uh five. It's a nice round number. Is there significance for Nvidia crossing this milestone beyond it.Just sounds really good. >> Well, it is just a number, but it is a stunning number. If you think about the growth that Nvidia has seen this year, close to 50% growth uh on the back of this continuing exploding AI infrastructure buildout.Now, the thing is the bigger the number gets, the higher your revenue and profit has to be over time to justify it. I think there are still a lot of ifs in this AI buildout ...

Let's bring in Sarra Seth, managing partner and portfolio manager at Douglas C. Lane and Associates. He's also a CNBC contributor.Satra, good morning. Good to see you. >> Good morning, Frank.>> All right, we got to start with Nvidia. Uh, looking like it could open above $5 trillion for a market cap when at the opening bell. What does that say to you about the AI trade in this stock in particular.>> Look, I think the AI trade is going very strong. Nvidia's announced quite a few agreements. You you've seen it ...

Let's get a check on a few stories that we're following this morning. A federal judge extending a temporary order blocking the Trump administration from firing thousands of federal employees during the government shutdown. This injunction prohibits any new layoff notices for federal workers and will pause any existing ones.Visa shares looking at some modest gains after initially jumping on the back of fourth quarter results that beat on both the top and the bottom line. The company saying that consumer spen ...

Should we start to get concerned that we're seeing really big layoffs, especially when it comes to white collar jobs, and I'm talking about UPS and Amazon here, both 14,000 layoffs and white collar workers. >> So, we have been in a job market that economists have called low, higher, low fire for a year or two now. And I think we're starting to move into an environment that's more low, higher, some fire.So, we're starting to see layoffs tick up to where they were uh compared to prepandemic levels. And the fa ...

AI & Market Performance - AI is a significant tailwind powering the market, with Nvidia at the center, driving transformational changes [2] - Nvidia's market cap potentially hitting $5 trillion is a key indicator of the AI trade's strength [1][4] - The market's all-time highs are partly attributed to Nvidia's performance and the broader AI trend [2] Market Concentration & Risks - Market breadth is narrow, with few stocks driving indices higher, raising concerns about concentration [3] - Concentration is in companies with strong balance sheets, cash flows, and capital expenditures, differentiating it from the dot-com bubble [4] - Earnings from the "Magnificent Seven" (Mag 7) are crucial, as they constitute a quarter of the S&P 500's market cap [6] - High earnings expectations for the Mag 7 (around 14%) could lead to market volatility if not met [6] Investment Strategy & Economic Outlook - Maintaining portfolio diversification is crucial due to potential market volatility [10] - Taking profits in stocks up 50-100% in the last 6 months is advisable for diversification [11] - The labor market appears stable based on ADP payrolls, but widespread layoffs would be a concern [12][13]

Amazon’s largest AI data center is now operational in New Carlisle, Indiana, with half a million AWS Trainium 2 chips entirely devoted to powering OpenAI rival Anthropic. Just over a year ago, the site was nothing but cornfields. Once complete, 30 buildings will consume 2.2 gigawatts of power there. CNBC's MacKenzie Sigalos spoke with AWS CEO Matt Garman about the project, the partnership with Anthropic and AWS's Trainium chips. ...

Welcome back to Squawkbox. Early voting underway right here in New York City for the mayor and some billionaires and companies are spending millions of dollars right now to try to defeat Zoram Mandami. Robert Frank at the table this morning to talk more about that and where we really are in this race.>> Yeah, it's really interesting and certainly a lot of money pouring into this race because you've got Pro Cuomo and Anti-Mani Paxs raising over $40 million so far. Several billionaires and prominent New York ...

and China actually confirming that meeting tomorrow between President Trump and President Xi. President Trump saying he expects to lower tariffs that are linked to fentanyl as we were just talking about this, but there's a lot more involved and Aean Jabvers has been covering it all. He joins us right now with the latest.Aean, good morning. >> Yeah, good morning, Becky. President Trump arrived in South Korea uh overnight uh and he met with President Lee of South Korea during the Apex Summit there.He was pres ...

All right, welcome back everybody. Five things to know ahead of today's opening bell. The Federal Reserve set to announce its latest interest rate decision at 2 p.m. Eastern time. It's widely expected to cut rates by a quarter point.The Gaza ceasefire in jeopardy. Yesterday, Israeli Prime Minister Benjamin Netanyahu ordered powerful strikes in the Gaza Strip immediately, in his words, in retaliation for what Israel says was a Hamas attack on its forces in the city of Rafa. In the United States, an executive ...

Government Funding & Policy - Over two dozen states are suing the Trump administration to maintain funding for SNAP benefits, which impacts over 40 million Americans [1] - The Department of Agriculture indicated SNAP benefits may stop on Saturday [1] - President Trump stated his administration is working to find a way to fund the SNAP program during the shutdown [1] - Democratic and Republican Senators are co-sponsoring a bill to keep SNAP funded during the shutdown [2] Economic Impact - The report mentions the S&P 500 winners and losers, indicating a focus on market performance [3] - The discussion includes paying air traffic controllers, highlighting potential impacts on transportation and related industries [2]