Nvidia Soars After Earnings, and Markets Skittish as Debt Deadline Approaches 5/24/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 24 May 2023
⏱️ 44 minutes
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| 0:00.0 | Right now in fast, can't stop, won't stop, shares of Nvidia roaring higher after hours |
| 0:04.4 | to stock up nearly 20% after blowing the doors off earnings and telling the street AI is |
| 0:09.3 | going to keep the party rolling. |
| 0:10.8 | The move, the conference call highlights and the ripple effect on the market straight |
| 0:13.9 | ahead. |
| 0:14.9 | Plus the Tesla Tumble, Elon Musk's EV brand taking a massive hit and a closely watched |
| 0:19.3 | brand reputation hold the company following 50 spots from just outside the top 10 to |
| 0:24.5 | number 62, the details behind the plunge and the potential stock impact coming up. |
| 0:29.3 | And later in 90's fashion favorite, making a monster stock come back today, told |
| 0:33.5 | brothers talking about a potential M&A land grab and a look at the energy names, golden |
| 0:37.7 | things could be very undervalued. |
| 0:39.6 | I'm Melissa Lee, this is fast money, relaxing as like Marketsite on the desk tonight, |
| 0:43.2 | Tim Seymour, Courtney Garcia, Steve Brasso, and Diodami. |
| 0:46.6 | We start off with an earnings alert on Nvidia shares hitting all time highs in the after hours |
| 0:51.0 | after the chipmaker posted a top and a bottom line beat, the stock adding $150 billion |
| 0:56.2 | dollars, counting to its market cap after this report. |
| 0:59.4 | That call just getting underway, let's get straight to Christina Parks, Neville is with |
| 1:02.6 | the latest, Christina. |
| 1:03.6 | Well, market cap over Berkshire Hathaway and already high valuation trading at 70 times |
| 1:07.9 | forward P.E. |
| 1:09.3 | And the stock, like you said, is still soaring above 20%, hitting an all time high, |
| 1:14.0 | inching closer and closer to that trillion dollar market cap, which is pretty substantial |
... |
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