11AM Hour: Mattel & Kraft Heinz CEOs on Earnings, SpaceX Shares Tumble & AI Hacks Intensify 8/5/26
Squawk on the Street
- Published
- August 5, 2026
- Duration
- 43:18
- Summary source
- description
- Last updated
- Aug 5, 2026
Discusses openai, anthropic, investing.
Summary
The CEOs of Mattel and Kraft Heinz join to break down their latest earnings and outlooks. Then, we discuss SpaceX's first earnings report as a public company with a top analyst who is maintaining a neutral rating on the stock. Plus, we bring you the details of OpenAI and Anthropic getting caught up in yet another cybersecurity issue. Squawk on the Street …
AMD tumbles despite record revenue, SpaceX capex spooks investors, Eli Lilly smashes estimates, and CEOs of Mattel and Kraft Heinz discuss turnaround strategies amid a cautious consumer backdrop.
Key takeaways
- Elon Musk announced SpaceX will build exclusively on Nvidia's Blackwell architecture, locking in billions in GPU revenue and deepening a circular financing relationship where Nvidia invests in xAI while also supplying its chips.
- AMD shares dropped ~7% despite a record 50% revenue jump and doubled data center sales, as the stock failed to beat whisper numbers, capex came in nearly 3x analyst models, and Musk's Nvidia-exclusive pivot removed a key demand signal.
- Eli Lilly raised its full-year revenue outlook to $85–87B, capturing 60%+ U.S. obesity/diabetes market share, with its new oral drug Foundeo showing no cannibalization of Zepbound—both products growing simultaneously.
Why this matters
The convergence of hyperscaler capex surges, Nvidia's deepening vendor-financing role, and AI agent cybersecurity vulnerabilities signals that enterprise technology leaders must simultaneously plan for accelerating AI infrastructure costs, supply concentration risk, and emerging agentic security threats.
Entities
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11AM Hour: Mattel & Kraft Heinz CEOs on Earnings, SpaceX Shares Tumble & AI Hacks Intensify 8/5/26
Squawk on the Street
August 5, 2026
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Show notes
The CEOs of Mattel and Kraft Heinz join to break down their latest earnings and outlooks. Then, we discuss SpaceX's first earnings report as a public company with a top analyst who is maintaining a neutral rating on the stock. Plus, we bring you the details of OpenAI and Anthropic getting caught up in yet another cybersecurity issue. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for adve
Themes
- openai
- anthropic
- investing