Episode

AI stocks back in the spotlight... And a bold call for three rate hikes this year 8/12/26

Podcast: CNBC's "Fast Money"
Published: Aug 12, 2026
Duration seconds: 2614
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Canonical source: https://www.cnbc.com
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Summary

The traders debate what’s driving strength in the AI trade today, as stocks like CoreWeave, Nebius and Super Micro all surge double digits. We also get a fresh read on the AI buildout, with Cisco reporting Q2 numbers after the close. Then, BofA Securities’ U.S. economics head explains why three rate hikes this year could still be in the cards--even on the back of a muted CPI print. Plus, Google’s new AI smartphone lineup, a landmark social media trial hitting Meta and the big moves in restaurant stocks catching the attention of our traders today. Fast Money Disclaimer