SoFi CEO Anthony Noto joins Squawk on the Street after the stock tumbles despite record quarterly net revenue, explaining the results and outlook for the fintech company. Plus, AI skeptic Ed Zitron weighs in on Mark Zuckerberg’s warning that artificial intelligence power is becoming too concentrated among a handful of frontier labs. And we examine the volatile memory-chip trade as SK Hynix reverses higher following a 250% surge in revenue.<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.

10AM Hour: SOFI CEO, Zuckerberg’s AI Vendetta, SK Hynix Results Fail to Impress 7/29/26

Squawk on the Street

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[SPEAKER_12] to learn more. This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information-packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com slash market update podcast, or find Schwab Market Update wherever you get your podcasts.

[SPEAKER_05] Today morning, welcome to Squawk on the Street. I'm Sarah Eisen with Carl Quintanilla and David Faber. We are live at Post 9 of the New York Stock Exchange. Stocks are under pressure on this Fed day with today's decision far from a foregone conclusion. We'll talk about what investors should expect from Chairman Warsh. Plus, SoFi out with earnings this morning. Stock is pulling back hard. We'll talk to the CEO Anthony Noto about the quarter first on CNBC in just a moment. And we'll get to the latest developments in the Middle East that are driving oil prices higher and weighing on market

[SPEAKER_05] sentiment. But guys, it is Fed day. So we're going to do a deep dive and show you the case for raising interest rates today. It's not what the market is priced in.

10AM Hour: SOFI CEO, Zuckerberg’s AI Vendetta, SK Hynix Results Fail to Impress 7/29/26

Read the full transcript

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

10AM Hour: SOFI CEO, Zuckerberg’s AI Vendetta, SK Hynix Results Fail to Impress 7/29/26

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.