see poor relative strength going into earnings suggest for earnings that's what i saw at netflix and intel over the past couple weeks. if you look at the business itself it's fairly interesting business but one thing i can't get my head around is the fact quarter over quarter revenue growth has slowed to single digits and losses continue to widen in a stock that's trading in these type of rich valuations that's not something that's going to work well going into earnings next week so if we look at earnings itself it's implying now 13.4% move versus the average over the last seven quarters was actually a fairly sizable 15.7% but the implied volatility here is extremely elevated going into the event so the trade structure i'm using as i'm going out to may the 28th, weekly options, i'm selling the 65 by 70 call vertical here about $2.10 that's going to collect more than 40% of the whip that means i'm redeucing my risk on this call spread down to 59% of the width that is the type of risk reward i like to see selling a call spread going into aerngs. >> mike, what do you think of fastly >> yeah,

remember when intel had earnings? they saw their shares fall. the concern was that amd was stealing market share from intel. you have amd here saying, our data center business is pretty strong. the ceo of amd has transformed the company's offering in recent years. they do some business with taiwan semiconductors. there reliant on some of the third-party manufacturing. there is no explicit commentary at from executives. it seems that amd is doing well because of broad-based demand and because they may be stealing market share from intel. emily: amd is reliant on tsmc to manufacture chips. the ceo there making big moves. ed ludlow, thank you for that update. we will be following those results. coming, ev battery maker quantum skate recently called a scam. the quantum scape ceo heading back at critics. we will interview the ceo next. tesla shares down a day after the company recorded record profits. investors are shrugging. a sign perhaps -- among the critique from analysts, tesla did not offer specific estimates for vehicle deliveries in 2021. thi

this is an arms race, can intel compete? >> i think they can. i absolutely think they can. we heard his vision a month or so ago three or four weeks or so ago. if they just reported the quarter and said nothing about full year guidance, people saying why are they not guiding withstanding, the stock based off the quarter. the reason why the stock is lower is because the full year guide doesn't match up with how much they beat in the first quarter. with that said, i do think you can make that bet and oh, by the way, they probably have the heft of the u.s. government behind them in some way as well so at 13.5 times earnings, i don't think you're taking that much risk to make the bet that you just outlined. >> that would be a big plus for the stock if on the conference call, gelsinger talked about taking government money potentially to help fund these plants in arizona. which they didn't mention when they first announce these plans. what do you want to hear on the conference call? >> i guess i want to hear, that would be one thing that would be of interest, of course, but you j

we will bring our advanced r&d into intel who will use the fabrication plant that can produce at scale. we believe that is a great way to work together. we also believe that that will allow us together to be much better positioned to compete for the money that are in the chip stocks, endless frontiers, as well as the national semiconductor technology center, so those are all of those opportunities in front of us that can result from the work we do together for competitiveness within the nation. emily: ibm ceo arvind krishna there, you can catch the full interview at bloomberg.com. coming up, anti-vaccine groups on social media avenue targets. women, and they have been quite effective. as we had to break it, let's take a look at the original faang stocks all in the green. tech shares leading those gains. this is bloomberg. ♪ ♪ >> 12 accounts on facebook, twitter, and instagram account for 60% of this information on vaccines on your platforms. why in the midst of a global pandemic that has killed over a half a million americans that you have not taken these accounts down? emily: cong

are plaguing intel. i think revenue's going to be down, but it's not because of the demand. they just can't get these chips done and manufactured quick enough. i didn't like with apple bringing some of that chip manufacturing in house, something that's going to hurt intel. but the options market is pricing out for intel for a pretty big hit for earning. i think if you wanter to play a stock going into earning, i think intel might be the name to play. charles: all right. and your thoughts on higher taxes, david? you're young, you can handle it. >> let me tell you -- charles: higher capital gains tax. >> the administration believes that it's their money and they can decide how much of our money that we want to take. we need to remind them it's our money, we decide and tell government how much of our they can take. it's ours, let's decide how much we want to give, and that's way too much. charles: yeah. we'll see. all right, david, always appreciate it. fantastic conversation. liz claman, we're slighting of

intel is in talks with companies that design chips for car makers to make those chips in intel's factories. the intel ceo said it could be producing chips within six to nine months. it would be critical to alleviate auto industry production delays, limited inventory and factory shutdowns. right now a majority of chip manufacturing happens overseas, mainly in taiwan. right? where there's always the threat of chinese intervention. intel has been working with u.s. officials to boost american chip making since last spring. last month intel said it will invest $20 billion in two new chip making facilities, also plans to launch this new business unit to make chips designed by other companies and that could draw some business away from asian chip manufacturers, laura. >>> policing in america on trial yet again as recent shootings spark pain and protests. that means... best burger ever. intuit quickbooks helps small businesses be more successful with payments, payroll, and banking. ok everyone, our mission is to provide complete, balanced nutrition for strength and energy. whoo-hoo! great tasting

. >> i want to show you a couple stocksthe declines in intel wa about 3% the last i checked. there it is about 3.25 period of time pat getsinger's being a disruptor in this industry, and we really like it. >> so, pete najarian is with us on the phone, right? >>> what does it do now? >> it makes sense they would get more competitive they're a disruptor. just in the last even year to d date, it's had a great run, but i think they are up for the challenge and will be very, very competitive. obviously with nvidia coming after them. >> it just underscores how much pressure intel and getsener are under to turn around the business and become, quote/unquote relevant again, that it's not going to be the easiest task out there, right? i think the pressure is on i think gelsinger will immediate the competitive side of things, but that's what ceos are paid to do he's the guy who sits and if you are going to battle -- whether it's the or obviously nvidia and others, i think he's the right guide for the challenge. as a company itself to grow much master, and by somebody who is going to be

what they plan to spend has dwarfed intel. the question is what influence does the biden influence -- the biden administration have to direct that spending? will they be able to get the non-us companies to invest in u.s. capacity. the acceptance across the board, this is not an overnight thing. takes billions of dollars to make new capacity and takes time to install it because the intricacies of manufacturing chips. alix: thank you very much. ed ludlow joining us there. matt bryson, wedbush securities svp for research joins us. no expectations for the summit. the rudimentary question, who wins, who loses if we see a reassuring? matt: i do not know that there is much of a loser. right now we are in a situation where there is not enough semiconductor production. i think if you are in hell or global foundry, it is -- if your intel or global foundry, it is great to be a supplier where you are offered incentives to manufacture domestically. i would also expect samsung and gsm benefit, assuming they're willing to relocate production

our first will be george davis executive vice president and chief financial officer at intel. next is jonathan jennings vice president of global commodity purchasing and supplier of technical assistance at the ford motor company. third witness is jay timmens. our fourth witness will be dr. michelle hamelin, professor at the sloan school of management at mit. and our final witness has been introduced by senator brown, donny black. so let's begin with you, mr. davis. you're on mute. >> how about now? >> perfect. >> too many mute buttons, apparently. chairman wu den and ranking member crapo, thank you for the opportunity to address the committee today. semiconductor technology and r&d and manufacturing operations provide a critical foundation for u.s. economic and national security. more than 50 years ago, intel invented the world's first commercial micro process er, this fuelled job growth and development of new technologies with major economic benefits. today intel remains the only american semiconductor company that still designs and manufactures the most advanced logic chips

manufacturers like intel compete with that? also i wonder another theme sort of that's come up among the chip shortage, if we get all the investment now does it eventually lead it a supply glut down the road? you said a decade in a year of demand some double booking. right? >> i think there's a little bit of that. mostly a structural shift in demand and more pervasive deployment of semiconductors this is an industry growing 5% heading into covid a good 9% of the next five years going out. $50 billion isn't to carry all the investment, to be a partnership investment 30% of the total need? not just the government that needs to put the money forward businesses like gf have to invest their part and other doss their part it's not one dimensional $50 billion in u.s. investment to start this journey is better than they were were a year ago when it was, u.s. companies that wanted to manufacture in the u.s. didn't have any partnership investment opportunity. >> remarkable how quickly, tom, we've gotten used to scarcity. really teaching

ib intel staying from the driver's seat with mobile eye thank you. pat gelsinger. >> great guest, jon. >>> by the way, launching a new show, we want you to know we want to hear from you. soliciting views from viewers. write in and participate it brings us to this morning's crowd source in your opinion, what story in tech does not get covered enough you can tweet us @cnbc p nbc techcheck. >> we are just getting started here on "techcheck." this is wealth. ♪ ♪ this is worth. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we can help you build it. but it's what you do with it, that makes life worth living. principal. for all it's worth. >>> a gut check on tesla this morning. cannaccord takes it to a buy 1071 talking about what they call a several-year lead in evs and aggressive expansion into energy storage as the catalyst talk to the analyst in the last hour he said the street might make a mistake thinking it's all about cars. >> a lot more to that story. meanwhi

intel was one of the 19 u.s. companies participating in a white house virtual ceo summit today to discuss the issue. leaders of the companies debating potential solutions to the problem affecting the production of cars, cell phones,tops, you know -- laptops, snap-on wristwatches, who knows? all products that are electronic. it's a national security issue, the president says, that the brightest minds in the business world help to solve as china spends heavily on semiconductor sector. let us go live to the white house, blake burman has the latest. you've got this news about intel saying it's going to work with the auto industry, it's almost like it's going to be the mask making where they transferred over some of their assembly line. i've got to hear about this one. >> reporter: it was interesting too, liz, jen psaki was asked what exactly the white house could do at this moment to address the chip shortage. there really wasn't a specific answer other than to say at least in the short term the president is doing wh

or high ranking members of the intel community. and that they knew that it was a little likelihood if at all true, but yet, they pushed it also. so there is some culpability with them as well, isn't there? >> look, i don't know exactly who was pushing this, but i can tell you it was an anonymous sources because on the record, there were multiplesh people lie the nse at the white house and dni, cia, that were saying that this hype from "the new york times" is not accurate. now, i want to point something out about what adam schiff did there in the clip you showed. he talked instead of talking about intelligence, remember he's the intelligence of chair committee, instead of talking about intelligence he was briefed on and he knows the story is hyped, he then switched and talked about the public reporting of the hype. instead of giving us caution, he went with the hype. this is how you manipulate intelligence, and yet, he is the head of the intelligence committee. this is like the ninth timeig tt we have now seen him lie. he should be

he's saying look out intel intel owns 90% of the cpu market and i think he's coming in with a chip that could be ten times what anybody has in terms of power. and they have a deal with amazon web services i think this is a remarkable performance. i want everyone to kind of -- you can go over. it is not a long analyst day but the numbers that they are talking about, 436 million people gaming? the fact they have much less, their lowest latency sounds like if you game you must use nvidia and they have an ethereum chip they have something for everybody. i think nvidia goes up higher today. it is not up enough even though it was up strongly yesterday i don't think people have spent enough time going through what jensen had to say. buy the stock and pay even more given the fact huge upside surprise even though the numbers were extraordinarily strong. the estimates were high. it is not cone. >> at the same time you continue to have a cautious view towards intel tempering expectations about a big comeback any time soon >> well been adamant that intel is doing much better than people think. that

our intel agencies have low to moderate confidence in the reports meeting the story is at best unproven and possibly untrue. but last year president biden, democrats and the media often cited the reports to attack former president trump with some even crying treason. this is "outnumbered," i'm emily compagno. here today, my cohosts harris faulkner and kayleigh mcenany, morgan ortagus and joining us today in the center seat, jason chaffetz, former utah congressman and a fox news contributor. when this story first made headlines last year it prompted a wave of criticism against nonpresident trump and even though the reports were unproven, the white house press corps did not hold back on our own kayleigh mcenany at the lectern. she told "the new york times" that their story was wrong and that she was hammered for it. watching and kayleigh, we will get your perspective on the other side. you go out of the loop by the intelligence community? >> as i noted there was not a consensus among the intelligence community. >> what is the president have to say to service members that are afraid that t

announced it would enter the cpu market, market dominated by intel for a long time. that caused a sharp drop in intel's shares and again in nvidia shares, and was a talking point in the industry monday. haslinda: one of the hottest vehicles on wall street, blank tech companies or spacs may have had a speedbump. bloomberg news learned the sec is raising red flags the market. su joins us for more. regulators are signaling rule changes may apply? su: we know for months the regular has been raising red flags for investors not being fully informing of -- not be fully informed of potential risks associated with spacs. it is cracking down on how accounting roles apply to a key element of these blank tech companies, warrants. warrants issue too early investors as a deal sweetener, might not be considered equity instruments. instead, they might be liabilities, measured at fair value, for accounting purposes. that is a big difference. again, these warrants are key part of the spacs. bloomberg news learned as ecb on reaching out to a lot of accountants last week. when one asked

nvidia saying it is the first processes that will extend the push into intel's market. treasury auctions. the 10 year yields were up to 167. we have another 30 year bond a sale tomorrow. oil finished higher. right now under pressure. paring gains in the regular session. prices struggling to break out of the recent trading range. berg has learned the sec -- bloomberg has learned the sec is telling accountants -- coming from the special purpose acquisition company's and reporting considerations. this was a record-breaking 2020 and the spac market has been booming in 2021. 300 spac's raising $90 billion in cash. the sec stepping in and trying to tamp down that fervor according to sports -- to sources speaking to bloomberg. sophie: watching for see if those lines on specs have any effect in asia. we are setting up our start for the region. this after stocks cap to a two day drop. aussie futures have set up higher. the aussie dollar trading sideways ahead of a weekly wages and jobs report. seeing a brightening picture ahead for jobs. the year end forecast to 5.5%. the rba is

look intel is a great company but as you probably know, ashley , its fallen behind badly in the last couple of years. it's just falling behind and i will say something else that you may not link it but look, if this country is going to keep assaulting investment and capital formation, by raising corporate taxes and capital gains taxes, and cutting back on expensing, then they're not going to build the plants and we're not going to get an an added supply and not help the semiconductor industry and by the way just government giving money of $500 billion subsidy or whatever they think they're going to give, that's not the way to do it. that's a one-time thing. we should create incentives for private investment which could pour trillions back into the semiconductor industry. you know, these advanced design chips are precious. it's the heart of our economy. what makes america great is our technological advances. that's what drives us, but if we're going to tax and penalize our companies, whose going to build anything for heaven sakes so that's my concern; however if we just stay on the st

and another company have both pledged $100 billion, five times what intel plans to spend. that is what we are looking for signs of on monday. how do you get more supply quickly? how long is it going to take? hopefully we will get some inside scoops on what is happening. emily: we know some of the executives attending include executives from intel and some car companies. thank you for that update. we will be all over that next week. coming up, the wework debacle capture the attention of the world in 2019. now the company's bison fall is featured in a new hulu documentary -- rise and fall is featured in a new hulu documentary. jed rothsteinjed rothstein more from -- more from jed rothstein next. this is bloomberg. ♪ emily: the company we work founded by adam neumann and backed by softbank was valued at $47 billion two years ago, but plans for an ipo imploded after investors raised concerns about its business model and adam neumann's management style. the pandemic has driven we work to close many locations, cut thousands of jobs, and renegotiate leases. now wework is in the

. >>> intel under pressure the company sales stagnant despite the sky rocket market for chips. comments from the ceo pat gelsinger. it is friday, april 23rd, 2021 "squawk box" begins right now. ♪ >>> good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. it is friday the markets this morning a day after the tax hike rumor caught markets by surprise. dow and s&p and nasdaq fell by 1% after the media reports that president biden is seeking to fund education and other spending priorities with a tax hike that includes an increase on capital gains. from 20%, by the way, this is long-term, from 20% to nearly 40% for those earning more than $1 million we go to washington for the latest on the plan in a moment let's look at the selloff yesterday. markets digested the news and pushed ahead dow up 59 points s&p is up 10 and nasdaq up 22. the dow yesterday suffered the worst day we have seen since march 4th. it wasn't all bad news dow transports were weaker they set an intraday new high. the longest winning streak for the dow tran

nvidia shares continue to rally will intel -- while until -- intel's slumped. that was not the only thing revealed. the company showed that the framework aims to help developers improve ai solutions. cloudflare ceo death he would joins us now. he said in the press release that you are working with nvidia and will bring powerful ai tools to bring applications to power future. tell us about the applications. matthew: four years ago, we launch our platform called workers. that allows any developer anywhere in the world to write code and deployed it across the cloudflare network. what we announced with nvidia today is we will be adding their gpu processors, which is a special kind of trip -- chip which makes artificial intelligence tasks more powerful. whether you are building smart doorbells or any type of device which today may not have the power to run advanced artificial intelligence on it, now that can be on the network itself powered by cloudflare and nvidia. caroline: how does this help you from a sales perspective, and cloudflare continue to protect cyberse

. >>> intel may get into cars. the company ceo said that they are in talks with car makers to produce semi conductor chips. they are have faced a shortage of chips because of the coronavirus pandemic. intel makes chips for smart phones and computers. >>> a driverless delivery service. customer itself one neighborhood who place an order at the right time will have their pizza described by a new self driving vehicle. customers enter their pin on the box touch screen to get their pizza. that's your cbs money watch report. for more head to cbs money watch.com. at the cbs broadcast center i'm diane king hall. >>> today is the start of ramadan. muslims are getting ready to mark another holiday during the pandemic. the month is a time for prayers and reflection. those who observe the holiday fast from sunrise to sunset. we spoke to some who said this year feels brighter than last year. >> the feeling they are happy because they can get together with their relatives. you know, in the month, [inaudible] gather a lot to spen

and unnamed senior biden administration official is telling fox us intel agencies have low to moderate confidence in its judgment because it relies on detainee reporting, code for totally unproven and probably untrue which means democrats and the media spent months spreading unverified deep state disinformation in order to hurt trump, the same playbook as the russia collusion hoax. let's remember all the media goblins who spread the lie. >> not only the president know that russia was paying for american soldiers deaths, paying awards for americans dead, the president knows it. >> trump dismissing the intelligence story is a hoax to damage him and republicans. >> a hostile foreign power is paying the taliban to kill american soldiers and you are not outraged by it, your first reaction is to accuse other people of foisting a lie on you, this is extraordinary, treasonous behavior. >> this is a scandal. they wanted to make a big deal about benghazi. this makes when does he look like playing with toys. laura: rick single before used to head time magazine. even more despicable, the washingto

the times wrote a story sayingea the intel community had s "concluded that the russian military intelligence unit secretly offered bounties to taliban linked militants for killing coalition forces in afghanistan." vladimir putin was murdering american soldiers. obviously, there was no leaving afghanistan now. and anyone suggesting leaving afghanistan would bow to vladimir putin. as a matter of principle, american troops had to stay in afghanistan. and they did stay. they are still there today. official washington went berserk over "the new york times" story. though the piece contains no enactual facts, cnn senior intelligence correspondent declared it richly reported. a rich tapestry of reporting. and the rest are there agreed with this. "the times" story was independently confirmed by many other outlets no one explain how independently confirmed. but they didn't need to because it was definitely true. we knew that. the story was real. the only question was, why hadn't donald trump attackedea russia in retaliation for the killing of u.s. soldiers? the white house yet to authorize any steps i

guy: in terms of how this fits into the narrative around chips as well, intel making a big investment into the united states, looking for more in terms of government assistance, what is apple doing? how much of this is software? how much of this is hardware? how much fits into the idea that the u.s. needs to produce chips at home, and apple is starting to do that for itself? maybe it wants to do that to mr. k as well -- maybe it wants to do that domestically as well. ed: we are not able to quantify that, but what has happened in the last 12 months or so is that apple has, like other big tech companies including google and amazon, moved towards designing its own chips, using its own in house processors where historically, they have used intel. that is largely how the chip industry has worked in the past. we refer to chipmakers what qualcomm, but really, those guys just design and licensed chips. what apple is moving to is to design its own and then look to third-party manufacturers to fabricate them. that is really part of what is shaking up the chip supply chain. it is one reason why

amd's got better innovation, better performance and price point and competitive lead on intel. the most important is data center but add in the acquisition and diversified the portfolio so that's my play here. >> ari, navidia is diversifying. >> it has. and really i think what stands out about this industry is how broadly strong it is i could rattle off ten to 15 semiconductor names that look great in the charts and a great choice for cyclicality you want to own stocks, typically outperform in a rising market and a biggest u.s. chip player nvidia testing that breakout level at $600 this is a stock that with a $700 print over 6 months. >> got it. thank you. follow us on twitter tyler? >> thank you very much. >>> up next, the decentralized banks. how companies compete to bring credit cards to the crypto economy. and why it has made wyoming, yes, wyoming the hot spot for crypto currencies. >> and now the latest from trading nation.cnbc.com and a word from our sponsor. flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening

intel still hot. 31%. western digital up about 30% as well amd,bringing down the averages it's down 12%. the i.t.i. has six members at white house summit joinin joining us now is jason oxman. ceo of i.t.i what do you and your constituents want from the president and american taxpayer? >> as you just heard this meeting is important to address. the long term solutions to a short term problem the short term problem created by the pandemic is unprecedented demand for semiconductors. we need to address that with long term solutions. the short answer is we're asking the president and congress to fund manufacturing capabilities for semiconductors in the u.s. it's a great start it's the kind of investment we need to make >> we need to have it. we have some here and we could always use more. explain why it's so important they have to pay for it an not the companies. >> the companies are willing to make the investments what we're looking to have the united states do is invest in the kind of manufacturing capability

and intel and intelligence community because they fear their warrior like moving out also alters moving out of nato troops could lead to another power vacuum in the region and another outstanding move he made in my opinion is the way he treats russia the way he called protein a killer something president trump would have never done it it's very it's very important point a big difference there let's focus now on domestic policy and the role of vice president come over here as every time we see president biden be it at a press conference or when the president's holding a speech the vice president is always there with the president how do you read this . that's true she's very often on this side actually very often with her husband some of her biggest fans here criticize though that she didn't get more air time that she's not allowed to speak more often but that's pretty common the 1st 100 days really belong to the president specially when you have a wife president with so many 1st i mean she's the 1st woman she's the 1st vice president who is not a wide but i'm sure that this will change

one point hitting its lowest level in more than a month and the dow is underperforming as components intel, honeywell and american express fall on the back of earnings and this week's action is just a warm-up. big names like tesla, apple, facebook and alphabet set to report over the next seven days. 59 minutes left to go in the trading week will fred. >> coming up on today's show a truly good quarter boston beer reporting strong earnings helped by surging sales for its truly hard seltzer brand. we'll speak with the company's chairman that just a bit plus david giroux from t. rowe price is looking for pockets of value but having a hard time finding them he'll join us with his outlook for the broader market and where those few pockets of value are hiding let's get straight to the big story of the day and it's president biden's capital gains tax hike proposal. ylan mui has the latest on what we know so far terry haines from pan gae joins us to discuss whether a tax hike will come to fruition. and robert frank is covering the impact on the crypto market for us but ylan, let's start with you an

probably in that order intel has had plenty of problems but it's dirt cheap on a npb basis. even a company that's had problems is going to make a lot of money as long as they can crank out computer chips >> scott nations, nation shares, microchip, maybe a little intel, semiconductor shortage, when it hits trucks, scott, you know it's real. >> that's right. >> scott, we appreciate you coming on, thank you very much take care. >>> still ahead on "worldwide exchange," why this crypto coin is hitting all-time highs as bitcoin continues to bounce along recent lows. who is it? we'll llte you and show it to you, coming up ♪ ♪ i had the nightmare again maxine. the world was out of wonka bars... relax. you just need digital workflows. they help keep everyone supplied and happy, proactively. let's workflow it. then you can stop having those nightmares. no, i would miss them too much. whatever you business is facing... let's workflow it. servicenow. make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sug

processcessors named grace a grace was a pioneer in program they are directly challenging not just intel that was too negative because there is much more to it they are challenging all hardware and software alike. you know what? i didn't think it was possible but ceo jenson has out done himself and i say that as someone who regular recalls him the divinci of our time. quote, nvidia is a computer platform company helping to advance the work for the di divincis of our time and saying nvidia is the instrument for our life's work. your life's work i know kind of sounds crazy nvidia is old business i say that because the company used today to preannounce sharply better than expected numbers as products came out, the stock was creeping higher but nvidia raised numbers beyond the loftiest projections it took offgaining 5% on the day why is this so important to me why did i rename my dog everest of this living, breathing organization that is nvidia, it is simple because this company reinvents itself every single year not every six years or ten years. every year which is how it become something t

back when phil schiller and steve jobs would get on stage and talk about the power mac chip versus intel. and, you know, joanna was with us and talking about this yesterday. the idea that it's unclear, carl, where the ipad pro fits versus the mac it got even muddier for me yesterday. they're rolling out these ipad pros with the m-1 chips in them, and the imack has the m-1 chip and so does the macbook air. it's like how is the ipad pro more than a mac book air without a keyboard which one should i buy takes me back to when tim cook was saying a touch screen computer is like a refrigerator toaster. it seems to a degree like apple's making refrigerator toasters and one is more like a toaster and the other like a refrigerator maybe it's what people are demanding and -- >> one is cheaper. >> yes yes. one is cheaper, that is for sure i guess it's a first-class, first-world problem if you're apple to have that layering within the product stack we'll talk more about it after a break and thanks to joanna stern of the "wall street journal. this $29 billion robotics idea, not these robots, it's sof

one of the things that i saw, we had pat gelsinger on, who was vm ware and now intel, ceo of intel and he talked about a digestion period and he said it is a glut, that there's a glut of chips in the "d the data center and to me, there's no glut, and to me, there's tremendous demand. how do we explain the disparity? >> i really do think that this is about plans we've laid out over a number of quarters, so we've actually seen in the four, that there was significant demand for our data center product, and guiding into the first quarter, and as we went through the quarter, we saw people needed more products for their data center systems and if you think about it, it is all of the things we're using, right? the fact is we're all using many, many more digital services and they require lots of cloud capability so what we saw was strength in our cloud business and i think it really depends on where our partners are in their launch cycle, so we're very excited about the momentum that we see >> one of the things that i think is kind of curious is that when you go back to gelsinger's comments, a

government contract is working with the united states intel protests and come back in top this deserve to immigrate to the u.s. . another one here oh goodness. living a survival life here in afghanistan after working with the united states for 3 yes this is a bass so i want to share that with your audience and also came a mat and a bass is now living in the united states but he's concerned about intel protests who are not in the u.s. right now still hoping to get a visa have a look after this i'm currently in contact with a dozen iraqi translators who have faced a series of threats that cause them to move constantly from one place to another to stay alive for most of them their lives has been an escape and run from place to another says the u.s. pulled out the troops from iraq and those who can't afford it they go into another country rushes through the e.u. and wait for refugee status and those who cannot afford it they may move to another city province or another part of town so basically there are living in fear. for the rest of their lives if they don't get a visa to come here. wha

you've got to understand that the ceo of intel, rest in peace, he ran intel, he was educated at berkeley. come on, now, mr. thing. larry: there are a couple. liz: you know, these are companies that started during down turns and recessions. larry: yeah. liz: ge, fedex, procter & gamble, ibm, all started during recessions or depressions. larry: i think that's a great point, and if you have a free enterprise-driven economy and you leave it alone, then you get these great people, these geniuses who are not swayed by adversity or a downturn, they see things that others don't see, and they generate these fabulous companies which help consumers and hire millions and millions of people. i mean, that's just the wonder of america. it's why we are the greatest free market democracy in the history of history. it's a fabulous story even if some of them went to u-cal berkeley. i'm good with it. liz: you know, that's the thing larry and i have together -- [laughter] it's great to see you, larry. we'll see you at the top of the hour. we are coming right back, dow is up 313 points. stay tuned. . . use a

. >> it is interesting you didn't ask me this but if you does a would you rather on ceo's and intel and amd, you have a dynamic here where i think you get lisa sue versus pat gellinger and this place in the cycle for the companies, i choose intel so maybe that is me answering your question. i like this turn around story and it is not reflective in the next probably six quarters but this is the investment we wanted to see out of intel. this is a stock underperformed massively, given a lot of market share and i think there is a lot after head of them. >> and they just unveiled a new data chip today. you sort of answers that mike, thank you for that tune into the full show of option action at 5:30. the latest company to get in on the spak and es tfare involved in this one as well. details next ♪♪ ♪♪ ♪♪ the world of investment will never be the same. the old guard swept aside by tech innovators who can't stop asking “why not?" why not direct indexing? or crypto? fractional shares? or digital clearing? there's a place where all these things come to life. a platform where the bi

welcome. >> congratulations on the new show. >> intel ceo. >> great to be in on the inauguration of tech check. >> thank you for being here. >> thank you for having me. >> ron conway, thank you. >> thank you. >> congrats on the new show. >> thank you for having me. >> it is a pleasure to see you all. >> the very first coinbase investor. >> here is what the ceo told me. >> that was rapid fire. >> back in the field. >> you, jason, always keep it 100. >> now, deidre, it technically wasn't live in the show but it was nice of satya nadella of micr microsoft. i was wondering, he is focused on foundry and building up chip and we were told first here, yes, absolutely we are staying in the driver's seat with mobileye. >> yeah, you know, i loved that video montage. a little bit of a humble brag for us because this week really went off without much of a hitch at all we had some really, really great voices we have to give a lot of credit to the people behind the scenes who made the show happen, for lining this all up, the graphics team to make a splash with something new here on cnbc, julia. we have

went to underperform on intel. i talked about that earlier this week but first is anyone buying coinbase? delano, are you buying coinbase? >> yeah, charles. my personal account i did buy coinbase. that actually goes against for the real crypto enthusiasts that against against the ethos. that is whole decentralized model with the cryptocurrency. they have so much tailwind because that opening the door for many novice investors for the crypto currencies to go through the exchange which is coinbase. they have large fees. margins are incredible. i got into coinbase that will benefit from the tailwinds of the whole crip corevolution. charles: i'm stickler for buying the best name in the sector. david, this move this morning, strong buy on nvidia. underperform on intel. a lot of folks are holding intel because it has been around for a long time. i want to ask you, whatever sector you want, the best names in the certain sector that you think will keep working out well? >> so the one i want to highlight here is lockheed ma

a lot of the other chip stocks are following intel down. now, from ipads to i macs to a rainbow of accessories, which unveils did we see this afternoon will be the ones that drive both sales and the stock? joining us now is benchmark investments managing partner kevin kelly and starship managing partner john meyer. he developed the flashlight app for the apple's way back in the day. apples way back in the day. most impact you saw in that event. >> well, first off, i can't believe it's been ten years since that flashlight app, and we talked about it on your showment of. [laughter] -- your show. but the reaction i have from today is really a two-pronged answer a i can give you that i think will be simple and clear and just, and just make sense. [laughter] today was about new products, which is great, but with apple you always have something going on in the background. and what was so significant about today was not the introduction of any if product, but a new category of products, and that is the air tags that we talked about. and the reason

they've been moving away from amd and intel and producing their own. we have talked about that ad nauseam. the new chip, the m2 if you want to call it that, we're not sure what apple will end up calling it, but that is going to be a game changer yet again because it is a combination with these chips of getting things to run fast and not draw too much power. >> okay. >> right now everybody has chips that will run fast, but then they draw a lot of power is this new chip going to be some sort of game changer in that regard, scott and now you have got a lot of these crypto exchanges like binance is listing tokenized apple, tokenized, they already had coinbase as token. like an etf you are creating more demand for the stocks through these sorts of applications apple has nothing to do with that, and the secreturities and exchange commission is probably not happy about it but binance is offshore, it is not something they can directly impact, and yet demand for .01th of a share of apple which they can offer is something that democratizes trading. >> i bet the

techs are doing well, but the s&p -- weakness remains the intel. it has been a very artistry story, or stories. there is news, we are seeing it shaaban pricing action invest stock their church in your today -- is one of the shots that has been the two concerns of these rare cases of blood clots. as many as 15 rare cases made to that shot. nothing -- johnson & johnson was moderately higher here julian assange johnson & johnson. wish use on this a militantly schumer. truancy and drugs going at it is not -- not jewish and of the student during. >> it's never good news and there are serious side effects link to medicine. right now you're looking at 15 cases out of eight billion shot u.s.. we are getting some more gdl about these individual 500 and -- later today we will action mary facts consider letters news j&j shot u.s.. >> what kind of ruled you think they will put in place, or warning rules to be put on the product? well they restricted jewish 35, will men you to terms change? 15 cases is still a pretty small number of cases. his main wall -- it i

intel is back and we are going to be very competitive going forward. emily: you mentioned winning back market share. you heard tim cook tapping their new tips. i just spoke with amazon executive who wants to see their new chips in not just servers, but in kindle, alexa. since you unveiled your foundry ambitious, what indication do you have for customers like that will come back, when to be fair, they are also competing with your design? >> overall, what we have described with our integrated design and manufacturing strategy, we are going to be both producing our chips, but also being a foundry for other people's chips and the response has been tremendous. i point to the fact that today there is so much concentration and very few suppliers, mostly in asia. the world needs a more balanced supply chain, both europe and particularly the u.s.. we need manufacturing here done by u.s. companies, we are stepping into that in a big way. we announced two new plants in arizona, a $20 billion investment. we already have 50 customers our pipeline who are working on

was some intel a few weeks ago the situation was under control. but then you.

i hope our intel communities can say that definitively. being a net exporter of energy, all of the above energy, enhances our national security and foreign policy. director you told me that during our confirmation process. i'd like you to definitively state it. we are undertaking policies right now, the biden administration, to restrict the production of american energy, unilaterally. we are importing more russian oil right now than we have ever before. is that good or bad for our national security, from your perspective relative to our relationship with russia? >> with respect, senator, i'm not trying to be obtuse, it's just honestly i think it depends on the particular circumstances as a representative of the intelligence community what i try very hard to do is provide you with what analysts assess with respect to particular situations and give you that assessment so that it can help your decision making. if you wish to provide us a question for the record about some aspect of our energy piece and how that affects, you know, foreign acto