Markets Shrug Off Semi Weakness…And One Biopharma Stock Surges After Trial Results 6/24/24
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 24 June 2024
⏱️ 44 minutes
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| 0:00.0 | Black in the Nesac Market site in the heart of New York City's Times Square. |
| 0:06.6 | This is Fast Money. |
| 0:07.8 | Here's what's on tap tonight. |
| 0:08.9 | Decoupled, shares of NVIDIA sinking again, erasing more than two weeks of gains but surprisingly |
| 0:13.9 | the broader market holding up is energy and utilities move higher so does this put an end |
| 0:18.1 | to the argument so goes invidia so goes the market plus the Boeing bounce shares rising even as the government |
| 0:24.3 | reportedly urges the DOJ to bring criminal charges against the aerospace |
| 0:27.7 | giant so has all the bad news been baked into the stock and later shares of |
| 0:32.0 | anilim pharmaceuticals soaring to levels not seen in |
| 0:34.9 | over a year after late stage trial results for heart disease medication CEO Yvonne |
| 0:39.6 | Green Street will join us for an exclusive interview to talk about the drug and what |
| 0:43.8 | this all means for the company. I'm Melissa Lee Kumjilah from Studio Be at the |
| 0:47.2 | Nazak on the desk tonight. Tim Seymour, Dan Nathan, Guyadami, and |
| 0:50.3 | Cebedhae to Supermanian head of U.S. Equity and Quantitative Strategy at Bank of America Securities. |
| 0:55.4 | Welcome, Civita. |
| 0:57.3 | And we start off with a third day of massive losses for Invidia. |
| 1:00.6 | The semi-stocks sliding, almost 7% today, its biggest drop since mid-April, its |
| 1:05.3 | worst three-day decline since December 2022. |
| 1:08.8 | It is now down, 16% from the record high hit just last Thursday, shedding nearly a half a trillion dollars in market |
| 1:15.7 | cap in that time. |
| 1:17.1 | Today is moved dragging down the rest of the chip sector, Marvell technology, Qualcomm, |
| 1:21.0 | Taiwan Semi all seeing outsized losses, but the rest of Wall Street |
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