Squawk on the Street Apple's Big Event, Microsoft Leads M&A News, 30 Years of "Squawk Box" 9/9/25
Sep 9, 2025
Anticipation is building for Apple's product launch, expected to feature the iPhone 17 and innovative AI applications. Mergers are taking center stage with a massive deal between Nebius and Microsoft, and a new copper giant formed by Anglo American and Teck Resources. The celebration of 'Squawk Box' turning 30 includes nostalgic glimpses and milestones. Meanwhile, Starbucks CEO Brian Niccol outlines a successful turnaround strategy, enhancing customer experiences in a competitive market.
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Apple Event Could Still Spark A Rally
- Apple’s iPhone 17 event could be a meaningful catalyst despite the stock being down this year.
- Carrier subsidies and promotions may blunt perceived premium pricing for new iPhones.
Apple Will Aggregate AI Rather Than Rely On One Hire
- Apple could accelerate AI integration via partnerships and internal teams rather than a single hire.
- Jim Cramer expects Apple to line up multiple AI providers to load capabilities into the iPhone 17.
Hyperscaler Spending Hides Through Third-Party Builders
- Hyperscaler CapEx may be understated because third-party builders (Nebius, CoreWeave) borrow to build data centers for tenants like Microsoft.
- These deals still drive NVIDIA GPU demand even if they don't show as hyperscaler CapEx on balance sheets.
