9AM Hour - Markets Extend Record Run, Micron Scores an AI Trade Triple, SpaceX IPO Watch: Stocks in Rocket Mode 5/26/26
Squawk on the Street
- Published
- May 26, 2026
- Duration
- 43:15
- Summary source
- description
- Last updated
- Jun 7, 2026
Discusses anthropic, ai-regulation, investing.
Summary
Carl Quintanilla, Jim Cramer and David Faber explored what to make of the S&P 500 hitting a fresh record high, helped by hopes for a peace deal between the U.S. and Iran. The AI trade also fueling gains on Wall Street: Micron shares soared and lifted the chip sector after UBS more than tripled its price target on the stock to $1,625. The anchors discussed…
Cramer and Faber debate AI's unstoppable momentum, Micron's surging price targets, SpaceX's historic IPO, and whether tech giants like Microsoft are becoming irrelevant as Anthropic's growth shows signs of slowing.
Key takeaways
- Memory chip stocks like Micron are surging due to an unprecedented supply shortage driven by AI infrastructure demand, with UBS tripling its price target to $162.50, yet analysts warn the rally won't move in a straight line.
- Anthropic's revenue growth rate is showing early signs of deceleration—from a $9B ARR at year-start to $44B in mid-April to a projected $50B by end of June—raising questions about whether AI spending ROI justifies enterprise costs.
- The SpaceX IPO, potentially the largest in history at a $1.5–$2 trillion valuation, is creating a 'halo trade' lifting upstream space suppliers like Rocket Lab, Red Wire, and Intuitive Machines even before pricing.
Why this matters
For B2B investors and enterprise technology buyers, the convergence of an AI-driven memory commodity supercycle, early signals of AI budget fatigue at scale, and the imminent SpaceX IPO are reshaping capital allocation priorities across semiconductors, cloud infrastructure, and the emerging space economy.
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9AM Hour - Markets Extend Record Run, Micron Scores an AI Trade Triple, SpaceX IPO Watch: Stocks in Rocket Mode 5/26/26
Squawk on the Street
May 26, 2026
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Show notes
Carl Quintanilla, Jim Cramer and David Faber explored what to make of the S&P 500 hitting a fresh record high, helped by hopes for a peace deal between the U.S. and Iran. The AI trade also fueling gains on Wall Street: Micron shares soared and lifted the chip sector after UBS more than tripled its price target on the stock to $1,625. The anchors discussed other stories on the AI front: Pope Leo XIV's AI warning, an Anthropic co-founder on guiding AI, OpenAl CEO Sam Altman refutes the idea of a "
Themes
- anthropic
- ai-regulation
- investing