Squawk on the Street Intel Tumbles, Nvidia Rises, Winter Storm Impact 1/23/26
10 snips
Jan 23, 2026 AI chip demand lifts Nvidia as China reportedly prepares orders for H200 silicon. Intel slides on weak guidance and supply constraints. Natural gas spikes and hundreds of flights get canceled ahead of a major winter storm. Markets see record highs in small caps, transports and precious metals amid debates on inflation, Fed choices and big-bank legal battles.
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Intel's Miss Was A Supply Problem
- Intel missed guidance because it cannot meet data-center demand, not because demand is weak.
- Jim Cramer sees the shortfall as a supply problem that should reverse with execution improvements.
China H200 Reports Lift Nvidia Optimism
- Nvidia gained on reports China told firms to prepare orders for H200 chips, boosting optimism for AI demand.
- Cramer warns to be skeptical of leaks but still views Nvidia as fundamentally strong.
Buy Patience On Intel Pullbacks
- Let Intel shares fall if they do, then consider buying into the turnaround ahead of analyst day.
- Cramer recommends taking the contrarian trade while yields and production issues are fixed.