Chips and the White House: From Nvidia and AMD to Intel's CEO and Pres. Trump 8/11/25
Carl Quintanilla, Jim Cramer and David Faber discussed two big stories in the chip sector: Published reports say Nvidia and AMD agreed to pay the U.S. government 15% of their revenue from sales of AI chips in China. Intel CEO Lip-Bu Tan reportedly set to visit to White House on Monday, after President Trump called for his resignation last week. Also in focus: Nasdaq in record territory after Apple's best week since 2020, Wall Street braces for this week's inflation data, Paramount strikes a $7.7 billion deal with TKO for exclusive UFC rights, Why one AI stock plummeted 30%. Squawk on the Street Disclaimer
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Show Notes
Carl Quintanilla, Jim Cramer and David Faber discussed two big stories in the chip sector: Published reports say Nvidia and AMD agreed to pay
the U.S. government 15% of their revenue from sales of AI chips in China. Intel CEO Lip-Bu Tan reportedly set to visit to White House on Monday,
after President Trump called for his resignation last week. Also in focus: Nasdaq in record territory after Apple's best week since 2020,
Wall Street braces for this week's inflation data, Paramount strikes a $7.7 billion deal with TKO for exclusive UFC rights, Why one AI stock plummeted 30%.
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