Arm Holdings Slides, Warner Bros. Discovery Misses, Airbnb CEO Talks Earnings and "Icons" 05/09/24

Carl Quintanilla, Jim Cramer and David Faber led off the show with one of the beneficiaries of the AI boom: Chip designer Arm Holdings down sharply as lower-than-expected revenue guidance overshadowed a Q4 beat. What’s next for the AI trade? Warner Bros. Discovery posted a quarterly miss. The company's streaming bundle partnership with Disney also in the spotlight. Airbnb CEO Brian Chesky joined the program to discuss the company's earnings beat, guidance that weighed on the stock and launch of its "Icons" experiences. Also in focus: Affirm among the earnings bright spots, more monthly sales gains for Costco, Apple's controversial new iPad ad, Norfolk Southern CEO vs. activists. Squawk on the Street Disclaimer