Carl Quintanilla and Jim Cramer explored what to make of the pullback in the AI trade: Taiwan Semiconductor shares dragged the chip sector lower despite the company&#x27;s record quarterly results. A different story for UnitedHealth Group, up sharply on its blowout earnings and raised guidance. The anchors discussed the SpaceX stock slump one day after shares fell below their $135 IPO price for the first time ever. Also in focus: Earnings movers from GE Aerospace to United Airlines; June retail sales reaction; Uber to buy Germany&#x27;s Delivery Hero in a $14.8 billion deal; Eli Lilly&#x27;s psychedelic M&amp;A takeover; FDA approves Merck&#x27;s new cholesterol pill; Trump Media&#x27;s new move; Cramer previews the CNBC Investing Club Monthly Meeting.<br><br>Squawk on the Street Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

9am Hour: Taiwan Semi and AI Trade Pain, UnitedHealth Surges, SpaceX Falls Below IPO Price 7/16/26

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[SPEAKER_02] Insight and analysis. You're listening to the opening bell of CNBC's Squawk on the Street.

[SPEAKER_03] Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Quintanillo with Jim Cramer, Post 9 of the New York Stock Exchange. David Faber has the morning off. Some continued weakness in tech getting most of the attention this morning as Taiwan Semi results are unable to impress. Sandisk down almost 40% from the recent high. Yields are higher despite the weakest retail sales print in five months. Oil is higher on reports. The White House leaning toward more escalation in Iran. Looks like a return to

[SPEAKER_03] four dollar average gas prices are in our near future. Our roadmap begins with this volatility in the AI trade. Taiwan Semi under pressure despite another record quarter. Different story for UNH rising sharply on this quarterly beat and raised guidance.

9am Hour: Taiwan Semi and AI Trade Pain, UnitedHealth Surges, SpaceX Falls Below IPO Price 7/16/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

9am Hour: Taiwan Semi and AI Trade Pain, UnitedHealth Surges, SpaceX Falls Below IPO Price 7/16/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.