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Closing Bell

Closing Bell Overtime: AI with Nvidia & ServiceNow CEOs; AMD Earnings 5/6/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 6 May 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Paul Hickey, Bespoke Investment Group Co-Founder helps break down the market action and a fresh wave of earnings across chips, EVs, and enterprise tech. Live from Las Vegas, Jon Fortt sits down with ServiceNow CEO Bill McDermott for a wide-ranging conversation on enterprise AI adoption, digital transformation, and business confidence. Ruben Roy, Stifel Senior Analyst, joins to react to AMD and the broader Nvidia-driven AI rally. Rivian CEO R.J. Scaringe joins following the company’s latest results. Kristin Peck, Zoetis CEO, joins to talk pet demand and the latest quarter.

Transcript

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0:00.0

Well, that's the end of regulation.

0:03.3

On the tech ringing the closing bell at the New York Stock Exchange, Z-Space doing the honors

0:07.3

at the NASDAQ.

0:09.0

Stock selling off today, second day in a row as the Fed meeting gets underway and pounds here,

0:13.2

polls tech lower.

0:14.8

That is the scorecard on Wall Street, but the action is just getting started.

0:18.2

Welcome to Closing Bell overtime.

0:19.8

I'm Morgan Brennan at CNBC headquarters.

0:23.3

And I'm John Ford in Las Vegas at Service Now's Knowledge 2025 conference, where I spoke earlier with

0:29.9

NVIDIA's CEO Jensen Huang and where I'll be joined shortly by Service Now CEO Bill McDermott

0:35.7

as that company lays out some big AI targets.

0:39.4

And also ahead this hour, a slew of earnings reports, including Chipmaker, AMD, Super Micro, EA,

0:45.4

Win, and Rivian Plus.

0:47.6

An interview with Rivian CEO before he talks to Wall Street analysts on the earnings call.

0:52.5

But as we await all of these earnings, let's get straight to today's market action.

0:56.3

Joining us now is Bespoke Investment Group co-founder Paul Hickey, as well as CNBC Senior Markets Commentator Mike Santoli.

1:02.4

Great to have you both here.

1:04.0

As I mentioned, second straight day of red on the screen for the major averages, Paul, as the SMP settles out here, it looks like just above the 5600 level,

1:12.5

maybe 5606. Looking at your notes here, you're constructive, dare I say, about this market.

1:19.7

Is that the way to think about it? Well, no, I mean, I think there is a lot of uncertainty,

1:24.9

so out there, so it's hard to get too excited.

1:29.8

But, I mean, look at some of the positives that we've seen here.

...

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