meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: Michael Dell on AI Demand, Energy & TikTok; Jim Cramer on NVIDIA 10/7/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 7 October 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Wealth strategist Nicole Webb (Wealth Advancement Group) joins to assess investor sentiment as the government shutdown enters its seventh day. Jim Cramer stops by the NYSE to talk NVIDIA and his new book. Plus, a First on CNBC interview with Michael Dell after his company raised its annual targets. Dell talks AI demand, its energy consumption and more. BlackRock’s Jeff Rosenberg shares his Q4 outlook for fixed income.

Transcript

Click on a timestamp to play from that location

0:00.0

That bell marks the end of regulation. I'm John Ford at the New York Stock Exchange. Service Academy women are going to closing bell here at the New York Stock Exchange. Thorntonburg Investment Management doing the honors at the NASDAQ. And I'm Morgan Brennan at CNBC headquarters. Well, stocks lower across the board today. But closing in the middle of today's range, the S&P 500 and the NASDAQ did start the day higher. They hit record

0:21.4

intraday highs earlier in the session. The froth and momentum trades we've been tracking

0:25.7

lately, those reversing today as well. Safer sectors such as staples and utilities

0:30.2

where the S&P leaders today, while consumer discretionary and technology closed lower. Bitcoin also

0:36.3

falling today, but not before making a new all-time high, above 126,000.

0:41.3

Ether down nearly 5%, but nothing can stop gold.

0:45.3

Another record crossing above $4,000 an ounce.

0:50.3

That is the scorecard on Wall Street.

0:52.3

Coming up right here on overtime.

0:58.1

Invidia CEO, Jensen Wong, speaking to Kramer's Investment Club today.

1:05.3

Jim will join us with his takeaways from the conversation with Jensen Wong and some people he helped turn into millionaires.

1:08.9

And we'll hear from Dell CEO and founder Michael Dell.

1:13.9

That stock hitting an all-time high today as the company raises its growth forecast.

1:21.4

Thanks to what else AI demand. But let's begin at the NASDAQ where the namesake index is giving back some gains today.

1:27.0

Yesterday's AI optimism being tempered a little bit. Our Christina Parts in Nevelas has the story. Christina.

1:31.4

Exactly, John. Tech weakness, really the big story today after Monday's boost, like you said,

1:36.1

from the AMD and opening I deal. The AI theme came under scrutiny. There was a few articles highlighting bubble concerns, people in our network talking about it, and then a late morning

1:39.6

report from the information that flagged financial concerns at Oracle in renting out

1:44.0

Nvidia chips. The software giant, that would be Oracle, fell about 2.5% after the report

1:49.0

said its margins on cloud business are weaker than analysts estimate and that it's losing

1:53.5

money on some Nvidia chip deals. Oracle declined to comment, but investors became a

1:58.1

little worried about cloud providers like Corweave and Nebias facing similar risks.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.