Nvidia's Q2 Beat and the AI Trade, Fed's Cook Sues Trump Administration 8/28/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 28 August 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging conversation about Nvidia and what's next for the stock and the AI trade. The world's most valuable company posted a Q2 earnings beat, but the stock fell in reaction to lighter-than-expected data center revenue growth -- and a Q3 outlook that did not include H20 chip shipments to China. The anchors also discussed the lawsuit Fed governor Lisa Cook filed against the Trump Administration, contesting the president's move to fire her. Also in focus: The retail earnings parade led by Dollar General and Best Buy, Snowflake soars, upheaval at the CDC. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market moving insight and analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla,
0:04.9	on the opening bell hour of CNBC Squawk on the Street.
0:08.4	The opportunity ahead is immense.
0:12.2	A new industrial revolution has started.
0:15.1	The AI races on.
0:18.0	InVidious Jensen Wong talking AI demand on last night's earnings call.
0:21.5	Good Thursday morning.
0:22.3	Welcome to Squawk in the Street.
0:23.2	I'm Carl Kintanao with Jim Kramer, David Faber, Post-9 of the New York Stock Exchange.
0:26.9	NVIDIA is down slightly pre-market, but off the morning lows, as futures have also recovered some.
0:31.7	A lot of beaten raises from names like Snowflake, Dollar General, Burlington, and some other retailers.
0:36.7	GDP does get revised up a bit and claims are
0:39.3	steady our roadmap begins with invidia reporting record sales upbeat guidance and this massive stock
0:44.6	buyback we'll get the streets take on the results tesla sales plunge in europe this is chinese
0:49.4	rival b y dc's it's sales triple we're going to discuss the road ahead for Tesla, and of course, it's CEO Elon Musk.
0:57.0	We've also got a number of retailers reporting earnings this morning.
1:00.0	Best Buy is higher, Dollar General, and Victoria's Secret, also rallying, that is, their stocks,
1:06.0	in early trading off those numbers.
1:08.0	Let's begin with Nvidia this morning. Top and the bottom line beat.
1:11.2	AI demand fuels this 56% jump in data center revenue. That result was just shy of analyst
1:16.5	estimates. Current quarter guidance, slightly above consensus, although the company says it did
1:20.5	not include the H20 shipments to China, also unveiling the $60 billion share buyback Jim.
	...

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