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but the partnership could be more important to amazon than google because google has its own version of gem noy. and the anthropic model clod is a big model to use. before we go, there is still time to register for the inaugural cnbc change makers event on april 18th. we will hear from some of the women transforming business including commerce secretary gina ramaundo. you can scan the qr code on your screen or go to cnbcevents.com/change maker. you don't want to miss that. that does it for the exchange. expectations for june cuts are fading after inflation was hotter than expected. we will get an idea of the feds thinking just minutes away. tyr gtileisetng ready and i will join him on the other side of this break. (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. it's your verizon. ♪♪ the road to opportunity. is often the road overlooked. at enterprise mobility, we guide companies to un
but the partnership could be more important to amazon than google because google has its own version of gem noy. and the anthropic model clod is a big model to use. before we go, there is still time to register for the inaugural cnbc change makers event on april 18th. we will hear from some of the women transforming business including commerce secretary gina ramaundo. you can scan the qr code on your screen or go to cnbcevents.com/change maker. you don't want to miss that. that does it for the...
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with google you have to wait. it is a big company, completely competent from a technical standpoint. the culture was moving slow. i was like, give it time to see if they can right the ship. i'm not 100% confident they are going to. there are still cultural issues within the company, but people who said it was over for google that was way oo early. even thinking about search, being has not cut into google's lead. we are more than a year after the introduction of chat gpt. >> let us switch to amazon trying to close at a new high today. it may not get there at this moment. how would you assess the job that the ceo has done, the hand that he was dealt, and that time it has taken him to turn the ship around. i mean, is that too much to say that they have turned the ship around at this point? can he declare victory at this point? >> i think they've turned it around but in a very particular way. they cleaned up some of the mess that jeff bezos left. jeff raises wanted to do everything, not all of them were working, and t
with google you have to wait. it is a big company, completely competent from a technical standpoint. the culture was moving slow. i was like, give it time to see if they can right the ship. i'm not 100% confident they are going to. there are still cultural issues within the company, but people who said it was over for google that was way oo early. even thinking about search, being has not cut into google's lead. we are more than a year after the introduction of chat gpt. >> let us switch...
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google gains. the tech giant closing back in on a $2 trillion market cap as shares hit another all-time high. how alphabet got its a.i. ambitions back on track and how the cloud is powering those gains. >>> plus, charged up. utility companies rushing to upgrade u.s. electricity grids and that is driving power prices higher for you. what could that mean for inflation, as the fed ponders its rate cut path? >>> and later, boeing's backslide as the plane maker faces another whistle blower claim. cisco surges on a bullish call. and banks get ready to kick off q-1 earnings season. how the rate backdrop will impact their business. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- julie biel, in person, karen fine fin finerman, dan nathan, and guy adami. >>> the nasdaq and the s&p managing to climb into the green, why the dow was slightly lower ahead of cpi. economists expect consumer prices rose 0.3% vert acceleration to 3.7%. we'll get to all of that in just a minute
google gains. the tech giant closing back in on a $2 trillion market cap as shares hit another all-time high. how alphabet got its a.i. ambitions back on track and how the cloud is powering those gains. >>> plus, charged up. utility companies rushing to upgrade u.s. electricity grids and that is driving power prices higher for you. what could that mean for inflation, as the fed ponders its rate cut path? >>> and later, boeing's backslide as the plane maker faces another...
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then you have google. this is a real opportunity for google to gain some ground if they have the right tools. and it's all -- i'm told, about openness and choice. any enterprise that wants to develop their new gen-ai offerings, they want to go to the cloud provider that has the anthropic, the chatgpt the many, many other models. >> so it's a coming battle between these giants really. >> yeah. that's why i use all of these cloud events, right? you see aws and google cloud next is going on right now. they're all touting all these tools and all of their partners and all the customers sort of that are using their cloud infrastructure. so it feels like kind of a new battle. first over infrastructure. then it was over apps. now it's over gen-ai tools. >> the evolution of it is fascinating to watch. >>> folks, coming up, a former bolero employee claiming the company threatened to report him to the fbi. now trying to sue over proposed extortion and retaliation. details ahead. >>> and as we head to break, a quick p
then you have google. this is a real opportunity for google to gain some ground if they have the right tools. and it's all -- i'm told, about openness and choice. any enterprise that wants to develop their new gen-ai offerings, they want to go to the cloud provider that has the anthropic, the chatgpt the many, many other models. >> so it's a coming battle between these giants really. >> yeah. that's why i use all of these cloud events, right? you see aws and google cloud next is...
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Apr 12, 2024
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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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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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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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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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ain't going to be google anymore. i think that's a reasonable take on why to be cautious on the name. to rob's point, that's okay. the stock was inextensive relative to the fundamentals today and is not inherent lip at risk for a massive disruption. it takes a long time to figure out who will be the long-term winner in agi. we know the players. >> better performing stock over the last 12 months, alphabet or microsoft? identical. 45% each. if i asked a lot of people that question, who has performed better, i bet you the majority would say of course microsoft. not the case. >> the ownership we have is related to price and is related to momentum. that's been the strongest factor. i understand the fundamental argument you're making. i understand the a.i. inclusion, all of that, but there were questions surrounding the stock in the last six to eight weeks and there were volume i had questions. it has driven investors back to the skok stock. >>> we go to kate rooney as we approach a potential milestone. >> reporter: we have
ain't going to be google anymore. i think that's a reasonable take on why to be cautious on the name. to rob's point, that's okay. the stock was inextensive relative to the fundamentals today and is not inherent lip at risk for a massive disruption. it takes a long time to figure out who will be the long-term winner in agi. we know the players. >> better performing stock over the last 12 months, alphabet or microsoft? identical. 45% each. if i asked a lot of people that question, who has...
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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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>> i like jeff green and i think the justice department's case against google is actually hurt by how effective jeff green is because he's such a great alternative to using the auction system of google. so i think trade desk is great. once again, dave brings us some terrific stocks. let's go to donna in new york. >> booyah, jim. thanks for taking my call. >> sure. >> what do you think about the biopharma company geron? >> just okay. we've got so many great biotechs these days. let's stick with the really good ones. don't care about excitement. let's go to stan in new jersey. stan. >> hi, jim. how are you? >> i'm good, stan. how you doing? >> very good, thank you. i'm looking to see what do you think of archer aviation? >> no, no. we don't need vertical takeoff play now. it's losing a lot of money, too speculative for me. alan in florida. >> jimmy, chill, i need you to stop a minute so that i can thank you and your team for the investor club. it's the most entertaining way to learn how to make money. >> you like those late ones we've sent out so you wake up in the morning? we have been
>> i like jeff green and i think the justice department's case against google is actually hurt by how effective jeff green is because he's such a great alternative to using the auction system of google. so i think trade desk is great. once again, dave brings us some terrific stocks. let's go to donna in new york. >> booyah, jim. thanks for taking my call. >> sure. >> what do you think about the biopharma company geron? >> just okay. we've got so many great biotechs...
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amazon, netflix and google. even the stocks of incredibly well-run countries can get dragged down by an etf driven riptide. it is the most ridiculous example. even if netflix has nothing to do with the average, makes business of meta? strange. a lot of times you get situations where sellers throw the baby out with the bathwater. if the worst company in an industry reports bad numbers, the whole group tends to go down. even if everyone else is doing well. these are opportunities. we saw them with the cyber security stocks in 2023. the reported bad numbers. it was one of the greatest opportunities ever to buy the stock of palo alto networks. sometimes the market is just about to's, you will see companies report concluded aftergood quarter to no real effect. some say well, things are really going well. the next time the business reports a strong number, the stock source. in those cases you just needed to be patient. because the market did not get ready. i keep saying, the market gets it wrong all the time. her peop
amazon, netflix and google. even the stocks of incredibly well-run countries can get dragged down by an etf driven riptide. it is the most ridiculous example. even if netflix has nothing to do with the average, makes business of meta? strange. a lot of times you get situations where sellers throw the baby out with the bathwater. if the worst company in an industry reports bad numbers, the whole group tends to go down. even if everyone else is doing well. these are opportunities. we saw them...
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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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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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. >> for google we were talking about the a.i. rollout that didn't go so well. what i will say about google, if you flow back to the last report, operational margins grew and the stock has performed better than a lot of the other major names we talk about all the time. a partnership at apple that could be profitable going forward. >> rich, microsoft, target from 465, and that's at morgan stanley. >> well, i think if investors are going to find certain companies they want to own in that a.i. space and embedded in there has to be microsoft. it's not a cheap stock but great companies are not cheap. recurring revenues, a lot of cash flow. >>> we'll trade the financials. they are on deck for earnings starting tomorrow. the etf that tracks that space is below its 50-day moving average for the first time since november. we have a lot to talk about and trade between that and a lot more when we come back after this. >> announcer: are you following "the halftime report" podcast? what are you waiting for? look for us in your farivote podcasting app. follow now. my name is
. >> for google we were talking about the a.i. rollout that didn't go so well. what i will say about google, if you flow back to the last report, operational margins grew and the stock has performed better than a lot of the other major names we talk about all the time. a partnership at apple that could be profitable going forward. >> rich, microsoft, target from 465, and that's at morgan stanley. >> well, i think if investors are going to find certain companies they want to...
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that's google, that's amazon. it is not apple here. i think apple is a bounce in a down trend. >> interesting. i appreciate your time. >> always. >> chris verrone joining us. >>> all right, he is back with us. how he is now sizing up this week's conflicting inflation reports and whether he thinks the feds should push back their rate cut timeline. that's after this quick break. >>> welcome back. this week's inflation report only adds to the debate of when the federal reserve might be cutting interest rates this year. robert kaplan joins us now with his own view. also the former vice president of goldman sachs. mr. kaplan, welcome back. it's good to see you. >> good to see you, scott. >> how complicated did things get this week for the fed? >> uh -- i think the narrative continues, that goods are disinflating, not perfect, but disinflating. services is sticky, and the cpi and the ppi, i think were somewhat conflicting, but confirm that. and i think the other narrative here is you've got very restricted monetary policy is offset by an und
that's google, that's amazon. it is not apple here. i think apple is a bounce in a down trend. >> interesting. i appreciate your time. >> always. >> chris verrone joining us. >>> all right, he is back with us. how he is now sizing up this week's conflicting inflation reports and whether he thinks the feds should push back their rate cut timeline. that's after this quick break. >>> welcome back. this week's inflation report only adds to the debate of when the...
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meta, google and amazon. they have more data on americans than any companies in the world. and i think that in this ai these three companies could be big. i'd love to see what you think about meta. >> i'm a zuckerberg believer. when it wasn't cool i was a zuckerberg believer. but i have to tell you i think meta can go much higher because the multiple's not that tie and i think instagram's still early. and if the government ever removed tiktok you'd be paying $700 for meta. but the government is against tiktok as it is in every other aspect i see. you have to have some faith in the people who've made us fortunes. at least they deserve more trust than the bears. based purely off their track records. on "mad money" tonight there's a lot of players in the artificial intelligence space besides nvidia, you know. how about marvell tech which hosted a special ai event right here in new york city today? then the alcohol industry might be -- but you wouldn't know that from looking at constellation brands. i'm looking at that club name with the ceo. and you might know it as a pandemic
meta, google and amazon. they have more data on americans than any companies in the world. and i think that in this ai these three companies could be big. i'd love to see what you think about meta. >> i'm a zuckerberg believer. when it wasn't cool i was a zuckerberg believer. but i have to tell you i think meta can go much higher because the multiple's not that tie and i think instagram's still early. and if the government ever removed tiktok you'd be paying $700 for meta. but the...
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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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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...