i think it makes sense. >> not just in nvidia. with know that the semis as a group, one thing o keep in mind, the songs have not had any sort of intermediate giveback in about 11 months. if you look back, this is one of the longest stretches, 11 months, without a meaningful giveback of 6 to 7%. >> definitely if you're long on song, you might consider selling it. you obviously have some significant risks to downside. of course, in nvidia is a different story than texas instruments as well. now you've got data center business, auto business and there's a lot of other things. >> all right. still ahead, silver stafrmging a comeback this week and carter says there's something that suggests even more gains. he'll tell you what that is. >>> plus, dig deep into your pockets. we're taking your phones. more on tweets. much more "options action" after this. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. i

nvidia will do $18 billion. can't tell you if you own it, define risk strategies for both makes sense. >> it's not just nvidia, the semis, the stock endeck, the stocks has nod had any sort of immediate give back in about 11 months. if you look at all data, the stock doesn't go back much more than 20 years. this is one of the longest stretch stretches, 11 months. >> definitely the reason why if you are long in stock, you might consider doing it or do this instead. you obviously have some significant risks to the downside. okay, nvidia is a different story as well. isn't it? it used to be thought of as game stock. now you have game center business. there is a lot of other things. >> still ahead, silver staging a comeback this week. carter says there is something in the charts that suggests even more gains, he'll tell us what that is. dig deep into your phones, we are taping your tweets. much more "options action" right after this. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stres

why nvidia and why now?> nvidia fits with a lot of things that matter and that they have been talking about with machine intelligence, ai, and it is a chip company that has required a reputation for being the leader providing the guts of computing systems that we will need for these new computer workloads that are coming to cards and -- cars and other devices. scarlet: what is astounding is that over the past year, nvidia shares have gone from over $45 $141. if you look at it over five years, it is pretty incredible. over the past five years, it was 25%. we are clearly looking at an $80 billion plus company. investment will struggle to take a bite as big as that. if we knew what the intentions were, as you saw in the story there is still some work to be done on our behalf to find out their intentions. clearly, with our earlier story we first reported it, there were reports that they were at 4.9%. that is a move for a stock that is just below the threshold, which by then you are hard by regulators to declare

nvidia is a standout. we will hear from an nvidia exec next. check us out. we days, 11:00 p.m. in new york. this is bloomberg. ♪ caroline: softbank has amassed a $4 billion stake in nvidia. making it the fourth largest chipmaker. this, according to people familiar with the situation. , it disclosed it owned an unspecified stake in california's nvidia. the chip maker's stock is up 30% this year. given the company a market value of $80 billion. and much of nvidia's games are being driven by expanding into new markets such as automotives. in the last quarter, nvidia's revenue from that unit dropped 24% from the same period a year ago. but competition is growing from other tech giants and the automakers. ginny schapiro joins us from san francisco. wonderful to have you join us. revenue growth, 24% is an attractive part of the business. what about the partnerships? you just joined forces with toyota. revenue does the partnerships bring to you? >> we have been working with the many different automakers, mapping companies in many startups. in fact, creating a self driving car is a ver

listen to the nvidia caller to really get your head on this issue.'s go to richard in california? >> caller: booyah! jim, thank you for taking my call. my question is on pandora, how do you keep the future of the company shaping up after the latest equity and investment circulating over the next couple of days? >> let's go to illinois. >> caller: hi, booyah! jim, big fan here, are you? >> caller: my question is about verizon, should i be long on this -- >> 5%, they have a lot of cash flow, i have confidence they will figure out how to get their mojo back, boy, they're missing mojo, let's go to virginia. >> caller: big booyah! from virginia, thank you, jim, all the help all the time. >> we have to see how this does. we asked what is going to determine things, now, once they start selling it we want to see what the actual numbers are. let's go to michael? virginia. >> caller: booyah! jim, how about those kansas city chiefs, jim? i'm calling about six flags. >> i like six flags, they're really well run, we should all do our show at six flags, how much f

we'll do nvidia. >> nvidia is one of my long favorites.m when aldi told you, audi, this is the chip company -- the shorts have trying to hold this down. they reported a quarter that's one of the best quarters -- certainly one -- really one of the great quarters of this era. david, get used to the term. the term is moba -- m-o-b-a multiplayer online arena. esports which is moba is now as popular among the u.s. male millennials as america's favorite pastime. how popular? more people will be gaming than people who watch hbo, netflix, espn and hulu altaught. >> so important. >> you need the nvidia chips. >> activision is now another player in the sports. >> electronic arts. >> my friend got that nailed. keep an eye on that. didn't he come -- >> yeah, leff has not been right. >> leff. >> yes. who uses the chips? how about facebook and google and lockheed martin for reliable visual reality. how about ikea. 220 cars -- i mean, he's predicting that we don't have enough professional drivers so everyone has to use artificial intelligence. david, the

nvidia doesn't look like qualcomm on micron. there's a little bit of something for everyone in tech. you want to be b a real high growth investor, you can be in amazon, nvidia, fabcebook. you want to be a big value investor, i am. so i like the cisco's, the qualcomms and intels of the world, but there's something for everyone in here. it's a little difficult to paint such a broad brush stroke for tech. >> i think overall, there's something to be said about this idea. it's really the software as a service and cloud services that's what's everyone wants to own and the stuff they seem to be shunning now is the hardware, nuts and bolts, away from semis. cisco is a great example, a good company. it does not have the type of rocket fuel oriented growth that companies that are more involved with cloud services have. or that a sales force on adobe. the software companies that have migrated their models away from a one-time enterprise sale and consulting contract, these are the hottest stocks on the planet now. >> look at auto desk today

my nvidia short was always a trade.t is a complete investment. >> i can tell in your tone and enthusiasm that's the case. we'll talk to you soon. hit them straight. >> thank you. >> we did reach out to wayfair. they have no comment, however, they will later. because the cofounder and ceo is going to be on the closing bell. an exclusive interview, clearly, you don't want to miss that. especially now. so you'll hear from the ceo later on today. halftime report back after this. we recently had a heart attack. but we are not victims. we are survivors. we are survivors. we are survivors. and now we take brilinta. for people who've been hospitalized for a heart attack. we take brilinta with a baby aspirin. no more than one hundred milligrams... ...as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study brilinta worked better than plavix®. brilinta reduced the chance of another heart attack. or dying from one. don't stop taking brilinta without talking

the reality is nvidia is an a.i. company.hether it is automotive or even finance, our hardware and software, our deep learning expertise has revolutionized all of these types of industries. so we have a lot of a.i. talent in-house. we are always hiring more. what we are also doing is helping to train others. incident.eep learning we work with many universities who are changing their curriculum to train a whole new wave of engineers and data scientists will understand deep learning, understand artificial intelligence and how the gpu, our graphics processing units, hoping to revolutionize all these industries. caroline: we look forward to therning how loved -- how revolution continues to the u.k. is on its highest level of alert in the wake of a terror attack in manchester. the potential conflict is brewing between tech giants and authorities. and what they can access in and corrupted. we will discuss that next. a feature i would like to bring to your attention is our new interactive tv fountain. you will find it on tv go. if y

>> nvidia. >> all right. let's talk nvidia.ause the stock is going to be up again on news -- i think reported by bloomberg that softbank's vision fund has taken a stake in the company. kind of out in the marketplace for a bit of time here. so i wouldn't look for too big of a move in the stock. it's up over 2%. of course this is for a stock that was sort of slowing down a bit. right, we're right at new highs. >> nvidia -- this would get a hundred speeding tickets, like going 90 miles an hour. >> for people who are interested i would send them to the may 10th investor day presentation from the company's ceo. >> that was a tour de force. that was the hamilton of presentations. i'm not kidding. that was the sold-out "hamilton" play. >> and jensen -- how do you pronounce his last name? >> juan. >> just talking about the future and the decisions that nvidia have made that have done so well, but talking about the next ten years. and what is going to happen. >> well, do -- >> how he sees things advancing in terms of nvidia and what the

nvidia's is 11 billion. they are seeing exponential growth.are right, the stock does have a long way to go. the market is big enough for google and nvidia to share. >> kathy, thank you very much for that. want to thank arjun kharpal, our cnbc technology reporter. >>> let's come back to the oil price and what bank of america is saying in light of the upcoming opec meeting next week. bank of america merrill lynch saying opec will extend cuts and hope demand recovers. if they cut more, they will likely lose additional market share to u.s. shale and prices may not move up more. it's cautious about what an extension of the price cut means. brent crude up by 1.2%. 53.10. wti at 49.92. >>> let's remind you what u.s. futures look like this morning. we are looking to extend yesterday's rebound. we saw a really positive day for u.s. markets yesterday post the big selloff on wednesday when the dow lost 372 points. the s&p 500 this morning seen up by 5 points. dow jones seen up by 31. the nasdaq could increase by 15 points. >>> let's show you what's happe

now you have $7 a share which means that nvidia is not expensive. nvidia is deep learning.ne learning. it's gaming. >> machine learning, ai, gaming. it's everything. did you read that speech from that -- at the investor day? >> sure. jensen's speech. jensen's speech. remember, he feels that software at one point was going to eat the world and now he says that artificial intelligence is going to eat the world. and nvidia is in a lot of autonomous cars. nvidia is -- they make it so that you can -- you have that realistic take two reports this week. you get that on your pc. it just -- it's like a ferrari. >> i wouldn't know. never driven a ferrari. >> no, i'm just saying that chips are -- what do you have? >> thanks for sharing that. that's nice. >> a spaceship. >> enough driven one of those either. the deal -- it's not an m&a monday, but we got that chemical deal. huntsman got together with clariant. chemicals moe, that's huntsman -- at about $6.4 billion. overall value of the deal about $14 billion. so if you're a huntsman shareholder you get 1.219 shares of clariant. that's

i see the numbers are good, it's better than expected it's not nvidia.dia, there was nothing wrong with the business, it was the analysts and the charters. same thing with maxlinear. >> caller: i want to know about ntes. >> the only chinese stock i will recommend is albalibaba. >> caller: i have this interest in this company that is in this technology for some time, i picked up some sharings and they had a big jump on earnings and they're also into this f phosphorus oil technology. >> universal display, i started liking it, and i'm not backing away from it. they can be involved in both samsung and apple. this is just a really, really good company. let's go to chris in rhode island, please, ris. >> caller: so my question is on mci, the a tr-- nrr. . >> it's not an expensive stock and i would be a buyer of it. let's go to brian in florida. >> caller: jim, thank you for what you for the small investor. >> that's what this show is about, that's who i work for. thank you. >> caller: again, my stock is sprint and i know it's bumping down against a 200-day supp

fourthk is nvidia's largest shareholder at $4 billion.tech investor in the world. angie: toshiba disputing claims in the u.s. that it and its bank rep nuclear unit 01 $.7 billion for breach of contract. scana says westinghouse is liable for up to 25% of payments it has received does lead contractor. the disagreement comes as toshiba and scana try to negotiate a plan for finishing the project. talks toetjet is in become the country's first company to list its shares abroad. vietjet says it has been approached by london, hong kong, and singapore, and will meet officials in new york later this week. annoyed recently ease the rules on investment and received shareholder approval to boost its foreign ownership limit to 49% from 32%. we have been approached by some foreign stock exchanges, including london, hong kong, and singapore, and have expressed interest in our stock. we don't want to hide our hope to become the first vietnamese company to list shares overseas. angie: let's get back to the markets. greeting theokyo latest north korean mis

we'll explain. >>> plus, miss the move in nvidia. >> darn, darn, darn. >> relax. a way to get long in this stock

he's the ceo of nvidia. he gave a keynote address that every person in the technology industry was glued to. it happened last week while everyone else was obsessed over james comey. he was laying out a blueprint. the things this company is working on and its expansion of its total addressable market. tens of billions of new opportunities for chips. that's why you're seeing a stock like nvidia do what it's doing, but not just nvidia, it's comprised of dozens of stocks that continue to make new highs because the tam getting getter bigger, so people are willing to pay an increased multiple when they're looking at a company that might have a whole new slate. >> i would keep your eye on what happened here over the next couple of days. in february, the market got above 23 o 00 and after a couple of day, people believed the story. fek tek cal folk, came in and drove the market higher. it never looked back. are we going through the same type of technical formation here at 2400? that might just with the case because

nvidia captures the of of softbank to the tune $4 billion. that story is next.aidi: bloomberg has learned that softbank has quietly built up a $4 billion stake in the video. what do we know about this deal? >> that's right. the announcement came this weekend. while a lot of that had been reported before, we know the same group of investors that apple,s saudi, qualcomm, softbank slipped in a bit of news. we know a group of early investments includes masayoshi son existing stakes in arm, sof i, but one bit that was new is the holdings in nvidia, something softbank has not released before. my colleague in san francisco is reporting that the stake is 4.9%, which would make softbank the fourth largest shareholder, worth about $4 billion right now. year,ares are up 30% this more than tripled in 2016, so the question is when did masayoshi son by this day, and possibly it has party been a very good investment for him in the company. ofdi: tell me the strategy the vision fund investing in a graphics chip company? onright, nvidia focuses graphic processing units, which un

to comments declined on claims it may raise its stake in nvidia.ount that would require a regulatory disclosure. softbank is nvidia's fourth largest shareholder at a value of $4 billion. ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. ♪ a gloomy picture out of the lion city to mark this monday morning. we are half an hour away from the open of trading they are. i am yvonne man in hong kong. >> i and betty liu in new york. let's get to first word news with paul allen. africanbattled south president jacob zuma is said to have survived the bid to force him from office. nationalf the anc executive decided not to call a vote of no-con

i expect good things from nvidia, but not have everybody else. looking no further than f norwegian cruise lines. we also want to hear from mazor robotics, whi robotics,. mazor is in it's infancy, and we like any device that helps doctors perform back surgery with better outcomes. there are two others of import. whole foods, and snap. i think the challenge of whole foods is real and the desire to put the company in play is serious enough that its might be addressed head on and harshly by its ceo. what about snap? i think this has decent ad numbers, snap's setting itself up into the trade of the numbers, if it stays here it could go a little bit lower. thursday is retail day and i'm adopting the views of the analyst that came on today. remember the latter is less of a function of the ball than a function of the strip, it's reliable, it has a large di tend, buy back, all covered. i just don't know whether it be matter if the jcpenney has a stolen upside. i think this will be better, this goes up and you won't make any money. here's the bottom line,

from apple cell phones to, yes, nvidia, the most under valued stock you have ever heard of. their computer aided designs of earning from skyscrapers to race cars to movies. no wonder it rocked up on today's quarter. put it all together and you can see we have the classic three-day rally after a vicious selloff. the stocks in the last hour of day one, day one of the selloff, last hour, soft good news rallied because there are bond markets equivalents. the fast growers levitate on die two, that's the pattern. and then on day three, pretty much everything rallies with the industrials in the lead. i remember all these people who spoke this week that the down third day you got to whamma, you got to jamma, they won't be called out, don't worry about it, they'll be fine. they're probably having some gin now and i'm working. is it safe to own stocks instead of using these moments to trim back, unlike the panicers who dumped wholesale late tuesday into wednesday morning. now that we have a bullish tape, as opposed to the panic, maybe i would ring the register. but for my travel stock

in this is beginning to feel like the nvidia of software. i would have named my horse nvid nvidia. qualcomm has officially broken out. remember, tim collins said it's going to go to 59. so here it is at 59, so he's taking some profits, that was his initial price target. the video game complex including the game developers and the semiconductors that power them, take two rallied. remember, this video game move is all about the stay at home thesis that we propound daily. the idea that these days people love to sit at home, play video games, maybe checking their facebook page, drinking beer, look at dominos making a new record close, or munch on fritos or doritos. i had some fritos on saturday. i couldn't believe how good they are. anyway, shocker, pepsico just broke through to an all-time high too. stay at home thesis is -- that was easy. >> there you go. then there's apple. apple. which in many ways is the company that makes the whole stay at home trend possible. this morning the fellas at lbc capital markets put out an article called "apple, the path to a million dollars." before y

nvidia was lower.aul sweeney, intelligence analyst, says high beta names tend to trade down significantly. we are not really seeing a reaction, and the reaction from nvidia, we see stocks finishing down about .4%, so not a huge decline, but that was much more related to company-specific action as opposed to anything to do with that terror tragedy in manchester. emily: what about chip stocks? they underperformed. what happened? abigail: wells fargo downgraded shares to market perform. and analyst citing lackluster growth opportunities. plus, morgan stanley plus analyst has been relatively bullish but conceded that analyst day yesterday was a bit disappointing, so those shares fell. we also have amd down. the stock has been week after its rocket ride over the last year, but more recently down, and the cause for the weakness today, citi saying it's unlikely the expected intel deal comes through for amd. we saw a selloff for the stocks in april. it did weigh on the major averages. we see a beautiful one-ye

is he going to go after nvidia? >> i'm going to get your stake on that. [ laughter ] >> as part of their planned merger, they are currently in the middle of splitting it into three main units. the third point is questions whether too many assets are being pushed into the planned materials uchbt, which would be controlled by the executive chairman, who is set to leave the company next year. in its presentation on the heels of a joint press release, promising to consider the portfolio after the deal is completed third point asks if the plan is even the best or whether the company should consider creating additional businesses or divestitures to better enhance that value. the third point says optimizing that structure could create -- shareholder value. you may recall in to 14, as part of the settlement, the firm recommended two independent directors that ended a contentious fight between the two parties, third point not commenting today. it is my understanding, though, from sources that the firm has yet to speak with a

shares of nvidia hit an all-time high today after bloomberg reported softbank is considering boostingtake in the company. the firm would raise its holding over time and begin to work more closely with nvidia according to people who asked not to be identified. bloomberg reported softbank acquired a 4.9% stake in the chipmaker, making it the fourth largest shareholder. softbank has also been looking at the vr space. earlier this month, the company made a $500 million investment in a london-based vr startup in one of the largest venture-capital deals seen in the u.k. in the last decade. improbable worlds create virtual scenarios for gaming and simulation. the round brings total funding to $550 and at least $1 billion valuation. we caught up with the improbable c.e.o. and asked if this funding round was the amount he was hoping for. >> i think what people do not see is our goal is to literally build new realities. that is a 10-year plan. it will take an enormous amount of investment even beyond where we are now to fully realize that vision. for us, this is a logical next step in preparing

nvidia up 11%. a lot to digest there.oldman sachs' ceo today. >> when he was your no. 2, did he challenge you regularly, and do you think he'll be doing that now to president trump? >> i can confirm to you that it is a core of gary's personality, which i witnessed for 27 years we overlapped careers, that he's a challenging person, all terrific. he has great ideas. he's the person in my life who says thing that i thought to myself, gee, i wish i thought of that. >> goldman sachs miss gary? >> oh, sure. we have other people who are also terrific. who are not gary, and gary is not them, and gary was not me, and he was not gary. i would tell you, he's terrific. there were things that gary did that everybody wishes he was there still doing, but the guys who stepped up into his job wouldn't have been there to do it if gary was there. life moves on. it's a long gray line. >> 2015, you had lymphoma. back to full health? >> i feel pretty good. i have to prod against the decline, i'm getting older than i was when i was first sick.

google's plans may threaten and nvidia.ntel rishaad: singapore airlines may recruit pilots to be trained on boeing. is hiring first officers with 750 hours of flight time to work on its airbus aircraft. the kerry made by or lease wide-body jets and may use boeing triple sevens. the producer of the willful wall street is talking department to settle a lawsuit. it was called funded by the stepson of the malaysian prime minister. its lawyers are asking a judge and los angeles to extend the deadline so they can carry out further negotiations. rishaad: we have just been reporting china home sales rising and fewer cities after the government impose curbs. let's look at the data with black rock. you saw the numbers as they crossed. what was your first impression? one month of data come even though they are cumulative and you can compare year on year, so it is important not depend too much on one said, but there has been a slow trend in home prices. you are still posting fairly strong growth, so the rate of change is lower, but the

see, this isn't a facebook or an amazon or an alphabet or even nvidia.o desk is about what is known as the enterprise. businesses need computer assisted design software, not individuals. so what is computer assisted design? a lot of people ask me. i said, jim, you told me, i didn't know what it was, i didn't buy the stock. let me give you an exciting example. one of automatic owe desk customers is a company called mega bots who makes jien robots for fighting competitions. it is a real thing. in the fighting robot business you have to big custom made parts. they use auto desk to design highly accurate three dimensional parts. they cut mega bots average modelling time from a week to a day or two. or if you are an architect trying to draw up blueprints, you get the job done faster using the software rather than drafting by hand, saving your clients time and money. basically, this company helps translate ideas from your imagination on to the computer screen, and then from the computer screen into the real world. that's computer assisted design and auto desk

intbank boosting investment nvidia.hey closed a funding round with $93 billion for tech investment. withdisclosed a 4.9% stake the market value of 4.1 billion dollars. people familiar say the firm will raise that holding overtime. gamestop surged off its success for nintendo switch did not last long. shares fell after the new console. gamestop did not change its forecast. they struggled through a shift in its core business as more gamers buy from game publishers such as stein in a move to gain control, the deal follows an agreement to buy mattress firm holding which is america's biggest adding retailer -- bedding retailer. in 30,000 retail outlets countries, sure management will continue to run the business. sherwin-williams has secured approval from antitrust regulators for its 9 billion dollars takeover. the deal creates the world's biggest pay maker. they cleared the merger on condition that share one cell -- sell the business. the deal needs approval in canada. r bloomberg business flash. >> i will explain why yeste

just when i was think, just when i was thinking of replacing the "n" in fang to nvidia. netflix stays. probably geese to 200. finally, as much as they've moved the defense stocks just aren't where they need to be yet despite many calls it's time to sell those stocks. i hear that cat call about the defense stocks almost every day. they have to keep soaring until people realize that president trump seems he wants to become the greatest arms dealer in history. he tells our allies they need to pay for for our defense. buy more from lockheed, northup grumman and united technologies and honeywell. au contraire. every time he hints he's not as committed to nato as our allies might like every defense minister starts thinking of ways to spend money here so let me give you the bottom line as long as investors keep getting it wrong, as long as they make mass misjudgments and short the stocks that should go higher there will be opportunities for us. and these opportunities can last for weeks and weeks as long as the catalyst remain in play. today's winners probably aren't done going

. >>> plus, miss the move in nvidia? relax. we have a way to get under the stock in ten months.ll explain. >>> and one dow stock has gone parabolic, but there's something in the stocks that suggests the

plus, miss the move at nvidia? relax. we have a way to get long on the stock for under $10. and one dow stock has gone para bollic. but something suggests the run might be done. here's a hint. >> let's get right to it because retail is on pace for its worst month since january of last year. thanks in part to disappointing earnings from maysies, dig's and jcpenney. there were a few bright sports. walmart up 5%, target 3%. could names like these be bargain basement buys? let's get in the money right now. >> you just mentioned walmart. walmart doubled that of the s and p 500. it's really obviously impressive, especially relative to the xrt. you mentioned target, though. that's the other one. i think there are a couple size mick shifts going on in retail right now. last year u.s. at $5.5 billion in retail sales. when you think about amazon, there is other things going on, t too. there is a lot of potential winners here. i think a lot of those other stocks, department stores are down an awful lot, pretty oversold. it is a tough trade. the s and p has support at 40. >> the biggest

well, nvidia is the new intel.y mobileye to compete with them, but they are dominating graphicships for a long time, and for over a decade now, and energy efficiency, and now they are dominating the artificial intelligence chips, invading our cars, invading our lives, so this is going to be a $300 stock in a couple years, so just hang on. it's going to be a great ride. >> wow. >> so more than doubling. >> wow. >> it's incredible. >> where's that leave intel, louis? >> intel fell behind. that's why they bought mobileye, and they do artificial intelligence for bmw anvidia dos it for volkswagen, audi, that group, and mechanically, volkswagen is ahead. they'll have a fully autonomous audi in 2020. they are doing the research on it, and there's cars that drive themselves around racetracks pretty fast. >> really quick, courtney, too, yeah, just looking at your tech picks, a name you are watching, a recent ipo. >> absolutely. i've been watch iing of twilio, not excited about the guidance given, but spoke about the buzz on

nvidia is special situation or -- >> thank you for having me first.dia certainly is a special situation, but speaking more broadly in the semiindustry, we're bullish at sun trust on this space. we think is continues to run, primarily to structural benefits from the industrialization of semis, but because we expect the cycle to continue for at least a couple more quarters, and there's a disconnect between the trading view and cycle view historically. >> all right, patrick, you are cautious. i don't think intel performed as well, have they? >> overall, i would not dispute favorable themes out there, but i do think in the near term, you have to look at areas where inventory has been built up, particularly in the smart phone area. you're hearing a lot more concerns coming out of china, and even apple's iphone growth rate, the rate of growth, has slowed over the last few iphone it rations. that is something that from a semiconductor perspective, you have to keep an eye out. >> we already know, i mean, this smart phone buildup, but pc growth is a challenge

. >>> japan's softbank has reportedly taken a nearly 5% stake in graphics chip maker nvidia. bloomberg news says the position is worth $4 billion. the investment is part of softba softbank's strategy to grow its technology holdings. >>> american eagle and private equity firm cerberus have reportedly teamed up to make a takeover bid for teen apparel temporarily abercrombie and fitch. clothing chain express and other buyout firms could be potentially suitors. american eagle rose 2% to $11.23. abercrombie took off, up 6% to $12.89. >>> williams sonoma beat profit expectations, saying results were helped by improvements in its pottery barn brand. revenue was in line with estimates, and the company gave an upbeat forecast for the current quarter. shares popped in after-hours trading and ended the regular day up 1% to $49.61. >>> and the clothing retailer guess said strength in its foreign markets helped to post a narrower than expected loss. the company also reported revenue grew and topped estimates. but its quarterly outlook for earnings disappointed the street. even so, shares

that is about nvidia. this has to be equaled to the nvidia chip. that's how good the game will be.he stock is up. it's the economy, the stay at home, have doritos, call netflix, read your facebook page, have the food delivered play video game economy. i'll take a picture of you and we watch people play e-sports at the garden. they have winning teams at the gard garden. >> esports we've got to be on this. >> niche should buy an esports team and start winning. >> the sixers ownership have bought some. >> who owns, the koreans are the best at this. who owns the korean national team of esports? >> i don't know, who? >> the chinese. they like winners. >> with all of that, we do have isis this morning claiming responsibility for last night's suicide bomb attack in the uk. willem marx is live. >> reporter: manchester police arrest aid couple of individuals, executed one just two miles from here and another in fallow field, 300 miles where i'm standing. ment i'm down the road from manchester arena where the horrific attack took place last night. we're getting details of the victims and 22

numbers area once again, he thinks the pricing their looks really strong, adding a bit of a tailwind to nvidia then we another stock going lower, and we had some of the chinese internet stocks trading lower, helping to explain why the nasdaq itself finished down ever so slightly, but we have one other bright spot, and that is tesla with another record high. we have a great chart of this stock all of the way from the ipf back in 2010, and look at that. the stock is up more than 1800%. maybe just technical momentum, but those gains over the last years, emily, really speak to the investors cheering elon musk's vision and passion for the market. emily: all right, amazon testing the $1000 milestone. what happened? abigail: a lot of people were talking but amazon and alphabet. morning, just lightly above $1000, and here we have another great chart from amazon's ipo. look at that. 51,000%. this really reflects the company move into the clouds, the web services, plus their dominance in e-commerce. speaking of that, let's take a look at a chart in the bloomberg. 1376.s we have the market cap of walmart

chipmaker nvidia making a whole lot of money.eir chips, hot sectors that will be hot for a long time as a matter of fact,. >>> moments ago russia's foreign minister arrives at white house to meet with secretary of state rex tillerson and president trump. mark serrano joins us right now, former deputy campaign director under h.w. bush. mark, a lot at stake here. re is one of the things i'm interested in. russia takes the lead on syria. promoting idea of four safe spaces or safe zones, if you will. a lot of countries signed on to this. should we allow them, should we sign on to this and let them take the lead with this? >> i think that is going to be discussed today with foreign minister lavrov, charles. i think we should absolutely play a very active role in discussions over these safe zones. it is critcriminal important refugees out of syria have someplace to go, highly respected and highly protected. i believe the president will back that position. i think they will discuss it today. charles: we're talking about the strange bedf

nvidia and apple clear winners. nvidia doing well for the s&p 500 in particular. arts, those are some of best performers. people remain optimistic. we have a pro-growth agenda. it has slowed down some. we're well aware. big picture there is still optimism on wall street. financials and energy stocks certainly did not participate in month. neil? neil: thank you very, very much, nicole petallides on the floor of the big board. you heard the guy who runs starbucks or the founder was out on the wires, a lot of dust-ups he is seeing ignoring them, paying more attention to the ones donald trump inspired, that is the chaos, but is this schultz's way of saying i see nothing? after this. [shouting] neil: all right. starbucks howard schultz back in february i might point out on donald trump, we have a president who is creating epsodic chaos every single day that is no doubt affecting consumer behavior and consumer sentiment. but for some of the other developments that were occurring around that time and certainly since nothing out of him on the berkeley protest or town hall

softbank group has taken a $4 billion stake in nvidia.es it the company's fourth biggest shareholder, all this according to people familiar with the situation. plan tort of softbank's become the biggest in minster -- investor in technology. cost cuts and improvement to the food business offset persistent weakness in the retailer's clothing unit. that will boost hopes that the set theecutive will chain on a long-awaited path back to growth. that is the latest bloomberg business flash. looks: our "quick cake" at the views of pope francis as he met with president trump. still has the world's attention. the first pope from the americas, he quickly stamped by down style on the papacy, salvaging the image -- down-to-earth style on the papacy, salvaging the image of the church. he has a goal to change not only the church, but the world, speaking out on issues such as, change and capitalism's role in creating poverty. the pope has lashed out at political and business leaders and the vatican bureaucracy. here is the situation -- francis' agenda ha

nvidia for example. what are you doing to get ahead?ires a lot of cpu in the high-end gaming market. in conjunction with high-end gaming options there are discrete graphics cards. emily: we talked a lot about when will vr will go mainstream. it seems there is not enough to do that. when is it going to happen or if it is going to happen? frank: vr is happening right now. we have invested in content to make sure that we can show the case with visual to do that. when is it going to happen or if it is going to happen? distingu- discrimination. you say when do we get to the tipping point where everybody wants to do vr? what we do with microsoft is working to develop that kind of contents for that mixed reality environment. emily: that was the intel manager. labor force.nology we will catch up with -- a feature i want to bring to your attention our interaction , tv function you can find at tv and you can check us out live. if you miss an interview you can go back and check it out. you can send our producers a message and ask me a questio

nvidia for example. what are you doing to get ahead? what isk happening at the high-end of the gaming market, it takes crazy awesome for orman's and a lot of platform elements. you have things like opting technology. highnjunction with the gaming options, there are discrete graphics cards. emily: we talked a lot about that's when vr will go mainstream. it seems there's not enough content to do that. when is it going to happen or if it is going to happen? >> vr is happening right now. tohave invested in content make sure that we can show the case cry seven and cry seven above cry nine -- cry five. do we get to the tipping point where everybody wants to do vr? what we do with microsoft is working to develop that kind of constant -- content. manager.ose the intel withuld catch up anne-marie slaughter next. a feature i want to bring to your attention, our interaction tv function you can find at tv and you can check us out live if you miss our interview. you can go back live. you asked me a question, play along with the charts, and this

nvidia. there's a second ai play, that's alphabet, the parent of google. alp which goes to show this suspect some sort of pie in the sky move. i think alphabet is way ahead of everybody else in the category. when you get in that car, and you tell it to go to ruth's steakhouse, you can sit back and enjoy, it's a much bigger driver than you would be or any other professional would be. it could be a real foot race if intel can lower the cost of mobilized autonomous driving chips. attend of the day, there's always a story that makes tech look good. and then cramer fave proof point. i hope you watched them when they were on our show two weeks ago. stocks soaring here, not done. after last week's slaughter of intel at the hands of amazon. we have listen to believe that there's a few retailers among a ton of losers. look at dominos hitting another high today. they're congrestantly trying to come up with better ways to order online or even mobile. the driverless cars and the internet of things and gps will really help the bottom line here. here's the bottom line i

this is unconfirmed, but speculation that intel is licensing amd graphics chips expired nvidia licensen april. this is not confirmed. vonnie: let's get back to our big story. president trump defending his decision to share terrorism intelligence witrussian officials, including the foreign minister in a white house meeting la weekend -- last week. trump saying he has the absolute right to do so. >> i think we could do with a little less drama from the white house on a lot of things, so that we can focus on our agenda, which is deregulation, tax reform repeang and replacing obamacare. vonnie: joining us now from the white house is toluse olorunnipa. we know there is a last minute change the schedule, this morning. , the national security adviser, will hold a press briefing after last night's press briefing, which was widely picked apart and people said that it was very scrutinized as to what he had to say. he was supposed to come out anyways today to talk about the president's upcoming foreign trip or he will be going to saudi arabia, brussels and also sort of meeting with a number of di

numbers area once again, he thinks the pricing their looks really strong, adding a bit of a tailwind to nvidiat then we had another stock going lower, and we had some of the chinese internet stocks trading lower, helping to explain why the nasdaq itself finished down ever so slightly. another brighte spot. that is tesla. tesla has yet another record high. we have a great chart of this stock all of the way from the ipo back in and look at 2010. that. the stock is up more than 1800%. it is not clear what drove the stock higher, maybe just technical momentum. but those gains over the last years really speak to investors cheering elon musk's vision and passion for the electric vehicle market. emily: all right, amazon testing -- passing the $1000 milestone. tell us what happened. abigail: a very exciting day, a lot of people talking about the race between amazon and alphabet. it happened for amazon this morning, just slightly above $1000, and here we have another great chart from amazon's ipo. all the way back in look at 1997. that. up 51,000%. most of the gains have come in the more recent years.

coupled with increasingly fabulous games powered by, yes, nvidia, and graphics chips have made the gamingector really the best in show, electronic arts, activision, has seen their stocks go up 47%, including a 5.5% gain today alone, thanks to the phenomenal numbers that the company reported just this morning. these are some colossal moves, the question is are they sustainable? the big reason behind the run in the gaming stocks is that all three companies have reported excellent results, all three companies are taking advantage of the connectivity revolution. they're cutting out the middle man by selling the games on the web through your xbox. and they're finding more and more ways to get your money via subscriptions and downloadable content. and there's the wild outbreak of sports where people play gamed in packed stadiums and i think buying a new sports team could be a home run. in short, business is good. a company like activision doesn't pole-vault up simply on the numbers alone. money managers have figured out the gaming theme, and they have been embracing this en masse. as long as mu

at big names hitting lifetime highs today that include mcdonald's, deere, reynolds american, and nvidiabit coin is hitting an all-time high up 121% just for this year. if you invested $100, today it would be worth $72.9 million. >> not bad. it is the rise of the machines. a new "wall street journal" piece says the mathematical calculations, there's such a thing as human free investing. what does that mean for you and your money? the chief global strat the gist with global asset management. you can't stop progress, i get it. as i tweeted out, this dangerous mathematical group thing because if the quants have the same idea sending stocks up, right, that's why ten are running the market now, what happens when they flip and want to sell at the same time? because the machines don't care. >> i would say quant investing is one approach to investing. we should think about it as almost a sleeve in a much more diversified and comprehensive investment portfolio. >> 29% of all stocks are traded by machines versus 13% a couple years ago. individual equity trading is going away. etfs are taking over.

last week that they had come to such a deal with intel, replacing the deal that had existed with nvidiaoup says that it is probably not happening. though shares are down 5%. jamie dimon is optimistic about growth. speaking in an exclusive interview with francine locke, he said the prospects for regulatory reform under president trump look good and of the global economy is poised to expand. >> the world is going to double in size over the next 12 to 16 years. there's plenty of opportunity but weeats out there, have put a lot of money and technology, we know will you're doing, we operate around the world. we are in the emerging markets, which are growing twice as fast as the developing markets. can you break down the units where you want to extend market share in the ones we want to grow it? jamie: i want to grow it everywhere. clients want multiple vendors and suppliers, which is completely understandable. investment banking in certain areas may be harder to gain share, but that doesn't mean you can't gain shares in this part of the world. we just know that it's going to be a little bit

>> as we head to a break, a number of names hitting new all-time highs, southwest, adobe systems, nvidiand some travel related. shares of deutsche bank falling this morning. democrats sending a letter to the bank's ceo. maxine waters will join us next. e trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. >>> the dow is up about 30 points. goldman sax is adding the most to that. let's get to the cne group, rick santelli and the santelli exchange. good morning, rick. >> thank you, sarah. we had senator alan simpson on yesterday. he gave us a full rant, didn't he? basically, for those that might not have seen cnbc.com might be a good place if you want to see. what he said was he doesn't l