Carl Quintanilla, Jim Cramer and David Faber drilled down on SpaceX's first quarterly report since going public. Shares of Elon Musk's company tumbled as a surge in AI spending overshadowed a Q2 beat. The anchors reacted to Musk outlining his trillion-dollar revenue forecast for SpaceX and saying the company will "exclusively" use Nvidia AI chips. The Nvidia news helped to send AMD shares sharply lower despite that company's better-than-expected quarterly results. Hear how AMD CEO Lisa Su reacted to it all in an exclusive interview. Also in focus: 
The Dow and S&P 500 hit new all-time intraday highs; Eli Lilly and Disney jump on earnings beats; "Faber Report" on the Paramount-Warner Bros. Discovery antitrust trial set for March 2027.

Squawk on the Street Disclaimer

10AM Hour: S&P 500 & Dow Hit New Highs, Early SpaceX Investor Peter Diamandis, Match Group CEO 8/5/26

CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer, David Faber and Sara Eisen 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 CEOs and greatest market minds.