Carl Quintanilla, Jim Cramer and David Faber led off the show with the extension of the chip sector sell-off as AI jitters sparked buying in other groups: The software sector among the tech winners, while the Dow received a boost from Coca-Cola — whose earnings beat sent the stock to a record high. Speaking of Dow components, Boeing CEO Kelly Ortberg joined the program to discuss the company&#x27;s Q2 results and why the stock has slumped over the past twelve months. Also in focus: The anchors discussed where companies&#x27; AI capex budgets should fit into your investment strategy, Johnson &amp; Johnson&#x27;s $5.5 billion talc settlement, Meta-BlackRock AI data center partnership, Apple CEO Tim Cook and incoming CEO John Ternus on the red carpet.<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: Chip Sell-Off and Pain in the AI trade, Boeing CEO Exclusive, Coca-Cola Surges 7/28/26

Squawk on the Street

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[SPEAKER_B] Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer, David Faber, and Post 9 of the New York Stock Exchange. The broadening continues as tech is hit hard in Asia overnight. South Korea down 11%, the third largest one-day drop there ever. Japan down 4%. But some strong results from Coke and Sherwin-Williams going to help the Dow. Fed meeting begins today. Rates and oil doing their part. Brent below $87. We'll get Conference Board in about an hour. Our roadmap begins with the chips and memory crunch. Those stocks on pace for one of the worst performing months on record.

9am Hour: Chip Sell-Off and Pain in the AI trade, Boeing CEO Exclusive, Coca-Cola Surges 7/28/26

Read the full transcript

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

9am Hour: Chip Sell-Off and Pain in the AI trade, Boeing CEO Exclusive, Coca-Cola Surges 7/28/26

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.