CNBC’s Jim Cramer said Monday that August was a comeback month for stocks that had been battered by some of Wall Street’s most powerful bearish narratives. His comments came on the final trading day of August. Several of the S&P 500‘s biggest winners in August spent months under pressure from concerns ranging from artificial intelligence…
As one AI chipmaker leaves the earnings spotlight, another one enters this week. The evolving cybersecurity landscape and the labor market will also be in focus. Here’s an in-depth look at three big things we’re watching this week. 1. Earnings: Broadcom and Palo Alto Networks are the two Club names on the earnings docket. Both…
This week’s impressive earnings results showed that the AI buildout is not a zero-sum game: both hardware and software stocks can win. The tech-heavy Nasdaq Composite and the S & P 500 gained 0.9% and 0.5%, respectively, while the blue-chip Dow Jones Industrial Average added 0.5%, marking its first winning week in three. Much of…
An aerial view of Marvell Headquarters in Santa Clara, California, United States on June 2, 2026. Tayfun Coskun | Anadolu | Getty Images Marvell Technology shares fell 6% on Friday despite a second-quarter revenue beat, as its raised fiscal 2028 outlook failed to meet investors’ elevated expectations. The chipmaker said Thursday that it now expects…
Salesforce CEO Marc Benioff appears at the 2023 Dreamforce conference in San Francisco on Sept. 12, 2023. Marlena Sloss | Bloomberg | Getty Images For the better part of a year, Salesforce CEO Marc Benioff has been hearing that his company could get wiped out by AI. He’s scoffed anytime someone has asked him about…
CNBC’s Jim Cramer on Thursday said strong earnings results from Nvidia and Salesforce shattered two of Wall Street’s biggest tech bear narratives, sending both stocks soaring. “We were in the grip of some lies and damn lies, backed by chimerical statistics, and now both bear stories backfired,” the “Mad Money” host said. “Today was a…
Shares of Salesforce jumped more than 20% Thursday after the company reported a beat on second-quarter earnings and announced an expanded partnership with artificial intelligence startup Anthropic. The stock is on pace for its second-best day ever, trailing only August 2020, when shares jumped roughly 26%. CEO Mark Benioff and Anthropic CEO Dario Amodei joined…
Todd McKinnon, chief executive officer of Okta Inc., during a Bloomberg Television interview, in London, UK, on Friday, April 11, 2025. Chris J. Ratcliffe | Bloomberg | Getty Images Okta shares surged 20% in extended trading after the identity software provider surpassed Wall Street’s fiscal second-quarter estimates. Here’s how the company did compared to LSEG…
Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce shares soared 14% in extended trading on Wednesday after the cloud software vendor reported results and issued guidance that surpassed Wall Street projections. Here’s how the company did…
Nvidia , the poster child of the AI trade, will report earnings Wednesday night. The fundamentals and the charts suggest investors should proceed with caution. For a variety of reasons, sentiment around the AI buildout beneficiaries has started to sour. Pushback on data centers has become a key topic heading into the midterms. Memory bottlenecks…
