Stocks Extend Rebound Rally, Trump's Greenland Message, Intel and Chips' Hot January Rally 1/22/26

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Jim Cramer (1:00)

It's Jim Cramer here. You're listening to the opening bell of CNBC's Squawk on the Street. Don't miss a minute of the action.

Carl Quintanilla (1:07)

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer and David Faber at Post 9 of the New York Stock Exchange. Stocks continue to shave away some of the losses for the week as the president now returns home from Davos. Oil, gold, the VIX all lower, although yields a bit sticky. 10-year 426 as final Q3 GDP comes in at 4-4. That's the best in two years. Our roadmap begins with optimism in the markets as the president backs off his threat to hit Europe with tariffs over Greenland, saying there's now a concept of a deal.

David Faber (1:38)

We have a lot of headlines coming out of Davos, including Jamie Dimon weighing in on that debate over immigration. Intel, by the way, if you haven't noticed, trading at a four-year high. This is a head of earnings that will be after the bell today. We're, of course, going to discuss what has been behind this turnaround, certainly in the stock and what's been going on with the semis overall involving that so-called AI trade.

Carl Quintanilla (2:01)

Let's begin, though, with the markets looking to extend the rally from yesterday, sparked by the president's comments in Davos about Greenland. He says there is a framework for a future deal regarding the Danish territory. This is what he told our Joe Kernan.

Donald Trump (2:15)

Well, we have a concept of a deal. I think it's going to be a very good deal for the United States, also for them. And we're going to work together on something having to do with the Arctic as a whole, but also Greenland. And it has to do with the security, great security, strong security and other things.

Carl Quintanilla (2:33)

Still on the hunt, Jim, for what the incremental gain is, although there is reporting about pockets of sovereignty for the US.

Jim Cramer (2:40)

I think that there is a tone. They're speaking with a lot of terrific CEOs on the record. I speak with a lot of CEOs a little more off the record, and there's a sense of relief, but there's also a sense of it's a little unreal that this is American hegemony again. You read these articles in the New York Times, basically, says we're losing our place in the Wall Street Journal and China's passing us. The exact same I see her saying, hey, listen, you know, win one, another one, let's move on to the next.

He's speaking for us. We've got the year made. Now you try to go deep record and keep saying, but isn't there an absurdity to it? Isn't there something about when you look at Greenland, that it was an overreach, Cuba about to go. David, no one will go. No one will say it to me. No one will say, you know what, Jim, it is an interesting time. They don't even give you an interesting time. I think that's important to point out.

David Faber (3:33)

Is that surprising to you that there's an unwillingness on the part of executives to be critical at all even on background?

Jim Cramer (3:43)

Fear. Just fear.

David Faber (3:45)

Fear. Yeah. I've encountered that as well.

Jim Cramer (3:48)

I don't think there's anything. Let's say we were back in college. I think people would say, the world's upside down. I don't get it. Or even maybe a junior level executive.