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☆ Silicon Valley figures are not holding back after Biden's disastrous debate
▼ + stars: | 2024-06-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSeveral Silicon Valley figures have offered their thoughts on President Joe Biden's performance in Thursday's presidential debate — and it's not a pretty picture. AdvertisementSome Silicon Valley figures have warmed up to TrumpHeading into Thursday's debate, the election was clearly splitting opinion among Silicon Valley figures. AdvertisementTonight was a clear victory … for memes — Elon Musk (@elonmusk) June 28, 2024Plenty of other tech figures did not hold back when discussing Biden's performance, however. Some tech figures leaned into mockery. Y Combinator cofounder Paul Graham posted on X that "Biden bombing the debate" was good for the party as a better candidate would emerge.

Persons: —, Joe Biden's, it's, influencers, Donald Trump, Biden, Reid Hoffman, Vinod Khosla, Joe Biden, Kimberly White, Elon Musk, Musk, Elon, there's, Hoffman, Khosla, Trump, David Sacks, Sacks, — David Sacks, @DavidSacks, Jason Calacanis, Biden —, Nikita Bier, Shaun Maguire, Delian Asparouhov, Ralph Wiggum, Sarah Guo, Paul Graham, — Paul Graham, @paulg Organizations: Service, Business, Republican, Trump, Cuban Missile, America, Founders Fund, Democrats, Biden Locations: America, Los Angeles, Atlanta, Sequoia, Delian, San Francisco, Silicon

☆ Opinion: Biden and Trump’s presidential debate performance rated by champion debate coach
▼ + stars: | 2024-06-28 | by ( Opinion Todd Graham | ) edition.cnn.com time to read: +8 min

In the first 2024 presidential debate in Atlanta on Thursday night, the performances of President Joe Biden and former President Donald Trump failed to live up to that expectation. Former President Donald Trump's presentation fared better than his substance, says champion debate coach, Graham Todd. In that regard, Trump failed. I don’t know more about Trump’s position and solution to the war in Gaza than I did before the debate. And Biden didn’t help himself out by overextending his answers to the point of confusion.

Persons: Todd Graham, he’s, I’m, Joe Biden, Donald Trump, Donald Trump's, Graham Todd, Will Lanzoni, Trump, “, didn’t, Biden “ Brandon, Biden, “ Let’s, ” Trump, Graham, Austin Steele, CNN BIDEN, I’ve, Todd Graham Both Trump, Biden rambled, Gish, Biden didn’t, overextending, trillionaires Organizations: Southern Illinois University, CNN, CNN TRUMP, Trump, Paris Climate, Putin Locations: Atlanta, Gaza, Afghanistan, America, Paris, Paris Climate Accords

Former President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on Thursday, June 27. Austin Steele/CNN Trump and Biden were debating each other for the first time since 2020. Austin Steele/CNN Biden's campaign won a coin toss before the debate to choose which side he would stand on. Austin Steele/CNN Biden addresses Trump directly during the debate. Austin Steele/CNN Biden answers an early question.

Persons: Joe Biden, Donald Trump ., Biden, Trump, “, ” Trump, he’d, it’s, ” Biden, Biden’s, Hunter, Stormy Daniels, Trump’s, Jake Tapper, Dana Bash, Roe, ”, Tristen Rouse, Joe, – Biden flailed, Austin Steele, We’d, Herbert Hoover, David, “ I’ve, Beau, Daniels, Trump “, Wade, “ It’s, Israel, –, Donald Trump, Will Lanzoni, Jill Biden, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, CNN Biden, CNN Tapper, Robert F, Kennedy Jr, Kennedy, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Vladimir Putin, Putin, we’ve, I’m, Hillary Clinton –, South Carolina Republican Sen, Tim Scott, – Biden, freefall ”, Tapper – Organizations: CNN, Biden, Trump, Democratic, ABC, ”, Atlantic, Capitol, Capitol Hill, US Supreme Court, CNN US, House, CNN Biden's, CNN Biden, Atlanta, White House, Getty, Reuters, NATO, Ukraine, Western Europe, South Carolina Republican, Blacks, Trump – Locations: Atlanta, Washington ,, America, Iraq, United States, Israel, Gaza, Palestinian, Georgia, CNN's, AFP, Afghanistan, Russian, Ukraine, Iran, Wisconsin , Michigan, Pennsylvania, North Carolina, South, freefall, Covid

☆ This AI play is about to pass Warren Buffett’s Berkshire Hathaway in market value
▼ + stars: | 2024-06-20 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Once-obscure chipmaker Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate and its portfolio of household names and economic bellwethers. When Broadcom hit an all-time high earlier this week, its market capitalization briefly surpassed drug maker Eli Lilly's. As of Tuesday's close, Broadcom had a market cap of $839 billion, right behind Eli Lilly's $845 billion and Berkshire's $882 billion. Omaha-based Berkshire is currently No.7 in market value, after a cluster of megacap technology giants. Big AI beneficiary Broadcom, meanwhile, is seeing strong demand from customers in need of high-capacity chips that can power complex AI applications.

Persons: that's, Warren Buffett's, Eli Lilly's, Hock Tan, Steve Sosnick, Tesla, Morgan Stanley Organizations: Broadcom, Warren, Warren Buffett's Berkshire Hathaway, Apple, Berkshire, BNSF Railway, Geico Insurance, U.S ., PetroChina, Bank of America, Interactive Brokers, VMware Locations: Palo Alto , California, Omaha, Berkshire, U.S, Saudi Aramco

☆ CNBC Daily Open: Mega money Musk
▼ + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange in New York City, U.S., July 12, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury slipped after the producer price index unexpectedly fell. Reasonable debtJanet Yellen, U.S. Treasury Secretary, said the ballooning national debt that's currently at $34.7 trillion is manageable.

Persons: Elon, Judge Kathaleen McCormick, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Dow Jones, Donald Trump, Tim Cook, Jamie Dimon, BofA Organizations: New York Stock Exchange, CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, Trump, Business, Capitol, Apple, JPMorgan Chase, Chipmaker Broadcom, Bank of America Locations: New York City, U.S, Delaware, Washington

☆ CNBC Daily Open: Mega money Musk, Kitty's stake grows
▼ + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Chipmaker Broadcom soared after it delivered better-than-expected second-quarter earnings and announced a 10-for-1 stock split. Mainland China's CSI 300 index fell 0.4%, while South Korea's Kospi rose 0.3%. Broadcom's shares soared 13% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.

Persons: Elon, Musk, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Kitty, Keith Gill, Gill, Australia's, BofA Organizations: CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, GameStop, Trade, Nikkei, Bank of Japan's, U.S, China's CSI, Chipmaker Broadcom, Bank of America Locations: U.S, Delaware, Japan, South

☆ Apple is now overbought after rallying to record highs this week. Here are other names due for a pullback
▼ + stars: | 2024-06-14 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

It's also the second-most overbought stock on Wall Street this week based on its 14-day relative strength index, or RSI. CNBC Pro used its stock screener tool to search for the most overbought and oversold stocks. Names with a 14-day RSI exceeding 70 are considered overbought, which suggests that shares may soon slide. Other overbought stocks this week include Nvidia , Hewlett Packard Enterprise and T.J. Maxx . Among oversold stocks, aerospace and defense firm Northrop Grumman topped the list this week with a 14-day RSI of about 17.

Persons: It's, Siri, chipmaker, LSEG, Northrop Grumman, Northrop, Tyson Organizations: Apple, Developers, RSI, CNBC Pro, Nasdaq, Dow Jones, Nvidia, Hewlett Packard Enterprise, Broadcom, Wall, Bank of America, Microsoft, Tyson Foods

☆ Bank of America says Broadcom could join Nvidia in the 'trillionaires club'
▼ + stars: | 2024-06-13 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Broadcom has a pathway to "join the trillionaires club," Bank of America said as it reiterated a buy rating on the chipmaker Thursday. The firm raised its price target to $2,000 per share from $1,680, a forecast that implies nearly 34% upside from Wednesday's $1,495.51 close. Analyst Vivek Arya said Broadcom's steady semiconductor sales and its exposure to multiple secular product cycles could help it get there. AVGO YTD mountain Broadcom stock. On Thursday, Broadcom stock rallied more than 15% and touched a fresh 52-week high.

Persons: Vivek Arya, it's, Arya Organizations: Broadcom, Bank of America, Microsoft, Apple, Nvidia, Wall

☆ Here are Thursday's biggest analyst calls: Nvidia, Netflix, Broadcom, Dell, Meta, Roblox, Tesla, Boeing, Microsoft & more
▼ + stars: | 2024-06-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Broadcom as buy Following Broadcom's earnings report, Bank of America said the company has "potential to join the trillionaires club." Morgan Stanley downgrades Corning to equal weight from overweight Morgan Stanley downgraded Corning mainly on valuation. Bank of America reiterates Dell as buy Bank of America said it sees several positive catalysts ahead for Dell. Morgan Stanley reiterates Amazon, Alphabet, Meta, Microsoft and Adobe as overweight Morgan Stanley named several tech stocks that it said are well positioned for AI. " Morgan Stanley reiterates Colgate-Palmolive as a top pick Morgan Stanley said it sees a "pet inflection on the horizon" for Colgate.

Persons: it's, Oppenheimer, Ulta, Jefferies, OpenAI, Bernstein, Goldman Sachs, Goldman, Morgan Stanley, Goodyear, Wolfe, Bill Brown, Morgan Stanley downgrades Corning, TD Cowen, Cowen, KeyBanc, Dell, Clark, Wells, Fortnite, Stephens, Wedbush, Tesla, Elon Musk Organizations: Deutsche Bank, Nike, Bank of America, Broadcom, Citi, Royal, TEAM, Microsoft, OpenAI, Nvidia, Starbucks, Goodyear Tire, Civitas Resources, Netflix, Media Survey, Dell, " Bank of America, underperform Bank of America, Adobe, Colgate, Palmolive, Technology, Barclays, NextEra Energy Partners, NextEra Energy, Boeing, of America Locations: Royal Caribbean, Corning, Texas

☆ Why Biden Is Vowing to Raise Taxes - The New York Times
▼ + stars: | 2024-03-27 | by ( Felicia Wong | ) www.nytimes.com time to read: +2 min

Such staggering accumulations of wealth are made possible in large part by the fact that America’s federal tax burden is so comparatively light. After a long period of seeming to venerate the 1 percent, or the 1 percent of 1 percent of 1 percent, American sentiment is swinging hard against this imbalance. But on the politics as well as the policy, Mr. Biden is making the right call. Economic ideas that were once dead on arrival are now gaining traction on both the left and the right. For at least the last half-century, raising taxes has been the third rail of American politics.

Persons: Joe Biden, —, Biden, Ronald Reagan, Howard Jarvis, taxers Locations: California

☆ Nvidia is up 163% this year and worth nearly $1 trillion—here's what to know before investing
▼ + stars: | 2023-06-09 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Valuation is a blanket term that generally refers to the ways in which the market assesses a company's worth. and to the stock market at large (how does this firm compare to the average S&P 500 company?) Warren Buffett looks for stocks that trade cheaply compared with their underlying value — a strategy known as value investing. Microsoft trades for 35 times earnings, Apple for 31 times, Alphabet for 27. Amazon trades at 2.4 times sales, pretty much in line with the average S&P 500 company.

Persons: You'd, it's, Warren Buffett, let's Organizations: Nvidia, Apple, Microsoft, Google, Amazon

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