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Closing Bell

Closing Bell Overtime: Nvidia Earnings Bonanza 5/22/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 22 May 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

Nvidia reports Q1 earnings – and extends its recent impressive run. We have you covered from every angle, including analysts, shareholders and contrarian plays. Plus, earnings from Snowflake, ELF, and Synopsys.

Transcript

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0:00.0

Well, stocks losing some ground on Fed uncertainty, but attention now turns to the big

0:05.6

event coming in 20 minutes. That is the scorecard on Wall Street, but the

0:10.1

actions just getting started. Welcome to Closing Bell overtime.

0:12.7

I'm Morgan Brennan with John Fort.

0:14.8

And you know what the moment is.

0:16.4

I mean, it's NVIDIA results.

0:18.4

Wall Street's been waiting for it,

0:19.8

and those results are just minutes away.

0:21.6

It could set the tone for the entire market.

0:24.2

That's how big this potentially is.

0:25.8

We're going to bring you those numbers and analysis as soon as they cross.

0:29.4

And we have an all-star lineup of shareholders, analysts, and industry insiders ready to break down these

0:35.2

results from every angle.

0:37.3

Three of those all-stars join us now, longtime invidious shareholder Barbara Duran of B-8 Capital

0:41.5

Partners, Stephanie Link of High Tower Advisors and

0:43.8

C. M.C. contributor, she follows the space closely and Patrick Morehead of more

0:47.9

insights and strategy CEO who covers NVIDIA and other names in the chips sector.

0:53.2

It's so great to have all of you as we do wait to get these results from one of the biggest

0:59.3

of the mega cap tech names.

1:02.1

Barbara, I'll start with you. the fact that we did see a record

1:04.8

intraday high for the NASDAQ but we faded those gains we drifted lower

1:09.1

here into the close. It does seem like there's really been three big pillars to this market.

...

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