nvidia has been showin: right now. nvidia has been showing great _ right now.vidia has been showing great strength - right now. nvidia has been showing great strength as| right now. nvidia has been l showing great strength as ai has gathered strength and it shows no slowing down? it doesn't stop but companies like 0penai are losing hundreds of dollars are how to monetise ai will creep into the narrative. if the hype scale companies cannot make it that would be the next challenge. we cannot make it that would be the next challenge.— the next challenge. we know that the chip _ the next challenge. we know that the chip industry - the next challenge. we know that the chip industry is - the next challenge. we know that the chip industry is a - that the chip industry is a bone of contention between the us and china. how might nvidia get caught up? us and china. how might nvidia get caught up?— get caught up? interestingly, last month — get caught up? interestingly, last month nvidia, _ get caught up? interestingly, last month nvidia, the - last month nvidia, the gove

nvidia losing its premarket gains. we had touched a record high and then we see the boys day since september. why? we got a whole raft of services -- of products, from pcs and gaming, but is it the here and now? the black l program that we don't get enough detail on? let's head out to las vegas. a big story is nvidia and the ceo unveiling these products. we have none other than a key focus on the gamer, the original customer from jen-hsun huang. have a listen. jen-hsun: we used a geforce to enable artificial intelligence, and now artificial intelligence is utilizing geforce. everyone, today we are announcing our next generation. the rtx blackwell family. caroline: let's go to our gamer in residence, ed ludlow, on the ground at ces. they were going back to the roots. but the stock doesn't like it. ed: yeah, i mean we have become so accustomed to the nvidia story of being dominant in the market for high-performance gpu's that go into data centers and train ai models, foundation models, that it is a going back to its root

for nvidia?nk you for having me today. certainly exciting. different day when you wake up because you never know what the day would be. i was told my job is to tie to put the puzzle pieces together and you think you do your job and you have a great thesis or story and earnings and then you come in and there is a new piece that you haven't put together or they're all mixed around. and so there's never an end to our job. we're focused on fundamentals long term horizon. and so i've ban shareholder since 2016 nvidia. so these are the timelines we try to invest our portfolios for clients. we had a period where the shares were performing exceptionally and there's periods where they will underperform. so particularly on this news today, i think the question has been what the growth trajectory of the company will be in the future. that has been the question on every call in the last several quarters since there was real breakout in early 2023. something that people have never really seen before. and no o

nvidia down 11.3%.strating performance similar to the world's top chatbot without the high price tag. challenging the notion that china's ai tech is behind the u.s. at&t meeting fourth-quarter earnings expectations. only up about 1% thanks to an increased mobile customer and fiber-based internet subscribers. seasonal promotions and bundle products drove the results. revenue jumped 1% year-over-year. the communications giant confirmed 82,000 new subscribers. elsewhere, israel and lebanon agreed to extend their cease-fire through february 18 to give israeli troops more time to withdraw. the deal between israel and hamas holds after a dispute with hostages was resolved. the release of more hostages are set to begin. that is your brief. jonathan: thanks for this morning. more in about 30 minutes time. up next, henrietta treyz breaking down these big moves and what it could mean, that conversation just around the corner, from new york city, this is bloomberg. ♪ jonathan: equity futures down across the board

trucking nvidia's losses. the gainer, and the big boost to the region's stock benchmark is samsung electronics, despite a profit miss. things are looking on the upside for men the south korean chipmaker thanks to jensen huang, that vote of confidence as you say, expressing confidence that he samsung company might be able to iron out its technical kinks as far as its high end memory chips are concerned. it has been struggling to get nvidia certification for its most recent products. it has been splashing out a lot of money in research and development just to catch up with its much smaller rivals such as sk hynix and micron. i wanted to put things into further perspective, as far as samsung's stock is concerned because despite the profit miss we are also seeing it narrowing really. some analysts have pointed out an element of how these factors that are driving the stock are already out there. we know how there is weak china demand. there is struggle within its mobile division. the management reshuffle. it's disa

have been built with nvidia chips.ht not feel like good consolation today, but i think that is the narrative over the next few weeks. what are these companies say about how they're continuing to invest and deploy large infrastructure to build these cutting edge models that will be better than deep tech over time, i believe. >> i mean, as we've already discussed on this program, the narrative around open source versus not seems to be where the action is and where this story is ultimately potentially going. you look at meta today, for example, which is up 1%, the only of the hyperscalers. i don't really include apple. it's just a different kind of ai story, but all of the others are lower and maybe for good reason. do you think about those who are going to be at the top of the heap as it relates to open source versus all of the others, and how that narrative and how those goalposts might be changing today? >> yes and no. and i'll give you kind of the bull and bear component of that. i mean, meta is a holding for us in ou

when a stock let's let's take let's take nvidia okay. so nvidia became about 7% of the fund. it's just way too big. we became the nvidia fund. so we cut it back to say around a little bit a little bit north of 5%. then there'll be other situations that go up so fast. and here i'm thinking about something like best buy, where it went up so fast that it didn't reflect the current fundamentals. so we trimmed some. and then there's just situations where we have such big gains that i feel like bulls make money, bears make money, and pigs get slaughtered and we take some off there, but we never take off more than around 25%. if we like the situation, if we think the situation has played out, we just get rid of it. now let's go to antonio who asks. hi jim and team. given their stable dividend income and their lower interest rates, what would you think about adding reits such as realty income or vg properties? i have been toying with the idea of owning realty income because they play monthly checks. i think it's a really, really odituati, but i don't like the last few things that the

this as nvidia hits session lows.inds us technology remains at the heart of pretensions between the u.s. and china with disputes and for more on that we are joined by teresa payton, the ceo and former white house chief information officer during the george w. bush administration. thank you for joining us. obviously this is going to cause a significant impact in washington. how do you expect policymakers there who have taken a hawkish approach towards china will respond. >> this tech route and massive market selloff is a wake-up call. it is for me and it underscores the urgent need for robust policies. we have got to safeguard the united states leadership in ai. i certainly do not want china setting the gold standard for the rest of the world for privacy safety security resilience and ethics around ai. i believe this is why you saw some of the technology advisors, elon musk included and president trump last week speaking very boldly about ai and the united states leadership position that is necessary. we did not even h

well, that was also nvidia. i mean, it looks like it has a habit of getting clobbered, but then there's also a habit of people come in and buy the dip. well, it happened again. if there are more revelations about deep sea doing much more with less, fewer nvidia chips, more compute than nvidia stock is unfortunately not done going down, though i will say the pen action off this chinese outfit did more than just knock over nvidia. stocks like uber nova, the builder of so many power plants that are needed for these big data centers, get just get hammered, falling nearly 22%. we saw a huge collapse in the merchant utilities, the ones with clean nuclear power like vistra energy constellation, which dropped 28% 21%, respectively. so by opportunity selling opportunity. how about a do nothing opportunity? because i just don't know. as always, i told investor club open hand right. what i'd be doing with the travel trust, but i didn't really have all that much to say because nvidia didn't have much to say. now, nvidia in

that's more chips for nvidia. that's that's our view of the. >> but here's the one of the issues being brought up today specifically, and the reason why some of these stocks, chip stocks specifically are moving the way they are. server companies, data center type companies is how much money do you actually need to spend? and by the way, if do you need blackwell right to be able to do this, could amd have a product out there that could do something better? could other chip companies in china could huawei is this going to be a commoditization story where this is about finding the least common denominator, having a model that's good enough to do some kind of a job and doing it for a 10th of the cost of what's being anticipated right now. >> and to. >> that point. >> look, i'm playing in the super bowl next to saquon, the same chance that they spend 6 million. so the point is like it's my view that like this is much. bigger than i think they're talking in terms of ultimately the hardware and actually the build out i c

nvidia revealed its first a.i. laptop launching in march, fully equipped with its blackwell chips starting at $1,299. by the way, that's about the exact amount that a mac if costs. at least at the same 15-inch size. that that -- they go up to about $3,000. he also announced cosmos, which will be the foundation for many new ways nvidia's building out physical if a.i. with cars, physical adoption of a.i. in our world, robotics, manufacturing, autonomous if technology and so much more. nvidia has also teamed up with aurora innovations. this is a good message about sort of the halo effect of what happens. now, nvidia may be down, but aurora innovation is way up, 30.6%, off the highs of the session, actually, because it's a got a partnership with nvidia that was announced. and then another also getting a boost, gaining 12.333%. the company is collaborating with nvidia on a.i.-embedded autonomous if driving applications. all tease innovations -- these innovations could not happen without nvidia's industry-leading a. a i.

nvidia rise to samsung's rescue. plus, we sit down to sit down the future of autonomous driving in the u.s. -- to discuss the future of autonomous driving in the u.s.. first, we check in on the key movers on the nasdaq and technology spectrum. nvidia currently holding gains of .2%. we have had losses across the chip spectrum, but also we see a bounce back yesterday after the selloff we saw in nvidia. will be see more optimism? meanwhile, impact on all the names that have rallied so hard in 2024, off to a bad start in 2025. it is going to take 50 to 30 years before we get significantly useful quantum computing outcomes. on the upside, jensen to the rescue of samsung, up 3.4% even though the numbers of the last quarter were dismal, but it looks as though the high band with memory chips are so important to integrate into ai accelerators they are coming at a pace. give us the nuance because samsung has lagged behind smaller competitors when it comes to high band with memory but some optimism here. >> samsung reported pre

this was a rough day yesterday for nvidia. it bore the brunt of the deepseek shock across the markets, yet their statement was curious. tell us your interpretation. >> they could have said nothing. they could have ignored it. they could have said it is dodgy technology that we do not believe in, but they endorsed it and the underpinning message we saw was maybe they are telling the u.s. government export controls have not worked. we should be able to ship whatever kind of chips we want to china because they will do good stuff with whatever they can get hold of. caroline: let's go to the narrative on ship exports not working. we heard from president trump about what the impact could be. >> we are going to be placing tariffs on foreign production of computer chips and pharmaceuticals to return production of these essential goods to the united states of america. they left us and went to taiwan, where -- which is about 90% of the chip business, and we want them to come back. caroline: a lot of nvidia trips are manufactured in taiw

nvidia fell hard this morning. deep seek doesn't appear to be a whole lot different from any other ai you may have used. the company says it's fending off fending off a cyber attack this morning, reducing the number of people can access the service. but it's still number one in the app store back in the fall of 2022 and 2023, washington started restricting foreign access to advanced american chips with the goal of preventing this. the chinese jumping ahead like they may have done with deep sea. president trump's undone a lot of president biden's orders, including removing some of biden's guardrails for the development of ai. but mr. trump has not undone biden's restrictions on the distribution of powerful american chips. now the nasdaq index is down this morning. the nasdaq gives different stocks different weights by their overall value. so their market cap nvidia by the way, one of the nation's most powerful companies has an oversize effect on the nasdaq. i said earlier that nvidia would weigh down the dow 30 indu

the main event yesterday, nvidia. nvidia getting hammered yesterday, down by 17%. a record 593 billion dollars taken off of the market cap. this is your very small bounce in comparison to the big selloff. up 5% in the premarket. lisa: there are real questions about if we have overplayed how much investment in chips is necessary to generate some of the large language models people are talking about that could be transformative. it is interesting that this is a reversal of everything we've seen over the past six months. big tech sold off, nvidia, the former leader was the big selloff. everything else did ok. the s&p equal weight was pretty much flat. jon: slightly positive. kind of bizarre that the rest of the equity market was ok, had a decent day. what yesterday gave us was a decent read on the scale of how much is in the price, not just the tech players but elsewhere. nat gas producers, down 10%. pipeline operators, down by 9%. utility companies, constellation energy, was down by more than 20% in yesterday's session. lisa: it highlights how everyone jumped on the

nvidia shares with jensen huang speaking at ces. announcing nvidia's mini desk stop.vidia sparking a rally. chip nation mes moving higher. similar for intel and broadcom and micron here. we will talk more about the chips and what nvidia's ceo had to say with sara kunst in a moment. the bond market is holding steady. jolts later today and the monthly jobs report on friday. take a look at the benchmark. 6.2. it is 20 basis points higher than the hawkish cut in december. we want to look at the energy market. specifically oil. wti and brent breaking a winning streak. we start off with oil. oil moving in the opposite direction right now. just fractional moves. important to note wti is above 70 bucks. here on natural gas is a more than 4% pullback. over the last month, natural gas rising double digits. we look at bitcoin rising above $100,000. bitcoin trades around the clock. pulling back .50%. over the last week, bitcoin up 8.5%. >>> that is the set up. we turn back to the big money mover. nvidia. shares are higher in the pre-market after a more than 3% gain yesterday. the

nvidia was the busiest single stock. option today, net of that huge decline. >> first of all, it. >> was always. >> going to. >> be one of the top three on any given day. >> but today's big move prompted. >> a lot more flow into it. what was interesting is that call still did manage to outpace puts. and actually, rather than reaching out and grabbing the falling knife, which is, you know, how we refer to that sometimes and waiting for the dust to settle, as carter was just saying, you know, where people. >> are making. >> their bullish bets was. >> in short. >> dated upside calls. so, for example, the most active contract with a weekly 130 strike calls, buyers were paying about a buck 80, a little bit more than that. almost a couple hundred thousand of those things were trading. and so that was a way for people to risk, you know, a little over 1%. >> of the. >> stock price betting on a rebound. i don't know that that's all that likely, because i think the dust probably will settle for a few more days. but i think this. i

chip supplier like nvidia even though i own nvidia but that was a tale once i bought nvidia it wouldelloff and here we are totally disrupted model i think it's a positive thing long-term you're flipping the model we're going to do it more cost-effectively, don't think nvidia microsoft, google are going to roll over now a chinese upstart that is upstage them, they will double down and use the model to move forward. stuart: we have some questions if they use the cheap chinese model doing need the gigantic data centers? >> we don't necessarily but we will use them anyway, basically what you said take everything with nvidia chip and now you can do more with it with less power. >> look at them they bill and design huge data centers underground 17. >> this is a tech reset everyone will go back and ironically enough happening on the week that post big tech companies are reporting earnings they better be prepared how to answer how we respond to the kiss competitive how does your business model change how you adapt, this is the beauty of human ingenuity the most valuable asset, china you cann

being pushed higher by nvidia. we are at a new record high on nvidia at the moment.ubotv, an extraordinary move for this company as we again see 2025 kickoff and m&a frenzy and consolidation in media. this is about. how you will be consuming sports. live tv online. we are getting the second-biggest player when you combine disney and fubo, really only second to youtubetv. we will delve into that later. microsoft interesting. they will be spending $80 billion in ai data centers. many saying this is why we have tech rallying more broadly. nvidia at a new record high up 5% rate we are expecting a keynote at 6:30 pacific, 9:30 eastern. let's get out to ian king for more. what do we expect? >> we do not know yet. there will be briefings and he will hit the stage later today. we have seen some leagues of a new -- we have seen some leaks of a new p.c. market. it used to be their pride and joy. now it is a minor thing. we reported a long time ago that this would be the year they would directly get into the p.c. market, into the cpu market. caroline: not the only one. qualcomm

nvidia off 9% from it's all-time high more on that in a moment you see the downside moves from nvidiayou see the moves on the week-to-date chart right now, down 1% week-to-date down more than 4% >>> let's turn back to the markets on the sector basis. 8 of 11 were positive. healthcare was up .50% healthcare is a defensive sector we will have more about the sector coming up in the show we have seen tech under continued pressure communication services was the laggard falling ..75%. now we want to check the bond market yields a major reason for pressure on equities ten-year hitting the highest level since april. the 30-year with the highest level since 2023 the yields have pulled back just a bit. the ten-year at 4.67 yesterday, got close to 5 %. we want to look at bitcoin yield pressures continue to hit cryptocurrency bitcoin back below $95,000 town 1%. bitcoin trades around the clock. week-to-date, bitcoin down 5%. >>> we turn to a developing story and a tentative deal for a strike to avoid a strike full details are not released until the ila can have a full vote on the deal until them,

microsoft is a 19% customer of nvidia. we also know that microsoft is working with the likes of broadcom to do us can tonsil con. -- to do custom sill cob. i think people are getting sick of the pricing power. and then i go to today, there's a story out that, you know, i think it was information, they're going to spend $80 billion on infrastructure buildout. that's not all chips, that's a whole host of other things, okay? so, let's see what that does. and the wisconsin data center they're building out, they have stopped the second phase of the buildout. why? they said the recent changes in technology have caused them to kind of reassess the design of the facility. so, i guess if you start to see some push-outs in the builds of these data centers, if you start to see a slowdown in capex, which we're not going to get until the end of this month, i think there's a lot of moving parts, but microsoft is a great barometer. >> i have a question. microsoft saying they're not chip constrained anymore, why is that concerning -- >> b

how might nvidia get caught up?nterestingly, last month nvidia, the government opened a monopoly enquiry into them. greater china is about 12% of their revenue so it is significant and also interestingly today, the us government named tencent and catl as going on to restricted list because of alleged ties with the china military. we will see more tit—for—tat and it is farfrom over. and what is exciting for you at ces this year? everything is exciting but for me, really, this concept of making every pc, every smart phone into an ai pc and ai smart phone, and also going into the cars. ai in every device we own is what has got me really excited this year at ces. the us defense department has added chinese tech giant tencent and battery maker catl to its list of companies that are allegedly affiliated with china's military. the bbc has heard from the chinese embassy in washington, who called the list an unreasonable suppression of chinese companies. tencent is a key player in china's technology sector, operating the wec

nvidia. i know, you are shocked. the top list, top picks list more than three times. let's go three names here to help us trade all of them, area walled, managing director and head of analysis at oppenheimer arey. thank you for joining us. nvidia no shocker. what's the deal with 2025? >> good to see you on the show, brian. happy new year. for nvidia it comes down to trying to follow 101, the stock that's been trading above its 280 moving average not only since the start of last year but the start of 2023 as well. and nothing has really changed in our work through that. we are advocates for letting winners run. i think as much as nvidia has been established as -- that's the 200 day average, positive above there. more recently has been consolidating around its june high at 141. >> all right, let's move from one extreme to the other. one of the worst performers was bowing but it appeared on several top lists despite the fact that it posted its worst year since 2020 it was down. what you do with them now? >> kelly, happy

evened today nvidia still seems to forge forward. i think we're, look, you know dan ives, one of the masters in the tech sector, talks about we're in the second inning of an industrial revolution that is going to be going on for the next 5-10 years. it is going to be extraordinary. there's secondary and tertiary sort of disciples of nvidia that are going to benefit from all that's happening in, you know? this is not one-sided. nvidia is best of breed. obviously, yen seven is the top of the line there -- jensen. the stock is extraordinary, the way the stock acts. every time we've seen it pall pull back at all is when the baby's been thrown out with the bath water or in a couple of isolated situations like recently with the story about china and the monopoly thing. but each time nvidia has had that kind of a pullback, it's been rebuffed by an even stronger rally. the sock is extraordinary. i don't think i've seen a stock like that, you know, in decades. liz: you know, i'll tell you what's extraordinary, my friend, you on new year's eve

nvidia is up by 6%. marvell is up by almost 3%. yesterday was an awful day, nvidia and tumbled 17%, biggest drop since march 2022, erasing nearly $600 billion in market cap. of course that was triggered by concerns over the chinese startup deepseek. people are really questioning, did we need to spend that much to get to the sky high valuations? a bunch of companies last week increasing their cap backs. it is still a question for all of us but for now it is a day of respite. jetblue shares are also in the red, down 26%. the company projecting higher costs for the year, higher than wall street expected. unit cost will rise as much as 7% excluding fuel. the outlook is really a setback to their plans to turn things around. the company is working to cut non-fuel unit costs. that is an important gauge of efficiency, something that we will closely look at. lastly, general motors. shares are plunging 10%. the company posted a better-than-expected profit outlook but is a concern around terror threats and that weighed on stocks. the forecast

stuart: should you buy nvidia now? was doing, nothings has changed meaningfully. i think we've found great efficiency that can be added to the hardware infrastructure. i still think that these efficiencies are going to be sought with other chip makers, the broadcoms, marvells, what their doing with the hyperscalers. but i still think when it comes to physical a.i., the future of self and autonomous driving, drug discovery, some of these advanced things that go far beyond language, nvidia has the biggest moat in software, and i think they will continue to be at the leading edge. stuart: so keep buying nvidia, keep building data centers, keep building power structures to feed the electricity to a.i., keep on doing what we're doing, is that your message? >> i want to see the u.s. make sure that we are the leaders in a.i. it is important. the economic future is going to be won on this particular front. if china wants to slow us down while it figures out how the handle the lack of access to chips -- which they have enough c

super computer from nvidia. like you to draw comparison here between what we heard from nvidia and what other players are already trying to do in this space. >> i think the nvidia have gained such a foot hold in the marketplace, it is challenging for the others to catch up. they are all working as hard as they can. bear in mind, nvidia has the capacity with tsmc with the chips you need to build. no question they are building on the momentum already and pushing into new areas. creating the desktop computer they talked about which is helping to get more accessibility to the nvidia platform itself is another way of locking people into what they're doing. i think they remain very strong. automotive, they talked about new partnerships there. toyota, for example, is using the orange chips for the development of their next automotive platforms. that's very, very important as well. >> before we let you go, i would like to understand what is the level of innovation we have seen so far from ces because investors want to k

and if nvidia is able to certify samsung high band width memory.e know samsung makes everything from smart phones and fridges through at advanced memory chips. actually, when you look at the profit, the profitability of the company, the bulk of that comes from the chip division, and that is the sales of memory chips. if that is falling and that is under pressure, that is putting samsung's broader financial performance under pressure as well. >> i want to understand whether there's a common thread here. the indexes were showing how some premarket moves for companies that basically have deals with nvidia, were moving high. i think at one point, up by more than 50%. at the same time, we also saw quantum stocks down yesterday, so, how important is comments from jen son for the whole tech sector at this stage? is this the driver for whatever other companies do going forward? >> the market is really hanging on almost to every word that he says. every time there's a schedule for him to speak, the markets on edge, what is he going to say? i think, you know

nvidia is about 16.uest believes tech's problems are somewhat isolated, for now at least, he says today is an important reminder that innovation can wear away quickly. joining me now is jason trennert, ceo of strategist. jason, it is great to see you today. i mean, you can start there. you can. where where does your mind go on a day like this? >> well, listen. >> i think. >> i start. with first. >> principles, right? >> and the first principles are. >> you know, what is the health of the economy? >> and when i look at. >> the things that we look at in that. >> regard. >> whether it's credit spreads which. >> are very. >> tight, whether it's the ten year. treasury yield, which seems. >> to be stable. >> whether it's earnings expectations, which. look to be up something in the. order of 12 to 13% for the. >> first quarter. >> and 14% for this year, it seems to me that i still want to be constructive on on the overall market. you know, what we don't know, of course, is how how big a threat deep seek is to t

pretty firm on nvidia. >> i have yes.ave to tell you that i thought that these things when i first saw this, i'm not saying i was in a panic, but i just said, look, this is this could be a lot of people are going to say, this is the end of mag seven, end of nasdaq. but people are discerning winners and losers. and we have to hear from jensen. we haven't yet. jensen huang but frankly, i thought it would be worse. yes, it is early in the day, but i thought it'd be worse. >> right. meantime, we'll see what surprises you have for us tonight. >> i always like to surprise people. i like to surprise david because a lot of times, david, david's fully financed and he can do whatever he wants. >> he fully financed. you're fully looking forward to the big mad money show tonight. >> fully financed. david, that's a great looking outfit. >> and congratulations on your birds. >> that was. >> that was an amazing, amazing game. >> you had. >> so much to do with it. so really congrats. >> my wife says i said we did great. she goes we i nev

could this kill demand ultimately for nvidia's products? >> nothing like a loaded question to start this little section off, thanks for that. is this a valuation correction or does this have more fundamental impact on the outlook for these businesses, nvidia included? i suppose on the latter part, you have heard nvidia's response, and things could go two ways. because with the emergence of lower-cost models from deepseek and the like, it could seed the market. on a positive scenario maybe that helps stimulate demand in the market and could be a positive thing. i'm not one to sit on the fence normally but the debate on that side remains uncertain because this is a very fast-moving story. equally, there is a negative potential implication where things go the other way. we would generally have to wait and see on that. in terms of valuation, we know these stocks have been priced to perfection, very high expectations have made them vulnerable to negative news like this. within the last four hours, we said this was a real wake-up call not just fo

nice work if you can get it being part of that nvidia halo.n wong said the series uses micron memory, uber, as well, on the announcement of that partnership. we'll get to some of the other stories including ulta and this guidance and ceo transition. opening bell in 4.5 minutes. don't forget you can catch us any time, anywhere, listen to and follow thesqwkn e re" ening bell podcast. ruri: ichi, ni, san, shi... (1,2,3,4 . . ) ruri: ichi, ni, san, shi... (1,2,3,4 . . ) hina: ichi, ni, san, shi... (1,2,3,4 . . ) akari: ichi, ni, san, shi... (1,2,3,4 . . ) others: ichi, ni, san, shi... (1,2,3,4 . . ) others: ichi, ni, san, shi... (1,2,3,4 . . ) (♪♪) (♪♪) you were made to chase your passions. we were made to put them in a package. >>> all right. minute and a half before the opening bell for this tuesday. ultimate it's -- ulta's got the new ceo. >> and she was coo. mr. kimble did a good job in an area -- i want to point this out, this area has been under fire because medics area has been terrible, look at estee lauder, one of the worst stocks i've se

it shows the importance of nvidia because five years ago, nvidia wasn't on the stage.portant for the industry as well. if we start to see nvidia not performing as expected over the next four quarters, people will start asking questions where is a.i. going. >> i want to talk a little bit more about the products we could see at ces later today. i was reading about, you know, how smart tvs are one of the features and the idea there is also to incorporate a.i. into more a.i. into our tvs. what i would like to understand as a consumer, what is the benefit of potentially having a chatbot in my smart tv? >> it depends on the consumer. it's difficult to make that case sometimes. >> are we just going to pay more for tvs because there is more technology and a.i. in it? >> think of it as a super alexa. i think right now, if you have a small tv and chatbot, you go, i want to watch that program or that program. with a small tv, knowing what you have a program in terms of content, you can say i want to see a program about this or this with this actor or director. it can help out. it

weakness with nvidia. you highlighted that.ral, this whole trade dominate anning ing the market. do you believe that might change with the leadership and flows as we go into the new year? >> it's possible, but it just hasn't been a winning strategy over the last 12-to-18 months when big tech bottomed in october of 2022. fundamentals are robust. the concerns in my conversations is if this momentum can continue and the strength over the last year plus and rates continue to rise. in terms of big tech, you have best in class margins and best in class management teams and they are dominant in their an reasons and there is no sign or evidence that tech earnings will disappoint. their capital return programs remain constructive as well. positioning is a lot more balanced than a year ago as well. there are global investors underweight in tech versus the past five years. i think that's been a big part of the return of the semis a.i. trade. positioning got a little bit lighter than we're used to and you have the furious rotation and you

nvidia ceo jensen huang speaking as we speak at ces.'s send it to kristina partsinevelos now for more of what he is saying today. >> yeah, stacey raskin asked specifically about shipments for blackwell, as well as hopper, the previous iteration of gpus. stacey wanted to know if near-term guidance was going to change. jensen huang said, quote, we're not changing our guidance, i thought we did a pretty good job describing it. the ceo you can see on the left-hand side of the screen, she also said that both blackwell and hopper are shipping this actual quarter, which ends at the end of january. the total of both categories is growing and she said, quote, they're shipping several billions of dollars, but she wouldn't provide an actual number. and she also said, we'll probably do a little bit more. so that question was in regards to guidance and how much they're going to ship in this current quarter, because they said they were shipping more than they previously anticipated on the last earnings call in november. and then he did get asked a qu

like nvidia. i know its capabilities.ht's speech dazzling. last night, he took a leap to go deeper with physical ai, including making robots and taking it to the next level. everything that moves from cars and trucks to factories and warehouses will be robotic and embodied by ai. that sounds like the economy where we have digital agents that can do all sorts of things for us. it's nvidia. the world will never be the same. i think it's happening sooner than expected. that was the takeaway. he talked about the relevant ai pc, omething considered a bust. he mentioned mentioned for health care and gaming. there are new clients, like toyota that may want to build a network using a supercomputer in one place. if toyota decides to build out, it will have to buy hundreds of thousands of nvidia chips. that's good for business. there are always people, plenty of people who own nvidia for the long term. they should be gratified. but there's a huge group of people who own it because it goes up. the stock went nuts going into and imme

arm holdings, nvidia, marvell technology and palantir rounding out the top five.ssell, they outperformed yesterday taking a look, fractionally lower, essentially flat. we saw them fractionally higher a short time ago. when we look at yesterday we also saw a broadening of the market, again, small caps outperforming, also industrials the leading sector and transports gaining nearly 1.5%. both of them gaining, industrials up 2%. really getting a boost from president trump saying the u.s. will become a manufacturing nation. we also want to look at bonds, yields eased a few basis points as investors digest the proposed policies of the new administration. tariff and immigration proposals are both seen as potentially inflationary, still haven't seen a reaction in the bond market. the benchmark 4.57%. we also want to look at energy. oil prices having some movement here in the premarket today. we're seeing oil higher right now, was lower earlier, right now wti crude up over half a percent trading at about 76.24 a barrel. the president also issuing a national energy emergen

those are going to have nvidia chips. he's going to be a winner.ut the jp morgan event, particularly that blackwell and ai accelerators are here to stay for the next decade. this is longtail vision when you think about autonomous driving, about robotics. that is why the analyst are calling out this is long-term gains. where is the near-term wins? it has 70 buys and zero cells. scarlet: it has done well for shareholders. if you want specifics, go to what the cfo was saying. caroline hyde, "bloomberg technology" cohost on the latest with nvidia. coming up, dockworkers and east coast port employers are back in the negotiating table today. if the deal cannot be reached, the strike -- the east coast could see another strike taking place. we will look at the potential fallout next. this is bloomberg. ♪ scarlet: talks resuming between the dockworkers union and their employers at major east coast and gulf coast ports. there is one major sticking point that remains. automation. if a deal cannot be reached, other industries would be affected, including retai

nvidia for the dow's part is losing a lot of blood it's down 17 and a quarter% at the moment to $118, due to an unknown right now let's call it what it is it is an unknown unconfirmed. investors are cutting and running on the belief that since the u.s. government restricted exports like invidious, deepseek must of been developed without invidious price so my conductors. there is no confirmation of which chips they used but if true investors are selling off because they worry about demand falling off, the blast zone from deep-sea because a wide area but at this hour that smacked the nasdaq the hardest, because it's chock-full of a.i. related stocks including a.i. dennis seiter data center constellation which is getting smacked down 21%, broad, marbella, to chipmakers, as mci which is the a.i. data center company that helps with a lot of the hardware that is down about 13% and then micron also lower by a big ch chunk, because constellation along with the stratton ge for nova provide power and cooling to data centers they are getting hit by the wrecking ball, is a selloff overdone or hav

like nvidia a whole crew, the black nvidia network and they'll show up like squad and pour their hearts to students and to folks and let now what it is that we do, right. so it's really about now helping people understand that if a door opens, just pay attention a little bit. you know, there may be some good stuff on the other side. >> simone, i want to talk a little bit about regulation and that's probably one of the most important conversations that we need to have considering, you know, our audience here. whether it's state or federal, codifying regulations is a slow process. what's wrong with you y'all? [laughter] >> except at the state level. >> say again? >> except at the state level can be quite quick. >> in maryland it's called sine die, and it's crazy, the last few sessions. and ai is fast and getting faster, what do lawmakers know in order to keep up? >> okay. where to start. so i spent a lot of time with the state, state regulators, legislators. i previously before meta was a -- never had experience with the approach of state regulation and i've probably had some of my most r

nvidia up almost 2%.e'll talk more about this stock in the comments, autodesk, rounding out the top five. >> rising after yesterday's hotter than expected services read, and indications that companies are preparing for tariffs. you see the tail end of this chart. right now, the benchmark sitting at .67. highest level since back in april. also, the 30 year, the long bond hitting a high that we haven't seen in just about one year. at the same time, a steepening of the yield curve. would be a positive for the market overall, in particular, financials. a positive for the market overall. right now at 38, 39 basis points. yesterday, we did see financials trade higher for most of the day, but they did close lower. we also want to look at bitcoin. that fell on yield pressure. yesterday, hit the 100,000 mark. right now, trading at 95,000, just under 800. falling back over a half a percent. week to date, bitcoin down more than 2.5%. we want to turn our attention back to the sectors and to equities. tech, fell more

nvidia selling off 3% more.out what also could be a key headwind in terms of selling their devices worldwide? >> this would be a headwind and would come up other restrictions on ai chip sales in china nvidia is already facing from the u.s.. those were imposed about a year and a half ago by the biden administration. this new set of proposed restrictions that could come in the next few days, this would add a velvet rope to the world where the u.s. would be controlling access to these chips. it would be capped coming your access would be capped on company in .3 basis and the closest u.s. allies, europe, u.k., japan and australia would have the easiest access. most of the rest of the world would face tougher restrictions and meet security requirements and also human rights requirements. there are handful of u.s. adversaries, namely china and russia that would face the most restrictions in the least likelihood of having access to the sophisticated ai technology coming from the u.s. and principally from nvidia. caroli

call nvidia oracle. but for the most part, the energy, the flurry, the changing of the guard will simply lead to less regulation. and guess what? when you have less regulation, you don't buy any of these stocks. you buy the banks. that's what i told members of the cnbc investing club at my noon club meeting. that's right. you buy you buy blackrock because it's levered to the bull market. and trump wants to stoke and you buy goldman sachs, which will make a fortune from all the mergers and acquisitions that are on the way, especially when you no longer have to fear the wrath of khan lina khan. that is the ftc bottom line. trump wants the bank to succeed. a higher stock market is the badge he craves, even if he's saying bad things about bank of america. but just because there's a lot of bluster, there are only a few tradeable ideas. so i want you to do this before you pull the trigger. filter things and take advantage of the fact that the pin action for the banks is extraordinary. mike in illinois. mike. >

which causes 70% selloff in nvidia stock $600 billion in market value wiped out in a day the single largest day the single day company declined in history and big tech earnings are out with the focus on what corpus are saying about u.s. competitiveness. in washington the senate confirming scott bass as a nation's treasury secretary with more hearings from trump's cabinet nominees. the president rolling out more executive orders to create an american iron dome and cancel di in the military trump given a marathon long speech in front of the republican retreat at his golf course in florida. , more on this coming up the first fed meeting of the year kicks off this morning a look at where investors stand with expectation of one or no rate cuts at this point the yield on the tenure of four basis points sitting on a level 4.57%, european markets look like this take a look at the trade in the eurozone with a s&p 100 is a 48 cat condo 33 and jackson expire by 146. in asia a mixed bag the asian embassies finishing with the cosby in the shanghai close for new year's celebrations, the nikkei down one a

these analogs, stop doing what they did with apple. >> just by nvidia. >> own nvidia. >> all in own nvidia, because that's what the at the end of the day, all this money just ends up there. >> well it does and remember. >> i mean a lot of it the project that they're talking about does include the build out right now 20 data centers, ten are already underway in abilene, texas, 500,000ft■!s each. so there's a lot i mean, beyond just nvidia. it goes into a data center. >> i don't think the president is going to go with that last minute 18 front friends that nvidia can do business with. >> no, he's going to do 18 countries that don't get tariffed. >> yeah i mean you know look he's again he's transaction oriented. i don't really know what the biden administration was doing. in the last few weeks. i've been reading a lot about about woodrow wilson in his last year. >> that's great. >> jim. yeah. >> okay. >> mrs. wilson lived in a house i tried to buy, and i lost the bidding war. well, but she was running the country, so it was viewed as the second white house. >> yes. might be a good thin

some talk nvidia might actually jump in to the a.i. pc processor market in direct competition with qualcomm, amd and intel. overall, keynote a driver setting the tone for a.i. in general and tomorrow the analysts q&a in the afternoon where we get some, if any,ful updates. helping to drive the stock. >> has been a stock-moving event. right? not just on the monday he delivers the address either. you've seen it on the tuesday and the wednesday following and this comes at a time where the stock seems to need a jump? >> precisely. that's why i put emphasis on tomorrow. sure analysts community will ask for specific questions about blackwell. my assumption that in the keynote focus more on gaming, maybe spectrum x, ethernet cables. very important to bring all of those gbu clusters together. all the information the world wants, investors want, how will they move forward and get that continuous source of revenue and stay one to two years in advance of any other compoter out there? the questions. china restrictions too. the were e they'll get fr

>> technology partners right now microsoft, nvidia, arm, open a.i., and oracle and nvidia's grace blackwell which we talked about many times, the cpu there is arm, the gp is blackwell. they're going to be the primary technology partner off the bat. with $500 billion of investment in just the amount of problems that need to be solved over time i think there is opportunity for more players right now it is a great day for grace blackwell and it's a great day for arm. >> i'm sorry. i hate to get too granular on this thing. i know it is not really her world and i'm putting you on the spot here but we are trying to figure out open a.i.'s relationship with microsoft and open a.i.'s relationship with oracle after yesterday because i had always thought that it would not be -- dave and i talk about this, that open a.i. was microsoft and now it looks like open a.i.'s partnering with oracle and that would not be something that i would've thought was going to occur 48 hours ago. >> yeah, you know, it's probably an area that sam and sasha should comment on rather than myself but one of the things when yo

nvidia just couldn't keep going up as much as it did.ook, it's valuation and people starting to say big investors, big money and fast money is saying i've got to be out of tech and into industrials, into defense tech, into areas like -- charles: you like consumer staples. let's put up three names on your watch list, a really intriguing variety here. general mills is at the top of the list, the number five percentage gainer today. >> that's because it's the perfect hedge, and it's the perfect stock whether it's progresso soup or betty crocker, everyone's selling it off thinking that betty crocker was done because everyone's taking ozempic, and no one's going to have a brownie again. that's not the case. cheerios, we're still going to eat cheerios every day, and there was concern about international and tear the riffs. general mills, minneapolis, you can't go wrong. andst it's also a nature valley, and they created that healthy snack segment. charles: cnx resources. >> this is a shale company. pennsylvania, ohio, we've vast -- west virgini

and it's really threatening nvidia. frank, nvidia is the number. >> one. >> company in the world. maybe not after today, but deep seek is a word you heard all week and you're going to hear all day today. and it really is. >> fascinating because. >> this could be the pin that pops the mag seven bubble. >> all right. again, we want to highlight to the audience. nasdaq futures down more than 1000 points. that's actually 5%. so again deep selling pressure on a lot of these big tech names. i want to get to your pick today. and i want to know if you if you're changing your mind when it comes to this pick. so jeff, what is your pick for us today and why. >> my stock. >> pick of the day, which is tough in any tech sector with a down day like today. but it's oracle. oracle is an essential 40 name that we believe is essential to the us economy. and more importantly, we look at what's going on with tiktok. we are seeing tiktok maybe having the ability, a lot of rumors going around that president trump is going to move the tiktok o

stuart: you're buying nvidia.a's been our biggest position coming into in this year, and look, even after yesterday's big drop in that name which none of us like to see, it's still the up over 4% to start the year. there's not a better company from a fundamental per perspective to own, and because it's a large cap with large profits, i believe nvidia will give you the signal as to when to get out of the market. it will be one of the last ones, in our opinion, to wreak, and that -- to break, and that will be the sign that we need to rotate off the growth and play serious dependence. stuart: what would you call a break in -- defense. what would you call a break in nvidia's stock? >> this may sound as a stock, but i think we'll see 160 before we see 120, stuart. when the market does break, you'll see names like this, in my opinion, drop by 40-50%. and that that shouldn't come as a surprise. it happens in every type of short-term bear market that that i think we're going to have to navigate through. so we are not buyi