Broadcom to Acquire VMware for $61 Billion, Breaking Down Nvidia’s Latest Earnings & Apple Boosts Pay for Employees Worldwide 5/26/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 26 May 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show breaking down chipmaker Broadcom’s plans to acquire cloud computing firm VMware for $61 billion, with insight from Moor Insights & Strategy CEO Patrick Moorhead. Then, Bank of America analyst Vivek Arya joins to discuss semiconductor manufacturer Nvidia’s Q1 earnings, and Maverick Ventures Managing Director Ambar Bhattacharyya looks at the latest results from cloud computing firm Snowflake. Next, our Julia Boorstin reports on Elon Musk increasing his equity commitment for buying Twitter, and CNBC’s Kate Rooney covers venture firm Sequoia Capital warning founders to preserve cash and cut costs. Later, CNBC’s Steve Kovach shares details on Apple boosting pay for both retail and corporate employees worldwide. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.
0:10.3	Good Thursday morning. Welcome to Tech Check. I'm Carl Kintan here with Deirdreboza and John Fort.
0:14.7	Today, forecast show, light snow, high growth tech takes another leg lower, Nvidia and Snowflake, both revealing some disappointing outlooks.
0:24.0	We'll talk to Snowflakes Frank Sloop in tomorrow right here on this program.
0:27.8	Invidia shares are staging a turnaround now in the green.
0:30.5	That's a stock that fell 10% last night immediately after those numbers crossed.
0:34.9	And speaking of chips and software, Broadcom, putting the two together,
0:38.0	officially announcing that $61 billion purchase of VMware, one of the biggest tech deals
0:42.8	ever.
0:43.3	More on that in a moment.
0:45.1	We'll start, though, with earnings for Snowflake and NVIDIA.
0:48.5	But interestingly, the turnaround on NVIDIA, John, is what's gotten some people's attention.
0:52.7	Yeah, it's gotten my attention, Carl.
0:54.3	I think it's interesting.
0:55.2	Neither company made big mistakes in the quarter.
0:58.7	The stocks are mixed.
1:00.0	I mean, it seemed just a month or two ago that companies had to turn in perfect earnings
1:06.1	or they'd go down.
1:07.8	This wasn't perfect from NVIDIA in the sense that the macro environment was tough,
1:13.6	gaming in Russia and China, data center still strong.
1:16.6	Snowflake, though, at the same time, you know,
1:20.6	it said consumption was down.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.