and nvidia, obviously. we'll walk you up to nvidia's big earnings report.t more debben. >> the stock got shalacked last week they said they will earn $5.50 a share. they're paying half of that out. so 5% dividend yield going forward. so fothen we sold navient you sell things that are overpriced it's trading at 3 1/2 times, ten times the multiple >> farmer jim, final trade, what you got? >> raytheon. looks like it's going to support airbus and boeing production increases. >> josh brown? >> starbucks don't drink cups of olive oil, you idiots >> jenny >> madden, 6.2% yield. >> all right good stuff i'll see you on "closing bell. "the exchange" begins right now. >> thank you, scott. hi, everybody. i'm kelly evans. here's what's ahead this hour. the fed's james bullard, reis rating his call to go north of 5% how many agree stocks try to recover from their worst day of the year. and one of our guests says high inflation is leading some companies to suffer from money illusion, and it's one reason layoffs haven't hit just jet and we'l

>> nvidia betting big on a.i.fhe ght rgs thiestaeton the street after the break. the first time you connected your website and your store was also the first time you realized... we can do anything. cheesecake cookies? [together] the chookie! manage all your sales from one place with a partner that always puts you first. godaddy. tools and support for every small business first. >>> let's get back into the move for nvidia the eighth weekly gain, the first time it's ever had that kind of a track record our next guest believes nvidia's long-term prospects are some of the best in the chip industry giving the increase in generational a.i. models joining us is piper sandler analyst kumar. good to have you let's start off, what surprised you from the call and beyond the earnings were you surprised by the commentary as well >> yes, i was. thank you for having us on the show it was what i would call as a perfect guide as far as the quarter was concerned. they gave out a gaming bottom, one quarter ahead of the preview. the

will nvidia be higher or lower tomorrow, after the results tonight? you can head to @cnbc closing bell on twitter. >>> legendary short seller jim chanos is forecasting the markets. we'll talk about one of his latest shorts, along with a few others we're live from the new york stock exchange, "closing bell" right back with two max-strength pain relievers. ♪ so you can rise from pain like a pro. icy hot pro. the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪ the first time you connected your website and your store was also the first time you realized... we can do anything. cheesecake cookies? [together] the chookie! manage all your sales from one place with a partner that always puts you first. godaddy. tools and support for every small business first. when i was his age, we had to be inside to watch live sports. that always puts you first. but with xfinity, we get the fastest mobile service and can stream down the street or around

is everything flowing nvidia's direction? are they going to be the intel of the next generation >> that was the big question that kind of went underanswered the call last night. the ceo was talking about we expect to see acceleration in the data center business implying it's related to the ai stuff. they just didn't say when and to what degree. the $300 billion that chris was talking about, when does that come to fruition they don't know. but they see an acceleration happening this year and how long that momentum can continue is a big question that went unanswered yesterday so we have to see if this in energy around ai keeps up and if nvidia capitalizes on it >> chris, thank you very much. steve, good to have you with us, we appreciate it. >>> let's turn to google where life is less roomy google announcing it will ask some employees to desk share in an effort to cut costs the new initiative is known as cloe, or cloud office evolution. jennifer elias is here jon fortt is joining us on set as well. jennifer, is this as strange

nvidia, if you are nasdaq older, you got to nvidia holding up the nasdaq right now.asdaq up 96 right now. in i♪ business alert, look at this. usually even in the winter californians are relaxing by the pool. kind of hard to do that when it's snowing out. you are looking at you from 52 miles south of san francisco. it's snowing by the pool. we showed you the hollywood sign, there's snow by the hollywood sign. california's far from the only state hit by extreme weather, south dakota on your screen. we have pictures from colorado, minnesota all the way to new hampshire, more than 3600 flights delayed. more than 1000 canceled nearly 1 million customers without power due to the wintry storm which is tearing through parts of the country and there's a blizzard warning at this hour in southern california. kelly o'grady where she is at lax with more on what travelers should be bracing for. snow on the hollywood sign? i'm from california, never seen that. >> i know, this is not why i moved here, i moved here for the sunny weather but march is a couple of days away, winter is g

nvidia focused on a.i. executives say they will focus on 1 million percent we have tech reporter arjun kharpal with more on the story >> reporter: frank, it is nvidia getting caught up in the a.i. hype with chatgpt. the company bidding on the top and bottom line. the forecast got investors excited. $6.5 billion ahead of consensus. one bright spot is the data center the chips for a.i. applications and revenue up 11% in the division year on year. the ceo talking about chatgpt and a.i. chatbot announcing to sell services directly to consumers via cloud computing companies. the chipping are key to a.i. applications you saw the weak pc demand we feel a.i. is key for future growth for the coming quarters the ceo addressed that on the earnings call. here is what he had to say >> the accumulation of breakthroughs has brought a.i. to the inflection point. the capability has triggered a sense of urgency at enterprises around the world to develop and deploy a.i. strategy >> reporter: another bright spot is gaming. rev

i think we'll be fine, technology, like, semis, good, nvidia does nvidia's strength speak for all thehe strength of all the semis, but it does -- it is feeding off a reset in attitudes about the group. i was saying earlier, the consensus price target is where the stock is right now 236. everyone was too bullish when it was way higher a year ago. they cut their estimates expectations came down that process i think can support things for a while also seeing some data about outflows from s&p etfs and qqq rolling like last two or three months, it reached extremes. to the point you say people are not -- there was a big grab for risk at the beginning of this year you talk about the short recovery and the chase, people thought they found the old magic in some of these old stocks again. but if it faded quickly. when the markets started going up, the names rolled a little bit and gave back some of the gains you had people back away from those bullish bets. >> if newton is going to be right with his call, which is certainly more bullish than many, does he need technology to perform well to get

these are all areas of interest that we are going to be focused on with nvidia >> jason, you own nvidian the stock it had a price target increase at key bank. they raise it had from 220 to 280. >> nvidia has been a long-term hold for us and it's run a ton, up almost 40% year to date as we talk about this rush in ai and the gpu chips, nvidia stands to benefit the most, i think, of all the chip makers in the industry and i think that's just one data center, gaming, and there's been some deceleration there. the other piece for me, inventory also was an issue for a lot of the seminames, nvidia included i'm still positive on the stock and still believe that it deserves a core holding in our portfolio. >> shannon, you have chip exposure, analog and amd what's your take on nvidia and why not be in nvidia with all this ai hype >> well, it's a tough question, and if you were asking me two years ago you would have said with all this gaming heim we had and all the pc sales we were experiencing during the work from home/stay at home period. this is always a tough call and a stock we talk a lot abou

and it is tesla, nvidia and microsoft leading the charge higher let's talk nvidia. bank of america ups its target saying that it could win big, speaking of, in the ai arms race o e alt lk tthanys straight ahead >>> check out some of the search tickers. plenty of macro focus today following the cpi report ten year yield right on top, 3.7. seeing higher yieldses b across curve. two year reflects the federal reserve's policy and it is higher today 4.6% s&p 500 is in there up a tenth of 1%. as far as single stocks, you have palantir and tesla both big winners. zoetis also a big winner after they beat on estimates up next, their ceo will break down the numbers the first time you made a sale online was also the first time you heard of a town named... dinosaur? we just got an order from a dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. godaddy. tools and support for every small business first. 92% still active? seems high. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob?

the cfo saying nvidia saw orders pause as a timing issue. this has to do with cloud serving providers. >> the other risk is the customer concentration. a lot of that data center revenue is driven by customers, they're the ones building cloud capacity. it is not as if it will not come back, but because the companies have been spending at elevated levels, there will be a pause. it could be two quarters or five quarters. caroline: always great to get your immediate analysis. coming up, the auto sector is hungry for chips. we hear from the mercedes ceo himself. ed: we are at the heart of silicon valley. an exclusive interview with the ceo of mercedes. that is up next. this is bloomberg. ♪ >> the challenge for the industry is to absorb the additional cost to protect affordability. >> does that mean job cuts? >> we are not excluding anything from the task. caroline: the company that makes jeeps may have to further adapt its industrial footprint. he leaves nothing off the table, even further additional job cuts. let's talk to another key player in

is this a guam-changer for nvidia >> i don't think it's a game-changer for nvidia yet.y is real impressive, but also there's been concerns around gaming remotely it's just up until very recently, the performance wasn't synonymous with what you're able to get from a pc or console at home so i think when you look forward, this could be really interesting for them but i don't think it changes anything in the near term. >> got it, got it. let's circle back to what's given nvidia a run-up. we're going to show the chart since microsoft announced the invest millionaire a huge run-up in nvidia stock, up 30% how much of this run-up -- excuse me, actually 40% year to date how much of this run-up is due to the secular buzz around ai or is there something else investors are getting really enthusiastic about >> i think a lot of it is due to the buzz around is the secular ai with regard to stocks in general, there has been a view we may have seen the bottom in terms of the forecast for q1 and to that extent, you've taken a risk out of the name but i think ai stock s s have hd success

you can't get around nvidia once you go down that road. you literally can't.it is sitting at the center of all of this and it is more than just chips. it is the platform upon which just about everyone is going to build their ai strategy. so just like five years ago everyone was trying to figure out what's my crypto strategy? that really didn't go anywhere for anyone what's my ai strategy has an immediate impact on your business right now, and it's a very simple idea you cannot do this with linear computing, with cpus, you need parallel processing. that's why graphics processing units, gpus, are the answer and nvidia has been working on this for decades. so that's why i've been able to hold on to the stock through the whole down cycle and the whole way back up and, frankly, i wish there were five other stocks i could look at and dhchoose between. this is the one for me >> when you look at how some of these stocks have rebounded like nvidia has, i can't help but think of tesla tesla went from 100 to 200 in, i don't know, three weeks? you're a tesla shareholder i

disney and nvidia.'s in the middle of a kocornr office shakeup, the other is way up, to the tune of around 50%. >>> and kevin kelly joins us with a post earnings play on a winning bio tech name. i'm dominic chu. this is options action live from the nasdaq market side from times square in new york city. on the desk tonight, mike co, carter worth, and brian substitute lan the groundhog says we're getting six more weeks of winter, check out the names on deck to report results. paypal, disney, uber, pepsi co all ready to deliver results next week. let's drill down on what we can expect out of some of those stocks we'll kick it off with uber. it's been a five-star rating start for the year for the ridesharing stock, shares up more than 30%. so mike co, what do you think about uber >> yeah, i mean, obviously it's been a spectacular beginning to the year, it's been a big run we've seen this week it's up 7% or so just since wednesday. the options market right now is implying a move of about 11% by the end of ne

what microsoft is offering nvidia here to get nvidia to endorse the deal, they said we'll give you somee activision and xbox games, including call of duty, and nvidia said yes. and they're all in on the deal now. >> i just didn't realize they had this again, we're getting too far off point. but when you say we promise we'll give it to you for ten years, you're implying it has a shelf life all right, steve kim, let me turn to you so you can pop the ai balloon, and don't break my heart too much. i think this is stunning technology, just to my naked eyes but you have worked on stuff like this and you're warning it's going the way of 3-d printers >> well, i don't know if it will go the way of 3-d printers that was probably the most hyped, not really ever gotten to its promise of technology. so getting back to ai. ai has some great uses, no doubt. it's like magic, but better because it's real, right and where i think it's overhyped, it's not going to be quite as knowledgeable it will be great in spot applications but it's not going to take over our lives, sorry. and it's going to take far lo

nvidia shares have jumped in the u.s. late trade.gesting is pushed into artificial intelligence processes is helping offset sluggish demand for pc chips. the company has moved from a focus on graphics processors into a strong position in the growing market for ai hardware. intel has slashed its dividend by two thirds to the lowest level in 16 years. the world's biggest maker of computer processors since the decision will create long-term. it forecast one of the worst quarters in its history as a slowdown in pc sales ravages the semiconductor industry. francine: coming up, wpp shares search as the ash giant forecasts sales will rise more than expected. we will be joined by the chief executive. next also, a chat on ai and chatgpt. this is bloomberg. ♪ i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you p

>> it's just a big ricochet similar to nvidia, and declined similar to nvidia.nd i think that point is here and now, you fade the ricochet i'm a tseller. >> okay. tesla and elon musk not liable for securities fraud in that tweet case you can get more details about the verdict on cnbc.com. that does it for us here on "options action. we've got a mark that's all kinds of crazy keep i >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. wel welcome to a special miami edition of "mad money" coming to you from the amazing telemundo center other people want to make friends, i'm trying to make you money. my job is to educate, teach, call me 800-743-cnbc tweet me

carl, what was your take on nvidia call?great oppenheimer note on microsoft saying, here's a company with $18 billion advertising business, a new partner in netflix, for example, and we're just getting started what's the longer run given $200 billion? >> nvidia, the way the stock trades as if it has a quasi monopoly leveraged to ai the street caught flat-footed on nvidia way too bullish at the highs, 80% buy ratings. now after the run it's had, people were reluctant to say this makes sense even today the consensus price target is $236, where the stock is right now today nvidia has added two-thirds of intel market cap intel still has double the revenue of nvidia. what's getting capitalized through nvidia through this sky's the limit, open-ended, dare to dream type growth. >> isn't the real surprise not the way in which wong was willing to promote the technology, but calling a bottom in gaming. >> without a doubt saying all the things that were pressure points are easing up and we can inflect higher. it was brilliant if you lo

>> it's a big ricochet, similar to nvidia, 100% move off its low and decline similar to nvidia on thesome point, and i think that point is here now, you fade the ricochet, i'm a seller. >> okay, tesla and elon musk, not liable for securities frau in that funding secure tweet case get more details about the verdict on cnbc.com. that does it for us here on "options action," we've got a market that's all kinds of crazy these days let's keep it right here you've got "mad money" with jim cramer, starting right now is a paid program - theg for joint food with tamasteen, brought to you by nordic healthy living, a proud sponsor of the arthritis national research foundation. these statements have not been evaluated by the food and drug administration. this product is not intended to diagnose, treat, cure, or prevent any disease. (gentle bright music) - hello, i'm christine bullock. welcome viewers from across the country to "house call." today we're talking about your joints, what to do about those aching knees, shoulders, hips, and fingers. people often ask me what i think about the latest mi

this industry is being closely watched, among other things, because nvidia shares for a month of media around the dialogue of artificial intelligence gt, which he predicts almost a revolution in the market internet searches grew by 40%. and probably. will grow further. but the availability of a video accelerator, as they say, may be the other way around. decrease the fact is that to train a neural network of the gpt level, you need at least 10,000 specialized nvidia a100 or h100 processors originally designed for such tasks, but that was more of a scientific project by open ai. now, a similar part of the gpt solution from the same open ai is built into microsoft's bing search service, that is, it should work with a large number of requests in minute and not only with a cast of the internet two years ago, but with a whole array of new information appearing every day , according to experts in the financial service of the investment committee of the new version. the neural network has already been trained on 25,000 specialized video accelerators. but this is not so bad bing is not the mos

the market, expect new stages of processor shortages , this time graphically, first of all, from nvidia its solution that is used mostly in data centers and supercomputers responsible for training neural networks, according to analysts financial corporation jefferes as of last december products of nvidia provided 86% of the total computing power of the six largest cloud platforms, and in general from exactly half of the ten most powerful supercomputers are based on nvidia components well, exactly financiers are bankers. this industry is being closely watched, among other things, because nvidia shares grew by 40% in a month of media noise around the gt artificial intelligence dialogue, which is predicted to almost revolutionize the internet search market. and probably. will grow further. but the availability of video accelerators, as they say, may be the other way around. the fact is that in order to train the level neural network part of gpt, it is necessary to at least 10,000 nvidia a100 processors originally designed for such tasks or something, but that was more of an open ai science

this industry is being closely watched, among other things, because nvidia shares have grown by 40% in a month of media noise around the gt artificial intelligence dialogue, which he predicts almost a revolution in the internet search market. and probably. will grow further. but the availability of video accelerators, as they say, may be the other way around. decrease the fact is that in order to train the level neural network, part of gpt you need at least 10,000 nvidia a100 or h100 processors originally designed for such tasks, but that was more of an open ai science project. now the same part of gpt. the solution from the same open ai is built into microsoft's bent search service, that is, it should work with a large number of requests per minute and not only with a two-year-old copy of the internet, but with an entire array, new information appears every day according to financial service experts investcom. a new version. the neural network has already been trained on 25,000 specialized video accelerators. but this is not so bad bing is not the most popular search engine, but chall

so closely watched this industry, including because nvidia shares for the month of copper.

nvidia is not the only player in this category. there are a lot of players that we also own and are also excited. ed: in that case, is nvidia the best position name or is there and another in particular that you are excited about that you think and grow a business around the momentum in a i? >> certainly nvidia is the one in the best position. a third of their revenue, almost 60% of the revenue comes out of the data center and a lot of that comes out of cloud service providers. a lot of the growth that we think is going to come in years ahead is going to come on ai. that said there are other players that are also well positioned. a lot of semiconductors certainly tsmc where these advanced chips are any fractured then in electronic design automation the building of new chips, companies like synopsys are well positioned. the cloud provides are -- providers are also in code good position. there are many ways to play this. nvidia is probably the best position in the semiconductor space. ed: donovan, across franklin's different funds an

nvidia is just a neural network.y, i talked to some younger people at the investing conference all they want to know about is nvidia, because they all recognize that it is artificial intelligence that's what happens. >> it validates what jensen huang said last week about it being an fleinflection point but it's the most obvious play, is it not >> it's the only play. and i say it's the only play because you can't have this generative a.i you can't have accelerated compute, because everyone else is stuck on an intel model, and they've left intel behind, even though intel would say, that's not possible it's possible. it's empirical what i love about this piece is it tells you if you want to invest in a.i., you don't buy one of those a.i., you know, the etfs you just buy nvidia because it's the only one that has figured out how to go fast enough, that allows you to do things in seconds. i know the chinese have outbought, but this is the beginning of a new era, and when jensen says it's as big as the pc and as big as the

i mentioned nvidia today. we gave dan flax some props.hat liked it as well. take a listen. >> nvidia, the topographics chip producer in the industry. so i think they have been just knocked off of their pedestals last year. boy what a bargain is this to get into when you think about seeing a.i. playing out the next three to five years. >> nvidia earnings look great. i expect forward-looking guidance to be well. gpus are required for these a.i. wars. charles: many are now saying nvidia is the sort of, the picks and shovels of the industry. that might be the best place to invest? >> a great place. it is chips. everyone needs to run on gpus. a.i. works best in gpu, computer vision. charles: you watch "making money" to make money. alli is really the best. coming back my take what we need to do for our servicemen and women. also popeye's is crushing it in paris. why can't we do the same in italy? kenny polcari tells us why american tastes aren't translating that well in italy. we'll be right back. ♪. for businesses of all sizes, there are a lot

without question you take nvidia, multiple of 92 times and you say it's trough earnings, but think of what the earnings have to do to grow into that >> well, their earnings have always had to grow into that multiple whether it was in the sky or coming back down-to-earth a bit. >> all-time multiple where you have down earnings so it's not what it was earlier as we heard from amazon web services and have heard continually that data goes into -- you need more on the market >> i sold it it came out of joe t did you sell apple too early? >> i lean away from that and i wanted more of a low approach. >> are you mad >> i'm the mad one on the show >> when you're running a portfolio you're not judged by two days you're judged by the entirety of what the portfolio does over a one, three, five-year time frame. >> listen to what brad gerstner told us. he used the word tail wind to the stock. listen to what he said because it's so apropos. >> the tail wind on multiples for stock, secondly a re-acceleration at google, at meta and, third, we have these companies acknowledging they have the opportunit

nvidia up 63%. meta up 43%.tations were so poor that some of the results from these companies, the idea is the worst is behind us. one big question has to do with the fed, liquidity, goldman sachs talking about 25 basis points. we had the solid jobs data in terms of continuing claims and additional claims coming in lower-than-expected. the bloomberg expectation for labor conditions coming in very high relative to the overall economic surprise. we have core pce, it will be interesting to see if that moves the market. moves for big tech movers, look at the sectors. with the move of nvidia, chips outperforming, up 17%. technology, tech, software, this is such a turnaround from last year. energy gaining more than 100%. at least right now, it is technology's time to shine. we have yields backing up in a big way but people overlooking the valuation risk. guy: cathie wood is delighted by what you are talking about. thank, indeed. cliff asness is minting himself. he comes off a record year for a dozen of his funds. aqr'

it's like nvidia, straight up. susan: that is correct. stuart: ebay.s outlook. susan: i would say, look, to end last year they actually had better sales, better earnings to end 20222, but guidance for the quarter is pretty week from what i understand, so -- pretty weak. so that's why it's down 5% or so. it's a tough environment. stuart: i'm really interested in this one. apple has been working on a glucose tracking device that steve jobs was around. is this the pinprick if -- susan: no pricking. stuart: you don't do this. susan: you don't have to prick your fingers, apparently, to track your glucose levels. this is something that apple's been trying to engineer for a long time, and this might be something they could introduce on the apple watch, the wearables, which we know is a huge segment of their -- stuart: 40 cow -- how do they do that? how do they figure what's in the blood? susan: well, there's sensors. on an apple watch you have glucose can, blood oxygen levels that you can detect just by firing lasers -- stuart: really? susan: yes. this was ve

people on "squawk on the street" said what are you still in nvidia for check nvidia out today it's doubledce then. today i constantly think if you want an ai play look no further than nvidia. i renamed my darn dog after it very confused for the dog unless you have meat in your hand people thought this story was all about video games, but it's about innovation and now nvidia's powering one of the most important platforms of all time if you played through the pain last year you now got this enormous gain. that's what you have to do or how about meta platforms the artist formerly known as facebook i was on air about how much it hurt, it hurt my trust, it hurt me but i said there was a path for facebook to go forward and the path was something called discipline well, last night mark zuckerberg followed that path except he called it efficiency he changed his stripes he's not spending like crazy anymore. he's firing people all over the place. we don't want that but it's working. and he's spending time away from the metaverse in reels and instagram, even whatsapp and that's what i wanted after to

i think nvidia super overheated.w that stock trades but outside of that, things seem like they're more grounded. >> you know exactly what the narrative would have been, too, had nvidia laid an egg it would have been like, you see, we told you these stocks like in that were up 60% or so year to date are ridiculous and then this is the start of a potential reversal and, in fact, i mean, you just didn't get it. >> you didn't get it but what you did get is a reminder it's not going to be monolithic i keep saying that nvidia performed they have the right story. they're going to draw the dollars. it's not like you're buying every single tock that we went to the moon like nvidia did back in 2021. >> so consumer discretionary as i mentioned to you is still leading for the year up now better than 11% and leads me, mike, into what is going to happen next week a whole heck of a lot of retail earnings how do you view that given what the space itself has done? >> viewing it as, first of all, we're sensitive to anything that says

. >> sara, thank you very much i'm scott wapner, front and center this hour what nvidia means to the tech trade after beating earnings the stock is surging is it now the must own name in the nasdaq we will debate that and also minutes away from a very special interview today with jpmorgan's ceo jamie dimon. he always makes market headlines. do not want to miss that coming up joining me jim lavin that will, liz young, biland bill the story of the last 15 to 20 minutes stocks taking a turn lower still trying to assess where rate also go, where the ultimate toll on the economy is going to be, whether the consumer is really as strong as it appears and weiss, you are back to bear more bearish. why? >> i am and the backdrop, i was always bearish. >> so you were. >> i saw tradingopportunities and the reason is, is that inflation is stubbornly high you can cherry-pick but if i asked jim what the price of the spritzers are, they're going up. of course, it's peak but the question is, what's the rate of decline to get to the fed target number two, the economic dating is very good, so you're see

a.i., could be huge for nvidia he tried to size the chatgpt, a.i. estimating 100 million queries per day would require 1 to $2 billion in annual sales up to 10 to $20 billion for a billion queries a day. the current number of searches on google per day is about 8.5 billion. only needs a fraction of that for the bull case for nvidia >> wow. >> i mean, it makes sense. >> a lot of chips to drive this bus. >> a lot of computing power. deirdre, at amazon many companies cutting costs but investing in a way to try to make even faster delivery a possibility? >> yeah. so amazon essentially trying to balance the two major themes right now. efficiency and growth. while sales have weakened across its major businesses, e-commerce, cloud, advertising, it's doubling down on same day deliveries and amazon is essentially using its broad logistics network it expanding during the pandemic to compete with retailers like walmart that can lead on its thousands of physical stores to fulfill same day orders and comes at a tricky moment for amazon and ceo andy jassy. shares

people want and buying nvidia?, nvidia's also up this -- in the early trade year. >> so is salesforce. i don't have anything on that. >> what about yesterday, jim, morgan stanley, "we believe we're approaching the bottom of the pc market, which is historically buying opportunity for pc stocks. i know it's not kd huberty anymore. >> you're looking for 17%. we were looking for a 10% decline in the fourth quarter and it turned out to be 17%. at 30%, i don't know how much lower it can go. 30% just basically means that no one's going to buy a pc, other than people who slam the keyboard many times with a phone. >> right but i think that's what david's saying david encut, trough -- >> worst is over i like that david's "worst is over" analysis but i've got better ones to buy, mainly advanced micra, where -- >> gee, that's shocking. you're recommending advanced micro. okay >> i'm -- >> i'm aware i know >> oh, but jim, you liked it at $170 i'm a triple schizophrenic >> i have not done that to you >> not lately. >> no. >> the

but this is a big new concession with nvidia, because nvidia, along with sony, is one oh it have tworeached out to nvidia for more details that's where we're at right now, but a long way to go before this deal is done steve, thank you very much >>> by the way, do not forget to join me on the new "closing bell" today, 3:00 eastern time we'll walk you right up to the coinbase and pao alto earnings, which are key. and an interview with keith meister to get his thoughts on where we are in the market to share with all of you. see you at 3:00. shannon, what do you got >> eaton, global electrical grid needs improvement. >> joe >> copper, up 10% year-to-date >> stephanie >> general mills, they're raising guidance this morning, led by their blue buffalo pet business >> that's a nice gain. josh >> bouncing off of support, i like it right here for nextera >> the dow down by more than 500 points we're watching that. "the exchange" is now. hi, everybody. i'm kelly evans. proceed with caution walmart and home depot getting disappointing outlooks for the year walmart's cfo is warning the consumer i

. >> we like nvidia. we think it will be a good stock. it's priced -- it's the check the box ai company, and rightly so we own it in other of our funds, but for a flagship fund where we've consolidated towards our highest conviction names, part of that has to do with val valuation. nvidia's valuation is very high. >> now when cathie wood takes issue with valuation in a stock that she has and she starts trimming it as a result of that, you stand up and you take notice, don't you? >> yeah, that's like colonel sanders telling you the chicken is too crispy. in fairness, cathie has a portfolio and she has to make decisions on are there better values can only allocate 100% of the pie. i don't know what her thinking is if she's looking at nvidia and saying it's too pricey relative to other opportunities that i like better i'm not in her head so i can't fully understand the situation, but to her point, it's an expensive stock. the problem is it has never been cheap, so we've seen the stock since we've been talkin

nvidia are higher pre-market 88 cents a share beat abestimate nvidia's data center business continues to grow. it was up over 11% year on year. that seeinggment is chips for a and benefit from the adoption of a.i. software. gaming revenue dried up which is down 46% year over year, but beat wall street expectation the a.i. talk juiced the stock up 8%. >>> baidu said the a.i. ernie bots said it will em bed it int the search engine first. reports this week that chinesing regulators have told tech companies not to offer access to chatgpt on platforms >> this is the beginning are we at 1% of what this becomes in five years? l like munger is slow to embrace social media what is a.i. doing is it weird that everybody got to the point at the same time? this quantum leap to where this company can do it. >> there are two issues. some of them could do it previously and just didn't do it because they were not ready for primetime. there are elements that are not ready for primetime. i'm using it. >> oh, my god. in the column? i might like the column better. >> have you used it to write a column >>

and that's all fantastic for nvidia remember, nvidia spent years developing this exact technology, accelerated computing. and now they have a gigantic lead on the competition in what could be a $600 billion brand new market that didn't even exist pretty much a year ago ceo jansen wong, been on the show a bunch of times, compared the breakdown of accelerated computing. you've got to pay attention to what he's saying that's why i told everyone on the conference call. the breakdown he compared to internet going mainstream, rise of the smartphone, rise of the personal computer and nvidia has the kind of dominance with ai intel used to have with the pc they backly are the only game in town they are ai. no wonder management can't mention the demand because it's practically endless. a ton of tech stocks ended up running on nvidia's positive quarter but that is plain laughable. it was like when we saw -- the whole point is nvidia's running circles around the competition no one is near them. what's good for them might not be good for anybody else so where does it leave us? bottom line, we've got a schi

. >> it was lovely, but it's better to be here right now and i think nvidia, i misspoke 83%. better than the s&p. i think it's gone too far. tactical short nvidia >> thanks for watching do "mad money with jim cramer" starts right now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just tierying to mk you money. my job is not just to entertain but educate and teach you. call me at 800-743-cnbc or tweet me @jimcramer. there are too many distortions everywhere we look we don't have good comparisons so we don't know what works and what doesn't when i was writing my speech for this past weekend's cnbc investing club annual meeting, i wanted to compare how companies were doing versus previous years but nothing is working because comparisons just don't fit nothing makes sense. and that's causing tremendous havoc in the market although we g

jonathan: can you clarify, nvidia or in-vidia? tom: nvidia. lisa: sorry about that.ow. he's done a great job of helping us with the layoffs in technology, and they are not at nvidia. the first thing i thought of when i read the article was you, and zuckerberg is going to flatten management at meta. i find that extraordinary. as technology becoming like regular businesses? mandeep: yeah, and a company like nvidia kind of allows every company to use the eye or the next generation of chips. i think what they have done remarkably well is they have gone from one secular trend to another, whether cloud, metaverse or crypto, to generated ai, and that is what shows you the power of semiconductors. we talked about it for the longest time and now it is more about accelerators. i think what meta is trying to do or what other cloud vendors are trying to do is make sure they have computing capacity to stay ahead in terms of the scale and the amount of data they are dealing with. tom: what they are talking about is de-managing managers down to -- i will call it staff, with meta. w

i would say that ai infrastructure involves more than what nvidia has to offer, but nvidia has the highestonent when it comes to the data center infrastructure you need to run those type of workloads. nvidia chips are the core and that is where i think the market is trading for the park see for it -- the proxy for it right now. guy: will the market look for bad news now or treat the stock in that way. thank you for jumping on with us. we she ate it. coming up -- we appreciate it. coming we speak with gene seroka port of los angeles executive director joining us next. the ports are seeing sequential down months we will talk about it and what is coming next. china is obviously a factor here. that is coming up. this is bloomberg. ♪ to keep in the family or passing down the family business or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? kailey: we are an hour into the u.s. trading session and we cannot decide on a direction.

." >> yeah, and quite a f"fast money," given these nvidia numbers. that "fast money" begins right now. ♪ >>> right now on "fast," shares of nvidia jumping in the afterhours, the company reporting results in the last few minutes. we'll get to the headlines and all the details. >>> plus, are we getting more hawk talk from the fed the latest minutes from the central bank showing growing support for a 50 basis point hike will the markets come to terms with the higher for longer mantra >>> apple taking another step to make its wearable technology a must-have. the major step forward it is making and what it could mean for the stock. i'm melissa lee. this is fast"fast money. we start off with the big question for big tech investors. is a.i. all it's cracked up to be after microsoft announced its multibillion dollar investment in chatgpt, maker open a.i. in late january, shares rallied the stock added about $300 billion in market cap, but that rally has blown a fuse as creepy interactions with the bot started surfacing. the stock has given back nearly half o

ten days ago nvidia was at 1006. today at 230 those sort of moves, you can try to make sense of them. i think those moves are idiotic. i don't think they inform you as to what you should do. industrials may give back some today but my belief is over the next two years that is the place to be. >> let me give you the math on it really low double digits, if you go back to the beginning in time there's a 20% return if i can generate a return of even 10% in a compressed period of time and control my risk, i would be foolish not to take advantage of that. with my investment strategy and the people that are involved with me, we're concerned about preserving capital, number one we don't equate volatility with risk i'm happy to tolerate the volatility at the end of the day when you see these multiyear moves happen in a month, how do you not sell in this environment? it's not like you're in a roaring bull market particularly when you have a bearish view of the market you have to ring the cash register >> you might be in a bull

nvidia makes the chips.soft just announced they're going to invest $10 billion in open a.i., you know what chips they're going to be using? nvidia's h-100 processer, stuart. it's two and a half times faster than its predecessor. there's nothing that competes on the market with this, is so i think more and more businesses whether you're financial, health care, education, you're going to work a.i. into your business model. that requires more computing power. you need better chips, and this is where nvidia comes out on top. now, earnings are tomorrow the, this is a stock you want to buy on a pullback. i think we'll see some selling pressure, but this should excite us to jump in at a good level, stuart. stuart: show me big tech and how they're doing as of right now, please. they're all down with the exception of meta, which is up 1%. any artificial intelligence, a.i. opportunities, in any of these big tech stocks other than microsoft which is, they've announced the $10 billion into -- >> that's right. mtv, but d

we are getting nvidia earnings after the bell. it feels like the story for tips broadly is diversification. does nvidia have that part of the qualification nailed down? mandeep: i think they are at company most exposed to capex. i think that is where the demand will continue to be robust. i expect there will be a ingestion phase where you will see some tapering of growth even for the video. jon: of course, we will be watching this later today. mandeep singh from the bloomberg intelligence team joining us. investors are bracing for the upcoming fed minutes coming out at 2:00 p.m. eastern time. for perspective of what has been happening in the markets ahead of that, anastasia amoroso. great to have you with us. it is interesting with the tech group is they had a huge run to start this year. continued talk of interest rate hikes seems to leave us jittery. i know that you have been thinking about whether we will have a deeper conversation of the ability or the markets and the economy's ability to handle rates for longer. anastasia: th

equity markets are rising more so to do with nvidia, really. if truth be told in vedere has said, look, he has helped us have a cracking rerating over the slowdown in sales. and to that end, you are seeing the equity market take flight from that. despite the new narrative from the fed. one could say, which is we're going to step down the scale and pace. so this was about redefining the cadence and recalibrating the size of hikes that will come. so to that end, if you have a look at the bond market, futures are closed. sorry, cash is closed, futures are open. so that's why we've got two year notes. futures year prices rising and falling ever so slightly. is this recalibration or what? are you ready for two more hikes of 25 basis points, three more hikes of 25 basis points. and then are they done? that is the mood in the market. oil travel is a little bit higher. we've been falling for six days in a row, so we break of trend there that despite the dollar rolling down this morning ever so slightly, the words from the fed are that we have an insuff

among them, tesla, apple, amazon, microsoft, nvidia, and netflix. some etfs lighting up the options. the qqq, ark, emerging markets and spy. carter, between the vix and s&p, which do you think is at a more important technical level? >> i suppose the vix, if i had to pick. what we know is that vol -- as measured by the vix, any way -- in the past ten years had its low at 2017 and has been trending higher ever since you can see it on the screen here we're down now to a level where it has rebounded quite consistently over the past five years. i think you get a rebound here do you get a sell-off in the s&p? that's the presumption. >> michael, what's your take just refresh people's memories of this conversation we had, because i think it's an important one. there are a lot of heads being scratched out there in the investment community as to why volatility seems to -- i don't want the say depressed, but tame. >> what's interesting is carter was just talking about that low in volatility you saw in 2017. there was an interesting dynamic going on at the time

you also like nvidia. why is that?if there was one growth stock i could own for the 10 years without selling it and just sit there and hold it -- lauren: 10 years, hold it. >> -- i said nvidia. they make the chips for all the highest growth markets out there. a.i., autonomous driving, data centers, gaming. they no longer have that crypto hangover that plagued them last year, so -- if there was one stock i could own for 10 years, that would be it. lauren: up barely today, 206.96 a share. ashley, you have business headlines. start with microsoft. ashley: stu's favorite, lauren. yeah. they just announced they are bringing a bing a.i. chat pot to phones -- chat bot to phones. microsoft also announcing a new voice chat feature so hat the app can function like a robotic virtual assistant. ing dogget is investing 100 million in supply chain hubs to speed up their delivery. they report holiday earnings next week, that should be interesting, up slightly today. and this is interesting, subway is planning on building ev charging

he talked about the deals with nvidia and nintendo. what did we learn about those deals? if you remember, the nvidia deal was announced on the eve of microsoft trying to meet with the ftc. it did not work. the deal is officially signed now, and another deal announced was to give a bunch of games to nvidia's geforce cloud gaming service, which was another one of the concerns that regulators raised, whether this would allow microsoft to dominate gaming subscriptions and cloud gaming. smith's point was those deals give you an indication of what microsoft is thinking around behavioral guardrails. he took aim again at sony, rather theatrically pulling out what was the exact contract that microsoft offered sony to give it 10 years access to "call of duty," which sony hasn't been willing to sign. caroline: all of this ad course -- of course, they are sudden sounds of optimism from brad smith, but it feels like the redline is in place. they will not be buying this unless they can have "call of duty"? dina: that is what smith said. they do not believe it is feasible or logical for

nvidia is the way to play it and once named my late dog nv nvidia anybody can claim the a.i. pant l but other than nvidia, microsoft and google, i'm skeptical of everyone else what matters is you understand the difference between hype and hope versus cold hard reality. i like industrials about reality. i'm skeptical of stocks that rallied because they're firing people and cutting expenses. that's not what i'm looking for. sure, there is one rare case, meta plalt fortforms where they announce huge cost cuts because they deliver a magnificent quarter because meta is now behaving more like the industrials. meta is enough to become a value stock 14 times earnings and instagram reignited, it's a nice growth story plus mark zuckerberg announced a massive buy back if any other tech company wants to give you a buy back, i might give you my seal of approval, too. bottom line, i want you to have a real earnings cushion move and real buybacks and dividends and i can't feel comfortable recommending anything without them you can't cut your way to better sales for heaven sake if you tried.

gpu that's a great example on how nvidia has been an outperformer.y've had strong growth and we did not see that coming down anytime soon we expect them to continue to outperform the market for the long-term future >> all right, and intel by the way, what would you do with it >> i would say it's a hold just because, you know, again, we think growth will continue to outperform the market this year. so that's why it's a hold, but due to the recent announcements we have, we wouldn't buy more. just hold what we have. >> sure, yeah, stock worse than the dow, again today, down almost 4%. thanks, good to sea e you. >>> a smartphone, smart move, china retailers ttcuing iphone prices to spur demand. we'll talk about that and more as we wrap up "power lunch." causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. at stores