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CNBC's "Fast Money"

Big Tech’s Moment Of Truth As Nvidia Climbs… And Next Move For Rates Description 10/25/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 25 October 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Nvidia’s record rally continues, as the AI darling trades near all-time highs, and briefly overtakes Apple in market cap. But are next week’s Big Tech earnings a moment of truth for the AI trade? Plus Rates, Equities, and Inflation ahead of the U.S. Presidential election. How one market trader is positioning ahead of the big night. Fast Money Disclaimer

Transcript

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0:00.0

Live in the NASDAQ market is headed in the heart of New York City's Times Square.

0:05.6

This is fast money.

0:06.8

Here's what's on tap tonight.

0:08.0

Back at records.

0:09.6

The NASDAQ touching an all-time high for the first time in more than three months, but with big tech earnings

0:14.1

just around the corner, will the results boost stocks further?

0:16.8

We'll debate that.

0:17.8

And Apple's health goals, the tech giant reportedly looking to expand into a new category

0:22.4

where they're setting their sights and the

0:23.8

companies being impacted. Plus Nike losing ground to the competition. Another sign

0:28.6

of a shaky foundation for housing and what the options market says about

0:32.2

Capri now that it's tapestry deal is a no-go.

0:35.4

I'm Melissa Lee coming to you a lot from studio be at the Nasak on the desk tonight Tim

0:38.4

C. More Bono and Ice and Steve Grasso and Mike Co.

0:41.6

We start off with the NVIDIA's record run this week, the AI Darling stock ending the day just

0:46.2

short of all-time highs, up more than 16% this month.

0:50.2

The chipmaker also briefly topping Apple in market cap today. The world's two most valuable companies neck and neck ahead of a big week for the tech trade.

0:58.0

Most of the MAG7 stocks gearing up to deliver results,

1:01.0

Alphabet, Microsoft, Meta, Amazon, and Apple all on deck.

1:05.5

So will next week be the moment of truth for Big Tech and the AI trade can the reports feel

1:10.1

even more upside ahead.

1:12.6

And I guess people will say, you know, what are they going to spend?

...

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