9AM Hour: More Tech Pain, OpenAI IPO Buzz, Onsemi CEO Exclusive 6/26/26

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 26 June 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber and Michael Santoli explored tech sector weakness: Nasdaq on track for a five-day losing streak as investors dump some of the "Magnificent 7" stocks; Apple coming off its worst day in more than a year after announcing price hikes; Micron gives up some of Thursday's big gains after Samsung and SK Hynix tumbled in South Korean trading. The anchors reacted to a published report which says OpenAI is leaning toward delaying its IPO until 2027. The CEO of Onsemi joined the program to discuss the chipmaker's $7 billion all-stock deal to buy Synaptics, On's "Physical AI" strategy — and why its shares tumbled on news of the acquisition. Also in focus: SpaceX's two weeks as a public company, the S&P Equal-Weight index outperforming the S&P 500, Oil prices erase Thursday's gains, Apollo co-founder Leon Black arrives on Capitol Hill to testify about his ties to notorious sex offender Jeffrey Epstein. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	It's Jim Kramer here.
0:01.3	You're listening to the opening bell of CNBC Squawk on the Street.
0:04.6	Don't miss a minute of the action.
0:12.9	Good Friday morning.
0:14.0	Welcome to Squawk on the Street.
0:15.0	I'm Carl Kington, and David Faber,
0:17.1	at Mike Santoli, a post-9 of the New York Stock Exchange.
0:19.1	Kramer's off today.
0:20.2	Tech volatility and focus yet again.
0:22.1	NASDAQ might post its worst week in more than a year,
0:25.7	as all eight of the largest S&P names are down at least 8% for June.
0:30.8	Oil for now choosing to ignore Iran,
0:33.2	reasserting its right to control shipping in the Strait of Ormuz
0:35.8	and that projectile strike on a tanker near Oman yesterday.
0:39.3	Our roadmap begins with the tech sell off raging on as investors dubbed Mag 7.
0:44.3	Apple and Microsoft among the giants raising prices, blaming this ongoing memory supply crunch.
0:50.3	Also, some reports today about OpenAI potentially, quote, delaying its IPO.
0:56.6	We'll talk about that.
0:58.3	And we're following a deal in the chip sector on semi-striking a $7 billion deal for synaptics in a physical AI push.
1:06.2	We'll be joined by the company's CEO later this hour.
1:09.1	Let's begin, though, with the markets tech set to extend yesterday's losses, Mike,
1:12.9	as we get all the Mag 7 names under the 50-day and most mega-caps X Micron, let's say.
	...

Transcript will be available on the free plan in 4 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.