Carl Quintanilla, Jim Cramer and David Faber focused on the S&amp;P 500 and Nasdaq hitting record highs — and crude oil prices falling — on a published report that says the White House believes it&#x27;s nearing an agreement with Iran on a memorandum of understanding to end the war. The AI trade: AMD CEO Lisa Su joined the program exclusively to discuss the chipmaker&#x27;s quarterly beat and guidance that lifted the stock to a new all-time high. Also in focus: Nvidia-Corning AI partnership, Disney jumps on Q2 results, bookings guidance boosts Uber shares.<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.

Stocks Hit Record Highs, Oil Tumbles on Iran Deal Hopes, AMD CEO Exclusive 5/6/26

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[SPEAKER_D] Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer. David Faber is back at Post 9 of the New York Stock Exchange. Oil is plunging this morning, down 10% plus at the session lows on hopes that Iran will agree to this reported proposal to reopen the Strait of Hormuz. Futures sharply higher as well on the best ADP print in more than a year, 109K, plus strong results from Disney, Uber, and tons of news in semis. Our roadmap begins with futures rallying, oil plunging as the U.S. and Iran reportedly considering an agreement to end the war.

Stocks Hit Record Highs, Oil Tumbles on Iran Deal Hopes, AMD CEO Exclusive 5/6/26

Read the full transcript

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

Stocks Hit Record Highs, Oil Tumbles on Iran Deal Hopes, AMD CEO Exclusive 5/6/26

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.