Closing Bell Closing Bell Overtime: AI Boom: Blessing or Curse? 8/8/25
Aug 8, 2025
Mike Santoli, CNBC's Senior Markets Commentator, shares his insights on market trends and highlights the recent surge of the Nasdaq driven by tech titans like Apple and NVIDIA. Matt Garman, CEO of Amazon Web Services, dives into the impact of AI on business and addresses challenges in the software industry, referencing Twilio's recent struggles. They discuss the importance of adaptability in education, the significance of trade negotiations, and caution against economic risks from concentrated investments in technology.
AI Snips
Chapters
Transcript
Episode notes
Mega-Cap Tech As A Safe Haven
- Mega-cap tech acted as a safe haven amid tariff and labor volatility.
- Investors parked cash in familiar names, driving Nasdaq to record highs.
S&P Concentration Risks Are Elevated
- The S&P shows extreme concentration with a handful of stocks dominating market weight.
- That concentration raises valuation risk if those leaders can't sustain outsized profitability.
Tech Gains Haven't Yet Lifted Broad Earnings
- Recent returns are concentrated in the MAG-7 while broader market earnings lag.
- Charlie and Jose argue diffusion of tech across industries is needed for sustained, broad-based growth.