meta_pixel
Tapesearch Logo
Log in
TechCheck

Breaking Down Nvidia’s Q3 Earnings, Airbnb CEO Brian Chesky on Travel Demand & Sonos CEO Patrick Spence on Latest Results 11/17/22

TechCheck

CNBC

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

4.566 Ratings

🗓️ 17 November 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Our anchors begin today’s show with Needham analyst Rajvindra Gill breaking down chipmaker Nvidia’s Q3 earnings, and lodging platform Airbnb Co-Founder and CEO Brian Chesky discusses post-pandemic travel demand and price transparency for customers. Then, Sonos CEO Patrick Spence joins for a closer look at the audio equipment maker’s latest results, and our Jon Fortt shares highlights from his interview with software company Nutanix CEO Rajiv Ramaswami at CNBC’s Technology Executive Council. Later, CNBC’s Kayla Tausche reports on the Biden administration’s strategy for safeguarding access to critical products by investing in the supply chains of like-minded countries.

Transcript

Click on a timestamp to play from that location

0:00.0

I'm John Fort. You're listening to CNBC's TechChack. Our show is live weekdays at 11 a.m. Eastern. Listen in.

0:10.5

Welcome to Tech Check. I'm John Fort. DeGrabosa and Carl Kintania. Today, the NASDAQ, I'm sitting at the

0:17.0

NASDAQ now losing all of November's month-to-date games as tech stocks.

0:21.6

See another day in the red. But is there hope why some are pointing to Cisco and

0:25.7

Nvidia? Plus, we've got Airbnb co-founder and CEO Brian Chesky in just a moment as travel demand

0:31.7

continues to surge and the company launches a bunch of new tools. And so no CEO Patrick Spence, listen up. Speaking of listening,

0:40.7

just hearing from Sirius XM, their sales come in better than expectations. Shares are heading

0:47.5

a bit higher on the news call. We'll kick off today's feed John with some hope for the Bulls

0:53.4

this morning, Cisco and

0:54.6

NVIDIA, with results overnight. Both names giving better than feared guidance. Cisco beats

0:59.3

on the top and the bottom line. EPS forecast coming in at 84 to 86 cents, analysts at 85.

1:04.9

And while NVIDIA shares are lower after EPS and gross margin came in well short,

1:09.4

bulls are pointing to their forecast,

1:11.2

revenue just a few million short of expectation, and higher adjusted gross margins in Q4

1:16.1

than last quarter. That would be just 1% off of last year's numbers when shares were trading

1:20.9

above $300 a share, John. Interesting. Gaming down 51. You got the inventory charge of 700 million. It's clear that

1:29.4

they are waiting for that channel to clear, although some of the sell-side research today argues

1:33.5

that might be a 23-story. Indeed. And, Dee, this is, though my feeling of caution here.

1:40.8

This is not a period where the enterprise is leading. We're in Q4. This is about what happens

1:46.0

with the consumer, and then that's going to influence how the enterprises is positioned,

1:52.0

how chipmakers are positioned in terms of their inventories. So many companies seem to be making

1:57.6

these projections based on where things are right now. And it seems to be pretty

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.