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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Big Tech keeps getting price target hikes Watch for earnings from three Club names Not all semis are liked as much as Nvidia 1. Big Tech gets price target hikes Stocks look like they're trying for gains Monday after strong weekly performances for the Dow , the S & P 500 and the Nasdaq . 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, MSFT, Morgan Stanley, Wells Fargo, Johnson, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Nvidia, Dow, Nasdaq, Microsoft, Wall Street, Halliburton, HAL, Nvidia Citi, Citi, Devices, Jim Cramer's Charitable Locations: India, Wells
JPMorgan downgrades AT & T to neutral from overweight JPMorgan downgraded the telecommunications due to "slowing growth drivers." Wells Fargo downgrades Progressive to equal weight from overweight Wells said it has concerns about the insurance company gaining share. UBS upgrades Microsoft to buy from neutral UBS said in its upgrade of the stock that shares are too attractive to ignore. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating after the company's Prime Day. JPMorgan reiterates Apple as overweight JPMorgan said recent checks show that Apple has "strong market share" in a variety of markets.
Persons: LOE, Wells, it's, Tesla, Morgan Stanley, Goldman Sachs, Goldman, Raymond James, Robert Iger, Mills, Argus Organizations: HSBC, Pfizer, ADC, JPMorgan downgrades, Verizon, Mobile, Consumer, JPMorgan, Alcoa, UBS, Microsoft, Citi, Applied Materials Citi, Bank of America, Texas Roadhouse Citi, Texas, Barclays, Apple, Sands, Macau, Northland, Nvidia, Pulte, KB, Disney, CNBC, DIS, Argus, TNT, Tidewater Locations: Wells Fargo, China, Northland
One of the best SSDs for the PS5 is seeing a huge discount on Amazon Prime Day. And check out our list of best Prime Day hard drive deals. The best Nextorage SSD dealsDeal icon An icon in the shape of a lightning bolt. This SSD offers 2TB of storage, and during Prime Day it's down to $112, the lowest price we've seen. It's nearly $300 off during Prime Day, which brings it to a record low price.
Persons: you'll, Nextorage Organizations: Amazon, Sony, PlayStation
Below, you'll find our live coverage of all of the best Prime Day deals on sought-after gaming laptops, PCs, consoles, SSDs, headsets, and more. Amazon gaming deal quick links:Prime Day gaming laptop dealsDeal icon An icon in the shape of a lightning bolt. $999.00 from Walmart Originally $1,649.00 Save 39%Prime Day gaming PC dealsDeal icon An icon in the shape of a lightning bolt. $1,029.99 from Amazon Originally $1,079.99 Save 5%Prime Day SSD dealsDeal icon An icon in the shape of a lightning bolt. $469.99 from Amazon Originally $599.99 Save 22%Prime Day Nintendo Switch dealsDeal icon An icon in the shape of a lightning bolt.
Persons: That's, they're, Price, 4TB, it’s, it's, It's, we've, Price Razer, SteelSeries, Price Hori, Con, Ed, it'll, Price LG, Price Dell, You'll, Zelda Organizations: Amazon, ASUS, Intel, AMD, Razer, Walmart, Asus, Nvidia, Prime, SK, SK Hynix, Deal SK hynix, Samsung, PlayStation, Seagate, Toshiba, Price Samsung, Price Logitech, Logitech, Bluetooth, Wired, Meta, Amazon Deal, Gray, Super Nintendo Entertainment, Duo, Stratus, Nintendo, Lightspeed, Apex, Monitor Samsung, LG Locations: it's
To help you score all the best Prime Day discounts, we're rounding up all of the best Prime Day PC gaming deals. Top 7 Prime Day PC gaming dealsThe best Prime Day gaming laptop dealsGaming laptops are down to low prices for Prime Day. $1,999.99 from Amazon Originally $3,199.99 Save 38%The best Prime Day gaming desktop dealsYou can snag great gaming desktops with powerful hardware at a discount on Prime Day. $1,259.99 from Amazon Originally $1,399.99 Save 10%The best Prime Day gaming monitor dealsAmazon's Prime Day sale includes big deals on gaming monitors from HP, LG, and more. $169.99 from Amazon Originally $249.99 Save 32%The best Prime Day gaming headset dealsGaming headsets are seeing great Prime Day discounts right now.
Persons: Marti Bug, That's, DisobeyArt, it'll, William Antonelli, Price Razer, Price Organizations: Amazon, ASUS, Intel, Razer, Getty, HP, LG, DC, Nvidia, AMD, Prime, Asus, Logitech, PlayStation, Amazon's, Price Logitech, Lightspeed, Bluetooth, Samsung, titans
During Prime Day, you'll find deals on Nextorage internal NVMe SSDs, at more than 50% off. The best Nextorage SSD dealsDeal icon An icon in the shape of a lightning bolt. Deal Nextorage 2TB Internal SSD for PlayStation 5 Nextorage drives can give your PlayStation 5 a massive performance and storage boost. This SSD offers 2TB of storage, and during Prime Day it's down to $112, the lowest price we've seen. It's nearly $300 off during Prime Day, which brings it to a record low price.
Persons: you'll, Nextorage Organizations: Amazon, Sony, PlayStation Locations: Nextorage, Phison
Amazon Prime Day is here, and that means exclusive Prime Day discounts on thousands of products, including gaming PCs, headsets, and monitors. To help you score all the best Prime Day discounts, we're rounding up all of the best Prime Day PC gaming deals. Top 4 Prime Day PC gaming dealsThe best Prime Day gaming laptop dealsGaming laptops are down to low prices for Prime Day. $1,259.99 from Amazon Originally $1,399.99 Save 10%The best Prime Day gaming monitor dealsAmazon's Prime Day sale includes big deals on gaming monitors from HP, LG, and more. $169.99 from Amazon Originally $249.99 Save 32%The best Prime Day gaming headset dealsGaming headsets are seeing great Prime Day discounts right now.
Persons: Marti Bug, That's, DisobeyArt, it'll, William Antonelli, Price Razer, Price Organizations: Amazon, ASUS, Intel, Razer, Getty, HP, LG, DC, Nvidia, AMD, Prime, Asus, Logitech, PlayStation, Amazon's, Price Logitech, Lightspeed, Bluetooth, titans
Apple saw a sharp uptick in global PC market share for the second quarter of 2023, recovering from weak delivery numbers in the preceding period, according to data from IDC. The news comes amid a broadly weakening PC market. Apple's Mac computers now account for 8.6% of global market share, as the company shipped 5.3 million Mac units in the second quarter alone. That number is still markedly down relative to the quarter a year ago, which had 4.8 million Mac shipments total. It's a decline mirrored by the broader market, which experienced a total fall of 13.4% in PC shipments year over year, from 71.1 million units to 61.6 million units, according to IDC.
Organizations: Apple, IDC, Mac Pro, Intel, Lenovo, HP, Dell, Acer
Top 5 Prime Day hard drive and memory card dealsThe best Prime Day SSD dealsWD_BLACK SN770 NVMe Internal Gaming SSD. Deal Seagate Portable 4TB External Hard Drive This portable Seagate hard drive can hold up to 4TB of data, which is enough for thousands of files. Deal Seagate Portable 5TB External Hard Drive This Seagate hard drive lets you store thousands of photos, songs, files, and apps in a portable package. Deal Seagate ST8000NT001 IronWolf Pro 8TB Internal HDD Hard Drive This internal Seagate hard drive is massive and sturdy, perfect for users handling big files. Deal Seagate ST8000DM008 BarraCuda 8TB Internal Hard Drive The BarraCuda is Seagate's flagship internal hard drive brand, and offers massive storage space at fast speeds.
Persons: Price, 4TB, it's, It’s, xD Organizations: Amazon, Lexar, Western Digital, PlayStation, Seagate, Nintendo, Western, Samsung, Price, PRO, Secure Digital Locations: Seagate
The world's largest memory chip and smartphone maker estimated its operating profit fell to 600 billion won ($459 million) in April-June, from 14.1 trillion won a year earlier in a short preliminary earnings statement. It would be Samsung's lowest profit for any quarter since a 590 billion won profit in the first quarter of 2009, according to company data. Shares in Samsung fell 1.4% in early morning trade, underperforming a 0.6% drop in the wider market (.KS11). In the January-March quarter, the company reported a whopping 4.58 trillion won loss in its chip business as memory chip prices fell further and its inventory values were slashed. Revenue in April to June likely fell 22% from the same period a year earlier to 60 trillion won, Samsung said in the statement.
Persons: Chris Helgren, Refinitiv, Greg Roh, 1,307.6700, Joyce Lee, Heekyong Yang, Shri Navaratnam, Sonali Paul Organizations: Samsung Electronics, REUTERS, Samsung Electronics Co, Samsung, Hyundai Motor Securities, Revenue, Thomson Locations: Manhattan, New York City, U.S, SEOUL, KS
It would be Samsung’s lowest profit for any quarter since a 590 billion won profit in the first quarter of 2009, according to company data. Shares in Samsung (SSNLF) fell 1.4% in early morning trade, underperforming a 0.6% drop in the wider market. In the January to March quarter, the company reported a whopping 4.58 trillion won loss in its chip business as memory chip prices fell further and its inventory values were slashed. But in the second quarter, losses in Samsung’s memory chip business likely shrank due to more sales of DRAM chips — used in PCs, mobile phones and servers — analysts said. Revenue in April to June likely fell 22% from the same period a year earlier to 60 trillion won, Samsung said in the statement.
Persons: Refinitiv, , Kang, Greg Roh Organizations: Samsung Electronics, Samsung, Daishin Securities, Hyundai Motor Securities, , Apple Locations: Seoul
From left, Tim Stuart, chief financial officer of Xbox at Microsoft; Phil Spencer, Microsoft's CEO of gaming; and Microsoft finance chief Amy Hood arrive to court in San Francisco on June 29, 2023. Microsoft's finance chief advised employees not to "build a gold toilet" during a 2018 meeting, according to emails that came up during federal court hearings last month over the software maker's planned Activision Blizzard acquisition. The quip might invoke a 2016 social-media claim (proven false by Snopes) that former President Donald Trump owned a solid gold toilet. "I've made that mistake on too many products, and I'm sure everyone else has too, when we've built features before we answered the core questions," Gluckstein wrote. Read the emails from Spencer and Gluckstein regarding Hood's "gold toilet" comments below.
Persons: Tim Stuart, Phil Spencer, Amy Hood, Donald Trump, MC Hammer, Catherine Gluckstein, Gluckstein, Xbox's, I've, we've, Spencer, xCloud, it's Organizations: Xbox, Microsoft, Activision Blizzard, Bluetooth, TAM, Cloud, Google, Federal Trade Commission Locations: San Francisco
Employees today go into the office an average of 1.4 times per week, according to a study from the Advanced Workplace Association. Below are a few considerations to help you support your hybrid workforce with the PC technology they need to succeed. Intel vPro Enterprise for Windows OS allows IT teams remote access even when the device is turned off or the operating system isn't working. University Hospitals Bristol and Weston NHS Foundation Trust, for example, began upgrading to Intel vPro technology in 2020. Learn more about how Intel vPro can help you meet the needs of your hybrid workforce.
Persons: Forrester, weren't Organizations: Advanced Workplace Association, Intel, IT, Employees, Forrester Consulting, Intel vPro Enterprise, Windows, Tech, University Hospitals Bristol, Weston, Foundation Trust, Insider Studios, Intel Corporation Locations: Europe, Israel, Malaysia
SEOUL, July 6 (Reuters) - Samsung Electronics' (005930.KS) June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut. If so, it would be Samsung's lowest profit since the fourth quarter of 2008, when Samsung Electronics reported a consolidated operating loss of about 740 billion won. It compares with an operating profit of 14.1 trillion won in the April-June quarter last year. This is because its chip division, traditionally its biggest earner, likely reported quarterly losses of around 3 trillion to 4 trillion won as memory chip prices fell further and its inventory values were slashed. Despite the current downturn, Samsung is working to increase its share of chip demand from the exploding field of artificial intelligence (AI), such as with high bandwidth memory (HBM) and chip contract manufacturing, they said.
Persons: 1,298.7800, Joyce Lee, Sonali Paul Organizations: Samsung Electronics, Samsung, Apple, Thomson Locations: SEOUL, KS, Seoul
The impulse to expand Microsoft's gaming business on mobile devices at least in part inspired the Activision acquisition. The impulse to expand Microsoft's gaming business on mobile devices at least in part inspired the Activision acquisition. Jim Ryan, CEO of Sony Interactive Entertainment, wasn't happy with a Microsoft-generated list of Activision Blizzard games that would remain accessible on the PlayStation after the acquisition closes. Jim Ryan, CEO of Sony Interactive Entertainment, wasn't happy with a Microsoft-generated list of Activision Blizzard games that would remain accessible on the PlayStation after the acquisition closes. Activision Blizzard and Microsoft have agreed to terminate the deal if it's not done by July 18.
Persons: Satya Nadella, Phil Spencer, Spencer, James Weingarten, Weingarten, Jim Ryan, Sony, Ryan, Amy Hood, Bobby Kotick, Sarah Bond, Kotick, Amazon Weingarten, Bond, Tim Stuart, Nadella, Bernstein, Mark Moerdler, Hood, Stuart, it's, Jacqueline Scott Corley, she'll Organizations: Northern, Northern District of, Microsoft, Activision Blizzard, Federal Trade Commission, FTC, Sony, PlayStation, Mobile, Activision, Xbox, Zynga, Sega Sammy, Nintendo, Enix, Sony Interactive Entertainment, Management, Sony Group, Amazon, Microsoft's Xbox, Bernstein Research, Symantec, Sony PlayStation Locations: U.S, Northern District, Northern District of California, San Francisco, cybersecurity, United Kingdom, FarmVille, Asia, Japan, Tokyo
Jefferies upgrades Carnival to buy from hold Jefferies said it sees a "confluence of positive dynamics" for Carnival. Citi initiates Apple as buy Citi said it sees further upside for the tech giant, slapping a Street-high $240 price target. Citi initiates Dell as buy Citi said the computer maker is gaining share. Goldman Sachs reiterates Nike as buy Goldman Sachs said it's standing by shares of Nike after the company's earnings report Thursday. " Bank of America reiterates T-Mobile as buy Bank of America said the stock is "undervalued."
Persons: TD Cowen, Cowen, Goldman Sachs, Goldman, Jefferies, Snowflake, Virgin, Daiwa, NKE, Stephens, SolarEdge, Riley, Stifel, Davidson Organizations: Citi, Pacific Biosciences, Pacific Bioscience, Jefferies, Deutsche Bank, Apple, Dell, Bank of America, Virgin Galactic, underperform Bank of America, Virgin Galactic's, Italian Air Force, AMD, Intel, Nike, BMO, FirstService Brands, Occidental Petroleum, Mobile, Southwestern Energy Locations: 3Q23, China, Occidental, midstream
There's a buying opportunity in Dell Technologies , and investors should capitalize on it, according to Citi. Analyst Asiya Merchant initiated coverage of Dell with a buy rating, as well as a $60 price target, citing the technology company's leadership in a category that's "poised for recovery." The analyst cited signs of early recovery in commercial PCs even as recovery in storage and compute remains uncertain. DELL 1D mountain Dell shares 1-day Dell shares are higher by 32% this year. However, the analyst's $60 price target implies the stock could rise another 12.9% from Thursday's closing price.
Persons: Asiya Merchant, Merchant, — CNBC's Michael Bloom Organizations: Dell Technologies, Citi, Dell
Anzu helps brands place their ads in video games. The company raised $48 million to build out its executive suite and hire staff. Inserting ads into video games — like as a billboard in a car-racing game — is increasingly enticing to advertisers hoping to message hard-to-find Gen Zers. The company raised a $20 million round last year, bringing its total to $85 million. "After proving the model with mobile games and casual games, we're moving into AAA games," Benedy said.
Persons: Zers, Axel Springer, Itamar Benedy, Anzu, Benedy, we'll Organizations: Emmis Corp, Simon Equity Partners, PayPal, Bandai Namco, AAA, Ubisoft, VR, Apple, Apple Vision Locations: Anzu
Though the 6-Series name might be retired, its legacy lives on in TCL's brand-new Q7 4K TV. It's not perfect, but the Q7 is easily one of the best 4K TVs you can buy for under $1,000. TCL 65-inch Q7 QLED 4K TV TCL’s Q7 is an excellent midrange QLED 4K TV, delivering better picture quality than similarly priced competitors. The Google TV interface is intuitiveThe Google TV interface offers easy access to popular apps and handy integration with other Google services. The TCL Q7 is easily one of the top midrange 4K TVs you can buy this year.
Persons: TCL, Ryan Waniata, It's, you'd, Harry Potter, you've, Roku, You've, Dolby Organizations: LG, Sony, Samsung, ", Google, YouTube, AMD, Dolby, Smart
Buhler says the biggest difference he sees in the AI landscape today is the accessibility of the technology. LLMs, he adds, didn't change "everything under the hood, they changed the interface and the way people can interact with AI." With almost any company able to integrate AI into any application, he invests in startups that use AI as real leverage. In the most recent CNBC Technology Executive Council survey, nearly half of the companies (47%) said that AI is their top priority for tech spending over the next year. In fact, AI budgets are more than double those of cloud computing, the second-biggest spending area at 21%.
Persons: Konstantine Buhler, Buhler Organizations: Microsoft, Engineers, Sequoia Capital, CNBC Technology, CNBC Locations: Brussels, Belgium, San Francisco
CNN —It’s not surprising that Apple’s debut Monday of its $3,499 Vision Pro headset integrating virtual and augmented reality was greeted with mixed reactions, including skepticism, criticism and even lampooning. Each previous incarnation of a headset that immerses the wearer in a virtual world (called virtual reality, or VR) or lets wearers see their surroundings with virtual objects overlaid on them (augmented reality, or AR) started with overhyped expectations only to flame out. I am also doing my doctoral research on the history of virtual and augmented reality (known together as “extended reality”). These apps will be available to Vision Pro users as well. It’ll do anything your Mac or iPhone can do — and more.”And that’s why I believe that over time Apple’s Vision Pro will actually make science fiction scenarios of ubiquitous computing a reality.
Persons: Rizwan Virk, CNN — It’s, Rizwan, Tom Cruise’s, , Mark Zuckerberg’s, Tiago Amorim, Adrees Latif, I’m, Cathy Hackl, Samantha Kelly, I’d, Bob Iger, Tim Cook, CNN’s Kelly, Ivan Sutherland, Apple, , Cook, , you’ll, Tom Cruise Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Twitter, CNN, Meta, Google, Microsoft, HTC, Samsung, Sony, Reuters, Massachusetts Institute of Technology, Apple, VR, Vision, Disney, Facebook Locations: Brazil, Manhattan , New York
But in a statement on April 8 last year, the company said: "Due to recent developments, Acer has decided to suspend its business in Russia." Asked about subsequent exports to Russia via Swiss subsidiary Acer Sales International SA, Acer in Taiwan said in a statement that "we strictly adhere to applicable international regulations and trade laws regarding exports to Russia". Acer did not say why it continued shipping its goods to Russia despite saying it would suspend business there. Reuters was unable to establish where some Acer goods that can still be found on sale in Russia had originated from nor when they had arrived in the country. There were no deliveries of the newly prohibited items by Acer to Russia from Switzerland after that date.
Persons: Dell, Artem Zhavoronkov, Acer, Filipp Lebedev, Gleb Stolyarov, Ben Blanchard, Gabrielle Tétrault, Farber, Mike Collett, White, Kirsten Donovan Organizations: Reuters, Dell, HP, Acer, Russia, European Union, Acer Sales International SA, PC, IDC Russia, Nordic Star, Economy Ministry, Economic Affairs, Russia's Ministry of Industry, Trade, Thomson Locations: Taiwan, Russia, Ukraine, Acer's, Switzerland, Swiss, St . Petersburg, Japan, Bioggio, WhatsApp, Switzerland's, Tbilisi, Taipei, Geneva
Apple has chosen AR/VR as the next big area to pursue with its new Vision Pro glasses. The product, which was shown off during an extensive demo by Apple on Monday, is called Apple Vision Pro (AVP). It represents years of research and the first major Apple product launched without the guiding hand and showmanship of the late Steve Jobs (if one doesn't count the Apple AirPods or Watch as major new products, and I do not.) And the Vision Pro isn't likely to have one either. Apple's Vision Pro can be used for FaceTime conversations AppleWith just their eyes, consumers already have large-screen viewing and playing experiences with 4K monitors on their walls connected to excellent video game consoles.
Persons: Apple, Michael Gartenberg, Steve Jobs, Apple —, it'd Organizations: Apple, Apple Vision Pro, Meta, Microsoft, iTunes Ping, AVP, Mac, Consumers Locations: Patagonia
One is about the possibility that we’re going to have this super intelligent AI that’s capable of great destruction. casey newtonI think that’s right. But it’s just like — I don’t think — I don’t think about to do these things in the moment like Dan. I don’t think that there’s an ethical issue with doing what he wants to do. And yeah, I just think it’s going into an area that’s going to be uncomfortable for the friend.
Persons: kevin roose, casey newton, we’re, ” casey newton I’ve, kevin roose It’s, Kevin Roose, ” casey newton, Casey Newton, clowned, New York Times ’, Kate Conger, Casey, Ajeya Cotra, kevin roose Totally, Sam Altman, Demis Hassabis, Dario Amodei, Elon Musk, Steve Wozniak, They’re, Kevin, Dan Hendricks who’s, , “ I’m, don’t, you’re, I’m, — casey newton, it’s, ChatGPT, casey newton I’m, I’ve, Martinez, Varghese, kevin roose Tyler, , Steven A, Schwartz, , they’re, it’ll, there’s, Mr, Bean, We’ve, James Vincent, It’s, Jensen Huang, Harry Potter, Harry Potter of, kevin roose —, casey newton Parallelelizable, Parallelizable, — casey newton Let’s, that’s, who’s, NVIDIA —, casey newton Well, doesn’t, katie cogner, Kate Conger who’s, katie cogner Hi, katie cogner I’m, Dan, what’s, Getty, casey newton Kate, let’s, John, Here’s John, john, kevin roose That’s, Kate, he’s, He’s, he’ll, casey newton That’s, There’s, we’ve, “ I’ve, ” Kate, cogner, Prince Harry, katie cogner Doesn’t, Harry, casey newton We’re, We’re, kevin roose Kate, they’ve, Joni Mitchell, Chris Vecchio, Chris, kevin roose I’m, You’d, casey newton “, you’ll, casey newton Oh, ” kevin roose Organizations: The New York Times, NVIDIA, New York Times, Safety, Google, AI, ChatGPT, Avianca Airlines, Delta Airlines, China Southern Airlines, KLM Royal Dutch Airlines, Royal Dutch Airlines, , Bar Association, Texas, M University Commerce, Apple, Microsoft, Netflix, Harry Potter of Kentucky Christian, Facebook, eBay, “ New York Times, Boston, Garden, MetLife, TED, AIs Locations: British, Avianca, Durden, ChatGPT, Taiwan, Kentucky, Hogwarts, Harry Potter of Kentucky, California, Madison,
HP Inc. CEO Enrique Lores told CNBC's Jim Cramer on Tuesday that artificial intelligence will fundamentally change the personal computer industry, especially his own company. "We think there is really an opportunity to create a new category of PCs that will drive significant refresh in the category," Lores said. Lores said the company is creating AI-enabled PCs that will allow customers to build spreadsheets and analyze data in record time. "I have been in this industry for many, many years, Jim," Lores told Cramer. "I have never seen an opportunity like this, to really drive innovation and drive new type of customer needs that we really think are going to be fundamental."
Persons: Enrique Lores, CNBC's Jim Cramer, Lores, Jim, Cramer Organizations: HP Inc, HP
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