Nvidia董事会罢免黄仁勋CEO职务，CFO暂代

And right now we are two minutes away from the end of the trading day. Romaine Bostick alongside just Metan taking you through to that closing bell. It's a global simulcast. Carol Massar and they join us now. Welcome to our audiences across all of our Bloomberg platform. Television, radio. Our partnership with YouTube. An incredible day on Wall Street right now. When we take a look at what's going on in stocks, what's going on in bonds, what's going on in oil markets, but of course, all the focus right now is on one company and one man Nvidia and Jensen Wong.

Yeah. How rare is it that we really have one singular story that dominates not just today but really throughout the week? Uh, we're taking a look at shares of Nvidia. I'm just going to bring them up on my Bloomberg down about 4.4%. Keep in mind this stock was down more than 14%. Um, but it's interesting to see that it hasn't necessarily taken down completely the eye trade. And that we're also seeing some other companies like an AMD or Broadcom actually rally and, uh, gain on the prospect of maybe gaining some market share as Nvidia deals with its woes.

Um, we were just having a fascinating chat with Lauren Cassidy, the founder and chief investment officer of founders 100 ETF, and her ETF has a remit. They only invest in companies that are run by founders. Nvidia was the third biggest holding in the portfolio at more than 6%. Yeah, they have 90 days to sell all of that regardless of what the price does. And she was very clear with us. This company without Johnson is not the same company that it once was.

Yeah. I mean checking in on retail traders. They were actually buying the dip. According to JP Morgan, its price actually for earnings is only around 11 times forward right now. So a lot cheaper than you get a commission. Well and to your point though itself I mean it gets to this idea that okay maybe you remove the man, but has it changed the fundamental idea of what it's been selling and the demand and the demand, of course, it has actually been coming in for some of those products.

That remains to be seen. Uh, we should point out that there's a lot going on in the world of IE beyond just Jensen Wong himself. Remember, Nvidia reports earnings next week, but we're also expect to get the IPO from anthropic and a redhead crossing the Bloomberg terminal. That anthropic IPO is said to be six times oversubscribed. Not necessarily a surprise as we see red across the screen, parallel with all of the major indices, down just about a fraction of a percent for the Dow, the S&P and the Nasdaq.

The Russell 2000 much lower on the day, closing down 1.7%. Everybody seems to be eagerly anticipating that IPO. Um, in terms of the trade. Let's go back there S&P 500. We know the index overall just a little bit lower. But most names in that big cap index were down today about 379 losing ground. And we did see 124 uh higher in today's session. Materials stocks down 1.5% in the S&P 500 and followed by industrials down around 1%.

But on the flip side you Brent crude topping $96 a barrel up more than 3%. So you're seeing energy stocks gaining on that up more than 1.5%. Carol. All right. Yeah. Let's uh let's kind of keep this going guys, because we talk about this idea of the chip space and the idea that if you're not going to Nvidia, who are you going to. We had Ross Gerber on earlier today and he said, look, you know, they have the chip everybody wants.

Are you going to get that from AMD? Are you going to get that from Broadcom. Maybe maybe not. We are getting some earnings out of other chip makers. That includes applied materials right now. And we should point out the knee jerk reaction to the shares is relatively muted right now. As a company did report EPs relatively in line with estimates $4.16 a share. That's $10.10 more than what the street was looking for at 406 on average.

Sales coming in at about $10.4 billion to treat was looking for roughly about $10.3 billion in semiconductor systems net sales in the most recent quarter, its fiscal fourth quarter $8 billion. On the nose, the street was looking for 7.94. Yeah. Interesting, right. This is a stock that's been on fire when you're like I mean, a lot of names in the semiconductor space have, but it's up about 48% year to date. You're seeing kind of a tepid reaction here in the aftermarket Tim.

The stock right now just down about half a percent as investors work their way through it I mean adjusted gross margin 50.6% in the fourth quarter versus 48.1% year over year. The estimate on the street was pretty much in line with what came in 50.4%. But right now the stock flat a little bit in the green here. All right. Record quarterly free cash flow $2.6 billion. Uh, distributed over $2.4 billion to shareholders.

Gary Dickerson, the president and CEO of the company, saying that I continues to feel strong incremental demand for SMEs and applied has built the most enabling portfolio to advance the computing roadmap, putting us in a great position for multi-year revenue and profit growth. Uh Amat shares in the after hours up by about 1.6%. And of course, watching this closely, because investors wanted to know if this could potentially slow constraints with supply.

But the stock a drop more than 45% from that peak that we saw at the end in June coming into today, but it's still up close to 50% year to date, guys. And we should point out, we're also still waiting to get earnings. Uh, a little bit later, uh, in the after hours from Cisco and of course, Tim and Carol, we're going to get Nvidia's earnings next week, assuming they they still go through with that. But obviously there's going to be a lot of questions about the succession process, or I should say, the search process for a permanent CEO, of course the CFO are being elevated to interim status for right now.

And it raises a lot of questions. Is does she become the permanent CEO? Do they have someone internally who can actually fill those shoes, or do they look from outside the walls? It's a really important question. And, you know, we keep hearing how well, you know, Jensen understood this company. He had been with the company from the beginning, the only CEO, the only leader of this company. And again, everyone kind of speaks to his relationships with everybody in the industry and his ability to then manage the supply chain at Nvidia.

And this was really an important asset for the company. So having him not in that place, you know, you do wonder kind of how that goes forward. So where are we going now. Let's go to Gaynor's. Oh, Gaynor. Sorry. Uh, I got lost in my thought. All right. So let's go to, uh, some of the individual Gaynor's kind of that kind of a day, guys. Um, we talked about AMD and Broadcom. These were definitely two out performers. Number one gainers in both the end uh Nasdaq 100 and the S&P 500.

You have advanced micro, up 5.8%. In today's session. You had Broadcom up about 5.5%. These two names gaining on bets that they may possibly win business from and vedere as it deals with all of these woes if you will changes changes and certainly figure out who will be the next CEO. So that is something that we're going to have to figure out. We did. See also William Blair raising its investment recommendation on AMD.

So there was a lot going on. But investors uh, in a big way remain moving into the space. Uh, staying in the AI space. Uh, artificial intelligence infrastructure companies really burst out with its earnings report here. I'm going to start with the most recent quarter that just passed in the third quarter, a loss per share of $0.67, revenue of $231 million. That is a beat. And core hardware revenue, uh, coming in above estimates at $86 million for the fourth quarter, the company says expect that core revenue number to jump to 310 to $330 million.

That's well above street estimates. On average, they were looking for about 271 million. The company says that overall gross margins in