Nvidia's Backstop Deal Just Made Every Bank a Bag Holder

**Dan Nathan** (0:00)
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**Guy Adami** (0:56)
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**Dan Nathan** (1:01)
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**Guy Adami** (1:08)
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**Guy Adami** (1:23)
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All right.

**Dan Nathan** (1:58)
Welcome to a very special edition of the OK Computer Podcast. I am Dan Nathan. I am joined by Guy Adami.

**Guy Adami** (2:05)
Hi, Guy. I'm not probably the most frequent guest on the OK Computer, but I've been on a few times. It's like I was on the Options Action back in the day.

**Dan Nathan** (2:13)
Correct. You were the head fill-in for Options Action from 2000, probably in 10 up until its end. I want to say in 2023 or so. I was on from 2009 to 2019
There was just a lot of good stuff going on when you'd fill in for my co-host.

**Guy Adami** (2:28)
Risk less, make more.

**Dan Nathan** (2:30)
The fact that you remember that is heartwarming to me and Max Meyers and to Amanda Diaz, by the way, who worked on that show for many, many years. She really enjoyed producing you, Guy. Let's be really clear on that as you worked on the Fast Money and the Options Action.
Producers are going to produce and she tried to produce the hell out of you.

**Guy Adami** (2:48)
All right.

**Dan Nathan** (2:48)
Podcast today, we're reusing a bit of the content from Market Call yesterday, but we thought this would be really interesting conversation. You know, you had this huge deal with Nvidia and all the major private equity and private credit guys and Goldman Sachs. And we're going to go through that. Intel had this big equity raise. And we'll talk a little bit about where a lot of these companies in the build out of the CapEx, where they're getting their cash from.
And just there's so much going on as it relates to all the interconnectivity of a lot of these names. And I think on the other side of earning season, you have Cisco that's coming out today after the close. You're listening to this on Wednesday. I'm very interested to hear what they have to say. Their AI revenue has been growing off a very low base, but very fast. But they've also been highlighting the fact that they've been constrained, or at least their margins have, Guy, from rising memory costs.

**Guy Adami** (3:40)
Yeah, you know, I think we had that big interview, as you mentioned, and it was a who's who, obviously sort of championed by Jensen Huang, sitting in the middle of the table, Becky Quick.
The lack of performance in the aftermath, in terms of some of these stocks, to me, is noteworthy. And I'm not trying to cast dispersions here, but there's a term in economics, point of diminishing marginal returns. And I think we're starting to get there, in terms of these continued announcements over and over again. Six months ago, I think, and you can't do the counterfactual, I think something like this would have gotten the market up to two, two and a half percent individual names, anywhere from three to five percent. I don't think that would have been out of the realm of possibility. And now you're just not seeing it. So I think it's absolutely something to watch a bit more close than the market is, I think, paying attention to.