Closing Bell Overtime: Three-Year Anniversary of AI Bull Market: What’s Next? Plus, New MongoDB CEO 12/1/25

Closing Bell

CNBC

News, Business

4.8 • 118 Ratings

🗓️ 1 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks, crypto fall to start December as the risk-off trade continues. HSBC’s Max Kettner breaks down the market action. T. Rowe Price’s Tony Wang talks top tech stocks on the three-year anniversary of the AI bull market. Black Friday winners and losers with Goldman Sachs’ Kate McShane. New MongoDB CEO CJ Desai on the company’s latest quarter.

Transcript

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0:00.0	But that bell marks the end of regulation. CIBC Miracle Day, ring the closing bell to New York Stock Exchange, BlackBawd, doing the honors at the NASDAQ. Stocks couldn't seem to continue last week's rally. All the major averages lower, all snapping five-session win streaks with today's losses. The Dow down about 400 points, S&P 500 and NASDAQ lower by about half a percent. Energy, the best performing sector there,
0:21.1	getting help from rising oil prices. It's the only sector with a gain. Health care,
0:25.1	lower after a strong November. The worst performing sector today? Utilities. Only one name
0:30.7	in the group was higher and it wasn't a power utility. It's a water company. As I mentioned,
0:34.8	crude oil rising on concerns about supply fears. Several international
0:38.6	incidents contributing to the anxiety. More on that coming up. Gold and silver also higher today,
0:44.1	silver hitting an all-time high. It has doubled this year. And cryptocurrency is once again
0:49.4	getting crushed. Related stocks also getting hit. Bitcoin falling past its recent lows,
0:55.7	back to the worst level since April.
0:59.1	Why didn't last week's rebound hold? That's coming up.
1:03.8	Certainly is. That's a scorecard on Wall Street. Welcome to Closing Bell overtime. I'm Morgan Brennan, along with John Fort. Ahead, it has been three years since the start of the AI boom,
1:09.0	which ignited a massive rally across multiple areas of
1:12.6	tech. Can AI continue to fuel that move? We're going to discuss that. Plus, Wongo DB set to report
1:17.8	earnings. The stocks up 43% this year, and traders are betting on a move of more than 10% on these
1:23.9	numbers. You're going to hear from the CEO here before the analyst call. And who are the winners and losers this holiday shopping weekend? Goldman Sachs took to the
1:31.6	malls to get some answers and they will join us with their picks and all that information
1:36.2	a little bit later. But let's start with today's market movie.
1:38.7	Movie. Well, it could be a movie. Market and move. Christina Parts of Nevelace is at the NASDAQ story.
1:45.4	Christina. Or just narrated by me. I know there's a bunch of red behind me, but I have to say
1:50.9	the NASDA did rebound from most of its earlier losses today, closing 4 tenths of a percent
1:56.3	lower. And that rally, I guess you're a around rebound, really thanks to a rally in semiconductor
2:01.7	stocks.
	...

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