Nvidia’s Big Quarter… And Target’s Holiday Sales Warning 11/20/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 20 November 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

All eyes on Nvidia as the AI chip darling reports results. How to trade that name, and how those earnings will impact the whole semi space. Plus Target ringing the alarm bells ahead of the holiday season. Could consumer spending habits be slowing down? And is this just a Target-specific problem? Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square. This is fast money.
0:04.0	Here's what's on tap tonight.
0:05.0	InVicia in focus. Shares of the semi-giant just about 1% lower right now after its latest report bouts in around after hours.
0:12.0	The conference call just getting underway. We are dialed in to bring you all the details and all the trades.
0:16.0	And way off target, shares of the discount retailer crushed after posting its biggest earnings missed in two years,
0:22.8	why the company is struggling against Walmart and the rest of its competitors.
0:26.2	And what is the strategy to turn things around?
0:28.4	Plus, sell it all.
0:30.2	That is a chartmaster's call for this high-flying crypto play.
0:33.4	The tale of the technicals on micro strategy coming up.
0:36.7	I'm Melissa Lee.
0:37.3	Come to you live from Studio B at the NASDAQ on the desk tonight.
0:39.5	Karen Feinerman, Dan Nathan, Guy Adami, and Rebecca Patterson, former chief strategist at Bridgewater.
0:45.7	We start off with NVIDIA's big Q3 earnings report, the AI Darling's latest quarter, crushing
0:50.2	Wall Street estimates, revenue nearly doubling from a year ago as its AI chip business
0:54.4	accelerates shares, which had tripled this year heading into the report, well off their after
0:59.3	hours lows. CNBC's Christina Parts Nevelis is back here with us on set and it's got the numbers.
1:04.5	Christina. You just talked about it. 94% increase in revenues, 112% increase in data centers
1:09.7	just year over year, gross margin 75%.
1:12.6	They beat across all fronts, including their categories from gaming, I mentioned data centers,
1:16.6	and yet the stock initially fell 2%, then down 1%.
1:19.6	The problem is there's been so much of an emphasis on guidance.
	...

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