CNBC's "Fast Money"
Can Tech’s Growth Plans Keep Fueling The Rally? And Losses From California’s Wildfires 1/24/25
Jan 24, 2025
Join Rebecca Patterson, former chief strategist at Bridgewater, as she dives into the tech sector's current momentum. She discusses how major players like Meta and Nvidia are shaping market dynamics and the impact of their AI investments. The conversation also addresses the economic fallout from California's wildfires and its implications for the housing market, highlighting the rising costs for displaced residents. Patterson's insights offer a compelling look at the intersection of tech growth and macroeconomic trends.
43:35
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Quick takeaways
- Major tech companies like Meta are significantly increasing investments in AI, potentially sustaining market momentum and attracting investor interest.
- The California wildfires may cause $35 to $45 billion in damages, primarily impacting localized housing markets while the broader supply remains stable.
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