Squawk on the Street

Mohamed El-Erian, Allianz's chief economic advisor, dives into the intriguing concept of AI-driven market dispersion and its implications for investors. He shares insights on the Federal Reserve's outlook and the macroeconomic risks on the horizon. Also featured is Bruce Flatt, CEO of Brookfield, who discusses the company's ambitious plans in new U.S. nuclear projects and the critical role of AI infrastructure in reshaping energy demands. Their conversation touches on the significant influence of AI on both capital expenditures and long-term growth prospects.

Shantanu Narayen, the Chair and CEO of Adobe, shares insights into the company's ambitious AI product roadmap and innovative partnerships. He discusses how Adobe is integrating AI into its tools, enhancing creative workflows for consumers and enterprises alike. Narayen also addresses the recent stock reaction and emphasizes the importance of accessibility for small businesses. The conversation reveals Adobe's strategic positioning and highlights products like Firefly and collaboration with Google.

Jim Cramer dives into why Corning is positioned for substantial growth in the coming years. They discuss impressive quarterly results and the surge in fiber demand fueled by generative AI. The hosts tackle the critical issue of heat in data centers, highlighting how fiber helps solve this challenge. Analyst upgrades and bullish price targets add to the positive outlook, as plans for prudent investments in Corning are outlined. Tune in for insights that could shape your investment strategy!

Ray Dalio, founder of Bridgewater Associates, shares insights on macro risks, sovereign debt, and his concerns about a bubble in the AI market, likening it to the 1920s. Meanwhile, Ken Moelis, executive chairman of Moelis & Company, discusses the booming M&A landscape and the potential for massive investments in Saudi Arabia's AI sector. They explore the risks of wealth concentration and the impact of political polarization on markets, while also highlighting the impressive valuation surge in Microsoft and its implications for tech investment.

Lisa Su, the Chair and CEO of AMD, discusses her company's groundbreaking partnership with the Department of Energy to deploy supercomputers for AI and national security. She details how AMD secured the deal and the competitive landscape with NVIDIA. Su also emphasizes the potential use cases for industries like medicine and energy, advocating for AI as a tool for creative engineers. She shares insights on the importance of reskilling young workers amidst the AI disruption and highlights AMD's strategies to meet the growing demand in the market.

Jim Cramer delivers a bold warning for Qualcomm shareholders: sell now! He discusses the impact of a recent chip announcement that led to an incredible 32% stock surge, emphasizing the need to act swiftly. The conversation flows with insights into market headlines and investment strategies, urging listeners to stay informed. Cramer's candid approach keeps the discussion lively as he navigates the fluctuations and risks of the stock market.

Stuart Russell, a UC Berkeley professor and director at the Center for Human Compatible AI, raises critical concerns about the dangers of superintelligent AI. He discusses the risks associated with security threats and human extinction, emphasizing the opacity of AI models and potential self-preservation behaviors. Russell advocates for urgent regulations and an international body to oversee AI development, aiming to mitigate existential risks. The conversation highlights the importance of addressing these issues before it’s too late.

Major stock indices hit record highs driven by optimism over a U.S.-China trade framework. The hosts delve into potential agreements involving soybeans and TikTok, and debate export sales to China, especially concerning NVIDIA. M&A activity is buzzing with Novartis' significant acquisition and key merger discussions in the utilities sector. They also explore the implications of AI on corporate efficiency and preview earnings from big tech players. Additionally, the conversation touches on Berkshire Hathaway's performance and exciting developments with Taylor Sheridan moving to NBCUniversal.

Jim Cramer highlights why GE Vernova is primed for significant growth, likening its trajectory to other successful stocks. Discussions center on post-earnings consolidation and momentum, showcasing strong quarterly results. The tone from the recent conference call boosts confidence, as Cramer shares insights that reinforce his positive outlook on the stock. Tune in for a candid analysis of market dynamics and stock potential!

Chase Lockmiller, Co-founder and CEO of Crusoe, discusses their recent $10B+ funding round and the company’s innovative energy-first approach to AI infrastructure. He delves into the significance of building data centers that prioritize sustainability. The conversation also touches on the demand for diverse chip generations and how this expansion aims to support the growing AI market. Lockmiller's insights on balancing energy needs with tech growth highlight the evolving landscape of digital infrastructure.