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people keep thinking they'll do the deal with google. that was supposed to happen in seven days, and hasn't happened. i don't know what's going on at ap ul. i continue to say own it, don't trade it. we need a phone that has ai in it like samsung. >> you just wait for the leaks to come out about june 10th? >> yes, you have to. i know it's tough. i know there are people who say why should i hold this thing. i think it should be held. i have great faith in tim cook. >> there is a bold case not embraced by that many, but i did run into one yesterday, significant holder, everybody is underestimating apple and siri. they're going to come with a cycle that blows people away. i'm looking at my notes here. >> siri has got much more -- >> by the way, apple has your location and your text messages. they can use that for training their ai don't underestimate what they will do once they do it. >> that's why i say own it, don't trade it. you don't know what they're going to release. you know siri, from the people i deal with, siri is going to be far m
people keep thinking they'll do the deal with google. that was supposed to happen in seven days, and hasn't happened. i don't know what's going on at ap ul. i continue to say own it, don't trade it. we need a phone that has ai in it like samsung. >> you just wait for the leaks to come out about june 10th? >> yes, you have to. i know it's tough. i know there are people who say why should i hold this thing. i think it should be held. i have great faith in tim cook. >> there is a...
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i think google is in a strong spot to drive that transition. as a technology provider in the hyper scaler cloud infrastructure wars, they are an incredible partner. we have a service called box ai. we connect to different models, including openai and google, and we find their technology to be extremely strong. our customers are clamoring for these use cases around how do they work with their data? google is one of our strongest partners in this space. >> so do not count them out? >> absolutely not. >> aaron, thank you for coming in. >>> let's get a quick check on stocks. they are at session lows at the moment. the s&p 500 is down. losses in the nasdaq have accelerated. tech very weak, down 1.8%. and we have a news alert on an upcoming ipo. leslie picker has the story. >> yeah, it's our sweet spot here, stub hub is working with advisers to go public this summer. that's according to a person familiar with the matter and confirms a report by the information. i'm told the company is aiming for a valuation that surpasses their latest private round f
i think google is in a strong spot to drive that transition. as a technology provider in the hyper scaler cloud infrastructure wars, they are an incredible partner. we have a service called box ai. we connect to different models, including openai and google, and we find their technology to be extremely strong. our customers are clamoring for these use cases around how do they work with their data? google is one of our strongest partners in this space. >> so do not count them out? >>...
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i know that google and nvidia are working together. i know that jensen huang said if google's making a chip, i want to help. is that a reason to bail? well, go ahead. i said it over and over again after the gtc conference, the stock goes now. now we're in the gtc conference. what a shocker? shocker. >> as for the mag seven overall, mentioned it at the top. alphabet, amazon, of course, all-time highs. alphabet is something of a surprise. again, i've made this point a number of times. given the existential crisis that lasted a week there for investors. >> and thomas curry is the star of the show. >> and the number of well-known pundits reflecting on social media for -- x, for example, about the coming demise or questioning its ability to compete or whether -- >> that got down to -- >> it might still have its monopoly in search threatened. >> it had the multiple in the french fry company, for heaven's sake. >> thomas kurian, of course, the -- yeah, they had their big -- >> that's a big get. >> yeah, that is a big get. >> if you're not res
i know that google and nvidia are working together. i know that jensen huang said if google's making a chip, i want to help. is that a reason to bail? well, go ahead. i said it over and over again after the gtc conference, the stock goes now. now we're in the gtc conference. what a shocker? shocker. >> as for the mag seven overall, mentioned it at the top. alphabet, amazon, of course, all-time highs. alphabet is something of a surprise. again, i've made this point a number of times. given...
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Apr 15, 2024
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google should be at the top. this is a stock trading 20 times forward the earnings expected to grow 20%. we don't think the ai story is baked in here. the news to bring gemini on the iphone is huge and alleviates the concern regarding the search function in iphone. the stock is breaking out to all-time highs catching up with the magnificent seven and blue sky territory from here. this pullback in the market in this stock this is a buy in our opinion. >> okay. next up disney, the stock is up nearly 30% this year after bottoming out at 60% off all-time high last year. you say this one you also like and would buy. why? >> hi, contessa. disney is our turnaround play, despite the run up off the lows, it's still got a long way to go towards highs but this is a value play trading 20 times forward and this year those earnings are set to grow 25%. they have $7 billion in cash, decent balance sheet, 0.4 debt to equity. we like the investment in epic games and fortnite and think the parks, the rebound in the parks, have sta
google should be at the top. this is a stock trading 20 times forward the earnings expected to grow 20%. we don't think the ai story is baked in here. the news to bring gemini on the iphone is huge and alleviates the concern regarding the search function in iphone. the stock is breaking out to all-time highs catching up with the magnificent seven and blue sky territory from here. this pullback in the market in this stock this is a buy in our opinion. >> okay. next up disney, the stock is...
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that includes google. are not shaken or stirred, but i understand. is the owner, don't trade it here's a solar company. just been hammered mercilessly. no news, just the usual i'm back to the winners, how about eli lilly down 20 bucks? broke ground for the new $2.5 billion plant, another loser term winter for a day. 6%. eyed looked it up and i see one of the most horrendous shortfalls, the first quarter earnings but would be 21 to 41 points. that is a long fall. the red 119 last year. i'm not interested, i'd rather go fishing for flounders. in response to this earnings. about two winners, more than 3% respectively. so many important devices in the data center, still 30%. it was incredibly positive more than 6000 people and it was pretty much the start of the entire survey. the basis point increase. the number two fashion brand among upper female teams. the favored industrial, so many industries. it dominates the non-tech part of the data center. up almost 4%. the analyst came out and said by the stock. they take it hot this year. what a terrific time
that includes google. are not shaken or stirred, but i understand. is the owner, don't trade it here's a solar company. just been hammered mercilessly. no news, just the usual i'm back to the winners, how about eli lilly down 20 bucks? broke ground for the new $2.5 billion plant, another loser term winter for a day. 6%. eyed looked it up and i see one of the most horrendous shortfalls, the first quarter earnings but would be 21 to 41 points. that is a long fall. the red 119 last year. i'm not...
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it can be 2%, the same for apple and google and the others as well. >> this isn't what we typically think of as tech stocks. we think about apple which isn't even there, and they have so much cash on their balance sheets. they're industry leaders. that makes them different. does that make them defensive in higher environments? >> they become defensive in consumer state companies in that sense. >> that's the product. >> however, the difference is that when competition comes in like we saw in the late 1999 area, look. if you are nestle, you're going to be selling chocolate three years from now. you don't necessarily know what's going to happen to instagram in three or four years, right? it's not a recurring revenue as much. so you're getting that multiple of 20 to 24 times. again, i'm not saying sell out of these companies. just don't bet the farm because there are other opportunities out there as well, and look. if theeconomy slows down and advertising comes back or regulation is coming after every one of these big seven companies. >> i was at a dinner last week with a few tech ceos, and t
it can be 2%, the same for apple and google and the others as well. >> this isn't what we typically think of as tech stocks. we think about apple which isn't even there, and they have so much cash on their balance sheets. they're industry leaders. that makes them different. does that make them defensive in higher environments? >> they become defensive in consumer state companies in that sense. >> that's the product. >> however, the difference is that when competition...
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will have on them, sure they're with google, they'll use a.i. as google gemini and that's really it. that's siri going to do? it's all going to be based on somebody else's technology because apple is an asset light company and they underspend and their r&d has a percentage of earnings versus almost any other tech company. it's still major dollars because they generate so much revenue. they're expensive and we haven't seen any meaningful upgrades since even at the iphone x that was supposed to be the seminal upgrade event, there was nothing there. i don't know if there's an appetite for having a camera that zooms in more. i think a.i., they have to talk about. they have to have an answer for the competition. i just don't see what it is. i think it's an expensive stock for no growth company. >> bryn, do you want to take the other side that have? >> yeah. i own apple. i think where the analysts got it a bit wrong, it's a real b bugaboo they have one product, the iphone. there's 1.2 billion active iphones, and i think what they're going to do -- i t
will have on them, sure they're with google, they'll use a.i. as google gemini and that's really it. that's siri going to do? it's all going to be based on somebody else's technology because apple is an asset light company and they underspend and their r&d has a percentage of earnings versus almost any other tech company. it's still major dollars because they generate so much revenue. they're expensive and we haven't seen any meaningful upgrades since even at the iphone x that was supposed...
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. >>> google is setting out the details of its new center called actionion. it will enable it to compete with firms like nvidia. >>> intel is announcing its new gaudi chip. the hardware will be available to customers in q3. >>> well, nvidia shares are recouping some losses the premarket trade after slipping in negative territory, a drop of 10% or more, thissin on the bacf the positives of tsmc and their rivals. >>> investments into ai could be crowding out non-ai. some could still see some growth again this year. . joining us to discuss it more is david choi. david, good of you to join us. i'd like to ask you a quick question on nvidia. the correction we've seen, is this a much needed breather or the start of something bigger? >> hi, mandy. good to be here. well, you're talking about the stock price. in the next year we expect it to be pretty strong? >> why? >> there's back orders, way oversupply, and that's going to continue. we've heard from customers they can't get enough of the gpus right now. that's the fundamentals that's still strong and we expect it t
. >>> google is setting out the details of its new center called actionion. it will enable it to compete with firms like nvidia. >>> intel is announcing its new gaudi chip. the hardware will be available to customers in q3. >>> well, nvidia shares are recouping some losses the premarket trade after slipping in negative territory, a drop of 10% or more, thissin on the bacf the positives of tsmc and their rivals. >>> investments into ai could be crowding out...
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Apr 11, 2024
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and competing with openai, google and others. but interestingly we asked wood about the work that amazon doing to try to build a.i. technology in-house, building its own large language model itself, called olympus, versus making partnerships like this. >> one of the things that we have noticed with generative a.i. is that there is know going to be one model to rule them all. it seems that each different use case from different customers has a different sweet spot with a different model. so customers really value the opportunity to be able to match their use case to the right model. so some models are really great at reasoning. some are really great at summerization or image generation or understanding images. others have really great operational characteristics, cheap or fast or intelligent. by offering models from amazon, plus anthropic and others, we're able to allow customers to match their use case to the model that makes sense. so in isolation, they always get the right fit for the right model. so that's really, really impor
and competing with openai, google and others. but interestingly we asked wood about the work that amazon doing to try to build a.i. technology in-house, building its own large language model itself, called olympus, versus making partnerships like this. >> one of the things that we have noticed with generative a.i. is that there is know going to be one model to rule them all. it seems that each different use case from different customers has a different sweet spot with a different model....
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google just discovered in the ai space that china was stealing trade secrets. you can't have an economic competition where stealing and cheating are norm and accepted. >> the question is, if that is the case, then the answer is isn't, i want to be your friend, the answer is, i can't be your friend at all. >> the answer is exactly before this goes any further is making a choice. that's why it was so weird to have u.s. business leaders in china applauding the leadership of the prc, having all had their -- i can't tell you as chief of staff how many of those individuals were talking about trade secrets being stolen or being forced to hand over all the family jewels so they can get access to the market. and yet, china is discovered and by our own fbi and intelligence agencies, actually spreading misinformation in the united states. >> you're making the argument against doing business with china. >> i'm making the argument that you're very clear with china. and the fact is that you'll continue down that road, here are going to be the consequences. this is what you d
google just discovered in the ai space that china was stealing trade secrets. you can't have an economic competition where stealing and cheating are norm and accepted. >> the question is, if that is the case, then the answer is isn't, i want to be your friend, the answer is, i can't be your friend at all. >> the answer is exactly before this goes any further is making a choice. that's why it was so weird to have u.s. business leaders in china applauding the leadership of the prc,...
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he's a pioneer in the space who led google brain at one point. >> the stock is hitting an all-time high. how much of that has to do with all the excitement around ai? >> there has certainly been a lot of buzz. it's interesting, there has been a lot of notes lately and calls from wall street sell side analysts talking about amazon being their top pick especially in tech. it has very little to do with ai. more about sort of the north american margins. some of the profitability improvement, cost cutting, things like prime and advertising, which jassy also said in his annual letter, it could be profitable as its own stand-alone business. the sum of the parts, where ai comes in more on amazon web services and its cloud business. mark mahaney had a note talking about that being one catalyst for the stock and he also talked about some of the dislocation where amazon is trading compare today where it was before covid. about 30% below the average of where it was trading. part of it is dislocation, and then that cost cutting. that's really what wall street wants to see, where the silicon valley i
he's a pioneer in the space who led google brain at one point. >> the stock is hitting an all-time high. how much of that has to do with all the excitement around ai? >> there has certainly been a lot of buzz. it's interesting, there has been a lot of notes lately and calls from wall street sell side analysts talking about amazon being their top pick especially in tech. it has very little to do with ai. more about sort of the north american margins. some of the profitability...
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attracting giants like google, amazon, and salesforce. it's now one of the region's biggest economic drivers. an estimated 24,000 tech businesses call colorado home. about 73% of those right here in the mile high city, supporting almost 140,000 jobs in tech. up supporting. >> i think you'd be shocked as to how much funding is going into this ecosystem. >> boulder based venture capitalist former ceo and chairman of once publicly traded telecommunication zai recently started a venture capital firm with a focus on tech. >> you've called it boulder, one of the most vibrant communities on the face of the earth. >> yes. >> you don't think that's overstating it. >> no, not at all. >> he's not the only investor bullish on the region. over the last five years about $17 billion in vc funding has poured into the area. >> don't miss our prime time special tonight, "cities of success: denver and boulder" on 10:00 p.m. eastern time right here on cnbc. david, i'm fascinated by -- we know denver was the capital of telecom for so long, they made this town
attracting giants like google, amazon, and salesforce. it's now one of the region's biggest economic drivers. an estimated 24,000 tech businesses call colorado home. about 73% of those right here in the mile high city, supporting almost 140,000 jobs in tech. up supporting. >> i think you'd be shocked as to how much funding is going into this ecosystem. >> boulder based venture capitalist former ceo and chairman of once publicly traded telecommunication zai recently started a venture...
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. >>> speaking of office real estate and company shifts, google laying off more employees, this time across the finance and real estate units according to reports some roles will be moved to places like india, chicago, atlanta, and dublin. >>> coming up, 930,000 is how much a republican mega donor's son gave to the biden campaign the who, the why, and what it means for the biden/trump rematch next, when "the exchange" returns. we'll be right back. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs changing for the better. the farmer's dog is just our way to help people take care of them. ♪ >>> welcome back to "the exchange." the biden campaign has a new and perhaps surprising mega donor. a new piece on cnbm examines the $930,000 donation from sky dance ceo david ellison. don't know the name? well, it's the son of oracle co-founder and republican mega donor larry ellison. joining us
. >>> speaking of office real estate and company shifts, google laying off more employees, this time across the finance and real estate units according to reports some roles will be moved to places like india, chicago, atlanta, and dublin. >>> coming up, 930,000 is how much a republican mega donor's son gave to the biden campaign the who, the why, and what it means for the biden/trump rematch next, when "the exchange" returns. we'll be right back. good, real food is...
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. >>> the chief of google plans to spend $100 billion over time developing a.i. tech. that comes at the conference yesterday when asked about the reported $100 billion super computer planned by microsoft and at openai. >>> and baidu's erniebot now has 200 million users. let's bring in the chief innovation officer at ey. jeff, great to have you here in london. >> thank you, frank. >> we are spelling out all of the companies using a.i. how will this impact us in the workplace? you put out a survey saying 61% of companies are uncertain around gen a.i. >> what i'm seeing is everybody is excited about a.i. and gen a.i. specifically. they will invest heavily into the space. if you look at the industry today, 99% of them said we are investing in a.i. 70% said we will accelerate investment in a.i. if you look at the banking industry alone, 60% have already started accelerating investment. that is why you see the large investments by the tech companies. >> this is fascinating. every financial vservices compay is investing in a.i. it has the lowest level of skepticism. at the sa
. >>> the chief of google plans to spend $100 billion over time developing a.i. tech. that comes at the conference yesterday when asked about the reported $100 billion super computer planned by microsoft and at openai. >>> and baidu's erniebot now has 200 million users. let's bring in the chief innovation officer at ey. jeff, great to have you here in london. >> thank you, frank. >> we are spelling out all of the companies using a.i. how will this impact us in the...
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google could have $30 or $40 a share. you look at the revolution, it is palantir. this is just the start of the 1995 moment. we see 15% up the rest of the year. >> dan, your notes say you like sa salesforce. quick take they are looking to acquire informatica. >> we applaud that. this is exactly what you want to see from tactician gaining more share. >> we have to leave the conversation there. stephanie link and dan ives, thank you for your time. have a great day. >>> coming up on "worldwide exchange," much more on the middle east tensions and if further violence with israel and iran could push crude abe ov$100 a barrel. "worldwide exchange" is coming back in just a moment. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. >>> welcome back. oil prices are falling today after the drone and missile attacks on israel over the weekend by iran. that caused limited damage and investors are assessing
google could have $30 or $40 a share. you look at the revolution, it is palantir. this is just the start of the 1995 moment. we see 15% up the rest of the year. >> dan, your notes say you like sa salesforce. quick take they are looking to acquire informatica. >> we applaud that. this is exactly what you want to see from tactician gaining more share. >> we have to leave the conversation there. stephanie link and dan ives, thank you for your time. have a great day. >>>...
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Apr 17, 2024
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let's talk about alphabet, the parent company of google first. it's up 47%, still solidly above its 52-day moving average here, so showing some signs of relative strength on that megacap side. moving on to another one, still trading solidly above the level, which is nvidia which is down 1% today, up 220% for the last year, still holding above that 52-day moving average. the most valuable stock out there in terms of megacap land and in the market is microsoft. that stock is interesting to watch because it's trading right at its 52-day moving average price so from a momentum standpoint keep an eye on it and you mentioned apple and tesla among the megacap names trading the most below there. apple right now you can see over the last year up 3% but it's still trading just around maybe 4% or so below its 52-day moving average and, of course, tesla, which is the one that's seen the most relative weakness compared to its 00-day trading at the biggest discount so megacapland is pulling back. tesla, see if they can find footing in the coming days and weeks
let's talk about alphabet, the parent company of google first. it's up 47%, still solidly above its 52-day moving average here, so showing some signs of relative strength on that megacap side. moving on to another one, still trading solidly above the level, which is nvidia which is down 1% today, up 220% for the last year, still holding above that 52-day moving average. the most valuable stock out there in terms of megacap land and in the market is microsoft. that stock is interesting to watch...
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Apr 12, 2024
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with microsoft and with google and with amazon. so i think it is important to recognize that they're going to continue to look at this, and it is not just for now. don't forget the trial date is not until october of 2026 now. so they're going to keep gathering information to figure out is amazon using new technologies in order to -- in order to maintain their market power. but it is important to recognize that -- and i'm not sure all regulators totally grasp this, that the technology industry is iterative, that they build on innovations that they have and they -- sometimes they add to that by acquisition or by other types of cooperation. now, there is -- i think there's intended to be a chilling effect as to where companies can go with that right now, and i think that until the courts give them some guidance they're going to be treading lightly. >> do you have an expectation that if former president trump becomes the president come november that all of these cases end or continue? >> well, i'm not sure. i mean because for one reaso
with microsoft and with google and with amazon. so i think it is important to recognize that they're going to continue to look at this, and it is not just for now. don't forget the trial date is not until october of 2026 now. so they're going to keep gathering information to figure out is amazon using new technologies in order to -- in order to maintain their market power. but it is important to recognize that -- and i'm not sure all regulators totally grasp this, that the technology industry...
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companies including google, meta, amazon, microsoft, and others have created a coalition to push for several changes. these include things like collecting data, communication, and allowing tech companies a little more about how many times the government asks if for informing and what kind of information the government has requested. the members of the house intelligence committee say while some reforms are meant to deal with future abuse, some feel the changes could go too far and render the program ineffective. mike johnson said the bill needs to pass this week or, he says, the government will try to move the bill without further reforms. lawmakers will get a classified briefing on the topic today, and we're keeping an eye on the procedure real vote. usually democrats don't joint republicans in voting for these procedural matters. mike johnson can only lose two republicans and mike gates plans to vote against i. we'll see if they get a vote on this or not or if they end up tripping things up. >> by the way, why are the lawmakers pushing for more transparency in this case? >> you've
companies including google, meta, amazon, microsoft, and others have created a coalition to push for several changes. these include things like collecting data, communication, and allowing tech companies a little more about how many times the government asks if for informing and what kind of information the government has requested. the members of the house intelligence committee say while some reforms are meant to deal with future abuse, some feel the changes could go too far and render the...
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Apr 15, 2024
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companies like meta and microsoft and google are the winners there. taiwan semiconductor with the $6 billion off the chips act. they will build three factories. biggest pbuyers are amd and taiwan semiconductor. you will see growth. >> thank you, sylvia. >> thank you. >>> as we try to make sense of everything taking place, just in the last hour, the u.s. government awarding samsung $6.4 billion in funding from the chips act. samsung promising to spend $40 billion to build logic chips in the u.s. the government's aid will help it in the facilities in texas and the existing plant in austin. commerce secretary gina raimondo will be on cnbc today at 2:00 p.m. >>> when we come back, more on everything taking place over the weekend and what it means and where it is all headed. david sanger will join us next on the conflict in the middle east and the ripple feefcts around the world. "squawk box" is coming right back. 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 unexpec
companies like meta and microsoft and google are the winners there. taiwan semiconductor with the $6 billion off the chips act. they will build three factories. biggest pbuyers are amd and taiwan semiconductor. you will see growth. >> thank you, sylvia. >> thank you. >>> as we try to make sense of everything taking place, just in the last hour, the u.s. government awarding samsung $6.4 billion in funding from the chips act. samsung promising to spend $40 billion to build...
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the $2 trillion club, google, meta, alphabet, finally hitting amazon, joining new peers. apple mega cap around $9.9 trillion. amazon's market cap around $1.96 trillion, each higher for the week as well. more broadly speaking, there's a little more optimism around that rally in energy stocks and it could have more upside. analysts at morgan stanley are upping it to attractive, giving a number of factor, including stronger oil, more buybacks in the future, compelling valuations. so, that plays into this whole market rally broadening theme, sara. sara, david, keep a close eye on that equal weighted s&p. we'll see what happens. >>> next hour on "money movers," don't miss the cfo of wells fargo breaking down his bank's earnings beat at the top of the hour. thheowbe right back. wi t d down 400 points. banks are the biggest weight there. (bobby) my store and my design business? we're exploding. but my old internet, was not letting me run the show. so, we switched to verizon business internet. they have business grade internet, nationwide. (vo) make the switch. it's your business
the $2 trillion club, google, meta, alphabet, finally hitting amazon, joining new peers. apple mega cap around $9.9 trillion. amazon's market cap around $1.96 trillion, each higher for the week as well. more broadly speaking, there's a little more optimism around that rally in energy stocks and it could have more upside. analysts at morgan stanley are upping it to attractive, giving a number of factor, including stronger oil, more buybacks in the future, compelling valuations. so, that plays...
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and the cte ad market for those top two players combined with what google seeing with youtube, there's a lot of momentum there, and i think you'll hear a lot of that on the earnings call later this week. >> rich, everyone is always talking about consolidation in this business. paramount is in the headlines, tl there's always a sense that warner brothers and discovery could want to merge with somebody else now that this lockup, but change in tax status would allow for a transaction of some sort. but at the same time, if you look at either the transactions that are being pursued right now and others, "a," there's no consolidation going on, and "b," it's unclear to me how much consolidating would help anybody meaningfully. so if you're a buyer in this market, how much you think the consolidation really helps you accept for maybe some savings. but the question is, how big are the savings? >> well, andrew, let's step back. i remember you had that, you know, seminole moment where you were interviewing zaslav on stage at deal book, and you think about sort of, how has consolidation really imp
and the cte ad market for those top two players combined with what google seeing with youtube, there's a lot of momentum there, and i think you'll hear a lot of that on the earnings call later this week. >> rich, everyone is always talking about consolidation in this business. paramount is in the headlines, tl there's always a sense that warner brothers and discovery could want to merge with somebody else now that this lockup, but change in tax status would allow for a transaction of some...