Analyzing AMD's Position Against Nvidia and the Cyclical Nature of the Industry

Carl Quintanilla, David Faber and Sara Eisen wrapped up the week with market reaction to major banks kicking off earnings season -- JPMorgan Chase, Wells Fargo and Citi each posted Q2 beats, but Wells shares took a hit. The Producer Price index for June came in hotter-than-expected, one day after tamer CPI fueled investor hopes for a Fed rate cut in September. The anchors also discussed Thursday's tech selloff, Russell 2000 surge and sharp decline in "Magnificent 7" stocks. Tesla snapped its 11-day win streak on a report of a Robotaxi launch delay. On Friday, UBS slapped the EV maker with a "sell" rating. Also in focus: AT&T falls after its hack disclosure and drags another stock down with it, "2nd Half Playbook" on the chip sector.

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