AI Rally Detour for Micron, Walgreens Plummets, $2T Amazon 6/27/24

Carl Quintanilla and Jim Cramer led off the show with shares of Micron down sharply after the chipmaker's guidance overshadowed better-than-expected quarterly results. What does this mean for the AI trade? The anchors also discussed what to make of Walgreens Boots Alliance shares plunging by more than 20%. The drugstore chain posted an earnings miss, slashed full-year guidance and announced store closures. Also in focus: Amazon joins the $2 trillion valuation club, Nvidia CEO Jensen Huang on robotics, Levi Strauss tumbles, bank stress test results, Nike earnings preview. Squawk on the Street Disclaimer

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The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.