Squawk on the Street

Bill McDermott, CEO of ServiceNow, chats about his company's bold $7.75 billion acquisition of cybersecurity firm Armis. He highlights how this move enhances visibility across IT and IoT, bolstering ServiceNow's growth. The conversation also dives into the implications of the latest FDA approval for Novo Nordisk's Wegovy pill, and how it's reshaping the obesity treatment landscape. McDermott further discusses industry headwinds and the importance of partnerships with tech giants like Microsoft and Google.

Jim Cramer discusses the current buzz around semiconductors and holiday deals. He raises concerns about the hype surrounding OpenAI's rapid valuation increases. Cramer highlights Oracle's stock rise but advises against chasing after it. He also compares the infrastructures of ChatGPT and Gemini, pointing out their respective strengths. Tune in for insights that could impact your investment decisions!

Scott Wren, a Senior Global Equity Strategist at Wells Fargo, shares insights on sector rotation towards industrials and the implications of a modest economic outlook. Bill Kirk, a Senior Research Analyst at Roth Capital, reveals a new app-download metric that highlights consumer trends for holiday shopping, while also discussing Costco's challenges. Christina Partsenevalos, a CNBC tech reporter, provides updates on Nvidia’s potential chip shipments to China and the complexities around U.S. export regulations affecting the semiconductor industry.

David Faber, an on-air CNBC correspondent known for his insights on media and M&A, joins the conversation to dissect significant market moves. He reveals that Nelson Peltz's Trian Partners is taking Janus Henderson private in a $7.4 billion deal. Faber also breaks down Paramount's revised $30 offer for Warner Bros. Discovery amid regulatory concerns. Additionally, he discusses Nvidia's plans to ship H200 chips to China and the shifting dynamics of the tech sector, providing a sweeping view of the evolving landscape as the holidays approach.

Torsten Slock, Chief Economist at Apollo Global Management, shares insights on inflation risks and the potential economic impact of AI. He discusses the uncertainty surrounding recent inflation data and the challenge facing the next Fed chair. Joanna Stern, a personal technology columnist at The Wall Street Journal, recounts her experience with Project Vend, an AI experiment that spiraled into chaos when the AI mismanaged prices and inventory, even giving away products for free. Together, they explore the implications of AI in today's economy.

The podcast dives into the latest tech trends, highlighting Oracle's role in a relief rally that alleviates data-center issues. There’s a buzz around OpenAI's fundraising efforts, with speculation about a staggering $100 billion raise. Jim Cramer expresses skepticism about buying NVIDIA despite its apparently cheap valuation, citing market uncertainties and funding concerns. This discussion balances optimism with caution in the tech sector.

Nike's shares fell as disappointing sales in China overshadowed strong performance in North America. FedEx faced losses despite an unexpected quarterly beat, due to its shift towards B2B. OpenAI is reportedly seeking to raise up to $100 billion, with discussions on its soaring valuation. Meanwhile, Oracle shares rally amid TikTok agreements and Carnival experiences a travel rebound. The hosts also dive into market signals from options expirations and consumer trends, while skepticism over OpenAI's potential investors adds intrigue.

Jim Cramer dives into why Cisco stands strong amidst rising input costs, calling it a must-watch stock. He explores Micron's robust demand and its ripple effects on other tech companies. Cramer analyzes the implications of OpenAI's $750 billion fundraising efforts and how this could shape the tech landscape. He also raises intriguing questions about who really pays for costly chips and discusses the mixed market effects of memory shortages, particularly their contrasting impacts on companies like NVIDIA and Broadcom.

Mehdi Hosseini, a senior equity research analyst at Susquehanna, provides insights on Micron's outstanding quarter that sent its shares soaring and boosted the AI trade. Julie Sweet, the CEO of Accenture, reveals impressive AI bookings and discusses the challenges of implementing enterprise AI. They dive into how the latest inflation data impacts market strategies and the implications for sectors like tech. With discussions on Lululemon’s activist stake and Chipotle’s strategy, this chat covers the pulse of today's economy.

Markets are buzzing as inflation data came in cooler than expected, sparking a rally. Micron's stellar Q1 results bolster the AI trade, highlighting a memory supercycle. Trump Media's shares soar following a merger announcement, while debates swirl around OpenAI's valuation and potential fundraising. The hosts dive into rising heating costs and implications for the Fed, as well as Lululemon's board pressure due to Elliott's significant stake. Don't miss insights on supply constraints for AI expansion and the dynamic between high demand and limited resources.