TechCheck with Guy Adami & a Conversation with Scott Wapner | Okay, Computer. Podcast

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 30 October 2024

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Guy Adami joins for a special pod to discuss developments surrounding semiconductor companies, particularly NVIDIA and AMD, and their impact on market dynamics. They investigate AMD's recent performance and guidance within the context of the growing AI ecosystem and competition with NVIDIA. The episode also covers the volatile stock movements of Super Micro, Dell, and CDWC, examining factors such as market cap trends and competitive pressures. Shifting focus, they analyze Google and Meta's strategic integration of AI to boost ad revenues and market positioning, emphasizing Google's recent positive earnings report. The episode wraps up with insights into the fluctuating fortunes of Snap and the ascent of Reddit in the digital advertising space. Dan Nathan is joined by CNBC’s Scott Wapner, known for hosting ‘Halftime Report’ and ‘Closing Bell.’ The episode marks Scott's first appearance since December 2021, aiming to replicate their casual conversations over a formal podcast setup. They reminisce about Scott's career journey, from his pre-CNBC days to hosting prominent shows, discussing the market dynamics over the years, especially in the backdrop of the financial crisis. Wapner also delves into his sports memorabilia collection, his interactions with sports figures, and evolving market commentary. Highlights include the critical role of financial crises in shaping market perspectives, responsibility in stock recommendations, and the nuances of hosting market-focused shows. The conversation shifts to sports, discussing MLB's Dodgers-Yankees rivalry and the rising valuations of sports teams, touching on the impact of private equity in the sports market. Checkout Scott's Book 'When the Wolves Bite' — View our show notes here Learn more about Current: current.com Listen to 'Strategic Alternatives': https://www.rbccm.com/en/gib/ma-inflection-points Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod. We’re on social: Follow @dee_bosa on Twitter Follow @GuyAdami on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Welcome to a very special edition of OK Computer. I say that every once in a while. It's the days that my
0:07.9	main man, Guy Adami, joins me. He is my co-host on On the Tape. He is my co-host on Market
0:13.1	Call. I've been sitting on the fast money desk with him, not as long as he's been on, but it's been a
0:17.7	fun 15 years for me. Guy, welcome to the pod. Every okay computer is a
0:22.3	special drop, but, you know, I'm honored to be here. This is actually a fascinating day to be doing
0:27.8	this, given all the news we've heard over the last 24 hours. Yeah, no doubt. It's Wednesday,
0:32.4	October 30th. We're recording this shortly after the open. Just a quick programming note. After this
0:39.4	discussion with Guy and myself, I sat down very recently with Scott Wapner. He is the host of the
0:45.1	halftime report on CNBC and also the closing bell. So stick around for that. We had a great
0:49.2	conversation, really spanning a whole host of things, his career, and a bunch of stuff as it relates to markets
0:55.0	and some of the folks that he covers on the big hedge fund beat. So check that out.
0:59.0	All right, guy, we've got to start with the semis here. It feels like it's been sort of a one-way
1:03.8	trade for like two years almost right now, and that's NVIDIA, and we get what's going on there.
1:08.6	We don't have to spend a lot of time there. But there's this ecosystem that was created in the stock market in and around it, right?
1:14.0	When people were thinking, who are the competitors?
1:16.0	That was AMD.
1:17.1	Who are the memory providers to the servers?
1:19.4	Who are the server providers?
1:20.8	Where did they go into the hyperscalor sort of universe, right?
1:24.1	And so there was this kind of whole food chain or so. And you and I have been covering
1:28.3	this now for months and months that a bunch of these stocks, Micron, AMD, Dell, Super Micro,
1:35.5	join the party a little bit. If the only sort of names that had been benefiting from a market
	...

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