Markets and Iran Peace Hopes, What OpenAI's CFO Told Cramer, Micron's Post-Earnings Skid 3/25/26

Squawk on the Street

CNBC

Investing, News, Business

4.0 • 566 Ratings

🗓️ 25 March 2026

⏱️ 44 minutes

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Summary

Jim Cramer and Scott Wapner explored stocks rising and crude oil prices falling on a report stating Iran has received a 15-point plan from the U.S. to end the war. An Iranian state news agency said Tehran has rejected a ceasefire. The anchors discussed Jim's "Mad Money" interview with OpenAI CFO Sara Friar: She told Cramer the company has raised additional money to bring its funding round past $120 billion — and explained why the AI startup is shutting down its Sora video app. Also in focus: Memory chip stocks under pressure as Micron shares extend their post-earnings losing streak, JPMorgan Chase CEO Jamie Dimon on AI and jobs, Arm Holdings soars on plans to build its own chips, mega-tech playbook, Robinhood jumps on stock buyback plan. 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.
0:14.5	Hey, good Wednesday morning and welcome to Squawk on the Street.
0:17.4	I'm Scott Wapter with Jim Kramer.
0:18.7	Post 9 here at the New York Stock Exchange.
0:21.0	David's on assignment. Carl has the morning off. We'll show you the futures here.
0:24.7	Stocks are going to open higher at this hour. Dow would open by more than 400. The S&P by almost
0:31.3	60 points. Our roadmap today begins with stocks looking to bounce back following reports that
0:36.9	the U.S. has sent Iran a 15-point
0:39.8	plan to end the war. Plus, OpenAI, Sarah Fryer telling Jim Kramer, the company has raised an
0:44.9	additional $10 billion from investors. That brings their record fundraise now north of $120 billion.
0:52.0	The company also shuddering its short-form video app SORA as they look to reel in costs.
0:57.4	And Jamie Diamond's AI warning saying that artificial intelligence could cost the U.S. jobs
1:01.9	and that the unemployment would be a big problem for society.
1:07.1	We do begin, of course, with the markets, hopes for an Iran peace deal.
1:10.3	According to the Iranian State News Agency, Fars, Tehran has rejected a ceasefire proposal calling talks with the U.S., quote, illogical.
1:19.9	Meantime, potentially key to oil markets this morning, Iran reportedly now allowing, quote, non-hostile ships to pass safely through the Strait of Hormuz,
1:29.2	the choke point, which typically carries a fifth of the world's oil per day.
1:34.8	All right, Jim.
1:35.3	So we have the proposal that was apparently sent, this 15-point proposal, which, as we just read,
1:41.7	the Iranians have apparently rejected.
1:47.1	The stock market seems to be okay for now with the idea that we're progressing towards or at least hopeful of having some
	...

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