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CNBC's "Fast Money"

All Eyes on Nvidia Earnings and Digging in on Retail Results 8/28/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 28 August 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Nvidia shares on the moves after its latest earnings report. We dig in on the numbers for the AI darling and what the potential impact might be for the broader market. And shares of Foot Locker and Abercrombie both sinking after their reports this morning. What they say about the strength of the consumer. Fast Money Disclaimer

Transcript

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0:00.0

John, thank you very much, live from the NASDAQ market site in Times Square, this is fast money, and here is what is on tap tonight.

0:07.6

Invidia, in focus, what else?

0:09.6

Shares of the chip giant solidly lower after its latest results the impact that's having

0:14.8

on the chip space and the broader market straight ahead down 4% and retail on

0:19.8

sales shares of Abercrombie and footlocker sinking after their latest earnings, but is the recent drop

0:25.8

in consumer stocks an opportunity to get into some of these names?

0:30.4

We'll debate that and tell you which ones if so.

0:33.0

Plus a super slump for super micro Bitcoin breaks back below the key 60,000 mark and

0:39.3

Berkshire Hathaway hits a major milestone.

0:42.2

We got all the details this hour.

0:44.0

Good evening everybody, I'm Tyler Matheson.

0:46.0

In tonight for Melissa Lee, coming to you live from Studio B at the NASDAQ market site.

0:51.0

On the desk tonight, Steve Grossorosso Bono An Eisen, Dan Nathan and

0:54.7

Guy Adami it's a boy band edition of Fast Money. All right we start with the

0:59.3

most important earnings report of the quarter it's's not in sync. It's in video. You got it as

1:06.8

much as 8% despite beating estimates. The chipmaker also authorizing a

1:11.7

50 billion dollar buyback, not really all that The

1:15.0

shipmaker also authorizing a $50 billion buyback, not really all that big, I guess, in a trillion dollar plus company.

1:18.0

The conference call kicked off at the top of the hour.

1:21.0

Our Sima Moni has all of the details and we'll be monitoring the call

1:24.3

hey see you mom hey Tyler so shares are falling here after invidia second quarter

1:27.9

earnings beat estimates some questions around the Q3 a bride I would also point out

...

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