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☆ Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
▼ + stars: | 2024-10-07 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

NXP Semiconductor — Shares added 0.8% after UBS upgraded the chipmaker to buy from neutral. Amazon — Shares slumped nearly 2% after Wells Fargo downgraded the e-commerce company to equal weight from overweight, citing slowing growth and competition from Walmart. Pfizer — Activist investor Starboard Value took a roughly $1 billion stake , seeking a turnaround at the struggling company, sources told CNBC. American Express — The financial services stock fell more than 1% after JPMorgan downgraded shares to neutral from overweight. Ally Financial — The financial services stock added 1.4% on the back of a JPMorgan upgrade to overweight from neutral.

Persons: Jefferies, Wells, Coty, Ashley Helgans, Bernstein, headwinds, Ally, Yun Li, Samantha Subin, Alex Harring, Pia Singh, Michelle Fox Organizations: —, Semiconductor, UBS, Walmart, Pfizer —, CNBC, Jefferies, Hershey, American Express, JPMorgan, Wynn Resorts, United Locations: Wells Fargo, underperform, GLP, United Arab Emirates

☆ Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
▼ + stars: | 2024-10-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing growth and competition from Walmart. Hershey – Shares fell 2% after the chocolate maker was downgraded to neutral at UBS and to market perform at Bernstein. JPMorgan downgraded shares to underweight from neutral, citing dwindling confidence in the Israel-based company grapples with share loss concerns and volume challenge. JPMorgan downgraded shares to neutral, citing limited EPS upside from here.

Persons: Milton, Wells, Chubb, Morgan Stanley, Coty, Ashley Helgans, Arcadium, Bernstein, GLP, Ciena, —, Yun Li, Hakyung Kim, Alex Harring, Jesse Pound, Michelle Fox, Sean Conlon, Pia Singh Organizations: Generac Holdings, Walmart, Pfizer —, CNBC, Insurance, —, Allstate, Travelers, Progressive, Hurricane, Universal Insurance, Air Products, Chemicals, Garmin —, Garmin, Jefferies, Rio Tinto, Hershey –, UBS, Butterfly Equity, JPMorgan, Apple Locations: Florida, Hurricane Milton, Fort Lauderdale , Florida, Wells Fargo, California, Israel

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Netflix, Campbell Soup, Gilead, American Express & more
▼ + stars: | 2024-10-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo upgrades Gilead to overweight from equal weight Wells says the biopharma company has an attractive setup. Wells Fargo upgrades Canadian National to overweight from equal weight Wells says it sees "accelerating growth" for the railway company. Barclays downgrades Netflix to underweight from equal weight Barclay says the "growth algorithm is getting more complex." Wells Fargo downgrades Amazon to equal weight from overweight Wells says the "positive revision story [is] on pause for Amazon. JPMorgan upgrades Ally Financial to overweight from neutral and downgrades American Express to neutral from overweight JPMorgan downgraded American Express and says it sees "asymmetric risk."

Persons: Jefferies, Wells, Morgan Stanley, it's bullish, Barclay, NFLX, Piper Sandler, Piper, Mizuho, JPMorgan downgrades Lamb Weston, JPMorgan, downgrades Sherwin, Williams, KeyBanc, Bernstein, Campbell, underperform Bernstein, Coupang, CPNG, Barclays downgrades, Avery Dennison, Garmin, Hershey Organizations: Apple, Apple Intelligence LT, UW, Vertiv Holdings, Coty, Barclays, Netflix, MKSI, Mizuho, JPMorgan, Deutsche Bank, Alliance, Deutsche, UBS, NXP, Express, American Express, Barclays downgrades DuPont, DuPont, Bank of America downgrades Constellation Brands, Bank of America, Constellation Brands, Bank of America downgrades Comerica, of America, CMA, Air Products, Hershey Locations: OW, Gilead, Canada, underperform

☆ Bernstein upgrades Campbell as people taking GLP-1 drugs eating more soup
▼ + stars: | 2024-10-07 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Campbell Soup could be poised to benefit from an uptick in GLP-1 drug usage, according to Bernstein. Among the 20 analysts covering Campbell, only five have a strong buy or buy rating, while 12 have a hold rating. In addition, the analyst anticipates that reduced chocolate consumption from GLP-1 intake may hinder U.S. chocolate volumes by 2% to 3%. "Unfortunately, chocolate category volumes remain stubbornly negative and Hershey's chocolate volumes also remain weak despite lapping easier and easier comparables in recent months," Howard continued. Meanwhile, only four have a strong buy or buy rating, and its average target of $202.14 implies a gain of about 5% ahead.

Persons: Campbell, Bernstein, Eli Lilly's Mounjaro, Alexia Howard, Milano, Howard, they've Organizations: Nordisk's Ozempic, Hershey Locations: GLP

☆ Chappell Roan has frustrated fans by canceling shows. PR experts say she made the right call.
▼ + stars: | 2024-10-04 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +17 min

Chappell Roan has endured backlash on social media for sharing her political opinions and canceling shows. That quote was subsequently clipped and shared widely on social media, where uproar promptly ensued. Even if canceling shows could drive away fans, it's worth the riskFans at a Chappell Roan concert in October 2023. Maybe Roan should pull back from social media — but that's ultimately her callChappell Roan points at a photographer on the VMAs red carpet. Swift turned off Instagram comments years ago, Gomez has said she deleted the app from her phone, and others have quit posting on social media altogether.

Persons: Chappell Roan, —, Roan, she's, who's, Taylor Swift's, TikTok, Donald Trump, Gen Zers, Kamala Harris, mispronouncing Harris, they're, chappell, ake, ould, ong, ike J ustin, elena G omez,, ike, B, R., hore, orth, veryone's, IKE —, hite Organizations: Service, Poets Department, Guardian, Democratic, ust Locations: Roan, rive, ashington, uman

☆ Inflation's round trip is just about completed, says CEA's Jared Bernstein
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation's round trip is just about completed, says CEA's Jared BernsteinJared Bernstein, Council of Economic Advisors chair, joins 'Money Movers' to discuss recent economic data, the message those who doubted the Fed's ability to bring inflation lower, and much more.

Persons: CEA's Jared Bernstein Jared Bernstein Organizations: Economic Advisors

☆ Fashion designer Hedi Slimane leaves LVMH’s Celine
▼ + stars: | 2024-10-02 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Paris, France Reuters —Fashion designer Hedi Slimane has left LVMH’s Celine brand, the company said on Wednesday, marking the latest high-profile departure from a fashion label as the industry grapples with a sales downturn. Rider, who will start his new job early next year, worked alongside former Celine designer Phoebe Philo at Celine for over a decade. Solca said Slimane had done well at the label, likely more than doubling brand revenue to around €2.5 billion ($2.76 billion). Slimane joined Celine in 2018, quickly making his mark at the historic fashion house with his distinctive rocker-chic aesthetic. In January, at LVMH’s annual results presentation, Arnault said that Celine was enjoying “great success” thanks to Slimane, and topping €2 billion in sales.

Persons: Hedi Slimane, Celine, LVMH, Michael Rider, Rider, Phoebe Philo, Chanel, Virginie Viard, Luca Solca, Bernstein, “, ”, Solca, Slimane, Dior Homme, Yves Saint Laurent, Karl Lagerfeld, Dior, Kaia Gerber, Bernard Arnault, Arnault, Carole Madjo, Louis Vuitton, Virgil Abloh Organizations: France Reuters —, Creative, Barclays Locations: Paris, France, €, Celine, China, LVMH

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Meta, Alphabet, Rio Tinto & more
▼ + stars: | 2024-10-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan upgrades Parr Pacific to overweight from neutral JPMorgan said the gas exploration and production company has overcorrected. JPMorgan downgrades MercadoLibre to neutral from overweight JPMorgan downgraded the online Latin American marketplace mainly due to valuation. Wells Fargo reiterates Meta as overweight Wells Fargo raised its price target on Meta to $652 per share from $647. JPMorgan upgrades SAIC to overweight from neutral The firm says it sees "profitable growth" for the IT company. Berenberg upgrades Rio Tinto to buy from hold Berenberg says the metals and mining company is a "medium-term diversified winner."

Persons: Roth, DA Davidson, Davidson, PARR, Wolfe, Raymond James downgrades, Raymond James, Guggenheim, Mizuho, it's bullish, tailwinds, Wells, Wells Fargo, Canaccord, Tesla, Berenberg, Baird downgrades Harley, Baird, Harley, Gordon, FANG, Bernstein Organizations: Iren Energy, Industries, JPMorgan, Parr, Northland, TAM, Raymond James downgrades GE, GE, Deutsche Bank, Nike, Absci Corporation, Mizuho, Kodiak, Kodiak Gas Services, Meta, SAIC, IT, Tesla, Mobile, T Bank, Buffalo, Rio Tinto, BHP, Home Depot, Barclays, Diamondback Energy, Nvidia, Apple Locations: OW, Asia, Vegas, Northland, Salesforce, Rio, American

☆ It's Nvidia's game to lose in semiconductor competition, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's Nvidia's game to lose in semiconductor competition, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein chip analyst, joins 'Closing Bell' to discuss the semiconductor space as the sector continues to grow in players and competition.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein

"While rescheduling has advanced, and if adopted it would mark the largest incremental step forward in federal cannabis reform to date, the fact remains that it is not completed." In late August, Trump departed from his usual stance that cannabis legalization should be left up to each individual state. "The fact that both Republican and Democratic Presidential candidates now support federal cannabis reform increases the probability that federal cannabis legalization is simply a matter of time," said Bernstein analyst Nadine Sarwat, in a recent note. However, while candidate support has boosted the market, Bernstein also noted that growth has been stagnant in the category as it faces macro headwinds. "Despite all the headlines regarding potential federal reform, state-level sales performance is sobering," Sarwat said.

Persons: Kamala Harris, aren't, Harris, Harris's, Jason Wild, Biden, Brady Cobb, Cobb, Emily Paxhia, Donald Trump's, Trump, Bernstein, Nadine Sarwat, Sarwat Organizations: White, Democratic, Toronto Stock Exchange, Drug Enforcement Administration, Poseidon Investment Management, Cannabis ETF, Republican, Democratic Presidential Locations: Washington ,, United States, Florida

☆ How Prada is beating the odds and bucking the luxury slump
▼ + stars: | 2024-09-30 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

"I think the 'miracle' at Prada is Miu Miu," Luca Solca, a senior analyst at Bernstein, told Business Insider. Miu Miu is doing just that. "Miu Miu is resonating with consumers because of a savvy mix of product and communication marketing," Solca said. Miu Miu has embraced stars (Sydney Sweeney and Gigi Hadid were featured in recent campaigns), which has energized its following. AdvertisementIn short — pun intended — you can't get trendier than Miu Miu right now, and being trendy is good for business.

Persons: that's, Miu Miu, Luca Solca, Bernstein, Miu, —, Moncler, Stifel's Rogerio Fujimori, Edward Berthelot, Solca, Sydney Sweeney, Gigi Hadid, Lexie Liu, Zhao Jinmai, Wu Yanshu, Miu Miu's Mary Jane, It's, Prada, Prada hadn't, Jelena Sokolova, Morningstar, Burberry, Gucci, Andrea Guerra, Raf Simons, Muccia Prada, Goldman Sachs, Gen, Scarlett Johansson, Arqué, Sokolova, Alessandro Michele, Guerra, L'Oréal, " Guerra Organizations: Prada, HSBC, Little, Business, New York Times, LVMH, Gucci Locations: Prada, Asia, China, Tokyo, Taipei, Nanjing, LVMH, Hong Kong

☆ Rate cuts and broadening fundamentals are propelling markets higher, says Richard Bernstein
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRate cuts and broadening fundamentals are propelling markets higher, says Richard BernsteinRichard Bernstein, Richard Bernstein Advisors CEO and CIO, joins 'Money Movers' to discuss Bernstein's thoughts on September's equity performance, if investors need to be on watch for a market melt-up, and much more.

Persons: Richard Bernstein Richard Bernstein, Richard Bernstein

☆ Jim Cramer explains why he's bullish on Starbucks
▼ + stars: | 2024-09-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday told investors why he's optimistic about Starbucks , reviewing the bull and bear cases for the stock recently released by different analysts. "I think he's got such a great track record that he's more than earned the benefit of the doubt." The ailing coffee change announced a change of management last month, replacing CEO Laxman Narasimhan with former Chipotle CEO Brian Niccol. Starbucks saw sales decline over the past few quarters, and shares fell more than 20% during Narasimhan's time in the role, according to CNBC. Cramer compared a bearish downgrade from Jefferies and a bullish upgrade from Bernstein, as both firms posted analyses last week.

Persons: CNBC's Jim Cramer, he's, Laxman Narasimhan, Brian Niccol, Niccol, Cramer, Bernstein, Jefferies, I'm Organizations: Starbucks, CNBC, Jefferies

☆ Stocks to play the China trade until the latest stimulus package kicks in
▼ + stars: | 2024-09-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Until the government's measures pan out, investment strategists are recommending a handful of oversold stocks in China. U.S. hedge fund billionaire David Tepper said Thursday on CNBC's " Squawk Box " that he bought more Chinese stocks after the change in China policy. That hedge fund allocation rose to 7.3% on Tuesday, which saw the largest single day purchases by hedge funds since March 2021, Rubner said. Retail investors account for the majority of trading activity in mainland Chinese stocks, also known as A shares. Mainland Chinese stock exchanges are scheduled to close from Oct. 1 to Oct. 7 for a holiday, which this year commemorates the 75th anniversary of the People's Republic of China.

Persons: Wendy Liu, Rupal Agarwal, Bernstein, David Tepper, Donald Trump, Tepper, Pan Gongsheng, Xi Jinping, Scott Rubner, Goldman Sachs, Rubner, Goldman, China hasn't, Li Dongfang, Li, financials, — CNBC's Michael Bloom Organizations: CSI, JPMorgan, Tal Education, Huawei, People's Bank of China, CNBC, HK Locations: Shanghai, Shenzhen, China, Tsingtao, U.S, Zhejiang, Asia, Hong Kong, Beijing, Mainland, People's Republic of China

☆ Tesla could have a tough time living up to the hype around its robotaxi event
▼ + stars: | 2024-09-28 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

The recent hype lifted Tesla's stock into positive territory for the year, and it's now up nearly 5% in 2024. A high-risk, high-reward venture Analysts polled by LSEG have a consensus price target of $210.71 on Tesla shares, implying a decline of 19% from Friday's close. "We believe widescale Tesla robotaxi deployment is unlikely in the coming years," Spak added. Still, the bull case around Tesla's robotaxi ambitions highlights the company's potential to provide cost-effective technology. Morgan Stanley analyst Adam Jonas is a Tesla bull with an overweight rating and a $310 price target — reflecting 19% upside.

Persons: it's, It's, Tesla, CFRA's Garrett Nelson, I've, Nelson, Bernstein, Nikhil Devnani, Joseph Spak, Spak, Tesla's, Elon, Bernstein's Devnani, Goldman Sachs, Mark Delaney, Morgan Stanley, Adam Jonas, Jonas, hasn't, CFRA's Nelson, Nelson's, Morgan Stanley's Jonas Organizations: Investors, Tesla, CNBC, LSEG, UBS, Guggenheim, Vehicle Passenger Service Locations: Los Angeles, U.S, Europe, China, Friday's, United States

☆ Retail set for stabilization and growth in the next few months, says Bernstein's Aneesha Sherman
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail set for stabilization and growth in the next few months, says Bernstein's Aneesha ShermanAneesha Sherman, Bernstein Research's U.S. apparel and specialty retail vice president, joins CNBC's 'Closing Bell' to discuss rising consumer sentiment, her retail outlook for the holiday shopping season, and more.

Persons: Bernstein's Aneesha Sherman Aneesha Sherman, Bernstein

☆ Watch CNBC’s full interview with Bernstein's Danilo Gargiulo
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Bernstein's Danilo GargiuloDanilo Gargiulo, senior research analyst at Bernstein, joins CNBC's 'The Exchange' to discuss why the firm upgraded Starbucks, how the coffee chain should navigate China, and more.

Persons: Bernstein's Danilo Gargiulo Danilo Gargiulo, Bernstein Locations: China

☆ Stocks making the biggest moves midday: Micron Technology, Super Micro Computer, Southwest Airlines and more
▼ + stars: | 2024-09-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Southwest Airlines — The airline jumped 11% after it raised its third-quarter revenue forecast and authorized $2.5 billion in share buybacks. Starbucks — The coffee chain rose nearly 2% after Bernstein upgraded shares to outperform , citing confidence in the company's new CEO . CarMax — The used car retailer jumped nearly 6% after topping sales estimates for the fiscal second quarter. New York Community Bank — Shares of the regional lender jumped nearly 8% after Barclays upgraded the stock to overweight from equal weight. Accenture — The professional services stock rose nearly 5% on better-than-expected fiscal fourth quarter results.

Persons: Bernstein, Jabil, Goldman Sachs, Goldman, Morgan Stanley, Erik Woodring, —, Jesse Pound, Yun Li, Alex Harring, Pia Singh, Hakyung Kim Organizations: Micron Technology, Applied Materials, ASML, Lam Research, Wall Street Journal, Justice Department, Southwest Airlines —, Elliott Investment Management, Starbucks, NRG Energy, GE Healthcare —, UBS, Jefferies, New York Community Bank, Barclays, Bilibili, Accenture Locations: China, Bilibili —

☆ Stocks making the biggest moves premarket: Micron Technology, Starbucks, CarMax and more
▼ + stars: | 2024-09-26 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Starbucks — The coffee chain rose more than 2% after Bernstein upgraded the stock to outperform from market perform. New York Community Bancorp — Shares of the regional lender gained more than 4% after Barclays upgraded shares to overweight as it repositions itself following a rocky patch. Micron Technology , chip stocks — Micron shares surged nearly 17% after offering a stronger-than-expected revenue forecast for the fiscal first quarter. Nvidia rose 2%, while U.S.-traded shares of ASML Holding added nearly 5%. Southwest Airlines — The travel stock rose about 5% after Southwest hiked its third-quarter revenue forecast.

Persons: Bernstein, Brian Niccol, Graham Doyle, Bilibili, Goldman Sachs, Jefferies, Elliott, Sonos, Morgan Stanley, Erik Woodring, —, Alex Harring, Samantha Subin, Jesse Pound, Sarah Min Organizations: New York Community Bancorp, Barclays, Micron Technology, Micron, Nvidia, ASML, Bank of America, NRG Energy, GE Healthcare Technologies, UBS, Jefferies, Southwest Airlines, Southwest, Elliott Management Locations: U.S, China, Bilibili —, dealmaking

Analyst Jared Shaw raised his rating on the regional bank to overweight from equal weight and upped his price target by $4 to $14. Analyst Rob Dickerson downgraded the chocolate maker to underperform from hold and slashed his price target by $21 to $163. Analyst Lincoln Kong upgraded U.S.-listed shares to buy from neutral and raised his price target to $22.60 from $16.50. — Alex Harring 5:51 a.m.: BofA hikes Meta price target following Connect event Bank of America sees more room for Meta Platforms to run due to its artificial intelligence possibilities. Starbucks shares are flat year to date, but they have popped more than 20% over the past three months.

Persons: Bernstein, Jared Shaw, NYCB, Shaw, — Alex Harring, Sell Hershey, Jefferies, Rob Dickerson, Dickerson, flatlining, Hershey, Alex Harring, BofA, Ralph Lauren, Christopher Nardone, Justin Picicci, Corey Van der, Nardone, Picicci, Goldman, Bilibili Goldman Sachs, Lincoln, Kong, Bilibili, Justin Post, Post, Metaverse, Meta, Brian Niccol, Danilo Gargiulo, Gargiulo, Niccol, — Fred Imbert Organizations: CNBC, . Bank of America, Barclays, Bancorp New, Bancorp New York Community, Wall, Hershey, America's, Lincoln Kong, Bank of America, Facebook, Meta, Orion, Taco Bell Locations: Bancorp New York, Wednesday's, Thursday's premarket, Bilibili, U.S

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Micron, Nike, Meta, Microsoft, First Solar, Tesla & more
▼ + stars: | 2024-09-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

For long term investors we continue to believe they have the best enterprise AI platform and retain our 18-month $500 price target." Truist initiates First Solar as buy Truist said the solar company has a wide moat. " Deutsche Bank reiterates Tesla as buy The firm said it's sticking with its buy rating heading into the company's delivery report in October. UBS reiterates Micron as buy UBS said it's sticking with the stock following earnings on Wednesday. "We are taking the opportunity to reaffirm our positive view on DKNG and up our year-end 2025 price target to $54."

Persons: Goldman Sachs, Goldman, Morgan Stanley downgrades, Morgan Stanley, Oppenheimer, Truist, Tesla, Jefferies downgrades Hershey, Jefferies, it's, Orion, Bernstein, NYCB, Morgan Stanley downgrades Sonos, there's, JPMorgan, Ralph Lauren Organizations: UBS, GE Healthcare, Entertainment, Tencent, Microsoft, Inc, Deutsche Bank, Hershey, Susquehanna, Nvidia, NVIDIA, Nike, Deutsche, Apple, Barclays, Community Bank, Micron, MU, " Bank of America, Meta, Bank of America, SONO, UW, GE Vernova, GE, RL Locations: China

☆ Nvidia's days of absolute dominance in AI could be numbered because of this key performance benchmark
▼ + stars: | 2024-09-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Liang told Business Insider he expects 90% of AI computing workloads will be in inference in the not-too-distant future. AdvertisementThat's why several startups are charging aggressively into the inference market — emphasizing where they might outperform the goliath in the space. Speed is an important factor when multiple AI models talk to each other and waiting for an answer can dampen the magic of generative AI. The number of tokens per second that can be consumed (when a prompt goes in) and generated (when a response comes out) is a common metric for AI computing speed. AdvertisementCerebras's AI chip is roughly size of a dinner plate.

Persons: —, Rodrigo Liang, Colleen Kress, workloads, Liang, Andrew Feldman, Bernstein, Colette Kress, Kress, Nvidia's, SambaNova, Anthropic's Claude, Nvidia isn't, Jensen, Dylan Patel, Patel Organizations: Service, Business, SambaNova Systems, Nvidia, ARM, AMD, o1, BI Locations: Artificialanalysis.ai, TCO

☆ Breaking down Micron's giant rally. Why JPMorgan thinks shares can jump nearly 90%
▼ + stars: | 2024-09-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The good times should continue to roll for shares of Micron Technology , according to Wall Street analysts. The move put the company on pace for its best day since 2011 and put shares up more than 31% year to date. MU YTD mountain Shares performance this year The analyst reiterated his overweight rating and $180 price target, reflecting 88% upside from Wednesday's close. Goldman Sachs' Toshiya Hari reiterated his buy rating and adjusted his price target to $145 from $158, still pointing to a 51% gain. The analyst has a price target of $146 on Micron, signaling a 46% increase.

Persons: Harlan, Goldman Sachs, Toshiya Hari, Mark Li, Tim O'Malley, O'Malley Organizations: Micron Technology, Wall Street, Wall, MU, Micron, Barclays Locations: Harlan Sur

☆ 2 of our China-related stocks are on the move after the Chinese government pledges more stimulus
▼ + stars: | 2024-09-26 | by ( Matthew J. Belvedere | ) 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. Starbucks shares rose roughly 2% on an analyst upgrade and the stimulus news out of China. 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, Bernstein, Brian Niccol, Jim Cramer's, Jim Organizations: CNBC, Micron, Saudi, Club, Jefferies, GE Healthcare, UBS, GE, Jim Cramer's Charitable Locations: China

☆ 10 things to watch in the stock market Thursday, including the Micron-fueled chip rally
▼ + stars: | 2024-09-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

10 things to watch Thursday, Sept. 26 — Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. China stocks rallied again — this time on signs the Chinese government is prepared to add fiscal stimulus to this week's central bank monetary stimulus. Nvidia and Advanced Micro Devices are Club stocks. China stocks rallied again — this time on signs the Chinese government is prepared to add fiscal stimulus to this week's central bank monetary stimulus. Nvidia and Advanced Micro Devices are Club stocks.

Persons: Jeff Marks, Jim Cramer, Bernstein, Brian Niccol, that's, Mark Zuckerberg, Jensen Huang, Elliott, Truist, Eaton, Morgan Stanley, Jefferies, Hershey, Jim Cramer's, Jim Organizations: Micron, AMD, Nvidia, Devices, Starbucks, Club, GE Healthcare, UBS, Bank of America, JPMorgan, Meta, Southwest Airlines, Elliott Management, GE, Jefferies, Wells, Jim Cramer's Charitable, CNBC Locations: China

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