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Closing Bell

Closing Bell 5/28/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 28 May 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:03.9

This maker breakout begins with what do you think? The countdown to do in video earnings.

0:07.7

The big event you've been waiting for are experts standing by to tell you what matters most and what could keep that stock moving higher.

0:15.8

The countdown clock right in front of you. In the meantime, the scorecard with 60 to go in regulation today looks like

0:21.6

this. We're largely taking a breather ahead of those highly anticipated numbers. Slightly red across the

0:28.1

board. Most sectors are red. Utilities are selling off the most today. Elsewhere, big story,

0:33.4

Abercrombie is a huge winner following its earnings and guidance in what is a very, very big week

0:39.1

for retail numbers. It takes us to our talk of the tape, all that is riding on that Invidia

0:44.5

report. We've got CNBC's Christina Partinevoloz, star analyst Bernstein, Stacey Raskon,

0:51.0

and NVIDIA shareholder Brin-Talkington all standing by. Christina, you set the stage for us

0:56.7

first. The stage is going to be a little bit trickier, the setup this quarter, and that's due to

1:01.7

the recent H20 chip ban affecting China sales. The company had already said they're taking a $5.5 billion

1:06.6

charge, but CEO Jensen Wong warned last week that export restrictions could actually cost

1:10.8

around $15 billion in lost sales on top of that write-down. Even if it's a temporary blip affecting

1:17.3

the July quarter, it is temporary, consensus doesn't really reflect the potential sales drop.

1:22.2

Full-year consensus, we're going to show you a chart right now, has really only declined about

1:25.6

$5 billion in recent weeks with no big moves after May 20th, which implies analysts haven't really

1:31.7

factored in the potential loss in sales.

1:34.8

The company also faced supply constraints around its server racks earlier in the quarter

1:38.6

with manufacturers struggling through the technical transition from Hopper to Blackwell

1:42.6

architecture.

1:43.8

However, recent reports specifically coming from Asia, even FT reporting on it yesterday,

...

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