Squawk on the Street Chips and the White House: From Nvidia and AMD to Intel's CEO and Pres. Trump 8/11/25
Aug 11, 2025
The chip sector is buzzing as Nvidia and AMD prepare to contribute 15% of AI chip sales revenue to the U.S. government. Political tensions rise with Intel's CEO facing calls for resignation, coinciding with a critical White House visit. The Nasdaq hits record highs following a stellar week for Apple, while a significant deal for UFC rights shakes up the media landscape. AI continues to reshape software dynamics, posing challenges for traditional services and emphasizing the need for tech adaptability.
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Government Taking A Cut From AI Chips
- Jim Cramer warns the White House is pushing for 15% of AI chip sales to China.
- He frames the move as the government wanting a piece after enabling the sales.
U.S. Moves Toward Interventionist Tech Policy
- Jim Cramer calls the trend 'state run capitalism' as Washington shifts from carrots to sticks.
- He links CHIPS Act-style interventions to a broader government role in allocating capital.
White House Meeting Signals Corporate Oversight
- Jim Cramer expects Lip-Bu Tan's White House visit to be highly interventionist.
- He warns Lip-Bu may need to disown Chinese ties to reassure the administration.
