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☆ Goldman Sachs: 37 non-tech stocks destined to be long-term winners of the AI boom
▼ + stars: | 2024-06-19 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Investors still have an insatiable appetite for AI, as Nvidia is now the world's most valuable firm. Goldman Sachs shared 37 stocks outside of the tech sector that can be AI winners. 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 . This story is available exclusively to Business Insider subscribers.

Persons: Goldman Sachs, —, what's Organizations: Nvidia, Service, Business Locations: Santa Clara

☆ S&P 500 futures are little changed as Wall Street looks for Nvidia to keep leading market
▼ + stars: | 2024-06-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Nvidia stock has climbed 174% in 2024, as the AI boom continues to boost equities. The stock market was closed Wednesday for the Juneteenth holiday. S&P 500 futures were little changed on Wednesday as investors look for the benchmark to add to its latest record high. Nvidia already surpassed Apple by market cap earlier in June, and has cemented its place as the de facto market leader at the helm of the roaring AI theme on Wall Street. "Is it any surprise that we continue to argue that Wall Street (i.e., SP 500) is beating to a different drum than is Main Street (underlying US economy)?"

Persons: Scott Chronert, Thomas Fitzpatrick, O'Brien Organizations: Nvidia, Microsoft, Nasdaq, Apple, Investors, Broadcom, Citi, Associates

☆ Nvidia passes Microsoft in market cap to become most valuable public company
▼ + stars: | 2024-06-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Nvidia , long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world. Shares of the chipmaker climbed 3.2% in mid-day trading on Tuesday, lifting the company's market cap to $3.33 trillion, surpassing Microsoft . Earlier this month, Nvidia hit a $3 trillion market cap for the first time, and passed Apple . Founded in 1991, Nvidia spent its first few decades primarily as a hardware company that sold chips for gamers to run 3D titles. Nvidia is a newcomer to the title of most valuable U.S. company.

Persons: It's, Jensen Organizations: Nvidia, Microsoft, Apple, Forbes, Windows, Dow Jones, Dow Locations: OpenAI, U.S

☆ Nvidia swipes the crown from Microsoft — plus, the fuel for Best Buy's latest move higher
▼ + stars: | 2024-06-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Up next: There's not a whole lot expected to happen on Wall Street over the next 24 hours. 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, Eaton —, There's, we'll, we're, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Apple, Microsoft, Broadcom, Energy, Boeing, UBS, Accenture, Kroger, Olive Garden, Darden, Jim Cramer's Charitable Locations: Wells, Dover, U.S

☆ 10 things to watch in the stock market Tuesday including Nvidia price-target hikes
▼ + stars: | 2024-06-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

JPMorgan boosted its price target on shares of Apple to $245 each from $225 after the firm raised iPhone volume expectations in 2025 and 2026 due to artificial intelligence upgrades. More price-target hikes for Nvidia : Wells Fargo went to $155 a share from $125 at Wells Fargo while Rosenblatt Securities went to $200 from $140. Piper Sandler called the sell-off in Celsius Holdings overdone and reiterated its $90 price target and buy-equivalent rating. Meanwhile, Stifel increased its price target on the memory chipmaker's stock to $165 a share from $145 ahead of earnings June 26. Netflix 's price target raised to $750 a share from $700 by analysts at Loop Capital.

Persons: Wells Fargo, Piper Sandler, Kroger, Lennar, Netflix's, Jim Cramer's, Jim Cramer, Jim, Nvidia Piper Sandler, Merck Micron Lennar Piper Sandler Organizations: JPMorgan, Apple, Nvidia, Rosenblatt Securities, Holdings, BMO Capital, Kroger, Albertsons, Merck, Food and Drug Administration, Investors, Micron, Bank of, Netflix, Loop, NFL, Jim Cramer's Charitable, CNBC, Holdings BMO Capital, Merck Micron Locations: Wells, Bank of America's, Miami, U.S

☆ Stock market today: S&P 500 closes at fresh record high as Nvidia becomes world's biggest company
▼ + stars: | 2024-06-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Nvidia is now the world's most valued company, overtaking Microsoft on Tuesday. 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 . AdvertisementThe S&P 500 hit another fresh record on Tuesday, as a semiconductor rally crowned Nvidia the world's most valued company. May's retail sales data came in below expectations, indicating consumers are pulling back spending.

Persons: —, Jeffrey Roach, Quicy Krosby Organizations: Nvidia, Microsoft, Treasury, Service, Qualcomm, Taiwan Semiconductor, Micron Technology, Financial, Federal, Fed, Here's

☆ JPMorgan raises its EPS estimates for Apple, says stock could rise another 13%
▼ + stars: | 2024-06-18 | 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. "We don't want to be too greedy after a parabolic move," said Jeff Marks, the CNBC Investing Club's director of portfolio analysis. 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, Jeff Marks, We're, Jim Cramer's, MSFT, DOV, Jim Organizations: CNBC, Broadcom, JPMorgan, Apple's Worldwide, Conference, Wall Locations: U.S, Dover

☆ CNBC Pro Talks: Outperforming fund manager reveals how to invest after India's election
▼ + stars: | 2024-06-18 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

On Wednesday's Pro Talks , CNBC's Tanvir Gill will ask Jayaraman how to navigate investing in the country, as well as other emerging markets. The portfolio manager and head of quantitative research at Causeway manages its Emerging Markets Fund and International Opportunities Fund . Join CNBC Pro Talks on Wednesday, June 19, at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m. Learn more from our previous Pro Talks: The market has 'completely missed' this 'critical' AI chip stock, says fund manager Move over Nvidia: Fund manager likes 'overlooked' chipmaker with billions in AI chip sales Will the AI spending boom pay off? One tech fund manager says it looks 'compelling' for some firms Related coverage from Pro: Looking for top alternatives to Nvidia?

Persons: It's, Narendra Modi, Arjun Jayaraman, CNBC's Tanvir Gill, Jayaraman, Tanvir Gill Organizations: India, Causeway, Markets Fund, International, Fund, MSCI, Big, Nvidia Locations: India

Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. The firm is aiming to raise $1 billion, with Cohen himself and Point72 employees expected to contribute, the person added. He has called AI a "really durable theme" for investing, comparing the rise to the technological developments in the 1990s. I think the markets are discounting some of what we … think AI is going to do for companies," the Point72 founder said in a CNBC interview in April. Cohen said his investment firm found a way to save $25 million by using large language models such as ChatGPT to improve efficiency.

Persons: Steve Cohen, Steve Cohen's Point72, Cohen, Point72 Organizations: CNBC, Bloomberg News, Nvidia, Mets

☆ Meta poised for another breakout, according to the charts
▼ + stars: | 2024-06-18 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Meta (META) is about 5% from all-time highs and technically set up for a move to break to a new record. Since then during its 'year of efficiency' free cash flow has been built back to about $11-$13 billion per quarter for a yearly cash flow of about $50 billion. Meta is already making significant progress as its AI-generated content recommendation systems on Instagram Reels has made sharing among users increasingly popular. Analysts are expecting Meta to grow earnings by 14% for the next two years and revenues by about 12%. -Todd Gordon, founder of Inside Edge Capital, LLC DISCLOSURES: (Gordon owns META personally and in his wealth management company Inside Edge Capital Management, LLC Charts.)

Persons: we've, Todd Gordon, Gordon Organizations: Inside Edge, Reality Labs, Meta, Nvidia, Apple, Alpha, Inside Edge Capital Management

☆ Nvidia surpasses Microsoft to become the largest public company in the US
▼ + stars: | 2024-06-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Nvidia, Wall Street’s artificial intelligence poster child, is now the most valuable company in the United States. Apple is the third most valuable company in the US with a $3.27 trillion market cap. Nvidia earlier this month joined the tech giants in becoming the only US companies to cross a $3 trillion market cap. Nvidia’s chips are unmatched in producing processors that power artificial intelligence systems, including for generative AI, the technology backing OpenAI’s ChatGPT that can create text, images and other media. The Jensen Huang-led company’s dethroning of Microsoft comes as Wall Street’s most prominent tech companies battle for the coveted top spot.

Persons: OpenAI’s, Jensen Huang, company’s Organizations: New, New York CNN, Nvidia, Microsoft, Apple, Developers Locations: New York, United States

☆ Forget Nvidia: Wealth manager for the ultra-rich names 3 global stocks to buy instead
▼ + stars: | 2024-06-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Shares in Adobe jumped by 17% after its results announcement last week, and are up around 7% in the last 12 months. "The market is not seeing much potential in Adobe because Nvidia is making all these big future predictions and markets love that. HDFC Bank In India, the wealth manager is betting on financial firm HDFC , as the country — and the bank itself — prepares for growth. When asked how HDFC compares with competitors like ICICI Bank , Sengupta responded that the former's management is "very stable with consistent leadership and that puts them in good standing." Shares in the bank are up by just over 1% in the last 12 months, but are showing signs of picking up.

Persons: Dhruba Jyoti Sengupta, Sengupta, Davidson, Harley Davidson, HDFC Organizations: Nvidia, CNBC Pro, Wrise, Adobe, Harley, HDFC Bank, India, ICICI Bank, National Stock Exchange, U.S, India Financials Locations: Asia, East, Europe, Dubai, India, FactSet

☆ Stocks making the biggest moves premarket: Best Buy, Toll Brothers, Autodesk and more
▼ + stars: | 2024-06-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell: Toll Brothers — The homebuilder gained 1.3% after Goldman Sachs upgraded it to neutral from sell. Best Buy — Shares rose more than 3% following a UBS upgrade to buy from neutral. Autodesk — The software company added 4% on news that activist fund Starboard Value has taken a $500 million stake in the company. Shattuck Labs — The biotechnology stock slipped 1% following a BTIG downgrade to neutral from buy. Goldman Sachs downgraded shares to sell from neutral, citing macroeconomic and competitive pressures.

Persons: Goldman Sachs, Goldman, BTIG, —, Alex Harring, Sarah Min, Scott Schnipper Organizations: UBS, Autodesk, AMC Networks, Labs, Louisiana - Pacific Corporation, Broadcom Locations: Louisiana

☆ Hardware is Wall Street's new favorite bet
▼ + stars: | 2024-06-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the Apple-Google partnership that shows why hardware has become Wall Street's new favorite bet . The big storyHardware is hotGetty Images; Chelsea Jia Feng/BISoftware may still eat the world, but only with the help of some serious hardware. But generative AI has put a considerable spotlight on a less sexy part of tech: hardware. That's playing out in the stock market, where hardware tech stocks have outperformed software tech stocks by 30 percentage points this year , writes BI's Matthew Fox.

Persons: —, Chelsea Jia Feng, Marc Andreessen's, Hugh Langley, That's, BI's Matthew Fox, it's, Steve Schwarzman, Jon Gray, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Dan Sundheim, Chris Tuite, Trump, Elon Musk, hasn't, Jimmy Simpson, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Elon, Apple, Business, Apple Intelligence, OpenAI, Google, Microsoft, Amazon, Oracle, Street, Nvidia, Broadcom, Blackstone, Merrill, D1 Capital, YouTube, Netflix, BI, Cannes Lions, advertising's Locations: That's, New York, London

☆ Broadcom should replace Tesla in the 'Magnificent 7,' says Interactive Brokers' Sosnick
▼ + stars: | 2024-06-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Broadcom's rise in 2024 is cause for the chipmaker to replace Tesla in the "Magnificent Seven," according to Interactive Brokers Chief Strategist Steve Sosnick. "Broadcom captures the whole zeitgeist of the moment right now," Sosnick told CNBC's " Squawk on the Street " on Monday. "It's an AI stock much more so. Even though Tesla might be one in the future, Broadcom is one now." AVGO TSLA YTD mountain Broadcom and Tesla stock year to date Sosnick's comments come as Tesla struggles in 2024.

Persons: Steve Sosnick, Sosnick, CNBC's, Tesla, FOMO, Hock Tan Organizations: Tesla, Interactive Brokers, Broadcom, Technology, Nasdaq

☆ Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more
▼ + stars: | 2024-06-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock's 1-for-20 reverse stock split took effect. The company also announced that Brenda Morris, who served as interim CEO, will remain on its board of directors. Autodesk — Shares gained more than 6% following activist fund Starboard Value taking a $500 million stake in the software company. The company beat earnings and revenue estimates for the second fiscal quarter last week, and it announced a 10-for-1 stock split. Chipotle — The restaurant chain's stock rose nearly 3% ahead of the company's 50-for-1 stock split , which is how it will begin trading at the market open on June 26.

Persons: Mark King, Brenda Morris, BTIG, Goldman Sachs, Corning, Fox, Chipotle, —, Alex Harring, Yun Li Organizations: Virgin Galactic, AMC Networks, Autodesk —, Broadcom, Shattuck Labs, Louisiana - Pacific, TDK, Apple, UBS, Fox Advisors Locations: Louisiana

☆ Apple is now overbought after rallying to record highs this week. Here are other names due for a pullback
▼ + stars: | 2024-06-14 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

It's also the second-most overbought stock on Wall Street this week based on its 14-day relative strength index, or RSI. CNBC Pro used its stock screener tool to search for the most overbought and oversold stocks. Names with a 14-day RSI exceeding 70 are considered overbought, which suggests that shares may soon slide. Other overbought stocks this week include Nvidia , Hewlett Packard Enterprise and T.J. Maxx . Among oversold stocks, aerospace and defense firm Northrop Grumman topped the list this week with a 14-day RSI of about 17.

Persons: It's, Siri, chipmaker, LSEG, Northrop Grumman, Northrop, Tyson Organizations: Apple, Developers, RSI, CNBC Pro, Nasdaq, Dow Jones, Nvidia, Hewlett Packard Enterprise, Broadcom, Wall, Bank of America, Microsoft, Tyson Foods

☆ Jim Cramer says it's time to take some profits in AI stocks
▼ + stars: | 2024-06-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

After a big week for stocks related to artificial intelligence, CNBC's Jim Cramer told investors it may be time to ring the register for many of these companies that have seen massive gains. "Remember, this remarkable, albeit limited, narrow, year — you don't want to spoil it by refusing to ring the register on every one of your stocks that may be AI." Cramer reviewed the significant surges in the AI sector this week, starting with Apple's record-breaking run after the company announced new AI programming that could boost iPhone sales. "We know we've been feeling a little greedy, and it's quite unbecoming — when you have big gains, you need to take something off the table," Cramer said. "I am still a true believer in Nvidia, but I don't want to be oblivious to the scale of this massive run."

Persons: CNBC's Jim Cramer, Cramer, avarice, Larry Williams Organizations: Oracle, Microsoft, Broadcom, Adobe, Nvidia, CNBC's

☆ Friday's trading could trigger a $10 billion rush of demand for Nvidia shares. Here's how
▼ + stars: | 2024-06-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

At stake is one of the top two spots in the Technology Select Sector SPDR Fund (XLK) , whose June rebalance is based on market cap values as of Friday's close. The market caps of Microsoft, Apple and Nvidia were all within $100 billion of each other as of Thursday's close, according to a FactSet calculation. This type of big shift in an index fund is unusual, but not unprecedented. The fund tracks an index from S & P Dow Jones Indices that uses weighting caps to keep the index in bounds. Depending on how many shares of Nvidia are required, it might cause a short-term spike in the name," Bajaj said.

Persons: Dow, Dow Jones, Matthew Bartolini, Bartolini, Mohit Bajaj, SPDR, Bajaj, Todd Sohn, — CNBC's Michael Bloom Organizations: Nvidia, Technology, Apple, Microsoft, Dow Jones, Dow Jones Indices, UBS, SPDR, Amazon, Trading, WallachBeth, Bajaj, Street Global Advisors, NYSE Technology Locations: U.S, SPDR Americas, rebalancing

☆ CNBC Daily Open: Mega money Musk
▼ + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange in New York City, U.S., July 12, 2023. 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. The yield on the 10-year Treasury slipped after the producer price index unexpectedly fell. Reasonable debtJanet Yellen, U.S. Treasury Secretary, said the ballooning national debt that's currently at $34.7 trillion is manageable.

Persons: Elon, Judge Kathaleen McCormick, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Dow Jones, Donald Trump, Tim Cook, Jamie Dimon, BofA Organizations: New York Stock Exchange, CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, Trump, Business, Capitol, Apple, JPMorgan Chase, Chipmaker Broadcom, Bank of America Locations: New York City, U.S, Delaware, Washington

☆ CNBC Daily Open: Mega money Musk, Kitty's stake grows
▼ + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 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. Chipmaker Broadcom soared after it delivered better-than-expected second-quarter earnings and announced a 10-for-1 stock split. Mainland China's CSI 300 index fell 0.4%, while South Korea's Kospi rose 0.3%. Broadcom's shares soared 13% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.

Persons: Elon, Musk, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Kitty, Keith Gill, Gill, Australia's, BofA Organizations: CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, GameStop, Trade, Nikkei, Bank of Japan's, U.S, China's CSI, Chipmaker Broadcom, Bank of America Locations: U.S, Delaware, Japan, South

☆ Here's why Danaher shares fell 4% on Thursday — a week after hitting record highs
▼ + stars: | 2024-06-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks little changed: Markets were mixed to lower Thursday following a rally to new record highs Wednesday. 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, Danaher, Tony Hunt, Repligen, Stifel, we'll, Jim Cramer's, Jim, Andrew Kelly Organizations: CNBC, Treasury, Broadcom, Jim Cramer's Charitable, New York Stock Exchange Locations: financials, Michigan, New York City, U.S

☆ Broadcom is the next stock that could enter the trillion-dollar club, according to Bank of America
▼ + stars: | 2024-06-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Broadcom could be the next stock to reach a trillion-dollar market cap, Bank of America said. AdvertisementChip maker Broadcom looks like a contender to be the next member of the stock market's trillion-dollar club, Bank of America said Thursday. Bank of America thinks Broadcom has even greater potential even after its big quarterly report. Upside drivers will be semiconductor sales and Broadcom's VMWare, a software firm it acquired last year. AdvertisementIf Bank of America's price target pans out, that would place Broadcom among an exclusive group of stocks with trillion-dollar market capitalization.

Persons: BofA, — Organizations: Broadcom, Bank of America, Service, VMware, VMWare, Nvidia, Microsoft, Apple

☆ Stocks making the biggest moves midday: Broadcom, Signet, Dave & Buster's and more
▼ + stars: | 2024-06-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts polled by LSEG expected earnings of $10.84 per share and revenue of $12.03 billion. Signet Jewelers – Shares plummeted more than 13% on the heels of the company reporting mixed earnings results for the first quarter. Analysts polled by FactSet had expected earnings of 85 cents per share and revenue of $1.52 billion. The company reported revenue of $588 million, which is below the $621 million analysts had expected, per LSEG. Analysts had expected earnings of $2.68 per share and revenue of $404.8 million, according to FactSet.

Persons: LSEG, Signet, FactSet, Buster's, Tommy Bahama, Clark, Elon Musk, Oppenheimer, Ulta, Generac, Janney Montgomery Scott, Sean Milligan, Alex Harring, Michelle Fox, Sarah Min, Darla Mercado Organizations: Broadcom –, Computer, Arista Networks, Nvidia, Signet, Company, Galactic, Oxford Industries, Bank of America, Ford, Barclays, Paramount, Amusements, Paramount Global, Warner Bros, –, Liberty Global Locations: Texas

☆ Cramer says the market can't broaden out due to uncertainty away from tech
▼ + stars: | 2024-06-13 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday said it's no secret that the market rally has been driven by a handful of tech stocks, and it's not likely to change anytime soon. Cramer said companies like Nvidia , Apple , Microsoft , Alphabet , Amazon , Oracle and now Broadcom have been integral to the rally. But while tech stocks have been shining, Cramer said other sectors can't quite say the same. For instance, Cramer pointed to the banks, which often serve as a bellwether for the market. It's hard to know where the market would be without the tech sector, he added.

Persons: CNBC's Jim Cramer, it's, Cramer, It's, Huntington, Hunt Organizations: Nvidia, Apple, Microsoft, Oracle, Broadcom, Federal Reserve, Trucking, Norfolk, Norfolk Southern and Union Pacific, Molson Coors, Kraft Heinz, PepsiCo Locations: Norfolk Southern

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