meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

Nvidia Hits $5T Valuation, Boeing and Adobe CEOs, Fed Decision Day 10/29/25

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 29 October 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, Jim Cramer and David Faber drilled down on a historic day for Nvidia: The chip giant became the first company to reach a $5 trillion market cap. Boeing CEO Kelly Ortberg joined the program to discuss the jet maker's wider-than-expected Q3 loss and taking a charge of nearly $5 billion related to 777X delivery delays. The anchors interviewed Adobe CEO Shantanu Narayen about the company ramping up its AI offerings. Also in focus: New record highs for stocks ahead of Wednesday's Fed decision on rates, Caterpillar surges and leads the earnings parade, why one particular stock plummeted by more than 40%. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

It's Jim Kramer here.

0:01.3

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

0:04.7

Don't miss a minute of the action.

0:13.7

Good Wednesday morning.

0:14.8

Welcome to Squawk in the Street.

0:15.8

I'm Carl Ketani, with Jim Kramer, David Faber, Post-9 of the New York Stock Exchange.

0:19.4

This streak of all-time high is going to get supported today by NVIDIA, set to open

0:23.2

with a $5 trillion market cap, even as some companies not exposed to AI, miss, or cut guidance

0:29.1

in restaurants, hospitality, housing, and retail. Fed decision at 2 o'clock.

0:34.1

Romant begins with another major milestone for NVIDIA.

0:36.8

Share is higher in the

0:37.6

pre-market, taking that chip giant's market cap to the cusp of $5 trillion for the first time.

0:43.1

Plus the Fed front and center decision on interest rates and Chair Powell's news conference. That

0:48.1

will be later today. And Boeing, it goes cash flow positive. It's the first time in two years that has achieved that state.

0:57.2

But it also takes a massive hit on delays to the Triple 7X. CEO Kelly Orkberg will join us exclusively in this hour.

1:04.8

Let's begin with Nvidia poised to hit that $5 trillion market cap at the open. The number to watch is 205.76. Shares rising a day

1:12.8

after Jensen Wong said Nvidia expects $500 billion in AI chip orders. Also offered praise for the

1:18.6

president. We're talking to our Christina Parts of Nevelos yesterday on power lunch. Take a listen.

1:24.7

We're making America great again. I think all of his policies relating to energy and manufacturing and all of his enthusiasm

1:35.3

behind artificial intelligence and making sure that American AI technology is the standard of the world,

1:42.3

that it's diffused maximally and making sure that the rest

1:46.9

of the world has the benefit of American technology so they can build on top of it. All of that

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.