Tech's Rough Ride, Gearing Up for Nvidia Earnings, Tesla Out of the $1T Club 2/26/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 26 February 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

With the Nasdaq and S&P 500 each down four sessions in a row, Carl Quintanilla, Jim Cramer and David Faber covered all of the bases on tech: Everything from Tesla's valuation falling below $1 trillion -- to Nvidia's key earnings report due out after Wednesday's close of trading. Also in focus: Meta's AI data center strategy, General Motors' dividend hike and new stock buyback program, retail earnings from Lowe's and TJX, Eli Lilly unveils its U.S. expansion plan, what Robinhood CEO Vlad Tenev told Jim on "Mad Money" about the Trump administration. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:06.0	Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kington-A. with Jim Kramer, David Faber,
0:10.1	post-9 of the New York Stock Exchange. S&P's trying to reverse that first four-day loss of the year,
0:15.5	and futures do suggest some optimism about NVIDIA and Salesforce earnings tonight.
0:20.3	House budget resolution narrowly passes,
0:22.7	got a cabinet meeting today, 10-year near 4 and a quarter. Our roadmap begins with TechWatch,
0:27.8	though, Nvidia shares with some traction ahead of the earnings later this evening, and Tesla seeking a
0:32.8	rebound after its market cap tumbled below a trillion. Plus, Meta's latest AI play reportedly talking about a $200 billion AI data center project. Sorry, I'm just telling you. Forget what I just said. No, no, Ben Rice just came out and said, listen, it's being denied. We're still going to talk about it. Denied? Really? Denied? Well, look, I mean, autos in focus as well.
0:56.0	GM raises its quarterly dividend.
0:58.0	Stalantis, sorry.
1:00.0	Medics are sinking.
1:02.0	A loss.
1:03.0	Lucid, by the way.
1:04.0	CEO's out.
1:05.0	I know.
1:06.0	I could video with it.
1:08.0	Are we on?
1:09.0	Let's begin.
1:10.0	Yeah, we're on. Let's begin with the markets.
1:11.6	Tech is trying to rebound amid this recent weakness and shares of Nvidia and Tesla today.
1:16.6	Jim Wells calls it the mocopylips, the momentum reversal, which they think is kind of coming
1:22.9	to an end.
	...

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