Previewing Nvidia’s Investor Day, Robinhood Releases New Cash Cards & ConsenSys Founder and CEO Joseph Lubin on Blockchain Technology 3/22/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 22 March 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with Jacob Asset Management Chairman and CIO Ryan Jacob weighing in on the risks of owning large-cap stocks in the current environment, and our Julia Boorstin reports on Disney outlining plans to address the fallout from its response to Florida’s “Don’t Say Gay” Bill. Next, CNBC’s Kristina Partsinevelos reports on Nvidia ahead of the start of the chipmaker’s Investor Day, and Bernstein Senior Semiconductors Analyst Stacy Rasgon offers additional insight on what to expect from the event. Then, CNBC’s Frank Holland covers cybersecurity as the White House warns Russia could expand digital attacks against the U.S., and CNBC’s Kate Rooney discusses trading platform Robinhood announcing cash cards and savings accounts for customers. Later, blockchain start-up ConsenSys Founder and CEO Joseph Lubin joins after the company’s valuation doubled following its latest funding round, and our Julia Boorstin returns for a look at NBCUniversal’s push to compete with Meta and Google for advertising market share. 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 Deerreboza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Welcome to Tech Check. I'm Carl Kintania with John Ford and Dear DeBosa. This hour, Disney employees walk out. CEO Bob Chepec responds. We've got details live from the company's headquarters. Plus, Baba with this
0:38.3	enormous buyback. Shares are up double digits today, 50% in the last week. And then cyber
0:44.0	attacks, top of mind for Washington. Octa shares down after suffering its own breach reportedly
0:49.4	will have what stocks could benefit from investments in that space, D.
0:53.6	Carl, we're going to start with the markets.
0:55.3	And asdaq snapping a four-day winning streak.
0:58.1	Comments from Fed Chair Powell signaling more aggressive rate hikes.
1:01.5	That put pressure on stocks yesterday.
1:03.5	That has not been the story for the prior week, though, when we have seen a ferocious rally.
1:08.0	And some stark moves in the mega caps, Nvidia, Tesla, Amazon, and
1:11.3	meta, all of double digits, alphabet, excuse me, and Microsoft and Apple.
1:16.9	Those are also outperforming.
1:18.4	We talked about Anna Plan yesterday, BTIG, giving you another idea this morning, initiating
1:22.5	on Datadog at a Buy stocks rallying over the last week, but it is still down to start the year.
1:28.7	This is a stock that has fared better than many others in the tech and especially cloud
1:33.3	sector. Guys, it's another day, though, of big gains for the NASDAQ.
1:37.2	We're seeing this outperformance, John, up 1.6%.
1:40.2	Yeah, I mean, I'm not convinced. I don't know. I mean, everything seems to be up, roughly speaking, technology-wise, since that, what was it, March 14th low,
1:52.3	and the mega-caps are following suit.
1:54.0	A lot of growth stocks higher as well, Carl.
1:56.4	But there's been so much volatility that it's hard to draw a storyline versus just kind of like
	...

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