Markets After the Sell-Off, Private Credit Pain, AMD CEO Exclusive on Meta AI Chip Deal 2/24/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 24 February 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber explored what's next for the markets after Monday's sell-off, which was sparked by AI fears and tariff uncertainty. The anchors also delved into the conundrum surrounding the private credit markets — and reacted to what JPMorgan Chase CEO Jamie Dimon said about the risks. AMD shares surged on news of the company's multiyear AI chip agreement with Meta Platforms. AMD Chair & CEO Lisa Su joined the program exclusively to talk about the deal. Also in focus: Home Depot's earnings beat, Anthropic announces new AI tools, State of the Union speech countdown, Warner Bros. Discovery says it is reviewing Paramount Skydance's new takeover offer. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market Moving Insight and Analysis.
0:02.1	Join Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street. Good Tuesday morning, welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Futures trying to recover some of Monday's losses. Worst day for the Dow since January 20. Worst day for the banks since last April.
0:21.6	Home Depot earnings, private credit, that Citrini blog, all in focus.
0:25.6	State of the Union tonight.
0:27.6	Our roadmap begins with AI fears rattling investors.
0:30.6	Cybersecurity stocks got slammed again and the financials also in the crosshairs.
0:35.6	Speaking of AI, another mega deal.
0:42.0	META agrees to buy six gigawatts worth of computing power from AMD.
0:48.0	AMD CEO Lisa Sue will join us exclusively to discuss what this deal means for the company she runs.
0:49.2	And J.P. Morgan Chase CEO, Jamie Diamond, weighs in on the impact of AI and as well what
0:54.1	he sees private credit.
0:56.6	Let's begin with the markets after the sell off yesterday, Jim.
0:59.6	Private credit's kind of like all you've written about this morning.
1:02.3	Yeah, that's all.
1:03.6	I've been for the club.
1:05.3	Everything is about private credit.
1:07.3	And I'm doing that because of some of the things like Jamie the Jamie Diamond said where's the weakness where are people valuing things
1:14.4	correctly with Craig Packer last week from Blue Allen I think he did his best to be
1:19.5	able to try to explain what's going on in their funds but I keep finding out
1:24.2	David I know that you have looked into this too, that the actual companies
1:29.2	that are involved right now are still doing fine.
1:31.7	But if AI does do the things that the Citrini report and other things that we're hearing,
	...

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