nvidia was in there. b b but, look, i tried it, it didn't work out in fact more than growth at a reasonable price, they're value stocks >> what i want to know if we extend it beyond nvidia, and we'll get to chip in a second but tech overall, fror what what was once one of the heavyweights, i mean the market cap the crept up a lot, and it was so low on so many corners of the street, right? every corner on the street loved invid you, so now what for tech what is riding on this now when tech has rallied a lot in a week but still down a lot and people are questioning the viability of that trade? >> so first i'd like to tell you that we put together a chart that is right in the speet spot. it's stocks that were down 0% or more from their 52-week high. they've had this enormous snap back, since 22% versus 9% for all stocks over $5 billion, and that's because the market has been so concerned and so risk off and so jittery that once we got a slight -- a slight piece of news that was positive, just back to the rac

meta wants to spend on ai, nvidia makes ai chips. we'll be looking for comments on that, as well. >> there's the story from christina, jeff. what's the trade >> great story i think trade is, you want to be a buyer here to her point, we've seen a lot of this priced in. if you look at where it started in 2022, this was above $200 it's come down dramatically. but what's interesting today is the microsoft announcement do you remember the movie "war games. >> i literally watched it last night. i literally watched it last night. >> that's remarkable what we're doing last night is building a super computer. nvidia's gpus, they're going to be buying tens of thousands. microsoft will be gobbling up tens of thousands of these chips, which will potentially put a bottom in the stock. but if you look at the 200-day moving average, you want to be a buyer here -- you watched -- >> i don't know how you -- to the viewer listening, we did not talk, did we >> no. >> i've come to the conclusion that your system blank i literally watched it last night. d

look, i think the problem with nvidia is one. it's inventory and you have to work off the inventory for gaming when i say it's got to be worked off, nothing's going anywhere until that inventory but i think it's going to be worked off by the end of the year, and it's a bit of a game of chicken if you get off now and the inventory is worked off for gaming i think you may wish, wow, what did -- why did i do that right now, the story is not as great as i thought absolutely i thought they would be -- look, sometimes, when you talk to them, you say, i wish you guys were further along in getting rid of the inventory or further along in making it so that we don't have to worry about china. but china is tough over and over, china's tough and i'm not talking about the prc, the military side i'm just talking about nvidia sells a lot of stuff into china, and that is a bad market that's a stop/start market, and they have industrial use, and there's a lot of industrial nvidia, and if you open the factory and close it and open and close it, we

which would you rather, nvidia or amd chris you chose nvidia, tell me why that's your choice over amd? >> yeah. as harsh was saying, we also like amd, but we give the edge to nvidia. the reason being, is we look for open-ended upside or asymmetricle upside, and we feel as though artificial intelligence is really the platform that we can kind of rely on here so cuda, which is nvidia's operating system, essentially, for for artificial intelligence, the de facto standard out there, and we think the standard that powers artificial intelligence for the remainder of the decade. >> i wanted to ask you about -- by the way it's not fun to call it a bull fight if you're not fighting. >> two bulls are fighting. >> okay. >> you go first, no, you first. >> well, i just want to ask about a couple of the other headwinds that are facing the whole group here you've got the issue with clients getting too much inventory and sitting on all this glut of chips that it seemed like last year at this time we couldn't get enough and two, reducing the capital spending we've heard it from micron, intel and taiwa

how do you value nvidia? does it deserve the massive premium still even though it's come down that the bears take aim at >> well, the pain incurred from the fundamental earnings perspective as well as it a large extent from a valuation perspective. so their end markets have taken and have corrected and they've taken huge inventory charges and if you've taken the last two quarters they've taken 8.1 of inventory charges. so from that perspective, the financials have taken a hit. the valuation has come in. it is expensive, yes, relative to under semis, but i would argue if we go to calendar 23 with nvidia incurring the correction in the end markets, it could be the first -- those markets could be the first to return to the normal cycle and you can start to rebuild next year whereas other end markets have not seen the weakness in automotive, industrial segments of iot those end markets start to see the hit later into next year >> that would be interesting sorting rolling downturns depending on the end market, raj

specifically want to look at three of them, amazon, alphabet and nvidia first, you need to understand what changed take a look at this daily chart of amazon. this is going to blow your mind up from back in 2020, the good ol' days, the house days at least for this particular breed of internet stock. obviously, not so good if you're living through it. boroden says this is the old paradigm where amazon had an incredibly bullish technical setup. the stock was in great shape making a general pattern of higher highs and higher lows at the same time the stock traded above the 200-day moving average and 50-day have to be above this and this, pretty much but look, look at this all the time plus boroden likes to look at a particular buy trigger when the five-day moving average, the blue line, okay, crosses above the 13-day and boy, have we ever seen -- look at this so clear, right? every time red line you got to pounce, got to pounce, got to pounce, always right. that's when she thinks that it's a great setup. exactly what we had in amazon two years ago. so what did we get we got one of the gre

from nvidia and the social— understanding on that? from nvidia and the social media _ understanding on that? from nvidia and the social media messages, - understanding on that? from nvidia and the social media messages, it l understanding on that? from nvidia| and the social media messages, it is because this strict measure. even some peoples houses, the buildings, are completely sealed from the entrance as well, and also the streets, because it is very narrow. 0wners cannot go out to remove their cars. that caused a lot of dockage for the firefighters who came to the area. because of these kinds of restrictions that people are locked inside, unable to escape, and that is why the casualties are so high. we have seen these protests. how unusual is it to have protests like that in the street, against the authorities? i that in the street, against the authorities?— that in the street, against the authorities? .. . ., authorities? i can guarantee i... i listened to _ authorities? i can guarantee i... i listened to all— authorities? i

we expect to have a mixed quarter with nvidia. we continue to see weakness in the gaming market. two-thirds of their gaming revenue is tied to the chinese economy and european economy that's two-thirds. that needs to be cleared out they've been doing a good job under shipping that market to try to clear it out, but we think it's got another quarter or so to go. on the data center side, we're expecting to hear mixed data points on the positive side, there's still spending from the hyper scalers on artificial intelligence and machine learning, natural language processing engines we don't see that slowing down but where we see a slow down within data center is in the small, medium sized businesses spend less on cloud and some weakness in the enterprise so we expect it to be a mixed bag, but nvidia's going to be important because it's basically the last semiconductor company typically is a good indication of overall data center demand, which has really been the bright spot for semis over the last several years. >> hasn't been great news for the semis, but tsmc, it got a double shot o

with nvidia, they beat, but it was a drop in revenue. had market analysts lowered their guidance so far they managed to overcome those low hurdles? debbie: we have mixed news today from nvidia and micron. the demand for pc's is still ongoing, but this is partly reflected in the demand for processors, somewhat weak. nvidia did say demand for data center products are propping up sales, so while it's revenue has not declined year-over-year, it does still beat analyst estimates. ed: china is a big part of this story, the hit from u.s. export curbs. there were bright spots in the earnings. what did they just say? debbie: the sales into the chinese market, the demand in the chinese market is going to offset the impact from the u.s. export control rules. caroline: overall, are we expecting cliff falling? we heard from cisco, a different part of the business, saying demand did not fall off a cliff. with nvidia, did it? did we expect the market would be slowing so vigorously in pc's? is that the read, that we are back to boom and bust when it com

we've got an earnings alert on nvidia shares are higher, profit margins well below its forecast. kristina partsinevelos has been listening into the call. she has the details. kristina >> hi, mel management seems like they see a light at the end of the tunnel we believe channel inventories are on track to approach normal levels as we approach q4 the bar was pretty low nvidia managed to beat that for revenue, and that's helping the stock a little bit the guide for q4 was flat at $6 billion. not down, flat and another positive sign, it expects the adjusted gross margins to be 66%, well above estimates and a previous quarter. which segments are going to keep growing? data center revenue was up 31% year-over-year it sounds great. but only up 1% on the quarter. some of that growth was impacted by softness in china over the new u.s. export rules for ai chips. keep in mind those chips that now nvidia is going to sell from china, they have a lower selling price. so that's going to hit margins i want to point out too, auto segment grew 14% quarter over quarter. they're on a call right i kn

. >> all right up next, we're taking your questions on nvidia, tesla and more we'll be right back. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. >>> welcome back to "options action." time to take some tweets our first fan says, i'm sure you get bombarded with all the tesla questions, but in this situation and environment, what would be the best way to trade maybe a slight drop from here around plus or minus 5% to 10% but still protecting the share's health earnings not until january, so looking into december. what do you think, carter? you were just on "fast money," and you said sell tesla again. >> that's right. what i think i'll do is address that, and mike

nvidia up 40% for the month, the best chart in the chips space is texas instruments. it's not in that overwhelmingly declining space that it's in but the chance to buy them a lot safer than where they are now. we went from a supply drought to actually a glut in the next couple of months i would stay away longer term. >>> a mega melt up one of our traders called for the stock to rally we'll tell you what it is and what he's doing. there's the clue it's a he. up more than 20% in one week you're watching "fast money" you're watching "fast money" live from times square ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. can he stand on his own... once he's all on his own? this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪ >>> welcome back to "fast money" on a friday. for the big reveal, our chart of the week meta up 24.5% for the stock's best week in almost a decade shares soaring after the company announced its biggest ever round of layoffs on wednesday and keeping up the

. >>> we are taking your questions on nvidia, tesla, and questions on nvidia, tesla, and moreize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. . and a dedicated trade level . that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. we're carvana ♪♪♪ we created a brand new way for you to sell your car go to carvana answer a few questions and our techno wizardry calculates your car's value and gives you a real offer in seconds we'll come to you pay you on the spot then pick up your car that's it at carvana good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. >>> time to take

. >> next, nvidia stockholders on how to augment their position? >> nvidia sets up for what a call a stock recovery play whenyou have stocks that declined sharply, you hold the stock, don't want to own it, the fact is returning to your prior highs is unlikely. so what you will look to do is put on a one by two call spread over your stock at something close to zero cost, and what that's going to do is essentially double your returns between the strikes without any outlay of premium, and nvidia is a good candidate, because it has ahigh implied volatility, abou 60%. you're going to want to go out 20 and 30 days when you're looking at expirations for a trade like that one. >> our next twitter user wants to know, given apple charts today, is it a good idea to buy a 125 or 130 put >> very specific you're talking about down 17% in apple in one of the largest stocks in the world. when i'm looking at cataclysmic things like that, i'm looking at, what apple a part of if i look at a 15% out of the money put on qqq, where's that trading? you're kind of -- it's

on the other cycle my you have nvidia and they beat on their forecast. the data center helped offset the sluggish demand for video games. let's take a look at another sector that is moving this morning. these are some of the names that are linked to nickel. moving as much as 12%. then liquidity there that exacerbated fears against supply conditions. >> we will be watching what the commodities space it does for the inflationary pressures we have seen because that has been top of mind at the new economy forum. on this final day, we have conversations on the end of easing money. i am curious to hear what will happen in the change of the labor market. >> so many different policy changes and challenges that we have to deal with. all of that will be looked at. >> what came through is a sobering tone from the speakers here. higher inflation. there is more pain to come. the markets have been hurt, but it will get even worse. valuations have come down a lot, but they are coming down even more. there have been structural changes and therein lies the opportunities.

>> look, nvidia is a very controversial stock. i know it's overvalued right now. sometimes you to take a more than one-week perspective. i think a year from now it could be higher in value and i'm sticking with nvidia greg in colorado >> caller: hey, jim. my stock is gopro. being from colorado -- >> why don't you go amateur with gopro? i said sell that stock when i said a goat on a surfboard wearing a gopro. i said that's it, count me out 95, never looked back. steven in california stephen. >> caller: boo-yah, jim! >> boo-yah >> caller: hey, i'm holding on to some home depot right now and the fed looks so hawkish on raising interest rates still -- >> well, yes here's the way i look at it. if there's one group that can handle it, it is ted decker and his team at home depot but that does not mean it won't go down. i think the fed is directly targeting renovation and building of homes. and that means it's home depot's wheel house. but you have to stay the course and know that it worked in 2008 and it will work again but you've got to

, reiterated outperformed, nvidia 210. so, josh, nvidia, that's yourers. >> yeah, i think beth of these stocks could be range bound because in the end you get to a certain size in the semiconductor business, and you become subject to whatever is going on cyclicly. it's very hard to escape that. the thing that's held nvidia back is that this has not been a good year for gaming and obviously all the use of gpus and crypto have fallen off a cliff, and there's concerns about enterprise spend and data center and cloud and on and on and on so i don't think those are long-term issues and just think now wall street is particularly sensitive to those headwinds and it's hard to imagine one or both of these stocks breaking off to the up side if you're a long-term investor that's okay. >> how about the chips here? >> i think semis are interesting. if you look at the perform js of today they actually beat about everything else on the board >> that make sense >> it does make sense to a degree and i think the optionality for semiconducto

more on what to expect from nvidia and cisco when they report tomorrow. nasdaq up 2.5% still we'll be back in a moment. space. the boundary of human achievement. the new frontier. ♪♪ eh. ♪♪ it's not time to escape. it's time to engage. it's time to plant more trees. hoo! ♪♪ time to build more trust. time to make more space for all of us. so while the others look to the metaverse and mars, let's stay here and restore ours. yeah, it's time to blaze our trail. 'cause the new frontier? it ain't rocket science. ♪♪ it's right here. ♪♪ hi, my name is tony cooper. and if you have both medicare and medicaid, i have some really encouraging news that you'll definitely want to hear. depending on the plan you choose, you may be eligible to get extra benefits with a humana medicare advantage dual-eligible special needs plan. all of these plans include a healthy options allowance. depending on the plans available in your area, you could get up to $1800 a year to help pay for essentials like eligible groceries, utilities, rent, pet care and over-the-c

back to our conversation where we were on nvidia. josh, finish your thought for us you said you agreed with what brin had to say. sounds like you wouldn't urge people at this moment either to put fresh money here, right? >> let me make this very clear i don't ever urge anyone to do anything >> i understand that but people who watch the show -- >> i would tell you this is -- >> -- as recommendations for certain things let's just be clear. >> yeah, so people should do their own research because everyone has a different time frame. if i were looking for a short-term trading opportunity i would not buy the stock here this is name that now has to digest a 40% plus bounce off its low. it is a higher multiple stock than most of its peer group and the overall market, and i don't think you're going to see much of a change in trend on the gaming side of this business in q4 either. so this would not be a moment where i say, all right, i want to go into nvidia for a short-term move. as a longer term investor, though, when you look at the work th

to hear you sold nvidia. you sold blackstone, you sold data dog all of these are personal sells. i think our viewers might be surprised to hear about these moves. >> okay, let's start with amd and nvidia, and we can kind of position those together, scott at a certain point you have to have a risk mitigation, a risk management strategy that takes over whatever your fundamental view might be of a stock so enough is enough with amd, down 28%, having liquidated it i bought nvidia back on july 5th at 148 the loss there a is little bit smaller. but on each one of these semistocks the beta is well above 2. my risk assumption is well beyond what i want to incur at this point, and you're also exposed to significant tax law selling, which is in the process of unfolding so overall i have a view of the semis in which i think the bad news is priced in but i wanted to pivot away from that and seek a lower beta exposure. alphabet, i am ringing the register here. a lot of the reason behind alphabet was based upon the increas

tomorrow, josh >> yeah, nvidia has had a tough year obviously it came into the year really coasting on these tail winds that seem to have just completely disappeared strong sales for gaming that went away, crypto stuff that went away, data center spend a lot of those end markets are still going to be challenged i'm long nvidia as a long-term holder i don't buy it for the earnings, but i would not go into the earnings all balled up but i bought the semiconductor etf in september and wasn't an exactbottom. i was on the show. i had weiss screeching at me he was so angry. and my point was not like the -- it's fine, we love steve my point was never like, oh, the cycle's turning. my point was at a certain point these stocks are buys just purely based on the fact there's nobody left to sell. look at the bounce off those levels now i'm out of that etf, i sold it early i'm terrible, what can i tell you? but if i were long here i think we're getting to the place where you want to take profits this group had a very similar rally in july, into the middle of august, topped outright at that falle

caroline: later this week, we have nvidia with its numbers, 25% of its revenue coming from china, deep relationship there. how much have you seen of the effects so far from the steps taken by the biden administration, and how much of corporate china is speaking out against it? debby: nvidia together with several other chip firms have said that the latest measures will cost them millions if not the lives of dollars in sales. so clearly, they would hope to see a loosening up a restrictions in the future. at the same time, in nvidia's case, they are trying to design a mixed set of products that can sort of meet u.s. export control thresholds, so that way they can continue to do business in china and demise the impact from the latest u.s. rules. caroline: we will be delving into those numbers come the 16th. debby wu, thank you. meanwhile, back here in the united states, let's talk about a virtual health platform that has raised $90 million. bringing its revenue in excess of 300 million dollars, as it expands care for women in family health. it is a series e. i was lucky enough to catch up

apple, nvidia, microsoft and alphabet are rebounding in a big way. that's it for me on "closing bell." now to "overtime" with scott wopner >>> sara, thank you very much. welcome, everybody, to "overtime. i'm scott wopner you heard the bells. just getting started from post 9 here at the stock exchange sofi's liz young will be with me and whether she reignites stocks to the end of the year the push/pull of the market and the catalyst that could cut pull the catapult your money. does a catalyst

>> nvidia said it was the sales into the chinese market. they say it will offset the 400 million impact from the u.s. export. >> overall, are we expecting cliff falling? i would just expected that the market will be slowing so much? when you look at micron, it is -- is that more of the rate that we were needing to take? >> it is a bit difficult to say because the picture is a little bit mixed. there are pockets of weakness in the markets. probably a little bit for gadgets like smartphones. they are still spending their official intelligent -- official intelligent offerings. >> they are spreading across the crypto world. how did we get here? what is happening with genesis? >> the latest is we are seeing the fallout of the ftx bankruptcy that was announced last week. we are already starting to feel the effects. blocked by is said to be headed toward bankruptcy itself. genesis has stopped withdrawals from its yield program. what we are really saying is that spread of the effects of the ftx implosion last week. >> they said the total exposure t

. >> what stacy likes, amd and nvidia and qualcomm. do you like those, guy. >> nvidia has rallied now 65% since the october low. 65%. that is not insignificant. and it is still 50% lower than where it was a year from now that is math i took that in school. i think you sell nvidia, i think it is a rally you have to fade so i love the company but i don't like the stock here. >> steve >> yeah all of the semiconductors are in declining trend line going back to the late 2021. with the exception of qualify com, that underperformed and broke out of the declining trend line but to dan's point, texas instruments looks like the best stock in the space right now currently, that is still another declining trend line this is something where stacy is right. you went from a drought of chips to a flood of chips and there was a lot of overordering and we have not got through that supply and there is going to be a recession. agree with guy i think you have to sell these -- their peaks and valleys and you have to sell the peaks in the semiconductor. >> t

in nvidia down 2% oeft perngs. tesla back 3% and the s&p 500 and the two-year note the top five we'll be right back. -benz is turning electric... completely... on its head. bringing legendary design... and state-of-the-art technology... to a fully-electric suv. the all-new, all-electric eqb from mercedes-benz. can he stand on his own... once he's all on his own? this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪ >>> down 150 on the dow. stealth mover today is bath & body works shares of the retailer which sells lotions, fragrance and candles giving off a sweet smell to inventories after a big bottom line beat it's up 24%. we should know this is a stock that is down nearly 50% over the last year. the retail analyst said when you guide conservatively enough, you are bound to beat healthily. still ahead, we will break down the other retail earnings movers with dana telsey, which names she likes heading into black friday and up next an exclusive int

semis, another risk on, nvidia down 4%. metals and mining, another one underperforming. energy, very unusual to see that down today you guys just quickly mentioned occidental the numbers were fine, it looked like, maybe 4 cents light, but remember, exxon, chevron, marathon, these have all been at new highs. the s&p energy sector was at an eight-year high yesterday so no surprise we might get a little bit of profit taking you can't think -- help but think housing is definitely slowing from the dr horton report i mean, sales orders will be down 25% to 35% year over year in the current quarter we're in. average selling prices will be down in 2023 there's no full-year 2023 guidance there, so yes, hopefully we are seeing some kind of bottom here, eventually, on mortgages, some high on mortgage rates, but still, pretty tough commentary there overall. as for the crypto debacle, all these people who kept messaging me saying, crypto has nothing to do with the stock market, i'm sorry, but take a look here. there have been a lot of people advocating that people should be getting 1

caroline: later this week, we have nvidia with its numbers, 25% of its revenue from china. i must you see steps taken so far -- how much corporate america and corporate china speaking out against it? reporter: nvidia with several -- clearly, they would hope to see more loosening restrictions in the future, but at the same time, they are trying to to design a new set of products that can meet export controls. that way they can continue to do business in china and minimize the impact from latest u.s. rules. caroline: we thank you so much. meanwhile, back here in the united states, let's talk about a virtual health platform that has raised $90 million. it expands the care for women in family health. it is a series e. i was lucky enough to catch up with the ceo exclusively about her vision for the company. >> what we represent in terms of an investment is not just reducing health care costs, fertility and maternity are some of the top costs from us is certainly we have that as part of the value proposition. it's about investing in diversity, equity and inclusion, and that is to

kathy wants to call us conspiracy theorists for statin raw faxback to nvidia nvidia with actual victims? this is why she is so out of touch at last week's debate she said she doesn't understand white walking up criminals is s important to me when she says that it's a message to new yorkers that she doesn't care o understand why this is so important to everyone. its one of the main reason she is going to lose a week from tomorrow. >> congressman, we'll be watching. let's turn to michigan where tutor dixon we were the first t bring her on fox news is tightening the gap this razor-sharp debate performance think reminded of witmer's gros and horrific performance during covid. rumor she liked the kids out of school, she ignored her own lockdown guidance in than she abuse the people of the state with her treatment during covid. instead of addressing those failures, the left is launching an 11th hour attack on dixon seizing on comments from over two years ago. >> the country today is divided and this was the plan. it's been in the works for years . the party that wanted to own people because t

semi is up nicely here nvidia news. working on the chip for china. that's helping them. materials and industrials advancing. industrials have been one of the big, big stories the last three weeks, really since the middle of earnings season energy has had a good run. but that's down a little bit today here i want to show you some of these industrial names rf up at the open. union pacific. caterpillar was up earlier on. lochhead they have all had tremendous runs big global industrials are the winners since the middle of earnings season was announced. i'm just picking a date here caterpillar up 25% boeing up 18, honeywell up 18. lochhead up 12 it is nice to see this because this is a period where we have had tech fluttering around a little bit it's nice to see new leadership come into the field. this is one of the reasons we had that horrendous down run yet the s&p wasn't down nearly as much because we had other sectors, lug industrials and a little bit of health care, picking up the slack that is tremendous to see. they are getting overbought. nonetheless, nice to see that

chip company to create an advance process to bypass the regulations nvidia declined comment on whether it con p sultedconsulte commerce department. >>> and the bid for a new trial has been denied forl elizabeth holmes a new trial was unlikely to result in acquittal. she is sentcheduled to be sented next friday. her partner was granted a three-week delay in his sentencing. >>> and last night's drawing for the record $1.9 billion powerball jackpot delayed. officials say the move was made because one state had issues processing sales the lottery association declined to say which state was impacted. the winning numbers and recorded video of the drawing are expected to be posted to the powerball web site and youtube channel later today. you know it will come out. won't you hate to be that state? it shows the numbers this big and it is hard to keep track. >> i didn't believe. it seems silly the odds are against you i had to buy a ticket. $1.9 billion i don't think you would quit what would you do? >> i would talk to jim cramer about setting up a charitable trust. how fantastic would that be

nvidia shares up 2% in pre-market. >>> and sonos is posting a fourth quarter loss, but revenues beat forecast trends in the business have recently stabilized and it is encouraging heading into the quarter and holiday shopping period shares up 2.5% pre-market. "worlddexcng ibaafwi ehae"s ck ter this ot this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪ what if we wanted to electrify all of this... 100% carbon free... is it possible? ♪♪ aes has been leading energy transitions for decades... and is partnering with the worlds leading companies to decarbonize industries... cities, and nations. even the internet. is it possible? can we reliably power the things we love and green the planet at the same time? yes... aes. you'll always remember buying your first car. and buying your starter home. or whatever

why wouldn't nvidia give better prices or better supply to other competitors, to google, to microsoft, when you've got your own silicone in the making? adam: we have great relationships with all of those chip manufacturers, including the ones you mentioned at in till, nvidia, etc., and we will continue to have those great relationships and sign long-term deals with many of those suppliers. aws is large now. last quarter we were in $82 billion a year run rate and we have tremendous capacity needs around the world. our customers have a vast heterogeneity of different means. there are lots of different use cases for those chip vendors to be working with us to service our customers. and there will be increasing use cases and big-time utility for our own custom-designed chips as well. emily: ceo of a of u.s. joining us from reinvent in las vegas, good luck with the rest of the conference. back to you. ed: coming up, the plot thickens as we learn about more entanglements within the ftx empire. this is bloomberg. ♪ caroline: block fine is going through its own bankruptcy put proceedings is

if you have a longer term time line, get into amd, nvidia and marvell. you can read more about it this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> we're at session lows for the major averages right now you can see the s&p is down .8 of 1%. the nasdaq is down 1.6%. the dow is down fractionally retail earnings, a big piece of the puzzle with advance auto parts leading the declines for the s&p. we're going to be speaking to advance auto parts on "power lunch. that's going to do it for "squawk on the street. tech check starts now. >> good wednesday morning, welcome to tech check. we're live from rbc's global technology conference. nasdaq erasing the gains as they continue to grow into make or break holiday season more

chips if you want to play this, people can very easily say, it's nvidia, because the platform is nvidia, to write things. the problem with nvidia, obviously, is it's had a big run, and it did not have a good quarter. >> and are you confident that the channel clears in the coming 12 months? >> i think the channel does not clear until literally the beginning of january nobody's really optimistic out there that i speak to. i'm not going to be more optimistic than the people who make this stuff up the guys who create it see the channel. lisa su sees the channel jensen huang sees the channel. it's thick with product. if you want to see weakness, that's your list i mean, again, hewlett packard, hp, they were the ones -- well, qualcomm is inexpensive but you can't be in semiconductors yet it's too early >> the best you can say is that hp and amd had similar views on the recovery of pcs. >> when you're down 18%, 19%, that means there is a lot of inventory stock. and it's hard to get through, because there's no natural buyer. here's what i think they got wrong. i think a lot of people felt that

nvidia says it has a new chip it can sell the chinese. it's not as fast, it's not as good, which nvidia says it's not restricted for export by the u.s. government. the big story is tesla. under $200 a share hitting a 52-week low monday. investors worry elon musk will have to sell more shares of tesla to pay for losses at twitter. twitter is a black hole of money. musk overpaid for a company that loses money. his money. tech commentator in an essay posted said of musk, quote, he has made himself king of a site that decides who is popular and become its single most unpopular user. he has spent an ungodly amount of money to make a company more profitable, making it significantly less so without really doing much. musk tweeted criticism yesterday at a new social app called mastodon and made a number of sexually themed jokes on that name. he later deleted the tweet. and the european financial services company allianz became the latest to suspend advertising on twitter. tesla says it will fix about 40,000 cars that may lose steering after a par

look at the chip suppliers amd, intel and nvidia down 50% for the year staggering. netflix had been the envy of the entertainment industry but now it's the envy of nobody. the stock down from 659 to 286 is better than it's been the envying included disney, a similar plunge after hitching its start to streaming at least netflix is headed in the right direction for the last few months and all these stocks i prefer it. tesla's nosedive from 385 to 169 seems to be on going now that ceo elon musk is in self-administered twitter purge tory he needs to use tesla shares as a piggy bank when the company is being raided by softer chinese sales. alphabet is going from 196 to 197 and never particularly expensive to begin with. i don't even know what to say about metaverse which has gone from 345 to 111. advertising declines, crazy spending, bet the farm on something new and different only one person can explain it. only apple has hung in there from 161 down to 150 big deal it doesn't have too much exposure to the advertising or enterprise businesses. that's what you want yet, a

in tesla, nvidia, amazon, think about alphabet, tesla, nvidia, apple are most impacted in terms of the big cap tech stocks especially coming to inventory, right? lockdowns do hurt and especially it is hurting china's economy. these lockdowns have been going quite too long. the protesters do we get fully reopen in china or don't we? the problem is number one, china has not been able to get mrna vaccines out there or copy them. health care is lacking in hospitals, health care facilities that is holding them back. until they address those, it is difficult to figure out do we open up, take the protests or take it head on and just deal with it? cheryl: jonathan, this put as wrinkle in xi xinping's plans to be the global economic number one superpower. hiss goal all along in the china first goal is to be number one in the world but their economy, jonathan, is suffering from things we know very well. growth is slowing down, unemployment is going higher. they have got these protests. i don't think so much about the protests if you're xi xinping. i don't think he cares bah what it does to the b

before i let you go i want to ask you about this, nvidia, micron, they both missing expectations. the outlook is really weak for the entire chip sector. are you forecasting more problems for the chip sector going forward? >> yes. and i think it is expected. so we have been expecting for a long time now to see a drop in semiconductor sales. to me it is bullish news for the markets the fact nvidia went up 43% in the last month but still after a weak report yesterday they're not crashing today. that is bullish news for tech. that is bullish news for entrepreneurial tech and semiconductor stocks. they have cornedder the data center market that will help them continue being a leader in the space regardless of the macroeconomic conditions. cheryl: ava, thank you for being here. appreciate it. a lot covered. appreciate it. all right. we have a lot more coming up. a major shakeup for house democrats as nancy pelosi says she is stepping down from her leadership role. plus which stocks are going to get a boost from a divided government? and elon musk issuing an ultimatum to twitter staffers

nvidia remains in a position for my travel trust. i do believe that this is a quarter that they can say, we have gotten the inventory behind us that was -- unfortunately, a lot of other companies like intel are not going to be able to say that, because they make chip for pcs, and they have not been able to get the inventory behind it >> that's the reasoning behind the double downgrade today of intel over at jpmorgan they say, look, it took several years of server cpu loss to amd to happen and an amazing chart of that process over the past years, and then in order to get it back, it will take years, and as they say, flawless execution. so, they go to underweight 32 target >> look, genoa, lisa su, the ceo of amd, likes to name her iterations after italian cities, and genoa came out this week and it's faster than anything intel has, and more importantly, it burns less she has been uniquely focused on how hot a chip is in order to be able to go to all the companies that are -- david, all the companies that do cloud are just gripped by ho

. >> caller: then you can shout out to antonio when we're done six or aircraeight weeks ago i t nvidia. >> okay. >> caller: in the past, i let it ride when i got to this point. sometimes you get a spike in the stock and then it goes -- >> right right. >> caller: -- down again should i take my 32 points out of the stock >> great question. first, antonio, congratulations on your coming graduation. i'd say, phil, i actually would -- we own it for the charitable trust, we would sell half the reason because the semi conductors are a nightmare and i don't want you to get caught up in the nightmare that is even the best of the best, which happens to be nvidia >>> okay that's a very nice call and i love those calls, repeat callers are great. tonight's chart suggests that the santa claus rally is indeed coming to town next month. get ready for it or you'll be like fine and there is good results in november. don't forget about that. much more "mad money" ahead including my exclusive with the ceo with comedominos. i'm getting the latest from the man himself and seems like hardly a day goes by the

nasdaq 100 down 1.4%, apple, microsoft, nvidia, alphabet. you have some winners. amazon remains higher at the close and so do the chinese stocks jd.com and baidu despite the protests we saw over the weekend. s&p 500 down 1.5% at the close that's going do it for me on "closing bell. see you tomorrow, everyone now i'll send it into "overtime" with scott wapner. ♪ >> a at post nine at the new york stock exchange coming up in a little bit, elon versus ale the latest on musk's mid-afternoon tweet storm and what the twitter boss is accusing the company and its ceo of doing case and alex, you know who they are, back with us as the social soap opera takes another turn. we begin with the talk of the tape the big slide in stocks, protests in china over covid lockdowns bring those risks back

apple, amazon, nvidia, weighing on the nasdaq. that's it for me on "closing bell." see you tomorrow into overtime with scott wapner. >> thank you very much welcome, everybody, to a busy overtime you heard the bells. we are just getting started from post nine here at the new york stock exchange we have earnings about to drop as wynn and rivian set to report everything you need to know, we begin with our talk of the tape, that news, breaking in the last 15 minutes, binance walking away from its deal to buy ftx, stocks unsettled over the fallout of that developing story. josh brown is here from rit holt, the

grip so exposed companies like nvidia, micro strategies, facing a tough time too. you want to look at vc players who funded ftx. for the crypto space, we are starting to hear something from regulators. this is an area that has been ignored too long. andrew: where were the regulators? you had ftx lending from trading operations and if you have an account at merrill lynch or morgan stanley they can't do this, don't know where the regulators were? we are getting investigators down before this happened? jack: carleton: we don't know how to regulate it but seems they were behind the ball and need to catch up fast. jack: we will see if it moves anywhere in the next congress. this was no surprise to anybody who follows naming rights of stadiums. explained that. andrew: if you see a comedy by naming rights, sell the stock. ftx did that with the miami arena. it is basically a sign companies are riding high, have money to burn, dubious imaging, enhancing activities so ftx did it when they were triple the current price. there's great history of disasters involving this. and r

i showed a partial in nvidia, i'm up 27 the % in that name in just a few days, a partial of, the j max, earnings tomorrow. -- tj maxx. i complete i ily -- i completely exited disney. i took a short -- up here thinking that if nvidia gets beat up tomorrow, this stock will sell off with it. liz: and, by the way, warren buffett's beck scherr healthawan new position in taiwan semi is a cane that has absolutely been hammered. he also bought into paramount -- he and his traders at berkshire. and most of hem, at least earlier, were moving higher. as we continue to watch owl -- all of this and more, uni's president zelenskyy says russian missiles have, indeed, struck poland. i'm going to work through it with all of our viewers here. we will continue to watch the markets carefully. stay tuned. nobody should move. sarge and scott, great to have you both. thank you so much. >>> we also have this, mt. last couple of minutes sam bankman-fried has emerged and is tweeting his aa parent plan to lessen the pain from the collapse of his ftx empire which at this hour is on the verge of possibly taking do

nvidia is after the close. they coughed up a couple months back. i'm not so sure it is one-off. i certainly hope it is. follow price first, better action in the semis recently off of last thursday. we hope it continues but this is a big sticking point. i know some people saying target is one-off. i'm not so sure of that either. retail numbers came out pretty decent i think across the board i call it okay or letters than okay. i just think we have to be careful. savings rates are plunging and credit card usage continue to skyrocketing. that is a one two punch i don't think can continue. charles: phil, on that note though, this earnings period was supposed to be a disaster, right? every show this summer they said wait until third quarter earnings come out. wait until the fourth quarter earnings come out. i've been pretty optimistic. fear index is solidly in the green part. many on wall street think that is negative. third best reaction to earnings isn't it sometimes this notion that it will be a disaster? can it sometimes play in our favor as investors? >> of course, especially th

stuart: what about nvidia? i'm not sure but i think they report this week am i right, do they report this week or have they already reported? >> they are coming up. they are coming up and here is the thing about nvidia. the analysts poo-hoo the caming and look for reasons to take it down. i'll put a couple hooks in the water, low ball orders if i can get it in the mid to low 150 s i'll be very happy because autonomous driving, data center all those continue to increase. stuart: can we conclude with gridlock is good? >> oh, yeah. gridlock is not only good but probably great if you got the right stocks. stuart: wouldn't you have rather had a red tsunami? >> personally, yeah, i probably would have just for my own personal political beliefs, but you know what? i'm not going to, i don't have the luxury as an investment strategist to pick that. i have to look for the opportunity. stuart: very true. keith thanks for joining us always a pleasure we'll see you again real soon. what we got now about 20 seconds to go befo