Can Biotech’s Rally Hold Up?... And An AI Inflection Point With Kara Swisher 2/27/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 27 February 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Biotech sector has bounced 50% since it’s October lows, but with such a massive run, can the gains hold? Plus… have we reached an AI inflection point? The surge has taken over Wall Street, but Kara Swisher lays out why she’s seeing some similarities to the Dot-com boom. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nasac Market site in the heart of New York City's Times Square.
0:04.8	This is fast money. Here's what's on tap tonight. Biotech bounce back.
0:08.4	Conventional wisdom says the sector and health care overall is a no touch in an election year, but could those things
0:15.2	be different this time around?
0:16.6	We'll go inside the numbers.
0:17.8	Plus retail revival, the E.T.F. attracts this group is up over 11% this month and some names on the clearance
0:24.2	rack or mounting a comeback will dig through the discounts and later talking tech
0:28.5	taking tech to the task famed journalist Kara Swisher will join us to talk about her new book and the echoes
0:35.1	of the dot-com boom in the current AI frenzy.
0:38.2	All that plus a surge pricing test for burgers and frosties, cruising, cruising higher and the Bitcoin boom hitting a new
0:44.7	milestone.
0:45.7	I'm Melissa Lee coming to you live in the studio be at the Nasak on the death tonight.
0:48.9	Tim Seymour, Karen Piederme, Dan Nathan and Guyadami.
0:52.0	We begin with this chart.
0:54.5	It is a look at a sector that has jumped 50%
0:57.8	since its lows last October.
0:59.2	It's not tech, and it's not crypto.
1:01.2	The question now is, can these gains hold?
1:03.8	So are you guys ready for the big reveal?
1:05.6	Please, yeah.
1:06.6	Looking at the XBI, the FMPI biotech index this week alone.
1:10.9	It is up close to 9% in all of this in an election year when
	...

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