SOTS 2nd Hour: Top Tech Picks, A Billionaire Spending Spar, and Davos Deep Dives w/the CEO of Pinterest & SHEIN’s Exec Chairman 1/23/25

Squawk on the Street

CNBC

Business, News, Investing

4.1 • 567 Ratings

🗓️ 23 January 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla and David Faber – alongside Sara Eisen, live from the World Economic Forum in Davos this hour – broke down the latest for stocks on a busy morning for earnings. Tech a key focus after the sector’s best day since November: why one T Rowe Price Portfolio Manager says there’s more room to run, and his top picks in the space. Plus, a look at the stocks set to benefit from Trump’s big AI Stargate Project according to Wells Fargo. Also making headlines: a spending spar between billionaires… Elon Musk, OpenAI’s Sam Altman, and Microsoft’s Satya Nadella trading public blows over Stargate funding – with fresh developments during the hour. Additionally: Sara discussed the latest on the consumer front, 2025 regulation concerns, and more - with the CEO of Pinterest and the Executive Chairman of SHEIN, both live from the World Economic Forum in Davos during the hour.

Transcript

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0:00.0	I'm Carl Kintanao with David Faber here at Post 9 of the New York Stock Exchange.
0:14.0	Sarah is in Davos of the World Economic Forum.
0:17.0	A lot more from Sarah coming up this hour.
0:20.0	In any time, watching the markets, we came off those record highs yesterday, around 6,100.
0:23.6	Little softer today.
0:24.6	6082, Dow holding on to some gains up about 80.
0:29.6	Some big movers were watching.
0:30.6	GE Aerospace is the top gainer in the S&P after blowing past estimates.
0:34.6	Electronic Arts going in the opposite direction, slashing some
0:38.0	full-year guidance due to bookings on some underperforming games. And Apple is the worst-performing
0:43.4	Mag 7 name on the year now, firmly in correction territory as Goldman cuts their target down to
0:49.6	280. Meantime, the S&P tech sector is coming off the best day since november powering both the
0:54.5	smp and the nasdaq as we said to those fresh record highs joining us this morning teiro
0:58.8	price portfolio manager tony wong he runs the tero science and tech fund 10 billion in assets
1:04.7	under management some top holdings include invidia alphabet meta and microsoft tony good to see you
1:10.0	thanks for kicking off the hour.
1:12.8	Absolutely. Thank you.
1:14.4	Are you seeing some divergences within tech?
1:17.3	We talked a bit about some softness in Apple.
1:20.2	Microsoft has been a focus lately.
1:22.7	Are there some winners and losers taking shape in this early part of the year?
1:27.3	Yeah, I think that what we're seeing is, you know, going forward, there's a big focus on AI still.
	...

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