Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) fell in the morning session after the company reported underwhelming third-quarter results. The space company posted record third-quarter revenue of $155.08 million, a 48% increase from the same period in the previous year. Looking ahead, Rocket Lab also gave an upbeat forecast for fourth-quarter revenue between $170…
The Dow Jones Industrial Average soared more than 300 points, or nearly 0.7%, Wednesday as investors looked ahead to the end of the record-breaking government shutdown. The blue-chip index finished at a record high of 48,254.82, its second straight record close. The S&P 500 was roughly flat, while the Nasdaq dipped about 0.3% as fears…
We recently published 12 Latest Stocks on Jim Cramer’s Radar . Pfizer Inc. (NYSE:PFE) is one of the stocks Jim Cramer recently discussed. Jim Cramer has discussed pharma giant Pfizer Inc. (NYSE:PFE) several times recently. He has repeatedly commented on how the stock trades more like a bond rather than an equity due to its…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were mixed Wednesday as Wall Street hoped for an end to the government’s record-breaking shutdown. The House is set for a final vote in…
Advanced Micro Devices‘ CEO Lisa Su shut down concerns over Big Tech’s elevated spending during an interview with CNBC’s “Squawk Box” on Wednesday and said investing in more computing will accelerate the pace of innovation. “I don’t think it’s a big gamble,” she said. “I think it’s the right gamble.” Shares soared 10%. Many of…
AMD (AMD) says it expects to see its data center revenue increase 60% over the next three to five years, up from $16 billion in 2025, as the company pushes deeper into the AI space and works to steal share from rival Nvidia (NVDA). Shares surged over 8% in early trading Wednesday following the news….
Shares of solar tracker company Nextracker (NASDAQ:NXT) fell 8.5% in the morning session after the company announced a corporate rebranding to Nextpower and provided long-term financial targets during its Capital Markets Day. The move reflected the company’s expansion from a solar tracking systems provider into an integrated energy technology platform. As part of the shift,…
CNBC’s Jim Cramer said Wednesday that Eli Lilly will soon be the first pharmaceutical company to reach a $1 trillion stock market value. Shortly after the open, shares topped $1,000 each for the first time. At session highs, the stock exceeded a $950 billion market cap. Shares would have to hit nearly $1,058 to reach…
What’s going on here? Foreign investors pulled more than $10 billion out of Asian stocks in early November, wiping out last month’s gains as worries about tech sector valuations shook investor confidence across the region. What does this mean? That quick turnaround signals a sharp shift in market mood for Asian equities, which saw $2.3…
U.S. stock futures rise today as AI optimism, easing yields, and gold strength lift global sentiment. Futures for the S&P 500 gained 0.3%, Dow Jones futures added 0.1%, and Nasdaq futures jumped 0.6%, signaling a positive Wall Street open. Investors are watching for fresh remarks from several Federal Reserve officials and a key 10-year Treasury…