Squawk on the Street Broadcom Extends AI Sell-Off, Lululemon CEO to Step Down, Chipotle CEO Interview12/12/25
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Dec 12, 2025 Scott Boatwright, CEO of Chipotle Mexican Grill, shares insights on the company’s innovative new menu options, including the 'Build Your Own' concept that’s gaining traction. He explains how Chipotle is tackling high beef prices by pivoting towards chicken and barbacoa. The discussion touches on pricing strategies to attract cost-conscious consumers and the rigorous testing process for new menu items to ensure operational efficiency. Boatwright also highlights the healthy labor supply supporting Chipotle's expansion plans.
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Broadcom Sell-Off Is Overblown
- Jim Cramer argues Broadcom's quarter was very strong despite market selling on one lower-margin rack business.
- He sees Broadcom as diversified across major AI customers, making the sell-off an overreaction.
Systems Versus Merchant GPUs
- Broadcom positions itself as a cost-effective systems provider versus building in-house or using merchant GPUs like NVIDIA.
- Jim Cramer says platform chips (Vera Rubin, Richard Feynman) could enable reasoning and be transformative for AI.
Federal AI EO Could Face Court Limits
- The White House AI executive order centralizes federal AI rules and limits state regulation by withholding funds.
- Jim Cramer warns legal challenges will likely constrain federal overreach.