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☆ CrowdStrike shares tumble as fallout from global tech outage continues
▼ + stars: | 2024-07-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

CrowdStrike shares slipped as much as 13% on Monday morning, as the cybersecurity software company continued to help clients across industries recover from an outage that took millions of Microsoft Windows devices offline last week. The incident ensnared 8.5 million Windows devices, less than 1% of the global total, Microsoft said. CrowdStrike shares fell 11% on Friday, but the fallout was not over yet. Guggenheim Securities downgraded its rating on CrowdStrike shares to neutral from buy on Sunday. Goldman Sachs maintained their buy rating on CrowdStrike shares in a note issued early Monday.

Persons: George Kurtz, CrowdStrike, CNBC's Jim Cramer, John DiFucci, Goldman Sachs, Gabriela Borges, Dave DeWalt Organizations: Microsoft, Guggenheim Securities, McAfee, Intel Locations: Laguna Beach , California, U.S, CrowdStrike

☆ Paris adds an unusual museum to its illustrious roster
▼ + stars: | 2024-07-20 | by ( Forrest Brown | Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Homage to fromageMuseums are a highlight of any visit to Paris: The Louvre! Oui – joining the ranks of Paris museums is one devoted to glorious delights of cheese. That’s very close to Notre Dame (see video) so visitors to the cheese museum can easily stop by the famed cathedral to see the progress of its restoration after its devastating fire five years ago. Entry to the museum is €20 (about $21.75 US) for adults and children 5-11 visit for half price.

Persons: There’s, Louis en, there’s, –, we’ve, James Beard, Bacchus, Asia’s Organizations: CNN, Paris, Olympics, rue Saint, Notre Dame, Aviation, CNN Travel, Airlines, intel, Airbus, CNN CNN Travel Locations: France, Paris, Louis en l’Île, Portland, Maine, Portland , Maine, “, Florence

☆ Nvidia rebounds after TSMC says AI chip demand remains strong
▼ + stars: | 2024-07-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Nvidia's rise came after TSMC said on Thursday that demand remains high and supply remains constrained for high-end AI chips, which TSMC manufactures for Nvidia. Today, the demand is so high I had to work very hard to meet customer demand," Wei told analysts. On Wednesday, the semiconductor sector had its worst day since 2020, with big drops from AMD , Arm , Broadcom and Qualcomm alongside Nvidia. A Chinese invasion would throw Nvidia's chip supply into question. Nvidia stock is up more than 150% so far in 2024.

Persons: Jensen Huang, Donald Trump, TSMC, Wei, C.C, Laura Chen, chipmakers, Biden Organizations: Nvidia, SAP Center, AMD, Broadcom, Qualcomm, Citi, Micro, Intel, OpenAI, Bloomberg, UBS Locations: San Jose , California, Taiwan, Arizona, China, Dutch

☆ TSMC second-quarter profit beats expectations as AI chip boom continues
▼ + stars: | 2024-07-18 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge. The firm guided second-quarter revenue to be between $19.6 billion and $20.4 billion. Today, the demand is so high I had to work very hard to meet customer demand," Wei told analysts. TSMC projects third-quarter revenue between $22.4 billion and $23.2 billion. This compares to $17.3 billion in revenue posted in the same period a year ago.

Persons: C.C, Wei Organizations: Taiwan Semiconductor Manufacturing Company, Samsung, Intel, Apple, Nvidia, TSMC Locations: Taiwan, TSMC

☆ Morgan Stanley says renewable energy stock is 'underappreciated' as powering AI play
▼ + stars: | 2024-07-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Bloom Energy is an up-and-coming artificial intelligence play, according to Morgan Stanley. Analyst Andrew Percoco reiterated his overweight rating on San Jose-based Bloom Energy after it announced a strategic partnership on Tuesday with Nvidia-backed GPU cloud provider CoreWeave. Under the agreement, Bloom Energy will deploy its solid oxide fuel cells to generate power for CoreWeave's data center in Illinois. The analyst's $22 price target implies shares of Bloom Energy can jump nearly 44% from its latest closing price. Bloom Energy and e-commerce giant Amazon last week entered into an agreement with Silicon Valley Power to deploy 20 megawatts of fuel cells for an Amazon data center, Percoco noted.

Persons: Morgan Stanley, Andrew Percoco, Percoco, Bloom Organizations: Bloom Energy, Nvidia, BE, CoreWeave, Intel Locations: Jose, Illinois, Bloom, Santa Clara , California

☆ Chip stocks try to rebound as TSMC earnings lift hopes after steep sell-off
▼ + stars: | 2024-07-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Nvidia and TSMC rose nearly 3%, while AMD and Intel rose about 1% on Thursday morning. Chip stocks tumbled Wednesday after Trump said Taiwan took "about 100% of our chip business"Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chip stocks tumbled across the board Wednesday. Nvidia shares fell 6.62%, while TSM and AMD's shares fell almost 8% and over 10%, respectively. The rebound comes after TSMC reported strong second-quarter earnings, with a 36% year-over-year rise in quarterly profit.

Persons: TSMC, Trump, —, Donald Trump, Joe Biden's Organizations: Nvidia, AMD, Intel, Taiwan, Service, Bloomberg, Semiconductor Locations: China, Taiwan

☆ Fact-checking night 3 of the Republican National Convention
▼ + stars: | 2024-07-17 | by ( Cnn Staff | ) edition.cnn.com time to read: +7 min

CNN —Night three of the Republican National Convention has kicked off in Milwaukee. From CNN’s Haley BritzkyRep. Ronny Jackson’s false claim of ‘record-high inflation’Rep. Ronny Jackson of Texas claimed in his Republican National Convention speech on Wednesday that there has been “record-high inflation” under the Biden administration. From CNN’s Haley BritzkyRNC video falsely claims there was peace in the Middle East under TrumpA video played early in the Republican National Convention proceedings on Wednesday night claimed that the “strength” of President Donald Trump kept “the Middle East at peace.” Republican National Committee Chairman Michael Whatley had similarly claimed in his convention speech on Monday that the Middle East was “at peace” four years ago under Trump. Dana El Kurd, senior nonresident fellow at the Arab Center Washington DC think tank, also called that claim “false” when Trump made it. She said in a November email: “The Abraham Accords did not achieve peace in the Middle East.

Persons: Newt Gingrich, Trump, Biden, –, Jennifer Hansler, Richard Grenell, Joe Biden “, ”, Joe Biden, ” Grenell, Donald Trump’s, “, CNN’s Haley Britzky, Ronny Jackson’s, Ronny Jackson, Jackson, Biden –, Daniel Dale, Michael Whatley, “ They’ve, Charlie Dietz, Donald Trump, Abraham, Aaron David Miller, ” Miller, Dana El Kurd, Joe Biden’s Organizations: CNN, Republican National Convention, Trump Former Republican, Defense, Trump intel, National Intelligence, ISIS, United, Taliban, Afghanistan Reconstruction, Russian, Russian Navy, Pentagon, State Department, NATO, Trump, Republican, ” Republican National, Abraham Accords, United Arab Emirates, West Bank, Hezbollah, Carnegie Endowment, International, Arab Center Washington DC, The Defense News, Heritage Foundation Locations: Milwaukee, Afghanistan, United States, ”, Doha, Texas, Cuba, Russia, Ukraine, Havana , Cuba, Russian, Kazan, Havana, Bahrain, Israel, Morocco, Sudan, Yemen, Syria, Gaza, Lebanon, Iran, Iraq, Palestine, China, “, America

☆ Watch out: These stocks reporting next week are primed for earnings blowups
▼ + stars: | 2024-07-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

The first full week of earnings kicked off earlier this week, with results from some of the biggest banks on Monday and Tuesday. Its estimated EPS for the current quarter has fallen more than 16% to 94 cents a share. The stock has been under pressure during this stretch, dropping 11.6% in the past three months as of Tuesday's close. Southwest Airlines made the list after receiving 28 downward EPS revisions, resulting in a consensus estimate that fell 35.1% in the three months. Last month, Charlotte-based steelmaker Nucor cut its second-quarter earnings guidance , a major factor behind analysts' 21 earnings estimate cuts over the past three months.

Persons: postmarket, Elliott, Bob Jordan, Gary Kelly Organizations: United Airlines, Netflix, CNBC, Starbucks, Southwest Airlines, Elliott Management, Dominion Freight, Intel Corp Locations: Dallas, Charlotte, Nucor

MacBook laptops can enjoy deals here and there throughout the year, but Prime Day offers the best guarantee of a deal if not the best deal. Right now, you can take $200 off the new 13-inch MacBook with the M3 processor or grab the latest M3 Pro 16-inch MacBook Pro model at an all-time low price. M1 users will notice a considerable improvement, and if you're still using an Intel MacBook Pro, this will basically blow your socks off. If you like larger displays without spending MacBook Pro money, there's a 15-inch model of the M3 MacBook Air, too. If you're looking for ultimate value, Apple still sells the M2 MacBook Air, which introduced Apple's long-overdue design refresh to the MacBook Air series.

Persons: it's, there's Organizations: Business, Air, MacBook, Apple, Pro, Max, Amazon Prime

You can grab some of the best deals of the year on gaming laptops from Alienware, Asus, and MSI. View at AmazonThe best Prime Day Apple MacBook dealsIf you're looking to buy any of Apple's MacBook laptops, now would be the time to do it. Apple's M3 MacBook Air offers the best bang for the buck for most people with fantastic performance and quality. Most people don't need the M3 Pro or M3 Max models, unless you want them for graphically intensive work. For gaming, even though Apple has made great strides in gaming performance, there's realistically only one option — a Windows gaming machine.

Persons: it's, Apple Organizations: Business, Asus, Max, Samsung, HP, Dell, Acer, Google, Amazon, MSI, Apple MacBook, Air, MacBook, Apple, MacBook Air, Intel, AMD, AAA, Amazon Prime

☆ The CEO of Cerebras, which could go public soon, takes on Nvidia in a David and Goliath battle for AI chip supremacy
▼ + stars: | 2024-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Few would envy the task of competing against market leader Nvidia, which has between 70% and 90% market share, according to Mizuho Securities. Still, Nvidia gets most of the hype — and the revenue. Though the company will not confirm it, The Information reported last month that Cerebras has confidentially filed for an IPO. Still, Feldman expects that even consumer-directed AI models will grow larger, and larger models need faster chips. Competing with that mindshare is an uphill battle as Nvidia faces more competition and goes on defense.

Persons: —, Andrew Feldman, I'm, Feldman, Cerebras, David, He's, Cerebras's, Ramsey Cardy Cerebras, Susan Organizations: Service, Palo, Nvidia, Mizuho Securities, Business, Big Tech, Intel, Google, AMD, GSK, AstraZeneca, IBM, Eclipse Ventures Locations: California, Palo Alto , California, It's

☆ Jefferies names 'yet-to-be discovered AI play' in Taiwan, giving it 42% upside potential
▼ + stars: | 2024-07-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Jefferies has identified a lesser-known and potentially undervalued Taiwanese company poised to benefit from the growing artificial intelligence sector. The investment bank said Insyde Software, listed on the Taipei Exchange, is well positioned to capitalize on the increasing demand for AI-enabled personal computers and servers. Jefferies initiated coverage of Insyde with a research note titled "Firmware Leader and Yet-to-be Discovered AI Play" on July 9 with a "Buy" rating and a price target that suggests a potential 42% upside from current levels. However, the stock has already risen by more than 30% since the ratings action, according to FactSet data, which shows the stock currently offers 17% upside potential. Founded in 1998, Insyde has established itself in the firmware industry, commanding over 50% market share in the personal computer segment, Jefferies suggests.

Persons: Jefferies, Insyde, Matt Ma, — CNBC's Michael Bloom Organizations: Interactive, Microsoft, Nvidia, Qualcomm, Intel, Dell, HP Locations: Taipei, Taiwan

☆ Local officer tried to stop gunman on rooftop, but was unable to engage him, Butler County sheriff says
▼ + stars: | 2024-07-14 | by ( Pamela Brown | Shoshana Dubnow | ) edition.cnn.com time to read: +2 min

CNN —A local police officer saw the gunman on the rooftop during former President Donald Trump’s Pennsylvania rally on Saturday but was unable to engage him, Butler County Sheriff Michael T. Slupe told CNN’s Pamela Brown on Sunday. Slupe said that Butler Township officers received calls about a suspicious person outside the perimeter of the rally and went looking to find that person. The initial calls did not indicate the suspicious person had a gun, he said. During the search for the suspicious person, officers with township police discovered that the gunman was on the roof, and one local officer hoisted another to get up to the ledge. Had he known there were any threats of a gunman, Slupe said, he would have done “everything to stop him (Trump) from coming out.”

Persons: Donald Trump’s, Butler County Sheriff Michael T, Slupe, CNN’s Pamela Brown, Trump, ” Slupe, ” Organizations: CNN, Butler County Sheriff, Trump, intel, Service Locations: Donald Trump’s Pennsylvania, Butler County, Butler

☆ Cramer: Here are 5 stocks I would buy right now — plus 3 to keep your eyes on
▼ + stars: | 2024-07-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

In the meantime, we received some terrific feedback from members after revealing in late May five stocks we would buy right here, right now. So which stocks would I buy right now? And while we expect Monday may not be a good day for tech stocks — remember it is only day three of the rotation — you have to buy AMD before the tide turns back to tech. I said that Best Buy was much more than just a brick-and-mortar company and that its integrity was high. More importantly, like AMD, Best Buy is where people will try out a new AI PC.

Persons: We've, that's, Nvidia's Blackwell, Wells Fargo, Wells, Charlie Scharf, Charlie, Doug Braunstein, Fernando Rivas, Jamie Dimon, there's, Scharf, let's, Ed Breen, Breen, Dennis Kozlowski, Kozlowski, Medtronic, Dupont, China's, Peter Arduini, Wynn, Laxman Narasimhan, Howard Schultz, Laxman, Narasimhan, Schultz, Mellody Hobson, There's, Jim Cramer's, Jim Cramer, Jim, Pual Yeung Organizations: Dow Jones, Devices, Nvidia, Broadcom, Big Tech, AMD, Intel, PC, Microsoft, HP, Wells Fargo, JPMorgan, Costco, Gold, DuPont, Tyco, Tyco Electronics, Johnson Controls, GE Healthcare, Wynn, Starbucks, GE, Philips, Siemens, Management, Caesars, Las, Sands, Biden, Covid, Palestinian, McKinsey, PepsiCo, Jim Cramer's Charitable, CNBC, Wynn Resorts, Bloomberg, Getty Locations: Wells Fargo, Wells, U.S, Canada, Dupont, China, East Germany, Macau, Israel, Jewish, Gaza, Macao

☆ With Ukraine short on battle tanks like the Abrams, US-made Bradley fighting vehicles are proving their worth
▼ + stars: | 2024-07-13 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +14 min

Among the wartime additions to Ukraine's arsenal is the US-made Bradley fighting vehicle, a formidable asset that continues proving its worth on the battlefield several decades after it first saw combat. A 'very effective' infantry fighting vehicleThe Bradleys were built as a response to the Soviet infantry fighting vehicles and entered service in the 1980s. A Bradley fighting vehicle from the US Army 2nd Armored division drives through Saudi Arabian desert on Jan. 18, 1991. Hassani RiberaThe Bradley infantry fighting vehicle is lighter than an Abrams tank by roughly 40 tons. Ukrainian soldiers on a Bradley infantry fighting vehicle near Avdiivka on Feb. 23, 2024.

Persons: —, Bradley, Abrams, Kyiv didn't, Mark Cancian, Sadayuki Mikami, Ukraine's Abrams, Bradley isn't, Ribera, Tayler P, Schwamb, Pat Ryder, Bradleys, Cancian, What's, scrappy, GENYA SAVILOV Organizations: Service, Russia, Business, Abrams, Kyiv, US Marine Corps, US Army 2nd, AP, Bradley, US Army, Pentagon, Ukraine, Army, US Army National Guard, Spc, M1A2 Abrams, Tank, Marine Corps Base, 47th Mechanized Brigade, Center for Strategic, International Studies, intel, Getty, XM30 Mechanized Infantry, US, 47th, Mechanized Brigade Locations: Ukraine, US, Iraq, Saudi, Kyiv, Trzebien, Poland, Pendleton, Ukraine's Donbas, Anadolu, Avdiivka, Afghanistan, Ukrainian, Bradley, Western

☆ Your Best Option: Bill Baruch puts on a new options trade in Intel
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYour Best Option: Bill Baruch puts on a new options trade in IntelBill Baruch, founder and president of Blue Line Capital, joins CNBC’s “Halftime Report” to detail his latest options trade in Intel.

Persons: Bill Baruch, Intel Bill Baruch Organizations: Intel, Blue Line

☆ As AI-related stocks continue to outperform, here are the top analyst calls this week
▼ + stars: | 2024-07-12 | by ( Katrina Bishop | ) www.cnbc.com time to read: 1 min

Investor interest in artificial intelligence-related stocks is showing little signs of slowing, with names including AMD and Intel among the top performers of the last week. Even glass and optics maker Corning got a major boost, with shares soaring 12% after it raised its guidance and cited strong demand for its products that power networks running generative artificial intelligence . Meanwhile, Nvidia 's stock continued its seemingly unstoppable rise, up around 7% over the last week. Here's a round-up of all the top analyst calls on AI stocks from CNBC Pro this week:

Persons: Corning, Here's Organizations: AMD, Intel, Nvidia, CNBC Pro

For more than six months, Russia has been carrying out a sabotage campaign across Europe, largely by proxy. “We’re seeing sabotage, we’re seeing assassination plots, we’re seeing arson. Russia’s sabotage campaign has, at times, smacked of a shotgun approach carried out by amateurs. In London in March, several men were charged with working with Russian intelligence services to set fire to a Ukrainian-linked warehouse. And French authorities last month detained a Russian-Ukrainian man who was allegedly building bombs as part of a sabotage campaign orchestrated by Moscow.

Persons: Armin Papperger, Olaf Scholz, Boris Pistorius, Fabian Bimmer, “, ”, Adrienne Watson, “ Russia’s, Oliver Hoffman, ” Hoffman, Donald Tusk, Papperger, Dariusz Borowicz, Agencja Wyborcza.pl, Reuters “, ” CNN’s Zachary Cohen Organizations: CNN, Kyiv, Rheinmetall, NATO, National Security, NATO Allies, Embassy, intel, US, Reuters, Ukraine Locations: Ukraine, Europe, Kyiv, Germany, Berlin, Russia, West, Moscow, Papperger, Unterluess, United States, Washington, Russian, Polish, Lithuania, Poland, Ukrainian, London, Warsaw

☆ Tuesday's rapid fire: BofA, RH, Intel, Netflix, Smurfit Westrock
▼ + stars: | 2024-07-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday's rapid fire: BofA, RH, Intel, Netflix, Smurfit WestrockJim Cramer looks at five stocks outside the CNBC Investing Club portfolio.

Persons: Westrock Jim Cramer Organizations: Intel, Netflix, CNBC, Club

☆ Jim Cramer calls this stock the Buffett bank; warns nothing really new on Netflix
▼ + stars: | 2024-07-09 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Bank of America : Piper Sandler upgraded the stock to neutral from underweight (hold from sell) and raised its price target to $42 per share from $37. "It's becoming the Buffett bank," Jim Cramer said Tuesday ahead of next week's earnings. RH : Stifel started coverage of the company formerly named Restoration Hardware with a buy and a $315-per-share price target. Netflix : Cowen increased its price target on the stock ahead of earnings next week. Smurfit Westrock : Stifel started coverage of the paper-based packaging company with a buy rating and a $65.70-per-share price target.

Persons: Jim Cramer's, Piper Sandler, It's, Jim Cramer, Warren, Berkshire Hathaway, BofA ., Stifel, Gary Friedman, Gary, Cramer, He's, chipmaker, he's, Cowen, There's, it's Organizations: CNBC, Club, Bank of America, Buffett, Berkshire, Intel, Netflix Locations: BofA

☆ US intel chief says Iran is attempting to stoke Gaza protests
▼ + stars: | 2024-07-09 | by ( Katie Bo Lillis | ) edition.cnn.com time to read: +2 min

CNN —Iran is attempting to covertly stoke protests in the United States related to the conflict in Gaza, US Director of National Intelligence Avril Haines said in a statement on Tuesday, posing as activists online and, in some cases, providing financial support to protesters. “I want to be clear that I know Americans who participate in protests are, in good faith, expressing their views on the conflict in Gaza — this intelligence does not indicate otherwise,” Haines said. “Americans who are being targeted by this Iranian campaign may not be aware that they are interacting with or receiving support from a foreign government,” she said. Those protests have been hugely divisive domestically, making them a ripe target for foreign actors — like Iran — interested in amplifying discord within the US. A US intelligence assessment released in December reported that Iran also tried to meddle in the 2022 midterm elections.

Persons: of National Intelligence Avril Haines, ” Haines, ”, “, —, Haines Organizations: CNN, stoke, of National Intelligence, Hamas Locations: Iran, United States, Gaza, Israel, Tehran

☆ Stocks making the biggest moves premarket: Chemours, Intel, BP and more
▼ + stars: | 2024-07-09 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Nvidia — Shares rose more than 1% after KeyBanc hiked its price target on the chipmaker to $180, implying upside of more than 40% from Monday's close. "Despite the impending launch of Blackwell in 2H24, we are not seeing any signs of a demand pause as demand for H100 remains robust," KeyBanc said. BP — The oil and gas giant's U.S.-listed shares fell more than 4% after the company warned it expects to report an impairment of up to $2 billion. Tempus AI — Shares popped nearly 4% after several Wall Street banks initiated coverage of the health-care diagnostics company with buy or overweight ratings. Helen of Troy — Shares of the Hydro Flask and Oxo parent fell more than 25% after a big earnings miss.

Persons: KeyBanc, Helen of Troy —, FactSet, —, Fred Imbert, Michelle Fox Theobald Organizations: UBS, Nvidia, Blackwell, BP, Nasdaq, Intel, Hydro Locations: Monday's, 2H24, U.S

☆ AI tools and startups are helping workers bluff their way through job interviews. Just don't call it cheating.
▼ + stars: | 2024-07-09 | by ( Rob Price | ) www.businessinsider.com time to read: +12 min

Read previewMichael Guan wants you to use AI to bluff your way through that job interview. He's the cofounder and CEO of Final Round AI, a startup building artificial intelligence-powered tools for job seekers. There's a debate in Silicon Valley about the appropriateness of candidates using AI in job interviews. An AI-powered proxy interview demoArjun, a professional interview proxy, hopped on a call to explain how it worked and then gave a demo. Guan argued that using AI during a job interview isn't underhanded; it shows the worker's ingenuity.

Persons: —, Michael Guan, Otter.ai, There's, Guan shrugged, Otter, it's, Arjun, AiApply, Aidan Cramer, Cramer, Buddy, that's, résumé, Guan, Jay Ma, Copilot, Ma Organizations: Service, Business, AWS, Google, Microsoft, Hub, Intel, Nvidia, Wayback, Bureau of Labor Statistics, YouTube Locations: Silicon Valley, Facebook, WhatsApp, London, San Francisco, Francisco, China, Seattle, TikTok

☆ The 'AI laggard' trade could be ready to work again, benefiting these stocks
▼ + stars: | 2024-07-09 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

We think so," Melius analyst Ben Reitzes said in a research report on Monday. We think infrastructure software may be harder to disrupt," the Melius analyst said. Apple, AMD and Intel should benefit from looming product cycles and an eventual easing of cloud capital expenditures spending, according to Reitzes. For Apple, the analyst believes consumers will favor its iPhone 16 out in September given its "Apple Intelligence" AI capabilities. His price targets on Intel and AMD suggest the stocks can advance some 16% and 22%, respectively, over the next year.

Persons: Ben Reitzes, Melius, Reitzes Organizations: Apple, AMD, Research, VanEck Semiconductor, Intel, IBM, Devices, Apple Intelligence Locations: Monday's, Turin

☆ Three-Stock Lunch: Intel, Corning and ServiceNow
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Intel, Corning and ServiceNowMalcolm Ethridge, CIC Wealth EVP, joins 'Power Lunch' to discuss stock plays for three stocks, including Intel, Corning and ServiceNow.

Persons: ServiceNow Malcolm Ethridge Organizations: Intel, Corning Locations: ServiceNow

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