Squawk on the Street Market Reaction to CPI, Nvidia's China Challenge, Musk Threatens Apple 8/12/25
Aug 12, 2025
Market experts dive into July's CPI inflation data and its implications for the Federal Reserve. Tensions rise as Beijing pressures tech firms to favor domestic chips over Nvidia's. Elon Musk threatens Apple with legal action over App Store practices. The remarkable post-IPO surge of Circle Internet in the stablecoin sector grabs attention. Amid ongoing chip manufacturing challenges, discussions highlight the shifting stock landscape and competitive strategies in the tech scene. Lively debates blend humor with serious market analysis.
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Questioning CPI Data Reliability
- Jim Cramer distrusts recent BLS CPI releases and plans to lean on company-level and private data instead.
- He argues investors should trade on company performance rather than headline macro numbers.
China Scrutinizes Nvidia Chip Purchases
- Beijing reportedly asked firms to justify buying Nvidia H20 chips versus domestic alternatives.
- The move highlights geopolitical scrutiny shaping semiconductor supply choices and market access.
Trust And Technical Edge For Nvidia
- Cramer trusts Jensen Huang's assurances and Nvidia despite Chinese concerns and a US revenue-sharing deal.
- He notes technical superiority of H20 chips compared with many domestic alternatives.
