Breyer Capital CEO Jim Breyer on Investment Outlook, Intuit CEO Sasan Goodarzi on Earnings & Andreessen Horowitz Launches $4.5B Crypto Start-Up Fund 5/25/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 25 May 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show hunting for value amid volatility in tech with Destination Wealth Management CEO and Founder Michael Yoshikami, and our Julia Boorstin previews today’s shareholder meetings from Meta and Twitter. Then, Breyer Capital Founder and CEO Jim Breyer shares his investment outlook in an interview from the World Economic Forum in Davos, Switzerland. Next, Intuit CEO Sasan Goodarzi joins after the financial software provider posted an earnings beat with strong guidance, and CNBC’s Kate Rooney reports on venture capital firm Andreessen Horowitz raising $4.5 billion to spend on crypto and blockchain start-ups. MoffettNathanson analyst Lisa Ellis also explains why she cut her price target on crypto exchange Coinbase. Later, CNBC’s Kristina Partsinevelos glances ahead to chipmaker Nvidia’s results after the bell, and CNBC’s Frank Holland offers insight on what to expect from cloud computing firm Snowflake’s earnings. 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 John Fort. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:07.2	Good Wednesday morning. Welcome to Tech Check. I'm Carl Kington-Aid with your Drubosa and John Ford.
0:11.2	Today is the 100th day of trading of the year and officially the worst start to a year for the NASDAQ ever.
0:17.7	That said, today's rebound takes the index back into positive territory for the week.
0:21.7	Got back to 3979 on the SMP, but given snap and the markets plunge yesterday, just how serious is
0:28.3	this demand slowdown? Interestingly, check out into it. Heading higher after strong results and a good
0:33.6	outlook. We'll talk to the CEO about that later on. But the big test will be two stocks,
0:38.5	Snowflake and Invidia, which report after the bell, two names that represent so much of the
0:43.7	growth enthusiasm of the last two years, John. We're going to find out a lot more about
0:48.8	Nvidia, all the different silos of semis, inventories, and the like? I think those two are so important
0:55.4	because, Carl, as you mentioned, Nvidia, it's been around for a long time, but it's one of those
0:59.8	established stocks that's just been such a grower over the last few years as they've pushed
1:04.9	into not only data center, but sort of metaverse and all of that stuff. It's down a lot. So how will investors
1:12.5	react to its earnings? Then you got Snowflake, biggest software IPO ever down way down off of
1:18.8	its highs. It has been nearly doubling year over year. So how does it report? But I got to mention
1:23.0	into it because it wasn't too many years ago that people thought of this company is just about tax,
1:28.5	right? It's like you had ignored three out of the four quarters of the year and just pay
1:32.5	attention to actually this one to see how TurboTax did as a sign of how much this company
1:37.5	is changing. Tax actually underperformed this quarter and look at the stock because of credit
1:44.1	karma because of QuickBooks, D
1:46.0	and other stuff that they're working on. So perhaps a signal into transformation that's happening
1:51.1	in small business and even individuals. The health of SMB is certainly going to be important
	...

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