nvidia is getting a boost on the back of jensen huang's comments.aking with "closing bell overtime" and jon fortt about the blackwell chips. >> blackwell is as planned and the demand for blackwell is insane everybody wants to have the most and everybody wants to be first. >>> shares of levi's are falling after a bit of a mixed quarterly report the company cutting outlook for the year and says it is exploring a sale of the dockers brand. >>> bank of america is looking into the grlitch in the custome account. some said balances showed absolutely nothing in them shares of bank of america down .50%. >>> nikkei reporting that toyota will postpone the ev production in america to the first half of 2026 instead of late next year the automaker cites design adjustments and slowing ev sales. >>> and dolphins owner is near a sale for the company at a valuation of $8.1 billion. >>> here's what to watch today jobless claims ahead of the open and ism services data as we discuss constellation brands is out with earnings and fed speakers with jeffery schmit and neel

jensen huang is one of the most influential people in the world and he's a force of good. >> at the big and nvidia at the nas celebrating 25 years listed as huang does the honors. >> we talk nvidia, of course. amd yesterday had an important unveiling of a new chip. you talk about the unlimited need for these gpus. amd entering that market previously, now a launch to try to compete with blackwell. is there just a function that there's so much need they will succeed? what do you make of the negative response? >> last year, she did the same thing. five days later, the stock was up a lot. aws wasn't there. apparently. there was not a big presence for jassy that people were worried. she's doing a remarkable job. you want to own that stock too. she is, without a doubt, got the clear number two, not intel. i can't say enough good about her, and i can't say enough good about the next guest. why don't we get started? >> you want to do that? >> i really do. bring in larry fink, and i don't think people understand that we're now about to speak to the person who has more money under management than

. >> jensen huang is an alien. >> now, he's hardly.e's actually a renaissance man, not unlike da vinci, but i think what's interesting and i'm not being -- i'm talking about someone who is thinking so big within new york. >> i know, i know. >> nvidia is working on a sixth day higher, the first higher high since june, thank you, bespoke. i think jensen's wealth now eclipsing intel's market cap. >> he had a better year than intel. >> he sure did, over $100 billion in wealth. intel, obviously, below that. by the way, yesterday, microsoft azure tweeted it's the first cloud running nvidia's blackwell servers. openai also announcing as well, apparently, that they received some shipments. that's october 8th, nvidia has a third quarter that ends -- fiscal third quarter that ends in october, so that should imply, what, blackwell starts to hit this quarter? >> the yields are going to get better and better and they're going to produce a 99% of these things are going to work, right now, they do not have that kind of yield. david, what you missed i

they'll try to say they're developing their own chips and they don't need jensen huang. but let's say it could be disingenuous. how about that. i am indeed trying to discourage you from trading these stocks ahead of the quarter. [ buzzer ] it's just a roulette game based on nothing. often the game feels rigged. you just month don't know which way it's rigged because companies really and truly do not let this stuff drip out; because it's really bad to go to jail. jail, bad. bottom line, no on wall street knows what any of the quarters will look like except for the principles. so don't bother to follow the money that you see trading right now in anticipation. you know why? it's a fool's errand. chase in south carolina, chase? >> caller: boo-yah, jim. how you doing? >> boo-yah. i'm good, chase, how about you? >> caller: it's a great day in the state of south carolina. all the quick question about honeywell and been a long-time player in it. and a holder in it. it's done very well and would like to get your thoughts on its recent taitt in the marketplace. >> well, it's been

. >>> coming up, jensen huang weighing in on a new a.i. partnership.y about the tech teamup and where idnvia could be headed next "fast money" is back in two. in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. so, the question is - cyber attack. as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. the only network with built in security controls. chip? at&t business. let's say you're deep in a show or a game or the game. on a train, at home, at work. okay, maybe not at work. point is at xfinity. we're constantly engineering new ways to get the entertainment you love to you faster and easier than ever. that's what i do. is that love island? >>> welcome back to "fast money. nvidia announcing it is teaming up with accenture. jensen huang was on "overtime" last hour, talking about the next wave of a.i here's what he had to say. >> this is the -- now the beginning of a new wave called enterprise a.i.,

a couple of weeks, we were seeing a lot of volatility jensen huang talking about the moat and boom. >> the word incredible is not be exactly a number, right? i think what we are seeing now is the fact that people love jensen and there are not a ton of great places to put the money. you have indexes that you have to buy when the stock goes up. for nvidia, tit is the index. there is not a lot of news here. i think people are excited by his comments even if the chips are behind timing. there is demand for them. remember, their customers are forced to buy the new chips if they want to stay in business with nvidia. for right now, you have to stay in business with nvidia. i think that changes in a couple of years. until we get there and other chip designers doing similar things, i think nvidia will continue this massive lead that does make me a little nervous because i think it is is frothy with the pe ratio. >> you think it is frothy. shares up double digits this month alone. i want to does scarlett johansson yto ask you about beig behind with the chips. what about the rollout? it was a ni

the boss of nvidia jensen huang is in india, and has announced a slew of deals with several indian companiesincluding reliance group, run by asia's richest man, mukesh ambani. our india business correspondent nikhil inamdar has all the details from mumbai. nvidia said it will supply its processes for reliance data centres and announced a tie—up with other indian companies. they are looking to expand their cloud infrastructure in india. i hope to partner with all of you to enable india... the nvidia bossjensen huang was attending an ai summit in mumbai and said he believed india would become one of the largest software outsourcers with artificial intelligence exports going forward. one of the greatest advantages india has is a large population of users. so now you have the fundamental ingredients, ai, data, and ai infrastructure, and you have a large population of users that ultimately creates your ai flywheel. he said his company's revenues from india were small right now but its hopes for the country, which has been trying to develop a nascent chip—making industry, were large. the company s

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. >> don't miss nvidia c ceo jensen huang. definitely don't want to miss p) - [narrator] this is my coffee shop. we just moved into a bigger space, brought on another employee, and ordered new branded gear for the team. it was so easy. i just chose my products, added our logo, and placed my order. bring your own team together with custom gear. get started today at customink.com. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. >>> still on edge a bit as investors looked at the middle east. joining me is lauren goodman. welcome back. >> thanks for having me. >> how are you feeling about the markets as this quarter begins? >> i anticipate on a six-month basis they have room to run. it's a constructive risk asset scenario. that said, the economy is walking a tight rope. not teetering on a recession but a real balance between overheating and the marke

at a summit in mumbai, jensen huang also spoke about what india's ai future might look like as he launcheddar, sent us this report from mumbai. nvidia said it will supply its ai processors for reliance's data centres and announced a tie—up with other indian companies, like tatar communications, tcs and infosys, who are looking to expand their cloud infrastructure in india. so i hope to partner with all of you to enable india... the company bossjensen huang was attending an ai summit in mumbai and said he believed india, which is one of the world's largest software outsourcers, will be exporting artificial intelligence going forward. one of the greatest advantages india has is a very large population of users. so now you have the fundamental ingredients — ai, data, and ai infrastructure — and you have a large population of users that ultimately creates your ai flywheel. mr huang said his company's revenues from india were small right now, but its hopes for the country, which has been trying to develop a nascent chip—making industry, were large. the company said it would be rolling out a hin

the boss of nvidia jensen huang is in india, and has announced a slew of deals with several indian companiesvidia said it will supply its processes for reliance data centres and announced a tie—up with other indian companies. they are looking to expand their cloud infrastructure in india. i hope to partner with all of you to enable india... the nvidia bossjensen huang was attending an ai summit in mumbai and said he believed india would become one

can set a lot of the guid guidelines openai can't invest in everybody else, jensen huang has to decide who to give the chips to with the demand >>> shares of levi strauss are falling hsharply. beat expectations by two cents the comp the c the company trimmed revenue guidance a big drag on the results is the dockers brand. sales fell 15% the company is now considering the sale of the brand. it tapped bank of america to lead the sale process. shares are down close to 12% >>> now toyota is the latest to push back the production of the electric vehicles in north america to the first half of 2026 amid slowing sales according to the report from the nikkei news service. plans for the three-row electric suv in kentucky in 2025 have been delayed several months. the delay due in part to ad adjustment in the vehicle design the report says toyota canceled plans to produce electric suv under the luxury brand in north america. it will ship finished vehicles to north america from japan which will be tariffed maybe. >>> a new report in the wall street journal reports that elon musk's financial

jensen huang is a brilliant man, but he's also benefited from the fact that he happens to be at a company place at the right time. >> right. we should differentiate between founders and people who have grown up in corporations and become ceos. the once that have grown up or come into the institution laterally, i personally think they have learned a lot of the skills along the way. they have learned to have bold vision and direction. they have learned to be excellent? resource allocation. they learned how to shape culture, how to mobilize teams. they learned things on the job, engaging the board, managic stakeholders, so i think it's more people actually grow up and hopefully are groomed for the role rather than just landed in it by accident. >> really quick last question, one of the most controversial ceos is sam altman, what grade would you give him? someone who was kicked out just to return a few days later? >> i would love to be able to answer that question. i just don't have enough insight to give you an honest answer on that one. >> fair enough. i don't think anyone does, actually. >

. >> jensen huang and jewel lee sweet will be on. >> china, wow, stocks red hot.he hang seng is up 25% the past couple of months. >> wow. >> kelly, 30 seconds. what do we make of this monster run in china? >> it depends who you ask. if you ask david tepper, a lot. if you ask stan druckendruckenm you don't make much. >> that bet he talked about on "squawk box," if he could get his carolina panthers to perform like the hang seng zsh. >> he came on after they won. >> won singular, one. >> the trade move he made on this alone has -- is all the buzz. >> what has two thumbs and will be back with you tomorrow? >> you. thanks for joining us today. it's been fun. thanks for watching "power lunch." "closing bell" starts right now. >>> welcome to "closing bell." thank you. i'm scott wapner live from post 9 from the new york stock exchange. what matters most to the markets. earnings be, elections, geopolitical uncertainty or t the -- it's tough to get stuff going. maybe we're looking ahead to the jobs report. we are lower there. we're headline driven. we have the jobs report

and let professionals take a look at it, we won't really know given what's going on and i think jensen huangpoke about it it's the biggest wave of a.i. yet. this is not the only type of company we will hear about it's a well regarded one that seems like a big number it seems reasonably well justified. there are investors paying attention there. they made mistakes in valuation before, but certainly what chatgpt has done and how quickly it became for a.i. is remarkable and that will continue and this justification or valuation is justified and might seem cheap if they deliver on the promise they have. >> let's talk about a.i. and pro broader tech with leadership in the u.s. obviously, it's lost the crown we see financials and utilities taking leadership. that's good. that's, in a way, what we want we want the broadening out of the market leadership here what does that say, though, about the staying power about the rally, alex? >> i think that one sub sector and let's not forget a.i. is a sub sector and broken into comp services and other handful of sectors. it doesn't have to be the dominant a

goldman sachs hiking nvidia price target after the meeting with executives and jensen huang. >>> banksitioned to capitalize on broadcom. >>> another top pick call is morgan stanley on atlassian with a broader product portfolio and derisk of 2025 estimates. >>> time for the global briefing. bang of korea cutting for the first time in four years. in a statement, the bank said domestic demand is slowing down. it says there is room for additional cuts as it is showing signs of stabilizing and the housing market is slows down. >>> uk returning to growth in august. gdp rising by .2%. brin >>> the chinese finance minister is hold ageing a briefing tomor an announce a stimulus plan. china will deploy $200 billion to shore up the second biggest economy. >>> coming up on the show, one word that every investor needs know today and a pair of big banks are set to report this morning. the key sectors set this morning. we'll be right back after this break. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can

it's not just jensen huang and then nobody.ould you make the case that, actually, you are a strong number two and getting stronger? >> yeah. absolutely. look, i am a huge believer in a.i. this is really the beginning of what i like to call an a.i. super cycle. we believe a.i. is going to be in every aspect of computing, whether you're talking about the large clouds, enterprises, you're talking about the edge or you're talking about pc clients, and you need all different sizes of compute for that, and that's exactly what we have. we're at the beginning of the cycle, and as we said at the top of the program, we started with our mi-300 a.i. gpu just about ten months ago. we announced it in december of last year. we said, hey, we think revenue will be about $2 billion, and we knew that this is at the very beginning, but we have had just incredible partnerships across all of the cloud, the largest hyperscalers. we made great progress with meta, with microsoft, with oracle, with a number of a.i. players, and we're going to continue t

and jensen huang to me in terms of a partnership they have? >> i don't know. carl, any guesses? >> coca-cola >> really? >> james quigley you probably heard about that on the ten. they have a dtc strategy it's not going to be in your documents. this is my own work. >> i'm just looking at earnings. >> there was weakness in india weakness in china. there is monsoon season in india that did depress sales and that's what's going on. >> we're talking about coke now. >> we put up nvidia. >> carl, this is one where there's profit taking because of weather. i think james quincey is terrific and he's on the 10:00. i won't be here because i'm going to edison. but then i'm going to chevron and doing my show on the oil rig. >> is that tomorrow? when are you doing your show on the oil rig? >> i don't know. maybe tomorrow. >> where >> in the middle of the gulf of mexico. >> when are you leaving? >> tonight i'll be there tomorrow. >> be careful out there. >> 90-minute chopper ride. they got me fire retard ant clothes yesterday. >> i walked around those looking ridiculous myself. >> thank you, s

we heard from the ceo jensen huang who spoke in the summit in india reearlier today and expand on a.ie next generation is producing and delivering a.i as you know, the delivery of software coding and delivery of a.i. is fundamentally different. dramatically more impactful. insanely more exciting the ability for this industry for india to help every single company around the world to enjoy the benefit of agents and to enjoy the benefit of a.i. across all of the different functionalities and to be able to deploy it at scale, i don't know anybody else who can do it. >> intel shares are ticking higher in pre-market strtrade ae the european court of justice moved in the favor of the company. the eu commission imposed a $1 billion fine in 2009 accusing it of giving rebates to a number of computer makers and attempting to block rival amd from gaining market share. >>> the irish government is set to receive a $14 billion tax windfall from apple after the court ruled it gave them tax benefits which were illegal under the becloc rules. karen had a chance to speak with the imf director and asked

i also thought there was much more to jensen huang's fireside chat in india. have the catalyst that the others have, but there are -- i have hpe on this week. hewlett packard enterprises. >> oh, you have antonio. >> his story is about how he works so well with nvidia. nvidia needs help to get in. so -- but anyway, right now, nvidia doesn't have a catalyst, so -- >> no, other than jensen is everywhere all the time all at once. >> he's amazing. >> he's -- is there any podcast he hasn't been on yet? >> was he on joe rogan? >> i don't know. has he not been on joe roeng? >> maybe. >> i don't know. >> the kelces? jason kelce? >> they have a podcast, right? >> top-rated. >> he hasn't been on with them either? >> i drink campbell's soup because of jason kelce. >> you're easily influenced. >> of course. i'm just -- you know, whatever i see last, i buy. >> that's true. whatever thought in your head was last is what you tell us. >> touche. >> queens. philadelphia. there it is right there, right? mets beat phillies. >>> nice opening gain here. dow is up 300. every sector

jeff bezos has funded an infusion company and jensen huang has called neutral an integral part of thethe friday hindustry hopes goog funding several will send an important signal and lead to more demand and buildout. >> thank you. >>> brian moynihan joins us next with that stock higher and financials in the lead in today's market. despite some big losers on the dow. united health, we'll talk about that as well, shaving 318 points off the dow. don't forget, you can catch the 10:00 a.m. hour of "squawk on the street" any time, anywhere. listen to and follow the "squawk on the street" podcast. it's available on spotify, apple music and more. wee ckn mont'rba ia me. - [narrator] this is my coffee shop. we just moved into a bigger space, brought on another employee, and ordered new branded gear for the team. it was so easy. i just chose my products, added our logo, and placed my order. bring your own team together with custom gear. get started today at customink.com. >>> welcome back. i'm silvana henao with your cnbc news update. lawyers representing survivors and family members of maine's

are grouping themselves with the kingmaker in gen a.i., nvidia about a week ago on a podcast, jensen huangned nvidia as a 50,000 employee company with 100 million a.i. agents as we get into tech earnings, look out for mentions of agents. benioff mentioned the word more than 60 times on the last conference call. that may be the start of the trend. to be clear, though, agents are not new. we've been talking about this since we saw -- before we saw new features from devices from apple and google and pixel and samsung, but they may be the new wrapper for enterprise. >> the posch is up 22% year-to-date and microsoft shares are up less than 11%. >> they have to do something different. agent could be it. >> thank you. >>> coming up, 15 days away from election day and both candidates are getting a boost from billionaires in the home stretch. we'll have more on that after the break. >>> here's your last look at our mystery chart. a couple people have already guessed it a name wolf research says stands to benefit if trump wins the white house back it's not djt, that's too obvious. the reveal after t

jensen huang saying demand for blackwell is insane. >> yeah, that word stood out. he's created -- not monopoly, but a very strong number one position in chips, and the second is, managing the stock. which he's just extraordinary at, i think. so, we're not going -- as you said, late november, i think, we're going to see earnings from them, but i think, you know, all this money going in, we have openai, just money just pouring into the space, and where does that money go once it gets into the space? you got to buy chips. or, maybe, you can make your own. we saw last week's ipo -- >> right. >> so -- is it -- cerebreus, that's what it is. so, it's taken awhile. it did touch 140. i don't know, maybe it gets back there, but i have to look at selling some upside calls. >> 140, it hit on june 20th. >> seriously? >> record high and closed on lows. so, that was a day worth noting in the record books. so to speak. >> pay attention, cheape est thg you can do. and the same thing we saw on march 8th, if you remember. the stock made an all-time high, an agengulfing pattern. steve

we will see you next week, that's for sure. 3, 22, 1, the market's open and look who that is, jensen huangthere in person pressing the button, ask and the market is now open. the dow actually has opened with an 80-point gain. there's obviously some buying for the dow 30, more green than red in those 30 stocks. s&p 500, straight to a 100-point gain for the dow. the s&p 500 is down a fraction. i call that dead flat. the nasdaq composite, where's that going this morning in the early going? it's down about one-third of 1%, down 65 points. big tech, where are they today? we have a list for you. amazon, apple, meta, microsoft, alphabet, they are all, every single one of them, down in the very early going. now banks, they kicked off the earnings season. some of them reported first thing, this morning concern first thing this morning. jpmorgan, the stock's up, taylor. >> this is the biggie, right? the bellwether for the economy, and they're doing very well. a surprise net interest income gain, the difference between what they earn in loans versus what they pay out in deposits. they said even thoug

jeff bezos funded a fusion company and nvidia jensen huang called nuclear critical to the future. >>t in my backyard lessening? >> there's two factors. on the front, nuclear power is now at the highest level in more than a decade. a lot of that is coming from millennials and gen z. you look on tiktok and instagram a lot of prominent backers because they don't have necessarily the same association of what can happen with a meltdown. on the regulatory front, that still is a question because these smrs the future of the small modular reactors still have to get the permits from nrc. they have a demonstration project they're building in tennessee but not the full scale project yet. >> like a proof of concept project or more than that? >> it's more than that. so they're building it and the nrc approved it and nrc approved bill gates company, the construction permit but not their nuclear reactor permit yet. so this is a long timeline, 2030 at the earliest. >> you have ai fuelling the need for more power but you also have electric vehicles, which certainly are going to be a part of the futur

in that period of time you've had nothing but jensen huang going around saying demand is insane, he'swe have we're not going to be slowing down in terms of bidding for every nvidia gpu that's an interesting phenomenon it's almost like, hey, tesla -- i don't want to say tesla, gm and ford, but it's a singular story. >> how are you thinking about how the market is thinking about the election >> everything in recent leadership in yields and banks and cyclicals fits in with a higher odds of a trump or republican win the economy quickening its pace and like the fed will cut into a decent growth case i do think it's trading along the lines of it seems more likely it's a different setup >> they're fired up down there, jon rahm is up on the podium i'll send it into "overtime. >> that's the end of regulation. ringing the closing bell at the new york stock exchange, aspen technology at the nasdaq the stocks finishing mixed, yields moving hiler ahead of a huge week of earnings. the only s&p 500 in the green. the action is just getting started. welcome to "closing bell overtime." i'm morgan brenn

stuart: jensen huang said the demand for the blackwell,s the new chip, insane, he says.eah. and production is -- >> and everybody wants one, everyone needs one, that's the issue. stuart: i've got an interesting story here. a body language expert wrote a piece in politico. he went after j.d. vance's beard saying it can't convey, quote, aggression and opposition to feminist ideals. he then praised walz for his wide eyes saying it revealed his, quote, emotional intensity. mary katharine ham, we need you. your thoughts, please, on beards and wide eyes. [laughter] >> i have thoughts on this. the idea that the demo of, like, sort of 30s and 40s suburban female voters is against beards is disproven by every man in my neighborhood. [laughter] because every husband here has been instructed to grow a beard. it's nonsense. the wide eyes thing is an attempt to, like, just make up a way that tim walz could have been successful that night when he just truly was veried bad. and this is a deeper problem which is somebody who's, like, an expert, quote-unquote, using their expertise to ma

the market really turned positive when jensen huang went out and said for every dollar somebody spendscrosoft or google or amazon on a nvidia gpu, they can turn around and rent that for $5. so this profitability in the a. i. trade is here, and it's the here in a happened over fist type manner -- hand over fist. and on top of that, you know with, you were just talking about the polling for the election. i don't think the analysis is correct. donald trump the has moved over 8 points in the real clear polling average. of course, he lost the popular vote in the last election by 4 points on a razor thin electoral college margin. this election is not very close. the republican trading baskets that ubs and goldman have are hitting all-time highs, so i think there's a great degree of optimism around that, and clay travis just mentioned the betting markets are now at kind of the widest gap in the polymarket of trump versus harris. so i think that's what the market's betting on. i think that's a lot behind the breadth we're seeing in this overall rally. stuart: it's remarkable, the relationship

you can devour video that's a clear sign nvidia's jensen huang is at work here in a year where the government wants to stamp out corporate dominance feen that comes at the expense of our amusement and our intelligence zuckerberg can't simply crow that we own the consumer don't come near us because we will outspending all that does is give you a one-way ticket to the justice department for a beating by the figurative rubber hose of antitrust. dominance. dominance, whether it be in the enterprise or consumer, costs a lot. but it's good to be the king speaking of internet royalty, amazon reported a strong quarter after the close. sizable revenue beat paired with a monster earnings beat. even though the revenue forecast for the current quarter fell short of expectations. i'm sure someone will freak out about that their operating income guidance was excellent because they've been very disciplined about controlling expenses till the stock caught fire in after hours spending amazon is spending like mad. why? because they want to dominate retail whether it be prime with advertising. along with that d

>> well, let's just go back to what ceo jensen huang said this week on cnbc, he said the demand for theirs: insane, yeah -- insane. i did hear that word before in a commercial. i had fun with this. before you were born, there was this retail outlet called crazy eddie, and the guy used to come on tv and say, our prices are insane! then they went out of business -- >> i think it's a different kind of insane. [laughter] charles: okay. is he laying it on too thick? >> i mean, we can talk about nvidia, i think, we're still early innings in the -- i think a.i. is technology that's going to have very deep and long-lasting impacts for many years, and nvidia's going to be one of the prime beneficiaries of that. but i think stepping back, i was watching one of your earlier guests talking about the magnificent seven talk about being kind of long in the tooth in that reality. i think -- i would actually defend a lot of to those stocks. i think nvidia included, and maybe let's remove tesla from the conversation. we can call it the six-pack. charles: right. >> these are companies with really strong rev

. >> everybody watches jensen huang. he popped by the set of "squawk box" -- >> that was worth $10 billion, $20 billion. >> obviously. but he also talked about the moat they have around inferencing, which had been the skeptics case, the bear case around nvidia, that they don't have that advantage there. and the software isn't the moat isn't that it should be. he addressed that directly. >> talking about this chip having 30x the performance. a lot of these companies have built these huge clusters, they have already done the training, so, they have to put this in place and get the mass adoption of these products, not just in the enterprise, but also the consumer. i was talking to "fast money" friend gene munster earlier today, and one of the reasons he thinks there's another leg to this is that folks are starting to look at next fiscal year and they're saying that 40% or so, m mid 40s earnings and sales growth is something they are likely to hit, possibly guide higher. two years, cone census is calling for 20%, and he thin

nvidia's ceo jensen huang, wei says the demand is real and i believe it's just the beginning of the demandbingo. there it is. asml, an equipment maker that gave you a sob story about the whole industry the other night with the inception of ai. taiwan semi is on the -- as wei said, quote, we have our real experience. we have been using ai and machine learning in our fab and r&d operations. by using ai we are able to create more value by driving greater productivity, efficiency, speed, qualities." he goes on to explain that taiwan semi's customers would say the same thing. what a contrast to the lame asml call that caused so many people to panic and once again revved up the chip obituary machine. here's how i look at this business. it's their job, their being everybody else, to get you to trade the semis. it's my job to get you to own them. but there are plenty of moments of doubt. when i read the tweets from salesforce ceo marc benioff chiding microsoft's co-pilot for being second rate i thought maybe ai's all for show. when i see a chatgpt entry for smith know and the darn thing's complete

. >> that was nvidia's ceo jensen huang making a surprise visit to the "squawk" set last friday. run over the last year, up nearly 200%. its market cap topping $2.3 trillion. joining us with more is ben, mellist research head of technology research. ben, you say that when you reiterate your buy rating on this, you get a lot of eyerolls. what do you tell the skeptics who are doubters? >> well, this is like when apple did the iphone and if you gave up on apple in year two or three of the iphone you missed a lot. so this is really in the beginning, and what people, you know, really are skeptical about is the size, and they're already a huge market cap here, but there's still room to go. and, obviously, jensen running around new york meeting investors all over the east coast, he's got a lot of good things to say and i think you should listen to him. >> nvidia, you actually say is your second cheapest stock in your group. how do you look at it on a p/e basis? >> i look at p/e to growth and there's a ton of upside next year to our growth estimate and revenues of 40%, but there's upside

. >> well, his robot strategy is one that i know jensen huang agrees with. nsen is in town this week, ringing the opening bell on friday at the nasdaq, and i would tell you that if he can get into austin and atlanta, like waymo, it's off to the races. off to the races. and i didn't even talk about starlink, which is just so fabulous. >> that's something else. we'll be watching it. huge story all week regarding autos. we'll get cramer's "mad dash" and countdown t oni tohepeng bell on this monday. busy, busy week headed our way. stay with us. al markets. if we focus on the mortgage market and follow the life of a loan from origination right through its pricing in the capital markets, our data science capabilities can provide a deep level of insight. at ice we have extensive data sets, especially around three pillars. the property, the mortgage and mortgage performance. this trifecta of data and its history is a bit of a data scientist's holy grail. ♪♪ ♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door.

. >>> later today, don't miss a major interview with the ceo of nvidia, jensen huang, and jue li sweetng a new partnership. partnership. that's comin with gold and copper prices pushing towards all time highs, us gold corp. eastern time u.s. gold corp has a reserve of almost 1.5 million ounces of gold equivalents. permits to mine zero debt with only 10.73 million shares outstanding and a portfolio of world class american strategic metals assets. u.s. gold corp, join the golden age. >>> we continue to monitor the port strike, of course, day two. we're looking at one sector that could see a brief bump, at least from the fallout of the strike. diana? >> we're talking warehouse, and i would emphasize this is a short-term play. it all changes if the strike goes long term. for now, warehouse will see more demand and pricing power as tenants need workarounds for goods in containers, this according to a new report from piper sandler. what are the names to watch? let's start with lineage logistics, it benefits from increased demand to manage food inventory in the case of port disruptions. you m

it went over just like my joke with jensen huang. super funny.ing on the inside. >> we all do that with you a lot, jim >> don't tell me there's more music. is there any show? is there any show? a nasdaq company? i mean, no. no. we'll just, like, whatever. >> for jim's birthday, no breaks. how about that? >> oh my. >> that would be the best gift. >> and you and i will not talk at all, just let him go. >> why not? >> you can turn to me, but i won't say anything ever. >> do you know how good the jets have become? even though you had a loss last night. >> finally, we get to football. wait, the jets, davante adams has made them a better team? >> that's one of the greatest pick-ups ever. >> the two of them together is going to be fun to watch. >> it's going to be great. we're 2-4. we had 12 penalties against the bills. our offensive line can't block. >> eagles, taking giants. it's all legal now. it's all draftkings, a nasdaq company. >> cramer's "mad dash" and the opening bell after this. ♪♪ data science can help address some of the biggest challenges

nvidia's jensen huang was on "overtime" yesterday, has struck this deal with accenture, is pushing further and then industrial ai and really sort of creating this i think as the two ceos called it connecting fabric to connect nvidia's bigger stack and software stack with the companies that are going to be looking to deploy these ai capabilities, so how quickly does it happen and with nvidia pushing further into that, how does competition with megacap tech names and others now continue to change >> consumer ai is going to happen quick because if we look up a recipe or a on a device, ram fictions are big, right? if we get the wrong information, jeffries put in the wrong information because a.i. told us to, they'll go to goldman sachs. i think enterprises are taking it slowly, taking test pilots very slow, on-ramps onto these a.i. journeys. i think ultimately we're, as they say, we're all going to underestimate the long-term, we're going to underestimate the near-term -- overestimate the long-term opportunities. jet lag. clearly, it's going to take time it's going to take time for this to pla

right when asmlf was going, putting nvidia in its place, jensen huang was speaking, right then, and hisuote is, "we would like to achieve super human productivity." this is at a lenovo smarter a.i. enterprise conference and i thought it ironic. he's taking over the world but also being taken down by asmlf? i don't know. i don't know. how was -- how's samsung doing? >> stacy rasgon, who is -- asml is not necessarily the best read across given their expertise and lumpy revenue profile. goes on to say, "nvidia, broadcom, amd all broadly sold off in a move that's potentially overdone." >> thank you. look, he's good. i guess he's owned by no one. >> well, they don't have a banking business at bernstein. >> that's right. panic from two companies, carl, asmlf and lvmh. i guess they use initials over there. were so difficult to try to read through, but then you get down to lvmh, 16% organic decline in china. that's hard. >> that's in asia, x-japan. >> that's hard to do. you have to work at how pbad -- you have to sell no cognac before its time. you have to say that christian dior was a knockoff

i was with jensen huang yesterday. mean, he's trying to make it so that blackwell burns less but these places are just -- what larry ellison is doing is nothing short of needing all three three mile island to open. >> we come back to a time again and it's going to be so interesting to watch this over time. of course, as well as -- now, that said, they are not -- their power supply is so close to their datacenters that, you know, and they are basically dedicated for or will be the power fully, so that's not really necessarily going to be hurt in a natural disaster of some kind. but you're right. the power needs, even with the increased efficiency of blackwell, and, by the way, the increased efficiency of the next chatgpt, the usage expands even more. >> yes. >> and so, you ultimately have even more need for compute, hence even more power needs. >> i'm glad you mentioned that. >> this is where it's all -- this is -- i mean, the infrastructure, bankers, lawyers, the financiers, they are flat-out working on these kinds of

. >> jensen huang is a wonderful billionaire.smart, no acting. >> i wouldn't describe him as a billionaire. he's a centi-billionaire. >> he hasn't changed his leather jacket. there's been no upgrade. >> i'm glad you mentioned him, because it's been 44 minutes. >> david, it's the greatest stock of all time. if i want to mention it -- i've let you mention, i don't know, the what is it you talk about? whatever. >> there are -- there are guys at fraternities who watch us in the morning who have a drinking game going, and if you don't mention him, they're not having a drink until 9:40. >> they have to get to class, jim. >> do they drink pump kin ipa? it's like cereal. pumpkin beer. what is that? no, thank you. i like bud light. i do. >> really? >> i like corona light. >> is that a political statement? >> no, i've always liked it before it all happened. and my wife -- >> when things were normal. >> isn't it crazy you can say what beer you like? >> that's unfair. >> say what beer you like, and it's like, oh, what do you think? >> we're

. >> that's what machines are meant to do as jensen huang said, anything we can do they can do better nice reference. >> thank you very much. >> saturday are you going to be sitting there watching your phillies lose to my mets >> i was -- yeah kind of. >> five games, by the way. got that wrong >> bryce harper will be sitting there. or maybe -- i don't know -- maybe i can get wheels for you one time. >> lenny dykstra >> no. wheeler. not lenny. now you're getting me in trouble. >> good luck, gentlemen. we will see you this weekend "mad money" tonight at 6:00 p.m. eastern time >> play for us it's true. >> goldman's jan hatzius on the jobs number. don't go anywhere. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash pay

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jensen huang was building that for over a decade or longer.job at corning for over 20 years. this year has been phenomenal, over the last year the stock is up 83%. this year to date, up 60%. what would you compare this to and what you've seen over your more than two decades at this company? or what you see in business overall? >> well, if you can get positioned behind the right secular trends, you can have super powerful growth cycles. and what we're seeing right now is a convergence of both cyclical and secular trends is what is driving our growth. gen a.i. is a secular trend, but not the only one we're seeing. and so if you patiently invest, build the right innovations, do the right thing, get the right products, you hit the trend right, you can have a very, very good set of years, and that's what we're aiming at. we're only three-quarters in to a three-year growth plan and i'm delighted with the stock. >> where is all the stuff manufactured? >> in the -- it depends on the piece, but the bulk of it is manufactured in the united states. the t