let's get a check on top stocks to watch kristina partsinevelos is here kristina >> the ev maker plans to offer $340 million in convertible debt with the potential to double that amount. you see shares are up 13.5% right now. this is all in an attempt to use these proceedses from that raising that debt for an additional battery pack line and the market likes it and it's driving the stock higher ralph lauren, shares are hitting new 52-week highs as the fashion brand enters into a five-year revolving facility the company also announcing it will be returning to new york's fashion week this is just after a four-year hiatus the retailer, keep in mind, has cut back in the presence on lower-end department stores all in an attempt to be considered a high-end brand again scott? >> kristina, thank you we'll talk to you soon stocks are in the green across the board and the dow rebounding from last week's slide and my next guest says he's being cautious when it comes to equities and playing the risk reward is not that great le let's bring in elizabeth burton of goldman sachs >> you don't want to c

kristina partsinevelos looking ahead to the russian fintech names reporting next week.&p, up 1% on the week and i guess the bottom line is nothing that happened this week, whether it was the third or earnings or anything else upset the story or the road that this market appears to be on? >> that's right. my takeaway from this week people are really fully embracing the soft landing it's been turbocharged this week among individual investors, institutional investors. we are seeing the fed come around to the idea of a soft landing and they think a recession could be arrived one warning sign as i was looking at deutsche bank data recently showed that eight of the past 11 hiking cycles were met with a recession however, they usually didn't arrive until two years after the fed started raising interest rates. so watch out for 2024. >> yeah, but, i mean, the market stig suggests that the fed may not be done yet, right >> you know, a lot of investors you have been talking with do think that the fed just hiked interest rates for the last time and it is interesting because one thi

see what i did there, kristina partsinevelos?your subtleties >> you didn't like it. >> now we'll see best chipmaker, nxp, over 50% comes from the auto sector, that sector that's offset other things. the street is expecting high single-digit growth year over year but there are concerns about a slowdown coming to auto. today rosen bblatt downgraded i with weaker chinese numbers, leading me to my second theme. last year, china accounted for 36% of nxp's total revenue a slow recovery could slow to doesn't earnings there was a warning of a 10% drop in seams due to weak electronics sales, especially from china that's why mizzou has a different rating reports today say apple expects iphone shipments to stay flat year over year will nxp say the same thing? investors will be looking to this for new trends. they're underperforming compared to taiwan semiconductor, the largest chip may rememberer in the world. but both, lots of concerns about china. >> taiwan semiconductor, tsm can you give your viewers insight? it's the largest chipmaker i

kristina partsinevelos is standing by with those hi, kristina. >> hi.mes are partnerships. jetblue ending one and jets extending one. details on the moves next. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ >>> less than 19 minutes till the "closing bell. the s&p off by one eighth of 1%. kristina partsinevelos is back. >> jetblue wants to protect spirit airlines even if it means it ends its partnership with american airlines. jetblue said it informed american of its termination of the three-year alliance so there would be no objection, but american plans to appeal the ruling you see jetblue down 7%, american, down 2% and spirit up 1%. >>> genius sports will continue to have a exclusive partnership with the nfl and statistics. >>> a last chance to weigh in on the twitter question we ask what do investors want to see in tomorrow's payroll number do we want it to beat expectations, downside surprise, or in-line with expectations h

intel delivering a surprise profit kristina partsinevelos to break it all down. plus, set the table r d.foam k, you can find us in big cities and small towns across the us, where our focus is to always support the people who live and work there. because you call these communities home, and we do too. pnc bank. (bobby) my store and my design business? we're exploding. but my old internet, was not letting me run the show. so, we switched to verizon business internet. they have business grade internet, nationwide. (vo) make the switch. it's your business. it's your verizon. oppenheimer is magnificent. the new york times calls it staggering. it's utterly enthralling and one of the best movies of the century. >>> welcome back "chart of the day" is intel. shares are surging today the company returning to profitability after two quarters of losses. kristina partsinevelos is with us at post nine. so it's a nice reaction to the stock. but as you pointed out, because i read your email and i read it again, every segment of the business, though, was weak >> exactly the posit

kristina partsinevelos is here >> ebay having the worst day in a year overshadows a beat on revenue. they saw the gross value down 10%. quantumscape is moving in the opposite direction popping over 13% even though they have never owe fixly sold anything yet and reported a wider than expected loss it makes lithium level ev batteries. investors have focused on a launch of its first commercial product with a perspective customer in the auto center keeping us guessing. there was some improvements in the manufacturing. that's why shares are popping. scott? >> kristina, thank you. >>> meta is moving higher. we have the first take on the numbers next plus, apple and amazon, front and center next week with their own earnings that's when we come back live at the new york stock exchange watching "closing bell" on cnbc. from big cities, to small towns, and on main streets across the us, you'll find pnc bank. helping businesses both large and small, communities and the people who live and work there grow and thrive. we're proud to call these places home too. they're where we put down roots, and

in the meantime, a check on top stocks to watch as we head into the close, and kristina partsinevelosns us as always with that. >> pinterest jumping higher to outperform from evercore isi digital ad spending will stabilize and there might be indications of a recovery for this stock in the second half of the year and that's why it is up 4.5% in the bullish call and it came out in the afternoon. meanwhile, prologis and posting a record quarterly earnings report and they boosted their outlook for the year, but investors are focused on the fact that the industrial real estate investment trust which is prologis lowered its rent growth forecast and they expect vacancies to increase in the second half of this year shares are down 4% the prologis ceo will be on to talk about the latest quarter and what the company plans to focus on going forward good stuff thank you very much, kristina. we're just getting started stocks are higher across the board. our next guest, though thinks the next leg higher could be in jeopardy schwab's kevin gordon is back. he's been cautious and he'll talk us to now

sfx: bubblewrap bubble popped sound. >>> 15 minutes before the closing bell kristina partsinevelos isack with us with the key stocks she's watching kristina >> we got to talk about coinbase this stock is it skyrocketing after a partial win for crypto ripples laps crypto token wasn't an actual security when sold to members of the general public, but not institutional investors hence the partial win part of it but coinbase is fighting the s.e.c. about its unregistered token sales and this ruling could bode well for its own regulatory battles that's where the stock is up over 24% some bad news, some people might be having internet trouble viasas said an unexpected event could affect their satellites. no details on the actual issue, but they said they're working on it and that's why that stock is down almost 29% right now. scott? >> thank you kristina partsinevelos the results of our twitter question will stocks hit a new record high in 2023 the majority of you said yes, they will. near 65% wow. all right. >>> up next, alphabet's ai push. that stock is soaring in today's session. got the

kristina partsinevelos with that >> let's talk about shares of riot platforms they're surging to new2-week high today after releasing its production numbers from last month. the crypto mining platform saw an increase in bitcoin production last month. shares are up almost 13% right now. the stock really has seen just this massive -- look at this -- this massive run-up this year as shares are up, what, 350% just in 2023. there's that a.i now, let's switch gears and talk about the retail space levi strauss is falling after the company slashed its profit outlook for the rest of the year, driven by a steep drop in wholesale revenues kontoor brands, down almost 8% it's falling in sympathy you can see both levi strauss down, kontoor, almost 8% do you have wrangler's >> not in a long time. maybe when i was -- mom was shopping in the children's section for me >> you're like a levi's guy. >> appreciate it we are just getting started. still ahead, amazon ceo telling cnbc yesterday he has no plans to spin out aws, so what could be the next catalyst for that stock? we'll ask a top analyst. >>> pl

thank you, kristina partsinevelos. we appreciate it other legacy, quote, unquote, cisco upgraded today, jpmorgan jimmy, you used to own ibm until you couldn't take it anymore >> we have different objectives, right? >> i couldn't take it anymore. >> you do own cisco and qualcomm added to the focus list. that's on the bottom there >> different companies of course but you're right to call them legacy tech or value tech. because of a lot of doubts over the last year or so about their businesses qualcomm, smartphone sales that have underwhelmed the last year, year and a half is likely to come out of its trough the analyst talks about china perhaps but there's reason to think you can only go so long without upgrading your phone they have a very good automotive business, internet of technology business the valuation very forgiving from an earnings basis, a peg ratio basis, good dividend yield, this is very similar to your ibm in that regard. >> joet, you have cisco in the joet >> the value tech building momentum and moving fo

i'm kristina partsinevelos they're looking to clear broadcom's $61 billion adware. the ceo promised the investors uld would pass by year end and now they're saying eu antitrust regulators are planning just that, but that doesn't mean it's completely in the clear. the uk plus u.s. regulators are still investigating whether it would lead to weaker competition and drive up the cost of computer parts and software. keep in mind they bought them back in may 2022 as part of a push to move it into a chip computing company. broadcom is down ever so slightly kelly? >> indeed. kristina, thanks kristina partsinevelos. >>> let's move on now to "three stock lunch," taking a look at some of the biggest calls. we'll start with jpmorgan's jeffries upgrade they're giving it a strong earn potential. up 10% this year we have the ceo and cio. she's got her trades sylvia, how can you not be a buyer of jpm >> hi, kelly great point. they boosted their outlook by 11%. jpmorgan is very much the fortress of banks. they've opened up more accounts than they ever half because of all the bank iss

kristina partsinevelos is here with us on set to go through this a little bit as we talk about what's happening in the other areas of tech. it's chips and software. >> ai was the night in shining armor. taiwan semisaid it contributes 6% of total revenue, that it will grow at 50% that's great not enough to offset the weakness we're seeing in pcs and smart phones they did have a profit drop we haven't seen in four years maybe that's bad they did lower stales guidance because of weaker growth coming out of china but we kind of knew this, the weakness in china would hit. ai is helping but it can offset the weakness we see elsewhere. >> you've been talking about smh. so many of the areas within tech have had a great run and then you hear news like this or maybe what i was saying about s.a.p. and the software space oracle is in the red maybe it's a reality check on a breadth that needs to be taken in some of these areas >> 100%. 100% how much of a reality check will people take when it comes to nvidia they guided, what, to 11 billion. blew it out of the park for a lot of analysts. if they g

hype is keeping that stock higher than tsmc >> kristina partsinevelos, thank you. great stuff. turn to d.c. and washington following the beijing lead with regulation emily wilkens is joining me with that story >> reporter: frank, behind closed doors, kevin mccarthy wanted to figure out a.i it is a working group with five democrats and four republicans mccarthy hopes this is the start of a.i. policy that both sides of the aisle can agree on. >> i'm trying to watch the individuals i brought together republicans and democrats who i watched inside the briefings care about this and have great knowledge. we devised a plan to bring a foundation legislation that can build on it self >> reporter: democratic congress member don beyer said they are not likely to pass bills once they pass the technology this group hasn't discussed legislation yet, but there are bipartisan bills on a.i. which have been introduced in the last few months they include potential fines for models that collect personal data and prepare for workers who might lose their jobs to a.i. and prevent a.i. from launching

joining us now with more is kristina partsinevelos. kristina, was a win for hollywood, right?word "barbie" or "oppenheimer" or seeing people dressed in pink throughout the city. it's no wonder a double bill had a huge box office opening. combined we saw domestic box office sales of $244 million. with "barbie" as you mentioned ringing in $162 million. pretty much double "oppenheimer" domestic sales. but it's still very, very rare to have two movies do so well during the same weekend. the ceo said there were even sellout shows at 4:00 a.m. across the globe. marketing around this was incredible. especially the concept of barbenheimer, that had people with double features. both films also scored ratings of at least 90% on rotten tomatoes. it did very, very well. >> these movies were so hyped everywhere, but including on twitter, which, kristina, apparently has a new logo? >> yeah, this is part of a rebrand. twitter owner elon musk changed the bird to an "x." this is the sweeping rebrand of an everything app, banking and payments, too. keep in mind, elon musk acquired twitter and s

. >>> up next, we are tracking the biggest movers, and kristina partsinevelos is back with us. >> oneial media app attracting millions of subscribers and their stocks are moving, and i will have the details, next. dude, what're you doing? i'm protecting my car. that's too much work. weathertech is so much easier... laser-measured floorliners up here, seat protector and cargoliner back there... nice! out here, side window deflectors... and mud flaps... and the bumpstep, to keep the bumper dent-free. cool! it's the best protection for your vehicle, new or pre-owned. great. but where do i---? order. weathertech.com. sfx: bubblewrap bubble popped sound. the first time your sales reached 100k with godaddy was also the first time your profits left you speechless. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com >>> less than 20 to go before the closing bell, and kristina partsinevelos is back with a look at the stocks to watch. >> let's talk about shares of snap they are up less than 1%, and if this stoc

kristina partsinevelos is with us. >> and under pressure railroads giant's revenues lower than expected company citing soft intermodal volumes and slowdown on imports and working through worker shortages and supply chain disruptions. why shares are down about 3.5% elsewhere in transports, maxim having a great day container ship giant, matteson, issues results well above estimate china service near ly folgering peak season currently up almost 9% happy friday, scott. i'm outta here. >> have a good one kristina partsinevelos. >>> and latest summit wrapping up at the white house. executives from a number of lead be companies in that space there today, we're there talk to co-founder mustafa su lc sulyman. live from the new york stock exchange you're watching "closing bell" on cnbc. young lady who was, mid 30s, couple of kids, recently went through a divorce. she had a lot of questions when she came in. i watched my mother go through being a single mom. at the end of the day, my mom raised three children, including myself. and so once the client knew that she was heard. we were able to help h

profit miss cautious guidance from taiwan semi sending chip stocks lower today kristina partsinevelos> seems like ai hike can only go so far. the message from tmc management on earnings call why? ai only contributes 6% of total tsm revenue. expected to grow in five years but not fast enough to offset weakness in smartphones and pcs. a bigger percentage of industry revenue. stock on the screen selling off almost 5% bringing smh low perp equipment names like seeing applied material, hit hard because t tsmc reiterated low end of the rate. spending less, less revenue for equipmentmakers. seeing a lot lower and deutsche bank arizona fab will be a short-term negative also for these names could be pressure in coming months debate now on whether now is the time to buy the difference since demand for electronics continues to be weak second half morgan stanley and mizzou say buy since guessing bad growth out of the way and jpmorgan thinks the stock will possibly go lower, but gains over the next few years. alluding to a cash dividend adding to the long-term play for the name bottom line, demand

kristina partsinevelos is here with us at post nine as the street keeps upping its optimism around the name. a stock that's up better than 200% year-to-date. >> citi was the latest with their stock target r target. it was hard to find any company without a $500 twelve month price target the list goes on not only is nvidia a first mover with gpus but it's the a.i. in a box, the entire ecosystem and the software that's programmable that's going to be a selling point for nvidia in the coming years and sets it apart from competitors like amd, intel as well they're lacking the software ecosystem. the one name that doesn't come as much but should is meta they have their own a.i. software stealing market share from nvidia maybe not as add vanced but something to look for in the future. >> joe, this is your stock the bar has to be incredibly high any hiccups whatsoever do what >> the stock falls back and everyone comes in to buy it who unfortunately don't own it already. as i said before, we built in this cushion that is so remarkable underneath the market i call it the megacap put. last week

our kristina partsinevelos, especially with secretary yellen in china as we speak >>> bryn, over to you. you own nvidia that's what kristina mentioned at the top of her hit. big runup so far this year high valuation, the ai leader. >> i think it will continue to be the ai leader i think amd will ultimately catch up or at least participate. nvidia's numbers don't come out until august 23rd. this continues to be one of the names that investors when they want to play ai are going to own nvidia as a core there's not that many pure plays in the public market and nvidia is a clear winner. for me, the way i managed it, i took part of my position when the stock went to 400 and i sold the september 450 calls and collected $23 a premium. so if september 15 it's at 450, that position will get called away, but i'll have made 23 extra dollars for that i did that because i think it's had such a big run this year the stock has had multiple years where it's up 100, 200, even 300%, so i wouldn't count that out. as an asset allocator that felt comfortable to me to collect that big premium when there was

kristina partsinevelos, thank you.peaking of the meme stocks, cnbc pro out with a new screener looking at some of the run-ups in those names this month, many of which still have some room to run. that's according to wall street. while others have already seriously surpassed expectations so here to chart some of the names is jessica inskip, director of product at options play joins us right here. jessica. let's talk about amc >> yeah. so amc from all fronts i see a very clear downward trend. so very bearish. we're zooming in on a daily chart because it's a short-term traded security, so we need to talk about the short-term trading targets. that 200 daily moving average, that is your clear downwards trend. but you can see it is not enough even if you surpass that because there is a series of lower highs constantly so what i need to see is that short-term resistance of about 611 here to be a new higher high, so overcoming those lower highs in order to have more of a bullish stance so that's going to take some time but i w

kristina partsinevelos here with that. >> i'm betting on texas instruments. i'm reporting on that. let's move to gm because investors are pumping the brakes despite an upbeat guidance that is dependent on successful talks with u.s. and canadian labor unions in months ahead gm is recommitting to the electric chevy volt but says a supplier issue has slowed down manufacturing of evs wow, let's talk about ge, at its highest level, actually, since 2017, after handily beating earnings and revenue estimates the industrial giant is raising its full year profit guidance, sending strong arrow space demand and record orders you can see shares are up over 6% and finally, biogen is under pressure today as the biotech company slashes around 1,000 jobs to cut costs. this comes as the company rolls out its newly approved but unprofitable alzheimer's drug in the united states. it also reported earnings and revenue, the top estimates but those shares are still down about 3.2% right now brian? >> we just talked about biotech not being able to get out of its own way. there you go kristina partsinevelo

and even lenders' behaviors. >> definitely has a psychological component, too thank you, kristina partsinevelosazon prime day kicks off today. b of a estimates the sale will bring in nearly $12 billion but forecasting the worst prime day since 2018 we'll break that down next. >>> shares of jetblue hitting turbulence this morning. evercore downgrading the stock 's uerig it down 3% good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. (vo) it's time to switch to verizon. sadie did. and now she has myplan. td ameritrade. the first unlimited plan that lets her choose exactly what goes in it. now she gets to pick only the perks she wants and saves on every one. and with an incredible new iphone on us, no wonder sadie is celebrating. introducing myplan. get exactly wha

thank you, kristina partsinevelos. >> they mentioned ai many, many times.that memo >> not really helping the stock right now. kristina, thanks down by less than a percent here dan, back in 1980, ibm was the apple of its day it was 7% of the s&p 500 now look at it >> max is a genius watson they pull out watson whenever there was a craze. chess in the '90s, blockchain. that's watson. that's their thing i don't know i mean, listen it doesn't seem like any of their businesses are particularly doing that well, and they seem to be chasing. >> up xtfil adne, natres thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. (christina) with verizon business unlimited

. >> joining us now, cnbc correspondent kristina partsinevelos and nbc news technology correspondent writers concerned about the rise of ai? >> well, for anybody who has spent any time on tiktok or anything else that can automatically change the look of your face in a video, they know how incredibly life-like it is. at this point, the writers strike has already been all about ai and the worry that things like chatgpt could wipe them out and with actors, it is similar. one thing offered was something about a background actor ai agreement, if you're a background actor, a person who would sit in the background of a scene, you would be offered a single day's pay and be scanned in for use by ai from then on. it would be the end of your work is what these actors are saying. they're pushing back against a future in which you could ask ai to make you a buddy movie set in the renaissance period with mel gibson and tom hanks. it is that kind of future they're trying to negotiate against and worth pointing out the workers guild of america just concluded talks and their new contract prevents gen

kristina partsinevelos up next, tesla's moment of truth and the company coming together to report earnings after the bell and just the last three months >> dan ivess is here, and later putting public service over profits and we'll bring you the details of a new bipartisan bill that could ban lawmakers from owning individual stocks is it dead on arrival or not we'll fiend out. we are live from the new york stock exchange, and closing bell on cnbc. ♪ ♪ ♪ opportunity is using data to create a competitive advantage. ♪ it's raising capital to help companies change the world. ♪ opportunity is making the dream of home ownership a reality. ♪ ...and driving the world forward to a greener energy future. [applause] sometimes the only thing standing between you and opportunity is someone who can make the connection. at ice, we connect people to opportunity. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy?

kristina partsinevelos here with those. >> well, at&t is under scrutiny after jpmorgan downgraded the stock to neutral, slashing its price target by five bucks to $17 a share. there's two reasons. increased competition from verizon and t-mobile, and the second reason, toxic lead. a "wall street journal" investigation revealed that u.s. phone companies, including at&t, have left behind more than 2,000 old unsafe lead phone cables found under poles, waterways, and in the soil, which will be very costly to remove. other telecom names like verizon, frontier, lumen, down almost 10% frontie frontier communications down over 11% on this news. >>> western digital shares popped mid afternoon on news that it plans to complete its merger with japan's kioxia by next month, the weak memory chip market putting pressure on these names to join forces but now you can see it's pretty much flat. mike >> all right talk to you in a bit >>> banks, a big underperformer today despite better than expected results from jpmorgan, citi, and wells fargo. up next, we'll discuss what that could mean for next week's

kristina partsinevelos has the story. >> that's because profits are back after two quarters of lossescomputing business which really encompasses laptops and pc processor shipments what does that tell us it the pc bottom is in that helped factory utilization and the company is continuing its massive cost-cutting plan. you're seeing on your screen cutting the dividend, ceo pay, et cetera. those two factors did add to intel's improved margins and bullish margins. amd hired on intel's positive pc it's not a complete turn around for intel. i say that because its data centered supply did lift they said cpu sales will fall this quarter why? because, quote, near term wallet share focuses on a.i. accelerators rather than general purpose compute in the cloud aka, a.i. chips are cannibalizing traditional servers. for that reena lone bank of america is rating it, quote, even though intel highlighted $1 billion pipeline it, quote, pales in comparison. recall the beat and guide is based solely on personal computer improvements but the weak data center business is still an overhang for the stock. it

we're going to get headlines with kristina partsinevelos. hi, kristina >>> a russian fighter jet flew dangerously close to a u.s. drone over syria according to the air force. the jet was within feet of the drone when it released a flare causing damage to the propeller. this is at least the third near collision this month between russian jets and u.s. drones over syria >>> another nfl player indefinitely suspended for betting on league games. the tenth player to be suspended for gambling or betting on sports while in nfl locker rooms. the broncos' defensive end will be able to petition for reinstatement in july of next year >>> europe is taking the lead on expanding the ability for charging stations, installed every 40 miles along the eu system of highways and must allow payments by card or contactless device without a subscription set to take effect in 2025. maybe that will happen here. courtney >> we'll see kristina, thank you very much. up next, our "call of the day. this retail stock down more than 13%, but one firm says shares could doubl

here to explain that, kristina partsinevelos. hi, kristina. >> hi.e stories, a bankrupt company and memes all have in common the speculative connection on reddit gamestop chairman ryan cohen. bed bath & beyond filed for bankruptcy in april, delisted in may and now trades as an over-the-counter stock that a lot of people aren't usually interested in because their bonds are worthless, especially at overstock paid $21 million for all of bed bath & beyond's ip yet the shares on the over-the-counter market have soared almost 300% since it's delisting, which is pretty uncommon for a bankrupt business, to see such a spike, especially when shareholders are the last to be paid in any sale. the reddit crowd has its theory involving teddy holdings which filed trademark applications to be online marketplace for towels and bedtime stories. the reddit crowd noted tedding holding address is the same of teddy bear books written by ryan cohen. he did cash out of bed bath & beyond just last year. he made over 50 -- you're seeing on your screen, $59 million. and now in

kristina partsinevelos is here with all of that hi. >> let's talk about domino's pizza. it's looking to spice up its delivery, launching a partnership in four pilot markets in the united states this fall, across the country by year end, and eventually internationally. this is a big change, since the company has long avoided using third-party delivery apps in the u.s. >>> chinese tech names, they are higher in the hopes that the years-long crackdown on the sector is over the nation's top economic planner and other government officials met with several senior executives from large tech companies, not showing china's change of tone >>> kristina, thank you. >>> we're just getting started here up next we're headed out to sun valley bobby kotick joins us. hi first tame on the move, that's after this break. you're watching "closing bell" on cnbc. there are currently more than 750,000 unfilled cybersecurity jobs in the u.s. the google cybersecurity certificate was made to fill that gap and help grow the workforce that's keeping us all safe. i was told my small business wouldn't

kristina partsinevelos. >> only so far because you allude to it saying the short-term frenzy, using those words, about ai definitely not extrapolated from the long term. and estimated 50% compound annual growth rate over the next five years believing ai will grow but tell us the ai market literally just 6% total tsm total revenue still too small to offset you see on the screen lowers than on the screen, 4.5% lower than first quarterly drop in four years guided 10% drop full-year sales and guided capital expenditures low end of the prior range having a negative effect on equipmentmakers. lastly delayed arizona production the plant in arizona to 2025 because of lack of skilled talent in the united states. all of this specifically hurting the sector, hurting smh and stocks and equipmentmakers like lan, kla, applied materials. down 4%, 3% lower, but expected news we've talked about and for anyone not nvidia, what's happening, environment weaker, customer inventories trying to level out and then china's recovery still slower than expected that could change chips analysts for china's industry b

thanks kristina partsinevelos >>> pretty stead action. s&p is down a point.take the lead this morning, up 1% don't go away. you know doug, ever since switching to workday you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! oppenheimer was the father of the atomic bomb. we were intervening in the course of human history. detonator's charged. 3... 2... 1... >>> good friday morning. i'm carl quintanilla with courtney reagan. setting at again da today, chicago fed president austan goolsbee live at 11:30 we'll talk about today's jobs number. >>> group one automotive ceo darrell cunningham is also with us he'll talk about u.s. auto sales as they surge in the first half on strong demand. >>> and torsten slok is here. >>> let's ge

. >> that was our kristina partsinevelos. >>> investing outside the box.out >>> we're looking at the futures. the nasdaq up over 1% in the premarket. we're also looking at the s&p up over half a percent and dow on a near historic win streak up fra fractionally we'll continue to watch it much more "worldwide exchange" coming up after this break ♪ to help you see untapped possibilities and relentlessly work with you to make them real. ♪ >>> all right, time for your big money movers imax beat estimatesing with help from super mario brothers and now "oppenheimer" and "barbie. the results come as moviegoers show a preference for seeing movies in premium theaters shares of imax up over 5.5%. >>> ebay, despite beats on earnings and revenue for its most recent quarter, higher investment in auto parts and collectibles adding to its dimmer outlook shares down almost 5% in the premarket. >>> volkswagen shares driving lower after they reported higher revenue but reaffirming its 2023 outlook and lowering its full year deliveries as it's hedging effects and pressure fro

kristina partsinevelos is here with that. >> thanks, mike. another earnings beat and raised outlook for semi the bullish outlook is due to their industrial and auto business gaining momentum with the transition to electric vehicles and alternative energy. on semi is able to benefit the stock is up about 2.6% right now, buttist trading at an all-time high, up 72, almost 73% year-to-date speaking of stock highs, adobe seeing its shares hit a one-year high on the back of the company's artificial intelligence enabled products. that's why morgan stanley analyst upgraded the stock with a price target increase to $660 from $550. adobe may have been late to the party for a.i., but its platform for adobe creative cloud could be a major earnings driver going forward. that's why the stock is up 3.5% and up 63% year-to-date. >> thanks so much. >>> we are just getting started here up next, the fate of the tech rally. amazon and apple both reporting results this week. we'll break down what to expect right after this break we're live from the new york stock

for chip makers in the first half of the year, but will the hype remain as the continue and kristina partsinevelos has all the answers. >> and the crystal ball. let's talk about it. up 200% year to date all of these tickers, vastly outpacing the s&p tech index and like they asked, can thi pace continue in the second half of this year well wall street thinks pretty good about it. expecting a 10% to 15% drop in ai stocks. and positivity priced in to lot of these names and a new june deutsche bank thinks nvidia will more than half double. and the name is still popular as they assigned the top pick a they bumped the price target from 300 to 225 and the list continues. but it's not all about ai here i don't want to talk about that but there are signs of stabilization in the pc market with intel raising the midpoin of its second quarter outlook. micron also expects customer inventory levels to be a "normal" levels at year end. but sometimes you've got to hi rock bot ton first competitor samsung expects the lowest quarterly profits in 14 years. they just announced this raising questions about th speed of

. >>> and kristina partsinevelos on the chip stocks are sinking today. welcome, all. scott, love to have your take as we embark on this 2nd1/2 of the year. is an interesting kind of nuanced combination of observations we have here. on the one hand, looking for the potential of a recession maybe the later part of the year, and looking squeezed. yet, you're preferring some cyclical areas of the market vs. defensive's. how does that square? >> as we redefine growth, cyclicals and offensives, they are a real cluster, which is an indicator of growth for the component committee will come up about 30%. cyclical is up only 2%. there down 2% predicable discussion points here. one, how can we be exposed? looking for paul-backed up to be more aggressive. for new money, we're more comfortable putting it in the cyclicals over defensive's, either on the premise that the recession timing will continue to be pushed down and or into a fed pivot, potentially further into the your. both of which, we think, could help the cyclical component of the market. >> yeah. it's a was as if there'

kristina partsinevelos is here on set to take us into the numbers. >> intel's profits are back, babyfter two quarters of profit losses, they posted an earnings per share of 13 cents. much of that has to do with cost cutting, or as zuckerberg likes to say, the year of efficiencies in february, intel culaid off staff with a goal to save $3 billion just by this year. and then $10 billion by 2025 but you can only cut costs so far. what about driving demand? so, in this current, or, q-2, intel's client computing group, which includes laptop and desktop processor shipments fell 12%, but was higher than anticipated and much of the reason for the overall q-2 beat. and also adds to the narrative that pc sales have bottomed. but there are concerned with data center revenue and a.i. revenues that's down about 15% year over year the company earnings deck actually blamed competitive pressures, and on the earnings call that's going on just now, i was listening upstairs, the ceo warning q-3 server cpus will decline because of near term focus on a.i. accelerators rather than general purpose compute.

i'm kristina partsinevelos at the nasdaq let's talk about nvidia shares because they're seeing a littletility today. they started over 3% higher after truce boosted its price target by 16% to $545. the analysts saying their industry contacts in the electronics business are increasing their demand for data centers, which bodes well for nvidia you can see right now shares have dropped and are about negative 0.5, half a percent lower because options contracts in nvidia right now are triple today what they've been in the last ten days. that contract volume shows investors using derivatives to chase money and usually results in more stock volatility in the future a little uneasiness right there. that's why the stockhas sold off throughout the day. >> interesting thank you. obviously a stock we watch closely. >>> a big week for retail. ibuy up 9% this week amazon up 4% affirm, carvana up 20% peloton up 8% for the week what does this say about the strength of the consumer or are these different technical moves? for more on the consumer and where to invest in retail, let's bring in analyst we w

. >> let's get the headlines from kristina partsinevelos hi. >> hello president joe biden met with turkishan during the nato summit in lithuania thanked for giving the green light. the president would forward sweden's bid ending months of opposition that put a strain on the alliance president biden's pick to lead the joint chiefs of staff began his confirmation hearing this morning before the senate armed services committeegeneral charles brown has led the salesforce since 20-- air force since 2020. >>> sotheby's about to auction off the skeletons of two creators, one of the largest flying animals to have existed with a wing span of 20 feet expected to fetch just $6 million. meanwhile, the sea roaming is expected to go for up to $800,000 it is thought to have inspired the silhouette of the legendary loch ness monster. scott. >> all right a big space to display those right. >> i'm sure they will. >> yeah. thank you. see you on "closing bell." >>> coming up our chart of the day. industrials hitting a new high today. where the committee stands on that sector is next. you should get a second o

kristina partsinevelos is here with the semis slump >> let's talk what the message is the ai hype can only go so far that's exactly what management paraphrasing said really early tonight because ai only contributes 6% of total tsmc revenue. yes, that 6% should grow to double-digits in five years, but it's is not growing fast enough to offsee the weakness we're seeing in smart phones as well as pcs, which is a much bigger percentage of industry revenue they fell 5% but brought down the sector like the smh, a good barometer. other equipment names you're seeing on the screen got hit hard because tsmc reiterated its capital expenditure spend at the low end of the range tsmc also plans to low down production of its arizona hub due to lack of skilled workers here in the u.s., highlighting another issue for equipment makers so now the time to buy the dip, especially when demand for electronics continues to be weak in the second half of this year, according to tsmc? morgan stanley, mizuho both say buy since tsmc's long-term growth remains unchanged jp morganthinks gains over the next few year

i'm kristina partsinevelos with your cnbc news update ukrainian president volodymyr zelenskyy landeds ago to attend a key nato summit there zelenskyy's attendance called into question after he criticized the alliance for not setting a timeline on his country's path to membership president joe biden has said he doesn't think ukraine is ready for full membership but the u.s. and allies are continuing to support kyiv in the war with russia. >>> ex-theranos ceo elizabeth holmes sentence is shortened by two years. she reported to the security facility to begin an 11-year 3 months sentence on wire fraud conviction she is scheduled to be released in 2032. >>> people who live in iceland's capital city instructed to close windows and stay away from a volcanic eruption that government officials say is spewing toxic gas. the activity started after intense earthquake activity in the country on monday and expert says the lava flow is slowing down and the gas plume is getting smaller. >>> carl, back to you. >> christina, thank you very much. >>> about an hour into the trading day on this tuesday m

. >> thank you i want to bring in kristina partsinevelos with more on the chip she covers the sector. into earnings. >> and actually news this week, because reportedly intel qualcomm as well as nvidia headed to d.c. to lobby washington against further export control beijing eggregulators they're holding up the acquisition of semiconductors, intel's ceo came back from his second trip in china in three months. qualcomm is exposed to several chinese firms and nvidia said there would be no immediate impact to revenue from the export controllis but long-term they say restrictions would be a disadvantage since china is 20, 25% of the revenue in gaming i was chatting about the timing of a meeting and he said the tough on china is one of the few policies gaining incentive across both sides of the aisle so chip makers need to drum up support as soon as possible. this is coming from nvidia ceo but despite these concerns you had dom go through it. it's tough not to find an analyst that isn't throwing out a price target the next big player is amd but the next ai chip is expected out later this ye

ryan cohen with the potential new lean saver kristina partsinevelos joins us to explain. >> you likeat do bedtime stories, a bankrupt company and memes all have in common fellow montrealer of gamestop ryan cohen or at least the speculation on reddit right now. bed, bath & beyond filed for bankruptcy in april, delisted in may and now trades on the u.s.'s main over the counter exchange the shares tend to float around until the bankruptcy process is over, and its bonds are practically free highlighting the value in bed, bath and beyond after overstock paid $21.5 million for all ips. that means they don't even own bed, bath & beyond is now overstock right now. shares have soared over 300% since delisting which is pretty uncommon for a bankrupt business and more uncommon you have retail investors getting in and even though they know they would be the last to be paid in any sale, so enter the bedtime stories and meme angle the reddit crowd has a theory involving teddy holdings which filed trademark applications to be an online marketplace from towels, picture frames, to children's bedtime