academic laboratories all over the world have nvidia that they can run simulations on. public cloud companies have the platform inside where the applications can also run. these applications on our single one architecture platform can run at all scale, depending on the problem. we have a tremendous platform for everyone to get involved in the fight. >> lastly, once we have coronavirus figured out, one of the things we were excited about until we got distracted by a pandemic was personalized medicine. every single patient was treated in a different way as opposed to that one size fits all, here is a bottle of pills that have generally worked with a generally large size of the population. computing power is behind that as well. >> that's absolutely right. i see this unfortunate tragic pandemic as an opportunity to accelerate our journey to personalized medicine. what we're doing with super computers and these large-scale complications is we are creating the defense platform for future infectious disease, but we're laying down a blueprint of how we can accelerate the abili

amd is up 18% year to date against 53% for nvidia i'd rather stay with nvidia.not overbought on a relative strength index. i think you still have some time here and it controls the gaming market and it will control multiple other markets going forward. >> you know, grasso hasn't would you rathered himself this whole entire show. i will invoke the would you rather, as i should, rightfully, as the host of this program. guy adami, nvidia or amd would you rather >> i'm glad you're invoking. invoking is always a good thing. i would rather amd i think you get -- i think you have a little more beta at this point in amd i understand what morgan stanley is doing they're taking the money off the table. i think they actually raised their price target to $380 might be mistaken. it's effectively where the stock is that last earnings report got the stock below $50, i think that's your buying opportunity so in the game of melissa lee directed would you rather, amd over nvidia. >> you don't need to intro it as that because it is that. or at least it should be >> maybe not so mu

why not take some money, not all of it but some out of apple, nvidia and put it in these lesser value names that have the winds in their sale sails now >> you really will take some money out of apple >> i did >> there are certain stock, i'll just rely on kramer. this particular one is not something you trade. it's you own the stock is every time you tha thought that might be a good move, the stock progresses higher you did take some stock in apple? >> i did i still own a healthy portion of it by no means am i saying sell your apple position entirely if you say i wanted to buy viacom, so i went and bought it. i say which do i want to take from do i want to take from apple or from general motors. in a reopening environment where you've got a v shape and auto production is coming up and auto sales is coming up, i don't want to sell gm now that's great currency for me to use. >> steph, nvidia is up 85% in just three months, right we're trying to sort of look at these big gains and even though we're all feeling good about the market today wondering whether it's necessary to take some profi

is up 1.5%. >> nvidia.. i can champion my own stocks, right? i mean, hey, we know that there's people who are against nvidia and i'm going to attack the them >> we have a number of stocks in the green this morning it is not a washout as yesterday was. man, this t-mobile, amazing, up 110 bucks a share. >> they priced that deal to move. >> 103, $21 billion in stock we've heard from softbank as well, massa stepping off the board of alibaba, they still own 25% of it, still the single best investment probably ever made and still accounts for a huge amount of softbank's overall value, but he is stepping off the board of alibaba just as jack mass stepped off the board of off bank as well. there is a look at mass is a who said we are not done yet what you think we are at softbank -- and they did make money from the print deal back to t-mobile. they still own 8 or so percent of the company but they ended up making a real return after years of struggling, trying to sort of make a go of it as the fourth carrier, final

not just mercedes nvidia is working with. audi, toyota and baidu from china.rs behind tesla for launching active driver assist. they don't plan to roll out any cars with the automated self-driving mode at least another year or so. self-driving, fully autonomous driving i think timelines have been pushed back as you mentioned. you don't expect next few years. some people think maybe the second, only by the way for cars developed in specific cities. cars you drop off in the middle of nowhere, at any city on the planet. that will take at least another 15 or 20 years according to the experts that i have spoken to. but nvidia is really scooping up all of this. you know that stock is up 60% this year? nvidia, they make fast chips not only for self-driving but cloud and gaming. this company is in the right sector. stuart: up 60% this calendar year, is that right? >> calendar year. stuart: they hit a record high yesterday, nvidia, they have only pulled back a fraction today, down a couple bucks at 375. how about that? thanks, susan. >>> i have another indicator to loo

netflix, adobe, microsoft, apple, nvidia hitting new highs again. look at oil, the recovery there with the continues drop if supply oil yesterday finishing above $40 for the first time since the lockdown began we are above that again, 40.85 better than zero >>> we have some breaking news in germany, the former ceo of one of germany's formerly fastest growing companies has been arrested as more than $2 billion in cash has gone missing. we'll go to karen. >> yes, we are closely watching the wire card story. the fintech giant in germany the latest is the arrest of the ceo who stepped down on 1.5 billion euro are missing on the boards behind me, this was encouraged on the clarification of the u.s./china trade deal we saw the business activity where we have output falling the dax trading up more than 2%. 1.3 on the french market gains across the boards. we have the 113 handle and we peels a little lower on this session. walking back the data where we have the eurozone composite in june has hit a four-month high that is up from the 31-point high breaking

what are your thoughts >> i mean, nvidia absolutely is on fire. have got two new consoles coming out toward the end of this year. the xbox series 10 and playstation and both require more graphical processing power and then 80% growth rate in the data center business so yes the stock's had a huge run but they have continually justified that run with great fundamentals. >> steve weiss, alex in pennsylvania wants to know about crown castle international >> you see their small cell strategy play out. i think it's fine here all the stocks look expensive but the future is so bright i still own it and i'd buy more on further dips. >> good farmer, from al in santa rosa, california, jim, is pfizer a current buying opportunity what do you think? >> i think it is i own it it is a few company that's been singled out in project warp speed for the vaccine candidate and the stock is $2 cheaper last week because one of the cancer drugs failed at trial but with the big broad pharmaceutical like this you want to buy them when one of the many products doesn't hit an

crowdstrike, zoom, shopper how can i help you and yes, nvidia, how much i love nvidia the tech stocks, it took them a while to get rolling today but, well, amazon, apple, microsoft, alphabet, they all work here. and they gave apple a $2 trillion market cap share. try to temper it a little bit. facebook is now facilitated for small businesses google ads are there amazon, amazon so even with all these covid winners, how can the market rally when so much of the economy is threatened by this outbreak aren't we a service based economy? honestly, in a normal environment where we just let the economy happen, so to speak, the stock market would have collapsed today. but the fed is determined to keep rates as low as possible. if a company doing fine before the pandemic is now in trouble, expect them to be bailed out they won't save businesses that were already circling the drain, but large companies struggling only because of the virus, they'll be okay. the fed and treasury will make sure they'll survive i know you're having a great time, but i like southwest if we start seeing hotels come clo

malice toward none p lincoln seventh, check out the last one from nvidia, the chip company.his was the earnings report you would have expected them to deliver in six months maybe. every line item was up xwep chips for self-driving cars. the strength here well it's all about speed. ceo jenson wong has come up with a new chip architecture putting the competition to shame it's like horse and buggy, man anyway, speed, artificial intelligence, it's all there, including my dog who answers to the nvidia if of course you have a peace of steak in your hand. number eight, paypal, has taken 2020 by storm as the most convenient way to pay for things, with honey, the way millenials save on shopping for venmo, use emojis or vanilla paypal, this juggernaut is the same as the apple pay story. ed risky to use.e cash and a bit of a mystery, intel. i think intel has got on the list because the stock was cheap and the company has been selling chips to big chinese companies worried about being locked out of the american market and i bet benefits from the flood of new money coming into the market

. >> twitch is nvidia. there were some things that were positive pepsico getting rid of quaker. say it is based on a racial stereotype how did they figure that out. >> i was talking about that this morning. what took them so long >> good move for them. based on the racial -- >> i want to get back to amazon. >> yeah, i'm sorry. >> i want to get your thoughts needham saying prime subs revenue at $29.8 billion then putting nine times multiple on it even though it doesn't make money saying it is worth $187 billion twitch, music, ad revenues which are and have become incredible revenue, high margin. >> the pandemic. it is like the netflix piece that we saw. the pandemic changed -- again, we had these behaviors that changed. amazon is an incredibly safe place to shop. as the pandemic runs away, finally ends some day, right, maybe when we get a vaccine, the residue is that people say you know what, how do i do without this amazon? this thing is such a bargain it is just kind of -- it keeps winning. i know it is upsetting to people that amazon keeps winning. but it is the same people wh

nvidia winning big business that people are talking about, winning some apple business maybe with amdthere's every -- everyone is speculating and everybody is winning business. things are just better in the stock market than they are in the real world, but i guess if they think there's going to be a vaccine in q4 the numbers for everything are too low >> yeah, jim, i mean, headlines like -- there is a couple in chinese media this morning, sort of speculating that the chinese could limit qualcomm chips, apple chips in government agencies or in areas that are -- involve national security, headlines like that completely getting ignored right now. any discussion of chinese tensions is getting ignored. >> look, a few weeks ago we were worried that taijuan semi might be deeply hobbled by taiwan saying they are us so let's go buy the rest of the semis. we are in such bull market mode, remember, we are the most overbought in the history of the s&p oscillator the most overbought. it is showing no signs of dissipating. now, there's two overboughts hertz might be worthless, but there is the over

you're not going to go wrong on nvidia because jensen wong put together an amazing quarter.emis are doing to well. last week broadcom reported a number that was good, wasn't fantastic, but they do have a 4% yield. the semis are still a great place to be. they will be brought down today as high flyers in what i regard as being a day of profit taking, but the semis come back earlier than a lot of others in terms of apple, i think the last few days we have learned more and more about how apple's service revenue has gotten even bigger, there are so many analysts, carl, that got off of it, they felt it can't go any higher and here we go and now you're headed into 5g. apple is good stock on a pull back >> a couple of halts to watch, jim, one is chesapeake for news, we've been talking about that name all morning. >> right. >> the other stock we were talking about with david which is nikola, first halt of the day on that for volt tilt. >> yeah. >> your opening comment, jim, about what today could bring starting to come into view. >> look, there are a couple services out there and i'

not only do we have amazon and apple and nvidia higher, but tesla, people had turned their back on it a year ago, impressing all the way. taylor: i should have been the buyer at take private share price is where i should've been. one other comment about this market, financials. citigroup is up 6%, wells fargo off 2% or so. 9% area really getting a lot of financials, particularly consumer facing stocks off 5%. a bank off something up to 9% certainly catches my attention, as we have been talking about this rotation into the valley naturals -- the financials. a reversal today. caroline: it really is when you are seeing the bond crescendo across the board. 10-year yield down almost nine basis points. this is feeling into the pain today. citigroup private bank investment officer, -- going to see so much continued bond buying from the fed? >> if you think about it, you have got two contradictory forces. one is the fed is driving rates lower. that is bad for net interest income. what is good for the banks in this circumstance, 12 to 24 months, is the fact you will have a short cycle. whateve

in technology, things like slack are looking constructive and looking at names like nvidia, these are names that are still doing very well and should be bought by investors in my opinion. >> danaher had a $22 million insider buy there. even insiders there are bullish. craig jongs, watchihnson, watch. >>> when we come back, despite the resent surge of new home sales, shares of this home builder is shrinking the list of companies going b k bankrupt we just talked to morgan stanley's top biotech analyst on the vaccine and the four stocks you need to be watching now and his data on exactly what is happening with covid-19. we have a busy hour coming up. futures are higher we are back after this businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver, in new ways, to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back, but bounce forward. and now, with one of our best offers ever, we're committed to helping you do just that. get a powerful and reliable inte

bottom line, facebook, amd, nvidia, amazon, they don't need it patrick? >> caller: thanks for having me on first time caller. i want to say thanks for your efforts to bring on a wide range of speakers -- thank you >> we all appreciate it. >> it is tough to come up with a balance. i strive to do it every day. how can i help >> i wanted to get your take on moderna. i know you know all about it it is one of many players in the vaccine race the playing field is packed. we have seen a lot of short-term high flyers come and go, but for several weeks moderna has been a front-runner recently they hired a new cfo. but since then moderna -- >> before i -- patrick, they put out the results of that and they were too promotional they said eight for eight, something good news. not enough of a sample and something dr. fauci didn't like. other people sold a huge amount of stock and they sold stock these are things that are sub optimum in my eyes while i wish moderna good luck, i think those were ill-advised let's go to fred >> caller: i recently purchased shares in new t

you bought soxl and the graphic up there that is the nvidia, sky works all of those names leading the market technology and stay-at-home theme. web related like amazon, netflix, zoom. some of the etfs also perform in these markets. >> so people are kind of doing what they did last month we heard some talk maybe the stay-at-home trade might be left at home but apparently it is not. it is still red hot or at least hottish. >> i think the stay-at-home still works, all of the investments we've made to work from home will continue forward. a lot of companies will start to stagger employees and you'll have half staff at home, half in the office a lot are increasing flexibility to work from home, even permanently in some cases. i don't see this going away. i think if the virus stays with us or another virus comes into the system, the fear of this coming back is enough to have companies invest in some of these services i think everyone has gotten used to buying everything on amazon and watching everything on netflix and preparing 5g and wi-fi to do all of these things. i don't see that going

that's a street high nvidia, a new street high. you follow where i'm going these stocks have run a lot. ha high pressures if you think money will continue to go there. you just bump the price target up higher. >> yeah. i agree. i think the stocks will continue to do well fundamentals are working also. you've got the money in the bank it will be an opportunity to get it in lower levels even some of those names. >> the dow is up 62 or so. nasdaq is about 35 all right. rob, we set the table for you. where do you want to go with the meal now >> i think everybody makes a ton of good points in terms of where we are right now i would argue the reasonthe market rally was because we did a great job from a complete policy perspective in protecting household incomes and also protecting the commercial infrastructure anybody that thinks that we've gone this far simply because of good news on the virus is mistaken anybody that thinks we have gone this far because of fed is mistaken we did this while we dealt with the side effects of the virus. m

some names leading the charge from the march lows are nvidia, paypal and apple for more, let's bringager of luke ventures great to speak with you. it is undeniable, the zoom videos of the world and pelotons that have gained from this work from home trend pu what we're seeing is this weird action where the stay at home trades as well as the reopening trades are rall willinging at the same time when you think about the businesses that have benefit te from the pandemic, how do you think about the sustainable bump in business? how sustainable it is post pandemic >> that's the right question what are the companies that have benefitted from a sustainable tail wind. we basically break it into two groups the first, clear advantage zoom, peloton, like you said, amazon, all those have had a bump and they will have sustainable benefits to their business long er term. no question about it there is the question about what you pay for those companies. i think that they are largely very appreciated by investors based on their multiple then a second group of businesses that will have a sustainable a

the way that nvidia has been integrated into our lives, i expect a hybrid approach.asting $500 million for the next quarter. you think the next couple of quarters will be consistent with that. meanwhile, several companies are pulling their guidance. this has been a go to in the pandemic. what gives you certainty when there is so much uncertainty still? >> we added 500 customers in the up market with greater than $100,000 of annual recurring revenue in q1. typically commit to multiyear agreements. we have greater visibility than other kind of these -- companies may 2 with our future revenues. wet said, we have said that could be flat going into q2. half of our customer base were mostly on contracts. there is potential volatility around those customers, uncertainty around how long this pandemic last, is the economic uncertainty? while we are seeing great news today, it is uncertain what the long-term economy looks like, and that is why we are guiding to flat between q1 and q2. >> let's say there is a vaccine, and people are tired of not going to school and work, and pe

companies like apple and nvidia have high exposure to china.uld investors be more cautious on where they put their money, especially in the tech sector? mariann: i am not going that direction right now, having heard with the president had to say on friday. i think i was more fearful on friday morning then what he had to say was not that dramatic, at least at this point in time, about escalating the trade tensions. fact -- expecting -- go ahead. mariann: oh, i was just going to say that the companies that i like at this point in time are five below, because the stores are beginning to reopen. we think that will surprise so he upside when stores rebound. we have a 20% upside from here to our target of 130. another company similarly is planet fitness. when the states permit the gyms to reopen, which they would be in the stores, this is a very value based gym membership company. they actually should be taking market share at the same time there is pent-up demand for such services. through the pandemic, they have been very cash rich while reducing t

we're bullish on companies like intel and nvidia because, number one, we have a huge reliance in demandnd games everything we live our lives with these companies are also able to be innovative to create new product and to evolve with the times. the evolution of working from home and everything we need for mobile technology, you're just going to see these companies and probably mostly in space continue to be strong for the foreseeable future >> what's the topic? >> this one of our top ideas in general as far as where to be invested as we think about the overhappen between high momentum and high beta with think we are seeing a resujs of a 20-year break out in trend. pick any of these names, we'll pick one, asml one of the first stocks to break above its february peak. great looking chart. >> all right we'll see if you're right. thanks for joining us. led to our website or follow us on twitter at trading nation back to you. >>> the sports world is trying to get back to normal. this weekend nascar hosted about 1,000 socially distanced fans. the team sport seem to be hitting a roadblock. we'

here you go elsewhere at this point those guys had we have been back and forth on and that stock is nvidia it had the best quarter. he is going to solve this disease because it's his graphical user interface chips that are so fast that they have allowed a lot of companies to rule out drugs that don't work >> josh loved it too remember we loved it together. >> i know. it was like a mutual admiration of society >> you're the best, man. >> yeah, steph >> i would just simply say i own wynn and i've been buying it they have five quarters worth of liquidity. we expect them to be very weak for the second quarter they just started to implement easing restrictions. that's going to get better in the second half of the year. i think even though it's had an enormous run and i was buying it at 40 and 50 and 60. i think it's a buy here. i disagree with some of the panel members. that's okay. that's what we do. >> you may not like the company or you may not like the operation but the ceo is quite good >> i think it's an opportunity for a trade. >> that's fine >> i agree with you. okay >> i'm a long term

apple is at a high new microsoft, adobe nvidia these are all of the top 25 in terms of market cap. all of them well over $200 billion in market cap at new highs. the big market cap they drag the rest of the indexes along with them they are saying walmart is entering an era of amply identified earnings growth driven by an enhanced productive loop that sounds ominous. the analyst is going to be on in a few moments to explain all of that back to you. >> we look forward to it thank you very much. now despite the growing uncertainty. we put money back to work owing to the momentum that we have seen and expectations are enough to drive us further we believe back up to the highs but probably not much above that >> it doesn't imply a ton of upside >> no, it doesn't. one of the things that you were talking about or we were talking about on the segment was the return in momentum and the larger cap names and i think that's where we could continue to see momentum because folks expect the balance sheets during cash on hand and they were likely to continue to lead in just a way. >> you do think

chips, interesting story morgan stanley downgrading nvidia it means kla corp., lam research, corvo and qualcomm, new high for them. you see, more positives than negatives today. the reopening story, retail sales very much a positive beijing closing schools is a negative on the reopening story. reopening stimulus and treatment. back to you. now to the bond market where yields are joining the market rally. rick is tracking the action at the cme. >> absolutely, kelly that retail sales you can't say too much about it. it was a strong number there's evidence all across the country that the ropings in some areas are pretty hots. i would have to say this my little town, the shell shves ar empty. what you'll notice is around 10:38 eastern we see the yields dropped and a big bid came into the treasury market. we didn't see a huge effect by jay powell's talk or any of the interactions with the senators the dollar index year to date chart are holding instead of last year. dollar index is up a bit tyler, back to you >>> thank you very much. more jerome towel today. the chair beginning two days of

. >> we did hit the 10,000 level it was led by semiconductors we saw nvidia doing well don't kid yourself, there's your 10,000 off of that it's still a nmegacap rally. good day for amazon. good day for facebook and alphabet good day for apple as well microsoft is the lone laggards and that is up about 1% overall here we sort of reversed. the banks, the retails and industrials have led the charge for the last week or so. that's not the case today. we're back to the old meg cap rally and the banks down the retail down. energy stocks down industrials down all this follows a rather predictable pattern in last month or so as these cyclical names for big for the last 6, 7, 8 trading sessions on the down side we keep mentions all of these. we call them retail interests. in the last three or four days they have been moving all over the place. avis, american airline, carnival, justice of the peace penny all of them in various degs of trouble and issues of their eenown. this is a real interesting story. it was halted for news pending prior to the open. it's been halted several times for volatility

nvidia, artificial intelligence, or maybe broadcom. you want companies reinventing themselves to become something better than a plain old merchant company like a paypal. same goes for apple. that needs to be the hardware, right? not anymore. it's about the service revenue stream facebook didn't used to feature shops, now'9" does you've got to wake up and smell the coffee sometimes i want to say, guys, don't you get it i don't think they get it. now, there's others, too how about nike that's a good one, as nike comes down, i want to own nike but in a tough market, you need to circle the wagons around a few good names that you feel comfortable buys and then buying more if they go lower, because they night, in case the neophytes are in there and those recovery places, sadly, they're not recovering. i need to go to dom. dom in new york, dom >> caller: jim bow, buia from long island, new york. >> what are you up to? >> caller: thanks for taking the time to answer my call >> what's up >> caller: my two to bes are ibr and o. i'm a 25-year-old

and don't feel it's kept up with, yes, with amd but of course the one that my dog is named after nvidiaarm holdings which is the one that they're using. all i can say is that yesterday was all incremental and yet the analysts all raised their price targets. why do they do that? they recognize something that the fabulous mickey drexler said yesterday on "squawk box," he threw it out, he said everybody has an apple phone who doesn't have an apple phone? now you have all in you features the sleep feature that i want for the watch, i love all these different incremental things that you can make a phone call and you can see other stuff on your screen. it's all incremental but it's all fabulous. what you have to do is get with a young person and figure out all these new things that's what i do i have a guy named dylan reback he techs me everything about my apple phone and apple watch. you need a guy you need a young person guy, but if you get it you cannot believe how great these products are david, you're going to get the watch. >> there's no manual for the shortcuts. jim, interestingly, pet

then, speaking of, it's not just microsoft and apple and amazon and all those names check out adobe, nvidia, paypal. they are all at record highs just for some perspective, ke y kelly, paypal is now a $205 billion company. it makes almost as much as netflix, almost as much as dm disney, and get this, twice as much as boeing right now >>> top officials, including dr. fauci, are testifying on capitol hill, and it's still going on as the united states' response to the pandemic and cases continue to spike in more than half of all states meg tirrell joins me now with the latest and all headlines meg? >> well, these health officials, and dr. fauci in particular, really sounding the alarm on the trend there starting to obser observe across the country with cases and hospitalizations rising across the south and the west take a listen to what dr. fauci had to say about that warning. >> we are now seeing a disturbing surge of infections that looks like it's a combination, but one of the things is an increase in community spread and that's something that i'm really quite concerned about >> and dr. fau

walmart, proctor, intel, nvidia. adobe, disney, you still have a big five >> that's stunning here's what i would say about that i looked at the multiple of all of the stocks that have hit new highs this quarter there are many what i found is the multiples of apple, facebook and -- let's not add movie, because it's higher lilly is in the same category. coke, possessioni, you have many competing, i'm not suggesting that there are bargains here or they won't come down, but if they come down, much of the market will come down. it's the financials, obviously airlines, leisure stocks, industrials. when you look at size and market valuation in many ways they adjust the price left. >> jim lebenthal, go ahead. >> because there's no guidance, there's no preannouncements. you go back three months ago, we all would have said it doesn't matter that was true back then the context has changed totally, we're talking about and what's missing is any idea, any clarity i think we'll be volatile for the next three weeks until you start t

point we're trying to make, the microsofts, the amazons, the adobes, some of the other chip names, nvidias and things like that why make it so difficult on yourself, right? stay with what's already proven itself >> right and there are plenty of stocks like that. we just talked about the ones that are in, you know, in everybody's mind and consciousness. but as we said at the beginning of the show, there are plenty of stocks under the radar that we don't talk about that continue to grow, selling at reasonable multiples but not classic value stocks like a caterpillar that's been a value stock, by the way, that's done nothing forever or financials where the -- arguably the business models are impinged at this point because of regulations. i think that makes it difficult getting caught in that value trap and trying to go after those stocks and hoping there's going to be value and hoping you'll be bailed out >> i wanted to get to another group of stocks that, you know, i don't know maybe in the midst -- certainly have been doing well rahel solomon will join us now jonathan credentialsky who we k

i think the future is very bright for the nvidias of the world., my friend. liz claman, the major indices again, the word is meandering. at a great level, but meandering. something tells me that won't change in the next hour. liz: if this is meandering, i'm taking it. i'm happy. thanks so much. charles, you know what, we are about to witness whether the bulls can pull off a third straight day of gains. the combo of record retail sales, the possibility of a $1 trillion infrastructure bill and potential treatment for covid-19 has wall street rallying with 59 minutes to the close, dow jones industrials charging higher by 560 points. the s&p up 61. look at the nasdaq, gaining 1.75% or 165 points. are there any fiscal conservatives left inside the beltway? mr. sunday is here on this tuesday to reveal what the infrastructure plan really says about the republican party and whether the bill standa

i have so many better ones i have nvidia, i've got amd. i think those are both better.hould fool around with those that's not fooling around. that that's investing >>> let's go to chuck in florida. chuck. >> caller: ba-ba-ba booyah, cramer long time watcher, first time caller hawk -- >> no, i don't like the demo demographic is mine. that's too old [ buzzer ] >> let's go to jana in california jana >> caller: hi, mr. cramer. my stock is cldr >> well, they did that merger. it's finally coming together i thought the merger was going to be instantly good so i was premature i think you have a winner there in cloudera. >>> i need to go to cassy in new york cassy. >> caller: this is cassie from new york >> go ahead, cassie, it's jim. >> caller: i want to know about international paper. >> the problem with international paper is it's got know growth, and that whol industry has got too much capacity so i am going to say no to international paper. >>> and that, ladies and gentlemen, is the conclusion of the lightning round! [ buzzer ] >> announcer: the lightning round is sponsored

i own nvidia >> thank you, micron >> having a big move today what do semiconductors have that the coronavirus losers don't have to finish out this mini monologue. even though people aren't going from place to place, their data is they're usage of devices is going up orders are as strong as they have been for so many categories that use semis traditionally and for new categories where products have more chips than they have before that's not going to stop on a dime regardless of the economy the moves in these stocks make sense. >> let's continue this conversation nasdaq right now month to date up 5.5%. up 30% for the quarter that's the best quarter for the nasdaq since the fourth quarter of 2001 year to date it's up 11.5%. it blows everything out of the water. technology is up 6.5%. best quarter for tech since 2001 up almost 30% for the quarter as well growth, by the way, is the best quarter ever for the growth etf. growth stocks. is this the way it's going to be for the second half as well. >> we do expect this trend will continue i think we're looking at economic data. while the initial boun

and that's jens en juang from nvidia making the chips. i think we'll get there, which is why i can't be too negative i don't know when that will happen you got to go through the clinical trial process, scale up manufacturing and distribute it where it is needed this pandemic will not end until all 7 billion of us are cured. of course many people feel covid is invincible. keeps mutating, creates new -- but we have seen worse regeneron beat ebola, maybe it can beat covid, and even if regeneron's drug doesn't work, there are so many other pharma and biotech companies in the mix, it seems nuts to go all in on the bear thesis that's an informed bet many blackjack terms, king/ace king/ace it is a 10 and a king with the dealer showing -- no, let's put it this way, let's get this -- if we have something good, from regeneron, it is two kings, okay i don't know what covid has. two kings is a real good hand, all right. even if one of them is a suicide. of course, if we do come up with a cure, all this cramer covid stocks are going to collapse, which

amazon had a 4% week nvidia, up 5 1/2%. pennies away from all time highs. i think that's really what's happening and as we discussed yesterday, i think where the puck is going is that it broadens out away from just tech growth and let's take a look at the xpi which we talked about yesterday, equal weight biotech. that's up 2% today, all time record high. take a look at the ibb, up 1 pn .7%. this is what i think is now going to happen in addition to the spotify vertical move, the shopify of vertical move we're going to see that broaden out to health care plays that have growth. we're going to see that broaden out to other consumer plays that have growth, not just tech, and i think that's what you want to see in the market now. i'm perfectly okay with that. >> forgive me for stepping on you there. i'm going to give you names and tell you what the performances have been. let me get to steve liesman with breaking news, and we'll get back to the conversation hi, steve. >> hey, scott, some important information about banks and the federal reserve and stress testi

this is why wanted to talk bread and butter about nvidia things that can be done. debtif she had no overhang, even if none of her employees had children back home. people are not going to come in. so what enables that? they are not going to come in. what you can do, and you are right about near-term, you can begin to be able to get help in terms of how you have a business where you can go online and say send me your prescription. i can have it filled. this is how we will do it. we will fill the prescription. we will in fact be able to do that. we have a new prescription. we can do a lot of telemedicine that way. do first thing we have to is, like for example, the idea that you get called back on a friday, there's no one available on a saturday, sunday, monday, tuesday, wednesday, thursday, friday next week to take care of a child. how do we get that done? that is why i propose a significant childcare capacity that we have to build. that we should build now and the government should be paying for as long as this crisis exists. the ink of all the people who do not as

it argues nvidia the is the processor doe watch going forward. so i think nvidia will be a big winner already has been and will continue to be in the future i think it's positive for apple. >> i don't have an apple car yet. can't fly around in an apple car. nothing really in terms of a great apple tv still phones, right? here we are at 1.5 trillion. so it happened without that big new move air pods are important i have no vr glasses why did it happen? what does it need to do anything make an acquisition or something or come up with a brand-new exciting product or is it just going to be these incremental steps forward? >> i think there's a recognition that apple is an eco system company and obviously the big change in recent years has been services which isn't that unusual. hardware companies build bigger service company. apple is different than most it's a recognition there's staying power. there's free cash flow and big buy backs you can bet on at the same time there's some concern about lack of innovation and i would say that the wherewithal is

what can i say i miss my wife, i've seen her a couple times the dog i missed nvidia the dog is 13 >>hat whole thing -- >> well -- >> we'll talk warner music the company was once public, got taken private in 2011 there is stephen cooper, he'll join us on a first on cnbc interview. company is going public today. $25 a share is where it was priced 77 million shares. a lot to talk about as warner music enters the public markets. more "squawk on the street" after this ♪ we could never do what they do. but what we can do it be a partner that never quits. verizon is the most reliable network in america. built for interoperability and puts first responders first, giving their calls priority, 24/7. we do what we do best so they can too. >>> welcome back to "squawk on the street." as our viewers know, we typically follow mergers and acquisitions here when there's an announcement of a significant deal in the current period it's been much more of a he foct focus on that are in jeopardy, those that have fallen apart by mute cal agreeme mutual agreement and one side trying to get out of a contract

backbone of course of all tech and when you see -- anytime you see micron up, it's a good reason to buy nvidiaan buy analog devices, it gives you the license to buy every tech stock and that's why -- that's why tech is being sent up because of this micron call what can i say, this is a wells fargo, not a lot of inventory being built. very positive. you'll see all the tech stocks run that are in -- except for qualcomm ran yesterday david, these calls are having -- david, analysts calls are being -- are more meaningful than i've seen in ages what do you make of that >> i think they're just following here and coming up as to reasons as to why figure out a reason to stay positive. >> yeah. >> we got to -- we got the nasdaq comp. up over 11% for the year let's get to bob pisani. is a quadrupled. >> we've seen huge volume at the open let's get to the markets right now and we'll get to the quad. we're up 3% for the week but it's been choppy the last six or seven trading sessions we're trying to figure out what the glide path is for getting out into the reopening and it's not exactly clear. great day

a lot of stay at home names hit today, includiing doc-u-sign, nvidia and more. we're back in a moment usaa is made for what's next no matter what challenges life throws at you, we're always here to help with fast response and great service and it doesn't stop there we're also here to help look ahead that's why we're helping members catch up by spreading any missed usaa insurance payments over the next twelve months so you can keep more cash in your pockets for when it matters most and that's just one of the many ways we're here to help the military community find out more at usaa.com that selling carsarvana, 100% online wouldn't work.y but we went to work. building an experience that lets you shop over 17,000 cars from home. creating a coast to coast network to deliver your car as soon as tomorrow. recruiting an army of customer advocates to make your experience incredible. and putting you in control of the whole thing with powerful technology. that's why we've become the nation's fastest growing retailer. because our customers love it. see for yourself, at carv

massive market caps semis are peppies away from all-time highs some of these are very big stocks nvid nvidia, it looks ridiculously good it's an enormous company by market cap so much bigger than airlines and retailers and all the things we give equal time to it's like do we have this marketwide recovery and does it have to continue every day not really the big stocks with the big market caps continue to soldier higher i think big picture that's what's important is being invested and recognizing that over the past week, hertz, petroleum, despite hertz declaring bankruptcy and rumors chesapeake is looking tofile bankruptcy as well mike, you've been taking a look at the rush into those low cost stocks since the major trading platforms went to 0 commissions. >> low priced not cheap on a value basis. you look at the chart it shows back in october is when schwab went to zero commissions the first yellow bar is the performance of the prior year of these stocks the second bar is what they did since through october, a massive move clearly a relationship between zero cost trading, small, "built into

i nvidia down a lot. we've had a big run. last friday another spike up there was, has just been a happiness trade out of sync with everything whether hot spots in arizona, or whether it be unemployment or whether it be a higher price in food you have to let it come down and see whether the -- whether there's anything left of the day traders after they have margin calls. >> in fact, we're going to fill the gap, jim, from friday's jobs number, which, of course, we all know was better than expected. you mentioned the spike in cases. we got at least nine states with strong increases in cases. texas hospitalizations up 42 since memorial day how much of that is a effefactor separate from day traders? >> a lot of people are in denial listen, that's what happens when you start testing, they say. more hospitalizations, they're not really up. that's not true. the hospitalizations are up. i think that one mof the things that went right in new york and new jersey we started wearing masks and social distancing and saw the result it was go

updated guidance you'll see more going through earnings, definitely get back into names like amazon, or nvidiaor things like that. bigger names, google, et cetera, once the market's had a little, worked off some of the froth we've seen that's the way i think about it. yeah back to the winners of q1, those names will continue to win if the market goes down going forward. >> okay. dan, it's always a pleasure to spend time with you, get your insights appreciate you joining us. as everybody's watching this morning dow off over 900 points now. we'll see where things open. becky and joe, that was a fun show we'll do it again tomorrow make sure you join us tomorrow. >> it's friday. >> "squawk on the street" begins right now. >>> good thursday morning. welcome to "squawk on the street." jim cramer is with me coming to you from separate locations. rick off today as futures suggest we'll unwind historic rallies of the past weeks. that reality check from the fed. nine states with strong increases in covid 1.5 million jobless claims this morning. oil below 37 and the vix above 31 take you back t

this advance to 10,000 from 9,000, i was looking at these stocks, the zoom videos, tesla, regeneron, nvidiaon and ebay. this is the fastest 1,000 point gain for the nasdaq going back so it only took 119 days to cross that extra 1,000 point at 10,000 from 9,000 and it only took, what, the fastest since 2000 when it only took 49 days for the index to go from 4,000 to 5,000. a lot of people see this as a lot of retail buying coming in. not a lot of big fund managers have put a lot of money to work. in fact, there's a lot of hesitancy given we don't have a vaccine yet. some say maybe retail investors are the ones looking at the technology plays they know, apple, amazon. we had b of a, bank of america raising their target on apple today to $390 apiece. stuart: the stock is only down a couple bucks at $350. all right. mike murphy, come back in, please. i have big tech on the screen. leave it on the screen, please. mike, is there any one of these five stocks that you would buy today? >> stuart, the short answer is no. i wouldn't sell them but they are all very extended here. we had the pullback du