Squawk on the Street SOTS 2nd Hour: Nvidia Hits $4T, The Battle of the Kevins, Exclusive: Snap CEO 7/9/25
6 snips
Jul 9, 2025 
David Zervos, Chief Market Strategist at Jefferies, delves into potential candidates for the Federal Reserve, discussing how political influences shape monetary policy. Meanwhile, Evan Spiegel, CEO of Snap, shares insights on his company's future and reveals exciting developments regarding new augmented reality glasses. The conversation captures the rapid evolution of tech stocks like Nvidia, breaking into a historic $4 trillion valuation, and highlights challenges faced by the advertising sector amidst changing market dynamics.
AI Snips
Chapters
Transcript
Episode notes
Nvidia's Valuation Grounded in Cash Flow
- Nvidia's $4 trillion valuation is based on strong free cash flow, not speculative future growth.
- Nvidia benefits from other companies' CapEx spending, increasing its market confidence.
Tariffs Lose Shock Value in Market
- Market optimism amid trade tensions drives tech rallies despite tariff uncertainties.
- Traders now see tariff-related dips as buying opportunities, reflecting momentum and fear of missing out.
Samsung Surges Ahead in AI Phones
- Samsung advances AI-enabled foldable phones surpassing Apple's current AI efforts.
- Apple is taking a gap year in AI development but may license technology instead of building its own.