Power Lunch

Your midday look at the top business stories with @SullyCNBC and @KellyCNBC. Weekdays at 2p ET on CNBC.

[Brian Sullivan @SullyCNBC]

Including the drop right now, Nvidia has now lost $2 TRILLION in investor value in a month.

$NVDA's market cap loss is larger than all of Meta, six of Intel or three combined ExxonMobils

Expensive stuff.

[CNBC @CNBC]

Nvidia prepares to oust Jensen Huang, WSJ reports — stock sinks further https://t.co/agpjBgDgic

[Brian Sullivan @SullyCNBC]

Critical on the grou .. er, on the water … intel.

[Power Lunch @PowerLunch]

Nvidia prepares to oust Jensen Huang, WSJ reports — stock sinks. $NVDA
https://t.co/X4zm87Lqup

[Power Lunch @PowerLunch]

“It’s a daily risk assessment.”

International Seaways CEO Lois Zabrocky explains why her company’s tankers aren’t traversing the Strait of Hormuz yet. $INSW
https://t.co/xb61wsqXbk

[Power Lunch @PowerLunch]

Treasury Secretary Scott Bessent has moved from his Washington home to a military base amid growing threats, a person familiar with the situation told CNBC.
https://t.co/PydHmsNzLV

[Power Lunch @PowerLunch]

“We’re not out of the woods.”

@Piper_Sandler’s Craig Johnson explains why he’s skeptical about today’s relief rally. $SPY $QQQ
https://t.co/MxGi76tQ6l

[Power Lunch @PowerLunch]

“It really looks like a hit job on Nvidia and on Jensen [Huang].”

Tech investor @Moonalice weighs in on calls for the Nvidia CEO to resign after his affair with an alleged Chinese spy. $NVDA
https://t.co/JIRAXxA0I5

[Power Lunch @PowerLunch]

Baird downgrades Nvidia, slashes price target to $200 from $500. $NVDA
https://t.co/50DoZbX3HZ

[Power Lunch @PowerLunch]

Read more about it: https://t.co/9MazcVtNKE

[Power Lunch @PowerLunch]

Nvidia hires law firm Wachtell Lipton to conduct an investigation of CEO Jensen Huang. @seemamody reports. $NVDA
https://t.co/eLdZaAhZfc

[Power Lunch @PowerLunch]

Pres. Trump was reportedly told about Jensen Huang’s relationship with an alleged Chinese spy during a flight to China in May. @EamonJavers has the details. $NVDA
https://t.co/2okBTrGYTG

[Power Lunch @PowerLunch]

Nvidia stock is “silly cheap,” says @MizuhoAmericas’s Jordan Klein.

He explains why now is the time to buy $NVDA, despite the Jensen Huang controversy.
https://t.co/iW9X0UTZex

[Power Lunch @PowerLunch]

Anthropic sets IPO price range of $70 to $78, looks to start trading Nov. 19, sources say.
https://t.co/OUkEpMhyYY

[Power Lunch @PowerLunch]

Read more about it: https://t.co/33ie47oySc

[Power Lunch @PowerLunch]

The controversy swirling around Jensen Huang isn't stopping one trader from making a massive bet on Nvidia.

@OJRenick breaks down the $100 million trade on $NVDA.
https://t.co/gvfmRDmC0V

[Power Lunch @PowerLunch]

"If Jensen [Huang] is no longer at Nvidia, stock is down 25-30%."

@Divestech weighs in on the potential fallout from the controversy surrounding $NVDA.
https://t.co/c1ewE7Nlu5

[Power Lunch @PowerLunch]

"The potential criminal exposure here is quite significant."

Former DOJ Assistant Attorney General @JKBustertruster breaks down the potential legal fallout at Nvidia. $NVDA
https://t.co/fkCIoQ0uIM

[Power Lunch @PowerLunch]

"I don’t see the tech industry slowing down."

@PGE4Me's Patti Poppe discusses data centers, electricity costs, and energy policy.
https://t.co/52VfJX6fSO

[Brian Sullivan @SullyCNBC]

Two points here at @Edison_Electric conference:

NVDA / Huang scandal being seen as potential POSITIVE for others in AI and chips and data centers. Stocks up across board.

NO ONE pulling electricity demand growth estimates lower. If data centers aren’t built in one state, they’ll be built in another.

See you on @PowerLunch in a few