Special Report: Tech Earnings, Venture Debt & Hollywood on Strike 7/14/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 15 July 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

CNBC's Deirdre Bosa previews earnings next week from Netflix and Tesla. Cathie Wood, Ark Invest CEO, to discusses the A.I. space, ARK’s ETF hitting an 11-month high and what stocks she is watching in the tech space. Emil Michael, former Uber chief business officer, discusses the recent stock pop, competition in the space and more. Plus, Hollywood on strike and venture capital loans disappear.

Transcript

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0:00.0	Happy Friday everyone. Welcome to a special edition of Tech Checkin. What a week it was for
0:09.3	Tech? We're ending on a down note the Nasdaq closing lower closing lower by a percent day but the rest of the week
0:15.1	it was a one big rip higher outperforming the down the s&P 500 outfit has been all year
0:20.3	big tech the xlk smaller, more speculative stocks, software
0:23.7	Summ is E-Com. They all ended the week higher and we're headed right into the
0:27.7	next big catalyst. Next week we will get earnings from Netflix and Tesla.
0:31.8	Tech companies will start to reveal what the second quarter was like for business,
0:36.0	what the outlook is for the rest of the year.
0:38.0	We've got software budgets, consumer spending, and of course AI.
0:42.0	How much it actually contributed to the bottom line perhaps less
0:46.0	height more dollars we shall see right now we are digging into Kathy Woods flagship
0:50.6	Ark Innovation ETF also rebounding this year, AI
0:53.6	mania falling inflation, easing recession fears. That is all
0:57.4	powering speculative tech. The E. T. F. hit an 11-month high today. Take a
1:01.6	look at that chart,
1:02.7	outperforming even mega caps like Microsoft,
1:05.5	Alphabet, and Apple, fueled by top two holdings,
1:08.5	Tesla and Coinbase, which have doubled this year or more,
1:12.2	most of ARXX other disruptive tech funds
1:14.4	with similar or even better performance,
1:16.3	there's ARGW that targets next generation internet.
1:19.5	There's also ARGF focusing on FinTech and blockchain. Both of those rallying more than 60% this year.
	...

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