Squawk on the Street SOTS 2nd Hour: Micron Takeaways, Alibaba Spending Plans, & A New Nvidia Challenger... PLUS: PGA of America CEO Talks Ryder Cup 9/24/25
Sep 24, 2025
Gabriela Santos, Chief Market Strategist for J.P. Morgan, dives into market dynamics driven by monetary policy and the implications for stocks and bonds. Jonathan Ross, Founder and CEO of Groq, explains his company's innovative approach to AI chips, focusing on cost and energy efficiency. Diana Olick reports on surprising new home sales figures, highlighting a rise in prices despite mortgage rate challenges. Plus, insights on Alibaba's massive $53 billion AI spending and the economic impact of the upcoming Ryder Cup.
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AI Buyers Power Micron's Cycle
- Micron's current cycle is driven by AI customers like NVIDIA, AMD, and Broadcom rather than distributors.
- That concentration gives Micron pricing power and could sustain tight DRAM supply into 2026–27.
Winners Within Semi-Equipment Vary
- Some semiconductor equipment names face China competition while others gain from memory-focused spend.
- LAM Research and ASML look well positioned for memory-related investment and Taiwan Semi's planned spending.
Alibaba's Huge AI Spending Pledge
- Alibaba pledged about $53 billion over three years to AI models and infrastructure while still planning to use NVIDIA development tools.
- The move signals China's political will to accelerate homegrown AI and chip capabilities despite export curbs.