Nvidia’s Blowout Quarter, Fitch’s Warning, Exclusive: Toll Brothers CEO 5/25/23

<p>Carl Quintanilla and Jim Cramer began the show by breaking down Nvidia’s 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 “giant record year.” The anchors also turned to the broader markets as Fitch put the United States’ 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 “outperform”; Toll Brothers CEO Doug Yearley joined the show exclusively to discuss housing prices and the company’s latest quarter.</p><p><a href="https://www.cnbc.com/squawk-on-the-street-disclaimer/">Squawk on the Street Disclaimer</a></p>