Bank of America Calls Apple a Buy, TeraWulf CEO on Nasdaq Debut & Exclusive Interview with Vox Media CEO and Group Nine CEO on Merger Agreement

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 14 December 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors are joined by guest anchor Plexo Capital’s Lo Toney this morning. They start off today’s show with Bank of America Analyst Wamsi Mohan who upgraded Apple to buy as the stock approaches a $3 trillion market cap. Next, our anchors cover Morgan Stanley’s top picks for the new year and Vox Media’s acquisition of Group Nine. Then, J.P. Morgan Analyst Sterling Auty is here to dive into the software sector. We also have TeraWulf CEO Paul Prager live from the Nasdaq as the green Bitcoin mining company makes its public debut today. And later, Vox Media CEO Jim Bankoff and Group Nine CEO Ben Lerer join in an exclusive interview on the companies’ merger agreement. 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	I'm Deerreboza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:07.9	Happy Tuesday. Welcome to Tech Check. I'm John Fort with Julia Borsden and Plexo Capital's
0:12.7	Low, Tony, joining us for the hour. Carl and D are off.
0:16.6	Today, another upgrade of Apple. Today, it's B of A, upgrading to buy with a price target of 210,
0:23.6	why they view AR as a key growth driver.
0:26.6	And then Disney and Microsoft named Toppix for 2022.
0:29.9	Can Disney bounce back from a disappointing run this year?
0:32.7	Plus JPM, bearish on some enterprise software,
0:35.2	downgrades for Adobe, Data Dog,-scaler and cloud flare the wisdom
0:39.2	tree cloud computing et fiat on pace for its fifth straight day of losses first up though check me in on
0:44.7	apple after coming within less than a buck per share of reaching a three trillion dollar market cap
0:49.6	the stock fell about two percent yesterday with the rest of the market. It's down more than 1.5%.
0:55.6	Again, today, our next guest is bullish on the stock, upgrading to a buy,
0:59.4	as he sees a potential ARVR headset driving hardware sales.
1:04.1	And joining us now B of A Global Research's Womsey Mohan.
1:07.7	Wamsi, okay, not too long ago.
1:10.6	I can't even remember exactly how long.
1:12.4	This was at $2 trillion, and people were saying, oh, it's going to be a long time before it hits
1:16.6	three. How on earth could ARVR be the justification for going even higher from here, given that?
1:23.4	I mean, it's probably going to be really expensive, right? Like more expensive than an iPhone.
1:29.9	Hey, John.
	...

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