Netflix Doubles From One-Year Lows, and Microsoft’s AI Move to Amp Up Search 1/10/23

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 10 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Netflix rose another 4% today, bringing it to its highest close since April. Should you ride the rally, and will it bring the rest of big tech with it? Plus Microsoft reportedly looking to invest in the technology behind the popular ChatGPT app. What that could mean for its efforts to cut into Google’s search dominance.

Transcript

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0:00.0	Right now at Bass Streamings, come back kid, Netflix flying higher once again today after
0:06.5	hitting rock bottom last May.
0:08.1	It is at a Wednesday, Adams thing or a stranger thing or maybe a Megan Harry thing inside
0:13.9	the rebound of the potential tech impact coming up.
0:16.4	Plus, the chat GBT effect, what a deal with Microsoft pose a real threat to search giants
0:21.4	like Google.
0:22.4	While the world of open AI is so in focus right now.
0:25.9	And later, Guy and Tim Byeroff, their 2023 acronyms, like 1990, on the musty combination
0:35.1	of precious plays, I think I got a lot of hard, that was for my part out hitters, I must
0:41.9	be.
0:42.9	I was young man.
0:43.9	We'll spell it all out straight ahead.
0:44.9	I'm Melissa Lee.
0:45.9	This is Bass Money.
0:46.9	We're live at the Nasdaq Market site.
0:47.9	In the hard time square on the desk tonight, a full house, Tim Seymour, Karen Parderman, Dan
0:52.5	Nathan, and Guy Adami.
0:54.5	All right, we start off the tonight with the big Netflix reboot chairs of the streaming
0:58.3	giant rallying nearly 4% today to post their highest close since last April.
1:02.7	The stock is now more than doubled from its May lows and is the best performing name
1:07.0	in the Nasdaq 100 over the last six months.
1:10.3	Media stocks, by the way, I've been having a strong start to the year too with Warner
	...

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