Nvidias Blowout Quarter, Fitchs Warning, Exclusive: Toll Brothers CEO 5/25/23

Published: May 25, 2023, 3:45 p.m.

b'Carl Quintanilla and Jim Cramer began the show by breaking down Nvidia\\u2019s stellar quarter getting a big boost from AI chip demand. The company easily topped earnings estimates and posted a shocking strong forward outlook, with CEO Jensen Huang saying the company was going to have a \\u201cgiant record year.\\u201d The anchors also turned to the broader markets as Fitch put the United States\\u2019 AAA long-term foreign-currency issuer default rating on negative watch, pointing to brinksmanship over the debt ceiling. Shares of Toll Brothers rallied after RBC upgraded the stock to \\u201coutperform\\u201d; Toll Brothers CEO Doug Yearley joined the show exclusively to discuss housing prices and the company\\u2019s latest quarter.\\nSquawk on the Street Disclaimer'