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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Nvidia you own it you do not trade it, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Super Micro Computer, Extreme Networks, Zimmer Holdings, SunRun, NRG Energy, Ecolab and more.
Persons: Jim Cramer Organizations: Nvidia, Extreme Networks, Zimmer Holdings, NRG Energy
Splunk earned 71 cents per share, after adjustments, on $889 million in revenue. Analysts polled by FactSet had forecast Splunk would earn 46 cents per share. Nvidia earned $2.70 per share, excluding items, on $13.51 billion in revenue, while analysts polled by Refinitiv forecast $2.09 per share in earnings and $11.22 billion in revenue. Analysts polled by Refinitiv forecast 10 cents per share in profit on $662 million in revenue. Autodesk earned $1.91 per share after adjustments on $1.35 billion in revenue, while analysts polled by Refinitiv predicted $1.73 per share in earnings and $1.32 billion in revenue.
Persons: Splunk, FactSet, Snowflake, Guess, Ananda Baruah, Refinitiv Organizations: Nvidia, Refinitiv, Taiwan Semiconductor, AMD, Marvell — Semiconductor, Marvell, Loop, Micro Computer, Autodesk
Super Micro Computer could see upside if Wall Street reacts favorably to Nvidia's highly anticipated earnings release, according to Loop Capital. Analyst Ananda Baruah reiterated his buy rating on SMCI shares ahead of Nvidia's second-quarter earnings announcement Wednesday after the bell. He also maintained his $400 price target on shares, implying nearly 55% upside potential from Tuesday's close. "SMCI stock could act favorably if NVDA provides constructive Oct Q guidance and a healthy H100 supply narrative," Baruah wrote in a Tuesday note. Earlier in August, SMCI shares lost more than 20% in a single trading session even after posting an earnings and revenue beat.
Persons: Nvidia's, Ananda Baruah, Baruah, SMCI, — CNBC's Michael Bloom Organizations: Capital Locations: Nvidia's
Nvidia's forecast lifts AI stocks and Nasdaq futures
  + stars: | 2023-08-23 | by ( Noel Randewich | ) www.reuters.com   time to read: +2 min
S&P 500 E-Mini futures rose 0.5% and Nasdaq E-Mini futures climbed 0.9%, suggesting Wall Street is likely to open with gains on Thursday. Investors this week had anticipated Nvidia's results report as a potential spark to reignite gains in a sluggish U.S. stock market. Nvidia's forecast added to investor optimism. Big Tech and AI-related stocks saw their stock market values increase by over $70 billion, on top of Nvidia's increased value, as their shares climbed following the report. Nvidia forecast third-quarter revenue of about $16 billion, plus or minus 2%.
Persons: Ann Wang, Jacob Bourne, Noel Randewich, Chavi Mehta, David Gregorio, Bill Berkrot Organizations: REUTERS, Santa, Nasdaq, Nvidia, Intelligence, Big Tech, Microsoft, Google, Palantir Technologies, Devices, Broadcom, Marvell Technology, Micro, Refinitiv, Thomson Locations: Taipei, Taiwan, U.S, Santa Clara , California, Oakland, Calif, Bangalore
Investors may want to consider using the recent weakness in Nvidia to snatch up shares of the artificial intelligence darling, according to some Wall Street analysts. The chipmaker sold off nearly 5% Wednesday following comments from Super Micro Computer that pointed to some supply chain bottlenecks related to Nvidia and other competitors. NVDA 5D mountain Nvidia shares over the last five trading days Nvidia ticked down less than 1% Thursday, and shares sit about 11% off their highs. Citi analyst Atif Malik encouraged investors to buy the weakness in shares, calling the supply concerns "overdone." Morgan Stanley's Joseph Moore reiterated his overweight rating in a Wednesday note, adding that the stock remains a top semiconductor pick.
Persons: Atif Malik, Morgan Stanley's Joseph Moore, — CNBC's Michael Bloom Organizations: Micro, Nvidia, Citi
.SPX AAPL,NVDA 1M mountain The S & P 500's performance over the past month compared with Apple and Nvidia. Despite initially trading modestly higher Thursday morning, Apple and Nvidia shares steadily lost ground into the afternoon in lockstep with the market. They popped a bit with the S & P 500 's brief move positive just before 2 p.m. AAPL YTD mountain Apple YTD performance In our minds, the iPhone maker's results were impressive – led by a record $21.2 billion in high-margin Services revenue. NVDA YTD mountain Nvidia YTD performance Nvidia's stock chart may get worse before it gets better.
Persons: Jim, SPX, we'll, Apple's, hasn't, Morgan Stanley, Larry Williams, Williams, We're, Jim Cramer's, Jim Cramer, Tim Cook, Justin Sullivan Organizations: Apple, Nvidia, Computer, Financial Times, Club, CNBC, Apple Worldwide Locations: Plenty, lockstep, Cupertino , California
"No one is coming for Nvidia on AI, period, any time soon," Stifel analyst Ruben Roy told CNBC in an interview Wednesday. The new version of Grace Hopper primarily delivers improvements in memory capacity and bandwidth compared with the first-generation product. In practice, improving the memory capacity and bandwidth of the Grace Hopper Superchip should help AI applications run more efficiently and smoothly. Volume production of the improved Grace Hopper Superchip is expected in the second quarter of 2024, according to Nvidia. Open-source software Nvidia's closed-source CUDA software platform – along with a library of pre-trained AI models — has helped establish the company's AI dominance.
Persons: it's, Grace Hopper Superchip, Ruben Roy, Grace Hopper, ChatGPT, Roy, Hopper, Nvidia, Pat Gelsinger, Nvidia's, Omniverse, Jim Cramer, Nvidia hasn't, Jim, enabler —, Jim Cramer's, Jensen Huang, Walid Berrazeg Organizations: Nvidia, Club, Devices, CNBC, Microsoft, Bank of America, AMD, Nvidia DGX, Intel, BMW, Computer, Getty Locations: Taipei
Roblox reported a loss of 46 cents per share, versus the 45 cent loss expected by analysts polled by Refinitiv. Upstart, a consumer lending platform, said it expects third-quarter adjusted EBITDA and revenue to come in around $5 million and $140 million, respectively. The company's adjusted earnings came in at 16 cents per share, beating estimates of a loss of 1 cent per share. Rivian posted an adjusted loss per share of $1.08 in the second quarter, while the Street anticipated a loss of $1.41 per share, per Refinitiv. On Tuesday, Super Micro Computer reported adjusted earnings of $3.51 per share on revenue of $2.18 billion.
Persons: Roblox, DraftKings, Lyft, Uber, Rivian, Carvana, FactSet, Refinitiv, Bumble, Marqeta, CNBC's Hakyung Kim, Pia Singh, Brian Evans, Jesse Pound, Alex Harring, Yun Li, Sarah Min Organizations: Refinitiv . Revenue, Roblox, Penn Entertainment, Disney, ESPN, ESPN Bet, Penn, , Micro, Akamai Technologies, Enterprise, IAC —, IAC, Revenue, CashApp Locations: Refinitiv
Rivian Automotive — Rivian Automotive dipped about 2.5% in extended trading. Super Micro Computer — Super Micro Computer tumbled 12% in extended trading even after reporting an earnings beat. Axon reported second-quarter adjusted earnings of $1.11 per share, exceeding the 62 cents per share consensus estimate from FactSet. Take-Two Interactive Software — Take-Two Interactive Software popped 3.4% in extended trading after reaffirming full-year bookings guidance. Meanwhile, adjusted per share earnings came in at 16 cents, beating the expectation of a loss of 1 cent per share.
Persons: Refinitiv, Twilio, , Lyft Organizations: of, Enterprise, Penn Entertainment, ESPN, ESPN Bet, Refinitiv Locations: Meatpacking, of Manhattan , New York City
Cramer's Lightning Round: Move on from Rocket Lab
  + stars: | 2023-07-26 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. Stock Chart Icon Stock chart icon Transmedics Groups year-to-date stock performance. Stock Chart Icon Stock chart icon Cheesecake Factory's year-to-date stock performance. Stock Chart Icon Stock chart icon Rocket Lab's year-to-date stock performance. Stock Chart Icon Stock chart icon Kearny Financial's year-to-date stock performance.
Persons: I've, Cheesecake, They're, it's, Merck, Wells Organizations: Tri Pointe Homes, Tri, Transmedics, Cheesecake, Copa Holdings, Nvidia, Rocket Labs, Merck, Co, Kearny Locations: Tri Pointe, Pointe, Panama
Cramer's Lightning Round: Datadog is a buy
  + stars: | 2023-07-13 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Super Micro Computer's year-to-date stock performance. Stock Chart Icon Stock chart icon MYR Group's year-to-date stock performance. Stock Chart Icon Stock chart icon RH's year-to-date stock performance. Next thing you know, I'm right, he's wrong, 100 points and it's not done." Stock Chart Icon Stock chart icon Datadog's year-to-date stock performance.
Persons: it's, MYR Organizations: Nvidia, MYR
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I was positive on RH while the CEO was negative, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Super Micro Computer, Fresh Del Monte, MYR Group, Sterling Infrastructure, RH and Datadog.
Persons: Jim Cramer Organizations: MYR, Sterling Infrastructure
.SPX YTD mountain S & P 500's 2023 performance Technology stocks have gotten a boost this year as enthusiasm around artificial intelligence grows, and the recent banking crisis resets expectations for Federal Reserve policy. The majority of S & P 500 technology stocks still sit 20% off their peaks even as many popular names notch all-time highs. "We continue to favor profitable growth as an investment theme as we expect that the lagged effects of tightening will continue to weigh on economic growth," Kantrowitz said. A handful of outperforming semiconductor stocks and chip equipment manufacturers made Piper Sandler's list, including Broadcom , On Semiconductor , KLA Corp . SMCI YTD mountain Super Micro Computer shares in 2023 Piper Sandler also highlighted shares of the server and storage systems provider Super Micro Computer , which have more than tripled this year.
Persons: Piper Sandler, Michael Kantrowitz, Kantrowitz, Piper, Rosenblatt, — CNBC's Michael Bloom Organizations: Federal Reserve, Broadcom, Semiconductor, KLA Corp, Bank of America, Apple, Computer, Micro Computer, Adobe, Microsoft
Even after surging more than 192% this year, the tailwinds for this under-the-radar artificial intelligence play are far from over, according to Rosenblatt. The target represents 25% upside from Wednesday's close. Super Micro's AI revenue accounts for 30% of sales, and Mosesmann expects that to continue accelerating. Its total addressable market is projected to surpass $178 billion by 2027, and fuel sales at a compounded annual growth rate exceeding 20%. Key to Super Micro's advantage is its green IT innovation and high-efficiency "resource-saving architecture" that can trim costs, energy consumption and data center e-waste, Mosesmann said.
Persons: Rosenblatt, Hans Mosesmann, SMCI, Mosesmann, Michael Bloom
Affirm — Shares of the payments company surged 6% after Affirm and Amazon announced a new compatibility feature. Stitch Fix — The stock soared about 32% after the online personalized styling service company reported a narrower-than-expected loss for the fiscal third quarter. Stitch Fix posted a loss of 19 cents per share, compared with the 30-cent loss per share anticipated by analysts, according to Refinitiv. The company reported first-quarter earnings of $1.45 per share, while analysts polled by Refinitiv called for $1.24 per share. Revenue fell short of expectations, however, coming in at $597 million, versus the $602 million estimated by Wall Street.
Persons: Chris Licht, Buster's, Dave, Refinitiv, Morgan Stanley, Rosenblatt, Campbell, Canaccord Genuity, Coinbase, Wood, , Jesse Pound, Brian Evans, Darla Mercado Organizations: Amazon, Revenue, Warner Bros, Dave, Wall Street, GameStop, FactSet, Petrobras —, StreetAccount, U.S . Securities, Exchange Commission Locations: Refinitiv
Here are Wednesday's biggest calls on Wall Street: JPMorgan reiterates Netflix as overweight JPMorgan raised its price target on the stock to $470 per share from $380 and says it's bullish on paid sharing. "We are raising our price target from $205 to $220 to reflect increased confidence in this upcoming iPhone cycle and reiterate Apple as an OUTPERFORM and Wedbush Best Ideas List name." Piper Sandler reiterates Amazon as overweight Piper raised its price target on Amazon to $150 per share from $130 and said it sees Amazon Web Services revenue bottoming later this year. Bank of America reiterates Nvidia as buy Bank of America said it sees "sustainable AI growth" for shares of Nvidia. " Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said the combination of PGA and Liv Golf is bullish for Topgolf.
Persons: it's bullish, Wells, Wedbush, Morgan Stanley, Piper Sandler, Piper, We've, YTD, Canaccord, Mobileye, Rosenblatt, it's, Jefferies, Topgolf, Liv, bullish Organizations: JPMorgan, Netflix, Apple, AWS, Computer, Micro, Supermicro, Barclays, Bank of America, Nvidia, Broadcom, Topgolf Callaway Brands, UBS Locations: 2H23, GKOS, Midcap, Edgewater
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: 'Things are never so rosey that you can't have a drug stock in your portfolio', says Jim CramerMad Money' host Jim Cramer weighs in on stocks including: Bowlero, Corteva, Bristol-Myers, Telus, Verizon, A O Smith Corp., Centene, Super Micro Computer Inc., and Upstart Holdings.
Persons: Jim Cramer Mad, Jim Cramer Organizations: Myers, Telus, Verizon, Smith Corp, Computer Inc, Holdings Locations: Corteva, Bristol
Stock Chart Icon Stock chart icon Bowlero's year-to-date stock performance. Stock Chart Icon Stock chart icon Corteva's year-to-date stock performance. Stock Chart Icon Stock chart icon Telus's year-to-date stock performance. Stock Chart Icon Stock chart icon Super Micro Computer's year-to-date stock performance. Stock Chart Icon Stock chart icon Upstart's year-to-date stock performance.
Persons: Myers, Smith, Neidorff, That's, It's Organizations: Bristol, Myers Squibb, Telus, Mobile, Verizon, Carrier Locations: California, Bristol, Myers, Europe
It's time to buy Super Micro Computer after its latest earnings results on the strength of its artificial intelligence outlook, according to Loop. Analyst Ananda Baruah hiked his price target to $150 from $100. The new price target implies shares can jump 43% from Tuesday's closing price of $104.43. The price target hike comes after Super Micro Computer reported results from its latest quarter. Super Micro Computer forecasts per-share adjusted earnings between $2.21 and $2.71 in its fourth quarter, greater than the $1.76 consensus estimate from FactSet.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: On holding is an 'exciting new company', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Big Lots, Sempra, On Holding, Alibaba, Wolfspeed, Super Micro Computer, IONQ, Rogers Communication, New Residential, and Phantom Pharmaceuticals.
One is the return of semiconductor stocks , as demand bounces back for chips; the other is artificial intelligence, following the buzz surrounding chatbot ChatGPT. CNBC Pro screened for the highest-rated ETFs with exposure to semiconductor and/or AI-related stocks (among others) using Morningstar data. The screen included four ETFs focused only on semiconductor stocks — all with a five-star rating. Three of the funds — the VanEck Semiconductor ETF , SPDR S & P Semiconductor ETF and iShares Semiconductor ETF — have Nvidia as their highest-weighted stock. The Invesco DWA Technology Momentum ETF also has a mix of semiconductor stocks (at 32% of the ETF) as well as other stocks with exposure to AI.
Jim Cramer gives his take on Super Micro Computer
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer gives his take on Super Micro ComputerCramer offered his thoughts on the information technology firm and its stock.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer explains why he's torn on this information technology firm's stockCramer gave his take on Super Micro Computer on Tuesday.
Loading chart...Paramount Group Inc : "It is very inexpensive, but at the same time, I don't like office real estate. Extreme Networks Inc : "I think it's a very good networking company. ... Let it cool off a little, and then you can do some buying." Loading chart...Super Micro Computer Inc : "It seems too good to be true, which means we have to ... figure out exactly what that company does." Loading chart...Barrick Gold Corp : "It's got a good yield, but the problem is, is that the dollar's got to get weaker.
AT&T – The telecom giant's stock jumped 7% after the company surpassed earnings and revenue estimates for the recent quarter. AT&T's wireless revenue rose 5.6%. Tesla – Shares of electric automaker Tesla fell 6% Thursday, a day after the company reported third-quarter earnings that fell short of Wall Street's expectations for revenue. Freeport McMoRan – Shares of Freeport McMoRan jumped more than 3% after the mining company reported earnings Thursday. The company reported third-quarter earnings per share of $2.36 versus the StreetAccount estimate of $2.19.
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