ray wang on that. ng can happen ♪ known as a passionate artist. known for loving the outdoors. known for getting everyone together. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer. fda-approved for 16 types of cancer, including certain early-stage cancers. one of those cancers is triple-negative breast cancer. keytruda may be used with chemotherapy medicines as treatment before surgery and then continued alone after surgery when you have early-stage breast cancer and are at high risk of it coming back. keytruda can cause your immune system to attack healthy parts of your body during or after treatment. this may be severe and lead to death. see your doctor right away if you have cough, shortness of breath, chest pain, diarrhea, severe stomach pain, severe nausea or vomiting, headache, light sensitivity, eye problems, irregular heartbeat, extreme tiredness, constipation, dizziness or fainting, changes in appetite, thirst, or urine, confusion, memory problems,

i spoke to tech analyst ray wang of constellation research, and asked him what he made of meta's soft outperformed in their results, but the challenges, ai is really expensive when it turns out you're off by a couple million dollars, almost $5 million in costs to ramp up alto compete, and that's really the challenge here. the fundamentals are there, they are showing that the ad business is backed 2.4 billion daily active people and they've grown sales and marketing costs, in general they are doing very well, and ai is very expensive so in only a few players can play. this is a blip, people are overreacting by selling meta shares, it's going to create that efficiency. ai is the big theme here, the magnificent seven including the likes of google parent as well as microsoft and nvidia, they are always reporting this next week as well, so who are the winners and losers in this ai race? double digit growth and monetisation models that are winning, so meta, amazon, microsoft and nvidia have it, declining revenue of growth, apple and tesla are falling out of favour, the mag seven being becom

maria: r ray wang joining us.ction about his pulling. >> florida is in play nationally. florida congressman carlos gimenez is here with how floridians are feeling about the president's chances coming up. stay with us. ♪ (♪) (♪) (♪) (♪) (luke) this will be a gold mine of local intel. (marci) so, tell us about this corn festival. (stylist) oooh you got your corn pudding... (marci) so...is it safe around here? (stylist) sometimes. [luke gasping] (marci) no eyebrows? (luke) think of how light it'll feel in the summer. we gotta run. eleven thousand more neighborhoods to go! (vo) ding dong! homes-dot-com. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i

ray wang with me the morning. ray, you follow big tech. the impact of israel's strike and the market reaction on big tech stocks? >> you know, we're not seeing a big with reaction right now. i think overnight there was some scare of what was going on. there's been a minimal reaction especially looking at cybersecurity and especially looking at security or stocks and security companies that are based in israel and development centers there. but overall a, there hasn't been as much negative if impact as people have kind of cammed down and realized -- calmed down and realized this was not a major strike, and people do not think it's going to continue to escalate. stuart: we have had some impact which, i believe, has moved to well above $2400 an ounce, but that's a traditional a safe haven. look at it now. i'm sorry, look at a it. it's now below $2400. there's a pullback there. i guess the market is credit carding this is not the -- concluding this is not the start of an all-out war, right? >> i agree with you. we also see bitcoin prices stabi

ray wang is chairman of constellation research based in silicon valley.estors have overreacted to the weaker than expected forecast, and the amount meta is spending on al, and they should be patient. they are doing really well in general but ai is expensive and only a few players can play. but people overreacting selling facebook share is should probably come back because what they will see as ai will create they will see as ai will create the exponential efficiency. well, meta boss mark zuckerberg has been speaking to investors after those results came, trying to calm nerves. he said they have got �*more optimistic and ambitious on al since the last earnings report'. but he warned that �*building the leading ai will be a large undertaking and will take several years�*. he also said they will need to �*grow investment meaningfully before we make much revenue�* linn frost is managing director of the social element, a global social media agency. welcome. are you in agreement with mark zuckerberg and with ray wayne that we need to be patient here? i ray wayn

let's bring in ray wang. ray, how are you in good to see you.nvidia which, of course, was pushing the whole a.i. agenda front and center. what is happening with it now? if i mean, how is -- is nvidia still a buy from your perspective? it's one of the few stocks up right now. >> it is. and after the earnings announcement if from meta, you realized they were going to spend billions more on a.i. which means more chips, more investment in nvidia. and we may hear more about that between google and, of course, what we hear on the microsoft side later today because we're going to see they're also a investing more into a.i. and that basically means -- [inaudible] and that means nvidia a wins. david: now, adam just reminded us what nvidia's doing with a.i. is different than what meta is doing with a.i.. however, do you think zuckerberg in any way feels challenged to compete with nvidia or are they separate in their own lanes? >> adam's absolutely right, tear two different things. nvidia basically provides the chips, meta if uses the chips to actually mak

joining us now ray wang, constellation research founder and chairman how are ya >> doing well.k. amazon and apple what's riding? what happened? >> the apple sign decline in visionpro but a good india story and hopefully a.i. story emerging before worldwide developer conference cons, might see drops in phone sales. china, regulatory, headwinds hoping on them margins expected up. the a story is the one holding them down. they think that's what people are looking for. forecasting about $94.6 billion. >> ryou're right at&t said the same holding off upgrading. you're getting that, too >> checks from that as well as suppliers. people are worried about a slower quarter on iphone sales overall. people are hoping developments, would go their way into, like a worldwide developer conference and announcement plans in the next weeks will start sharing the a.i. story rumors about how gemini and microsoft, google and gemini will be a part of the generative a.i. piece in the next set of os and affecting the stock. >> amazon? >> cloud business doing great. ads great. a capex benefit investing o