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…
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…
Nine thousand people working long hours, six days a week, to meet a deadline for full production of memory chips by the first quarter of 2027. The workers know they can each make $200,000, maybe more. They seem united in their mission; no Potemkin village going up in Boise, Idaho. Just two state-of-the-art fabs for…
Geopolitical uncertainty in the Middle East and soaring bond yields weighed on global markets this past week. And investors are closely assessing the valuations of artificial intelligence stocks amid concerns about the sustainability of high spending on AI infrastructure. Despite those continued challenges, top Wall Street analysts are bullish on the prospects of several stocks…
Rising bond yields and oil prices put stocks under pressure this week, while another bout of volatility in the AI trade tested investors’ conviction in the market’s biggest growth theme. The S & P 500 and tech-heavy Nasdaq Composite snapped their three-week winning streaks, down roughly 1.43% and 2.05%, respectively. Meanwhile, the Dow Jones Industrial…
Ken Griffin of Citadel in a letter to clients on Friday addressed for the first time the firm’s purchase of assets from Leopold Aschenbrenner’s Situational Awareness hedge fund. According to a letter obtained by CNBC’s Sara Eisen, Griffin told clients that Citadel has unwound more than 80% of the aggregate risk from the original portfolio…
Micron CEO Sanjay Mehrotra did plenty to quiet the bears. That’s our conclusion from Jim Cramer’s extended interview with Mehrotra, which aired Thursday night on “Mad Money.” Mehrotra’s pioneering career in the volatility-prone memory industry spans more than four decades, beginning at Intel in the early days of the personal computing era, before going on…
CNBC’s Jim Cramer said Monday the AI boom has rewritten the rules for memory stocks and their massive rallies may not be over. “While I acknowledge that I am not early, I do not think I am late,” the “Mad Money” host said. Memory stocks have been among the biggest beneficiaries of the AI trade…
So many things have never happened before. That’s what’s so amazing about this market. Everywhere we turn, we see changes made that aren’t believed and yet are totally true. Take, for example, the following unbelievable year-to-date performances: SanDisk up 496%, Seagate up 238%, Club name Micron up 208%, and Western Digital up 171%. All four…
No surprises on inflation and new financing developments in the artificial intelligence trade drove the record-breaking action on Wall Street last week. The S & P 500 and Nasdaq both dropped modestly Friday but managed to post their third straight winning weeks. The S & P 500 rose above 7,800 during Thursday’s session for the…
