'WINNER TAKES ALL MARKET': Expert says CapEx will decide the AI race

DOWN AND RIGHT NOW THEY ARE BY 3%. STUART: IS HELPING THE MARK OF THE BIGGEST RALLY. UP ABOUT 580 POINTS NASDAQ IS UP 320 THAT'S ANOTHER 1% HIGHER FOR THE NASDAQ. A WRONG ALONG WITH ME HERE IN NEW YORK TODAY. BIG ATTACK I'M GOING TO CALL A DRIVING FORCE UPON THE RALLY I THINK IS THE DRIVING FORCE BEHIND THIS RALLY. TODAY HOW MUCH LONGER CONTACT PULL THE MARKET HIGHER? >> THAT'S GOING TO BE IN POINT FOR THE NEXT COUPLE OF WEEKS PART OF IT IS A DOUBLE DIGIT GROWTH HYPER SCALARS SHOW THEY ARE STILL BUYING CHIPS FROM NVIDIA THE CHIP OR IS GOOD MORE IMPORTANTLY HAVE ADORABLE BUSINESS THAT CLOUD REVENUE PAYS FOR THE CHIPS IN THE A.I. INVESTMENTS GOING FORWARD. STUART: ON WHAT GROUNDS DO YOU SAY AMAZON AMAZON, GOOGLE AND MICROSOFT ARE WINNERS FROM THESE EARLY REPORTS. MEHTA, TESLA AND APPLE ARE LOSERS BUT ARE YOU SAYING THAT BECAUSE OF CAP NEXT CAPITAL SPENDING? SOME SAY THAT THEY CAN AFFORD WHICH MEANS YOU'RE GOING TO BE THE WINNERS IN THE A.I. RACE BECAUSE YOU HAVE TO MAKE $10,200,000,000,000 INVESTMENT SEVERE TO GET THERE IT'S A WINNER TAKES ALL MARKET PRIMS AND WE ARE LOSERS AT THE MOMENT THEY HAVE NOT MADE THE BUSINESS CASE TO THE STREET. I WOULD BE BUYING MEHTA IF I KNEW WHAT THEY ARE GOING TO DO WITH THEIR DATA CENTERS WERE TESLA IF THEY WOULD NOT BE SPENDING AS MUCH AS THEY ARE WITH WHAT THEY'RE DOING AT THE MOMENT IF YOU LOOK AT WHAT'S HAPPENING ON THE APPLE SITE IT'S A QUESTION OF WHERE IS A THEDECENTRALIZED PIECE ON YOUR DEVICES? STUART: REALLY DO LIKE MARKET? WHAT. STUART: SOME OF UP PALANTIR THERE'S A RISE IN REVENUES THAT SETTING HOW MUCH LONGER CAN THE KEEPING THAT KIND OF THING QUESTION THAT WAS A THING WE DIDN'T THINK THEY COULD CONTINUE TO DO THAT BECAUSE MOST OF THE BUSINESS WITH A GOVERNMENT SITE THE CHOATE LEADER OF THE COMMERCIAL SIDE IT'S HARD TO TAKE THEM OUT ONCE THEY ARE IN. STUART: 16% HIGHER ON THE STOCK LIKE POUNDERERS EXTRAORDINARY PRECOOKED OUT SOLO FROM THE HYATT. [LAUGHTER] STUART: IS DOWN NEAR 20%? >> THEY'RE GETTING HAMMERED EVERYONE THOUGHT THEY'RE ONLY GOING TO BE IN THE GOVERNMENT SITE AND THEY WITH A BENEFICIARY OF THE TERM PRESIDENCY. HOWEVER THEY'RE WINNING ON THE COMMERCIAL SIDE THEY'RE WINNING BIG FORTUNE 500 NAMES ALALEX IS GOING INTO MAKING THE STILLS HIMSELF. STUART: HA