CNBC Daily Open: Nvidia fell, but that may be a good thing
It’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Hong Kong leads Asia markets climb after U.S. data calms recession fears; Australia nears all time high
Jobless claims fell slightly compared to August, while U.S. second-quarter GDP was revised upwards to 3% from 2.8%.
Morgan Stanley is bullish on these global stocks from a corner of the semiconductor sector
“We remain optimistic about the bonder market due to a combination of cyclical and secular tailwinds,” Morgan Stanley’s analysts wrote.
It’s too late to buy utilities — a red-hot AI play — except for 2 stocks, says top Morningstar strategist
Morningstar’s Dave Sekera singled out two utilities stocks he says are still somewhat undervalued compared with Morningstar’s fair value estimate.
Stocks close higher Friday, S&P 500 posts fourth straight winning month: Live updates
Traders digested the release of the personal consumption expenditures price index for July.
Lululemon cuts guidance, misses sales estimates after botched product launch
Lululemon’s growth in its largest market, the Americas, has slowed from the highs it saw last year as it contends with product rollout challenges.
Data center capacity in the Asia-Pacific region could double in about six years, BofA says — Stocks to play it
Hyperscalers like Amazon and Google are rapidly expanding their cloud infrastructure hubs across the Asia Pacific, which is seeing strong AI data center demand.
Bitcoin drifts back to $60,000, trimming the week’s losses: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry….
Intel CEO Gelsinger says he respects ‘skepticism’ from investors as chipmaker’s struggles persist
CEO Pat Gelsinger acknowledged investors’ concerns about the chipmaker at an event on Thursday.
Affirm shares have best day in three years, surge 32% after earnings beat
Affirm shares soared Thursday after the provider of buy now, pay later loans reported better-than-expected quarterly results.
