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☆ Biden hosts fundraiser with his two-term Democratic presidential predecessors, striving to join their ranks
▼ + stars: | 2024-03-28 | by ( Michael Williams | Mj Lee | ) edition.cnn.com time to read: +4 min

Washington CNN —President Joe Biden on Thursday will join Barack Obama and Bill Clinton, the only living two-term Democratic presidents, aiming to use their star power to woo big-pocketed donors as Biden tries to join their ranks. The fundraiser is being held off-camera, though pool reporters will be able to report on the three presidents’ remarks. The Biden campaign said ahead of the fundraiser it had raised more than $25 million – making it the most successful single political fundraiser ever in terms of dollars raised. The fundraiser on Thursday is expected to be just the beginning of Obama’s involvement in Biden’s campaign. He is expected to take a larger role in Biden’s campaign – including traveling to college campuses and crucial battleground stakes – closer to November.

Persons: Joe Biden, Barack Obama, Bill Clinton, Biden, Clinton, Stephen Colbert, Annie Leibovitz, Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo, Lea Michele, ’, Jimmy Carter, Donald Trump, Trump, Jonathan Diller, Diller, ” Trump, “, ”, Julie Chávez Rodriguez, Obama, who’ve, Jeff Zeleny, Donald Judd, Brian Rokus, Kristen Holmes, Fredreka Schouten Organizations: Washington CNN, Obama, Radio City Music Hall, Biden, CNN, Hamas Locations: New York, America, Queens, Midtown Manhattan, Israel, Gaza, North Carolina

☆ Jim Cramer's week ahead: Nonfarm payroll data and Disney's proxy fight comes to a head
▼ + stars: | 2024-03-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday guided investors through next week's Wall Street action, saying to pay attention to new nonfarm payroll data and Walt Disney's annual shareholder meeting, where its long and arduous proxy fight will come to a head. "Keep an eye on the employment report, because everything else that's coming next week pales in comparison — even the no-holds-barred Disney proxy fight." On Monday, Cramer expects decent earnings from PVH , an apparel maker known for brands including Calvin Klein and Tommy Hilfiger. Walt Disney 's annual shareholder meeting will take place on Wednesday, bringing an end to the company's monthslong bitter proxy fight with activist investor Nelson Peltz. On Friday, the U.S. Department of Labor will release the nonfarm payroll report, and Cramer said he's expecting strong figures.

Persons: CNBC's Jim Cramer, we'll, Cramer, Calvin Klein, Tommy Hilfiger, he's, Walt Disney, Nelson Peltz, Levi Strauss, Conagra, Slim Jims, Orville Redenbacher's, Boyardee, haven't Organizations: Walt, Disney, Enterprise Products Partners, U.S . Department of Labor Locations: Paychex

☆ The Baltimore bridge disaster is just the latest knock to global shipping and trade
▼ + stars: | 2024-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Over the past few years, supply chain woes have repeatedly come into the spotlight. Since then, global integrated supply chain systems just seem to keep getting disrupted — be it by the COVID-19 pandemic or Russia's war in Ukraine. The domino effect is due to the "just in time" model that supply chains have been relying on for decades. Here are three key reasons why supply chains just seem to keep screwing up in recent years. Examining ongoing conflicts in the Black Sea and Red Sea respectively shows how geopolitical conflicts affect global supply chains.

Persons: —, they've, Donald Trump, Dali, Francis Scott Key, Project44, Nari Viswanathan, Viswanathan, tailspin, Julie Gerdeman, Trump, Rahul Khanna, Geoff Weiss, Allan Post, Justus Heinrich, Khanna Organizations: Service, Business, Maersk, BI, Shipping, Allianz, Allianz Commercial, Technologies Locations: China, Ukraine, Baltimore, The Port, of Baltimore, Europe, Asia, Iran, Israel, Suez, Good, Africa, Panama, El, Egypt

☆ Norfolk Southern CEO says activist investor's responses to settlement are 'unreasonable'
▼ + stars: | 2024-03-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Norfolk Southern CEO Alan Shaw denounced Ancora Holdings, the activist investor currently engaged in a proxy fight with the railroad company's board, during an interview with CNBC's Jim Cramer on Wednesday. "We've gone to the activist, and we've offered a settlement — their responses have been unreasonable at the determination of our board," he said. Norfolk Southern faced criticism over the past year after one of its freight trains derailed in East Palestine, Ohio in February 2023 and released toxic chemicals into the soil, water and air. Based in Cleveland, Ohio, 90 minutes from East Palestine, Ancora challenged Norfolk Southern in February, aiming to add eight directors to the board and oust Shaw as CEO. "We enhanced safety, we're making it right in East Palestine," Shaw said.

Persons: Alan Shaw, Ancora, CNBC's Jim Cramer, We've, we've, Shaw, he's Organizations: Norfolk Southern, Ancora Holdings, Norfolk, Regulators Locations: East Palestine , Ohio, Cleveland , Ohio, East Palestine, Norfolk

☆ Jim Cramer says investors should welcome an impending pullback, not fear it
▼ + stars: | 2024-03-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday celebrated results from CNBC's most recent Delivering Alpha Stock Survey, in which a majority of investors predicted the market had run too high and that a pullback is on the horizon. He told investors to welcome a decline and to raise some cash to buy quality stocks at lower prices. "I think people are right to expect a pullback here," Cramer said. While it's wise to raise some cash to prepare for a pullback, Cramer also suggested riding out some of the turbulence. When investors are always trying to avoid the next pullback, they may end up missing the next rally, he said.

Persons: CNBC's Jim Cramer, Cramer, he's Organizations: Alpha Stock Survey, Nvidia

☆ Cramer's Lightning Round: 'I can't recommend' Archer Aviation
▼ + stars: | 2024-03-27 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Archer Aviation's year-to-date stock performance. Archer Aviation : "I can't recommend that stock because it just has no earnings power...There's so many good stocks right now, we don't need that." Stock Chart Icon Stock chart icon Robinhood's year-to-date stock performance. Stock Chart Icon Stock chart icon Cummins' year-to-date stock performance. Stock Chart Icon Stock chart icon Crown Castle's year-to-date stock performance.

Persons: Archer Aviation's, Cummins Organizations: Archer Aviation, Greyhound, Cummins

Marilyn Lands, a Democrat, won a special election Tuesday for a State House seat in Alabama after campaigning on access to abortion and in vitro fertilization, underscoring the continued political potency of reproductive rights. Ms. Lands defeated her Republican opponent, Teddy Powell, by about 25 percentage points — an extraordinary margin in a swing district where she lost by seven points in 2022. The special election was called when David Cole, the Republican who had held the seat, resigned and pleaded guilty to voter fraud. “Today, Alabama women and families sent a clear message that will be heard in Montgomery and across the nation,” Ms. Lands, a licensed counselor, said Tuesday night. And last month, the Alabama Supreme Court ruled that frozen embryos were people with rights — upending I.V.F.

Persons: Marilyn Lands, Teddy Powell, David Cole, ”, Roe, Wade, — upending, Kay Ivey, Powell, Heather Williams, ” Ms, Williams, Biden’s, Donald J, Trump, Mr, Julie Chavez Rodriguez Organizations: Democrat, House, Lands, Republican, Republicans, Alabama Legislature, Democratic Legislative, Committee, “ Locations: Alabama, Montgomery, “

☆ Cramer's Lightning Round: Huntington Ingalls is a winner
▼ + stars: | 2024-03-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon State Street's year-to-date stock performance. Stock Chart Icon Stock chart icon Visa's year-to-date stock performance. Stock Chart Icon Stock chart icon Huntington Ingalls' year-to-date stock performance. Stock Chart Icon Stock chart icon Chart Industries' year-to-date stock performance. Stock Chart Icon Stock chart icon AECOM's year-to-date stock performance.

Persons: Morgan Stanley, Huntington Ingalls, I've, It's, We're, Jim Cramer's Organizations: Visa, Industries Locations: Wells Fargo

☆ BlackRock's Larry Fink says young people have a lot going for them, but retirement crisis looms
▼ + stars: | 2024-03-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In an interview with CNBC's Jim Cramer, BlackRock CEO Larry Fink expressed optimism about the next generation despite a looming retirement crisis. "I am bullish on these young people," Fink said. But Fink stressed the seriousness of the retirement crisis, echoing sentiments he wrote about in his annual letter to BlackRock shareholders. "No other force can lift more people from poverty or improve quality of life quite like capitalism," Fink wrote in his letter. Fink said investing is an essential part of helping people save enough money to live well when they stop working.

Persons: CNBC's Jim Cramer, Larry Fink, " Fink, Fink Organizations: BlackRock Locations: U.S

☆ Why Nora Turato is taking on the wellness industry
▼ + stars: | 2024-03-26 | by ( Victoria Woodcock | ) edition.cnn.com time to read: +6 min

stop lying!” — a solo show at Sprüth Magers’ Los Angeles gallery, and a riposte to the wellness industry. Robert Wedemeyer/Courtesy Sprüth MagersAt the latter in 2022, she performed her one-woman “pool 5” monologue live more than 20 times over a two-week period. Born in Zagreb, Turato refers to her home country as “very in-between — not really eastern Europe; not really west,” she said. Robert Wedemeyer/Courtesy Sprüth MagersFor Sprüth Magers co-founder Philomene Magers, “Nora’s work puts people in front of a mirror,” she said. Tellingly, Turato’s self-optimization journey has ended in digital detox.

Persons: Nora Turato, “, ”, Zoom, Robert Wedemeyer, Barbara Kruger, —, Magers, Philomene Magers, it’s, haha, Turato, Julie Adams, It’s, — “, You’ve, “ I’ve Organizations: CNN, YouTube, Museum of Modern Art, Hollywood, Systems, “ Locations: Croatian, Los Angeles, Amsterdam, New York, Zagreb, Croatia, Arnhem, Netherlands, Turato, Europe, ”, LA

☆ Cramer says the market is broadening beyond the mega caps, reviews the S&P 500's hottest stocks
▼ + stars: | 2024-03-26 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer on Tuesday told investors the market has breadth, with many winners other than the tech mega caps. He reviewed the top dozen stocks in the S&P 500 year to date, saying there are companies from a variety of sectors seeing huge gains. "When you look at all of the groups that are winning here, how can you not like this market?" Cramer asked. "And like it much more, more importantly, if it goes lower, which at this moment would be very much a gift so you can do some buying at better prices."

Persons: CNBC's Jim Cramer, Cramer

☆ Cramer's Lighting Round: Becton Dickinson is a buy
▼ + stars: | 2024-03-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Energy Transfer's year-to-date stock performance. Stock Chart Icon Stock chart icon KKR's year-to-date stock performance. Stock Chart Icon Stock chart icon Becton Dickinson's year-to-date stock performance. Stock Chart Icon Stock chart icon Samsara's year-to-date stock performance. Stock Chart Icon Stock chart icon E.l.f.

Persons: Stock's, Becton, Becton Dickinson, it's, Wes Edens, let's Organizations: Energy, KKR, Rio, Tinto, New Fortress Energy, California Resources, Constellation Energy Locations: California, Beauty's

☆ Jim Cramer says newly public Astera Labs is already too expensive
▼ + stars: | 2024-03-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer gave investors his take on the valuation of Astera Labs , a company that went public last week and sells data center connectivity chips to cloud and artificial intelligence outfits. To Cramer, the stock debuted too hot and is more expensive than it should be at this point. "While Astera Labs has a good story — and it is good, I think it'd be worth owning at some price — I think it's way too expensive at this price," he said. Last week, Wall Street was buzzing about Reddit 's long-awaited initial public offering, but Cramer found Astera Labs to be intriguing. However, Cramer said he felt positive about some aspects of the business, saying if Astera Labs can keep putting up sales growth, it's headed in the right direction.

Persons: CNBC's Jim Cramer, Cramer, it's, Astera Organizations: Astera Labs, Broadcom, Labs

☆ Cramer says Washington's antitrust fights against Big Tech don't hold weight
▼ + stars: | 2024-03-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday told investors he thinks the government's antitrust lawsuits against prominent names in Big Tech — Apple , Alphabet 's Google and Amazon — aren't justified. "Honestly, I wish the White House would just admit the truth: They want to make the biggest businesses less powerful," he said. The DOJ also alleged Apple has a "smartphone monopoly" that makes it difficult and pricey for consumers and developers to venture outside the Apple ecosystem. If they annihilate Google, I guess we'll take our queries to Claude 3," Cramer said. "And if they get [Apple CEO] Tim Cook, maybe for the first time, someone will want a Nokia smartphone."

Persons: CNBC's Jim Cramer, Alphabet's, Apple, Cramer, Claude, Tim Cook Organizations: Big Tech, Federal, Amazon, The, Justice, Alphabet's Google, DOJ, Google, Apple, Nokia, FTC

☆ ‘Problemista’ actor Laith Nakli plays an immigration lawyer. In real life he’s fighting his own case
▼ + stars: | 2024-03-23 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +17 min

Khalil, played by Laith Nakli, perks up and races to scribble on his notepad. And as he helps promote the film, he’s speaking out about a side of himself that few people have seen. Laith Nakli, actorThe crime could have led to his deportation. … That pressure is just completely unfair.”Actor Laith Nakli plays an earnest immigration lawyer in "Problemista." The cloud Nakli feels every day wasn’t literally depicted on-screen, but Nakli says he saw it clearly hovering over Alejandro’s every move.

Persons: CNN —, ”, tepidly, “, Julio Torres, Khalil, Torres ’ Alejandro, Alejandro, ” Alejandro, Laith Nakli, ” Khalil, Elizabeth Asencio, Tilda Swinton, Elizabeth, Jon, Torres, it’s, “ I’ve, I’ve, “ Problemista’s, Nakli, It’s, who’d, Mr, Nasim Awad, ” Nakli, he’d, Marvel, Obama, hasn’t, That’s, He’s, he’s, you’d, ” Torres, Critics, haven’t, Larry Owens, toymaker Alejandro's, Isabella Rosselini, Ramy Youssef, Nakli’s, Laith, ” Youssef, “ He’s, Uncle Naseem, Ramy Youseff, Craig Blankenhorn, who’s, Julie In, Hayley Wilson Organizations: CNN, Khalil Immigration, SNL, Customs, Craigslist, Justice, Globe, Service Locations: United States, Salvadoran, El Salvador, “, New York, Damascus, Syria, King Kong, Texas, —, Hulu, America, “ Problemista

☆ Consulting firms are cutting projections and tightening their belts as demand for their work slows
▼ + stars: | 2024-03-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Major consulting firms are seeing demand for their services slow. AdvertisementAccenture said in its quarterly report that consulting revenue for the second fiscal quarter, which ended on February 29, fell about 3% compared to 2023. Major consulting firms across the board are facing waning demand from clients. Some consulting firms are surviving the slowdown by reorganizing. AdvertisementDespite all the doom and gloom , one bright spot for consulting firms is the promise of AI.

Persons: —, Julie Sweet, Joe Ucuzoglu Organizations: Consulting, Accenture, Deloitte, Service, Financial

☆ Jim Cramer's week ahead: new consumer data and earnings from Walgreens
▼ + stars: | 2024-03-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, saying to watch out for earnings from Walgreens as well as new data about consumer spending. The company could prove to be a significant windfall for Trump, Cramer said, who is facing hefty legal bills. Tuesday brings earnings from GameStop , and Cramer said he's expecting poor results. Cintas and Carnival report on Wednesday, and Cramer said he's optimistic about the former, but called the latter "a wild card." Cramer said he would like to hear Wentworth explain how he plans to return Walgreens to growth.

Persons: CNBC's Jim Cramer, Cramer, Donald Trump —, he's, McCormick, — Hormel, Mills —, Kimberly, Clark, Tim Wentworth, Wentworth Organizations: Walgreens, Trump Media, Corp, Trump, GameStop, Walgreens Boots Alliance, Federal Reserve

☆ Block CFO says Cash App products are popular with Gen Z and younger consumers
▼ + stars: | 2024-03-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Block CFO Amrita Ahuja on Friday told CNBC's Jim Cramer that the company's Cash App payment services are doing well with the younger generation of consumers. The Cash App card, a free Visa debit card, is especially popular with young people, Ahuja said. She explained how Cash App is able to reach the younger generation, citing a families program that allows adults to sponsor accounts for teenagers. Cash App, which brought in a large chunk of the company's revenue last quarter, has a variety of payment offerings and also lets users buy stocks and bitcoin. Ahuja discussed integrating Afterpay services within Cash App, saying it's "an incredible opportunity to bring commerce into Cash App."

Persons: Amrita Ahuja, CNBC's Jim Cramer, Ahuja, Block, Jim Organizations: Cash

☆ Cramer's Lighting Round: Arm is a buy
▼ + stars: | 2024-03-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Raymond James Financial's year-to-date stock performance. Stock Chart Icon Stock chart icon Arm's year-to-date stock performance. Arm : "I like Arm very much [buy, buy, buy!]." Stock Chart Icon Stock chart icon Unity Software's year-to-date stock performance. Stock Chart Icon Stock chart icon Teva's year-to-date stock performance.

Persons: Raymond James Financial's, Raymond James Financial, it's, let's, Jim Whitehurst, Whitehurst, I've, Comstock, Electric's, I'm, Lilly, SoundHound, Jim Cramer's Organizations: JPMorgan, Unity Software, Comstock Resources, General, Novo, Novo Nordisk Locations: Teva

US Speaker of the House Mike Johnson, Republican of Louisiana, waits to speak during a news conference after a closed-door House Republican caucus meeting on Capitol Hill in Washington, DC on February 29, 2024. It was not immediately clear how the House would act on her motion, which requires just a majority vote to remove the speaker. Greene told reporters that the motion to vacate was more of a warning shot and that she had not discussed it with President Donald Trump. Rep. Marjorie Taylor Greene, R-Ga., speaks to the media on the House steps of the U.S. Capitol after filing her motion to vacate Speaker of the House Mike Johnson, R-La., on Friday, March 22, 2024. U.S. Rep. Matt Gaetz (R-FL) leaves a closed-door House Republican meeting at the U.S. Capitol on October 20, 2023 in Washington, DC.

Persons: Mike Johnson, Drew Angerer, Marjorie Taylor Greene, Johnson, Kevin McCarthy, Greene, Donald Trump ., Bill Clark, Raj Shah, Trump's, Robert F, Kennedy Jr, Matt Gaetz, McCarthy, Gaetz, We'd, we've, Hakeem Jeffries Organizations: Republican, Capitol, AFP, Getty, NBC News, Donald Trump . Rep, U.S, CQ, Inc, NBC News House, Democrat, U.S . Rep Locations: Louisiana, Washington , DC, Washington ,

☆ The Egg Dish You Need to Make Right Now
▼ + stars: | 2024-03-20 | by ( Melissa Clark | More About Melissa Clark | ) www.nytimes.com time to read: +1 min

As I pulled out the spice tins, their combination reminded me of Julie Sahni’s ande ki kari (egg curry), which I adapted for this column a few years ago. There are myriad versions of egg curry across India, just as there are endless variations on eggs in purgatory and shakshuka. So, for my dinner on that cold and hectic night, I cherry-picked elements of each egg dish to suit myself. One note about those canned tomatoes: Although any kind will work, canned cherry tomatoes are my favorite here, giving the dish a particularly sweet flavor and chunky texture. Or, if you’re making this in tomato season, substitute chopped fresh tomatoes, making sure to cook them a few minutes longer so they break down.

Persons: Julie Sahni’s ande ki Locations: India

☆ Biden seeks to reinvigorate diverse coalition in critical 2024 campaign swing out West
▼ + stars: | 2024-03-19 | by ( Betsy Klein | Arlette Saenz | ) edition.cnn.com time to read: +7 min

He’ll also use the trip to highlight early organizing efforts in these two states that the campaign believes will be “core” to electoral victory. Biden will launch the campaign’s “Latinos con Biden-Harris” organizing initiative when he visits South Phoenix, Arizona, Tuesday evening, campaign officials said. And the vast majority of Arizonans support abortion access, as well,” Dan Kanninen, the Biden campaign’s battleground states director, said. Biden’s western swingAt a first stop in the Reno, Nevada, area, Biden will meet with local leaders and campaign volunteers in Washoe County. To that end, Biden has proposed $258 billion in housing investments in the budget he submitted to Congress earlier this month.

Persons: Joe Biden, Donald Trump, He’ll, Biden, Harris ”, “, Dan Kanninen, Trump’s, ” Kanninen, Kanninen, MAGA, ” Julie Chavez Rodriguez, Kamala Harris, Chavez, ” Biden, White, ”, Gene Sperling, Harris Organizations: Las Vegas CNN, Democratic, Biden, Fox, Trump, Republican Party, Republicans, GOP, Union, Democrats ’, Las Vegas, Income Housing Coalition Locations: Nevada, Arizona, South Phoenix , Arizona, Georgia , Michigan, Pennsylvania, Wisconsin, New Hampshire, North Carolina, Reno , Nevada, Washoe County, Las, president’s State, Phoenix, Mexican, America, Dallas, Houston , Texas

The other five funding bills were effectively settled by the end of last week, with only the Homeland Security bill presenting deep divisions Republicans and Democrats were unable to settle. The deal is being negotiated by Johnson, Senate Majority Leader Chuck Schumer, D-N.Y., the White House and top appropriators in both chambers. Republicans rejected additional funding for ICE in a bipartisan border deal agreed to by senators and the White House, demanding additional policy changes. But they, too, have demands in the funding bill. The White House has also sought increased flexibility to aid border operations, sources with knowledge of the discussion said.

Persons: Mike Johnson, he'll, Johnson, Chuck Schumer, Bob Good, Chip Roy, Joe Biden's, they're Organizations: WASHINGTON, Congressional, Department of Homeland Security, State , Defense, Homeland Security, Labor, Health, Human Services, Republicans, Democrats, DHS, White, Congress, Immigration, Customs, ICE Locations: Texas

☆ Foundation cancels RBG award ceremony that would have honored Musk, Murdoch after family’s outcry
▼ + stars: | 2024-03-18 | by ( Tierney Sneed | ) edition.cnn.com time to read: +2 min

CNN —The foundation that selected SpaceX CEO Elon Musk, conservative media mogul Rupert Murdoch and other honorees as recipients of an award named after Ruth Bader Ginsburg announced Monday it is canceling its award ceremony after receiving pushback from the late justice’s family. The slate of this year’s honorees for the foundation’s “RBG Leadership” award, formerly the “Ruth Bader Ginsburg Women in Leadership” award, was announced last week and also included lifestyle icon Martha Stewart, actor Sylvester Stallone and financier Michael Milken. Ruth Bader Ginsburg, a longtime liberal member of the high court who died at age 87 in 2020, consistently delivered progressive votes on major social issues, including abortion rights, same-sex marriage and immigration. It is not interested in generating a debate about whether particular honorees are worthy or not,” she said. Indeed, Justice Ginsburg was known for her civility.”

Persons: Elon Musk, Rupert Murdoch, Ruth Bader Ginsburg, Julie Opperman, RBG, ”, ” Opperman, Martha Stewart, Sylvester Stallone, Michael Milken, Ginsburg, Jim Ginsburg, CNN’s Paula Reid, Murdoch, ” “, Ginsburg’s Organizations: CNN, SpaceX, Opperman Foundation, Foundation, Leadership

☆ Jim Cramer says Nvidia will 'create the next industrial revolution'
▼ + stars: | 2024-03-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday said he believes Nvidia will revolutionize enterprise. "The sum of all that Nvidia's doing will indeed create the next industrial revolution, because Nvidia's about the speed with which we can arrive at smarter, better answers," he said after attending the company's conference in San Francisco. Cramer reaffirmed his belief that the company is worth its $2.2 trillion valuation. To Cramer, Nvidia's market value isn't as apparent as tech peers like Microsoft , Alphabet or Amazon , which offer services that are clearly seen as valuable by consumers. But Nvidia is enterprise-oriented, he said, which makes the company "a behind-the-scenes kind of story."

Persons: CNBC's Jim Cramer, Cramer, Jensen, Huang Organizations: Nvidia Locations: San Francisco

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