9AM Hour: Chips Extend Slide, Software and Yields Jump, What Intel's CEO Told Cramer 5/19/26

Squawk on the Street

CNBC

News, Business, Investing

4.0 • 566 Ratings

🗓️ 19 May 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber explored a tale of two tech sectors: Semiconductors extending their two-day slide after a red-hot run-up, while beaten-down software stocks move higher. Where should you put your money into the two groups? Hear what Intel CEO Lip-Bu Tan told Jim on "Mad Money" about AI and the demand for CPUs. The anchors also discussed treasury yields hitting multiyear highs on inflation jitters and the U.S. conflict with Iran. Also in focus: Home Depot's earnings beat, Elon Musk to appeal the OpenAI trial ruling, Anthropic vs. the Pentagon in court, Google-Blackstone AI venture, Meta layoffs watch. 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.
0:13.0	Good Tuesday morning.
0:14.1	Welcome to Squawk on the Street.
0:15.1	I'm Carl Ginteneo with Jim Kramer, David Faber, post-9 of the New York Stock Exchange.
0:19.1	Monday's momentum, unwind.
0:20.8	Going to get a little more traction today.
0:22.2	As semis are down, softwares up, yield pressure once again the story with a long bond at 515,
0:27.7	highest since the run-up to the great financial crisis.
0:30.7	Oil is a touch lower, but Brent is holding 110, as the president says he called off strikes
0:35.4	on Iran that were set to begin today. Our robot begins with
0:39.1	semi-stocks once again sliding in the pre-market, Western Didge, Sandusk, Sea Gate among the biggest
0:44.5	laggards on the S&P. Plus AI in court, a federal jury ruling against Elon Musk, saying he waited
0:50.2	too long to sue Open AI and its CEO Sam Altman. Meantime, Anthropic heads to federal court this hour that is in its legal challenge with the
0:59.6	Pentagon.
1:01.1	And a quick look at earnings. Home Depot beats in the top and bottom lines.
1:05.0	Company says the core shopper remains resilient.
1:09.5	Let's begin with the semis today on track to extend their two-day slide, Jim.
1:14.5	Sox had 24 names down yesterday, only six up.
1:18.8	Yeah, okay, so let's just go into this for a second.
1:21.8	You have these incredible moves, and they have to digest.
	...

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