Squawk on the Street Nvidia CEO's CES Keynote, Apple Hit With a "Sell" Rating, Meta-Mania from Fact-Checking to UFC 1/7/25
Jan 7, 2025
In a lively discussion, the team delves into Nvidia's game-changing AI advancements showcased at CES, pushing its stock to new heights. They react to Apple's recent downgrade to 'sell' and explore Meta's strategic pivot from fact-checking to appointing UFC CEO Dana White to its board. The conversation takes a humorous turn as they analyze Tesla's downgrade and Ulta's leadership changes amid shifting market trends. With insights on mergers and industry dynamics, the episode highlights significant moves in the tech landscape.
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NVIDIA's AI Focus
Jensen Huang emphasized that AI agents and self-driving cars represent multi-trillion dollar growth opportunities. NVIDIA's focus on robotics and AI positions them ahead of competitors like Amazon.
Apple's Stock Downgrade
MoffettNathanson's downgrade of Apple to 'sell' reflects concerns about the company's stagnant sales and reliance on AI without significant investment. Apple benefits from others' AI investments.
Jensen's Keynote Style
Jim Cramer noted Jensen Huang's impressive presentation style, including his leather jacket. Cramer remarked that Huang was focused on intellectual content rather than showmanship this time.