Nvidia Extends Friday Slump, Fmr. Pres. Trump on TikTok Ban and Facebook, Bitcoin Hits $72K 3/11/24

Published: March 11, 2024, 2:43 p.m.

Carl Quintanilla, David Faber and Mike Santoli kicked off a new week with a look at Nvidia's impact on the markets. The stock extended its decline from Friday's wild reversal that sent the chip sector below its 52-week high. What would a momentum unwind look like? A chips analyst joined the show to explain why he raised his price target on Nvidia from $900\xa0to $1,200. The anchors reacted to what former President Donald Trump told CNBC about a potential TikTok ban -- as well as Facebook being an \u201cenemy of the people." Also in focus: Bitcoin's fresh record high above $72,000,Reddit's IPO terms and roadshow, 15 years since the "Haines Bottom."\xa0 \n\n\n\n\n\nSquawk on the Street Disclaimer