U.S.-Iran strikes, Snowflake soars, Robinhood's new AI tools and more in Morning Squawk
In this article DXCM Follow your favorite stocks CREATE FREE ACCOUNT This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your
In this article DXCM Follow your favorite stocks CREATE FREE ACCOUNT This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you're attending CNBC Pro Live tonight at the Nasdaq MarketSite, look out for me at the cocktail hour. Stock futures are lower this morning after all three major averages eked out gains yesterday. Here are five key things investors need to know to start the trading day 1. Trading strikes The Jag Aalok bulk carrier anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026. Tim Rue | Bloomberg | Getty Images 2. Winter wonderland This photograph taken on January 20, 2026 shows the logo of US cloud-based data platform company Snowflake in the Alpine resort of Davos during the World Economic Forum (WEF) annual meeting. The World Economic Forum takes place in Davos from January 19 to January 23, 2026. Ina Fassbender | Afp | Getty Images Snowflake reported stronger-than-expected results for its first quarter Wednesday, also announcing a $6 billion spending commitment to Amazon Web Services.
Shares of the company soared more than 37% in extended trading, putting the stock on track for its best day ever. As CNBC's Jordan Novet and Katie Tarasov report, the deal includes the purchase of Amazon's custom silicon and chips for artificial intelligence. Snowflake also said it is acquiring AI startup Natoma. Elsewhere in tech: Salesforce beat Wall Street's first-quarter estimates on both lines, but the software company's full-year outlook came up sightly short of forecasts. 3. What's the deal Jamie Dimon, chief executive officer of JPMorgan Chase & Co., right, departs the US Capitol in Washington, DC, US, on Wednesday, Feb. 25, 2026. Graeme Sloan | Bloomberg | Getty Images JPMorgan Chase could be going into M&A mode. CEO Jamie Dimon said yesterday that the bank could spend as much as $20 billion on an acquisition in the next couple of years, telling a conference in New York that the bank is "on the lookout" for opportunities. As CNBC's Hugh Son notes, a deal of that size would be the largest of Dimon's two-decade tenure at JPMorgan's helm.
But Dimon also characterized acquisitions as a last-resort mechanism, rather than a growth strategy. When bankers focus too much on dealmaking, he said, it can be a way to hide lackluster organic expansion. Get Morning Squawk directly in your inbox CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning. Subscribe here to get access today. 4. Online shopping In this photo illustration, the Robinhood application is displayed on an iPhone on December 17, 2020 in San Anselmo, California. Justin Sullivan | Getty Images Your wallet and investing portfolio could soon be managed by AI. Robinhood unveiled tools yesterday that will allow AI agents to trade stocks and conduct purchases. Users will be able to instruct their agents to rebalance portfolios, monitor investing themes and execute trading strategies. They'll also be able to have agents deal hunt and make purchases using virtual credit cards. As CNBC's Yun Li reports, Robinhood's new products represent one of the first attempts to put AI finance tools in the hands of regular investors, rather than institutions.
5. Diss track The 2024 Lamborghini Revuelto. Danielle DeVries | CNBC Lamborghini CEO Stephan Winkelmann is feeling vindicated as Ferrari receives backlash for its new all-electric vehicle. Winkelmann told CNBC's Michael Wayland yesterday that his company's decision to cancel its all-electric cars to focus on hybrid vehicles was "the right way to go." Ferrari's stock sold off earlier this week after it unveiled its first-ever entirely electric model. The chief executive said that every brand "has to decide for themselves" and that "everybody has their own strategy." But Winkelmann said the acceptance of EVs among Lamborghini's customer base hasn't been increasing. The Daily Dividend
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