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.) Stocks fizzle: Wall Street was enjoying …
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 …
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 …
Published: Jan. 3, 2024 at 2:59 p.m. ET GSI Technology Inc. has been awarded a $1.1 million contract to develop an artificial-intelligence chip for the Department of the Air Force, the company announced Wednesday. The chip will be used for in-aircraft search and rescue, object detection, moving-target indication and change detection, GSI GSIT said. As …
Propelled by the artificial intelligence craze, 2023 has been a banner year for chipmaker stocks. So far this year, the PHLX Semiconductor Sector index has added nearly 64%, versus the S & P 500 ‘s 24% rise. These gains have largely been driven by Nvidia , up an eye-watering 236% this year. Shares of Advanced …
Non-artificial intelligence tech stocks that have struggled in 2023 have significant upside potential in 2024, according to Morgan Stanley. The investment bank’s tech analysts say that while AI and cloud computing stocks will likely continue to grow, their valuations are very high. AI chip maker Nvidia ‘s stock — after rising by 230% this year …
Signage is displayed outside the Broadcom offices on June 7, 2018 in San Jose, California. Justin Sullivan | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they …