Closing Bell: Nvidia Shares Back on the Run 01/06/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 6 January 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nvidia shares are back on the run as the stock looks to close about $150 a share for the first time since November. Kristina Partsinevelos tells us what’s at stake when CEO Jensen Huang speaks tonight. Plus, our all-star panel of Trivariate’s Adam Parker, NewEdge’s Cameron Dawson and American Century’s Mike Rode debate where stocks could be headed this year. Former Dallas Fed President Robert Kaplan tells us what he thinks is most important to the market right now. And, PIMCO’s Erin Browne breaks down her playbook for 2025.

Transcript

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0:00.0	All right, Kelly, thanks so much.
0:02.0	Welcome to closing bell.
0:03.0	I'm Scott Wapner live from Post 9 here at the New York Stock Exchange.
0:06.0	This mega breakout begins with tech on a tear today.
0:08.0	All eyes turning now to Vegas.
0:10.0	That's where Nvidia CEO Jensen Juan gives his keynote address at CES about six hours from now.
0:16.0	The stock, a big mover today along with several other mega cap names.
0:19.0	That's certainly helping a big reason why NASDAQ is leading the action today.
0:22.6	Take a look at the majors with 60 to go in regulation.
0:25.6	We've softened though a bit.
0:26.6	Look at the Dow.
0:27.6	It is now negative NASDAQ off its best levels of the day as well.
0:31.6	S&P still hanging out with about one-third of 1%.
0:34.6	Record revenues from Foxcon today sending most of the semi-names higher.
0:38.8	Invidia, notwithstanding, not the only name,
0:40.7	Micron, Lamb, applied materials.
0:42.6	We just picked those three among the big winners today.
0:44.6	Look at Micron, almost 11%.
0:46.4	Uber is higher as well today.
0:48.2	The company announcing an accelerated share,
0:50.1	buyback, and United Airlines is surging
0:52.3	after saying it's going to test Elon Musk Starlink
	...

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