Squawk on the Street Kimberly-Clark to Buy Kenvue, Amazon-OpenAI Deal, November Markets 11/3/25
Nov 3, 2025
John Kemp, CEO of CUNITY, a DuPont spin-off specializing in electronics and semiconductor materials, shares insights on their recent IPO. He discusses how CUNITY fits into the evolving semiconductor landscape, emphasizing advanced packaging and its importance for performance in AI data centers and wearable technologies. The conversation also touches on global manufacturing strategies and the increasing demand for innovative semiconductor solutions as the market shifts.
AI Snips
Chapters
Transcript
Episode notes
OpenAI Embraces Multi‑Cloud Strategy
- OpenAI expanded beyond Microsoft by signing a $38 billion infrastructure deal with AWS to run workloads across hundreds of thousands of NVIDIA GPUs.
- That deal signals a multi-cloud future for OpenAI and reduces exclusive dependence on a single cloud partner.
Altman Frames Compute Spend As A Forward Bet
- Sam Altman defended large compute commitments by saying OpenAI is taking a forward bet that revenue will grow steeply and justify the spending.
- The company plans multiple revenue avenues including AI clouds, consumer devices, and automating science.
Kimberly‑Clark Buys Kenvue For Scale
- Kimberly‑Clark agreed to acquire Kenvue for $40 billion in cash and stock aiming for $2.1 billion of synergies and a higher multiple like P&G's.
- The acquisition transfers Tylenol litigation risk to Kimberly and relies heavily on stock consideration.