Nvidia's Blowout Q3 and Huang's AI Bubble Message, Walmart Beats, John Malone Exclusive 11/20/25

Squawk on the Street

CNBC

Business, News, Investing

4.1 • 567 Ratings

🗓️ 20 November 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber covered all of the bases on Nvidia and what's next for the AI trade. The world's most valuable public company sparked a global market rally after posting blowout Q3 results and raising guidance. The anchors reacted to Nvidia CEO Jensen Huang's earnings call comment dismissing AI bubble fears. Walmart shares also rose higher on better-than-expected quarterly results and raised guidance. In an exclusive interview, David and media mogul John Malone discussed everything from a potential Warner Bros. Discovery deal to tech regulation. Also in focus: The September jobs report released after being delayed due to the government shutdown. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market Insight and Analysis.
0:01.8	You're listening to the opening bell of CNBC, Squawk on the Street.
0:06.0	There's been a lot of talk about an AI bubble.
0:09.6	From our vantage point, we see something very different.
0:15.2	Viti is Jensen Wong on last night's call as the company posts those blockbuster results.
0:19.8	Good Thursday morning.
0:20.6	Welcome to
0:20.9	Squawk on the street. I'm Carl Kingtonio, Jim Kramer, David Faber here at Post 9 of the New York Stock Exchange.
0:25.4	Bulls definitely getting some relief between NVIDIA's quarter. Walmart's raised guidance. This
0:30.1	better than expected but delayed jobs number for September. 119K doubled the estimate, although
0:35.8	the unemployment rate does take higher to the highest since 2021.
0:39.8	Our roadmap begins with Nvidia's latest results in that bullish guidance.
0:42.7	We'll talk about it.
0:43.4	This signals a green light for the AI trade in the bull market.
0:46.5	Plus, Walmart does report on earnings beat.
0:48.8	It also raises its fullier outlook what the retail giant is saying about the health of the consumer and tariffs
0:54.4	as well. It's also Liberty Media's Investor Day. It's kind of around one company at this point,
1:00.2	but it also means that exclusive annual interview with its chairman, John Malone. We'll talk about,
1:06.2	of course, the landscape of media overall on what is this deadline day, at least, for first-round bids for
1:11.7	Warner Brothers Discovery.
1:13.4	Let's begin, though, with Nvidia sparking this global rally in stocks, the world's most
1:17.2	valuable company posting a Q3B, raising revenue guidance for the current quarter to $65
	...

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