Squawk on the Street Apple and Microsoft Hit $4T, Amazon Job Cuts, AMD and Royal Caribbean CEOs 10/28/25
Oct 28, 2025
Lisa Su, the Chair and CEO of AMD, discusses her company's groundbreaking partnership with the Department of Energy to deploy supercomputers for AI and national security. She details how AMD secured the deal and the competitive landscape with NVIDIA. Su also emphasizes the potential use cases for industries like medicine and energy, advocating for AI as a tool for creative engineers. She shares insights on the importance of reskilling young workers amidst the AI disruption and highlights AMD's strategies to meet the growing demand in the market.
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Two Economies Driving Market Strength
- Market gains are being driven by the upper-end consumer and strong corporate earnings while lower-income consumers face pressure.
- Jim Cramer and David Faber highlight a two-economy dynamic that supports broad market strength despite pockets of weakness.
Younger Guests Book Cruises Closer In
- Royal Caribbean CEO Jason Liberty explains closer-in booking trends driven by younger guests who prefer shorter, frequent trips.
- Liberty says demand remains strong across price tiers and the company sees higher prices and onboard spending.
OpenAI-Microsoft Restructure Strengthens Azure
- OpenAI's recapitalization clarifies ownership and strengthens Microsoft’s strategic position with a 27% stake and extended IP rights.
- The deal increases Azure's role as OpenAI's primary cloud partner and raises questions about future compute providers.
