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Closing Bell

Closing Bell Overtime: AMD CEO On The Company’s New AI Chip; CrowdStrike CEO On Its New AI Bot 6/13/23

Closing Bell

CNBC

News, Business

4.4140 Ratings

🗓️ 13 June 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Another day of gains for the major averages. Vital Knowledge founder Adam Crisafulli breaks down the market action. After unveiling a new AI chip, AMD CEO Lisa Su joins to discuss the opportunity for the chipmaker. CrowdStrike CEO George Kurtz discusses the company’s new cybersecurity tool, a chatbot for clients named Charlotte AI. Morgan Stanley hosted its Financials Conference; Leslie Picker discusses the market-moving highlights. Signifyd CEO Rajesh Ramanand on the state of the consumer and inflation on the back of a cooler CPI print. RBC Capital’s Amy Wu Silverman on what the options market says about tomorrow’s Fed decision.

Transcript

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0:00.0

We got your scorecard on Wall Street, but winter stay late. Welcome to

0:03.9

closing bell overtime. I'm John Ford on the other coast in San Francisco.

0:08.7

And I'm Morgan Brennan at see NBC headquarters in New Jersey.

0:12.0

Coming up on today's show, a can't miss interview with at cnbei headquarters in New Jersey.

0:12.6

Coming up on today's show, a can't miss interview

0:14.8

with the CEO of AMD, Lisa Sue, fresh off today's AI event.

0:19.7

Her company's stock has doubled so far this year. We're going to talk about of course the latest

0:24.2

efforts in AI data centers much more. Plus we'll be joined by the CEO of

0:28.5

Crowd strike as that company makes inroads into the world of artificial

0:32.1

intelligence to combat cyber attacks as well.

0:36.2

But right now we are less than 24 hours from tomorrow's crucial Fed decision.

0:41.0

Joining us now is Vital Knowledge, founder, and President Adam Chrisifouli.

0:45.0

Adam seems pretty clear that going to be able to pause after the CPI number today and the

0:50.6

markets, whoa sigh of relief reaction, but I wonder when you look at the NASDAQ

0:56.0

it's at those high levels from January through May of 2021 where it bumped around before shooting up to 16k.

1:05.1

So might this level here actually be reasonable?

1:09.4

I think it's reasonable.

1:10.4

I think the, you know, what I'm focused more on is that the

1:13.4

discrepancy of the economy between the tech out performance and

1:16.3

Aztec out performance and certain other pockets of the market. I think overall

1:20.2

the fundamental backdrop is relatively favorable and so the tech rally is

1:24.0

justified.

...

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