Stocks and Oil Prices Rise, Jensen Huang's $1T AI Chip Forecast, Iger's Last Day as Disney CEO 3/17/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 17 March 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber discussed why both stocks and oil prices are rising amid the Iran war and Middle East tensions. The anchors also explored the markets' muted reaction to Nvidia CEO Jensen Huang's forecast of $1 trillion in AI chip revenue through the end of 2027. At Nvidia GTC, Jim shared his perspective on the future for the world's most valuable company. Also in focus: Bob Iger's legacy on his final day as Disney CEO, Delta's guidance lifts airline stocks, OpenAI vs. Anthropic, the chips in rally mode, diesel prices top $5/gallon. 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 Kintanilla,
0:04.8	on the opening bell hour of CNBC Squawk on the Street.
0:12.0	Good Tuesday morning. Welcome to Squawk on the Street.
0:16.0	I'm Carl Kintania with Jim Kramer, David Faber, here post-9 of the New York Stock Exchange.
0:20.0	Jim's at NVIDIA GTC in San Jose ahead of his live interview with Jensen Wong coming up to the next hour.
0:26.7	Meantime, oil maintaining a bid today.
0:28.9	Brent's above 100.
0:29.9	Diesel fuel tops $5 a gallon for the first time in nearly four years.
0:34.2	Got some reports of a tanker struck off the coast of Amman.
0:37.3	Futures, though, still in the
0:38.4	green as a two-day Fed meeting begins. Australia hikes a quarter point, and some companies
0:43.5	began offering some wartime earnings guidance. Our roadmap begins with oil and the mid-east conflict,
0:49.0	crude rising after yesterday's drop, and as we said, diesel about $5 a gallon, first time since 22.
0:55.5	Also ahead, we've got a massive forecast from NVIDIA CEO Jensen Wong. The company's projecting
1:00.8	a trillion dollars in AI chip revenue. That is through the end of next year. He's going to join
1:05.8	Jim next hour. It's going to be a live interview with Mr. Wong. Plus, we're going to look back at Bob Iger's second tenure as Disney CEO.
1:15.1	Josh DeMorrow is set to succeed him in the top job tomorrow.
1:21.7	Let's begin with the markets following the S&P's best one-day performance since the beginning of February, Jim.
1:27.8	People starting to talk about levels here, maybe the 20-day just above 6,800.
1:34.2	There is some good news.
1:36.9	Yeah, in what happened this morning, and I think people have to recognize,
	...

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