the ceo saying palantir is seeing surging demand across the board.olor on just how intense the battle for an ai advantage really is. >> if you wield these technologies safely and securely, extract the value in the context of your own enterprise, you have a weapon that will allow to you win that will scare your >> palantir known for its work with the government. i spoke with karp about the regulatory impact on palantir's business, focused on a path forward with both human and government oversight analysts say that could be important if they face some pending regulation coming down the pipeline in that big data space also getting a poost from the palantir results mike, back over to you >> frank, thanks so much >> and speaking of ai, a new report out of the national bureau of economic research lists the public companies most and least exposed to chatgpt starbucks, mcdonald's and dollar general are at the bottom three. maybe no surprise. this morning wendy's confirms it's turning to ai-powered chatbots for its drive-through orders >> all right intuit an

palantirs surging.ection despite raising full-year revenue expectations wall street focused on paypal's operating margin forecast 25 basis points he lower than the prior outlook. western digital falling, despite beating estimates. that said, reporting a quarter revenue decline across its cloud, client, and consumer markets. stock down 4%. >> washington, d.c., will be a key focus today as president biden is set to host house speaker kevin mccarthy along with other congressional leaders at the white house they will be discussing the debt ceiling, possible spending cuts, the republican leader would like of course, this all as the potential deadline is as soon as june 1st that we may default on the debt according to the treasury secretary you spoke to yesterday. did she have anything important to tell us >> she went farther than ever of warning of the catastrophic damage, the tremendous, her words, not mine, impact on the financial markets and the economy if we can't get a deal done, and how she set up the

government ev tax credit shares are down 8% in pre-market different for palantir soaring on earnings beat the commercial revenue growing 26%. the software company known for work with the government says the u.s. commercial customer count increased 50%. pay t paypal issues a weak quarter earnings the company beat expect takeatis performance with the checkout button on web sites has concerns with paypal losing to apple pay. that is with better than expected growth. >>> time to get a check on the other headlines with nbc's an phillip mena >> good morning, frank we are learning more about the eight people murdered in allen, texas on saturday in the shooting rampage the 3-year-old boy killed with his parents seen here. the only surviving family member is his 6-year-old brother. and also killed are sophia and dani daniela mendoza. >>> and putin says real war being waged against russian victory day speech >>> president biden has come out in favor of the ongoing writers strike speaking ahead of the screening of "american born chinese. mr. biden said nights like these are a reminder of storie

palantir up another day, talking about unprecedented demand.he ceo says they just want to take the whole market. that is the strategy for ai apparently. ♪ - i just got the new job! - oh my god, i'm so excited for you! - [narrator] if you are ready to advance your career, southern new hampshire university can help you get there. - [tanzania] southern new hampshire university has changed my life tremendously. i went from thinking college wasn't for me, to graduating, to getting the job. - [narrator] with over 200 career-focused programs, snhu can help move your career forward. - [tanzania] i have my degree and it's something that no one can ever take away from me. - [narrator] reach your career goals at snhu.edu. caroline: scale ai as a leader in creating generative ai features and is launching two new left forms. joining us now is alexander wang, the founder and ceo of scale ai. at the moment, i am trying to wade through palantir trying to take the whole market. we had chatgpt within its offerings for slack and ibm with >> next. what are you off

. >>> palantir, i think the a.i.hink palantir is the way to play it. >> tim >> used to be a mega-cap tech company. now paypal is just certainly a payments company and one i think trends are getting better. again, their margin and share at the ceo search i think closer to completion stock's been destroyed and you look at the charts, in the bottom. >> and carter mentioned the challenges of the overall market the russell 2000 iwm, i think there is a lot of pain points. >> steve >> looking for a big pop on earnings. >> that does it for us "options action" is up next. [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can

i am thinking about palantir, for example.while since it climbed back to its 52-week high. it is not there at the moment. it had a banger the last 48 hours where it said it would be profitable every single quarter this year. adding 40% to the 30% gain yesterday. 34% jump this week alone. do you go into something like that? >> the reason i'm showing you palantir, that is a classic example of a company with a good business that was down literally 80%. it wasn't down a little bit. it was down way off its high when it first came out. then it based for a long time. i actually showed this stock on the show here a couple months ago. liz: i remember. >> on the first jump. now it's clearly entering into a bull phase. you're seeing institutions buying in. it is in the right business. this is one not anywhere near its all-time high but you can see the current momentum just come back into the company. liz: for those who don't know. 9.95 right now. the all-time high, annual high is $11.62. it is not quite there but getting closeromewhere u

that company, palantir is all they do. that is at the very core what happens next.harles: speaking of a.i., google has a major event tomorrow. they are way behind, they have 30,000 a.i. engineers, merged all the smart people together. i don't know if that is enough time the stock is acting pretty good the last 24 hours. would you expect some kind of news could propel it, move it up in sort of an eye aace? >> two things to think about here. i agree with your assessment. they're totally in reactive mode. microsoft's move caught google flat-footed. i expect google to pull out all the stops, big dog and and pony show higher. wall street is looking higher. i'm looking for a short. everything is copycat. i'm leery. i rather own microsoft. charles: you own a quote, share it with the audience, from niche that, those seen dancing were thought to be insane by those who couldn't hear the music. what does that mean for investors? >> pay attention to what is happening behind the scene, you can't find the movement you can't dance. counter intuitively the bullish sentiment is bigg

lauren's looking at the big mover of the morning, one of them, palantir. lauren: it really is. be profitable every quarter for this entire year, and a.i. is boosting demand for big data. the ceo of palantir says demand is about precedent for anti, and it's happening in the commercial sector, in the government sector. think about it, do you want a.i. to be used in the military? not completely. i still want a human there, right? stuart: so long as we're running a.i -- lauren: true. stuart: -- in the military, our guys are the best. that's fine with me. lauren: i just wonder if there's overexcitement particularly in certain industries. stuart: it'll cool down at some point, for sure. >> if you think about a.i., think about cutting edge technology, leading technology that's going to help these companies do what they were wanting to do from the get go better. so rather than putting the a.i. tagline on it, it's coming, it's here, it's going to continue -- lauren: use it. >> yes. lauren: number one on the s&p, up 15%, they overlooked -- raised their outlook, things are getting better.

you were talking about palantir's big ai push and when these has its own ai push.atie: it feels like every company has to pay lip service to having an ai strategy which is interesting news for wendy's. they plan to test an ai checkbox next month and it will talk to customers and has a female voice and it will use google cloud ai software and it should have the ability to understand speech and should be able to answer frequently asked questions. we will see how that goes in there hoping to start opening it up at test locations were restaurant employees will monitor the drive-thru and make sure the ai can address all the requests there are so pretty early stages here but when these has an ai strategy. matt: i imagine it will be fantastic because the ai will never get bored of up selling. that's a problem when you have a high school kid getting $15 per hour and he doesn't care if a kid did have sells more fries but the ai will push it hard. in terms of columbus, i used to go to the first wendy's store, the original store on broad street which is now gone. sonali: all

we got a surge of palantir higher by 19%.ter than expected profits and revenues and a better than expect forecast for a year profitability, and so shares up nearly 20% then paypal, it's down about 5.5% right now, just under 2,000 shares of volume and its current quarter guidance was slightly disappointing, and paypal did raise its full yearly guidance we will end with a check on what continues to be a volatile trade in the regional banks specifically like pacwest down, so a little volatility returning. they are still down anywhere from two-thirds to around 80% of the market value over the course of a year. and jordan spieth is trending because he withdrew from the weekend tournament -- >> yeah, it's his left wrist >> pga is next week or coming up soon, and that's the only major he has not won that's everything you need to know >> all the news. >> we have all been briefed. >>> we have deal news for you this morning temper sealy is buying mattress firm mattress firm was taken private in 2016. you can see temper shares are off b

carvana sxwrup start which had been on a monster move but is actually now down 2 1/2% carvana up 7% palantira similar amount. if we show you the gains so far in may some pretty impressive returns and lots of earnings movers in retail to mention as well here's of course the month to date gains as we mentioned upstart has nearly doubled incredible stuff on the retail front, though, a little bit different story let's get over to courtney reagan where lowe's investors are shrugging off a dour forecast >> shares of lowe's slightly higher here and it's perhaps because it was a bit expected after we heard from competitor home depot and their results lowe's did lower their expectations for the full year for earnings, revenues and same-store sales but it did beat the street's first quarter estimates for erin aings and revenue. like home depot lowe's was hit by lumber deflation, bad spring weather and lower discretionary purchasing leading to disappointing comparable sales for the quarter. dick's sporting goods beating, missing slight liu on the same-store sales growth. the sporting goods retailer rea

. >> out of trifecta, i got apple, tesla and palantir because i want to cover all spectrum of usabilitytelligence and data processing. stuart: with other big new things, you get this rush, people rush into all kinds of stocks and then flattening out as people realize they're not all going to be with us, a washout in ai but am i safe with microsoft and google? >> safe is a relative term. i personally pick microsoft, i don't google, you and i have a difference of opinion on that. i think it's a great company doing a lot of things right. stuart: i don't know enough about it. that's my problem. if i can say this company will use ai and it will be positive, they will make a lot of money, i put my money in but i don't know enough so i go with the big guys to be safe. other than microsoft and google? >> is the engine, a lot of people are playing back stock and have not gotten it but the company continues to put great numbers, is the engine that processes data. people can't use ai without companies, picking winners will be tough. stuart: i can't read this on the screen but it was around -- wher

caroline: helen tear -- palantir you mentioned and tesla.ure within your flagship fund or are you deciding there will be a few key names? cathie: will leo -- twilio would be another name and also company's like exact sciences are using their own proprietary data and broad distribution efforts to gather information and create better products and services. would say almost every company that we have in the portfolio oe asked the question, how are you harnessing this powerful tool called artificial intelligence? i would say 90% of the names in the portfolio are harnessing it and do have a proprietary data. caroline: we've seen so much disruption to the market capitalization of companies when they have a father's house disrupted by chet ttp. -- chatgpt. you mentioned apple, is that a key company we need to worry about being disrupted? what other names come to mind where the market has it wrong and how much they can be overwhelmed by this new competitor? cathie: for google, chet ttp was -- chatgpt was either the worst thing that happened of the b

chip makers amd is up 9% taiwan semi is up 5% c3 is up as well as palantir and micron we will talk more about this later on in this hour. >>> moving on back to the broader markets. last night, fitch put the united states aaa default rating on negative watch aaa is the highest rating. fitch says this is over the stalemate in the negotiations despite apparent progress with democrats and republicans. coverage from washington this morning with brie jackson and jp ong is here in singapore and arabile gumede has the early trade in europe. >> reporter: good morning, frank. the race to avoid default is coming down to the fwire representatives from the white house and congress continued for the third day. spending is the major sticking point. house republicans demand significant cuts and the white house has offered to freeze spending levels, but not cut further to protect social programs mccarthy seemed optimistic about the deal, but the markets are not sharing his sentiment. fitch placed the aaa rating from the u.s. on rating watch negative this is not an official downgrade, but the agency coul

you saw palantir crush earnings. these will start coming to the forefront. they exceed expectations with the innovations they're working on. caroline: on a macro perspective, can those names outperform even if we see growth continue to slow down, if we worry we hit a recessionary environment? the jury is out as to whether tech is a safety play in this environment or is beholden to macroeconomic environments. sylvia: it is a great question. all of the major indices and sectors and top-performing -- it feels like an obvious answer but it is not. we have a situation where we have a fed that is kept in the gas pedal, rising rates and slow down growth. there are few companies that can truly withstand that. we have to believe we're getting toward the end of that. it looks like inflation is coming down across cpi and ppi. if the fed gives us a little relief, the companies that have withstood all of this can start to spend and increase their rollout, it will be a different story. tech will leave the market. thus need market. we don't have enough factories that can m

the biggest move since 2021, palantir technologies. an unprecedented demand. the downside, operating margin not as strong as wanting to be seen even though they are seeing volumes increase in terms of overall payment processing. too much white labeling. more of the paypal payments going forward. this is bloomberg. off by 6% fully as we worry about software in its new suv and whether it is looking clunky for the time being. ed: from the public markets to the private markets, rx three has raised $150 million. from athletes and celeb days for it second consumer focused growth equity fund. cofounded by aaron rodgers, venture capitalist aaron roth. why are all of the lps, athletes, actors? >> i think the reason we have a lot of these athlete commence liberties and actors as lps, it provides access to consumer brands across the growth sector. we can provide capital and value beyond that and move the needle and help drive revenue to these brands. ed: when you look at portfolio companies or potential portfolio companies, do you think having celebrity backing as an inv

shares of palantir ahead they reported profitability, but growth across government and commercial businessesd scott, back to you >> pippa, thank you. >>> paypal, the key metric to watch. we'll tell you what it is. >>> the last chance to weigh in on our twitter question. which of these has the most upside potential vote on twitter. we'll bring you the results after the break. ♪ ♪ (christina) with verizon business unlimited, i get 5g, truly unlimited data and unlimited hotspot data. so no matter what... i'm running this kitchen. (vo) make the switch. it's your business. it's your verizon. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. which of these sectors has the most upside potential? tech in the

as we had to break, keeping an eye on shares of palantir as they said they would help deepen relationshipsnstruct infrastructure. they've been working with the crane since last year providing software and incorporating ai technologies to empower battlefield decision-making. this is bloomberg. ♪ fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. scarlet: florida governor ron desantis's live event -- on twitter, was played by technical glitches. led to his announcement being posted on venture capitalist david sachs instead. >> that was insane. sorry we are doing this from david sachs's twitter account. looks lik

. >> palantir makes the list c cathie wood adds it to arc the ceo said it expects profitability through end of year that's why shares are up almost 15%. shares of take two interactive hit a new 52 week high today after a surge following the company's earnings announcement yesterday. the video game maker beat revenue, and while guidance is short, they're saying big name releases could increase microsofts profits >>> last chance to weigh in on the twitter question which stock has the most upside from here. nvidia, meta, alphabet, microsoft? head to@cnbcclosingbell on twitter. i need it cool at night. you trying to ice me out of the bed? baby, only on game nights. you know you are retired right? am i? ya! save 50% on the sleep number limited edition smart bed. plus, special financing. only at sleep number. >>> let's get the results of our twitter question which a.i. related stock has the most upside from here, nvidia, alphabet, microsoft, or meta nvidia wins the vote wow, 40% that is interesting. which means i need to discuss with santo lli coming up rodinetflix, worries surunng the writer

palantir, you mentioned ai, their stock after market goes bananas. too enthusiastic about risk. manus: no, mike wilson is warning earnings are going to fall and it is going to be tough. if you get rate cuts it is because something pretty bad has happened. aramco has given us a release on their dividend strategy. in addition to the base dividend, that comes as the world's largest energy company prepares to wrap up first-quarter earnings for big oil. let's get to saudi arabia. our bureau chief there is matthew martin in riyadh. talk me through this special dividend formula. when does it kick in? how close are we to it being delivered? >> good morning, aramco surprises all this morning. they preempted the results announcement of the q1 financials by announcing this special additional performance-linked dividend. essentially a percentage of free cash flow go go toward paying a dividend on top of the normal base dividend. at the end of last year, they boosted it to $19.5 billion per quarter. that will remain as the base dividend. on top of that, there is

. >> good quarter. >> down about 5% no >> palantir had a good quarter >> i know it did, but it was upjacob's engineering, which was downgraded -- jacob's solution >> look at that move >> why don't you put up c3.ai if you want to go there >> both of them up dramatically on enthusiasm about generative a.i. we should make the point a.i. has been around for very long time. we're talking about generative a.i. >> generative a.i. is what's going to kill you. regular a.i. works with you. >> general intelligence a.i. when it reaches that yes. well, that's what's going to kill us. >> generative, just so everybody knows, it learns, so it gets smarter and smarter. i saw some generative a.i. years ago at alphabet where a robot learned to drink coffee, and when it was too hot, knew not to hurt its lips. >> it didn't have lips, because it was a robot >> that's for someone who's narrow-minded like you i saw it as the way of the future do you know what they haven't figured out? those darn generatives they haven't figured out black ice. >> they haven't figured it out yet? >> i'll ask jensen >> they did

never, never, stop coming but you brought up something that was brought up last week by the ceo of palantirabout how do you monetize this. where are the profits? we hear about it, sexy, exciting. he says it will create a lot of value, okay. and we're going to get hundreds of customers. okay. we'll price it as we go. mark, you've been doing this a long time if the ceo told you about any other part of their business you would put them doesn't as a maybe. maybe they will make money, maybe they won't? >> i would probably too, but i think it improves processes. software for digital services provider you're making services differentiated or more personalized i think the chat bottoms -- chat bots generative a.i. is has a concierge element to it or customer service element to it. if we get off calling phones to united airlines, or whatever, have a chat chat bot that could have a lot of value and better value for consumers. i think we'll find services that are easier. it will replace email. it will replace the customer service call. >> all right. maybe, then we won't have to ask for the manager, may

capitalist extraordinaire david saks, angel investments in the past have included airbnb, facebook, palantir are happening right now in the tech world, a.i. and is what's going on in san francisco with the, yeah, the commercial real estate disaster. so much to talk to him about. dow jones industrials down nearly 300 points and the kre banking regional index down 5.5%. ♪ ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones . . really to worry ab out. and then when i was diagnosed, there was just such a big weight put on my shoulders. every night, i felt like maybe i won't wake up tomorrow. but there's no way that this is going to win. i'm winning. announcer: st jude children's research hospital works day after day to find cures and save the lives of children with cancer and other life-threatening diseases. beth stewart: there are treatments that were invented within the walls of this hospital that have continue

like palantir, they are a specialized software.ought a solution you could roll out to thousands or millions of customers because it can be customized so quickly. yes they are investing in ai but they are not at a point where there able to quantify it anytime soon. lisa: just to get a perspective on machines versus humans. if they are concerned about the unfettered use of technology in the theory that people don't understand if they try to extrapolated out, what it would mean. what is the likely outgrowth of that? how many imposed restrictions on the development of nuanced artificial intelligence is the humanlike elements and how they will be implemented? mandeep: look at how the internet content is consumed. there are safety issues surrounded and you put guardrails in terms of who can access the type of content that may be nefarious or not something you want your kids to be exposed to. over time, regulators will be late and terms of putting those guardrails up. for a productivity standpoint, you can see how if you can enhance someo

charles: i think palantir is great example of that. >> thank you. charles: i read somewhere they're starting to burnish their a.i. bonefides because they were not not a.i. discussion enough. >> well they weren't, but don't forget a lot of what that company does is classified. it just can't tell the story like a traditional wall street stock. so wall street bullies it even though they're quietly accumulating positions. >> keith, fantastic stuff. thank you very much. >> thank you, charles. charles: of course one of the dark clouds over this market is the debt ceiling drama. it feels i don't know hypothetical to most people. let's face it. people are worried at same time they are grilling at the beach, with family and friends all memorial day weekend. it is lurking out there. be honest it is more machine necessarying than a great white shark. let's bid in genevieve roch-decter. grv, if the deal is not reached how do you see the dominoes falling for the market and the economy. >> very, very bad, charles. we're nine days away from the debt ceiling breach

>> palantir might be the real winner of this a.i.chicken soup, guy, geez karen? >> yeah, you know, i'm going to follow mike, blind leading the blind, but i do like jpmorgan. i'm a buyer. >> tim seymour >> netflix, we talked about it i think the thesis is these changes that they brought about, i think they can do out of strength, not out of weakness. where it is on the charts, 400 is a key level to get through and we have to watch that. >> dan >> really want to give me this much time here >> kind of risky, 20 seconds >> interesting, mel, that we -- actually like the tlt here i think longer term yields can come in, the two-year can stay bid here and that's the way this plays out. >> you're not an angry guy in real life. you are perfectly -- >> markets are emotional, people thank you for watching "fast money. "mad money" with jim cramer starts right now. watching "fast money. "mad money" with jim cramer starts right now. >> my mission is simple. to make you money. i'm here to level the playin field for all investors. there's always a bu

hire >>> let's get back to kristina now for more more stocks she's watching for you kri kristina >> palantir climbing again another 30,000 shares just yet they have been on a tear over the past month 60% it's up 6% today, and early results in may got the bolall rolling and the excitement over ai kept it going it hit its highest level since april, 2022. but auto zone is moving in the opposite direction today the company is weaker than expected sales in march and a big buildup in inventory which it blamed on inflation, but executives say they expect the do it yourself business pushes more customers to maintain their vehicles, nonetheless shares are down almost 7% today >> kristina, thank you >>> up next, goldman sachs' ceo david solomon speaking at our ceo council summit we'll bring you the highlights of that. >>> and ajene oden will be with us "closing bell" right back. ♪♪ the only thing i regret about my life is that i did what everyone else did at the time. i hired local talent. if i knew about upwork, i would have hired actually talented people from all over the world. instead of talentles

you're way more interested in names like palantir, who else? >> super interested in tesla.f course covering that. i've been saying it for a while. liz: i covered it. he came up with the idea looking at stock. >> just breaking news to everybody watching. >> we're like brother and sister. we are just fighting constantly. >> he always takes all my airtime. charlie, come on, we'll talk about that later. this is unbelievable news for tesla bulls. i have been for a long, long time. this is one of the things analysts and tesla shareholders have been looking for because it's hard to say that elon musk, brilliant as he is, hat not been a little bit distracted running tesla at the same time. liz: folks tuning, elon musk tweeted he has pick ad ceo to run twitter. he will kick himself up to the chairmanship role and cto. it is a female. that is all we know. let the guessing game begin. always great to have you. >> always a pleasure. >> never know. mark lopresti, thanks so much. [closing bell rings] only nasdaq moving higher. disney the big drag on the dow jones industrials today. that

cyber, which was a very good read-through, by the way, for palo alto networks and then yesterday, palantirall three were good. they're probably -- i don't know where upstart is right now, but i really felt that upstart got a bad break in terms of the narrative, because max is doing everything he can to become more profitable, as is upstart, and they liked it with upstart, and they didn't like it with affirm for heaven's sake. >> some of the guidance there, a lot of narrower than expected losses this morning. we're seeing a lot of that speaking of read-throughs, people wanted to use six flags as a read-through to disney tonight. is that overdoing it >> yeah. i mean, six flags, they don't have a -- do they have a streaming -- >> they have not gotten into the streaming business >> the streaming business is netflix. the comparisons are always so -- remember when we heard comparisons were odious when wherp when we were growing up? it's not in this case. bob iger has to give us a road map that says the losses will diminish and we're going to stick by our projection. my charitable trust owns it.