CNBC's "Fast Money" Semi Stocks Diverge… And Jobs Report Impact On The Fed 9/5/25
Sep 5, 2025
Scott Gottlieb, former FDA commissioner and board member at Pfizer and Illumina, discusses the stark divide between Nvidia and Broadcom in the semiconductor market. He delves into the implications of a weaker jobs report, which raises the prospect of a September rate cut by the Fed, signaling a potentially weakening economy. Gottlieb also examines how this volatility in tech stocks could influence broader market dynamics, alongside concerns about sustainability in the AI sector amidst these economic challenges.
AI Snips
Chapters
Transcript
Episode notes
Market Cap Rotation In AI Stocks
- Broadcom's $10B AI order sparked a sharp rotation from NVIDIA into Broadcom, reflecting shifting investor preference within AI names.
- The move suggests market-cap reallocation can occur quickly when one firm signals durable AI revenue leadership.
Growth Narratives Drove Relative Moves
- Traders viewed Broadcom's update as sustaining multi-year AI revenue growth while NVIDIA signaled slower future growth.
- That contrast fueled a near-term valuation re-rate favoring Broadcom's diversified, accelerating trajectory.
Watch For Gap-Fill After News Pops
- Intraday exhaustion patterns (gapping up then closing low) signaled thin follow-through despite news-driven rallies.
- Carter Worth expects gaps like Broadcom's pop will often be filled, warning of weak landing after huge volume spikes.