2024 has gotten off to a sizzling start in the stock market. The S&P 500 is up 7%, while the tech-heavy Nasdaq Composite has rallied 6% as artificial intelligence (AI) euphoria continues to dominate. One company that seems to have lost its groove, however, is Snowflake (NYSE: SNOW). Shares of the database management company are …
Excitement surrounding breakthroughs in artificial intelligence (AI) have led to major gains in the stock market over the last year. The tech-heavy Nasdaq Composite surged 43% in 2023, and is up 8% already so far this year. Much of these gains, however, can be attributed to a small cohort of stocks collectively known as the …
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. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Taking a breather: Stocks were mixed …
Disney (DIS) secured yet another key backer in its high-profile battle against activist investor Nelson Peltz. In a paper published on Monday and viewed by Yahoo Finance, proxy advisory firm Glass Lewis recommended shareholders support the company’s current board and withhold votes for the nominees put forth by Peltz’s Trian Fund Management and fellow activist …
US stocks rose on Monday ahead of a key Federal Reserve rate decision, as investors set aside worries about stalled interest rates to focus on hopes around AI developments. The benchmark S&P 500 (^GSPC) added roughly 0.8%, while the tech-heavy Nasdaq Composite (^IXIC) led the way higher more than a 1% gain. The Dow Jones …
The euphoria surrounding artificial intelligence (AI) played a major in the Nasdaq Composite‘s 43% return last year. Indeed, investor enthusiasm for AI has carried over into 2024 — helping fuel the S&P 500 to record levels. While each member of the “Magnificent Seven” is playing a role in AI development, several companies in this cohort …
Jonathan Raa | Nurphoto | Getty Images 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. Like what you see? You can subscribe here. Markets positive Wall Street hit another record on Friday as …
Growth investors went through a tough stretch in 2022 that saw the Nasdaq Composite fall more than 35% at its low. That feels like the distant past after the technology-heavy index roared back in 2023 with 43% gains. It now trades just 2.5% from its all-time high. History indicates investors could be in for more …
The Wall Street Journal reports OpenAI CEO Sam Altman is hot on the fundraising trail, courting governments in the Middle East, among others, for a venture focused on making the chips needed to fulfill his vision of the AI revolution. And to call this vision “capital intensive” is an undersell. The Journal reports Altman sees …
After a year of spectacular gains, the stock market seems to be taking a breather to kick off the new year. Investors are justifiably cautious after the Nasdaq Composite (NASDAQINDEX: ^IXIC) notched gains of 43% last year. Given those stellar gains, investors are left to wonder if the current rally still has legs — and …