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Closing Bell

Closing Bell Overtime: Nvidia Earnings: AI Momentum Rolls On 5/28/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 28 May 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Markets braced for a massive after-hours earnings slate, including Salesforce, Nvidia, C3.ai, Synopsys, and Pure Storage. Nvidia dominated the agenda: analysis from Moor Insights & Strategy’s Patrick Moorhead and CFRA’s Angelo Zino while Byron Deeter of Bessemer discusses what Nvidia’s print means for the broader AI and semis trade. Paul Hickey of Bespoke gives a read on sentiment as yields ticked higher. Jefferies’ Brent Thill weighs in on CRM.

Transcript

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0:00.0

That's the end of regulation. Measured risk portfolios ringing the closing bell at the New York Stock Exchange, first advantage doing the honors at the NASDAQ.

0:10.2

Stocks losing early morning gains, closing near-session lows as investors await in videos earnings later this hour.

0:16.6

All 11 S&P sectors lower utilities energy, the worst performers there. Retail and focus today, too, Capri, Macy's, and Abercrombie and Fitch, all reporting, all cutting full-year guidance due to tariffs.

0:27.1

Shares of Abercrombie, though, did post their best day in two years.

0:31.8

Box soaring after reporting strong results, giving better than expected guidance.

0:35.4

FICO recovering from yesterday's losses.

0:37.7

Barrett upgrades that stock to outperform, saying it has an attractive market position. Home builders,

0:42.5

though, lower across the board as yields rise again, the 30-year crossing back above 5% earlier today.

0:49.0

That's where so much of the action has been. And in the last hour, shares of cadence and synopsis

0:53.6

moving sharply lower on reports

0:55.6

that the president has ordered companies that offer software used to design semis to stop selling

1:01.8

services to Chinese groups. We've got more on that straight ahead.

1:05.8

Well, that's the scorecard on Wall Street, but winners stay late. Welcome to closing bell overtime.

1:09.5

I'm John Ford, along with

1:10.9

Morgan Brennan, and the big news we are waiting for today, results from InVIDIA. That stock

1:16.9

slightly lower today, up 24 percent so far in May. That's its best monthly gain since May of 2024.

1:25.1

Before we get to that, a host of other reports expect in the next few minutes,

1:29.6

Salesforce, Synopsis, C3AI, and ELF Beauty among them. And as we await those results,

1:35.4

let's focus on today's action as the markets pulled back slightly, losing their early

1:39.1

morning gains with the S&P finishing down about half a percent here. Bespoke Investment Group

1:43.4

co-founder Paul Hickey and Evans May We Wealth managing partner, Brooke, may join us.

1:47.6

It's great to have you both here.

...

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