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CNBC's "Fast Money"

AMD Goes Meta, and Why You Might Want to Believe the Rivian Hype

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 8 November 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of AMD closing at an all-time high today after the chipmaker signed a deal with the company formerly known as Facebook to supply semis. So is this the ultimate way to play the metaverse boom? Plus Rivian is set to make its market debut on Wednesday. And one venture capitalist say that, unlike with other recent EV IPOs, this one’s the real deal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Live from the Nasdaq market site overlooking New York City's Times Square, this is Fast

0:05.8

Money.

0:06.8

I'm Melissa Lee.

0:07.8

Tonight's straighter lineup, Guy Dami, Tim Seymour, Karen Feynerman, and Dan Nathan.

0:10.4

Tonight on Fast, we're tracking the out-of-arms action and shares of PayPal, AMC, and the

0:14.7

real, real all three stocks on the move right now on earnings.

0:18.1

Their calls just getting underway, we're breaking down the quarter straight ahead.

0:21.4

Plus, building gains, infrastructure stocks, and rally mode as Congress passes a massive

0:25.9

spending plan.

0:26.9

As names you need to have on your watch list, and later, a crypto breakout Ethereum hitting

0:31.5

a fresh all-time high as Bitcoin closes in on a new record, we're trading the big moves

0:36.3

straight ahead.

0:37.3

But we start off with AMD jumping into the metaverse, the chipmaker scoring a deal to supply

0:42.1

semis to the company formerly known as Facebook shares soaring more than 10%.

0:47.3

Their biggest gains since July of 2020, and closing at a record high.

0:51.3

The rest of the semis facing strength as well, names like Zyling, San Vida, Taiwan,

0:55.6

Semi, all up more than 2%.

0:57.7

So our chip stocks, the ultimate way to play the metaverse, Dan Nathan, your thoughts

1:03.7

here.

1:04.7

Well, that's one way, and it's certainly one way that investors have focused on it

1:08.3

since, you know, Mark Zuckerberg renamed the company a couple weeks ago, meta, and laid

1:12.6

out their vision for what the metaverse is.

...

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