Nvidia freezone. This thing has gotten too much even for me. We have to focus on something else. It seems the market only has the ability to focus on one stock at a time. That is why the dow up four points, the nasdaq jumped. I am thrilled that we can actually look at other companies. Even those making computer chips, generate a very i. Even if nvidia but the gravity of yesterday so often when up again today i think it is headed much higher. I always tell you to own it, not trade it. I think we can afford to give some of the companies a little love without betraying the ai colossus i like so much. Fortunately we have some very exciting Companies Reporting next week. Ones that revolve around whether the consumer is fatigued, taking a break, trying to figure out what to do. On tuesday, the holiday shortened week which is terrible because i celebrate the holiday like everybody else. I will be planning. On tuesday, we find out if cava is worth its rep today. This seems to be bandied about
Some gains at the open expectations are high for the chip makers results after the bell watch apple. The midst of a sevenday win streak with a gain of nearly 13 so far this month. Lets begin, though, with target down sharply on this Quarterly Earnings miss and a sales decline. The retailer did say customers cut their spending on discretionary and grocery. Company did reaffirm fullyear guidance, jim. They guided comps down and came in 3. 7 when you talk to brian, hell be insistent that this wasnt anything that you should find unexpected the thing that im struggling with is he talks about the consumer, in tepid terms walmart didnt walmart told about a consumer thats in good shape and price rollbacks. We didnt get price rollbacks from target until this week. So, im beginning to wonder whether target is out of position versus walmart. Where walmart is really starting to walmart plus represent a bargain. Walmart can also subsidize sales because they have this terrific advertising business t
Satya nadella is wrapping up his keynote address at the companys build Developers Conference. The shares hitting alltime highs today. Steve kovach joins us from seattle with more. Steve . Reporter hey there, kelly. Yeah, were here at the tail end. Right now we have microsoft cto kevin scott on stage, giving a lot of demos of chatgpt 4. 0. That is, of course, the new language model that chatgpt, open ai launched last year, the one that lets you have these natural conversations. Were also looking, friend of your show, khan, from khan academy is on stage talking about the tudoring benefits. And this is really the big theme of this Developers Conference is giving developers these the latest and greatest tools to run on microsofts azure cloud, like i have been saying for so long. That is where microsoft sees the most financial benefit so far from all this Artificial Intelligence boon. These developers in the room, about 4,000 of them down stairs from where im sitting, theyre the ones who ar
For nvidia. Chip stocks waiting to fuel record highs for tech and options point to a big swing when it reports tomorrow. The Jpmorgan Chase ceo an nouning his retirement may come within five years. Lets begin with the markets, jim. A bit of the setup here, tech alltime high on the s p. There are semiconductors yesterday that arent even doing well or at least hinted that things are turning. Texas instruments gave a sense that the stock was just on fire. Micron on that basically capitulation call. Ive missed it. Im going positive. It worked. Qualcomm on the idea that some people are looking for their chips even though they should be in abundance. Yesterday was a day where bro broadcom, were talking about a Top Ten Company in america. I asked jensen whether he would split the stock, the ceo of nvidia. He said, well, ill consider it. Do you know what would happen if they split that stock . A 10 move. It would be insane. It would be based on nothing. Well get a 10 for 1 lrcx along with a bi
Because the odds for a june fed rate policy pivot, well, theyre going it was just it was ridiculous. It was always going to be hot. Yeah, yeah. No. Plus, big tech divergence, alphabet, amazon at highs, jim, but apple and tesla, i dont know if you noticed, theyve been struggling a bit. Nvidia, were going to talk about that stock, of course. How could we not . Its entering a correction. Well, if you dont know what it is or if you think its my dog, then why dont you sell some. Finally, jim, the airlines are leading s p premarket gainers. Delta topping quarterly estimates. Its focused on efficiencies im focused on the fact that phil lebeau has been here for 25 years and hes the best. Lets not lose sight of real things. Hes the best he is. Rely on phil more than we ever have. Lets start with the market, get your reaction to the hotter than expected cpi print. Weve heard from the analysis in terms of expectations for a fed rate cut, which are fading fast. The yield curve inverting a bit. The