Squawk on the Street Pres. Trump at NATO Summit, Nasdaq 100's Record Run, FedEx Slides 6/25/25
Jun 25, 2025
The podcast kicks off with President Trump at the NATO Summit, where a significant increase in defense spending is agreed upon by allies. The conversation then shifts to the Nasdaq 100's record highs, largely fueled by tech giant Nvidia and its role in the AI market. FedEx faces a downturn following disappointing guidance, while Netflix enjoys a remarkable rally. Political shifts in New York City add further intrigue, with Andrew Cuomo conceding in the mayoral primary. The hosts also discuss the implications of counter-drone technologies and innovation in finance.
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NATO Defense Spending Boost
- NATO allies agreed to more than double defense spending to 5% of GDP by 2035, a significant increase from prior targets.
- This commitment marks a high level of military investment, while U.S. spending is currently at a record low under 3%.
NVIDIA Driving Market Growth
- The market is led by NVIDIA, expected to grow dramatically due to AI chip demand.
- Skepticism and short selling attempts persist, but NVIDIA's role in data centers validates its prominence.
AI Market Mirrors 90s Boom
- Companies like NVIDIA finance facilities that buy their chips, resembling the 90s telecom boom vendor financing.
- Despite some skepticism, the AI market expansion could parallel or exceed the 1995-2000 tech boom.