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☆ Stocks are being routed as tech undergoes a re-rating. Here are the key drivers behind the shakeup
▼ + stars: | 2024-07-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The stock market is facing several issues: a tech re-rating, a slower economy, a seasonally weak period and an uncertain presidential outcome. Big cap tech is getting re-rated This is what happens when the market gets top-heavy in technology. Prices for megacap tech stocks have run up dramatically in hopes of outsized earnings. Regardless, investors have been re-rating tech stocks for many weeks now. Technology stocks have been toppy for some time.

Persons: Sundar Pichai, he'd, Goldman Sachs, Goldman, Matt Bartolini, Kamala Harris, Sam Stovall, Trump Organizations: Technology, Cloud Computing, Semiconductor, P Technology, X Social Media, Semiconductors, Micron, Qualcomm, Nvidia, Broadcom, SPDR, SPDR Americas Research, State, Trump, Democratic Locations: SPDR Americas

☆ Here's a sell-off strategy to take advantage of the painful market rotation out of tech stocks
▼ + stars: | 2024-07-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 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. Those are our only "own, don't trade" stocks, and they may hold the key to the rest of tech. 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, it's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Nvidia, Club, Broadcom, AMD, Juniper Networks, Digital Realty Trust, Boston Beer, Bristol, Myers, Charter Communications, Colgate, Fed, Jim Cramer's Charitable Locations: Dexcom, Sketchers, Texas

☆ AI startup Cohere cuts staff after $500 million funding round
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia , cut about 20 roles on Tuesday, CNBC confirmed. Despite the cuts, Cohere is hiring in areas such as customer operations, partnerships, revenue, sales, product design and modeling, according to its website. In June 2023, Cohere raised $270 million at a $2.2 billion valuation, with Salesforce and Oracle participating in the funding round. Many customers include businesses in banking, financial services and insurance, Kon told CNBC in the past. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman.

Persons: Aidan Gomez, OpenAI, Cohere, Fortune, It's, Anthropic, Claude chatbot, Martin Kon, Kon, Sam Altman Organizations: Cohere Inc, Economic, Cohere, Google, Nvidia, CNBC, AMD, Oracle, Salesforce, Company, White, Enterprise Locations: Davos, Switzerland, Cohere, Cohere's

☆ Why we're brushing off Wall Street's concerns about Advanced Micro Devices
▼ + stars: | 2024-07-22 | 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. Meanwhile, the Wall Street analysts argued that hedge funds have become more bearish on fellow portfolio name Advanced Micro Devices . 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, clawing, Estee Lauder, Joe Biden, Kamala Harris, Harris, Biden, Donald Trump, Jim, She's, Jim Cramer's Organizations: CNBC, Club, Nvidia, Apple, Microsoft, Citigroup, Broadcom, VMware, Wall Street, Devices, Citi, AMD Locations: Silicon Valley

☆ Investors see Broadcom catching up to Nvidia as the next big AI play, Citi says
▼ + stars: | 2024-07-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Broadcom is emerging as a strong AI stock pick, according to Citi. The bank said Broadcom is seeing an uptick in its AI business as it gains new customers like OpenAI and Bytedance. "We also believe there is some investor fatigue with NVDA," Citi said. AdvertisementBroadcom is gaining ground on Nvidia as the next hot AI stock among investors, according to a Monday note from Citi. We also believe there is some investor fatigue with NVDA," Citi said.

Persons: — Organizations: Broadcom, Citi, Service, Nvidia, Nasdaq, VMware, NXP Semiconductors, Micron, MU, Samsung Locations: New York, Connecticut, 3Q24

☆ The 'Trump trade' is on pause. Political uncertainty is now in the driver's seat
▼ + stars: | 2024-07-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It didn't take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? He talked about how interested he was in the stock market and that he wanted his kids to learn so they watched my show together. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Donald Trump, Mike Pence, Sen, JD Vance, Mary Elizabeth Lease, Joe Biden, Biden's, Trump, Biden, let's, Kamala Harris, Doug Emhoff, —, Harris, that's, Lina Kahn, Jonathan Kanter, Vance, Mark Spitznagel, Spitznagel, Bristol Myers, ., Jim Cramer's, Jim Cramer, Jim, Chris Kleponis Organizations: Republican, Populist Party, Democratic Party, Devices, Nvidia, Biden, White House, Democratic, White, Big Tech, Federal Trade Commission, Biden Democrat, Trump, Nasdaq, Street, Universa Investments, Yahoo, America, Microsoft, Google, Palo Alto Networks, Palo Alto, Starbucks, Apple, PepsiCo, Myers Squibb, Pepsi, Jim Cramer's Charitable, CNBC, US, Afp, Getty Locations: Ohio, China, U.S, Taiwan, idiocy, Bristol, . Horton, Washington ,, Pennsylvania

☆ Three buys and a bail: Microsoft, AMD, Caterpillar, & Enphase
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree buys and a bail: Microsoft, AMD, Caterpillar, & EnphaseDanielle Shay, VP of options at Simplr Trading, joins CNBC's 'The Exchange' to discuss four stocks: Microsoft, AMD, Caterpillar, and Enphase Energy.

Persons: Danielle Shay Organizations: Microsoft, AMD, Caterpillar, Enphase Energy

☆ We're buying more of this chipmaker that's been overly punished in the tech sell-off
▼ + stars: | 2024-07-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 350 shares of AMD, increasing its weighting to 1.63% from 1.4%. There's also been a rotation out of secular growth and AI stocks and into companies that benefit more from future interest rate cuts. And due to this week's sell-off, AMD shares are now trading around their lowest levels since May. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Wednesday's, Biden, Donald Trump, There's, Let's, It's, We've, Lisa Su, Jim Cramer, Jim Organizations: AMD, Taiwan Semiconductor Manufacturing Company, Republican, CNBC Locations: China, Taiwan

☆ Chip stocks try to rebound as TSMC earnings lift hopes after steep sell-off
▼ + stars: | 2024-07-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Nvidia and TSMC rose nearly 3%, while AMD and Intel rose about 1% on Thursday morning. Chip stocks tumbled Wednesday after Trump said Taiwan took "about 100% of our chip business"Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chip stocks tumbled across the board Wednesday. Nvidia shares fell 6.62%, while TSM and AMD's shares fell almost 8% and over 10%, respectively. The rebound comes after TSMC reported strong second-quarter earnings, with a 36% year-over-year rise in quarterly profit.

Persons: TSMC, Trump, —, Donald Trump, Joe Biden's Organizations: Nvidia, AMD, Intel, Taiwan, Service, Bloomberg, Semiconductor Locations: China, Taiwan

☆ Analysts downgrade Palo Alto to a hold rating — here's what they got wrong
▼ + stars: | 2024-07-18 | 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. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, —, We're, management's, Jim Cramer's, Jim Organizations: CNBC, Palo, Nasdaq, Dow Jones, Devices, Palo Alto Networks, Abbott Laboratories, AMD Locations: Palo

☆ Chip stocks suffer a mini-meltdown as more potential trade restrictions threaten the industry
▼ + stars: | 2024-07-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at why reports of more potential trade restrictions have chip companies on their heels . Trade restrictions are certainly real concerns for chip companies. AdvertisementThe supply-chain base for most of the chip industry is in Taiwan, specifically TSMC. Politicians and regulators have no interest in making American AI companies less competitive and demand is still extremely high. With so much geopolitical tension, is it possible the chip industry becomes more regionalized?

Persons: —, Dan Schneider's, Rebecca Zisser, Joe Biden, Insider's Kelly Cloonan, Biden, chipmakers, Trump, Emma Cosgrove, It's, Marianne Ayala, aren't, Dan Ives, influencers, Donald Trump, JD Vance, Tyler Le, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Dan Schneider's Nickelodeon, Business, Nvidia, AMD, Bloomberg, China, YouTube, JPMorgan, Apple, Republican National Convention, Netflix Locations: China, Netherlands, Taiwan, Texas, California, New York, London

☆ Nvidia rebounds after TSMC says AI chip demand remains strong
▼ + stars: | 2024-07-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Nvidia's rise came after TSMC said on Thursday that demand remains high and supply remains constrained for high-end AI chips, which TSMC manufactures for Nvidia. Today, the demand is so high I had to work very hard to meet customer demand," Wei told analysts. On Wednesday, the semiconductor sector had its worst day since 2020, with big drops from AMD , Arm , Broadcom and Qualcomm alongside Nvidia. A Chinese invasion would throw Nvidia's chip supply into question. Nvidia stock is up more than 150% so far in 2024.

Persons: Jensen Huang, Donald Trump, TSMC, Wei, C.C, Laura Chen, chipmakers, Biden Organizations: Nvidia, SAP Center, AMD, Broadcom, Qualcomm, Citi, Micro, Intel, OpenAI, Bloomberg, UBS Locations: San Jose , California, Taiwan, Arizona, China, Dutch

☆ Stocks making the biggest moves premarket: Nvidia, GitLab, Five Below, J.B. Hunt and more
▼ + stars: | 2024-07-17 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

US Bancorp -- The bank stock rose more than 1% after second-quarter earnings topped expectations. US Bancorp reported 97 cents in earnings per share, compared to a StreetAccount estimate of 94 cents per share, according to FactSet. J.B. Hunt Transport Services — The freight company pulled back about 3% after second-quarter results missed Wall Street's estimates. Omnicom notched earnings of $1.95 per share excluding items, which was in line with analyst forecasts polled by FactSet. The company expects earnings per share in a range of $9.97-$10.07, down from a prior guidance of $10.57-$10.72.

Persons: Biden, Joel Anderson, Morgan Stanley, J.B, Johnson, FactSet, —, Sarah Min, Jesse Pound Organizations: Bloomberg News, Biden Administration, Nvidia, Taiwan Semiconductor, AMD, VanEck Semiconductor, Evercore ISI, Mizuho Securities, US Bancorp, Hunt Transport Services, FactSet, —, V.F . Corporation, Omnicom, Reuters, Datadog, Johnson Locations: China

☆ Nasdaq has worst day since 2022 as tech stocks get slammed
▼ + stars: | 2024-07-17 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Tech shares slumped Wednesday as investors shed the behemoths that fueled Wall Street’s monster stock rally this year. The Nasdaq Composite index tumbled 2.8%, logging its worst day since December 2022. Investors are also selling tech stocks after a cool inflation report last week and stronger-than-expected retail sales data on Tuesday pushed up bets for a rate cut in September. The Magnificent Seven tech stocks, which have led most of the gains this year thanks to the artificial intelligence boom, tumbled. Microsoft (MSFT) shares fell 1.3%, Apple (AAPL) shares slid 2.5%, Amazon (AMZN) shares declined 2.6%, Alphabet shares declined 1.6%, Tesla shares slipped 3.1% and Meta Platforms shares lost 5.7%.

Persons: Biden, Russell Organizations: New, New York CNN — Tech, Dow, Nvidia, Devices, Bloomberg, US Commerce Department, Microsoft, Apple, Meta Locations: New York, China

☆ Here are Wednesday's biggest analyst calls: Rivian, Nvidia, Apple, Micron, Microsoft, Sweetgreen, Tesla, Netflix & more
▼ + stars: | 2024-07-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Rivian as overweight Morgan Stanley raised its price target on Rivian to $17 per share from $13. UBS reiterates Apple as neutral UBS said it sees Apple results as "in-line" when the company reports on Aug. 1. UBS initiates Sweetgreen as buy UBS said the restaurant chain has "margin potential." Guggenheim reiterates Netflix as buy Guggenheim said it's sticking with its buy rating on Netflix heading into earnings Thursday. UBS reiterates Micron as buy UBS said it's sticking with its buy rating on shares of Micron.

Persons: Morgan Stanley, Rivian, Jefferies, Bernstein, TD Cowen downgrades Charles Schwab, Cowen, Schwab, it's, Morgan Stanley downgrades, TD Cowen, 2H24, Tesla, Oppenheimer downgrades Morgan Stanley, Oppenheimer, Guggenheim, Needham Organizations: VW, Susquehanna, Nvidia, AMD, UBS, Apple, Chevron, bbl, Deutsche Bank, Deutsche, Valero, Mizuho, Citi, Hershey Citi, TD Cowen downgrades, Airlines, Barclays, MasterCard Citi, Mastercard, " Bank of America, Bank of America, Enterprise, NASDAQ, HSBC, Qualcomm, Netflix, Micron, Microsoft

☆ Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments
▼ + stars: | 2024-07-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Global chip stocks fell sharply, with ASML , Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump. ASML's Netherlands-listed shares were down 11%, while Tokyo Electron shares in Japan closed nearly 7.5% lower. The moves came after Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. Washington's foreign direct product rule, or FDPR, allows the U.S. to put controls on foreign-made products even if they use the smallest amount of American technology. CNBC has reached out to the U.S. State Department, the Bureau of Industry and Security, and the Office of the U.S. Trade Representative for comment on the report.

Persons: Donald Trump, Biden Organizations: ASML, Nvidia, ASML's, Tokyo, AMD, Marvell, Qualcomm, Broadcom, Bloomberg, CNBC, U.S . State Department, of Industry, Security, U.S . Trade Locations: U.S, ASML's Netherlands, Japan, China

☆ AMD's AI head explains how it's tackling Nvidia's 'lock-in' and the AI chip shortage
▼ + stars: | 2024-07-17 | by ( Helen Li | ) www.businessinsider.com time to read: +1 min

An AMD executive said the firm embraces open source to tackle GPU shortages and challenge Nvidia. Nvidia controls over 70% of the AI chip market, leveraging its closed CUDA software. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn AMD executive said his company is taking an open-source approach as it challenges Nvidia in the chip wars.

Persons: —, Ramine Roane Organizations: AMD, Nvidia, Meta, Microsoft, Service, Momentum, Mizuho Securities, Google, Business Locations: San Jose , California

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Costco : While Costco gets nearly 7% of its sales from China, Jim said it's unlikely its business would be threatened by geopolitics given the company's popularity in the country. Constellation Brands : There's no doubt that the Modelo and Corona parent is a less attractive stock under Trump compared with Biden. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Donald Trump, Abbott's, Reckitt Benckiser, we're, there's, it's, Biden, Dupont, Trump, Walt Disney, Nelson Peltz, Jim said, Estee Lauder, Eaton, Honeywell's, Washington that's, Eli Lilly, Roche, Eli Lilly's, Lilly, Sen, J.D, Vance of, Morgan Stanley, ChatGPT, chipmaker, Laxman Narasimhan, Stanley Black, Decker, rightsizing, Wells, Wynn, he's, Jim Cramer, Brendan McDermid Organizations: Jim Cramer's Charitable Trust, CNBC, Trump, Abbott Laboratories, AMD, Broadcom, VMWare, Costco, Coterra Energy, White, Bloomberg, Federal, Motors, Ford, GE Healthcare, Big Tech, Honeywell, Air Products, Linde, Meta, Microsoft, Investors, OpenAI, Republican, Palo Alto Networks, Palo, Procter & Gamble, Biden, Constellation Brands, Modelo, The, TJX, Wynn Resorts, Club, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: China, Dover, U.S, Washington, Vance of Ohio, Meta, Taiwan, Israel, Gaza, Corona, Wells Fargo, Macau, New York City

☆ Stocks making the biggest moves midday: Nvidia, Johnson & Johnson, Sweetgreen, GitLab and more
▼ + stars: | 2024-07-17 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Elevance expects adjusted earnings of at least $37.20 for 2024, while analysts polled by FactSet called for $37.28 per share. Second-quarter adjusted earnings and revenue came in slightly ahead of estimates. Omnicom — Shares of the corporate communications company fell 8% despite beating revenue expectations for the second quarter. Omnicom posted adjusted earnings of $1.95 per share, which came out in line with analyst forecasts polled by FactSet. Johnson & Johnson reported adjusted earnings of $2.82 per share on $24.45 billion in revenue.

Persons: Biden, ASML, Elevance, FactSet, Charles Schwab —, Cowen, Charles Schwab's, Omnicom, Datadog, Jefferies, Johnson, Johnson —, LSEG, —, Jesse Pound, Hakyung Kim, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Bloomberg News, Biden Administration, Nvidia, AMD, Taiwan Semiconductor Manufacturing, VanEck Semiconductor, Qualcomm, HSBC, Hunt Transport Services, Revenue, FactSet, Reuters, UnitedHealth, Johnson, . U.S, Bancorp, U.S . Bancorp, Corporation, UBS Locations: China, ., V.F

You can grab some of the best deals of the year on gaming laptops from Alienware, Asus, and MSI. View at AmazonThe best Prime Day Apple MacBook dealsIf you're looking to buy any of Apple's MacBook laptops, now would be the time to do it. Apple's M3 MacBook Air offers the best bang for the buck for most people with fantastic performance and quality. Most people don't need the M3 Pro or M3 Max models, unless you want them for graphically intensive work. For gaming, even though Apple has made great strides in gaming performance, there's realistically only one option — a Windows gaming machine.

Persons: it's, Apple Organizations: Business, Asus, Max, Samsung, HP, Dell, Acer, Google, Amazon, MSI, Apple MacBook, Air, MacBook, Apple, MacBook Air, Intel, AMD, AAA, Amazon Prime

View at Amazon What we like Check mark icon A check mark. High-end HDR performanceCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Supports a wide color gamutCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Persons: Sharp, OLED Organizations: Business, Dell, LG, Asus, Amazon, Amazon LG, AMD, Amazon Dell, Samsung, Amazon Prime

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Microsoft, Amazon, Advanced Micro Devices and more
▼ + stars: | 2024-07-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley raised its price target on the iPhone maker to $273 per share from $216. Morgan Stanley downgrades BP to equal weight from overweight Morgan Stanley downgraded the oil major due to "weak earnings." Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it has "increased clarity" on AI monetization. Citi names KLA Corp. a top pick Citi raised its price target on the semiconductor equipment maker to $980 from $760. Morgan Stanley downgrades Rocket Lab to equal weight from overweight Morgan Stanley said it sees a "limited catalyst path" for the space company.

Persons: Morgan Stanley, Apple, Morgan Stanley downgrades, TD Cowen, Teck, Baird, CARR, Zeta, John Donovan, AAPL, Wells, Tesla, underperform Wells, it's, Evercore, it's bullish, DDOG Organizations: Netflix, Nvidia, Devices, AMD, Citi, Electronic Arts, College Football, BMO, Teck Resources, JPMorgan, Biosciences, Zeta Global, Citi downgrades Bank of New York Mellon, Bank, New York Mellon, Apple, IOL, Amazon, UW, CIO, Susquehanna, Caesars, MGM, PENN, Bank of America, KLA Corp, OW, Department of Defense Locations: 2H24, Dell, Teck, TSLA, Las Vegas

☆ We're buying back into a chipmaker that offers a new reason to own it
▼ + stars: | 2024-07-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Shortly after the opening bell, we will be initiating a position in Advanced Micro Devices , buying 150 shares at roughly $184.35. Following the trade, Jim Cramer's Charitable Trust will own 150 shares of AMD, representing 0.80% of the portfolio. In his Sunday column, Jim called this the new reason to own AMD. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, MI300X, Lisa Su, Su, —, Ben Reitzes, Jim Cramer Organizations: Devices, AMD, Charitable Trust, Broadcom, VMWare, Oracle, Club, Microsoft, Micron, Taiwan Semiconductor Manufacturing Company, Nvidia, Silo, Melius, FactSet, IDC, Gartner, CNBC Locations: Europe, Wednesday's Homestretch

For Nvidia CEO Jensen Huang, being almost the only game in town for AI chips isn't enough. AdvertisementThe company also runs Nvidia Inception, an incubator and venture network that counts more than 20,000 early-stage companies among its membership. "I think it's crazy," said another founder whose company received investment from NVentures, who spoke on condition of anonymity. Any company trying to do anything major in AI has spent the past two years buying them by the truckload. AdvertisementHe says he's received personal calls from Huang in which the Nvidia CEO weighs in on company decisions or expresses disapproval of his public statements.

Persons: Jensen Huang, Chris Brown, Brown, Huang, Vishal Bhagwati, Sid Siddeek, Jensen, Umesh, Padval, Uber, Nvidia's, Lisa Su, he's, there's Organizations: Service, Nvidia, Business, Corporate, Cohere's, Google, AMD Locations: Silicon Valley, New York, NVentures, OpenAI

☆ The CEO of Cerebras, which could go public soon, takes on Nvidia in a David and Goliath battle for AI chip supremacy
▼ + stars: | 2024-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Few would envy the task of competing against market leader Nvidia, which has between 70% and 90% market share, according to Mizuho Securities. Still, Nvidia gets most of the hype — and the revenue. Though the company will not confirm it, The Information reported last month that Cerebras has confidentially filed for an IPO. Still, Feldman expects that even consumer-directed AI models will grow larger, and larger models need faster chips. Competing with that mindshare is an uphill battle as Nvidia faces more competition and goes on defense.

Persons: —, Andrew Feldman, I'm, Feldman, Cerebras, David, He's, Cerebras's, Ramsey Cardy Cerebras, Susan Organizations: Service, Palo, Nvidia, Mizuho Securities, Business, Big Tech, Intel, Google, AMD, GSK, AstraZeneca, IBM, Eclipse Ventures Locations: California, Palo Alto , California, It's

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