Squawk on the Street Stocks' Record Run, Musk-Altman AI Showdown, Apple's Rough January 1/23/25
Jan 23, 2025
The discussion kicks off with the S&P 500 reaching record highs while Apple struggles in the tech sector. Tensions rise as Elon Musk and Sam Altman face off over a massive AI investment. Notable market movements witness GE Aerospace soaring while Electronic Arts takes a dive. Cramer shares insights on pricing strategies amid inflation concerns, and BlackRock's CEO remains cautiously optimistic about the future. A blend of humor and market analysis keeps the conversation engaging as they explore the evolving landscape of tech and finance.
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NVIDIA's Stock Sensitivity
- SK Hynix reported weaker DRAM and NAND markets.
- This negatively impacted NVIDIA's stock price, despite strong high-bandwidth memory performance.
Arm Holdings and Stargate
- Arm Holdings benefited from the Stargate project announcement, likely due to SoftBank's involvement and potential stock sales.
- The stock's significant price increase raises questions about its justification.
Stargate Project Feud
- Sam Altman and Elon Musk engaged in an online feud on X regarding the Stargate project's funding.
- Microsoft's Satya Nadella expressed confidence in Microsoft's investment, while concerns arose about large language models becoming commoditized.