that is how you should think about qualcomm.to get scale, you are going to see it on all devices. that is a great opportunity. >> the future is to democratize access to ai tools, qualcomm is going to make that happen. why are you not getting any love? christiano: it is great for the semiconductor industry, for anybody that has been on the forefront of computing. qualcomm is used to be known as a mitigation company. but we are more of a connected processor company. as of those models started to become popular, they are going to be running at the edge, and i expect that ai becomes an option on qualcomm. i will give you an example. i saw something that adam said in a prior conversation, when he said something about in 1997, if you try to guess who the winners and losers on the internet, it would be a wild guess. what we see today as it -- the generative ai opportunity is huge. we do not know yet all of the different applications that are going to come up. just the things in the past six months are revolutionary. haslinda: that was

qualcomm will make that happen. why are you not getting like -- cristiano: i think what is happening now -- by the way, it is great for the semiconductor industry. anybody that has been on the forefront of computing. qualcomm is well-known as a communication company. if you look at what were doing now it is more of a connected processor company and communication. as those models started to become very popular, they will be running at the edge. i expect that ai becomes an option for qualcomm right now. i will give you an example. i saw something adam said in the prior conversation when he said something about in 1997, who could guess who were the winners and losers on the internet it would be a wild guess. genitive ai opportunity is huge. we don't know yet all the different applications that are going to come up. just within the past six months it's a revolution in the number of companies with use cases. those are going to happen on devices. i think that is going to be a great opportunity. ed: i'm going to show you s

that is how you should think about qualcomm.ing to get scaled, you will see it running on all qualcomm devices come in your car, your phone, your pc and other machines and i think it is a great opportunity for us. >> the future is to democratize access to ai and qualcomm is going to make that happen, why are you not getting jensen level love [indiscernible] >> it's great for the semiconductor industry for anyone who has been on the forefront of computing, qualcomm probably used to be well-known as a communication company but what we do now is more conducted processing, not communication. as the models started to become very popular, they will be running at the edge and i expect that ai becomes an option on qualcomm. i will give you an example. there was stuff in the prior conversation where adams said something about in 1997 if you tried to guess the winners and the losers of internet, it would be a wild guess. but we see the generative ai opportunity now is huge. we do not yet know all of the different applications that will co

if ai will get scale, you will see a running on qualcomm. to edge -- democratize access to generated actuals. quick for anybody that has been on the forefront of computing, qualcomm probably used to be well known as a communication company but if you look at what we do right now, it is more of a connected processor company that communication. as those models started to become very popular, they will be running at the edge and i expect ai becomes an option on qualcomm right now. i will give you an example. i saw something adam said in the prior conversation. if you try to guess who are the winners and losers on the internet, it will probably be a very while guests. this generated ai opportunity is huge. we don't know yet all of the different applications that are going to come up. we are seeing that just within the past six months it is a revolution the number of companies that have come forward with these cases. let's take a look at trading across asia this friday. just a reminder, we have the mainland china markets still closed for the holi

i just came off the stage of the qualcomm ceo.are so focused on the big picture, nvidia gpu is going to servers and data centers and power the compute and training in the cloud, their picture is different. they are trying to build better processes that mean you can read large language models and ai models with billions of parameters on the smartphone. in that interview, they went some way to explaining how they are achieving that. i think everyone is basically having a different interpretation of how generative ai tools will impact us as consumers, citizens, in real terms. for the qualcomm perspective, it is on our phones. it is not in these massive models that pose an existential threat. matt: it is fascinating stuff, ed. great to have you at the bluebird technology summit. thank you for joining us, ed ludlow, the host of bloomberg tech. coming up, we take a look at the record of canadian pride minister justin trudeau as he makes some progress in areas or really massive progress in areas like immigration and employment. canada co

what your thoughts were on -- >> qualcomm is an inconsistently managed company and is also a company that is given to what i can only say is hype and i don't like hype. i don't like hope. i like facts and that one just doesn't fulfill my dream the market seems like it's clinging to the magnificent seven and the days ahead could tell us if that trend is going to just continue and continue and continue on "mad money" tonight after a nice run up in the sector since the call i have one play i think is still worth paying attention to i'll reveal it then we've had a few tough days in this bull market so is your prefrl prernd to handle what's to come? we're going to play am i diversified. and it see if you can handle whatever the market throws at you you've got to be diversified. plus you called in and you stumped me on radnet so tonight i'm turning my homework on the medical diagnostics company. see if it can be a rad investment for your portfolio so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer hashtag mad tw

look at citigroup, look at the beloved qualcomm. take it back to the beginning of the year and load up on nvidia i would. i'm seeing the thesis that i have put out there admittedly early coming through with the stocks that i put in the portfolio to express that. >> that remains to be seen if there is a recession. what's interesting to me, when asked about ai as the investment, only 9% think it is overhyped and a bubble. 32%, too soon to tell. near 50%, near half. 9%. it is tough. >> i am looking right now. i have the trades queued up and ready to go. every time this thing dips down and looks like it will fill that gap, there was an excellent tutorial on gap filling a couple weeks ago. maybe i'm being too stupid, it is the next trade i have to make to start building my position. listen, how do you do this? if you want a 4% position, i am doing 1%. take your time and do not just rush in here and build the position. >> what you think about that? >> i agree with it. we have a 3% division right now. >> was to present before. >> i brought

go to select qualcomm now go to select qualcomm now and get the insuranceow, you can afford. you can afford. >> you save. >> so many people are overweight have it. now and asks themselves, why can't i lose weight? ., the reason is insulin resistance. and they don't even know they have it. they have it. conventional don't address insulin resistance. resistance. >> that's why they don't work. >> now there's release from gold naturally helps reverse.co resistance, stops sugar cravings and releases stubborn ,all while controlling stress and emotional eating. at las t, a diet pill that actually works. go to goal.com to get yours. >> you move. we are obsessed with dogs. it's why our dog joint supplements are scientifically proven to work in six weeks. but the real proof is in the plan. save 30% today with auto shape at checkout. you move active for life. >> june 24th on fs one, the concacaf gold cup is back. i am so excited to champion the u.s. men's national team look to defend their crown as they battle against the best of the best in north america. the confidence, the swagger in

qualcomm was underpinned in previous listings as well.obileye. there have been others in the past. mobileye was spun out from intel last year. not just in this category but in general. it is something you sometimes see with ipo's ahead of the roadshow, ahead of drumming up interest from institutional investors to have the strategic anchor investor to shore up confidence. ed: you are the name on the deal's newsletter publishing this morning. a big focus on all the talk in l.a. and l.a. tech week. caroline and i look at each of these tech weeks in new york, san francisco, l.a., sometimes a lot comes out of it and sometimes very little. what did you learn on the ground? katie: i had fun. [laughter] what did i learn? i chatted with mantis, the chain smokers, the band. they have a venture fund and they threw events. it would not be l.a. tech week without participation from hollywood. i spoke to will-i-am who should be will-ai-am. he has had multiple ai startups. he has a new one and spoke to me about why he is excited about ai, but also how he

the chips pulled way back in the months leading up to this year think about the likes of marvel, qualcomm they're coming out with these new products and they have the growth areas and the ceos were excited about the stocks going up and then they tanked. so why at this point, even though there's been a run-up in the smh is it a bad time to buy in >> sure. >> so we were just in asia last week and digging into the supply chain where products are bought and sold, et cetera, et cetera >> what we found is ai is doing very well, but there's a very thin slice of the market essentially nvidia and a couple of others and the rest of the semiconductor market from handsets to automotive to industrial and several other end markets and data center that has too much inventory is still pretty weak. so hey, we like nvidia and it's doing great, but you've had numbers come down so far this year and we think numbers come down again in a month and a half and you show the chart where you've had the big spike in the semis over the last month, month and a half it's small as far as a driver goes right now let's pu

it's become out in the fall to be powered by qualcomm the investments, probably qualcomm, although i do own shares, met up because they've got that 100 million subscriber thing that i like our users being met a reality labs. the last 3.9 billion dollars on virtual reality last year. and they only put tonight's number him. but n. apple is about to make it a much more real, much more vibrant world, so to speak of note, vr sales dropped 2% last year down to 1.1 billion. that's not quite there yet. but apple legitimize it on monday. okay. maybe we just need more to do once the contents there in the different applications. i think maybe pick up a little more. >> rob, thank you. as always. we're going to chat with rob again come monday. so get your questions and comments in. let them know what you want to talk about. you can find him on facebook and twitter. you got his handles there. you've got his e-mail address to feel free to reach out. rob at rob black dot com. >> it's 9.24 and the fbi says medical devices like insulin, palms pacemakers. even nurse call buttons in hospitals could pote

qualcomm says artificial intelligence related sales will double this year but that will not enough to ward off a slowdown. they say chip revenue may make up 25% of company sales. total revenues are expected to rise 5% this quarter as broadcom's slowest growth in years. the ceo of pelletier says new developments are so powerful he is not sure if they should be offered to some customers. speaking exclusively to bloomberg, he is worried about providing tools to local law enforcement agencies. it would be used for surveillance. >> usually we wait and have to find people, now we have customers in the u.s. calling us every day. >> you say the demand is huge, can you quantify it? >> we had a number of down calls in a year in like a month. we are offering things so powerful that in reality, i'm not sure we should sell this to some of our clients. alex: global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. tom: a round up of the top stories with a check on ai. let's get to the individual

. >> we didn't know at the time when we were in it in 1989 if you looked at qualcomm or cisco, you couldn't say we know this is going to be a bubble you never know it until it's too late that's the sad part. >> if we could, scott, we would all be billionaires. >> yeah. >> i mean, that's the game you can say stock x is too high. i know good investors that are shorting it and then it goes so much higher before it collapses that they go bankrupt before the company. that's the market. that's been the markets for 200 years. let's hope it lasts another 200 years. you have to select that short run volatility if you love the ride, you can play it. if you're a fundamental investor, you have to watch out. >> when i read you a stat like bespoke put out today, only 8 other months has it outperformed the dow by a wider margin. does that make you pause and say what's going on here >> it does first of all, the excitement of ai and the fear of recession which hurts the dow, the dow is more cyclical than the nasdaq. those two things come together and once you have that story, it can go really far. you know,

chips on artificial intelligence to chai nachlt taking a look at nvidia, down 3.5%, microing micron, qualcomm, broadcom moving down to the tune on just about 1.5% turning to one part of the market getting more attention from the investors and that's the ipo side of things gen, it's expected to start trading today, a small offering, expected to raise around $30,000. it follows the success of cava earlier this month, giving inspiration to other restaurant chains to follow its lead. cava down. restaurant stocks have been also at the top of mind for wall street for another reason. they offer insight into consumer spending trends amid stubbornly high food inflation. it's also been a mixed picture for the industry with names like shake shack, chipotle, jack in the box, all up between call it 33% and 80%. it's a different story for domino's pizza, for starbucks, for wendy's, which are negative year to date domino's has shed about 6% year to date. so let's talk more about where restaurant stocks can go with jeffrey bernstein. he's a senior analyst at barclays it's an interesting move we have framed i

look at the smh down 16 basis points, the worst performing semiconductor in the smh once again is qualcomm which has been the underperformer year to date. you have broadcom, amd, micron all higher on the day. the market is clearly shaking this off i think it confirms my belief there will be this putt for not only mega caps but technology. >> amy, you've owned nvidia for a long time. you've called apple's p/e insane those were your words. and you've owned nvidia for a long time? >> i've owned nvidia forever, trading up 35 times revenue. so we've trimmed it all the way. nvidia is a great company. the gains are unspeakbling we're telling clients if you want to make gifts, gift nvidia stock because the gains are so large. it is a data play, not just artificial intelligence but all types of data. scientists were telling us to use parallel processors to crunch this data every time there's a new app, whether it be crypto or ai, nvidia gets the benefit. >> i'm guessing when you bought it the p/e was a lot more elevated than today. >> it was not actually people thought it was a gaming company. and

when we were in los angeles i think the stock, which is very levered to cell phones, both apple and qualcomm -- i mean apple and samsung both businesses -- apple is actually strong. samsung was weak this stock is way too cheap because if samsung comes back, which i think it will, you will pay $120, $125 the answer to me is this stock is a buy i think you can go back and watch the interview. it is the only public comment that he did and it explains to you why i think the stocks by. next one we have a question from jeff who asks what's your opinion on dealing with dead money in a stock that hasn't recovered in over 6 months and does not pay a dividend. this depends on if there is a catalyst it could ignite the stock. i violated my own discipline on this with a company. i'm tortured about it because i don't know what to do. i do feel like if i sell it, the stock will go up this is just human nature i'm talking about it if i don't sell it, though, the stock does nothing dead money as a trampoline is fine dead money that could go to zero is not let's go to david. with oil stabilizing over $70, a

. >> caller: i've owned qualcomm for a long time but i don't know what the future holds for it. >> i do. i think it's time to sell. the stock is sneaking up nice. good place to get rid of it. it hurt me very barred with my travel trust it let me down it could be my fault i picked a stock that didn't do well, but you know what, they're a little complicit, too. what do you do if you're involved with these kinds of crypto outfits, the same thing you should have done with the spacs, ipos, bad meme stocks it's time to get out >>> we've been focused on the home builders. i'm checking in with asac. then it's dell taco tuesday. i'm checking inwith jack in th box to see if it might be worth nibbling at the stock and the last 48 hours have been major for the sec and crypto so i'm going straight to the source to wrap our heads around the situation. do not miss my exclusive with former cnbc chairman tim madison. you won't believe it stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmon

when e qualcomm -- when iqbal khan joined it had a scandal over the cloak and dagger operation. forced marriage of switzerland's two biggest lenders he has been conspicuously low-key. let's bring in tom metcalf. you always bring us the juicy stories and this is a pretty big juicy story. how would you describe iqbal khan's current position? tom: he is kind of in the bank and doing well there as many insiders say and he is likely to be one of the heir apparent's of ubs the acquisition of his old firm is changing the standard a bit. as you would expect, the bank has changed and made its position less clear-cut in terms of being the sole front-runner. now they have brought in some credit suisse talents and lots of other people within ubs who have been given pretty plum roles in terms of how to integrate credit suisse. the question is as far ahead as other people are. tom: we remember the surveillance scandal. how much goodwill does he have left does he have with those current credit suisse employees? tom: we understand there's definitely some tension with some people saying he has b

let's say a qualcomm, a cisco, yahoo! versus what we're calling now the magnificent 7.e ratios are much more reasonable now current p/e ratios they do go u because when we talk about a.i. it's the future possibility. nvidia changed that a little bit and said it's here we can look to it this year another thing i go back to, the difference between then and now just the sheer amount of cash on balance sheets and that's why we're talking about tech as a defensive play because it looks a lot different than it did back then. there's real earnings and billions and many cases hundreds of billions of cash. >> i'm looking right now from 99 what the cash were then versus what they are now. it's amazing but the forward p/es really tell the story. >> yeah. >> the yahoo! one, 620 whatever times forward. >> right. >> really puts it into perspective. >> yeah. that was just the promise, right, of what the internet was going to be. i understand the comparison when we look at a.i., a lot of this is just talk right now in the case of the chip makers, money is coming in the door this year t

. >> last one is for jim is qualcomm a value trap he's been buying at 120 and below. >> i love the question trap is another one of these terms that the beauty is in the eye of the beholder the reason i don't think it's a value trap is because of the cash and the cash flows that are available at the company right now net debt at the company is about $9 billion. and this year they'll probably have $10 billion or so of cash flow they can easily use the free cash flow to start buying back shares and that's what i expect them to do at relatively cheap prices here i don't think it's a value trap when you have this level of cash and cash flows coming from the company. i grade the trade with an a. >> there we go ne oomg rades" are cinup xtn halve time stay with us are asking. is it possible? with comcast business...it is. is it possible to help keep our online platform safe from cyberthreats? so we can better protect our customer data? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can he

the social mediaen giant unveiled its vr headset, the 3, it will ship out with a next generation qualcomm will be released on september 27th during meta's connect conference. i believe apple, whose shares are up about #.33% and hitting a 5 2-week high earlier, has a much more expensive headset that's coming. heir so secretive anyway. >>> senators racing to pass the debt ceiling bill after it cleared the house last night. there you see senator rand a paul of kentucky. -- rand paul of kentucky. he has been one who says he thinks a totally different bill should be put forth. no word on when a final vote takes place, but as the threat of default looms, our capitol hill reporter chad chad pergram has been working his sources to the find out whether the bill will get fast-tracked through the notoriously slow senate procedure. we talk to a policy analyst about which sectors could come out ahead and the ones behind once the bill is signed into law. that's next. >>> and might this be the answer to spotting cancer before anybody else can or any other test can? the man whose lab is aiming to make a

you list qualcomm. >> it has a lot of intellectual property in key areas like mobile part of it is drivencurity, automatic, artificial intelligence processing at the edge so this idea of infusing intelligence and activity into factories, into cars, into agricultural environments, retail environments, all of that intelligence is getting harnessed and able -- the men and women. qualcomm is at the heart of it it's what's enabled them to build a $30 billion design windpipe in automobiles, for exam el. so we see the growth opportunities in the internet of things, automobiles, also content gains in the smartphone market which remains in the near term we do think it's going to help transform our company, which will lead to higher growth and higher earnings over the next few years. >> we've got the run, but very quickly, what would change your mind is there a macro situation that would may you think, maybe hold off for a while? >> i think the main risk, certainly the geopolitics and innovation for me it's on the product cycles more than anything else. >> dan, thank you. we will talk to you soon.

go to select qualcomm now and get the insurance your family needs, a price you can afford.electquote we shop, you save. >> tonight, a bold new line up. first at eight. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only $30 bucks a line per month. that's hundreds in savings a year when you wave bye to the other guys. save hundreds a year on your wireless bill over t-mobile, at&t and verizon. and right now, get up to $1000 off select samsung phones. switch today. we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you ne

the guys are saying, is this really where you want to get in if you don't have it you can look at qualcommrading at 12 times, applied materials, land research, 17 times, and you're going to get some of the a.i. benefits, but maybe not at the high cost i want to hear about their backlog, that's supposed to be significant still for them, which would be a benefit, and with the apple agreement so, i think there's room here, but i would look other places. >> all right, there's a lot more "fast money" to come here's what's coming up next >>> don't look now but the world's biggest company is about to break its own record apple has finally come within a stone's throw of its all-time high so, the $3 trillion question, where does it go from here >>> plus, netflix password sharing crackdown taking center stage at the streamer's annual shareholder meeting. how they're tackling the issue, as well as the writer's strike, ahead. you're watching "fast money. live from the nasdaq market site in times square. we're back right after this. i struggled with cpap every night. but now that i got the inspire impl

negative side, amd down 4 1/2% taking a breather alongside other chip names like nvidia, intel and qualcomm "power lunch" will be rit ba ckgh this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com >>> welcome back time for today's tech check. dropbox unveiling two new ai-powered products today including a universal search bar called dash that connects major platforms like google workspace and microsoft outlook. shares are fractionally lower, though here with more let's get to deirdre bosa out in san francisco joined by dropbox ceo drew houston hello to both of you. >> hello, kelly. thank you. and drew, thank

nvidia and qualcomm trying to break into the space. mobile eye is up 24% year-to-date this morning.w york city on the brink, mayor eric adams new solution to house illegal migrants, the questionable tactics to curb the drug crisis as well, all coming up on the other side of this break. chevy silverado factory-lifted trucks. where will they take you? with the capability of a 2-inch lift. ♪ the versatility of the available multi-flex tailgate. ♪ and the connection of a 13.4” diagonal touchscreen. chevy silverado. taking adventure to a whole new level. what if you could make analyzing a big bank's data... no big deal? go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across clouds, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so they get the insights they need... yup. in real time... check. ...to make quick decisions? check. aaaand check. that's the solution ibm and a global bank created. what will you create? ibm. let's create. your record label is t

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he runs a company called qualcomm, they're in the chips business. thing executive was in washington today, he knew i was involved with this chips act but you know, they wanted to share about this comp nation we're in with china. and the chinese communist party. and something that i'm very keen to is a representative -- as a representative of michigan, as someone who served in president obama's administration, as the chief of staff on the u.s. auto rescue, the initiative that was responsible for saving general motors and chrysler from liquidation and countless hundreds of thousands of michigan jobs and certainly millions throughout this country, we know the meaning of being able to make products here in the united states of america and sell them all over the world. that's the deal. right? that's why the day after the first impeachment of president trump in the year 2019, before the word covid ever entered our verbiage, true story, we impeached president trump, it was really kind of a sad day in this country and we didn't get justice that day, but the

go to select qualcomm now and get the insurance and your family needs at a price you can afford. >> selectquotei i realiz neededf you save. >> hi, i'm sharo.n and i lost £52 on goal. >> i realized i needed to makee a change. when i looked in the mirror and did nopeoplet recognize mys, i saw the goal of commercial and i liked how they weren't cab actors. they just seem like people that they just seem like people that were just happy with themselvee. and had seen the results. since being on goal, i truly feel like i'm back to the best me i can be. try goal. it worked for me and i'm real. >> kelly mccann. any host fox news tonight. you wo and, other sun protection measures, go to fda.gov. slash health. >> american schools are failing, and that's according to a new repor>>> amt. sch middle school test scores are falling faster than any in the past 50 years. parasitic teachers unions.s and left wing administrators have taken over and they don't want to help student haveer and one teachers union executive in virginia defended the learning loss that was associated with remote learning. that wyou those

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the telecom company qualcomm is releasing 84 workers in santa clara, a financial tech company in san francisco, that just turned a profit for the first time is also laying off workers. synapsis was founded in 2014. it provides banking services to customers, but is eliminating 18% of its workforce. that's more than 40 jobs. ceo is blaming the current economic conditions affecting its clients. its platform firms, and it's expected growth. santa clara county's largest union has voted to authorize a strike. the union represents more than 13,000 county workers, including 911 dispatchers. they say the vote sends a message to santa clara county that these workers are ready to take action if the county does not bargain in good faith. there's about. 2300 vacancies in seiu represented classifications alone in critical positions like 911. dispatcher three like licensed vocational nurse, like public health nurse, child protective services, critical areas that help children, families, vulnerable people. we're just bleeding, folks. we can't keep them and we can't recruit them. now, the current con

arm has helped power rivals, including processors for apple's iphones and qualcomm, which supplies itsd the world. haidi: debby wu there on our story on intel potentially becoming an anchor investor in this arm ipo with these discussions at the early stages and ongoing. of course tech stocks including softbank are in focus today pretty we saw usb climbing amid optimism the fed will pause its rate hikes. in particular chips continued to drive the broader upside in the nasdaq. the philadelphia semiconductor index rising to its highest since february 2022. let's get you to the ubs future now apac conference in hong kong. day two, they are focusing on a biontech driven trends. we are joined by sunny lin, semiconductor analyst at ubs. even this breaking story on intel to become an anchor investor in arm, we know that arm is really selling the ipo ahead of the listing by really playing up the potential application for ai. it feels like all roads lead to ai for investors at the moment. how do you frame the immediate and longer-term opportunities? sunny: sure. so, i do think joining ai as a te

. >> even hoc tan does not mention apple, ceo of qualcomm >> speaking of broadcom -- >> no, that waso you because i keep hogging the show. >> how deferential >> is today different than any other day? i don't understand keep drinking. look at that thing cnbc -- >> we don't really know what's in there, just to be honest. >> by the way, there is clearly -- >> you hold this up. it's like, you know what i mean? >> you've got mezcal in there. there's no doubt >> how sweet it is there. really dating myself now to the moon, alice >> that one, i get lot of it's generational with us we're much younger than you are. now i feel bad >> now you feel bad, off all the abuse, now you feel bad? >> what is this, planet fitness? lifetime fitness ventas >> broadcom. second quarter earnings, revenue was $8.73 billion, up 8% you got some positive adjustments in terms of price. you can see from analysts, you can see the stock is up. >> clowns sold it down 33 points last night did they bother even listening to the conference call it does have a.i >> they do >> then why'd they sell it down 33 points, down 50

this is qualcomm a couple of years ago.s all google and microsoft and data centers and gaming. they are in the right space. they have the i.p. it is a question of valuation and sometimes you don't want to fall in love own it make sure you understand the volatility associated with the stocks >> sarat, are there other a.i. stocks that are a good play or safe space with the valuation? >> i don't think anything is safe anymore with the bump you want to look at analytics. in that vain, google uber has been an a.i. company for years. they are not getting credit for it you want to look in there. then a couple of chip companies like amd as well nothing really safe, becky everything has been taken higher maybe when the market does pull back and you can look for high quality companies. we're in the second inning we will see winners and losers it will be interesting and it will be good for companies because productivity will improve. that will help with margins. that is also going to help with valuation. >> sarat, thanks great to see