Matt Miller

We'll sit down with the CEO.

But first, let's take a look at what's going on in markets because we have a rally on our hands today.

The S&P 500 gaining 1.5%.

The NASDAQ gaining 1.25% right now.

It is worth pointing out that even adding 290 points only brings us back to 23,245.

So we're rising up, but still to a relatively low level.

And Brent Crude trading at over $107 a barrel right now, 107.71.

NYMEX is trading at $103 a barrel, so even WTI, well over that $100 level, as the president tells aides, at least according to the Wall Street Journal, that he is thinking about leaving Iran without reopening the Strait of Hormuz.

Let's bring in Bloomberg Balance of Power co-host Kayleigh Lymes for the latest on the war in the Middle East.

Kayleigh, what do we know?

All right, Kaylee, thanks very much.

Look forward to your program.

Kaylee Lyons, co-anchors Balance of Power at 1 o'clock on Bloomberg Television.

Let's turn now to the big news in chip makers today with NVIDIA announcing a $2 billion investment in Marvell technology.

It's part of a strategic partnership that will connect Marvell with NVIDIA's AI ecosystem, essentially opening up the tent to bring in more players.

Let's get to Bloomberg's global executive tech editor, Peter Elstrom.

So, Peter, what do we know about this deal?

Hi, so we've seen Nvidia cut a number of these deals in the past where they're going out and they're working with other technology companies to try to speed up and improve the AI infrastructure that they're building out around the world.

They're of course selling their chips to the AI developers.

And in this case, they're partnering with Marvell, investing $2 billion, as you say, not a small amount, to be able to get more access to their technology, especially the photonics technology that they need to be able to connect chips.