Neil thanks for propelling the nasdaq in and out of record territory. All over the map today. Started higher, dropped about 10 points, about 15 but we should also point out with todays 2 run on top of the 50 run yesterday in and out of 800, the nasdaq, we are still on the same ride with a i writing the markets and any beneficiaries, the latest from kelly ogrady following this and the markets themselves. Reporter the markets looking to end the week on a high note. Investors hoping for records from all three major indices and i want to start with the nasdaq looking for an alltime high the we havent hit since november of 20 one, 60,202. We are above 16,000, we need fifteen. 80 gain, to break that, we are down a little bit but certainly a few hours things could swing. I want to look at the dow, if we could bring up the dow, is roughly, let me see it on the screen, it is up one hundred 38 points, s p 500 also up, 9 points, any gain on either of those indices will see record closes. We also want to take a look across the week, all three are up, the nasdaq is up, the nasdaq up 1 , s p up 1. 3 , dow jones 1. 1 and we cant talk about whats going on in the nasdaq without talking about nvidia. Thats define the outcome of the stock, 60. 4 , added 277 billion market cap in one day, thats a record and you are mentioning at the top, we are seeing this ai revolution, nvidia is at the heart of it, powering generative ai. 80 of the chip market, the intel. What that did for the internet. They were all over the place that you see volatility. We see some profittaking but we hit 823 at the high, past 2 trillion in market cap, lagging, microsoft and apple and of course speaking of nvidia and ai fueled rally you have to talk big tech as a whole. You are going to see across industries ai rally but look at these numbers because big tech is a key one. Microsoft is down but you see meta, alphabet up basically flat right now but thats a key sector to look at. I want to touch on a couple ai chip stocks, amd is a key competitor, the only ones that can dethrone nvidia and it is down 3 but if you look at on the year its up more than major indices. Its a great week. We keep an eye on whether the nasdaq its the record close but we have nvidia fueled rally, takes bad Economic Data to erase these gains. Neil one uptick in Interest Rates and there it goes. I want to point out a lot of people still think with the runup nvidia has gotten too rich for its own good, that depends how you define rich, the difficult way we do it is take the price of the stock, then and the earnings, the multiple was over one hundred before we got the companys earnings apps a couple days ago. Because earnings were so strong, it is only now trading at 65 to 68 times earnings and future earnings where it goes down further, the market expects those earnings to improve. Its whether you look at that as something constructive or not. Gary, is this a rich stock to you. There are a lot of variables, future revenues, go back to jeff bezos at amazon, he was building up this infrastructure so you would likely say this is ridiculous. This is a company with earnings, with a proven track record going back to 1993, different story i grant you but how do the recent ipo raised their numbers. Theres a reason for all this. And it is logical as far as i am concerned. Whether its too far too fast i dont know. Hopefully we will ride it out as far as it can go. Julie mentioned other players of the chip market and when it comes to specialized chips for which nvidia is most noted, they had an 80 share of the market, thats tough to control 80 of anything for very long, maybe with the exception of Search Engines but your thoughts on more entrants in this business if it is a bigger pie. They might end up getting a smaller portion of that pie but it is a rapidly expanding pie. If numbers come through from 80 to 50, its going to be gargantuan. They are talking in the trillions and maybe they are right, maybe wrong, all i can tell you is the market believe is it, the market is believing it on a daily basis and you just run with it and i have been asked to hundred times recently about do you feel like its 99 again, back in 99 you had companies with no sales just adding dot. Com to their name and opening a website and saying look at us and stocks went crazy to the upside. You are not seeing that now. Maybe we will get that Going Forward because you always see froth and jumping on the pile but it isnt there just yet. This stuff is in good shape and i think the word momentum in the market is speaking volumes, lets hope it continues. We love making a lot of money. Julie glad you pointed out the distinction between companies that were popular during the internet boom they didnt have much to show for it or much history. The case of nvidia has been around for 30 plus years. Lets get the read on this from tim armstrong, you might know him as former aol ceo, great to have you. A question asked of you, the same they are asking now with nvidia. A lot of differences i grant you but do you think nvidia is the real deal, that its success in ai or chips behind ai is the real deal . Nvidia is a great example of preparation, meeting opportunity and nvidia is one of the most unique companies and that they were in the videogame business which required them to essentially use ai to render video games to the toughest which are gamers and now it is migrated to everyones business. Nvidia is in best position to be the switzerland, to other platforms and you are seeing that in the stock and some of your prior guests made the point, you go back to global costs, cisco or some things that happened in the dot. Com bubble, they didnt have the Business Models at scale supporting the level of growth but if you look at chat gpt and nvidia and other businesses, they have Business Models that are solid models underneath this growth and they will capture it so i am bullish on nvidia. I think they have 20 years of getting ready to send capitalizing on it. Stuart glad you mentioned the companys past in gaming. Full disclosure, im in nvidia shareholder, did so many years ago, gaming at the behest of my son who was a big gamer. Afraid to say still is but thats another story. I want your take on the environment here for anything related to artificial intelligence. I mentioned on the show yesterday that this nvidia report gave streak read to artificial intelligence. People looked at it as pieinthesky, we dont know where the chips will fall but this is one of the premier players and artificial intelligence, given the fact that microsoft, amazon, apple, meta, they are putting a lot into this including chips to fuel this so that seems real, but what do you think . I will give you some stats that will put it in context. A lot of research out right now saying 70 of ceos believe ai will dramatically change their business in the next 3 to 10 years, 15 of those ceos are educated on a ive so the interest over education gap means theres going to be a lot of Companies Investing in this space. I was on yesterday with a wellknown ceo from london and another ceo in our front office yesterday. Both of them said ai is number one, 2, and 3 on their list stand at my company, we do offline to online connectivity which has been growing quickly but in my business weve gone over 10 of our business driven by ai. Its growing every single week. The untold story and ari right now is its getting cheaper, if you can our investment in ai and the functions in our company. Its down 60 in the last 6 months. So you have unbelievable wave of interest, technology growing quickly but the cost of running it is getting cheaper, i dont think thats getting covered as much and thats a powerful elixir for future growth. I would say 70 on the ceo front is probably going to go to 99 in the next three months and nvidia will help people focus in on that. Neil a lot of people say beware quick rises and those who dominate an industry. When it came to Search Engines it wasnt your fault the technology and approach changed, not saying that to dismiss you but a reminder that those who working of the hill for a while risk only being there for a while. In the context of nvidia and other magnificent seven performers whether they are getting out of their stocks. During the dot. Com bubble i was a couple startups that were successful and went to google for 10 years and i watched aol get toppled from my seat at google and ended up taking over aol. I would say this which is really important, theres a platform shift even if you look at google and im a big google fan and we are google customers but google is a questions engine, Something Like chat gpt is an answers engine and the difference between that may sound small but its really big. The larger Platform Companies even though they are investing in ai, theres going to be a lot of innovation coming good from the new companies and weve seen valuation of nvidia, that valuation is not just driven with the fact theres a hype cycle going on now. Nvidia app deals, they are being very smart about their business model, starting to do individual deals with individual companies or individual pricings so they have 20 years of experience and i dont think this is a hype cycle valuation and nvidia is being very tactical and the smart about their business model. Amazon and google and other platforms have to continue to innovate around ai. I think the hype is real but the private market, that will go over skis pretty quickly but in the Public Market they are not highly valued compared to where they were in the internet bubble so there will be more investment. Stuart it is all in what they make, the interest they generate, thank you for joining us. Thanks for having me on. Neil in south carolina, not the end law or be offered nikki haley no matter what happens. She is still in this race and her donors are happy to make sure she is. They will support her no matter what happens. 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The Haley Campaign has been going to Great Lengths to insist they are looking past south carolina, they know the odds are against them in tomorrows contest. Polls show donald trump leading, haley says the sub it is important to let voters have their say. I will promise you this. Just like i did when you elected me governor twice, if you will join with me in this movement, join with me in this fight, i will spend every single day proving to you that you made a good decision. Reporter later this afternoon donald trump will hold the get out the vote rally in rock hill and deliver remarks in colombia donate. He locked up much support from the big names in the Republican Party including senator tim scott. Want low unemployment, low inflation, low crime, its time to recognize we were better off under trump. The good news tomorrow republican primary voters will decide by a margin of over 20 points. Senator scott sounding fairly confident, there are 50 delegates up for grabs, winner take all state, trump, 63 delegates, haley 17. In New Hampshire nobody close to 1200 gets needed to get out the vote. Trump has a bunch of the big name surrogates in town. His son is in south carolina. The governor of the stage Henry Mcmaster coming out in support of trump. The Haley Campaign realize this is going to be a tough one. They tried to lower them all we can Haley Campaign said today they are focusing on michigan. Its not warm weather for very long. Lauren 1 forward to tomorrows special coverage so keep the hard work going in charleston, south carolina. Is an open primary, democrats allowed to vote in this one. Not many states allow that. My next guest isnt keen on that on how this could skew the vote. The gop chair, a lot of people are looking at him for something even bigger down the road but good to have you. This rule on the books is that democrats can vote. Explain it to me . Its not quite that blackandwhite. South carolina is we call we grew up under election laws that were written when democrats were the vast majority, everybody was in the same party, why register by party. Weve grown up under those rules and for a number of years, weve called for voter registration. We passed a resolution in our most recent Committee Meeting two weeks ago and we have that question on our ballot, do you believe south carolinians art to pick a Political Party when they register to vote . Legislature is still in session. They will send a message, would like to be able to register by party in south carolina. Neil in the meantime the polls are what the polls are, you dont have final vote until you have a final vote but even with this allowance for democrats to vote in an open primary nikki haley still trails by 30 points. Im wondering if any of this makes a difference. I will go out on a limited make a prediction. I think tomorrow night when you see the networks do exit polls and they ask people self identification questions and stratify who they voted for i will go out on a limb and say you might see majority of self identified democrats do vote in this primary probably supporting donald trump. I say that looking at where the vote has been for the Republican Party in south carolina, rural areas with conservative democrats, conservative independents to have overtime begun to support our candidates and our party. I think you will see more of that. That began to pick up steam when donald trump first ran. I think we will see more of that tomorrow, democrats who voted two weeks ago cannot vote in this primary bylaw so those are off the table. We early vote. More people by this past tuesday than democrats had vote in their entire president will primary. They had 132,000 people turn out, versus 540,000 four years ago. We had 139,000 people early vote this past tuesday night. Im looking for record turnout. Edward neil the whole shebang, the whole country, not just whats going on in your state. I support the party and our partys nominee. When it comes to putting campaigns together confusing the rnc with a nominee or whatever makes sense for our party. Neil figures donald trump larra trump, some people think thats too close to the family. How do you feel about that . The end of the day, whats good for the party. Weve put together a team to make sure we can win. Thats what this is about. Whether its the political departure how we get our message out or our fund raising or finance efforts putting everybody in the best place they can be to bring their talents to make sure we win. I am all out. Neil what is to stop people from thinking she would do her father in laws bidding . Might not be true but would that concern you . Everybody in the best position they can serve but the nominee has opinions about that. It happens in every cycle, when we have a presumptive nominee, campaigns emerge. We have different strengths and weaknesses in terms of how to raise money and spend the money and where we spend money and where we put our resources. Neil it doesnt seem like the party, seems like donald trump calling the shots. Thats always in the mix. Rarely this early. People saying whatever donald trump wants, hes going to get. At the end of the day you have a nominee and the job is to go win. We bring different opinions to the table, arrived at how we can best do that and win. Neil well said. Good seeing you. It is going to be a busy day. I promised we would have