Squawk on the Street 10/19/26

AI infrastructure names rebounded Monday, but unresolved cost-of-capital stress at CoreWeave and unbuilt GPU-securitization markets remain the key swing factors.

• AI-capex jitters ease, but not resolved: NASDAQ and chip names rebound after a brutal prior week (CoreWeave/semis down sharply) following Musk's "yikes" on CoreWeave's unsecured bonds yielding as high as 15%.
• Securitizing GPUs floated as fix: Faber argues a two-way market collateralized by GPUs could lower AI infrastructure's cost of capital, but notes no bank (Goldman, Morgan Stanley, BlackRock) has built one yet.

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