Squawk on the Street Squawk on the Street

9AM HOUR: SK Hynix Leads AI Trade Revival, GE Vernova Erases Gains, Fed Decision Day 10/28/26

Oct 28, 2026 · 42m

Summary

Squawk on the Street covers the AI trade's rebound following strong earnings from SK Hynix and GE Vernova, while discussing Sam Altman's warnings on AI cybersecurity vulnerabilities. The hosts analyze the upcoming Fed decision, noting a low probability of a rate hike, and review resilient consumer spending data from Visa. Additional topics include Robin Hood's earnings, the impact of AI on housing and labor markets, and a deep dive into the circularity of AI funding involving companies like Nvidia and OpenAI.

Topics discussed

Sponsor: Energy Transfer Show Introduction Market Overview: SK Hynix, Vertiv, and AI Cybersecurity Investor Skepticism and Vertiv Earnings Call Analysis Vertiv Valuation, Buybacks, and Trench Group Acquisition Data Center Sentiment and Vertiv Downtrend Neoclouds, Musk, and CoreWeave Debt Anthropic Profitability and Portfolio Diversification Boston Scientific, Warehousing, and Data Center Needs Personal Anecdotes: Supplements and Book Sales in Korea Diversification Trade and Fast Food Stocks Union Background and Career History Sponsor: Vantage Score Sponsor: Energy Transfer Fed Rate Decision Expectations and Housing Impact Housing Market Weight and Purchasing Power Critique of Fed Chair's Historical View Sponsors: Air France and Machine Gods Podcast Fluent Financial: Crypto, Options, and Savings Fluent Financial Business Mix and Spending Concerns AI Cybersecurity Vulnerabilities and Patching Challenges Real-Time Software Patching and Board Concerns Swarm Agents and Instantaneous Exploitation Risks Company-Specific Cyber Risks and Expert Interviews Personal Advice: Printing Bank Statements Sponsors: Chip Equipment and Peakbot SK Hynix as Market Predictor Finding Market Weakness and Vertiv Pre-Market Move Vertiv Growth vs. Investor Caution Trench Group Acquisition Details and Funding Grid Rebuilding, Reshoring, and Election Wait-and-See Auto Chip Stocks and SK Hynix Long-Term Agreements Sanjay Mehrotra, Micron, and New York Plant Personal Anecdote: Meeting a CEO at a Super Bowl Comps, Brinker, and Cheesecake Factory Performance Lilly, Wingstop, and Stock Trend Reversals Wingstop Downtrend Break and Lilly Numbers Alphabet Market Value and YouTube Vernon Davis, Seagate, and Conference Call Glitch Seagate 200-Day Moving Average and GE Healthcare GE Vernova Credit Rating and Gas Turbine Deal Charitable Trust Stock Purchases and Valuation Funding Strategy and SpaceX Ownership Desire Corning, Starlink, and Rural Connectivity Threats Seagate Robot Business Strategy Open Water Swimming and Wetsuits Fly Fishing, Bonds, and Fed Decision Watch Visa Spending Stability and October Deceleration Microsoft Layoffs and AI Job Loss Impact Julie Sweet Buying Accenture Stock Accenture as AI Beneficiary and Cybersecurity Experts Fuel Costs and Sign-Off Disclaimer
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