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mark zuckerberg said this could take a while to see the revenue pay off. >> i think zuckerberg hit it right on he addressed the issue, the spending that it will take it's an a.i. arms race and them need to spend. if they don't spend, they will fall behind. they guided, what, half a billion below estimates for quarter two. they're going to do or have done $14 billion in revenue it was about a billion above estimates on expenditure they're going to take in less. the market didn't like it. we've seen that from some of the previous reports this is a. iflt, the important thing is to keep spending. we added tesla on monday and that turned out to be one that turned out pretty good 98% of meta's revenue comes from advertising, and we're in an election year, and that will be pretty critical. that could be a good tail wind with beats, they're laying the bar pretty low >> just to be clear, you added to your position ahead of the result but you're not taking advantage of the sell-off today to continue to do so >> i want to see where we settle out. i think there's really solid support at the previ
mark zuckerberg said this could take a while to see the revenue pay off. >> i think zuckerberg hit it right on he addressed the issue, the spending that it will take it's an a.i. arms race and them need to spend. if they don't spend, they will fall behind. they guided, what, half a billion below estimates for quarter two. they're going to do or have done $14 billion in revenue it was about a billion above estimates on expenditure they're going to take in less. the market didn't like it....
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Apr 24, 2024
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going to be interesting to hear what zuckerberg has to say about a.i., after tesla and elon musk. that's going to do it for us here at "overtime. >> “fast money” starts now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money. here's what's on tap tonight a meta meltdown. shares hitting levels not seen since late january, as revenue guidance comes in below expectations this is the beginning of the end for the megacap rally? >>> plus, not the only earnings report catching our eye today. from ford to chipotle to ibm, we're digging into all of tonight's results and bringing you the trades. >>> and later, believe the bounce shares of tesla putting in their best day since january of 2022 even after an earnings report that left many pretty unimpressed. is this a sign that the ev maker can get back on track, or will a different reality set in for the stock? i'm courtney reagan in this evening for melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami.
going to be interesting to hear what zuckerberg has to say about a.i., after tesla and elon musk. that's going to do it for us here at "overtime. >> “fast money” starts now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money. here's what's on tap tonight a meta meltdown. shares hitting levels not seen since late january, as revenue guidance comes in below expectations this is the beginning of the end for the...
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Apr 25, 2024
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mark zuckerberg wore a chain and nothing is the same. i think a.i. is expensive. it makes sense that investors are nervous about that because the reality is last time zuckerberg went on one of the tangents in the metaverse was not good the difference is there is a "there" there. they have the data which you cannot overstate the importance. i think that this bet is going to payoff. >> people are scared when you have eps doubling year over year it is hard to be scared with that revenue growth. it is on the soft guidance on the increased spend. you said the chain thing, hilarious. the company took off with mma, but the chain is derailing that. we have to track that. he dipped into the metaverse is when the trouble started looking at the numbers loss of $8.5 billion. >> i think he should give it up. we see apple with the vision pro which will not happen. the market has not embraced this technology no matter who is selling it to them i like to see them get more from the metaverse. when you look at the thnumber, t is a weird pet project >> i want to talk about something
mark zuckerberg wore a chain and nothing is the same. i think a.i. is expensive. it makes sense that investors are nervous about that because the reality is last time zuckerberg went on one of the tangents in the metaverse was not good the difference is there is a "there" there. they have the data which you cannot overstate the importance. i think that this bet is going to payoff. >> people are scared when you have eps doubling year over year it is hard to be scared with that...
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Apr 25, 2024
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. >>> and meta shares sink in the trade despite the beat on earnings as mark zuckerberg rekindles fears of a.i. spending. >> we have shown we can build leading models and be a leading a.i. company in the world. >>> welcome to "street signs." we start today's show with the acquisition news bhp confirmed it made an offer to buy london listed anglo american with the share capital of 31 billion pounds anglo america is looking to review the offer a significant potential deal here we have karen tso joining us karen, outline the potential deal >> we had this discussion a few years ago. we were all puzzled. we were staring out into the abyss looking for the acquisition. something changed last year. the san pcompany is preparing fe future copper is no longer discussed as dr. copper it is now dr. green in the energy transition and future tre trends copper is in infrastructure and power grids and consumer products and smartphones you see why it is pivopivotal. bhp has consolidation attempts with anglo america it is pivotal. we are talking about the proposal in discussion with shares you see the es
. >>> and meta shares sink in the trade despite the beat on earnings as mark zuckerberg rekindles fears of a.i. spending. >> we have shown we can build leading models and be a leading a.i. company in the world. >>> welcome to "street signs." we start today's show with the acquisition news bhp confirmed it made an offer to buy london listed anglo american with the share capital of 31 billion pounds anglo america is looking to review the offer a significant...
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Apr 25, 2024
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for servicenow, and mark zuckerberg says, forget it? >> we're may thiking a lot of m on it already because we have small language models that are domain specific. they don't take a lot of compute power. they're lightning fast, and they're highly secure because it's the customer's own data and we also remain open to the ecosystem and all the models because they fully integrate with servicenow, should the customer wish to go that way, and you know, that's the best of both worlds for the customer totally open, but at the same time, today, we're taking great companies like microsoft and ibm. they're transforming their employee experience with digital-first support models, freeing up resources and fueling innovation with service now's gen a.i. or novartis, great ceo, delivering new drugs while increasing operating efficiencies, and he's streamlining clinical trials, research, and financial management with gen a.i. from servicenow and we're billing for that right now. so, the game is on at servicenow >> right, again, and i totally agree with
for servicenow, and mark zuckerberg says, forget it? >> we're may thiking a lot of m on it already because we have small language models that are domain specific. they don't take a lot of compute power. they're lightning fast, and they're highly secure because it's the customer's own data and we also remain open to the ecosystem and all the models because they fully integrate with servicenow, should the customer wish to go that way, and you know, that's the best of both worlds for the...
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Apr 25, 2024
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right with zuckerberg you should too i like to say there's always a bull market somewhere, i promise to try >>> right now on last call, intel shares tanking. investors losing even more money. you will hear excessively tonight from the ceo. >>> 44%? a huge capital gains tax hike proposal has flown under the radar until now. >>> the revenge of inflation. a critical report looming over the market tomorrow. we will show you how to prepare. >>> disrupting defense. how billionaire lucky just how did the industry's biggest player and lucky will be here.
right with zuckerberg you should too i like to say there's always a bull market somewhere, i promise to try >>> right now on last call, intel shares tanking. investors losing even more money. you will hear excessively tonight from the ceo. >>> 44%? a huge capital gains tax hike proposal has flown under the radar until now. >>> the revenge of inflation. a critical report looming over the market tomorrow. we will show you how to prepare. >>> disrupting defense....
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Apr 26, 2024
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mark zuckerberg is investing in a.i., but did not have a clear path forward richard, does a.i. matter when it comes to the ad space i don't think we quite see the impact of it when it comes to the copilot. in the ad space, is there a definitive use case? >> the reality is a.i. has been driving the ad business for years already. all of the google search recommendations and youtube recommendations and ad placements on meta are all driven by machine learning or a.i. technology already. that's already embedded in the business what zuckerberg is rightly pointing out will take more time is the new products and assistants that consumers have to get comfortable using make most mistake, the digital ads business for meta and google runs on a.i. today >> i never thought about it before you are right. talking about something to your friend and all of a sudden it pops up on the timeline as a advertisement. it is an ad function we have some other players coming up. one is amazon with the growing digital ad business. is that read from what we see from google the? >> neither amazon has a digit
mark zuckerberg is investing in a.i., but did not have a clear path forward richard, does a.i. matter when it comes to the ad space i don't think we quite see the impact of it when it comes to the copilot. in the ad space, is there a definitive use case? >> the reality is a.i. has been driving the ad business for years already. all of the google search recommendations and youtube recommendations and ad placements on meta are all driven by machine learning or a.i. technology already....
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Apr 25, 2024
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the first pick we're selecting meta it's an easy choice for us, and when there's a player like mark zuckerberg out there, we want him on our team. >> all right, karen, what do you think about meta's sell-off today? is that one of the reasons that fed into -- i mean, maybe it was a close choice between meta and something else and today's sell-off in meta boosted it to the top pick >> it is the reason we chose it. it was not on our list but we had to make a game-time adjustment because this opportunity presented itself to us i think that the sell-off is somewhat overdone, considering mark zuckerberg's problems as seo, considering the strength of the business, the valuation is not stretched at all >> that's the first pick next up is steady eddie, eddie george tim, let's get your reaction to the first pick >> some game theory by karen pointing out yesterday or the day before, meta has outperformed the s&p for good reason by probably almost 175% in the last year or so if you think about what we heard last year, the year of efficiency might be gone they talked about higher costs, downgraded q1 and q
the first pick we're selecting meta it's an easy choice for us, and when there's a player like mark zuckerberg out there, we want him on our team. >> all right, karen, what do you think about meta's sell-off today? is that one of the reasons that fed into -- i mean, maybe it was a close choice between meta and something else and today's sell-off in meta boosted it to the top pick >> it is the reason we chose it. it was not on our list but we had to make a game-time adjustment...
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Apr 30, 2024
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meta was the issue for spending and mark zuckerberg's comments. >> thank you, kate. let's get more insight on amazon which reports after the close today with daniel newman. daniel, good morning. kate hit on a number of points. cloud computing show revenues for aws increasing 15% year over year. is that good enough after the jump we saw from alphabet and microsoft? >> amazon has a tough situation. the speed of growth with google at 30% and microsoft in the mid-20s. amazon has slowed down in growth compared to the competitors, but being the largest for the longest time, it is still a law of numbers. everybody wants more growth and they want it faster. aws that's show it can compete with the rivals. i don't think it is just about how fast cloud is growing, frank. it is about how much they can compel the market that their a.i. market solutions and capabilities are competitive with google and microsoft which seem to have more of the finesse. amazon came later with the bedrock and anthropic partnerships. people will look at the levers and look to see if it will grow quickl
meta was the issue for spending and mark zuckerberg's comments. >> thank you, kate. let's get more insight on amazon which reports after the close today with daniel newman. daniel, good morning. kate hit on a number of points. cloud computing show revenues for aws increasing 15% year over year. is that good enough after the jump we saw from alphabet and microsoft? >> amazon has a tough situation. the speed of growth with google at 30% and microsoft in the mid-20s. amazon has slowed...
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Apr 25, 2024
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we start with nvidia zuckerberg posted on instagram in january it would have roughly 350,000 chips by the year end. this week also elon musk said that tesla's currently using about 3500 h-100 chips that's almost at that 40,000 mark with clients adding another 50,000 by year end all of that means money in the pocket of the ceo of nvidia. tesla and meta are indicative of strong demand for ai servers as of q4 last year, meta was about to be a 10% contributor to total revenues, so shares are up over 4%. and then arista networks, contributing 21% of 2023 revenue. so meta is spending on arista. the shares are also up and then pure storage, storage for data centers they had a 10% customer in 2023. that's assumed to be meta. and then broadcom and meta work closely together on custom networking chips and lastly, meta promised to use amd's new mi-300 chip, they were discussing this at amd's last event, which is a competitor to nvidia, which could also bode well >> a lot of spending on that infrastructure >>> we'll have a lot more coverage of today's selloff ahead. let's get some show and tell,
we start with nvidia zuckerberg posted on instagram in january it would have roughly 350,000 chips by the year end. this week also elon musk said that tesla's currently using about 3500 h-100 chips that's almost at that 40,000 mark with clients adding another 50,000 by year end all of that means money in the pocket of the ceo of nvidia. tesla and meta are indicative of strong demand for ai servers as of q4 last year, meta was about to be a 10% contributor to total revenues, so shares are up...
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Apr 26, 2024
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i think that zuckerberg saw things in the future that still remain competitive we have, first of all, we own facebook we have clients from facebook. we have former clients that were in facebook. we have owned the stock for a long time. we believe in the direction of ai and that just shows that capital expenditure that meta did was necessary to remain competitive. >> tom, thank you very much. appreciate it. >> thank you, tom. thank you, contessa. >>> bond yields a big deal in the stock market, pulling back today following the pce report and after hitting five-month highs yesterday and contributing to the stock selloff for more on the economy and the bond market, let's go to chicago and rick santelli. >> indeed, thank you a lot of big numbers yesterday gdp, some of the pricing mechanisms within. and of course today's income spending is inflationary numbers. and we have jerome snyder. what do you see in the numbers yesterday and today? >> obviously from a headline perspective, gdp was at the 1.5% range. overall, we think the growth of the economy is still being stimulated by the impulses
i think that zuckerberg saw things in the future that still remain competitive we have, first of all, we own facebook we have clients from facebook. we have former clients that were in facebook. we have owned the stock for a long time. we believe in the direction of ai and that just shows that capital expenditure that meta did was necessary to remain competitive. >> tom, thank you very much. appreciate it. >> thank you, tom. thank you, contessa. >>> bond yields a big deal...
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Apr 24, 2024
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>> a lot of people in tech think that's a tall task and nearly impossible the ideal that zuckerberg has problems hired thousands of data scientists to do that and hasn't been able to create that >> dei, thank you very much. >>> coming up, analysis by kff of health care.gov revealed on average insurers are denied almost 20% of claims we'll talk to the ceo of a tech company leveraging patients from that that's next. at corient, wealth management begins and ends with you. we believe the more personal the solution, the more powerful the result. we treat your goals as our own. we never lose focus on the life you want to build. and our experienced advisors design custom built strategies to help you get there. it's time for a wealth management experience as sophisticated as you are. it's time for corient. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get two unlimited lines for just $30 each a month. a
>> a lot of people in tech think that's a tall task and nearly impossible the ideal that zuckerberg has problems hired thousands of data scientists to do that and hasn't been able to create that >> dei, thank you very much. >>> coming up, analysis by kff of health care.gov revealed on average insurers are denied almost 20% of claims we'll talk to the ceo of a tech company leveraging patients from that that's next. at corient, wealth management begins and ends with you. we...
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Apr 29, 2024
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of the others as well and that's meta i understand that just on valuation it looks cheap, but mark zuckerberg keeps spending all of this money first on the metaverse and now he's spending it on infrastructure and things like nvidia and hyperscaler chips. is it really a value play if they're spending that much on this growth future and we don't know how long it will take to pan out? >> right look, it's uncomfortable for me as a value guy to recommend a mag 7 stock, but let's look at the stats. so meta is the only mag 7 stock selling at less than a market multiple based on next year's earnings and yeah. it's not a top line problem. it's a spending problem. this reminds me very much of amazon two or three years ago where the top line was doing just fine and they were opening warehouses and doing all of this stuff and the bottom line got cut. that's not the case here meta is still going to grow the bottom line, simply not by as much and the top line is healthy and this is not a slowing economy and this is not a slowing economy. this is a healthy company that's investing for the future and we can
of the others as well and that's meta i understand that just on valuation it looks cheap, but mark zuckerberg keeps spending all of this money first on the metaverse and now he's spending it on infrastructure and things like nvidia and hyperscaler chips. is it really a value play if they're spending that much on this growth future and we don't know how long it will take to pan out? >> right look, it's uncomfortable for me as a value guy to recommend a mag 7 stock, but let's look at the...
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Apr 11, 2024
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. >> 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 darling but docusign has a lot more going for it than that. i'm hearing more about the company's new era and outlook with the ceos. and you don't want to miss it. so stay with cramer! >
. >> 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...
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Apr 23, 2024
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they need to come out, or eli needs to come out -- they could take a page from mark zuckerberg and stop talking about rubber taxis like he was talking about the meta-verse. there are doing layoffs, which is smart. they need to get fit, they need to come up with a plan of, we need to get ev sales in line, full self driving subscription, let's hear about that, let's hear about optimist, let's hear about the other things they are doing, let's not talk about robo taxis. if that is part of the narratives, then the stocks are going to go down, but i think the line, he didn't go to india, i think he is going to take this seriously, and i wouldn't want to be short going into this call because there is so much bad news in there, scott. >> even if he puts it in your words "seriously," how would you deal with, reconcile, continued price cut when the street things they are done losing market share in china? you mentioned, getting leaner. you know, the whole strategy shift, if you will, this robotaxi idea, if you will, which you don't want to hear anymore about, what you might, and i'm curious about
they need to come out, or eli needs to come out -- they could take a page from mark zuckerberg and stop talking about rubber taxis like he was talking about the meta-verse. there are doing layoffs, which is smart. they need to get fit, they need to come up with a plan of, we need to get ev sales in line, full self driving subscription, let's hear about that, let's hear about optimist, let's hear about the other things they are doing, let's not talk about robo taxis. if that is part of the...
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Apr 24, 2024
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is a bigger orderer zuckerberg -- it's so fast, and so if he gets tiktok, and he's got all -- he has 300,000 -- the biggest buyer, other than amazon, of what jensen offers, the world's, like i said, the world's his. remember when congress hated him? >> they're also running llama. >> llama 3 >> open source a lot of people are worried about that that open source >> we hated it when he was closed source. >> i know, but a lot of bad actors, and what are they going to do? back to the a.i. conversation. >> you know what yesterday, i sent someone a chip, a video, and it wasn't apple, and it didn't go through. justice department >> the green bubble phenomenon >> made me feel much better about jonathan kanter. >> so much for that vision pro >> that's because they haven't made it a business-to-business play with jensen huang they're still keeping it as a consumer product he's talking about the dramatic cut. >> yeah. long-time supply watcher on apple says they have cut their vision pro forecast for the year >> look, like i said, the long knives are out for apple >> you made the point a few time
is a bigger orderer zuckerberg -- it's so fast, and so if he gets tiktok, and he's got all -- he has 300,000 -- the biggest buyer, other than amazon, of what jensen offers, the world's, like i said, the world's his. remember when congress hated him? >> they're also running llama. >> llama 3 >> open source a lot of people are worried about that that open source >> we hated it when he was closed source. >> i know, but a lot of bad actors, and what are they going to...
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Apr 11, 2024
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he has an amazing relationship with zuckerberg, and zuckerberg wants all the chips he can get. one of the things that jensen said to me was that zuckerberg would buy everything. amazon would buy everything. >> right. so, you don't question the continued demand for nvidia's product, and i come back yesterday, when we had a discussion about it, the 28 multiple on calendar year 25 earnings. >> it's -- >> you're talking about -- >> it's just not an expensive stock. >> you're talking about them not being able to meet demand at this point, one would anticipate the growth rate is going to be pretty significant. >> it will be. this is selling, as of right now, it's at 26 times 2026 numbers. >> yeah, yeah. >> i mean, procter & gamble is more expensive. this is a technological marvel. and you know, i just don't understand how people value it so inexpensively, and yet all i hear about is how kpexpensive i is. it's a bubble, it's a bubble, it's a bubble. enough with the bubble. can we go to carl? >> let's do that. carl's in colorado. he gives us a sneak peek of "cities and success: denver
he has an amazing relationship with zuckerberg, and zuckerberg wants all the chips he can get. one of the things that jensen said to me was that zuckerberg would buy everything. amazon would buy everything. >> right. so, you don't question the continued demand for nvidia's product, and i come back yesterday, when we had a discussion about it, the 28 multiple on calendar year 25 earnings. >> it's -- >> you're talking about -- >> it's just not an expensive stock. >>...
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Apr 26, 2024
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what this said is, i understand exactly why zuckerberg has to spend the money, because this is an arms race who has the best a.i.? who has the best interaction with when you speak to a.i.? and right now, alphabet surprised me >> you seem a lot more interested in this than core pce. >> core pce -- >> we tried. we tried to lead with the core pce, and you came up with a word, pangloss, and nobody knows what you're talking about, and we moved on. >> forget the pangloss forget it. it wiped it out in the sense that we no longer have to be as concerned. i will go so far as to say that, let's say president trump were elected, i think he'd say, you know what? fed, knock yourself out. as opposed to "the new york times" story or the "wall street journal" story which basically said no interest rate moves would be made without him. this move is good enough to make it so powell is able to say, if things don't go our way, we can cut again. we can because it was not stagflation that was an amazing story. it's not stagflation that's what happened we took stagflation off the table, david >> so, it laste
what this said is, i understand exactly why zuckerberg has to spend the money, because this is an arms race who has the best a.i.? who has the best interaction with when you speak to a.i.? and right now, alphabet surprised me >> you seem a lot more interested in this than core pce. >> core pce -- >> we tried. we tried to lead with the core pce, and you came up with a word, pangloss, and nobody knows what you're talking about, and we moved on. >> forget the pangloss...
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Apr 24, 2024
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topic, the law that president biden just signed forcing a sale or ban of tiktok.a we will see if mark zuckerberg has anything to say about that. >> we will grappled with tiktok in a few minutes. do you think analysts on the call will press meta about how they can give it and react and try to take advantage? >> reporter: a number of analysts have laid out how much meta would benefit , instagram and its core platform, would benefit from increased engagement if the time spent on tiktok were to go away. tiktok is the most popular app in terms of time spent for mac americans. if that went away, no doubt meta would benefit in terms of engagement and ad revenue. they have already laid out a lot of those numbers. i don't know if there is an expectation that meta would need to pivot to take advantage of that. there may be questions and i think meta will avoid saying anything very specific especially because tiktok will be clear that they will challenge this in the courts. no doubt, if tiktok went away , meta would benefit. >> imagine what you could do with those hours spent on tiktok , pick up litter on
topic, the law that president biden just signed forcing a sale or ban of tiktok.a we will see if mark zuckerberg has anything to say about that. >> we will grappled with tiktok in a few minutes. do you think analysts on the call will press meta about how they can give it and react and try to take advantage? >> reporter: a number of analysts have laid out how much meta would benefit , instagram and its core platform, would benefit from increased engagement if the time spent on tiktok...
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Apr 16, 2024
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. >>> and meta ceo mark zuckerberg claimed he hit fad facebook's harmful effects on children. >>> and we get earnings from bank of america and morgan stanley and pnc and johnson & johnson and united airlines. we will have jay powell speaking this afternoon. before that, don't miss our interview with ecb president christine lagarde at 9:00 a.m. >>> let's look at the trading day ahead and bring in david katz. david, good morning. i'll jump into it. looking at futures lower right now. what is your "wex" word of the day? >> unsettled. a number of uncertainties that the market is dealing with. whether israel and iran or interest earnings season. this causes the market to be uncomfortable. you have the downside over the short term. >> what do you expect from jay powell this afternoon? a lot of anticipation about the rate cut path. the market is sold off on the higher than expected retail number which gave investors a feeling the rate cuts were pushed further out. >> we don't think he will say anything that significant new. we think he will talk about the fed ultimately lowering rates, but n
. >>> and meta ceo mark zuckerberg claimed he hit fad facebook's harmful effects on children. >>> and we get earnings from bank of america and morgan stanley and pnc and johnson & johnson and united airlines. we will have jay powell speaking this afternoon. before that, don't miss our interview with ecb president christine lagarde at 9:00 a.m. >>> let's look at the trading day ahead and bring in david katz. david, good morning. i'll jump into it. looking at...
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Apr 3, 2024
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it was the year of efficiency according to mark zuckerberg and what he did with meta. we're seeing it in the financial sector, but nobody is talking about it. the price sector is starting to lead us that way. we're back to where we were last march during the financial crisis. it looks like we're about to go. pnc is a great name. >> going home, i like that. philadelphia. thank you very much foth.r at >>> keep it right here, guys. "squawk box" is coming up next. (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts. >>> good morning. futures pointing to more losses after big back-to-back days climbing for your the dow, and commodity prices continuing to rise. we'll show you what let's moving right now. >>> plus, a report says disney has secured enough votes to defeat trian in its battle, but neither has
it was the year of efficiency according to mark zuckerberg and what he did with meta. we're seeing it in the financial sector, but nobody is talking about it. the price sector is starting to lead us that way. we're back to where we were last march during the financial crisis. it looks like we're about to go. pnc is a great name. >> going home, i like that. philadelphia. thank you very much foth.r at >>> keep it right here, guys. "squawk box" is coming up next. (woman 1...
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Apr 5, 2024
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zuckerberg. and, oh, i don't know. wow. unbelievable. these were all really great. i am willing to go this weekend and look at the club holdings, throw them away, asking betsy what to do, and then i will be here after the break. what is cirkul? cirkul is the fuel you need 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. >> lightning round is sponsored by charles schwab. trade brilliantly. >> it is time. this special march madness issue of lightning round, we will be taking it in the final four rapidfire. and then the lightning round is over. are you ready! i am going to start with danosh from the university of connecticut. danosh! >> these economist vehicle deliveries, what are your thoughts on this initiative? as far as reaching out on the next five years? >> oh, i like uber. i think this stock is a bye, bye, bye. >> well? >> what is going on, jimmithy? >> i have been in favor of nvidia but that does not mean i am not in favor of wells fargo.
zuckerberg. and, oh, i don't know. wow. unbelievable. these were all really great. i am willing to go this weekend and look at the club holdings, throw them away, asking betsy what to do, and then i will be here after the break. what is cirkul? cirkul is the fuel you need 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. >> lightning round is sponsored by charles...
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Apr 8, 2024
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mark zuckerberg sold shares for the first time in three years. he cashed in $135 million of shares. peter thiel selling for the first time in three years selling $175 million of palantir. s snowflake's ceo cashed in weeks before he announced his departure. insider sales don't mean a top for the stocks, but studies show, frank, that the insiders tend to sell near or at the near-term peak and they certainly, based on the market moves, call it pretty well in the first quarter by selling. >> all right. robert frank with the latest on insider selling. thank you. >>> coming up on "worldwide exchange," the rate reality. what a better than expected jobs report could mean for the fed and the stocks path forward. eaafr isbe right back teth brk. oh no, a rash. maybe it'll go away. awww, how am i going to find a doctor i'll actually like? is that a qr code? dr. stafford makes you feel at ease. thanks rash! you've got more options than you know. book now. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you c
mark zuckerberg sold shares for the first time in three years. he cashed in $135 million of shares. peter thiel selling for the first time in three years selling $175 million of palantir. s snowflake's ceo cashed in weeks before he announced his departure. insider sales don't mean a top for the stocks, but studies show, frank, that the insiders tend to sell near or at the near-term peak and they certainly, based on the market moves, call it pretty well in the first quarter by selling. >>...
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Apr 24, 2024
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all that's happened is that mark zuckerberg has so-called feel and dust. the stock is down, because he's given a really dire forecast. even though the company is doing well. that would be an example of when i might be willing to violate my basis. because it's so far down. but, it takes a lot of discipline to violate a basis for me. and i don't like to do it, because i've been doing this for 20 years. there are so few times i violated my basis, and maybe money where i tend to just say forget about it. let's go to chris in colorado. what is the club consider adding a rita to the portfolio to increase the portfolio diversity? if so, with the timing be related to interest rates coming down due to the federal reserve cutting rates? yes. i'm very interested in simon, and i'm very interested in tanker. and i'm very interested in federal realty. all three of those things work for me at situations that i might want to buy. thank you to all of our fantastic club members who sent in the questions. let me say a couple of things. one, yes i did have to recommend buying
all that's happened is that mark zuckerberg has so-called feel and dust. the stock is down, because he's given a really dire forecast. even though the company is doing well. that would be an example of when i might be willing to violate my basis. because it's so far down. but, it takes a lot of discipline to violate a basis for me. and i don't like to do it, because i've been doing this for 20 years. there are so few times i violated my basis, and maybe money where i tend to just say forget...
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Apr 25, 2024
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product and a lot of advertising dollars and they do get it but is there some other strategy that mark zuckerberg is thinking about? >> yes. he really spent a lot of time on the call and it could be very aggressive and they see opportunities and he went through a number of ways they could potentially monetize ai. so far it's just this but it's driving consumers to spend more time and that has played out today and in the future he outlined a few initiatives and business messaging is one of them and the one i think it is most interesting is they could use ai to enable customers to pay for bigger ai models and compute. when you think about meta, you don't think of open ai model but if you look at some the benchmarks, all of a sudden they are at the very top of the list and the top five by some comparisons and what you can do is start to charge or develop using the model and you can potentially bundle to compute and if you look at some of these you have seen from the likes of as your -- is your -- azure. it will take time but if you're at that level and you want meta to remain relevant in the future
product and a lot of advertising dollars and they do get it but is there some other strategy that mark zuckerberg is thinking about? >> yes. he really spent a lot of time on the call and it could be very aggressive and they see opportunities and he went through a number of ways they could potentially monetize ai. so far it's just this but it's driving consumers to spend more time and that has played out today and in the future he outlined a few initiatives and business messaging is one of...
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Apr 5, 2024
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. >> is mark zuckerberg that compelled to increase efficiency? is uber that compelled with the share price this high or do they say, oh, maybe we can get -- >> i don't think they have to increase efficiency. i think they've already done that. now they're focused on growth. >> give me netflix, weiss, because the target got raised to two street highs, it's the other one, 765 pivotal. what do you think? >> it's not a big position. i wish it were. i can't add to it up here. i was getting very excited in the sell-off, probably would get to buy more, and i didn't. i wish it were bigger but it's not. there will be two winners in streaming. amazon has cut back in production. it's a nonevent. they don't need to have streaming, content to join prime. so it's going to be hulu/disney and it's going to be netflix. that's it. nobody else can afford to spend on it. so those are the winners. netflix will be the major winner, and so that's why i think you have to stay there. streaming is not going to go away. that will allow them to cut back on what they spend on
. >> is mark zuckerberg that compelled to increase efficiency? is uber that compelled with the share price this high or do they say, oh, maybe we can get -- >> i don't think they have to increase efficiency. i think they've already done that. now they're focused on growth. >> give me netflix, weiss, because the target got raised to two street highs, it's the other one, 765 pivotal. what do you think? >> it's not a big position. i wish it were. i can't add to it up here....
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Apr 22, 2024
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so zuckerberg, every call opens up saying we have three billion people touching our platform every day. we are focused on doing it efficiently. when they keep with that tone and they continue to roll out some of the innovations like they are doing with meta ai. that there will be more users that want to be on the platform. and here they will continue to hear good things from the field about where they sit. >> i was speaking last hour about meta and whether it will get sufficient credit for its positioning in ai. that it may be sort of a stealth gain in that area. would you speak to that point and compare it on ai with, for example, microsoft and google? >> yeah. i think they're stealthier. i think if you think about where they sit is, right? if i'm sitting in my office, i'm not using meta, i'm using microsoft. so i look at microsoft and amazon as a great way to play ai for the enterprise. for the consumer world, meta and google and others are in a better position. so we kind of put our investors in different buckets of hey, this is more of a consumer facing story today. over time meta
so zuckerberg, every call opens up saying we have three billion people touching our platform every day. we are focused on doing it efficiently. when they keep with that tone and they continue to roll out some of the innovations like they are doing with meta ai. that there will be more users that want to be on the platform. and here they will continue to hear good things from the field about where they sit. >> i was speaking last hour about meta and whether it will get sufficient credit...
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Apr 26, 2024
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and the largest shareholder in the business is making the investment, that being zuck zuckerberg to me, i bought it at 416. i thought it was way, way overdone selling it. they had a great quarter the guidance is pretty good going forward. because they're increasing cap backs for the right reasons, they will be exponential in terms of gains going forward why wouldn't you do it >> it's a lot of your trading colleagues felt it was overdone because the quarter was strong you have to invest in ai for the future that's a huge opportunity. >> now here's what i will tell you. it is a super sized position what i mean by that, it is irresponsibly large at this point. >> okay. >> so my core position stays, and this will be, you know, at some point i've already got a gain on it but i think my gain could be dramatic for me here. >> jim, you press the buy button on nvidia. nice price action today, up 5%. >> yeah. we have a meaningful pullback. it's found its footing it's going higher. i continue to think the valuation on this name is actually quite inexpensive i know at mid-30s some people may look
and the largest shareholder in the business is making the investment, that being zuck zuckerberg to me, i bought it at 416. i thought it was way, way overdone selling it. they had a great quarter the guidance is pretty good going forward. because they're increasing cap backs for the right reasons, they will be exponential in terms of gains going forward why wouldn't you do it >> it's a lot of your trading colleagues felt it was overdone because the quarter was strong you have to invest in...
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Apr 24, 2024
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and so i can tell you mark zuckerberg, elon musk, tim cook, satya and amy, i can tell you who is running it and what they're doing. you can't do that with google. for me, with my strategy that eliminates it from my portfolio. >> so let's talk tesla bryn, i'll start with you. we made it our chart of the day, obviously, on the back of earnings it is higher it's not like the earnings report was great it was far from it but this idea of what musk talked about about the production of affordable new evs by early '25 is what has jump started the stock today, so you'll take the leader of this company at his word, i suspect the market seems to be >> yeah, well, you and i talked about this on "closing bell" yesterday, and i said, the sentiment and the bearishness on this stock, right, not the company, on the stock, was so loud, it was deafening if i was short the stock, which clearly i'm long, i would not be short this name going into the earnings print if they do even less, the stock is going to pop. that's exactly what happened i thought it was a very good earnings call. elon was like the adult
and so i can tell you mark zuckerberg, elon musk, tim cook, satya and amy, i can tell you who is running it and what they're doing. you can't do that with google. for me, with my strategy that eliminates it from my portfolio. >> so let's talk tesla bryn, i'll start with you. we made it our chart of the day, obviously, on the back of earnings it is higher it's not like the earnings report was great it was far from it but this idea of what musk talked about about the production of...
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Apr 24, 2024
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i think investors trust mark zuckerberg, he has regained a reputation with them for being frugal, driving innovation of the company and spending on the right things, including $10 billion on h 100 ships. >> so, that is a big day for you, as well? are you as optimistic there, as you are with meta? >> more cautious on google, but here is the thing about google. there is only one mag 7 stock that is up over the last month, it is google. i think the story with that is, a month ago, investors had totally written off google. they gave up on it. we had the gemini issues -- >> longer back than a month ago. >> it was ugly. >> basically, for the last year, the noise around that company is that it is lost. >> yes. >> not only lost the ai race, but it has just lost. >> right. internally, it feels like the good news is, though, we are starting to see just a little bit of them coming back to sanity, coming back to reality, and may be a meta like year of efficiency. we saw yesterday, the search boss talked about efficiency. and it is funny hearing their search boss say, "we need urgency at google," is e
i think investors trust mark zuckerberg, he has regained a reputation with them for being frugal, driving innovation of the company and spending on the right things, including $10 billion on h 100 ships. >> so, that is a big day for you, as well? are you as optimistic there, as you are with meta? >> more cautious on google, but here is the thing about google. there is only one mag 7 stock that is up over the last month, it is google. i think the story with that is, a month ago,...
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Apr 19, 2024
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it is a competitor of chatgpt and genemini mark zuckerberg says he believes meta a.i. is the most intelligent assistant you can freely use take a look. we are not taking a look at the video. we could chat with our bot or chat among ourselves about the story. by the way, llama 3 is pretty good it is probably not as good, to be straight with you, and claude 3, by anthropic, is outrageous. >> i'm a neo -- you speak of things i have no knowledge of. >> you will use it and it is for a free tool you can use and it is pretty great. i happen to be a proud owner and maybe i'll wear them next week of the ray bans they sell. meta has partnered with ray ban for a pair of sunglasses there are cameras in the glasses. speakers in the tips of the glasses. you can talk to the glasses. you can ask a question you can say, what kind of coffee is this. just looking at it and the camera is looking at the coffee. >> how are you looking at results? >> you are not it is talking to you if i were to say this a perfect world, i would wear the glasses looking at you and say -- who is this person?
it is a competitor of chatgpt and genemini mark zuckerberg says he believes meta a.i. is the most intelligent assistant you can freely use take a look. we are not taking a look at the video. we could chat with our bot or chat among ourselves about the story. by the way, llama 3 is pretty good it is probably not as good, to be straight with you, and claude 3, by anthropic, is outrageous. >> i'm a neo -- you speak of things i have no knowledge of. >> you will use it and it is for a...
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Apr 19, 2024
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, until the cfo says we are -- we're getting clobbered in xyz, people will keep selling it >> right zuckerberg did unveil this chat bot, which is intended to challenge chatgpt and bing and gemini and talked about a.i. investments. take a listen to zuck. >> we're investing massively to build the leading a.i., and open sourcing our models responsibly is an important part of our approach the tech industry has shown, over and over, that open source leads to better, safer, and more secure products, faster innovation, and a healthier market and beyond improving meta products, these models have the potential to help unlock progress in fields like science, health care, and more. >> you probably start toying with it once it comes out. >> he's one of nvidia's largest clients. he said, ahead to the "time 100," which is now becoming a referential -- he said incredibly positive words about jensen if i were a customer of jensen, i would do that too, since you can't get all the -- lot of people don't understand that you have to develop your own chip because jensen can't make the chips fast enough. i think pe
, until the cfo says we are -- we're getting clobbered in xyz, people will keep selling it >> right zuckerberg did unveil this chat bot, which is intended to challenge chatgpt and bing and gemini and talked about a.i. investments. take a listen to zuck. >> we're investing massively to build the leading a.i., and open sourcing our models responsibly is an important part of our approach the tech industry has shown, over and over, that open source leads to better, safer, and more...
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Apr 17, 2024
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this whole idea of zuckerberg making an nvidia-killer, just read that. that's not the statement of someone who's declared war against nvidia, is it? they like each other. i mean, geez, it's okay. >> opening bell at the big board today, education through music, providing music education to underresourced schools. and at the nasdaq, it's the new york chapter of the lynx, a women's volunteer organization focused on african americans. >>> it's a nice segue into what asml said about q1 bookings and sales. >> they did keep their numbers, which i found surprising, given this was much worse of a drop than people thought. i thought people would say, asmlf, they make the biggest machines, you have to have them. they didn't have the orders we thought, so nvidia is weaker. it did not happen. just so we know, this is really about taiwan semi. taiwan semi didn't -- it could be about samsung too. taiwan semi is up, and that's nvidia's play. anyone who thought that was the case -- there's real buy on taiwan semi -- is just saying, look, even though taiwan orders were do
this whole idea of zuckerberg making an nvidia-killer, just read that. that's not the statement of someone who's declared war against nvidia, is it? they like each other. i mean, geez, it's okay. >> opening bell at the big board today, education through music, providing music education to underresourced schools. and at the nasdaq, it's the new york chapter of the lynx, a women's volunteer organization focused on african americans. >>> it's a nice segue into what asml said about...
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Apr 18, 2024
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all we hear is that zuckerberg, somebody at google, and amazon have competing chips, when they're not competing. where did that come from they're not competing. they are synergistic okay mate >> you mated me again, carl. >> that's cold that's ice cold. >> i didn't check mate i just mated >> he keeps mating me. he thinks i'm on that boat >> you get him on that boat for two days, and everybody's a mate >> go to the starboard all sorts of nautical references >>> jim, meanwhile, speaking of the broader markets and a.i., bernstein, tony, who's been right on tesla 150, by the way, says that he now expects apple to roll out most a.i. features in september with the iphone as opposed to in june at the developers conference. that might put a delay in some people's hopes and what apple has in mind. >> well, i would say -- i would flip it a little i didn't expect it to be that soon i didn't expect this iteration to be better here's the stock that is holding on for dear life again, like apple -- like nvidia, i say, own it, don't trade it, but everything points to a missed quarter, and people can't
all we hear is that zuckerberg, somebody at google, and amazon have competing chips, when they're not competing. where did that come from they're not competing. they are synergistic okay mate >> you mated me again, carl. >> that's cold that's ice cold. >> i didn't check mate i just mated >> he keeps mating me. he thinks i'm on that boat >> you get him on that boat for two days, and everybody's a mate >> go to the starboard all sorts of nautical references...
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Apr 22, 2024
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zuckerberg, coming to town, really, for the time 100? >> nice. >> we don't know for certain. >> you going to corner him? >> of course. if he doesn't corner me first. >> exactly. we will get cramer "mad dash" and countdown to the opening bell. one more look at the premarket as a consequential week kicks off. i'm not an actor. i'm just a regular person. some people say, "why should i take prevagen? i don't have a problem with my memory." memory loss is, is not something that occurs overnight. i started noticing subtle lapses in memory. i want people to know that prevagen has worked for me. it's helped my memory. it's helped my cognitive qualities. give it a try. i want it to help you just like it has helped me. prevagen. at stores everywhere without a prescription. i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down
zuckerberg, coming to town, really, for the time 100? >> nice. >> we don't know for certain. >> you going to corner him? >> of course. if he doesn't corner me first. >> exactly. we will get cramer "mad dash" and countdown to the opening bell. one more look at the premarket as a consequential week kicks off. i'm not an actor. i'm just a regular person. some people say, "why should i take prevagen? i don't have a problem with my memory." memory...
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Apr 1, 2024
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zuckerberg. every one. every one. they're all -- they're not even out yet but everyone wants allocation, because these things are able to think. you could have a hundred brilliant people, and these machines are dismissive. >> they need -- those companies need this platform, right? is that the way we describe it? >> platformization. >> it's not a chip. >> it's a super computer. >> it's its own super computer? >> it's a super computer. >> it's this big? >> knows every language perfectly. >> they need them to power all these models, right? >> yes, well, that's why i said that there are -- their omniverse merged with apple's vision pro, would be the single greatest -- >> you keep talking about this. we're going to be hearing about this -- this is going to be, like, new mexico is where disney need to build the next theme park. >> they should have. could have saved -- >> enough. stop with the vision pro and the -- >> when i renamed my dog nvidia, the stock was at $30, so i rest my case. the prosecution rests. >> i bet you d
zuckerberg. every one. every one. they're all -- they're not even out yet but everyone wants allocation, because these things are able to think. you could have a hundred brilliant people, and these machines are dismissive. >> they need -- those companies need this platform, right? is that the way we describe it? >> platformization. >> it's not a chip. >> it's a super computer. >> it's its own super computer? >> it's a super computer. >> it's this big?...
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Apr 9, 2024
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that's who started this narrative, 2019, mark zuckerberg said, he was getting a ton of heat and said, actually, you should all be worried about tiktok. you know, chuina, and all the republicans fell for it. okay, the trump administration made some demands and tiktok exceeded them, right? there's a third party oversight over the algorithm, all the data stored with oracle, what else do you want? do you want to stop american data going to china? make a law that that's illegal. that's it. you know? you don't need this new power to censor americans. >> one of the things i wanted to read you, i thought it was fascinating, when you walked in the white house as director of presidential personnel, jonathan swann wrote about your role at the time and making sweeping staff changes, and he said the following. he said, "this campaign helmed by trump's loyalty enforce," -- that's what he called you -- "a 30-year-old former body man who now runs hiring for the government, is part of the systemic purging of reassigning of those deemed insufficiently supportive of trump." what do you think of that, an
that's who started this narrative, 2019, mark zuckerberg said, he was getting a ton of heat and said, actually, you should all be worried about tiktok. you know, chuina, and all the republicans fell for it. okay, the trump administration made some demands and tiktok exceeded them, right? there's a third party oversight over the algorithm, all the data stored with oracle, what else do you want? do you want to stop american data going to china? make a law that that's illegal. that's it. you know?...
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Apr 17, 2024
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people like mark zuckerberg don't take a salary and that's why. >> clearly, you a view he should not be paid. >> he has been very well compensated. in the fact that he owns -- i'm not making a judgment about that, my judgment, all i'm saying is that he absolutely was compensated in the sense of -- >> do you believe a judge should be able to determine whether a board or company compensates an individual -- decides to compensate an individual, this is the issue, whether you think the amount of money is too much or too little, this or that i don't understand. i think there's a fair argument you could make it, i don't think i'd agree with it, around the disclosure issues. there's a disclosure issue. the question is, should a judge in any state be responsible for determining how pay is decided? >> the way this unfolded in tesla and i think that this is appropriate is that normally it's not the judge's decision, absolutely, and i think every delaware judge would agree. it's not the judge's decision. it's the decision of the board and shareholders. the court only steps in when it believes t
people like mark zuckerberg don't take a salary and that's why. >> clearly, you a view he should not be paid. >> he has been very well compensated. in the fact that he owns -- i'm not making a judgment about that, my judgment, all i'm saying is that he absolutely was compensated in the sense of -- >> do you believe a judge should be able to determine whether a board or company compensates an individual -- decides to compensate an individual, this is the issue, whether you...
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Apr 25, 2024
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in many ways, mark zuckerberg called it. a lot of volatility around the stock in what he calls these type of periods when they invest in this stuff. the question is whether investors and like them investing in this stuff, dan, and the market spoke last night. we have seen this movie before, perhaps. >> good morning, andrew. we have seen this movie before with the transition to stories they have done well with reels in the last 24 months. what we see in a.i. makes sense from the investment standpoint it will take time to monetize and revenue growth while strong and moderate over the course of the year it is the right strategy they are laying the foundation for future growth and we have to see how the next several months and 2025 play out. >> is this a different perspective that you have than you might have had or other investors had two or three years ago when they were investing heavily in what was described as the met thhametaverse >> a.i. and investments they are making in the data centers is one example are a little bit d
in many ways, mark zuckerberg called it. a lot of volatility around the stock in what he calls these type of periods when they invest in this stuff. the question is whether investors and like them investing in this stuff, dan, and the market spoke last night. we have seen this movie before, perhaps. >> good morning, andrew. we have seen this movie before with the transition to stories they have done well with reels in the last 24 months. what we see in a.i. makes sense from the investment...
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Apr 8, 2024
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mark zuckerberg, who by the way is now the third richest person in the world, he just passed elon musk, he sold shares for the first time since 2021 cashing in $135 million wot of shares. peter thiel, also selling for the first time in three years, he sold 175 million of palantir. snowflake's frank slootman cashed in 69 million just before he announced his departure. insider sales don't necessarily mean a top for the stocks, but studies do show they tend to have pretty good timing. they sell near the peaks. >> if you take bezos out of it. he's such an outlier. >> if you take bezos out, it was still the best quarter since the first quarter of 2021. it was still a lot of selling. and i don't think it's necessarily predictive. i think there was so much pent-up demand because 2022 and 2023 were so bad in the markets. >> in bezos' case and probably in andy jassy's case, he's trying to finance blue origin. >> yeah! and this year in particular is a super important year for blue origin in terms of what they're trying to do this fall. if they get this thing in the air, this is going to be the n
mark zuckerberg, who by the way is now the third richest person in the world, he just passed elon musk, he sold shares for the first time since 2021 cashing in $135 million wot of shares. peter thiel, also selling for the first time in three years, he sold 175 million of palantir. snowflake's frank slootman cashed in 69 million just before he announced his departure. insider sales don't necessarily mean a top for the stocks, but studies do show they tend to have pretty good timing. they sell...