i want to take a look at nvidia because we saw a massive breakout here earlier this week, and i think there's some significant upside here. so if we take a look at a longer-term chart here, the stock has ran quite a bit from about a little under $200 to the september 2nd high of about $585 but it spent the last six months consolidating into this wedge formation. and just this week it started to break out higher here. now, if we look at nvidia relative to its sector, despite this, over the last six months ever since that september 2nd high, it's actually severely underperformed the sector itself but on the breakout here this week that we've seen, it started to outperform the sector, and that's a type of relative strength that i like to see going into the earnings event here in two weeks or so. and if we switch our attention here to the earnings itself, i think there's two parts that we really have to focus on. one is the bitcoin rally here. that's going to drive quite a bit of gpu demand for their chips. but also on the cloud computing space, which has actually has been a drag for this

the goal here so i can be profitable even if nvidia doesn't rally sig nif can'tly right at the get-go and pulls back and tests the potential. >> there's the ship shortage, cyclical nature of chips what do you make of tony's trade. >> yeah. i mean it's interesting because in the prior half hour, you know, i was listening to pete talk about intel and how they really aren't deliberating in terms of product, and that obviously is one of the shoatcomings there nvidia is kind of the opposite case it isn't just the demand it's the nature of the chips they're producing. they're basically the standard right now and earn high demand for everything and not just bitcoin but gaming and things like that. in many cases they're sold out you can't even get them. obviously it's very good when you make a premium product and they're in such demand you can't keep up. the thing is it's had an incredible run it's one of the reasons you're seeing an implied volatility a lot of stocks have seen big, big run-ups and are already at heavy valuations like nvidia i like the trade he's doing here obviously when opt

nvidia last night this company reported the strongest quarter i have ever seen from nvidia. this company's become the dominant player in the semiconductor space like intel was in the '90s. no one is coming close to them it's gaming. it's artificial intelligence yet the stock got crushed because this is exactly the kind of turbocharged growth story that wall street turns against when rates are rising. i think nvidia's a victim of short-term thinking. the people who dumped it here i think are going to be making a mistake including the ones who are going to dump it tomorrow. they haven't thought it through. that's why i'm so glad to have the man himself, jensen wong he's the co-founder and ceo of nvidia, the man i call da vinci, right up top breaking all form jensen, welcome back to "mad money. >> hi, jim it's great to be here. >> okay. we've got to get right to it, jensen i think there is some confusion going on here. i listened to your call three times as the stock went down today. here's what i heard. data center growth is superb crypto doing fine, let's not worry about it g

we'll see how this trades tomorrow nvidia shares down now about 3%.o you say >> the breakout in oil is really something, i think has continued legs to it slumber jay, hated, fewer and fewer oil service plays. >> stan. >> we talked about that xli chart breaking out i think you use about a 90 or so stop to the down side but i think this is going higher >> karen >> we got one of those little tractors, too. i don't know if you ever saw my husband, middle market lender on a tractor. >> i have. it's quite a sight. >> it's quite a sight, yes with rates going up, in this market i'm looking for value and i found it lowe's, earnings today, they were foreshadowed yesterday by home depot but i like it right here >> we should note that nvidia was lower but gamestop is holding strong it is higher about 60% on no news what do you say? >> i will tell you that once a year karen eats candy, that's tomorrow an early happy birthday. obviously this is all the eddie arnold, for you fans out there >> that does it >>> my mission is simple, to make you money i'm here to level

nvidia has been an outperformer. up more than 105% versus a 75% climb for the smh and the street is bullish on the stock. 76% of analysts rate it with a buy and 16% a hold and 8% with sell ratings think, this isone josh lipton covers very closely. we'll watch this afternoon for him and the team to brake down those results more closely, scott. >> rahel solomon you own it, as rahel rightly said, this thing was on a run and then this week happened or the last week or so. it's down 5%, but what now >> jensen wong will be on "mad money. i have said this before, he is the smartest ceo in america. he is also the most brilliant and team oriented. i wish he were here. he would fit in with our group he is an incredible person this stock has not acted well and there is always someone who sees some sort of data point they don't like or says, you know what? as long as the arm deal is hanging out, it will not do well or it's now being inflated by crypto they'll be good about explaining how crypto is not important, but i have to te

taylor: i do want to read nvidia's statement.hey say they are confident customers and regulators will see the benefits of our plan. we will continue with arms open and ensure a collaborative relationship. we will bring you more comments from that company as we get them. as we transition from the arms race to this broader story of a massive shortage of chip supply, hasn't this highlighted the issue this is? >> no doubt. we are going through a u.s. china pulled tech war. you have seen tiktok, the viewed there is going to be more and more of an all branch toward beijing because we are seeing some of the damage. it is one thing that can crimp demand across the tech foodchain. if it does not get resolved, it all comes down to asia. that is something that is being called out more and more. as we continue to see a green light for tech, coming off of strong earnings. this is something that could definitely ruin the party. taylor: is it a supply chain issue or unprecedented demand, given the recession we have come out? >> 75% is demand dr

should i wait until nvidia reports >> believe i'm the holder of nvidia and the reason i hold it is becausell only get the chip and with nvidia you will get the chipmaker on all of the games on all of those different consoles and plus you're getting a green data center provider. and also the data center provider is actually going to start bringing in more revenue so what i would do since nvidia is reporting later in the month, i will put half of a position into nvidia now and then wait until after the announcement to put in your other half, but i'm definitely a supporter of nvidia in this case >> thank you, degas for that coming up, bitcoin is pulling back after hitting an all-time high of more than 50,000 today still a nice move. 48,467 we'll find out how the futures traders are playing it and we'll do it next >>> have a question for the halftime investment committee? if you want to send us a video we can play it on air. e-mail us ask halftime @cnbc.com you're sitting in the place where giants ate. the four way is the heart and soul of the community. ♪ i have an idea for a trade. oh yeah,

nvidia out with earnings moments ago joining us now to discuss, our guest. good to see you. >> numbers look great. it was a pretty strong quarter, pretty close to a blow out both in the quarter as well as the guide. gaming very strong which we expected i mean, they're selling every part they can have made for them right now. even some upside in data center, gross margins look good. we'll see how they sound on the call but everything looks really solid here at first blush. >> clearly a great run and it is up after hours because of the strong numbers and guidance. your price target at 575 i guess says it all in terms of whether there is much more room for expansion in the short term. >> they just guided massively above the street so presumably numbers will be going up i mean, we'll see. don't take the target price at any given moment, the stocks had a massive run as you said and things can tend to get out of whack in short periods but in general, you know, they guided well above everything that i can see at first glance at least looks just fine looks very, very strong. we'll s

sales rose 61 percent in the last quarter and that's because of strong demand for it gaming chips nvidia says that it's even going to see a stronger 1st quarter the current quarter is going to be really strong that's what it says. it's much better than what the analysts were expecting it however says that it would need to boost supply and it is in position to boost supply it says to meet the increased demand for its chips made actually to spending thank you so much . and now to some of the other global business stories making news australia has tossed a controversial law that requires digital platforms like google and facebook to pay publishes the news contents they must negotiate licensing agreements with takes in images that appear in searches it's expected to set a precedent for other countries. also in australia the largest airline quantas lost more than 700000000 euros in the 2nd half of 2020 due to the pandemic it said international flights would not resume until this october 8 and a half 1000 employees will lose their jobs. and here's the upside to breaks it not for britain due to

that's crazy you want to buy nvidia because of gaming and you want to buy nvidia because of data, andd has done a good job, intel, david is, a shadow of its former self. >> you said that many times a new ceo there. a lot of people enthusiastic. >> very smart. >> and it can be a years-long turn-around there, given how long it takes to just move to the next, to the next nanometer technology. >> did you get an answer from nxp why they're the ones who have not been able to get the chips -- >> i didn't because i wasn't the one who was asking the questions. did you get an answer? >> no, i didn't get a shout-out. ice cream cone nothing. >> there's a look at gamestop which we will be following now again, where was the stock yesterday? >> the company saying it is unusual -- >> and is ice cream cone a material thing >> absolutely. ice cream cone frog emoji yes. >> and he didn't share it with anybody else prior to posting it >> i think a twitter post is a public dissemination but if not, that's material nonpublic information right there. look at that to me, that says a lot of things a lot. >> oh

it's not just artillery and nvidia >> no, quite the contrary.isaster it would create a monopoly because arm has a 95% market share in smartphones, which is fine as long as there are lots of suppliers in the smartphone market if arm is now owned by a single supplier and, indeed, the most valuable semi conductor industry in the world, it would cut out the other competition, in the west as well as china. and be a very bad thing for the industry >> her man, good morning here's what i don't get. i went out and visited arm headquarters in cambridge around 12 years ago for a story i was really blown away by the way the company had maintained its culture and the way it stand out in europe as a technology leader and innovator look across the various different technology areas that are important. there hasn't been really another arm. how are regulators even entertaining letting this happen to a company that has been so successful over such a period of time we just saw the trump administration kind of defending qualcomm from a takeover not too long ago, bu

who does not want to own the stock of nvidia?ghtning round is sponsored by td ameritrade coming up, a social media users pivoting to scivility how being nice could be good for your portfolio next civility how being nice could be good for your portfolio next a thirteepivoting to civily how being nice could be good for your portfolio next we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ hi, i'm a new customer and i want your best new smartphone deal. well i'm an existing customer and i'd like your best new smartphone deal. oh do ya? actually it's for both new and existing customers. i feel silly. but i do want the fastest 5g network. oh i want the fastest 5g network. are

and china as competing chip makers worry nvidia could distort the market for the u.k. firm's widely used design shares are holding out down about 0.9% dom. >>> julianna tatelbaum with the latest in london thank you. alphabet's ceo and australia's prime minister holding talks amid tech giant's threat saying he had a constructive media over australia's media bill that would force internet giants like google and facebook to pay for news morrison saying pachai raised concerns about the bill: shares of ebay are surging in the premarket trade following the company's 4th quarter results. earnings and revenues for the online retailer topping expectations ebay providing first quarter sales and profit guidance ahead of wall street's forecast. those shares up nearly 10% in the extended hours trade and securities and exchange commission investigators are apparently digging through social media and online message board posts for potential signs of fraud tied to that big short squeeze volatility that was in play for markets according to bloomberg, the probe is being done alongside a

british authorities stopped the nvidia deal. nvidia is doing incredibly well.t even need arm >> but i wonder if you're going to see a broader effort. that's speculation and it's early in the biden pl administration do you get some sort of broader effort toward over the next five years developing our chip infrastructure to the likes of apple and qualcomm a part of it and nvidia and amd are a part of it in some way >> that would be ideal and if we got constituency to do it david, you know that i was close to the previous administration when it came to china policy >> yes >> they did try to get intel involved and intel did some things but it never came to anything the previous administration was into what general mattis was into, to make it so taiwan was safe i'm not questioning the loyalty of taiwan. they're very close to us i am saying that the chinese double order like mad. so if you want to be able to, your ford or gm, and you want the chips and these are not -- automotive is not a powerful industry in the chips. you're going to have to pay extra. you can pay

you. >>> mike, this is always going to be a question for the nvidia arm deal regulatory approval in u.k. and in china does it change anything to hear that google, microsoft and qualcomm are protesting it >> i mean it certainly could prolong the process. maybe it creates new hurdles for when this deal gets completed or under what terms so i don't think the market is panicking and saying the deal is off, of course the market loved the idea of the transaction when it happened for nvidia, the stock was at a high it backed off 2% probably makes sense for the added uncertainty. it's not a matter of betting the company, right a little more than 10% of the market cap reflected in the value of the arm deal. so maybe it is about exactly how they treat the int elect ule property and license can and all the rest of it and which means kmetd tors are concerns with it when it comes to arms ip. >> and what do you make more broadly of this sector, the chip strength >> i think it's one of the really nice, best things for you to watch first of all, their storage, semiconductors, particularly certain k

ease until about six months. >> and we will check with the chip manufacturers and it is not just nvidia, and broadcom and and the shortage could prove to be a difficult one for the sector. joining us is christopher rollins the head of the rollins susquehanna investors. and picking up where chris left off, and that idea, how much money to build a fab, and in your view, how much is that likely to appen? there is a reason that the chip manufacturers outsourced the manufacturing now? >> yeah, particularly at the leading edge, it is a scale game. and the biggest boy gets all of the profits. what we have seen is that, you know, taiwan semi is becoming bigger and bigger an gaand gaine advantages, and it would be incredibly difficult for the united states to catch up in terms the of scale. so, yeah, i would not expect them to catch up. but there is capacity in terms the of on semi, and they have global factorfactories, and thes others. >> and when you say cutting edge, that is the chips that we all want right now, and the chips that go into the cars and the chips for ai and the chips for data c

the stock is down immediately. >> you mentioned nvidia. although i am seeing it looking up now >> i mean we managed to explain it, it isn't a crypto play, darn it, that's what people were saying, 2018, it did crypto and they got crushed and it happened again. that's just untrue. >> airbnb. >> i think that they told a story, i know, you have to be careful, because he used terminology, terms, but the leverage of the model is extraordinary, and every single new home, every single new host, is just additive it's incredible. and that's why this ebitda was so amazing this. may be, of all of the companies that are of that mint, that one period, including doordash, this company has a business model that is just extraordinary the more guests, more money, the more hosts, more money, and they're recruiting hosts, that's the winner of last night, of these newly-minted companies not doordash at all. >> well, we listened to tony on "squawk box," and doordash shares are looking down but you can see airbnb quite strong and we will keep a close eye on nvid

as we head out, here is a look at the biggest losers in the nasdaq 100 looking at nvidia, booking, and lam research. "the exchange" back right after this it's hard to hope, hard to cope with crisis. so we get to work. we mend, fighting for every person in every neighborhood; we, the coming of the common good. so dare to care, to be hope-sided. we're never divided, when we live to give, we always live united. >>> welcome back to "the exchange" this afternoon shares of papa john's sharply lower on an earnings miss amid higher costs kate rogers joins me with a closer look and a special guest. kate >> reporter: hey, andrew a mixed quarter for papa john's eps at 40 cents adjusted due to the bonuses paid out to front line workers during the quarter. revenues a beat at $470 million for q4 same store sales up 13.5% in north america for the quarter and up 17.6% for full year as pizza of course was a big hit with consumers during the pandemic we do want to bring in papa john's ceo rob lynch joining us for a cnbc exclusive thanks for being here. >> hi, kate. thanks for having me >> reporter: we'l

nvidia and arm would be fabulous without it, the stock could go higher we have a chip shortage now. that means more demand for semi conductor capital equipment from the best of the best, land research i like it here under 597 but i like it more on a pull back memoed come on the show and explain to us why you're not giving enough of your chips to american out t auto makers. i'm a fair enough person if you have a good excuse they need smooth work flows to bring in service now one of the favorite cloud stocks at 551 they have been through a series of quality ceos but the company is run by the man with the g greatest rolodex on earth. he's brought service to another level i never dreamed he could get to ten is netflix listen, i don't like to over think things, people this is a $553 stock with a 245 billion market cap they got there by matching your brain with the content you want to see netflix is another company accelerating before the pandemic and now it's so engrained, it's the primary way millions of people watch tv. number 11, here is what you may not know called hub spot this is a

same for nvidia, 12%, 13% off the recent highs maybe that's expected given the huge run-up in the last year there are slews of banks hitting 52-week highs. they're down at the moment, but at the open, most of these big names, all at 52-week highs. bear that in mind. finally the major indices. bear in mind nasdaq only 6% off the 52-week high the russell 20003% s&p is only 2% off the 52-week highs. we had getting some inflation. most people feel that inflation is happening a bit, because the global economy is reopening. that is good news for the stock market and why we're 2% off the 52-week highs. >> no reason for panic here, bob. thank you very much. let's talk more about the market sell-off as bond yields tend to put pressure on growth and technology stocks. and we welcome in daniel suzuki. dan, is what you're seeing an overreaction to yields at levels we just have not seen over the years, or an understandable reaction whose income streams go out many, many years >> i think the reaction makes total sense. the reality of high multiple stocks is you're embedding a lot of growth. that mea

. >>> semiconductor chips are in short supply, with far-reaching implications across the market nvidia's billion acquisition of british chip designer arm, whose chips are used in 95% of smartphones worldwide. daniel newman joins us, thanks for being with us today. >> thanks for having me. >>> we've been following this chip shortage very, very closely. i think probably the place i want to start is things we have seen, expected to sign this executive order that initiates 100-day review looking at the supply chain is that quick enough is that going to help had shortage >> yeah, i think we're in a real different situation. we have heard from about the expectation of this lasten about six months so 100 days would put es well into half of that six-month period i do wonder, morguening, are we able to shorting this at all with any action based on what got us here, which was based on the company's cutting forecasts, automotive missing estimates that chips for smartphones wouldn't be needed, i think the biden administration really needs to focus on how do we not allow this to happen again. >> so h

nvidia. the ftc is investigating concerns over there acquisition of arm. nvidia is down about .8%.lsewhere, the 10-year yields coming close to 120. a real move in the last couple of weeks. s&p 500 will above 3900. looking at 4000 very assume it would seem -- very soon it would seem. two month follow-up atia -- is known for being a disruptive fourth and silicon valley. he's been making headlines as a superhero for the robinhood crowd. he spoke with erik schatzker about bitcoin. he asked about the inspiration behind the tweets they got a lot of likes. i can imagine that is what everybody would want. let's have a listen to what elsie had to say. -- what elsie had to say. -- what else he had to say. chamath i can't take all the credit. we had a group chat and we were talking about random things for the summer. the pandemic. one of my friends actually was the one. it just kind of like set up a lightbulb. i just wrote it and published it. it is very tongue-in-cheek. i did another one that said when bitcoin gets a $40,000 or $100,000 i will by goldman sachs. these are all jokes. this is p

taiwanese firms respectively meanwhile british chip designer arm is subject to a takeover bid from nvidia in the us which is offering 33000000000 euros. but european authorities are watching these deals closely 18 e.u. member states declared the semiconductor industry strategically important back in december it's set to receive billions in subsidies from brussels to maintain europe's technological independence the world's chip makers are mainly concentrated in asia with a 70 percent market share the largest supplier t.s.m. c. is in taiwan american firms have roughly 20 percent of the global market and that leaves just a small slice for europe. european firms long underestimated the importance of microchips relying on their traditional engineering prowess but now things like cars are as electrical as they are mechanical it's time to catch up. and staying in europe majorca was one of europe's main tourist and destinations but today the spanish island is suffering badly from the coronavirus pandemic such as the homeless or retirees who have been affected by the lockdown middle class families

is also the target of a takeover bid nvidia and the u.s. wants to buy it for 33000000000 euros. authorities could still intervene 18 member states declared the semiconductor industry as strategically important back in december the industry is set to receive billions and subsidies to maintain europe's technological independence. the world's chip makers are mainly concentrated in asia with a 70 percent market share the world's largest supplier ts m. c. is based in taiwan american firms have a replica 20 percent share of the market while europe likes behind it 8 percent. european firms long underestimated the importance of microchips just take cars and trucks europe long specialized in high quality mechanical engineering but today's vehicles are increasingly resembling drivable computers europe has neglected the semiconductor industry long seen as low margin and volatile that's now become the continent's achilles heel. let's go now to some of the other business stories making headlines. japanese carmaker toyota saw profits jumped 50 percent in the last quarter from october to decem

is also the target of a takeover bid nvidia and the u.s. wants to buy it for 33000000000 euros. authorities could still intervene 18 member states declare the semiconductor industry as strategically important back in december the industry is set to receive billions an e.u. subsidies to maintain europe's technological independence. the world's chip makers are mainly concentrated in asia with a 70 percent market share the world's largest supplier ts m. c. is based in taiwan american firms have a roughly 20 percent share of the market while europe lags behind at 8 percent. european firms long underestimated the importance of microchips just take cars and trucks europe long specialized in high quality mechanical engineering but today's vehicles are increasingly resembling drivable computers europe has neglected the semiconductor industry long seen as low margin and volatile that's now become the continent's achilles heel. let's go now to some of the other business stories making headlines. japanese carmaker toyota saw profits jump 50 percent in the last quarter from october to decem

are looking into nvidia's $40000000000.00 acquisition of british chip designer arm competitors say the company will have an unfair advantage arms chip designs are widely used by apple samsung and other smart users. now every day tens of thousands of people from the czech republic cross the border into germany for work many of them are employed in industry or in the health care and hospitality sectors but coronavirus restrictions are making the crossing a lot more complex. 7 in the morning in fulton violet on the czech german border yuri burma is on his way to work in germany to enter the country he has to show a negative coronavirus thirst every 48 hours his appointments are made online the test done in a former customs house we're not allowed to film inside there a doctor takes a nasal sample to see if you use dealing with a corona virus infection. after a 20 minute wait relief comes in the form of a text message on his phone. i opened it opened early i'm negative now i can get into germany it's fought in the czech republic as much china corona virus infection rates than germany the r

nvidia agree to buy it for $40 billion in the biggest ever deal. rivals are calling for it to be blocked. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. manus, ann marie -- annmarie. annmarie: the group the estimates with fourth-quarter operating ebitda and there is plenty more executives to come. the executives of volvo cars, and many more all join us this morning, right here on bloomberg tv. >> what was the biggest thing you learned about what a leader needs to be? >> it's really emotional. it's about being authentic. it's about believing in the path you are taking. annmarie: good morning. this is "daybreak europe." i am annmarie hordern in london went manus cranny in dubai. it's a really big, heavy day ahead. a meeting at the boe. policy likely unchanged. the focus will be on the u.k. central banks review of negative rates and then the nato secretary-general will make a major speech outlining his vision for the defense alliance at c

news today several big chip players wanting to block the acquisition of arm by nvidia.ook at the stocks, 8% in the last five days. this is not a meme, this is one of the most important assets in the world. romaine: an important asset and you go back to the old days where people were looking for reflation trade, you look to commodities and industrial goods. chips are big leading indicator now. joe: the ultimate modern industrial. joining us, we were cross asset reporter. the question on everyone's mind is what is going on with treasury cash balance? just kidding. an interesting week, interesting moves like chips and memes. one of the quieter ones. >> it is quieter and i want to talk about the reflation trade because that is falling to the back burner. you did see coldwater this week. on wednesday or thursday, saying he does not expect to see a sustained rise in inflation coming out of the pandemic, which has been that bread and butter trade the last few months. still come the reflation trade in full swing this week. 10 breakevens today had a seven-year high -- 10-year br

let's start with shares of nvidia under pressure despite better than expected quarterly results.he business of selling processors to cryptocurrency miners in his mind to grow extremely large those nvidia shares down 2%. across the pond, standard charter restoring dividends and announcing a special stock buy back full year profits more than halved, but it's backing long-term profit goals suggesting it can recover from the impact of the virus pandemic those shares off 4%. netflix says it will spend $ $500 million in south korea to develop new con tent also announcing two new films out of that country. >>> one other stock to keep an eye on today is doordash, take a look at what's happening here. since its ipo, up 72%. door dash, one of the big beneficiaries of the virus pandemic the company will post quarterly results after the bell its first report since going public the shares up 73% since its ipo on december 9th. food delivery companies a huge focus for investors during the virus pandemic straight ahead on the show, moderna becomes the first vaccine maker to take on the south afr

nvidia did report earnings.hares are higher off of those earnings, but the rest of stocks pretty much flat in after-hours trading. caroline: it is interesting as we speak about the supply and concerns -- let's listen in. president biden is speaking once again. >> i think we are going to be in good shape. thank you. >> [indiscernible] >> am going to be talking to them. i have not spoken to them yet. >> [indiscernible] >> no. >> have you read the jamal khashoggi report yet? >> yes, i have. thank you. romaine: of course, that was joe biden, president of the united states signing that executive order related to shortages of supplies in the united states affecting automakers and a whole host of other industries out there right now. joe: the theme is shortages, bottlenecks. that is what we are talking about. we are also seeing it in agriculture. prices of coffee beans, arava, look at that -- absolutely soaring. it's not gamestop levels, but up quite a lot over the last several months. joining us now, scott irwin, chai

used to make nvidia posted better than expected 1st quarter revenue on wednesday betting on strong demand for its graphic chips used in gaming devices and data center company expects this bill to revenue of 5300000000 dollars that's about $1000000000.00 more than analysts expected high demand he gave me devises and a shortage in the semiconductor market have missed a business and video is the biggest u.s. chip maker by market cap. and as such it has a clear advantage over others because the global semiconductor shortage has been slowing down big industry. takes a look at how chips became the only if all the oil of the digital age. you don't buy them directly but trust me you need them so when the silicon chips are down what happens well we're finding out. that the auto sector has been hit hard with car companies around the world pulling the brakes on production although they're not the only ones makers of gadgets and popular electronics are feeling it to the chip shortage could be why you're having a hard time finding a p.s. 5 or a flex. about one trillion chips are made a year that's abo

and finally graphics card maker nvidia says it will reduce the efficiency of its new r t x 3060 cards ability to mine a theory owned by 50 percent now there has been a worldwide shortage of the company's alter powerful 3000 series cards since they were released late last year due to demand from gamers who want them to play the top titles in crypto minors in a statement released thursday the company said it wants to make sure the products end up in the hands of gamers but all is not lost for you minors out there and the tech guy also announced plans to launch a professional cryptocurrency mining processor which specifically does not do graphics. and that's it for this time you can catch boom bust on demand on the brand new portable t.v.'s built on smartphones and tablets through google play in the apple app store by searching portable t.v. portable t.v. can also be downloaded on newer models samsung smart t.v.'s as well as roku devices or simply check it out at horrible t.v. we'll see you next time on boom bust. in the 1920 s. and thirty's several 100 african-americans moved to the sov

is also the target of a takeover bid nvidia and the u.s. wants to buy it for 33000000000 euros. authorities could still intervene 18 member states declared the semiconductor industry as strategically important back in december. the industry is set to receive billions and subsidies to maintain europe's technological independence. the world's chip makers are mainly concentrated in asia with a 70 percent market share the world's largest supplier ts m. c. is based in taiwan american firms have a roughly 20 percent share of the market while europe likes behind it 8 percent. european firms long underestimated the importance of microchips just take cars and trucks europe long specialized in high quality mechanical engineering but today's vehicles are increasingly resembling drivable computers europe has neglected the semiconductor industry long seen as low margin and volatile that's now become the continent's achilles heel. for more let's bring in our business correspondent charles villany chelsea worried about the troubles the shortage of semiconductors are causing to the auto industr

you a big oomph in the middle of the day a bit of paw in the last two weeks, your big days, micron, nvidia, texas instruments, are doing okay, but they're being joined by salesforce adobes. you can feel apple kind of wants to go positive they're still in the mix the opening stocks are also doing well the traveled stocks are doing well marriotts at a new high. that's dos well. the one thing i would point out. the reason they're down is they're getting very worried about the enormous comps that these companies will be facing in the first, second and third quarters, but it's a very brought radially, and tyler, one day we're going to see technology is going to be a leadership again not today, but it's getting there. >> robert, thank you very much also taking -- things lie bogey and chevron, as value outperforms growth in tech, what does it mean for the market? and kathy entwistle. charles, do you think this is a trend that has legs and will continue >> absolutely. it beat the s&p 500 by more than 15%. this year, the 2000 values beating the s&p again by about 15%. and the reason it's doing it i

nvidia is one that we hold that has done well. salesforce. adobe. probably names that you don't talk about on an everyday basis, but not as big as the faang stocks. amanda: dan morgan, appreciate your time. the senior portfolio manager at synovus. coming up next, rather dismal results from exxon mobil, but a pledge to defend the dividend. we will explain how those things can coexist. this is bloomberg. ♪ amanda: this is bloomberg markets. i'm amanda lang with vonnie in new york. keeping our eyes on exxon mobil as it posts its first loss in 40 years but pledges to defend the dividend. the loss comes with massive write-downs, so it says a lot about where exxon thinks it is going. is the dividend really safe when you drill into the numbers? >> a lot more to be desired on what it means going forward. a lot will be determined based on watching what the oil price does. exxon defended hard what investors wanted to hear, that it intends to protect its $15 billion dividend. if prices go down from where they are now, about $50 a barrel to $45, they made a pro

nvidia, world's biggest chipmaker.ic chips for gaming. they make the games life like with the graphic chips. bitcoin up at record levels that is helping, likely driving higher sales of n nvidia's chip. hershey, called outperform by rbc. the chocolate maker is outperforming because outcompeting their other customers shall we say and competitors out there. finally disney, we have a big earnings report. you like the stock. stuart: 186. susan: we talked about the disney plus streaming numbers. you said it is going to be 100 million. that's the key. i would say it is, kind of built in. that is much more than that, because already forecasting by 2024, 230 million to 260 million subscribers. stuart: down the road aways. >> less than three years, isn't it? i think 100 million is built in to the end of the year. stuart: whatever you say, susan. tell you what is happening now. the stock is at 186. up 3%. that is a record high for disney. susan: yeah. stuart: seeing california theme park come back on stream. susan: yeah. stuart:

we challenge the chinese on "fortnite," we know we can do that, nvidia call talked about that i will you can figure out why anyone would buy gamestop right at the end of the day, juke it up, really crush a lot of people, because it makes sense, it makes sense that the kofz would not wants to do bitcoin, that could be the jim bill departure all of us have to figure out what is going on here, because the retail investors hit it, and we have to protect the retail investor again to what happened previously. >> jim >> yes >> i get the idea, this isn't like a speculation though, for you, you're trying to rationalize what otherwise seems crazy. >> yes, andrew, thank you. that's exactly what i'm trying to be. because otherwise, look at best buy, they talk about supply constraint force gaming and maybe this is a good quarter for gamestop, you had a good conference andrew, and i've got to tell you, i would love to hear, is anyone even talking about regulation of securities because where is that? and is that just something that only hurts the little guy like a lot of people seem to think in my

the dialog deal, this sector has seen heat m&a, dealing to $144 billion we have been following the nvidia arms deal, reaching regulatory scrutiny and regulatory hurdles will be a key focal point on whether this dialog deal will go through. it matches up with renesas and d dialog heavily dependent on apple. >>> let's turn to markets and get a check on european equities and how we're trading fairly mixed session but overall we are trading higher this morning. this adds to last week's gains the stoxx 600 gained about 3.5% alongside even more robust gains in the united states that optimism driven, in part, by positive vaccine news out of johnson & johnson and novavax. advanced economies may have more than enough vaccines than needed with increase on the south african variant, a little reason for investors to pause overall, they do seem to be looking through that news, which we'll discuss in more detail later in the show. pushing onto markets, let's look at the regional breakdown. green across the board we're seeing outperformance in italy, which was a theme last week as well the mario effect

taiwanese firms respectively meanwhile british chip designer arm is subject to a takeover bid from nvidia in the us which is offering 33000000000 euros. but european authorities are watching these deals closely 18 e.u. member states declared the semiconductor industry strategically important back in december it's set to receive billions in subsidies from brussels to maintain europe's technological independence the world's chip makers are mainly concentrated in asia with a 70 percent market share the largest supplier t.s.m. c. is in taiwan american firms have roughly 20 percent of the global market and that leaves just a small slice for europe. european firms long underestimated the importance of microchips relying on their traditional engineering prowess but now things like cars are as electrical as they are mechanical it's time to catch up. and staying in europe majorca was one of europe's main target destinations but today the spanish island is suffering badly from a krone virus pandemic such as the homeless or retirees who have been affected by the lock down middle class families are a

. >> he was the voice on nvidia about -- on a video about dogecoin.d twitter -- it was seen why the on reddit and twitter. guy: you slightly winter weather those coins from his point of view is a bit of a joke. he alluded to the fact that is. it's an eclectic group backing it. the real question this morning is the penultimate story, which was tesla. the use case is important. if you can get a use case for bitcoin. elon musk has been a key driver of bitcoin over the last few days and weeks. now it is investing. i would like to know what their entry point was. alix: that is serious finance. if you knew had a say dogecoin before the 25-year-old on staff tutored us. i did not. when they got into bitcoin, i'm also interested in paying for a car with bitcoin. anecdotally, i have a goddaughter that is 27 and wanted to buy an apartment with bitcoin as a down payment. the broker looked at her like she was insane. i think that conversation will happen quickly and tesla buying it is a part of it. guy: this will only spur central banks into digital currencies. it

nvidia big tech stocks in general down as well. the question here is, the debate is, is the fed, tyler, getting behind the curve on inflation? i think mr. powell very emphatically said he's not, but the valuation question is there. the damage has been done and legitimate, i think healthy questions about the valuation of some of these big tech momentum names. >> bob, thank you. the major averages as we pointed out off the lows of the day but the tech reckoning does continue nasdaq down about 5% in the past week joanne pfeeny at advisers capita management and lorene gilbert. welcome ladies, both of you. joanne, let me get you to explain how you see this tech selloff which bob just illustrated with some names that are down 4, 6, 8% today or more. >> tyler, good to be with you. you know, it's probably a lot of investors having ended up last year doing quite well on some of these bigger tech names and realizing they're not well diversified. it's less about the indices than individual stocks, i think you can see how overbalanced some of

nvidia, the biggest points decliner on wednesday. investors taking a lot into account.e also have economic data that shows strength in the u.s. consumer but also rising prices. that is giving concerns around inflation. we also see treasury yields higher. in an environment where we see yields higher, that often weighs on big tech and that was certainly the story wednesday. emily: thank you so much for that round up. the outages caused by icy weather impacting millions of people across texas and the central united states. getting worse with some blackouts expected to continue through at least thursday. texas rate operator cut power to 2.8 million homes just hours after restoring service to 700,000 households. analysts say the crisis underscores the u.s. electric system's need for additional power lines across the country and large-scale storage systems that potentially could get arhetorical boost to president biden's plans for an historic investment in our country's electric grid. join us could -- joining us to discuss is nicholas steckler. what is your assessment of what

we'll get a read on travel, nvidia which has done well we'll discuss legalized marijuana and how pothat will be interesting, as mike, those stocks have been on fire what will be watching as the nasdaq is 5% off the record high >> it was down 4% on the day earlier. some of the reactions could be a lot of learning companies, also booking holdings is priced in a full travel recovery. all those things, i think, fit into this whole question of how much we've already priced in in terms of the economy and the reopening. >> today was the vix what does that spell for the rest of the week >> it didn't change anything with regard to its general range. look, it's been elevated with the market at its highs relative to what you might have expected. we're still in the zone of a pullback in the s&p. 3, 4% is all we got and the vics didn't see a reason to go further. >> slight decline of the nasdaq. that does it gor "closing bell." "fast money" starts now. >> i'm melissa lee and this is "fast money. tonight, the latest bandwagon. it has all the opportunity the stock come and gone. we'll get answers.

looking at nvidia and intuit both reporting recently.day, both of those down 10% or more today despite the fact that they've had strong runs and continue to have good prospects as far as many investors see it, carl >> yeah, john. it's a different kind of market sell-off where it's not based on economic weakness, but rather economic strength and the yield picture, and bullard's on the tape saying jobless rate by the end of the year in his view 4.5, we'll see if that happens. let's get to the judge >>> we'll talk more about that, carl thanks so much welcome to "the halftime report." i'm scott wapner front and center the state of your money, the broader market remains volatile our investment committee debating all of it for you today. joining me for the hour, steve weiss, jon najarian, rob sechin is the founder of new edge capital group. i'll take you to the wall as we always do to start things off and see where we stand you heard the gang talking about it, the dow's down 320 nasdaq down by more than 2%.

last question, there are companies like amd we like them they are buying, we think their terrific nvidiang to buy arm. does liam griffin need to do something like that or do you have so much business we shouldn't think sky works is next move? >> i'll tell you, it funny certainly, we have the powder and balance sheet and free cash flow generation to do acquisitions and we're always on the lockouokout for the right t. we love the organic business and the opportunity today is still in the infancy our sales folks, really executing. we're pumped up about the business we're in right now but we're in a position to do more as we look out. >> well, look, i totally have been a believer since your predecessor came stock at five and one of the biggest wins. you're doing a great job liam griffin president and ceo of sky works solutions fabulous to see you. thank you for coming on "mad money." >> thanks so much, jim appreciate it my friend. >> absolutely. >>> back after the break >> announcer: coming up. >> it is time. >> announcer: cramer takes your calls. rapid fire, the likghtning roun is next. >>>