10AM Hour: AI’s Spending Surge, Oil Slides, and the SpaceX Ownership Question 6/9/26
Squawk on the Street
- Published
- June 9, 2026
- Duration
- 42:52
- Summary source
- description
- Last updated
- Jun 10, 2026
Discusses openai, anthropic, investing.
Summary
AI spending is hitting record highs, but where are investors placing their bets? On today’s Squawk on the Street, tech analyst Dan Niles explains why he prefers Anthropic over OpenAI, while the team examines the massive capital pouring into artificial intelligence. Plus, Energy Secretary Chris Wright’s comments send oil prices lower, and a closer look at …
Markets whipsaw as OpenAI files for IPO, AI capex approaches railroad-era levels of GDP, memory shortages fuel inflation fears, and retail SpaceX SPV investors may not own what they think they do.
Key takeaways
- Memory (DRAM) shortages are expected to add 40 basis points to year-over-year PCE inflation through 2026–2027, making chip-driven inflation more persistent than tariff or geopolitical pressures.
- AI infrastructure capex is approaching nearly 3% of U.S. GDP—rivaling railroad investment in the 1850s—with data center construction alone representing 2.3% of all U.S. construction spending.
- The wave of mega-tech IPOs (SpaceX, Anthropic, OpenAI) totaling ~$200B could trigger passive index rebalancing flows out of existing mega-cap tech names, creating meaningful market volatility.
Why this matters
For B2B investors and enterprise leaders, the convergence of AI-driven capex surges, persistent memory inflation, and landmark tech IPOs is reshaping capital allocation, supply chains, and competitive dynamics across nearly every industry sector.
Entities
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10AM Hour: AI’s Spending Surge, Oil Slides, and the SpaceX Ownership Question 6/9/26
Squawk on the Street
June 9, 2026
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Show notes
AI spending is hitting record highs, but where are investors placing their bets? On today’s Squawk on the Street, tech analyst Dan Niles explains why he prefers Anthropic over OpenAI, while the team examines the massive capital pouring into artificial intelligence. Plus, Energy Secretary Chris Wright’s comments send oil prices lower, and a closer look at the growing market for private-company shares raises a surprising question: Do retail investors buying SpaceX stock actually own what they thin
Themes
- openai
- anthropic
- investing