Squawk on the Street Tech Gains, Meta-Nvidia "Millions," Titans and the AI trade 2/18/26
14 snips
Feb 18, 2026 Tech stocks rebound and Amazon breaks a long skid as Nvidia and Meta strike a massive chip deal. Big cloud players’ heavy CapEx and data center power needs get debated. AI titans, Anthropic and enterprise adoption are mapped out without definitive answers. Energy moves on U.S.-Iran tensions and MSG considers splitting its Knicks and Rangers businesses.
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Meta Moves Toward Its Own Web Services
- Meta is moving beyond advertising by locking up massive data-center materials and buying millions of AI chips.
- That suggests Meta may be building its own large-scale web services infrastructure.
Cramer’s Eye Surgery Story About NVIDIA
- Jim Cramer shared a personal moment about having eye surgery and joking about not seeing NVIDIA's movements.
- He used the anecdote to segue into discussing NVIDIA's market impact and reversals.
CapEx Intensity Is Raising Hyperscaler Risk
- Hyperscalers are directing an unusually high share of operating cash flow into CapEx, raising platform and execution risk.
- That intensive spending compresses multiples and increases the chance some winners won't justify current valuations.