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Jan 31, 2024
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anig microsoft investment. and from a law enforcement point of view, what was important for us is to see if there was a change of control because if there is a change of control, then it is de facto an acquisition. so this is why we have been asking questions and we will soon have a conclusion as to whether or not we think so. >> is it just a fine? people are seeing that for big tech as a cost of doing business in europe. >> well, actually some of big tech companies they have a better business in europe than they have in the u.s. europe is a very attractive market. you find a lot of people who are movers on technology. you have a lot of people being very well connected to our digital infrastructure. i do think that it is worthwhile doing business in europe. >> all right. we certainly appreciate the answers on so many different investigations and areas that you're focused on as always. commissioner, thank you. >> it was my pleasure. good the see you. >> good to see you, too. in washington today where not too far
anig microsoft investment. and from a law enforcement point of view, what was important for us is to see if there was a change of control because if there is a change of control, then it is de facto an acquisition. so this is why we have been asking questions and we will soon have a conclusion as to whether or not we think so. >> is it just a fine? people are seeing that for big tech as a cost of doing business in europe. >> well, actually some of big tech companies they have a...
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Apr 26, 2024
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that's amazon, google, microsoft, meta. i think the rest are going to be very difficult there will be room for ai players in verticals like health care and retail that we think, again, the companies that have that data and have that user, it's really hard to train, to effectively run these systems, so it's going to be very, very difficult for the others to survive. so the question is, what happens to oracle? they're on the cut line. i think they'll benefit, but there's others that will -- may not. weigh what's going to happen to ibm? are they in that same situation i'm talking about in the big four and the answer is no. >> right we know the one key beneficiary, i don't believe you cover nvidia but that stock up another almost 5% this morning. >> absolutely. they're the number one from every piece of work we do, everyone is spending on nvidia and again, this is hard to have these conversations with our clients right now, as a software analyst, you know, i feel like i'm -- i'm on aisle 4 mopping up a spilled milk everyone wan
that's amazon, google, microsoft, meta. i think the rest are going to be very difficult there will be room for ai players in verticals like health care and retail that we think, again, the companies that have that data and have that user, it's really hard to train, to effectively run these systems, so it's going to be very, very difficult for the others to survive. so the question is, what happens to oracle? they're on the cut line. i think they'll benefit, but there's others that will -- may...
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Apr 25, 2024
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nvidia, microsoft and then meta. so just very high expectations while they did deliver on the top line in the quarter they only beat their mid-point by 2 points and folks were expecting more then again, as you cited, you did have the higher full year both op exand capex guidance and comments by mark zuckerberg allud alluding to they plan to lean into ai investments. >> has zuckerberg deserved the right to be considered a disciplined spender and would not cross over into areas that are not eventually monetizibility >> i don't think so, yet i think they're toying with we still have the facebook reality lab still on track to losing $20 million, it has to do with ai and the core instagram, facebook, advertising business, and they may want to shift some of that spending kind of on a reporting basis back to the core so no, i don't think he's kind of entirely, you know, earned his way out, but i think when being the fastest growing company in advertising, that does earn him a lot of street cred. >> he's invested in the past
nvidia, microsoft and then meta. so just very high expectations while they did deliver on the top line in the quarter they only beat their mid-point by 2 points and folks were expecting more then again, as you cited, you did have the higher full year both op exand capex guidance and comments by mark zuckerberg allud alluding to they plan to lean into ai investments. >> has zuckerberg deserved the right to be considered a disciplined spender and would not cross over into areas that are not...
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Mar 21, 2024
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microsoft, the thing to remember with microsoft is, yes, they were slapped with restrictions but those didn't stop microsoft in recreating itself and becoming an incredible stock. you know, so this doesn't necessarily impinge upon, you know, the opportunity at apple. we still have a neutral rating, but it's not an antitrust that our concerns lie. it's elsewhere. >> although could you not put together some sort of discounted cash flow model that says four years out these guys have to break up their alleged monopoly around the app store, and what that would mean? >> well, that's a question, right. i mean, is it a breakup or is it behavioral remedies which is what they did with microsoft, the behavioral and, you know, behavioral remedies, you know, the history of that i think is that by and large it can manage that. obviously, we don't know many things here, but history suggests that behavioral remedies are not something to b concerned about. >> even for apple and its tightly held ecosystem around its software? >> clearly, you know, apple has been leveraging the app store and the complain
microsoft, the thing to remember with microsoft is, yes, they were slapped with restrictions but those didn't stop microsoft in recreating itself and becoming an incredible stock. you know, so this doesn't necessarily impinge upon, you know, the opportunity at apple. we still have a neutral rating, but it's not an antitrust that our concerns lie. it's elsewhere. >> although could you not put together some sort of discounted cash flow model that says four years out these guys have to break...
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Apr 10, 2024
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microsoft would be grounded. but microsoft, they were beating up in 2000, and ever since then, free ride. >> you think they have not received enough scrutiny for their lack of and/or -- i mean, they're so important for the number of hacks that have taken place and/or their unwillingness to fully communicate around them. >> i think they're -- i think that they're surprised there isn't more appropriate. i think satya nadella would say, we're trying frantically to get this culture together and this is never going to happen again. the report by homeland security -- this is not a department of google and amazon -- is so damning, that i was like, no, they could not have lied to homeland security, could they? could they have said a hack was done, rooted out, and it wasn't? >> seems like a bad thing to choose to do. >> suboptimal. >> yes. >> but anyway, i think that george brought it out. i'm trying to get the department of homeland security guy on. we did read a statement from microsoft, which admit, by the way, they go
microsoft would be grounded. but microsoft, they were beating up in 2000, and ever since then, free ride. >> you think they have not received enough scrutiny for their lack of and/or -- i mean, they're so important for the number of hacks that have taken place and/or their unwillingness to fully communicate around them. >> i think they're -- i think that they're surprised there isn't more appropriate. i think satya nadella would say, we're trying frantically to get this culture...
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Jan 12, 2024
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about $2 billion ai business for microsoft today. we think this will be north of $10 billion within two years and we think it's the next hundred billion dollar opportunity for microsoft. yes, it's consensus, similar to apple back in 15 years ago, but we're at the beginning of the ai cycle. we're certainly not at the mid cycle of a device or of a tech cycle. we're very bullish around the long-term prospects for microsoft and bullish around the near term prospects given ai and how quickly it's moving. >> i'm not sure if apple was quite the consensus long we think in retrospect it was when the iphone came out. people thought that thing might flop. although, i guess i would ask you, at this point when microsoft has already gotten to $2.8 trillion, i mean, where are they pulling the revenues from? are there net losers in the tech ecosystem that are not going to be -- they're going to have to forgo revenue because it's going to microsoft? >> sure. i think you have to think about the two drivers of ai that microsoft can capitalize on. one o
about $2 billion ai business for microsoft today. we think this will be north of $10 billion within two years and we think it's the next hundred billion dollar opportunity for microsoft. yes, it's consensus, similar to apple back in 15 years ago, but we're at the beginning of the ai cycle. we're certainly not at the mid cycle of a device or of a tech cycle. we're very bullish around the long-term prospects for microsoft and bullish around the near term prospects given ai and how quickly it's...
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Mar 8, 2024
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clearly microsoft has a significant problem here. also its customers now have a significant problem here. if they've been emailing about sensitive details with microsoft leadership, some of that information is likely now in russian hands as well, david. >> well, eamon, it seems rarely a day goes by there isn't news of another hack of some kind. this is one of the many beats you cover for us. but you're awfully busy. are things continues to worsen when it comes to intrusions? >> yeah, i mean, i think you've got a couple things happening. we've got nation state actors really aggressive, particularly in this -- in an election year ahead of 2024. you also have a resurgence of ransomware attacks from criminal gangs as well after the ukraine invasion. a lot of that activity dipped. but now it's back in force. so, two things happening simultaneously, which really show there's a surge of this kind of activity. companies have to be on the defensive here, david. >> and also disclose. again, you nh, for example, yet another example, right? >> n
clearly microsoft has a significant problem here. also its customers now have a significant problem here. if they've been emailing about sensitive details with microsoft leadership, some of that information is likely now in russian hands as well, david. >> well, eamon, it seems rarely a day goes by there isn't news of another hack of some kind. this is one of the many beats you cover for us. but you're awfully busy. are things continues to worsen when it comes to intrusions? >>...
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Mar 1, 2024
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microsoft, as part of the microsoft's investment, they have rights to all of the software, all of the model weights, and everything necessary to run the inference system. >> kind of gives an interesting background to why they would have moved forward with the lawsuit. in fact, there is some, given what he said in that interview, some nine and a half months ago, jim, thought it might have been sooner that we saw legal action. >> i remember that part, and i just said -- i initially said -- and i think to a lot of people said, oh, couple billionaires sitting around being angry at each other, but when you listen to it closely, there's a real disclosure issue here. remember, microsoft's a public company, made it so it's public, and i think that you don't turn a nonprofit into a profit. it's entirely possible you can say, look, we have nonprofit stuff, but let's spin that off if we find something profitable. maybe you could sending it back the nonprofit? i listen to musk, and it seems like it's obvious that altman did something wrong here. >> it will be very -- it will be worth watching clo
microsoft, as part of the microsoft's investment, they have rights to all of the software, all of the model weights, and everything necessary to run the inference system. >> kind of gives an interesting background to why they would have moved forward with the lawsuit. in fact, there is some, given what he said in that interview, some nine and a half months ago, jim, thought it might have been sooner that we saw legal action. >> i remember that part, and i just said -- i initially...
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Apr 2, 2024
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microsoft is towards the high end of its multiple range historically, but this is a different microsoft. this company is better than the last 10 or 15 years. it should trade at a higher multiple, but i also want to jump back into amazon. i agree with brent, microsoft has ran laps around aws but aws is a place to catch up, it's bigger than azure and has the technology and can deliver the same services to its customers. it's not getting any credit. it's trading towards the middle of its historical multiple range. so as it catches up and delivers more of these tools, we think it will outperform. >> what gives you the confidence they're going to be able to deliver those tools to their customers and execute in the way you believe? >> so just like microsoft made the big investment in openai, amazon made an investment in anthropic. interestingly it took that product and said we're going to build an end to amazon and use amazon chips and put it on aws and we're going to provide the same tools. if you look at the technologies, they're fairly xcomparable at this point. everybody started on openai
microsoft is towards the high end of its multiple range historically, but this is a different microsoft. this company is better than the last 10 or 15 years. it should trade at a higher multiple, but i also want to jump back into amazon. i agree with brent, microsoft has ran laps around aws but aws is a place to catch up, it's bigger than azure and has the technology and can deliver the same services to its customers. it's not getting any credit. it's trading towards the middle of its...
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Jan 4, 2024
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i know this microsoft button has just been thrown out there, but copilot, when i spoke with microsoft, i was like, guys, would you please not make this an enterprise? would you please make this so the consumer is going to have it? now, i'm not saying that's what they did. i am saying they probably had it in the works, and this is the way we will all use a.i., because it's so easy. >> do you think this feeds a big hardware refresh? >> yes. >> that would be news. >> yes, i do. and i think that people are ignoring it today. microsoft, travel trust name, microsoft has been a huge winner, and that's one of the stocks that has actually held up better, but this is just one more example of microsoft being aggressive. remember, they did get sam altman, who, by the way, when i heard him speak, he's a bit of a visionary. i mean, when he speaks, it's like you're really doing your best to keep up with him. >> nadella did say, we're going to make alphabet dance. >> yes. nadella's a -- you have to love his style. and amy hood, another cfo, who is captivating and understands that if we get this from
i know this microsoft button has just been thrown out there, but copilot, when i spoke with microsoft, i was like, guys, would you please not make this an enterprise? would you please make this so the consumer is going to have it? now, i'm not saying that's what they did. i am saying they probably had it in the works, and this is the way we will all use a.i., because it's so easy. >> do you think this feeds a big hardware refresh? >> yes. >> that would be news. >> yes, i...
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May 30, 2024
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microsoft a.i. pc announcement last monday with qualcomm helped the pc refresh cycle sound more convincing as an earnings boost. so many companies are pushing that. the a.i. . c will be the next big thing. dell's core business, roughly 60%, remains heavily reliant on pc and monitors, which means the a.i. boom may not be as beneficial as thought. if we look at nvidia's groets margins, they hit 78% last quarter, a week ago. that means it's costly for dell and could be more dilutive to dell's gross margins. there are cautions going into the earnings. you can see the selloff today, but for our retail investors, anyone listening right now, you want to look for a backlog on orders right now and an increase to its full-year guidance for the stock to continue rising on that a.i. optimism. guys? >> doesn't it end up up always being about nvidia? feels like it. down 1% today. >> exactly. let's blame nvidia for any losses in the market and nothing to do with inflation or anything like that. but just one point,
microsoft a.i. pc announcement last monday with qualcomm helped the pc refresh cycle sound more convincing as an earnings boost. so many companies are pushing that. the a.i. . c will be the next big thing. dell's core business, roughly 60%, remains heavily reliant on pc and monitors, which means the a.i. boom may not be as beneficial as thought. if we look at nvidia's groets margins, they hit 78% last quarter, a week ago. that means it's costly for dell and could be more dilutive to dell's...
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Jan 5, 2024
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microsoft has this year's ai move. they have the best ai lineup in software and they will be monetizing the back half of the year. there's a little bit of hype inside the stock and ai going into the beginning of this year, but we think that from a fundamental perspective they have the strongest lineup and you're going to see that in the back half. you have prices going higher. you effectively have value creation for clients going higher and the management team delivers margins over time, even while ai is expensive. we believe they will deliver upside to margins. you have the consistency of nadella and amy hood which have been phenomenal co-pilots to fly with and this co-pilot offering that's coming is going to be a huge impact for everyone both consumers and enterprises. probably more likely enterprises first. so we're -- we continue to be as excited about microsoft as ever. we think the software has a 10% plus price lift on overall pricing because of ai. some of these companies are charging double the price of their s
microsoft has this year's ai move. they have the best ai lineup in software and they will be monetizing the back half of the year. there's a little bit of hype inside the stock and ai going into the beginning of this year, but we think that from a fundamental perspective they have the strongest lineup and you're going to see that in the back half. you have prices going higher. you effectively have value creation for clients going higher and the management team delivers margins over time, even...
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Jan 11, 2024
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today about microsoft. by the way, netflix, we have something positive about. it's very difficult to derail the positive analyst comments, which are uniformly saying that the numbers will be better than expected. >> i think it was b of a's note today said the stuff that's -- the stuff that "everyone owns" is what's moving. >> what's kind of amazing, and i'm glad you mentioned that, is because typically, when everyone owns something, there could be a kaching, kaching. it hasn't happened. i know we're going to get to bitcoin, but if you remember gold before they had the gold etf, it ran up in anticipation, and that was the peak. this is a run-up in anticipation and maybe the people who bought bitcoin are actually going to make money. >> yeah. we're going to get to bitcoin in a second. i did notice last night you said maybe this isn't a sell on the news. >> bitcoin is a strange animal. i remember trying to buy bitcoin when i had -- for my jpmorgan account, and i got to speak to the highest people, and thery said, why don't you just take your money and put it in fi
today about microsoft. by the way, netflix, we have something positive about. it's very difficult to derail the positive analyst comments, which are uniformly saying that the numbers will be better than expected. >> i think it was b of a's note today said the stuff that's -- the stuff that "everyone owns" is what's moving. >> what's kind of amazing, and i'm glad you mentioned that, is because typically, when everyone owns something, there could be a kaching, kaching. it...
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Mar 6, 2024
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is it amazon, alphabet, microsoft? or is it going to be the president and congress because amazon, alphabet, and microsoft do not -- they want solar. >> that's true you know the first thing you have to do when you want to put up a new data center, first thing you have to identify where your power is coming from. >> exactly. >> they measure the data centers based on how much power they consume. that's the way they measure them. >> a full day meeting with enbridge the largest provider of basically fossil fuels, and what's amazing they're trying to figure out and buy areas they can be low cost producer, nat gas for the customer so low, to entice these companies, these mega companies really nation states within our country. >> you're going to need nuclear power. >> okay. >> what vernova will talk about, i'm glad you mentioned that. >> thank you. >> there's a small form factor they're doing in canada, which they'll have done in five years, tba about to announce a big deal with vernova and that will be extraordinary. >> tenn
is it amazon, alphabet, microsoft? or is it going to be the president and congress because amazon, alphabet, and microsoft do not -- they want solar. >> that's true you know the first thing you have to do when you want to put up a new data center, first thing you have to identify where your power is coming from. >> exactly. >> they measure the data centers based on how much power they consume. that's the way they measure them. >> a full day meeting with enbridge the...
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Mar 15, 2024
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microsoft, though, record highs. tesla and nvidia, those stocks, at least recently for nvidia, saying it's a struggle may be an overstatement, but they certainly have not been going up. the nasdaq 100 pointed to its first back-to-back weekly loss since last october. >>> plus tiktok's owner, bytedance, on track to surpass meta's facebook as the world's largest social media company by sales. >>> and the chamber of commerce suing the s.e.c. over new climate disclosure rules, a lot to unpack there. >>> and we're going to begin with the road ahead. in particular, for what has been driving this market for quite some time, and that is namely what we call the mega cap technology companies, a.i., particularly generative a.i., and mike, i'll turn to you. we just mentioned, of course, nvidia shares, which, yesterday, we discussed. i mean, jim and i, years ago, developed this thing called the key to this market, and it does feel like most days, in some ways, it could be considered that. >> it's certainly the key to what kind of
microsoft, though, record highs. tesla and nvidia, those stocks, at least recently for nvidia, saying it's a struggle may be an overstatement, but they certainly have not been going up. the nasdaq 100 pointed to its first back-to-back weekly loss since last october. >>> plus tiktok's owner, bytedance, on track to surpass meta's facebook as the world's largest social media company by sales. >>> and the chamber of commerce suing the s.e.c. over new climate disclosure rules, a...
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Mar 22, 2024
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microsoft surface devices, orchestrated by cdw. they adapt to each user and deliver multi-layered security, so your workforce gets seamless experiences wherever they roam. for devices that fit your unique workforce, trust microsoft surface and it orchestration by cdw. people who get it. to build the electric vehicle of the future, you need partners. mining partners. technology partners. education. supply chain. energy. what if one partner could do it all? that partner is ontario, canada. with all the critical minerals to make electric vehicle batteries. 65,000 stem graduates per year. one of north america's largest i.t. clusters. a fully integrated supply chain. all powered by one of the cleanest grids in north america. ontario. your innovation partner. ( ♪♪ ) ♪ >>> good friday morning. welcome to another hour of "squawk on the street." i'm sara eisen with david faber, live at post nine of the new york stock exchange. k carl has the morning off. stocks are weaker after what's been an incredible run to record highs. the s&p is
microsoft surface devices, orchestrated by cdw. they adapt to each user and deliver multi-layered security, so your workforce gets seamless experiences wherever they roam. for devices that fit your unique workforce, trust microsoft surface and it orchestration by cdw. people who get it. to build the electric vehicle of the future, you need partners. mining partners. technology partners. education. supply chain. energy. what if one partner could do it all? that partner is ontario, canada. with...
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Feb 15, 2024
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microsoft as well. all of them communicated plans to significantly increase their investment in a.i. infrastructure this year, which obviously bodes well. this is a company, nvidia, that reports next wednesday. some people think it's going to be more important for the market than the cpi report. hard to believe that. but it's clearly something we're all watching now, and there's tsmc, which gets benefit of it as well, and it had a big move overnight. >> we haven't mentioned super micro, which is technically a russell name. this stock has gone from $300 to $900 in a month, and today, david, this initiation out of b of a with a buy, $1,040, but ssci gets a ton of chatter right now given the backdrop that nvidia provides. >> wow. i wasn't informed. >> yeah. >> yeah, almost $53 billion market value. you can see up almost 1,000% in one year. speaking of tech, guys, and big tech in particular, meta shares are really the only, well, of the -- sort of the big five that i keep an eye on, apple, meta, alphabet, a
microsoft as well. all of them communicated plans to significantly increase their investment in a.i. infrastructure this year, which obviously bodes well. this is a company, nvidia, that reports next wednesday. some people think it's going to be more important for the market than the cpi report. hard to believe that. but it's clearly something we're all watching now, and there's tsmc, which gets benefit of it as well, and it had a big move overnight. >> we haven't mentioned super micro,...
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Jan 29, 2024
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microsoft, apple, meta, amazon, alphabet. let's get you set up with piper sandler's chief strategist who has an s&p rating of 4950 and joins us this morning. how do you gauge -- >> good morning. >> the results we've gotten so far? >> from earnings or the market year to date? >> from earnings? >> from earnings? there's a comcouple ways to look at. we look at earnings and guidance. i think guidance is typically where you want to focus. at the beginning of every quarter we put out an earnings risk screener and the companies that we believe that were most likely to miss thus far, i think we've seen 75% miss with a median earnings miss of about 20%, so, you know, i think it's bifurcated. some companies with great reports have beaten, some of that coming from pricing, which is still a lagging story, so i think it's been mixed. expectations of the s&p 500 as we sit here today, are for 2024 at about $242, which is the lowest they've been over the last year and a half. >> do you believe that any hopes for a bond rally have started to
microsoft, apple, meta, amazon, alphabet. let's get you set up with piper sandler's chief strategist who has an s&p rating of 4950 and joins us this morning. how do you gauge -- >> good morning. >> the results we've gotten so far? >> from earnings or the market year to date? >> from earnings? >> from earnings? there's a comcouple ways to look at. we look at earnings and guidance. i think guidance is typically where you want to focus. at the beginning of every...
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Apr 9, 2024
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. >> arm is already with microsoft and already with aws. so arm is the winner this morning as far as i can see. broadcom, jpmorgan discovered there was -- a story i broke last week. i would buy arm on this on the cloud talk. i would buy arm because they're in microsoft and in aws. that is big -- that's a big take. now you try to be who to take it from? possible from amd? i think they take everything from pad, intel. >> a shared owner. >> yeah. i was confused about the commerce secretary. obviously is an american gem. they also had $8 billion in overruns. you want to make sure they can repay the u.s. >> meantime, some of the other google headlines today talk about expanded partnerships with crowd and palo alto. >> crowd is amazing. there's one where they really are trying to -- palo alto does on prem and also the cloud -- look at the lineup. finding out about ulta versus sephora. >> that survey is so big. kurtz is fantastic and is very critical of microsoft's so-called security. i haven't put microsoft on after kurtz savaged them. you can't
. >> arm is already with microsoft and already with aws. so arm is the winner this morning as far as i can see. broadcom, jpmorgan discovered there was -- a story i broke last week. i would buy arm on this on the cloud talk. i would buy arm because they're in microsoft and in aws. that is big -- that's a big take. now you try to be who to take it from? possible from amd? i think they take everything from pad, intel. >> a shared owner. >> yeah. i was confused about the commerce...
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Jan 18, 2024
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microsoft up 0.3%. keep an eye on tesla down after getting rerated as a buy idea over at guggenheim those shares down 0.3% meta platforms about 1.5%. the parent company of facebook and instagram getting its target price under at bernstein to $435 they cited better revenue growth expectations and meta as a potential winner in artificial intelligence those shares up 1.5% on the ai chip front, shares of nvidia which earned another record high today thanks to tigris financial which upped its target price to $790 to $560 keep it a buy rating and record highs and we'll cap things off with the fractional gain we're seeing in netflix stock up about 0.5% the streaming videoed movie studio gets its target price up by ubs to $560 from 500. they see netflix as a beneficiary as the industry raises prices, consolidates platforms and cuts spending, so leslie, to you, david, and carl's conversation about netflix and disney, there is that move there netflix up 0.5%. >> clearly not a rando move. >> no. >> to speak of the
microsoft up 0.3%. keep an eye on tesla down after getting rerated as a buy idea over at guggenheim those shares down 0.3% meta platforms about 1.5%. the parent company of facebook and instagram getting its target price under at bernstein to $435 they cited better revenue growth expectations and meta as a potential winner in artificial intelligence those shares up 1.5% on the ai chip front, shares of nvidia which earned another record high today thanks to tigris financial which upped its target...
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May 28, 2024
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there was no skepticism on the $10 trillion valuation microsoft is nowhere near that >> no. but it's not -- i guess it's not inconceivable, jim, as hard as it seems to imagine. i can remember when apple's market value crossed a trillion. that seems as though it was a number we would never see again. here we are with any number of companies far in excess of that. obviously apple now back above three, right >> i come in this morning and there would be people to say, whoa, nelly. nvidia is a fantastic company. you know what? we have to have some sense that it could run out here. i'm a believer, but i've been a believer with nvidia since the 30s. i thought there would be some -- >> bofa points out it was up 9% on thursday, up 3% on friday, up another 3 today. bofa, by the way, is the street high at 1320, jim. i see moelis, who i know you love to listen to, saying this adjusted margins in the near 70 t70 range. we don't see anyone challenging the margin in a major way for two years. >> i got in the car and started reading that why, that was going to be my rap. ben is in my head,
there was no skepticism on the $10 trillion valuation microsoft is nowhere near that >> no. but it's not -- i guess it's not inconceivable, jim, as hard as it seems to imagine. i can remember when apple's market value crossed a trillion. that seems as though it was a number we would never see again. here we are with any number of companies far in excess of that. obviously apple now back above three, right >> i come in this morning and there would be people to say, whoa, nelly....
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May 20, 2024
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microsoft is there. hp is presenting itself as a winner. dell is the actual winner because michael dell was in the front row of the fabled gcc conference where he became the de facto for nvidia, nvidia is not a chip company, at plate form company. it's so gassed it's a supercompute. >> so your pc is going to be no good. >> right. >> would you say the same thing about the a phone, iphone? >> i think the iphone next generation has to incorporate far more a.i. than itdoes. you snow what, tim cook would say that. tim cook was cackling when i said i need my iphone to have what android has. he's like -- okay. that's good enough for me. >> there's a piece, bloomberg has got a piece today how they need to drift off from the a.i. age? >> well, i think over and over again, we have said that apple was not doing something right. meantime, they were doing it. by the way, the story about the price cuts in china, we said february was bad, march was worse. turned out march was better. almost every report has been wrong. >> really, jim mentions, said to be
microsoft is there. hp is presenting itself as a winner. dell is the actual winner because michael dell was in the front row of the fabled gcc conference where he became the de facto for nvidia, nvidia is not a chip company, at plate form company. it's so gassed it's a supercompute. >> so your pc is going to be no good. >> right. >> would you say the same thing about the a phone, iphone? >> i think the iphone next generation has to incorporate far more a.i. than itdoes....
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Jan 9, 2024
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they lost to microsoft. they lost in horizon, amgen, so to speak. they did accept some or the of settlement there. you go on from there. what i'm hearing now is more reflective of an m&a environment in the past which is, listen, i've got to be concerned and it may take me longer, but i don't think it's an impediment to me getting my deal done. can i get al lodge if i'm taking the new ceo on, social issueswise. obviously price. these are always the issues. we may return to an environment like that which would mean, jim, we're going to see more activity. >> remember the ruling in microsoft/activision. a judge basically said, ftc, it's time that maybe you thought about how to do your job. obviously you don't really have a clue. i'm really shocked you brought this case. a lot of times, david, that's a suboptimal way to look at the ftc's work. >> yes, without a doubt. that could be considered a blow. we don't know what the administration is going to run antitrust -- what's called a little more than a year from now. so that comes into consideration as wel
they lost to microsoft. they lost in horizon, amgen, so to speak. they did accept some or the of settlement there. you go on from there. what i'm hearing now is more reflective of an m&a environment in the past which is, listen, i've got to be concerned and it may take me longer, but i don't think it's an impediment to me getting my deal done. can i get al lodge if i'm taking the new ceo on, social issueswise. obviously price. these are always the issues. we may return to an environment...
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May 2, 2024
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that seemed -- >> yeah, right the stock is up about 6% this year microsoft is up right now. let's talk a little apple, can we, guys stock is up over 1%. i guess hopes -- we'll get the quarter tonight. we'll obviously be talking a great deal about it tomorrow >> everyone's excited. >> their own capex, given the enormous numbers we've seen from microsoft and amazon and meta and alphabet and so much of that devoted towards a.i., generative a.i., you know, the hyperscalers, it's a little different than meta spending the money in the way it is, but an apple as well. not a hyperscaler. how much will they be spending will there be the inclusion in a very significant way of generative a.i. on the next iphone will it bring a wave of upgrades >> can it be -- >> that seems to be the enthusiasm >> can it be self-styled do they have to rely on a google, or do they have to finance themselves no one's allowed to mention apple who is a supplier now. we said yesterday that skyworks was all bad. skyworks saw an inflection at the bottom qualcomm, looked like business as usual >> we'll get to q
that seemed -- >> yeah, right the stock is up about 6% this year microsoft is up right now. let's talk a little apple, can we, guys stock is up over 1%. i guess hopes -- we'll get the quarter tonight. we'll obviously be talking a great deal about it tomorrow >> everyone's excited. >> their own capex, given the enormous numbers we've seen from microsoft and amazon and meta and alphabet and so much of that devoted towards a.i., generative a.i., you know, the hyperscalers, it's a...
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May 13, 2024
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so microsoft benefits from that, david. >> right, of course, it all comes back to the cloud. to the data centers and our previous guest about power and electricity. steve, thank you, steve kovach we'll await the announcement, the official announcement from openai. >>> keeping a close eye on our markets as well. the s&p back down to flat. we got a lot more market coverage for you straight ahead. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable re
so microsoft benefits from that, david. >> right, of course, it all comes back to the cloud. to the data centers and our previous guest about power and electricity. steve, thank you, steve kovach we'll await the announcement, the official announcement from openai. >>> keeping a close eye on our markets as well. the s&p back down to flat. we got a lot more market coverage for you straight ahead. you know what's brilliant? boring. think about it. boring is the unsung catalyst...
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Feb 12, 2024
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. >> my personal favorite was microsoft's copilot. i thought -- >> i found, do you know that we immediately went to it? we were all watching it because we all do draftkings. >> there's a business tie-in, amazingly enough. it would seem that microsoft has adopted copilot as most likely what will be the brand for consumers. forget bing, which, of course, was a fail originally as a search engine. >> i was on it. i said, summarize everything. >> they're going for copilot broadly. >> look at the age of these young people starting their own businesses, essentially. >> i thought that was great. >> yeah. >> first, i was trying to figure out, was it shopify? who is it that's really doing it? you may not be totally focused the moment that the ad comes on. how about who was terrible? >> that is a reflection of what would seem to be microsoft's decision to make that the brand that they will take to market for the consumer. >> temu. >> way too much temu. much too much. >> that kept coming up. i always go to the same party where, frankly, i can nev
. >> my personal favorite was microsoft's copilot. i thought -- >> i found, do you know that we immediately went to it? we were all watching it because we all do draftkings. >> there's a business tie-in, amazingly enough. it would seem that microsoft has adopted copilot as most likely what will be the brand for consumers. forget bing, which, of course, was a fail originally as a search engine. >> i was on it. i said, summarize everything. >> they're going for...
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Feb 26, 2024
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so we'll implement cloud based microsoft modern work solutions like microsoft 365, teams and azure, so your teams can collaborate with zero trust security anywhere. [phone: destination ahead.] microsoft makes modern work possible. cdw makes it powerful. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ...for kung fu panda 4. jack black is back. ah, you're adorable. yah, whah! >>> we mentioned some of the retailers reporting this week. lowe's, tjx, dollar tree. check out walmart. might notice a new price as the split is effective at 58.70 coming off the big interview with mcmillon and jim just a few days ago. >> thank you. >> despite ever corp's underperform. >> you can't do this. these guys are doing the best i've seen versus the others. hats of
so we'll implement cloud based microsoft modern work solutions like microsoft 365, teams and azure, so your teams can collaborate with zero trust security anywhere. [phone: destination ahead.] microsoft makes modern work possible. cdw makes it powerful. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term...
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May 29, 2024
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except for microsoft which is an overweight position for us. as the cost to create declines, the cost to create businesses decline. so if you think about the moats that software have, they're starting to crack a little bit. the cost to implement, the cost to code, all starting to crack a little bit. on the other hand, you know, semis have deepening moats as there's not that many semiconductor companies, and not that many companies that have scale. so you know, it becomes a very -- very much a bifurcated software market for those that can cross the chasm. i wore a lot for point -- worry a lot for point solutions because i feel like those can basically be kind of eaten up by some of the largest players like a microsoft. i mean, look at what's happening in communication services. so the ring centers or zooms of the world. that technology was very easily replicated by microsoft and put into teams. there were no moats. so the disruptive effect of genai i think really hasn't yet been understood in software world. software has underperformed, but the
except for microsoft which is an overweight position for us. as the cost to create declines, the cost to create businesses decline. so if you think about the moats that software have, they're starting to crack a little bit. the cost to implement, the cost to code, all starting to crack a little bit. on the other hand, you know, semis have deepening moats as there's not that many semiconductor companies, and not that many companies that have scale. so you know, it becomes a very -- very much a...
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Mar 25, 2024
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it's a serious case and it's largely based on existing laws and it's heavy on the microsoft case that was decided in 2001, but it pushes the boundaries in important ways and gives the ability to control its network to choose the partners that it'll deal with on the network they're concerned about those kinds of issues and the government is helping they'll put together a set of facts that will motivate the courts to maybe move and push them toward what the legal rules are >> doug, i'm really interested in your take on two things on all this both eu commission and doj combined, but it seems like regulators are fighting yesterday's battle we're at a moment in time when everyone is regulating ai and we're talking about things about the app store and privacy information on social media sites which we were discussing many, many years ago, and it feels like this is yesterday's battle on your view on that, but also whether ultimately the punishments end up being things that fundamentally force the companies to change their businesses models or whether it's a slap on the wrist-type fine that t
it's a serious case and it's largely based on existing laws and it's heavy on the microsoft case that was decided in 2001, but it pushes the boundaries in important ways and gives the ability to control its network to choose the partners that it'll deal with on the network they're concerned about those kinds of issues and the government is helping they'll put together a set of facts that will motivate the courts to maybe move and push them toward what the legal rules are >> doug, i'm...
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Feb 2, 2024
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what's the difference here really microsoft is 3 why shouldn't this be three? that's how crazy it is, david. that's how crazy these companies are so dominant. you have said, many times, sitting next to you, that when you look at any other company, it's like, what is the point >> i mean, meta has been -- they may not quite hit it, but $40 billion in capex that's meta. and microsoft's above that alphabet the numbers on capex are mind-boggling, not to mention the revenue numbers and everything else associated with these companies, which is one reason why you do have to or you can't completely dismiss the threat from regulation, from those who would say these platforms are too large, too powerful, and need to be broken up, even though the law may not be behind those efforts. >> the reason they're spending so much is because the competition is so fierce >> they are, and that's why they need the nvidia cards. >> the other thing i keep coming back to is the days where the market freaked out on spending, on a capex cycle at amazon, that's over. >> no, we want them to s
what's the difference here really microsoft is 3 why shouldn't this be three? that's how crazy it is, david. that's how crazy these companies are so dominant. you have said, many times, sitting next to you, that when you look at any other company, it's like, what is the point >> i mean, meta has been -- they may not quite hit it, but $40 billion in capex that's meta. and microsoft's above that alphabet the numbers on capex are mind-boggling, not to mention the revenue numbers and...
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Feb 5, 2024
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obviously, amazon, meta -- i mean, microsoft. they're just buying so many of these that zuckerberg, i felt maybe he's buying for stuff he doesn't know about yet. he's betting. >> goldman goes to $800. i was looking at the street, jim. average target now, $680, but of the majors, goldman is the high -- luke still has $1,000. there are some outliers. >> they're now saying that '24 is not an inflection. next year is going to be huge. there's really no limit. i mean, the 200's going shift. people were confused by the amd head-to-head nvidia because nvidia did not have the software stack included in their -- the contest there, but i think that nvidia is enabling you to be able to do a lot more things with chat and a lot more things with a.i. than you could before, david. including footnotes started. that's the way you get rid of hallucination. you can footnote things. it started in november with rag. it's a form of -- rag is a form of artificial intelligence that allows you to reference things. >> you can -- where do you find these fo
obviously, amazon, meta -- i mean, microsoft. they're just buying so many of these that zuckerberg, i felt maybe he's buying for stuff he doesn't know about yet. he's betting. >> goldman goes to $800. i was looking at the street, jim. average target now, $680, but of the majors, goldman is the high -- luke still has $1,000. there are some outliers. >> they're now saying that '24 is not an inflection. next year is going to be huge. there's really no limit. i mean, the 200's going...
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Mar 14, 2024
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we've got microsoft up almost 3%. that's one of those names we have follow closely as well as google's parent company alphabet up by 2%. more with one chief investment strategist warning there's risks to the rally. >>> checking in on the markets about an hour in trading. open tire lost gains and the dow down 100 plus and now down 25 as everything is driven by the pivot around the 10-year yield. our next guest believes it will be difficult for stocks to finish the year higher than current levels, but that said, still sees investment opportunities. capital markets chief investment strategist brian belski has a target of 5100. you say don't miss take our indifference on market direction as a recommendation to avoid exposure to u.s. stocks, right? >> we don't. thank you so much for having us. we're worried about the johnny come lately bulls. we've been saying we're in a 25-year secular bull market since 2010. in the new part of the bull, the cyclical bull market started in october of 2022. we said that in november 2022. i
we've got microsoft up almost 3%. that's one of those names we have follow closely as well as google's parent company alphabet up by 2%. more with one chief investment strategist warning there's risks to the rally. >>> checking in on the markets about an hour in trading. open tire lost gains and the dow down 100 plus and now down 25 as everything is driven by the pivot around the 10-year yield. our next guest believes it will be difficult for stocks to finish the year higher than...
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May 8, 2024
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this is microsoft money, not federal money. they're going to build a $3.3 billion datacenter in wisconsin. >>> let's start with tesla, though sources telling reuters the justice department is investigating whether the ev maker committed securities or wire fraud by misleading investors and consumers over its vehicle's self-driving capabilities tesla's autopilot and self-driving systems assist with things like steering and lane changes but are not fully autonomous the report also says the s.e.c. is investigating tesla's representation about driver assistance systems to investors. so, jim, i think they're quoting three sources over at reuters. >> right and i know, david, we can go into this. i don't want to -- well, this is obviously serious news the problem is that i've always found that when you're talking about what the justice department is and isn't going to do, it's a really high-risk endeavor i'm not disputing the story. i am saying that the justice department examining is very different from the justice department indictin
this is microsoft money, not federal money. they're going to build a $3.3 billion datacenter in wisconsin. >>> let's start with tesla, though sources telling reuters the justice department is investigating whether the ev maker committed securities or wire fraud by misleading investors and consumers over its vehicle's self-driving capabilities tesla's autopilot and self-driving systems assist with things like steering and lane changes but are not fully autonomous the report also says...
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Jan 30, 2024
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trimming at alphabet and microsoft. we've got about a fifth of the s&p 1500 having reported already. of those, 15 of those have mentioned layoffs which is up from the prior two quarters. >> we have these companies recognizing, you'll hear this from amazon and alphabet. we made decisions. we had a lot of initiatives and decided to close those initiatives. i think that is prudent and the numbers go higher. then there are other companies like a macy's which is under siege from these activists where they're trying to take some action. then there's companies that are just saying things are softer. but i'm not seeing lots of companies doing the latter. it certainly would make sense if things continue this way. but i'm not ready to wave a red flag yet. >> the journal has a piece today. fewer workers quitting their jobs. >> isn't that interesting. >> glass door had a chart yesterday looking at employee confidence in their job security. very low. it's really rolled over. >> wow. no more public companies that are at the top? >> i
trimming at alphabet and microsoft. we've got about a fifth of the s&p 1500 having reported already. of those, 15 of those have mentioned layoffs which is up from the prior two quarters. >> we have these companies recognizing, you'll hear this from amazon and alphabet. we made decisions. we had a lot of initiatives and decided to close those initiatives. i think that is prudent and the numbers go higher. then there are other companies like a macy's which is under siege from these...
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Apr 11, 2024
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apple, meta, alphabet, microsoft are all up. >> you bet. meta -- >> nvidia. >> okay, man, i got a migraine. that's killer. meta, another one. they're saying, lay, look out. they're adoption their own chips. meta wants everything that jensen has, so yes, they have to develop their own chips. gosh darn it. >> uh-huh. >> i'm working on a new hack here about microsoft. i'm working on that too. i got a lot of stuff, david. >> really? you got a lot of stuff? >> man, we're just beginning. med tech. i see a lot of good news. visa and mastercard. anyone frpever say a bad word at those two? warner bros. discovery, positive. >> let me see that. that's jessica reef. look at that. >> erlich. you're welcome. >> yesterday, as were many of the companies that have heavy debt loads, warner bros. discovery shares were down. today, they're rebounding a bit to the tune of 2%. >> did you see this disney report? >> there's algorithms out there that any times rates move appreciably higher, it's sell. all high leverage companies. >> you're right. explain it to the
apple, meta, alphabet, microsoft are all up. >> you bet. meta -- >> nvidia. >> okay, man, i got a migraine. that's killer. meta, another one. they're saying, lay, look out. they're adoption their own chips. meta wants everything that jensen has, so yes, they have to develop their own chips. gosh darn it. >> uh-huh. >> i'm working on a new hack here about microsoft. i'm working on that too. i got a lot of stuff, david. >> really? you got a lot of stuff?...
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May 1, 2024
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i heard silly things like microsoft had done an order cut. that is untrue the lies that are being told about this company overnight are shocking the way you can attack it is gaming was terrible, and embedded was not good, and lisa su is saying embedded turns this quarter. so, do i love this stock i know that they are head-to-head with nvidia for a lot of things, and nvidia tends to win they do have much better training software than they had last time, but the idea that she was supposed to raid the 5 to 6 and that's what got it wrong, i think that is fiction. >> is it a -- the bulls would tell -- have told me it's a bottleneck, not a demand problem. true >> there's not even a bottleneck >> not even a bottleneck >> no. she has the -- the issue is, why should she say this 5 to 6 well, what's the point so, you do a downside surprise >> meantime, jim, intel is coming off its worth month, i think, in a couple of decades. skyworks, of course, warning about below-normal demand in mobile phones. they guide below on the june quarter. >> the next sente
i heard silly things like microsoft had done an order cut. that is untrue the lies that are being told about this company overnight are shocking the way you can attack it is gaming was terrible, and embedded was not good, and lisa su is saying embedded turns this quarter. so, do i love this stock i know that they are head-to-head with nvidia for a lot of things, and nvidia tends to win they do have much better training software than they had last time, but the idea that she was supposed to raid...
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Jan 25, 2024
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microsoft officially joins the $3 trillion club after a rally this year. a number of other tech names on the move dom chu tracking tech trade. >> sara, microsoft again as we showed in positive territory moving kind of back and forth over that $3 trillion market cap mark hitting another, by the way, record high intraday in the process. the company is telling employees, by the way, it will lay off roughly 9% of its work force in its gaming division which includes the activision blizzard team. those layoffs by the way amount to around 1900 employees all in all, three quarter percent gain for microsoft also, alphabet, amazon, nvidia among the tech mega cap communication services names hitting 52-week highs. apple in the top position in terms of megaarket cap, but it' the only so-called name in the magnificent seven that hasn't notched a high so far in 2024. trading just over 2% away from that level, by the way we'll end on shares of ibm hitting their highest levels since 2013 the company topping analyst system on earnings and revenues along a stronger outlook
microsoft officially joins the $3 trillion club after a rally this year. a number of other tech names on the move dom chu tracking tech trade. >> sara, microsoft again as we showed in positive territory moving kind of back and forth over that $3 trillion market cap mark hitting another, by the way, record high intraday in the process. the company is telling employees, by the way, it will lay off roughly 9% of its work force in its gaming division which includes the activision blizzard...
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May 17, 2024
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goldman first, microsoft second. laggards were 3m, nike, and disney. >> 3m, mike came in, he was given a bad hand. and wow. he's come back with a vengeance. he's created a company that's ready to accelerate. that's all on him because he got a bad hand. it looked like a good hand. i mean, it looked like he was playing -- people looked like the 2s and 7s were wild. it turned out they weren't wild. he had a bad hand, but he's augmented it. and i take a look at some of these guys. let's take a guy like mike worth. mike worth is an oil guy, but mike decided capital discipline, and let's give back in dividend and let's not blow the company up buying anadarko. these guys are meaningful. and you're going to say jamie dimon was the principal beneficiary of the fed rate cuts and also principal beneficiary of raed hikes? no. i talk about the great theory, but i'm saying there are people who do more. look at the hand that bob iger got. that's a bad hand. but it was an iger hand. there was a stop, there was a guy in there. a pit
goldman first, microsoft second. laggards were 3m, nike, and disney. >> 3m, mike came in, he was given a bad hand. and wow. he's come back with a vengeance. he's created a company that's ready to accelerate. that's all on him because he got a bad hand. it looked like a good hand. i mean, it looked like he was playing -- people looked like the 2s and 7s were wild. it turned out they weren't wild. he had a bad hand, but he's augmented it. and i take a look at some of these guys. let's take...
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Jan 2, 2024
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>> yes. >> i happen to think the world of microsoft. we bought a ton of microsoft when it was very low. bought some in the big selloff. then amy hood, the ceo, came out and said we're going to do really well with copilot. i still think ai is very important, david, but i think the fascination with ai could wear thin over the next six months, and you're going to find yourself thinking, all right, maybe at the beginning of the year -- >> these stocks can have another year. maybe at the beginning o of the year, people got too excited about ai. do you think that's possible? >> certainly. there was great enthusiasm in the markets about the prospect of ai, particularly generative ai that we've talked about now for roughly a year. >> how come these stocks stopped going up in november when the fed decided it was done raising? why did they flat line? wasn't that indicative of the fact that you had to make the switch? nothing is wrong with any of these stocks, nothing. what seems to be wrong is the rest of the market versus these. these provided a
>> yes. >> i happen to think the world of microsoft. we bought a ton of microsoft when it was very low. bought some in the big selloff. then amy hood, the ceo, came out and said we're going to do really well with copilot. i still think ai is very important, david, but i think the fascination with ai could wear thin over the next six months, and you're going to find yourself thinking, all right, maybe at the beginning of the year -- >> these stocks can have another year. maybe...
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Apr 19, 2024
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we mentioned tesla, apple, microsoft, nvidia down on the nth as well. we'll talk with wedbush's dan ivess in a moment. >>> welcome back to "squawk on the street." tough week for tesla as you know on pace to end the week down more than 10% if shares end the day lower. that will the stocks longer daily losing streak since january. we know that tuesday is going to be a big day you say the clock has struck midnight and the line that struck out to me, trading in the model 2 for robo would be a tragic gamble in your opinion. >> i think it would be a gamble that could maybe even define the future of tesla in the next three to five years. i think right now the big nervousness is model 2, that's a key part of the group, that's 50 to 60% of the incremental growth of the next two or three years robotaxis, autonomous, not another five or six years. we've seen over the last decade and been through white knuckle moments for musk and tesla, this is up there. a cinderella story in the near term has turned into a nightmare on elm street. it all starts next tuesday needs
we mentioned tesla, apple, microsoft, nvidia down on the nth as well. we'll talk with wedbush's dan ivess in a moment. >>> welcome back to "squawk on the street." tough week for tesla as you know on pace to end the week down more than 10% if shares end the day lower. that will the stocks longer daily losing streak since january. we know that tuesday is going to be a big day you say the clock has struck midnight and the line that struck out to me, trading in the model 2 for...
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Feb 1, 2024
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we'll talk about those, but certainly alphabet and microsoft, the reception, we'll talk qualcomm this morning better than expected, but guidance not good. seems like there's a lot of mixed sort of pictures out there. >> microsoft was fantastic, and whatever the stock did was meaningless. the analysts said it's going to be great, great, great, and then it was great amy hood was probably as sanguine as i've ever seen they've got really good a.i. alphabet did a terrific job. people were worried about the guidance last quarter, what they were worried about was google cloud, so thomas curry just accelerates, turns on the jets now nobody cares >> although azure was growing even faster. azure was just -- >> yeah, but the problem with alphabet was curry and his group, and that's off the table. i think one of the things that we have had trouble with is how much did you make on the nfl how much and because they won't tell us, then people decide it wasn't any good grow up. >> we're going to talk a lot more about it, as david said, it is a busy session, and will be this afternoon actually, gettin
we'll talk about those, but certainly alphabet and microsoft, the reception, we'll talk qualcomm this morning better than expected, but guidance not good. seems like there's a lot of mixed sort of pictures out there. >> microsoft was fantastic, and whatever the stock did was meaningless. the analysts said it's going to be great, great, great, and then it was great amy hood was probably as sanguine as i've ever seen they've got really good a.i. alphabet did a terrific job. people were...
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Apr 29, 2024
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. >> as the week ended, of course, on the strength of both alphabet and microsoft's earnings, you think that was animal spirits there? >> well, i did think it. now i wonder whether something's going to give back if apple really is going to have a tie-up with chat and not google, as "the new york times" and -- well, actually, the whole thing started with bloomberg reporting there was going to be a tie-up remember >> do. i do remember that >> apple was up. >> i know. those kinds of stories were always hard. these things are dynamic, and you -- >> because they're sourced >> i don't know why. just -- it's always hard to know -- >> that was a softball you were supposed to say, jim, they're not sourced. remember, there's no penalty if you screw up >> on apple, it's always hard. >> apple is impossible >> they're just very difficult >> i never know what they're going to do. >> this is the upgrade from tony today. goes to outperform stock's been derated the premium is low by history. china weakness is cyclical, not structural and more a.i. could be a tailwind >> i know. i mean, but i saw -- i wa
. >> as the week ended, of course, on the strength of both alphabet and microsoft's earnings, you think that was animal spirits there? >> well, i did think it. now i wonder whether something's going to give back if apple really is going to have a tie-up with chat and not google, as "the new york times" and -- well, actually, the whole thing started with bloomberg reporting there was going to be a tie-up remember >> do. i do remember that >> apple was up....
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May 16, 2024
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microsoft is such a smart company. for them to be worried about i, i guess everyone should be worried. i mean, a putin meeting with -- putin meeting with xi, it's just like, why? guys. but the news flow, everywhere. like sara's excellent interview with netanyahu. it was excellent. and aii'm sitting there and listening, and one thing we can all agree on is this is an unstable situation. ukraine, unstable. and yet, market remarkably stable just choosing to say, look, these are not why you should buy or sell dow at this price. and i think a lot of people at home are saying, i just watched netanyahu. i don't know if i want to be involved in stocks. and then the market goes to these highs, and you say, well, maybe i was wrong trying to conflate the two. >> right, right. yeah. energy's a good example, jim, although it's up a bit today. we've been talking about the rolling 30-day decline, one of the worst of the year as that war premium's been drained out. >> i just am shocked. i don't know, again, i hate to opine on anything
microsoft is such a smart company. for them to be worried about i, i guess everyone should be worried. i mean, a putin meeting with -- putin meeting with xi, it's just like, why? guys. but the news flow, everywhere. like sara's excellent interview with netanyahu. it was excellent. and aii'm sitting there and listening, and one thing we can all agree on is this is an unstable situation. ukraine, unstable. and yet, market remarkably stable just choosing to say, look, these are not why you should...
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Feb 23, 2024
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. >> microsoft remember, just a few months ago, everyone talked about they had an nvidia-killer and nvidia was, like, bring it on, man. we need more chips hey, i understand google has an nvidia-killer, and they say, we hope so, we can't meet the demand for google. people don't understand anything about these guys they are so not masters of the universe i don't know if you watch masters of the air they're clearly not masters of the air. they want to be master of that great buffet on friday night >> you're talking about a gut renovation of the entire i.t. stack, but the question, then, is, how large is the halo effect going to be? do people buy palo alto off this because despite some of the disappointments in other areas >> i think what will happen is we'll go back to the fed i think if everything changes, you're going to have -- you don't have enough people in our country. you don't have enough cybersecurity in our country you don't have enough hardware in our country hardware, meaning, steel if you're going to do every datacenter over, but you're going to have to and one of the things that
. >> microsoft remember, just a few months ago, everyone talked about they had an nvidia-killer and nvidia was, like, bring it on, man. we need more chips hey, i understand google has an nvidia-killer, and they say, we hope so, we can't meet the demand for google. people don't understand anything about these guys they are so not masters of the universe i don't know if you watch masters of the air they're clearly not masters of the air. they want to be master of that great buffet on friday...
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May 9, 2024
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what google is doing, microsoft is doing, apple, meta. we thought capex would grow 20% this year. before this earnings we raised it to 26% and now we're looking at 40% capex growth this year with continued capex growth next year these top customers realize deploying this a.i. infrastructure is a massive productivity boost both for their own internal services, but also as setting these services and providing the infrastructure for enterprise. we heard that from service now yesterday. so, think of a.i. as this massive productivity enhancement tool and then companies such as nvidia and arm and broadcom and marvel are providing solutions to do so these stocks can sometimes get crowded but when it comes to the adoption of a.i., i think we're in year one or two of what could be a multiyear investment cycle. again, it is a productivity enhancement tool and i think the change of these networks from the traditional way over to an accelerated manner, i think it is massively beneficial to semiconductor companies. >> yeah. a good way to end it right there. we have to keep it a bit short today
what google is doing, microsoft is doing, apple, meta. we thought capex would grow 20% this year. before this earnings we raised it to 26% and now we're looking at 40% capex growth this year with continued capex growth next year these top customers realize deploying this a.i. infrastructure is a massive productivity boost both for their own internal services, but also as setting these services and providing the infrastructure for enterprise. we heard that from service now yesterday. so, think...
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Mar 11, 2024
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nvidia, microsoft, meta, the like, and amazon. but talking about, you know, the concentration of those stocks in particular and how they've outperformed the othermy ga caps, i'd like you to way in. >> no. it's been the extra energy source in the market that does not get really well explained by the broader macro or earnings flow or anything like that. all the markets need something like that where it's not just about we're going to ride the cycle and we'll see how it goes. it has to be more open-ended, we're enthusiastic about something. the market definitely creates more names, more ways to leverage this trend, i think. it has been tough, i think, to have nvidia be the kind of killer app so to speak and everybody acknowledges it has the momentum. so we haven't seen the ipo flow. maybe we're not going to get it because it is such a scale business. it's usually when you see one of these super boom time sectors, everybody is rushing. it seems to have happened so fast. >> it did. to your point, at least the beneficiaries are the hype
nvidia, microsoft, meta, the like, and amazon. but talking about, you know, the concentration of those stocks in particular and how they've outperformed the othermy ga caps, i'd like you to way in. >> no. it's been the extra energy source in the market that does not get really well explained by the broader macro or earnings flow or anything like that. all the markets need something like that where it's not just about we're going to ride the cycle and we'll see how it goes. it has to be...
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Jan 3, 2024
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microsoft just had an incredible run. >> but you're talking valuation. you're not pointing to concerns about corporate capex or weaker household or wave of corporate bankruptcies in '24. >> not at all. i mean, rite aid? that's really good for walgreens. i'm going to see tim at the jpmorgan conference. i'm just, you know, look, i don't like to pay 33 times earnings. i don't like to pay 29 times earnings for apple. people should recognize that the multiples got very high, except for meta, which has a low multiple, and alphabet, which may not be able to make the numbers because of google cloud services. meta is insanely inexpensive if you want to look at on it forward, because of the efficiency. the question is, can -- are these new products going to sell? like with apple, vision pro, doesn't even rate in any of these forecasts, and the -- the ray-bans from meta don't rate, and the meta 3, the quest 3 don't rate. i mean, even just thinks that everything is a bust that any of these guys come up with. i do point out that i could make a very strong case for me
microsoft just had an incredible run. >> but you're talking valuation. you're not pointing to concerns about corporate capex or weaker household or wave of corporate bankruptcies in '24. >> not at all. i mean, rite aid? that's really good for walgreens. i'm going to see tim at the jpmorgan conference. i'm just, you know, look, i don't like to pay 33 times earnings. i don't like to pay 29 times earnings for apple. people should recognize that the multiples got very high, except for...
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Feb 21, 2024
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cloud cap x increasing from the likes of microsoft, amazon, google and all of that, that you just saw on your screen, is sending the message that the a.i. is sustainable and that's what inves investors need to hear in today's market especially for the up tick in nvidia stock the last year. >>> let's talk about that with lucas kay. lucas, kristina partsinevelos mentioned the 20 year revenue, is that the important number. >> it is thanks for having me i think another figure to keep an eye on is the data center sales how the gpus have sold to major customers and what the guidance and outlook on that is given as mentioned there are still some lingering supply risks and constraints that the overall industry is facing today. >> where's the balance right now in terms of supply inventory, availability guidance, the market wants to see some but some argue you don't want to see too much because that implies maybe a correction coming down the pike >> yeah, i think it's an ongoing delicate balance between the supplier and nvidia. we've seen commitments on the foundry end to continue to increase a
cloud cap x increasing from the likes of microsoft, amazon, google and all of that, that you just saw on your screen, is sending the message that the a.i. is sustainable and that's what inves investors need to hear in today's market especially for the up tick in nvidia stock the last year. >>> let's talk about that with lucas kay. lucas, kristina partsinevelos mentioned the 20 year revenue, is that the important number. >> it is thanks for having me i think another figure to keep...
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Feb 28, 2024
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see the eu last night against microsoft? >> no. >> saying their cybersecurity is a bundle product and if you take their cybersecurity, you can't go over and say, take crowdstrike. a serious, not usual shakedown, eu. it's not like, write a check. >> yeah. >> so, i don't know. maybe we're getting -- if it's the business model of united health, which i always thought was the greatest business model in the world, because they have all the data, well, they're crushing everybody. >> they do have the data. they say that optum is completely at arm's length. >> kanter doesn't want to do tv. >> at some point, they'll come public, and maybe he'll do something. right now, it's just reports, starting with that upper hudson valley news. >> better than humana stock. >> yeah. health insurers always win, and we lose. >> yeah. although we don't have them as our insurer here at comcast. i don't know what it is. independence blue cross -- >> it's incredible. you go and no doctor takes it. it's amazing. this is the most -- it's the biggest fiasc
see the eu last night against microsoft? >> no. >> saying their cybersecurity is a bundle product and if you take their cybersecurity, you can't go over and say, take crowdstrike. a serious, not usual shakedown, eu. it's not like, write a check. >> yeah. >> so, i don't know. maybe we're getting -- if it's the business model of united health, which i always thought was the greatest business model in the world, because they have all the data, well, they're crushing...
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Mar 26, 2024
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i also think it's interesting, the new pc, branded microsoft pc, not an hp, not a dell, but a microsoft. i was on this morning on chatgpt, i do prefer claude 3. it's 4 billion with amazon it's much more controversial chatgpt is much more stilted if you hit me up in clod 3, it's hysterical >> they're beginning to parse different products >> it's dynamite if you can read moby dick in less than a second, clod3 is this new supercomputer it's much more controversial which i think is really going to make it so people say, you know what, i'd rather go up to this is the existential threat of google i'd rather go to clod3 have an an intelligent conversation. i'd rather have a conversation with clod3 than search with google >> so you're using it with that kind of frequency? >> oh, yeah. >> what question would you pose? >> on the mastercard/visa, i posed is this the case sicking you around since 2005, explain to me what the consequences could be and they talked about -- they didn't mention the $30 billion figure because that's a joseph stiglet's figure, but they gave me more background than going
i also think it's interesting, the new pc, branded microsoft pc, not an hp, not a dell, but a microsoft. i was on this morning on chatgpt, i do prefer claude 3. it's 4 billion with amazon it's much more controversial chatgpt is much more stilted if you hit me up in clod 3, it's hysterical >> they're beginning to parse different products >> it's dynamite if you can read moby dick in less than a second, clod3 is this new supercomputer it's much more controversial which i think is...