Closing Bell: Tech IPO's in 2025, Tariffs Taking a Toll? 02/14/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 14 February 2025
⏱️ 43 minutes
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| 0:00.0 | All right, welcome to closing bell. Scott Wapner live from the New York Stock Exchange. |
| 0:03.0 | This make or break Friday begins with Meta's monstrous March, on track today for its 20th straight day of gains. |
| 0:11.5 | An unprecedented move by almost any metric, certainly for a stock this size. |
| 0:15.9 | We'll track its every move into the final stretch here as star analyst Mark Mahaney tells us how far it can go from here. |
| 0:23.7 | In the meantime, let's show you the scorecard with 60 to go in the week. |
| 0:27.4 | Stock's right around a new closing high. |
| 0:29.3 | We're about one point below it on the S&P. |
| 0:32.7 | Pretty resilient, giving the news of the week between inflation and tariffs |
| 0:36.1 | and concerns about the strength of the consumer with retail sales. |
| 0:39.5 | Apple and Nvidia also standouts this week for a tech trade that's looked a bit better lately. |
| 0:44.6 | It does take us to our talk to the tape. |
| 0:46.2 | Surging meta, a big reason why the comm services sector is just ripping this year. |
| 0:50.8 | Let's bring in Evercores Mark Mahaney for more on where this all might go. Welcome |
| 0:55.1 | back. Hey, Scott, happy Valentine's Day. You as well. You know, we talked about this with you on the |
| 1:01.7 | day that Meadow was going to report its earnings, and this thing is a rocket ship. Have you ever seen |
| 1:07.0 | anything like this? I guess I have. |
| 1:12.0 | I mean, I'm not sure 20 straight days, but, you know, you do get these companies occasionally |
| 1:16.7 | get this momentum and they're going through a re-rating. |
| 1:19.7 | So my pitch here, I think, is what's going on with meta. |
| 1:22.2 | It's going through the great internet utility or tech utility re-rating. |
| 1:30.9 | For years, you had a meta always traded at a discount to names like a Microsoft or an Apple because it was perceived to have a lot of end risk. |
| 1:38.0 | There'd be another, there'd be a TikTok or something else would undermine the fad. |
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