Pot stocks plunge after Reddit-fueled pop earlier this week: CNBC After Hours

CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC’s Frank Holland hits the massive plunge in cannabis stocks after Reddit traders piled into the space. Plus, CNBC’s Josh Lipton breaks down the ongoing global semiconductor shortage that is snarling production schedules of everything from pickup trucks to gaming consoles.

00:00 — Intro
0:40 — Stocks close mixed
1:37 — Weed stocks tank as Reddit trade loses momentum
2:57 — CNBC Soundcheck
4:32 — The global semiconductor chip shortage
6:44 — Numbers Round

50 Comments

  1. Barbara on August 16, 2022 at 4:24 am

    Why the he11 would you cover Pompeo’s 10,000 pens made in China but not cover the MILLIONs of dollars of the Biden Burisma SCANDAL? Deflecting?



  2. E J on August 16, 2022 at 4:25 am

    People: “This shortage of semiconductors is gonna be the end of us. We need more microchips”

    NNDM: “Hold my bear!”



  3. TutorialZone on August 16, 2022 at 4:26 am

    Prices going down?Sweet, everything’s on sale.💰 Im appreciative for this informative content.I remembered to smash the like button.



  4. Sean P. on August 16, 2022 at 4:28 am

    Wsb has moved morons.. you think it goes mainstream, starts being flooded with human minivans, and continues same as before? You’ll know where it moved next time it hits headlines



  5. Colossus Fitness on August 16, 2022 at 4:28 am

    Take this good show off your spam channel. I hardly watch it anymore because they are so hard to find.



  6. mr2wolfD on August 16, 2022 at 4:28 am

    just a pretty face feeding us lies. get bent woman



  7. Spaceman on August 16, 2022 at 4:28 am


  8. IR Bose on August 16, 2022 at 4:28 am

    Why are there so many Bitcoin scammers on YouTube comment section all of a sudden



  9. J.Chan on August 16, 2022 at 4:29 am

    I’m surprised Bumble wasn’t acquired by Match Group. I could see Facebook buying up ClubHouse in the near future.



  10. Dabby Charles on August 16, 2022 at 4:29 am

    I have been trading for seven to eight months now but no positive results, please any advice for a struggling trader at all? I do my best but it doesn’t work out for me.



  11. Austin H on August 16, 2022 at 4:30 am

    The chip shortage is partly due to those wonderful tariffs since USA has basically zero semiconductor production.

    Can’t jack taxes on imports of something you don’t produce locally without hurting the average joe (costs of electronics surging to compensate)



  12. Kennedy MBA on August 16, 2022 at 4:34 am

    Marijuana is a gateway drug and it smells awful; yet CNBC gives marijuana more airtime than any topic known to man. Stop promoting these stocks, I don’t want my children contemplating anything about marijuana



  13. Zachary Mitchell on August 16, 2022 at 4:35 am

    Oh yeah really



  14. IMO on August 16, 2022 at 4:35 am

    *Reddit has now been infiltrated by Wall Streets pushing and pumping stocks only to dumped them once the community pushes the price of the stock up. Wall Street is now using WallStreetBets to their advantage after the GameStop short squeeze.*



  15. Selvakumar Murugesan on August 16, 2022 at 4:39 am

    Why there is no shows on this week?



  16. Ozzy G on August 16, 2022 at 4:39 am

    Lies wsb never said anything about weed stocks the news made it up like the silver thing to distract people from buying GME and AMC I hope these people spreading lies rot in hell they cost people money because they are greedy trashcans



  17. Tiger Adams on August 16, 2022 at 4:39 am

    Only when you’ve sat with real analysts with years of trad!ng experience to their name and carefully briefed on how these market structure work, you’d just be a blind man trying to make his way in a city full of numerous equally blind people, from experience a dip in crypto mar:ket value is a very interesting yet advantageous part of how the mar:ket work, Btc and Eth(slight dip) can be attributed to the huge coin sales from investor of late. I’ve got a lot of crypto in my possession,but a dip has never been my problem, dips as just merely provide avenue to acquire more trad!ng equity, trad!ng definitely ticks the dot. Trad!ng through I serious business that should only be done under the right strategy and gu!de, I’ve readily employed using s!gnals from trade analyst Corey Wyatt while carrying out personal sessions with amazing returns, this way I accumulate crypto trad!ng and buy from dips like this. You can easily get to Corey on Gma!l📧 ( coreywyattmaxtrade (a)gmiål,çóm) or Te!iGram 📩 ( (a) Corey Trade ) for FOREX, STOCK and CRYPTO CURRENCY for related issues .



  18. Tony Vainosky on August 16, 2022 at 4:40 am

    I truly wish news anchors, journalists and other people writing/reporting on this topic would use a more formal term, like cannabis, rather than "weed." "Weed" diminishes what cannabis actually is – medicine. Glad to see the word cannabis used more in this clip 👏👏👏



  19. Craig Jackson on August 16, 2022 at 4:40 am

    The pens were made in China? Who makes $26.00 pens here? So what? Duh!



  20. HollywoodCole on August 16, 2022 at 4:41 am

    lol. Cannibis stocks area real thing ya know??



  21. iliketacos on August 16, 2022 at 4:42 am

    its 2031 and cannabis extracts are now the defacto supplement for everyone. people look at you crazy when you say you don’t dose.



  22. Chris Molloy on August 16, 2022 at 4:42 am

    😎



  23. EM on August 16, 2022 at 4:44 am

    This is becoming ridiculous, so everything that soar it’s all about redditors? I guess wall street market manipulators have found a strong alibi!



  24. raju naidu on August 16, 2022 at 4:47 am

    Weed stocks are high growth lol XD



  25. Flyboy2008 on August 16, 2022 at 4:47 am

    Ah yes and here we are, shortage of semiconductors and yet the media failed to touch of the underlying condition thoroughly. Lets keep outsourcing everything to China!🤨 They now have us by the balls with a monopoly on chips, what’s next?



  26. Lanes on August 16, 2022 at 4:47 am

    Super weird that they just drop the Pompeo segment in, like it’s relevant here at all. NOT!



  27. Jane Goodall on August 16, 2022 at 4:48 am

    pot stocks were not fueled by reddit wtf. Nice clickbait headline.



  28. Sean Mtak on August 16, 2022 at 4:49 am

    CNBC is once again the cannabis kiss of death. I wonder how many of you shorted the stocks before airing your 2/10/21 content.



  29. Matt Bond on August 16, 2022 at 4:53 am

    The pop started when Kamala Harris said her and Joe would decriminalize it in her VP debate with Mike Pence. You know this. Yet you continue to blame Reddit Bros. Just stop. All this false information



  30. John Talmage on August 16, 2022 at 4:53 am

    CNBC doesn’t provide market news…..
    ……..they provide market influence



  31. S H on August 16, 2022 at 4:54 am

    Bumble CEO: "We’re all here for equality", literally created an app that does not allow certain features based on the user’s gender. Suk mai bawl



  32. Davincij 15 on August 16, 2022 at 4:54 am

    I never knew stock market could be this lucrative until I invested with Mr Phillip Bolton.he keeps saving me from financial hurdles



  33. Brian on August 16, 2022 at 4:56 am

    Will you old people quit calling it “pot.”? Thanks



  34. SuperAnonymous1984 on August 16, 2022 at 4:57 am

    Stop buying junk Canadian cannabis stocks,
    Try buying good cannabis companies, like the industry leaders
    Curaleaf
    Trulieve
    Green Thumb Industries
    Cresco labs
    Only good cad stocks are
    High Tide
    Fire and Flower



  35. Reckless Records Gaming on August 16, 2022 at 4:59 am

    I was like #420 on a video about that sticky green bliss. What a wonderful world we live in



  36. Ayce Phenomenal Laflare on August 16, 2022 at 5:02 am

    Still lying huh Still Spreading Propaganda YOU GUYS WHILE HAVE YOUR TURN TRUST ME



  37. Cubic Zirconia Beard on August 16, 2022 at 5:03 am

    WOW so much information in this vid, "Semiconductors are in cars, phones, even laptops", you don’t say?



  38. Aaron Pitts on August 16, 2022 at 5:05 am

    #cannabisSativa



  39. lil bean on August 16, 2022 at 5:06 am

    CNBC is a pump and dumb channel



  40. Ta5 Lion on August 16, 2022 at 5:06 am

    Who tf made this with that cpu and why?



  41. christopher tran on August 16, 2022 at 5:10 am

    Blame reddit for everything



  42. Craig Jackson on August 16, 2022 at 5:11 am

    Long term, pot stocks look good from here. Check prices a year from now.



  43. Tiko-Traders on August 16, 2022 at 5:12 am

    "TLRY" May be trying to BREAK OUT !!!!! – YouTube



  44. kazuki nakamura on August 16, 2022 at 5:15 am

    Whatchu talkin about? With weed stocks I’m at an all time high!



  45. SmashKing17 on August 16, 2022 at 5:16 am

    Its not just reddit, investing. SNDL is a good investment it has huge potential



  46. CINDERELLA1.COM on August 16, 2022 at 5:16 am

    I AM A PERSON OF COLOR AND THE COLOR IS WHITE! WHEN IS WHITE HISTORY MONTH?



  47. Tureal TV on August 16, 2022 at 5:18 am

    You clowns blame everything on reddit now 😂😂😅😆😅



  48. keith Blain on August 16, 2022 at 5:22 am

    Dems pass bill to give $25M to Pakistan for gender studies, yet CNB chose to report a $10,000 wasted expense from a Republic. When will the Left stop the bias toward the Right.



  49. Kayla Cassell on August 16, 2022 at 5:23 am

    Citibank – "$318k Bitcoin 2021 year end"
    Billionaire Tim Draper – "$250k Bitcoin 2022 year end"
    Plan B stock to flow model – "$100k-$288k Bitcoin 2021 year end"



  50. eddyvideostar on August 16, 2022 at 5:24 am

    The stealth and slickness of any organization, Reddit WallStreetBets, GME, and other ilk-type of movements, are akin to a union: It screws and sabotages its own people and co-workers. They create "ugly ducklings" to ostracise and copulate. They subterfuge their own ordinary retail trader, whilst the hedge fund managers ARE TOO PROFESSIONAL, cachinnating with capital to recycle, rinse and repeat.