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☆ CNBC Daily Open: Is the final leg of inflation fight the hardest?
▼ + stars: | 2024-02-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 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. Hong Kong ralliesHong Kong stocks rallied on Wednesday, while the wider region traded mixed. U.S. stocks tumbled overnight, dragged lower by a 4.4% drop in Nvidia shares ahead of the chipmaker's earnings report. Pros say that exposure can come from real estate investment trusts and picked 5 REITS that are in play.

Persons: Pina, Dow, Noel Quinn, Nikesh Arora, Andrew Amoils Organizations: CNBC, CSI, Nvidia, Nasdaq, HSBC, Palo, Palo Alto Networks, New Locations: Brooklyn, New York, Hong Kong, U.S, Vietnam

☆ Stocks making the biggest moves midday: Nvidia, SolarEdge, Teladoc, Wingstop and more
▼ + stars: | 2024-02-21 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

First-quarter revenue is expected to be $175 million to $215 million, far below the $406 million forecast. Teladoc posted $661 million in revenue, below the $671 million consensus forecast from LSEG, formerly known as Refinitiv. Wingstop — The restaurant chain slipped 4% despite reporting fourth-quarter earnings and revenue that topped analysts' estimates. However, total revenue growth came down for the fourth consecutive quarter. Wix.com reported fourth-quarter earnings of $1.22 per share, more than the consensus estimate from StreetAccount of earnings of 96 cents per share.

Persons: SolarEdge, Teladoc, Alan Shaw, —, Dow, Wingstop, Wix.com, CNBC's Hakyung Kim, Michelle Fox, Lisa Kailai Han, Jesse Pound, Samantha Subin, Yun Li, Sarah Min Organizations: Nvidia, Wall, Palo Alto Networks, Toll, Norfolk Southern, Barclays, Walgreen Boots, Dow Jones, Walgreens, Alliance, Dow Jones Industrial, Walgreens Boots Alliance, HSBC —, HSBC, Bank of Communications, Garmin —, Garmin Locations: Palo, billings, LSEG, U.S, China

☆ The Nvidia trade looks crowded ahead of the chipmaker's earnings report, according to the charts
▼ + stars: | 2024-02-21 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Nvidia has been awarded the flagship status of companies leading the artificial intelligence revolution, and all eyes turn to fourth-quarter earnings after the bell Wednesday. The expectations are massive compared to the same quarter last year — and even compared to last quarter's earnings. The massive gains in price reflect this historic growth and the question is will the chart continue its rally following earnings? On Jan. 9 , I wrote about NVDA breaking through the 2023 resistance zone of $500 with targets of $650 in the first half of this year, and $775 in all of 2024. Expectations are for earnings of $4.59 per share vs 88 cents in Q4 of '23 and $4.02 in Q3 of '24.

Persons: It's, Eli Lilly, Elliott, Gordon, NVDA Organizations: Nvidia, UBS, Elliott, Tactical Alpha, Edge

☆ Nvidia lives up to the earnings hype and then some, prompting our big price target hike
▼ + stars: | 2024-02-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

NVDA 5Y mountain Nvidia 5 years The Nvidia phenomenon is something for all investors to take note of and study. The first question we got on the call was in relation to the sustainability of the Data Center sales momentum. Generative AI isn't possible in a data center built for traditional general-purpose computing. In fact, Nvidia believes AI inferencing was responsible for about 40% of Data Center sales over the past year. This is why Nvidia was designated by Jim Cramer and the Club as an "own it, don't trade it" stock.

Persons: Jensen Huang, it's Nvidia's, Thursday's, we've, Colette Kress, we're, Nvidia's Huang, Huang, inferencing, It's, Jim Cramer, Apple's, Jim Cramer's, Jim, Ann Wang Organizations: Nvidia, Revenue, U.S, Data, Microsoft, Moore's Law, world's, Management, Software, Enterprise, Club, Apple, CNBC Locations: tacking, China, Taipei, Taiwan

☆ S&P 500 futures rise slightly in overnight trading, Nvidia shares jump: Live updates
▼ + stars: | 2024-02-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

S&P 500 futures edged up in overnight trading Wednesday, boosted by a jump in Nvidia shares as the chip giant posted record revenue and issued upbeat guidance. S&P 500 futures rose 0.5% and Nasdaq 100 futures gained 1%. Nvidia shares popped more than 8% in after-hours trading after the chip company said total revenue rose a whopping 265% from a year ago, driven by its booming artificial intelligence business. AI enthusiasm has powered the jaw-dropping rally in Nvidia, along with other Big Tech names, over the past year. "Investors should know that the path of disinflation will likely be choppy, creating volatility in the rates market," said Jeffrey Roach, chief economist at LPL Financial.

Persons: David Russell, Jeffrey Roach Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Nvidia, Big Tech, Bears, Federal, LPL, Moderna, Builders, Live, Booking Holdings, Intuit Locations: U.S

☆ Data center capacity constraints could 'hurt' Nvidia's longer-term revenue, according to UBS
▼ + stars: | 2024-02-20 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Data center capacity constraints could one day eat into Nvidia's revenue potential, according to UBS analysts. "A major factor that we believe will probably start coming into play is data center capacity — which we do think starts to hurt revenue, albeit maybe more in 2026 than in 2025," Arcuri said, in a separate report. For the fourth quarter, UBS expects Nvidia to report data center revenue of $19.45 billion, which would entail sequential growth of 34%. It also expects revenue and earnings per share, as well as data center revenue, to increase in 2025 and 2026. According to FactSet, average estimates for data center revenue are around $17.06 billion and $20.4 billion in total revenue for the fourth quarter.

Persons: Timothy Arcuri, Carlos Colorado, Arcuri Organizations: UBS, UBS —, Nvidia, Microsoft, Amazon Locations: Colorado, U.S

☆ Nvidia tumbles ahead of earnings report, providing an opening for new investors
▼ + stars: | 2024-02-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Nvidia shares were down sharply, one day before the leading artificial intelligence chipmaker's pivotal earnings report Wednesday evening. Tuesday's stock decline presents a great entry point for investors who don't own Nvidia, according to Jim Cramer. Investors who have been waiting for an opportunity to own Nvidia are getting one Tuesday, Jim said. Even for investors who have long owned the stock, Nvidia's decline Tuesday was welcome news. That is especially true if Nvidia's results and guidance don't surpass expectations at all.

Persons: Jim Cramer, Nvidia's, Jim, outperformance, it's, Jim Cramer's, Marlena Sloss Organizations: Nvidia, Investors, Nvidia's, Microsoft, Meta, CNBC, Bloomberg, Getty Locations: Santa Clara , California

Stocks fell Tuesday as Nvidia led a broader tech decline ahead of the chipmaker's earnings report. Shares of Nvidia , which is set to report earnings Wednesday after the bell, fell more than 5%. Although Nvidia is expected to post impressive results, investors have expressed concerns about its sky-high valuation. Walmart shares added more than 4% after the big-box retailer also beat quarterly earnings and revenue expectations, fueled by double-digit growth in the company's global e-commerce sales. Tuesday kicks off the shortened trading week after U.S. markets were closed Monday in observance of the birthday of George Washington.

Persons: Stocks, Sam Stovall, George Washington Organizations: New York Stock Exchange, Nvidia, Dow Jones, Nasdaq, Microsoft, Meta, CFRA Research, Discover Financial Services, Discover, Walmart, Federal Reserve

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Nvidia is now worth more than Alphabet and Amazon. These 4 charts show the chipmaker's surge to a $1.8 trillion valuation.
▼ + stars: | 2024-02-15 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Nvidia passed Google owner Alphabet to become America's third most valuable company on Wednesday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementNvidia is now worth more than its Big Tech rivals Alphabet and Amazon — as well as the entirety of China’s stock market . The chipmaker’s market capitalization passed Amazon’s on Tuesday and Alphabet’s on Wednesday to stand at $1.83 trillion at Wednesday’s closing bell. This story is available exclusively to Business Insider subscribers.

Persons: —, Alphabet’s Organizations: Nvidia, Google, Service, Big Tech, Business

☆ Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company
▼ + stars: | 2024-02-14 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Nvidia surpassed Google parent Alphabet in market capitalization on Wednesday. Nvidia rose over 2% to close at $739.00 per share, giving it a market value of $1.83 trillion to Google's $1.82 trillion market cap. The move comes one day after Nvidia surpassed Amazon in terms of market value. Nvidia shares are up over 221% over the past 12 months on robust demand for its AI server chips that can cost more than $20,000 each. Before the recent AI boom, Nvidia was best known for consumer graphics processors it sold to PC makers to build gaming computers, a less lucrative market.

Organizations: Nvidia, Google, U.S ., Apple, Microsoft

UBS hiked its price target on Nvidia , citing an attractive valuation and strong demand for its chips. The firm upgraded shares to overweight from neutral and upped its target price by $17 to $68, which implies 24.3% potential upside. He upgraded shares to buy from neutral and increased his price target from £17 to £21. — Pia Singh 5:47 a.m.: UBS hikes Nvidia price target UBS is getting even more bullish on Nvidia ahead of the chipmaker's fiscal fourth-quarter earnings report. Despite the price target increase, Nvidia shares were down 1% in the premarket.

Persons: Riley Securities downgrades, Jeff Lick, Children's, Lick, — Pia Singh, Piper Sandler, Trimble, Clarke Jeffries, Mark Palmer, Palmer, Andrew Baum, Baum, GSK's, Timothy Arcuri, Arcuri, NVDA, Fred Imbert Organizations: CNBC, UBS, Nvidia, Citi, GSK, Riley Securities, Children's, Investment, Block Locations: Lick, Monday's, C2H

☆ Arm shares jump 29% as post-earnings rally extends to second week
▼ + stars: | 2024-02-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Arm shares soared 29% on Monday, extending last week's rally as investors continue to applaud the chipmaker's better-than-expected third-quarter earnings and its position in the artificial intelligence boom. Arm is now up 93% since it reported quarterly financials on Feb. 8, though without any clear catalyst for Monday's move. Last week, Arm said it could charge twice as much for its latest instruction set, which accounts for 15% of the company's royalties, suggesting it can expand its margin and make more money off new chips. Its royalty strength combined with Arm's optimistic growth forecast has made the company the latest AI darling among investors, despite a higher earnings multiple than Nvidia or AMD. For the second time in three trading sessions, Arm's daily volume exceeded 100 million shares, or more than 10 times the average for the stock .

Persons: SoftBank Organizations: Nvidia, AMD

☆ Stocks making the biggest moves midday: New York Community Bancorp, Diamondback Energy, VF Corp. and more
▼ + stars: | 2024-02-12 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Bank of America also reiterated its neutral rating on Monday, while noting that leadership has "the playbook to turn things around." Diamondback Energy — The shale producer jumped 9.4% after announcing its purchase of Endeavor Energy, the biggest private company that produces natural resources from the Permian Basin. CymaBay Therapeutics , Gilead — Shares of CymaBay soared 25.4% after Gilead agreed to buy the drug developer. The deal comes as Gilead, whose shares were up around 1% in Monday's session, looks to expand beyond HIV drugs. Marqeta — The credit card technology stock added 5.7% after a Bank of America upgrade to buy from neutral.

Persons: Gilead, Bracken Darrell, Trimble, —, Joe Ahlersmeyer, Piper Sandler, Teva, Samantha Subin, Sarah Min Organizations: New York Community Bancorp, Bank of America, Endeavor Energy, CymaBay Therapeutics, Gilead, VF Corp, Reuters, Mohawk Industries, Deutsche Bank, Citi, Space Development Agency, Teva Pharmaceutical —, JPMorgan, Nvidia Locations: Israel

☆ Nvidia wants to work with the world's most powerful tech companies to make customized AI chips
▼ + stars: | 2024-02-09 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Nvidia is in talks with tech giants like OpenAI and Google to build custom AI chips. It's held talks with leaders from Meta, Microsoft, Google, and OpenAI to build custom chips for data centers, two sources told Reuters. AdvertisementAny move by Nvidia into the custom chip market bodes ill for other manufacturers. Nvidia isn't just trying to work with major tech companies. The company is also turning to its own AI to produce its own AI chips faster.

Persons: —, It's, Nvidia's, OpenAI, Greg Reichow, Dylan Patel, Nvidia isn't, Sam Altman, Jensen Huang, Aaron Mok Organizations: Nvidia, Google, Broadcom, Reuters, Service, Meta, Microsoft, Business, Marvell Technology, Eclipse Ventures, OpenAI, United Arab Emirates

☆ Stocks making the biggest moves premarket: Disney, PayPal, Arm and more
▼ + stars: | 2024-02-08 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Ralph Lauren reported earnings of $4.17 per share, excluding items, while analysts surveyed by FactSet expected earnings of $3.57 per share. The company, which is anticipating soft sales growth this year, also announced a $1 billion share buyback program. Arm Holdings — The chipmaker's stock soared more than 28% after it reported a fiscal third-quarter earnings beat . Apollo Global Management — Shares rose nearly 3% after the asset management company's fourth quarter earnings topped estimates. The company reported $32 billion of inflows during the quarter, pushing its total assets under management to $651 billion.

Persons: Ralph Lauren —, Ralph Lauren, Morgan Stanley, Ally, Mattel —, Barbie toymaker, LSEG, Moody's, NYCB, FactSet's, —, Jesse Pound, Tanaya Macheel, Lisa Kailai Han, Michelle Fox Theobald Organizations: —, Revenue, Mattel, PayPal, New York Community Bancorp, Arm Holdings, Apollo Global Management, American, American Express, Maersk —, Maersk Locations: Danish

☆ Morgan Stanley hikes Nvidia price target ahead of earnings: 'AI demand continues to surge'
▼ + stars: | 2024-02-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The near-term growth story for Nvidia remains promising amid ongoing demand for artificial intelligence processors, according to Morgan Stanley. The Wall Street investment bank raised its price target to $750 from $603 and reiterated an overweight investment rating ahead of the dominant AI chipmaker's quarterly earnings release set for Feb. 21. The new price target suggests about 10% upside from Nvidia's current levels. Nvidia remains in a strong position and is comfortable with the competitive dynamic in the chips market, according to Moore. "Longer term, cloud commentary is encouraging, but we do continue to budget for a plateau in 2025," Moore said.

Persons: Morgan Stanley, Joseph Moore, Moore, — CNBC's Michael Bloom Organizations: Nvidia, NVDA

Things continue to look up for Nvidia with the chipmaker's next earnings report on the horizon, according to Goldman Sachs. Analyst Toshiya Hari upped his price target on the artificial intelligence darling's stock to $800 from $625, implying an upside of nearly 21% from Friday's closing level. The price target hike comes as traders ready for the closely followed chipmaker's earnings report, which is slated for later this month. The mean price target for Nvidia is $649.06, which reflects a downside of 1.9% from Friday's close, per LSEG. Shares are off to a strong start for the year, soaring 33.6% while the S & P 500 has added just around 4%.

Persons: Goldman Sachs, Toshiya Hari, Hari, FY4Q, he's Organizations: Nvidia, Microsoft Locations: hyperscalers, Friday's

☆ This new fund helps investors get behind companies that treat workers well and have positive social tailwinds
▼ + stars: | 2024-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Asset manager Impax has debuted a new socially responsible investing strategy, allowing investors to support companies with a track record of employee satisfaction. "The market typically ignores culture," said Fairbanks, who worked in sustainable investing for more than a decade before joining Impax. This strategy has evolved into the Impax Global Social Leaders Fund (IGSLX) launched late last year. To rank companies, Impax found relevant data from third-party sources before diving into fundamental research. A look inside the fund There are some stocks in the fund that Fairbanks sees as particularly exemplary of the broader strategy.

Persons: Impax, Amber Fairbanks, Fairbanks, it's Organizations: Impax, Social Leaders Fund, It's, Harbor Capital Advisors, Fairbanks, Nvidia Locations: MSCI

Analyst Oliver Chen also maintained his buy rating for Ulta stock, simultaneously lifting his price target to $580 from $570. Deutsche Bank: Reiterate buy rating and $450 price target, implying 10% upside. Kallo's price target of $300 implies that Tesla stock could rally more than 56% from its Tuesday closing price. Citi analyst Christopher Danely also stood by his buy rating on the stock while lifting his price target to $192 from $136. Analyst Jeffrey Adelson downgraded the company to underweight from equal weight and cut his price target to $6.50 from $7.

Persons: Morgan Stanley, TD Cowen, Ulta, Oliver Chen, ULTA, Chen, — Lisa Kailai Han, Goldman Sachs, Kash Rangan, Baird, Tesla, Ben Kallo, Elon Musk's, Toshiya Hari, Hari, Christopher Danely, Vivek Arya, Danely, Arya, Harlan Sur, Kannan Venkateshwar, Venkateshwar, Eric Sheridan, Sheridan, Justin Post, Ross Sandler, Sandler, Ronald Josey, Josey, Morgan Stanley downgrades, Jeffrey Adelson, Adelson, SOFI, SoFi, Fred Imbert Organizations: CNBC, Google, Microsoft, SoFi Technologies, Deutsche Bank, Citi, Barclays, Tesla, Devices, Wall Street, AMD, Bank of America, Barclays downgrades Verizon Barclays, Verizon, Venkateshwar, Bulls, Morgan Stanley downgrades SoFi Locations: Ulta

☆ Nvidia's investment in startups has nearly tripled as other tech heavyweights pull back
▼ + stars: | 2024-01-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Nvidia's blowout performance last year has helped cement the firm as a rising star in corporate venturing, with the chipmaker's startup investments having nearly tripled in 2023, S&P Global reported on Tuesday. Pullbacks also extend to other firms that are historically leaders in corporate venturing, such as SoftBank Group and Tencent Holdings. The total value of rounds surpasses $5 billion, S&P Global cited. The firm's 2022 termination of a deal to acquire Arm Holdings suggests that bigger M&A deals are off the table, S&P Global said. For 2024, the chipmaker doesn't seem to be slowing down; its already announced three startup investments, S&P Global said.

Persons: Pullbacks, Nvidia's Organizations: P Global, Microsoft, Facebook, Business, SoftBank, Tencent Holdings, IBM, Amazon, Nvidia, Arm Holdings, Healthcare

7:08 a.m.: BTIG upgrades Block to buy, bullish on Cash App and Square growth Analyst Andrew Harte upgraded Block to buy from neutral, saying margins are poised to expand. His $85 price target implies shares could gain more than 23%. Braziler's new price target of $72, higher by $10, suggests about 2.7% potential upside over the next 12 months. That is equivalent to $12B revenue or 800k units," wrote analyst Srini Pajjuri. Morgan Stanley raised its price target on Citigroup to $65 from $46, implying upside of 20.1% over the next 12 months.

Persons: Morgan Stanley, Goldman Sachs, Andrew Harte, Harte, Cash, — Pia Singh, Timur Braziler, …, Braziler, WAL, Oppenheimer, Brian Nagel, Nagel, Raymond James, Adam Tindle, Tindle, CrowdStrike, Batya Levi, Levi, EBITDA, Raymond James downgrades, Srini Pajjuri, Fred Imbert, Goldman Sachs Morgan Stanley, Betsy Graseck, Graseck, Goldman Organizations: CNBC, Bank of America, Citigroup, UBS, Spotify, Western Alliance, Alliance Bancorp, Palo Alto Networks, AMD, BofA, Global Banking, Markets Locations: Wells Fargo Wells, CY23, Basel

☆ Earnings playbook: Your guide to the busiest week of the reporting season
▼ + stars: | 2024-01-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

What history shows: GM beats earnings estimates 87% of the time, according to data from Bespoke Investment Group. Alphabet is set to report earnings after the close. What history shows: Alphabet averages a 1.45% gain after reporting earnings, Bespoke data shows. What history shows: Amazon exceeds earnings expectations 63% of the time, according to Bespoke. What history shows: Meta shares have risen in three of the last four earnings days, per Bespoke, including a 23.3% rally.

Persons: Bard chatbot, Gus Richard, David Palmer, Palmer, MSFT, Jordan Novet, bode, Leslie Josephs, Max, Alaska's, AAPL, AMZN, Mark Zuckerberg Organizations: Meta, Apple, ., Motors, CNBC, Tuesday, United Auto Workers, LSEG, Investment, AMD, Starbucks, Microsoft, Management, Wednesday Boeing, Alaska Airlines, FAA, Boeing, United Airlines, Web, Mizuho Securities, Nvidia Locations: Northland, China, Alaska

☆ We think SK Hynix will be one of the biggest beneficiaries of AI growth, analyst says
▼ + stars: | 2024-01-25 | 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 EmailWe think SK Hynix will be one of the biggest beneficiaries of AI growth, analyst saysNam Hyung Kim, partner at Arete Research, says he has "no concern" about the South Korean memory chipmaker's underwhelming stock price after the release of its strong fourth-quarter earnings.

Persons: Nam Hyung Kim Organizations: SK Hynix, Arete Research

☆ Stocks making the biggest moves midday: Netflix, ASML, AT&T, Advanced Micro Devices and more
▼ + stars: | 2024-01-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Netflix – The streaming stock popped nearly 13% after topping fourth-quarter revenue estimates and posting strong subscriber growth. Revenue topped expectations and AT & T added more subscribers than anticipated, but the company forecasted lower-than-expected adjusted earnings for 2024. The company guided for fourth-quarter revenue of $2.90 billion, under the $3 billion expected by analysts surveyed by FactSet. Abbott posted adjusted earnings that came in line with the consensus estimate of analysts polled by FactSet at $1.19 per share. The firm also told investors to anticipate full-year adjusted earnings between $4.50 and $4.70 per share, a range that includes the $4.63 per share analyst forecast.

Persons: ASML, DuPont preannounced, DuPont, Kimberly, Clark, Clark's, LSEG, Abbott, CNBC's Michelle Fox, Hakyung Kim, Lisa Kailal Han, Alex Harring, Tanaya Macheel, Jesse Pound Organizations: Netflix, StreetAccount, New Street Research, AMD, Spotify, Texas, SAP, DuPont de Nemours, DuPont, FactSet, Elevance Health, Abbott Laboratories, Wall Street Locations: Europe

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