future with spy, the world's most traded etf. (♪♪) >> welcome back to mad money with the nvidia ceo jensen huangr science. what are you doing to democratize this world? >> we will make computers smarter so that they don't have to learn computer science o program a computer. the computer should understand what we want and what we intend . >> you say these help you build a factory that could make he best cars. >> it surely will help a lot. the reason for this is because you give this a plan, you tell it the type of parts you'd like to put into it, eventually the factory will be a robot that is orchestrating a bunch of manufacturing robots that are building cars that will be robotic. >> why do robots look like people? >> robots look like people because of a couple of reasons. the first reason, the most important, we built the ruled for ourselves so the workstations of a factory and a manufacturing line of a factory were created for people so that's the most important reason in the second most important reason, we have to teach the robot how to be a productive robot. you need data for that so we are

that jensen huang is talking about. so the app companies are going to have to evolve.still need it. we still need the data fabric from companies like snowflake. but the app ecosystem, nobody really loves using their business application. we use it because we have to. but the data there is really important and having that data being accessible and then utilized in a way that's meaningful and can generate actions through agents is the exciting future. these companies will have to evolve or we will see new companies rise. >> let me get you to tie it off. if i heard daniel correctly, he seemed to say the question is can the big companies like the microsofts and others continue to spend at the 50, $60 billion run rate that they are doing now, or can they afford not to? >> they can eventually afford not to. they will look at the roi at some point they have to stop, right. so many of them have been increasing. right now with the latest report 50% of data center revenues came fra cloud service providers. that's great. it's driving so much demand for nvidia. at some point these

jensen huang joins "the claman countdown" in a postearnings broadcast exclusive. so, yes, nvidia definitely stealing the spotlight and that's probably fine with target. the big box retailer is tanking 221 plus percent -- 211 --211 after -- 21 after posting it biggest earnings miss in two years and putting out a down beat holiday season forecast. it's dragging down shares of other retailers, dollar general, five below, you can see may i's, kohl's, even amazon. everybody is lore. so walmart, all day long it's kind of bucked the trend here. not by a huge amount, just a fraction. at least it's in the green though. not only is it continuing to grab market share, it's growing a whole new class of higher-end customers. shares right now stand at $86.74. this week it has gained about 3% after the company hiked its outlook for the third consecutive quarter. how is walmart doing that when target, which is sort of its biggest rival here, is doing the opposite? walmart's chief financial officer john david rainey if is about to tell you when he joins me live in a fox business e

over injapan, nvidia boss jensen huang is speaking at a fireside chat with the chief executive of softbankroup masayoshi son. the two companies piloted the world's first ai 56 telecoms network which can be used by autonomous vehicles. nvidia has been hosting a summit focused on japan's ai been hosting a summit focused onjapan�*s ai ambitions. last month the american giant because they're similar summit in india. mario morales explained why they are focusing on asia so much. they are looking for other markets to democratise, if you look at what is happening around the world in the space you see a lot of export control and regulation being pushed on china and that is having an impact on nvidia, so they are looking for new market segments where ai is just at the starting point and japan is definitely prime for that, especially because japan has a rich history in high—performance computing. that bodes well for the opportunity for al in that space. we saw another ai summit by nvidia held in india last month, are these the two countries the main focus in asia when it comes to development? around

are paying particular attention to revenue coming from blackwell ai chips, with chief executive jensen huang—up is in full production. the chips were meant to be shipped by end ofjuly, but were delayed due to design flaws. here's tech analyst kirk boodry, wih his reaction to this latest earnings report. the first point is that the revenue growth is quite healthy. i know the headline numbers, when you look at it on a relative basis, have been coming down. 97% this quarter, 72% for the fourth quarter. but the absolute change is in tens of billions of dollars when you look at the growth year—on—year, and that hasn't changed very much. what do you make about this report about these blackwell chips that have been overheating? we've seen nvidia's stock price take a bit of a hit today. your thoughts on that, do you think it will have an impact, going forward? there is going to be volatility in the near term, for issues like this. it's a new product cycle, there's always kinks that need to be worked out. whether you can get all the components — in this case, server design — you need to make sure eve

jensen huang is the ceo of nvidia.y to you is right now, it's celeboperating at abo fifth grade level and it's eventually going to be through college and then through graduate school, and that's what these iterations are. i think if we had mark zuckerberg here, which is highly unlikely, but believe me, i'll do my best, i think he would say, look at meta a.i., which is going to be the number one, not chatgpt. it is so suffused with video, carl, so exciting. a lot of times i find myself with time to kill, i put things into meta a.i. to see how much smarter it is than three weeks ago. as much as i like and respect the work of mark andreasen, you should be using what mark zuckerberg has done with the latest and greatest gpus. amazon feels the same way. >> good old warner bros. discovery. >> let me get that out. >> it has 40-plus billion in debt. its leverage ratio, now, by the way, down to 4.9. >> how about they bought some debt back? >> i think $900 million during the quarter. but the stock is up not because of the perfor

over injapan, nvidia boss jensen huang is speaking at a fireside chat with the chief executive of softbankup masayoshi son. it's part of a two day artificial intelligence summit that nvidia is hosting — focused onjapan�*s ai ambitions. last month the american giant hosted a similar summit in india which followed a partnership with reliance industries to help build the country's ai infrastructure, the year before. mario morales explained why they are focusing on as you so much. they are looking for other markets to democratise, if you look at what is happening around the world in the space you see a lot of export control and regulation being pushed on china and that is having an impact on nvidia so they are looking for new market segments where ai is just at the starting point and japan is definitely prime for that, especially because japan has a rich history in high—performance computing and that bodes well for the opportunity for an ai in that space. opportunity for an ai in that sace. ~ opportunity for an ai in that sace, ~ ., ., opportunity for an ai in that sace. ~ ., ., , _ space. we

it's really about blackwell ramping and hopper still growing, and i don- you know, yeah >> julie, jensen huang has had multiple opportunities to sort of talk down blackwell, talk down the demand, talk down the production issues, whatever the, and not one opportunity was taken. >> yeah, it sounds like he's very, very confident about the outlook. i think it's interesting to me in reading some of the research reports we've been talking about, i read one today, we expect them to beat by their usual $2 billion on the top line, which is an astronomical number to beat by. i could only dream, right? what is important is what everyone is saying which is this relationship between expectations and execution, and so far they have been on the right side of that battle between those two, but when you have analysts just so regularly expecting this big beat and raise, it does create this challenge, this tightrope walk that they have to do i think the demand is fine, and i think the production is fine what i think is kind of an outstanding question for the long term, and this is where guidance will come into p

enough is always what you want to hear that means demand exceeds supply in the key thing that jensen huangabout each dollar invested in the purchase of their gpu creates a return of 14 back five times because are selling to the hyper skill or an cloud a.i. service providers that are able to charge by the inference or the subscription that are able to charge a whole lot more because of the speed and power of the processors. maria: the data center business posted a $30.8 billion revenue up 112% from a year ago, the data center records sales from a.i. processors and related parts while making of the vast majority of the company's revenue where does growth come from. i know the tech sector has predominantly the big buyers of a.i. chips, does this broaden out and where you see the growth in the next five years. >> absolutely every company will be an a.i. company every company across every industry, travel, retail, manufacturing will use a.i. to optimize supply chain for predictive outcomes for helping to cure customer interaction and improve efficiency at all levels. this is going to be the dri

are paying particular attention to revenue coming from blackwell ai chips, with chief executive jensen huang the chips were meant to be shipped somewhere between may and july, but were delayed due to design flaws. kirk boodry. the first point is that the revenue growth is quite healthy and i know the headline numbers when you look at it on a relative basis have been coming down is 97%, 72% for the fourth quarter. but the absolute changes in tens of billions of dollars when you look at the growth year on year, and that hasn't changed very much. what hasn't changed very much. what ou make hasn't changed very much. what you make about _ hasn't changed very much. what you make about this _ hasn't changed very much. what you make about this report i you make about this report about these blackwell chips that have been overheating? we have seen nvidia's stock price take a bit of a hit today, your thoughts on that committee think it will have an impact going forward?— think it will have an impact going forward? there is going to be volatility _ going forward? there is going to be volatility in _ go

you know what, with the exception of the nvidia comments because that's too much to put on jensen huangnk she's got a real good point. let's go to manal in georgia. >> booyah, jim. thanks for taking my call. and guiding me all these years about the investment strategy. thank you so much. >> that's what i want to be doing. thank you. i want to be a guide and a teacher, not a trader. i don't like trading. how can i help? >> yeah. i'm interested in crowdstrike holding, crwd. i have been watching the stock. is it still a good time to enter? >> we bought some stocks this morning for the trust. why did we do that? okay because the stock was down because of whatever is going on in russia, and we felt that was a great opportunity, and i feel very good that we did it because there is not been a day it had thing doesn't seem to be going up, up, up. i still like the stock very much, but we did get a better price during the russian scare that we got this very morning. thank you for those kind words about what i'm trying to do here after more than a year ago at it. >>> all right, the charts by jessi

the ceo with, jensen huang, says the a.i. gold rush continues full steam. his words. if however, because the numbers weren't spectacular enough, the stock dropped initially. but look at it now, it's coming back, up $2 in premarket a action. another financial headline, bitcoin hits $97,000. there are reports that the white house is considering appointing a crypto czar. trump is cleary helping bitcoin. -- clearly helping bitcoin. politics, elon musk and vivek ramaswamy lay out their cost-cutting plan in today's "wall street journal." they would submit a list of regulations to president trump, he would take executive action to pause or abolish them. they take their authority from recent supreme court rulings that santorum down the power of federal -- that struck down the power of federal bureaucrats. the markets. the dow industrials looking for a gain of about 1000-odd points can -- 100-odd points at the opening bell. green on your screen. interest rates, not that much change. the 10-year treasury well below the 4.5% level, you're at 4.40. the 2-year at 4.31. the price o

jensen huang, of course the ceo, just told us yesterday he's getting calls from all over the world. every single country is waking up and saying we need to spend some of our sovereign wealth on these things. is and just today, amazon gave a $4 billion investment in anthropic which, of course, is sort of the competitor to chatgpt can is and openai. so do you like the chat bot companies? do you like the hardware companies like the super micros of the world is and perhaps the nvidias at this price? >> we actually do. and let's just take a step back for a moment because there's a much bigger picture at play here which is really at national level. if you go back to 2008, the size of the european and the u.s. economies was almost the same. you fast forward to today, the u.s. economy is 1.8 times the size of the european economy. why is that? it's to do with how tech as has a advanced, how we've had much more progress over regulations here in the u.s. you then link that a back to a.i., a lot of nations around the world are realizing this is the next step change. if we don't get in on the g

-- jensen huang, the ceo -- >> that was his voice.lieve that was him. >> he wants very much to demonstrate that this is a creative product. like what you can do with adobe and canvas so to speak. i think that jensen -- >> they makes chips. how are they offering this product? getting it from the -- >> it's a software stack. all these people who keep saying -- >> i get it. >> this is a consumer product. how are they getting -- i don't know. they're not a consumer company. >> not at all. but you can go to dell and michael dell, you can get this and -- >> put on -- fugatto. >> yeah. you can get fugatto. if i were disney i would get disney. >> what affleck told you about the affects business. what would they be saying at sky walker sound? >> we don't know the strategy at paramount when he takes over but a lot of it will involve this. in other words, using ai in effective ways. affleck will tell you, you can't replace people and the creative process -- >> benioff said that -- >> you can replace plane different things in the process of movie

. >> is amazing when you hear from jensen huang about this economy.a videogame company he said he wanted to make a supercomputing company all along and happy to be back then the only market that they could really sell into was video games. highly parallel processing that is good at drawing lots of pixels on the screen happens to be good for the job of crypto mining and artificial intelligence processing. >> it's kind of fun because we have our colleague take him and put out the book, the bible on nvidia. a lot to talk about here. it feels like it's becoming a bit more than just a stock but may be a cultural phenomenon. >> i think he would love that, he wrote the book on nvidia, it's coming out next week we have an excerpt in this week's barron's. it's something everyone should read is about how to succeed in business and as it turns out and he reports more than the technical billions of nvidia it is more about the cultural that they created. employees are empowered and expected to constantly come up with new ideas, there is a whiteboard in every singl

you just heard jensen huang, the founder and ceo of nvidia, articulating this unbelievable strength andgo across oceans at this point. sovereign companies, not -- sovereign countries, not just companies. what jumped out at you in that interview? >> thank you, liz, for having maine i think the nvidia thesis is that a.i. is really the best neighborhood in technology, and nvidia in our mind is the best positioned and the best value in a.i. i think it's as simple as that. and what jumped out at me when listening to their call yesterday and then the interview that you had is, first of all, the trend is real and durable. this is not a one-year cycle, you know, this is a cycle that can go on for ten years. it's not just cloud service providers, it's enterprises, different countries, states and regions. everyone wants to have their own infrastructure. we think that requires the con conversion of nearly a trillion of deployed infrastructure to accelerated infrastructure, and that can go all the way until the end of this decade, number one. number two, this is not just a chip game. you need to ha

. >> that was nvidia ceo jensen huang on the call last night on the back of another solid quarter eatingut not beating them in a the stellar enough way for the investors. you see that stock is down more than 3% in the extended trade. welcome back to "worldwide exchange" on this thursday. i'm contessa brewer in for frank holland. we have the numbers. >>> first, let's get a check of the broader markets. kick off the check of the u.s. stock futures. right now, you are seeing red popping back up. you see the s&p 500 is implied to open lower by 20 points. the dow jones industrial average is down 83. nasdaq futures off 93. also watching bitcoin trading above $95,000 for the first time ever following the announcement that president-elect trump is considering a white house stance on crypto. you see bitcoin at $97,95. the u.s. investors have surpassed $100 billion in total assets ten months after the debut. you can see they are all up 3.5%. >>> let's turn to the big money mover of the day, possibly of the week. nvidia third quarter results beat estimates. demand for the a.i. chips booming. the co

ceo jensen huang says it is going full steam. lot of analysts would seemingly agree with that statement. you say the demand for nvidia's a.i. chips is going to be sustainable overcoming quarters. what's the big gest risk for ths stock, paul? >> the risk is the hyper scalers blink and decide the amount of cap ex they're spending on these chips is not sustainable and not getting returns on them. that is the risk at the moment where you are not seeing any of that and at the moment it is a race to get the newest chips as quickly as possible and to be able to provide them to customers as quickly as possible. it is very much still a race. at some point that will change. there was a question on the call yesterday about the digestion period you always see in these cycles. the answer was the demand is massive and will go out to 2030 and be very, very strong over that period. the reality is that's not going to be a straight line. there will be peaks and troughs and you foster growth slower. there will be digestion periods and that will be

note, liz claman has an exclusive interview tomorrow with nvidia's founder and chief executive, jensen huangcountdown" on this network, 3 p.m. eastern tomorrow. right, trump's new doge department, i believe they're considering building a new app so you can file your taxes. >> yeah. stuart: i presume the tax preparers are not doing well. >> they're not doing so well. h&r blocking, right, the classic tax preparation service companies, a little bit here to the downside. look, some people maybe don't want government involved, they like the private sector. but if doge wants to come out and simply finish the simplify the way we do taxes, it puts some of these company under pressure -- can companies under pressure. stuart: bitcoin. new all-time high yesterday. that's got to be helping microstrategy. i've got $94,000 today. micro strategy the's got to be up. >> yes, bitcoin is now $100billion market cap. remember a few days ago i told you when the shares of micro strategy hit a record high, they bought bitcoin to put it op on their balance sheet. monday they did the same thing. they issued convertib

that doesn't mean that his p predecessor is bad, it just means andy is like jensen huang, he comes ineace. he's a soft spoken giant i think if -- is about, like tim cook, when i asked tim, why don't you charge for the health care and he said, jim, i'm about democratization for heaven's sake what am i going to charge for? jassy, about cutting the price so that people can have more money. >> b of a with a great stat today. on days where amazon closes up 5% or more on earnings, rest of xrt lags s&p >> well, i don't know how -- boy, am i -- when i listen to that, i say, you know what one of the great things in life is i'm not a brick and mortar manager. >> and many of the biggest laggards on that are best buy and some others. >> you can't stop it it's a juggernaut. shorter christmas is going to even help them look, they're -- no one talked about kuiper, the money-losing satellite. i found myself having a kuiper soda after the -- you know, after the conference call. >> when we come back, we'll get to chevron, earnings revenue production beating expectations. mike wirth is going to join us

or, or liz claman, we are so excited for, this has an ebb collusive interview with nvidia ceo jensen huang at 3 p.m. eastern only on fox business. >>> meanwhile, nvidia customer super micro not looking so micro. this comes to the stock gains today. you're going to find out why next. and later we're speaking to medical device maker med, tronic post-earnings report. the "the claman countdown" is coming right back. ♪ ♪ meet the traveling trio. each helping to protect their money with chase. wooo! tools that help protect. alerts that help check. one bank that puts you in control. chase. make more of what's yours. at harbor freight, we do business differently from the other guys. we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. it's time to feed the dogs real food in the right amount. a healthy weight can help dogs live a longer and happier life. the farmer's dog makes weight management easy with fresh food pre-portioned for your dog's needs. it's an idea whose time has come. taylor: we have a fox business aler

doing with xai, he is building a supercomputer in tennessee, and jepsen wang who's the ceo of -- jensen huang quick this is the getting built. he just did a second round at $50 billion, and he's bought 100,000 chips from nvidia, and they're saying he's going to buy another $200,000. the wind doesn't blow enough and the sun doesn't shine enough to do it in a clean way. david: we remember one of the three mile island units being reused. is there going to be more reuse of old nuclear power? quickly. >> lull. microsoft put -- absolutely. microsoft said they will pay 20 years of all the energy that comes out of three mile island, and i think you'll see more of this what's going on in texas right now and what's going on in the middle east. saudis just committed $100 billion. david: kyle wool, fascinating subject. appreciate it. the bell has started trading for the day. again, it's a short day. we end the trading at 1 p.m. eastern time. it's about a split decision on how stocks right now, but overall the dow's trading up about 76 points right now. s&p, if we can switch the that, a broader spectrum o

when jensen huang ways it in on the earning calls last night, you sit up and listen. he pushed back against the idea entirely. >> foundation model pre-training scaling is intact, and it's continuing. as you know, this is an empirical law, not a fundamental physical law. the evidence is that it continues to scale. >> now, those comments put him in a camp with sam altman, dario amodei and those pushing back on the data wall. he acknowledged this isn't enough to push a.i. further. progress comes from post-training scaling. which is the development of a.i. applications on top of existing models, which he and others say will still require massive amounts of compute power. an open question. had it be as much? a helpful way to frame that feks of gen a.i. development is digestion or innovation. digestion may suggest a pull back on the huge amounts of spending, cap equities the last few years. innovation a kulk down, just another phase of development begins. still very much an open question. >> stay with us. i want to hear what you would say about this. and also i heard this t

to me, that was where all the context was, and jensen huang was very, very bullish about the being inhe early innings, right? and then we have tremor growth, and i think that this sort of changeover from hopper to blackwell, which they cited, all right, we will see lower margins as blackwell scales, and that won't happen probably until the beginning of april or so, so we are going to see margins go down. but it is not a demand problem. right? so, that would be the problem that the beat and raise wasn't enough if it's because demand isn't there. that is not the way they painted it, and i tend to agree -- tend to believe him. >> dan is not the bull. >> what is dan? >> i think there's so many other things that are telling you that we're going to have overcapacity built out if you look at so many other names in the ecosystem. i will say this. to the bulls, you saw dell act pretty well today, you saw a reemergence of some of the ecosystem that had come off pretty hard. >> you can be right, but the problem is, when do you pull the trigger? >> you know i'm not going to -- >> that's the probl

liz claman has an exclusive interview thursday with nvidia's founder and ceo jensen huang on "the clamanusiness, 3 p.m. eastern. >>> next case, the department of justice wants to break up google. what do they want? >> this is unbelievable. we heard from the doj that the they found that google violated the antitrust law, so they're sort of taking recommendations on the remedy for that. one with of the remedies is the doj recommending that google split off the chrome. chrome is so important for google when you think about they can see the searches and better target your data, the right, depending on how you're searching. google, for its part, saying this would harm consumers. the doj definitely disagrees with that. stuart: okay. david, if they have to hive off chrome, would that seriously hurt? >> yes, it would. they're more valuable all president put together than some apart, desperate separate. so it would be a difficult thing for google, and i'm not sure that president trump's replacement, he's talked about brendan carr at fcc, i'm not sure he would go easy on google either. stuart: nex

in second, jensen huang, founder and ceo of santa clara based nvidia huang, beat nvidia from a maker of graphics chips for gamers into one of the most important players in the ai boom. other notable bay area players that made the list include apple ceo tim cook in sixth, meta founder mark zuckerberg in seventh, and openai ceo sam altman in spot number eight. >> all right. coming up, a legal battle between big tech and california. the lawsuit, filed just today over the state's new social media law. >> plus new developments over looming school closures in san jose. the campuses that could be closing their classroom doors. >> also, more controversy unfolding in san mateo county. today's dueling press conferences following the rele e of a scathing as it faces a budget shortfall. the berryessa unified school district in san jose will make their choice from a list of five elementary schools that could be shut down in order. they are cherrywood, toyon, lakeview, summerdale and ruskin. families rallied against closures last week, but officials say the district has seen a sharp decline in enr

i do, and there's that great story from larry ellison, he and elon musk had dinner with jensen huang and they kept saying please take our money. charles: that was great. >> so the demand is there. charles: and by the way, you mentioned alphabet. that's trading even at a discount and berkshire hathaway is sitting on $300 billion. all those are relatively cheap even meta. nancy thank you so much so you've got to wait four years to come back on the air with the button, i mean with the tag. i'll see you in four years, i'll see you before then, thank you so much by the way folks an important reminder. make sure you tune in tonight to democracy 2024 it's our election coverage, starts at 5 p.m. eastern time, led by myself, dagen mcdowell and sean duffy and all of the all-stars will be there on fox business and meanwhile retail investors are absolutely crushing it and i mean absolutely crushing it, and i've got a guest who says one of the favorite names is on the launching pad. shah gilani is here to share that name and why have retail done so well? we'll be right back. ♪(voya)♪ there are so

i do know everyone that jensen huang told me this thing runs hot. there are some issues when it runs hot. one issue is it has to be liquid cooled. anyone who knows the blackwells knows they are liquid cooled. super micro told me that. that's what dover who makes the technology for liquid cooled. michael dell has said liquid cooled. let's stop acting like this is a crisis. i'll go so far to say my trust is on amd. amd is up four points on that. >> you really don't like some of these easy narratives either on the upside with tesla or the downside on nvidia today. you think the picture's a lot muddier. >> yes, i do. i think it's important that we do our viewers -- we respect our viewers and tell them, look, this is not necessarily the way the story's going to play out. >> when we come back, we'll talk cvs and glenview with larry robbins. we'll get to a bunch of other news regarding netflix and tmo and bas nkinverted, disney's win streak, when we return. (vo) memory and thinking issues keep piling up? it may seem like normal aging but could be due to a

the top and bottom line, also nearly doubling sales year on year yesterday on the earnings call, jensen huangid reiterate the strong demand for a.i. >> the age of a.i. is in full steam. jaefrt generative a.i. is not just a new technology but a new industry, a new industrial revolution that can create -- that can create a multi-trillion dollar a.i. industry. demand for hopper and anticipation for blackwell, which is now in full production, are incredible. >> some of the hopper guidance was surprisingly good. >> this is one of the situations where whatever you can get from them, you'll take. that can be very stark because you may not be able to get the first-ranked stuff. i think that there are multiple customers -- look, i'm going to step back from this a second. i've never seen anything like this. there are multiple customers who would buy everything they have. when i say everything they have, i don't mean, like, hey, you know -- i mean, like, i will take everything you have. and the customers that we're talking about are customers that we all know, and they are not doing it in order to be ab

we'll talk about the impact that's going to have on the index, at least, and the perception of jensen huang'se. opening bell coming up in a few moments, and don't forget, you can catch us any time, anywhere, just listen to and follow the "squawk on the street: opening bell" podcas t. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! >> announcer: the opening bell is brought to you by nuveen, a leader in income, alternatives, and responsible investing. >>> time for our "mad dash" as we get you ready for an opening bell to end a very busy trading week here. >> oh my. oh my. >> sweetgreen is a name, of course, that you followed since it came public. you were correctly positive on the stock. >> thank you. >

jensen huang first on cnbc is secretary of security alexander mayorkas thank you for joining us tryingicance of this, and where you see this going, but also what is the significance of this in the context that a new administration is coming into office in january. >> andrew, thank you so much for having me. let me be clear. these are voluntary guidelines they are not regulations in fact, if companies throughout the ai ecosystem adopt and implement these voluntary guidelines, we can ward off precipitous regulation or legislation that can stifle america's leadership and innovation the guidelines are ground breaking in two different regards. number one, and you referenced at the outset, is the breadth of membership of the ai safety and security board we have brought in not only cloud and compute infrastructure providers, ai model developers, the companies that own and operate critical infrastructure, but we've also brought in civil society and the public sector. it's a remarkable expanse of participants on this board, number one and number two, it sets forth a model of shared and separate

ceo jensen huang on the company's call last night. >> we'll ship more blackwells next quarter than this and we'll ship more blackwells the quarter after that than our first quarter. and, so, that kind of puts it in perspective. we are really at the beginnings of -- of two fundamental shifts in computing that is really, really quite significant. >> other chipmakers are under pressure this morning. we'll talk to an analyst about the stock coming up in a couple of moments. >> if you look at what happened last quarter to the stock, it was a similar situation where they beat expectations, but did not beat the highest expectations. the stock was down on that, but up 17%. if you are looking at it year to date, it is up 95%. the pullback is not a big deal. i wouldn't read into this. i heard people say they haven't been able to keep up with demand. that's the problem i would like to have. we'll see. >>> in the meantime, one of the richest people facing bribery charges. indian billionaire, gautam adani and others indicted by the justice department in the heme to pay officials $250 million to seek

jensen huang, the ceo of nvidia, they want to change things.their pockets, i tried to get tim cook to charge money for a health app because one that will help your hearing. he said, jim that's not what we do. we democratize. and i said i guess i'm a dollar sign represented by a man. >> the one thing that gives me hope, the commerce department this year partnered with high schools near micron, with a new plant, and they're teaching manufacturing, but they're tech manufacturing. i think there is a venn diagram intersection there. >> these guys have hearts. look, it's not about friends, it's about money. when i talk with the people who are the business people in the world who are running these big companies, when you speak to a tim cook, you're kind of blown away that they have really thought about this, and trying to figure out -- i mentioned the other day, we don't have the birthrate we used to. they all tried to figure out how we can make our population more useful, and not everybody wants -- i have no problem with i flip burgers, waited tables

huang. there might be some talk between, say, jensen and someone at the white house.talk with biden. biden did not talk to the semiconductor people. that was left to the commerce secretary. the reason why nvidia is flying isn't necessarily that it's going to be china. it's this amazing masayoshi son deal with japan. >> we mentioned this move from semis to software and the jpmorgan long software short semi basket up 20% in a month. >> you have service now. you have salesforce. david, there has been a move for enterprise software, which was so hated. a lot of people are talking about salesforce adding people. the agent force so strong. >> a lot of people as in you? >> yeah. >> you were talking about it yesterday saying they are adding a thousand people. >> what can i do? i have the salesforce deck here. of this is the salesforce deck, which, by the way, had some things that said they took business from shopify, took country roll, play on -- >> the top pick, 390. >> i thought that was remarkable because had been a company that reported two quarters ago a terrible number