joining us now to discuss this is chris rowland, senior semiconductor analyst at susquehanna.eal. it's a $5 billion deal and nvidia has such a massive lead with regard to perception, sentiment? balance sheet versus amd. is a $5 billion deal going to be enough to put them in the same conversation? >> this is not going to be enough, but this is a step in the right direction and it's a recognition by amd that we're really moving from chips to systems and they're woefully behind nvidia systems development like dgx like we see there. this is a step in the right direction and a catch-up play from amd. >> is this going to be enough of a catch-up play where amd can get close to the same kinds of returns that we've seen medium to longer term than nvidia. i guess, in other words, i would just ask, could nvidia be the amd story or the amd and the nvidia story of the next five to ten years? >> amd could be, but nvidia has such a lead here, particularly in the software and in kuda that it's unlikely, but amd can have a piece of the pie here overall. we think they could ultimately have ten

of course you're probably aware as you probably are likely crossed the south bridge across the susquehanna river. with a big construction project there, bipartisan support in which is to encourage your continued attention and support of that. i want to turn to the electric vehicle market. as you can imagine seems to me the industry is a bit of a tailspin, and the government funded ev bubble appears to be deflating even though we're subsidizing billions of dollars. the fact of the matter is 98% all the cars on the road today traditionally powered. 87% of the annual car purchases are traditionally powered. i know you're likely to talk about the 7% share of new car sales being evs but the truth of the matter is if allies the fact records of those car sales are used vehicles which are easiest and the cost of the screw every silva as the cost is higher. driving the cost of traditional sales, vehicle sales higher. the energy information administration has found the use share of electric vehicles dropped in 2024 and the context is tens of billions of dollars being showered down on the industry an

the only silver lining from official ss that the mighty susquehanna that you see behind me there, notted to flood. powerful, relentless, and slow moving. debby still wreaking havoc. the storm strengthening after coming ashore a second time thursday. overnight, houses flooding in south carolina and a possible twister in rocky mountain north carolina as debby is now poised to bring heavy rain and more possible tornados to the northeast. new york city workers checking pumps to make sure subways don't get flooded. >> we should have a smooth transition to the storm with no issues. >> reporter: debby has been deadly claiming at least seven lives. it's also been destructive, spawning multiple tornados including one in lucama, north carolina, that killed a man. the threat of tornados remains high in north carolina and virginia along with the risk of flooding. >> this storm is unrelenting, and it moves slowly. we still haven't seen the worst of it yet. >> rescuers saving these children from a fast moving creek near raleigh after one of them called 911. >> it was very scary because i -- the wat

all right, let's move on with more on nvidia, and bring in susquehanna's chris roland. let me get your initial impressions of the numbers that we've seen, of the guidance that we've heard, of the discussion that you've just been listening to, and then i'll follow up with a question. >> yeah, i think the group nailed it. we have been used to big beats or, at least 1 1/2 to 2 billion on results and guide, and this was a little shy of that. so, that is the market reaction here. i think the blackwell delays were very well-known. i don't think there's nothing -- there's nothing there out of the ordinary, and -- >> not worrisome there? >> no. and, in fact, i look at this softer guide as perhaps a positive, because if blackwell was in the october quarter, they would have beat handily. >> why has the reaction been -- this is not the question i intended to ask, and i'll get back to it in a moment, why has the reaction been sort of moderate, as it has been? because the options markets were looking at 10% plus possible moves. >> yeah, i was surprised by that options paradigm. we w

an alternative arrangement, which is to have troops disembark at perryville, up on the up on the susquehanna. and they they go by steamboat down the bay to the naval academy, which has been taken over by the by the union. union under the command of ben butler. and the troops disembark there. and then they they go by train to washington. so this is what i call the water route, which i think certainly. avoided further hostilities in baltimore, which i think would have been would have been a terrible even worse than would happen in the 19th. so i mentioned the legislative session. on april 27th. i'm sorry, 26. governor hicks finally called the legislature into a special session. they did not meet in annapolis, which was capital of maryland. now, of course, they met in frederick in western for several reasons. maybe we can talk about during the question time. they met in frederick, which was a much more union friendly area. and lincoln instructs general winfield scott, the chief of the army, not interfere with the legislators. he says basically, if we interfere with them and we detain them, we r

joining us now is susquehanna cohead of derivative strategy.ing compares to prior quarters for nvidia? >> well, you know, it's one of the most actively traded earnings you're ever going to see. there's a little bit of everything. if we were to pull out one trend, it would be selling putsputs on the downside. some people have missed the nvidia rally. they are willing to buy on a dip and one way to represent that is to sell puts on the downside. like i said, you see a little bit of everything and something that trades as much as nvidia. that would be one trend i could pull out leading into earnings. >> how do investors typically utilize options here? is this something where they hold exposure to the shares themselves and then use options to hedge, or is it -- is it fair to read this as a directional bet per se, or is it more of a kind of piece of an overall portfolio construction looking at nvidia? >> a piece of the overall construction. i would say that it's a great situation for options liquidity when you have something that trades as actively