Nvidia Fuels Global Rally; Goldman & Boeing Management Changes

Bloomberg Audio Studios, podcasts, radio news. Good morning. 0:00:10.080 --> 0:00:13.040 I'm Nathan Hager and I'm Amy Morris. Here are the 0:00:13.080 --> 0:00:14.680 stories we're following today. 0:00:15.440 --> 0:00:18.759 That surge in futures, particularly the two percent gain for 0:00:18.800 --> 0:00:22.799 the Nasdaq futures, follows another blowout quarter from Nvidia. The 0:00:22.880 --> 0:00:26.240 AI Darling is up more than twelve percent in early trading. 0:00:26.239 --> 0:00:28.639 In fact, it's some more than fourteen percent now. The 0:00:28.680 --> 0:00:31.480 world's most valuable chip maker says revenue in the current 0:00:31.520 --> 0:00:33.879 period will come in at a better than expected twenty 0:00:33.960 --> 0:00:37.320 four billion dollars. On the conference call, in Vidia CEO 0:00:37.400 --> 0:00:39.760 Jensen Wang says the future looks bright. 0:00:40.360 --> 0:00:43.559 We guide one quarter at a time, but fundamentally the 0:00:43.640 --> 0:00:48.559 conditions are excellent for continued growth calendar twenty four to 0:00:48.640 --> 0:00:51.120 calendar twenty five and beyond. And let me tell you 0:00:51.159 --> 0:00:56.200 why we're at the beginning of two industry wide transitions. 0:00:56.760 --> 0:01:00.400 Nvidia CEO Jensen Wang says demand for Nvidia's newest products 0:01:00.440 --> 0:01:03.040 will continue to outstrip supply for the rest of the. 0:01:03.080 --> 0:01:06.640 Year, and Nathan other tech stocks are riding the Nvidia 0:01:06.720 --> 0:01:10.640 train this morning. In early trading, shares of super microcomputer 0:01:10.720 --> 0:01:15.440 are surging about fifteen percent. Advanced micro devices, Planeteer and 0:01:15.680 --> 0:01:19.920 Marvel Technologies all up six percent, Applied Materials up almost 0:01:19.959 --> 0:01:22.400 four percent, Intel up about two percent. 0:01:22.560 --> 0:01:25.319 Man, Amy, we're seeing the Nvidia effect impact stocks in 0:01:25.360 --> 0:01:27.959 Europe as well. Let's get the latest on that now 0:01:28.000 --> 0:01:29.360 from Bloomberg's un pods. 0:01:29.360 --> 0:01:32.280 Good morning, un, Good morning, Nathan and Amy. The artificial 0:01:32.280 --> 0:01:35.560 intelligence party rolls on into Europe. The stocks ex hundred 0:01:35.640 --> 0:01:38.800 hitting a record high this morning, with optimism around economic 0:01:38.840 --> 0:01:41.640 growth feeding the rally. But it is the tech story 0:01:41.760 --> 0:01:46.680 turbocharging gains today, with the sectorizing after Nvidia's blowout sales forecasts. 0:01:47.000 --> 0:01:50.800 Shares in b Semiconductor jumping after reported high revenue on 0:01:50.960 --> 0:01:54.480 AI chip demand. Also at the party today, chip Machine 0:01:54.480 --> 0:01:57.960 giants ASML of the Netherlands IT shares adding to you today, 0:01:58.040 --> 0:02:02.240 gains already in excess of twenty in Dubai. I'm your impulse, 0:02:02.320 --> 0:02:03.440 Blinberg Radio. 0:02:03.360 --> 0:02:06.200 Thanks you, and we were also seeing stock surge in Asia, 0:02:06.240 --> 0:02:09.320 in fact, a milestone for Japanese stocks. The NYK two 0:02:09.360 --> 0:02:12.920 twenty five index rallied more than two percent to close 0:02:12.960 --> 0:02:16.279 above a peak last achieved in nineteen eighty nine. Technology 0:02:16.360 --> 0:02:19.080 shares and chip gear producers led the gains. 0:02:18.880 --> 0:02:22.080 Now this hype around in Vidia's earnings, Amy is overshadowing 0:02:22.120 --> 0:02:24.919 a hawkish tone. From the minutes of the Federal Reserve's 0:02:25.000 --> 0:02:28.560 last policy meeting, most officials remained more worried about the 0:02:28.680 --> 0:02:31.560 risk of cutting interest rates too soon than keeping them 0:02:31.639 --> 0:02:34.119 high for too long. We caught up with former Fed 0:02:34.200 --> 0:02:37.800 Vice chairman in current PIMCO Global Economic Advisor Richard Clarida. 0:02:38.240 --> 0:02:41.240 Most of the members noted the risk of moving too 0:02:41.320 --> 0:02:44.640 quickly to cut rates. There was also a reference to 0:02:44.720 --> 0:02:47.520 some of the progress on disinflation may have been due 0:02:47.520 --> 0:02:51.120 to idiosyncratic factors, so that skewed a little bit in 0:02:51.960 --> 0:02:54.320 a bit of a hawk ish a direction. Of course, 0:02:54.520 --> 0:02:57.240 since that meeting, you know, we and the fat have 0:02:57.360 --> 0:02:59.760 gotten the CPI inflation data which came in. 0:03:01.160 --> 0:03:04.280 Former FED Vice chair Richard Claieda says FED officials agree 0:03:04.280 --> 0:03:06.800 interest rates are likely at their peak, but the exact 0:03:06.840 --> 0:03:09.280 timing of the first rate content remains unclear. 0:03:09.960 --> 0:03:13.120 On the political front, President Biden is weighing a unilateral 0:03:13.160 --> 0:03:17.520 attempt to titan migrant rules. Bloomberg's Ed Baxter has those details. 0:03:17.800 --> 0:03:22.400 The administration is considering executive action, including curbing asylum claims 0:03:22.440 --> 0:03:25.840 by migrants crossing the southern border. This while the President's 0:03:25.880 --> 0:03:28.880 continuing to call on Congress to get border and aid 0:03:28.960 --> 0:03:33.040 packages passed. Any unilateral action would include the so called 0:03:33.080 --> 0:03:36.920 two twelve f which is very controversial and actually was 0:03:37.000 --> 0:03:40.640 used by Donald Trump. Republicans have continually asked him to 0:03:40.680 --> 0:03:43.520 act in this manner, and with immigration becoming the number 0:03:43.560 --> 0:03:46.520 one issue now headed into the election, this could be 0:03:46.560 --> 0:03:49.640 something he feels has to be done. It would face 0:03:49.760 --> 0:03:52.920 court challenges. Ed Baxter, Bloomberg Radio. 0:03:52.680 --> 0:03:54.800 All right, ed, thanks right now. President Biden's on a 0:03:54.840 --> 0:03:57.880 campaign fundraising swing through the West Coast, and he's sharpening 0:03:57.920 --> 0:04:00.960 his rhetoric against Russia and the Republic Wilikins. At an 0:04:01.000 --> 0:04:04.080 event in San Francisco, the President called Vladimir Putin a 0:04:04.160 --> 0:04:08.040 quote crazy sob, and he laid into GOP front runner 0:04:08.080 --> 0:04:10.680 Donald Trump for comparing his legal battles to the death 0:04:10.680 --> 0:04:15.080 of Russian opposition leader Alexei Navalni. President says, if he 0:04:15.240 --> 0:04:18.320 said the things Trump does ten or fifteen years ago, quote, 0:04:18.520 --> 0:04:19.960 you'd all think I should be committed. 0:04:20.600 --> 0:04:23.320 And turning to Wall Street, a management surprise this morning 0:04:23.320 --> 0:04:26.760 at Goldman Sets, we get those details from Bloomberg's John 0:04:26.800 --> 0:04:28.240 Tucker John and Amy. 0:04:28.279 --> 0:04:31.520 After thirty years at Goldman, Beth Hammock is calling it quits. 0:04:31.960 --> 0:04:34.000 The fifty two year old was seen as a top 0:04:34.080 --> 0:04:37.159 choice to become the next chief financial officer. That would 0:04:37.200 --> 0:04:39.600 have been a rare elevation for a woman. The lack 0:04:39.680 --> 0:04:42.440 of women at Goldman's highest levels has been a sore point. 0:04:42.880 --> 0:04:45.560 No woman has ever been appointed to the role of chair, 0:04:45.600 --> 0:04:49.480 a chief executive officer, president or CFO in the company's history. 0:04:49.920 --> 0:04:52.520 She moved me into her latest role running the financing 0:04:52.640 --> 0:04:55.520 unit and it being passed over for CFO back in 0:04:55.560 --> 0:04:59.040 twenty twenty one. Goldman and Hammock declined to comment, I'm 0:04:59.080 --> 0:05:00.800 John Tucker Bloom Radio. 0:05:00.640 --> 0:05:02.839 All right John Now. Goldman Sachs is and the only 0:05:02.880 --> 0:05:06.000 company seeing a management shake up. Boeing has removed the 0:05:06.000 --> 0:05:08.760 head of its seven thirty seven Max unit more than 0:05:08.760 --> 0:05:11.240 a month after the door panel blowout on an Alaska 0:05:11.279 --> 0:05:15.359 Airlines model. Boeing says Ed Clark is stepping down effective 0:05:15.440 --> 0:05:19.479 immediately after nearly eighteen years of service. Katie Ringold is 0:05:19.520 --> 0:05:23.440 succeeding him as vice president of the seven three seven program. 0:05:23.240 --> 0:05:26.600 And another company News. Shares of Rivian Automotive down fourteen 0:05:26.640 --> 0:05:30.080 percent in early trading. That evmaker has revealed plans to 0:05:30.120 --> 0:05:33.520 cut ten percent of its salaried workforce, and its production 0:05:33.600 --> 0:05:37.240 guidance is coming in well below Wall Street's expectations. Let's 0:05:37.240 --> 0:05:39.719 get those details now from Bloomberg's Charlie Pellett. 0:05:40.240 --> 0:05:43.279 It comes as the maker of electric vehicles grapples with 0:05:43.480 --> 0:05:47.200 stagnant demand and economic turbulence. The company said it would 0:05:47.200 --> 0:05:50.560 build fifty seven thousand vehicles this year, roughly in line 0:05:50.560 --> 0:05:53.960 with its twenty twenty three output. The forecast fell far 0:05:54.040 --> 0:05:57.080 short of Analost Savage justament of more than eighty thousand 0:05:57.200 --> 0:06:01.320 units in twenty twenty four. Thelo that detailed fourth quarter 0:06:01.400 --> 0:06:06.080 results underscores the challenge of scaling production and stemming losses 0:06:06.320 --> 0:06:11.040 in an environment of waning consumer demand for battery powered vehicles. 0:06:10.920 --> 0:06:11.600 In New York. 0:06:11.760 --> 0:06:13.560 Charlie Pellett, Bloomberg Radio. 0:06:13.640 --> 0:06:14.440 Okay, Charlie. 0:06:14.440 --> 0:06:14.839 Thanks now. 0:06:14.880 --> 0:06:18.520 On the flip side, Mercedes is up about five percent. 0:06:18.720 --> 0:06:21.599 The German automaker announced a three point two billion dollars 0:06:21.640 --> 0:06:28.680 share buyback program amid better than expected cash flow. And 0:06:28.760 --> 0:06:30.160 now it's time to take a look at some of 0:06:30.200 --> 0:06:32.400 the other stories making news in New York and around 0:06:32.400 --> 0:06:34.960 the World with Bloomberg's Michael Bark, Good morning, Michael. 0:06:34.720 --> 0:06:38.039 Good morning, Nathan. A District attorney in Arizona and Manhattan 0:06:38.120 --> 0:06:41.200 DA Alvin Bragg Aret odds it stems from a man 0:06:41.240 --> 0:06:45.520 in custody suspected of stabbings in Arizona and a murder 0:06:45.600 --> 0:06:48.640 at a Soho hotel in New York City. Twenty six 0:06:48.720 --> 0:06:52.400 year old Ride Almansouri is being held in Maricopa County, 0:06:52.560 --> 0:06:56.560 where District Attorney Rachel Mitchell says she will not willingly 0:06:56.720 --> 0:07:00.320 give him the to the NYPD because the times in 0:07:00.360 --> 0:07:02.640 Arizona could be mandatory prison time. 0:07:02.920 --> 0:07:05.760 We will not be agreeing to extradition. I've instructed my 0:07:05.920 --> 0:07:09.400 extradition attorneys not to agree to that. We're going to 0:07:09.480 --> 0:07:09.920 keep him here. 0:07:10.000 --> 0:07:11.920 These are mandatory prison sentences. 0:07:12.200 --> 0:07:15.240 Then Mitchell took a swipe at Bragg, saying she has 0:07:15.320 --> 0:07:18.880 concerns that al Mansuri could be released on bail if 0:07:18.880 --> 0:07:22.400 he has extra died at Manhattan. Having observed the treatment 0:07:22.440 --> 0:07:25.760 of violent criminals in the New York area, Bragg's office 0:07:25.920 --> 0:07:29.640 fired back. A spokesperson for the Manhattan District Attorney said 0:07:29.720 --> 0:07:33.120 it is deeply disturbing that d. A. Mitchell is playing 0:07:33.160 --> 0:07:37.320 political games in a murder investigation. Attorneys for Wiki League's 0:07:37.320 --> 0:07:40.440 founder Julian Massage were in a British court fighting his 0:07:40.520 --> 0:07:44.560 extradition to face espionage charges in the United States. Speaking 0:07:44.640 --> 0:07:48.280 during a protest following massage his latest court hearing in London, 0:07:48.760 --> 0:07:53.320 Stella Assage compared her husband to Russian opposition leader Alexi Navaldi, 0:07:53.600 --> 0:07:56.800 who died last Friday in an Arctic penal colony. 0:07:57.160 --> 0:08:01.320 Julian's life is that severe risk every single day he 0:08:01.480 --> 0:08:02.120 is in prison. 0:08:02.160 --> 0:08:03.520 He's a political prisoner. 0:08:03.760 --> 0:08:06.600 He is the world's most famous political prisoner. 0:08:07.080 --> 0:08:11.000 Lawyers for the US government argued Assage put innocent lives 0:08:11.040 --> 0:08:15.280 at risk and went beyond journalism in his bid to solicit, steal, 0:08:15.400 --> 0:08:20.520 and indiscriminately published classified US government documents. A court decision 0:08:20.640 --> 0:08:24.800 is not expected until at least next month. Justice. That's 0:08:24.880 --> 0:08:27.840 what the New York City Police union officials are saying 0:08:28.240 --> 0:08:30.520 about a thirty four year old woman being sentenced to 0:08:30.520 --> 0:08:33.600 the maximum twenty seven years in prison in the hid 0:08:33.640 --> 0:08:36.400 and run death of an NYPD officer on the Long 0:08:36.440 --> 0:08:41.960 Island Expressway. Prosecutor say Jessica Bouvey admitted drinking and smoking 0:08:42.000 --> 0:08:44.720 pot during the tragedy. In April of twenty twenty one. 0:08:45.120 --> 0:08:48.760 At her sentencing, police officers packed the courtroom. The widow 0:08:48.800 --> 0:08:53.960 of Detective Anastasios Sakos, Irene, gave an emotional statement detailing 0:08:54.000 --> 0:08:56.560 the difficult days after her husband's death. 0:08:57.000 --> 0:09:01.320 Well Jessica Bouffe was sobering up in a police station 0:09:01.520 --> 0:09:02.080 that morning. 0:09:02.920 --> 0:09:04.600 Our world was collapsed. 0:09:05.240 --> 0:09:08.000 During her sentencing, Bovey said, I am sorry that I 0:09:08.080 --> 0:09:11.160 hit him and that he is dead. New York City 0:09:11.160 --> 0:09:14.560 Mayor Eric Adams said he'll no longer carry out a 0:09:14.679 --> 0:09:18.239 plan round of budget cuts and would have affected libraries, 0:09:18.280 --> 0:09:22.640 trash pickup services to older adults. Adam says better than 0:09:22.679 --> 0:09:26.560 expected tax revenue from the city's economic recovery will halt 0:09:26.600 --> 0:09:30.679 plans to trim those services. Global News twenty four hours 0:09:30.720 --> 0:09:33.880 a day and whenever you want it with Bloomberg News Now. 0:09:34.080 --> 0:09:36.240 I'm Michael Barr, and this is Bloomberg Nathan. 0:09:36.400 --> 0:09:43.760 Okay, Michael, thanks time now for the Bloomberg Sports update 0:09:43.760 --> 0:09:45.720 brought to you. I Trice state out of your's John 0:09:45.760 --> 0:09:46.280 stash Out. 0:09:46.360 --> 0:09:46.920 Thanks Nathan. 0:09:46.920 --> 0:09:49.480 When we last saw the next they were decimated by injury, 0:09:49.480 --> 0:09:51.240 had lost four games in a row back from the 0:09:51.280 --> 0:09:54.040 All Star break. Tonight in Philadelphia the next hoping to 0:09:54.040 --> 0:09:57.800 have some of those injured players like Isaiah Hardenstein, Dante DiVincenzo, 0:09:57.840 --> 0:09:59.960 and boy On Bogdanovich healthy enough to play. It's gonna 0:09:59.960 --> 0:10:03.120 be while for Julius Randall, and he did admit it's 0:10:03.200 --> 0:10:06.280 possible he'll need season ending surgery on his injured shoulder. 0:10:06.360 --> 0:10:07.880 Big games tonight because if the season ended now, the 0:10:07.960 --> 0:10:10.800 Knicks would play Philly in the first round of the playoffs, 0:10:10.840 --> 0:10:12.719 and the two teams separated by only a half game. 0:10:12.800 --> 0:10:15.440 Sixers or without their start Joel Mbi, and they've lost 0:10:15.559 --> 0:10:18.760 nine of their last twelve. Next play tonight in Toronto. 0:10:18.840 --> 0:10:22.360 The new Nets coaches Kevin Ollie played thirteen NBA seasons 0:10:22.360 --> 0:10:25.359 for eleven different teams. He coached Yukon to the NCAA 0:10:25.440 --> 0:10:28.120 Championship a decade ago, but was fired four years later. 0:10:28.520 --> 0:10:31.200 He then filed and settled a lawsuit with the school. 0:10:31.840 --> 0:10:34.559 Now, I just thank guy for all the opportunities I've 0:10:34.600 --> 0:10:37.400 been through Yukon and ups and downs. With that, I've 0:10:37.440 --> 0:10:40.000 always learned and I'm gonna take those experiences from that 0:10:40.320 --> 0:10:43.320 as lessons and no losses in the wins. I'm gonna 0:10:43.320 --> 0:10:46.319 continue to you know, praise them and have them. 0:10:48.320 --> 0:10:51.360 Also Tonight Lakers and Warriors know Lebron James as a 0:10:51.360 --> 0:10:53.720 sore ankle. Rangers tonight bring their eight game winning street 0:10:53.760 --> 0:10:57.040 to New Jersey. Bruins beat Edmonton sixty five and overtime. 0:10:57.120 --> 0:11:00.480 Toronto beat Arizona. As Austin Matthews scored twice, He's reached 0:11:00.520 --> 0:11:03.480 fifty goals in fifty four games. That's the Fewistons. Mary 0:11:03.480 --> 0:11:06.320 o Lemieux twenty eight years ago, much needed win for 0:11:06.360 --> 0:11:08.920 struggling Saint John's Red Storm blew much of a twenty 0:11:08.920 --> 0:11:11.480 two point lead, but held on and won at lowly 0:11:11.600 --> 0:11:14.680 Georgetown ninety to eighty five. LSU scored at the buzzer 0:11:14.679 --> 0:11:18.040 at upset Kentucky Penn State, a one point upset win 0:11:18.080 --> 0:11:21.920 over twelfth Night Illinois. Tiger Woods his fifteen year old son, Charlie, 0:11:21.920 --> 0:11:24.960 playing golf today in Florida. He's hoping to qualify for 0:11:25.000 --> 0:11:27.920 the upcoming PGA tourney near his home. If he makes 0:11:27.960 --> 0:11:30.959 it into the field, he'll play at a younger age 0:11:31.000 --> 0:11:34.439 than when Tiger made his PGA debut when he was sixteen. 0:11:34.760 --> 0:11:37.080 John Stashellard Bloomberg Sports, Stephen. 0:11:38.360 --> 0:11:40.880 All Right, John, thank you and we go now to 0:11:41.240 --> 0:11:44.559 the top story of the morning. That would be in 0:11:44.640 --> 0:11:49.440 Nvidia delivering another quarter forecasting a massive sales gain for 0:11:49.480 --> 0:11:52.720 its industry leading artificial intelligence chips. It's adding to a 0:11:52.800 --> 0:11:56.360 streak that has made the AI chip powerhouse one of 0:11:56.360 --> 0:11:59.280 the most valuable companies in the world, certainly the most 0:11:59.360 --> 0:12:02.400 valuable chip maker for some analysis. We are joined now 0:12:02.440 --> 0:12:05.040 by one of Wall Street's loudest tech bulls, Dan Ives, 0:12:05.160 --> 0:12:09.520 senior equity research analyst at Webbush Securities. Dan, thanks for 0:12:09.559 --> 0:12:11.960 being with us on an early morning. I want to 0:12:12.000 --> 0:12:15.240 start right with your note calling this a game changing 0:12:15.280 --> 0:12:18.600 moment for tech bulls and the AI revolution. What has 0:12:18.640 --> 0:12:21.079 you saying that about Nvidia's latest earnings. 0:12:21.760 --> 0:12:24.480 Look, this is a tower swift moment I mean for 0:12:24.559 --> 0:12:30.520 the tech bullmarket. AI revolution starts within video and this 0:12:30.600 --> 0:12:33.400 is a game change in quarter. It shows that this 0:12:33.480 --> 0:12:38.199 is not peaking, it's accelerating. This is jet fuel into 0:12:38.240 --> 0:12:42.959 the broader tech rally from Microsoft for chip memes for 0:12:43.120 --> 0:12:45.680 for what I view as as probably the most important 0:12:45.720 --> 0:12:47.599 earnings we've seen in five years. 0:12:48.480 --> 0:12:51.680 It's not peaking, but it's accelerating. I mean it has 0:12:51.960 --> 0:12:56.760 been accelerating. It can in vidio maintain this kind of acceleration. 0:12:58.000 --> 0:13:00.960 Look at one point, law of numbers in But the 0:13:01.080 --> 0:13:04.560 reason is in this quarter was so important. It shows 0:13:04.600 --> 0:13:08.000 what the enterprise demand looks like on the other side 0:13:08.000 --> 0:13:11.200 of this. And the important thing is that now this 0:13:11.440 --> 0:13:15.520 title is of spend, it's coming to the rest at tech. 0:13:16.280 --> 0:13:19.280 So we're going to continue right now to see a 0:13:19.360 --> 0:13:25.080 market that, in our opinion, that goes higher significantly because 0:13:25.320 --> 0:13:29.160 this shows the foundation of AI. This is not hype, 0:13:30.000 --> 0:13:32.240 real the AI revolutions on the doorstep. 0:13:33.040 --> 0:13:36.760 So you're saying that Nvidia is the rising tide that's 0:13:36.800 --> 0:13:40.200 going to lift all boats. Does Nvidia as an individual 0:13:40.280 --> 0:13:44.320 company have to worry about some of those boats coming 0:13:44.360 --> 0:13:44.760 after it? 0:13:45.840 --> 0:13:50.600 Look the godfather of AI, Jensen and Video and that's 0:13:51.040 --> 0:13:54.200 you know, when they talk, everyone listens because they're the 0:13:54.200 --> 0:13:56.840 only game in town for the next few years. Now, 0:13:56.840 --> 0:14:00.600 at one point they'll have competition. But right now, when 0:14:00.640 --> 0:14:04.840 it comes to GPUs fueling AI, it isn't VDA, it's Jensen. 0:14:04.880 --> 0:14:08.160 And that's why everyone, regardless where you are in the world, 0:14:08.720 --> 0:14:11.440 was listened to this call. I mean, you could say, 0:14:11.880 --> 0:14:14.960 you know, Steve the market. In my opinion, I think 0:14:14.960 --> 0:14:20.000 there's a different narrative. It puts more jet fuel in 0:14:20.080 --> 0:14:23.560 this tech bow market. In the most important earnings we've 0:14:23.600 --> 0:14:25.160 seen many many years. 0:14:25.440 --> 0:14:28.480 Now, a lot of bears are gonna fire back and 0:14:29.040 --> 0:14:33.080 talk about in Video's valuation, that it's still trading at 0:14:33.520 --> 0:14:37.680 huge multiples on forward earnings. Do you see the outlook 0:14:37.720 --> 0:14:40.800 for Nvidia justifying those kind of numbers. 0:14:41.080 --> 0:14:45.560 Look to transformational elite tech names, they grow into valuations, 0:14:45.640 --> 0:14:48.520 and I think those bears that have missed from Meta 0:14:48.600 --> 0:14:52.680 to Apple, to Tesla to Amazon to know every other 0:14:52.720 --> 0:14:56.120 transformational and tech name by sticking with the one year 0:14:56.240 --> 0:15:00.880 pe valuation, I continue think that's the role move and 0:15:00.920 --> 0:15:03.760 that's why they're deep in hibernation mode this morning. 0:15:04.720 --> 0:15:07.880 But there I've got to be some headwinds for in Vidia. 0:15:07.920 --> 0:15:12.360 I'm thinking about, you know, the restrictions from China chief 0:15:12.400 --> 0:15:16.040 among them. What could that mean for long term growth 0:15:16.320 --> 0:15:20.040 if you've got the weight of China restrictions on a 0:15:20.080 --> 0:15:20.760 company like. 0:15:20.680 --> 0:15:24.200 In Vidia, Yeah, need Like I'd say the biggest risk 0:15:24.840 --> 0:15:28.360 is China. It's not valuation, it's not demand. I think 0:15:28.680 --> 0:15:34.040 those boxes at all checked the China's story. Look, that 0:15:34.160 --> 0:15:36.520 was actually a headway in the quarter relative to even 0:15:36.560 --> 0:15:40.720 these numbers the restrictions. That's a tight group that now 0:15:40.840 --> 0:15:44.000 needs to be navigated. But I do believe there's a 0:15:44.040 --> 0:15:47.440 way that Nvidia has figured out from a chip perspective 0:15:48.240 --> 0:15:51.560 to kind of navigate this tug of war, give chips 0:15:51.600 --> 0:15:54.360 to China while continuing to stay with some of the 0:15:54.480 --> 0:15:55.479 US restrictions. 0:15:56.640 --> 0:15:59.680 This is Bloomberg Daybreak Today, your morning brief on the 0:15:59.720 --> 0:16:03.320 story making news from Wall Street to Washington and beyond. 0:16:03.360 --> 0:16:06.360 Look for us on your podcast feed by six am 0:16:06.480 --> 0:16:10.680 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:10.760 --> 0:16:11.840 get your podcasts. 0:16:12.120 --> 0:16:14.800 You can also listen live each morning starting at five 0:16:14.840 --> 0:16:17.440 am Wall Street time on Bloomberg eleven three to zero 0:16:17.480 --> 0:16:20.920 in New York, Bloomberg ninety nine one in Washington, Bloomberg 0:16:21.000 --> 0:16:23.640 one oh six to one in Boston, and Bloomberg ninety 0:16:23.680 --> 0:16:25.080 sixty in San Francisco. 0:16:25.240 --> 0:16:28.760 Our flagship New York station is also available on your 0:16:28.880 --> 0:16:34.280 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty. 0:16:34.120 --> 0:16:37.000 Bus Listen coast to coast on the Bloomberg Business app, 0:16:37.080 --> 0:16:42.320 serriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 0:16:42.160 --> 0:16:45.760 And I'm Maybe Morris. Join us again tomorrow morning. For 0:16:45.840 --> 0:16:48.560 all the news you need to start your day right 0:16:48.600 --> 0:17:03.880 here on Bloomberg Daybreak. 0:17:01.720 --> 0:17:01.760 The