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☆ Jeff Bezos just made his latest bet in the AI robotics space. Here are the 6 startups he's backed so far.
▼ + stars: | 2024-11-05 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

BI has compiled a list of which AI robotics startups Bezos has backed so far, per PitchBook. Physical Intelligence is at least the third spatial intelligence startup Bezos has backed this year, according to PitchBook. Related storiesFigure AIFigure AI builds AI robots that can take over unsafe jobs from humans. Bezos invested in an undisclosed funding round in 2021, while Bezos Expeditions invested in its $24 million Series A funding round in 2020. Bezos Expeditions invested in the startup's $30 million Series E in 2017, $40 million Series D in 2015, $30 million Series C in 2012, $20 million Series B in 2010, $7 million Series A1 in 2009, and $5 million Series A in 2008.

Persons: Jeff Bezos, —, Andreessen Horowitz, Bezos, OpenAI Organizations: Service, Khosla Ventures, Intelligence, The New York Times, Bezos Expeditions, New York Times, Sentinel, HAHN Group

☆ OpenAI hires Meta's former Orion head to lead its robotics efforts
▼ + stars: | 2024-11-05 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

The former head of Meta's Orion augmented reality glasses initiative has joined OpenAI to lead the startup's robotics and consumer hardware efforts. OpenAI has gained popularity for its viral chatbot, ChatGPT, but the hiring underscores its apparent efforts to move into building and selling hardware. Former Apple exec Jony Ive, who helped design some of Apple's most iconic products from the iMac to the iPhone, has also partnered with OpenAI to create an AI device. The startup focuses on "bringing general-purpose AI into the physical world," per its website, and it aims to do this by developing large-scale artificial intelligence models and algorithms to power robots. Kalinowski's first day on the job at OpenAI is Tuesday, Nov. 5, per a LinkedIn post.

Persons: Orion, OpenAI, Caitlin, CK, Kalinowski, Jony, Jeff Bezos, Meta Organizations: Apple, Physical Intelligence, Amazon, Lux Capital, Bond Capital, Meta, Orion, Pro Locations: San Francisco, OpenAI

☆ In an all-hands meeting, Amazon CEO Andy Jassy tells employees why he wants fewer managers: 'I hate bureaucracy'
▼ + stars: | 2024-11-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Amazon aims to adapt to tech changes and competitive pressures, especially with AI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. During an internal all-hands meeting on Tuesday, Jassy explained why the company recently announced a plan to reduce the number of managers. Only a few companies survive for 50 or 100 years in the tech industry because "the world changes, technology changes, competitors change, companies change," he said. "We have a chance to build the most remarkable company in the history of business," Jassy said.

Persons: —, Andy Jassy, Jassy, Peter DeSantis, DeSantis, I'm, it's, there's Organizations: Service, Business, Amazon Locations: AWS's

☆ CHART: Big Tech is going wild on AI spending next year and beyond
▼ + stars: | 2024-11-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon, Google, Meta, and Microsoft are expected to churn through $300 billion in capex next year. The spending spree is driven by generative AI and LLM opportunities, says Morgan Stanley. Earlier this year, Bernstein forecast Big Tech capex of more than $1 trillion over five years. Related storiesRelated Video How tech layoffs could affect the economyIn Morgan Stanley's new estimates, Amazon saw the largest increase in future spending. In 2026, Amazon capex will climb even higher, to $105 billion, according to Morgan Stanley estimates.

Persons: Morgan Stanley, Amazon's, —, Bernstein, Morgan Stanley's, Andy Jassy, We've, Jassy Organizations: Google, Microsoft, Service, Big Tech, Tech, Amazon Locations: capex

☆ CNBC Daily Open: All eyes on U.S. elections
▼ + stars: | 2024-11-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 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. History forecasts a market rally after electionsHistorically, stocks have mostly risen after a presidential election, though there can be some short-term volatility. The three major U.S. benchmarks on average have almost always clocked gains between Election Day and year-end, going back to 1980, according to CNBC data. Markets slip ahead of Election DayStocks fell Monday as investors awaited the U.S. presidential election and Fed rate verdict later this week.

Persons: Wall, aren't, Stocks, Jeff Bezos Organizations: CNBC, JPMorgan, Fitch, Federal Reserve, Dow Jones, Nasdaq, Intelligence, Investors, Amazon, U.S, Conference Board Locations: U.S, Francisco

☆ In all-hands meeting, Amazon CEO says RTO mandate not a 'backdoor layoff'
▼ + stars: | 2024-11-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Business Insider obtained a recording of Amazon CEO Andy Jassy's latest all-hands meeting. Jassy said Amazon's RTO policy is not a 'backdoor layoff' strategy. The RTO policy aims to strengthen company culture, not cut costs, he said. This is very much about our culture and strengthening our culture," Jassy said, adding that the only city Amazon notified ahead of time about its RTO mandate was Seattle. Amazon Web Services CEO Matt Garman said in a staff meeting last month that 9 out of 10 Amazon employees he'd spoken with were "excited" by the change.

Persons: Andy Jassy's, Jassy, Amazon's, —, Andy Jassy, Matt Garman, there's, I'm, it's Organizations: Amazon, Service, Business, Web Locations: Seattle

☆ Google curbs politics discussion among employees on U.S. Election Day
▼ + stars: | 2024-11-05 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Google has been moderating and removing employees' internal election-related conversations, CNBC has learned. Despite the warnings, employees continued posting memes related to the election and criticizing the company's policies on Tuesday. The most recent leadership guidance shows the company is taking expanded action to temper internal political discussions. That includes through the company's Google Search, Google News and YouTube services. Google briefly shut down an internal message board this March after employees posted comments about the company's Nimbus contract.

Persons: Sundar Pichai, Pichai, Donald Trump Organizations: Google, CNBC, Tuesday's, Monday, YouTube, Republican, Amazon, U.S . National Labor Board Locations: Tuesday's U.S, U.S

He noted that in many of the videos being called out by Torres, Piker was criticizing the Israeli government, not Jewish people. Still, the letter marks one of the more high-profile callouts of the popular streaming platform over content regulations related to the Israel-Hamas war. The criticism of Piker came the same month Twitch was accused of disabling sign-ups for the platform from some users in Israel and the Palestinian territories. “It’s actually one of the most stringently applied TOS systems on any platform,” Piker said. The views shared by streamers on Twitch are not the views of Twitch nor are they my personal views."

Persons: Ritchie Torres, Hasan Piker, Benjamin Netanyahu, Piker, Torres, Twitch, —, Sen, Bernie Sanders, Alexandria Ocasio, Tim Walz —, Torres —, ”, Dan Clancy, ” Clancy, “ They’re, ” Piker, he’s, he’s “, Cenk Uygar, Palestine ”, “, …, Sabra, hummus, ” CapriSunnPapi, Raffoulticket, DenimsTV, Jake Steinberg, hasan, Ethan Klein, “ I’ve, ” Klein, ” Fr0gan, raff, sabra hummus, ” Frogan, Zack “ Asmongold ” Hoyt, ” Hoyt, “ It’s, I’m, America —, Clancy Organizations: Hamas, NBC News, Minnesota Gov, NBC, Turkish, Turks, “, YouTube, Defamation League, ADL, U.S . Department of State Locations: Israel, Alexandria, Cortez, Gaza, American, Palestinian, Palestine, San Diego, TikTok, America

“Too frequently, large grocery companies use their significant market power to hike prices for essential goods and take advantage of customers,” the letter said. Grocery prices shot up 20% between January 2021 and December 2022, causing some consumers to cut back on common purchases like red meat and eggs. But inflation is now virtually back to normal; since November 2023, grocery prices have been increasing by less than 2% on an annual basis. The companies say the tags let employees change prices up to every 10 seconds, allowing them to streamline operations and restock faster. Kroger has denied that claim, saying electronic pricing would only be used to lower prices whenever possible.

Persons: Sen, Elizabeth Warren, Adam Schiff, Warren, Schiff, Harris, Kamala Harris, Donald Trump, they’re, Vons “, ”, Bernie Sanders, —, ” The, Kroger Organizations: Democratic, NBC News, Federal Trade Commission, Department of Agriculture, ”, Republicans, Biden, Albertsons, Safeway, Vons, FTC, USDA, Fair, ” The Biden, Walmart, Amazon, Costco, Kroger, of America Locations: California

☆ Barry Diller calls timing of The Washington Post's non-endorsement a 'blunder'
▼ + stars: | 2024-11-04 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

To Barry Diller, a friend of Amazon founder Jeff Bezos, the decision for The Washington Post not to endorse a candidate in tomorrow's presidential election was "absolutely principled" — and poorly timed, he said Monday on CNBC's Squawk Box. "They made a blunder — it should've happened months before, and it didn't, and that's the issue with it," Diller said. Diller is chairperson of both online travel company Expedia and IAC , which owns media platforms and websites like Dotdash Meredith and Care.com. "I think it was absolutely principled," Diller said. "The mistake they made — and it was a mistake admitted by him — was timing."

Persons: Barry Diller, Jeff Bezos, Diller, Dotdash Meredith, Care.com, Diane von Furstenberg, Lauren Sanchez, Bezos, — Organizations: Amazon, The Washington Post, IAC Locations: Bezos

☆ Cramer raves about Salesforce's star-powered plan to raise awareness of its new AI agents
▼ + stars: | 2024-11-04 | 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. In his Sunday column, meanwhile, Jim Cramer looked at 11 earnings surprises , including a feeling that both presidential candidates would support solar. 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, There's, that's, there's, Eli Lilly, Lilly, Stanley Black, Decker, Nextracker, Jim, Salesforce, Evercore, Agentforce, he's, Saleforce's, Matthew McConaughey, Stocks, Sherwin, Berkshire Hathaway, Jim Cramer's, NVDA Organizations: CNBC, Fed, Devices, Nvidia, Intel, Dow, Therapeutics, Depot, ISI, Abercrombie, Fitch, Constellation Energy Locations: Friday's, Williams, Berkshire, Marriott

☆ Tech partnerships with power companies for AI in doubt after government rejects key Amazon agreement
▼ + stars: | 2024-11-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Technology companies' push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data center. Constellation Energy and Vistra Corp. tumbled nearly 8% and more than 3%, respectively, in sympathy. The Amazon data center campus can still use 300 megawatts of power from the Susquehanna nuclear plant, according to Talen. The FERC decision does not impact Constellation's plans to restart the Three Mile Island nuclear plant in 2028 through a power purchase agreement with Microsoft . Tech companies are increasingly turning to nuclear power because it is reliable and does not emit carbon dioxide emissions.

Persons: Vistra, Talen, Mark Christie Organizations: Federal Energy Regulatory Commission, Susquehanna, Independent, Talen Energy, Amazon, Constellation Energy, Vistra Corp, Microsoft, Tech, Nvidia, Constellation Locations: Pennsylvania, Susquehanna, Ohio, New Jersey, Talen

☆ AppLovin's 300% surge in 2024 leaves ad-tech company with big expectations for earnings
▼ + stars: | 2024-11-04 | by ( Cj Haddad | ) www.cnbc.com time to read: +4 min

AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according to FactSet data. The technology helps put more targeted ads on the mobile gaming apps the company owns, and works for other studios that license the software. They said the company's "real opportunity" is to catch the influx in brand advertising towards mobile gaming from more conventional channels like social media or legacy broadcasting. Because of its position in digital advertising, AppLovin faces potential competition from some of the most well-capitalized companies on the planet. In 2022, AppLovin gave up on efforts to buy gaming software developer Unity Software for $20 billion, after Unity shareholders rejected the bid.

Persons: AppLovin, Wells Fargo, FactSet . Oppenheimer, Stifel Nicolaus, Jefferies, Adam Foroughi, could've, Foroughi, mightily, Unity, LightShed's Brandon Ross Organizations: Nvidia, Revenue, FactSet, Wedbush, Google, Facebook, Apple, Orient, Unity Software, Unity Locations: BTIG, AppLovin, U.S

☆ Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
▼ + stars: | 2024-11-04 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Physical Intelligence, a robot startup based in San Francisco, has raised $400 million at a $2.4 billion post-money valuation, the company confirmed Monday to CNBC. Investors included Amazon founder Jeff Bezos, OpenAI, Thrive Capital and Lux Capital, a Physical Intelligence spokesperson said. Physical Intelligence's new valuation is about six times that of its March seed round, which reportedly came in at $70 million with a $400 million valuation. Physical Intelligence hopes that model will be the first step toward its ultimate goal of developing artificial general intelligence. In case studies, Physical Intelligence details how its tech could allow a robot to do laundry, bus tables or assemble a box.

Persons: Sam Altman, Jeff Bezos, OpenAI, Microsoft's Bing Organizations: Economic, Amazon, Change, Physical Intelligence, CNBC, Investors, Lux Capital, Khosla Ventures, Sequoia Capital, Tesla, Google, Intelligence Locations: Davos, Switzerland, Glasgow, Scotland, Britain, San Francisco, ChatGPT

☆ Jim Cramer says Monday's market action suggests some traders anticipate a Harris win
▼ + stars: | 2024-11-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer reviewed Monday's market action, saying the session's moves reflect investors who feel Vice President Kamala Harris could win the presidency, even as the race remains deadlocked in the polls on the eve of Election Day. "I'm not sure the market's right about what a Harris presidency would mean for business, but at least now we have a blueprint for what Wall Street thinks it'll mean," he said. Traders, Cramer said, are looking to get ahead of election results, and they're looking for signs that someone knows something that others don't. The poll showed Harris leading Trump 47% to 44%, and Cramer said it has led investors to question whether other red states could turn blue. "I like the idea that you can now get a jump on what traders think," he said.

Persons: CNBC's Jim Cramer, Kamala Harris, I'm, Harris, Cramer, Donald Trump, Lina Khan Organizations: Traders, Trump, Toll, Companies, Constellation Brands, Biden, Federal Trade Locations: Iowa, Lennar

☆ A rare bee species reportedly put an end to Meta's plans for a nuclear-powered AI data center
▼ + stars: | 2024-11-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

A rare bee species reportedly threw a wrench in Meta's plans for an AI data center. Other tech giants are spending billions on data centers to further their AI ambitions. A rare species of the insect threw a wrench in the company's plans for an AI data center, the Financial Times reported Monday. Rivals, including Google, Amazon, and Microsoft, also invest billions in data centers to power their AI. AdvertisementThe boom in data centers to power AI also comes with high costs environmentally, not just financially.

Persons: Meta, —, Mark Zuckerberg, IBM's Jonathan Adashek Meta, Kairos Power, Marc Wulfraat, MWPVL Organizations: Service, Financial Times, Google, Microsoft, Kairos, Bloomberg, McKinsey

Learn moreThe concept of smart glasses isn't new, but by collaborating with Ray-Ban, Meta's Smart Glasses offer an unprecedented level of style to their functionality. Meta Smart Glasses are designed with discrete, built-in cameras that you can use to take photos and videos from your point of view. Per the links above, various Ray-Ban Meta Smart Glasses are available for sale at multiple retailers, including Amazon and the official Ray-Ban site. Even prescription glasses wearers can enjoy the benefits of Ray-ban Meta Glasses with transitions and prescription tinted lenses. Pick up your pair of Ray-ban Meta Glasses at Amazon or Ray-ban.

Persons: Ray Organizations: Business, Ray, Amazon, Amazon Prime

☆ Stocks making the biggest moves premarket: Trump Media, Talen, Nvidia, Apple and more
▼ + stars: | 2024-11-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

The drug is classified as a GLP-1, which could put the company in competition with Novo Nordisk and Eli Lilly. Berkshire Hathaway – Shares were marginally lower after Warren Buffett's conglomerate revealed that operating earnings totaled $10.1 billion in the third quarter . Berkshire Hathaway shares were marginally lower after operating earnings totaled $10.1 billion in the third quarter. Trump Media & Technology Group – Shares of former President Donald Trump's media company pulled back more than 3% ahead of the U.S. election on Tuesday. Shares of Intel were more than 1% lower, while Dow Inc. shares were off 0.6%.

Persons: Talen, Eli Lilly, Berkshire Hathaway, Warren Buffett's, Warren Buffett's Berkshire Hathaway, Peter Stern, Donald Trump's, Roblox, Morgan Stanley, Jefferies, Sherwin, Williams, William, CNBC's Hakyung Kim, Brian Evans, Sarah Min, Lisa Kailai Han, Spencer Kimball, Tanaya Macheel, Michelle Fox Theobald Organizations: Energy, Federal Energy Regulatory Commission, Susquehanna, Constellation, Therapeutics, Novo Nordisk, Apple, Berkshire, –, Bank of America, Trump Media & Technology, Nvidia, Dow Jones, Intel, Dow Inc

☆ From nuclear to quantum computing, how Big Tech intends to power AI's insatiable thirst for energy
▼ + stars: | 2024-11-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

data center, in Navi Mumbai, India, on Thursday, Mar. Some of the options on the table include a pivot to nuclear, liquid cooling for data centers and quantum computing. A server room at a data center in India. Alongside nuclear energy and liquid cooling technology, some tech players have suggested developments within AI could help to decarbonize data centers. Aerial view of a data center owned by the US multinational and technology company Google in Santiago on October 9, 2024.

Persons: Somya Joshi, Frisio, Dhiraj Singh, Raj Hazra, Peter Herweck, Eric Schmidt, SEI's Joshi, Joshi, Hazra, Rodrigo Arangua Organizations: Yotta Data Services, Bloomberg, Getty, Big Tech, Stockholm Environment Institute, SEI, CNBC, International Energy Agency, Swiss, ABB, Microsoft, Google, Schneider Electric, Motivair Corp, Quantinuum, Afp, Honeywell Locations: Navi Mumbai, India, Mar, Stockholm, U.S, Santiago, South America, Quantinuum

☆ Don't ignore the European market, Jim Cramer says
▼ + stars: | 2024-11-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday told investors not to write off the power of European markets, pointing out economic growth across the region. But he pointed out a number of developments in the European economy, including three rate cuts from the European Central Bank. Cramer suggested there's been growth across the continent, especially in southern rim countries like Portugal, Italy and Greece. Cramer added that he was impressed by growth in European markets that tech giants Amazon and Apple reported when they posted earnings last week. "Sooner or later, Wall Street's going to wake up to the fact that Europe is back," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, there's, Donald Trump, Wall Organizations: European Central Bank, Credit Suisse, Banco Santander, Apple Locations: Europe, Portugal, Italy, Greece, Spain, China

☆ We're buying more of two stocks that have been unfairly dinged in the past week
▼ + stars: | 2024-11-04 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Now that our trading restrictions for AMD and CrowdStrike are cleared, we can finally add to our positions. Whenever Jim mentions a stock on CNBC TV, we cannot buy or sell it for three days. We've wanted to buy AMD since its post-earnings sell-off on Wednesday. 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.

Persons: Jim Cramer's, Jim, We've, Jim Cramer Organizations: AMD, CrowdStrike, CNBC, Meta, Microsoft, Jim Cramer's Charitable Locations: CrowdStrike

☆ The Dow needs Nvidia to give chipmakers representation in index after Intel's plunge
▼ + stars: | 2024-11-04 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Nvidia, on the other hand, recently leapfrogged Intel as the biggest chipmaker by revenue, creating a clear one-for-one swap opportunity. With Intel being the only chipmaker in the index, the sector is underrepresented relative to its position in the economy. Nvidia positioned itself to join the Dow in May, when the company announced a 10-for-1 stock split. Amazon joined the Dow in January, giving the internet sector greater representation in the index. Meta's price of almost $562 would currently give it the heftiest weighting in the Dow, just ahead of UnitedHealth Group .

Persons: Dow Jones, Howard Silverblatt, Dow, Silverblatt, Sherwin, Williams Organizations: Intel, Dow Jones, Nvidia, Dow, Verizon, Chevron, Dow Inc, Amazon, UnitedHealth, AMD Locations: U.S

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Meta, Roblox, Peloton, Charter, Walmart, Berkshire Hathaway & more
▼ + stars: | 2024-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as buy Morgan Stanley said it's sticking with the stock following the release of the company's annual 10-K analysis. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley raised its price target on Amazon to $230 per share from $210. Morgan Stanley upgrades Entergy to equal weight from underweight Morgan Stanley said the energy company's outlook has improved. " Morgan Stanley upgrades Roblox to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it sees a long runway for growth. " Morgan Stanley downgrades STMicroelectronics to underweight from equal weight Morgan Stanley said it sees too many headwinds from the semis manufacturer.

Persons: Berkshire Hathaway, Price, Morgan Stanley, Apple, Goldman Sachs, Goldman, it's bullish, Rollins, William Blair, TSMC, Bernstein, Trip.com, Morgan Stanley downgrades STMicroelectronics, Hollister comps, Peter Stern, D.A, Davidson, AAPL Organizations: UBS, Berkshire, Citi, Apple, PlayStation, Barclays, Blackwell, Tencent, Entertainment, Trip.com, Bank of America, Inc, KeySight, Qs, Abercrombie & Fitch Citi, of America, " Bank of America, Meta, Walmart Locations: Kazakhstan, LA, China

☆ Cramer's favorite stock of earnings season so far gets new props from analysts
▼ + stars: | 2024-11-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

The news Morgan Stanley raised its Amazon price target Monday to $230 per share from $210 — implying 16% upside to Friday's close. Morgan Stanley expects Amazon's shipping and fulfillment cost per package to decrease about 3% each year from 2023 to 2026, reaching $6.51 by 2026. Bottom line Jim Cramer wrote in his Sunday column that Amazon is the "best stock so far" of this earnings season, citing skill execution across all of its businesses. 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.

Persons: Morgan Stanley, D.A, Davidson, Jim Cramer, Jim Cramer's, Jim, David Paul Morris Organizations: Amazon, Web Services, CNBC, Bloomberg, Getty Locations: San Francisco

☆ What Nvidia's Dow inclusion means for the chipmaker, according to history
▼ + stars: | 2024-11-04 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Investors are expecting the Dow Jones Industrial Average to get a boost from the inclusion of the biggest artificial intelligence beneficiary of the last year. The 30-stock Dow has underperformed this year and last after failing to capitalize on the artificial intelligence boom that helped bolster the comparatively tech-heavy S & P 500 and Nasdaq Composite. By comparison, the S & P 500 has surged 20% in 2024, after climbing 24% last year. Nvidia shares have gained 179% this year, and last advanced 1.8% in midday trading. Meanwhile, Intel shares have tumbled more than 55% in 2024; on Monday, it was last off by another 3.5%.

Persons: Dow Jones, CFRA Research's Angelo Zino, Dow, Nvidia doesn't, Ned Davis, Zino, bullish Organizations: Dow Jones, Dow, Nasdaq, Nvidia, Ned Davis Research, Blackwell, Intel, Amazon, Walgreens, Alliance, Walgreens Boots Alliance

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