Carl Quintanilla, Jim Cramer and David Faber drilled down on tech and the AI trade: Salesforce shares fell in reaction to the company&#x27;s mixed Q1 results and lighter-than-expected revenue guidance for the current quarter. Shares of Snowflake soared on news of its Q1 beat, raised outlook and a $6 billion commitment to its multiyear partnership with Amazon&#x27;s AWS. On the M&amp;A front: Fertitta Entertainment agrees to buy Caesars Entertainment in an all-cash deal valued at $5.7 billion. Also in focus: Crude oil prices rise amid faltering hopes for a U.S.-Iran deal, Marvell extends its rally, Dell wins Pentagon contract, retailers surging on earnings, Meta launches subscriptions, Cramer&#x27;s take on investing in Microsoft, economic data deluge. 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 advertising.

9AM Hour: Salesforce Falls, Snowflake Soars, Fertitta Buys Caesars in $5.7B All-Cash Deal   5/28/26

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[SPEAKER_02] It's Jim Cramer here. You're listening to the opening bell on CNBC's Squawk on the Street. Don't miss a minute of the action.

[SPEAKER_11] Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer, David Faber, Post 9 of the New York Stock Exchange. Features trying to erase some early losses on some solid earnings out of specialty retail and some tech. Dell and Marvell up 5% plus. April PCE comes in warm up 3.8. That's a three-year high. Oil's a headwind, too, on these faltering hopes for an Iranian deal as the U.S. issues some strikes on Iranian drones and a missile aimed at Kuwait.

[SPEAKER_11] Our roadmap, though, begins with Salesforce sliding despite posting a beat, adding to its yearly losses, down more than 30% this year.

[SPEAKER_12] On the flip side, we've got shares of Snowflake up more than 30% this post earnings. The company also strengthening its relationship with Amazon Web Services. We'll give you all the details around that quarter and that move. Also got a takeover of Caesars for Fertitta's acquiring the company.

9AM Hour: Salesforce Falls, Snowflake Soars, Fertitta Buys Caesars in $5.7B All-Cash Deal 5/28/26

Read the full transcript

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

9AM Hour: Salesforce Falls, Snowflake Soars, Fertitta Buys Caesars in $5.7B All-Cash Deal 5/28/26

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.