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CNBC's "Fast Money"

Nvidia’s Rough Week… And Why Users Start & Stop GLP-1 Drugs 1/31/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 31 January 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Nvidia wrapping up a rough week, as the chip giant enters bear market territory. The concerns surrounding China’s DeepSeek AI model, and if the chip crunch has our traders rethinking tech’s leadership. Plus.. weight loss drugs taking the market by storm, and a new study is diving deeper into why consumers are starting and stopping usage. The factors contributing to their decision, and what it means for the entire obesity drug space. Fast Money Disclaimer

Transcript

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0:00.0

Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

0:07.0

Here's what's on tap tonight.

0:08.5

Under pressure, NVIDIA shares sinking over 15% this week as deep sea can trade fears roiled the semi-sector.

0:15.3

Is this finally the start of the great rotation out of tech?

0:18.4

We'll debate that.

0:19.4

And a new study into the reasons patients stop

0:21.6

and restart using weight loss drugs. We'll talk to the lead author to find out what it could

0:25.9

mean for the GLP1 market. Plus shares of deckers get decked after earnings. The chartmaster lays

0:31.4

out his potential breakout stars. And the NASDAQ 100 turns 40, how the index has changed over

0:36.8

the years and what it says about investor appetites. I'm Melissa Leak. I'm Delafroom Studio. Be at the NASAC 100 turns 40, how the index has changed over the years and what it says about investor appetites.

0:39.6

I'm Melissa Leak, I'm DeLacham-Dak from studio, be at the NASDAQ on the desk tonight.

0:42.7

Tim Seymour, Courtney Garcia, Dan Nathan, and Carter Braxton Worth.

0:46.5

We're going to get to the NVIDIA sell-off in just a moment, but we do want to start with a sweeping announcement from the president that sent stocks sharply lower late in the session, Trump confirming the tariffs on Canada, Mexico, and China will go into effect tomorrow

0:58.4

in promising levies are coming for chips, energy, and metals.

1:02.5

CNBC's Megan Kassela's got all the latest. Megan.

1:05.4

Melissa, we just finished hearing from the president from the Oval Office, spent about 30 minutes

1:09.3

talking to reporters and clarifying

1:10.9

his views on all of these points saying that, yes, those tariffs will be taking effect beginning

1:15.7

tomorrow. It's going to be 25% on Canada and Mexico, 10% on China. He says it's going to be

1:20.5

entirely because of the flow of fentanyl. He also said, quote, we are not looking for a concession,

1:26.3

suggesting that at this point, there is nothing

1:28.2

left that any of the three countries could do in order to escape those tariffs taking effect

...

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