yet but everyone wants allocation, because these things are able to think. you could have a hundred brilliant people, and these machines are dismissive. >> they need -- those companies need this platform, right? is that the way we describe it? >> platformization. >> it's not a chip. >> it's a super computer. >> it's its own super computer? >> it's a super computer. >> it's this big? >> knows every language perfectly. >> they need them to power all these model

you're doing what jensen huang said you are not -- said could happen.o not cutting back, you're getting better. >> absolutely. it also speaks to the credibility of sap that we are not only sharing with our customers how business will ai will help them to be more productive we're doing it internally at s.a.p. no matter if you are developing, we can produce code at a highly automated rate to increase productivity after 40 to 50%. if you are in sales and in preparing for customer meeting, there's automated content creation. there's helping to configure the ideal at the right time. if you're in finance or commercials, you actually can get help by screening contracts automatically with ai. we are infusing ai everywhere. this helps us to grow the business in a significant way while to your point we are keeping it flat. >> there's a pervasive sense it's come over because the stocks have been bad that ai is something that is fanciful. it smacks of fiction. i'm listening to someone who is a 700 billion cloud market, dominates so much of consulting in this countr

nvidia ceo jensen huang is about to give a speech on artificial intelligence at oregon state universitytori

it's not the fundamentals we heard jensen huang say, if only i can get anotheenough capacity taiwan semi. taiwan semi has some significant facilities in china. so that, to me, is the risk on any story that's in china. overall, it's still reasonably priced and, guess what, they can't handle the orders they get. i really like this one. it's going to keep going. >> you want it talk booking holdings, kari, target 4400. >> i think that's great. it's a stock we own, we like. i highlighted yesterday when i wrote my notes about what's going on in the market. this is a play on travel, and as we know, people are traveling more. the airlines are full. people are going all around the world, and the stock had a good year. it trades below market multiple. the baby boomers are just traveling constantly. they're retiring. they're going to keep traveling. i know this for a fact. i'm one of them. i think bookings is a great idea. >> seema? >>> in response to donald trump's legal team's request to further delay the hush money trial due to pretrial publicity, the manhattan d.a.'s office said the judge would

conference in june with a we might hear about new exciting stuff, and we'll see if management embraces jensen huang's vision pro as a tool for the enterprise, not just the consumer product that sits in your closet, as so many people are telling me. now in his keynote jenson did the unthinkable. he talked about doing business with apple. first thing about doing business with apple, you should never talk about the name apple. he has to be pretty confident of his stance. if he can get his verse stream to build digital twins of factories to help car dealers move product, i think apple sc streams back. we still own for it the trust. i still say own it, don't trade it. it's hard to swap out and swap in, all that nonsense trading. i don't like it, not one bit. short-term loser, long-term winner? i think so. third, there is intel, which could really rally seriously thanks to easy comparisons versus last year. on top of this morning, usb raised prices on very compelling but theoretical parts analysis. given it was down 12% in the first quarter, i wouldn't be surprised if it can bounce. the ceo demonstrated fl

listen to amazing discussion at oregon state with the president of oregon state you will realize by jensen huangthe most brilliant man in the world today, not -- >> not elon? >> not mr. 50, $56 million man. >> not any more. the compensation has come down to like 46 or even less given the decline in tesla stock prices. >> that's the problem in america. wouldn't it be great if he made 56. that's america. mr. handbag. >> i'm mr. handbag? >> mr. handbag. >> thank you. >> i'm bringing in michael kors tomorrow. you can see why the ftc is right on this one. >> jim cramer aligning with lina khan, miracles will never cease. >> khan, cantor, wu and cramer, attorneys at law. >> there's a firm, defenders. >> fighting for middle class accessible handbags. >> "mad money" at 6:00 p.m. eastern time as the s&p does reclaim 5050. don't go away. >>> good tuesday morning. welcome to another hour of "squawk on the street." i'm carl quintanilla with david faber and leslie picker, live at post nine of the new york stock exc exchange. sara eisen has the morning off. s&p working on its best two-day gain in a couple mont

much for that vision pro >> that's because they haven't made it a business-to-business play with jensen huang still keeping it as a consumer product he's talking about the dramatic cut. >> yeah. long-time supply watcher on apple says they have cut their vision pro forecast for the year >> look, like i said, the long knives are out for apple >> you made the point a few times. it's very expensive to buy >> we need to see -- it's business-to-business no, siemens could buy a hundred thousand of these. jensen said, look, it's a business-to-business product and apple doesn't necessarily, to my point, do business-to-business they like consumer but jensen says if this was a business-to-business, then this product would be amazing you would buy cars, carvana. you would buy homes. and that's what it's for but he doesn't think tim cook knows that remember, i got in a car that didn't exist i can got in a car that was a chair. i stepped out of the chair like it was a car i almost slammed the door on my fingers. >> would it have hurt? >> no, because there was no car. >> oh. >> are you able to step off the

this year's business leaders include nadella, mark cuban, ellison, and nvidia's jensen huang.he guest contributor writing about him says, "while most of the industry focused on making mobile devices, he recognized that delivering the most powerful chips would unlock the next wave of innovation. today, most a.i. models, everything from large language models to systems for autonomous driving to systems for science and health care, are trained on nvidia hardware. you can trace this innovation back to nvidia being in a position to design modern gpus and deliver them at scale." this is going out to a broad audience, jim, much broader than ours. >> they are now friends. they weren't always, but jensen can win over pretty much everyone, as we know from the "new yorker" article. i would emphasize there's a faux horse race. there's a belief -- like the other day, there was an article -- it -- meta would take every chip. what's happening is that they're all making alphabet, microsoft, they're all making chips in conjunction with nvidia, and nvidia's actually helping them, because nvidia

i know that jensen huang said if google's making a chip, i want to help. is that a reason to bail?ell, go ahead. i said it over and over again after the gtc conference, the stock goes now. now we're in the gtc conference. what a shocker? shocker. >> as for the mag seven overall, mentioned it at the top. alphabet, amazon, of course, all-time highs. alphabet is something of a surprise. again, i've made this point a number of times. given the existential crisis that lasted a week there for investors. >> and thomas curry is the star of the show. >> and the number of well-known pundits reflecting on social media for -- x, for example, about the coming demise or questioning its ability to compete or whether -- >> that got down to -- >> it might still have its monopoly in search threatened. >> it had the multiple in the french fry company, for heaven's sake. >> thomas kurian, of course, the -- yeah, they had their big -- >> that's a big get. >> yeah, that is a big get. >> if you're not respectful to kurian and you call him "tom"? interview over immediately. >> i'm not familiar with the ge

>> let's go over what jensen huang said to me. he said, listen, it's terrific that we're developing it, and we're working with them to develop it. one of the things we have to separate. amazon web services is very different than actual amazon, and amazon web services is truly built on nvidia. away from that, you have a lot of good stuff that amazon is doing. web services is nvidia. jensen is not -- you know, he always says, i come in peace. he said to me, i hope they do a good job. they're my customer, and we'll help them in any way we can. you can't get the chips you want from amazon. this is in many ways a defensive move. >> nvidia, not -- >> nvidia's out. they're, like, this blackwell's already sold through that they're coming out with september. >> they haven't even come out with it yet. they've got orders for blackwell. >> let's just understand that a lot of this is trying to help people who cannot get enough. if we had michael dell on right now, do you think michael dell would say, listen, we're doing pretty well, we got a l

when i listen to jensen huang, he's saying we don't need software engineers like we used to are you ableware engineers because you're talking natural language? why do i need code writers >> it's a great question we still need our engineers, jim, because we're going to be the defining software enterprise company of the 21st century. we've improved productivity by 50%, so you can say, do i need half the engineers no at servicenow, we say we need all the engineers and we're going to keep hiring them, because we intend to define the enterprise software market in this century and give customers an entirely new experience, and we want our people fired up, innovating at clock speed. >> okay. i totally understand that. and what i'm trying to do, again, is deal with the research which talks about how they did expect a bigger guide, and what you're saying, which would indicate that you could have blown the doors off, and i'm wondering whether maybe when we go to your big meeting that is upcoming, your financial day, maybe we'll hear what disappointed these skeptics, these analyst skeptics they may

actually, pretty terribly dilutive, but one of the things that jensen huang from nvidia told me is that&j wants to own the operating room, and this is perfect for j&j. they are filled with a.i. it's a very good move if you want to own the operating room. these guys bust, basically, hard arteries going into the heart. it's an exciting bit of technology. at the same time, j&j stock has been a horror show, and this will not help. people are going to say, what are they doing? they haven't been able to clean up the lawsuits with talc, and now they're doing this, and we're not getting our bang for the buck, and i do like technology. i know that they have a lot of really good a.i. in the operating room, but another $13 billion, and what's it going to get them? >> stock has underperformed peers lately. we'll watch that to see if this works any kind of magic. let's get the opening bell here at the cnbc realtime exchange. at the big board, it is jean maker levi strauss and company. and at the nasdaq, it's mexican hotel developer global investments. levi, we talked about earlier in the week. >> th

stock that has been down relentlessly since the gtc meeting, which is the big conference that jensen huangay. and remember, you're talking about a stock that was at $974 on march 8th and fell to the high 800s. it's been a terrible correction for nvidia if you're a big nvidia, came in for the conference. if you're a long-term holder of nvidia, you don't even notice the split. >> you're right. lam research, broadcom, all positive here. >> i like lam research, and i don't like lamb weston. anti-fries and pro chips. >> dow is up 272. let's get to disney hq where david, of course, has a very special guest. david? >> carl, thank you. yeah. i'm here on the disney lot or as mr. iger just called it, walt's house. it's good to have you, bob. bob iger, of course, ceo of disney. emerging victorious from a slug fest of a proxy fight. you won by substantial margins, but i do wonder, bob, 31% of shareholders did say they would like to have peltz on the board. do you listen in any way differently to that shareholder base? does it make you think about the things you've done any differently? all right. you