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Closing Bell

Closing Bell: Big Tech's Performance & AI Spending 02/06/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 6 February 2025

⏱️ 43 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

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0:00.0

All right, Kel, thanks so much. Welcome to closing bill. I'm Scott Wobner live from Post

0:04.0

9 here at the New York Stock Exchange. This make a break hour begins with the run-up to Amazon

0:08.5

earnings. One of the last mega-cap tech names to report amid questions about how the biggest

0:12.9

companies in this market are positioning themselves, what they're spending, and maybe most

0:17.6

of all, when they will see a return on all that cash.

0:25.4

We will ask our panel of experts today, including super analyst Mark Mahaney, what he expects in just a few moments.

0:26.9

In the meantime, let's show you the scorecard here with 60 to go in regulation.

0:30.0

We were mixed, not so much anymore.

0:32.1

We are now read across the board.

0:33.8

S&P, not a big loser, nor is the NASDAQ today, but nonetheless we are red. Financials, one of the bright spots in this market today, and so is meta.

0:41.3

Wow, what a standout.

0:42.4

Once again, that stock going for a record, 14 straight positive sessions.

0:47.0

We will track every move into the close today.

0:49.4

A notable decline is SkyWork, shares sharply lower on the earnings and the outlook we'll watch that

0:55.6

closely too down almost 25 percent it does take us to our talk of the tape another big moment for

1:01.4

big tech as amazon reports in just about one hour so let's bring in our experts mark mahony is head of

1:06.7

internet research for evercore isi and jason snipe owns that stock he's with odyssey capital also a

1:12.1

cnbc contributor welcome both it's good to have you good to be here mark first and foremost does

1:20.1

everything come down to a ws growth no but most things do so uh you had deceleration, sort of surprising deceleration by both Azure and

1:30.8

Google Cloud. And so the market, that's why Amazon's sort of underperformed the last day or two.

1:37.7

And so, yeah, the bar got lowered. It's kind of simple now. The street's looking for 19% revenue

1:42.8

growth for AWS. Less than that, stock trades off.

...

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