Nvidia Pops on Strong Earnings, Sonos CEO on the Quarter & Activision Blizzard Taking the Heat

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 18 November 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

CNBC’s Jim Cramer joins our anchors to kick off this morning’s show covering Nvidia and Alibaba post-earnings and UBS naming Square a top pick. Then, CNBC’s Dom Chu has the breakdown of what’s driving the tech sector’s rally. Next, Sonos CEO Patrick Spence joins after the company reported a strong forecast, even though sales missed estimates for the quarter. Later, CNBC’s Josh Lipton is here to cover Activision Blizzard taking the heat after reports showed CEO Bobby Kotick knew of sexual misconduct at the company for years. And later, we return to Nvidia with BMO Capital Markets Analyst Ambrish Srivastava who has an outperform rating on the stock. Plus, we have the details on Amazon teaming up with Starbucks to launch a café in Manhattan. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.
0:07.6	Happy Thursday. Welcome to Tech Check. I'm John Ford with Carl Kintenea and Julia Borsten. Deirdre is off.
0:13.5	Today, Nvidia just keeps heading higher. Look at that up 9% crossing 800 billion in market cap. Why Kramer is saying could be the
0:24.0	first $10 trillion company and where it goes from here. And then a look at Alibaba as that stock
0:29.1	plunges and continues its ride lower shares now 50% off their highs of the year. And finally,
0:35.7	we are talking on hardware, software, and a whole lot more
0:38.7	with the CEO of Sonos as that company reports record results despite the supply chain slowdown,
0:44.6	but not quite enough units, not as many as they would like for December. Carl?
0:50.1	All right, John, let's begin with Nvidia. As you said, stocks up again this morning,
0:53.8	led the S&P at the open, this relentless climb higher for the stock, beating on the top and the bottom lines. Pretty good bullish guidance through the end of the year. The world's largest chipmaker on an incredible run, up more than 140% year-to-date.
1:06.7	Kramer is back with us. We are so grateful, Jim, as we've had a couple more hours to process.
1:11.5	You know, I was just thinking about the price action going into the print because there was a big run-up,
1:15.6	and then we sort of treaded water for a week or two, but clearly investors are feeling more confident
1:22.1	about what they weren't so sure of yesterday.
1:24.2	Well, I think that what's happened is that investors are realizing, and Jensen makes no point,
1:28.1	Jensen Wong, but fantastic CEO, makes the point pretty much at the top as he did in his
1:33.0	keynote that it's not a semiconductor company. It's just not. It's a software company that has,
1:39.2	it's a platform company where software writers, 25 million strong around the world, use them.
1:44.3	And the platform is used for gaming.
1:46.4	The platform is used for supercomputing.
1:49.5	A platform is used for all sorts of applications in the Omniverse.
1:53.9	So if you view it as a software company that has tremendous growth, then the price
	...

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