Closing Bell

Michael Truel, CEO of Cursor, discusses the company's impressive $2.3 billion fundraising and rapid enterprise adoption of its AI coding tool, boosting productivity by 40%. Meanwhile, CNBC's Melissa Lee reveals the concerning risks of insurance schemes sourcing cheaper medications from overseas, highlighting real patient stories. Mike Santoli analyzes the market's rotation away from high-momentum tech stocks towards safer investments, noting the health sector's resilience amidst broader market fears.

Yung-Yu Ma, Chief Investment Officer at PNC Asset Management, and Robert Kaplan, Former Dallas Fed president and current Goldman Sachs vice chairman, dive into the state of the economy and the Fed's potential actions. Ma argues that underlying economic health might necessitate rate cuts next year, influenced by labor market pressures like rising layoffs. Kaplan identifies the Fed's decision-making challenges, emphasizing the delicate balance of neutral interest rates and persistent inflation. Together, they offer a keen insight into market implications, particularly for tech stocks.

Tim Seymour, CIO of Seymour Asset Management and a CNBC contributor, shares insights on international markets and sectors poised for growth. Seema Modi, an on-site reporter at the New York Stock Exchange, dives into sector rotation away from tech and the current sentiment around AI. Commvault CEO Sanjay Mirchandani discusses the vital role of cybersecurity in an AI-dominant landscape, particularly exploring their innovative Unity platform. Also featured is a preview of Disney's upcoming earnings and the challenges they face in the current market.

Brian Belsky, CEO of Humulus Investment Strategies, shares insights on sector rotation, highlighting health care's strength amid a broadening rally. Lo Toney of Plexo Capital discusses AI infrastructure and the implications of hyperscaler spending, raising questions about potential M&A. Mike Santoli, CNBC commentator, provides a thematic analysis of the market's reaction to the Dow reaching 48,000. Christina Partsinevelos covers stocks moving into the close, including notable M&A and AI developments, setting the stage for future trends.

Mike Santoli, a Senior market commentator, shares insights on market volatility, explaining the divergent sector moves affecting the VIX and investor behavior. Jacob DeWitt, Co-founder and CEO of Oklo, discusses advanced nuclear reactors, emphasizing their fuel strategy and regulatory hurdles. The conversation dives into the economic impacts of a government shutdown and the potential consumer sentiment shifts, alongside updates on the crypto market and AI investments that have industry players buzzing.

Deirdre Bosa, a tech reporter specializing in AI and its market impacts, dives deep into the latest buzz surrounding AI investments. She examines SoftBank's sell-off of NVIDIA and Michael Burry's warnings about leveraging AI. The conversation also touches on Apple's cautious approach to AI, debated as a potential blessing. Bosa highlights AMD's ambitious analyst day, discussing their growth targets and new chip developments, while panelists weigh in on market strategies amidst rising macroeconomic uncertainty.

Highlights include a tech rebound spurred by NVIDIA's reassurance on supply issues, igniting market optimism. Analysts discuss the potential for rally momentum into 2026, while healthcare tax credits face Senate scrutiny. CoreWeave's rising earnings capture attention, alongside a look at Paramount Skydance's efficiency targets. The potential of a 50-year mortgage to enhance affordability is debated, along with U.S. soybean farmers' quest for Chinese buyers amid tariff changes. Insight into AI's power demands raises questions about grid capacity.

Tom Lee, co-founder of Fundstrat Global Advisors, dives into the robust AI fundamentals and market relief from the recent government shutdown. Glenn Kacher, founder of Light Street Capital, offers insights on AI adoption timelines, emphasizing which tech stocks to embrace or be wary of. CNBC's Mike Santoli contextualizes market volatility and the interplay of macro data with investor sentiment. Together, they dissect the future of AI investments, Bitcoin correlations, and the potential for a year-end market rally.

Steve Altimus, co-founder and CEO of Intuitive Machines, shares insights into his company's ambitious plans for lunar landings and a deep-space communications network. He discusses the recent $800 million acquisition of Lanteris, which boosts their capabilities. Altimus envisions a 'Verizon from the Moon' model to operate satellite constellations. With upcoming NASA contracts in the mix and challenges of the government shutdown, he highlights the strategic moves necessary for success in the rapidly evolving space economy.

In this insightful discussion, guests include Jim Paulsen, a macro strategist, Mark Mahaney, an internet research head, Catherine Boyle from Andreessen Horowitz, and Capitol Hill reporter Emily Wilkins. The conversation dives into the potential shifts away from tech investments as AI valuations cool. Mahaney analyzes gig economy earnings, revealing crucial investor insights. Boyle discusses the Pentagon's impact on defense tech startups, while Wilkins updates listeners on the latest from the government shutdown negotiations.