11AM Hour: Pershing Square's Bill Ackman, Breaking Down Tech Earnings & New Web Security Flaw Uncovered 10/22/26
Summary
Roundhill CEO Dave Mazza discusses the tech sell-off, noting that memory and neocloud stocks are facing valuation pressures due to rising capital costs and Meta's increased capex guidance. Pershing Square’s Bill Ackman joins from Tel Aviv to detail his bullish thesis on Israel’s economy, his conviction in Fannie Mae and Freddie Mac privatization, and his defense of Meta despite recent volatility. The segment also covers rising oil prices amid escalating US-Iran tensions and concludes with CNBC’s survey on public sentiment regarding AI infrastructure.
Topics discussed
Sponsor: Park Place Technologies
Show intro and agenda: Ackman, AI, elections
Market update: Dow, S&P, Nasdaq, yields
AI capital scarcity and memory stock sentiment
Funding AI growth: Meta and Lam Research guidance
Neocloud pushback and market reaction
Open-weight models and inference token usage
AI valuations, Nscale, and Neocloud ETF flows
Oil prices rising on Iran and Houthi escalation
Valero earnings and global crude freight rates
Sponsors: Vantage Score and Wise
Sponsors: Wise and Schwab
Upcoming elections in Israel and US midterms
Bill Ackman: Investing in Israel's economy
Ackman: Israel as a tech hub and startup ecosystem
Ackman: Political outlook and Tel Aviv Stock Exchange
Ackman: US-Iran strategy and peace dividend
Ackman: US-Israel relations and political risks
Ackman: Portfolio performance and Fannie/Freddie
Ackman: Netflix outlook and content strategy
Ackman: Fannie/Freddie privatization plan
Ackman: Meta CapEx, California taxes, and AI compute
Ackman: Bitcoin, leverage, and closing remarks
Post-interview market recap
Sponsors: Energy Transfer, Google, Schwab
CNBC Survey: Public opinion on AI data centers
World Cup streaming rights and media deals
Critical cybersecurity flaw in internet software
Recap: Ackman's key points and stock moves
Disclaimer and sponsor: Home storage
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