Squawk on the Street SOTS 2nd Hour: A Chip On Your Shoulder, Retail Records, and A Tesla Bear-Turns-Bull 12/2/24
Dec 2, 2024
Craig Irwin, an analyst at Roth Capital known for his expertise on Tesla, discusses his recent upgrade of Tesla's stock to a buy rating after years of skepticism. He explains the positive momentum around Tesla's self-driving technology and changing market dynamics. The conversation also highlights booming holiday retail trends and performance from tech giants like NVIDIA and Apple. Additionally, they touch on Intel's leadership challenges and its impact on the semiconductor industry, providing insights into the evolving landscape of both tech and retail sectors.
AI Snips
Chapters
Transcript
Episode notes
Dollar Dominance
- President-elect Trump threatens BRICS nations with tariffs if they challenge the U.S. dollar.
- Sara Eisen analyzes the dollar's status, noting its dominance but acknowledging diversification trends.
Intel CEO Departure
- Intel CEO Pat Gelsinger stepped down after three years.
- Ben Reitzes suggests Intel needs a leader to reassure the government and refocus on products.
Tesla Upgrade
- Craig Irwin upgrades Tesla to a buy, citing the company's last quarter of relative weakness.
- He believes new conservative buyers and positive catalysts will drive demand and stock price.