CNBC's "Fast Money" Meta’s Rally Keeps Rocking… And A Major AI Safety Warning 9/24/26
12 snips
Sep 24, 2026 
Karen Feinerman, Metropolitan Capital Advisors managing director; Dan Nathan, market strategist and options trader; and Tim Seymour, emerging-markets investor, examine Meta’s soaring Muse-fueled rally and the AI arms race. They tackle rising Treasury yields, data-center financing risks, NVIDIA’s valuation, Oracle’s delays, Trump-Xi talks, Costco’s results, and Gary Marcus’s call to halt OpenAI over alleged cybersecurity failures.
AI Snips
Chapters
Transcript
Episode notes
Rates Rise As Inflation And AI Capex Collide
- Hawkish Fed commentary, stronger manufacturing, rising labor costs, and persistent oil inflation are pushing markets toward a potential hiking cycle.
- Tim Seymour still favored Nvidia because he viewed it as leading the AI arms race and controlling much of the ecosystem.
Markets Price A Renewed Fed Hiking Cycle
- Markets priced in as many as three additional rate hikes, potentially lifting rates 75 to 100 basis points by early spring.
- Steve Leisman tied the repricing to oil, prolonged Middle East disruption, and Fed officials demanding clearer evidence that inflation is returning to 2%.
Meta Needs Transactions To Justify Its AI Rally
- Meta's Muse launch and new hardware drove a powerful rally, but the investment case depends on eventual transaction revenue rather than device sales.
- Karen Finerman found the products impressive while acknowledging that Meta had not explained the potential market size or fee structure.