what did you make of what you heard from jensen huang?u see this being good for the rest of the a.i. trade? >> i think it will be as one goes nvidia. we see it goes kind of the market around high tech and certainly around a.i. you know, i liked that it wasn't just a hey, guys, we have a new chip coming. to some extent, that gets easy to promise and say, but we don't know when yet and kick the can. these are real -- these are real actionable items and real things that are going to be really useful in robotics and self-driving cars and showing the widening in high the a.i. t. jensen has been doing this for a very long time and wants to take this moment to remind people they can do it in every category. it is not just about chatgpt and a.i. bots. >> you say it is a wait and see for the a.i. trade. why is it a wait and see? we heard from jensen huang. not surprising he is bullish about his company. a.i. involved in other areas in the market. gaming and also put out their own mini desktop computer which was interesting. why isn't this just bul

what do jensen huang have to say when it comes to samsung?> he certainly knows how to move the markets. importantly, he gave some hope. and samsung really needs that especially when you think about the more than 20-30% slide in their market share last year alone. the hope was really around its hbm product. we have spoken about this but it is higher bandwidth memory. it is an essential part of ai infrastructure. samsung has not been able to get its product certified by nvidia to date. this is something they said they would achieve by 2024. clearly that hasn't happened. but jensen huang speaking at ces said he is optimistic they will do it and they are working fast. this showed up on and the results from samsung because we saw a lot more money going into r&d expenses and capacity expansion. that again speaks to that hbm story and how much they need to get that across the line because we to see that slide in the share price. versus sk hynix it's smaller up your in south korea that has been supplying higher end chips into nvidia. because of the a

>>> and the ces with jensen huang on the stage tonight. >>> later, microsoft's a.i. promise and cozying up to the incoming administration could mean for the stock. we have a very busy hour still ahead when "worldwide exchange" returns. stay with us. - yes. - oh. that's a commitment. [glass knocked] hey bud! whaddaya think? you know, people can see you out here. ha ha ha ha, yeah, yeah, right, right, ha ha. love you, too. agentforce helps retailers prevent fashion fails. it's what ai was meant to be. ♪♪ dave's been very excited about saving big with the comcast business 5-year price lock guarantee. it's what ai was meant to be. five years? -five years. and he's not alone. -high five. it's five years of reliable gig speed internet. five years of advanced securit. five years of a great rate that won't change. it's back. but only for a limited time. high five. five years? -nope. comcast business 5-year price lock guarantee. powering five years of savings. powering possibilities. comcast business. we're with bridget, whose husband won't be home for months and whose daught

. >>> and quantum computing back from jensen huang. >>> and the nation remembers jimmy carter it is thursday, anuary 9th, 2025 you are watching "worldwide exchange" here on cnbc >>> good morning thank you for being with us. i'm frank holland. thank you for joining us on this day. i want to look at the live pictures right now these are some of the surreal and nightmare scenes captivating the world. this is a live shot of los angeles, california where wildfires are continuing to rage there are five fires burning and the palisades fire grown to 17,000 acres this is the most destructive fire in los angeles history. we will have a live report from the scene coming up later this hour. >>> first, a look at the stock market following the release of the latest fed minutes the futures as you can see a down notoriety now when you look at the futures s&p and dow and nasdaq down fractionally you know a fractional move to the down side. the stock market is closed for the funeral of u.s. president jimmy carter this is the rotunda where president carter well lie in state until his funeral. we will have full

jensen huang said he is sure trump will do the right thing. enzie hawkins, thanks so much for tracking it. let's hone in more on nvidia. while washington is slapping on the new curbs, jensen is embarking on a trip to china. let's discuss with peter elstrom. interesting timing. jensen huang visiting the capitol. peter: we know that jensen huang will be in taiwan this week. he will attend a party on friday. we heard according to sources he will go over to mainland china. he will stop into shenzhen for a new year's party. we understand celebrating with the employees there and then he will go to shanghai and beijing. he could still change these plans. it's a very sensitive time and it comes just ahead of trump's inauguration. there is some excitation he would go to that too, but he's building a more substantial business within china at this point. they have been adding employees around autonomous vehicles. they had a bit of a setback as mackenzie was laying out earlier with this new regulation around ai exports that affects nvidia very directly. th

jensen huang, it's not like he said anything was wrong. he underscored why things are great. >> i think this is a pause in sentiment and i think it should be a pause in sentiment. if you look at yields, the ten-year yield has risen considerably over the last few weeks and the yield curve has steepened. the rational response is that growth stocks should pull back as yields go up. that's not what happened yesterday, but that is what's happening today. that's not what happened for certain periods of 2024, but i think in 2025 that will be the norm. you have to rationalize the valuations with where yields are, especially with the ten-year above 4.5%. >> i just think that the trend is still positive, people think, the narrative is still overwhelmingly positive because of the new administration coming tax cuts and everything else we've talked about a thousand times already. so that higher rates aren't necessarily going to be such a binary impact on tech. while rates go up, tech goes down, it doesn't necessarily work that way. and it certainly doe

jensen huang took them to the woodshed. is it a buying opportunity?xt guest has names he likes and he will tell you why the smartest guy in silicon valley may have this one wrong. we'll be right back. (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. known for sharing what you love. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer. fda-approved for 17 types of cancer, including certain early-stage cancers. one of those cancers is triple-negative breast cancer. keytruda may be used with chemotherapy medicines as treatment before surgery and then continued alone after surgery when you have early-stage breast cancer and are at high risk of it coming back. keytruda can cause your immune system to attack healthy parts of your body during or after treatment. this may be severe and lead to death. see

jensen huang just announced that you're going to be able to get an ai pc starting at $1300. there are about 200 million pcs shipped every year. this is the next phase of growth for them. the price point is correct so i think there's correctly a lot of enthusiasm by the investor community and the tech community in nvidia right now. nvidia has been showing great strength over the last year or so as ai has gathered pace and that shows no sign of slowing down? it doesn't but companies like openai are losing billions of dollars a year and so how to monetise ai will creep into the narrative. if the hyperscale data centre companies cannot make money on it, they will not be buying these chips. that's really the next challenge. there's an incoming trump administration into the white house in just a few weeks�* time. we know that the chip industry is a bone of contention between the us and china. how might nvidia get caught up? interestingly, last month nvidia, the government opened a monopoly enquiry into them. greater china is about 12% of their revenue so it is significant and also

but ceo jensen huang want to change that.bout the blackwell chip deliveries is the reoccurring reiteration. back in november, jensen huang promised more blackwell platforms than originally planned this quarter. we are looking for updates on those numbers. investors will be looking for a new variance from the blackwell family with more a.i. memory coming out later this year. whether the ruben project, the next iteration of the architecture set for 2026. there is a rumors attitude could come earlier. a.i. get the buzz, and gamers should pay attention. with the new graphics cards and the keynote there is also talk to nvidia jump into the a.i. pc processor market will put them in direct competition with qualcomm and intel. there is a lot of announcements i just went through but it could push nvidia against those two big concerns. and that was the blackwell delays and also there has been a lot of talk about competition from custom chipmakers like broad common. so look out for the keynote tonight. also important would be the analys

and tech traders are looking out for jensen huang who is set to speak at ces this evening. leaders are looking for a press conference from the likes of amd and samsung and sony today. investors are eyeing a keynote address from the tech darling jensen huang which is happening this evening. our colleagues in asia spoke to the ces ceo and asked about the potential impact of president trump about his return to the white house. >> a lot of good things to come and more pro-business attitude. a lot of focus on the future of artificial intelligence and skilled immigration. things like he is pro business. on the tariff issue, we disagree. they are inflationary. we announced a few minutes ago at ces that the impact on consumer purchasing in the u.s. is$90 billion to $143 billion if the tariffs go into effect and that doesn't count on taxes. >> we have have dexter here wit. i would like to understand what are your top expectations for ces later today? i know we will hear from the nvidia ceo. is that the one thing you will actually monitor the most? >> it is a few things. i'm going to

as we heard from jensen huang, they are making progress. caroline: let's head to las vegas, or ed ludlow is on the ground with the latest. ed: it is interesting to hear peter talk about the semi conductor and ai demand at samsung because if you look at the numbers it was everything not ai that was the pain point and a lot of the streak was like, what does samsung do? they sell smartphones and high end tv's and everything here is all the rest. they are the biggest exhibitor here, high end appliances, ai integrated. i do not know if you haven't an ai integrated fridge. i do not know i need one, but that is what samsung was hoping would be a boost to profit and it did not materialize. caroline: jensen is making moves on quantum stocks as well, but talk to us about what we are seeing when it comes to consumer technology. ed: if you imagine the hall behind me, right out of shot is this mini stadium that is samsung's display. it is always the biggest they are betting the consumer will part with their cash in competition with amazon. i spoke with

nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces ces this year. let's bring in our technology correspondent lily jamali for more. what stood out from huang's speech? hausmann is the rtx 5000 series, new family of chips that use technology to create images that look like something out of a movie. the other thing that stood out was that he was almost making a pitch for al at the top of the keynote. as much hype and excitement as there is around ai, there is still this need to explain the case. what else is getting _ need to explain the case. what else is getting buzz _ need to explain the case. what else is getting buzz at - need to explain the case. what else is getting buzz at ces? - need to explain the case. what else is getting buzz at ces? a i else is getting buzz at ces? little bit of something for everybody here. choose your poison. health, age, all sorts of products with autonomous driving, tv screens bigger and better. i tested a couple of products myself. i played with a little robot dog which is a lot of fun. there is a str

[laughter] ♪ >> welcome to the stage nvidia founder and ceo jensen huang.oncert. [laughter] 10,000-seat arena was filled. i mean, people, as you saw, were in line because he's talking so much about a.i. for just about everything. and that brings us to phones, okay? they don't talk about phones at nvidia, but they certainly do at qualcomm. first on fox business, qualcomm's ceo, cristiano amon, great to have you here to. >> happy to talk to you. liz: it's hard to not see a company that qualcomm has report in partnered with. -- has partnered with. what is the big message for you at ces? >> we've been entering the -- space, and one of the things we're doing, we're announcing the x chip is the now enabled a.i. in the $600 range. ki for everybody -- a.i. for everybody, continuous attraction. we have a number of partners announcing their laptop it is, so that's a big thing for us. and a lot of excitement i think we've brought with a.i. pc but also automotive. continue to see traction. i think digital's becoming more and more important for automotiveful we have a n

we expect a slightly higher growth than the industry. >>> nvidia ceo jensen huang touted the auto sectorotics as he addressed the ces. huang said he expects the automotive revenue to grow in 2026, up 25% from this year. >> so, this is going to be a very large industry. i predict this is the first multitrillion dollar robotics industry. this business for us, notice in just a few of these cars that are starting to ramp into the world, our business is already $4 billion and this year, probably on the run rate of $5 billion. really significant business already. this is going to be very large. >> huang announced the company's expansion into high performance computing with the release of the a.i. super computer. it will cost $3,000 and is expected to be available in had may. >> artificial intelligence is everywhere. it is not just researchers and start-up labs. we want artificial intelligence as i mentioned in the beginning of the talk, this is the new way of doing computing. every software engineer and creative artist, everybody who uses computers today as a tool, will need an a.i. super comp

here is jensen huang. somebody said the other day, i see you like jensen huang. you guys are both dishwashers. i said oh no, i was of things i with people at nvidia . how is your dog doing? my dog died 3 years ago, should i sell the stock? >> you did say today that we are trading in tandem with what the yields are doing. for it is so boring. it is not boring when the 10 year hits seven. >> futures were up during the frank holland show at 5:00. for now we are a bit below. for with the rates right where they are. now somehow, between 430 and 6:00, the rates skyrocketed. after adp, they went lower. we are going to play this game, we are worse than the analyst telling us to sell. >> what game? as to the every ticket game. >> this is a one year high. for where were we during the 1990s? for i know where interest rates were. speech actually go back to the 1980s as well? for we are old. for that is my take away. >> i remember the 1990s. we had interest rates to where we are now. we had an incredible equity market. >> i.c.u. denmark, and i raise you alaska. to you could s

tomorrow, more from ces in las vegas with jensen huang.leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management >> welcome to "bloomberg etf iq." katie: happy new year. scarlett: happy new year. katie: -- i'm feeling incredibly bullish. in the $15 trillion etf industry, we look ahead to the anticipated etf's and rising institutional interests. scarlett: the new top trend for crypto is in full swing to lure investors. katie: and we kick

in the last hour the ceo and cofounder jensen huang spoke with ed ludlow on the heels of major productces in las vegas. take a listen. jensen: ai will reinvigorate the videogame industry. for developers, it will reduce the cost of creating the content. on the other hand, all the characters that are in the games you will be -- will be smart characters in the future. they will be interacting with you on a much more intelligent way. the games are going to be more interesting, the characters more interesting, the content development cost will decline. that will be great for the industry. i think the future is bright for videogames and these virtual worlds. artificial intelligence will reinvigorate. ed: may i pick it up? $3000. a supercomputer sitting on the desk. jensen: imagine you were sitting there just like that, working on your pc. ed: why would i need one of these? probably not me but how big is the addressable market for this? jensen: there are 30 billion software -- million software developers. 10 million designers around the world. probably another 20 million creative artists. har

you heard the comments from jensen huang about the level of blackwell demand being insane.at those comments. the issue you are dealing with is blackwell demand is strong. it is supply constrained. hopper, the legacy product is the largest portion of the data center business. they will have a couple of quarters here where there is meaningful upside. the real upside is in the back half of the year when you get that full-blown blackwell ramp. people would like to hear that. i think they did hear that in some sense. they are trying to avoid the really strong statements about blackwell, because it is not the main driver of the quarter. that is the combination of blackwell at hopper. i am optimistic about how this plays out. i do see the upside being stronger in the second half of the year. for with the stock that has done so well, triple last year, how much is priced in? where are you telling people is a price target were people should feel comfortable? to this is less about the phenomenon that the stock has been in more on valuing a growth company on his growth prospects. the s

the bad news is jensen huang is flying too close ott to the sun.news is his wings are not melting yet. the company's at $3.7 trillion, it wants to probably push to $4 trillion, that would be 8%. i think beyond then every semiconductor cycle, right now he has no competition. competition is coming. and as far as training the robots and training the cars virtually, what could go wrong, right? versus having to put the cars out on the roads, you're putting it in a studio. we'll see what happens. but on balance, this is a positive thing for nvidia, probably pushes higher from here. stuart: most of the the people watching this program have some money in the magnificent seven, big tech stocks. >> that's correct. stuart: in a nutshell, give us your forecast for the magnificent seven in 2025. >> okay but not quite as good as 2024. why? earnings growth is decelerating. they're going to have 21% earnings growth this year, and the multiple has not yet rerated downward with. you compare that to the broadening of the rally, small caps are accelerating earnings gr

we heard from nvidia ceo jensen huang and he said if you ask him about a useful quantum computer, 15ears be a little bit long. he's thinking more about 20 years. you had a 40-50% sell-off in quantum stocks on that statement because we all thought you be frankly a lot sooner. what do you think about quantum? >> well i think it's here to stay. i think it's going to be here just like apple was 30 years ago, before people realized it. it's going to be all of a sudden people wake up and go wait a minute. i had the opportunity to invest and i didn't. again. so to me, if i look at this i say where is it going, what's happening? the world is changing in ways we don't yet understand. we know computational intensity is increasing speed, efficiency all of those sorts of things. if anything i think jensen is being very conservative and he knows it. taylor: are we closer to five years or 15 then? i want a timeline. >> it's very hard. i'm not heavily associated with the science. i don't know what the production demands are, but what i do know from an investing standpoint is you get ahead of big li

quantum computing stocks getting crushed today after jensen huang said computers were still decades awaying useful d-wave, rigetti and others sinking more than 30%. the ceo of d-wave pushing back on those comments today. >> when it comes to d-wave, he's dead wrong we're not 30 years out we're not 15 years old we are today we are supporting businesses today with kwon tum quantum com. >> he said he would sit down with jensen to walk him through what he got wrong. quantum computing at rigetti up 1,000% in the last three months. all of them getting a boost on the alphabet news on quantum computing. >> when valuations seemingly doesn't matter, people will bid things up to levels that don't make a whole lot of sense. then you hear something like the comments made that it's not going to be a thing for awhile, people get a semblance of normalcy i don't think that move to the downside is over >> you could make the case, in an ironic fashion, that maybe artificial intelligence is a ways off all the spending that we're working towards to obviously train these models and do these things that seem re

jack: jensen huang spoke at ces everybody was focused on quantum a.i. they got computing stocks are got killed you saw something totally different echoes of elon musk. >> ces las vegas a big event every year jensen the father of a.i. everybody pays attention. the thing that i thought he sound exactly like elon musk which is the winter elon and a justification for permanently optimistic. >> we all have a.i. and we can type in pond question super interpretive laxity and chat gpt that's everybody's exposure. down the road jensen said robotics could be the largest industry the world is ever seen he's lumping self driving under driving cars and humanized robots that's what elon musk said it's nice to have a second voice with a pristine reputation echoing that. the other thing however, getting a.i. self driving cars, jensen explained how he is working with different companies is exactly the same model the elon musk uses is settled good debate on who's winning tesla everybody has the same approach and what elon said two or three years ago. jack: were out of tim

a handful of hours before jensen huang gives his keynote for ces in vegas.tock-moving event. >> it has. dozens of new record highs in the s&p 500 since nvidia decisively went up into the 140s. actually cracked above 140 in june of last year. the big question is, did the market lose its ability to keep rallying op the basically the same observations the same news about the a.i. investment story? or is this just letting fundamentals catch up to the valuation? valuation itself, in nvidia terms, doesn't look super demanding. mid-30s forward multiple. that that different. so interesting. the markets willingness to believe there really is an aggressive new -- >> see if it is above that level. hasn't closed above 150, by the way since november. looks to be right there as well. [ closing bell ] >>> that does it for us. see you tomorrow. for us, we wi see you tomorrow. that is the end of regulation. nvidia closing at a record and leaping over 100k to start this week as tech takes the seat. >> we have a big slow coming your way in just a moment. in just a moment the c

and the big -- jensen huang.xpectation is they and some of the other chip companies are going to be unveiling a.i. chips for pcs, so is the pc back? everybody was on their little phones, and now we're talking about pcs and computers and laptops. >> well, certainly the pc's getting a good jolt of resurgence because a.i. can allow you to do so much more in terms of your productivity and your personalization, in terms of using it to help create initial draft of a document or a report that used to take literally months you could do in a couple of hours. and jensen, i don't know what he's going to do, honestly, but he's going to get a big crowd, and what he's going to say is almost as important as that exclusive interview that you just had in november. liz: during that interview, i'm glad you brought that up. jensen huang told told us because there was this question about some of the new blackwell chips, $40,000 chips that are running the a.i. data centers, you know, we asked him because there was one report of overhe

that is when jensen huang will give his ces speech. the way, the robot is taking the place of five workers is an actual fedex depot. they are ready. i think jensen is going to shock people and i think some of the enthusiasm we will see into the bell has to do with what jensen will say monday. >> can you still buy nvidia after a $2 trillion gain market cap last year? >> the market is very sloppy here. >> we're opening up, to your point, opening bell. here at the big board. professional bull riders league celebrating the pbr team championship. >> about time. >> cowboys. the modern workplace mental health platform. i want to add more cause for optimism. before we get into jensen speech at ces on a.i., there was a study in nature. they published results from a study in sweden looking at generative a.i. out performing traditional ultrasounds in detection of ovarian cancer. these are the studies we are waiting for for results on generative a.i. >> incredible disparity in the discovery of polyps with any sort of cancer testing, obviously, we'

nvidia is down right now but did hit a new all time high following jensen huang's speech last night.that stock. apple also trading lower, stock downgraded to sell at move fit nathan son, $188 price target. the firm citing china concerns. we're also keying an eye on meta, scrapping their third-party fact checking program and implementing a community notes model similar to the one that exists on elon musk's x. meta also adding ufc's dana white to its board. very interesting. >> getting important data crossing the tape. let's get to rick santelli this morning. >> look at those rates zooming. what's going on? jolt. job opening labor turnover surging, we are expecting a number around 7 million, 750,000. 8,098,000. that is the biggest job openings amount going all the way back to may of '24. now, ism also pretty warm, we are looking at services, this is the pmis, 54.1 on headline, better than expectations, sequentially higher than 52.1, 54.1 would end up being the strongest going back to just october this year when it was 56, but that number was the highest going back to july of '22. price

nvidia ceo jensen huang is delivering his keynote address probably the most important address at cesali for more. what stood out from huang's speech?

jensen huang was the keynote speaker at the annual celebration of the latest in tech. the ai chipmaker unveiling new desktop and laptop graphics processor units. huang said the new products, which uses its blackwell chip, will deliver breakthroughs in ai graphics. he also rolled out a $3,000 desktop supercomputer. >> this is nvidia's latest ai supercomputer. [applause] and it's fondly called project digits. this is an ai supercomputer. it runs the entire nvidia ai stack, tens of thousands of people are expected to attend the conference, which runs through friday, along with artificial intelligence. >> autonomous vehicle technology seems to be everywhere this year. rain or shine. mail carriers make the rounds to deliver your mail, but one postman in lafayette has been at it for more than four decades. today, neighbors showed their thanks to a man who they say is like family. as ktvu jana katsuyama spoke with them as they delivered their special surprise. >> postman jeff, out on his route, rolled up to each house as he does every day, making sure the mail gets delivered.

nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces

the chip names are doing well thanks to jensen huang and nvidia, the likes of tokyo electron surging and helping the nikkei to these out performances as we see the bank stocks also lifting the gauge helped along by the export related counters given the week yen but on the hong kong benchmark it's the underperformance as two of the biggest stocks in the greater china region get put on a u.s. defense department blacklist and have denied any links with the chinese military but down to the lowest level since mid-september and it's a benchmark heavyweight so is dragging. the hong sing responsible for the 2% decline. the japanese yen had its weakest level against the greenback in six months, some of this blamed on portfolio repositioning and it is approaching levels that last true intervention from japanese authorities. we got some job owning from the japanese finance chief but it looks like the direction of travel still for dollar yen is higher. >> avril hong in singapore. now the released -- the race to replace justin trudeau is off -- is on after he said he is resigning after more than

bloomberg's ed ludlow setting down with jensen huang live.hink he has? jonathan: maybe it is crocodile leather on it and not was glistening in the lights. if you notice that? lisa: i think these are the important questions. you know, i think it sort of is trendsetting. this is what mark zuckerberg is doing with his necklace and t-shirt. jonathan: you can wear whatever you want when the stock is up 300%. you can get away with the -- with anything. things get dicey when that stock is not doing well. remember when he used to go around with a hoodie all the time. that is good when the stock is up and it was not doing so well. annmarie: all of a sudden he got serious. jonathan: it is up. lisa: i think it is important that he shows how this will go beyond just nvidia. and that is a question. yesterday we heard why it is great for nvidia with the promise of it expanding and a lot of people want to say show me the money. jonathan: the biggest clients spent a lot of money and this is the biggest customers that we been watching for whether it breaks or

back in september when he was asked by our own colleague tyler kendall, jensen huang said we will abidegovernment policies and now he is saying -- earlier this week he told our friend ed ludlow he is interested in meeting with donald trump. this would give them something to talk about is the new administration takes office. caroline: bloomberg's mike sheppard across what we anticipate to be the latest announcement out of the white house. coming up, more on tiktok's looming band, its impact on other social media platforms. will be speaking with wolfe research to give us an impact on the likes of snap and meta both trading higher as oral arguments continue in washington at the supreme court. this is "bloomberg technology." ♪ caroline: welcome back to "bloomberg technology," i am caroline hyde in new york. i want to focus on a macro story. jobs strong, 256,000 added. we are down 1.9% on the nasdaq. apple, nvidia, what will be announced from the white house on further limitations on exports from nvidia to the rest of the world. a keyport driver on the green side is meta. that is feeding to

is it ever in the face of what jensen huang, whose stock is not doing well today.. >> one of the comments made by huang this week. >>> as for next week, jim, you will be at jpmorgan healthcare. >> i think what we will find are companies doing remarkable things that are actually moving the needle. actual bristol myers with the terrific drug kovenfi. eli lilly with the glp-1. bird flu is a real issue. i'm following it. boston scientific is a winner after johnson & johnson of the medical device recall. there are companies innovating doing things. their stocks will go higher. >> it's funny this morning, sorry guys, retail is up nicely. interesting limit. walmart is up almost 2%. target support. >> there are companies that are doing great things. walmart working overtime. costco trying to help. trying to help. >> a lot of people have jobs and they're going to spend. >> exactly. >> nike today. >> i thought nike. it's a little bit too early. these are companies that are going to be deeply involved for multiple years for rebuild. those who remember hurricane andrew, the co

we did see a brush back pitch thrown at this technology by jensen huang. your thinking towards quantum and other areas? robert: i cannot focus or bring up any specific companies. if we look at a software, data infrastructure, and ai there is amazing tapestry of opportunities. some of the companies we are really exciting about our rippling, anthropic, figma. we are laser focused on these global tech leaders and partnering with our investor base on helping them get exposure to those important companies. mike: how does the change of leadership in washington affect the way you view the table of opportunities that has been set in front of you and your company? robert: it is certainly very exciting at the moment. i was just in australia and hong kong and what i can tell you globally is there has never been more interest in investing in the united states and specifically investing in u.s. private tech companies. the world wants more exposure to the u.s. and u.s. tech companies that i have ever seen. caroline: and yet the valuations are pretty frothy. if you're lo

nvidia ceo jensen huang is betting big on robotics and artificial intelligence.vegas consumer electronic show announcing a deal to supply driver assistance chips to toyota he calls it the chat gpt moment for robotics. he also introduced a $3000 a.i. supercomputer for researchers and gaming chips which boost performance using a.i. nvidia evaluation hit a record $3.66 trillion this week and the stock is higher by 2%. mcdonald's becoming the latest company to scale back its diversity equity and inclusion mandate, the company sending a letter to the franchisees saying it'll end external surveys for suppliers and rename its diversity team mcdonald says the changes reflect the legal landscape after the supreme court ruling against affirmative action last year. mcdonald's is the first company in 2025 to rollback these policies jointly the likes of walmart, google, ford, toyota who took similar actions last year. mcdonald's is marginally higher as i send it back to you this is bigger impact than just mcdonald's the action the company is taking today because they buy bill

jensen huang was talking about physical a.i that is another manifestation.e feel the narrative will move and evolve to the utility of a.i. >> the reason i was asking you that is because when you think about, excuse me, how much these companies are spending on a.i., and we actually saw a little bit of pressure for stocks at the back end of last year given how much they were spending on a.i., we are looking at higher borrowing costs. surely at one point this is actually going to melt and explode to some extent, no >> yeah, 100%. i think what we're seeing is two dynamics happening one is the hyper scalers deep pocketed, google, microsoft can invest microsoft with the $80 billion investment those companies will continue to invest and continue to build moats around the business and continue o benefit on the other end of the scale is the companies able to raise finance. we saw anthropic raising a $60 billion valuation the other day. if those kind of companies can continue, openai can continue to raise required financing, yes, they will continue to be in the game t

volatile start to the year, quantum computing stocks, meta ceo mark zuckerberg and nvidia ceo jensen huanghat the use of quantum computing are at least 15 - 20 to 30 years away. nvidia falling yesterday after the budget administration adopted new export rules for a.i. chips and it is trading fractionally higher. were taking a look at nvidia this morning up 1%. atomic wealth advisor president mark avallone. great to see you, we would like to get your outlook for the new year were stocks and rates are going this year. >> will receive her 2025 is what we've seen thus far. we've seen a lot of relatively a lot of jobs. we had two tremendous years. i think it's important that investors get their expectation managed and it's very unlikely that we will have three years of 20% or more on the s&p 500. we also still think there is opportunities even talk about technology in the leaders in technology around the world are right here in the u.s. and the technology companies have a dominating the u.s. stock ma market. we expect them to continue to be leaders despite their high evaluations, these are comp

. >> this is interesting every time jensen huang tates the stage he could see nothing but his presenceites people. they have expectations in terms of what they want to hear in order to move the stock. we want news about the blackwell chip, the key growth driver for the future of the company. we know that has been robust demand. as any supply constraints or have the manufacturing glitches iron themselves out in the full steam ahead. any news about the future growth for the company. >> if he makes any statement that maybe things are not quite the way we would like. watch out. >> round pins and needles but we will have to watch and see how it goes tonight. >> he is a powerful guy, check out microsoft. brad smith is the president. he is saying something about a.i. data centers. what is he saying. >> there going to spend 80 billion with a b on a.i. data centers by june of 2025 which is the end of the fiscal year. this is incredible we have come full circle remember with meta the year of efficiency tightening our belts. as catholics worth is it not. now are coming out full force microsoft sa

. >>> what started as a record-setting day for nvidia following jensen huang's speech has turned into

now they're kind of worried after what general seven weak -- jensen huang said. >> i actually think peopleaying. i think he was referencing the general application of quantum for consumers. he's not reference aring the applicability today. we have names like ionq that are in partnership with amazon aws, they're solving issues today. i think his comments were mainly on the chat chatgpt moment -- which i agree with. charles: by the way, he's plug his book too. [laughter] >> it's sucking the air out of a.i -- charles: exactly. and that willow announcement. some of it, too, was not self-preservation but, hey, yeah, don't give him that much credit. [laughter] what else do you like here? >> i believe 2025 the will be the year of software. similar to what 2023 was for hardware. snowflake, you mentioned, i think they're getting completely rerated and it's going to be one of those palantir-like moves in 2025. the narrative on snowflake was a.i. will cannibalize them as a data warehouse, but now they're going to get rerated to being the enterprise a.i. platform. i could see it being $100 in the near

so everyone -- the main headlines i took away from jensen huang's speech at ces was this new laptop thatas coming out. to me, that was a side show. what i took away from it was the amount of compute, the amount of power. if you think of it like a car, the v8, v12 the engine needed to create the large language molds is going to increase on an exponential basis. you can get three times the amount of compute or power, or you could spend a third of the money and get the exact same power that you were getting a year ago. so as, as more data's created over time and it's the happening on an expone known, basis, so all of the the data created from the history of time until the end of the year 2003, we new do that every two days. in a couple years that'll be one day, then it'll be 12 the hours, then 6 hours. this is a hockey stick type growth. you're going to continue to need more power, more power. so the bare argument against -- the bear argument against nvidia is that the it's hardware, and it will slow down over time akin to our iphones. i disagree with. that's i think we're going to continue

jensen huang is expected to get an upgrade announcement, they are up nearly 7% over the last sessionnd a half and of that keynote, for the industry at large, the stakes are high, the pressure is on, last year's high-profile a.i. release was devices from rabbit, remember that name, ultimately they flopped, but shipments dipped last year and lackluster growth expected for this year. adding to urgency, the digestion phase where the focus has moved from raw innovation to integration, optimization and scaling, investors are becoming increasingly weary of those ballooning costs, especially tied to bigger and better models, they are looking for roi in applications, how they could give us a taste at least of what we might expect or hope for this year. >> it wouldn't be the unusual suspect, i remember when bastions sat with us a couple weeks ago, they said they will be getting a keynote as well. >> you have people like the delta ceo going, but they are still missing a big player, apple is not going, that doesn't mean that you're not going to see products and applications showcased on the ipho

. >> where does opt the last couple of weeks since jensen huang said it's going to be years before theyits really more about software. if we think about the way companies have been using ai so far, it has largely been about chatbots. you put a question and it gives you an answer. ai agents can do more complex reasoning. ok, here is my list of sales data. go through, find prospects, manage a campaign. he can do much more complex, broad work there. >> give us another theme that is perhaps out of the ai sphere then. >> did mention the incoming administration. i would say the other thing we are watching over the next few weeks is tariffs. that has been a substantial overhang on the market and we have seen that really impact sentiment within the market. when we think about what happened after the 2016 election, you saw a very big, very broad boost to sentiment. when we look at a bunch of different key sentiment metrics in 2016 before the election, the 46th percentile, so about average. they jumped up to the 67% to one month later. we went from the 32nd percent of only the 34th placental one

and this is a good turn-around because remember the ceo of nvidia, jensen huang, had said they were 15eliable, useful can what tunnel computer. this seem -- quantum computedder. this seems to confirm from microsoft that we're closer than that. stuart: tesla up $13. they're pausing manufacturing of their model y in china? is that enough the give them a 3, 3.5% gain? >> you know, it isn't really bad news. they're pausing manufacturing so they can redo the plant to make it more efficient. they do this periodically. when you yet a new model and you want the make the line more efficient, it shouldn't hurt them materially. stuart: okay. let's have a look at bitcoin. i'm wondering if it's hit $101 100,000 -- 100,000 again. 99 and change. it's following the stock market, isn't it? >> it is. remember, the record was $108,000. all of this, i have no fundamental news for you, stu. this is speculation are. people think day one trump's going to come in and maybe do a big techstive order on pro-crypto policies, but we don't have any details. stuart: how about sofi? the stock is up nicely; 6%. did so

ceo jensen huang just wrapping up an analyst q&a after unveiling his a.i. road map. kristina pers artsinevelos has highlights. >> let's start with supply and demand. they confirmed they are not changing their guidance. they are shipping hopper and blackwell this quarter. they said that they probably will do a bit more, but they weren't going to change the actual number for guidance, and said supply will always be a situation. there's nothing we can build that will be unlimited. but -- so that's for the hopper. everybody wanted to hear about the data center sales that we didn't get in the keynote yesterday. for future growth, they spoke to two major drivers. the first one is general purpose computing is dead. hand coding is dead. he's saying that all these data centers, which we've heard before, need to be updated. and he was, dare i say, a little bit -- not aggressive, but maybe more affirmative in all his commentary, saying that if you're not putting accelerated computing and machine learning, you're doing something wrong. it makes no sense. he went on to say, if yo

announcement from none other than what we are calling him the godfather of a.i., the nvidia ceo, jensen huangwhile the stock is at all time highs, there's a backlog of a.i. clips that nvidia needs to deliver. how is that affecting companies that nvidia works with. joining us now the ceo and founder of robot lab, elad inbar. so great to have you. you wrote a new book titled our robotic future. i skimmed through it and loved it. i got through a couple chapters. talk to me about sort of nvidia, right, and the robotics of all t all. how do you use those chips in your robots? >> thank you for having me. nvidia actually created all these chips the whole line of processors for robotics. they're great for all the chatgpt, the large language models but they're actually trying to tackle the problem of having enough computing power on board on robots so the robots can be useful in everyday lives. like the robot you see behind me, this is something that really prevents robots from being integrated in our environment and the ability to compute, to understand what's going on, how things are moving, where o