Wall Street Gears Up for Nvidia's Big Earnings Report 5/28/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 28 May 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about what to expect from Nvidia when the chip giant reports quarterly results after Wednesday's close of trading. What's at stake for the AI trade? Rates also in the spotlight: New data show mortgage rates hitting highs not seen since January -- and President Trump elaborates on his push to take Fannie Mae and Freddie Mac public. The anchors reacted to FHFA director Bill Pulte's blunt call for Fed Chair Jerome Powell and his fellow policymakers to cut interest rates. 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. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintanilla with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange. Pre-market adding to some gains after the best day in more than two weeks. Big day for earnings with some retailers this morning. Of course, Nvidia, Salesforce tonight. Yields are a bit higher after a soft 40-year
0:21.7	auction in Japan, weakest demand in almost a year. A roadmap begins with the countdown to
0:26.9	Nvidia. The chip giant said to report after the bell, investors squarely focused on the impact
0:31.6	of these export restrictions of China. President Trump is looking to take Freddie Mac and Fannie Mae
0:36.8	back to the public markets.
0:38.2	He does say the government would retain guarantees and an oversight role of both of those mortgage lenders.
0:44.9	And a number of big retail names were out with earnings, what the guidance is saying about the impact of tariffs and the impact on the consumer.
0:53.4	Let's begin with the markets gearing up for Nvidia tonight, followed by Jim's big
0:57.5	interviews with CEO Jensen Wong.
1:00.4	You've got a very busy day today.
1:02.0	Yeah, and this is Folkram.
1:04.5	I mean, these are the people, enterprise software is Mark Benioff, semiconductors, but also some
1:09.8	software is Jensen, politics is Jensen.
1:13.5	We're going to cover China, obviously.
1:15.6	But remember, there's the rest of the world that apparently the president's really helping him get orders.
1:20.4	We've got to figure out whether, David, this is all data center, which is way people want to contain the thinking and china shut down
1:29.5	whether there's something bigger going on here but the next generation chips are really
1:34.3	going to make it so that the robots are real what does video mean if you can ingest i thought
1:39.6	it was very interesting that julian stern from the journal talking about everyone can make a movie
1:43.7	how much of that is?
1:44.5	Well, I was talking about it yesterday with you guys. And you remember V-O-3? I mentioned it about 10 times,
1:50.0	because it freaked me out when I was watching all that stuff over the weekend.
	...

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