Every weekday, CNBC Investing Club with Jim Cramer publishes the Homestretch – an actionable afternoon update, just in time for the final hour of trading on Wall Street. Markets: The Federal Reserve cut the Fed’s overnight interest rate by 50 basis points on Wednesday afternoon, to a range between 4.75% and 5%. The Fed was […]
Jensen Huang, co-founder and CEO of Nvidia, demonstrates the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024 in San Jose, California. David Paul Morris/Bloomberg via Getty Images NVIDIA plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker’s market capitalization and dragging chip stocks down with it. Intel […]
A trader works on the trading floor of the New York Stock Exchange. NYSE Stocks fell on Tuesday as technology stocks struggled and traders prepared for a potentially difficult month. The Dow Jones Industrial Average 450 points or 1.1% lower. The S&P500 fell by 1.1%, while the Nasdaq-Composite fell by 1.4%. Stocks came under downward […]
CNBC’s Jim Cramer said Thursday he hopes Wall Street will abandon its oversized view NVIDIA now that the company’s long-awaited earnings report is in the rearview mirror. Perhaps investors can now turn their attention to other worthwhile stocks that were “lost in the Nvidia chaos,” he said. “I hope that after this quarter, Nvidia will […]
Walmart is providing a long-overdue example of how artificial intelligence can boost business productivity during a turbulent time for its preferred market. “WMT made a strong statement about generative AI and how it speeds up critical workflows and saves the company money,” Morgan Stanley analyst Simeon Gutman wrote in a note. “It was one of […]
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s revenue rose 45% in July, accelerating the pace of growth from the June quarter and raising hopes of continued strong demand for artificial intelligence chips from companies such as Nvidia Corp. Most read by Bloomberg Revenue for the month reached NT$256.95 billion (US$7.9 billion). For the third quarter, analysts […]
