Bernstein Analyst Stacy Rasgon discusses the rebound in chip stocks today ahead of SK Hynik&#x27;s debut on the Nasdaq tomorrow. Then, we break down PepsiCo&#x27;s latest earnings and discuss how they&#x27;re showing two different stories in the U.S. and abroad. Plus, we reveal the top state for AI from CNBC&#x27;s list of top states for business this year.<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: Chip Stocks Bounce Back, The Two Sides of PepsiCo Earnings & The Top State for AI 7/9/26

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[SPEAKER_10] Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kington. I was seeing my money here at Post 9 of the New York Stock Exchange. Sarah Eisen is off today. Chips definitely in focus. Meta reportedly plans to begin manufacturing its custom AI chip by September. And the highly anticipated U.S. debut for SK Hynix. Analyst Stacey Rasgin will join us to break down the sector's moves.

[SPEAKER_15] Plus, the U.S. and Iran launching strikes once again. Control of the Strait of Hormuz is a key focus. But what could it mean for future CHOP Talks? We're joined by one top former U.S. diplomat and a key figure behind President Obama's Iran deal. Why he says the options going forward don't look promising.

11AM Hour: Chip Stocks Bounce Back, The Two Sides of PepsiCo Earnings & The Top State for AI 7/9/26

Read the full transcript

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

11AM Hour: Chip Stocks Bounce Back, The Two Sides of PepsiCo Earnings & The Top State for AI 7/9/26

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.