9am Hour: Tech Extends Rebound, OpenAI Joins the IPO Race, Apple Unveils "Siri AI" at WWDC 6/9/26
Squawk on the Street
- Published
- June 9, 2026
- Duration
- 42:42
- Summary source
- description
- Last updated
- Jun 10, 2026
Discusses openai, anthropic, investing.
Summary
Carl Quintanilla and Jim Cramer led off the show with the tech sector bouncing back from Friday's sell-off for a second straight day. Hear what Jim said about the chip sector rebound. The anchors discussed OpenAI confidentially filing for an IPO after last week's Anthropic filing to go public — and SpaceX slated for its Wall Street debut on Friday. Also i…
Cramer and Quintanilla break down the Nasdaq bounce, OpenAI's confidential IPO filing, Apple's WWDC AI moves, SpaceX pricing concerns, Nvidia's sovereign demand story, and why Oracle's earnings could be the week's real market catalyst.
Key takeaways
- Nvidia's stock stagnation around $209 signals that sovereign AI infrastructure orders—not just hyperscaler demand—are now the critical catalyst the market needs to sustain the broader tech rally.
- SailPoint's inability to raise guidance is acting as a leading indicator of weakness across enterprise software (IGV ETF), with slowing ARR growth and private credit exposure creating systemic concern for the sector.
- SpaceX's IPO pricing discipline is paramount—oversubscription must reach 10x to avoid a repeat of recent IPO failures, while OpenAI's confidential SEC filing and Anthropic's activity signal a compressed, high-stakes window for AI-era public market debuts.
Why this matters
The convergence of AI infrastructure capital raises (OpenAI, Anthropic, SpaceX), sovereign GPU procurement cycles, and enterprise software margin pressure is creating a bifurcated market where Nvidia's trajectory and a handful of IPO outcomes will determine whether the current tech rally broadens or collapses.
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9am Hour: Tech Extends Rebound, OpenAI Joins the IPO Race, Apple Unveils "Siri AI" at WWDC 6/9/26
Squawk on the Street
June 9, 2026
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Show notes
Carl Quintanilla and Jim Cramer led off the show with the tech sector bouncing back from Friday's sell-off for a second straight day. Hear what Jim said about the chip sector rebound. The anchors discussed OpenAI confidentially filing for an IPO after last week's Anthropic filing to go public — and SpaceX slated for its Wall Street debut on Friday. Also in focus: SpaceX's CFO on data centers in space, market reaction to Apple unveiling "Siri AI" at WWDC, GSK buys a cancer drug maker in a $10.6 b
Themes
- openai
- anthropic
- investing