Nvidia. We will hone in on them to get a preview of what we can expect from their earnings later in the week. The grayscale ceo, leaving the company after three years at the helm. That and so much more. A quick check on the macro as we see record high after record high across the benchmark, the nasdaq, the s p 500, the dow, all powering higher on the fact that you are still seeing perhaps that geopolitical risk, of course, with a fatal crash happening in iran, not enough to take away the overall focus that is the macro policy of a Federal Reserve that can potentially cut rates into the second half of the year. Thats what the market wants to see coming off of the bond market yields going up one or two basis points with quietness as we have a lot of fed speak to digest. Copper at a record high, medical metal, gold, copper, a conundrum when it comes to the Federal Reserve, but record highs in the commodity space. In the world of crypto there is a risk on set filtering into crypto. 66,900 is where we trade and then we are headed into the individual movers. We have raced ourselves for an all Important Company earnings. We are still waiting for the last ones when it comes to the market cap. Wednesday, we get overall numbers from this company, many anticipating will they be able to vindicate the analysts who can buy the stock on the zero cells after a more than 500 rally since the beginning of 2023 . Dallas under pressure, interesting that jp morgan is looking to buy into this stock after its earnings later in may. 148 . The price target was up to 155 and we want to talk more about these stocks and the focus of Artificial Intelligence over in dell world, the conference now, kicking off in las vegas. You are there and we have got a special guest. Ed by the way, the relationship between those companies is part of the buildout. Lets kickoff coverage with arthur lewis, president of the Dell Infrastructure Solutions group. The reality is, we can talk about generative ai all day long, but that is what we are still talking about, infrastructure play. Set the scene for us, whos coming and what do you think you will be talking the most about . Arthur first of all, thank you for having me, we are excited to be here with 10,000 of our assist friends, customers, analysts, to talk about what we are working on. No question that we are working at one of the most Interesting Times in history. The changes in Artificial Intelligence will unlock the value that world data brings to organizations of all sizes, record levels of innovation and work worse relativity. So, you are going to hear from a lot of great partners, stories around the acceleration of generative ai, service now, samsung, hearing about our partnerships with nvidia, broadcom, microsoft, its an exciting and actionpacked show. Ed ai factories, in march dell said you are trying to simplify the investment. What is nai factory . Arthur Artificial Intelligence is challenging giving given the rapid rate of innovation in the space. We take a consul approach in terms of how we buildout factories. What customers are looking for is needing help for the use case and help and how to do the model selection. I need help in how to do data prep on the architecture, the infrastructure. We bring that strategy to bear in our ai factory, a combination of infrastructure compute network storage, engineered and optimized with the buildout of the partner ecosystem. You will hear from Companies Like meta, the partnerships that we have their, with Consulting Services that help customers salary that appointment. Ed our big question throughout the day is who is the buyer of ai factories, right . The story so far has been nvidia selling highperformance gpu to hyperscalers and meta, basically. The dell history Sales Channels have been different, right . Selling to the government, are they the buyers . What are we talking about here . Arthur this is one of the most Interesting Times in human history. A lot of people say we are in the early innings of a baseball game. Seems like we are just pulling into the stadium and the game has an even started. Its about large training clusters. The enterprise, what they are looking for, deploying ai the right way. Its a line to where the data resides. Do it in an open and flexible way. They want a choice in how, when, where the models. Ed the first or fastest a 1 billion, that was an exciting headline, right . Why was it so fast selling relative to your server history . Arthur we like to say our engine is firing on all cylinders. We run the engine extremely hot. Its in the marketplace for several reasons. The densest in the region, its one chassis to support silicon diversity. From amg, nvidia, gaudi. We have consistent design for operational simplicity. Offering ethernet for full maximum throughput. Is the best solution out there for generative ai. Ed how are you using generative ai at home and work . Talk to me about how you use it. As a human, as a person. Arthur ive been using it. Meta has a great generative ai on instagramming facebook. Whatsapp, messenger, the innovation in the space is happening so rapidly. Its one of the most Interesting Times in human history. Ed the servers design, its gpu agnostic in many ways. Everyone keeps telling me that choice matters. The difference use different ai accelerators, nvidia is a clear worker in this market. Your job is that their interaction with public and private sector customers. How microfocused are they on nvidia, intel, in the conversations you have . Ed companies Arthur Companies are looking for a trusted advisor. We understand the landscape better than anyone out there. We understand ecosystem, all the services. Our job is to go in and understand what the customers are looking to accomplish. Ed arthur lewis, president of the infrastructure solutions, thank you for kicking off l technology with us here in las vegas. Caroline and Mark Caroline what a great conversation caroline . Caroline what a great conversation as we think about how the executives are using this powerful technology. Coming up, its the make or break Earnings Results of the week. The company that ed was just describing their with arthur, not just dell, but nvidia two. Keep a close eye out on zoom, we are anticipating a 2 increase. Palo alto, pushing up a quarter of 1 . Thats the cybersecurity juggernaut since it listed. This is this is bloomberg. This is Bloomberg Technology. Ffe chatter is it me. Or is work not working . At least, not the way it could work. Your people are buried in busy work. And you might be thinking. Can ai make it all work . Can ai help your people work. Without all the workarounds . Feel better. Make Customer Service work the way customers expect . That one. Make your old tech work with your new tech . Thank you. And todd here is wondering, can ai do all that. Now . No pressure. It can. On the servicenow platform, ai transforms your entire business. Your people work better, your customers are happier, and todd. Well. Hes practically euphoric. Practically. Because when your people work better, everything works better. So what are you waiting for . Lets get to work. Idris elba works here . Mmhmm. Ya, hes super nice. You know whats 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 its 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 unboring if you think about it. Caroline the last of the socalled magnificent seven stocks on wednesday, nvidia, important to the overall stock market. Its make or break, the third major player when it comes to the nasdaq 100 in terms of capitalization. We want to see how much there is commitment to ai chips, infrastructure buildout, buying the companys products. Joining us now with a preview of what to expect, our Bloomberg Intelligence analyst. Its not often the anticipate Revenue Growth in excess of 200 for a company. How can we live up to it . Theres been no lack of demand signals last quarter. The largest customers, hyperscalers, they have all increased outlook for capex spending this year. The biggest supplier has given positive commentary about ai demand continuing for the rest of the year. When you look at and it easy and other regions increasing spending nai, acrosstheboard we have significant, strong, real demand signals coming in for the company and feel good about them coming in solid this week. Caroline supply going to be lees phone . That seems to have been the limitation for their story. Kunjan supply has been coming on significantly each quarter. That is what we expect. So far, they have executed well without any big mrs. , i would say. In terms of supply coming on, we dont see significant risks. Closer to nine weeks, 10 weeks, we have the h 200 as well. Coming over the second half of this, there will be more in the mix. They have more levers to push now in order to meet those numbers unless the supply change sees an issue. Caroline you focused in on the incredibly powerful chips and architecture with china is a big customer. It does not want or cannot have the most powerful chips that nvidia produces. Kunjan look, i think in the near term the geo could be a positive, yes, the china regional preferences are not to use nvidia chips, but thinking about the customers in china, they would still if they can like to use nvidia chips, they are the best group out there. We could see some sort of april a pull in from china and the u. S. , pulling in the demand over the next few orders. Caroline cool ridge, mainly working with nvidia here, the ceo telling us Everyone Wants an nvidia chip. Yes, you can talk about the competitors of the market, but ultimately that is what the demand is. Is anyone starting to show the competition angle on the market share . Kunjan nvidia still has the lions share and we dont see that getting changing significantly. Caroline generative ai was energy and supply for chips. How likely is that to be something we are hearing discussed on the call, that this is the one that needs fixing, ultimately, impacting the environment or the costs of energy . Kunjan it has acrosstheboard. I dont think we will hear a lot about that specifically. We will hear about customer costs, to be honest. Even if a real increase in power , theres a total tco that continues to get better. Caroline thank you, be a busy week for you, kunjan sobhani, with all eyes on nvidia. Coming, whats happening in the here and now in tesla . Job cuts loom, anxiety is gripping the workforce. Thats next. This is Bloomberg Technology. Caroline openai work to halt the use of the voice no says sky in the audible chatgpt after users noticed it sounded very similar to scarlet johansson. It wasnt meant to be an imitation, they said, and voices are a new feature for chatgpt. Much more, later in the show. Cyber software has agreed to purchase the navi venafi for 1. 5 billion dollars. Airlines the card issuers and banks. The acquisition is expected to close in the second half of two dozen 20 or with half of a Million Dollars in recurring revenue. Bytedance overtakes baidu after a release in august. Downloads surpass rivals and have more regular monthly users. The tiktok parent made a priority of catching up with Artificial Intelligence and the chat hot becoming one of the most downloaded today. Keyword studios rose the most since 2013 after the company disclosed it was in advance takeover talks for the ept group. The dublinbased studio provided game development, audio, art services to the gaming industry, working on titles like fortnite. Now lets talk about whats been happening over the past month in the elon musk plans to slash 10 of their workforce. Joining us to break it all down in the latest news is craig trudell. I can only imagine how anxiety inducing it is to just be waiting for that letter, that email. Craig yeah, and it is a case that it is a sort of week two week, day to day thing for employees where you just dont know when that tap on the shoulder, or in the case of tesla, as we put it in the story today, the dear employee email. Employees getting these messages that dont address them by name that reveal they are leaving the company, that they are being let go. This is just something that has continued to roll for weeks and weeks. We have heard exclusive reports in this story that it is something expected to continue through june. The company, as we know, has been going through tumult. Its been selfinflicted, raising questions about execution amidst a cloud hanging over your head every day, working at tesla. Caroline morale must be taking a hit and im also interested in the use and it has had around the supercharge that was brought back. How committed to the overall job cuts does the company seem to be . Craig i think that particular aspect has been disruptive, raising a lot of questions about whats going on here. It is a kind of down jewel within the company. It may not have been making a ton of money for the company directly, but the fact that they were able to offer such a superior charging experience to other charging networks, even able to get the rest of the industry on board, it was a show of force on the part of the company last year that they were able to get the entire industry to say that you know what, this is the better plug and we would like to be able to use the tesla network. The industry is still pursuing that despite the fact that some of these companies have not been able to get anybody on the phone who runs that part of the business. Its an issue for these companies, given the bet that they are making here. Caroline lets play devils advocate and look at who is still in at tesla, because for many its a earth altering kind of business to play a part in. Is anyone still feeling galvanized . Craig interestingly, musk has been trying to set in the last few days, engaging with people who are calling out the idea that the media predicted the demise of twitter when he cut that work. A lot of his fans on their are speaking to this idea of everything is fine, nothing has gone wrong. I think that that is, you know, in interesting thing for him to be engaging with over the last you days and may or may not be a nod to the idea that there are similar tropes showing up in the way these job cuts are being reported, both internally and externally in the media. I would note that this is not just media. This is current or former tesla employees describing the state of affairs at the moment. Caroline taking to linkedin to talk about how painful it is as an individual, how it affects your family and mental health. Does it affect demand . For many, this does impact the brand. Craig theres a very interesting question about whether or not the company is able to execute, in spite of all this. Within the story we have spoken to the idea that the sales staff has been affected. Some workers flagged the idea that because they were cut, they had a real concern about whether or not that was going to have an effect on the ability of the company to close deals, to bring the customer along the journey of coming to grips with spending tens of thousands of dollars on a tesla as opposed to the growing number of options now in the ev market. That is going to be something to watch when the Company Reports secondquarter deliveries. He set a high bar and said you know what, we think the Second Quarter will be better than the First Quarter. The First Quarter was dismal. Whether or not they can execute is really going to be important. Caroline thank you so much for the insights, craig trudell. Coming up, we will be back to las vegas for the dell conference and what to expect. Sitting down with ed, you dont want to miss it. This is Bloomberg Technology. Lloon ride . Swim with elephants . Wait, can we afford a safari . Great question. Like everything, it takes a little planning. Or, put the money towards a downpayment. On a ranch. In montana. With horses lets take a look at those scenarios. J. P. Morgan Wealth Management has advisors in chase branches and tools, like wealth plan to keep you on track. When youre planning for it all. The answer is j. P. Morgan Wealth Management. Caroline checking on the markets, they are macro fueled in many ways. The fed speaker at the moment is anticipating more on the speaking front, with buying into stocks at the moment if you think the fed might cut in the first half of the year. Record high, record high, not record high when it comes to the record world index. Europe, the s p, the nasdaq, the dow are at record highs. Bitcoin, up 1. 7 . Mood music, still positive despite geopolitical risks. Tesla, off by 1. 7 . They growing hit to the morale, job cuts being tested by the business. Looking at what is happening with wix, this is a web platform company, best days since march of 2020 as it blows away analyst expectations. This is the name that we are waiting for when it comes to earnings. After the bell, there is zero analysts with a sell rating on the stock being up more than 5 since the beginning of 2023, bets are on when it comes to Artificial Intelligence and managing geopolitical tensions. Nvidia, ai, using it in our world in our life the las vegas, we are waiting for the news coming from the dell keynote speech later today. Ed, you are over there with a key guest . Ed thats right, the president of creative strategies, carolina milanesi. You have so much experience, covering consumer technology. If you dont mind me saying. This is my first deltek world, not yours, but everyone i opt into at the airport last week said that this was very big, and in the enterprise context, why is that this time around. Carolina i dont think we heard it enough this morning, let