Closing Bell Overtime: John Arnold on Powering AI & the Rapid Rise of Sports Gambling; Space Capital’s Chad Anderson on SpaceX; Lauren Taylor Wolfe On Algos Impact on the Selloff 2/24/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 24 February 2026

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lauren Taylor Wolfe, Managing Partner at Impactive Capital, argues that indiscriminate selling and algorithm-driven moves may be creating selective opportunities for long-term investors. In semis and mega-cap tech, AMD and Meta strike a new deal as capital spending and stock-based strategies draw scrutiny. Ben Bajarin of Creative Strategies breaks down what the agreement means for Meta, AMD, NVIDIA and the broader software trade. John Arnold of Arnold Ventures discusses the intersection of energy and AI, plus venture capital trends and the rise of betting and prediction markets. John Kolovos, Head of Technical Strategy at Macro Risk Advisors, analyzes key chart levels and momentum signals shaping the tape. Finally, Chad Anderson of Space Capital explains why AI could serve as a tailwind rather than a threat to the space industry.

Transcript

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0:00.0	The bell is bringing an end to the trading day at the NYSC Covista ringing the bell, and at the NASDAQ, MapLite Therapeutics, doing the honors.
0:11.9	Welcome to closing bell overtime. I'm Mike Santoli, live from Studio B at the NASDAQ market site.
0:17.2	Stock's rebounding today. All the major averages higher by at least three quarters of 1%.
0:22.4	A nice gain for the Russell as well, up 1.4%. And we did see a bit of a software rebound as traders
0:28.4	bet the AI disruption trade had a bit overdone in the short term.
0:34.1	Hey, Mike, I'm Melissa Lee live in Miami Beach at the I Connections Global Alts Conference.
0:38.6	The convention center is jam-packed today with big-time fund managers and capital allocators
0:43.4	as well as a who's who in the financial world.
0:46.2	We've got a great lineup of guests this hour.
0:48.3	Lauren Taylor Wolf of Impactive Capital, hedgeman manager John Arnold, who is on META's board
0:53.4	and Chad Anderson of Space Capital.
0:55.5	Are we really getting data centers in space and when? But for the meantime, Mike, the markets look
1:02.2	like they found a little bit of respite from the pressures from the AI sort of displacement fear.
1:09.7	Yeah, a little bit of traction, Mel, I would say, if you look at
1:12.7	the sort of problem children of the recent kind of unrest inside the market, obviously software
1:18.7	caught a little bit of a bit, up less than 2%, Bitcoin at least stopped going down. So I think
1:24.6	you can suggest that, in fact, people didn't want to lean too hard in that direction.
1:29.1	Not really news-driven.
1:30.5	It felt very positioning-oriented.
1:32.2	Let's not get too, you know, to bearish into Nvidia, into the state of the Union as well.
1:37.7	Although this crazy bifurcated market continues on the NASDAQ, 200-plus new 52-week highs, 200-plus new 52-week lows. It's like 9% of the NASDAQ, 200 plus new 52 week highs, 200 plus new 52 week lows.
1:45.9	It's like 9% of the NASDAQ at a one-year extreme.
	...

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