The latest read on the semi space, and are EVs in for a mega meltdown in demand? 10/31/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 31 October 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

AMD shares on the move after the chip maker posted its latest earnings report. We dig in on the numbers and bring you all the details from the quarter. Plus EV inventories are up more than 500% from a year ago. What it means for the electric car space and for the biggest player in it. Fast Money Disclaimer

Transcript

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0:00.0	All right, everybody live from the NASDAQ market site in the heart of New York City's
0:05.4	Times Square.
0:06.4	This is Fast Money, and here's what's on tap tonight.
0:09.0	A semi-slump shares of AMD dropping after its latest earnings report drops as revenue
0:15.3	guidance falls, shortest expectations.
0:18.1	We're dialed into the conference call and bringing you all the details from the quarter.
0:22.2	Buffs, a cat, a stripy shares of the farm equipment maker posting their worst day in 18 months
0:28.7	despite a massive earnings beat.
0:30.7	What's going on?
0:31.7	The hidden warning signs that set the company's stock plunging.
0:34.8	We'll explore that.
0:35.8	And later, an EV meltdown.
0:38.6	That's the stark warning from one top analyst.
0:41.3	So what happens to the sector if demand dries up?
0:45.6	And will it all leave Tesla in the dust?
0:48.4	Good afternoon, everybody.
0:50.1	I'm Tyler Matheson, in from Melissa Lee, coming to you live from Studio B at the NASDAQ.
0:54.1	And on the desk tonight, Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami.
0:59.8	Meantime stocks, eking out again today, but major indexes all wrapping up October with
1:04.1	a third straight month of losses.
1:07.3	The Dow down more than a percent this month, the S&P shedding more than 2 percent, both
1:12.0	indexes, posting their longest losing streak since early 2020.
	...

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