Closing Bell: The AI Boom & The Fed's Next Move 5/24/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 24 May 2023
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell. I'm Scott Wapner live from Post 9 at the New York Stock Exchange. This make or break hour begins with |
| 0:06.5 | The countdown doing video earnings less than an hour away now. The stock up more than 100% year to date, which means there is so much riding on those |
| 0:15.6 | results for those shares and arguably for the tech trade overall. |
| 0:20.6 | Here's your scorecard with 60 minutes to go in regulation. |
| 0:23.0 | The debt ceiling dual wing on the markets for most of the day. |
| 0:26.0 | The speaker says the two sides are still far apart on spending cuts, though he does remain hopeful of getting an agreement |
| 0:31.0 | says the country will not default on its debt. |
| 0:35.3 | All three of the majors trading lower as you see their yields rising again today and that is |
| 0:40.0 | proving to be a considerable headwind on stocks. |
| 0:43.4 | As well, it leads us to our talk of the tape. |
| 0:46.2 | Invidious moment and whether it will live up to the hype. |
| 0:49.6 | Let's ask our panel of experts, Stacy Raskin, |
| 0:52.0 | one of Wall Street's top chip analysts, |
| 0:54.0 | Bryn Tockington of requisite capital. She owns the stock and Malcolm Bethridge of CIC wealth. It's great to have everybody with us. |
| 1:00.3 | All right, Bryn, you got thisn, you've done incredibly well. |
| 1:04.5 | It's up more than 100% right into the print. |
| 1:07.8 | What are you thinking about today? |
| 1:11.6 | So it's pretty incredible. |
| 1:13.4 | Invidia I P. O'D in 1999 and actually I went back and looked. |
| 1:18.4 | It has had eight years Scott where it actually had a return of over 100%. |
| 1:23.9 | So while this year seems very rare for a stock |
| 1:27.5 | to be up 100%, actually in the history of NVIDIA, |
... |
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