Squawk on the Street

Jim Cramer discusses the Club's strategic investment in GE Vernova, highlighting its potential as the 'right' AI energy stock. He connects rising power demands to major deals from tech giants like NVIDIA and AMD. Cramer underscores GE Vernova's significant role as a turbine leader and hints at the need for political support to boost production. Tune in for insights on the intersection of energy and technology!

Scott Kroner, U.S. equity strategist at Citi, shares insights on the S&P 500 and the risks surrounding AI-driven stocks. Diana Olick, CNBC real estate correspondent, dives into the rising popularity of adjustable-rate mortgages amidst affordability challenges. The discussion also covers gold's historic rally as a reaction to declining trust in central banks, alongside tech's momentum with emerging AI products and partnerships that could reshape market strategies.

Jensen Huang shares insights on Nvidia's role in AI, igniting discussions on the future of tech. Gold hits a historic high of over $4,000, positioning itself as a crucial investment and inflation hedge. Tesla unveils more affordable Model Y and Model 3 electric vehicles, stirring market excitement. Concerns arise over freight recession indicators and the impacts on holiday inventory. Plus, Michael Dell weighs in on data center dynamics while highlighting the competition in AI infrastructure.

Robert Kaplan, former Dallas Fed president and Goldman Sachs vice chair, shares insights on inflation and labor market dynamics, amid a government shutdown. He discusses the cautious stance on Fed rate cuts and the rise of gold amidst fiscal concerns. Joining him, Orlando Bravo, co-founder of Thoma Bravo, argues that AI is driving substantial growth, distinguishing it from a bubble. He explores AI's transformative effects on software and warns of potential job displacement in call centers, all while advocating for savvy investment choices in the private market.

A tech rally is underway, driven by the OpenAI trade and AMD's partnership with ChatGPT. Gold has surged past $4,000 for the first time, fueled by supply constraints and rising demand. The hosts declare 2025 as 'the year of magical investing,' showcasing growth stock picks. There's buzz around Tesla’s upcoming product event and a $2 billion investment in Polymarket, suggesting a shift in betting trends. The conversation also touches on chip supply issues, employment data, and the competitive landscape between AMD and NVIDIA.

Boeing's rising 737 Max production is spotlighted as a promising investment opportunity, with plans to increase output to 42 jets monthly by October and potentially 53 by 2026. Cramer clarifies that recent stock dips were due to concerns about another delayed aircraft, suggesting the negative sentiment was exaggerated. He further discusses how broader market reactions are being influenced by inventory issues across various companies, including AMD and Nike, highlighting a mixed climate for investors.

Elliott Hill, Nike's CEO who returned from retirement, discusses his transformative vision for the company, focusing on sport-led products and revitalizing culture. He shares strategies for clearing old inventory and organizing by sport to sharpen market focus. Ruchir Sharma, a macro trends expert at Rockefeller, argues that America’s growth is increasingly tied to AI, providing insights on its economic impact and advocating for a balanced investment approach between AI stocks and international markets.

Lisa Su, the CEO of AMD, leads the company's AI initiatives, while Greg Brockman, co-founder of OpenAI, directs their innovative strategies. They discuss a groundbreaking multi-year partnership where OpenAI will purchase six gigawatts of AMD GPUs, a deal that could transform the AI landscape. Brockman explains the necessity of this collaboration for massive compute capabilities, and Su highlights AMD's role in fueling AI growth. Their chat delves into environmental concerns, market dynamics, and the future of chip technology in AI.

This discussion dives into the pharmaceutical market's current trends and challenges. Jim Cramer urges Apple investors not to panic despite downgrades, emphasizing the difference between traders and long-term holders. They analyze the timing of analyst ratings and why they often cater to hedge funds rather than everyday investors. The hosts also explore how carrier promotions boost iPhone sales, highlighting how trade-in incentives influence buyer decisions. It's a deep dive into market strategies that resonate with both seasoned and new investors.

Jan Hatzius, Chief Economist at Goldman Sachs, dives into labor market dynamics, highlighting a loosening trend and the essential role of BLS jobs data amid the ongoing government shutdown. He speculates on upcoming Fed rate cuts influenced by economic signals. Meanwhile, Rick Santelli details the ISM services data, showcasing slower orders and rising prices. They also explore the implications of a rare downgrade of Apple by analyst Edison Lee, driven by a structural smartphone slowdown and cautious expectations regarding foldable models.