CNBC's "Fast Money" Major moves in semi stocks... And what’s next for oil 9/2/26
26 snips
Sep 2, 2026 
Guy Adami, founding trader and market commentator; Dan Nathan, options trader and investor; and Steve Grasso, NYSE trader and analyst, dissect Broadcom’s results, Nvidia’s proposed mega-buyback and Snowflake’s AI-fueled momentum. They debate bank stocks, rising rates and oil, explore a Venezuela deal’s market and national-security stakes, and assess Berkshire’s bullish case for Alphabet.
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Broadcom’s Consensus Hides Investor Doubt
- Broadcom’s modest beat looks less compelling beside Nvidia’s consistently exceptional results and Marvell’s much stronger share-price momentum.
- A heavily bullish analyst consensus can coexist with investor skepticism when valuation and competitive risks remain unresolved.
Nvidia Could Turn Cash Into A Buyback
- Nvidia could use a larger buyback to reduce its share count and support the stock during periods of weakness.
- A $500 billion repurchase would equal roughly 10% of market capitalization, but an opportunistic program between the existing authorization and that figure may be more realistic.
Snowflake Turns AI Usage Into Cloud Demand
- Snowflake’s raised product-revenue outlook shows AI adoption is increasing demand for cloud data infrastructure.
- More than 2,000 customers began using its AI tool Cocoa, bringing total adoption above 9,000 despite competition concerns.