9AM Hour: AI Trade: Alphabet's $80B Capital Raise, Huang's "Trillion-Dollar" Comment Boosts Marvell, HPE Surges 6/2/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 2 June 2026

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding the AI trade: Alphabet plans to raise $80 billion in equity capital to fund AI investments, shares of Marvell Technology soared after Nvidia CEO Jensen Huang called the chipmaker the next "trillion-dollar company," Hewlett Packard Enterprise shares surged on a quarterly beat and guidance. The anchors discussed highlights from David's exclusive interviews with OpenAI CEO Sam Altman and Oracle CEO Clay Magouyrk at Stargate's data center in Michigan. Also in focus: President Trump names housing finance chief Bill Pulte as acting director of intelligence, Goldman Sachs says "Sell" Intuit, McDonald's new growth strategy, bitcoin falls below $70,000. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here.
0:01.3	You're listening to the opening bell of CNBC Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:13.5	Good Tuesday morning.
0:14.6	Welcome to Squawk on the Street.
0:15.6	I'm Carl Kington, Ian, with Jim Kramer, David Faber,
0:17.6	post-9 of the New York Stock Exchange.
0:19.4	S&P goes for a ninth consecutive
0:21.2	daily gain today, although a little pressured in the pre-market. Google's equity raise
0:25.9	getting lots of attention, HPE with a blowout. But consumer stock still lagging, shake-shack
0:31.0	cutting guidance. Oils down slightly as the president at least says talks with Iran continue
0:35.9	in a rapid pace. Our roadmap begins with
0:38.8	alphabet, though, this ambitious AI push planning to sell 80 billion in stock, including a $10
0:44.2	billion investment from Berkshire to bolster its AI buildout plans. Plus Jensen Wong's trillion
0:49.6	dollar blessing. Marvell technology is surging in the pre-market because of that. And this is after the
0:56.1	Nvidia said that it could join the ranks of the trillion dollar club. And why Open AI, Sam
1:00.8	Alton told me he does not think there is a race to go public. This, of course, as Open AI's rival
1:06.8	anthropic confidentially files for its own initial public offering.
1:11.7	Let's begin with the AI boom and Viddeus Jensen Wong making a bullish comment about
1:15.9	Marvell while on stage with that company's CEO, Matt Murphy today at CompuTech in Taiwan.
1:21.3	Take a listen.
1:23.3	What makes it possible is connectivity.
	...

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