9AM HOUR: After the Sell-off: Marvell and Lumentum CEOs on Massive Deal, Anthropic's Amended IPO Filing, Kimberly-Clark CEO 11/2/26
Summary
Jim Cramer and David Faber open the month by analyzing market stability following a tech sell-off, highlighting the massive all-stock acquisition of Lumentum by Marvell and interviewing both CEOs. The hosts also dissect Anthropic’s amended S-1 filing, noting increased compute commitments and margin pressures, while discussing broader AI capital constraints. The segment concludes with Kimberly-Clark’s CEO explaining the strategic rationale behind its acquisition of Kenvue, addressing recent operational challenges and Tylenol litigation risks.
Topics discussed
Sponsors: Toyota Trucks and Fidelity Trader Plus
Market open: Midterms, jobs, and AI rebound hopes
Marvell-Lumentum deal and AI capex concerns
Anthropic IPO timing and capital access fears
Microsoft earnings, free cash flow, and peer comparison
EchoStar, T-Mobile, and Deutsche Bank tech upgrade
Mike Wilson's bullish call and midterm political risks
Intel decline, Lisa Su, and ServiceNow/IBM moves
Sponsors: Vantage Score and YouTube Premium
Interview: Marvell and Lumentum CEOs on the merger
Wrap-up of CEO interview and opening bell
Sponsor: Google Cloud Gemini
Anthropic amended S-1 filing analysis and revenue estimates
Bond market relief, Marriott, and SpaceX SPVs
Interview: Kimberly-Clark CEO on Kenvue acquisition
Election setup, bond yields, and AI debt issuance
CrowdStrike upgrade and pre-bell market wrap
Disclaimer and Fidelity Basket sponsor
Listen ad-free on Castria