Squawk on the Street
Stocks Fall and Oil Prices Extend Rally, Broadcom's AI Boost, Anthropic-Pentagon Tensions 3/5/26
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Show notes
Carl Quintanilla, Jim Cramer and David Faber discussed stocks pulling back and oil continuing to rally as the Iran war enters day six. Broadcom shares jump on a Q1 earnings beat and a forecast of AI chip sales surpassing $100 billion in 2027. The anchors also reacted to published reports on tensions between the Pentagon and Anthropic, including CEO Dario Amodei's employee memo referencing the Trump Administration and slamming OpenAI CEO Sam Altman. Also in focus: What Berkshire Hathaway's new CEO Greg Abel told CNBC about resuming buybacks, software stocks extend rebound, Nvidia CEO Jensen Huang on investing in OpenAI, BlackRock slashes another private credit loan to zero.
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