Bonawyn eye sonson, karen finerman, dan nathan, and guy adami. Ceo jensen huang of nvidia speaking right now. Hes announced new partnerships and unveiled a new gpu. Shares up 5 earlier in the day, but closed up less than a percent, currently trading down by a quarter of a percent. Kristina partsinevelos joins us now with the very latest. Kristie anyway . Nvidias ceo reiterating we are just at the Tipping Point for a. I. , and all that means is that youre going to need bigger gpus. Nvidia revealing its new generation Artificial Intelligence platform. Key word platform there, to run a. I. Models. They are calling it blackwell, and it comes with the blackwell bh200 gpu, the graphics processing unit, the latest one weve been waiting to hear about. Its going to be four times the training performance of the h100. 25 times lower in energy use and 30 times the inferencing power, compared to the previous hopper architecture, or the h100 chip that weve all talked about constantly. Inferencing is
November were diving into all of todays fast money movers. Im melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, karen finerman, courtney garcia, and the bitcoin baller himself, brian kelly. Great to be back. And we start off with the most anticipated Earnings Report of the season. Nvidia shares at alltime hikes after posting a top and bottom line beat for q1 guidance for the Current Quarter coming in above expectations the chip giant also announcing a 10 for 1 stock split and a dividend hike. The Conference Call just kicking off moments ago. Kristina partsinevelos is here to break down the quarter. Hi. Investors got what they wanted earnings beat, revenues matching buy side pexation expectations. Same for the q2 revenue guide, came in at 28 billion q2 margins are expected to drop to mid 70s, exactly what the company warned about in the previous call. So, overall, the companys fundamentals still in tact saw that with the beat in the numbers. Bu
Nasdaq climbed, s p. 51 im sure you have some stocks. Maybe moving into something a little more placid like the industrials. At back my Old Hedge Fund we reviewed our positions three times a day. Thats right every day. Three times a day id have to defend them to karen cramer, our head trader. If my enthusiasm flagged at all, if there was a negative news story, a downgrade, a price target cut, or even if the stock was just heavy where sellers didnt seem to care what prices they sold their stock at, shed deem it vulnerable and kick it out. Whether i liked it or not. Sell sell sell sell sell it was brutal but necessary. We had to contain our losses they were looking over our shoulders. And when it came to dead money forget about it. Shed say lets boot it and come back at a better time, there are other stocks to own that can win. You see this attitude a lot from people that come on our network, dont you . Theyre running money aggressively they can vacillate constantly i did the same thing
Trim apple and sold off paramount at a loss. Speaking of paramount, the company is, or its special committee is opening up negotiations with sony and apollo. Theyre also talking with skydance as well about their bid for the overall company. From here at the Milken Institute global conference in los angeles, the next two hours, were going to be joined by marc rowan, David Solomon, and darren woods. So, nice lineup ahead, guys. Lets begin, david, with buffett and apple after that stocks friday rally. Berkshire says it did trim its stake by about 13 to just over 135 billion in q1. Didnt stop buffett from praising apple at the meeting over the weekend. Take a listen. At the end of the year, i would think it extremely likely that apple is the largest common Stock Holding we have now. When we look at cocacola and American Express and apple, we look at them as businesses. Now, theres differences in tax factors, managerial responsibilities, all sorts of things, but in terms of pulling your mon