tsmc and allow them to steam ahead — tsmc and allow them to steam ahead from _ tsmc and allow them tow them to steam ahead from the technology - tsmc and allow them to steamj ahead from the technology and if you _ ahead from the technology and if you lose _ ahead from the technology and if you lose the _ ahead from the technology and if you lose the technology- ahead from the technology and if you lose the technology race | if you lose the technology race and give — if you lose the technology race and give up _ if you lose the technology race and give up on _ if you lose the technology race and give up on that— if you lose the technology race and give up on that then - if you lose the technology race and give up on that then it- and give up on that then it does — and give up on that then it does put _ and give up on that then it does put you _ and give up on that then it does put you back - and give up on that then it does put you back on - and give up on that then it does put you back on a - and give up on that then iti does put you back on a bad setting _ does put you back on a bad

— handed over that pattern to tsmc and allow them to steam ahead — tsmc and allow them to steam aheadose — ahead from the technology. if you lose the technology race and give _ you lose the technology race and give up on that it it put you — and give up on that it it put you back_ and give up on that it it put you back on that setting. they were _ you back on that setting. they were going through this period of trying — were going through this period of trying to recapture this lead _ of trying to recapture this lead and it takes a long time to do— lead and it takes a long time to do that and they were very ambitious to do that which requires _ ambitious to do that which requires good people and a lot of luck— requires good people and a lot of luck as _ requires good people and a lot of luck as well. then suddenly they— of luck as well. then suddenly they lost— of luck as well. then suddenly they lost their main market. the — they lost their main market. the whole emphasis swung from the products they were good at making — the products they were good at making the ones that were being

we're seeing the likes of tsmc and samsung electronics.me of the earlier declines, tsmc's earnings are the direct suppliers for nvidia on a day where we're seeing a real, really, steep drop. that's it for boom blergs that's it for boom blergs markets asia. ♪♪ sandals jamaica sale is now on, visit sandals.com or call 1-800-sandals with so much entertainment out there wouldn't it be great... visit sandals.com ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. america's largest gutter and gutter protection company. leaffilter has over 150 locations and has been installed on over a million homes. we've been protecting homes now for over 20 years. our patented technology offers total protection for your home and comes with a lifetime transferable warranty. the process is simple. give us a call to schedule your free gutter inspe

intel's total headcount exceeds the combined of tsmc and nvidia.d to the pc market and does not match would it has achieved so there is a challenge. intel needs to develop growth drivers. this move in the foundry business step questions. tom: what does it tell us about the future? rob: it's we could see a breakup of business. cost heavy business so will they focus on the design? there is a risk that we see a spinoff and the ai field they still are one of the most competent firms, there is potential to drive new growth. significant uncertainty. tom: thank you. the french telecoms firm is facing pushback. what is at stake for the founder? >> the company has been growing, it has gotten to a point where it has debt with the business not going totally well to a point where we need leverage. tom: ok. how difficult is it to align investors? >> they have agreed to push back but fine-tuning how much would be acceptable because we have regional lenders, others ok with the exception small haircut and then different approach for the ones with debt there is inc

we are supporting a company called tsmc, taiwan semiconductor, to come and build an american factory. other companies like tsmc are also coming in building their own companies nearby and they are developing programs to train people to work in those factories. unions are very much involved and everyone is saying, this is helpful here, we need their help in developing and supplying the skilled labor for this. so that push for economic growth that isn't just kind of the banks are bigger, the people at the top are making more money, but actually is creating good jobs in the middle and in a sustainable way that then those jobs create more jobs, is the kind of growth that i think we need a lot more of. host: a break in georgia, republican. you are next. caller: thank you for taking my call. this question is asking i believe, mr. cass is kind of the right-leaning guest that you have on this discussion. my question to him is, if he could simply discuss the disaster that would be the caps on unrealized capital gains. guest: this is a really interesting issue, which is that if you have somebody

with the biggest gains in the home of semi conductor giant tsmc. that is raising fears some may be left behind. >> there is a worsening of income distribution across the board. and i don't see any measure to improve this at the current juncture. it is not sustainable because the next generation will not be able to do this. >> taiwan's government has set ambitious growth goals. with gdp per capita set to surpass that of south korea next year. caroline: bloomberg news. now more on geopolitics. china's top tv maker says it will not announce a major plant investment in mexico until after the u.s. election. this as shifting american policy forces global businesses into wait and see mode. let's get the technology investor's reaction. anna rathbun is with us. this is a theme. more companies feeling a lack of clarity from the u.s. right now. anna: yes. it is a bit unusual to be this far into the election cycle with the election actually just around the corner, especially if you account -- if you count voting not at the booth, early voting. to not have any

tsmc achieved production yields at its arizona facility, on par with established plants back home.indicator that its u.s. project is on track to achieve its targets. that is according to a source. tsmc said it started engineering production in april with advanced 4-a nanometer process technology. we have been tracking their progress. i think we should go back to what is happening in markets, and basically since we got those comments from waller, bonds have rallied, and despite a moment of relief the story is still equities under pressure with that pressure coming from technology, i think. caroline: if you are looking at some of the key points drags, on the s&p it is no surprise. nvidia dragging us down by 14 points. we've got broadcom dragging us lower. then the who's who of the magnificent seven, no wonder you are seeing such a pressure across the board on the benchmarks. this has been an ugly week more broadly. the nasdaq having its worst week since 2022. ed: we are quick, bitcoin continuing to slide, down more than 3%. good job getting that up, guys. i went a little bit robe the

intel uses tsmc in their chips right now.hing like that provides a more certain path forward as opposed to what it is today which is we are going to build a foundry business and it will take a long time and getting back to intel's plan, get back to what used to be acceptable levels of profitability which happened in the latter part of the decade. >> what do you make of the news of abu dhabi or taiwan or samsung and what needs to happen with the u.s. and china for us to feel comfortable trying to diversify out of taiwan. is uae the right place? >> obviously, if our building facilities and some in the uae attraction there is probably give me money to do that. what we're seeing in semiconductors right now is a race. we woulant the chips on our soi and provide subsidies. >> chris, we're having a debate over steel in the united states. the question is if we are not allowing a japanese company to own our steel companies, why are we doing it this way unless you think there is no other alternative? >> there is. obviously, uae is one

it from a founder's perspective, tsmc and samsung. two other foundry manufacturers trying to reach that goal. from the product side the peer landscape wouldn't change significantly. vonnie: what happened? will intel still be the powerhouse when it has done all of this that we once knew and loved it as? will it be the leading provider of certain chips? kunjan:wins like this, if we see them happening much more frequently will definitely boost the confidence. again, from a fundamental perspective i think that slowing growth and profitability is expected to say at least -- to stay at least for a year or so so we don't expect any immediate turnaround there. but any help weather to liquidity, rewards, investments, and slowing down capex on the foundry side and at the same time locking in more customers should help the foundry roadmap. vonnie: what should we expect to hear next to? there should be another announcement soon. kunjan: i hope so. a positive one, i hope. vonnie: kunjan sobhani that's kunjan sobhani -- that's kunjan sobhani with b

ed: tsmc's suppliers say ai demand is here to say, dismissing concerns over fatigue. >> from my personalective, this booming of the ai industry just begin. there's a lot of application. ed: for more on the markets, kristina hooper, we are learning one single session a market does not make, but where do you go? we have important data and we are thinking about the fed. what do you first think of when you wake up? kristina: it's important for investors to recognize they have a long time horizon. it's important not to be too reactive. valuations are high. when stocks are priced near perfection, we are likely to see jitters. one of the overarching concerns now is fear it cannot continue. that we won't see companies continue to spend/invest on ai. that's probably more fear than reality. investment in productivity, enhancing areas has improved productivity growth. companies recognize. i believe the risk of not investing is greater than the risk of investing. that might not calm investors today. diversification helps. we are likely to see volatility but that does not mean we won't see gains over

property hit a record high with the biggest gains in the home of tsmc.sing fears. guest: worsening of income distribution and i don't see any measure to improve this. parents take the brunt by helping their kids but it is not sustainable, the next generation will not be able to do this. annabelle: taiwan is seeking a $1 trillion economy with gdp surpassing south korea next year. annabelle droulers, bloomberg news. tom: let's bring you jamie, investment director at aberdeen. i want to look back at earning results. the earnings beat and outlook was more upbeat than suggested but the stock sold off. the take was the ai bubble is losing air. would you agree? jamie: yeah, i -- i -- i -- i challenged whether it is a global. i think it is fair to say earnings season has been mixed and nvidia fell in that bucket where you had good revenue and weakness in gross margins. those kind of misses are going to be punished and there is a bigger story, fundamentals driving tech. the difference between technology and the rest of the market converges next year. how -- tom:

tsmc and samsung have discussed building new factories in the uae to satisfy demand for ai computing.treet journal cites sources. they have visited the uae to discuss operations. they are aiming to become a regional hub and testing ground for ai. you on most social media platform x has agreed to comply with court orders in brazil. a judicial filing shows x has appointed a legal representative. sources say its accounts -- it could end a clash that resulted in multimillion dollar fines and a ban. we are keeping an eye on stocks in china. gaining on the back of a share repurchase plan. chinese liquor maker shares rising. the repurchase plan is a positive surprise. up .6%. we have them up by 2.5%. elevated cash return likely to attract more long-term investors in what is a volatile market. we are also keeping an eye on asian uranium as well as nuclear shares. nuclear energy stocks higher after coast alicia energy said it expects three mile island to go back into service in 2028. that company out by more than 6%. surging. asian uranium nuclear shares gaining on that three mile island plan.

tsmc and samsung discussed building new factories in the uae to satisfy soaring demand for ai computingwall street journal cites sources saying executives have visited them recently to discuss new operations and the middle eastern nation is aiming to become a regional hub and testing ground for ai. elon musk's social media platform has backed down and agreed to comply with court orders in brazil. they have appointed a legal representative as required and have blocked accounts accused of spreading hate speech and fake news ending a clash that resulted in a million dollar fine and a ban on the platform. later today, in focus in the u.k., euro area pmi out of the euro zone. we will be focused on the labour party conference. on tuesday, it is the german business climate survey, so another test in terms of the challenges facing the german economy. we will get an indication as to how the business community is feeling. and the united nations general assembly starts wednesday. covering that with the focus on the conflict between ukraine and russia and israel and its continuing conflict with hez

on the tech story, tsmc crossing monthly sales for august year on year up 33% for the company behindficant foundries based in taiwan elsewhere, turning out ships with nvidia and apple. august monthly sales year on year up 33%, we bring you more details if and when we get them. one area mario draghi's urging europe to be more competitive is technologies. clearly lagging behind the u.s. and china. it comes as commercial uses of generative ai is transforming a wide range of industries. my next guest, which is all of this very closely with the eye to the future. head of the global thematic research team at bank of america global research. i'm great to have you in the studio. let's get to that question to kick things off on the gap that exists between europe, the u.s. and arguably china, when it comes to technology, particularly generative ai, how wide is that gap, how much of a challenge is it? >> this is a revolution, 18 months ago the world has changed again, and we are big believers that generative ai will be as big as a smart phone, and this is american technology. the companies that

rags saga, it started a few years ago and went into a loss leadership and handed over the button to tsmcology and if you lose at the technology race and give up on that, then it really does put you back on the bad setting there, so i think they were going through this period of trying to recapture the lead. this is a longtime scale, takes a long time to do that, and they are ambitious to do so which requires good people and a lot of luck as well and then suddenly they lost their main market, when chat gtp hit the headlines a couple of years ago, the whole emphasis swing from the product they are good at making two ones are being made by their competitors, nvidia and amd, so is only they are coming from behind in technology but with no market to support them, and that is not a good recipe for success. it is interesting because as he is always the case when these rumours swell, other stories come to the fore, so bloomberg reported the us—based asset management company apollo global management have offered to make an investment in intel, as much as $5 billion. that may be more attractive do

that at least is the view of major equipment supplier to tsmc in taiwan.eo of scientific spoke to us in an exclusive interview. >> were lucky in the ai industry, would benefit from the equipment that we build, the process that we developed to enable ar processes. our investors are very excited for the potential company who can really contribute in this industry. >> what is your outlook for demand for your equipment toward the end of this year, but next year as well? >> it will be substantial for the next few years. the increase will be much higher than ever before. >> can you give the number? >> it will probably increase two or three times a year, it is possible. >> do you see any risk to that outlook? >> from my personal perspective, this booing of the ai industry, there is a lot of application, that's why some time ago, saying the global market of ai will reach 100 trillion at some point in the next few years. >> we are seeing a lot of taiwanese companies that are choosing to expand abroad. do you see any sort of concentration risk from choosing to focus

are assuaged by jensen huang because he says the demand is strong in the blackwell is on its way and tsmct manufactures the majority of their chips are doing a great job. off the back of that, the share price reacted strongly with the biggest jump in six weeks, and we saw that feed across to others on wall street. today you can see some names in asia and that strong move higher. tom: meanwhile, we have reporting that some of the valuations and one of the biggest customers, because they trade their models on the clouds provided by the hyper scalars. what do we know about the valuation and where openai stands in this sector? annabelle: valuation is strong, that is the key thing. we hear from sources that openai , the creator of chatgpt, is looking to raise $6.5 billion in equity financing, that is at a valuation of $150 billion which cements its status as one of the most valuable startups in the world and is a huge jump to where we were a few months ago. $86 billion is what we reported in february when they completed a different round of financing. now at $150 billion instead. we are hearin

chip names, a bit of a mixed bag where the south korean won are seeing a bit of weakness and selling tsmcckdrop of what we've seen in terms of the tech sector rebound overnight. let's bring in kiranjeet kaur, associate research director at idc asia-pacific. your thoughts on this apple event. in terms of some of these changes, they seem pretty minor. >> i think this event was not so much about the hardware upgrade but to show apple's intent on what it wants to do with artificial intelligence and have generative ai. in june we saw at the wwdc announcements apple made regarding genai on its devices and this event was more about showcasing what the new iphones will have in terms of those features. some of these features are not going to be there at the lunchtime -- launch time. in terms of language support, i also believe it is -- the english language dialects get it first but the rollout to more language will happen later next year. overall i would say the event was not so much about hardware upgrades, but we did see a couple announcements in those cases. for example the side button for the

hit a record high in march with the biggest gains in the city of the home of the semiconductor giant tsmc's raising fears some will be left behind. quakes there is a work in it -- worsening of income distribution across the board. i don't see any measure to improve this at the current juncture. parents take the brunt by helping their kids with the apartment and not sustainable. quakes taiwan's government set ambitious growth goals, seeking a $1 trillion economy by 2028 with gdp per capita set to surpass that of south korea next year. annabelle droulers, bloomberg news. paul: is the chip industry paid -- faces the prospect of more tit-for-tat, one firm says the solution is expansion, global wayfair's is the world's third-largest provider of essential materials for making semiconductors. chairperson and ceo spoke to us about plans for funding from the biden administration signature chips and science act. quakes $400 million for our two expansions in the u.s., one in texas, which is for 300 events in profit. our soi 300 meter soi operation in missouri state. also, these two products together

when we talk about the taiwan markets, it's all about tsmc, the biggest company dragging down the tyex given it's got a 30% waictsing, falling by 5.4%. back to you. >>> it nvidia closing down 9% after yesterday's session, taking the entire chip sector down with it. cnbc's senior technology reporter arjun kharpal joins us with more from london on the market. how important is this for the stock in the coming days ahead? >> incredibly important, dom. we saw that and the knock-on effect we saw across the world. it was a record-breaking market move yesterday. let me run through some of the numbers for you. nvidia's 9% fall equated to $279 billion of value being wiped off this stock. this was the biggest one-day market capitalization fall for u.s. stock in history. the previous record was actually held by facebook's meta in february 2022 when it saw $232 drop in value following a 26% fall in the share price after a downbeat result on that day. for nvidia, one focus is the report from bloomberg, the department of justice has sent subpoenas to nvidia and others as part of an antitrust investig

also, of course, when we look at taiwan markets, the big giant there, tsmc, it is a market leader by market cap, 30% waiting for the tyx. in the south korean market it's a very much similar story. we said the kospi had turned negative after the falls there. really, today, the two that we do watch, samsung electric and sk hynix, these are numbers one and two with the market cap when we talk about the kospi. we're seeing power grid, software, iowai-related plays, they're the worst. particularly sk hynix falling the most. it is a key supplier to the u.s. giant. so getting hit hard. the overall story when we talk about asian markets is it is a day to forget. certainly a lot of issues in terms of the data on the one side, the seasonality, and, of course, perhaps overinflated evaluations as well. arabile, back to you. >> lin, very comprehensive. there are so many parts to it. thank you so much for clarifying a lot of it. it was based off the u.s. market picture, based off the economic data. we'll give you the details on the ism in just a moment. but really look at that market then. going d

commentary from the nvidia ceo some of the names in the asian trade with samsung closing higher by 2% tsmcp by 4%. tokyo electronics up almost 5% on the back of the comments. we are seeing an important rebound also in the tech space because let's not forget the pressure on that sector as we saw it at the end of last week let me take you to u.s. futures before they open on wall street. it will be a possiblitive starto the trading sessions over there. all eyes on the job numbers at 8:30 a.m. eastern time today investors are digesting with the latest cpi print which indeed seems to put an end on the debate among investors whether we will get 50 or 25 b-basis pot cut. definitely the probability on the 25-basis point camp. we will find out next week >>> as america goes, so goes the world according to barclays. it expects a softish landing for the west the lender highlighted the u.s. election as the key focus saying a second trump presidency could trigger a global trade war head of economics research at barclays joining me for more >> good morning. >> looking at the report, you are highlights qu

she's made other big awards, totaling more than $20 billion, including to one taiwan-based tsmc, and south korean company, samsung, to make the world's most advanced chips in arizona and texas. raimondo is also spreading her largesse elsewhere in the country with another huge initiative, the internet for all program. we went with her to a corning factory in north carolina, the world's largest manufacturer of fiberoptic cable. >> you're looking at fiber on these spools, all different colors. what's inside of there is actually one of the most precise products ever manufactured by man. >> wendell weeks, chairman and ceo of corning, is expanding production to make some of the 10 million miles of new cable that's needed to connect the 24 million americans living mostly in rural america, who don't have access to high-speed internet. and under prodding by raimondo, he's investing corning's own capital to do it. >> we invested another half billion dollars and doubled our footprint for the u.s. >> when you're spending all this money to connect, you know, small numbers of people, who live mile

our domestic chip-making ability, create in a sense a national champion to rival that of taiwan's tsmcif the u.s. were to feel that intel was faltering in there, they might be encouraging of such a transaction. and then, there are other questions, which is broadcom. you know, i can go back a couple of years. qualcomm, at least, had some interest in intel. broadcom has. you know, if, in fact, they were to go into sale mode, then it would be interesting to see who else emerged, but again, right now, you've got to put the chances of any potential transaction as very low. that always can change. oftentimes, deals like this, we say, no, there's no way, because it is such a small percentage, but you know, you can get momentum. it's unclear to me whether there's any momentum here as of yet. >> what about this potential investment from apollo? you see that report too? >> i did. that was a bloomberg story. it's interesting. apollo, of course, has already partnered with intel in one of their fabs, the same way that intel has partnered with brookfield, which goes, of course, to the constrained po

note today they believe that semiconductors like nvidia, broadcom and tsmc remain the biggest beneficiarieson artificial intelligence. we sort of already knew that but we think that trend continues. just looking at the price action nvidia up 13% from that dip earlier this month the average wall street target on nvidia, $148. i would point out, shares are trading at $120 and change >> appreciate that real quick to you, bob semis have not traded well of late that's one area of concerns in this market. >> we'll see micron could change that that's going to be out on wednesday. of course, that's in a very specific space, the memory space. not necessarily the same space nvidia works in. just the fact we've had this dip in semis and the market is sitting at new highs shows you the rally, the rotation that goes on. some days we see consumer stocks -- consumer staples do better, health care and defensive. tech tends to rise you get this beautiful rotation going on on a -- semis is down but that's not an awful chart. that's consolidation to me that's side ways from the last month or two. >>> steve ko

taiwan, you would have 92% of the world's most sophisticated chips are made by one taiwan company, tsmcespecially because the other 8% are made in south he korea which could also be threatened by china at the same time so that is a death sentence for the global economy but it's really just a question also of confidence. there would be in no confidence in american leadership to protect its friends and allies so it would affect not just east asia but all of our friends and partners around the world. cheryl: liz peek, this is an economic story and this is china and this matters. >> gordon, good morning. i spent time yesterday with a pretty senior u.s. ceo who spends a lot of time in china, in fact was on his way there and is telling me that senior economics people surrounding xi are beginning to pressure him to do something because the economy is truly in free-fall. there doesn't seem to be any measures on the table to make that better. and what worries me, gordon, is when xi gets under pressure the economy, he doesn't have a clue about how to change it, that he lashes out. i'm not so worr

and the only way to intercept them was to have, to have the patriot system or tsmc air defense system because they are the only one capable of intercepting ballistic missiles. so i didn't know how many more tragedies like this have to occur for all promises to be fulfilled and for all new commitments to be made. >> so obviously you're waiting for more deliveries, but you've also said the weapon because the eu actually have you need to be free to use them into its full capacity. the head of the eu foreign policy agrees with you. it says otherwise these weapons or useless. you said that you are fighting with your hands behind your backs i know that you have sent a delegation to the united states to the administration. where are you on trying to get these restrictions? and then mostly from the united states lifted well, my impression is that we are facing last mile problem and i record my mind on how to how to cover that last mile the decision the capacity of ukraine to strike military targets deep inside of russia diminished, the russian capacity for error attacks on ukraine, laced with

side is far ahead of everyone else, and then on the manufacturing side where tsmc is really the leading foundry to the world and has been for quite a while. so you know, does intel want to be number one in ten-plus years? i'm sure shareholders would like to hear that eventually, they like to plan to get there. right now investors really want to hear that there's a way to get to viability in the foundry side with solid customers there and to really keep -- keep things going on the design side as they try to balance up the business, if they're not going to separate the two which gelsinger said he does not want to do at least to this point. we'll see what hear me has to say. >> we'll be watching "overtime" this afternoon. >>> the dow hitting a high of 41,572 in what's normally a tough month, september. with the uncertainty of the fed decision looming, mike santoli joins us in the nyse with more on what we have to describe as rather bullish optimism here in a month which is usually not such a pretty month for stocks. mike? >> yeah, tyler. at least an attempt to look at the glass is half ful

so foundry, the next tsmc in ai chips and they've spent immense amounts trying to be the next nvidia.both counts because they are way ahead of them in each of those markets and the path to rebirth exists and it's got to be less ambitious and they said wooe not going to be number one anymore and it's okay to be number three and number four and if they can do that there's a path way back and i bought at 1898 or whatever it was for $19. it's in my portfolio and so is nvidia. you have two ends of the same industry group with my portfolio for very different reasons. >> i thought we can't, but if i could, intel, walgreen's and starbucks, and i think i'll go with starbucks because i'm that big of a fan. get rid of a fan girl and i want to hear it from you straight. tell me, is he going to make a difference there? >> the story line for starbucks was the coffee shop experience where people would come in and hang out and get cappuccinos and talk to each other and that was the original howard schulze and now you walk into a starbucks and you see 20 people waiting for online orders and three peop

national championship to compete with tsmc? vijay: very good question. 10 years at the least. intel first has to be its technology leadership, and then they have to prove that technology leadership. that is leadership that is earned, not something that is given. there are some challenges there. they definitely have to get ahead of tsm but also be price competitive. there are challenges. tsm is based in asia, have access to much cheaper labor, more qualified and labor in many cases as well, versus much higher costs in the u.s. there are some challenges there. we think it could take a little bit of time. jonathan: i understand this may put you in a compromising situation, but are you surprised there has not been a management change at intel? vijay: the ceo has his challenges. he has been there three years plus, so there is some investor concern around. the board has definitely stood by him. the continuing challenges definitely pose some concerns for management. i think investors are definitely in that docket, as well. jonathan: we appreciate as always, vij

tsmc does manufacture 90% of the ai chips.eding at a supply crunch over the past couple months and look for more on that. no semis reporting this week we will read the oracle and adobe tea leaves. there has been talk of rotation out of chips into software. take a look at this chart. software stocks did decline following the weak jobs report it's outperformed chips and broader tech. we'll watch to see if that continues with two names reporting this week. >> thank you very much for that setup. >>> still to come it is day one for tarbucks' new ceo brian niccol. the issue he needs to fix, what it could mean for the stock. we'll talk all of that next. stocks in rally mode today, technology, though, at the top of the list. names like nvidia coming back. intel rebounding 3%. we're off the highs of the day so far, but still going strong. we'lbeig bk.l rhtac (man) these men of means with their silver spoons. what will become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash? ♪ they wo

. >> tsmc making 5 millimeter nano, whatever chips already. that's needed. critical, right?t. what is it 75% of manufacturering have under 20 employees. right? there's like 4,000 companies that have more than -- manufacturing companies. donald trump is trying to come in with a hammer and say, you're the nail. i'm going to hit you with a 200% tariff john deere. kamala harris saying give you incentives to manufacture more. which is going to work better with companies? be underherb neeneath a hammer? chinese competitors, their chinese competitors are less expensive than john deere. not so easy. saw what happened with carrier, right? in 2016, you move down tax you more. 35% tariff then. carrier did, they gained the system. right? just fired different employees. >> do you think any of the 40-year highs in inflation are attributable to price gouging? do you care that that is the entire premise on -- >> no. you're misrepresenting what she's saying, joe. >> watching her ads now. you've seen the ads? >> of course. >> bring down -- >> prices -- >> what do you think caused the 40-year

they make and assign themselves but they are manufactured by tsmc.isk when you look at facebook that people are really trying to weigh in some of these geopolitical concerns. the financial times front page, talking about seal team six have , for over a year, been training on how they could help taiwan if there was a chinese invasion. jonathan: there are multiple dimensions to that line. that's one. here's another. the market ran with the idea that this was all about demand, things are great by the stock. i wonder how much of that was around how some of these chips are being supplied to certain customers and whether he was giving us insight into the relationship with customers and maybe some of the complaints being made in washington, d.c. lisa: the sense that maybe they are worried they won't be allowed to sell some of the chips or provide them this concern about getting ahead of some of the regulatory changes to make sure that is the case. if they are going to be in the crosshairs, the bottom line is the fact demand is so strong. jonathan: some of t

nvidia outsources all the production, and everyone in the gpu space right now is going to tsmc for thatews yesterday, the stock was already falling. what do you think was the catalyst for that? what was driving this? wax valuation paired we talk about it during earnings. you really need to see the estimates going higher. if the estimates are going sideways, that is not enough to sustain these multiples. nvidia was trading at over 35 times forward p/e. that at those valuations, you better see your estimates keep going higher. the way they guided was a little conservative on the black site, delays, now this antitrust. these are incremental -- on the blackwell side, delays, now this antitrust. jonathan: seeing a stock this size move like this, 200 $80 billion of market cap in a single day -- >> the way nvidia has grown its market cap, nothing short of phenomenal, where they came from $1 trillion to $3 trillion, there was not a lot of time in between. with these 1, 2-day moves, their sharp moves. still not that big. a $3 trillion market cap company, you would expect it to be more stable lik

in north phoenix, tsmc will soon begin producing the world's most advanced semiconductors by the end of this decade. and in chandler, intel is building its largest manufacturing complex which opens next year. it will churn out semiconductor chips at a time when america needs a secure supply more than ever. it is critical for our national defense. make no mistake, these projects are being constructed in compliance with federal, state and local environmental regulations, protecting arizonans' clean air and water. in fact, we have worked in partnership with semiconductor giants to invest in water recycling and reclamation projects in record numbers. but because these projects are benefiting from the chips act, many companies must now for the first time complete a secondary federal environmental review that could slow or even stop construction for months or years. this bipartisan bill, led by senator mark kelly from arizona on the senate side, which streamlined that review process to ensure these fabs can be built on time so we don't lose a single day in the global semiconductor arms rac