Nvidia is taking in $500 billion in new financing from major Wall Street firms as CEO Jensen Huang touts chips as the next “investable asset.” Former senior White House policy advisor on AI Sriram Krishnan discusses America’s tech race with China and the next opportunities in artificial intelligence, including in cyber security. CNBC’s Dan Murphy reports on the new normal in the Strait of Hormuz, a Tesla-SpaceX merger could fast-track Elon Musk’s pay package, and a Staten Island judge has ordered an emergency pause on Mayor Mamdani’s new pied-a-terre tax. Plus, Virginia Governor Abigail Spanberger is intervening in the sale of Dominion Energy to an out-of-state company. The moderate democrat discusses Virginia’s business ecosystem and the primaries underway in multiple states across the country. Dan Murphy - 04:22 Gov. Abigail Spanberger - 15:06 Sriram Krishnan - 31:53 In this episode: Abigail Spanberger, @GovernorVA Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Dan Murphy, @dan_murphy Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nvidia’s Investable Chips, the VA Governor, & AI Gone Rogue 8/11/26

Squawk Pod

[SPEAKER_07] Bring in show music, please.

[SPEAKER_02] Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod. The Governor and the nearly $70 billion merger. Virginia's Abigail Spanberger are taking the rare step of intervening in the sale of Dominion Energy to an out-of-state company.

[SPEAKER_04] For a merger this size, wholly unprecedented in Virginia's history, it is important that Virginians know that there is someone advocating for their priorities throughout the entirety of the process.

[SPEAKER_02] And it is primary day in a few states, the moderate Democrat on the political landscape.

[SPEAKER_04] Anyone who's running for office should be telling voters what it is that they are for, what it is they intend to do, who they are as people, what experience they bring to bear.

[SPEAKER_02] The AI race between the U.S. and China playing out in hacks. Sriram Krishnan, former White House advisor for AI, joins us.

[SPEAKER_00] I think this is a great moment for open source. The hugging face as the company used a Chinese open source model to defend themselves because it turns out that closed models refused to help them.

[SPEAKER_02] Plus, the newest asset class, chips. The latest in the Mideast with CNBC's Dan Murphy.

[SPEAKER_06] Well, the question for energy markets this morning is really whether the situation in the straight is just the new normal.

[SPEAKER_02] Elon Musk's big payday and the president's great escape into a catering cart.

[SPEAKER_05] The entire purpose of taking him off the plane was because you believe that somebody is going to hit the plane.

[SPEAKER_03] Right, right. And you're putting all those other people in danger.

[SPEAKER_02] It's Tuesday, August 11th, 2026. Squawk Pod begins right now.

Nvidia’s Investable Chips, the VA Governor, & AI Gone Rogue 8/11/26

Read the full transcript

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

Nvidia’s Investable Chips, the VA Governor, & AI Gone Rogue 8/11/26

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.