a pair of earnings alerts for you shares of number vidia anvidia l alto we kick things off with josh lipton and nvidia. josh >> melissa, i caught up with hans over at rosenblatt. i just wanted his take on the quarter. he rates nvidia a buy and executing well in a tough environment, gaming was down 10% sequentially and a bit better than expected and this is a slow are period for that period and on the other hand we know there are people at home searching for entertainment and it was pointed out better than expected and it is up 18% sequentially and that's one reason the segment investors are piled into the name and the outlook is slightly better than expected and 3.65 billion and his bottom line remains a solid investment proposition and he argues for long-term investors. as for the guidance, 3.65 billion and you heard hans also mention malinox and it closed that acquisition and it's a high performance networking chip company and basic terms that connects servers together and a lot of the analysts who cover the name were excited about that acquisition and also remember the stock headed into

we have an earnings alert, and applied materials on results and josh lipton has a breakdown of the quarter. josh >> melissa, i covered with mitch steves that was better than he thought and display segment up sequentially a positive and the company still seeing strong demand and we also got the news that tsmc is building a fab in the u.s. and the journalist saying that tsmc will announce as soon as tomorrow plans to build an advanced ship factory in arizona and mitch steves is saying that could be announced for certain names in his semiequipment names and applied materials would be one of them and notably the company did not provide guidance and the ceo gary dickerson saying the situation is fluid, but based on the visibility and what he's seeing now, supply chain is recovering and the underlying demand remains robust. on the call dickerson saying in q2 they were impacted by the lockdown which impacted suppliers and that particularly hit the segment and dickerson saying we are in a much better position today there are pockets of weakness and called out what's happening in autos and industri

we have an earnings alert on take-two josh lipton has the details. h. >> melissa, if you dig into this report on the segments, digital online was a physical retail was a beat q1 theforecasts they're giving for bookings ahead of analyst expectations handily for the year though bookings are calling between 2.55 and 2.65 billion and that was light there and we were looking for 2.7 billion. some interesting commentary from the company saying fiscal 2021 will be a light year for new releases, though they do say they expect to deliver strong results. it was interesting on the call with the ceo strauss zelnick talking about the grand theft auto 5 sales surpassed expectations and the big thing is when grand theft auto 6 is coming he's still betting that's a 2022 event. the trailer, though, he thinks likely hits the next 12 months and he thinks that game adds $3 or $4 in eps on the call, that stock was higher and executives began to have some color on the long-term pipeline and executives saying they have 93 titles set for release over the next five years and

for more on benioff check out jim cramer's show "mad money," a jam-packed show. >> josh lipton in sanncisco. the stock up 17% with it down now by 4%, dan >> yeah. mel, up 50% from the lows. today the stock was trading almost 185 in sympathy with the really strong quarter and guidance from work day so like you said, really tough setup and listen, i think this is really important as we get to the tail end of s&p 500 earnings a lot of these companies have had another month to see what this selling environment looks like like salesforce.com so this guidance makes sense i don't think you can take anything away from it especially if it proves to be conservative. as an investor after such strong gains in a lot of areas of the market you'd like to see ceos, management set up some guidance that they can beat later on which might be a tougher year as we get into the meat of 2020 >> guy adami, it does seem prudent. you either pull it or lower it >> and listen, if you look in terms of what they did on the revenue front for this quarter, i think it's remarkable. to dan's point its had a huge run,

we've got josh lipton on that. josh >> so sara, that stock halted.t's going to be resuming trading around 4:25 eastern. but we do have results $1.07. bookings here, $729 million. the street was closer to $584 million. a big beat there the q1 forecast looking between 90 cents and $1. not clear if that's comparable but bookings, big beat $850 million for q1. analysts thought closer to $498 million. for the year, though, a bit light. they're looking if bookings between 2.55 to 2.65 billion though remember this is a company that does historically guide conservatively in terms of the segments, digital online 6$635 million that's a beat 37 the other segment, physical we tail at 162 million beating expectations quote here from the company as well while fiscal 2021 will be a light year for new releases, we expect to deliver strong results due to the diversity and strength this conference call kicks off at 4:30 eastern, guys. >> josh lipton, thank you very much josh brown, didn't mean to cut you off. wanted to get your thoughts on the broader market >> that's

josh lipton has details. josh box is reported on being the top and bottom line and billings came in better than expected at 128 million. as to the forecast, q2 eps is better than expected and revenue basically in line and for the year, the eps forecast was nicely above consensus in terms of the forecast and remember the stock had surged about 130% since that march low headed into the print and i did get a chance to chat briefly. i asked him how has this work from home trend going to benefit his company. they are seeing healthy expansion. enterprises are new ways now to access and collaborate on content in the cloud and his argument is box is there to provide that for them and 40 deals over $100,00037 he did point out challenges as well in the quarter and he pointed out softness in the consulting business, too, and it did impact the top line and it was the bottom line and what leverage was he pulling and box is driving way better cost discipline at his company. melissa, back to you >> josh, thank you box shares

let's get to our josh lipton with more. that's right check out the smh this morning, that's the etf that tracks the chips. it's in the red, though remember it did make that very sharp move higher off its mid-march lows. i caught up with patrick moreahead about this news that the u.s. government is moving to cut off chip supply to huawei. he says that could have big ripple effects, that huawei has pivoted to smic a chinese company for low-end chips but morehead saying huawei would have a hard time making it without access to u.s. companies. he also says huawei relies on tsmc, too, the largest contract manufacturer of chips on the planet speaking of, they just made some very big news themselves now confirming they're going to build an advanced semiconductor fab in arizona with production starting in 2024 tsmc says it's spending about $12 billion and that has support from the government. no details, though, yet on what that support exactly means tsmc says the plant will create 1600 jobs. importantly this is an advanced fab, it

let's get to josh lipton for the details. josh >> melissa, let's dive right into the segment here.nfrastructure platform and that's the company's core networking offerings that was down 15% to 6.3 billion. demand has never been greater, chuck robbins on the call, but this area was particularly hard hit by the supply chain disruptions caused by the pandemic and then there's the application segment and teleworking tools are now a lifeline, robin and it's within the segment and it is down 5% in total to 1.36 billion, but there was a fair amount of talk, melissa, on this call about webex and that's the videoconferencing service and zoom rival they gave metrics and 500 meeting participants for webex and 25 million minutes and that was triple the volume in february security, by the way up 6% and robbins saying they're seeing solid growth there and he was asked on the call by analysts how does he frame what's going on versus prior periods of economic uncertainty and chuck robbins saying we are in a better position today than in times of previous uncertainty why? because of the security po

. >>> we actually have breaking news right now on apple store openings josh lipton has more on that josh >> kelly, apple just now announcing to be opening more stores, reopening this week here in the u.s. they say a total of about 100 more apple stores reopening, crisscrossing the country from california, oregon, to indiana that would bring the total to about 130 stores in the u.s. that have now reopened apple operates 510 stores around the world. 271 in the u.s. alone. most of these stores will reopen for curbside and store front only so meaning customers don't enter the store and use the stores maybe to pick up orders or drop off devices at the genius bar and apple saying we are committed to reopening in a thoughtful manner with the health and safety of the cust mores and teams as top priority and look forward to seeing the customers again soon back to you. >> thank you, josh. >>> coming up, play ball that's the hope for fans, players and teams as states begin to reopen. we'll talk about what we can expect. >>> plus, the work from home double tax trouble a look at why the shift to remo

. >> senator jerry moran >> take two set to report tomorrow and josh lipton, expedia's earnings and seemae first earnings report under newly appointed ceo peter curran and the covid-19 testing and the promise of a vaccine is having a longer impact on longer travel bookings and whether the growing trend of people moving from shifting to coastal towns and the rise of vacation rentals is having an impact on the home rental backgound whichec pedia bought to directly compete with airbnb and it is down 30% so far this year sara >> seema, thanks let's get to josh lipton now with a preview of take two's results. josh >> so, sara, investors have piled in to take two check out that stock it hit a new all-time high in today's trade. it has now surged more than 40% from its mid-march lows and so far this year, easily besting the broad market bulls bet take-two benefits as people shelter in place and search for entertainment tomorrow the key question will be take-two's guidance and what executives have to tell investors about their game pipeline guys, back to you. >> thanks so much for that >> it's be

morning but amazon and apple are the two big earnings stories and on the plap front we turn to josh lipton to start the hour hey, josh. >> as we know millions of people are now working and learning from home. i got the chance to speak with apple ceo tim cook and asked about that, how is that impacting business, how is that impacting demand for his products and services? cook telling me, it's clearly helping the ipad and the mac we envision both of those to have improving year over year performances in this current quarter. what we see is that the use age of face time has gone through the rife, not getting talked about as much, but the usage says otherwise i asked cook about the new iphone, the se that comes with the powerfuls processor and lower starting point at $399 i asked cook if he was worried about the se denting demand for the higher priced models and then tanking his margins cook dismissed that telling us we are never worried about cannibalization. our view is if somebody is going to cannibalize it better be us there's probably a little overlap between the two. the se right now coo

>>> let's get out to josh lipton who joins us with box co-founder and ceo aaron levie. josh. >> thank you, jon. aaron, thank you for joining us. >> thanks for having me. >> so, aaron, one trend i want to dig right into here, it's something that you've been talking a lot about and emphasizing and you talked about it on the conference call was that we're entering this new normal, that thanks to the pandemic the resulting fallout, you see, you argue, these businesses really changing how they operate, how they work, that you see these companies working now overtime to become these digital first workplaces what exactly did you mean by that, aaron, and why do you think your company box is well poised to capitalize on that trend? >> yeah. well i mean first and foremost, it's obviously very unfortunate that that acceleration is being caused by a health and economic crisis and obviously events are tragic, but, you know, what is happening within organizations, companies are saying we want to be in a position now to be able to always serve our customers no matter what the environme

let's get to josh lipton with the details. >> activision ceo was just on cnbc saying all franchises haven increase in users and engagement and saying it's hard to know, he says, how much of that is from the work from home trend versus that content appealing to gamers. will there be a delay in new releases because of work from home content planned to be released this year is still on track like the next premium release of call of duty. as for esports it isn't being played in front of live audiences, but they have moved competitions online and he says there is more interest in those coverage tigzs and ea, a different story and the ceo andrew wilson on the call saying they did see rising usage and engagement in live services and in-game transactions and subscription services and he called them the legends growing strongly and that's the ea's answer to fortnite i caught up with michael pacter at web bush and he said ea is growing by what they said it would. investors were simply expecting stronger growth because of that work from home trend and especially what they just heard from act vigdz

morning but amazon and apple are the two big earnings stories and on the plap front we turn to josh liptonthe hour hey, josh. >> as we know millions of people are now working and learning from home. i got the chance to speak with apple ceo tim cook and asked about that, how is that impacting business, how is that impacting demand for his products and services? cook telling me, it's clearly helping the ipad and the mac we envision both of those to have improving year over year performances in this current quarter. what we see is that the use age of face time has gone through the rife, not getting talked about as much, but the usage says otherwise i asked cook about the new iphone, the se that comes with th

josh lipton has been tracking that story for us. >> so wilf, check out the etf that tracks the chips. it's now on pace for its worst week in nearly two months. though still up sharply from its mid march lows checked in with chris of susquehanna. he thinks some of the sell off is overdone though yes t u.s. government is looking to cut off huawei from american shares, but that could mean good news for rivals, an opportunity to gain share. u.s. semiconductor companies can still ship to those firms. tsmc now saying it's going to build an advanced semiconductor fab b in arizona spending $12 billion to do so with support from the u.s. government now it isn't clear what that support means, production starts in 2024 and will create 1600 jobs according to the company. back to you. >> thanks so much for that and sara, this is a weight on sentiment in the broad er marke. interest thag the rest of the market has shake beikaken that . the tsmv news is interest iing n terms of the delay we've got until we get to that point and i guess there's still a lot of room for this to never take effect for de

get to all those big stories in a moment, but first of all, we have breaking news on apple and josh lipton has it for us >> that's right. apple just now saying it's going to start reopening some stores here in the u.s. next week so specifically apple saying some stores in idaho, south carolina, alabama and alaska remember in total, they have 51 stores around the world. 271 in the u.s apple saying in a statement that its primary focus here providing service and support at the genius bar to making sure its customers work, learn and play at home. they can continue to rely on those apple products customers will also be able to order online for pick up at a store. expect to see now safety measures at the stores that means temperature check, face coverings and social distance iing and thatst going mean a limited number of visitors in the store at the same time so that's a big change when will other tore stores reopen tim cook telling cnbc that decision is going b to be driven by the data he's going to go city by city, county by county guys, back to you. >> thank you apple stock remains higher al

. >> josh lipton thank you. nk, how do you think about hpe shares down almost 6% given the comments on how covid-19 pandemic is affecting the business josh just shared? >> yes, i'm actually surprised it is down this much it was a really disappointing quarterer and not having guidance is challenging but we know their exposure in the smb market and we know about the supply chain issues and the stock was already down 34% i look at the balance sheet and it is okay they've been 4.7 billion in credit facilities, so i want to hear more about that on the call but i also want to hear about china and are their facilities back up and running. i'm not involved in this name. i think there are many other places in technology that you can own that are actually winning in this environment. >> steph, we're waiting for some more earnings from the likes of nvidia you are involved in that what are you expecting there >> i like the stock. i don't like the valuation it always keeps me up at night at 76 times forward although amd is at

. >> we've got the first earnings report out back to the broader markets in a moment josh lipton hasmbers. >> so, wilf, cisco q3 earnings per share 79 cents the street was at 69 cents revenue comes in $11.98 billion, the street was $11.7 billion nongap gross margins clocking in at 66.6% for the quarter infrastructure platforms down 15%, referring to the company's core network offerings applications down 5% that would include webx, its video conferencing service which goes head to head with companies like zoom. looking ahead, q4, they say expect eps between 72 and 74 cents. they see revenue declining between 8.5% and 11.5% the street thought it would be down 12% this conference call kicks off at 4:30 eastern and we'll be on it back to you. >> josh, thanks so much for that one. mike santoli, cisco holding up in what kind of way relative to some of the other big tech outperformers? >> it's more on a defensive side of things. so it's not as much the secular grower independent of gdp. cisco is kind of a gdp, world gdp plus or minus-type top-line grower but very strong balance sheet, much

salesforce in particular josh lipton. >> sales force is reporting 70 cents versus expectations of 69ts and revenue at 4.87 billion. street was closer to $4.85 billion. the software revenue earning 4.6 billion. in line with expectations. professional services. so their consulting services 290 million for the quarter. turning to the guidance here, they're looking for q2, between 66 and 67 cents. that's light the street was looking for 75 cents ab the revenue forecast, they're looking for between 4.89 and 4.9 billion. analysts were hoping for more like $5 billion and for the year, they say look for eps between 293 and 295 and they say look for about 20 billion. just looking through the other areas. sales cloud, the company's flag ship product, 1.25 million service cloud, so customer service 1.25 billion sales platform, 1.4 billion. marketing commerce cloud, 714 million. that call starts at 5:00 p.m. eastern. >> don't miss jim cramer's interview tonight. but mike, salesforce i guess one of those software stocks that's higher year to date which is obviously rare versus the rest of the ind