Buzzberg Cup Live

Market Close: Stocks Higher; SK Hynix Surges, Earnings Season Nears • 7/10/26

Watch on YouTube ↗  |  July 10, 2026 at 20:39  |  3:53  |  CNBC
Speakers
Jeremy Siegel — Professor of Finance, Wharton School
Kristina Partsinevelos — Markets Reporter, CNBC
Robin Brooks — Senior Fellow, Brookings Institution
Ed Bastian — CEO of Delta Air Lines

Summary

Markets ended higher Friday with the Dow, S&P 500, and Nasdaq all gaining. Nvidia and Nike led, while energy and transport stocks hit new highs. Iran oil situation kept crude near $71. SK Hynix's US IPO surged on AI memory strength. Earnings season preview: Wharton's Jeremy Siegel flagged chip sector froth, and Delta CEO emphasized strong travel demand.

  • Dow up 149 points, S&P 500 +31, Nasdaq +74 on Friday
  • Nvidia and Nike shares each rose about 4%
  • Marathon Petroleum, Phillips 66, Valero, CSX, Norfolk Southern, MetLife, Cloudflare hit all-time highs
  • US crude oil near $71 as Iran blockade debate resurfaces
  • Jeremy Siegel warns of froth in semiconductor stocks and potential margin compression
  • SK Hynix ADR debuts with 13% gain, driven by AI high-bandwidth memory leadership
  • Delta CEO Ed Bastian cites strong travel demand and $1.4B profit despite fuel cost jump
  • Upcoming earnings include big banks, Netflix, Taiwan Semi, United Airlines, United Health
Ideas
Jeremy Siegel Professor of Finance, Wharton School 1:36
Chip margins may not hold up
He is cautious on chip stocks, noting froth and questioning whether semiconductor margins can hold up as the sector may become commoditized. The surge in technology earnings is unprecedented, raising the risk that margins will not be sustained.
SMH MED
Kristina Partsinevelos Markets Reporter, CNBC 2:20
SK Hynix leads AI memory supply
SK Hynix is the world leader in high bandwidth memory, which feeds all AI chips, and is Nvidia's biggest memory supplier. This strong AI-driven demand relationship underpins its US IPO and recent surge.
000660.KS MED
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This CNBC video, published July 10, 2026, features Jeremy Siegel, Kristina Partsinevelos discussing SMH, 000660.KS. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jeremy Siegel, Kristina Partsinevelos  · Tickers: SMH, 000660.KS