Closing Bell

Dan Niles, founder and portfolio manager at Niles Investment Management, discusses AI, semiconductors and shifting market leadership. He outlines his preference for the Google ecosystem, database and security plays. Conversations cover NVIDIA and Broadcom positioning, risks to asset-heavy sectors from AI disruption, and where investors might seek refuge if disruption widens.

Deirdre Bosa, CNBC tech reporter in the Bay Area offering Silicon Valley color. Anastasia Amoroso, Partners Group strategist with macro and private markets expertise. They debate whether the sector-wide AI sell-off is deserved. They map which industries face real disruption, timeline for agentic AI, productivity gains, and where selective buying opportunities may lie.

Contessa Brewer, CNBC correspondent who covers corporate earnings and interviews company executives. She discusses Expedia’s odd share reaction despite beats and DraftKings’ beat with worrying guidance and user trends. Short takes on AI disruption across travel, gaming, and tech. Conversation highlights earnings-driven market moves and competitive pressures.

Richard Saperstein, founding principal and CIO at Hightower Treasury Partners, outlines his ideal portfolio today in light of recent market churn. He discusses trimming munis, boosting select stocks, opportunities from tech dislocations, the long-term case for hyperscalers, sector rotation dynamics, and where durable software and AI-related bets fit in a shifting market.

Steve Grasso, market trader who focuses on sector moves and stock selection, and Kate Rogers, CNBC correspondent covering corporate earnings, dive into market rotation, energy strength, and McDonald's strong results and after-hours reactions. They discuss hardware versus software shifts, oil-driven leadership, and what recent earnings moves mean for investors.

Nancy Davis, founder and CIO of Quadratic Capital, a specialist in volatility and rates. Tom Lee, managing partner at FundStrat, a macro and market strategist. They discuss where to invest amid record highs and laggards. Topics include interest-rate volatility and protective plays, TIPS and related ETFs, valuation debates, AI-driven sector rotations, and the split between cyclicals and mega caps.

Quick recaps of the trading day, movers, and sector winners. Bond market reactions, PCE trends, and Fed-related labor cost signals. Deep dives into earnings beats and misses across tech, auto, and retail. AI tools reshaping wealth management and advisor workflows. Global markets outpacing the U.S. and shifting opportunities in Japan and emerging markets.

Leslie Picker, CNBC banking reporter sharing on-the-ground consumer and broker moves. Lauren Goodwin, New York Life Investments portfolio manager discussing macro, allocations and AI trends. They cover rotation from megacaps into cyclicals, AI’s infrastructure pull, international and emerging market opportunities, and fresh reporting on big corporate bond moves.

Pippa Stevens, a business and markets reporter specializing in commodities and metals. She breaks down lithium and uranium rallies. She discusses inventory draws, reactor restarts, and why investors are circling metals. Short, market-focused talk on what is driving recent metals momentum.

Bill Miller IV, CIO and chairman of Miller Value Partners known for active, crypto-friendly investing. He discusses where Bitcoin might find a bottom and defends crypto versus gold. Conversations also cover the AI-led tech rebound, shifting market breadth away from pure tech, and whether software has hit peak uncertainty.