. >>> a broken arm nvidia's $66 billion deal collapses. what it means for both nvidia and arm's upcoming ipo >>> don't shoot the messenger. meta shares fall, down 33% for the year early investor peter thiel leaving the board. what that signals for meta's prospects. >>> carl, we have two broken deals today. one arm and nvidia the other is peloton's share price falling apart over the trend. though look at the turnaround today. we'll start with leadership change former spotify/netflix ceo mccarthy is replacing foley as ceo. foley will be executive chair. shares initially plunged nearly 10%. but quite the rebound. they're now up more than 20% this all comes as activist investor blackwells has been calling for foley's investor and a sale of the company. kno foley out as ceo 2,800 job cuts, 28% of the corporate workforce. the move is expected to save $800 million in annual costs, while peloton will also wind down a plant in ohio as part of the announcement, we got a look at guidance not great here full year 2022 revenue is projected at $3.7 bill

me. >> ask about nvidia. because trying to think of bigger picture questions, jim. last time i'll be interviewing for a period of time not forever. >> right. >> guess how much since i've been at cnbc in the u.s., the 1st of january 2016, nvidia is up >> geez. i don't flow you first got here -- >> one of your best calls. >> 40? >> 3,000%. beaten only in the s&p 500 during that time by amd. up 4,000%. >> amd, what i tell you, time to buy nvidia historically after a big sell-off of which we almost always seem to get money one reason jensen doesn't play the crowd. okay just doesn't play. big sell-off because people were using their cards for bitcoin. the last sell-off was much more about whether the high multistocks would hold we're in high mobile health so i think the best time to buy this particular stock may be in a march speech jensen gives. fantastic announcement thinking of you today. spoke to the company, i was -- i was your digital twin! i said i see jaguar. what jaguar a reference to it. fantastic movie.

the arm sale with nvidia set to be pulling out.

nvidia, the bar was a little bit high. they pretty much came in line with where the street was, but a lot of it was because of supply constraints. they noted that revenues were affected by supply. they see an acceleration of data centers for the rest of the year. the big upside for april was almost entirely data centers. i would also say, if you look at ai, only 10% penetrated in the server base. there is still a long road ahead in terms of ramping that business. matt: what is the breakdown -- i know what nvidia does for automotive, you are talking about the data center demand, now ai what is the breakdown over this company gets the revenue? >> about 30% plus is data center. gaming is a chunk. the rest is a lot of the desktop, etc. definitely, data center is where the focus is, that is where the margins are. rowing 70% plus year-over-year. gaining is also growing. very strong growth in a lot of these segments. for a company of their size, they grew the top line 60% last year with gaming and data centers, so you have strong

pressure that caused nvidia to walk away from this deal which would have been the biggest of ear in the chip industry. let me remind you who these players are. arm is a uk based high—end chip technology designer. many of their designs are used by pretty much every smartphone in the world, so they are a big player. they were bought back in 2016 by the japanese conglomerate softbank. they needed the money from this sale after a series of bad investments left them in a tricky spot, and nvidia, who are looking to buy arm, they are looking to buy arm, they are another chip designer based in the united states, and that is sort of where the trouble lies, because this deal has been on the rocks for quite a while. there are quite a few reasons as to why, but it ultimately boils down to our knees from competitors and regulators about a scenario in which nvidia would dominate this chip design and capability. there were concerns from uk regulators for national security reasons that arm would leave britain and would go to the united states. in terms of what happens now from the softbank point

nvidia, strong demand and strong revenue. stock was actually down after hours because of a tiny little tidbit in their earnings. they are still making giant prepayments to help secure way for capacity. last quarter, they paid $9 billion for inventory purchases and long-term supply. compare that to the prior quarter of $7 billion, and a year ago $2.5 billion.you can see that nvidia is trying to keep up and trying to continue to provide those chips. they are doing so at a pretty high cost. you can still see high pressure in the shares despite strong revenue. cisco projecting strong sales as well, jumping as much as 7% after hours. it looks like it's paring some of those, but it comes after they announce a buyback authorization of $15 billion, boosting that is always good news for the stock market after hours. doordash, a similar story. you can see 31% gains after hours for that stock. trip advisor is your last one, taking a bit of a year, a bigger than expected loss. but sticking with the idea of spending weather on retail or t

introducing record sales nvidia is seeing exceptional demand not just good. that is as supply constraints were easing. the company supply of products would increase substantially in the second half of the year. gross mark bgins are flat from e first quarter. you heard our interview with the ceo yesterday from phoenix saying he did not see his market easing up any time in the next six montonths or so. >>> let's see how things are trading all over the world with julianna tatelbaum with the headlines from europe. julianna tatelbaum back in the living room. julianna, good morning >> reporter: good morning, brian. i'm sorry to hear you had to leave the sunshine i guess we''re both struggling. it has been a chopping day stoxx 600 trading lower. it is all about single stocks today. let's run through the highlights for you. airbus with a 4% rise of full year revenue a record net income. the aircraft maker says it is seeing recovery in the commercial and defense and space delivering 611 aircraft in the year the group expects the momentum to continue this year raising

nvidia is off the highs. the stock is up 68% over the past 12 months and analysts are bullish going into earnings. they do expect growth to be driven by the chip maker's gaming business as well as the data center business they're looking for a 48% increase in revenue and 57% increase in earnings a number of analysts are looking for not just a beat but a raise in terms of guidance investors are looking for insight into the data center and gaming trends. and there is this expectation that the data center business could accelerate the big question for this company is what's next after the company's purchase of arm from soft bank has been called off. piper issuing a note saying they believe the termination of the armed deal will bring management's focus to emerging areas such as the somniverse. the company has been a lot of interesting deals. they did one with jaguar land rover to bring the ai-powered driving systems into the future of autonomous vehicles i think we could hear a lot about other deals and all the

softbank and nvidia announced a deal last year and would be the biggest merger ever. regulators started sounding the alarm with chips made from everywhere in the world. joining us to talk about it is raj. welcome back we normally would not talk about a deal like this, but this is important given the supply chai right now. what does a significant regulatory challenge mean? >> it means the transaction, which everyone thought in the beginning was going to be hard to pull off. eu and uk and u.s. worried if this deal should go forward. the media was picking up part of the supply chain could give it power over customers the customers arm. this created an existential threat from the outside of the deal that nvidia would supply the chip designs to the competitors and whether they would be cut off from the access if it held obviously, it comes on the back of incredible boom of the share price over the course of the pandemic as we come out of the pandemic, it let off a bit nvidia jumped to the front of power and technology leapfrogged intel in the u.s. in the stock market this

nvidia, as we know commands such a high valuation relative to its peers. perhaps not all that surprising and doesn't say about the fundamentals the fact it is down and the market environment we're in. >>> we're going to shift from nvidia and talk about another market cap, we're going to talk from earnings to earnings power. he sees 1 trillion dollars of untapped value in amazon the market is not recognizing the full value of the tech giant's two businesses, amazon web services cloud business and e-commerce operations. amazon is one of third point's largest holdings the fund increasing recent take in recent months $734 million end of the year loeb high light in letter saying, quote, amazon is at an important cross roads as new management considers its long-term strategic plan to move the company forward. the stock still down 5% this year guys, what did he say? he said it was -- it's good discussion for investors at the water cooler what could be amazon's next big business we're certainly get some indications of that. i know at investor day, too, bezos, jass

future is very bright for nvidia. we believe nvidia will ultimately become the first trillion dollar market cap semi-conductor market cap company given the growth, given thu the earnings potential for the company. >> what about arm? what's next there? ipo? >> yeah, i think arm is most likely scheduled to go public. there's obviously debate whether they want to list it in the u.s. or in the uk arm's revenue actually has kind of accelerated the last 12 months it's up about 25%, so they're doing about $2.5 billion of sales. they're starting to generate adjusted ebitda. the margin profile is improving for arm. arm is expanding beyond smartphones, more into automotive, iot, into the data center, into networking infrastructure which are one of the reasons why some of the reasons why nvidia was interested in it, mainly because of the data center and networking infrastructure opportunities. but arm is showing some signs of reacceleration in growth and profitability. >> we have to leave it there thanks so much >> thank you >>>

you talk about the other larger names too, we'll get into apple in a bit but nvidia and even tesla are stocks flirting with the rising support. do we need to see more damage for the market ultimately to move higher? i think the answer is probably yes. i say that with the caveat that i've been championing this quality growth trade for some time we are laying in the weeds waiting for the opportunity because i don't think it's just yet >> yeah, i just mentioned this, i listened to "closing bell", peter made a lot of great points what's going on in the economy but if you think back to the last two times we had significant sell offs in the stock market, obviously in february, in march 2020, and go back to december of 2018 where s&p sold off nearly 20%, what happened here? we had accommodative terms that's the point guy is kind of making here. right now what peter just said and i think is really important, we have a global tightening cycle right now. the playbook is totally, totally changed. if you are waiting for central banks to save it i don't think will happen here when talking about hig

right now nvidia is focused on ai. they do not have much exposure on that side. what we have seen is there were too many regulatory hurdles, and it is good that they called it off at this point in time. guy: huge blow to the u.k. that it is not going to be listing here. don't know that yet, but the expectation certainly is that it will list in the states, where you have a deeper pool maybe of investors. nvidia was looking at about $40 billion. as a standalone, what do you think arm could be worth? mandeep: we know they are around a $3 billion revenue run rate. i think the growth has been decelerating, but it is proportional to the number of chips being sold in the year. so even if you apply 10 to 15 times sales multiples, you get to around $40 billion to $50 billion valuation, and given the kind of volatility we have seen, i don't think any ipo is going to get that kind of high multiples that we were getting in the last two years. guy:guy: we will leave it there. great stuff, as ever. mandeep singh of bloomberg intelligence on europe's chips act, the u.s. chips a

the deal is off, nvidia and japan's soft bank scrapping their $40 billion deal for nvidia to acquire arm holdings over anti-trust concerns. tech putting pressure on the broader markets. nvidia down 1 and a quarter percent and futures are mixed. the dow industrials showing gain this morning of 55 points as you see. the s&p 500 up 4 and-a-half, the nasdaq is also higher, up 7 and-a-half right now of after a mixed day yesterday. big tech helping drag the nasdaq into negative territory yesterday while the dow managed to snap a two day losing streak, with a win, as you can see the dow was up s 1 point, the nasdaq was lower by 82, s&p 500 had lower by 16 and-a-half at 4:00 on wall street. big week for inflation data, we get a full scope when the january cpi hits the tape on thursday. we are expecting inflation at the consumer level to show a gain of 7 and a third percent year over year. we will be anticipating and watching that number this morning, earnings also on tap this week. we've got pfizer out this morning as well as later on in the week, disney, cvs, coca-cola and twitter. we'll br

he says targeting nvidia, the nation's most valuable chip maker, with a $600 billion market cap, was no accident. >> if nvidia can't protect themselves, there's not a lot of hope for smaller companies out there with fewer resources. >> if we hit the strongest person in the group, then the rest of the group, they will get the message. they'll see that you're not safe. >> in santa clara, kit do, kpix 5 news. >>> now for a month long search for a missing woman in east contra costa county. today family and friends were out once again searching for 24- year-old alexis gabe. she went missing on january 26th on trenton street in oakland. there, police discovered her car with the keys still in the ignition. investigators now looking for anyone who may have any information about the disappearance. >> i just live nearby and i'm a little older than alexis is, so i don't know, that could be me. so i feel like obligated to do something, because if it was me, i would like to be helped out, too. i think everyone who can should be helping out. >> more search efforts are planned through the weekend.

softbank will retain $1.25 billion deposit from nvidia as expected. third quarter sales fall by 98% year on year in the third quarter at 29.0 5 billion. vision fund and gassman gain -- investment gain. we have to talk about spreads. european spreads. they were well behaved and decided to channel that challenge christine lagarde. i think you to the credit spreads, the global credit spreads. you can argue all you want that they are not exactly exploding, but they are beginning to rumble and grumble. the highest price since december 2019. the credit markets have been very well behaved in january, but they are beginning to turn into naughty school boys and girls. dani: is that the first rumbling of a temper tantrum in europe? look what happened to greece yesterday, italy. 35 basis point move, 20-plus basis point move. then you get the credit spreads widening. i'm a little less convinced of the story in the u.s. peter says the look in the u.s. at least is a case of credit reassessment -- rather repricing, not reassessment. that move in europe really breath

there is a payment from nvidia to oftbank, $1.25 million breakup feel fee here's what they had to say on the softbank earnings call -- evil government. regulatory have been showing a strong interest against, okay a block against the transaction. even with our tremendous evidence, we are terminating not much more needs to be said they'll try to take this public, that is, a.rm, and talking abou it as the largest greatest chip ipo of all time, but we'll see if it gets to the public market. >> is there a broader, you know, sense out there that softbank in general is by kind of design or necessity, a bit in trim-down mode or look to go harvest some things >> yeah, their shares have declined 'lot of embedded value we'll get to that. you know, unclear. there was a period where they got out of operating businesses. obviously sprint and arm was one of those we viewed that way as well really they don't want to be operating things as simply they want to be focused on the investment side. this would be the only business they wholly own at this point -- i might be wrong i want to make sure the mob

we have seen pressure for nvidia. they underwhelmed with the results. this is the first set of numbers since walking away from that $40 billion acquisition of the company. the nvidia ceo saying he gave the approval the best shot but regulator headwinds were too strong for the deal to go through. we are continuing to see that drop in extended trading. cisco is projecting strong sales growth by robust orders. the company is announcing a $15 billion addition to share buyback plans as well. let's get a little bit more on tech earnings and the initial investor reaction. that bring in nick turner and start with nvidia because shares did not really react positively despite the fact that we did see strong results. mix: -- nick: this is not uncommon with nvidia. they beat pretty much every metric. people were still a little disappointed. obviously, they are coming off of the attempt to buy arm for $30 million which they walked away from earlier this month. i don't think that is weighing on people's minds too much. investors were never betting that that would be

ipo the chip designer after nvidia abandoned its acquisition. francine: these markets keep getting gyrated on the bond sector. it makes you look at what investors are trying to do. it makes you also turn to how interest rates globally mean for their portfolio. there is prospect of aggressive central bank stands playing out on the markets. tom: the strategist from j.p. morgan saying to buy stocks now. that is from j.p. morgan. that is putting them squarely against the likes of morgan stanley where they said that there is a winter ahead for stocks. that is where the monetary policy outlook is at. gains are modest here is an the european space -- here in that u.k. and the european space. the cac is also flat. this is a big day for earnings. we have bnp paribas and the energy giant bp. those are two sectors that have performed well. let us look at how things have performed across assets as we look ahead to the u.s.. that cpi print is expected to be above 7% for the u.s. futures pointing flat after a mixed day yesterday. ended lower by a lot. the u.s

nvidia down -- obviously, there is big sellers in nvidia this is an opportunity i am not calling it bottom there is people who don't know what they are to go. when this launch thing comes around, when we see what pfizer and disney is doing, facebook, they probably won't be there, is doing, wow, why didn't i sell that stock >> we see the dow down 425 it's been pointed out this morning, jim, not too many days you get a solid bond rally they got ten-year 197. >> long weekend. people trying to position right now. pe people listening to the president. i urge people to recognize there is a story after this which has to do with germany being short on energy. we can't supply it we talk four years from now. our country will face the sanctions against russia russia not a big economy it's not like china. i wish that china would put the brakes on this if china is in cahoots a putin, their whole foreign relations policy the last ten years will be called into question. >> macron suggested xi may come in to stabilize. >> counting on xi to say, hey, listen, it doesn't work. >> jim is going to stick around

and nvidia's $31 billion deal to acquire the uk chip firm arm from softbank is off. the company's cited regulatory challenges. robot caterers showcased their agility at the beijing winter olympics. yes, cooked dumplings arejust one of the dishes served to visitors on site. winter sports fans can also use comcast�*s vr app to tune into 150 hours of interactive action from home. drones have been helping to clean up a belgian port. this fleet uses machine learning to scan and detect floating waste, so companion trawlers can clean rubbish efficiently. and finally, ai gets everywhere these days, even science fiction book covers! sadly, these are not real. they look great, though! they have been generated using an the online database imagenet and machine learning tools trained on millions of images. lewis hackett, the british artist behind the project, also used natural language processing to generate the titles and said these techniques can help with idea creation. i'd totally read counting mars or green grass is the colour of the wind! when i was 13, i was speaking to

an exclusive with the new ceo of arm, what's next after nvidia's historic deal for the chipmaker collapses. >> we're going to start with meta, a severe dropoff, that brought the stock below $600 billion market cap, now recovering a bit $615 billion interesting level here, lowest level since may of 2020, given it might help the company f formerly known as facebook dodge antitrust scrutiny is the tiktok tumble just beginning? joining us this morning to discuss, baeri annan. how much do you think is reversible if they can demonstrate tangible progress in this new growth area >> i think so when it comes to meta they are so well positioned with virtual reality hardware and having a captive audience, ready to experiment in this space, like they can't turn the corner we can't underestimate the impact tiktok had on meta and they're going to be a voracious competitor for a long time for zuckerberg to be fighting against. >> that $600 billion market cap level is an important one, because it could help meta escape the regulatory scrutiny or backlash. does that shift on to others like google that has

but for most of us, video calls will remain as our standard way of communicating, so nvidia have been using artificial intelligence to solve those day—to—day problems. and staring at a screen during an endless meeting is definitely an issue, so gaze correction can make it appear like you're always looking straight ahead — something that seems minor, but is actually really important. let's say you're in an interview and you want to sneakily read some notes. or even in a not—too—interesting meeting, you can just look like you're paying attention. right. left. another obsession sweeping through the tech world is the photorealistic avatar. this handsome chap can even track my expressions in real time. it freaks me out a bit, but let's see what the team thinks. have you ever seen max headroom from the �*80s? i have not. i recommend you check it out because you're basically him. but those rugged good looks may be intimidating for some. yeah, i'd rathertalk to real people, i think. call me traditional! and whilst not as sci—fi, one vitally important thing that nvidia claims the

investors are waiting for this on sale with nvidia set to be pulling out. hong kong speaking with us here, more virus rules on the way. >> there is the weekly one. the city is grappling with its surging covid-19 infections. this is a little bit later on here. we will be sticking to the dynamic zero covid policy. in order to achieve the best results, there is a focus on the capacity. there were certain buildings. this morning we can tell you and sometimes we will be in the same building. this has been our consideration. will you consider implementing a vaccine pass? will you decide to go ahead with a legend anyway question mark -- election anyway mark this left the with a short supply. that is what i referred to. these special arrangements to ensure that it could remain interrupted. we made some special arrangements on imports. due to the enforcement of these measures, this will impact the supply of goods. that is why we need to fight the epidemic together. otherwise, we all have to pay the consequences. as for the use of the vaccine pass, i am afraid -- >>

bitcoin mining is function that nvidia provides chips for. so the way the future is going, nvidia has a big foot hold. honestly nobody believed the deal would go through on asml. there was always a issue of a monopoly issue if nvidia made the acquisition. so i don't think, the stock is not down much today on the news and i think that is already factored in. charles: lance, thanks so much, my friend. appreciate it. >> my pleasure. thank you. >> i will be pushing back on the latest elitist notion that individual investors should be banned from trading stocks. i have got a few choice words. i also will share some strategy. that is coming up. we have a sneak-peek of the most expensive u.s. home listing ever. it is next. ♪. who's on it with jardiance? we're 25 million prescriptions strong. we're managing type 2 diabetes... ...and heart risk. we're working up a sweat before coffee. and saying, “no thanks...” ...to a boston cream. jardiance is a once-daily pill that can reduce the risk of cardiovascular death for adults who also have known hea

the chips are down for nvidia with shares to of the semiconductor on pace for their biggest percentage decrease in a year even after reporting, as sarge told us, a record-breaking fourth quarter. stock is 7% cheaper than it was yesterday, and sarge, he and a lot of smart investors do love this company, wanted to buy it several months ago, but it was too expensive. nothing but good news from nvidia which reported strong numbers and said that supply chain issues were finally starting to ease. analysts are baffled by the stock's move downward and say they can only imagine the results just weren't good enough in the eyes of wall street and investors. in fact, the drop here of 7.5% puts nvidia at the bottom of the nasdaq. >>> global chip shortage is not enough to deorer the cisco investors. -- deter. topping both the nasdaq and the s&p after reporting strong earnings in the second quarter9 of a sunny outlook for the third. the stock is on pace for -- sunny outlook for the third quarter, rather. we do have the company on pace for the largest percentage increase in more than a year despite co

why nvidia is falling and cisco is rising after earnings we'll talk about that next. >>> and a closer look at the federal probe into short selling. we will talk to jay clayton. you are watching "squawk box" on cnbc ♪ get a head start in investing with the new schwab starter kit™. new investors can open an account and get $50 to split across the top five stocks in the s&p 500®. you can also unlock short videos, step-by-step guides, and other easy-to-use tools designed for people just getting started. plus, investment professionals are on standby 24/7 if you ever have a question. it's the smarter way to start investing. ♪ [sound of helicopter blades] it's the smarter way to start investing. ugh... they found me. ♪ ♪ nice suits, you guys blend right in. the world needs you back. i'm retired greg, you know this. people have their money just sitting around doing nothing... that's bad, they shouldn't do that. they're getting crushed by inflation. well, i feel for them. they're taking financial advice from memes. [baby spits out milk] i'll get my onesies®. ♪ “baby one more ti

nvidia stock went on quite a run after that. right now, investment bankers are doing the math on what that valuation is likely to be as it goes public. it is still a few months away. as we have talked to analysts about this, it would be a stretch to get the same valuation for arm and also softbank is not going to be selling the entire thing. he wants to sell part of the company, but not the entire company. for them in terms of raising cash, it's probably not going to be as profitable as it would have been if they had been able to sell the business outright to nvidia. shery: let's get vonnie quinn with the first word headlines. vonnie: russia is counting down to emmanuel macron's talks with vladimir putin. amanda micron said vladimir putin agreed to not take any more military initiatives in the region. the kremlin refused to make any comments saying russian troops were due to leave belarus later this month. >> he told me he would not be at the origin of escalation hurried that is important. vonnie: canadian lawmakers have express

and nvidia's $31 billion deal to acquire the uk chip firm arm from softbank is off. the company's cited regulatory challenges. robot caterers showcased their agility at the beijing winter 0lympics. yes, cooked dumplings arejust one of the dishes served to visitors on site. winter sports fans can also use comcast�*s vr app to tune into 150 hours of interactive action from home. drones have been helping to clean up a belgian port. this fleet uses machine learning to scan and detect floating waste, so companion trawlers can clean rubbish efficiently. and finally, ai gets everywhere these days, even science fiction book covers! sadly, these are not real. they look great, though! they have been generated using an the online database imagenet and machine learning tools trained on millions of images. lewis hackett, the british artist behind the project, also used natural language processing to generate the titles and said these techniques can help with idea creation. i'd totally read counting mars or green grass is the colour of the wind! when i was 13, i was speaking to

as we have been reporting, nvidia may have to abandon the bid for the softbank arm because of opposition from china and the regulators there. we will get insight on the chinese approach to the tech sector. and there ceo will be with us. this is bloomberg. ♪ romaine: today's triple tank is on softbank and we are waiting for those earnings overnight and are going through the tech i tick various investments and personnel they have, the issues they are dealing with because one of those issues is the armed nvidia deal. they were trying to sell off that portion but it looks to be running into some regulatory roadblocks with a lot of talk as to whether the deal might get abandoned. caroline: this was a pinup in the u.k., one of its most valuable companies, developer of design chips, doesn't make them, doesn't -- it designs them. incredibly valuable ip, bought by softbank and then they saw it rally in terms of they really felt that arm holdings had increased their overall value proposition and were looking at selling it, but regulators didn't like it, u.k. didn't like it. they will end up owni

nvidia and arm holdings calling it quits. pelotonshake things up announcing major layoffss and restructure. pfizer is 14 ahead as restaurants and other small businesses bust out of pandemic doldrums. francis is here with more on how his company is toughening up the payments game and how he will take on arrival square. howard stern says his head is going to explode because he doesn't understand what in fts our which he calls stupid. grammy award-winning artist neil knows what he's going to do with non-fungible tokens. he's here live to tell us how he will be creating them with the help of loom as he develops musical fandom and make money at the same time. breaking news, bloomberg reporting microsoft pursuing a deal, no word on a price tag. microsoft made a $67 billion entitlement for activision blizzard. we are watching that story and what happened to merger monday, has morphed into terror tuesday. nvidia was up at the open but now is on the move up 30%. he raced those losses. simon seeger, former ceo of arm. nvidia wrapping u

, cisco in there, too so what about that those stocks, particularly nvidia you think that's still worst including here >> i do. what we found is the hit rate for companies in that bottom quartile of the tech sector tend to outperform. so it has been a good, where you want to bottom pick and try to find interesting ideas to your point, though, i think what was also interesting about 2000, it really took a long time for the sector to bottom out first of all, everybody forgot about tech by 2010 i mean, nobody was even asking about it when it came to client calls. and a lot of companies consolidated capacity, so make those are some of the signs that we need to see from, like you said, the high flyers that had great runs, and it looks like they're screening as attractive, but maybe you need to see more of that consolidation in order to get really bullish on the sector tech is one of these sectors thatsh and time horizons can really help volatility underscores opportunitiesened a longer horizon, you can ride out volatility i think these this is a time to buy some of these inexpensive tech coo

but look at nvidia today off good earnings. a stellar report according to jim cramer anything that has been a winner or in the growth cat coir has had a brutal correction. what do you look at is the correct valuation for these stocks >> if you look at growth stocks, they have been discounting the fed hawkishness for far longer than the broader s&p 500 if you look at some of these unprofitable tech names, they have been under pressure for call it four, five months where their multiple has been hit hard we actually think that from just a market neutral rotation perspective, that some of these secular growth names are going to outperform. and that cyclicals who are going to be most hurt from people thinking we are close to the end of the cycle, you know, probably a year away, but close to the end of the cycle, we think cyclicals are going to be hurt by what's going on with the fed action and some of the geopolitical issues. so our view is sort of do you want to own defensives and you want to own secular growth, which has more than

call nvidia and get the technology for the drive th -thru. alphabet reported. they were supposed to be the future and help uses with inflation. the bottom line, the foot race is being won by the forces of inflation. not just because of a head start but because the forces of deflation are running with leg irons, man-made, that we have a society agreed to and in many cases it is the cost of a safer, better, freer society and i think it is worth the price but the price is real and it will be worse before it gets better. chase in california. >> boo-ya. ebay is trading with low debt and over 2 billion in free cap flow it is a holiday quarter reporting soon and people being able to find their iphones, sneakers and other gifts on ebay how do you value compared to an amazon or etsy >> i have to hear paypal i talk about a lot of the wins amd is a win google paypal is a disaster i have to hear and listen before i know it is deeply related to ebay when i see a disaster, i think there are great repercussions. i like to own my mistakes. most don't wayne i

nvidia shares down on the back of disappointing forecast. the company beat estimates and projected strong results for the current time. expectations are high for the world's most valuable u.s. chipmaker. nvidia walked away from a proposed $40 billion acquisition. coming up, nissan revving up ev efforts. the japanese carmaker planning these two new battery-powered vehicles. this is bloomberg. ♪ >> another down day for lyft -- meta. it was knocked out of the top 10 biggest conveys by market cap. we have more. why do we keep seeing shares sinking? >> there has not been any good news since earnings. when you think about the problems that came up during the earnings call, user growth being one of the biggest ones and then apple advertising, the headwinds they said they would face. those are not necessarily things that go away overnight. they have not had anything since that earnings report that would have turned the conversation in a more positive direction. >> they change to the company values, moving fast and break things is a value that has

nvidia is a great example. it is an artificial intelligence stock, if there is anything that will create life-changing wealth it is absolutely artificial intelligence. these short-term price movements are really irrelevant considering what it to become two to 10 years somewhere in there. anyone holding a eye stocks will be very happy -- a.i. stocks. we won't remember the short term price movements. nvidia is one of those examples. charles: except those who look back, say, golly i should bout that dip. beth, thank you, appreciate it. >> thank you. >> joining me sylvia jablonski. sill three yaw, our time is little truncated because of breaking news. i want to ask you about couple things. looking at current trends from covid-19 to inflation. all the things making headlines are actually becoming bright spots. explain that to us. >> yeah i think that the economy is fundamentally strong and we're sort of ignoring that. russia, ukraine are taking the spotlight. the real risk to the market is the fed, whether or not we

nvidia reporting in europe. also in your we will be getting u.k. inflation. coming up tomorrow we will have interviews with the ceos of barrack and viacomcbs. do not miss that. coming up, u.s. deputy national security advisor will be joining balance of power with david westin on bloomberg television and radio. the table is coming up on dab digital radio. this is bloomberg. ♪ ♪ yep, it's go time on the most reliable network. you get unlimited for just $30 bucks. nice! but mine has 5g included. yep, even these guys get it. and the icing on the cake? saving up to $400 bucks? exactly! xfinity mobile. it's wireless that does it all and saves a lot. get the new samsung galaxy s22 series on xfinity mobile. and right now, save big with up to $750 off a new samsung device. switch today. >> from the world of politics -- >> they cannot constantly bid a state of battle readiness. that is probably the gamble vladimir putin is taking. >> to the world of business -- >> it is clear esd is important not just for investors but for consumers and employees to make sure as a

nvidia wanted to buy them. imagine them not wanting that to happen. susan: nvidia has $1 billion. stuart: they are made for the iphone. do you think the chinese want nvidia to get that? susan: with china as apple's second largest market. in terms of why not make the deal? it is worth $60 billion based on the current stock price. 1 billion and a quarter billion dollar breakup, they have to pay because of the collapse of the deal. stuart: they should see the collapse coming. susan: if you look at the stock price, not a big hit to the bottom line because it is firing on all cylinders. you doubled over the past year and graphics gaming is the bread and butter. if nvidia lose $1.4 billion it is fine. amd is up because the chipmakers are surging this year and the meme stocks have a lot of cash so in san diego, moviegoers back to watch spiderman. i want to show you tesla on screen, two senators send a letter to tesla about self driving software that i told you about last week. self driving subscribers, the car not stopping fully. stuart: will people go back to watching movies? lauren: de

so nvidia have been using artificial intelligence to solve those day—to—day problems. in staring at a screen during an endless meeting is definitely an issue. so gaze correction can appear like you are always looking straight ahead. like you are always looking straightahead. something like you are always looking straight ahead. something that seems minor but is actually really important. let's say you're in an interview and you want to sneakily read some notes. or even in and not to interesting meeting you can just look like you are paying attention. right. left. so it could look great or it could look weird. does it look like i'm looking at the screen now? yes! is that weird? it i'm looking at the screen now? yes! is that weird?— yes! is that weird? it looks like you — yes! is that weird? it looks like you are _ yes! is that weird? it looks like you are flirting - yes! is that weird? it looks like you are flirting with i yes! is that weird? it looks| like you are flirting with me or something.— like you are flirting with me or somethina. �* ., ., ,, ,, ., or s

. >>> the chip giant nvidia hit by a cyberattack, the telegraph saying the attack has taken parts of nvidia's business off line for the past two days this comes as nbc reports president biden has been presented with offensive cyber options against russia cyber stocks helping to lift the nasdaq higher on the week with names like palo alto, cloud fair, crowdstrike, rising double digits over the last two sessions our next guest says cy cyber warfare is a real possibility as russia could respond to sanctions on the s.w.i.f.t. banking system with an attack on s.w.i.f.t. itself joining us now, david kennedy, trusted sec ceo and former nsa and marine corps hacker. david, welcome back. good to have you with us >> thanks for having me. >> we see this one attack apparently, against a technology company. what should companies be ready for? what types of companies are most at risk? and what about american consumers? what should they be looking out for? >> yeah, as of right now, things start to seem like they're heating up we saw initially during the invasion where ukraine got hit with what was c

but for most of us, video calls will remain as our standard way of communicating, so nvidia have been using artificial intelligence to solve those day—to—day problems. and staring at a screen during an endless meeting is definitely an issue, so gaze correction can make it appear like you're always looking straight ahead — something that seems minor, but is actually really important. let's say you're in an interview and you want to sneakily read some notes. or even in a not—too—interesting meeting, you can just look like you're paying attention. right. left. another obsession sweeping through the tech world is the photorealistic avatar. this handsome chap can even track my expressions in real time. it freaks me out a bit, but let's see what the team thinks. have you ever seen max headroom from the �*805? i have not. i recommend you check it out because you're basically him. but those rugged good looks may be intimidating for some. yeah, i'd rathertalk to real people, i think. call me traditional! and whilst not as sci—fi, one vitally important thing that nvidia claims the

you'll see nvidia. you'll see nvidia, and you will see tesla because it was in the benchmark. the only one we overlap with is tesla. >> why such a reticence to concede that some of these stocks that have suffered dramatic declines will never come back to the level at which they once were you won't concede that you think all of these stocks they read on the list plus others that are down by significant amounts as well will come back to the prior levels they were? >> absolutely. absolutely, and beyond you'll notice what we do during risk off periods and this one has been particularly long one year which has taken our stocks into bargain base pricing and i'll say that again, but the names you read have migrated into our top ten because we have concentrated our holdings towards our highest conviction names and most of the names you read are top ten i think many of them are platform companies and many of them will harness artificial intelligence in a way that others cannot. tesla has been case in point and we have a lot of tesla-like stocks in our portfolios and they will use artif

to sort of echo pete, nvidia traded down to the january 27th low. that's coming off an all-time high a few months ago, 346 and the amd intraday move then the announcement of a stock buyback. >> here's the question i have tonight and i asked this same question on halftime report, but i think the market rally into the close is more sort of you know, credence or weight to this notion that maybe we've seen a bottom in technology maybe we've seen the worst of it did we, tim? >> i think we were oversold. we've talked about investor sentiment. we've talked about some things though yesterday the technical picture didn't repair itself today. and it was nice to see a close on the high after a day where we closed on the lows, but theoretically, again, i think it's a lot easier to own, especially in a world where there are geopolitics and while megacap tech companies have inflationary exposures certainly on labor side, but not related to oil and gas per se directly, and to the extent these are businesses boom ing in this country. businesses that haven't been al

do i pick nvidia, amd, or intel? jim, i'm surprised to the answer you gave our producers, but why don't you tell the viewers what it is. >> i know you're very happy about my answer, scott, because there is a strong potential -- >> surprised >> there's a strong potential i may get back into intel soon, and i know that will tee it up for you to have some wonderful times spiking the football in my face i know you've missed those the last 18 months i've been out, but basically, this is a business about scale intel is the second largest semi conductor company out there. scale matters. it gives them better margins, and they may be turning them around also, listen to my final trade for a better pick. >> when did you sell intel where was it do you remember the number i don't remember >> it was around this level. so it was not a good sale. i think it was object of 2020. but the reason it was a good sale is the last four quarters or whatever it is, i haven't had to listen to you and josh just beat me over the head about nvidia