Squawk on the Street Apple's iPhone 17 Boost, Busy Earnings Week, Rare Earth Stocks Rally 10/20/25
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Oct 20, 2025 The discussion begins with excitement over Apple's strong iPhone 17 sales boosting stock prices. Analysts predict a busy week ahead with numerous corporate earnings reports. Rare earth stocks are heating up due to U.S.-China tensions surrounding export curbs. The Amazon Web Services outage raises questions about growth prospects. NVIDIA's CEO shares insights on chip supply challenges, while gold sees a surge amid changing Chinese demand. There's also a cautionary note on speculative trading and leveraged ETFs from the hosts.
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iPhone 17 Early Demand Fuels Earnings Optimism
- Apple’s iPhone 17 shows notably stronger early demand, beating iPhone 16 by ~14% in the first 10 days.
- Jim Cramer and hosts see this as a long product cycle likely to drive better-than-expected earnings for Apple.
AWS Outage Exposed Cloud Reliance Risks
- A global AWS outage highlighted how many major services rely on Amazon Web Services and the fragility that causes.
- The hosts stress the outage was operational, not necessarily reflective of AWS's long-term fundamentals.
Geopolitics Drives Rare Earth Stock Surge
- The U.S.-China standoff over export curbs has reignited a domestic push into rare earth production and a sharp rally in related stocks.
- Hosts note that rebuilding U.S. capacity will take years and China still holds significant leverage.