Squawk on the Street CNBC

On another record setting day for the S&P 500 and Nasdaq, Carl Quintanilla, Jim Cramer and David Faber drilled down on mega-tech: Nvidia hits a $3 trillion market cap for the first time,
surpassing Apple to become the second-most valuable public company in the U.S. behind Microsoft. How high can the chipmaker go? The anchors also reacted to what Tesla Chair Robyn Denholm
told CNBC about next week's shareholder vote on Elon Musk's massive pay package. Also in focus: The U.S. Treasury Department weighs in on AI risks, The ECB cuts interest rates for the first time since 2019,
lifts for Lululemon and Costco, Disney's Florida parks investment plan, Paramount deal update.

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Carl Quintanilla, Jim Cramer and David Faber interviewed SEC Chair Gary Gensler on set at Post 9 of the New York Stock Exchange.
Topics included market manipulation, crypto regulation and the AI revolution. Elon Musk confirmed the CNBC.com report which says he diverted
Nvidia AI chip shipments meant for Tesla to "X" and "xAI." Also in focus: Nvidia's market cap jumps closer to $3 trillion, Jensen Huang and “Jensanity,”
Dollar Tree is considering a possible sale of Family Dollar, HPE surges, Apple WWDC just days away, the future for AI PCs.

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Jim Cramer and David Faber engaged in a wide-ranging discussion about a new report from CNBC.com: Elon Musk ordered Nvidia to prioritize shipments of AI chips to X and xAI ahead of Tesla. The anchors also reacted to what Intel CEO Pat Gelsinger said about the company’s new AI chips -- and Nvidia CEO Jensen Huang. Also in focus: Apple in positive territory for 2024, Tesla auto sales in China and Ford U.S. sales, a twist involving "Roaring Kitty" and the meme stocks frenzy, Skydance’s deal for Paramount awaits Shari Redstone's approval.



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On the first trading day of June, Carl Quintanilla, Jim Cramer and David Faber explored the AI chips race. Nvidia unveiled its next-generation platform and said it plans to roll out versions of its AI chips every year.
AMD launched its own lineup of AI chips in an effort to take on its trillion-dollar rival. David reported that Skydance is poised to announce a takeover of Paramount Global in the coming days.
Also in focus: An exclusive interview with Johnson & Johnson CEO Joaquin Duato, GameStop shares soar as meme stock madness returns, Tesla strikes back at ISS ahead of this month’s Elon Musk pay package vote.

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On the final trading day of May, Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to the Fed's preferred inflation measure -- Core PCE. With AI in the spotlight, the anchors reacted to shares of Dell plunging despite better-than-expected quarterly results. Also in focus: Proxy advisor ISS urges Tesla shareholders to reject Elon Musk's multi-billion dollar pay package, former President Trump's guilty verdict, what Best Buy's CEO told Jim about AI PCs on "Mad Money," earnings winners and losers, activist investor speaks out about casino and sports gambling company Penn Entertainment.



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Carl Quintanilla, Jim Cramer and David Faber led off the show with Salesforce shares tumbling and dragging the Dow sharply lower. The company posted a quarterly revenue miss and issued weaker-than-expected guidance. The anchors reacted to what Salesforce CEO Marc Benioff told Jim Wednesday night on Mad Money. What's next for the stock? On the retail front: Best Buysurges, Foot Locker soars and Kohl's plummets in reaction to earnings news. Also in focus: Q1 GDP growth revised downward, Nasdaq coming off its worst day of May, CNBC reports Nelson Peltz has sold his entire stake in Disney, McDonald's defends its menu prices, Nestle CEO's message on weight-loss drugs.



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