My top 10 things to watch Friday, Nov. 22 1. Sellers were active yesterday in some of Club name Nvidia ‘s biggest customers, the hyperscalers that run a bunch of data centers. Does that continue as it dawns on people that there will be no price concessions on Nvidia’s next-gen AI chip platform Blackwell because…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks kicked off the week on a high note, with big tech lifting the Nasdaq to new records. This week is crucial for the tech sector as Club names…
Check out the companies making headlines in midday trading: Spotify — The music streaming platform advanced 2% after Wells Fargo named it a top stock pick . Analyst Steven Cahall cited Spotify’s rising profit margins, strong product mix and evolving record label relationships as catalysts while reiterating an outperform rating on the stock. Robinhood —…
Wall Street is about to get hit with the newsiest week yet ahead of the election — just as the stock market has started to falter. Investors will contend with earnings results from five of the Magnificent Seven companies next week. Alphabet’s results are set to be released Tuesday. Microsoft and Meta Platforms post their…
Morningstar has urged investors to shift their focus away from the much-hyped AI chip sector. Instead, the equity research firm highlighted four traditional semiconductor makers it considers undervalued, with two picks potentially offering more than 70% upside. Morningstar’s note comes amid a surge in demand for AI accelerators, particularly Nvidia ‘s graphics processing units (GPUs)….