On the final trading day of May, Carl Quintanilla, Jim Cramer and David Faber led off the show with Dell shares soaring more than 30% on the company&#x27;s blowout quarter and upbeat outlook. The anchors explored what it all means for the AI trade. They also discussed a bullish month of May and record highs for stocks, as well as the groups that have missed out on this month&#x27;s rally. WTI Crude on track for its worst month in more than a year amid hopes for a U.S.-Iran peace deal. Also in focus: Chevron&#x27;s CEO warns of a spike in oil prices this summer, Anthropic overtakes OpenAI on the valuation front, Elon Musk&#x27;s X post about SpaceX and Anthropic, Costco and Gap fall, earnings winners and losers, Clorox CEO to step down.<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: Dell Soars on Blowout Quarter, Bulls Rule in May, Bearish Month for Oil 5/29/26

Squawk on the Street

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[SPEAKER_09] Market insight and analysis. You're listening to the opening bell of CNBC's Squawk on the Street.

[SPEAKER_02] Good Friday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer, David Faber at Post 9 of the New York Stock Exchange. Final trading day of May. Bulls take aim at some fresh records. They'll approach 7,600, thanks in part to Dell's blowout quarter and hopes for some details around this reported MOU to extend the ceasefire with Iran. Oil is backing off West Texas below 87, now on pace for its worst month in more than a year.

9AM Hour: Dell Soars on Blowout Quarter, Bulls Rule in May, Bearish Month for Oil 5/29/26

Read the full transcript

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

9AM Hour: Dell Soars on Blowout Quarter, Bulls Rule in May, Bearish Month for Oil 5/29/26

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.