Ukraine Says Russia Fires Missile; Nvidia Disappoints

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.720 --> 0:00:10.280 Good morning. 0:00:10.320 --> 0:00:13.119 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:13.160 --> 0:00:14.600 stories we're following today. 0:00:14.760 --> 0:00:17.640 Karin, we begin with new developments in the war in Ukraine. 0:00:17.800 --> 0:00:21.960 Russia reportedly fired an intercontinental ballistic missile last night as 0:00:22.040 --> 0:00:24.720 part of a barrage targeting the central Ukrainian city of 0:00:24.800 --> 0:00:28.480 de Nepro. That's according to Ukraine's Air Force. Bloomberg opinion 0:00:28.520 --> 0:00:31.600 columnist Mark Champion says, the use of ICBMs would be 0:00:31.640 --> 0:00:32.960 a significant development. 0:00:33.440 --> 0:00:36.680 They are understanding kinds of missiles that would be used 0:00:36.760 --> 0:00:41.120 in a nuclear strike. It's bat left terrifying that that 0:00:41.440 --> 0:00:44.360 sounds in terms of the nuclear issue, just because you 0:00:44.400 --> 0:00:47.080 can be certain that the Russians will have told the 0:00:47.080 --> 0:00:52.320 Americans in advance that this would carry a conventional beload. 0:00:52.600 --> 0:00:55.760 Bloomberg Opinion columnist Mark Champion says Ukraine's air force says 0:00:55.760 --> 0:00:58.600 it shot down six of seven cruise missiles fired during 0:00:58.640 --> 0:01:01.920 the attack, and Russia says it intercepted two UK made 0:01:02.000 --> 0:01:05.160 storm Shadow missiles, along with six high Mars rockets and 0:01:05.280 --> 0:01:07.720 sixty seven drones fired by Ukraine. 0:01:08.360 --> 0:01:10.880 And Nathan, President Biden is trying to lock in even 0:01:10.880 --> 0:01:13.760 more support for Ukraine before he leaves office. The White 0:01:13.800 --> 0:01:16.479 House says it plans to cancel four point sixty five 0:01:16.600 --> 0:01:20.000 billion dollars in Ukraine's debt. That's about half of a 0:01:20.160 --> 0:01:23.120 nine billion dollar loan that Congress approved as part of 0:01:23.160 --> 0:01:27.440 a sixty billion dollars supplemental package for Ukraine. Republican Senator 0:01:27.480 --> 0:01:30.240 Ran Paul posted on x that he'll force a vote 0:01:30.240 --> 0:01:32.880 on the Senate Florida stop this, but both houses of 0:01:32.959 --> 0:01:36.319 Congress would need to approve Paul's resolution, and President Biden 0:01:36.360 --> 0:01:37.480 could also veto it. 0:01:37.760 --> 0:01:40.520 Turning into markets now, Karen, we're watching shares of Nvidia 0:01:40.560 --> 0:01:43.319 this morning. They're down more than three percent. The world's 0:01:43.360 --> 0:01:46.600 most valuable company delivered a revenue forecast that failed to 0:01:46.640 --> 0:01:50.560 meet Wall Street's highest expectations. In Vidia's predicting fourth quarter 0:01:50.640 --> 0:01:53.080 sales of about thirty seven and a half billion dollars. 0:01:53.280 --> 0:01:56.200 That's slightly above the average analyst estimate, but it is 0:01:56.240 --> 0:01:59.960 below the most optimistic forecasts. In Vidia CEO Jensen Wang 0:02:00.080 --> 0:02:04.000 says demand for its newest Blackwell chips still exceeds supply. 0:02:04.440 --> 0:02:08.720 Blackwell production is in full steam. In fact, we will 0:02:08.760 --> 0:02:14.200 deliver this quarter more blackwells than we have previously estimated, 0:02:14.320 --> 0:02:17.160 and so the supply chain team is doing an incredible 0:02:17.240 --> 0:02:22.280 job working with our supply partners to increase Blackwell. 0:02:21.960 --> 0:02:25.000 And Video CEO Jensen Wang says sales are poised to 0:02:25.200 --> 0:02:27.320 double for a second year in a row. Before this 0:02:27.360 --> 0:02:30.800 morning's losses, and Video shares were up almost two hundred 0:02:30.840 --> 0:02:32.720 percent this year, and if. 0:02:32.600 --> 0:02:35.560 Then the powerful rally in bitcoin continues this morning, as 0:02:35.600 --> 0:02:38.960 the digital currency closes in on one hundred one thousand dollars, 0:02:39.000 --> 0:02:41.880 it's being fueled over optimism that president like Donald Trump 0:02:41.960 --> 0:02:46.519 support for crypto and also over potentially friendly regulations. The 0:02:46.560 --> 0:02:49.200 crypto market as a whole has gained approximately nine hundred 0:02:49.200 --> 0:02:52.560 billion dollars since Trump's election win, and checking bitcoin right now, 0:02:52.840 --> 0:02:54.800 it is up three and a quarter percent. It's at 0:02:54.919 --> 0:02:56.800 ninety seven five hundred dollars. 0:02:56.960 --> 0:02:59.760 Turning to the Trump transition now, Karen Republicans on the 0:02:59.760 --> 0:03:03.000 House US Ethics Committee have voted against releasing a report 0:03:03.160 --> 0:03:07.440 on their long running investigation into President elect Trump's nominee 0:03:07.480 --> 0:03:11.160 for Attorney General, former Congressman Matt Gates. But the tug 0:03:11.200 --> 0:03:13.600 of war over this report is not over yet, as 0:03:13.600 --> 0:03:16.000 we hear from Bloomberg Sammy Morris in Washington. 0:03:16.400 --> 0:03:20.000 Democrats Susan Wild of Pennsylvania says the ethics panel, which 0:03:20.040 --> 0:03:23.040 is evenly split between the two parties, voted at a 0:03:23.040 --> 0:03:27.000 two hour long closed door meeting and no Republicans joined 0:03:27.040 --> 0:03:30.200 Democrats who want to release the report. The panel is 0:03:30.280 --> 0:03:34.320 expected to meet and vote again in December. Meanwhile, Gates 0:03:34.360 --> 0:03:37.920 met four hours behind closed doors with Republican senators who 0:03:37.960 --> 0:03:42.200 have questions about the sexual misconduct and other allegations against him. 0:03:42.320 --> 0:03:46.160 At least one Republican Senator, Lindsey Graham, decried the quote 0:03:46.280 --> 0:03:51.320 lynch mob forming against Gates in Washington, Amy Morris, Bloomberg Radio, All. 0:03:51.320 --> 0:03:53.720 Right, Amy, thank you. While President elect Trump is filling 0:03:53.720 --> 0:03:57.200 out more of his diplomatic ranks. He's named former Congressman 0:03:57.280 --> 0:04:01.480 Pete Hoakstra US ambassador to Canada. Holkstro was Ambassador to 0:04:01.520 --> 0:04:04.440 the Netherlands in the first Trump administration and chairs the 0:04:04.480 --> 0:04:07.680 Republican Party in the swing state of Michigan. And Trump 0:04:07.680 --> 0:04:10.280 has tapped Matt Whittaker to be his ambassador to NATO. 0:04:10.520 --> 0:04:13.640 Whitaker was Trump's acting Attorney General after he forced out 0:04:13.640 --> 0:04:15.640 his first AG, Jeff Sessions. 0:04:15.800 --> 0:04:19.559 In staying with the transition, Karen Elon Musk and Vivik 0:04:19.640 --> 0:04:23.919 Ramaswami say they want to eliminate work from home policies 0:04:24.160 --> 0:04:26.480 for the federal government. We get more on that from 0:04:26.480 --> 0:04:27.680 Bloomberg's Doug Prisner. 0:04:28.200 --> 0:04:31.720 Musk and Ramaswami are leading the new Department of Government Efficiency. 0:04:32.040 --> 0:04:34.240 In a Wall Street Journal op ed, the pair wrote 0:04:34.400 --> 0:04:37.600 requiring federal employees to come to the office five days 0:04:37.600 --> 0:04:41.080 a week would result in a wave of voluntary terminations 0:04:41.120 --> 0:04:44.440 that they welcome. And they said if federal employees don't 0:04:44.440 --> 0:04:47.600 want to show up, American taxpayers shouldn't pay them for 0:04:47.640 --> 0:04:51.360 the COVID era privilege of staying home. But eliminating those 0:04:51.400 --> 0:04:55.839 policies could spark clashes between the new administration and government 0:04:55.880 --> 0:04:58.680 employee union. On the other hand, a full return to 0:04:58.720 --> 0:05:02.719 office could benefit the local Washington, DC economy In New York. 0:05:02.760 --> 0:05:04.200 I'm Doug Prisoner Bloomberg Radio. 0:05:04.560 --> 0:05:06.960 All right, dog, thank you well. In legal news this morning, 0:05:07.080 --> 0:05:10.560 US prosecutors have charged Gwantam and Donnie with helping drive 0:05:10.600 --> 0:05:13.560 a two hundred and fifty million dollar bribery scheme. It's 0:05:13.680 --> 0:05:17.200 a stunning blow to India's most powerful businessman and close 0:05:17.279 --> 0:05:21.000 ally a prime minister in Aarndramodi. Federal prosecutors say the 0:05:21.040 --> 0:05:23.920 tycoon and other defendants promised to pay more than two 0:05:23.960 --> 0:05:27.159 hundred fifty million dollars in bribes to Indian government officials 0:05:27.360 --> 0:05:30.680 to win solar energy contracts worth billions of dollars. The 0:05:30.720 --> 0:05:34.120 Adannie Group is denying the allegations. A Donni Group stocks 0:05:34.160 --> 0:05:36.760 and bonds plunged on the news while being nearly thirty 0:05:36.839 --> 0:05:40.040 billion dollars off the conglomerates market value and Karin. 0:05:40.040 --> 0:05:42.600 The founder of our Kegos Capital Management, Bill Wong, has 0:05:42.640 --> 0:05:45.720 been sentenced to eighteen years in prison. Back in July, 0:05:45.800 --> 0:05:48.839 a jury found Wang guilty of misleading banks into providing 0:05:48.920 --> 0:05:52.920 his family office with billions of dollars in trading capacity Bloomberg. 0:05:52.920 --> 0:05:56.480 Shaquille Amari says the former financier express regrets. During the 0:05:56.560 --> 0:05:59.200 proceedings in the New York courtroom, Wang. 0:05:58.960 --> 0:06:02.200 Was remorseful, telling the judge he felt deep paid for 0:06:02.320 --> 0:06:05.880 what happened to our Kagos Now prosecutors they wanted a 0:06:05.920 --> 0:06:10.040 twenty one year sentence because they said that Wang was 0:06:10.080 --> 0:06:12.599 a repeat offender in all of this because back in 0:06:12.640 --> 0:06:16.120 twenty twelve he pled guilty to inside a trading with 0:06:16.520 --> 0:06:20.799 another company, Tiger Capital Now. On the other hand, his defense, 0:06:21.080 --> 0:06:23.880 they wanted no jail time, but the judge says that 0:06:24.320 --> 0:06:25.720 was utterly ridiculous. 0:06:26.760 --> 0:06:30.080 Bloomberg Shaquille Amari there outside the courtroom. Our Kagos fell 0:06:30.160 --> 0:06:33.120 into a spiral after its March twenty twenty one selloff 0:06:33.160 --> 0:06:37.200 in ViacomCBS shares prompted billions of dollars in margin calls, 0:06:37.480 --> 0:06:39.880 and that led to the collapse of Wang's thirty six 0:06:39.960 --> 0:06:42.840 billion dollar family office and the fallout included the demise 0:06:42.880 --> 0:06:47.240 of Credit Sueese, as well as significant losses for Morgan Stanley, Ubs, 0:06:47.320 --> 0:06:49.160 Numural Holdings, and other banks. 0:06:49.600 --> 0:06:52.080 Well Nathan. The Justice Department and a group of states 0:06:52.080 --> 0:06:55.320 are proposing major changes to Alphabet's Google. They include a 0:06:55.320 --> 0:06:58.039 for sale of the company's Chrome web browser in the 0:06:58.040 --> 0:07:00.200 wake of a Landmark ruling that the tank and I 0:07:00.279 --> 0:07:03.880 legally monopolized online search and a court filing yesterday, anti 0:07:03.880 --> 0:07:07.039 trust enforcers said they would also prefer a divestiture of 0:07:07.120 --> 0:07:09.800 the Android smartphone operating system. 0:07:10.000 --> 0:07:12.120 Google opposed is the proposal. 0:07:11.800 --> 0:07:15.240 Arguing it with harm Americans privacy and security stymy its 0:07:15.240 --> 0:07:20.600 Ai investments, and hurt other companies that rely on its revenue. 0:07:22.240 --> 0:07:23.520 And it's time now for look at some of the 0:07:23.560 --> 0:07:26.000 other stories making news in New York and around the world. 0:07:26.080 --> 0:07:28.560 And for that we're joined by Bloomberg's John Tucker, John, 0:07:28.600 --> 0:07:29.920 Good Morning, Good Morning, Karen. 0:07:29.960 --> 0:07:32.600 The FBI arrested a man who's been charged with planning 0:07:32.600 --> 0:07:35.720 an attack on the New York Stock Exchange. More from 0:07:35.720 --> 0:07:37.040 Bloomberg's Jeff Bellinger. 0:07:37.440 --> 0:07:41.400 The FBI sas thirty year old Harun Abdul Malik Yanier 0:07:41.440 --> 0:07:45.240 of Coral Springs, Florida, wanted to reboot the US government 0:07:45.320 --> 0:07:47.960 by planting a bomb at the New York Stock Exchange 0:07:48.000 --> 0:07:52.000 and detonating it with the remote controlled device. Authorities found 0:07:52.000 --> 0:07:55.760 bomb making sketches, along with timers and other electronics that 0:07:55.880 --> 0:07:59.440 could be used for building explosive devices. They say in 0:07:59.520 --> 0:08:03.280 air all also searched online for things related to bomb making. 0:08:03.600 --> 0:08:07.040 The suspect allegedly told under cover FBI agents that he 0:08:07.120 --> 0:08:11.040 wanted to detonate the bomb the week before Thanksgiving. Jeff 0:08:11.080 --> 0:08:12.960 Bellinger Bloomberg Radio. 0:08:12.880 --> 0:08:15.440 A warning if you have an ipheld, iPad or Mac, 0:08:15.680 --> 0:08:18.840 there is a security flaw that may have been actively exploited. 0:08:19.160 --> 0:08:21.760 Apple's just released what it calls a zero day patch. 0:08:22.080 --> 0:08:25.600 The flaw was uncovered by Google's threat analysis group, and 0:08:25.680 --> 0:08:29.400 the top US consumer watchdog will now supervise Apple and 0:08:29.480 --> 0:08:33.400 other major technology firms that offer digital wallets and payment 0:08:33.400 --> 0:08:36.920 apps the Consumer Financial Protection Bureau when I'll treat those 0:08:36.920 --> 0:08:39.760 companies more like banks as long as they handled more 0:08:39.760 --> 0:08:44.040 than fifty million transactions a year. And Pamela Hayden, the 0:08:44.120 --> 0:08:48.680 voice of Millhouse, is retiring from the Simpsons after thirty 0:08:48.679 --> 0:08:49.400 five years. 0:08:50.280 --> 0:08:52.199 Everything's coming up Milhouse. 0:08:52.520 --> 0:08:55.640 The seventy year old actress's final episode will air this Sunday. 0:08:55.840 --> 0:08:58.480 The show's creator named the blue haired boy with Glasses 0:08:58.559 --> 0:09:02.480 Millhouse as a humor not to President Richard Milhouse Nixon. 0:09:02.840 --> 0:09:05.199 Global News twenty four hours Day and whatever you want 0:09:05.280 --> 0:09:06.040 with Bloomberg News. 0:09:06.040 --> 0:09:06.160 Now. 0:09:06.200 --> 0:09:08.480 I'm John Tucker and this is Bloomberg Karen. 0:09:08.720 --> 0:09:10.439 I don't know if you can do that voice, can you? 0:09:10.559 --> 0:09:10.760 John? 0:09:10.840 --> 0:09:12.280 Maybe I'm not even gonna try. 0:09:12.520 --> 0:09:19.560 All right, all right, well, John Tucker, thank you time 0:09:19.600 --> 0:09:21.400 now for the Bloomberg Sports up date, brought to you 0:09:21.440 --> 0:09:24.000 by Tri State Odie. Here's John stash Hour. 0:09:24.120 --> 0:09:24.320 John. 0:09:24.360 --> 0:09:25.280 Good morning, Good. 0:09:25.080 --> 0:09:25.880 Morning, Karen Nicks. 0:09:25.880 --> 0:09:28.160 After a four game homestand now have a five game 0:09:28.280 --> 0:09:30.079 road trip first stop Phoenix. 0:09:30.120 --> 0:09:31.480 The Sons without Kevin Durant. 0:09:31.520 --> 0:09:33.880 The next one easily scored forty four points in the 0:09:33.880 --> 0:09:36.920 first quarter shot fifty eight percent won one thirty eight 0:09:37.200 --> 0:09:39.520 to one twenty two. Jalen Bruns and then Karl Anthony 0:09:39.600 --> 0:09:42.559 Towns have become quite the one two combination. They teamed 0:09:42.640 --> 0:09:46.240 up for seventy points in Stores. The Yukon women won 0:09:46.240 --> 0:09:50.120 by forty four over Fairleigh Dickinson. For the Huskies, legendary 0:09:50.200 --> 0:09:53.640 coach Gino Oriama career victory number one thousand, two hundred 0:09:53.640 --> 0:09:57.400 and seventeen. Moving in past, the recently retired Stanford coach 0:09:57.480 --> 0:10:00.240 Karav van Derveer most coaching wins in college basket well 0:10:00.360 --> 0:10:03.880 history men or women, Cy Young winners the Braves, Chris Sale, 0:10:03.880 --> 0:10:07.199 the Tiger's Trek Scooball. The two South Paws had almost 0:10:07.240 --> 0:10:10.080 exactly the same season. Sale in Atlanta was eighteen and 0:10:10.120 --> 0:10:12.600 three with a two point three eight e Ra Schoobl 0:10:12.640 --> 0:10:15.199 in Detroit went eighteen and four with a two point 0:10:15.200 --> 0:10:15.880 three nine. 0:10:15.960 --> 0:10:17.439 Giants coach Brian Dable. 0:10:17.240 --> 0:10:20.440 On Monday announced he was making Tommy DeVito his starting quarterback. 0:10:20.480 --> 0:10:23.360 He talked about the second year QB giving the team 0:10:23.400 --> 0:10:24.000 a spark. 0:10:24.480 --> 0:10:26.680 Davido is confident that will happen. 0:10:27.200 --> 0:10:31.160 I think I bring a certain confidence energy, you know, sag, 0:10:31.280 --> 0:10:33.800 whatever you call it, to the team, to people around me. 0:10:34.760 --> 0:10:36.679 I think I've kind of always had that growing up, 0:10:36.720 --> 0:10:38.240 like from when I was even younger. So I kind 0:10:38.240 --> 0:10:40.520 of just bring that energy, and it's all about really 0:10:40.640 --> 0:10:42.559 enjoying it for me. I kind of said that last year. 0:10:42.600 --> 0:10:45.120 You know, it's like it is a children's game, obviously 0:10:45.160 --> 0:10:46.640 a lot more money and a lot more stakes into it. 0:10:47.120 --> 0:10:49.760 Divido and The Giant Sunday host Tampa Bay the game 0:10:49.840 --> 0:10:52.560 tonight eight and two Pittsburgh at two and eight Cleveland. 0:10:52.720 --> 0:10:58.880 John Stashewer of Bloomberg Sports characterm Coast to Coast on Bloomberg 0:10:58.960 --> 0:11:02.240 Radio nationwide on Sirius XM, and around the. 0:11:02.160 --> 0:11:05.680 World on Bloomberg dot Com and the Bloomberg Business app. 0:11:05.880 --> 0:11:09.400 This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. On 0:11:09.440 --> 0:11:13.760 a morning where Nvidia's earnings remain a major focus for investors. 0:11:13.800 --> 0:11:17.600 The AI Chip Powerhouse gave a revenue forecast that fell 0:11:17.640 --> 0:11:22.080 short of Wall Street's biggest expectations, but CEO Jensen Wong 0:11:22.160 --> 0:11:26.240 says the next generation in Vidia Blackwell chips are on 0:11:26.320 --> 0:11:28.520 track to ship with very strong demand. 0:11:28.960 --> 0:11:32.520 It is the case that demand exceeds our supply, and 0:11:33.800 --> 0:11:38.040 that's expected as we're in the beginnings of this generativity 0:11:38.080 --> 0:11:39.760 I revolution as we all know. 0:11:40.080 --> 0:11:43.080 In Nvidia's CEO Jensen Wong spoke on the company conference 0:11:43.120 --> 0:11:45.200 call last night for more on the results and the 0:11:45.240 --> 0:11:48.160 outlook for AI going forward. We are joined by Dan Ives, 0:11:48.160 --> 0:11:51.839 global head of Technology Research at web Bush Securities. Dan, 0:11:51.920 --> 0:11:54.080 great to have you back with us this morning. So 0:11:54.240 --> 0:11:58.040 in Nvidia didn't meet Wall Street's biggest expectations, did it 0:11:58.120 --> 0:11:58.640 meet yours? 0:11:58.640 --> 0:11:59.079 Good morning? 0:12:00.120 --> 0:12:02.800 Hello, Look, this is just like last quarter. I mean, 0:12:02.840 --> 0:12:06.080 the bears try to poke at it, and look what 0:12:06.160 --> 0:12:09.680 happened to the stock sentence up seventeen percent. I believe 0:12:09.880 --> 0:12:13.319 this was just ultimately a press release. They should frame 0:12:13.400 --> 0:12:16.240 it and put it in the love. It's the start 0:12:16.559 --> 0:12:18.800 of the trick. What I believe is to track the 0:12:18.880 --> 0:12:22.280 four trillion and beyond super bullish. I believe there's a 0:12:22.320 --> 0:12:24.080 stock that's probably up the end of the day. 0:12:24.880 --> 0:12:27.800 Nough, we did hear just a moment ago, Jensen Wong 0:12:27.920 --> 0:12:33.160 saying that supply is having trouble keeping up with demand. 0:12:33.480 --> 0:12:37.600 Is that going to continue to be an issue going forward. 0:12:37.640 --> 0:12:41.199 What can it do to get that back into balance. 0:12:41.800 --> 0:12:44.000 Look to put some numbers, I mean Street thought this 0:12:44.040 --> 0:12:46.400 would be two to three billion a quarter in terms 0:12:46.400 --> 0:12:48.720 of black Bell. It's probably gonna because of eight to 0:12:48.840 --> 0:12:52.760 ten billion demand the supply of fifteen to one. So 0:12:52.800 --> 0:12:55.880 it's going to take time. From a supply can train perspective, 0:12:56.000 --> 0:12:59.160 that's a high class problem and into a street continues 0:12:59.160 --> 0:13:03.240 to under the demand. And that's why Look is this 0:13:03.320 --> 0:13:04.320 all plays out? 0:13:04.880 --> 0:13:06.440 I mean you look what videos and. 0:13:06.360 --> 0:13:11.120 We're talking unprecedented in terms of AI industrial. 0:13:10.600 --> 0:13:12.800 Revolution, and they're reading they are the only. 0:13:12.679 --> 0:13:16.600 Game in town, led by godfather of AI, Jensen and Video. 0:13:17.360 --> 0:13:20.320 Now, the demand in terms of the data revenue or 0:13:20.360 --> 0:13:23.440 the data center piece still seems like it's concentrated in 0:13:23.520 --> 0:13:28.839 those big cloud providers, you know, Amazon, Apple, does in 0:13:28.920 --> 0:13:33.200 Nvidia need to do more to broaden out the demand 0:13:33.200 --> 0:13:35.359 that it's seeing for data centers particularly. 0:13:36.000 --> 0:13:38.080 Yeah, right now, at the front of the line, front 0:13:38.080 --> 0:13:40.920 of the velvet roops, it's big tech, right they have 0:13:41.000 --> 0:13:44.360 a front seat, But behind them it's sovereigns and its 0:13:44.480 --> 0:13:47.839 other called global two thousands that are now going to 0:13:47.880 --> 0:13:50.520 be waiting in line to go down the AI route. 0:13:50.520 --> 0:13:52.880 Only four percent of companies have even gone down it. 0:13:53.360 --> 0:13:56.560 You look at Big Tech, that's three hundred billion a 0:13:56.640 --> 0:14:01.000 loan of AI catbacks next year. So we're talking trillions 0:14:01.040 --> 0:14:03.280 of AI capbacks. And guess what, there's only one game 0:14:03.320 --> 0:14:05.920 in town, DYNVIDI in terms of the chips. But this 0:14:06.040 --> 0:14:09.840 also shows a broader tech second, third, fourth derivative. Get 0:14:09.880 --> 0:14:13.280 the popcorn out. It's still nine thirty ten pm in 0:14:13.320 --> 0:14:15.520 this AI party that goes to four am. 0:14:15.920 --> 0:14:19.000 Did Jensen Wong do enough to allay some of the 0:14:19.040 --> 0:14:23.040 concerns that we heard going into this report about overheating 0:14:23.240 --> 0:14:25.960 in the black Weell chips and not contributing to the 0:14:25.960 --> 0:14:27.320 production delays that we've seen. 0:14:28.040 --> 0:14:29.880 Oh yeah, I mean he called it out right away, 0:14:29.920 --> 0:14:33.520 and I just need we've talked about the four When 0:14:33.520 --> 0:14:35.760 you're at the top of the mountain, the bears are 0:14:35.760 --> 0:14:38.000 going to come out of hibernation mood, you know that 0:14:38.080 --> 0:14:41.920 have missed this historic run. They'll try to pull holes. 0:14:42.320 --> 0:14:44.920 There's no poking holes here. I mean, we're talking about 0:14:44.960 --> 0:14:48.640 production that's ramping a head of street expectations. And that's 0:14:48.680 --> 0:14:52.000 why any weakness today, it's just what I believe is 0:14:52.000 --> 0:14:56.520 an opportunity as this is a four trillion and potentially 0:14:56.560 --> 0:15:00.280 in the next few years five trillion dollar market. 0:15:00.160 --> 0:15:01.840 At the same time, up to now, I mean, we've 0:15:01.880 --> 0:15:05.880 seen such dramatic growth for Invidia. I mean it's it's 0:15:06.000 --> 0:15:09.320 really been like a rocket ship for this company. Can 0:15:09.400 --> 0:15:12.240 it continue to maintain that kind of momentum or do 0:15:12.360 --> 0:15:15.840 investors need to start preparing for a little bit more 0:15:15.840 --> 0:15:18.240 of a leveling off in terms of the growth trajectory. 0:15:19.000 --> 0:15:23.320 Look, that will be a question, But this is Mahomes 0:15:23.360 --> 0:15:25.520 in high school Moan. 0:15:25.440 --> 0:15:27.960 Soto when he's fourteen, right, I mean in terms of 0:15:28.040 --> 0:15:31.120 where in Vidio is and in terms of as is 0:15:31.280 --> 0:15:34.680 all plays out in terms of AI revolution, it's in 0:15:34.840 --> 0:15:38.680 tatiable demand and there's no other competitor out there. And 0:15:38.720 --> 0:15:41.640 that's why what you really it's not even just a 0:15:41.680 --> 0:15:45.160 mountain video what it shows about big tech. This is real. 0:15:46.000 --> 0:15:49.680 This is the most pronounced tech spending wave that we 0:15:49.880 --> 0:15:53.160 probably have ever seen, and and it just speaks to 0:15:53.160 --> 0:15:56.320 our view NASDAK twenty thousand and events in the next 0:15:56.320 --> 0:16:01.560 few year's NASDAK twenty five thousand conversations happened being led 0:16:01.640 --> 0:16:02.320 by AI. 0:16:02.640 --> 0:16:06.040 This is Bloomberg Daybreak your morning podcast on the stories 0:16:06.120 --> 0:16:09.160 making news from Wall Street to Washington and beyond. 0:16:09.440 --> 0:16:11.840 Look for us on your podcast feed by six am 0:16:11.840 --> 0:16:15.280 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:15.480 --> 0:16:18.320 You can also listen live each morning starting at five 0:16:18.360 --> 0:16:21.080 am Wall Street Time on Bloomberg eleven three to zero 0:16:21.080 --> 0:16:24.000 in New York, Bloomberg in ninety nine to one in Washington, 0:16:24.040 --> 0:16:27.360 Bloomberg ninety two to nine in Boston, and nationwide on 0:16:27.520 --> 0:16:29.880 serious XM Channel one twenty one. 0:16:30.160 --> 0:16:32.880 Plus listen coast to coast on the Bloomberg Business app 0:16:32.920 --> 0:16:35.720 now with Apple CarPlay and Android Atto interfaces. 0:16:35.960 --> 0:16:38.960 And don't forget to subscribe to Bloomberg News Now. It's 0:16:39.000 --> 0:16:41.720 the latest news whenever you want it in five minutes 0:16:41.800 --> 0:16:44.920 or less. Search Bloomberg News Now and your favorite podcast 0:16:44.960 --> 0:16:49.120 platform to stay informed all day long. I'm Karen Moscow. 0:16:48.920 --> 0:16:49.920 And I'm Nathan Hager. 0:16:50.040 --> 0:16:52.120 Join us again tomorrow morning for all the news you 0:16:52.160 --> 0:16:54.920 need to start your day right here on Bloomberg Daybreak. 0:17:00.760 --> 0:17:01.200 Hey,