Nvidia and AMD Up the Ante on AI, Paramount M&A Update, GameStop Soars, J&J CEO Exclusive 06/03/24

On the first trading day of June, Carl Quintanilla, Jim Cramer and David Faber explored the AI chips race. Nvidia unveiled its next-generation platform and said it plans to roll out versions of its AI chips every year. AMD launched its own lineup of AI chips in an effort to take on its trillion-dollar rival. David reported that Skydance is poised to announce a takeover of Paramount Global in the coming days. Also in focus: An exclusive interview with Johnson & Johnson CEO Joaquin Duato, GameStop shares soar as meme stock madness returns, Tesla strikes back at ISS ahead of this month’s Elon Musk pay package vote. Squawk on the Street Disclaimer