Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Seth Wenig | AP Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 10% on Friday to their lowest level of the … Read more
My top 10 things to watch Wednesday, April 24 The S & P 500 and Nasdaq are trying to extend their winning streaks to three sessions. Bond yields are higher again so perhaps some headwinds ahead. Tech stocks have been leading the bounce back after rough sledding since the beginning of March. The Club’s five … Read more
US-China chip war graphic Wong Yu Liang | Moment | Getty Images China remains an essential market for most American chipmakers despite Washington’s efforts to restrict chip sales to the country and amid Beijing’s push for self sufficiency in the semiconductor sector. Data from S&P Global showed that U.S. chip giants Intel, Broadcom, Qualcomm and Marvell Technology … Read more
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. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Markets Bounce Back : Stocks rebounded … Read more
My top 10 things to watch Monday, April 8 Janet Yellen in China from CNBC’s Sara Eisen interview : Tough talk but any change? Treasury Secretary Yellen thinks things are better than last year but does not rule out tariffs on China. Taiwan Semiconductor Manufacturing Company gets $6.6 billion from the U.S. government to support … Read more
CNBC’s Jim Cramer gave investors his take on the valuation of Astera Labs, a company that went public last week and sells data center connectivity chips to cloud and artificial intelligence outfits. To Cramer, the stock debuted too hot and is more expensive than it should be at this point. “While Astera Labs has a … Read more
In a strong week for Wall Street, a wide-ranging group of Club stocks marched higher, including both of our chipmakers benefiting from the artificial intelligence boom. Here’s a breakdown of the Club’s top-five performers over the past five sessions. AVGO YTD mountain Broadcom (AVGO) year-to-date performance Shares of Broadcom jumped 9.55% this week, occupying the … Read more
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 Wednesday’s key moments. U.S. stocks were flat Wednesday as Wall Street awaited the Federal Reserve’s latest policy decision. The Fed is widely expected to keep rates unchanged this time around, but investors will … Read more
The next steps for the artificial intelligence boom are starting to come into shape, according to Goldman Sachs, and some of the stocks involved may still be cheap relative to their potential. Ryan Hammond of Goldman’s portfolio strategy research team said in a March 14 note to clients that the AI trade still has room … Read more
All three major U.S. stock averages pulled back slightly for the week, though they remain near all-time highs ahead of next week’s Federal Reserve meeting. Earnings season is wrapping up with only a few S & P 500 companies still left to report; all Club names have now issued results. This reporting cycle was a … Read more
