Squawk on the Street Markets and Apple's Rally, Intel CEO Responds to Trump, the President's Fed Vacancy Pick 8/8/25
Aug 8, 2025
The podcast dives into the recent surge in the stock market, spotlighting Apple’s impressive gain. Intel CEO Lip-Bu Tan responds to political pressures, while President Trump nominates an economic advisor for the Fed. OpenAI's CEO reveals insights on GPT-5 and its potential IPO. The contrasting fortunes of semiconductor and software stocks are explored, alongside the impacts of AI on the employment landscape. Boeing's turnaround under new leadership also garners attention as the dynamics of the market shift.
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Market Concentration In Mega Caps
- Apple and NVIDIA drove most of this week's S&P gains.
- Mike Santoli warns the market is increasingly concentrated and fragile beneath the surface.
Intel Faces Large Investment Gaps
- Lip-Bu Tan defended Intel after the president urged him to resign.
- Michael Santoli says Intel faces massive capex needs and possible capital raises to stay competitive.
OpenAI Growth And IPO Potential
- Sam Altman says whenever OpenAI goes public there will still be tremendous upside.
- David Faber notes GPT‑5 rollout and enterprise adoption accelerate scale and valuations.