Neil thank you martha for now forget the dow jones dont take youre eye off of ai. Shares soaring above 1000 today as the market value of ai chips tops to. 6 drill trillion dollars. Dreamed up and at dennys years ago, the bidding is now seen as the engine of growth for everything ai. Similar to jeff pesos with the plan to cell books online becoming what would become starting what would become amazon. So when it comes to nvidia it looks like the newest it company but for how long . This stock in 2000 if you made an investment of 1000 it would be worth more than 1 million today. It doesnt appear done yet. Not even close. Welcome everyone im neil cavuto this is 1 for the record books. When ever seen a complete Toast Company like this crime so fast and dominate so many in such a relatively short period of time. All of this juxtaposed against the Dow Jones Industrial that couldnt get out of its own way largely on concerns the economy is doing better and they dont like that. More on that later. First susan lim with the magic of nvidia and what it could. Susan. Reporter this is Wealth Creation in america. 250 billion day for the worlds biggest chipmaker extending a 100 cent rally this year. And incredible record Quarter Tripling sales. Going for an even bigger quarter this spring time. Also rally and today the longawaited stock split, more average folks can afford to buy and and higher chances for inclusion in the Dow Jones Industrials witch as you know is bullish for the stock price. Its really All Systems Go right now. Its an ai tech boom. The next Industrial Revolution has begun. Companies and countries are partnering with nvidia to shift the trillion dollar installed base and build a new type of data centre. Ai factories. To produce a new commodity Artificial Intelligence. Thats right. There are trillions, not billions, childrens being spent in this new era and a transition underway. Nvidia said their biggest customers are cloud providers accounting for almost half of their data centre revenue. The founder and even richer worth over 83 billion and will crack the 20 richest in the world. Its really a testament to the great system we live in. A busboy at dennys came up with the idea of nvidia over grand slam breakfast in the 1990s. The American Dream which is so similar to the Humble Beginnings of other trillion dollar tech giants like steve jobs pounding apple. Dreams can come true with a lot of hard work and maybe some coffee as well. Neil im thinking about a, im nagin sitting next to the guy he was designing this multi chilling Dollar Company and i was saying extra sausage, please. Reporter you are in the graduate and apple was just a thought of steve jobs. Its neither here nor there, Great Reporting susan thank you. Weve got. Is with us. I will begin with you i want to show the dow a lot of folks at home are doing thinking this ai plan is shooting for the stars and its soaring. The dows tubman. Aaron what happened . The big thing with nvidia we have to remember it as is semiconductor which we are not going to go out and buy those ourselves we will probably leave that to the google and microsofts. The problem is those people, the customers we mentioned are having a Realtime Making Profits out of ai, still figuring out the software and figuring out how to make things more profitable and make it more usable for companies and users like us. So pack while nvidia is able to make these chips and sell them like crazy, its difficult for other companies to really see profits. Thats what were seeing in the dow, almost out of their Companies Pulling back and saying we will peep profitable on ai just yet. Martha yes a lot of them i could tell there is this notion things well not be easy and an inflationary environment thats easing a little bit. So tim, let me ask you a bit about the ai phenomenon. A lot of people like to harken back to the days of the internet for him. I always like to say to people a lot of those people arent making money and certainly when it comes to nvidia and always of the players they are, this is the distinction, we are winning for another boom that turns into another bus. What do you think of that . And their there are some similarities in the Internet Revolution that started in the midnineties. We dont really know where the whole ai revolution is going. 1 of the big differences of whats going on right now is nvidia and whats going on with qualcomm and Elite Nineties a lot of customers ended up going out of business and not being able to pay for the product they had on order. Where is a lot of nvidias biggest customers like the 3 mentioned by susan are paying for this product upfront before its even produced or shipped to them because those companies are awash in cash. When they call up nvidia and say they want to buy 500 of their latest and greatest chips and they say okay send us a check for 20 million. They send the check. Martha they want to be ahead of each other. Thats a good point. Its a big difference from Cost Companies that were like buying things and not being able to pay the bill. Neil the backdrop to this, everyone pays neil to the federal reserve, some underlying strength that would normally be good news but i guess its pushed back on this notion were going to see with rates cut anytime soon. It depends on the day i know. Where are you on this and what the fed does . I think were going to have some trouble getting cuts this year. I look at some of the Commodity Prices and Energy Prices i know the fed like to say they exclude but energy affects everybodys prices. I think were seeing a big runup in natural gas that we affects youre bills. Neil the American People dont buy it. And natural gas is basically doubled in the past month. I think people will see higher Utility Bills and thats going to affect the consumer. I think expecting rate cuts from the Inflation Side i dont think we are out of the water yet. But again as you said it depends on the day. [ laughter ] neil so tim let me get youre sins sense of where we call on this. We talked about Artificial Intelligence its picked up considerably the past year, its been around a while. But it is real and not a fake phenomenon. How do you look at it . I dont think is a it is a fake phenomenon. In 1994 and 1995 when you and i first started to receive our first emails, we didnt know, known could have predicted where were going to be be in 1998. Ethically fed a similar situation right now with ai. I dont think its something thats just going to blow up and go away. But on the other hand, we are nowhere near trouble pair turned, we are in maybe the first inning. We only started talking about this stuff a year ago. Neil you are right about that. Leave at innings to go at least. 10 pack great seeing you. Aaron gibbs always a pleasure. Well see where this goes. Right now, when you look at what happened in technology, it was limited today to a lot of these m. Toshi ai plays. Some of these plays lead by this ai Powerhouse Nvidia that was okay. Isolated there for now. In the meantime, a big crowd getting ready to hear from donald trump In The South Bronx. Alexis mcadams is there. Alexis hey hell, a lot of people were not expecting to see there were these big crowds but donald trump said hes going to do everything he can to try to turn the bronx as red as he can. Im Alexis Mcadams thats coming up next you want it at the right price. 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And now In The South Bronx he hopes to do the same and send a message baccarat reagan message saying i can win thereto. Alexis is there with more. Or hi neil thats a question voters how. Can donald trump turn to deep blue bronx right we read . This is 138 acre park and the south wrong spirit will give you a look at the growing crowd. I checked in with the police and they said there are thousands of people. It something you might not have been expecting to hear. The former president coming to the bronx and he will make a hard play for new york focusing on crime, inflation and immigration. People were talking to our eager to hear what he has to say including people who grew up In The South Bronx like jaden. You got here a bit of bill, what do you want to hear from the former president on the stage . I want to hear him repeat and reiterate his promises, closing the border, cracking down on crime and bring economic success. Drove item policies have failed. Its failed in terms of the economy and his illegal immigration, the environment. The policies only hurt black people. It doesnt help them. Reporter are you surprised to see this much support . You grew up here i doubt everyone is a trump fan here. Yes a lot of anti trump people in my neighbourhood but still some of them believe and are coming to vote for donald trump because they believe in economic success and lowering crime. Reporter the crime, economy and immigration. What do you notice with the migrant crisis specifically in new york alone . How hasnt impacted year neighbourhood . Illegal immigrants are being transported to communities near me and thats upsetting. Like attlee help the Homeless Veterans but instead were helping illegals. Reporter thank you for talking to us. Neil as you said its been quite a long time since a republican president ial candidate campaigned hard here in the bronx. Take a look at the video on your screen, this is Ronald Reagan in the eighties. Its a blackandwhite video. Its when he was running against jimmy carter. Trump hoping history repeats itself because that was the year reagan unseated carter. Who believe there well be counter protests. In the social media they were saying trump is not welcome in a bronx. We expect to see hundreds of Counter Protesters according to nypd around 6 00 pm. Neil thank you alexis. We did have the colour version and thats what it was up back then. 1 thing i remember about Ronald Reagans appearance In The South Bronx in those years ago , people were ready to argue with him and demand what he would give them. Ronald reagan would have nunavut. Take a look. Im trying to tell you can you . Im trying to tell you i know now there is no program or promise a person can make that the federal government and cumin and waved the wand and do this. Yes paire there is legislation in congress. Legislation for cooperation between government. Between the private sector. Neil a bit of yelling, really speaking his mind but what was interesting about it is he did not bearing does come bearing gifts. He would later echo that in his inaugural address because he got elected president. The government said it was the solution it was the problem. Don murmurs all that academic rat and former obama fundraiser doesnt like what he is seeing right now. Donald trump, don, is trying to repeat i guess what he did. Ass at the its possible. By the way im wearing Ronald Reagan cufflinks. He was a great president he did an amazing job but what happens is new york residents lose their tolerance. After a while of failed policies and if you look at what happen a New York State recently andrew cuomo for years before 1 the general election by 10 points against the republican opponent. Kathy hogle 1 with a less than 3 margin. What that is telling you is New York State is shifting. And New York State is in play. The reason its in play is New York City people are getting tired of the direction of where thanks are going and are frustrated. I think trump is making a smart decision, its his birth state. Technically still his home state because this is what made in terms of a business person. I think he is making the right decision. Ronald reagan came and campaigned because he thought he had a better solution for American Cities and ultimately new york 10 years later elected a republican mayor. If you look at who gets credit for new york turning the city around, both republican. Neil i wanted youre thoughts on joe bidens outreach in general. He had a kind of negative address to the africanamerican crowd, what did you make of that . When he spoke at the Morehouse College address, historically black college for men in atlanta, i was shocked because it didnt have an american story. These young men had worked for years to then go out into the world and be prepared to compete. They started with a sense of optimism. I thought about it and i contrasted to obamas speech in 2013 where he encourage personal responsibility and theres no better time in america for them to go on and compete. And dont expect it to be easy because it was more difficult for the people who came before them. They figured it out and so should they. Neil but he more or less told the crowd you are kind of wasting youre time. I wouldve just said i might as well quit now. En sway his numbers are so dumb. America is an optimistic nation, is the greatest nation in the world and the land of opportunity. People from All Over The World come here for that opportunity. Those of us who are already here have a great president. Is lost any sense of vision for this country and doesnt provide any sense of opportunity or optimism. He is articulated or presented very few policies that benefit the africanamerican community. So what does he do . New reality is youre not hearing africanamericans being harassed and there are Terminus Opportunities for americans in this country. I am an example of that. I think he does our country a disservice and blacks a disservice and thats why theyre turning on him. I think his support well be 3 for black voters and some of these states. Neil Event Numbers of that in new york you have a good shot of 1 impurity think he can . I think you will be vary competitive and i think more competitive then lisle them was. It will be a really tight race. Neil and you entertained a run for mayor and then didnt. Looking at how thanks are now and you are an equal opportunity critic you want to try to fix it but does that mean you would entertain look i think furthermore he wants to do a good job. And if you look at thanks i think he is being handicapped by the migrant craziest or a part of it brought on himself but the federal government. Neil a lot of that was going on prior. That has created a significant issue for the city, financial and otherwise. Has he filled . I think hes got an incomplete grade right now. Neil dew you want to complete the grade you want to run. I would consider its 1 of the greatest jobs in the world to be mayor of New York City. The mayor decides to run for reelection thats 1 thing. Then im not sure. At this moment i wouldnt challenge and no. Id like to give them an opportunity to be successful at thank he is working really hard to try to do it. Neil you stepped aside to give him an opportunity a few years ago do you want to do that again . I did run want to run because i thought he had failed and created a defensive environment. Neil it looks like this guy has felt. He is not a divisive mayor and he is been given a very bad deck. He was left with a very trying city.