Squawk Pod: House Minority Leader Jeffries & SpaceX Investor Mark Pincus - 06/25/26 | Audio Only
Speakers
Kristina Partsinevelos
— Markets Reporter, CNBC
Mark Pincus
— Zynga founder, Reinvent Capital partner
Summary
The episode discusses New York Democratic primary results with House Minority Leader Hakeem Jeffries and the future of the party; Zynga founder Mark Pincus shares lessons from his book and investments in SpaceX and Anthropic. CNBC's Kristina Partsinevelos reports on strong surges in Micron and Qualcomm driven by AI demand and long-term supply agreements.
- Micron up 16% after signing long-term deals guaranteeing $100B+ revenue through 2030 and extending supply shortage beyond 2027.
- Qualcomm up 12% after raising non-handset revenue target to $40B by 2029, with $15B from data center and new hyperscaler deals.
- Hakeem Jeffries reacts to progressive primary wins in NYC, emphasizing a 'strong floor, no ceiling' economic vision.
- Mark Pincus promotes his book 'Life at the Speed of Play' and explains his investing thesis behind SpaceX and Anthropic.
- Hosts note the rapid decline in oil prices and debate whether AI buildout will continue indefinitely.
- Korean memory names Samsung and SK hynix also rallied as a spillover from Micron's guidance.
Ideas
Micron's boom-bust cycle is breaking.
Micron has signed 14 long-term customer agreements locking in over $100 billion in minimum guaranteed revenue through 2030, supply shortages are now expected past 2027 due to fab, labor and energy constraints, and management indicates margins staying exceptionally high, breaking the historical boom-bust memory cycle.
Qualcomm expanding into data center chips.
Qualcomm raised its non-handset revenue target to $40 billion by 2029, with $15 billion from data center alone, a completely new category; it secured supply through long-term agreements, named Meta as a first data center CPU customer, and signed two hyperscaler deals for custom chips, reducing its dependence on smartphones.
Up Next
This CNBC video, published June 25, 2026, features Kristina Partsinevelos discussing MU, QCOM. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Kristina Partsinevelos · Tickers: MU, QCOM