Nvidia's Record High, Jensen Huang and the Trump-Xi Summit, Cisco CEO Exclusive 5/14/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 14 May 2026

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla and Jim Cramer explored shares of Nvidia at a record high. In the midst of the U.S.-China summit, Nvidia CEO Jensen Huang told reporters in China that his company's meetings have been "excellent." A live report from Beijing on what the talks between Presidents Trump and Xi produced. Cisco shares soared on an AI-fueled quarterly beat and plans to cut thousands of jobs. Cisco CEO joined the show at Post 9 to discuss all of that and more. Also in focus: Cerebras launches the largest U.S. IPO of the year so far, what Treasury Secretary Bessent told CNBC about the Chinese "buying more U.S. energy," Ford's rally, Versant surges on a revenue beat, Cramer's take on Jerome Powell's legacy as Kevin Warsh gets ready to head the Fed. Disclosure: Versant Media is the parent company of CNBC Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here.
0:01.2	You're listening to the opening bell of CNBC Squawk on the Street.
0:22.1	Don't miss a minute of the action. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer here at Post 9 of the New York Stock Exchange. Favor's on assignment. Some fresh all-time highs for the S&P are in focus as Cisco's blowout quarter, add some fuel to the AI buildout craze. Dow is going to take aim at 50K once again, 30-year holding five. Oil's fairly steady down slightly as Iran's just one of many
0:28.3	topics that the U.S. and China discussed during two hours of talks in Beijing and a state banquet.
0:34.4	A roadmap begins with Nvidia shares hitting an all-time high, as Jensen Wong says, China meetings have been, quote, excellent, could Trump's China summit mean big
0:42.8	things for Boeing and Tesla and others?
0:45.2	President Xi telling U.S. CEOs that China will, quote, open wider.
0:49.2	And as for Cisco, rallying sharply on this Q3 beat and some of these AI-fueled job cuts.
0:55.0	We're going to break down the quarter with Chuck Robbins in just a few moments.
0:58.9	Let's begin with Invidia, hitting a record high in the wake of the summit in China.
1:02.6	Here's an exchange between Jensen Wong and reporters in China earlier today.
1:08.9	How are your meetings going?
1:11.0	These were excellent. Are you hoping to be able to sell your chips, yeah?
1:15.6	Will you do able to sell your chips?
1:16.7	Yeah, President Trump were in quite a moment.
1:18.2	Thank you.
1:20.3	So that's brief, Jim.
1:22.5	Wires have been trying to make some news on whether or not the U.S. is clearing
1:26.7	some H-200s.
1:27.4	Yeah, okay, so there's nothing new here. The U.S. is clearing some H-200. Yeah, okay, so there's nothing
1:29.0	new here. The U.S. is in favor of selling. It's she who has blocked it. And they've done it a little bit sub-rosa, but no one's ordered any chips. And I think what people have to understand, you actually think they're doing a lot of business with China. They're not. There's like $53 billion dollars where the business that may or may not go his way. It was great that he got picked up in
1:47.2	Alaska and I think it's not. There's like $53 billion worth of the business that may or may not go his way. It was great
	...

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