the boss of nvidia jensen huang is in india, and has announced a slew of deals with several indian companiesincluding reliance group, run by asia's richest man, mukesh ambani. our india business correspondent nikhil inamdar has all the details from mumbai. nvidia said it will supply its processes for reliance data centres and announced a tie—up with other indian companies. they are looking to expand their cloud infrastructure in india. i hope to partner with all of you to enable india... the nvidia bossjensen huang was attending an ai summit in mumbai and said he believed india would become one of the largest software outsourcers with artificial intelligence exports going forward. one of the greatest advantages india has is a large population of users. so now you have the fundamental ingredients, ai, data, and ai infrastructure, and you have a large population of users that ultimately creates your ai flywheel. he said his company's revenues from india were small right now but its hopes for the country, which has been trying to develop a nascent chip—making industry, were large. the company s

the boss of nvidia jensen huang is in india, and has announced a slew of deals with several indian companiesvidia said it will supply its processes for reliance data centres and announced a tie—up with other indian companies. they are looking to expand their cloud infrastructure in india. i hope to partner with all of you to enable india... the nvidia bossjensen huang was attending an ai summit in mumbai and said he believed india would become one

jeff bezos funded a fusion company and nvidia jensen huang called nuclear critical to the future. >>t in my backyard lessening? >> there's two factors. on the front, nuclear power is now at the highest level in more than a decade. a lot of that is coming from millennials and gen z. you look on tiktok and instagram a lot of prominent backers because they don't have necessarily the same association of what can happen with a meltdown. on the regulatory front, that still is a question because these smrs the future of the small modular reactors still have to get the permits from nrc. they have a demonstration project they're building in tennessee but not the full scale project yet. >> like a proof of concept project or more than that? >> it's more than that. so they're building it and the nrc approved it and nrc approved bill gates company, the construction permit but not their nuclear reactor permit yet. so this is a long timeline, 2030 at the earliest. >> you have ai fuelling the need for more power but you also have electric vehicles, which certainly are going to be a part of the futur

you can devour video that's a clear sign nvidia's jensen huang is at work here in a year where the government wants to stamp out corporate dominance feen that comes at the expense of our amusement and our intelligence zuckerberg can't simply crow that we own the consumer don't come near us because we will outspending all that does is give you a one-way ticket to the justice department for a beating by the figurative rubber hose of antitrust. dominance. dominance, whether it be in the enterprise or consumer, costs a lot. but it's good to be the king speaking of internet royalty, amazon reported a strong quarter after the close. sizable revenue beat paired with a monster earnings beat. even though the revenue forecast for the current quarter fell short of expectations. i'm sure someone will freak out about that their operating income guidance was excellent because they've been very disciplined about controlling expenses till the stock caught fire in after hours spending amazon is spending like mad. why? because they want to dominate retail whether it be prime with advertising. along with that d

>> david, over the weekend nvidia ceo jensen huang spoke with brad gersner on his podcast. software is an underappreciated asset by wall street. also discussed the role it's allowing applications to run better and the constant update to its architecture, it's becoming easier to curate data. >> there's a trail of free gear. there's a trail of free infrastructure. we're very disciplined making sure we're compatible throughout so that everything that we leave behind will continue to be excellent. now, we also put a lot of energy into continuously reinventing new algorithms so that when the time comes, the hopper architecture is two, three, four times better than when they bought it. so that infrastructure continues to be really effective. >> analyst on wall street making the point that once the hyperscalers locked in, it's much harder to switch and pivot to a cheaper alternative. a strong reaction this morning. goldman upping price target to $135. melius reiterating buy rating, $165 price target. huang also praised elon musk's xai and the speed at which he's building super comp

. >>> later today, don't miss a major interview with the ceo of nvidia, jensen huang, and jue li sweetng a new partnership. partnership. that's comin with gold and copper prices pushing towards all time highs, us gold corp. eastern time u.s. gold corp has a reserve of almost 1.5 million ounces of gold equivalents. permits to mine zero debt with only 10.73 million shares outstanding and a portfolio of world class american strategic metals assets. u.s. gold corp, join the golden age. >>> we continue to monitor the port strike, of course, day two. we're looking at one sector that could see a brief bump, at least from the fallout of the strike. diana? >> we're talking warehouse, and i would emphasize this is a short-term play. it all changes if the strike goes long term. for now, warehouse will see more demand and pricing power as tenants need workarounds for goods in containers, this according to a new report from piper sandler. what are the names to watch? let's start with lineage logistics, it benefits from increased demand to manage food inventory in the case of port disruptions. you m

nvidia's jensen huang was on "overtime" yesterday, has struck this deal with accenture, is pushing further and then industrial ai and really sort of creating this i think as the two ceos called it connecting fabric to connect nvidia's bigger stack and software stack with the companies that are going to be looking to deploy these ai capabilities, so how quickly does it happen and with nvidia pushing further into that, how does competition with megacap tech names and others now continue to change >> consumer ai is going to happen quick because if we look up a recipe or a on a device, ram fictions are big, right? if we get the wrong information, jeffries put in the wrong information because a.i. told us to, they'll go to goldman sachs. i think enterprises are taking it slowly, taking test pilots very slow, on-ramps onto these a.i. journeys. i think ultimately we're, as they say, we're all going to underestimate the long-term, we're going to underestimate the near-term -- overestimate the long-term opportunities. jet lag. clearly, it's going to take time it's going to take time for this to pla

nvidia's ceo jensen huang, wei says the demand is real and i believe it's just the beginning of the demandbingo. there it is. asml, an equipment maker that gave you a sob story about the whole industry the other night with the inception of ai. taiwan semi is on the -- as wei said, quote, we have our real experience. we have been using ai and machine learning in our fab and r&d operations. by using ai we are able to create more value by driving greater productivity, efficiency, speed, qualities." he goes on to explain that taiwan semi's customers would say the same thing. what a contrast to the lame asml call that caused so many people to panic and once again revved up the chip obituary machine. here's how i look at this business. it's their job, their being everybody else, to get you to trade the semis. it's my job to get you to own them. but there are plenty of moments of doubt. when i read the tweets from salesforce ceo marc benioff chiding microsoft's co-pilot for being second rate i thought maybe ai's all for show. when i see a chatgpt entry for smith know and the darn thing's complete

every one of the tech titans will also be accused of writing a too big a check to jensen huang and nvidia. they'll try to say they're developing their own chips and they don't need jensen huang. but let's say it could be disingenuous. how about that. i am indeed trying to discourage you from trading these stocks ahead of the quarter. [ buzzer ] it's just a roulette game based on nothing. often the game feels rigged. you just month don't know which way it's rigged because companies really and truly do not let this stuff drip out; because it's really bad to go to jail. jail, bad. bottom line, no on wall street knows what any of the quarters will look like except for the principles. so don't bother to follow the money that you see trading right now in anticipation. you know why? it's a fool's errand. chase in south carolina, chase? >> caller: boo-yah, jim. how you doing? >> boo-yah. i'm good, chase, how about you? >> caller: it's a great day in the state of south carolina. all the quick question about honeywell and been a long-time player in it. and a holder in it. it's done very well and wo

nvidia. jensen huang was building that for over a decade or longer.job at corning for over 20 years. this year has been phenomenal, over the last year the stock is up 83%. this year to date, up 60%. what would you compare this to and what you've seen over your more than two decades at this company? or what you see in business overall? >> well, if you can get positioned behind the right secular trends, you can have super powerful growth cycles. and what we're seeing right now is a convergence of both cyclical and secular trends is what is driving our growth. gen a.i. is a secular trend, but not the only one we're seeing. and so if you patiently invest, build the right innovations, do the right thing, get the right products, you hit the trend right, you can have a very, very good set of years, and that's what we're aiming at. we're only three-quarters in to a three-year growth plan and i'm delighted with the stock. >> where is all the stuff manufactured? >> in the -- it depends on the piece, but the bulk of it is manufactured in the united states. the t

. >> don't miss nvidia c ceo jensen huang. definitely don't want to miss p) - [narrator] this is my coffee shop. we just moved into a bigger space, brought on another employee, and ordered new branded gear for the team. it was so easy. i just chose my products, added our logo, and placed my order. bring your own team together with custom gear. get started today at customink.com. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. >>> still on edge a bit as investors looked at the middle east. joining me is lauren goodman. welcome back. >> thanks for having me. >> how are you feeling about the markets as this quarter begins? >> i anticipate on a six-month basis they have room to run. it's a constructive risk asset scenario. that said, the economy is walking a tight rope. not teetering on a recession but a real balance between overheating and the marke

copilots both of them are grouping themselves with the kingmaker in gen a.i., nvidia about a week ago on a podcast, jensen huangned nvidia as a 50,000 employee company with 100 million a.i. agents as we get into tech earnings, look out for mentions of agents. benioff mentioned the word more than 60 times on the last conference call. that may be the start of the trend. to be clear, though, agents are not new. we've been talking about this since we saw -- before we saw new features from devices from apple and google and pixel and samsung, but they may be the new wrapper for enterprise. >> the posch is up 22% year-to-date and microsoft shares are up less than 11%. >> they have to do something different. agent could be it. >> thank you. >>> coming up, 15 days away from election day and both candidates are getting a boost from billionaires in the home stretch. we'll have more on that after the break. >>> here's your last look at our mystery chart. a couple people have already guessed it a name wolf research says stands to benefit if trump wins the white house back it's not djt, that's too obvious. the reveal after t

. >> that was nvidia's ceo jensen huang making a surprise visit to the "squawk" set last friday. run over the last year, up nearly 200%. its market cap topping $2.3 trillion. joining us with more is ben, mellist research head of technology research. ben, you say that when you reiterate your buy rating on this, you get a lot of eyerolls. what do you tell the skeptics who are doubters? >> well, this is like when apple did the iphone and if you gave up on apple in year two or three of the iphone you missed a lot. so this is really in the beginning, and what people, you know, really are skeptical about is the size, and they're already a huge market cap here, but there's still room to go. and, obviously, jensen running around new york meeting investors all over the east coast, he's got a lot of good things to say and i think you should listen to him. >> nvidia, you actually say is your second cheapest stock in your group. how do you look at it on a p/e basis? >> i look at p/e to growth and there's a ton of upside next year to our growth estimate and revenues of 40%, but there's upside

will see you next week, that's for sure. 3, 22, 1, the market's open and look who that is, jensen huang, nvidia person pressing the button, ask and the market is now open. the dow actually has opened with an 80-point gain. there's obviously some buying for the dow 30, more green than red in those 30 stocks. s&p 500, straight to a 100-point gain for the dow. the s&p 500 is down a fraction. i call that dead flat. the nasdaq composite, where's that going this morning in the early going? it's down about one-third of 1%, down 65 points. big tech, where are they today? we have a list for you. amazon, apple, meta, microsoft, alphabet, they are all, every single one of them, down in the very early going. now banks, they kicked off the earnings season. some of them reported first thing, this morning concern first thing this morning. jpmorgan, the stock's up, taylor. >> this is the biggie, right? the bellwether for the economy, and they're doing very well. a surprise net interest income gain, the difference between what they earn in loans versus what they pay out in deposits. they said even though rates

nvidia. ceo jensen huang crashing our set just moments ago. the stock up nearly 190% in the last yr.ou have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice. every day, over a million multi-millionares trust schwab with more than two trillion dollars of their wealth. did you ever worry we wouldn't get to enjoy this? [jeff laughs maniacally] (inner monologue) seriously, look at these guys. they are playing great. meanwhile, i'm on the green and all i can think about is all the green i'm spending on 3 kids in college. not to mention the kitchen remodel, and we'd just remodel the bathrooms last month. with empower, i get all of my financial questions answered. so i don't have to worry. so you're like a guru now? oh here it comes— join 18 million americans and take control of your financial future with a real time dashboard and real live conversations. empower. what's next. (♪♪) (♪♪) what to

, and responsible investing. >>> take a look at the nasdaq this morning as jim mentioned, jensen huang and nvidiaafter crashing the "squawk" set this morning. made us a couple seconds late on ppi, but it was worth it. >> i think people have to understand that he has had a three-day road trip. that's why the stock's been levitating. all the big accounts that own the stock, he's very loyal. if you want to hear what he's been saying, you go to the tech unheard. that's the podcast of rene haas, who used to work at nvidia, now runs arm. here's what i think. chatgpt needs every chip. zuckerberg needs every chip. musk needs every chip. jassy needs every chip. the demand is so unbelievable here that we have to recognize that this is a multiyear phenomenon, not one iteration, not two. and he says, software never dies. jensen huang is one of the most influential people in the world and he's a force of good. >> at the big board, it's beazer homes. and nvidia at the nas celebrating 25 years listed as huang does the honors. >> we talk nvidia, of course. amd yesterday had an important unveiling of a new chip.

nvidia is getting a boost on the back of jensen huang's comments.aking with "closing bell overtime" and jon fortt about the blackwell chips. >> blackwell is as planned and the demand for blackwell is insane everybody wants to have the most and everybody wants to be first. >>> shares of levi's are falling after a bit of a mixed quarterly report the company cutting outlook for the year and says it is exploring a sale of the dockers brand. >>> bank of america is looking into the grlitch in the custome account. some said balances showed absolutely nothing in them shares of bank of america down .50%. >>> nikkei reporting that toyota will postpone the ev production in america to the first half of 2026 instead of late next year the automaker cites design adjustments and slowing ev sales. >>> and dolphins owner is near a sale for the company at a valuation of $8.1 billion. >>> here's what to watch today jobless claims ahead of the open and ism services data as we discuss constellation brands is out with earnings and fed speakers with jeffery schmit and neel

right when asmlf was going, putting nvidia in its place, jensen huang was speaking, right then, and hisuote is, "we would like to achieve super human productivity." this is at a lenovo smarter a.i. enterprise conference and i thought it ironic. he's taking over the world but also being taken down by asmlf? i don't know. i don't know. how was -- how's samsung doing? >> stacy rasgon, who is -- asml is not necessarily the best read across given their expertise and lumpy revenue profile. goes on to say, "nvidia, broadcom, amd all broadly sold off in a move that's potentially overdone." >> thank you. look, he's good. i guess he's owned by no one. >> well, they don't have a banking business at bernstein. >> that's right. panic from two companies, carl, asmlf and lvmh. i guess they use initials over there. were so difficult to try to read through, but then you get down to lvmh, 16% organic decline in china. that's hard. >> that's in asia, x-japan. >> that's hard to do. you have to work at how pbad -- you have to sell no cognac before its time. you have to say that christian dior was a knockoff

goldman sachs hiking nvidia price target after the meeting with executives and jensen huang. >>> banksitioned to capitalize on broadcom. >>> another top pick call is morgan stanley on atlassian with a broader product portfolio and derisk of 2025 estimates. >>> time for the global briefing. bang of korea cutting for the first time in four years. in a statement, the bank said domestic demand is slowing down. it says there is room for additional cuts as it is showing signs of stabilizing and the housing market is slows down. >>> uk returning to growth in august. gdp rising by .2%. brin >>> the chinese finance minister is hold ageing a briefing tomor an announce a stimulus plan. china will deploy $200 billion to shore up the second biggest economy. >>> coming up on the show, one word that every investor needs know today and a pair of big banks are set to report this morning. the key sectors set this morning. we'll be right back after this break. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can

nvidia announcing it is teaming up with accenture. jensen huang last hour, talking about the next wave of a.i here's what he had to say. >> this is the -- now the beginning of a new wave called enterprise a.i., and then after that, as we're entering into enterprise a.i., we'll simultaneously develop and cultivate the wave after that, which is industrial a.i. it is incredibly hard to do. >> he was also asked about the state of current chip demand >> the demand for blackwell is insane everybody wants to have the most, and everybody wants to be first. >> it's insane the stock was up in the afterhours on the back of this, guy. >> there was a commercial back in the '80s in new york city where the -- the protagonist would talk about their prices being insane and -- i'm -- i'm not making any parallels. >> what happened to crazy eddie? >> you can google it yes, absolutely. and all that is priced in, and chris can speak to the technicals, but what i will tell you, that june 20th engulfing pattern that we've talked about a number of times has not been viola

nvidia is the operator. >> absolutely. >> jensen huang is an alien. >> now, he's hardly.e's actually a renaissance man, not unlike da vinci, but i think what's interesting and i'm not being -- i'm talking about someone who is thinking so big within new york. >> i know, i know. >> nvidia is working on a sixth day higher, the first higher high since june, thank you, bespoke. i think jensen's wealth now eclipsing intel's market cap. >> he had a better year than intel. >> he sure did, over $100 billion in wealth. intel, obviously, below that. by the way, yesterday, microsoft azure tweeted it's the first cloud running nvidia's blackwell servers. openai also announcing as well, apparently, that they received some shipments. that's october 8th, nvidia has a third quarter that ends -- fiscal third quarter that ends in october, so that should imply, what, blackwell starts to hit this quarter? >> the yields are going to get better and better and they're going to produce a 99% of these things are going to work, right now, they do not have that kind of yield. david, what you missed i

nvidia? a couple of weeks, we were seeing a lot of volatility jensen huang talking about the moat and boom. >> the word incredible is not be exactly a number, right? i think what we are seeing now is the fact that people love jensen and there are not a ton of great places to put the money. you have indexes that you have to buy when the stock goes up. for nvidia, tit is the index. there is not a lot of news here. i think people are excited by his comments even if the chips are behind timing. there is demand for them. remember, their customers are forced to buy the new chips if they want to stay in business with nvidia. for right now, you have to stay in business with nvidia. i think that changes in a couple of years. until we get there and other chip designers doing similar things, i think nvidia will continue this massive lead that does make me a little nervous because i think it is is frothy with the pe ratio. >> you think it is frothy. shares up double digits this month alone. i want to does scarlett johansson yto ask you about beig behind with the chips. what about the rollout? it was a ni

the market really turned positive when jensen huang went out and said for every dollar somebody spends like microsoft or google or amazon on a nvidiaey can turn around and rent that for $5. so this profitability in the a. i. trade is here, and it's the here in a happened over fist type manner -- hand over fist. and on top of that, you know with, you were just talking about the polling for the election. i don't think the analysis is correct. donald trump the has moved over 8 points in the real clear polling average. of course, he lost the popular vote in the last election by 4 points on a razor thin electoral college margin. this election is not very close. the republican trading baskets that ubs and goldman have are hitting all-time highs, so i think there's a great degree of optimism around that, and clay travis just mentioned the betting markets are now at kind of the widest gap in the polymarket of trump versus harris. so i think that's what the market's betting on. i think that's a lot behind the breadth we're seeing in this overall rally. stuart: it's remarkable, the relationship between the election and the market hitting rec

a backer in openai nvidia shares moved higher after yesterday's closing bell that's when ceo jensen huang talked about the processors in the interview with jon fortt >> blackwell is in full production and blackwell is in full demanded and insane everybody twowants to have it first. >> blackwell boosts 2.5 times the power in chips this is the case where jensen huang can set a lot of the guid guidelines openai can't invest in everybody else, jensen huang has to decide who to give the chips to with the demand >>> shares of levi strauss are falling hsharply. beat expectations by two cents the comp the c the company trimmed revenue guidance a big drag on the results is the dockers brand. sales fell 15% the company is now considering the sale of the brand. it tapped bank of america to lead the sale process. shares are down close to 12% >>> now toyota is the latest to push back the production of the electric vehicles in north america to the first half of 2026 amid slowing sales according to the report from the nikkei news service. plans for the three-row electric suv in kentucky in 2025 have bee

microsoft, we're long nvidia in the american ingenuity fund, and this is why, because the demand for a. i. parts, components, infrastructure is just so high. stuart: jensen huangdemand for the blackwell,s the new chip, insane, he says. lauren: yeah. and production is -- >> and everybody wants one, everyone needs one, that's the issue. stuart: i've got an interesting story here. a body language expert wrote a piece in politico. he went after j.d. vance's beard saying it can't convey, quote, aggression and opposition to feminist ideals. he then praised walz for his wide eyes saying it revealed his, quote, emotional intensity. mary katharine ham, we need you. your thoughts, please, on beards and wide eyes. [laughter] >> i have thoughts on this. the idea that the demo of, like, sort of 30s and 40s suburban female voters is against beards is disproven by every man in my neighborhood. [laughter] because every husband here has been instructed to grow a beard. it's nonsense. the wide eyes thing is an attempt to, like, just make up a way that tim walz could have been successful that night when he just truly was veried bad. and this is a deeper problem which is somebody

the whole story around demand, those comments from jensen huang about demand for blackwell, expectations have been high. >> yeah. well, again, nvidiadown. asml down a lot more than that. seema mody, thank you. >>> would point out as well, when we came into the session this morning, nvidia was creeping up and market cap towards apple's $3.5 trillion. that disparity has actually grown given nvidia's 4% loss. apple shares up some 2%, perhaps on data from idc we got this morning as well. you can take a look at nvidia. apple shares benefiting from a nice move higher this morning. up some 22.6% for the year. interestingly, right in line with the performance of the s&p, which though down a bit this morning, is also up 22.5%. our live market coverage continues afr isteth. with gold and copper prices pushing towards all time highs, us gold corp. offers investors leverage to both gold and copper at its project, and mining friendly wyoming. u.s. gold corp has a reserve of almost 1.5 million ounces of gold equivalents. permits to mine zero debt with only 10.73 million shares outstanding and a portfolio of world class american strategic metals

nvidia is going to have a big number. i also thought there was much more to jensen huang's fireside chat in india. have the catalyst that the others have, but there are -- i have hpe on this week. hewlett packard enterprises. >> oh, you have antonio. >> his story is about how he works so well with nvidia. nvidia needs help to get in. so -- but anyway, right now, nvidia doesn't have a catalyst, so -- >> no, other than jensen is everywhere all the time all at once. >> he's amazing. >> he's -- is there any podcast he hasn't been on yet? >> was he on joe rogan? >> i don't know. has he not been on joe roeng? >> maybe. >> i don't know. >> the kelces? jason kelce? >> they have a podcast, right? >> top-rated. >> he hasn't been on with them either? >> i drink campbell's soup because of jason kelce. >> you're easily influenced. >> of course. i'm just -- you know, whatever i see last, i buy. >> that's true. whatever thought in your head was last is what you tell us. >> touche. >> queens. philadelphia. there it is right there, right? mets beat phillies. >>> nice opening gain here. dow is up 300. every sector

you've had nothing but jensen huang going around saying demand is insane, he's showing up at every conference we have we're not going to be slowing down in terms of bidding for every nvidiamenon it's almost like, hey, tesla -- i don't want to say tesla, gm and ford, but it's a singular story. >> how are you thinking about how the market is thinking about the election >> everything in recent leadership in yields and banks and cyclicals fits in with a higher odds of a trump or republican win the economy quickening its pace and like the fed will cut into a decent growth case i do think it's trading along the lines of it seems more likely it's a different setup >> they're fired up down there, jon rahm is up on the podium i'll send it into "overtime. >> that's the end of regulation. ringing the closing bell at the new york stock exchange, aspen technology at the nasdaq the stocks finishing mixed, yields moving hiler ahead of a huge week of earnings. the only s&p 500 in the green. the action is just getting started. welcome to "closing bell overtime." i'm morgan brennan with jon fortt. >> a can't miss interview with cr