AI Battle Royale… And The State Of U.S.-China Relations 12/19/25

CNBC's "Fast Money"

CNBC

Business, News, Investing

4.3 • 1.2K Ratings

🗓️ 19 December 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Just a few trading days left in 2025, and there’s an AI battle royale brewing between hardware and hyperscalers. The moves in Micron, Nvidia, and Oracle as Mag-7 hyperscalers largely sit out of today’s rally. Plus A TikTok spinoff deal, and an $11B weapons package to Taiwan. All the headlines swirling around U.S.-China relations, and how it can all impact global markets. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money. Here's what's on tap tonight. An AI rebound, tech stocks leading the market to close out the week with micron serving another 7% today. What do these moves tell us about the state of the trade? How should you position going into the new year? And drug price dealing, a slate of pharma companies agreeing to voluntarily lower drug prices,
0:21.5	what it means for the stocks in the state of health care.
0:24.0	Plus Nike swooshes lower after earnings.
0:26.3	Rivian revs up for its best week of the year.
0:29.0	And college football playoffs kick off tonight.
0:31.3	We've got an exclusive look at the most valuable programs in the NCAA.
0:34.8	What's behind their growth and why private equity is watching so closely?
0:39.3	I'm Melissa Lee. Home to you Laughan Studio Bia at the NASDAQ on the desk tonight. Tim Seymour,
0:43.1	Courtney Garcia, Steve Grasso, and Mike Co. We start off with an AI battle royale, hardware versus
0:49.1	hypers duking it out in a heavyweight bout into year- end. Today, it is hardware landing a right hook.
0:54.7	Micron's soaring another 7% building on a strong post-earnings momentum. InVIDia also getting a
0:59.7	nice boost after a bullish note from Bernstein analyst Stacey Raskin, who cited an attractive
1:04.5	valuation. AI hardware infrastructure names seeing some of the biggest gains today, Oracle,
1:09.4	bouncing back from big losses yesterday, thanks to his TikTok deal, CoreWeave, Super Micro, Dell, all joining the party.
1:15.7	Meanwhile, those Mag 7 hyperscaler names largely sitting out today, Alphabet, the only name with a gain of
1:20.5	more than a percent. And on top of everything else, Open AI may become the next member of the
1:25.5	trillion dollar club before it even goes public.
1:28.7	So at the end of a week of wild swings, what have we learned about this trade?
1:33.0	Or is this just sort of a blip in the bigger AI trade, Tim?
1:36.1	What do you think?
1:37.4	No, look, I think the last month has been important in terms of evaluating free cash flow from companies that were gold standard
1:43.9	by looking at the
	...

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