# Stocks Slide From Record Highs, Trump-Xi Summit Recap, Cerebras After Its Blockbuster Debut 5/15/26

Page: https://stenobird.com/podcast/squawk-on-the-street-731896/stocks-slide-from-record-highs-trump-xi-summit-recap-cerebras-after-its-blockbuster-debut-5-15-26
Text version: https://stenobird.com/podcast/squawk-on-the-street-731896/stocks-slide-from-record-highs-trump-xi-summit-recap-cerebras-after-its-blockbuster-debut-5-15-26.md
Podcast: [Squawk on the Street](https://stenobird.com/podcast/squawk-on-the-street-731896)
Published: 2026-05-15T14:27:20+00:00
Episode link: https://www.cnbc.com
Audio file: https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/772daf2b-4aa5-445b-9969-6ecd181231b1/episodes/4ddb9fd2-83e4-41e1-bedb-bd509482de77/audio/128/default.mp3?aid=rss_feed&awCollectionId=772daf2b-4aa5-445b-9969-6ecd181231b1&awEpisodeId=4ddb9fd2-83e4-41e1-bedb-bd509482de77&feed=GcylmXl7
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Duration seconds: 2548

## Resource

Carl Quintanilla and Jim Cramer drilled down on a rough morning for stocks — especially tech -- one day after the Nasdaq and S&P 500 hit record highs. Jim highlighted the names he believes you should buy on the dip. The anchors also discussed Presidents Trump and Xi wrapping up their U.S.-China summit, and what the results of the talks mean for companies including Nvidia and Boeing. Also in focus: Shares of Cerebras pull back one day after surging 68% in the AI chipmaker's public debut, Starbucks job cuts, Ford's 20% stock surge, the timing of SpaceX's IPO. Squawk on the Street Disclaimer

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## Transcript

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