SOTS 2nd Hour: EXCLUSIVE: Nvidia CEO, plus AI Expert Takeaways & Trump’s Fired FTC Commissioner Fires Back 3/19/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 19 March 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

A huge interview this hour – Nvidia CEO Jensen Huang alongside Jim Cramer. David Faber, Sara Eisen, and Michael Santoli broke down the latest for the stock ahead of the action with an analyst from Piper Sandler, before Jensen and Jim dove into a wide-ranging deep-dive: covering everything from AI demand to new robotics technology. Afterwards, AI expert and CSIS Director of the Wadhwani AI Center Gregory Allen discussed key headlines – and why China still remains a risk here. Also in focus: the Fed on deck – with a rate decision, new economic forecasts, and Chair Powell’s news conference coming this afternoon. Plus – President Trump making headlines after firing both Democrat commissioners at the FTC: and one of them joined the team to discuss. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Wednesday morning and welcome to Squawk on the Street. I'm Sarah Eisen with David Faber and Mike Santoli.
0:05.4	We are live, as always, from Post 9 of the New York Stock Exchange.
0:08.4	A big interview just moments away.
0:10.0	Our Jim Kramer sitting down with NVIDIA CEO, Jensen Wong, ahead of the company's analysts meeting today, talking everything from AI demand to the road ahead.
0:18.4	First, let's show you what's happening with markets today.
0:20.5	A better day for the Bulls, the S&P rising 6 tenths of 1%. And technology is playing a role. You do have the NASDAQ coming back by about 8 tenths of 1%. It's still down for the week. It's been a bumpy road lately. Finanials are doing well today, industrial, so some of the cyclical groups having a good day.
0:38.3	But communication services and information technology are higher, and that's what's different, for instance, from yesterday,
0:43.3	where we saw big declines in that space take the market down. As for treasuries, it's a big Fed day today. We are seeing the 10-year yield a little bit firmer, just above 4.3%. The two-year yield,
0:56.0	a little above 4%. Got some good industrial production numbers out, record high. Hard to see
1:00.7	going into recession with record high industrial production. It is a big day for the Fed. A rate decision
1:05.2	2 p.m. Eastern, followed by Chair Powell's news conference 30 minutes later. We're going to get into
1:09.9	that later in the show.
1:11.3	Also what to expect as far as the dots. We get the forecast for the Fed on inflation and growth
1:16.4	and where they see rates. But the stock story of the day is NVIDIA. At least 17 Wall Street
1:21.3	firms reiterating their buy ratings on the stock this morning after a headline-filled keynote
1:26.2	from the CEO, Jensen Huang, at the company's
1:29.0	GTC conference. Our next guest joins us live from the event ahead of our big interview.
1:33.4	Harsh Kumar from Piper Sandler has a $175 price target by rating on the stock.
1:39.0	Harsh, the big headline seems to be the CAP-X, right? The trillion trillion dollars of CAPEX spending on data centers by 2028.
1:47.0	Was that your takeaway?
1:49.0	Yes.
1:50.0	So the company is incredibly well positioned.
	...

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