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CNBC's "Fast Money"

Nvidia Earnings On Deck, and A Credit Card Mega-Merger 2/20/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 20 February 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of Nvidia dragged the semi space lower as investors awaited the chipmaker’s earnings report tomorrow. So can results surprise investors after the semi stock’s monster run? Plus… A major credit card deal… as Capital One scoops up Discover Financial for $35 billion. But will regulators get in the way of this payment space mega-merger? Fast Money Disclaimer

Transcript

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0:00.0

Indeed it does John thank you very much live from the NASDAQ market site in the heart of New York City's Times Square

0:06.5

This is fast money and here's what's on tap tonight a salty day for the chips and video

0:12.3

Crunched more than 4% ahead of earnings the rest of the sector also

0:16.4

suffering so is this the start of the thundering herd exiting one of the most crowded

0:20.9

trades on the street we'll debate that one for you.

0:23.2

Plus, China Rebound.

0:25.2

Are things on the mainland so bad they're about to get good?

0:29.2

We'll go inside Beijing's push to revive their beaten down markets and later a collection of

0:34.9

collectors how a VC heavyweight and a veteran TV producer are trying to juice

0:40.5

the memorabilia market they will join us to explain how this nearly happened to

0:43.4

explain how this nearly half a trillion dollar business can double in the next 10 years.

0:49.5

In for Melissa Lee, I'm Tyler Matis and glad you can be with us tonight.

0:53.0

Coming to you live from Studio B at the NASDAQ. On the desk tonight, Dan Nathan, Guyanami, and Stuart Kaiser,

0:59.4

head of equity trading and strategy at City. And we start with a chip wreck on Wall Street shares

1:06.7

of invidia sinking more than 4%. The day before its highly anticipated earnings report. The stock seeing its worst day, by the way, since October.

1:16.4

And it wasn't the only semi-stocks today. There you see some others.

1:20.2

Super Micro, AMD, and the SMH chip ETF, all seeing outsized losses.

1:27.0

Still, even with today's drop, Invidia is up 40% so far this year but is this the first sign of the air being let out of the

1:37.0

tires of the red-hot semi-trade and could tomorrow's results cause an even bigger

1:42.3

pullback guy let's begin with you this is a this is a

1:46.0

company that has just lit the fire on Wall Street for a long long time and that's

1:52.1

often the case where the kind of situation where if there's a

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