Semis in focus as Broadcom unveils a new custom chip with OpenAI, Micron awaits earnings after the bell, and Cerebras shares slump on the company&#x27;s first report as a public company. Cerebras&#x27; CEO joined the team with his first take on the stock move. Plus: a live look at the world&#x27;s largest gas turbine engine factory - and what it means for stocks like GE Vernova - along with reaction from the head of one of the nation&#x27;s biggest homebuilders to the President&#x27;s surprise pivot on a key housing affordability bill.<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.

11AM Hour: Cerebras CEO Talks Results, GEV's Turbine Dreams, & Trump's Housing Pivot 6/24/26

Squawk on the Street

[SPEAKER_A] 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/marketupdatepodcast or find Schwab Market Update wherever you get your podcasts.

[SPEAKER_B] Not every sale happens at the register. Before AT&T Business Wireless, checking out customers on our mobile POS systems took too long. Basically a staring contest where everyone loses. It's crazy what people will say during an awkward silence. Now transactions are done before the silence takes hold. That means I can focus on the task at hand and make an extra sale or two. Sometimes I do miss the bonding time. Sometimes.

[SPEAKER_C] AT&T Business Wireless. Connecting changes everything.

[SPEAKER_D] Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Leslie Picker here at Post 9 of the New York Stock Exchange. Sarah Eisen's off today. Shares of Cerebras tumbling today after its first earnings report since the IPO. Chipmaker forecasting some shrinking margins. Company CEO is going to join us first on CNBC to talk about the quarter and the outlook.

[SPEAKER_E] Plus, Congress passing the largest housing affordability bill in decades, but the President reversing course, canceling a planned signing next hour. We'll discuss what it means for the housing sector with the CEO of TriPointe Homes.

[SPEAKER_D] Speaking of affordability, this Bezos-backed electric pickup looks to challenge Ford for the title of the cheapest EV truck in the country. You'll hear why Slate Auto CEO expects every vehicle will be gross margin positive.

11AM Hour: Cerebras CEO Talks Results, GEV's Turbine Dreams, & Trump's Housing Pivot 6/24/26

Read the full transcript

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

11AM Hour: Cerebras CEO Talks Results, GEV's Turbine Dreams, & Trump's Housing Pivot 6/24/26

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.