Squawk on the Street Fed Decision Day, Hot PPI and Oil Prices Weigh on Stocks, Jensen Huang on "The Next ChatGPT" 3/18/26
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Mar 18, 2026 They dig into a sudden oil spike and a hotter-than-expected PPI and how those shocks could pressure the market. The Fed decision and its inflation signal loom large amid Iran-related risks. A big segment covers Jensen Huang’s new AI agent OpenClaw and the idea of Nvidia reaching unprecedented market value. Also covered: red-hot memory chip stocks, corporate moves at Disney and a notable Starbucks downgrade.
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OpenClaw Framed As The Next AI Wave
- Jensen Huang called OpenClaw the "next ChatGPT" and positioned agents as a major new AI frontier that will proliferate across users and enterprises.
- Jim Cramer and Jensen argued OpenClaw's open-source spread plus NVIDIA hardware improvements could unlock new enterprise demand beyond current numbers.
Agents Change The Chip Economics
- OpenClaw agents will shift compute economics by using cheaper memory and many CPUs, reviving demand for CPUs and SRAM versus expensive high-bandwidth memory.
- Jensen suggested hyperscalers may build their own accelerators, but NVIDIA's cheaper, efficient stack remains compelling.
How To Kickstart NVIDIA's Next Rally
- To move NVIDIA stock, Jim recommended an earnings upside surprise and reduced professional selling of calls that dampen rallies.
- Jensen acknowledged institutions are saturated, so only clear earnings beats and broader S&P strength will re-accelerate the stock.