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Squawk on the Street

Nvidia Earnings Countdown, Buffett's Berkshire Joins the $1T Club, Super Micro Plunges 8/28/24

Squawk on the Street

CNBC

News, Investing, Business

4.1567 Ratings

🗓️ 28 August 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Jim Cramer and David Faber kicked off the show with a look at what to expect from the most-anticipated earnings report of the year: Nvidia's quarterly results due out after Wednesday's close of trading. The anchors also previewed Salesforce's after-the-bell earnings -- and discussed what the company's CEO Marc Benioff told Jim after Salesforce's Q1 results sent the stock tumbling back in May. Also in focus: Warren Buffett's Berkshire Hathaway hits a $1 trillion valuation and sells more shares of Bank of America, AI darling Super Micro plummets after delaying its 10-K filing, retail earnings roundup. Squawk on the Street Disclaimer

Transcript

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0:00.0

It's Jim Kramer here.

0:01.3

You're listening to the opening bell of CBC's Squawk on the Street.

0:04.7

Don't miss a minute of the action. Good Wednesday morning. Welcome to Squawk in the Street. I'm David Faber, along with Jim Kramer. We're live from Post 9 at the New York Stock Exchange. Carl has the morning off. Let's give you a look at futures. Jim and I like to call this hump day. being a Wednesday.

0:21.0

It's also in video day, of course,

0:22.5

if you haven't heard already,

0:23.5

after the bell, we're going to get the earnings. Jim and I like to call this hump day. Being a Wednesday, it's also Nvidia Day, of course.

0:22.5

If you haven't heard already, after the bell, we're going to get the earnings from that bell.

0:26.4

Whether our roadmap does begin, in fact, with that very name.

0:29.3

We are on Nvidia Watch.

0:31.5

We're going to have a countdown clock soon enough.

0:33.5

The semiconductor giant set to report it will be after the bell.

0:36.3

Big implications for the broader market, for technology companies, for AI.

0:42.9

I mean, who knows what else could be at stake here.

0:46.5

Billionaire Warren Buffett, billionaire, greatest investor of all time, Warren Buffett.

0:51.3

I mean, really? Come on, guys.

0:53.1

Unloading more B of A shares, Berkshire parsing

0:55.4

its massive and profitable stake yet again, although they still own a lot of shares. We'll get to that. And we'll also have the latest read on the consumer, Nordstrom, Abercrombie, Foot Locker, PVH, all report earnings. I'm ready for every one of those. Say again, you'll What?

1:09.6

I'm ready.

1:10.6

You can hit me on that.

1:11.6

Oh, good.

1:12.6

I'm looking forward to hit you on a lot.

1:13.6

All right, we'll start though with N for every one of those. Say again, you'll what? I'm ready. You can hit me on that.

...

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