Closing Bell Overtime: Breaking Down Nvidia Earnings, Impact On The Market 2/21/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 21 February 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Investors have had this day circled on their calendars for a while and it’s finally here: Nvidia’s Q4 results. We have you covered with the numbers and analysis from all angles, including where the stock goes from here and what it means for the rest of the market. BD8 Capital’s Barbara Doran, DA Davidson’s Gil Luria and Moor Insights & Strategy’s Patrick Moorhead dig deep into the numbers. Bessemer Venture’s Byron Deeter and Lux Capital’s Josh Wolfe give their take on what Nvidia means for the private markets and what companies and sectors could be next. Plus, Closing Bell Overtime’s 1-year anniversary.

Transcript

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0:00.0	We've got to come back for the major indices, the Dow and the S&P ending in the green near the highs, the NASDAQ,
0:07.4	still a bit negative. While that's the scorecard on Wall Street, but now,
0:11.9	uh, winter stay late for Invidia earnings and today we are coming to
0:15.8	you live from our new studio here at the NBC's Global Headquarters.
0:18.8	Welcome to Closing Bell Overtime, I'm John Fort with Morgan Brennan.
0:22.0	We have a very big show for you today in less than 20 minutes.
0:26.0	We will get those NVIDIA numbers and we have a team of experts ready to help you figure out what they mean for the stock, the tech sector, and the broader market.
0:36.1	We also are awaiting earnings from ETSI, Rivian, Lucid, and others.
0:40.1	We will bring you those reports as soon as we have them as well.
0:43.0	Think of them as the trailers before the movie.
0:46.0	Let's kick things off though with our panel as we await in video.
0:49.0	Joining us now is Barbara Duran of B.D.A.
0:53.9	and Patrick Moorehead of more insights and strategy.
0:55.9	Pat, I'm going to go straight to you as we talk about
0:58.8	NVIDIA.
0:59.6	The scale of what we're talking about, the data center business is the one that has AI in it,
1:04.7	it's the one that's just been ripping.
1:06.1	The question is, are we going to get north of 375% revenue growth year over year.
1:13.6	How high above $17 billion in revenue are we going to get?
1:17.7	When's the last time we saw something like this in a stock?
1:20.8	I mean it's been a long time.
1:22.1	Let's go back to dot-com era when Cisco was the greatest
	...

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