Squawk on the Street SOTS 2nd Hour: Nvidia’s China Chip Shipments, Under-the-Radar Retail Metric, New State AI Laws 12/22/25
23 snips
Dec 22, 2025 Scott Wren, a Senior Global Equity Strategist at Wells Fargo, shares insights on sector rotation towards industrials and the implications of a modest economic outlook. Bill Kirk, a Senior Research Analyst at Roth Capital, reveals a new app-download metric that highlights consumer trends for holiday shopping, while also discussing Costco's challenges. Christina Partsenevalos, a CNBC tech reporter, provides updates on Nvidia’s potential chip shipments to China and the complexities around U.S. export regulations affecting the semiconductor industry.
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App Downloads Signal Holiday Winners
- App downloads are a timely under-the-radar indicator of holiday retail winners.
- Walmart and Target climbed in downloads as last-minute shoppers favor in-store pickup via apps.
Costco Facing Structural Convenience Gap
- Costco's value-only model faces headwinds as convenience gains importance post-food inflation.
- Slowing membership growth and traffic raise medium-term earnings risks despite past reliability.
Walmart's Generational Convenience Shift
- Walmart's investment in online and neighborhood reach is a generational shift in convenience.
- Walmart.com now competes broadly with smaller retailers via endless-assortment capability.