Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck’s CEO. “Semiconductors have become the heart of the AI trade,” Jan van Eck told CNBC’s “ETF Edge” this week. His firm’s VanEck Semiconductor ETF (SMH), which tracks 25 of the biggest chipmakers in the country, is up … Read more
The S&P 500 was little changed Wednesday as investors awaited the latest Federal Reserve policy decision. The broad market index and Nasdaq Composite hovered near the flatline, while the Dow Jones Industrial Average added 44 points. Intel rose more than 1% on news that the White House plans to award the semiconductor company $8.5 billion … 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.) Weakness on Wall Street: Stocks fell … Read more
Traders work the floor of the New York Stock Exchange. NYSE The S&P 500 was lower on Wednesday, pulling back from a record reached in the previous session, as Nvidia cooled off from its red-hot rally. The broad market index slipped 0.19% to close at 5,165.31, while the Nasdaq Composite lost 0.54% to 16,177.77. The … Read more
Stocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above the key 5,000 level as strong earnings and economic news chugged on. The S&P 500 rose 0.57% to end at 5,026.61, while the Nasdaq Composite rallied 1.25% to close at 15,990.66. The Dow Jones … Read more
Nvidia shares hit a fresh all-time high today, and its gains may still be in the early innings, according to VanEck CEO Jan van Eck. Van Eck, whose firm runs the largest U.S. semi exchange-traded fund, points to a first-mover edge in the race to fabricate artificial intelligence chips that could bolster the performance of … Read more
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were little changed in overnight trading after the Nasdaq Composite registered its worst session since October. Futures tied to the Dow Jones Industrial Average slipped 2 points, while S&P 500 futures and Nasdaq-100 futures hovered near the flatline. In after-hours trading, … Read more
Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. Michael M. Santiago | Getty Images The Dow Jones Industrial Average rose on Thursday, rebounding from the index’s worst day since October as Treasury yields fell and the year-end rally resumed. The 30-stock Dow gained 143 … Read more
Signage is displayed outside the Broadcom offices on June 7, 2018 in San Jose, California. Justin Sullivan | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
An employee walks through the parking lot at a Broadcom office on June 03, 2021 in San Jose, California. Justin Sullivan | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
