would bring to nvidia is something that nvidia is already doing so one of our questions to nvidia, didve to buy a.r.m. because you have been a partner and licensee for years. so as an example they announced the cpu at the high end called grace and a.r.m. is not part of that so the pieces that nvidia has, and it makes sense as well, is that they can accelerate the development and open it up to many more customers. so that makes sense as well. but i think that if you talk to investors, i don't think that many folks expect this to go forward. about you our view as i said is with or without a.r.m., we like nvidia >> so given that your price target here gets nvidia pretty close to being a trillion dollar market cap company, and you are talking about what they can do beyond chips, i wonder how many other companies have to lose for nvidia to win. does unity have to lose, does epic, not public yet, but still big, does epic eventually have to lose? does intel's graphics push which we'll start to see in q120 2022 have to fail >> that is a good question i don't cover the software sector, so i'd r

we do want to focus on nvidia. the big blowout there and it's the new n in faang josh brown, i know you're not surprised. i want you to listen to what you said then, and then we can talk about this quarter on the other side of that >> the market doesn't care about a lot of the ways that stocks like these have historically been valued. it's not texas instruments they're not stamping widgets it's a company that's involved literally in the transformation of the world the next phase, the fourth industrial revolution is marrying the physical world to the digital world. that's what us and our children are all about to live through. >> i mean, six days ago, point being, sell it on valuation at your peril, and today we learn why. >> i hate the sound -- i hate the sound of my voice. i'm so obnoxious let me try to change my tone so -- so, i mean, the growth is ludicrous. revenue growth of 50% for a company of this size year over year is crazy. data center -- >> 55% data center, 55, gaming, 42. >> then they have this thing wh

gina, how are you feeling about nvidia >> look, we have owned nvidia for a long time and it is a strongreally, really strong value prop because their graphics chips are without a doubt the dominant player in the market but the problem is that, you know, no one can rest on their laurels and you have much cheaper opportunities coming in, basically chipping away at that. you have apple that's creating a new graphics card -- a new graphics chip that they have created. and then you have intel that's basically creating a competitive graphics chip that will go into every pc, and that's where the gamers -- that's the, you know, computer of choice for gamers. that will be actually real competition for nvidia so, you know, when it starts to get this highly priced, you have to start to look at who is coming up the curve. >> are you saying, would you transfer funds from nvidia to an intel? that seems like a big switch >> it is, but that's actually -- we're playing both of those names. they're both owned in our portfolio. it is not as though we are making a choice either/or. we like nvidia, we like

, nvidia's a100 chip is an ai chip. amd is going at them head on in ai, their ability to xuft f compute faster and look at what's happening with nvidia. the headline as a sexy headline but i tend to agree with the guys here. i'll take dan's 50% in the last 35, 45 days, to 85% from july. so i do think the stock's had an incredible run the valuation is difficult and i think it's been a transformational time. >> looking at it from a facebook perspective, karen, renaming itself meta platforms signals its commitment to the metaverse and therefore its capital commitment to the metaverse. this may be a small -- i don't want to say it's a small contract it may not be a big deal in terms of amd's overall valuation, but this could be the tip of the iceberg in terms of future contracts and business from facebook which clearly has a lot of money it wants to spend on the metaverse >> right and obviously they're not the only one it seems to be like a modern day gold rush where the chip makers are selling the picks and shovels and the

>> i'm reluctant hold on nvidia.ed the pressure performance in six months you are up 118%, and the valuation of the stock is kind of why i'm reluctant hold i don't think you sell nvidia on valuation, but, you know, it is traded expensive in the past i do think the mentions on the strength in cloud, even there's some implications i think, you will see some strength there even for some of the hard drive, for wdc, for scan disk i think there's a broader story they will help tell the tale on. i think we priced in a lot of love in terms of ai and the metaverse. and as much as nvidia has than a own omni verse, which is that essentially digital simulation platform essentially meeting up with the metaverse, there's so much in the stock but i would never bet against nvidia i think the competitive landscape including amd are hot on their trail >> it is well said it is interesting, josh, this is another one of the companies that has run well ahead of the street i think the shares are around 294 and the average street price targ

comes amid recent boost for chip makers fueling the metaverse like nvidia and amd as well as unity.s, many people were expecting a dropoff here like we've seen the likes of peloton and zoom, but you know, as kids went back to school but roblox has seen the numbers increase i know talking ad nauseam about the metaverse, but here is the play, right? you talk about concerts in the metaverse that are already happening, not so far off thing and brand getting into it like netflix and vans in terms of roblox metaverse there's a lot already happening while some others are talking about what will happen >> i don't think there is, dee i'm going to be the metaverse bear, i guess. i don't think the metaverse is a thing. roblox is a game it's very successful game. it's an immersive game there are lots of immersive games like it. fortnite ea, working on immersive games what does that have to do with ar and vr hardware and equipment which is what some other companies are working on what does that have to do with microsoft's hallow lens, nothing really zuckerberg had a big role creating this narrat

certainly that could happen with nvidia when you think about things like the metaverse. when you think about trying to figure out what ai growth is really going to look like over the next decade, those are, those are questions and problems where there's not a great answer and i certainly could be wrong in the sense that ai growth could just happen at a faster pace the metaverse could show up more quickly than i anticipate and clearly graphics are a very important piece of that puzzle, if the metaverse comes to fruition sooner rather than later. >> your note is really fascinating and it sort of gives us a window into the way in which analysts think you say point blank normally on a downgrade you wait for a negative catalyst. there aren't any fundamentals getting objectively better why not wait for a quarter in which they miss the whisper number or something like that. they give you some cover >> you know, that's a great question that's traditionally what i would like to do even entering the next, entering into last quarter's earning season i was more concerned on the fund

nvidia shares soaring 1340% this year, year a move that has propelled nvidia to be the seventh largest company in the market company in the entire s&p 500 but with a forward price to earnings ratio near 70, and a 35% run-up in just the last month. has this stock now gotten ahead of itself into its quarterly earnings report? joining me now is bernstein's. $230 price target. stacey, always great to get your thoughts on this industry group. nvidia, what are you watching for after the closing bell today? >> it's going to be a really interesting evening tonight. i fully expect the numbers to be great. i'll be honest, i don't know what the stock's going to do it's had a massive month and a massive year i almost feel like you could hand me the endings report and i'm not sure i could tell you which way the stock's going to go they've had some monster quarters for the last year i fully expect that to happen. i do think going forward, you know, you mentioned the metaverse in the prior segment the metaverse, and frankly the broader software strategy that they have, i think, is becoming part of th

retail earnings and big tech names like nvidia which what a run also >> yep, and you'll have cramer to play with out west as he goes out west. >> can't wait. >> and retail earnings let's get to the half. >> carl thanks so much welcome to "the halftime report." i'm scott wapner the week that either confirmed the rally or questioned it joining me for the hour, kerry firestone, co-founder of market rebellion. the winning streak yields and the ten-year note yield 157. 1.57%. we'll get to that debate and it's a good one to have, but we have to get down to d.c. kayla tausche has breaking news. >> the white house is confirming that president biden will hold a virtual bilateral summit with china's president xi jinping on monday evening following the president's signing of that bipartisan infrastructure bill the white house press secretary tells cnbc that the purpose of the meeting will be to set the u.s. intensions and priority and be clear about the concerns that the u.s. has the people's republic of china. it is to responsibly manage competition and cnbc's christina will key that the preside

>> well, if you compare amd to nvidia for example, nvidia has had similar stock trends in terms of priceating new markets, right? and so, with nvidia it's a question of how big can you dream for the markets to be? and you can be as bullish as you want amd it has been a share gain story. the advantage their share is still low. even today they're sitting at 10% market share in servers, maybe 20% a little under so there's a lot of head room to go so, it is -- it becomes a question of how much you can believe in at some point, yeah, i think you're right it becomes a question of how well can they do against intel if you look at the real bulls on amd, by the way you talk to them, and i do, a lot have some very aggressive share numbers if you're looking out in the long-term. there's plenty of people out there that might have 40 or 50% market share for these guys versus where they are right now. i don't know it's aggressive but it's not completely insane to put it in the spreadsheet. 18 to 24 months ago you might have been insane to put that in there. it's not entirely crazy to think what could

nvidia hot right now, surging to a record.gross in the last 8 -- it's gross -- its growth in the last eight quarters now makes it bigger than intel. we will talk about with dave wilson. this is bloomberg. ♪ guy: stock of the hour, nvidia. dave wilson come over to you. dave: third quarter results went over well. earnings and sales beating average analyst estimates. it is all about data centers and nvidia come of the fastest growing area of the business. 55% increase in revenue in the latest quarter. overall, 50%. sixth straight quarter they've had that kind of increase. nvidia, would took over last month from tsmc in taiwan as the biggest chipmaker in the world, if you look at companies this year in terms of market value increases, nvidia has now jumped to third. it was -- nvidia is on a roll. alix: huge market cap now. dave, thanks a lot. bloomberg's dave wilson watching nvidia stock. coming up, sweetgreen goes public. we will talk to ceo jonathan neman coming up next. this is bloomberg. ♪ every day in business brings somethin

this is what nvidia had to say.he cfo said they acknowledged the concerns, but also some competitors, but same language as last quarter. so fighting talk, but these are ongoing concerns from wall street about what kind of involvement, what kind of action regulators will take if this deal happens to get over the line. emily: ed, thanks a much. moving on. earlier this month, alphabet surpassed the $2 trillion market cap. where is the next trillion dollars in growth going to come from? i sat down with alphabet ceo sundar pichai to talk about google's biggest moonshot, facebook's continuing controversies, and whether the search giant will have a role in the metaverse. this from bloomberg new economy forum in singapore. sundar: as a company, we are trying to do more with less data. one of the biggest changes we made was making auto delete the new setting for users signing in. now the users have their data being continuously deleted. we rely on trust for people. every day when people come to google, they place their trust

what about you >> i expect actually tonight that nvidia is going to be challenged here with earnings, with extremely -- extremely bullish expect eggations and gog to have to come through with the sig give kant market share grab and the revenue will have to grow significantly there it will not be about gaming and it's not going to be about the cloud which it was just one year ago in the quarter that was so incredibly strong. you'll see the revenues will be really strong and scott, i'm going to stay with nvidia and i'll stay with my exposure to semis and software i suspect that if tom lee and his chief technical strategist is correct and there is going to be a shakeout in the market. it's going to occur in the places i identified before it's going to occur in crypto assets it's going to occur in energy. it's going to occur in a lot of the value-oriented stocks. >> the winners. >> guess where -- the recent winners. the recent winners guess where that capital will flow it will flow right back into the large and mega-cap growth-oriented technology names where you have the reliability of su

is nvidia. the condition where the brightest minds in computer science to come here and do their life's work, that's the secret sauce of our company. it goes home every night we hope it comes back in the morning, and that's it, you know. >> you tackle problems that people don't realize are problems you're creating something that people didn't think could be created. i've seen the future it's about taking mathematics and making it into wondrous things >> well, we are here to make a unique contribution to the world. and our superpower is our imagination and our intelligence and we've got to put that superpower to work our employees, we're just so fortunate to have created a condition and environment where people love to dream and they dream about the future they dream about future things that are possible. they dream about things that need to be solved and how it might be solved, and they dream of us solving it you have to imagine yourself making that contribution, and that requires ambition and c

nvidia hitting the breaks on the red hot i.p.o. it is thursday, november 18th. you're watching "worldwide exchange" right here on cnbc >>> good morning i'm dominic chu in for brian sullivan today. here's how the global markets are setting up stock markets indicating slight moves, dow higher by 54 points, s&p 14 points to the upside and nasdaq up by about 82. this is a time when all three major indy cease fell by half a percent on wednesday let's also get a look at treasuries here. the 10 year turning lower on the heels of the october housing starts data. right now the 10 year just a hair below 1.6%, 1.598 the two year rises to just above 50 bases points. and the 30 yearlong, just about 1.99%. let's check the crypto market. bitcoin prices right now roughly down 1.75%, 59,344 so a drop below the 60,000 ether down to 4,207. litecoin down to 216 there and julianna tatelbaum is live in london with a look across the pond. >> european investors this morning seem to be pausing for breath after the run in equities this morning, the stoxx 60

nvidia, near a trillion dollars here. >> nvidia?r core competencies. we're not an investor, and i don't think we have looked at it really lately. i know he loves the stock. i know it has some exposure to, let's say, the cryptom cryptomarketplace, and there's been a lot of bottlenecks within semiconductors, but i can't comment on its value it's pretty much outside the area of what we do at ariel. >> always good to see you. >> thanks for having me. >>> san francisco, that's where we find jim cramer jim, being out there looks like a lot of fun i've been watching you try some cool thing, some interesting ideas, and the beautiful backdrop once the country comes up but you've been seeing a lot firsthand, the ev stuff we've been talking about that. comparing that to lucid and rivian is something we've been trying to get or arms around it's really hard to make the math work for the valuations that you see in a arrive usage, or something like that based on what you have seen and your experiences, but also how you did the home up did work. >>

it would be a huge win for the chip suppliers we like nvidia like we mentioned. also, a player in that space and the cloud there as well. >> does the price action lately concern you? just the absolute lift we've seen in the last week or so? >> i mean, not concern, but i will say there's some new growers in the space we have via one point about ten years back, a flash in the pan, came and went, but i think now there is a whole new push, especially with facebook's metaverse, avatars and virtual reality meetings especially the post covid, post pandemic era so there's a lot of computing back and very good for the hardware guys. >> am i right to infer, vj, that if you don't have exposure to ai or the metaverse or virtual reality and you're a chip company, you're at a disadvantage >> we would say ai and cloud is probably on the bigger side of the next ten years that said, look for other enablers and when you look at a match, you have every chip company in the world adding supply. adding capacity. nations trying to bring, source manufacturing. there's a huge tail wind f

nvidia's at 67%.vidia is generating such high margins that they sell a lot of software, there's a significant amount of software built into their data centers, a lot of software that's built into their professional digitization services for work station graphics going forward, there is more opportunity for them to sell more software, particularly in the metaverse where these companies can leverage their 3d simulation software technology that will all be very high-gross margins. >> the conference call here starts in about a half hour. what are you looking for from executives today what kind of caller would help guide this company moving forward? >> yes, sure so, i would be looking for what is their outlook for data center growth going into calendar '22 data center has been the principal growth driver for nvidia over the last several quarters data center is dependent on hyperscaler spending from companies like facebook and amazon and alibaba it's also -- we're seeing a lot of adoption of artificial inte

we will end with nvidia.rging, topping expectations it's benefitting from high demand for video game and data center chips you can see shares are up 11% now. something like 150% year to date has vastly outperformed the other semiconductor names. of course it is in those areas that are just continue to see the growth, carl. >> some of these revenue numbers on the print are jaw-dropping, gaming up 42 again data center up 55 again. we cannot wait to hear what jensen tells jim tonight on "mad money" about the growth trajectory which investors are trying to understand. >> yeah. that is going to be must much tv for investors tonight. it is worth noting automotive sales did fall 11% quarter over quarter, but they're still up 8% for the year and this is as we're seeing the ramp for self-driving vehicle programs but the crunch within automotive supply chains overall and the crypto mining chips fell 60% which perhaps is not that surprising given what we've heard from some of the crypto currency companies, the trading p

but you're going to see real teaching when you see our visit to nvidia's headquarters earlier today. wow. mind blowing now, if you have a sense, a good sense of thefuture, it's easy to identify possible winners but there are all sorts of time frames for the future. when you see the nvidia tour, you'll get a vision of the distant future now, though, we need to deal with the closest future, which brings me to our game plan for next week. you know that most of today's downbeat action was caused by one more dollop of covid disaster with austria going into shutdown mode. that put tremendous pressure from everything like travel and leisure, oil and gas rates to me the whole thing, the whole decline felt incredibly excessive and i think wrong. haven't we seen this movie before, people ever since delta variant arrived on the scene every one of these covid scares has been a buying opportunity. few people seem to recognize this in the moment it always makes you feel traumatized and eager to sell except for the faang stocks which tend to rally. you know what, i think the ones that we're throwin

a blowout quarter for nvidia.ll dig deeper into the number as the chipmaker reaches a record high. all that and more, coming up. amanda: we are seeing some of those stories play out in the stock market today. bradley positive in the u.s., some negativity in toronto, but nvidia is one of the big gainers on the day, up 8%. going another direction, cisco. missing on their quarter. we are seeing big moves, and a big decline for cisco on the day. yesterday, we saw consumer discretionary in the driver's seat, amazon to thank for that. it is still leading the gains, but tech is going along for the ride. some of the biggest growth names are gaining again today. all the debate is still around inflationary pressures and what that is doing to retailers. we will dig into that. u.s. retail foot traffic is certainly showing signs of life, up 40% year-over-year. this is bloomberg analysis of mobile phone data. the beauty sector is leading the way, a 52% increase. malls, department stores were strong, 40% increase. what i find in

this is the key story from nvidia.here is demand for their graphics chips, gpu's, and that is especially the case in data centers. they also boosted margins. frankly, they are selling their more expensive stuff, which is helping on the bottom line. they said they had year on year revenue growth in crypto mining related products and chips, but sequentially calls from quarter, it did. they said they were susceptible to volatility in cryptocurrencies, lower volumes. wasn't it just last week we were talking about lower volumes in the crypto market? i thought that was an interesting tidbit. emily: volatility in the crypto market continues, apparently. talk to us about where they are not doing well. there are concerns about the slowness of the closing of this deal with arm. ed: you can see the stock and after hours up as much as 4.3%. they said in particular they are working with the ftc with some compromises on concerns the ftc has. bloomberg broke the news in february that the ftc was looking at a probe into the nvidia arm

that is nvidia. what is nvidia's play and take on the meta-verse? >> what they are saying is behind the hype, behind everything that seems overblown, this is very simple. this is the next version of the internet. the current version is two-dimensional pages, the next will be three-dimensional. that is something they have a big interest in because they make 3d chips. emily: what is the argument nvidia is making to boost the idea the meta-verse is in fact a real? ian: the next time you are shopping for that leather sofa for your second home in tahoe, instead of driving up there, you will just slip into a virtual version of your living room and see what the sofa looks like in it. saves you that trouble and that time. practical things like a virtual version of a factory the end user has which will allow them to plan how they are going to set it up for the next model that will make. that is what nvidia is saying. rather than the more elaborate kind of scary things. emily: listen to what the ceo set on a conference call a few months ago, saying the future

nvidia is probably the best stock to own for the rest of your life. the omniverse, i don't know if you read the comments overnight, i mean, this , this is going to be the ultimate deflationary force on the economy once it gets rolling and he's talking within five years getting it out there a little bit. this will replace, now it sounds awful if you're a human being who needs a job, but this is going to replace labor at a lot of levels of the economy, where it's going to cost a subscriptions in nvidia to actually replace repetitive-type jobs where maybe i don't want to say, i guess unskilled labor is what it's going to replace and that's where we're going. liz: i get it and again, this apple news is certainly something that is juicing the market along with nvidia's great numbers, phil flynn. they put the target according to bloomberg's report of 2025 where they come out with this car. that, we recall is what mary bar a of general motors told her shareholders saying we're getting out that $30,000 ev maybe multiple ones of those by 2025, so i'm finding t

i think nvidia will crush it. if it wasn't the first trillion dollar semiconductor company within the next couple years. they have their omni verse platform that allows you to develop and create this voter all world. to create numbers around it, it is being said the virtual world will be bigger than the real world which is perhaps an 84 trillion-dollar opportunity. i think some of the stocks like nvidia powering it are poised to run. charles: 84 trillion with a with a t. last thursday, disney reported earnings. the ceo came on and only wanted to talk about the metaverse. how important for traditional firms, media firms, other firms, get out there to get on board with this, get some sort of a metaverse gameplan. >> it is so important. to your point hollywood, traditional hollywood has a huge opportunity here. fox, the parent company to your network is investing $100 million in a new blockchain investment so that it can get ahead of this, making, monetize the i.t. better with existing shows and films they own if the

my top five holdings are shopify, apple, nvidia, upstart, and tesla. >> whoa.this is -- this gentleman has a very interesting portfolio because you could argue that they're all going to trade together because they're high risk, high reward but he knows -- he's a seasoned player so let's go over what bob has here shopify is a very expensive stock, but it's been expensive since we started liking it they do the back end for a lot like etsy, a lot of people who are finally getting to be empowered by business. i love that. upstart, get rid of fiko scores, we have artificial intelligence to tell you what are going to be working and what are not tesla, what more can be said about it nvidia, they report next week. if i had to buy it, i wouldn't buy it yet, we can wait, and apple. apple, nvidia, they're both tech but one is lower multiple. and one is higher. one is semi. but you can say, jim, give me a break. you have to buy united health. i get that, but i'm not going to go against what john has, and i tell you why he stays on top of things, he watches the show, and ev

nvidia up $100 billion in market cap today. it is a combination. target increase wells fargo to 320 so the magic word meta verse and the stampede into the 300 strike call options for nvidia, massive call volumes, i don't mean it's above trillion dollars tomorrow but amazing momentum in the stock. business best positioned in the fastest growing areas of the industry and the cult to buy every dip and look at the little -- >> is it unsustainable >> at this pace it is. it is always been challenged on a valuation side it's not really the financial metrics but i think right now it is essentially looking like a little bit of an overheated chase in the context of a long term advance. >> steph, would you agree? >> yeah. i used to own nvidia and i sold it because i made a lot of money. it was up 100% and felt good but i play the facebook story because i think the disclosure improvement will lead to a rerating in facebook i'm overweight semiconductors. increasing content it is trading at 20 times. i don't think that's egregious and it's a dividend yield. gros

nvidia, where the auto sector is going, the gaming sector, the metaverse, this is why nvidia is where it is. it is over 60 times. it has always been expensive i think it is a little rich. home depot is in the middle of a very strong trade. while the stock is getting richer and so are its shareholders, like karen, i think tail winds for home improvement and housing and playing housing through a home depot and lowe's and williams-sonoma we will talk about at some point tonight, but you are seeing on the upside, it is not surprising on the downside but the rich are getting richer, but the poorer, to what extent is there a valuation opportunity. it's interesting that alibaba sells off on an earnings day when that's not the story of alibaba. 20% growth, when you look at the stock, i think it's attractive this is a story about big brother. on the same day, j.d. went up because they are the favorite son. despite my inability to apply calculus who what will happen with the regulators in china. this is interesting. the move today is not the reason to be selling down alibaba it is not expensive

and an environment with a company like nvidia where it is firing on all cylinders. the only nitpicking was gaming the world is leaving cisco behind, like it or not that's not being mean, just what is happening the flip side are names like microsoft. and look what oracle has done in the last six to nine months. there are companies flourishing and companies trying to find their way. cisco is one still trying to find their way >> guy adame, i don't think you are being mean at all. here is the reality. coming into close it was a $57 stock. cisco is now below where it was 2 1/2 years ago. not being mean at all. be sure it catch chuck robbins he will be on tonight on "mad money. what are you going to do to turn this around. all of your competitors are booming and you haven't done anything in 2 1/2 years. >> and rivian having an honest to goodness down day >>> first, missing the mark. target shares sold off. what the heck happened hey businesses! you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro wit

they will be microsoft, amazon, tesla, nvidia.se are the names you want to buy for growth if you go back 15 or 20 years, the performance is outsized. >> karen >> similar to steve. they have so much risk that one thing performance or physical health you have to diversify. i would go buy some spiders. >> mike? >> i would go with ivv which is another s&p variant, but has low fees, only 3 basis points. i like what karen is doing >>> and a man who played d-1 sports, sponsored by vidal sasoon back in the day >> i am such a huge fan of warren buffett you want to be in what you know. if you know apple and bank of america and you know these various different names that are the biggest components of what are in there, that's where warren buffett is strong >> that might need more than three tacos in a deal, but well diversified company. thank you all very much for playing. coming up, we are counting down to nvidia earnings this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in th

but you can't do it without nvidia by the way, a lot of what nvidia started 20 years old it was a 20- view, carl, most people in tech do not have a 20-year view, but that's always been the way jensen has tho thought. >> look at that. that screen right there is a nice snapshot of the week, given the earnings picture, jim, will be a mix of retail and tech. cisco, nvidia, williams snow mania. >> you think we're out of earnings season? but these are the companies that give you a forecast for the holiday season i think the pressure will be on again on the fed i think they'll talk about they have a lot of inventory and they're ready for the season david, the negativity when it comes to retail is really mispl misp misplaced we have a lot of inventory. i am less saturnine. >> i'm not lagugrious, either. it could be a swart mournful christmas, i don't know. >> williams sonoma will be on. you'll hear about a person, laura alber, trying to figure out summer chain the person who spent the most on supply chain, is best buy, some of these people thought about this a lot time ahead. >> you have poin

so now nvidia is higher than that. is the technology sector getting an assist from the federal reserve keeping borrowing rates near zero? to our floor show t 282 billion in assets under management, eric friedman is chief investment officer at u.s. bank wealth management and sarge guilfoyle away from his screens for a few moments to find out what he's doing on this thursday, final hour. eric so much for the rotation out tech and into value, which side are you saying is best for your investors right now? >> liz, we think that technology is the place where you want to be. that's the spot that we have as a permanent place in our client portfolio, as we do think that for the next let's call it three to four months, it's cyclical value will do well. we've used a one-two horizon framework with customers, more horizon one is this reopening trade as we see more mobility as we see a shift in attitudes about covid more toward the inde mic vs. pandemic, you'll see more travel and activity you want to be involved in those types of

nvidia and amd down 4 to 6%. this as the chip shortage remains in pretty full swing our next guest may have a solution and a half tas makes their chips out of a different product despite reporting $5 million in revenue they were valued around $1 billion in their spac debut last month joining us now, cofounder and ceo gene sheridan. welcome. >> thanks for having me. >> are you the only company working on this newer technology >> we are not the only, but we are the early market and technology leader. we have the most advanced, integrated and highest performance version of that technology. >> what is the implication if you are able to use this and provide it more widely than the traditional sol conchips >> a number of big implications. we can produce up to five times more chips per waver the semiconductor world is constrained by waivers you can also upgrade older fas. the bigger benefit is the energy savings. we make electrical energy 40% more efficient, lower cost, faster charging, and smaller size and really the w

it is said the metaverse could lead to a $12 billion opportunity for nvidia in the next 5 or 10 years there is a lot of upside nvidi sar nvidia starting to become a co commonly mentioned stock >> grasso? >> i have loved nvidia since the day we uttered its name on air with the connected home and even the connected car. but if you look at it on a strength index, it's overbought, registering about 88 and overbought is 70 or above. so is amd and so is qualcomm i think you have to sell the spike higher if i was going to bet on one, i would go with intel. i think it could rally quickly and the others will flatten out. >> draftkings, one of our traders says the market is getting it wrong >>> later, on a special "options action," guy is getting in on a fun laying down a stk oche says should rule them all wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq [uplif

i love nvidia. i think nvidia will speak to the future, right?re participating so i wouldn't be so quick to jump on today's action, it is exciting today, right? charles: right. >> if you're somebody needs to start a position in nvidia you have to start at some point so don't allocate all the money you want to nvidia but you could start today buying a little bit. sit back to see how it does. if it pulls back you buy more, right? if you own it, then you stick with it. i'm not changing my story. i like it. i own it. i'm staying with it. i'm just not chasing it at the moment. charles: kenny, they're giving me the wrap but i do want do ask you a very important question. do your recipes taste the same on the metaverse as -- what will happen to the good cooks in the world we're all on the metaverse eating hotdogs, my man? what will happen to us? kenny, always appreciate it. we'll talk again soon. >>> now that congresswoman mace who we had on at the beginning put cannabis front and center in the midterms. we have the weed stocks where you take a serious

we will be following nvidia's efforts. meantime, facebook changed its name to meta last week, but the problems do not end there. i want to bring in future democracy fellow and former head of election integrity at facebook. i have been dying to hear your take on this. mark zuckerberg's new vision for the metaverse, are you a believer or not? >> i mean, i am not one of these people who is going to get breathless and excited over a change in the name. the metaverse is another question. starting with the point of changing the name, that does not absolve the company of all the things we have in learning the past fee weeks, months and years about some of the really detrimental things happening within facebook and instagram and parts of the meta companies now. as far as believing in the metaverse, it is not my world. it sounds interesting but i am not sure i would trust mark zuckerberg after everything we have learned to be the person who now gets to control that region of the internet as well. and i think that is the biggest con

number four, amd, nvidia, 2 for 2. was downgraded today and its stock went up, what does that tell you microsoft for the azure salesforce goes higher all the time, adobe for creative i and throw in snowflake for analytics. these are the brothers and i leave the rest to others finally, let's do boring and basic for the people who haven't heard anything i said. we'll give you energy stocks even if oil and gas prices come down, they will buy these stocks i doubt crude will shrink to the 60s before the end of the year chevron, pioneer and devin are on a roll. and this won't be stopped by a president who wants to stop drilling here on federal land. less they drill, higher the prices and opec is begging them to clamp down more. bottom line, i'll give you more anointed teams as november goes on because this is one of my affluent, 16 years, the beginning of november is when i always do this and everybody really loves it. i want to give you my preliminary list early so you have time to do homework and take action on your own el

i might rename my dog nvidia a lot of people freak out when they have a $750 billion valuation.t's three times the size of the next largest semiconductor company. you can't pigeonhole this company as a mere chip maker no nvidia's a creation company creating the ability to have machine learning to solve problems we didn't know existed. go watch visionary ceoen sen wong it's a beautiful kitchen soaring beautiful classic call music. the composer is a computer, yet a machine. sounds better. third theme, electric vehicles rivian is in california, the south not the north. here in silicon valley, we have lucid. it just won the motor trend car of the year award. it's not even out. it could be just in your brain we're going to see tomorrow who doesn't want to be the next tesla? who doesn't want to own the stock of the next tesla? that is the real driver here fourth, how did financial technology become a west coast obse obsession? it's a great thing the east coast does financial innovation we develop securities. on the west coast, they're more into engineering than financial engineering.

teslais up a ton implied volatility doubled over the last two weeks nvidia, up 50% yesterday similar moves ine bed bath and beyond we typically see model tilt moving in when a stock moves higher but not this week. the question is how much of this is driven by the call volume we are thinking the call volume overstates the impact and you really want to look at the change in open interest, which is a different thing to follow certainly has a psychological impact momentum-chasing trade, seeing a huge spike in call volume as a signaling device talked about on twitter, the media, the algos might be looking at it. >> are stocks chasing options? or are options chasing stock >> great question. i think a lot of the times the options volume is chasing the big moves in the stock let's look at avis and bed bath and beyond this week positive catalyst, positive news leads to a lot of short covering, less liquidity and a big move in the stock, which is followed by a big amount of call volume ticking with avis, on tuesday a big spike in the stock 30,000 calls trade, a lot of questions about, you know

nvidia the leader in gpus. again amd shares up 11% on the meta news. >> jim kcramer with the late oesest news letter saying it's a chance to take some profits. nothing negative against amd but run up so far so fast and he is in it for many -- much of the year's gains. >> still sees it as best in breed. >>> ev stocks rising today pippa has more. >> the stocks getting the jolt because the infrastructure package for ev charging are most ambitious to date. the spending calls for a $7.5 billion to build a national network of chargers. this is really important because one of the hurdles in the way of widespread ev adoption is range anxiety or the feeling to be stranded with no charger so the hope is that more chargers including along major highways means consumers are more comfortable with evs. charge point which is the largest peer play name up. and then there's evgo up 37% today. these companies have different business models but research firm needham saying it expects all the charging names to benefit from the fun

a stock that climbs endlessly like nvidia or paypal. how about amd, another long time cramer's fav metaverse, i can't recommend it because the catalyst is going another way. these are three future antastick of amazing economy the mark et has already won so much we can't explain my bond yield -- rather than making an i ill-informed decision on this spot, we got to pick up some amd. i rather we pick up some insights back when karen cramer and i ran head funds, he printed out ten stocks on day of zero or macro claritclarity, she would not give me the charge yeah, i don't care so you want to figure out this market hurry up and wait. in the meantime go to the movies, i hear gun supplies are not like the day of lynch version. certainly the market will make up its mind and you can make up yours. if you have not sold any stock to raise money, take a little off the table. got my permission. it's good to keep some cash in your pocket until we stumble on enough clarity to start making sense o f the situation. there i said it we don't know what's g

i'm in nvidia and i'm in amd, and those would be the ways that i would play it, scott i think that nvidia you get crypto because they're some of the most popular chips for miners two, you get all of the graphics processing units, the gpus people need to enjoy the metaverse and all of the rest. so i love all three of those if you need that broad market exposure, smh is the one i would pick >> we'll take a break and come back and do final trades this is the new world of work. each day looks different than the last. but, whatever work becomes, the world works with servicenow. >>> all right. weiss, new week. i don't know what the story with moderna will be from here on out, but regeneron news today, now what with your stock of choice >> right so the stock, i want to point out it was flat over the weekend, so it consolidated saturday and sunday with the market closed. that was good. but seriously, look, the stock sold off on the pfizer news, it sold off a little bit on the merck news those are therapeutics they're not going to impact the uptake on the vaccine, people want to be vaccinated or t

muck liz: okay, in kind of a case of mixed messaging, westernbush down -- webbush downgrading nvidia35% year to date, so web bush downgraded from outperform to neutral on valuation concerns. however, that's kind of interesting. web bush also raised the price target from $220 to $300 a share, but they're already behind that because nvidia made big news when it announced a partnership with luminar. the driving lidar technology crucial to autonomous driving. the it's come back a bit, but let's bring in ceo and founder austin russell. it really seems as moment -- and, by the way, your tock just -- stock just hit session highs x this is like the fairy dust of "the claman countdown." [laughter] this just happened with kenny dichter of wheels up too. tell us about this partnership and what you specifically are going to do, and explain to people who might not understand lidar needing chips. >> yep, yep, absolutely. so the context of the partnership that we have with nvidia is that they've been really leading the modern compute revolution historically and in a number of issues, and now this i

you really cracked me up when nvidia split and i said that's why it's going up and you said it should split it was hilarious. there are lousy moments and if you know your companies and you can be patient because they have the cash flows patience is the biggest virtue of an investor >> if that cracks you up so much you need to get out more >> you delivered it well >> i appreciate you. dr. j, what is your option with qualcomm they were buying november 5th, 132 call, scott. they paid under $4 for those calls and obviously, a huge winner you know, i think they must have been listening to you and jim talking about qualcomm because this was a recent purchase and they're right and right and boom to the upside. so those calls are now $24 in the money. that's a heck of a return on less than a $4 investment. so, yeah 6x, almost 7x on that trade. 700%, scott. wow. i'm happy for jim and i'm happy for everybody who is in qualcomm today. >> must be happy, too, josh brown for people who are in nvidia i'm looking at that time right now. a monster. this stock is a monster and it's pushing on 300 bucks

tesla and nvidia, they have that even smaller companies, they have the same thing.may, you know, smaller opportunities than the goliaths, but we look for companies that can do it again and again and again and keep that growth going for longer, because when you think about the best growth investments literally over the last 20 years, these are really companies that could grow faster for longer remember, amazon started out as a book seller. no one expected they would be what they are today. >> a cloud giant and the rest of it why isn't facebook on this list, or meta. sorry. >> there were definitely some issues with facebook that are really, you know, hard to figure out exactly where they will go so, you know, where they are in, you know, the public, where they are with regulatory issues, the impact that idfa will have on them so we have significant investments and, you know, what i'll call digital advertising, digital media, we just don't have investment in facebook today. >> understood. two more specific names i want to ask you about one obviously is tesla because it

qualcomm versus nvidia this is back to when nvidia went public in 1999 the action these days reminds of a qualcomm at the end of the tech bubble. 1999 the year 1999. for qualcomm up 2,000% nothing like that in terms of a vertical move for nvidia but to get back to the year of 2000 peak about 20 years. also not a prediction here nvidia is right now about 65 times, 60 times forward earnings qualcomm cot there right about there. you can be correct about the huge moves and what matters in chips and still once it gets to a certain near term peak you don't know how much the priced in. >> thank you see you soon. >>> turning to the latest on the virus. the fda making a big move on booster shots as europe deals with a jump in cases meg? >> hey, sara the fda clearing boosters for all adults over 18 at least 6 months out from the second shot. the cdc advisory committee is debating to recommend that right now. let's tell you about what's happening in europe. see the cases spiking in several countries led by austria implementing that nationwide lockdown the blue line there. the netherlands, germa

and, wow, we own nvidia.ell, we own this, and this is -- i'm going to explain this on our conference call this is the definition of -- we felt that ebay, the separation was going to happen and it would be -- the worst part would be this quarter it turned out to be they're not done but, david, the pinterest interest, i think, was because businesses slowed down they would be adamant to say that the last few weeks have been better. they start, but, david, they started the call with, wow, the big news and the venmo/amazon deal. >> where is the slowdown where is it coming from? >> they said that the back-to-school season was slower in -- >> okay. >> back to school was red hot for everybody. >> so what -- do you have a sense what may be going on here? >> i found it a head scratcher i raised eyebrows and i felt very disappointed and i was sad. even though i was playing someone -- all that had to happen was allen robinson. my daughter is with me watching -- >> you weren't morose, were you? >> my daughter said, what's

we had been building a key position in nvidia since 2018.u go back to read our analysis it fully come to fruition today where they would lead in the data center n 2019, after we wrote that, they had declining data center revenue. in order to outperform our institutional competitors we have to take big chances and strong in our thesis. today it is history what nvidia has done. everybody understands it. getting in front of the bigger moves. charles: nvidia is name i followed for at least a decade. in fact featured in my own book a couple years ago. what is interesting to me just how much this current spice is metaverse related this metaverse thing, when i start talking about it not long ago, a lot of analysts play me off, coming in a decade, not a big deal but the fact it is coming to life much sooner than advertised. certainly you see that in the stock market. are there other areas to take advantage of that? >> i think the whole market is focused on gaming and for good reason. you have strong early adopters in the gaming segment. i would argu

by the way, both of these guys love nvidia, i love nvidia.[laughter] have a great thanksgiving. liz claman, again, another choppy market. the nasdaq full any in control though. liz: how about that? you rightly pointed out some of these names have been selling off, others not so much. charles, happy friday. the s&p and nasdaq, any gain will mean a record close for both as increasing coronavirus cases boost some tech names but slam energy and financials. the dow is really struggling, down 263 points. the $1.8 trillion social spending bill passed this morning by the

nvidia the highest holding last i checked.er etfs with similar rankings but we are very indexed to this theme. you are not wrong to identify that many of the metaverse centriy companies are not yet public and cannot be included in this index and very early in this transaction late in the '90s and mid-2000s many companies came from the last generation and very quickly turned out we expect similar transformation. >> i know you have written extensively about this i'm not sure that people necessarily understand what it is investors are excited about it but we associate wit with the video games and that virtual reality but it is so much more and decades away from realizing it can you paint a picture of what you think is getting everyone so exciting >> there's a series of interconnected 3d rendered images like the websites and information, sources and device just the metaverse will be, too, but in 3d why there's a good reason why the innovation is coming from the gaming industry because the only devices powerful enough were gaming c