Squawk on the Street

Anthropic sets its IPO price range at $70 to $78 a share, potentially valuing the AI giant at more than $1 trillion. We break down the filing and what it could mean for the broader market. Plus, Nvidia faces fresh pressure amid allegations involving CEO Jensen Huang and a suspected Chinese spy, with corporate governance expert Nell Minow calling for his suspension. And counselor to Treasury Secretary Scott Bessent, David Zervos, reacts to the CPI print and Kansas City Fed President Logan’s call for at least two more rate hikes.
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Carl Quintanilla, Jim Cramer and David Faber delved into Anthropic's updated IPO filing: The AI giant set a price range between $70 and $78 per share — and outlined plans to price the IPO and go public next week.
The company could end up being worth up to $1.4 trillion on a fully diluted basis. The anchors also discussed the future for Nvidia: Shares extended Monday's losses on news of the company's investigation into
CEO Jensen Huang's relationship with a suspected Chinese spy. On the inflation front: October CPI came in hotter-than-expected — and Fed Governor Christopher Waller said he supports a December interest rate hike.
Also in focus: Why SoftBank shares surged 13%; Skydance tumbles after its first earnings report since the Paramount-WBD merger; CoreWeave earnings preview.
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Goldman Sachs CEO David Solomon joins exclusively to discuss the markets, the AI trade and the midterms. Then, Former Treasury Secretary Jack Lew joins with his expectations for the economy. Plus, we break down the latest details of Nvidia's investigation of CEO Jensen Huang for having a relationship with an alleged Chinese spy.
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What happens to the AI trade as Nvidia launches an investigation into CEO Jensen Huang after he admitted to having an affair with an alleged Chinese Spy. We hear from a former CIA officer about what comes next from Washington and the company. Plus D.A. Davidson lays out the risk for stocks. And Oscar winner Gwyneth Paltrow speaks for one of the first times about her venture firm, which counts itself as a backer of OpenAI and many other Silicon Valley firms.
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Carl Quintanilla, Jim Cramer and David Faber covered the big story of the morning: Nvidia shares down sharply after the company's board announced it is investigating CEO Jensen Huang's relationship with a woman accused of being a Chinese spy. In an email to Nvidia staff, Huang admitted to having an affair with the woman and apologized to his family and company employees. The anchors explored what Nvidia's future would be like without Huang at the helm, President Trump's view of Huang and what's at stake for the AI trade. Nvidia rivals including AMD led a chip sector surge, helping to spark a rally on Wall Street after stocks experienced four straight weeks of losses. A slide in oil prices also boosted market sentiment. Also in focus: Cramer highlights from the CNBC Investing Club Annual Meeting on Friday.
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