ZoomInfo CEO Henry Schuck on Q3 Results, White House Cyber Czar Anne Neuberger on Ransomware & Chegg CEO Dan Rosensweig on Earnings Beat 11/2/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 2 November 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with CNBC’s Kristina Partsinevelos breaking down chipmaker AMD’s latest earnings, and CNBC’s Dom Chu analyzes several key tech stocks that have rallied and fallen since the last Fed rate hike. Next, our Julia Boorstin discusses FCC Commissioner Brendan Carr calling on the U.S. government to ban TikTok, and CNBC’s Frank Holland covers Bank of America’s double downgrade on enterprise software firm Twilio. Then, ZoomInfo Founder and CEO Henry Schuck weighs in on the software company’s latest results, and Piper Sandler analyst Harsh Kumar offers his take on the volatility affecting semiconductor stocks. Later, CNBC’s Eamon Javers shares highlights from his interview with White House Cyber Czar Anne Neuberger, and Chegg CEO Dan Rosensweig takes a deep dive into the education platform beating estimates in Q3.

Transcript

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0:00.0	I'm Dear Troboza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:07.8	Good Wednesday morning. Welcome to Tech Check. I'm Deerbos with John Ford. Carl has the morning off.
0:12.3	Today, a ton of movers to get to. We're talking Airbnb, Intuit Match Paramount.
0:17.4	Andy A will hear what management is saying about the consumer inflation, hiring, and how that is all impacting results.
0:24.0	Plus, Zoom Info and Chegg, they are heading in opposite directions this morning.
0:28.5	The CEOs of both those companies, they're with us this hour.
0:31.6	And finally, two big bear calls, B of 8 double downgrading Twilio.
0:35.4	Meanwhile, Evercore laying out seven reasons to sell block, John.
0:39.7	Wow, that's a lot. But we've got yet another angle for you to start our feed this morning,
0:45.0	and that is Chips. AMD confirming the PC slowdown. They warned about a month ago.
0:50.1	Still bullish on Data Center, though, and that stock is higher so far this morning.
0:54.1	We're also going to get more data on the difference in demand between consumers versus auto and industrial customers when Qualcomm reports tonight.
1:03.5	Christina Parts Nevelace is with us for more on both companies.
1:06.7	Hey, Christina.
1:07.5	Now, hello, John.
1:08.9	So, like you mentioned, data center sales really helped cushion the blow with AMD's latest
1:13.4	earnings.
1:14.2	You got a miss on the top and bottom line, Q4, guided lower, and that's because of weaker PC
1:19.2	sales driving the client segment closer to what I could maybe call a bottom down 40% year
1:24.6	over year.
1:25.4	Andy CEO says PC sales will actually continue to decline in Q4 and in 20203 down 10%.
	...

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