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☆ Nvidia jumps more than 15% this week. A key reason: what other companies are saying
▼ + stars: | 2024-04-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

"These are big checks made out to get Blackwells and H200s from, yes, Nvidia," Jim Cramer said during Friday's Morning Meeting . "There are a lot of people … that think this stock is a dangerous stock," Jim said. The next earnings report to shed light on demand for Nvidia's AI chips is set for Tuesday evening when Club name Amazon releases first-quarter results. While Amazon also has custom AI chips, it's a sizable Nvidia customer and the companies have enjoyed a longtime partnership. Even electric vehicle maker Tesla indicated earlier this week that it plans to buy tens of thousands more Nvidia chips this year to support self-driving car efforts.

Persons: Wall, Jim Cramer, Blackwell, OpenAI, There's, Jim, Wednesday's, – tanked, Alphabet's, FactSet, Ruth Porat, capex, Porat, Amy Hood, Hood, Microsoft's, Tesla, Jim Cramer's, Jensen Huang, Josh Edelson Organizations: Nvidia, Microsoft, Investors, Devices, Meta, Facebook, Bank of America, AMD, Broadcom, Wall, Google, Amazon, CNBC, SAP Center, AFP, Getty Locations: –, U.S, San Jose , California

☆ Google's making the right moves in AI and core businesses, says Jefferies' Brent Thill
▼ + stars: | 2024-04-26 | 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 EmailGoogle's making the right moves in AI and core businesses, says Jefferies' Brent ThillBrent Thill, Jefferies senior analyst, joins 'Squawk on the Street' to discuss if analysts are done worrying about threats to Alphabet's search, if Alphabet's capital expenditures are reasonable, and much more.

Persons: Jefferies, Brent Thill Brent Thill Organizations: Jefferies

☆ Google's 'fastest-growing' moonshot that spun out into an AI earbuds startup aims to ship its first product this year
▼ + stars: | 2024-04-26 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

Read previewA team inside X, Google's moonshot factory, was working on a revolutionary hearing device, Business Insider reported in 2021. A few months later, Wolverine's lead, Jason Rugolo, spun the project out of Alphabet and formed a startup named Iyo. Rugolo says the company plans to ship its first product by the end of this year. Rugolo told BI he hired Kraft for a stint at Google X to work on what would become Iyo. Iyo isn't the first X project to fly from Alphabet's nest, and it probably won't be the last.

Persons: —, Google's, Jason Rugolo, Rugolo, Iyo, Lockheed Martin, Sergey Brin, Noah Kraft, Kraft, we're, X Organizations: Service, Business, Lockheed, Horizons Ventures, US, ARPA, Research Projects Agency, Energy, Google, Doppler Labs, Spotify, TED, Wolverine, BI

☆ We have more insights as to where the economy is headed — and it's not good
▼ + stars: | 2024-04-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at how the latest GDP data has shifted the expectations of where the economy is headed. Now, the economy will need some type of event (see: bubble popping) for rate cuts to become an option anytime soon, Miskin said. Energy price shocks could bring the world economy to a "vulnerable moment," chief economist Indermit Gill warned.

Persons: —, TikTok, they're, you'd, Jia Feng, It'll, Insider's Madison Hoff, It's, Jerome Powell, Anna Moneymaker, BI's Filip De Mott, Jamie Dimon, Matt Miskin, Miskin, Mark Zuckerberg, C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Guess what's, Indermit Gill, Alphabet's, Redmond, Tyler Le, Doug McMillon, execs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Reserve, stagflation, JPMorgan, Wall Street, John Hancock Investment Management, Galatioto Sports Partners, Bank, Google, Big Tech, Microsoft, Health, Linkedin, YouTube, ExxonMobil Locations: Chevron, New York, London

☆ Sundar Pichai just showed the doubters he's the right general for Google's AI battle
▼ + stars: | 2024-04-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Read previewThere's an AI battle raging, and Sundar Pichai appears to be Google's wartime general. With Pichai at the helm, Alphabet just reported blockbuster first-quarter earnings that surpassed analysts' estimates and sent the stock soaring. The CEO told analysts that Google was well "positioned for the next wave of AI innovation and the opportunity ahead," reminding them the company had been "AI-first" since 2016. This story is available exclusively to Business Insider subscribers. Google did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Sundar Pichai, Pichai, Googlers, He's Organizations: Service, Google, Business, Microsoft

☆ Microsoft's bullish PC outlook makes us want to buy more of this electronics retailer
▼ + stars: | 2024-04-26 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. But Jim Cramer said Friday that he "asked for granularity and we got it." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Federal, Microsoft, Nvidia, Nasdaq

☆ We're boosting our price target on Alphabet by $30 after it delivered the quarter we've been waiting for
▼ + stars: | 2024-04-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Alphabet on Thursday delivered a knockout first-quarter report, with sales, operating margin and profits all topping Wall Street expectations. Alphabet Why we own it : Alphabet's Google Search is an invaluable tool for advertisers. Alphabet's big three watch items for investors — Search, YouTube, and Google Cloud — all delivered better-than-expected revenues in the quarter, leading to companywide sales topping estimates. It exited the quarter with $108 billion in cash, cash equivalents and marketable securities on its balance sheet, compared with $110.9 billion at the end of 2023. At 20 cents a share, Alphabet's dividend yield stands at 0.51% based on Thursday's close.

Persons: we've, It's, Sundar Pichai, Ruth Porat, TikTok, Philipp Schindler, Pichai, Porat, we're, Alphabet's, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: YouTube, Microsoft, Management, —, Google, Google Services, Capital, buybacks, Meta, Apple, CNBC, O, Bloomberg, Getty Locations: That's, Mountain View , California

☆ Alphabet tempers fears that it's falling behind in AI with blowout first-quarter results
▼ + stars: | 2024-04-25 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. There were other reasons for skepticism ahead of Alphabet's earnings report. Like Meta, Alphabet is pouring money into AI. Last month, Alphabet announced a suite of products, including Vertex AI, a no-code console for enterprise companies to build their own AI agents. With first-quarter results in the rearview mirror, Alphabet now has to keep up with heightened expectations, which will only increase as competitors roll out more generative AI products.

Persons: Sundar Pichai, Emily Chang, Ruth Porat, missteps, Investors, Mark Zuckerberg, Pichai, he's, Prabhakar Raghavan, Raghavan Organizations: APEC, Summit, Moscone West, YouTube, Nasdaq, Nvidia, Amazon, Meta, Revenue, Google, Amazon Web Services, Microsoft, rollouts Locations: San Francisco , California, San Francisco, U.S

☆ Alphabet's new dividend is helping reassure Meta-spooked tech investors
▼ + stars: | 2024-04-25 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Alphabet is joining its tech peers like Microsoft, Apple, and Meta in the dividend club. Its $0.20 dividend is its first ever, and it also authorized an additional $70 billion in buybacks. The news could ease concerns of some tech investors spooked by Meta's earnings Wednesday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers.

Persons: —, It'll Organizations: Microsoft, Apple, Meta, Service, Business Locations: buybacks

☆ Alphabet's earnings are coming up. Here’s what analysts are looking for
▼ + stars: | 2024-04-25 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Google parent Alphabet is set to report earnings after the bell on Thursday, adding to the slate of Big Tech earnings this week. For the first quarter, analysts polled by LSEG are calling for earnings of $1.51 per share on revenue of $78.59 billion. What the Street expects to see: AI, Cloud growth, ad trends Beyond the headline figures, analysts are paying close attention to Alphabet's revenue from the Google Cloud business, YouTube ads and its traffic acquisition costs. The company's ad revenue of $65.52 billion came in lower than analysts' estimates of $65.94 billion, however, according to StreetAccount. With AI, Alphabet is working on both sides of the technology: the innovator and the investor.

Persons: LSEG, that's, Brent Thill, Thill, Maria Ripps, Prabhakar Raghavan, Gemini, Anthropic Organizations: Big Tech, Google, Meta, Jefferies, Capital, YouTube

☆ Cloud growth is extremely important for both Alphabet and Microsoft, says Nimrit Kang
▼ + stars: | 2024-04-25 | 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 EmailCloud growth is extremely important for both Alphabet and Microsoft, says Nimrit KangNimrit Kang, Chief Investment Officer and Senior Portfolio Manager at Northstar Asset Management, discusses her expectations for Microsoft and Alphabet's earnings reports.

Persons: Nimrit Kang Nimrit Kang Organizations: Microsoft, Northstar Asset Management

☆ Don't bet against Zuckerberg: Meta's earnings-driven stock slide is an opportunity
▼ + stars: | 2024-04-24 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

META YTD mountain Meta Platforms YTD We obviously don't like what we are seeing after hours in the stock. While expecting a similar dynamic to play out now with AI investments, Zuckerberg fully expects the end result to be similar as the team scales its offerings and then begins to monetize the investments. Regarding shareholder returns, the company repurchased $14.6 billion worth of stock during the quarter while returning another $1.3 billion via dividends. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The logo of the U.S. company created by Mark Zuckerberg, Meta is displayed during the Viva Technology conference at Parc des Expositions Porte de Versailles on June 15, 2023 in Paris, France.

Persons: That's, Mark Zuckerberg, we'll, Zuckerberg, China's ByteDance, we've, we're, it's, ChatGPT, Jim Cramer, Joe Biden, Jim, Jim Cramer's, Porte de Versailles Organizations: Revenue, LSEG, Zuckerberg, China's, Meta, Microsoft, Electric, Realty Labs, Daily, People, CNBC, U.S ., Viva Technology, Parc, Chesnot, Getty Locations: U.S, Asia, Pacific, Paris, France

☆ Google search boss warns employees of 'new operating reality,' urges them to move faster
▼ + stars: | 2024-04-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +9 min

"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.

Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium

☆ A major headwind for TikTok could be the ultimate tailwind for Meta's Facebook and Instagram
▼ + stars: | 2024-04-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

META mountain 2022-11-03 Meta's stock performance since Nov. 3, 2022, which marked its lowest close during its dramatic sell-off that year. In a recent Wedbush consumer survey, 60% of TikTok users who responded said either Facebook or Instagram were their top alternatives if TikTok were to be banned. That was followed by 19% of TikTok users who said they would go to YouTube. Meanwhile, Deutsche Bank said Meta's stock could see more upside in light of a potential TikTok ban. After initially being a drag on revenue, Meta has said Reels is now a positive contributor across its apps.

Persons: Jim, Joe Biden, ByteDance, Shou Zi Chew, TikTok, –, FactSet, monetization, Philipp Schindler, We'll, Jim Cramer's, Jim Cramer, Avishek Das Organizations: Facebook, Chinese Communist Party, CNBC, Street, Meta, YouTube, Google, Wedbush Securities, Deutsche Bank, Getty Locations: U.S, Washington, Ukraine, Israel, Taiwan, China

☆ 6 portfolio stock earnings and the Fed's favorite inflation gauge dominate the week ahead
▼ + stars: | 2024-04-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City

☆ Cramer’s week ahead: Earnings from Tesla, Merck and Big Tech
▼ + stars: | 2024-04-19 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Cramer said the Federal Reserve prefers to use the PCE index, not the consumer price index, to best evaluate inflation. He warned that even if the market is oversold next week, the PCE index report on Friday will be where the rubber truly meets the road. Companies like GM , GE Aerospace and Spotify report on Tuesday, but Cramer said Tesla is the one to watch that day. On Thursday, Caterpillar , Merck and the tech giants Microsoft and Alphabet will release earnings. It's going to be a busy week, and Cramer said to be wary of the market and to especially watch out for the PCE index report.

Persons: CNBC's Jim Cramer, Cramer, Tesla, Mark Zuckerberg, Elon Musk, It's Organizations: Verizon, Meta, Microsoft, Federal Reserve, GM, GE Aerospace, Spotify, Boeing, Caterpillar, Merck, Exxon Mobil, Chevron Locations: Cleveland

☆ Trying to win the AI war is going to be expensive. Really, really expensive.
▼ + stars: | 2024-04-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The AI war is going to be really, really, really expensive. Simply put, the more chips you have, the more computing power available to train AI models on greater volumes of data. Justin Sullivan/Getty ImagesThe general business of training models is getting more expensive, too. AdvertisementStanford University's annual AI index report, published this week, notes that the "training costs of state-of-the-art AI models have reached unprecedented levels." The original technology behind AI models cost about $900 to train in 2017.

Persons: Demis Hassabis, —, Demis, Hassabis, they're, Jensen Huang, Justin Sullivan, Google's Organizations: Google, Service, TED, Microsoft, Nvidia, Stanford Locations: Vancouver

☆ Google lays off more employees and moves some roles to other countries
▼ + stars: | 2024-04-17 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Several teams across Google's finance and real estate units have been affected, according to two current employees, who said staff had been informed of the cuts this week. One said that the affected teams in finance include Google's Treasury, Business Services, and Revenue Cash Operations teams. AdvertisementA Google spokesperson confirmed the cuts but declined to elaborate on the number of affected staff. "As we've said, we're responsibly investing in our company's biggest priorities and the significant opportunities ahead," said a Google spokesperson. They said that impacted employees could apply for open roles inside Google.

Persons: —, Ruth Porat, we've, Sundar Pichai Organizations: Service, Google's Treasury, Business Services, Cash, Business, Google, BI Locations: Bangalore, Mexico City, Dublin, India, Atlanta

☆ Ad transparency tools are 'major disappointment' ahead of election, new study shows
▼ + stars: | 2024-04-16 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

That's according to research out Tuesday from Mozilla and CheckFirst, which concludes that leading tech platforms are lagging in their ad transparency tools. None of the results were great, and some were "a major disappointment," according to the researchers. "This is now no longer something that's voluntary," Claire Pershan, EU advocacy lead at Mozilla, told CNBC. It's troubling news as the major platforms prepare for a huge year of elections that affect upward of 4 billion people in more than 40 countries. Lesplingart told CNBC that users had to know the advertiser name, targeted country and date of the advertisement in order to export to an ad file.

Persons: Sundar Pichai, Microsoft's Bing, Claire Pershan, Amaury Lesplingart, CheckFirst, Josh Becker, Lesplingart, Bing, Alibaba's, Zalando, Booking.com, TikTok, it's, we'd Organizations: Inc, Government, Society, Mozilla, Google, LinkedIn, Union's Digital Services, CNBC, Democratic, X, European Commission, DSA, Meta, YouTube Locations: Stanford , California, U.S, Meta, California

☆ Alphabet offers reasons to believe it is closing the gap in the AI race
▼ + stars: | 2024-04-10 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

AI Agents The launch of "AI Agents" demonstrated the real-world applications of Alphabet's generative AI advancements — a key box that investors want to see checked in the search for money-making opportunities . These applications are clearly the next phase of the generative AI revolution beyond the development of LLMs and deployment of general-purpose chatbots. So, too, will their customers that harness the power of the AI agents to better serve their own clients, increase employee productivity, and drive corporate efficiencies. Updates to Vertex AI Alphabet updated Vertex AI — its platform for building and deploying AI models — to include an agent-building feature. That essentially allows businesses to create customized AI agents on top of Gemini models.

Persons: —, We'd, Long, catchup, Thomas Kurian, chipmaker, Kurian, it's, Blackwell, Jim Cramer's, Jim Cramer, Jim, Beata Zawrzel Organizations: Google, Microsoft, Nvidia, Amazon Web Services, Intel, Devices, AMD, Google Cloud, CNBC, Nurphoto, Getty Locations: Gliwice, Poland

☆ Alphabet's cloud event Tuesday could justify the stock's recent records and further upside
▼ + stars: | 2024-04-09 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Shares of Alphabet are on the verge of a possible breakout ahead of the company's three-day Google Cloud Next conference in Las Vegas, where artificial intelligence will be a major theme. Shortly after the trade, Alphabet shares ran into a brick wall after some advertising weakness surfaced in fourth-quarter results and was followed by a controversy over Gemini's image generator that caused the company to pull the tool. The conference is expected to show that "Google is not being left behind, not being troubled by Search," Jim said. That said, we expect Tuesday's AI conversation to be limited to how it relates to Google Cloud. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Thomas Kurian's, Nvidia —, bottoming, Jim Cramer, Jim, Nikesh Arora, Anthropic, Dario Amodei, Ford Yao Ge, Nik Spirin, Oppenheimer, Claude, Jim Cramer's Organizations: Google Cloud, Google, Microsoft, Super, Apple, Nvidia, Management, CNBC, Amazon, Bank of America, Palo Alto, Ford, Apple's Worldwide, Getty Locations: Las Vegas, Palo Alto, Amazon, OpenAI

☆ Jim Cramer explains why you should hold on to Alphabet stock
▼ + stars: | 2024-04-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday explained why it's worthwhile for investors to keep Alphabet stock in their portfolios, lauding the continued success of its search business and company-owned YouTube. Cramer had decided to sell some stock for the CNBC Investing Club's Charitable Trust because he worried that new artificial intelligence query systems will eventually become an "existential challenge" to Google's search business. "We shall sell no more for the charitable trust ... . Cramer also praised Alphabet's YouTube business, which could be worth $423 billion, according to a January commentary from Needham's Laura Martin. Cramer also mentioned a Bloomberg story that pointed to the hold YouTube has over the younger generation.

Persons: CNBC's Jim Cramer, Cramer, It's, Needham's Laura Martin Organizations: CNBC, YouTube, Oppenheimer & Co, Bloomberg, Pew Research, TikTok's

☆ Major driver of the AI trade takes a breather. But Nvidia's business is still full steam ahead
▼ + stars: | 2024-04-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The major force behind this year's AI trade has cooled off in recent weeks. "For three decades we've pursued accelerated computing, with the goal of enabling transformative breakthroughs like deep learning and AI," Huang said at GTC. So, as the benefits of AI trickle through the "AI supply chain," look for the benefits of AI to spread and earnings to grow as a result. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jensen Huang, Huang, we've, It's, Jim Cramer, Nvidia –, We're, hyperscaler, Jack, McDonald's, Jim, That's, Jim Cramer's, Justin Sullivan Organizations: Nvidia, GTC, Blackwell, Apple, Microsoft, Alphabet's Google, Google, Club, Web Services, Super, CNBC, Intelligence, SAP Center Locations: U.S, China, San Jose , California

☆ Jim Cramer thinks it's a good time to take profits in this mega-cap tech stock
▼ + stars: | 2024-04-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "I don't trust this market," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jim, Eaton, Jim Cramer's Organizations: CNBC, Dow, Nasdaq, Wall Street, RBC Capital Markets Locations: Eaton

☆ Amazon's two key businesses get bullish updates. No wonder its stock is at multiyear highs
▼ + stars: | 2024-04-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

While Microsoft Azure's reported 30% year-over-year revenue growth and Alphabet's Google Cloud posted 26% annual revenue growth during the same period, Amazon's results nevertheless indicated the softness in cloud spending is rolling over. Amazon said it expects accelerating AWS revenue trends to continue in 2024, which is good news for the stock. In a poll of more than 1,000 U.S. consumers about their expected spending, Amazon remains the preferred e-commerce destination "by a wide margin." Another encouraging finding in the Wedbush survey: Amazon Prime members said they are seeing "modest improvements" in their experiences, with 39% saying they received an order on the same or next day. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Microsoft Azure's, Adam Selipsky, Jim Cramer, —, Jim Cramer's, Jim, Alain Jocard Organizations: Mizuho Securities, Web, Enterprises, Microsoft, Google, AWS, Wedbush Securities, Walmart, Target, Amazon, CNBC, AFP, Getty Locations: Mizuho, Amazon's, U.S, Wedbush's

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