Energy Secretary Chris Wright joins Squawk on the Street to discuss the future of nuclear power in the U.S., the administration’s approach to Iran sanctions, and the outlook for domestic energy production. Plus, Apple’s latest price increases put the spotlight on rising memory costs as AI demand sends memory-chip stocks soaring.<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: U.S. Energy Secretary Chris Wright, Apple Raises Prices Due to Memory Crunch, Micron Soars 6/25/26

Squawk on the Street

# Full Transcript

**Podcast:** Squawk on the Street

## Participants

- **Carl Quintanilla** (CNBC)
- **Leslie Picker** (CNBC)
- **David Faber** (CNBC)
- **Mackenzie Cigalos** (CNBC)
- **Adam Parker** (None)
- **Mark Zandy** (Moody's)
- **Dave Mazza** (Roundhill)
- **Pippa Stevens** (CNBC)

## Transcript

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[SPEAKER_07] Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Leslie Picker, David Faber here at Post 9 of the New York Stock Exchange. Sarah Eisen is off. Coming up, Micron shares are higher but off the opening highs after this blowout quarter as the memory crunch boosts revenue off the best levels, as we said. And the Nasdaq has given up early gains, now down more than 1%. We'll talk to the head of viral DRAM ETF, which counts Micron among the top holdings. Energy Secretary Chris Wright's with us as oil prices fall close to some pre-war levels

[SPEAKER_07] and as the administration marks a milestone around nuclear energy. And it is one of the final Supreme Court opinion days of the session. We are awaiting a potential decision regarding the president's authority to fire Fed Governor Cook. We'll get you those headlines if and when we get them.

[SPEAKER_17] But let's begin with breaking news this morning on Apple. Shares are getting hit this morning, down 4.8% after the company officially raised prices on a number of products due to the skyrocketing costs of memory and storage. Mackenzie Cigalos joins us now with more. Hey, Matt.

[SPEAKER_15] Hey, Leslie. So those shares falling this morning as investors digest the company's first real move to pass the AI memory crunch directly on to consumers. The Apple Store is down for nearly an hour this morning as the company re-racked pricing across parts of its MacBook and iPad lineup. The increases are roughly in the range of $100 to $300, depending on the device. So this is not across the board and it is not touching the current iPhone lineup, at least not yet. But it is a clear signal that the cost pressure has finally gotten too big

[SPEAKER_15] for Apple to fully absorb. The company is saying in a statement this morning that the consumer electronics industry is facing what it referred to as an unprecedented challenge with AI data centers driving...

10AM Hour: U.S. Energy Secretary Chris Wright, Apple Raises Prices Due to Memory Crunch, Micron Soars 6/25/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

10AM Hour: U.S. Energy Secretary Chris Wright, Apple Raises Prices Due to Memory Crunch, Micron Soars 6/25/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.