Squawk on the Street Nvidia's Q2 Beat and the AI Trade, Fed's Cook Sues Trump Administration 8/28/25
15 snips
Aug 28, 2025 The conversation kicks off with Nvidia's impressive Q2 earnings, despite concerns over future chip shipments and data center growth. Tensions in the AI trade are also explored, highlighting geopolitical challenges, especially in China. The hosts dive into Fed governor Lisa Cook's lawsuit against the Trump Administration, raising questions about presidential powers. Retail earnings from Dollar General and Best Buy reveal shifting consumer habits, while Snowflake's surge signals a bright future in AI solutions. Personal anecdotes add a light-hearted touch amidst the market chatter.
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Don't Panic Over Inventory Buildup
- Treat inventory rises at NVIDIA as buildup for complex system assembly, not soft demand.
- Avoid selling into knee-jerk concerns; consider the manufacturing lead times Jim describes.
'Long Thinking' Marks Next AI Phase
- Jensen Huang highlighted 'long thinking' as the next wave of AI capabilities beyond simple prompts.
- Cramer says long-thinking enables deeper, lawyer‑level research and higher-value AI use cases.
China Access Will Be Limited And Politicized
- NVIDIA is actively discussing China access for advanced models but expects constrained, moderated versions rather than full Blackwell.
- Geopolitical controls and White House caution create a regulatory gating factor for China sales.