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CrowdStrike
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https://www.cnbc.com/2025/08/28/wall-street-analysts-calls-thursday-include-nvidia.html?&qsearchterm=CrowdStrike
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Here are Thursday's biggest analyst calls: Nvidia, Tesla, Wynn, Broadcom, FedEx, Five Below, Snowflake, CrowdStrike, & more
| 2025-08-28T00:00:00
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Here are the biggest calls on Wall Street on Thursday: Goldman Sachs reiterates Snowflake as buy Goldman says the stock is best-in-class following earnings. "We reiterate our Buy rating and raise our PT to $260 ($230 prior) as we credit Snowflake's best-in-class Rule-of profile with 30%+ Revenue Growth and 25%+ [free-cash flow model.]" Bank of America reiterates Nvidia as buy Bank of America says Nvidia remains a top idea and has "EPS power" following the release of its latest earnings on Wednesday. "We reiterate Buy on top sector pick NVDA as we believe it remains solidly positioned to maintain its 80%+ share in the fastest growing and most attractive global AI infrastructure buildout, along with industry leading 45%+ FCF margins and valuation at ~1x earnings growth rate." Read more. Oppenheimer reiterates Broadcom as outperform The investment bank says it's sticking with Broadcom ahead of earnings on September 4. "Reiterate Outperform with new $325 target (prior $305)." Wells Fargo reiterates CrowdStrike as overweight Wells says the cyber security company is firing on all cylinders, as evidenced by its latest quarterly results. "CrowdStrike delivered solid results in 2Q26, highlighted by net new [annual recurring revenue] returning to growth one quarter earlier than expected." Needham initiates Oddity Tech at buy Needham says the beauty and wellness platform is a disruptor. "We initiate coverage of Oddity (ODD) with a Buy rating & $72 PT." Oppenheimer upgrades Green Plains to outperform from perform Oppenheimer says the commodity company's balance sheet is strengthening. "We are upgrading shares of GPRE to Outperform from Perform and instating a $14 price target." JPMorgan reiterates Hewlett Packard as overweight JPMorgan says it's sticking with the stock following earnings on Wednesday. "In our view, HPQ will push the wall of investor worries relative to a potential slowdown in the PC market (following a pull-forward led by tariff worries) as well as concerns relative to delivering to robust Print margins in the face of higher competition, with its latest F3Q results managing to deliver on both fronts as well as keep its full-year outlook intact following the lowered expectations last quarter." UBS upgrades Wynn to buy from neutral UBS says it's bullish on the company's resort project in the United Arab Emirates. "We raise Macau estimates and upgrade WYNN to Buy from Neutral predicated on those higher estimates and a more bullish view on WYNN's Al Marjan resort, a view we believe the market will come to share after WYNN's December investor day." Read more. BMO initiates Service Titan at outperform BMO says the software company is expanding its markets share. "We are initiating coverage of ServiceTitan (TTAN), a business operations and field service software platform built to help run diverse trades businesses, from HVAC to plumbing and more, with an Outperform rating and $129 target." Deutsche Bank upgrades Venture Global to buy from neutral Deutsche says it's bullish on the LNG company following a meeting with management. "While Venture Global is best known for its approach in using factory-built, mid-scale liquefaction trains, we think that this barely scratches the surface of how the Company is differentiating its simultaneous commissioning and construction process." Jefferies initiates Acuren at buy Jefferies says shares of the industrial engineering company have more room to run. "We're initiating coverage on Acuren (TIC) with a Buy rating/$16 PT." UBS reiterates FedEx as buy The investment bank raised its price target on the package delivery play to $297 per share from $293. "FDX has cost savings and pricing actions which should support sequential improvement but we note the 3Q consensus EPS expectation reflects significantly better than normal seasonality." TD Cowen reiterates Tesla as buy TD Cowen says it's sticking with shares of Tesla. "Both bull & bear cases have merit, but we're tactically bullish on several potentially consequential catalysts this year. (EV launches, AV eyes-off deployments, robotics) amid poor sentiment." Telsey upgrades Five Below to outperform from market perform Telsey says the retailer's transformation is "gaining traction," as displayed in its latest earnings. " Five Below's business inflected in 1H25, and we believe this strong business momentum should continue in 2H25 and ahead." Bank of America upgrades International Paper to buy from neutral The firm says the paper and corrugated cardboard company has pricing power. "We move to Buy on International Paper and now have Buys across our three c'board companies. As 2Q commentary suggested, there is important execution risk with IP, and consensus is muddied by its pulp divestiture. However, operating rates will now be over 95% in 2026 and we add another $40/ton to pricing for 3Q26 to our existing $40/ton increase in 1Q26 – our average $60/ton increase exceeds consensus."
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CrowdStrike
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https://www.cnbc.com/2025/08/27/stocks-making-the-biggest-moves-after-hours-nvda-snow-crwd-and-more.html?&qsearchterm=CrowdStrike
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Stocks making the biggest moves after hours: Nvidia, Snowflake, CrowdStrike and more
| 2025-08-27T00:00:00
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Check out the companies making headlines in after-hours trading. Nvidia – Shares of the chip giant fell more than 3%. The company's second-quarter results beat on the top and bottom lines, posting adjusted earnings of $1.05 per share and $46.74 billion in revenue. That's compared with the $1.01 per share and $46.06 billion, respectively, that analysts surveyed by LSEG were anticipating. Data center revenue tallied $41.1 billion. Although that marked a 56% increase year over year, it missed the StreetAccount estimate of $41.34 billion. Snowflake – Shares jumped about 12% on the heels of the data cloud and artificial intelligence company posting better-than-expected second-quarter results. Snowflake earned 35 cents per share, after adjustments, on revenue of $1.14 billion, above the profit of 27 cents per share and $1.09 billion in revenue that analysts were expecting. Its third-quarter guidance was also upbeat. NetApp – The stock fell more than 6% after the intelligent data infrastructure company's first-quarter results just barely beat expectations. The company earned $1.55 per share, excluding items, and $1.56 billion in revenue, while analysts were looking for $1.54 per share and $1.55 billion in revenue, according to LSEG. Its outlook was also roughly in line with analyst estimates. CrowdStrike Holdings – The cybersecurity provider tumbled almost 8% postmarket after its second-quarter non-GAAP operating margin reached 21.8%, down from 23.5% a year ago, according to FactSet. While second-quarter results topped Street estimates, CrowdStrike said third-quarter revenue would total $1.21 billion to $1.22 billion, lower than the LSEG consensus estimate of $1.23 billion. Urban Outfitters – The apparel retailer's stock tumbled nearly 8% despite fiscal second-quarter results that were better than expected. The company earned $1.58 per share, or 10 cents more than Wall Street predicted. Revenue of $1.5 billion topped the $1.48 billion estimate, with growth at both its Free People and Anthropologie brands. Urban's stock has climbed more than 42% year to date. Pure Storage – The data management company's stock shot up more than 13% after fiscal second-quarter results solidly outpaced estimates. Pure Storage earned 43 cents per share, excluding items, on revenue of $861 million. Analysts surveyed by LSEG predicted the company would earn 39 cents per share on $847 million in revenue. Nutanix – The cloud computing company's stock fell 5% despite reporting fiscal fourth-quarter results that topped estimates. Nutanix said it expects first-quarter revenue to be between $670 million and $680 million, compared with an LSEG estimate of $679 million. It projected revenue for the fiscal year of $2.9 billion to $2.94 billion, while analysts estimated $2.92 billion on average. — CNBC's Christina Cheddar Berk and Scott Schnipper contributed reporting.
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Medtronic
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https://www.cnbc.com/2025/08/23/medtronic-makes-two-key-additions-to-its-board-how-activist-elliott-can-build-shareholder-value.html?&qsearchterm=Medtronic
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Medtronic makes two key additions to its board. How activist Elliott can build shareholder value
| 2025-08-23T00:00:00
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Activist: Elliott Investment Management
Ownership: n/a
Average Cost: n/a
Activist Commentary: Elliott is a very successful and astute activist investor. The firm's team includes analysts from leading tech private equity firms, engineers, operating partners – former technology CEOs and COOs. When evaluating an investment, the firm also hires specialty and general management consultants, expert cost analysts and industry specialists. Elliott often watches companies for many years before investing and has an extensive stable of impressive board candidates. The firm has historically focused on strategic activism in the technology sector and has been very successful with that strategy. However, over the past several years its activism group has grown, and Elliott has been doing a lot more governance-oriented activism and creating value from a board level at a much larger breadth of companies.
What's happening
On Aug. 19, Medtronic PLC announced the appointment of John Groetelaars (former interim CEO of Dentsply Sirona and former president and CEO of Hillrom) and Bill Jellison (former vice president, CFO of Stryker) to the board following engagement with Elliott. Further, the board announced the formation of the Growth Committee and the Operating Committee. Jellison will serve on both, while Groetelaars will join the Growth committee.
Behind the scenes
Medtronic is the largest medtech company in the world by revenue, with a history of medtech innovation and market leadership dating back to the 1940s. While its cardiology segment remains its legacy core business (37% of revenue), Medtronic is now a diversified operator, with its other segments including Neuroscience (29%), Medical Surgical (25% and largely built from their acquisition of Covidien, which closed in 2015) and Other (9%, primarily diabetes treatment). Despite this positioning as a one-stop shop for medical devices, Medtronic's stock price has stagnated – appreciating just 15% over the past decade and down 8% in the last five years.
This stock performance underscores long-term investor frustration in Medtronic's growth profile. Investors have been long waiting for a growth inflection due to the company's attractive end markets and scale, but Medtronic has been delivering underwhelming mid-single digit revenue growth for the past 10 years. Many have speculated that Medtronic's growth has disappointed due to its strategy of diversification. While Medtech peers like Boston Scientific and Intuitive Surgical are pursuing depth rather than diversification, executing tuck-in merger and acquisitions, and building scale in focused markets, Medtronic has sat on the sidelines since the Covidien acquisition, leaving it with a larger – but slower growing revenue base than peers.
However, for the first time in many years management is sending a message to the market that it not only acknowledges this issue, but it's doing something about it. That message comes in the form of establishing a Growth Committee and adding as a member newly appointed director Bill Jellison (former vice president and CFO of Stryker). Notably, these actions were taken following engagement by Elliott. The Growth Committee is oriented towards portfolio management, including finding tuck-in M&A opportunities to supplement organic growth, allocating research and development more effectively, and reviewing its existing portfolio of businesses for inefficiencies to pursue future asset sales. Jellison will be a value-added director to that end. In addition, Elliott has shown that even without a board seat for an Elliott principal it can be a valuable active shareholder, particularly with evaluating and executing M&A opportunities.
Medtech has also seen margin challenges in recent years and management is also addressing that by forming an Operating Committee. This committee is focused on creating room in the P&L and gross margin expansion. As is the case with most MedTech businesses, Medtronic has been under a lot of bottom-line pressure since the Covid-19 pandemic. However, while peers have generally experienced 100 to 200 basis points of margin pressure, Medtronic's gross margins (now around 65%) have eroded approximately 500 bps. This is another area where we have seen Elliott assist portfolio companies as an active shareholder.
While these two committees are new, they will be able to start with a little momentum. Medtronic announced in May that it will be spinning off its diabetes business within the next 15 months, which should help the company focus on its core businesses. There are also two product developments that could meaningfully contribute to long-term growth: (i) PulseSelect, a pulse field ablation system used to treat atrial fibrillation, launched in the U.S. in 2024 and has grown rapidly over the course of this year; and (ii) Symplicity Spyral, a renal denervation product used for the treatment of hypertension, recently received a favorable reimbursement decision from the Centers for Medicare & Medicaid Services that's being finalized in October, which should significantly increase access and adoption of the product. While these product developments are certainly reasons to be optimistic, more important to shareholders like Elliott is a professional and sophisticated process, and with these operational and governance changes, shareholders should be confident that the company finally has a process that can deliver long-term growth. To paraphrase from the book "Built to Last: Successful Habits of Visionary Companies," it is the difference between being a time teller and a clock builder. The most successful and enduring companies have been clock builders.
Elliott is one of today's most prolific activist investors, and it has already successfully completed the activist phase of this engagement. Now is the time for phase two: a turnaround of the business. Elliott has helped add two directors to the board who are purpose-built for this situation. Both Jellison and Groetelaars have extensive medtech experience, with Jellison having served on the boards of two other medtech companies as the result of activist engagement – Masimo for Politan Capital and Anika Therapeutics for Caligan Partners. What makes this engagement unique is that Elliott did not enter into any formal agreement with Medtronic, signaling that management did not see it as necessary and that Elliott is supportive of its efforts. While presently the stage is set for a long-term mutually beneficial relationship between the two parties, Elliott has put itself in position to have unique flexibility should things not go as planned, but we do not expect that they will have to rely on that contingency.
Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments.
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Medtronic
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https://www.cnbc.com/2025/08/20/stocks-making-the-biggest-moves-midday-tgt-intc-mdt-pltr-lzb.html?&qsearchterm=Medtronic
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Stocks making the biggest moves midday: Target, Intel, Medtronic, Palantir, La-Z-Boy and more
| 2025-08-20T00:00:00
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Here are some of the stocks posting the biggest moves in midday trading Wednesday. Palantir Technologies — The defense technology company headed for a sixth consecutive losing day, dropping more than 2% on Wednesday. If Palantir closes in negative territory, that will mark its first six-day losing run since April 2024. Shares have more than doubled in 2025. Medtronic — The medical device company saw shares pop 4% after giving guidance that was better than hoped. For the 2026 fiscal year, the company sees a tariff impact of about $185 million, down from its earlier range of roughly $200 million to $250 million. Medtronic also lifted its non-GAAP guidance for the year to a range of $5.60 to $5.66 per share, up from its earlier call for $5.50 to $5.60 per share and topping the FactSet consensus of $5.55 per share. Avis Budget — Shares of the car rental company slipped 5%. Bank of America downgraded Avis to underperform from buy. "We think that CAR fundamentals and the macro environment don't support the current stock price which significantly outperformed the market in June," the firm said. UnitedHealth — The health insurance giant headed for back-to-back losing sessions, dropping more than 2%. Shares have been cooling from last week's pop, which was driven by news that Warren Buffett's Berkshire Hathaway revealed a stake of 5 million shares in UnitedHealth. Target — The big-box retailer sank 7% after announcing CEO Brian Cornell will be replaced by Chief Operating Officer Michael Fiddelke on Feb.1. Target also posted a second-quarter earnings and revenue beat, although its sales and traffic declined, and reiterated its full-year outlook. Estée Lauder — Shares tumbled nearly 5% after the beauty company said it expects tariff-related headwinds to affect profitability for its fiscal 2026 year by about $100 million. Estée Lauder also guided for fiscal 2026 adjusted earnings per share in a range below FactSet's consensus estimate, and for fiscal 2026 year-over-year revenue growth of 2.5%, less than the expected 2.6%. Hertz — The car rental company jumped 5% after announcing it will begin selling pre-owned vehicles on Amazon Autos. The offering will be available beginning in four city areas as soon as Wednesday and will expand to 45 locations nationwide. Analog Devices — The stock rose 4% following the semiconductor company's earnings beat. Analog Devices reported third-quarter adjusted earnings of $2.05 per share on revenue of $2.88 billion. Analysts polled by LSEG had expected earnings per share of $1.95 on revenue of $2.77 billion. TJX — The stock rose 3% after the discount retailer reported second-quarter results that exceeded expectations. TJX posted earnings of $1.10 per share on revenue of $14.40 billion. Analysts polled by LSEG had expected earnings per share of $1.01 on revenue of $14.13 billion. La-Z-Boy — Shares slid 12% after the manufacturer of recliners posted earnings of 47 cents per share, excluding items, in the fiscal first quarter, missing the consensus estimate from analysts polled by FactSet of 53 cents. The company also gave weaker-than-expected guidance for current-quarter revenue. Alcon — U.S.-listed shares of the Swiss-based eye-care company shed 9%. Alcon's second-quarter revenue of $2.58 billion came in below the $2.62 billion expected from analysts polled by FactSet. The company also lowered its full-year revenue guidance. Upstart — The online lender added almost 3% on the back of an upgrade at JPMorgan to overweight from neutral. The firm said the improved macroeconomic outlook is positive for seasoned fintech leaders and believes Upstart offers the best risk/reward. Chip companies — Shares of some chips manufacturers moved lower following a Reuters report that the Trump administration is considering taking equity stakes in those companies that receive funding from the CHIPS Act. Micron sank 5%, while Intel tumbled 7%. Taiwan Semiconductor Manufacturing lost 2% and AMD fell 2%. — CNBC's Alex Harring, Sarah Min, Lisa Han and Michelle Fox contributed reporting.
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Medtronic
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https://www.cnbc.com/video/2025/08/19/activist-investor-elliott-push-spurs-changes-at-medtronic.html?&qsearchterm=Medtronic
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Activist investor Elliott push spurs changes at Medtronic
| 2025-08-19T00:00:00
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Activist investor Elliott push spurs changes at Medtronic
Medical device maker Medtronic is making changes to its board after Elliott Investment Management became one of its largest shareholders. CNBC's David Faber breaks down the details.
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Medtronic
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https://www.cnbc.com/video/2025/05/21/medtronic-ceo-more-companies-are-spinning-off-problems-were-spinning-off-an-attractive-asset.html?&qsearchterm=Medtronic
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Medtronic CEO: More companies are spinning off problems, we're spinning off an attractive asset
| 2025-05-21T00:00:00
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In this video
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Medtronic CEO: More companies are spinning off problems, we're spinning off an attractive asset
Geoff Martha, Medtronic CEO, joins 'Money Movers' to discuss the company's spinoff plans, growth strategy and surgical robotics.
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Medtronic
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https://www.cnbc.com/2024/11/13/beverly-hills-surgeon-sues-medtronic-for-patent-infringement.html?&qsearchterm=Medtronic
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Beverly Hills surgeon sues Medtronic for patent infringement
| 2024-11-13T00:00:00
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Dr. Shirin Towfigh thought she had designed a medical device that would revolutionize hernia care for women. Now, Towfigh is suing Medtronic, a global leader in medical devices, accusing the company of stealing her patented design.
A Beverly Hills surgeon with over 22 years of experience, Towfigh says she discovered that a significant number of her hernia patients experiencing post-surgery complications were women — and that most mesh designs on the market were primarily tailored to the male anatomy.
In 2016, she filed for an international patent to protect a new design aimed at improving outcomes for patients.
In a lawsuit filed in U.S. District Court in Delaware on Tuesday, the latest in a series of patent challenges against Medtronic, Towfigh accuses the medical device company of stealing her design after the parties met in 2015 and signed a mutual non-disclosure agreement. In 2016, Towfigh says she visited Medtronic's manufacturing site in France to discuss a potential collaboration and her patent-pending product.
In May 2017, Medtronic filed its own hernia mesh patent for a product that Towfigh says closely resembles her design.
"I expected a publicly traded company to have a more ethical approach about it, and that's not what I experienced," Towfigh said in an interview with CNBC.
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Medtronic
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https://www.cnbc.com/2025/02/18/stocks-making-the-biggest-moves-premarket-luv-mdt-snow-bbwi.html?&qsearchterm=Medtronic
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Stocks making the biggest moves premarket: Southwest, Medtronic, Snowflake, Bath & Body Works and more
| 2025-02-18T00:00:00
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Check out the companies making headlines in premarket trading: Delta Air Lines — Shares retreated 0.8% after a Delta flight from Minnesota to Toronto crashed on landing Monday afternoon. At least 18 people were reported injured, according to local officials. Southwest Airlines — The value-focused carrier popped 2.4% after Southwest said it would cut 15% of its corporate workforce — a move that CEO Bob Jordan called "unprecedented." Fluor — The engineering stock tumbled 5.5% on the back of weak fourth-quarter results and guidance for full-year earnings. Fluor earned 48 cents per share, excluding items, on $4.26 billion in revenue during the fourth quarter. Analysts surveyed by FactSet expected 78 cents a share and $4.42 billion in earnings and revenue. Medtronic — Shares fell 2.5% after the medical device maker reported disappointing quarterly revenue, even as it exceeded estimates for earnings, thanks to strong demand for its heart and diabetes products. Medtronic posted adjusted earnings of $1.39 per share on revenue of $8.29 billion for the third quarter. Analysts polled by FactSet expected earnings of $1.36 per share, excluding items, on revenue of $8.33 billion. Snowflake – The stock rose almost 3% after receiving an upgrade to outperform from peer perform at Wolfe Research. The firm pointed to better consumption trends as a catalyst for growth and believes the data analytics software maker will report "solid" fourth-quarter results next week. Bath & Body Works — The fragrance retailer popped nearly 4% following an upgrade to overweight from neutral at JPMorgan. Analyst Matthew Boss cited expanding operating margins and visible shareholder returns as catalysts for the upgrade. Venture Global — Shares of the liquified natural gas provider, which went public in late January, rose 3.7% on the heels of several Wall Street initiations. Goldman Sachs and Bank of America both opened coverage with buy ratings, while JPMorgan kicked things off with an overweight rating. RBC Capital Markets and Mizuho both have outperform ratings. Altice USA — The broadband and video services provider moved 5% higher following an upgrade at Raymond James to outperform from market perform. The firm believes operational changes made by management can show tangible results in the next 18 months. Tapestry — The apparel stock rose more than 2% after an upgrade to buy at Redburn Atlantic. Tapestry's Coach brand still has momentum after a strong 2024, and the investment firm sees further margin improvement. — CNBC's Lisa Kailai Han, Sean Conlon, Jesse Pound, Michelle Fox and Pia Singh contributed reporting.
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Medtronic
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https://www.cnbc.com/video/2025/01/13/medtronic-ceo-geoff-martha-sits-down-with-jim-cramer.html?&qsearchterm=Medtronic
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Medtronic CEO Geoff Martha sits down with Jim Cramer
| 2025-01-13T00:00:00
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Medtronic CEO Geoff Martha sits down with Jim Cramer
Medtronic CEO Geoff Martha joins 'Mad Money' host Jim Cramer at the JPMorgan Healthcare Conference to talk its Parkinson's treatment, partnering with SpaceX, products in the pipeline, and more.
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Medtronic
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https://www.cnbc.com/video/2024/09/09/medtronic-ceo-goes-one-on-one-with-jim-cramer.html?&qsearchterm=Medtronic
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Medtronic CEO goes one-on-one with Jim Cramer
| 2024-09-09T00:00:00
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Medtronic CEO goes one-on-one with Jim Cramer
Geoff Martha, Medtronic chairman and CEO, joins 'Mad Money' host Jim Cramer to talk quarterly results, utilizing AI in healthcare, and more.
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Medtronic
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https://www.cnbc.com/video/2024/08/20/medtronic-ceo-strong-single-digit-earnings-ahead-as-forex-impact-fades-in-the-second-half.html?&qsearchterm=Medtronic
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Medtronic CEO: Strong single-digit earnings ahead as forex impact fades in the second half
| 2024-08-20T00:00:00
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Medtronic CEO: Strong single-digit earnings ahead as forex impact fades in the second half
Geoff Martha, Medtronic CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, where the company's business is toughest, and much more.
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Medtronic
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https://www.cnbc.com/video/2024/06/07/medtronic-ceo-geoff-martha-goes-one-on-one-with-jim-cramer.html?&qsearchterm=Medtronic
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Medtronic CEO Geoff Martha goes one-on-one with Jim Cramer
| 2024-06-07T00:00:00
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Medtronic CEO Geoff Martha goes one-on-one with Jim Cramer
Medtronic Chairman and CEO Geoff Martha joins 'Mad Money' host Jim Cramer to talk its latest breakthrough in chronic pain treatment.
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Comcast
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https://www.cnbc.com/2025/09/29/comcast-roberts-cavanagh-co-ceos.html?&qsearchterm=Comcast
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Comcast names Mike Cavanagh as co-CEO alongside Brian Roberts
| 2025-09-29T00:00:00
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(L-R) Michael Cavanagh, then-chief financial officer of Comcast, talks with Brian Roberts, chief executive officer of Comcast, as they arrive for the annual Allen & Company Sun Valley Conference, July 9, 2019 in Sun Valley, Idaho.
Comcast announced Monday it's named Mike Cavanagh as co-CEO alongside longtime leader Brian Roberts, starting in January.
Cavanagh, who currently serves as president, will also be named to the Comcast board of directors at that time. Roberts will remain as chairman and co-CEO of the company.
"Since joining Comcast a decade ago, Mike has proven himself to be a trusted and collaborative leader," Roberts said in a statement. "He is the ideal person to help lead Comcast as we manage the pivot we are making to drive growth across the company. Mike and I work seamlessly together, and I am thrilled to be partnering with him as Co-CEO and with the rest of our talented management team, for years to come."
Cavanagh previously served as chief financial officer of the cable giant, which consists of a broadband, cable TV and mobile company as well as NBCUniversal. Before Comcast, Cavanagh was co-CEO of JPMorgan's corporate and investment bank.
"Comcast is a special company with exceptional businesses and an incredible team. It is an honor to work with Brian and the entire Comcast NBCUniversal leadership team during this exciting and transformative time in our industry," Cavanagh said in a statement.
Comcast shares were essentially flat in early trading Monday following the announcement. The stock is down about 15% so far this year. During Cavanagh's tenure as president, from October 2022 to today, Comcast shares have gained about 9%.
Cavanagh has long been considered heir apparent to Roberts by industry insiders, CNBC reported this year.
In 2022 he was promoted to president of Comcast and months later his role expanded when Jeff Shell exited his role as CEO of NBCUniversal. Cavanagh took over direct leadership of the company's TV, film and theme park units, although was never officially named CEO of NBCUniversal.
Since then he has embedded in the NBCUniversal business and has overseen a number of changes at the division, including a restructuring and most notably NBCUniversal's spinout of its cable TV networks, including CNBC, MSNBC and the Golf Channel.
The company's new corporate leadership structure mirrors that of Netflix , the runaway leader in streaming.
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Comcast
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https://www.cnbc.com/2025/09/18/comcast-versant-annual-profit-public.html?&qsearchterm=Comcast
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Comcast spinoff Versant reports declining annual profit as it prepares to go public
| 2025-09-18T00:00:00
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Versant, Comcast's spinoff of the majority of its NBCUniversal cable network portfolio, is gearing up to go public.
The new entity will trade on the Nasdaq under the ticker "VSNT" after the separation, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors also became privy to more of Versant's financials.
According to the filing, Versant's revenue has been on the decline in recent years. Last year, the assets housed under Versant generated $7 billion in revenue. That's down from $7.4 billion in 2023 and $7.8 billion in 2022.
Net income attributable to Versant was $1.4 billion last year, down from $1.5 billion in 2023 and $1.8 billion in 2022.
Cable networks and traditional media companies have faced financial pressures as viewers have migrated from the traditional pay TV bundle to streaming platforms, diminishing ad spending within the market.
Comcast's decision to put the likes of USA, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel into a new company was to isolate the declining cable business from the more profitable internet and streaming services. Versant could then be solely focused on how to evolve its brands to compete in a streaming-dominated media landscape.
Thursday's filing detailed that about 65 million households get some form of cable.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast's planned spinoff of Versant.
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Comcast
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https://www.cnbc.com/video/2025/09/18/comcast-spinoff-versant-media-to-trade-on-nasdaq-under-ticker-vsnt.html?&qsearchterm=Comcast
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Comcast spinoff Versant Media to trade on Nasdaq under ticker 'VSNT'
| 2025-09-18T00:00:00
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Comcast spinoff Versant Media to trade on Nasdaq under ticker 'VSNT'
CNBC's Julia Boorstin joins 'Fast Money' with news on Versant Media's expected listing on the Nasdaq. Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast's planned spinoff of Versant.
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Comcast
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https://www.cnbc.com/video/2025/08/28/amazons-mike-hopkins-on-amazon-comcast-deal-media-landscape-and-streaming-wars.html?&qsearchterm=Comcast
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Amazon's Mike Hopkins on Amazon-Comcast deal, media landscape and streaming wars
| 2025-08-28T00:00:00
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In this video
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Amazon's Mike Hopkins on Amazon-Comcast deal, media landscape and streaming wars
CNBC’s Julia Boorstin with Amazon’s head of Prime video Mike Hopkins, join 'The Exchange' to discuss Amazon and Comcast's streaming deal, industry outlook and more.
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Comcast
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https://www.cnbc.com/2025/08/18/comcast-versant-rename-msnbc-peacock-logos.html?&qsearchterm=Comcast
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Versant to rename MSNBC, drop famed peacock logos in Comcast separation
| 2025-08-18T00:00:00
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MSNBC will change its name later this year and drop the storied peacock image from its branding — the first real public-facing changes in Versant's upcoming separation from Comcast's NBCUniversal.
The political news network will be renamed My Source News Opinion World, or MS Now, Versant Chief Executive Officer Mark Lazarus wrote in an internal memo to employees that was seen by CNBC.
In January, Lazarus told a group of MSNBC staffers that the network wouldn't change its name. But during the past few months of transition planning, NBCUniversal leaders decided MSNBC should take on a new name "to accelerate the distinction between the MSNBC and NBC News organizations," Lazarus wrote in the memo Monday.
MSNBC President Rebecca Kutler added in her own note to employees that the news group's focus won't change.
"While our name will be changing, who we are and what we do will not. Our commitment to our work and our audiences will not waiver from what the brand promise has been for three decades," she wrote.
MSNBC has been undergoing aggressive hiring for about 100 new positions to stand up its own newsroom independent from NBC News. The network has already hired about 40 journalists from CNN, Bloomberg, Politico and other news organizations to establish its first-ever Washington, D.C., bureau.
"During this time of transition, NBCUniversal decided that our brand requires a new, separate identity," Kutler wrote. "This decision now allows us to set our own course and assert our independence as we continue to build our own modern newsgathering operation."
While MSNBC and NBC News will have duplications in coverage, CNBC's news organization is already separate enough from NBC News that executives decided it didn't need a name change. Also, technically, the "NBC" in "CNBC" never stemmed from National Broadcasting Co. Rather, CNBC stands for "Consumer News and Business Channel."
Still, CNBC will likewise be getting a new logo without the famed NBCUniversal peacock. This will be true for all of Versant's brands that have a peacock in the logo. Sports content on the USA Network and Golf Channel will be branded together under USA Sports. Digital companies GolfNow and SportsEngine will also change their logos.
The MSNBC name change and the new logos will all be introduced before the end of the year, when Versant plans to spin out as a publicly traded company.
MSNBC will soon kick off a national marketing campaign to accompany the launch of the new name, "unlike anything we have done in recent memory," Kutler noted in her memo Monday.
MSNBC is the second-most watched cable news network, averaging 1.2 million prime-time viewers year to date. The network has 28 on-air anchors, 21 correspondents and reporters, and provides more than 120 hours of live programming each week.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC under the proposed spinoff.
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Comcast
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https://www.cnbc.com/2025/07/31/comcast-cmcsa-earnings-q2-2025.html?&qsearchterm=Comcast
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Comcast earnings top analyst estimates despite broadband customer losses
| 2025-07-31T00:00:00
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Comcast beat Wall Street estimates on Thursday for second-quarter earnings and revenue. Yet the company saw a loss of broadband customers even as it shifted its market strategy for the segment.
Comcast and its cable peers have been suffering from a slowdown in broadband growth, which has impacted company stocks.
Still, Comcast stock was up about 3% in early trading as the company reported fewer-than-expected broadband subscriber losses, based on StreetAccount estimates. On an earnings conference call, Comcast executives mapped out initiatives that were introduced earlier this year meant to drive the broadband business.
"While it's still early days, we like what we are seeing in our broadband business. It's giving us confidence in the change that we've made and what's still ahead," said Mike Cavanagh, Comcast president.
Here's how Comcast did in its second quarter compared with Wall Street estimates, according to LSEG:
Earnings per share: $1.25 adjusted vs. $1.18 expected
$1.25 adjusted vs. $1.18 expected Revenue: $30.31 billion vs. $29.81 billion expected
Revenue for Comcast's connectivity and platforms business, which includes the Xfinity-branded broadband, mobile, pay TV and other services, totaled $20.39 billion, up nearly 1% from the same period last year.
The company lost 226,000 total broadband customers during the quarter – the majority of which came from its residential customers. Comcast recently pivoted its broadband strategy – including new pricing plans – to address the continued industry woes and heightened competition from alternative providers like 5G, or so-called fixed wireless.
Wall Street had expected losses of nearly 257,000, according to StreetAccount.
Last week, cable peer Charter Communications , the second largest broadband provider in the U.S. behind Comcast, reported worse-than-expected customer losses sending its stock down 18%, its worst day ever.
"The competitive environment remains intense, as we had previewed," said Comcast CFO Jason Armstrong during Thursday's call with investors. However, he added that the company has been "encouraged by the early reaction to our new go-to-market initiatives."
In addition to switching up its pricing strategy, Cavanagh said Thursday the company "simplified" its broadband speed tier offering. It also began offering a free mobile line for one year to all new and existing customers.
Comcast and Charter have been leaning on their mobile businesses for growth.
Comcast said it added a record 378,000 mobile customers during the second quarter, bringing its total lines to 8.5 million, or 14% penetration of its broadband customers.
The loss of pay TV customers continued for Comcast, with 325,000 dropping the bundle during the quarter.
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Comcast
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https://www.cnbc.com/2025/07/31/stocks-making-the-biggest-premarket-moves-.html?&qsearchterm=Comcast
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Stocks making the biggest premarket moves: CVS, Comcast, Meta, Norwegian Cruise and more
| 2025-07-31T00:00:00
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Check out the companies making the biggest moves in premarket trading: CVS Health — The stock popped 7% after the drugstore chain reported an earnings and revenue beat for its second quarter. The company also boosted its adjusted profit outlook, now expecting a range of $6.30 to $6.40 per share for fiscal 2025, up from previous guidance of $6 to $6.20 per share. Comcast — The telecommunications giant added 6% after posting second-quarter adjusted earnings of $1.25 a share on revenue of $30.31 billion. Analysts polled by LSEG expected Comcast to earn $1.18 a share on revenue of $29.81 billion. Norwegian Cruise Line Holdings — The cruise stock rallied 12% following mixed second-quarter results. Adjusted earnings of 51 cents per share were in line with expectations, while its revenue of $2.52 billion fell short of FactSet's consensus estimate of $2.56 billion. Norwegian reiterated its full-year guidance, citing strong demand. Meta Platforms — The Facebook parent jumped nearly 12% on the back of its second-quarter revenue beat and third-quarter outlook. Meta now anticipates revenue between $47.5 billion to $50.5 billion for the third quarter, ahead of analyst expectations of $46.14 billion, per LSEG. Microsoft — Shares jumped almost 9% following the tech giant's beat on both the top and bottom lines . Its fiscal fourth-quarter earnings were $3.65 per share, versus the $3.37 per share expected by analysts in a LSEG poll. Revenue was $76.44 billion, an 18% increase from a year earlier and above the $73.81 billion consensus estimate. CoreWeave — Shares of the AI cloud computing stock rallied 13% on the back of an upgrade from Citi to buy from neutral. The firm said that Microsoft's strong quarterly figures signal AI demand remains strong, which should boost CoreWeave long term. Microsoft is a top client of CoreWeave. Western Digital — The stock gained 6% after the storage company reported adjusted earnings of $1.66 per share, topping the $1.48 per share expected by analysts polled by LSEG. Revenue of $2.61 billion beat the consensus estimate of $2.47 billion. Anheuser-Busch InBev — U.S.-listed shares of the brewer sank nearly 11%. The company reported a decline in second-quarter volumes that was worse than feared. Cigna — The health-care stock added 2% following the company's second-quarter financial results. Cigna earned $7.20 per share, excluding items, on revenue of $67.18 billion, and outpaced the LSEG consensus estimate of $7.15 per shares in profits on revenue of $62.46 billion. Bristol Myers Squibb — The pharmaceutical stock rose 3%. The company's second-quarter adjusted earnings came in at $1.46 per share on revenue of $12.27 billion. Analysts polled by LSEG were expecting EPS of $1.07 on revenue of $11.38 billion. Shake Shack — Shares slid more nearly 11% after the burger chain gave weaker-than-anticipated revenue guidance for the current quarter. Shake Shack said to expect between $358 million and $364 million, while analysts polled by FactSet estimated $364.8 million. Biogen — The stock moved almost 6% higher following its beat on the top and bottom lines. Second-quarter adjusted earnings came in at $5.47 per share, topping the LSEG consensus estimate of $3.93 per share. Revenue was $2.65 billion, versus the 2.33 billion expected. Carvana — The online used car seller surged 18% after its second-quarter earnings of $1.28 per share exceeded the $1.11 per share consensus estimate, per LSEG. Its $4.84 billion in revenue was also higher than the $4.59 billion expected from analysts. Align Technology — The stock sank nearly 30% after the orthodontics parts manufacturer's earnings and revenue for the second quarter missed expectations. Align Technology's revenue guidance for $965 million to $985 million for the current quarter also fell short of the $1.04 billion analysts were expecting, per LSEG. Qualcomm — The semiconductor company tumbled 5% despite reporting a beat on both the top and bottom lines . However, some of its business segment revenues came in lighter than expected. Arm Holdings — Shares dropped 8% after the British semiconductor reported first-quarter revenue that fell short of expectations. Arm Holdings posted revenue of $1.05 billion, lower than the $1.06 billion expected by analysts polled by LSEG. Adjusted earnings of 35 cents came in line with expectations. eBay — Shares surged nearly 12% after Ebay posted second-quarter results that exceeded expectations, and issued an upbeat forecast for the current quarter. The online retailer earned $1.37 per share, excluding items, more than the $1.30 LSEG estimate. Revenue of $2.73 billion came in above the $2.64 billion expected. Figma — The software developer is expected to debut on the New York Stock Exchange Thursday under the ticker symbol FIG. It priced its initial public offering at $33 per share , above its expected range. Roblox — Shares soared more than 18% after the online gaming platform raised its full-year bookings guidance and reported 111.8 million average daily active users, up 41% year over year. Roblox now anticipates bookings for 2025 to come in between $5.87 billion to $5.79 billion, up from its prior guidance of $5.28 billion to $5.36 billion. That's above the $5.64 billion expected by analysts in a FactSet poll. Its second-quarter revenue also topped expectations. —CNBC's Alex Harring, Sarah Min and Pia Singh contributed reporting. Disclosure: Comcast is the parent company of CNBC Correction: Analysts polled by LSEG were expecting Bristol Myers to earn $1.07 per share on revenue of $11.38 billion. An earlier version of the story misstated the estimates.
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Comcast
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https://www.cnbc.com/2025/07/24/comcast-spinoff-versant-board-of-directors.html?&qsearchterm=Comcast
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Comcast spinoff Versant announces board of directors. Here's the slate
| 2025-07-24T00:00:00
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Versant signage on the floor at the New York Stock Exchange on July 21, 2025.
Mark Lazarus is the CEO of Versant. Previously, he was chairman of NBCUniversal Media Group.
Here is the slate of board members:
The spinoff is expected to be completed by the end of this year.
Versant will be the parent company of what are now NBCUniversal's cable networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel. On the digital front, it is also set to house Fandango, Rotten Tomatoes, GolfNow, GolfPass and SportsEngine.
They come from backgrounds in media, technology, finance and other industries, according to Versant.
Comcast on Thursday announced the expected board members of its cable networks spinout, Versant.
Mark Lazarus, CEO of Versant, visits the floor at the New York Stock Exchange on July 21, 2025.
"The announcement of the future Board marks a critical milestone as we define our long-term strategy and advance the value of our iconic media portfolio," Lazarus said in a statement. "I look forward to collaborating with this distinguished group as we establish a leading independent media company."
David Novak
David Novak is the prospective chairman of Versant.
He is a longtime board member of Comcast and the former CEO of Yum Brands. He will resign from his position on Comcast's board at the time of the spinoff, according to Versant.
Rebecca Campbell
Rebecca Campbell is the former chairman of international content and operations at The Walt Disney Company. She is also the interim CEO of Meow Wolf, an arts and entertainment company.
Creighton Condon
Creighton Condon is counsel at global law firm A&O Shearman, advising clients on mergers, acquisitions, divestitures and joint ventures. He also counsels boards of directors and special committees.
Michael Conway
Michael Conway is the former CEO of Starbucks North America. Prior to Starbucks, he worked at Johnson & Johnson and Campbell Soup Company. He has also served as a McCormick board director for the past 10 years.
David Eun
David Eun is a founding advisor to generative artificial intelligence firm Kanza AI, which is focused on health, wellness and medicine. He is also co-founder of investment firm Alakai Group. Previously, he was president and chief innovation officer of Samsung Electronics.
Gerald Hassell
Gerald Hassell is the former chairman and CEO of the Bank of New York Mellon. He is also a former director of Comcast and MetLife .
Scott Mahoney
Scott Mahoney is the chairman and CEO of Peter Millar, a golf apparel company. He previously worked at Polo Ralph Lauren . He is also on the board of directors of Fleet Feet, a running shoe and apparel company.
Maritza Montiel
Maritza Montiel is the former deputy CEO and vice chairman of Deloitte & Touche LLP's U.S. business.
Montiel has served on the board of directors at McCormick for the past 10 years and is currently on the board of directors for cruise company Royal Caribbean . She is a former director of Comcast and Aptar.
Len Potter
Len Potter founded Wildcat Capital Management, a registered investment advisor, and has served as its president and CEO since its start. He is also a founder and senior managing director of Vida Ventures, a biotech venture fund.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC under the proposed spinoff.
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Comcast
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https://www.cnbc.com/2025/07/30/fcc-probes-comcast-relationships-with-tv-affiliates.html?&qsearchterm=Comcast
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FCC opens probe into Comcast relationships with local TV affiliates
| 2025-07-30T00:00:00
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The chair of the Federal Communications Commission is opening a probe into NBC-parent Comcast 's relationships with its local broadcast TV affiliates, the latest in a series of investigations into major U.S. broadcasters.
FCC Chair Brendan Carr said in a letter to Comcast CEO Brian Roberts, seen by Reuters, that he was investigating after reports that NBC and other similarly situated networks are seeking "to extract onerous financial and operational concessions from local broadcast TV stations."
Comcast confirmed it had received the inquiry and will cooperate.
"We are proud that for many decades we have supported local broadcast TV stations with world-class sports and entertainment... We will continue to invest heavily in this partnership to keep the broadcast business strong."
In December, Carr wrote ABC-parent Disney CEO Robert Iger to raise similar concerns about its discussions with local broadcast TV stations.
U.S. President Donald Trump and Carr have vowed to force American broadcast media outlets to make significant changes.
Last week, the FCC voted 2-1 to approve the $8.4 billion merger between CBS parent Paramount Global and Skydance Media after Skydance agreed to ensure CBS news and entertainment programming is free of bias, hire an ombudsman for at least two years to review complaints and end diversity programs.
Carr told Comcast he wants "to ensure that Comcast's ability to exert influence over its local broadcast affiliates does not operate to undermine broadcasters' ability to comply with their public interest obligations."
In February, Carr opened a separate probe into Comcast's promotion of diversity, equity and inclusion programs and he required T-Mobile and Verizon to drop diversity programs before approving transactions.
In January, Carr reinstated complaints about a "60 Minutes" Harris interview, how ABC News moderated the pre-election televised debate between then-President Joe Biden and Trump and NBC for allowing Harris to appear on "Saturday Night Live" shortly before the election.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.
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Comcast
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https://www.cnbc.com/2025/06/09/disney-comcast-hulu-valuation.html?&qsearchterm=Comcast
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Disney to pay Comcast $438.7 million to take full control of Hulu, ending lengthy valuation process
| 2025-06-09T00:00:00
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Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California.
Disney has agreed to pay Comcast $438.7 million for its stake in the streaming service Hulu, concluding a years-long appraisal process.
In 2023 Disney announced it intended to buy Comcast's 33% stake in Hulu. At the time, Disney paid $8.6 billion, which reflected Hulu's guaranteed minimum value of $27.5 billion. The two companies had agreed on that floor in 2019.
Disney's announcement came as no surprise as it was widely reported by CNBC and others that Disney was looking to take full ownership of Hulu. Disney took two-thirds ownership of Hulu when it acquired Fox Corp.'s entertainment assets.
Following that initial payment, Disney and Comcast entered into an appraisal process that was originally expected to conclude in 2024.
Disney said its appraiser had reached a valuation below the guaranteed floor, while the appraiser for Comcast's NBCUniversal "arrived at a valuation substantially in excess of the guaranteed floor value." The process was concluded by a third appraiser on Monday, according to an SEC filing.
The final transaction is expected to close on or before July 24. Disney will record the payment in its "net income attributable to noncontrolling interests," which will then reduce "net income attributable to Disney" in its fiscal third quarter income statement. It's not expected to impact Disney's prior guidance for fiscal 2025 adjusted earnings.
"We are pleased this is finally resolved. We have had a productive partnership with NBCUniversal, and we wish them the best of luck," said Disney CEO Bob Iger in a statement.
Iger added that the completed acquisition paves the way for "a deeper and more seamless integration" of Hulu and Disney+ content, as well as the upcoming ESPN direct-to-consumer streaming app, called ESPN.
Disney has already begun integrating the two existing services, which are also offered together in a bundle with ESPN+, the current sports streaming offering.
Comcast's NBCUniversal has been focused on building up its streaming service, Peacock, since it launched in 2020.
"Hulu was a great start for us in streaming that generated nearly $10 billion in proceeds for Comcast and created an important audience for NBCUniversal's world-class content," a Comcast spokesperson said in a statement Monday. "We wish Disney well with Hulu and appreciate the cooperative way our teams managed the partnership."
Hulu had more than 50 million subscribers as of March 29, according to Disney's most recent earnings report. In total, Disney had 180.7 million streaming subscribers, the bulk of which come from Disney+. Comcast reported in April that Peacock had 41 million subscribers.
Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
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ConocoPhillips
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https://www.cnbc.com/2025/09/04/conocophillips-says-it-will-cut-workforce-by-20-25percent-shares-fall.html?&qsearchterm=ConocoPhillips
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ConocoPhillips says it will cut workforce by 20-25%, shares fall
| 2025-09-04T00:00:00
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U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce as part of a broad restructuring, a company spokesperson said on Wednesday, after five sources told Reuters that CEO Ryan Lance detailed the plans in a morning video message.
Shares of the third-largest U.S. oil producer declined 4.5% to $94.55, outpacing a 2.6% drop in the broader S&P 500 Energy Index.
A fall in oil prices has put ConocoPhillips and its rivals under pressure this year, forcing them to cut staff, curb capital spending, and reduce drilling. U.S. oil major Chevron announced it would lay off up to 20% of its staff in February, and other energy companies, including SLB and BP , are also cutting workforces.
"I know these changes create uncertainty, and they are unsettling," Lance said in the video heard by Reuters.
Costs have risen by about $2 per barrel, making it harder for the company to compete, Lance said. He said controllable costs had risen to $13 per barrel in 2024 from $11 in 2021.
"As we streamline our organization and take work out of the system, we will need fewer roles," Lance said.
Most job cuts coming by year-end
Last month, ConocoPhillips identified more than $1 billion of ways to cut costs and improve margins, on top of the more than $1 billion in cost savings from its acquisition of Marathon Oil last year.
The company has about 13,000 employees globally, meaning between 2,600 and 3,250 employees will be affected. Most of the cuts will be made before the end of the year, ConocoPhillips spokesperson Dennis Nuss said in an email.
The new structure and management will be made public in mid-September, and the reorganization will be completed by 2026, two of the sources said.
The company is set to hold a town hall meeting on Thursday at 9 a.m. Central Time, the sources said.
In April, two sources told Reuters that Houston-based ConocoPhillips had hired management consulting firm Boston Consulting Group to advise on the restructuring and layoff program, referred to internally as "Competitive Edge."
ConocoPhillips' net income shrank in the second quarter to about $2 billion, the lowest since the quarter ended March 2021, when Covid-19 ravaged demand.
Benchmark U.S. crude futures prices have decreased by about 11% this year as OPEC and its allies increase output and battle with U.S. oil producers for market share.
As of Wednesday afternoon, the company's shares have fallen 4.7% this year, compared with a 5% rise in the S&P 500 Energy Index.
"Companies are figuring out how to do more with less," said Dan Pickering, chief investment officer at Pickering Energy Partners.
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ConocoPhillips
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https://www.cnbc.com/video/2025/08/07/conocophillips-ceo-were-focused-on-organic-investments-and-economic-opportunities.html?&qsearchterm=ConocoPhillips
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ConocoPhillips CEO: We're focused on 'organic investments and economic opportunities'
| 2025-08-07T00:00:00
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In this video
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ConocoPhillips CEO: We're focused on 'organic investments and economic opportunities'
Ryan Lance, ConocoPhillips CEO, joins CNBC's 'Squawk on the Street' to discuss the company's latest quarter, asset dispositions, and much more.
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ConocoPhillips
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https://www.cnbc.com/video/2025/08/12/calls-of-the-day-chipotle-starbucks-oklo-conocophillips-kkr-ulta-and-american-express.html?&qsearchterm=ConocoPhillips
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Calls of the Day: Chipotle, Starbucks, Oklo, ConocoPhillips, KKR, Ulta and American Express
| 2025-08-12T00:00:00
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In this video
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Calls of the Day: Chipotle, Starbucks, Oklo, ConocoPhillips, KKR, Ulta and American Express
The Investment Committee debate the latest Calls of the Day.
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ConocoPhillips
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https://www.cnbc.com/video/2024/10/25/trade-tracker-jim-lebenthal-buys-lockheed-martin-bill-baruch-sells-conocophillips.html?&qsearchterm=ConocoPhillips
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Trade Tracker: Jim Lebenthal buys Lockheed Martin, Bill Baruch sells ConocoPhillips
| 2024-10-25T00:00:00
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In this video
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Trade Tracker: Jim Lebenthal buys Lockheed Martin, Bill Baruch sells ConocoPhillips
Jim Lebenthal and Bill Baruch join CNBC's "Halftime Report" to discuss their latest trades in Lockheed Martin, ConocoPhillips and SLB.
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ConocoPhillips
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https://www.cnbc.com/2024/05/29/conocophillips-to-buy-marathon-oil-in-17point1-billion-all-stock-deal-that-bolsters-shale-assets.html?&qsearchterm=ConocoPhillips
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ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assets
| 2024-05-29T00:00:00
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ConocoPhillips agreed on Wednesday to buy Marathon Oil in an all-stock transaction worth $17 billion, bolstering the company's shale assets as the broader oil and gas industry undergoes a major wave of consolidation.
The deal will add 2 billion barrels of resources to ConocoPhillips' inventory in the U.S., extending the company's reach across shale fields in Texas, New Mexico and North Dakota.
"This acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework, adding high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position," ConocoPhillips CEO Ryan Lance said in a statement.
The acquisition will make ConocoPhillips one of the largest asset holders in the Bakken shale play in North Dakota and the Eagle Ford play in Texas, according to analysts at Truist Securities.
The deal will boost Conoco's market cap to above $150 billion, extending the company's lead as the largest independent producer and putting it on the same scale as some majors, said Andrew Dittmar, M&A analyst at Enverus. Conoco will become larger than BP but will remain smaller than Shell, he said.
ConocoPhillips' production in Eagle Ford will grow to nearly 400,000 barrels per day and add about 1,000 new locations, Andy O'Brien, senior vice president of strategy, commercial, sustainability and technology, said on a conference call Wednesday. The company's production will double to more than 200,000 barrels per day in the Bakken, O'Brien said. In the Permian Basin, ConocoPhillips will add more than 400 locations.
The company will also add 2 million metric tons per year of net liquid natural gas capacity in Equatorial Guinea on the west coast of Africa.
The acquisition will likely face close scrutiny from the Federal Trade Commission, Dittmar said, but Marathon's assets are spread across multiple basins which works in favor of regulatory approval. The largest area of concentration and biggest source of FTC concern would be in the Eagle Ford, where ConocoPhillips will surpass EOG Resources to become the largest operator.
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ConocoPhillips
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https://www.cnbc.com/video/2024/09/17/conocophillips-ceo-ryan-lance-on-falling-oil-prices-energy-demand-and-rate-cuts.html?&qsearchterm=ConocoPhillips
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ConocoPhillips CEO Ryan Lance on falling oil prices, energy demand and rate cuts
| 2024-09-17T00:00:00
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In this video
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ConocoPhillips CEO Ryan Lance on falling oil prices, energy demand and rate cuts
CNBC’s Brian Sullivan with ConocoPhillips CEO Ryan Lance, join 'Closing Bell' to discuss natural gas, energy demand, falling oil prices and more.
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ConocoPhillips
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https://www.cnbc.com/video/2024/05/30/marathon-oil-deal-makes-a-lot-of-strategic-sense-for-conocophillips-bison-interests-josh-young.html?&qsearchterm=ConocoPhillips
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Marathon Oil deal 'makes a lot of strategic sense' for ConocoPhillips: Bison Interests' Josh Young
| 2024-05-30T00:00:00
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Marathon Oil deal 'makes a lot of strategic sense' for ConocoPhillips: Bison Interests' Josh Young
Josh Young, Bison Interests CIO, joins 'Squawk Box' to discuss ConocoPhillips' deal to buy Marathon Oil, why there's been a surge in M&A activity in the sector, and more.
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ConocoPhillips
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https://www.cnbc.com/video/2024/05/29/wednesdayas-rapid-fire-conocophillips-american-airlines-abercrombie-fitch-chewy-and-cava.html?&qsearchterm=ConocoPhillips
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Wednesday’s rapid fire: ConocoPhillips, American Airlines, Abercrombie & Fitch, Chewy and Cava
| 2024-05-29T00:00:00
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In this video
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Wednesday’s rapid fire: ConocoPhillips, American Airlines, Abercrombie & Fitch, Chewy and Cava
CNBC’s Jim Cramer on Wednesday offered his thoughts on the stocks of ConocoPhillips, American Airlines and more.
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ConocoPhillips
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https://www.cnbc.com/video/2024/03/07/conocophillips-ceo-ryan-lance-on-consolidation-its-the-right-thing-to-be-doing-for-our-business.html?&qsearchterm=ConocoPhillips
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ConocoPhillips CEO Ryan Lance on consolidation: It's the right thing to be doing for our business
| 2024-03-07T00:00:00
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ConocoPhillips CEO Ryan Lance on consolidation: It's the right thing to be doing for our business
ConocoPhillips CEO Ryan Lance joins 'Squawk Box' to discuss the state of the economy, impact of government regulation and policies on businesses, impact of LNG permit pause, consolidation in the energy industry, new disclosure rules from the SEC, and more.
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ConocoPhillips
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https://www.cnbc.com/2025/09/30/oil-gas-layoff-job-cut-opec-trump-wti.html?&qsearchterm=ConocoPhillips
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Oil companies slash jobs by the thousands as prices fall, tariffs rise and industry consolidates
| 2025-09-30T00:00:00
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U.S. oil companies are cutting jobs by the thousands as they respond to falling crude prices, higher tariffs, and a wave consolidation in the industry.
President Donald Trump promised boom times for oil and gas when he took office in January. Instead, the industry has shed 4,000 positions through August, according to the most recent data from the Bureau of Labor Statistics.
The layoffs come as U.S. crude oil prices have fallen 13% this year due to OPEC+ members rapidly increasing supply to the global market. West Texas Intermediate was trading under $63 per barrel Tuesday, below the breakeven price that many shale oil producers in Texas need to drill new wells at a profit.
The three biggest U.S. oil companies Exxon Mobil , Chevron and ConocoPhillips have all announced job cuts in 2025 after making major acquisitions over the past two years as the industry consolidates.
Exxon is cutting 2,000 positions as it implements its restructuring plan, a spokesman said Tuesday. Chevron announced in February that it would cut up to 20% of its workforce through 2026. Conoco said earlier this month that it would cut up to 25% of its workforce.
The broader energy sector, meanwhile, has shed 9,000 positions through August of this year, about a 30% increase in layoffs compared with the same period in 2024, according to data from Challenger, Gray and Christmas.
Hiring has ground to a near standstill this year with energy companies planning to fill around 1,000 openings, down about 90% from the more than 12,000 openings during the same period in 2024, according to the Challenger data.
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DoorDash
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https://www.cnbc.com/2025/09/30/doordash-launches-delivery-robot-in-push-into-autonomous-technology.html?&qsearchterm=DoorDash
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DoorDash launches delivery robot in latest push into autonomous technology
| 2025-09-30T00:00:00
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Your DoorDash deliverer could soon look a little different.
DoorDash on Tuesday announced a robot, known as Dot, that navigates busy streets, parking lots and sidewalks to bring customers their food.
Dot marks DoorDash's first official standalone push into autonomous vehicle technology. The company has tested drone delivery and partnered with Sam Altman-backed startup Coco Robotics for sidewalk delivery.
"The scale and complexity of the business demands something like autonomy, and there isn't anything out there that fits our use case," DoorDash co-founder Stanley Tang told CNBC.
Tang, who leads the DoorDash Labs automation and robotics unit, said Dot is a solution to increasingly complex deliveries, and attempts to open the technology to local merchants. The company said the robot can reach up to 20 miles per hour and carry up to six pizza boxes, or 30 pounds of items.
Autonomous delivery is an emerging trend. Earlier this month, Uber announced a food delivery partnership with Israeli drone startup Flytrex, and previously delivered food using self-driving Waymo cars.
DoorDash has been testing its robot in Phoenix, with plans to later expand to other metropolitan areas. Dot is currently open to merchants in the Phoenix area through DoorDash's new autonomous delivery platform that also includes drone delivery where available.
Dot is equipped with eight cameras and three lidar sensors to navigate road scenarios like crowded parking lots, blocked bike lanes and busy streets. It also includes an internal camera to ensure food quality.
DoorDash also announced a SmartScale feature that weighs order and detects any potential missing items. The company said its internal data suggests that the test product has slashed missing item complaints by up to 30%.
WATCH: DoorDash beats on Q2 results
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DoorDash
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https://www.cnbc.com/2025/09/18/deliveroo-founder-will-shu-to-step-down-as-ceo-after-doordash-takeover.html?&qsearchterm=DoorDash
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Deliveroo founder Will Shu to step down as CEO after DoorDash takeover
| 2025-09-18T00:00:00
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LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago.
Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its takeover by U.S. rival DoorDash is completed.
DoorDash announced its deal to buy the British online takeout platform in May. The acquisition values Deliveroo at £2.9 billion ($4 billion).
"I have decided that now is the right time for me to step down," Shu said in a statement Thursday. "Taking Deliveroo from being an idea to what it is today has been amazing."
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DoorDash
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https://www.cnbc.com/2025/08/27/stocks-wednesday-from-analyst-calls-like-nvidia.html?&qsearchterm=DoorDash
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Here are Wednesday's biggest analyst calls: Nvidia, Apple, Ralph Lauren, DoorDash, CoreWeave, Krispy Kreme and more
| 2025-08-27T00:00:00
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Here are Wednesday's biggest calls on Wall Street: Cantor Fitzgerald initiates CoreWeave as buy Cantor said it is bullish on shares of CoreWeave. "We believe CoreWeave should benefit from secular growth trends in AI, specifically large language model (LLM) training and inference based usage, as an enabling software-driven AI-focused hyperscaler, comfort in near-term demand/supply imbalance, and competitive differentiation." Read more. Goldman Sachs downgrades Deutsche Bank to neutral from buy Goldman Sachs downgraded the German banking giant mainly on valuation. "However, given the recent rally in the share price, Deutsche Bank now trades at a P/E multiple which is roughly in line with our broader coverage — at 10x our 2025E EPS estimate, and 9x 2026E." Read more. Wells Fargo reiterates Nvidia as overweight Wells Fargo said it is sticking with the stock heading into earnings on Wednesday after the bell. "Our Overweight rating is based on our positive stance on NVIDIA's competitive positioning in gaming GPUs and expanding growth opportunities in data center, HPC [high performance computing], and emerging / expanding AI opportunities." Piper Sandler initiates Inventiva as overweight Piper Sandler said shares of the biotech company are well positioned. "We are initiating on Inventiva SA (IVA) with an Overweight rating and $26 PT." Goldman Sachs reiterates Apple as buy Goldman Sachs said it is bullish ahead of Apple's product event on Sept. 9. "Though in the past AAPL's September event has had nominal impacts on day-of stock price performance, we are encouraged by reports surrounding (1) form factor updates to iPhone 17 models (17 'Air' model, larger base screen size); (2) the potential for a price increase to the iPhone 17 Pro…" Loop reiterates DoorDash as buy Loop called DoorDash a "category killer." "While valuation leads gig-economy peers and the stock is not cheap, we think that with superior growth, considerable earnings power beneath ongoing investment, open ended opportunity and best-in-class management, a premium is warranted. Reiterate Buy and $305 PT." KeyBanc initiates Mach Natural Resources as overweight KeyBanc said the natural resources company is well positioned. "We initiate coverage of Mach Natural Resources LP with an OW rating and an $18 PT." JPMorgan downgrades Krispy Kreme to underweight from neutral JPMorgan said it sees "limited visibility" of a turnaround plan. "We are downgrading Krispy Kreme shares to Underweight from Neutral and continue to not publish a price target." Bank of America upgrades Vir to buy from neutral Bank of America said it is bullish on the biotech company's treatment for liver disease. "We are upgrading Vir to Buy from Neutral and raising our PO to $14 from $12 as we think the market is underestimating the potential for its asset for treatment of severe liver disease caused by hepatitis delta virus." JPMorgan upgrades Televisa to overweight from neutral JPMorgan upgraded the LatAm media company and said it is well positioned for growth. "We upgrade Televisa to Overweight from Neutral, mostly on a more constructive view on its media asset (a 45% stake in TelevisaUnivision), as it has successfully started to generate cash and deleverage, while growing at a quicker pace than its key US peers…" Jefferies reiterates Ralph Lauren as buy Jefferies said the stock is well positioned for a Taylor Swift-Travis Kelce engagement. "Swift is no stranger to the brand, having been mentioned on RL earnings calls for wearing Ralph Lauren for over two years. Swift even wore Ralph Lauren for the cover photo for Time person of the year in 2023. We see this as an encouraging catalyst for the brand, especially ahead of Swift's upcoming album release in early October and the start of football season for Kelce." HSBC upgrades Amer Sports to buy from hold HSBC said in its upgrade of Amer that it sees another "leg of growth" for the sporting goods company. "After being on the sidelines for a while following our downgrade late last year, we are again becoming constructive on the name." Read more. HSBC upgrades Eli Lilly to neutral from reduce The firm said the "bear case has played out" for the stock. "That said, Lilly's move to increase the prices outside the US sends a clear signal that the company might remain price disciplined." CLSA initiates Micron as outperform CLSA said Micron is "riding the crest of the AI wave." "Micron is well-positioned to capitalise on the demand for high bandwidth memory (HBM) from AI customers and to benefit from the healthy demand-supply balance in DRAM in 2H25-2026." Wedbush initiates Serve Robotics as outperform Wedbush said the autonomous company is "uniquely positioned to capitalize on the accelerating adoption of AI-driven last mile delivery vehicles." "We are initiating coverage on Serve Robotics with an OUTPERFORM rating and a $15 price target. In our view, Serve Robotics has established a pioneering autonomous delivery platform that is uniquely positioned to capitalize on the accelerating adoption of AI-driven last mile delivery vehicles." Mizuho initiates Phreesia as outperform Mizuho said shares of the patient management software company have plenty more room to run. "We initiate coverage of PHR with an Outperform rating and $36 PT. Phreesia is a leader in Patient Intake Management software for practitioners."
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DoorDash
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https://www.cnbc.com/2025/08/06/doordash-dash-stock-q2-earnings.html?&qsearchterm=DoorDash
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DoorDash shares rise on earnings, revenue beat
| 2025-08-06T00:00:00
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DoorDash shares climbed about 8% in extended trading on Wednesday after the food delivery company reported better-than-expected earnings and revenue for the second quarter.
Here's how the company did compared to analysts' estimates based on LSEG's consensus:
Earnings per share : 65 cents vs. 44 cents expected
: 65 cents vs. 44 cents expected Revenue: $3.28 billion vs. $3.16 billion expected
Revenue jumped 25% from $2.63 billion a year earlier, DoorDash said in a press release. The company reported net income of $285 million, or 65 cents per share, after recording a loss of $157 million, or 38 cents per share, in the same period a year ago.
Orders increased 20% from a year earlier to 761 million. Gross order value, or GOV, rose 23% to $24.2 billion.
DoorDash shares have soared 54% this year as of Wednesday's close, lifting the company's market cap to $109 billion. The Nasdaq is up almost 10% in 2025.
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DoorDash
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https://www.cnbc.com/video/2025/08/07/cramers-mad-dash-doordash.html?&qsearchterm=DoorDash
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Cramer's Mad Dash: DoorDash
| 2025-08-07T00:00:00
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In this video
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Cramer's Mad Dash: DoorDash
Jim Cramer breaks down why he's keeping and eye on shares of DoorDash.
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DoorDash
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https://www.cnbc.com/video/2025/08/06/doordash-beats-on-q2-revenue-and-earnings.html?&qsearchterm=DoorDash
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DoorDash beats on Q2 revenue and earnings
| 2025-08-06T00:00:00
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DoorDash
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https://www.cnbc.com/2025/08/04/stocks-to-watch-from-analyst-calls-like-nvidia.html?&qsearchterm=DoorDash
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Here are Monday's biggest analyst calls: Nvidia, Tesla, Apple, Berkshire Hathaway, Disney, DoorDash, Coinbase & more
| 2025-08-04T00:00:00
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Here are Monday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy The firm said it sees a robust "beat/raise" when Nvidia reports earnings in late August. "Solid capex trends with n-t China boost." Compass Point downgrades Coinbase to sell from neutral Compass said in its downgrade of the stock that it sees an "extended valuation into crypto sell-off." "We are downgrading COIN to Sell from Neutral and reducing our PT to $248 (-$82). While we remain constructive on the current crypto cycle, we expect a choppy 3Q alongside weak August/September seasonality and waning retail interest in crypto treasury stocks." Read more. UBS initiates Pony AI as buy UBS said the China robotaxi company is "best positioned." "We initiate coverage with a Buy rating and a PT of US$20, implying 53% upside potential." Bank of America reiterates DoorDash as buy The firm raised its price target on the stock to $285 per share from $245 ahead of earnings later this week. "We rate DoorDash Buy. DoorDash is the leading delivery app in terms of US bookings and US revenue and a market share gainer from 2018 to 2021." Evercore ISI reiterates Amazon as outperform Evercore ISI said it is bullish on Amazon's Alexa+. "We reiterate our Outperform on AMZN in the wake of our proprietary research into Alexa+, Amazon's AI Agent currently being rolled out to its Echo platform devices. We have tested Alexa+ on and off for two weeks now and have run our own proprietary survey of 1,350 current Smart Device owners." UBS reiterates Berkshire Hathaway as buy UBS raised its price target on the stock to $597 per share from $595 following Saturday's earnings. "We continue to believe BRK' s shares are an attractive in an uncertain macro environment with defensive businesses, a strong cash position and growth improving at GEICO." Bank of America reiterates Apple as buy Bank of America said it remains bullish on shares of Apple . "Our Buy rating on Apple is based on 1) expected strong iPhone upgrade cycle in F25, F26 driven by the need for latest hardware to enable Gen AI features, 2) higher growth in Services revenue, 3) higher margins from more internally developed silicon…" Piper Sandler reiterates Tesla as outperform Piper Sandler said it is sticking with shares of Tesla. "On Friday, when a jury in Florida found Tesla partially liable for a 2019 crash, headlines began proliferating, referring to a 'stunning rebuke', a 'massive blow', and a $243M obligation. In our view, these headlines paint an unrealistically negative picture. In short, we don't think shareholders should be losing sleep over this." Oppenheimer upgrades MindMed to outperform from perform Oppenheimer said it sees a slew of positive catalysts ahead for the brain health biotech company. " MNMD's 2Q25 cash of ~$238M provides runway through key catalysts, and we forecast ~$2B potential revenues." JPMorgan upgrades Kimberly Clark to neutral from underweight JPMorgan upgraded Kimberly-Clark following earnings. "Upgrade to Neutral as Share Gains, Volume-Led Sales, and Cost Savings Offset Category Moderation." Morgan Stanley reinstates Chevron as overweight Morgan Stanley resumed coverage of the stock and says it has more room to run. "The recent closing of the HES deal removes a key overhang and strengthens CVX's business, enhancing growth and the portfolio duration. While the longer-term outlook is still less clear than peers, this is balanced by leading FCF rate of change into 2026." UBS initiates Kinross Gold as buy UBS said it is very bullish on the gold company. "We initiate on Kinross (KGC) with a Buy rating because we remain constructive on gold, forecasting prices to remain elevated at $3,500/oz in 2026." Baird upgrades Alamo Group to outperform from neutral Baird said in its upgrade of Alamo Group that the vegetation and industrial equipment company is well positioned. "Upgrading to Outperform: Vegetation Bottoming, Solid EPS Growth Potential." Morgan Stanley reiterates Disney as overweight Morgan Stanley raised its price target on the stock to $140 per share from $120. "If the macro backdrop remains healthy, we see Disney generating healthy double digit adj. EPS growth in the years ahead. Thanks to growth in its Experiences and Streaming businesses, it is poised to have rebuilt its pre-pandemic earnings base and hit new heights by FY27." Read more. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its checks show Walmart continues to build membership in Walmart+." "Membership growth has rebounded from a '23-'24 slump and shows continued progress in WMT's strategy to drive its eCommerce flywheel." TD Cowen upgrades Affiliated Managers to buy from hold The firm upgraded the capital markets company following earnings and sees a slew of positive catalysts. "Post 2Q (see 7/31), we upgrade AMG to Buy from Hold." Baird upgrades MasTec to outperform from neutral Baird said investors should buy the dip in the infrastructure construction company. "It's no secret we've been searching for opportunity in MTZ . True, 2Q25 earnings weren't "great" (relative to high expectations/stock outperformance), but we felt Friday's sell-off was overdone, further pressured by broader market weakness." UBS initiates WeRide as buy UBS said the robotaxi company has a first mover advantage. "WeRide has a first-mover advantage in expanding L4 [Level 4 autonomous technology] use cases overseas and has entered 10 countries, leveraging diversified use cases and a flexible operating strategy." William Blair upgrades Viasat outperform from market perform William Blair said in its upgrade of Viasat that there's a slew of positive catalysts ahead for the satellite company. "The Wheels Are in Motion With a Plethora of Positive Catalysts and High Leverage; Upgrading to Outperform."
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DoorDash
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https://www.cnbc.com/video/2025/08/27/calls-of-the-day-micron-doordash-amer-sports-amgen-merck-and-costco.html?&qsearchterm=DoorDash
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Calls of the Day: Micron, DoorDash, Amer Sports, Amgen, Merck and Costco
| 2025-08-27T00:00:00
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Calls of the Day: Micron, DoorDash, Amer Sports, Amgen, Merck and Costco
The Investment Committee debate the latest Calls of the Day.
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DoorDash
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https://www.cnbc.com/2025/07/28/options-traders-are-expecting-a-huge-move-on-earnings-from-doordash-how-to-trade-it.html?&qsearchterm=DoorDash
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Options traders are expecting a huge move on earnings from DoorDash. How to trade it
| 2025-07-28T00:00:00
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DoorDash Inc. (DASH) , a leading platform in the local commerce and delivery sector, will release its second-quarter 2025 results on Aug 6. The shares are already up nearly 50% year-to-date and almost 140% over the past 52 weeks. Now trading at a lofty 9.4 times trailing 12-month revenues and 192 times adjusted EPS. Can the remarkable outperformance continue? Analysts anticipate second-quarter revenue of approximately $3.1 billion, representing more than 20% year-over-year growth, and adjusted earnings per share of $1.10. To put that in perspective, 2024 was the company's first profitable fiscal year, reporting $0.79 a share in adjusted EPS for the full year , Put differently, DoorDash is a young, fast-growing business that has only recently turned the corner to profitability, which accounts for the very high multiples and the remarkable price appreciation. Recent performance notwithstanding, the company is moderating growth in core segments and facing competitive pressures. Even solid operating results could see muted post-earnings price appreciation, given the sharp upside moves it has already seen. First-quarter revenue missed estimates, despite beating earnings per share, as food delivery growth slowed to 13% year-over-year. Projections for 2025 assume aggressive expansion, but bear scenarios forecast revenue compound annual growth rates of 25%, an enviable growth rate for a mature business, certainly, but there are other companies — in unrelated businesses, admittedly — that are growing more quickly and trading at much lower multiples, such as Nvidia. The trade Currently, the options market is estimating a post-earnings move of approximately 8.5%, which is above the average during the company's history since the IPO and substantially higher than the average move of 5.2% over the past four quarterly earnings releases. One way to take advantage of elevated options premia is to sell straddles or strangles — selling both a call and a put in instances where an investor believes that a stock's price move over a specific time horizon is unlikely to be as large as that implied by the options prices. While this can be a good strategy, it comes with the downside of taking considerable risk if one underestimates the potential move. For example, if one sold the August 29th expiration 225/285 strangle at Friday's closing prices (below), one would collect nearly 3.7% of the current stock price in just under five weeks, more than 39% annualized—a very nice rate of return. However, if DASH were to move substantially, the strangle seller would face the risk of getting short the stock at just over $294 per share (the short call strike plus the more than $9 in premium collected) or long the stock at just under $216 per share (the short put strike less the premium collected). Buying a slightly further out of the money, longer dated strangle, such as the November 220/290 defines and limits the risk while offering a similar payout profile, bearing in mind the future value of the November strangle as/of August 29th expiration can only be estimated as it will still have more than 2 ½ months to go before it expires close to Thanksgiving. That trade - which I generally refer to as a "strangle swap" - would look as follows… DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
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DoorDash
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https://www.cnbc.com/2025/08/06/stocks-making-the-biggest-moves-after-hours-abnb-dash-lyft-elf.html?&qsearchterm=DoorDash
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Stocks making the biggest moves after hours: Airbnb, DoorDash, Lyft, E.l.f. Beauty and more
| 2025-08-06T00:00:00
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Check out the companies making headlines in after-hours trading: Duolingo — The maker of the language learning app surged about 14%. Duolingo said it sees third-quarter revenues in the range of $257 million to $261 million, while the LSEG consensus called for $253 million. The company also beat estimates on the top and bottom lines in the second quarter. E.l.f. Beauty — Shares of the cosmetics company lost more than 13% after E.l.f. said new tariffs on China imports are negatively affecting its profits , which were down 30% from the year-ago period. E.l.f. declined to provide a full-year revenue guide, citing the "wide range of potential outcomes" related to the new tariffs, and instead issued guidance for the first half of the fiscal year. IonQ — Shares of the quantum computing play slipped 5% after IonQ reported a wider-than-expected loss. IonQ posted a loss of 70 cents per share for the second quarter, while analysts polled by FactSet anticipated a loss of 29 cents per share. IonQ's revenue of $20.7 million for the quarterly period beat the $17.2 million expected, however. DraftKings — The sports betting company added about 2%. DraftKings posted second-quarter earnings of 30 cents per share on revenue of $1.51 billion. LSEG consensus estimates sought 15 cents per share in earnings and revenue of $1.41 billion. The company also stuck with its 2025 revenue outlook range of $6.2 billion to $6.4 billion, but said to expect the number to land at the higher end. Airbnb — The vacation rental company slid about 7%. Airbnb said it expects to report revenue ranging from $4.02 billion to $4.10 billion in the third quarter. Analysts polled by FactSet sought $4.05 billion. The forecast overshadowed beats on earnings and revenue in the second quarter. Fortinet — The cybersecurity stock shed 17% after Fortinet reported second-quarter revenue of $1.63 billion that matched estimates from analysts polled by FactSet and issued lackluster third-quarter revenue guidance. DoorDash — The food delivery company popped 6% after posting second-quarter earnings of 65 cents per share, while analysts polled by LSEG had penciled in 44 cents. The company's $3.28 billion in revenue also came in above the expected $3.16 billion. HubSpot — Shares jumped more than 5% after the software company posted better-than-expected second-quarter results. HubSpot's adjusted earnings of $2.19 per share and revenue of $760.9 million came in ahead of the $2.12 per share and $739.4 million that analysts polled by FactSet were expecting. The company's third-quarter and full-year guidance also surpassed expectations. Dutch Bros — The drive-thru coffee shop chain saw shares jump nearly 15% after posting second-quarter beats on the top and bottom lines. Dutch Bros said same-store sales increased 6.1% from the year-ago period. The company also lifted its guidance for full-year same-store sales and adjusted earnings before interest, taxes, depreciation and amortization. MetLife — Shares of the insurance provider lost 5% in extended trading on weak results. For the second quarter, MetLife posted adjusted earnings of $2.02 per share, while analysts polled by LSEG expected earnings of $2.15 per share. The company's adjusted revenue of $17.92 billion also disappointed analysts, who expected $18.54 billion in revenue for the period. Aris Water Solutions — Shares of the water infrastructure company soared 22%. Pipeline company Western Midstream Partners will be acquiring Aris in an equity-and-cash transaction worth about $1.5 billion. The deal is expected to close in the fourth quarter. Topgolf Callaway Brands — The golf and active lifestyle company rose nearly 9%. Topgolf Callaway posted second-quarter adjusted earnings of 24 cents per share, while analysts polled by FactSet were looking for 2 cents per share. Revenue also surpassed expectations, coming in at $1.11 billion, versus the $1.09 billion anticipated. — CNBC's Darla Mercado, Alex Harring, Lisa Han and Sean Conlon contributed reporting.
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Welltower
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https://www.cnbc.com/video/2025/07/29/final-trades-spotify-ibm-vertiv-holdings-and-welltower.html?&qsearchterm=Welltower
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Final Trades: Spotify, IBM, Vertiv Holdings and Welltower
| 2025-07-29T00:00:00
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Final Trades: Spotify, IBM, Vertiv Holdings and Welltower
The Investment Committee give you their top stocks to watch for the second half.
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Welltower
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https://www.cnbc.com/video/2025/04/14/3-stock-lunch-cheniere-energy-novo-nordisk-and-welltower-inc.html?&qsearchterm=Welltower
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3-Stock Lunch: Cheniere Energy, Novo Nordisk and Welltower Inc
| 2025-04-14T00:00:00
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3-Stock Lunch: Cheniere Energy, Novo Nordisk and Welltower Inc
Victoria Greene, G Squared Private Wealth CIO, joins 'Power Lunch' to discuss stock plays for three stocks.
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Welltower
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https://www.cnbc.com/video/2024/01/02/prologis-and-welltower-are-well-positioned-for-2024.html?&qsearchterm=Welltower
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Prologis and Welltower are well-positioned for 2024, says Victoria Greene
| 2024-01-02T00:00:00
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Prologis and Welltower are well-positioned for 2024, says Victoria Greene
Victoria Greene, G Squared Private Wealth Founding Partner and CIO, gives her top stock picks for 2024.
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Welltower
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https://www.cnbc.com/video/2023/12/21/welltower-reit-will-outperform-in-2024-says-morgan-stanleys-ron-kamdem.html?&qsearchterm=Welltower
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Welltower REIT will outperform in 2024, says Morgan Stanley's Ron Kamdem
| 2023-12-21T00:00:00
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Welltower REIT will outperform in 2024, says Morgan Stanley's Ron Kamdem
Ronald Kamdem, Morgan Stanley REIT analyst, joins 'The Exchange' to discuss the state of REITs, their outlook for 2024, and more.
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Welltower
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https://www.cnbc.com/video/2018/07/27/welltower-promedica-buy-hcr-manorcare-4-4-billion-deal.html?&qsearchterm=Welltower
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Welltower, ProMedica buy HCR ManorCare in $4.4 billion deal
| 2018-07-27T00:00:00
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Welltower, ProMedica buy HCR ManorCare in $4.4 billion deal
Thomas DeRosa, Welltower CEO, discusses the deal with ProMedica for HCR ManorCare to reinvent health care outside of the hospital for the aging population.
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Welltower
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https://www.cnbc.com/video/2018/01/25/welltower-ceo-on-trumps-davos-arrival-i-thought-beyonce-was-speaking-today.html?&qsearchterm=Welltower
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Welltower CEO on Trump's Davos arrival: I thought Beyonce was speaking today
| 2018-01-25T00:00:00
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Welltower CEO on Trump's Davos arrival: I thought Beyonce was speaking today
Thomas Derosa, Welltower CEO, discusses President Trump's trip to Davos, Switzerland for the World Economic Forum and how his business will be affected by tax and health-care reform.
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Welltower
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https://www.cnbc.com/2024/10/14/analyst-says-outperforming-senior-housing-stock-has-another-50percent-run-to-go.html?&qsearchterm=Welltower
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Bank of America thinks this senior housing stock trouncing the market has another 50% run to go
| 2024-10-14T00:00:00
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Unappreciated aspects of Welltower , a real estate investment trust, or REIT, that invests in health-care infrastructure, are likely to translate into long-term growth ahead, according to Bank of America. Analyst Joshua Dennerlein reiterated his buy rating on the S & P 500 company, which owns senior housing as well as post-acute care and outpatient medical facilities. He also increased his price target by $61 to $190, the highest on the Street, according to FactSet, which implies nearly 52% upside from Friday's close. Following the call, Welltower moved more than 1% higher Monday. This year, the stock has been on a monster run, soaring about 41%, excluding reinvested dividends, versus 22.5% for the S & P 500. Toledo, Ohio-based Welltower yields 2.14%, according to FactSet data. WELL YTD mountain WELL, year-to-date Notably, Dennerlein believes Welltower's culture is a key underappreciated driver. He also highlighted its "extreme" focus on compounding long-term cash flow growth on a per share basis and its attention to data analytics and artificial intelligence. These aspects of the business model, he said, have created a "powerful" flywheel effect for growth that will allow it to surpass not only its peer Ventas , but also other REITs in coming years. "WELL offers a best in class operating platform, management team and data science capabilities to generate outsize returns relative to peers," Bank of America said in a Monday note to clients. Looking ahead, Dennerlein sees higher rates of earnings growth well after 2029 — his model's endpoint. Noting that the oldest members of the baby boom generation will hit 85 in 2031, he believes changing demographics will only increase demand for senior housing through 2050. The analyst also pointed to Welltower's strong balance sheet as an unappreciated asset. "[A]n often-overlooked aspect of WELL's strategy is the 'optionality' that they have built with their capital structure," he said. Welltower has "built enormous debt capacity to take advantage of when they get to the other side of the Fed cycle.'" The Bank of America recommendation joins several other analysts on Wall Street who are bullish on Welltower. Of the 19 analysts covering the company, 13 rate it the equivalent of a buy while six are neutral.
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Welltower
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https://www.cnbc.com/2025/04/28/stocks-making-the-biggest-moves-after-hours-nxpi-leg-cdns-and-more.html?&qsearchterm=Welltower
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Stocks making the biggest moves after hours: Leggett & Platt, NXP Semiconductors, Cadence Design Systems and more
| 2025-04-28T00:00:00
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Check out the companies making headlines in extended trading. Leggett & Platt — The manufacturer of bedding products surged about 17% after reaffirming full-year guidance. Management said the company should benefit overall from President Donald Trump's tariff plans, but cautioned that the levies can hurt consumer confidence and discretionary demand for products, while also pushing up inflation. Welltower — The health care-focused real estate stock popped 1.6% after revenue for the first quarter beat expectations. Welltower recorded $2.42 billion for the quarter, while analysts polled by FactSet estimated $2.34 billion. The company also raised its expectations for funds from operations for the full year. Woodward — The aerospace parts maker jumped 4.6% on a strong report for the fiscal second quarter. Woodward earned $1.69 per share, excluding items, on $884 million in revenue. Analysts penciled in $1.46 per share in earnings and revenue of $835 million, per LSEG. Universal Health Services — The health-care facility operator shed 2.3% after recording $4.10 billion in first-quarter revenue, while analysts polled by LSEG forecast $4.16 billion. On the other hand, the company earned $4.84 per share, excluding items, beating the Street's prediction of $4.35 per share. NXP Semiconductors — Shares of the chip stock tumbled 7.5%. Despite NXP beating analysts' expectations on both lines in the first quarter, the company announced that Rafael Sotomayor will replace Kurt Sievers as CEO. Cadence Design Systems — The electronics design stock slid 1.3%. Cadence earned $1.57 per share, excluding items, in the first quarter, topping the LSEG consensus estimate of $1.49 per share. However, the company's quarterly earnings came in line with the Street's expectations for $1.24 billion. F5 — The cloud stock rose nearly 2% after earnings for the second fiscal quarter exceeded the Street's projections. F5 earned $3.42 per share, excluding items, on $731 million in revenue, while analysts had penciled in $3.10 in earnings per share and $719 million in revenue.
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Welltower
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https://www.cnbc.com/2024/09/26/these-real-estate-stocks-top-bank-of-americas-buy-list.html?&qsearchterm=Welltower
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These real estate stocks top Bank of America’s buy list
| 2024-09-26T00:00:00
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Investors looking to get in on the recent rise in real estate stocks should focus on quality, according to Bank of America. The real estate sector of the S & P 500 has been moving higher over the past month or so and is now up 10% year to date, after being in the red earlier this year. The sector hit a 52-week high last week. Real estate investment trusts are also an income play, often paying out attractive dividends. "Stocks with healthy yields become increasingly attractive in a Fed cutting environment," Jill Carey Hall, an equity and quant strategist at the bank, wrote in a Sept. 9 note that focused on small-cap and midcap REITs. Her work with small-cap and midcap stocks also suggests that dividend yield is the best factor to hedge cycle risk, she added. .SPLRCR YTD mountain S & P 500 Real Estate Sector The Federal Reserve started its rate-cutting cycle last week, slashing the federal funds rate by 50 basis points. The central bank also indicated another 50 basis points of cuts by the end of the year. In this environment, Bank of America likes health care, residential and retail REITs. Health-care real estate is a play on the aging of America , which will see more people seeking medical services and senior housing, Hall said. Residential REITs continue to see demand given housing affordability issues and a majority of retail REITs have beat and raised guidance, she added. When it comes to choosing specific stocks, analyst Jeffrey Spector, the bank's head of U.S. REITs, suggests looking at names with quality growth, quality value and — with the anticipation of a soft-landing scenario — quality risk. "Higher quality REITs will offer the best earnings and distribution growth," he wrote in the same note. Quality REITs have resilient pricing power, multiyear earnings visibility based on secular growth drivers, strong and flexible balance sheets and the highest prospect for global inflows. Here are some of the names that made Spector's top picks list. Welltower is the only large-cap stock that made the cut. The rest are small-cap and midcap REITs. Welltower owns and develops senior housing, skilled nursing/post-acute care facilities and medical office buildings. Near term, Welltower will benefit the most from accelerating occupancy gains amid the post-Covid recovery, Bank of America believes. "In addition, we believe senior housing rate growth will remain robust in 2024 & beyond. WELL has the highest exposure to senior housing operating assets within our coverage universe and based on our demographic analysis has the best positioned portfolio," the bank said. "Longer term, demographic trends are favorable as baby boomers continue to age." Shares of Welltower are up 40% year to date. Mid-America Apartment Communities and American Homes 4 Rent are both residential housing plays. The former is a multifamily REIT that operates in communities across the Sunbelt region, where the bank sees robust job growth and a lower cost of living. The latter owns the second-largest single-family rental REIT portfolio in the U.S., Spector wrote. "We remain positive on AMH's portfolio, limited new supply of single-family homes, structural demographic tailwinds with aging millennials, accretive consolidation/development opportunities, and a strong management," he said. Mid-America Apartment Communities has gained nearly 18% year to date, while American Homes 4 Rent is up close to 7%. Lastly, Federal Realty Investment Trust owns, operates and develops retail-based properties in coastal markets. Spector said this "blue-chip retail REIT" has a diverse portfolio of shopping centers and should produce growth above its peers in the long term. The stock has moved more than 9% higher so far this year.
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Welltower
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https://www.cnbc.com/2025/03/28/dividend-stocks-to-play-longevitys-transformational-opportunity-ubs.html?&qsearchterm=Welltower
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These dividend stocks will benefit from longevity's 'transformational' opportunity, UBS says
| 2025-03-28T00:00:00
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The aging population will be a tailwind for the stock market — and two dividend stocks are expected to benefit, according to UBS. Longevity is one of three "transformational innovation opportunities" that will drive equity markets in the next decade, a team of strategists said in a note Wednesday. The other two are artificial intelligence and power and resources. "The combination of ever-increasing lifespans and a demographic shift toward an older population creates a range of investment opportunities," the UBS strategists wrote. One area that is already established in the space is retirement living, which is growing at a 4% compound annual growth rate until 2030, they said. The oldest baby boomers are rapidly approaching their 80th birthday and that is going to increase demand for senior housing options, such as independent living, assisted living and nursing homes. The National Investment Center for Seniors Housing & Care predicts that 200,000 additional senior housing units will be needed in 2025, an additional 500,000 units by 2028 and another 775,000 units by 2030. Senior housing stocks UBS sees two real estate investment trusts that will benefit from the trend, and they pay solid dividends. Ventas , whose portfolio includes senior housing communities, skilled nursing facilities and medical office buildings, has a 2.8% dividend yield. Analyst Jonathan Woloshin likes the diversity in its real estate holdings and geographic locations. Ventas has 1,400 properties across the United States, Canada and the United Kingdom. VTR YTD mountain Ventas The ongoing recovery in senior housing, which took a hit during the Covid pandemic, has led to an uptick in Ventas' senior housing occupancy levels, he pointed out. New senior housing supply is now at its lowest level since the first quarter of 2013, he noted. "The increase in occupancy is leading to stronger pricing power and margin improvement," Woloshin said. In addition, the inconsistent management execution seen in recent quarters has abated and ventas' shares are closing the valuation gap with the company's largest peer, he added. Shares are up about 16% year to date. Welltower also has a diversified portfolio. The company boasts more than 1,500 senior housing, post-acute communities and outpatient medical properties in the U.S., U.K. and Canada. It pays a dividend yield of about 1.8%. "WELL has a strong senior housing portfolio located in a number of high-barrier-to-entry markets, something that continues to benefit the company in a post- COVID-19 world," UBS analyst Thomas Parmentier wrote. "In addition, senior housing occupancy gains have bolstered WELL's stock price." WELL YTD mountain Welltower The stock, which is up 21% so far this year, is trading at a "significant premium valuation" to its peers, he pointed out. However, he thinks a premium is justified given Welltower's strong operational performance and growth. "WELL is in solid financial shape, in our view, with an investment-grade balance sheet, a good management team, manageable debt maturities, and solid access to liquidity," Parmentier said. "We believe the dividend is safe and could increase should operating results continue to improve." Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
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Altria
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https://www.cnbc.com/video/2025/08/14/trade-tracker-kevin-simpson-buys-more-mcdonalds-rtx-altria-and-hasbro.html?&qsearchterm=Altria
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Trade Tracker: Kevin Simpson buys more McDonald's, RTX, Altria and Hasbro
| 2025-08-14T00:00:00
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In this video
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Trade Tracker: Kevin Simpson buys more McDonald's, RTX, Altria and Hasbro
Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to detail his latest portfolio moves.
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Altria
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https://www.cnbc.com/video/2025/06/05/lightning-round-i-personally-would-not-own-altria-says-jim-cramer.html?&qsearchterm=Altria
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Lightning Round: I personally would not own Altria, says Jim Cramer
| 2025-06-05T00:00:00
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In this video
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Lightning Round: I personally would not own Altria, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: RELX, Altria, Gorilla Technology, Lincoln National, and EHang.
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Altria
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https://www.cnbc.com/video/2025/03/27/3-stock-lunch-walmart-altria-and-netflix.html?&qsearchterm=Altria
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3-Stock Lunch: Walmart, Altria and Netflix
| 2025-03-27T00:00:00
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3-Stock Lunch: Walmart, Altria and Netflix
Victoria Greene, G Squared Private Wealth CIO, joins 'Power Lunch' to discuss stock plays for three stocks.
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Altria
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https://www.cnbc.com/2024/11/14/cramers-lighting-round-im-not-going-to-recommend-altria.html?&qsearchterm=Altria
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Cramer's Lighting Round: 'I'm not going to recommend' Altria
| 2024-11-14T00:00:00
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Stock Chart Icon Stock chart icon Altria's year-to-date stock performance.
Altria : "Altria is undervalued, but I'm not going to recommend it because I'm not going to recommend tobacco stocks...I just don't think I should recommend something that is so bad for you."
Stock Chart Icon Stock chart icon Super Micro Computer's year-to-date stock performance.
Super Micro Computer : "...Accounting irregularities equal [sell, sell, sell!]."
Stock Chart Icon Stock chart icon Boeing's year-to-date stock performance.
Boeing : "...I prefer not to be in a stock that is going to lose a lot of money for a long time."
Stock Chart Icon Stock chart icon Becton Dickinson's year-to-date stock performance.
Becton Dickinson : "This stock has broken down severely...If Robert F. Kennedy Jr. is going to be the head of HHS, then it's going to hurt a lot of vaccines, it could hurt a lot of their business."
Stock Chart Icon Stock chart icon IDEAYA Biosciences' year-to-date stock performance.
IDEAYA Biosciences : "They have a lot of phase one stuff, and phase one is might early. Too early for me to bet on."
Stock Chart Icon Stock chart icon AstraZeneca's year-to-date stock performance.
AstraZeneca : "I just don't know what is wrong...My god is this thing going lower."
watch now
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Altria
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https://www.cnbc.com/2023/10/26/marlboro-maker-altria-mo-earnings-q3-2023.html?&qsearchterm=Altria
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Marlboro maker Altria reports declining revenue, citing competition from illicit e-vapor products
| 2023-10-26T00:00:00
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Packs of Marlboro cigarettes are displayed at a smoke shop on April 28, 2023 in San Francisco, California.
Altria Group, the parent company of Philip Morris USA and the nation's largest tobacco company, reported third-quarter results Thursday that fell short of Wall Street's expectations as demand for its core cigarette business cools and illicit e-vapor products flood the market.
Here's how the company did, compared to the consensus among analysts surveyed by LSEG, formerly known as Refinitiv:
Earnings per share: $1.28 adjusted vs. $1.29 expected
$1.28 adjusted vs. $1.29 expected Revenue: $5.28 billion adjusted vs. $5.43 billion expected
Altria's overall revenue fell in its third quarter, decreasing 4.1% year over year to $6.28 billion. Net of excise tax, the company recorded revenue of $5.28 billion, down 2.5%. The company said the drop was in part due to lower net revenues for its smokeable products.
Net earnings for the period were $2.17 billion, or $1.22 per share, compared with $224 million, or 12 cents per share, a year earlier. Adjusting for one-time items associated with the company's investment in Anheuser-Busch InBev as well as litigation and acquisition costs, Altria earned $1.28 per share.
The company narrowed its guidance for 2023 full-year adjusted EPS to a range of $4.91 to $4.98, or a growth rate of 1.5% to 3% from adjusted EPS of $4.84 in the prior year.
The Marlboro maker said its domestic cigarette shipment volume decreased 11.6%, primarily driven by wider declines across the industry and competition from illicit e-vapor products, among other factors.
In a conference call with analysts, Altria CEO Billy Gifford said the lack of regulation of illicit e-vapor products has come at the expense of legal operators and approved. It said enforcement by the FDA has been "inadequate and ineffective."
Although federal crackdowns have placed more restrictions on the flavors and marketing for tobacco products, illicit operators are skirting many tobacco-related laws and are flooding the market with disposable e-cigarettes that aren't FDA-approved and are illegal to sell.
In June, Altria completed its acquisition of NJOY's e-vapor product portfolio for approximately $2.75 billion. The deal included the product NJOY ACE, the only pod-based vape cleared for the U.S. market by the FDA.
The company said it expects ACE distribution to reach a total of 70,000 stores by the end of the year.
So far this year, Altria has recorded pre-tax charges of $424 million for tobacco litigation, including the settlement of JUUL-related litigation. In May, Altria settled at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic through its former investment in Juul.
Gifford said the company's traditional tobacco business was nevertheless "resilient in a dynamic operating environment."
"I believe we have the appropriate strategies and people in place to execute our growth plans. I continue to believe that we can achieve our vision and create long-term value for our shareholders," Gifford said in a statement.
Like many other tobacco companies, Altria is moving beyond traditional, combustible cigarettes and towards smoke-free products.
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Altria
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https://www.cnbc.com/2024/03/14/budweiser-owner-ab-inbev-slides-after-trading-suspension-as-altria-sells-stake.html?&qsearchterm=Altria
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Budweiser owner AB InBev slides 4% after trading suspension as Altria sells stake
| 2024-03-14T00:00:00
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AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024.
Shares of AB InBev, the world's biggest brewer, slipped more than 4% Thursday as trading resumed following a brief suspension amid emerging details of a sale by one of its major stakeholders.
Trading was suspended Thursday morning at the request of Belgium's Financial Services and Markets Authority after U.S. tobacco giant Altria said on Wednesday that it would cut its approximately 10% stake in the Belgian brewer.
Altria said it planned to sell 35 million of its 197 million shares in the company, representing about one-fifth of its total holding.
Trading of AB InBev resumed at 2 p.m. local time after details were released on the pricing of the share sale.
In a statement, the brewer said Altria's underwriters would pay 54.7 euros, or $60 per share, which is about 6.5% less than Wednesday's closing price of 58.82 euros per share. AB InBev said it plans to buy back $200 million worth of shares.
Shares were down 4.4% shortly after the resumption of trade.
The sale will see Altria's holding in the company reduced to around 8%.
Altria said it planned to use the proceeds from the sale to fund additional share buybacks of its own stock.
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Altria
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https://www.cnbc.com/2024/03/13/altria-group-plans-to-sell-35-million-ab-inbev-shares.html?&qsearchterm=Altria
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Altria Group plans to sell 35 million AB InBev shares
| 2024-03-13T00:00:00
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An automated production line of Budweiser beer is seen at a workshop of Anheuser-Busch InBev (Suqian) Beer Co LTD in Suqian, Jiangsu Province, China, April 12, 2023.
Marlboro maker Altria said on Wednesday it plans to sell 35 million shares of brewer Anheuser-Busch InBev .
Altria currently holds about 197 million shares of AB InBev, representing approximately 10% ownership.
As of last close, the share sale is worth $2.26 billion, according to Reuters calculations.
Altria plans to sell some of AB InBev's American depositary shares in the United States, as well as a private placement for the brewer's ordinary shares in the European Economic Area and the United Kingdom, the tobacco giant said.
AB InBev has agreed to repurchase $200 million of ordinary shares directly from Altria upon completion of the offering.
AB InBev's U.S.-listed shares were down 3.6% at $63.26 in extended trading.
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Altria
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https://www.cnbc.com/2023/08/22/altria-group-sues-juul-over-e-vapor-patent-infringement-.html?&qsearchterm=Altria
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Altria Group sues Juul over e-vapor patent infringement
| 2023-08-22T00:00:00
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A pedestrian walks by an advertisement for Juul on the door of a smoke shop in New York.
Marlboro maker Altria Group said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in — over patent infringement of certain e-vapor products.
In a complaint filed with the U.S. International Trade Commission, the tobacco conglomerate alleges that some of Juul's products, including its device and pods, infringe upon patents owned by NJOY.
Altria has called for a ban on the importation and sale of these Juul products.
"Protecting our intellectual property is critical to achieving our Vision," said Altria General Counsel Murray Garnick in a release. "JUUL has infringed upon our patents through the sale of its imported products, and we ask the ITC to impose appropriate remedies in response to these trade violations."
Altria bought full global ownership of NJOY's e-vapor product portfolio in June for approximately $2.75 billion. The deal included the product NJOY ACE, the only pod-based vape with market authorizations from the U.S. Food and Drug Administration.
In a statement to CNBC, a Juul spokesperson said, "We stand behind our intellectual property and will continue to pursue our infringement claims."
In addition to the lawsuit filed with the ITC, Altria filed a similar suit against Juul in the U.S. District Court for the District of Delaware.
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Altria
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https://www.cnbc.com/video/2023/07/01/marlboro-maker-altria-says-it-wants-to-move-away-from-cigarettes.html?&qsearchterm=Altria
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Marlboro maker Altria says it wants to move away from cigarettes. Here's how
| 2023-07-01T00:00:00
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Marlboro maker Altria says it wants to move away from cigarettes. Here's how
Altria, the parent company of Philip Morris USA and the nation's largest tobacco company, says it wants to help smokers transition away from cigarettes. The Marlboro maker is launching new products like e-cigarettes and heat-not-burn products. But Altria's pivot has raised eyebrows among its critics. Cigarettes and cigars made up about 89% of the company's sales in 2022.
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Altria
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https://www.cnbc.com/2023/03/06/marlboro-maker-altria-to-buy-njoy.html?&qsearchterm=Altria
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Marlboro maker Altria agrees to buy e-cigarette startup NJOY for nearly $2.8 billion
| 2023-03-06T00:00:00
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In a bid to strengthen its portfolio of smoke-free products, Altria Group said Monday it would buy e-cigarette startup NJOY for $2.75 billion.
Altria, which makes Marlboro cigarettes, will have full global ownership of NJOY's e-vapor product portfolio, including NJOY ACE, the only pod-based e-vapor product with market authorizations from the FDA.
"We believe we can responsibly accelerate U.S. adult smoker and competitive adult vaper adoption of NJOY ACE in ways that NJOY could not as a standalone company," Altria CEO Billy Gifford said.
The announcement comes soon after Altria exited its stake in electronic cigarette maker Juul Labs. Altria acquired a stake in Juul Labs that was valued at $12.8 billion in 2018, but the deal quickly soured amid scrutiny from federal regulators and thousands of lawsuits that claimed the Juul had targeted minors. Altria's Juul stake was recently valued at $250 million, according to Reuters.
Juul came close to filing for bankruptcy in November, and its products remain under scrutiny of the Food and Drug Administration, which pulled them off shelves nationwide briefly did last year. In September, Altria ended its noncompete agreement with Juul.
The Altria-NJOY deal includes $500 million in cash payments contingent on certain regulatory outcomes with NJOY products.
NJOY has six products that have received full approval for sale from the U.S. Food and Drug Administration. It's one of the few vaping companies whose products have clearance from federal regulators.
"We believe the strengths of our commercial resources can benefit adult tobacco consumers and expand competition," Gifford added.
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Tesla
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https://www.cnbc.com/2025/10/01/stocks-making-biggest-premarket-moves-lithium-americas-aes-nike-and-more.html?&qsearchterm=Tesla
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Stocks making the biggest premarket moves: Lithium Americas, AES, Sunrun, Peloton, Nike and more
| 2025-10-01T00:00:00
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Check out the companies making headlines before the opening bell: AES — The renewable and thermal power producer climbed 11% after a Financial Times report that Blackrock-owned Global Infrastructure Partners is in late-stage talks to acquire the Virginia-based utility. Bank stocks — Financials fell broadly as traders weighed the economic ramifications of the U.S. government shutdown. JPMorgan Chase and Goldman Sachs lost about 0.6%., Wells Fargo fell 0.8% and Citigroup shed 1%. Sunrun — The solar panel maker rose nearly 5% after a Jefferies upgrade to buy from hold highlighted Sunrun's strong cash generation. Peloton — The exercise equipment maker added 5% after it said it is revamping its product assortment , launching a commercial equipment line and raising prices for both subscriptions and hardware ahead of the holiday season. Nike — The athletic shoe and clothing maker rose about 4% after beating Wall Street expectations for both revenue and net income in the first fiscal quarter and saying it sees better-than-expected sales growth. Nike warned that sales could slide this holiday season, however, and that it is experiencing higher tariff costs than previously anticipated. Coinbase — The cryptocurrency platform advanced more than 2% after BTIG initiated research coverage with a buy rating, and crypto-related stocks are moving higher Wednesday as bitcoin rallies. Additionally, The Information said Tuesday that the U.S. Securities and Exchange Commission is developing a plan to regulate stock trading on blockchains — a regulatory shift that could benefit Coinbase. Netflix — The media streaming stock fell more than 1% after Tesla CEO Elon Musk posted Wednesday on X that users should cancel their Netflix subscriptions, kicking off a wave of boycott calls. Delta Air Lines — The Atlanta-based carrier added about 1%. Jefferies upgraded Delta to buy from hold, saying it had increased confidence in wider fourth-quarter profit margins. Carvana — The used-car seller advanced 1% after it debuted same-day delivery services in the San Francisco Bay Area. Lithium Americas — Shares jumped 32% after the Department of Energy said Tuesday it plans to take a 5% equity stake in the lithium miner. Wolfspeed — The chipmaker added another 1% after formally exiting Chapter 11 bankruptcy protection, saying it reduced its total debt by some 70%, cut its annual cash interest costs by about 60% and has "ample liquidity" to continue supplying customers. — CNBC's Alex Harring, Fred Imbert and Sarah Min contributed reporting.
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Tesla
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https://www.cnbc.com/2025/10/01/wednesday-stocks-from-analyst-calls-like-nvidia.html?&qsearchterm=Tesla
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Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Delta, Carvana, Coinbase and more
| 2025-10-01T00:00:00
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Here are Wednesday's biggest calls on Wall Street: Seaport initiates Apple as buy Seaport said Apple products leave the company well positioned for the long haul. "We expect Apple t o have a good year on this year's product line-up, with Apple Air trending well and boding a stronger future for further price increases as an affordable phone (maybe) comes out next year." Wells Fargo initiates Snowflake as overweight Wells Fargo said it sees a slew of catalysts ahead for the stock. "We see a favorable tactical setup for NOW shares into 4Q given a number of key catalysts, most notably potential for 3Q upside driven by US Public Sector & 4Q's signif renewal cohort. Remain constructive into year-end, esp w/ shares ~30x '27 EV/FCF." Bank of America reiterates Nike as buy Bank of America said the turnaround is "underway" following Nike earnings on Tuesday. "We reiterate our Buy rating; better than expected wholesale sales gives us increased confidence that the turnaround is well underway." JPMorgan reiterates Apple as overweight The firm said its survey checks show consumers willing to participate in Apple's upgrade cycle. "Series, with key takeaways including: 1) A strong and robust cycle for the iPhone 17 Series relative to the iPhone 16 Series, led by upgraders, while interest from switchers is modestly softer compared to the prior year, even as; 2) Both upgraders and switchers are showing a higher preference for high-end models compared to the prior year." Jefferies upgrades Delta to buy from hold Jefferies said the airline is "compelling." "We upgrade DAL to Buy alongside Buy-rated UAL, viewing the pair as carrying the highest upside to Q4 guides & most compelling margin theses through 2026 and beyond." Jefferies upgrades Sunrun to buy from hold Jefferies said in its upgrade o f Sunrun that it is well positioned heading into 2026. "We U/G to Buy with a refreshed PT of $21 ahead of 2025 cash generation expected within guidance range and likely even more cash gen in 2026 as safe harbor expenses roll off." Wells Fargo adds CrowdStrike to the tactical ideas list Wells Fargo raised its price target to $600 per share from $550. "We believe CrowdStrike's momentum continues to build, as the company is finally back on offense. With the most advanced security platform in the industry, we believe growth is set to accelerate and reiterate an OW rating and raise our PT to $600." Jefferies upgrades Carvana to buy from hold Jefferies said it sees "elevated growth" for Carvana. "The results of our consumer survey, proprietary web scape, and capacity analysis all support CVNA continuing to deliver elevated growth and upside to consensus." RBC upgrades Mercury Systems to outperform from sector perform RBC said the company is "well positioned as a merchant supplier of defense mission-critical processing systems." "We upgrade shares of Mercury Systems (MRCY) to Outperform from Sector Perform." Barclays downgrades AT & T to equal weight from overweight Barclays downgraded the stock mainly on valuation. "Downgrade AT & T to EW with valuation now more reflective of operational improvement." HSBC upgrades Autodesk to buy from neutral HSBC said the software company is well positioned for artificial intelligence. "We think that Autodesk is strategically well placed to benefit from AI." Evercore ISI downgrades Allstate to in line from outperform Evercore ISI downgraded the insurer on valuation. "We downgrade ALL t o In Line from Outperform as the risk reward is more balanced after a solid run YTD." Goldman Sachs initiates Glaukos as buy Goldman Sachs said in its initiation of Glaukos that the ophthalmology company is well positioned. "Ophthalmology represents one of the largest global market opportunities in MedTech, with our expanded coverage having an aggregate > $60 billion exposure to this in the following key areas: (1) Soft Contact Lenses and Consumer Products; (2) Surgical (for both glaucoma and cataract procedures); and (3) Ophthalmic Pharmaceuticals." Baird upgrades United Rentals to outperform from neutral Baird said it sees "industry stabilization" for the equipment rental company. "Fo r URI, our primary focus remains on the trajectory of growth/earnings; growth reacceleration in 2026 is likely to drive shares higher, despite a higher current valuation relative to historical levels." HSBC initiates Repligen as buy HSBC said the health-care company has "portfolio breadth." "Repligen offers pureplay exposure to bioprocessing, one of the highest growth areas in the sector." Goldman Sachs upgrades Beta Bionics to buy from neutral Goldman Sachs said it is bullish on the medtech company. "Upgrade Beta Bionics (BBNX) from Neutral to Buy." TD Cowen initiates Macom Technology Solutions as buy TD Cowen said it is bullish on the semis company. "We see MACOM benefiting from secular growth drivers across its three end markets as the company delivers the highest RF power, highest frequency, and highest data rates for its customers." TD Cowen downgrades Marvell to hold from buy TD Cowen said it has limited visibility on Marvell shares. "Net, we prefer to take to the sidelines and await better visibility and more solid positioning before recommending shares." Bank of America reiterates Dell as buy Bank of America raised its price target to $170 per share from $167. " Dell's SAM [Securities Analyst Meeting] is scheduled for Oct. 7th, and we believe the biggest topics for the event are 1) AI server rev trajectory and TAM, 2) the durability and margins around AI servers, 3) a clear roadmap for Storage (AI server attach, plan to regain share, etc.) and 4) true viability & demand for AI PCs." TD Cowen initiates Semtech as buy TD Cowen said the semis company is well positioned for data center connectivity. "De-levered and re-focused, we initiate on Semtech with a Buy rating." William Blair reiterates Tesla as market perform The firm raised its delivery estimates for Tesla but said it is getting harder to stick with its market perform rating on the stock. "As expected, the end of the EV tax credit has caused a pull forward in demand, but it has been stronger than we originally estimated. U.S. demand for the new Model Y has been a bright spot, and a return in China and rest of world has offset the continued weakness in Europe." JPMorgan upgrades Banc of California to overweight from neutral JPMorgan said the regional bank is best positioned for lower rates. "We view Banc of California as skewing more liability sensitive in a backdrop of lower short-term rates." Evercore ISI upgrades Samsara to outperform from in line Evercore ISI said it sees a slew of positive catalysts ahead for the software company. "Upgrading Samsara ( IOT) to Outperform and raising our price target to $50, based on a constructive multi-year outlook driven by: 1) expanding product breadth across underpenetrated core markets, 2) a proven beat-and-raise execution framework…" TD Cowen reiterates Nvidia as buy The firm said it is bullish on Nvidia's high-speed interconnect technology, NVLink. "NVIDIA is the market incumbent with its NVLink offering, and we see the proliferation of NVIDIA-based systems as a wide moat for the company in the scale up switch market." RBC downgrades GE Vernova to sector perform from outperform RBC downgraded the stock mainly on valuation. "We continue to see GEV benefiting from strong demand for energy generation/distribution and from positive price dynamics and productivity improvements. However, we believe this is now more fully reflected in current valuation and consensus expectations through the end of the decade." BTIG initiates Coinbase as buy BTIG said the crypto company is firing on all cylinders. "We are initiating coverage of Coinbase Global (COIN) with a Buy rating and $410 price target."
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Tesla
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https://www.cnbc.com/2025/10/01/apple-openai-ask-us-judge-to-dismiss-musks-suit-over-competition-claims.html?&qsearchterm=Tesla
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Apple, OpenAI ask U.S. judge to dismiss Musk's suit over competition claims
| 2025-10-01T00:00:00
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Apple's , opens new tab deal with ChatGPT owner OpenAI is not "exclusive" and does not harm competition, Apple's lawyers said as they asked a U.S. judge on Tuesday to dismiss a case filed by billionaire Elon Musk's OpenAI rival xAI.
Musk's xAI is seeking billions of dollars in damages, saying Apple would have no reason to more prominently feature the X app and the Grok app in its App Store because of the "exclusive" deal with OpenAI.
Under a deal announced in June 2024, Apple has integrated ChatGPT into its operating system for iPhones, iPads and Macs. Musk owns both X and xAI, which owns the Grok chatbot.
Apple and OpenAI have "locked up markets to maintain their monopolies and prevent innovators like X and xAI from competing," the lawsuit filed by xAI in August claimed.
"Apple and OpenAI's agreement is expressly not exclusive, and it is public and widely known that Apple intends to partner with other generative AI chatbots," lawyers for Apple said.
In a separate filing, lawyers for OpenAI accused Musk of waging "a campaign of lawfare" against OpenAI and ChatGPT, referring to earlier suits that Musk, who is also the CEO of Tesla , opens new tab and SpaceX, has filed against the company. They too asked the judge to dismiss the case.
Musk's xAI "has not alleged any non-speculative harm rising directly out of ChatGPT's integration as an option for certain features on certain iPhones — and certainly not the species of unlawful, anticompetitive harm targeted by antitrust law," lawyers for OpenAI wrote.
Musk is separately suing OpenAI and its CEO Sam Altman in federal court in California to stop its conversion from a nonprofit to a for-profit business. Musk cofounded OpenAI with Altman in 2015 as a nonprofit.
xAI did not immediately respond to a request for comment outside regular business hours on Apple and OpenAI seeking dismissal of the suit.
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Tesla
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https://www.cnbc.com/2025/10/01/ford-ceo-jim-farley.html?&qsearchterm=Tesla
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Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns
| 2025-10-01T00:00:00
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In this article F Follow your favorite stocks CREATE FREE ACCOUNT
Jim Farley, president and chief executive officer of Ford Motor Co., at Ford Pro Accelerate in Detroit, Michigan, US, on Tuesday, Sept. 30, 2025. Jeff Kowalsky | Bloomberg | Getty Images
DETROIT — "A lot of surprises." That's how Ford Motor CEO Jim Farley described his past five years leading the Detroit automaker, which he believes now has a solid foundation. For Farley, who marks his fifth anniversary as CEO on Wednesday, there have been industry-wide problems to deal with, as well as Ford-specific issues that the company is still in the process of navigating. The 63-year-old CEO has been working to make Ford more capital efficient, improve quality to reduce recall and warranty costs, and grow profit margins. That's on top of industry-wide concerns about changing regulations, including tariffs, and shifting dynamics in electric and autonomous vehicle strategies. "I think there were certainly a lot of surprises," Farley told CNBC on the sidelines of a Ford event Wednesday in Detroit. "I would say what I'm most proud of is the team I built, together with [Ford Chair Bill Ford], as well as the foundation." Farley said it's still going to "take more work," but the company has a good base after years of restructuring to perform better than it has under his tenure thus far. He's optimistic about Ford continuing to improve the company's overall performance and grow shareholder value. "We need to get more capital efficient. We need to have higher margins than 4% or 5%, and we we need to be more resilient to economic cycle," Farley said, adding some recent changes in regulations from the Trump administration may be more beneficial than Wall Street expects for Ford.
Investor 'surprise'
Despite the company's ongoing challenges, Ford stock has been a surprising return for investors that have stuck with the automaker, which remains a "hold" based on average ratings of Wall Street analysts compiled by FactSet. While Ford's stock price hasn't increased as much as General Motors , Tesla or the overall S&P 500 index over the past five years, its total shareholder return — including a historically strong dividend — has made it a better investment than many of its peers.
Stock Chart Icon Stock chart icon Auto stocks since October 2020
Ford's total shareholder return over the past five years is roughly 134%, according to FactSet. That tops its largest global competitors other than Tesla – at 211% – over that time period. GM, Ford's closest rival, has a total return of about 113% over that time period — in line with the S&P 500, according to Factset. U.S.-listed shares of Toyota Motor , meanwhile, had a cumulative total return of 61%, while Honda Motor shares had a total return of 51%. On a per share basis, Ford stock closed Tuesday at $11.96 per share, up roughly 80% since Farley became CEO on Oct. 1, 2020. That compares with Tesla, up 211% to nearly $445; GM increasing 106% to roughly $61; and the overall S&P 500 index with a 99% increase since then. Farley has managed to woo Wall Street more than his two most recent predecessors — both of whom departed the company after double-digit losses in Ford's stock price. Farley became the head of Ford amid more than decade lows in the company's stock price following the onset of the coronavirus pandemic in the U.S. He took over from CEO Jim Hackett, who was recruited by Chair Bill Ford to replace longtime executive Mark Fields. Ford's stock under Hackett, ex-CEO of furniture maker Steelcase, declined roughly 40% during his tenure from May 2017 through September 2020. It was slightly better under Fields' roughly three-year tenure, when the stock declined around 35%. The stock's best performance in the past 25 years occurred under CEO Alan Mulally, from September 2006 through July 2014, when shares jumped roughly 178%. Ford's stock saw its lowest point under Farley when he took over the company in 2020. Its high during the past five years was $25.87 per share in January 2022, which occurred during the automaker's push into electric vehicles such as the F-150 Lightning and notable upgrades. At that time, Ford's market value topped $100 billion for the first time ever. It's now less than half that around $48 billion, with the stock off 54% from that high. That compares to GM's market cap of about $58 billion.
Road ahead
To achieve further upside, the company will need to address several factors, including quality and recall issues as well as costs — areas Farley has tried to combat for years. Ford has spent billions of dollars on warranty and recall problems in recent years, setting industry-wide records for the number of recalls in 2025. "To justify further upside for Ford it would require a multiple re-rating, which we believe may be a challenge," Barclays analyst Dan Levy said in a Sept. 12 investor note, citing overhangs of structural costs, quality and recalls. "The ongoing cycle of recalls remains a challenge, and it's unclear when this cycle might end." While there have been improvements, the company remains at a disadvantage to its peers when it comes to costs. In 2023, Ford said it faced an overall cost disadvantage of between $7 billion and $8 billion, including $3 billion to $4 billion in material costs and $3 billion in structural costs, in addition to ongoing recall costs that the company considers "special items." Since then, Ford has been working to trim that figure and improve its product and quality, including closing roughly $1.5 billion in its material cost gap last year. The company, executives said in July, is on track for another $1 billion reduction in costs this year, excluding tariff impacts — increasing that figure to $2.5 billion. "GM's still better than us on cost, but we made a lot of progress this year," Farley said Tuesday. "First time, without restructuring, we got a billion year-over-year cost down, which is a big deal."
Ford Motor President and CEO Jim Farley talks about the Mustang GTD during the press day of the North American International Auto Show in Detroit, Michigan, U.S. September 13, 2023. Rebecca Cook | Reuters
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Tesla
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https://www.cnbc.com/2025/09/30/palantir-direct-listing-five-year-anniversary.html?&qsearchterm=Tesla
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Palantir's stock is up 1,700% since its NYSE debut five years ago. Here's how it got there
| 2025-09-30T00:00:00
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In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT
People walk by a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reutersa
When Palantir hit the stock market in September 2020, there was a lot that could go wrong. The Covid pandemic was sweeping across the globe, society was in lockdown and markets were volatile. Meanwhile, Palantir was operating at a loss while dealing with ongoing criticism over its government work, in particular with U.S. Customs and Immigration. And the company was going public through a direct listing rather than a traditional IPO. At its opening price of $10 per share, Palantir was valued at $16.5 billion, down from its private market peak of $20.4 billion in 2015. "It was the beginning of the pandemic, no one knew what was happening," CFO David Glazer said in an interview. "The stock market wasn't ripping, everyone wasn't trying to go public, and we decided to go public as quickly as possible." Exactly five years later, Palantir has reached heights that would've been hard for even the biggest bulls to fathom. The stock price has surged more than 1,700%, closing on Tuesday at $182.42 for a market cap of over $432 billion. That puts it among the 20 most-valuable U.S. companies, and above tech stalwarts like Cisco and IBM . Last year, Palantir joined the S&P 500, replacing American Airlines . Quarterly revenue surpassed $1 billion for the first time last quarter, and is expected to reach $4.2 billion this year, according to analysts surveyed by LSEG, up almost sixfold from 2019. The company's roster of customers grew from 125 in the first half of 2020 to 849 at the end of June. During that time, Palantir has added 1,500 full-time employees. CEO Alex Karp, who founded the company in 2003 alongside notable investors like Peter Thiel and Joe Lonsdale, was exerting optimism on day one of Palantir's life on the public market. "We've reached a base where our company is very significant," Karp, who holds a law degree from Stanford and PhD in neoclassical social theory from Goethe University in Frankfurt, Germany, told CNBC in an interview on listing day. "Being in the public space will help us with our clients and help us grow."
Its dizzying ascent since then has perplexed Wall Street, which is unfamiliar with these kinds of multiples, especially for companies of this size. Palantir trades for 226 times earnings over the next 12 months, with a forward revenue multiple of over 80. Those numbers dwarf even the multiples on Tesla , which trades for 194 times forward earnings and 14 times revenue over the next year. In a report last month, Citron Research's Andrew Left, a noted short-seller, called Palantir "detached from fundamentals and analysis." When compared to OpenAI's recent $500 billion valuation, he said Palantir should be priced at $40, or less than one-quarter of its current price, if it was assessed the same revenue multiple as the artificial intelligence startup. "Karp and his team should be proud. But for investors, that's where discipline kicks in," Left wrote. "Comparison is the enemy of happiness, and when measured against true AI leaders, Palantir's price already reflects success beyond its fundamentals." Karp, who doesn't shy away from a dispute, recently told detractors to "exit" if they "don't like the price." "We are going to be the most important software company in the world, and people will figure out what that's valued over a long period of time," Karp said on the day of the company's NYSE debut. Palantir declined to make Karp available for an interview.
Alex Karp, CEO of Palantir, attending the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 9, 2025. David A. Grogan | CNBC
Valuation isn't the only source of controversy. Critics have also raised concerns about how Palantir's tools are being used by the likes of ICE and other government agencies. Palantir was founded as a response to national security threats in the wake of 9/11. The company developed hefty software that it helped customize for clients to enable them to compile and analyze large data sets. On its website, Palantir says that it's partnered with the U.S. Army since 2008, "embedding alongside users to design and deploy modern mission essential software solutions." Federal documents from April show that ICE paid Palantir $30 million to provide "real-time visibility" on people self-deporting. Earlier this year, the New York Times reported that Palantir is helping the Trump administration gather data on Americans. In a blog post, Palantir called the reporting "reckless and irresponsible." Karp said in a June interview with CNBC that Palantir was "not surveilling Americans."
'Not just about Israel'
The company has also faced backlash for providing technology to the Ukrainian and Israeli militaries. Karp told CNBC in March 2024 that employees had left the company due to his public support of Israel, and that he expected more to leave. Palantir took out a full-page ad in The New York Times following the deadly Oct. 7 attack by Hamas the prior year that said the company "stands with Israel." "From my perspective, it's not just about Israel," Karp said in the CNBC interview. "It's like, 'Do you believe in the West? Do you believe the West has created a superior way of living?'" Over the last five years, Palantir has scooped up big government deals against contractors like RTX and partnered with aerospace giants such as L3Harris and Boeing . Over the summer, the company landed a software and data contract with the Army worth up to $10 billion. Karp has long been an unapologetic defender of Palantir's business pursuits. Originally headquartered in Palo Alto, California, Karp moved the company to Denver in 2020 as he grew increasingly disgruntled with what he viewed as Silicon Valley's monoculture. In a letter to investors ahead of its direct listing, Karp said, "the engineering elite" of Silicon Valley do not know "how society should be organized or what justice requires" and that the company shares "fewer and fewer of the technology sector's values and commitments."
watch now
While Palantir has been a standout performer on the market over the past five years, long-term investors had to weather some dark days along the way. By the end of 2020, Palantir's stock had jumped to $23.55, a gain of almost 136%. In Karp's letter ahead of the direct listing, he asserted that "effective software can be essential to an organization's survival" during times of crisis. Skepticism started building in the second half of 2021. Early the following year, rising interest rates and soaring inflation pushed investors out of risky securities and into safer assets like bonds. Palantir shares lost two-thirds of their value in 2022, closing the year at $6.42, well below the direct listing price. But November of that year brought with it the introduction of ChatGPT and a new era of AI that revived and redefined the tech industry. Palantir launched its AI platform called AIP in April 2023. It was designed to help securely integrate large language models when dealing with sensitive data, making it much faster and more efficient for Palantir's technology to pull in and analyze information. The company has attributed much of its expansion in the commercial market to AIP. Government business still accounts for most of its revenue, but Palantir has attracted corporate clients such as Wendy's and American Airlines. Glazer said on the latest earnings call in August that the total contract value of bookings in the quarter soared 185% to $1.1 billion, with U.S. commercial revenue jumping 93% from a year earlier.
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Tesla
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https://www.cnbc.com/video/2025/09/30/tesla-chief-designer-franz-von-holzhausen-the-future-should-look-like-the-future.html?&qsearchterm=Tesla
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Tesla chief designer Franz von Holzhausen: The future should look like the future
| 2025-09-30T00:00:00
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Tesla chief designer Franz von Holzhausen: The future should look like the future
Franz von Holzhausen, Tesla chief designer, joins 'Power Lunch' to discuss the message Holzhausen is planning on announcing, how investors should understand Elon Musk's role at Tesla and much more.
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Tesla
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https://www.cnbc.com/2025/09/30/tuesday-stocks-from-analyst-calls-like-nvidia.html?&qsearchterm=Tesla
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Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Amazon, Meta, CoreWeave, Celsius and more
| 2025-09-30T00:00:00
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Here are Tuesday's biggest calls on Wall Street: Goldman Sachs initiates Golar LNG as buy Goldman Sachs said the nat gas company is compelling. "We initiate coverage of Golar LNG (GLNG) with a Buy rating." BTIG downgrades Instacart to neutral from buy BTIG downgraded the stock due to rising competition. "We are downgrading CART from Buy to Neutral in light of ongoing negative competitive developments." BMO initiates TransDigm Group as outperform BMO said it is bullish on the aerospace component parts company. "We initiate on TransDigm (TDG) at Outperform with a $1,420 target and 10% return." Bernstein reiterates Netflix as outperform The firm said a purchase of Warner Bros. Discovery by Netflix is not likely. "As the House of Ellison deliberates its next move, investors are assessing who else could be considering a bid for WBD. Among the possibilities, NFLX stands out as interesting. We have considered the scenario, but not as a likely outcome, largely because it is unclear what strategic value NFLX would realize, or what it could achieve without WBD." UBS upgrades Fidelity Information Services to buy from neutral UBS upgraded the fintech company and said it sees an attractive risk/reward. "We upgrade FIS to Buy after having been Neutral rated due to a fair valuation, balanced risk-reward, and multiple quarters of uneven results." Bank of America upgrades Freeport-McMoRan to buy from neutral The firm said the risks are priced in for the mining company. "We see FCX as blue-chip copper exposure." Evercore ISI initiates CoreWeave as outperform Evercore ISI said investors should buy the dip in CoreWeave shares. "While we concede there are a wide range of outcomes and the stock will be volatile near-term, there's higher probability CRWV is able to sustain and scale their differentiation from training to inferencing as they benefit from running an 'at scale AIas- a service' for customers beyond the current cohort. Initiate with OP and $175 Target Price." Goldman Sachs downgrades Spotify to neutral from buy Goldman Sachs downgraded Spotify on valuation. "That said, we see a balanced risk/reward on current shares and increasingly see more of this forward growth priced in at current levels." Citi reiterates Nvidia as buy Citi raised its price target on shares of Nvidia. "We lift our TP to $210 from $200 on consistent 30x P/E times revised CY26E ~$7 earnings power and view GTC [Global AI conference] Washington Oct 27-29 as a potential catalyst for the stock." Read more. Morgan Stanley upgrades Celsius to overweight from equal weight Morgan Stanley said the energy drink company is too attractive to ignore. "While CELH stock is up sharply from its lows, it's pulled back ~10% over the past month, and we see an attractive 2:1 bull/bear skew from here." Goldman Sachs reiterates Netflix as neutral Goldman Sachs raised its price target ahead of Netflix earnings on Oct. 21. "We reiterate our Neutral rating (on the shares on the back of a balanced risk/reward from current levels) and slightly lower our 12-month PT from $1,310 to $1,300 on unchanged multiples." Stephens initiates Dorman Products as overweight Stephens said the auto parts company is an "inflation winner." "We are initiating coverage of Dorman Products (DORM OW $185 PT) with an Overweight rating and $185 PT." Needham reiterates Apple as hold Needham said Apple has not raised iPhone prices enough to keep up with inflation. "We link AAPL's inability to increase prices to its inability to introduce new killer apps and differentiated features that would give it pricing power above inflation." Canaccord reiterates Tesla as buy Canaccord raised its price target to $490 per share from $333. "So, here we are again with Tesla , having those very deliberations. We wrote a note in early January where we underwent the same debate and inked our struggles on paper — 'To downgrade or not to downgrade; that was the question.' We kept our BUY rating. And despite the volatile ride since, we're glad we did." Goldman Sachs initiates Royalty Pharma as buy The firm said in its initiation of the biopharma company that Royalty Pharma is well positioned for growth. "Uniquely Positioned In Early Innings of Long-Term Royalty Market Growth." Mizuho initiates Amazon as outperform Mizuho said it sees a slew of positive catalysts ahead for the e-commerce giant. "We like Amazon on the expansion of AWS infrastructure, poised to benefit from the scaling AI inference opportunity and on expanding retail margins, driven by improving efficiency and fast-growing advertising." Mizuho initiates Meta as outperform Mizuho said Meta is best positioned for artificial intelligence. "We launch coverage on META with Outperform and $925 Price Target; it is our favorite long-term holding in Internet. META has the best leverage to AI/ML and GenAI in our space, which is transforming its consumer product, user engagement, ad products, and operations." Oppenheimer upgrades Semtech to outperform from perform The firm upgraded the semis company following constructive management meetings. "We are raising estimates and upgrading shares of SMTC to Outperform from Perform after hosting mgmt. meetings with investors last week." Deutsche Bank initiates Array Technologies as buy Deutsche Bank said the renewable software company is a turnaround story. "We initiate coverage on Array Technologies (ARRY) with a Buy rating and our 12-month Price Target is $11/sh. Implied upside is ~33." Deutsche Bank initiates Nextracker as buy Deutsche Bank said shares of the solar company have plenty more room to run. "We initiate coverage on Nextracker Inc . ( NXT) with a Buy rating and our 12-month price target of $88/sh, implying upside is 20%." Canaccord initiates FirstCash Holdings as buy Canaccord called the pawn shop company the "gold standard in an attractive industry deserving of a premium multiple." "After many questions by investors for longer than we can remember (why don't you cover FirstCash??), today we are initiating coverage o f FirstCash (FCFS) with a BUY rating and $200 PT."
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Tesla
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https://www.cnbc.com/2025/09/29/jim-cramer-explains-why-he-thinks-the-ai-boom-is-different-than-the-dotcom-bubble.html?&qsearchterm=Tesla
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Jim Cramer explains why he thinks the AI boom is different than the dotcom bubble
| 2025-09-29T00:00:00
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CNBC's Jim Cramer on Monday pushed back against the narrative that Wall Street's fervor for artificial intelligence is the same as the dotcom bubble of 2000, saying there are major differences in terms of the quality and funding of the current Big Tech stocks that are leading the market to new heights.
"Speaking as an internet pioneer, what I see now is the polar opposite of what we were seeing 25 years ago. When the dotcoms made bad investments, nearly all of them went under," he said. "But, worst case scenario, if Google and Amazon and Meta make bad investments and take big losses, that's just another day at the office."
Cramer explained that some on Wall Street doubt the validity of hyperscalers' huge investments in AI and data centers, and they fear the AI boom will bust and send the market into chaos like what happened at the end of the dotcom era.
But Cramer suggested that each of the major players in the space — namely Nvidia , Microsoft , Meta , Apple , Alphabet , Amazon and Tesla — are all "developing a reputation for something different" and are more substantive than many of the dotcom companies. He noted that most of the data centers are being built by these massively rich companies, which was not the case for some dotcom-era outfits that bought infrastructure and fell into debt. However, he said he was somewhat concerned with Oracle 's announcement it would build data centers with "big money from OpenAI," as "we have no idea where that money's really going to come from."
He also suggested that the tech megacaps aren't "the types of companies that will roll over and go under in a few months' time." Instead, he said that for the most part, they're flush with cash and could pivot and write off debt if they needed. He also expressed optimism that these companies will continue to succeed as AI technology becomes more and more advanced.
However, despite his confidence in Big Tech and the AI thesis, Cramer said he doesn't think investors should stop scrutinizing major stock moves and investments in the space.
"So, should we take the dotcom bomb scenario off the table? Oddly, I don't want it to be taken off the table," he said. "See, The skepticism keeps things in check. If there weren't such a negative bent to the story right now, everyone would be in this pool, and we'd all drown."
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Tesla
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https://www.cnbc.com/2025/09/29/tuesdays-big-stock-stories-whats-likely-to-move-the-market-in-the-next-trading-session.html?&qsearchterm=Tesla
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Tuesday's big stock stories: What’s likely to move the market in the next trading session
| 2025-09-29T00:00:00
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Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching on Monday and what's on the radar for Tuesday's session. Markets in the green The Dow , S & P 500 and Nasdaq all finished higher as Nvidia rebounded. The Russell 2000 also finished in the green and is on pace for a fifth straight monthly gain — its longest streak since 2021. Robinhood topped the S & P 500 as the stock looks to close out its sixth straight positive month. With a $121 billion market cap, Robinhood is now worth more than KKR . Williams-Sonoma sank to the bottom of the S & P 500 after President Donald Trump threatened furniture tariffs Friday. Tesla powers through September Tesla is on track for its best month since November 2024, when Trump won the presidential election. The stock is also aiming for a fifth straight weekly gain, matching a streak last seen in December 2023. Last week, Deutsche Bank raised its Tesla price target , citing artificial intelligence initiatives as a potential stock booster. Low energy Last week, energy led the market — on Monday, it was the biggest laggard. The sector is now on track to snap a 4-month winning streak, matching one that ended in 2023. The pullback comes as oil prices slipped after OPEC+ signaled another output hike in November. Nike earnings on the way Nike reports quarterly results Tuesday after the bell. Investors are watching for sales pressure from fewer promotions and inventory cuts, while gauging progress on turnaround efforts. The stock is coming off its fifth straight negative week, which threatens a 4-month win streak. Since Elliott Hill became CEO last October, shares have fallen 15%. Nike shares are down more than 10% in September, and are off 8% year to date. As it stands, Nike shares are on track to post a fourth consecutive down year. NKE YTD mountain Nike shares year to date AT & T and Ford in focus Don't miss "Squawk Box's" interviews with AT & T CEO John Stankey (7:30 a.m. ET) and Ford CEO Jim Farley (8:30 a.m. ET). AT & T shares have climbed more than 20% in 2025 but have remained negative over the past two years. Ford is on track for its fifth straight positive month, matching a streak last seen in 2020. Year to date, the automaker's stock is up 22%. However, just like AT & T, the stock is still negative over the past two years. Bitcoin bounces back Bitcoin climbed above $114,000 after notching its best day in more than a month. (Hat tip to Nick Wells.) Ether logged its strongest day in more than two weeks, but it's still heading for its worst month since March. BTC.CM= 3M mountain Bitcoin performance over the past three months
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Tesla
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https://www.cnbc.com/video/2025/09/29/tesla-is-the-og-meme-stonk-says-barclays-dan-levy.html?&qsearchterm=Tesla
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Tesla is the 'OG meme stonk,' says Barclays' Dan Levy
| 2025-09-29T00:00:00
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In this video
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Tesla is the 'OG meme stonk,' says Barclays' Dan Levy
CNBC’s “The Exchange” team discusses Tesla's stock performance and why it may be considered the original meme stock with Dan Levy, senior equity research analyst at Barclays.
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Nvidia
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https://www.cnbc.com/2025/10/01/jim-cramer-5-biggest-money-mistakes-i-still-regret-even-today.html?&qsearchterm=Nvidia
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Jim Cramer: Billionaires 'won't save you—they're out for themselves.' Here are 5 biggest money mistakes 'I still regret' today
| 2025-10-01T00:00:00
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If picking great companies and buying their stocks seems so simple, why can't we all make money? Why do so many investors get discouraged or call stocks too risky? Mistakes, that's why. We make mistakes and we get defeated. I make mistakes, not all the time, but often enough to get discouraged myself. I question my abilities both off the air and on the air. But every time you make a mistake, you learn. Boneheaded mistakes are how you get better. Early in my hedge fund days, I kept losing trade tickets in a shoebox and reviewed them monthly. That painful exercise taught me more than my winners ever did. Finding the next Nvidia, Apple, or Microsoft requires practice ... and practice means learning from errors. So let me share some blunders. Take my lessons and apply them to your own life, and your own investing — and avoid the mishaps I still regret even today.
1. Your stocks will tell you when to sell.
What happens if you have really picked a clunker? We don't have to obsess about our stocks. But we can't be complacent at quarterly earnings time. When something is drastically wrong after a company reports, you need to blow that stock out of your portfolio right then. If the stock is really getting obliterated, and you can't figure out why, that means big sellers know more than you and you must take the loss, no matter how big the decline. You don't want your stocks to go to zero. I learned this with Bausch Health. The CEO painted a rosy picture, but the company missed badly and faced earlier-than-expected patent expirations. The stock plunged nearly 50% in minutes. I thought it was panic-selling and stayed put. Wrong. It was smart selling. Months later, it was cut in half again, costing my charitable trust a fortune.
2. Don't make excuses for management.
Management turmoil often means sell, no matter how good the franchise. I learned this with Estée Lauder. For years, the company had always bounced back. So when Covid-19 hit China, I assumed management would adapt again. Instead, they froze. China, Estée Lauder's biggest market, shut down. Wealthy women stopped shopping. The stock plunged from $370 to $255. Then China cracked down on luxury goods, and management kept offering false reassurances with no new strategy. I respected the brand, but that didn't matter. Customers were vanishing. Management, hitherto incredibly strong, just became clueless; I learned to ignore a CEO's rosy obstinance at my own peril. We ended up selling it in the $90s.
3. Anger is not a strategy. Calm down before you act.
In 2023, we bought Oracle, betting on its pivot from enterprise software to AI data centers. The build-out was massive, yet Wall Street gave it no credit. We took advantage, and the stock climbed — until Cerner, a $28 billion medical records acquisition, delivered a shortfall that offset AI optimism. Oracle's stock dropped from $126 to $100, leaving us with a $15 loss. I stuck with the AI story, dismissing Cerner as noise. But the next quarter brought the same pattern: hype about data centers, disappointing numbers elsewhere. Analysts slammed the results, and I grew furious. In a fit, I sold—only to watch Oracle rebound within weeks on news of big AI contracts. The stock eventually ran past $220, more than 125 points above where I departed. Oracle's fundamentals were strong, but I let emotion override patience. Before making rash decisions, step back, cool off, and ask whether a comeback is still possible.
4. Billionaires won't save you—they're out for themselves.
I can count on a couple of fingers the number of billionaire hedge fund managers who have actually tried to help other people's capital appreciate. I don't have enough fingers or toes to count how many have tried to scare you and panic you out of your stocks and send you reeling into cash. And billionaires never apologize for their negativity. They always portray themselves as responsible actors no matter what. Because they don't need to. They already have their money. They won't risk it unless failure is nearly impossible, which means they'll never offer useful stock ideas. Their perspective is completely different from yours. I learned this lesson early in my career when I was asked to advise an heiress worth billions. I wanted to recommend stocks, but my boss reminded me: You only need to get rich once. He told her to stick with safe municipal bonds. He was right. For her, protecting capital mattered more than growing it.
5. The bond market is often wrong.
All my investing life, I have been told one thing about bonds: The bond market is never wrong. If long-term rates are higher than short-term, it signals healthy growth. You're paid for the risk of tying up money. But sometimes the curve flips, and long-term rates fall below short-term ones. That's considered a warning of recession, driven by fear of Fed policy and a "flight to safety." Here's the problem: the bond market has been wrong countless times. Investors panic, pile into bonds, and pundits declare doom. Yet the dire forecasts often don't materialize. Meanwhile, people who listened to the fear sold perfectly good stocks and missed major gains. So here is my final lesson: Do not listen to the people who examine the curve of the bond market and decide that they should sound the alarm about the future, which includes selling perfectly good stocks. Pay attention to the fundamentals of your stocks, not the bond market's indications, and I promise you that you will make a heck of a lot more money than those who think they know something simply by looking at future yields. Upgrade to an annual CNBC Investing Club membership today and claim your free, signed copy of Jim Cramer's new book, "How to Make Money in Any Market." (See terms and conditions for complete offer details. This promotion is available only while supplies last. See the full disclaimer here for important limitations and exclusions.) Jim Cramer is a bestselling author, financial expert, and media personality. He is the host of CNBC's Mad Money and cohost of Squawk on the Street. He is also the founder of CNBC Investing Club and of TheStreet. His many books include "Confessions of a Street Addict," "Jim Cramer's Getting Back to Even," "Jim Cramer's Mad Money," "Jim Cramer's Real Money," "Jim Cramer's Stay Mad for Life," and "Jim Cramer's Get Rich Carefully."
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Nvidia
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https://www.cnbc.com/2025/10/01/microsoft-wants-to-mainly-use-its-own-ai-chips-in-the-future.html?&qsearchterm=Nvidia
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Microsoft wants to mainly use its own AI data center chips in the future
| 2025-10-01T00:00:00
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Microsoft Chief Technology Officer and Executive Vice President of Artificial Intelligence Kevin Scott speaks at the Microsoft Briefing event at the Seattle Convention Center Summit Building in Seattle, Washington, on May 21, 2024.
Microsoft would like to mainly use its own chips in its data centers in the future, the tech giant's chief technology officer said on Wednesday, in a move which could reduce its reliance on major players like Nvidia and AMD .
Semiconductors and the servers that sit inside data centers have underpinned the development of artificial intelligence models and applications.
Tech giant Nvidia has dominated the space so far with its graphics processing unit (GPUs), while rival AMD has a smaller slice of the pie.
But major cloud computing players, including Microsoft, have also designed their own custom chips for specifically for data centers.
Kevin Scott, chief technology officer at Microsoft, laid out the company's strategy around chips for AI during a fireside chat at Italian Tech Week that was moderated by CNBC.
Microsoft primarily uses chips from Nvidia and AMD in its own data centers. The focus has been on picking the right silicon — another shorthand term for semiconductor — that offers "the best price performance" per chip.
"We're not religious about what the chips are. And ... that has meant the best price performance solution has been Nvidia for years and years now," Scott said. "We will literally entertain anything in order to ensure that we've got enough capacity to meet this demand."
At the same time, Microsoft has been using some of its own chips.
In 2023, Microsoft launched the Azure Maia AI Accelerator which is designed for AI workloads, as well as the Cobalt CPU. In addition, the firm is reportedly working on its next-generation of semiconductor products. Last week, the U.S. technology giant unveiled new cooling technology using "microfluids" to solve the issue of overheating chips.
When asked if the longer term plan is to have mainly Microsoft chips in the firm's own data centers, Scott said: "Absolutely," adding that the company is using "lots of Microsoft" silicon right now.
The focus on chips is part of a strategy to eventually design an entire system that goes into the data center, Scott said.
"It's about the entire system design. It's the networks and the cooling and you want to be able to have the freedom to make the decisions that you need to make in order to really optimize your compute to the workload," Scott said.
Microsoft and its rivals Google and Amazon are designing their own chips to not only reduce reliance on Nvidia and AMD, but also to make their products more efficient for their specific requirements.
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Nvidia
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https://www.cnbc.com/2025/10/01/top-3-club-stocks-and-the-bottom-3-as-the-market-surged-in-q3.html?&qsearchterm=Nvidia
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The top 3 portfolio stocks, and the bottom 3, as the market surged in the third quarter
| 2025-10-01T00:00:00
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It was a terrific third quarter for Wall Street as the stock market hit record high after record high. The S & P 500 and Nasdaq climbed 7.8% and 11.2%, respectively, from the June 30 close to Tuesday's close, the session before the start of the fourth quarter, which began on a sour note after the government shut down early Wednesday morning. The final quarter of the year is historically the strongest for stocks. We will have to see if that holds true in an already stellar 2025, which has seen the S & P 500 and Nasdaq gain more than 13% and 17%, respectively, year to date. .SPX .IXIC YTD mountain 2025-06-30 S & P 500 vs. Nasdaq YTD The Q3 outperformance came despite a cocktail of uncertainty. Investors continued to speculate over the Federal Reserve's monetary policy decisions. The Fed, however, did finally announce a quarter-percentage point reduction to the overnight lending rate on Sept. 17, the first cut since Dec. 2024. Wall Street also mulled President Donald Trump 's tariff moves and the longevity of the generative artificial intelligence trade. Since the end of the second quarter, the Club has sent out dozens of trade alerts. This includes initiations of Nike , Cisco Systems , and Boeing, while exiting Coterra Energy altogether. Through it all, there were clear winners and laggards in the third quarter — a diverse group spanning Big Tech to industrials. Here's a breakdown of the portfolio's top three and bottom three performers over the period, along with the Club's updated take on each. Gainers 1. Apple: +24.1% Apple shares were buoyed by an early August announcement that the company would boost its investment in U.S. manufacturing by another $100 billion, bringing its total commitment to $600 billion over the next four years. Investors celebrated how CEO Tim Cook navigated the Trump administration's threats of higher tariffs against the iPhone maker. Less than a month later, Apple stock surged again after a favorable ruling in Google's antitrust case. A federal judge ruled that Alphabet -owned Google could still make billions of dollars in payments to Apple to preload Google Search onto the iPhone and other company devices. Wall Street liked the news because it prevented an immediate hit to Apple's high-margin services business. The ruling also opened the door for similar deals with large language model providers to bring AI services to Apple, which could improve the company's so-far lackluster generative AI rollout. Finally, Apple owes its most recent gains to positive signs for the company's new iPhone 17 and Air lineup. Wall Street analysts have said so themselves. JPMorgan, for example, raised its price target on Apple to $280 apiece from $255 last week, citing favorable demand indications since the new devices were introduced on Sept. 9. Jim has sent a clear message to Wall Street : Get more bullish on Apple stock. 2. Broadcom: +19.7% The custom chipmaker received a leg up after posting a top and bottom line beat last month, propelled higher by management's commentary around a new customer's $10 billion worth of AI-related orders. As a result, Broadcom CEO Hock Tan said that AI revenue for the full year should "improve significantly" compared to previous expectations. The Club hiked its price target to $350 from $290 following the release. Additionally, shares benefited from the continued strength in the generative AI trade, too. In turn, the Club trimmed our Broadcom position a few times over the past quarter. Our conviction in the stock hasn't changed. Instead, it's important to remain disciplined and right-size a position when necessary. 3. Nvidia: +18.1% Rounding out our top three quarterly gainers was Nvidia . Like Broadcom, the chipmaker's shares surged on signs that AI spending wasn't easing up anytime soon. Investors saw this in quarterly earnings reports from Club holdings Meta Platforms, Amazon, and other Big Tech names, which raised their capital expenditures. Oracle 's quarterly earnings report gave AI-linked stocks another lift in September on the back of blistering demand for the company's cloud services. Trump also gave Wall Street some assurance that the administration would give Nvidia licenses to offer its H20 AI chip in China – a crucial market for the company. Nvidia also announced a $100 billion investment to help OpenAI build data centers. Shares hit a record high as recently as Tuesday. Laggards 1. Salesforce: -13.1% It's not a surprise to us that Salesforce was the portfolio's worst Q3 performer. In general, Software as a Service (SaaS) names have taken hits as the rise of generative AI puts revenue for their seat-based models at risk. That's exactly why, in August, the Club downgraded Salesforce stock to a hold-equivalent 2 rating from a buy. Plus, quarterly earnings in early September didn't help investor sentiment either. The company disappointed investors with its financial outlook. In Jim Cramer's interview with CEO Marc Benioff, he asked about the company's guidance versus expectations. Benioff defended the outlook, saying in part: "Maybe I'm just being too conservative. I think I'm being appropriately conservative, but I've always been that way for 26 years." The next catalyst for Salesforce comes later this month when it holds its annual Dreamforce conference, which needs to wow investors . 2. Texas Roadhouse: -11.3% This stock has been hit over the past three months due to commodity inflation. Higher beef prices, which have eased somewhat recently, weighed on shares as investors worry about whether Texas Roadhouse will pass on the additional costs to diners or absorb them. Quarterly earnings in early August affirmed that concern, even with strong comps as beef prices still dented results. But the casual steakhouse chain is otherwise executing well on everything it can control. We're conflicted, but still sticking with Texas Roadhouse. 3. Honeywell: -9.6% Honeywell shares have dragged ahead of the industrial conglomerate's forthcoming split into three publicly traded entities. The stock's underperformance is likely due to a Wall Street phenomenon, known to some investors as "spin purgatory." Other Club stocks like DuPont have undergone similar patterns. That doesn't mean there's anything wrong with Honeywell's fundamentals, though. After all, we still believe the split will unlock much more value for the company. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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. 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. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Nvidia
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https://www.cnbc.com/2025/10/01/cnbc-daily-open-the-us-government-shuts-down-after-stocks-end-september-buzzing.html?&qsearchterm=Nvidia
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CNBC Daily Open: The U.S. government shuts down after stocks end September buzzing
| 2025-10-01T00:00:00
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A trader works on the floor of the New York Stock Exchange on Sept. 30th, 2025.
The U.S. government has shut down.
Around 750,000 federal employees— including those in the Bureau of Labor Statistics — might be furloughed, according to the Congressional Budget Office. If that happens, September's jobs report will not be released as scheduled on Friday, leaving the Federal Reserve and investors in the dark about the state of the U.S. labor market.
While the shutdown was only confirmed around 9 a.m. Singapore time (9 p.m. ET), it appeared imminent during trading hours Tuesday. But markets seemed to shrug off such concerns, with the Dow Jones Industrial Average even hitting a new high.
Shares of Nvidia also closed at a record, which pushed the company past a $4.5 trillion market cap, while CoreWeave stock jumped nearly 12% on an artificial intelligence infrastructure agreement with Meta .
Indeed, the flurry of AI deals announced during the month, with OpenAI at the center of many of them, turbocharged the stock market. In September, the S&P 500 added more than 3%, blowing past its historical average of a 4.2% fall for the month.
While the U.S. government has been put to sleep as September ended, investors, hopefully, had their eyes peeled during the month.
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Nvidia
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https://www.cnbc.com/2025/10/01/what-you-need-know-as-we-approach-the-end-of-q3.html?&qsearchterm=Nvidia
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From Spain’s bull run to gold’s surge: How the third quarter played out in Europe
| 2025-10-01T00:00:00
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European markets ended the third quarter of the year with solid gains, boosted by better-than-expected economic growth from Spain and rallies from gold and the mining sector. It's been a better quarter for equities than the last, with the Stoxx Europe 600 returning north of 3% in the three months since July. But, one country in particular has shone: Spain has been the clear outperformer, and not just because of its double ratings upgrade — which Fitch put down to "recent productivity gains, moderate wage growth and relatively low energy prices." The country's main IBEX equity index has posted a return of more than 10% over the last few weeks, way above its continental peers. Spain's largest company by market capitalization, Inditex, helped buoy that index, after better-than-expected earnings helped its stock to claw back some of its losses for the year. But it was banks who lent the biggest hand in pushing the market higher, with shares in Santander , BBVA and Sabadell all surging more than 20%, outperforming their continental peers by around 10 percentage points. .IBEX .STOXX 3M line 2025-07-01 Spain's IBEX outperformed the broader Stoxx 600 in Q3 The best of the rest On this side of the Channel, HSBC rode the banking rally high enough to push AstraZeneca aside as the U.K.'s largest company by market capitalization — in a period fraught with uncertainty for pharma names. HSBA-GB AZN-GB 3M line 2025-07-01 HSBC replaced AstraZeneca as the UK's biggest company by market capitalisation in Q3. AstraZeneca hasn't just lost its crown as the U.K.'s most valuable firm by market capitalization: it's sunk to third in the FTSE's largest companies by weighting, with Shell elbowing its way into second place as of the end of August. Nevertheless, AstraZeneca shares still managed to notch gains of more than 10% in the quarter. Barclays' Head of European Pharma Research Emily Field told CNBC's "Squawk Box Europe" that the company has "played the political game extremely well," after it announced $50 billion in investment into the key battleground state of Virginia in July. This quarter also saw a change of guard at the top for European equities. ASML took the crown from SAP as Europe's largest company after shares rose more than a fifth versus SAP's near-12% haircut, putting the value of the Dutch firm at around 320 billion euros ($374.9 billion). ASML-NL SAP-DE 3M line 2025-07-01 ASML replaced SAP as the Stoxx 600's most valuable company by market cap in Q3. Analyst commentary has tended toward the bullish for the newly-anointed firm. Bank of America gave the stock a hefty price target boost in the wake of Nvidia 's $5 billion Intel investment, calling it a "clear positive for ASML" and eyeing a level north of $940 per share. Deutsche analysts agreed, saying "we think the newsflow around Intel has been just as important, if not more so to the long-term bull case around ASML and geopolitics." Elsewhere, the mining sector has been on a tear. It's up nearly 10% for the month, more than 17% for the quarter, as gold continues its record run and is set to notch its best month in 14 years. When it comes to safe havens, BNY's Senior Market Strategist Geoff Yu told CNBC the metal is even outperforming the Swiss franc at the moment. That's backed by Bank of America, who tracked $17.6 billion in inflows in September — a record. FRES-GB YTD mountain Chart showing Fresnillo stock performance for the year That rally has pushed shares in companies like Fresnillo higher. They're up more than 60% for the quarter, and could close out the year the best part of 300% higher if this momentum continues. That should prove a boost for the U.K.'s FTSE. But with Chancellor Rachel Reeves' budget around the corner, the fourth quarter could still very much go either way.
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Nvidia
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https://www.cnbc.com/2025/10/01/cnbc-daily-open-a-september-no-investor-wanted-to-sleep-on.html?&qsearchterm=Nvidia
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CNBC Daily Open: A September no investor wanted to sleep on
| 2025-10-01T00:00:00
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A trader works on the floor of the New York Stock Exchange on Sept. 30th, 2025.
The U.S. government will shut down on Oct. 1 stateside.
Around 750,000 federal employees— including those in the Bureau of Labor Statistics — will be furloughed, according to the Congressional Budget Office. That means September's jobs report will not be released as scheduled on Friday, leaving the Federal Reserve and investors in the dark about the state of the U.S. labor market.
While the shutdown was only confirmed around 9 a.m. Singapore time (9 p.m. ET), it appeared imminent during trading hours on Tuesday. And markets seemed to shrug off such concerns, with the Dow Jones Industrial Average even hitting a new high.
Shares of Nvidia also closed at a record, which pushed the company past a $4.5 trillion market cap, while CoreWeave stock jumped nearly 12% on an artificial intelligence infrastructure agreement with Meta .
Indeed, the flurry of AI deals announced during the month, with OpenAI at the center of many of them, turbocharged the stock market. In September, the S&P 500 added more than 3%, blowing past its historical average of a 4.2% fall for the month.
While the U.S. government will be put to sleep when September ends, investors, hopefully, had their eyes peeled during the month.
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Nvidia
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https://www.cnbc.com/2025/10/01/asia-markets-boj-tankan-index-rbi-india-rate-decision.html?&qsearchterm=Nvidia
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Asia markets trade mixed after U.S. government shuts down
| 2025-10-01T00:00:00
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Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea.
Asia-Pacific markets were mixed Wednesday, following gains on Wall Street as investors appeared unperturbed by the U.S. government shutdown.
Spot gold prices hit a fresh record of $3,875.32 as of 11:04 a.m. Singapore time (11:04 p.m. ET).
Over in Japan, the central bank released the results for its third-quarter Tankan survey. The Tankan survey measures business sentiment among domestic companies, and is closely watched by the Bank of Japan.
The index for business optimism among large Japanese manufacturers increased to +14 for the third quarter from +13 in the previous quarter, but was lower than the +15 expected by economists polled by Reuters. The non-manufacturing index held steady at +34.
A positive figure on the Tankan indicates that optimists outnumber pessimists.
Japan's Nikkei 225 sunk 0.85% to close at 44,550.85, marking its fourth straight day of losses, while the broad-based Topix was down 1.37% and ended at 3,094.74.
The Reserve Bank of India held rates at 5.5%, in line with expectations by economists polled by Reuters. The Nifty 50 rose 0.74%, while the Sensex index added 0.83%.
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Nvidia
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https://www.cnbc.com/2025/09/30/wednesdays-big-stock-stories-whats-likely-to-move-the-market-in-the-next-trading-session.html?&qsearchterm=Nvidia
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Wednesday's big stock stories: What’s likely to move the market in the next trading session
| 2025-09-30T00:00:00
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Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching on Tuesday and what's on the radar for Wednesday's session. Stocks climb ahead of shutdown deadline The Dow Jones Industrial Average closed at a record high as investors moved past worries of a potential government shutdown . It is up 9% so far this year. Pfizer was the biggest gainer in the S & P 500 — posting its best day since 2021. President Donald Trump announced an agreement with Pfizer to voluntarily sell its medications for less. Another record for Nvidia The world's most valuable company became the first to cross a $4.5 trillion market cap. For context, that number is larger than the combined value of the next 4 biggest chip stocks: Broadcom ($1.56 trillion), Taiwan Semiconductor ($1.45 tillion), ASML ($375.76 billion) and Advanced Micro Devices ($262.56 billion). Nvidia closed out its fifth positive month in the last six. NVDA 1Y mountain Nvidia stock performance over the past year. Shocking stake Lithium Americas popped 35% in extended trading after Energy Secretary Chris Wright said the U.S. will take an equity stake in the company . Last week, the stock surged more than 90% on reports this would happen. At the end of three quarters The S & P is up 13.7% year to date. The Nasdaq and Nasdaq 100 are both up 17%. The Russell 2000 is up 9.3% year to date. The third quarter was its strongest since late 2023. The NYSE Composite is up 13%. Communication services is the top performing S & P sector, up 23.7%. Tech is second, up 21.75%. Health care is the worst of the 11 sectors, up 1%. Consumer staples is up just 2% in 2025. Trading platform Robinhood is the top performing S & P stock so far this year, up 284%. Seagate Technology is second. It's up 173%. Western Digital is third, with a 166% gain. Palantir is up 141% so far this year. Newmont ranks fifth, up 126% in 2025. Q3 standouts Applovin led the S & P 500, doubling in value over the past three months. FactSet Research Systems logged its worst quarter ever. APP YTD mountain Applovin's stock performance year to date Nike beats on earnings Sales rose year over year, defying Nike's own forecast for a mid-single-digit drop. Nike shares are up about 4% in extended trading. The stock is aiming to break a five-week losing streak. Shares are on track to post a fourth consecutive down year. Agriculture in the USA Conagra and Cal-Maine Foods both report earnings Wednesday morning on "Squawk Box." Watch for results as Becky Quick, Joe Kernen and Andrew Ross Sorkin will have the numbers and the stock reaction. Conagra shares are down 10.6% since last reporting. The stock is 44% from its October 2024 high. The maker of Slim Jim and Reddi Wip is on track for a record third straight year of losses. Cal-Maine is down 5.5% since last reporting three months. The stock is 25% from its July high. The egg producing giant looks poised to end a three-year winning streak. According to IBISWorld, a company that analyzes industry level data, egg prices are expected to decrease over the coming years due to increased production. Neptune The flood insurance provider based in St. Petersburg, Florida, will start trading on the NYSE tomorrow. Today a few other insurance stocks hit all time highs. WR Berkley is up nearly 7% in the last month; the stock is up 31% in 2025. Willis Towers Watson is up almost 6% in a month; 10% so far in 2025. The WOLF of Wall Street Wolfspeed shares have surged more than 2,200% this week — trading at their highest level since June 2024. The chipmaker emerged from Chapter 11, reducing its debt load by roughly 70% through restructuring. GE history Seven years ago Wednesday, Larry Culp became CEO of General Electric. At the time, he was the first outsider to lead the company in 126 years. Last year, GE completed its breakup into three independent companies: GE Healthcare , GE Vernova , and GE Aerospace (led by Culp). Since the spinoff, GE Aerospace shares have climbed 115%. GE 3M mountain GE Aerospace stock over the past three months.
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Nvidia
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https://www.cnbc.com/2025/09/30/santolis-tuesday-market-wrap-up-indexes-tread-water-as-majority-of-stocks-slip.html?&qsearchterm=Nvidia
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Santoli's Tuesday market wrap-up: Indexes tread water as a majority of stocks slip
| 2025-09-30T00:00:00
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(These are the market notes on today's action by Mike Santoli, CNBC's Senior Markets Commentator. See today's video update from Mike above.) The market continues to tread water, the indexes churning below record highs while a majority of stocks slip and evidence of economic-growth concerns surface in spots. Nvidia held the S & P 500 near the flat line almost on its own, up another 2.6% after Meta 's $15 billion deal with CoreWeave for AI infrastructure services was enough to recharge the enthusiasm for the sustained demand for processing capacity. Elsewhere, though, the tape is a bit heavy, specifically in consumer cyclicals, after a soft Consumer Confidence reading that showed the jobs hard to get vs. jobs plentiful spread making another new cycle low. This came along with a generally as-expected JOLTS report that nonetheless saw job openings slip below the total number of unemployed workers for the first time in years. Equal-weight consumer discretionary has been under a bit of pressure, with restaurant and travel names weakening, and is now clearly underperforming the broad market on a one-year basis. Banks and in particular consumer-finance plays (credit-card issuers) were conspicuously weak. Along with lower Treasury yields and another supply-driven drop in crude oil prices, it gives the tape a bit of a minor "growth scare" appearance. Though it's important to point out the final day of the quarter could mean a fair amount of portfolio rebalancing might also be at work. Pharma stocks were on the rise as Pfizer and others cut a deal with the administration to offer some drugs direct to consumers at reduced prices for cash payers, and in return avoided some tariffs. This lifts an overhang from a deeply out-of-favor and cheap-seeming group. Is the pharma index breaking its steep downtrend? Signs of life from defensive sectors and consumer cyclicals wobbling might suggest the market is more preoccupied with near-term downside macroeconomic risk, as we likely are headed into a government shutdown and an official-data vacuum. All of it is solidifying the view that an October Fed rate cut is a lock. The consensus still seems to believe a few things that they think will keep markets biased to the upside for a bit: An incipient reacceleration of growth as rate cuts and tax-cut provisions take hold; a durable corporate-capital spending binge; a balanced labor market holding consumption steady if not strong; a year-end rally chase as not-fully-invested professional investors try to keep up. It's all plausible, though worth noting over history the fourth quarter is up "only" 75-80% of all years, not a sure lock.
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Nvidia
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https://www.cnbc.com/video/2025/09/30/final-trades-nvidia-amphenol-regeneron-and-lockheed-martin.html?&qsearchterm=Nvidia
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Final Trades: Nvidia, Amphenol, Regeneron and Lockheed Martin
| 2025-09-30T00:00:00
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Nvidia
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https://www.cnbc.com/2025/09/30/stocks-making-the-biggest-moves-midday-pfe-smtc-spot-path-crwv.html?&qsearchterm=Nvidia
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Stocks making the biggest moves midday: Pfizer, Semtech, Spotify, UiPath, CoreWeave and more
| 2025-09-30T00:00:00
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Check out the companies making the biggest moves midday: Semtech — The signal components maker rallied 8% after the company announced the launch of new optical receivers for artificial intelligence networks alongside Poet Technologies. On top of that, Oppenheimer upgraded the stock to outperform following a meeting with management. Credo Technology — Shares fell more than 1% after the connectivity components maker agreed to acquire the privately held Hyperlume, which " provides microLED-based interconnects for use in hyperscale and AI-focused data centres." UiPath — The automation stock gained 10% after the company announced partnerships with OpenAI, Snowflake and Nvidia. As part of the agreements, the companies will incorporate UiPath's automation technology into their AI capabilities. Pfizer — The maker of Eliquis, a blood thinner, rose more than 3% after CNBC reported that the drugmaker and the Trump administration will announce an agreement to lower Medicaid drug prices. Pfizer would also win a three-year reprieve from planned pharmaceutical tariffs in return for expanding U.S. manufacturing. Spotify — Shares dropped 5% after the streaming platform said CEO Daniel Ek will step down from his position and move to the role of executive chairman. Separately, Goldman Sachs downgraded the stock to neutral from buy, saying it has little room to run after its runup. It's up more than 54% this year. Firefly Aerospace — The space technology company's stock fell 21% after one of its rocket boosters exploded during preflight testing at its Texas facility. Firefly Aerospace said no other facilities were affected and it is assessing the effect of the explosion. Wolfspeed — The semiconductor components maker's stock jumped 44%, one day after surging almost 1,700%. Wolfspeed said Monday it successfully completed a financial restructuring and emerged from Chapter 11 bankruptcy protection. Progress Software — The maker of AI-powered infrastructure software earned third-quarter adjusted earnings of $1.50 per share on revenue of $250 million, topping the LSEG consensus estimate of adjusted earnings per share of $1.30 on revenue of $240 million. Progress also raised its full-year guidance. Shares moved 3.5% higher. Instacart — Shares of the grocery delivery company lost 6.5% after a downgrade at BTIG to neutral from buy. The investment bank cited stepped-up competition for the call. United Natural Foods — The grocery distributor rose 17% after a fiscal fourth-quarter loss of 11 cents per share topped analysts' estimate of a loss of 18 cents per share, according to FactSet data. Revenue also beat expectations, coming in at $7.7 billion, versus the $7.64 billion consensus estimate. Freeport-McMoRan — Bank of America upgraded the copper miner to buy from neutral, saying it believes key risks around its halted mine in Indonesia are priced in and that its commodities team is bullish on the key metal. Shares of Freeport-McMoRan rose 3%. CoreWeave — The stock jumped 13% after CoreWeave announced an agreement to provide Meta with $14.2 billion of AI cloud infrastructure. — CNBC's Sarah Min and Scott Schnipper contributed reporting.
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Nvidia
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https://www.cnbc.com/2025/09/30/jim-cramer-spots-a-potential-buying-opportunity-in-one-of-our-financial-stocks.html?&qsearchterm=Nvidia
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Jim Cramer spots a potential buying opportunity in one of our financial stocks
| 2025-09-30T00:00:00
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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. The stock market dipped Tuesday as a government shutdown loomed. Jim Cramer, however, called it a non-event, saying, "I don't want anyone to sweat it." He added, "If the market goes down here … you need to be a buyer." Federal funding runs out Tuesday. If a deal on a stopgap spending measure is not reached, the government would shut down shortly after midnight. For the Club portfolio, we increased our positions in both Boeing and Costco on Tuesday morning. After the bell, our newest addition, Nike , will report earnings. We will be looking for early signs of progress in the turnaround there. 2. Capital One "could be an opportunity" as well, Jim said. The stock was down roughly 6% on Tuesday following the latest economic data showing that consumer confidence for September declined to its lowest levels since April. Capital One has the most exposure to subprime borrowers and stands to feel the impact of consumer weakness, said Jeff Marks, director of portfolio analysis for the Club. We initiated a position in the credit card issuer in March ahead of its acquisition of Discover. 3. CoreWeave shares popped more than 12% after the company announced an agreement to provide Meta Platforms with $14.2 billion AI cloud infrastructure deal. Meta has "got this success. [So], they need more compute [power]," said Jim. Meta CEO Mark Zuckerberg is saying to himself, "'Look, if I get even more compute, I can make even more money.'"Jim added, "Meta is a terrific stock." More computing capacity means more AI chips from Nvidia , whose stock caught a $10 price target increase to $210 from Citi. The analysts estimate that hyperscaler AI capital expenditures will rise to $490 billion in 2026, up from the prior forecast of $420 billion. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: Spotify Tech , Vail Resorts , Paychex, Jeffries Financial , and Celisus Holdings . (Jim Cramer's Charitable Trust is long BA, COF, COST, META, NVDA, NKE. See here for a full list of the stocks.) 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. 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. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Nvidia
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https://www.cnbc.com/2025/09/30/jim-cramers-top-10-things-to-watch-in-the-stock-market-tuesday.html?&qsearchterm=Nvidia
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Jim Cramer's top 10 things to watch in the stock market Tuesday
| 2025-09-30T00:00:00
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My top 10 things to watch Tuesday, Sept. 30 1. Wall Street was heading for a slightly lower open as the prospect of a government shutdown loomed. House Speaker Mike Johnson told CNBC that Democrats should "do the right thing" and pass a clean stopgap funding measure. Federal funding runs out today, risking a shutdown at 12:01 a.m. ET first thing tomorrow morning. 2 . The S & P 500 closed up yesterday for the second session in a row. Today is the last day of September, which has been historically weak. But this month, the S & P 500 has gained more than 3%. The end of September also brings a close to the quarter, with the index up more than 7% in Q3. 3. Evercore initiated coverage of CoreWeave with a buy and a price target of $175. Knows the stock is volatile near term, but sees high probability that the company can scale as an "Infrastructure-as-a-Service" provider. In my Sunday column , I wrote about how investors are wrong to compare CoreWeave to all the buildout companies from the dot-com bubble. "How to Make Money in Any Market," my latest book for individual investors, is released today. There is still time to register to have your book signed at the Barnes & Noble on 555 5th Ave. in New York City on Tuesday at noon ET. 4. Spotify founder Daniel Ek is leaving the CEO post after nearly two decades, the music-streaming company said Tuesday. Co-presidents Alex Norström and Gustav Söderström are moving up to become co-CEOs. Ek will become executive chairman. Separately, Goldman Sachs downgraded Spotify to hold from buy with a price target of $770, up from $765, citing a balanced risk-reward for shares heading into the company's Q3 earnings on Nov. 4. 5. Bank of America said you can now buy miner Freeport-McMoRan , noting the worst is in the stock. The stock has fallen nearly 17% since last Wednesday, when the company announced a tragic mud rush earlier this month at one of its copper and gold mines in Indonesia; two workers have been found dead, and five remain missing. 6. Boeing is working on a new single-aisle airplane that would eventually replace the 737 Max, The Wall Street Journal reported . It's very early in the process, the paper said, so it'd be years before hitting the skies. Still, it is a notable development in the tenure of CEO Kelly Ortberg, who was hired to fix the company's manufacturing and financial issues. 7. Futures for both cattle and coffee are having down months after parabolic moves that added inflationary pressure. Is this the beginning of the big rollover? Restaurant chains like Texas Roadhouse , which we own for the Club, sure could use relief on beef prices. 8. BofA downgraded Oklo , which makes advanced micro-nuclear reactors , to a hold on valuation. While the firm said it remains positive on the long-term nuclear theme, the whole thesis of small modular reactor adoption is ahead of itself. Agreed: This thing is out-of-its-mind expensive in my point of view. 9. Nvidia price target raised to $250 from $230 at KeyBanc, reiterated buy rating. Keep in mind that the OpenAI deal with Etsy and Spotify is going to be the first big monetization of artificial intelligence. 10. KeyBanc raised its price target on custom chipmaker Broadcom to $420 from $400, seeing increased orders. The analysts cited Broadcom maintaining "100% share of the Google TPU franchise through 2026." However, I think the narrative of the custom chip assault on Nvidia is overblown. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) 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. 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. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Nvidia
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https://www.cnbc.com/2025/09/30/ai-chip-company-cerebras-raises-1-billion-in-pre-ipo-funding-round.html?&qsearchterm=Nvidia
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AI chip company Cerebras raises $1 billion in pre-IPO funding round
| 2025-09-30T00:00:00
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Cerebras CEO Andrew Feldman, front row, second from left, participates in a ribbon-cutting ceremony for the company's data center in Oklahoma City on Sept. 22, 2025.
AI chipmaker Cerebras filed to go public exactly a year ago. The company has yet to take the plunge, but has now bought itself more time to stay private.
Cerebras said Tuesday that it's raised $1.1 billion in new funding at a valuation of $8.1 billion as it tries to take on Nvidia , the world's most valuable company, in the booming market of artificial intelligence chips.
In its IPO prospectus, Cerebras calls itself a designer of chips for training and running AI models, and the company has prioritized operating a cloud-based service that AI models can use to handle incoming queries.
Shortly after Cerebras filed for its initial public offering last September, the company faced public criticism that it was too reliant on a single Middle Eastern customer, G42. Cerebras hit a snag seeking clearance from the Treasury Department's Committee on Foreign Investment in the U.S., or CFIUS, to give G42 a bigger position.
Despite the lengthy delay, private market investors are bullish enough to about double the company's valuation from $4 billion in 2021. Co-founder and CEO Andrew Feldman said in an interview that Cerebras still intends to go public.
"I don't think this is an indication of a preference for one or the other," he said. "I think we have tremendous opportunities in front of us, and I think it's good practice, when you have enormous opportunities, not to let them fall by the wayside for lack of capital."
Feldman told reporters in May that the startup aspired to go public in 2025.
There are plenty of high-valued AI companies raising large sums of money in the private market.
Databricks, a seller of data analytics software, recently said it was closing a $1 billion funding round with a valuation above $100 billion. OpenAI said last week that Nvidia plans to invest up to $100 billion in the company as it builds out data centers, and Anthropic announced earlier in September that it raised $13 billion in funding at a $183 billion valuation.
Investors in Cerebras' funding round include 1789 Capital, Alpha Wave, Altimeter Capital, Atreides Management, Benchmark, Fidelity, Tiger Global and Valor Equity Partners.
"It was with investors who everybody would be proud of to have cornerstone your IPO," Feldman said. The new money will allow for an expansion in U.S. manufacturing, he said.
After Taiwan Semiconductor Manufacturing produces Cerebras' chip wafers, they're packaged in the U.S. As demand increases, Cerebras plans to hire more people to focus on production.
"We increased manufacturing capacity in the last 18 months 8x, and we are going to go another 4x in the next six or eight months," Feldman said.
Feldman declined to talk about recent financials. The company generated about $70 million in revenue in the second quarter of 2024, compared with less than $6 million in the period a year earlier.
This year Cerebras has discussed business that it's picked up from Hugging Face, Meta , Notion and Perplexity.
WATCH: Cerebras CEO Andrew Feldman on increasing demand
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Nvidia
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https://www.cnbc.com/2025/09/30/coreweave-meta-deal-ai.html?&qsearchterm=Nvidia
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CoreWeave stock closes up 12% after company lands $14 billion deal with Meta
| 2025-09-30T00:00:00
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Michael Intrator, Chief Executive Officer of CoreWeave Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 22, 2025.
Shares of CoreWeave closed up nearly 12% on Tuesday after the company announced it has agreed to provide Meta with $14.2 billion of artificial intelligence cloud infrastructure.
CoreWeave has been on a deal-making blitz as big tech companies and AI startups race to build out their computing infrastructure. Tuesday's announcement comes just days after CoreWeave expanded its agreement with OpenAI by $6.5 billion, bringing the total contract to $22.4 billion.
"The agreement underscores that behind every AI breakthrough are the partnerships that make it possible," a CoreWeave spokesperson said in a statement about the Meta deal on Tuesday.
Meta did not immediately respond to CNBC's request for comment. Bloomberg was first to report the deal.
CoreWeave primarily generates revenue by building and renting out data centers that are full of Nvidia 's graphics processing units, which are key for training models and running large AI workloads. The company, which some investors have classified as a "neocloud," has become a crucial player in an increasingly interconnected web of AI infrastructure partners.
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Nvidia
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https://www.cnbc.com/2025/09/30/a-semiconductor-stock-thats-both-an-ai-and-nearshoring-play.html?&qsearchterm=Nvidia
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A semiconductor stock that's both an AI and nearshoring play
| 2025-09-30T00:00:00
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(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are eyeing a tech company that could be an artificial intelligence and nearshoring play. Plus, where JPMorgan is seeing the next big opportunity in private markets. 'Worldwide Exchange' Pick: Amkor Technology (AMKR) Nancy Prial of Essex Investment Management sees Amkor Technology , a semiconductor testing and packaging company as an AI play and a nearshoring play. "We like it as a back door AI play," said Prial. "They are suppliers of outsourced assembly and test equipment. Think about advanced packaging that's needed for these very sophisticated chips and these servers and the data centers." In August, Apple announced an investment into Amkor. Prial added: "It's the only outsourced assembly and test manufacturing with a significant presence in the United States while also having presence overseas. So we think they've got a number of tailwinds." Bullish call on Nvidia "Don't fight Nvidia" is how Robert Schein of Blanke Schein Wealth Management views the chip giant that has outperformed since announcing a $100 billion investment into Open AI. "There's another sector or leg up of growth potentially, "Schein said. "That's quantum computing moving forward. The market is also looking at the robotics trade and what they can contribute to that industrial automation beyond just the GPUs and the data centers. I think you don't want to bet against Nvidia moving forward, because there's another chapter that needs to be played out." Evaluating opportunities in private markets Sitara Sundar of JPMorgan believes software is the next beneficiary of the artificial intelligence boom, seeing the space as a $3 trillion to $5 trillion opportunity. However, she believes the best opportunities going forward will be in the private markets with private companies making up approximately 95% of the software space. "The infrastructure space has happened in public markets. We think we're on the precipice of moving towards the application layer and the platform technology layer. When we think about that, it's that shift from software as a service to service as software, which in the simplest form, means automation of business, core business functions, automation of certain parts of the labor force. That's a meaningful opportunity set," Sundar said. "Right now, we think a majority of those companies within the next decade are going to be within private markets." ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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Nvidia
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https://www.cnbc.com/2025/09/30/ai-data-center-boom-meets-realities-of-tough-labor-market.html?&qsearchterm=Nvidia
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AI data center boom has to contend with realities of tough labor market
| 2025-09-30T00:00:00
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The steel frame of data centers under construction during a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025.
OpenAI, Meta and Alphabet are leading a data center boom in the U.S. as they try to keep pace with frenzied demand for artificial intelligence, and the computing resources required to build increasingly sophisticated models.
As they prepare to collectively spend hundreds of billions of dollars in build-outs, there's one glaring bottleneck: labor.
In the manufacturing, construction and electrical trades, there's a dearth of talent as skilled laborers age out of the workforce without being replaced by younger workers. The U.S. could face a shortfall of 1.9 million manufacturing workers by 2033, according to data earlier this year from the National Association of Manufacturers, which described the matter as an "economic and national security issue."
In construction, Associated Builders and Contractors, or ABC, projects nearly half a million workers will be needed in 2025 alone. Add to the worker shortages the uncertainty that comes with new tariffs and changes to immigration policy, and the problem begins to appear potentially insurmountable, experts say.
"I think these projects are likely to go over budget and miss their deadlines, but that is typical in U.S. construction, even for not-so-complicated, large projects," said Anirban Basu, chief economist for ABC. "Now you add this layer of complexity, this need for precision, that would not exist in a typical apartment building or office building. ... Do we have the workforce for that? Not in abundance, that's for sure."
ABC's construction backlog data shows that 14% of the group's members are under contract to perform work on data centers, a level that's held steady since the question was first posed in June, and indicates there's a backlog of 8.5 months on projects.
Meanwhile, the construction unemployment rate sank to 3.2% in August, tied for a record low, from 3.4% a month earlier, according to the Bureau of Labor Statistics.
George Carrillo, CEO of the Hispanic Construction Council, told CNBC the worker shortage is already impacting data center development. Carrillo said Hispanic-owned firms are the fastest growing in construction. A recent study from his group called for reforms that would cut permitting timelines, speed up payments to small contractors and create a lawful work pathway for trained people.
"These projects represent trillions in investment but require more than steel and concrete," Carrillo said in an email, citing a projected shortage in construction workers of 3.2 million by 2030.
"Retirements, restrictive immigration policies, and deportation threats are shrinking the labor pool, creating the risk that data centers become stranded assets, billion-dollar buildings that cannot go online," he said.
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Nvidia
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https://www.cnbc.com/video/2025/09/30/property-play-schneider-electric-chairman-on-energy-revolution.html?&qsearchterm=Nvidia
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Property Play: Why Schneider Electric's chairman says people are 'underestimating' energy revolution
| 2025-09-30T00:00:00
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CNBC Property Play brings you interviews with some of the biggest names in real estate, touching on everything from commercial and residential to finance and the mortgage markets, innovation in the industry and the growing risk to assets and operations from climate change.
This week, CNBC's Diana Olick sits down with Schneider Electric Chairman Jean-Pascal Tricoire to discuss the energy management's company partnership with Nvidia, AI innovation in energy efficiency, and where there's still room to grow in the energy optimization space.
Watch the full interview, and sign up to receive the weekly Property Play newsletter, straight to your inbox.
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Nvidia
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https://www.cnbc.com/video/2025/09/30/schein-we-could-see-bond-yields-spike-later-this-week.html?&qsearchterm=Nvidia
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Schein: We could see bond yields spike later this week
| 2025-09-30T00:00:00
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Schein: We could see bond yields spike later this week
Robert Schein, Chief Investment Officer at Blanke Schein Wealth Management, warns of short-term bond yield spikes from a shutdown, GDP risks if prolonged, and stays bullish on Nvidia and AI growth.
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Nvidia
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https://www.cnbc.com/2025/09/30/jpmorgan-chase-fully-ai-connected-megabank.html?&qsearchterm=Nvidia
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Here's JPMorgan Chase's blueprint to become the world’s first fully AI-powered megabank
| 2025-09-30T00:00:00
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In this article JPM Follow your favorite stocks CREATE FREE ACCOUNT
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Deep within the bowels of JPMorgan Chase's data centers and cloud providers, an artificial intelligence program crucial to the bank's aspirations grows more powerful by the week. The program, called LLM Suite, is a portal created by the bank to harness large language models from the world's leading AI startups. It currently uses models from OpenAI and Anthropic. Every eight weeks, LLM Suite is updated as the bank feeds it more from the vast databases and software applications of its major businesses, giving the platform more abilities, Derek Waldron, JPMorgan chief analytics officer, told CNBC in an exclusive interview. "The broad vision that we're working towards is one where the JPMorgan Chase of the future is going to be a fully AI-connected enterprise," Waldron said. JPMorgan, the world's largest bank by market capitalization, is being "fundamentally rewired" for the coming artificial intelligence era, according to Waldron. The bank, a heavyweight across Main Street and Wall Street finance, wants to provide every employee with AI agents, automate every behind-the-scenes process and have every client experience curated with AI concierges. If the effort succeeds, the project could have profound implications for the bank's employees, customers and shareholders — even the nature of corporate labor itself. Waldron, who gave CNBC the first demonstration of its AI platform seen by any outsider, showed the program creating an investment banking deck in about 30 seconds, work that would've previously taken a team of junior bankers hours to complete.
Out of the box
Since the arrival of OpenAI's ChatGPT in late 2022, optimism over generative AI has driven markets higher on gains from the tech giants and chipmakers closest to the trade. Underpinning their growth is the expectation that corporate clients deploying AI will either boost worker productivity or lower expenses through layoffs — or both. But similar to how the internet story played out in the 1990s, near-term expectations for AI may have outstripped reality. Most corporations had no tangible returns yet on their AI projects despite more than $30 billion in collective investments, according to an MIT report from July.
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co. speaks during an event honoring local construction workers who helped build the firm’s new headquarters at 270 Park Avenue, in the Midtown area of New York City, U.S., Sept. 9, 2025. Shannon Stapleton | Reuters
In the case of JPMorgan, even with it $18 billion annual tech budget, it will take years for the company to realize AI's potential by stitching the cognitive power of AI models together with the bank's proprietary data and software programs, said Waldron. "There is a value gap between what the technology is capable of and the ability to fully capture that within an enterprise," Waldron said. Companies "do work in thousands of different applications, there's a lot of work to connect those applications into an AI ecosystem and make them consumable," he said. If JPMorgan can beat other banks to the punch on incorporating AI, it will enjoy a period of higher margins before the rest of the industry catches up. That first-mover advantage will allow it to grow revenues faster by going after a larger slice of the addressable market in global finance — enabling the bank to pitch more middle-market companies in investment banking, for instance.
Change on the horizon
AI was a major topic at a four-day executive retreat held in July by JPMorgan CEO Jamie Dimon, according to a person who attended but declined to be identified speaking about the private event. Among concerns discussed at the off-site meeting, held at a resort outside Nashville, Tennessee, was how AI-driven changes will be adopted by the bank's 317,000-person workforce and its possible impacts to the apprenticeship model on areas including investment banking. If JPMorgan succeeds with its AI goals, it will mean that a bank that is already the largest and most profitable in American history is set for new heights. Dimon has led the bank since 2005, guiding it through periods of upheaval to notch record profits in 7 of the last 10 years. The end state for JPMorgan, as envisioned by Waldron, is a future in which AI is woven into the fabric of the company: "Every employee will have their own personalized AI assistant; every process is powered by AI agents, and every client experience has an AI concierge," he said.
JPMorgan laid the groundwork for this starting in 2023, when it gave employees access to OpenAI's models through LLM Suite; it was essentially a corporate ChatGPT tool used to draft emails and summarize documents. About 250,000 JPMorgan employees have access to the platform today, which is the entire workforce except for branch and call center staff, said Waldron. Half of them use it roughly every day, he said. JPMorgan is now early in the next phase of its AI blueprint: It has begun deploying agentic AI to handle complex multistep tasks for employees, according to an internal road map provided by the bank. "As those agents become increasingly powerful in terms of their AI capabilities and increasingly connected into JPMorgan," Waldron said, "they can take on more and more responsibilities."
Nvidia deck
Waldron, a former McKinsey partner with a Ph.D. in computational physics, recently demonstrated LLM Suite's capabilities to CNBC. He gave the program a prompt: "You are a technology banker at JPMorgan Chase preparing for a meeting with the CEO and CFO of Nvidia . Prepare a five-page presentation that includes the latest news, earnings and a peer comparison." LLM Suite created a credible-looking PowerPoint deck in about 30 seconds. "You can imagine in the past how that would have been done; we would've had teams of investment banking analysts working long hours at night to do this," said Waldron. The bank is also training AI to draft other key investment banking documents including the "inch thick" confidential memos that JPMorgan produces for prospective M&A clients, said the person who attended the July executive meeting.
Derek Waldron, JPMorgan's chief analytics officer. Courtesy: JP Morgan
The prospect of collapsing workloads means that fewer junior bankers may be needed even while AI-enabled teams handle more work and pitch more companies, according to senior Wall Street executives at several firms who spoke on the condition of anonymity to provide their candid thoughts. But to extract the full value from this new, almost magical technology, it's not just about the tools: Changes to how employees and departments are organized may be needed. One proposal being discussed at a major investment bank is reducing the ratio of junior bankers to senior managers from the current 6-1 to 4-1. In the new regime, half of those junior bankers would be working from cities with cheaper labor, say Bengaluru, India, and Buenos Aires, Argentina, instead of being clustered in expensive New York. The AI-powered junior bankers could then work on deals in shifts around the clock, passing the baton from one time zone to the next. With fewer bankers on the payroll, the cost structure of investment banking would fall, boosting the bottom line, said the executives.
Structural shifts
Unlike previous generations of technology, where bespoke automation tools had to be made for every distinct job, LLM Suite can service them all, from traders to wealth managers and risk officers, according to Waldron. The implications for workers are profound. AI will empower some workers and give them more time, positioning them at the center of a team of AI agents. Others will be displaced by AI that takes over processes which no longer require human intervention. That shift favors those who work directly with clients — a private banker with a roster of rich investors, traders who cater to hedge fund and pension managers, or investment bankers with relationships with Fortune 500 CEOs, for instance. Those at risk of having to find new roles include operations and support staff who mainly deal in rote processes like setting up accounts, fraud detection or settling trades. In May, JPMorgan's consumer banking chief told investors that operations staff would fall by at least 10% in the next five years thanks to artificial intelligence deployment. "In an AI world, you'll still have people at the top who are managing and have relationships with clients, but many, many of the processes underneath are now being done by AI systems," Waldron said.
AI FOMO
But it's still unwritten as to how that future will unfold; will corporations retain workers impacted by AI, retraining them for the new roles it creates? Or will they simply opt to cut their payroll? "Without a doubt, AI technology will have changes on the construction of the workforce," Waldron said. "That is certain, but I think it's unclear as to exactly what those changes will look like." More broadly, Waldron said that workers would shift from being creators of reports or software updates, or "makers" in his terminology, to "checkers" or managers of AI agents doing that work. The bank is closing in on another frontier: It will soon allow generative AI to interact directly with customers, Waldron said. JPMorgan will start with limited cases, like allowing it to extract information for a user, before rolling out more advanced versions, he said. Despite market concerns that the AI trade is a brewing bubble, corporate clients are actually more worried now that if they don't start adopting it soon, they'll fall behind and lose share, said Avi Gesser, a Debevoise & Plimpton partner who advises corporations on issues around AI. "People are starting to see what these tools can do," Gesser said. "They're sort of like, 'Wow, if you get the workflow right, implement it properly and have the right guardrails, I could see how that would save you a lot of time and a lot of money and deliver a better product."
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Nvidia
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https://www.cnbc.com/2025/09/30/cnbc-daily-open-feds-path-ahead-could-be-clouded-if-us-government-shuts-down.html?&qsearchterm=Nvidia
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CNBC Daily Open: Fed's path ahead could be clouded if U.S. government shuts down
| 2025-09-30T00:00:00
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US Federal Reserve Chair Jerome Powell speaks at a news conference at the Federal Reserve headquarters, following the Federal Open Market Committee (FOMC) meeting in Washington, DC, on Sept. 17, 2025.
After a seemingly unproductive meeting between lawmakers and U.S. President Donald Trump on Monday, the chances that the country's government will be shutting down two days later appear to be growing.
If the U.S. government shuts down, it's essentially like a depressed millennial spending a week in bed having an existential crisis. That is to say, vital functions of the country, such as defence and healthcare, are preserved, but non-essential ones will be curtailed.
One of the offices that will pause functioning: the Bureau of Labor Statistics, which releases the jobs and inflation reports, on which the Federal Reserve relies to make rate decisions. Delayed or murky data means a foggier sea for Chair Jerome Powell to navigate.
Still, major U.S. indexes climbed on Monday as artificial intelligence kingpin Nvidia regained some ground lost last week, while shares of Electronic Arts popped on news that the video game company will be taken private.
Meanwhile, investors pushed up shares of Etsy because of its tie-up with OpenAI's new Instant Checkout feature. In other words, the haven for "corporate refugees," who have turned to handmaking crafts, is partnering the artificial intelligence company that seems to be creating corporate refugees.
Cue more millennial existential crises.
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Nvidia
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https://www.cnbc.com/2025/09/30/taiwan-should-only-produce-half-of-americas-chips-says-us-commerce-chief.html?&qsearchterm=Nvidia
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U.S. Commerce head Lutnick wants Taiwan to help America make 50% of its chips locally
| 2025-09-30T00:00:00
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The Trump administration is pushing Taipei to shift investment and chip production to the U.S. so that half of America's chips are manufactured domestically, in a move that could have implications for Taiwan's national defense.
Washington has held discussions with Taipei about the "50-50" split in semiconductor production, which would significantly reduce American dependence on Taiwan, U.S. Secretary of Commerce Howard Lutnick told NewsNation in an interview released over the weekend.
Taiwan is said to produce over 90% of the world's advanced semiconductors, which, according to Lutnick, is cause for concern due to the island nation's distance from the U.S. and proximity to China.
"My objective, and this administration's objective, is to get chip manufacturing significantly onshored — we need to make our own chips," Lutnick said. "The idea that I pitched [Taiwan] was, let's get to 50-50. We're producing half, and you're producing half."
Lutnick's goal is to reach about 40% domestic semiconductor production by the end of U.S. President Donald Trump's current term, which would take northwards of $500 billion in local investments, he said.
Taiwan's stronghold on chip production is thanks to Taiwan Semiconductor Manufacturing Co. , the world's largest and most advanced contract chipmaker, which handles production for American tech heavyweights like Nvidia and Apple.
Taiwan's critical position in global chips production is believed to have assured the island nation's defense against direct military action from China, often referred to as the "Silicon Shield" theory.
However, in his NewsNation interview, Lutnick downplayed the "Silicon Shield," and argued that Taiwan would be safer with more balanced chip production between the U.S. and Taiwan.
"My argument to them was, well, if you have 95% [chip production], how am I going to get it to protect you? You're going to put it on a plane? You're going to put it on a boat?" Lutnick said.
Under the 50-50 plan, the U.S. would still be "fundamentally reliant" on Taiwan, but would have the capacity to "do what we need to do, if we need to do it," he added.
Beijing views the democratically governed island of Taiwan as its own territory and has vowed to reclaim it by force if necessary. Taipei's current ruling party has rejected and pushed back against such claims.
This year, the Chinese military has held a number of large-scale exercises off the coast of Taiwan as it tests its military capabilities. During one of China's military drills in April, Washington reaffirmed its commitment to supporting Taiwan.
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Nvidia
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https://www.cnbc.com/2025/09/30/cnbc-daily-open-a-us-government-shutdown-could-make-feds-job-harder.html?&qsearchterm=Nvidia
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CNBC Daily Open: A U.S. government shutdown could make Fed's job harder
| 2025-09-30T00:00:00
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U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, following the issuance of the Federal Open Market Committee's statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025.
After a seemingly unproductive meeting between lawmakers and U.S. President Donald Trump on Monday, the chances that the country's government will be shutting down two days later appear to be growing.
If the U.S. government shuts down, it's essentially like a depressed millennial spending a week in bed having an existential crisis. That is to say, vital functions of the country, such as defence and healthcare, are preserved, but non-essential ones will be curtailed.
One of the offices that will pause functioning: the Bureau of Labor Statistics, which releases the jobs and inflation reports, on which the Federal Reserve relies to make rate decisions. Delayed or murky data means a foggier sea for Chair Jerome Powell to navigate.
Still, major U.S. indexes climbed on Monday as artificial intelligence kingpin Nvidia regained some ground lost last week, while shares of Electronic Arts popped on news that the video game company will be taken private.
Meanwhile, investors pushed up shares of Etsy because of its tie-up with OpenAI's new Instant Checkout feature. In other words, the haven for corporate refugees, who have turned to handmaking crafts, is partnering the artificial intelligence company that seems to be creating corporate refugees.
Cue more millennial existential crises.
|
Nvidia
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https://www.cnbc.com/2025/09/29/californias-newsom-signs-law-requiring-ai-safety-disclosures.html?&qsearchterm=Nvidia
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California's Newsom signs law requiring AI safety disclosures
| 2025-09-29T00:00:00
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California Governor Gavin Newsom speaks during the 2025 Clinton Global Initiative (CGI) in New York City, U.S., September 24, 2025.
California Governor Gavin Newsom signed into state law on Monday a requirement that ChatGPT developer OpenAI and other big players disclose how they plan to mitigate potential catastrophic risks from their cutting-edge AI models.
California is the home to top AI companies including OpenAI, Alphabet's Google, Meta Platforms Nvidia and Anthropic, and with this law seeks to lead on regulation of an industry critical to its economy, Newsom said.
"California has proven that we can establish regulations to protect our communities while also ensuring that the growing AI industry continues to thrive," Newsom said in a press release.
Newsom's office said the law, known as SB 53, fills a gap left by the U.S. Congress, which so far has not passed broad AI legislation, and provides a model for the U.S. to follow.
If federal standards are put in place, Newsom said, the state legislature should "ensure alignment with those standards - all while maintaining the high bar established by SB 53."
Last year, Newsom vetoed California's first attempt at AI legislation, which had faced fierce industry pushback. The bill would have required companies that spent more than $100 million on their AI models to hire third-party auditors annually to review risk assessments and allowed the state to levy penalties in the hundreds of millions of dollars.
The new law requires companies with more than $500 million in revenue to assess the risk that their cutting-edge technology could break free of human control or aid the development of bioweapons, and disclose those assessments to the public. It allows for fines of up to $1 million per violation.
Jack Clark, co-founder of AI company Anthropic, called the law "a strong framework that balances public safety with continued innovation."
The industry still hopes for a federal framework that would replace the California law, as well as others like it enacted recently in Colorado and New York. Last year, a bid by some Republicans in the U.S. Congress to block states from regulating AI was voted down in the Senate 99-1.
"The biggest danger of SB 53 is that it sets a precedent for states, rather than the federal government, to take the lead in governing the national AI market – creating a patchwork of 50 compliance regimes that startups don't have the resources to navigate," said Collin McCune, head of government affairs at Silicon Valley venture capital firm Andreessen Horowitz.
U.S. Representative Jay Obernolte, a California Republican, is working on AI legislation that could preempt some state laws, his office said, although it declined to comment further on pending legislation.
Some Democrats are also discussing how to enact a federal standard.
"It's not whether we're gonna regulate AI, it's do you want 17 states doing it, or do you want Congress to do it?" U.S. Representative Ted Lieu, a Democrat from Los Angeles, said at a recent hearing on AI legislation in the U.S. House of Representatives.
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Nvidia
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https://www.cnbc.com/2025/09/29/jim-cramer-explains-why-he-thinks-the-ai-boom-is-different-than-the-dotcom-bubble.html?&qsearchterm=Nvidia
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Jim Cramer explains why he thinks the AI boom is different than the dotcom bubble
| 2025-09-29T00:00:00
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CNBC's Jim Cramer on Monday pushed back against the narrative that Wall Street's fervor for artificial intelligence is the same as the dotcom bubble of 2000, saying there are major differences in terms of the quality and funding of the current Big Tech stocks that are leading the market to new heights.
"Speaking as an internet pioneer, what I see now is the polar opposite of what we were seeing 25 years ago. When the dotcoms made bad investments, nearly all of them went under," he said. "But, worst case scenario, if Google and Amazon and Meta make bad investments and take big losses, that's just another day at the office."
Cramer explained that some on Wall Street doubt the validity of hyperscalers' huge investments in AI and data centers, and they fear the AI boom will bust and send the market into chaos like what happened at the end of the dotcom era.
But Cramer suggested that each of the major players in the space — namely Nvidia , Microsoft , Meta , Apple , Alphabet , Amazon and Tesla — are all "developing a reputation for something different" and are more substantive than many of the dotcom companies. He noted that most of the data centers are being built by these massively rich companies, which was not the case for some dotcom-era outfits that bought infrastructure and fell into debt. However, he said he was somewhat concerned with Oracle 's announcement it would build data centers with "big money from OpenAI," as "we have no idea where that money's really going to come from."
He also suggested that the tech megacaps aren't "the types of companies that will roll over and go under in a few months' time." Instead, he said that for the most part, they're flush with cash and could pivot and write off debt if they needed. He also expressed optimism that these companies will continue to succeed as AI technology becomes more and more advanced.
However, despite his confidence in Big Tech and the AI thesis, Cramer said he doesn't think investors should stop scrutinizing major stock moves and investments in the space.
"So, should we take the dotcom bomb scenario off the table? Oddly, I don't want it to be taken off the table," he said. "See, The skepticism keeps things in check. If there weren't such a negative bent to the story right now, everyone would be in this pool, and we'd all drown."
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Nvidia
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https://www.cnbc.com/2025/09/29/tuesdays-big-stock-stories-whats-likely-to-move-the-market-in-the-next-trading-session.html?&qsearchterm=Nvidia
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Tuesday's big stock stories: What’s likely to move the market in the next trading session
| 2025-09-29T00:00:00
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Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching on Monday and what's on the radar for Tuesday's session. Markets in the green The Dow , S & P 500 and Nasdaq all finished higher as Nvidia rebounded. The Russell 2000 also finished in the green and is on pace for a fifth straight monthly gain — its longest streak since 2021. Robinhood topped the S & P 500 as the stock looks to close out its sixth straight positive month. With a $121 billion market cap, Robinhood is now worth more than KKR . Williams-Sonoma sank to the bottom of the S & P 500 after President Donald Trump threatened furniture tariffs Friday. Tesla powers through September Tesla is on track for its best month since November 2024, when Trump won the presidential election. The stock is also aiming for a fifth straight weekly gain, matching a streak last seen in December 2023. Last week, Deutsche Bank raised its Tesla price target , citing artificial intelligence initiatives as a potential stock booster. Low energy Last week, energy led the market — on Monday, it was the biggest laggard. The sector is now on track to snap a 4-month winning streak, matching one that ended in 2023. The pullback comes as oil prices slipped after OPEC+ signaled another output hike in November. Nike earnings on the way Nike reports quarterly results Tuesday after the bell. Investors are watching for sales pressure from fewer promotions and inventory cuts, while gauging progress on turnaround efforts. The stock is coming off its fifth straight negative week, which threatens a 4-month win streak. Since Elliott Hill became CEO last October, shares have fallen 15%. Nike shares are down more than 10% in September, and are off 8% year to date. As it stands, Nike shares are on track to post a fourth consecutive down year. NKE YTD mountain Nike shares year to date AT & T and Ford in focus Don't miss "Squawk Box's" interviews with AT & T CEO John Stankey (7:30 a.m. ET) and Ford CEO Jim Farley (8:30 a.m. ET). AT & T shares have climbed more than 20% in 2025 but have remained negative over the past two years. Ford is on track for its fifth straight positive month, matching a streak last seen in 2020. Year to date, the automaker's stock is up 22%. However, just like AT & T, the stock is still negative over the past two years. Bitcoin bounces back Bitcoin climbed above $114,000 after notching its best day in more than a month. (Hat tip to Nick Wells.) Ether logged its strongest day in more than two weeks, but it's still heading for its worst month since March. BTC.CM= 3M mountain Bitcoin performance over the past three months
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Nvidia
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https://www.cnbc.com/2025/09/29/santolis-monday-market-wrap-up-firm-start-to-week-keeps-indexes-near-records.html?&qsearchterm=Nvidia
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Santoli's Monday market wrap-up: Firm start to the week keeps indexes just below record highs
| 2025-09-29T00:00:00
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(These are the market notes on today's action by Mike Santoli, CNBC's Senior Markets Commentator. See today's video update from Mike above.) A firm but noncommittal start to the week, the indexes continuing to hover just below record highs on selected mega-cap strength and constant rotation. Nvidia , after a few days of shallow downside chop, had a sturdy bid and accounts for most of the S & P 500 's slim quarter-percent gain. Energy , last week's comeback player, was off 2% on a supply-driven slide in crude prices. The so-called "dispersion trade" has been quite active since the traditionally weak seasonal stretch began in August. This features stocks moving their own way, mechanical shifts in flows among sectors, suppressing index-level volatility and keeping the market in equilibrium as investors await the next macro catalysts and earnings updates. Some quarter-end rebalancing out of stocks and into bonds has been expected and has perhaps been an overhang in recent days, given the sharp outperformance of equities over fixed-income paper since June 30 – shown here via the Vanguard Total Market ETF and the iShares Aggregate Bond ETF. Still, most of this activity has likely already occurred. Another technical influence is said to be the rolling off of sizable options exposures that have held the indexes in place through offsetting dealer hedging action. While never a true cause of a major move, such factors can cause ripples and open a window for somewhat wider, looser moves in weeks to come. The loud collective questioning of the AI boom and whether it was overshooting to place vast amounts of capital at risk seems to have hit a short-term peak last week. Morgan Stanley semiconductor analysts concede the prospect for eventual redundant buildouts and malinvestment, but today accentuated that OpenAI's gargantuan plans for $350 billion to $400 billion in incremental spending over several years "literally was not in [earnings] estimates at all." The brute force of this promised spending (with many asterisks about funding and power needs) can be enough to soothe bubble fears in the near term. Government shutdown likelihood not making much of a ripple, as everyone recites the well-understood history in which such episodes rarely undercut the economy or markets in a detectable way. Treasury's "general account" cash stores have been replenished and the spend-down would be net additive for a time. Going without a jobs report Friday would not be ideal, but it comes as most acute stagflation fears have eased. Some talk that relatively light institutional positioning accounts for the resilient tape and minimal depth of pullbacks, along with universal expectation for a year-end ramp. That plus Wall Street talking itself into "Goldilocks" mode again (Fed doing "soft landing" cuts, economy possibly soon gaining pace) has kept sellers at bay. Hard to argue with, though it's crucial to acknowledge that this is now a very popular take in a market that hasn't had a proper shakeout in months.
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Nvidia
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https://www.cnbc.com/2025/09/29/ai-bull-marks-the-revenge-of-the-dotcom-boxmakers-like-cisco-dell-how-to-trade-the-stocks-from-here.html?&qsearchterm=Nvidia
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AI bull marks the revenge of the Dotcom 'boxmakers' like Cisco, Dell. How to trade the stocks from here
| 2025-09-29T00:00:00
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(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — I remember being a retail stockbroker in 1999, pitching shares of Mellon Bank to my retail brokerage customers. After the repeal of the Glass-Steagall Act under President Bill Clinton, a wave of bank and brokerage mergers and acquisitions had taken place. These included the buyouts of PaineWebber by UBS, Donaldson Lufkin & Jenrette by Credit Suisse, JPMorgan by Chase Manhattan, Bank of America by NationsBank and Citicorp by Travelers. My pitch was that Mellon was on the shortlist to be acquired — which eventually happened in 2007 by the Bank of New York. But my pitch looked ridiculous to the other brokers in the boardroom. They couldn't understand why I would be wasting my time looking to make clients ten or fifteen points in a stock when I could just be pitching Dell Computer, Cisco Systems, EMC or Hewlett-Packard. Yes, I'm using the original names for these companies... I'm old school like that). These stocks were doubling and tripling every few months back then. I was shooting for singles and doubles while the other brokers were swinging for the fences. They had a point, in the short-term. It was the early days of Internet 1.0 and I was talking about deposits and savings account growth. One of my colleagues who had recently switched away from a pitch on Bristol Myers to selling fiber optics companies to his clients made the statement "I will never pitch a non-technology stock to my clients ever again. Everything else is a waste of time." I tell this story because many of the names we were enamored with in that era were what came to be known derisively as "the boxmakers" as investors threw in the towel on them. In the wake of the original Dotcom Bubble's bursting, you couldn't give these stocks away. Cisco and IBM went to sleep for almost two decades. Dell was taken private after struggling for what seemed like forever. New technology growth stories eventually came along that were more heavily involved in software, wireless communications, social media and semiconductors. The companies making PCs, routers and servers - big gray boxes - were never thought of or spoken about again. They were simply out of the conversation. Until now. One of the more interesting aspects of the Internet 3.0 era we're in now — the AI datacenter buildout — is that it is heavily reliant on next-generation equipment. Millions upon millions of boxes (modern versions, of course) are being purchased every quarter, by cloud providers around the world. Old Tech is playing a huge role in the AI boom and it's a lot of fun to see some of the stocks from my youth making a comeback all these years later. Sean is going to drop the normal Monday charts and then walk you through how Dell, HP and Cisco have become relevant again to growth investors, and I'll be back with some technicals. Sector Leaderboard As of Sept. 29, there are 211 names on The Best Stocks in the Market list. Top Sector Ranking: Top Industries: Top 5 Best Stocks by Relative Strength: Sector spotlight: Sean — IBM was just added to the list on Friday of last week. IBM's AI strategy centers on watsonx, its enterprise platform that helps companies build, govern, and deploy generative AI and machine-learning models across hybrid cloud environments. Bank of America recently detailed in a report all the companies involved in building a data center in 2025. In the report, he 800-pound gorilla of the data center build Nvidia is there, along with other sexy names like Arista, Huawei, and SMCI. I was surprised when I saw some of the old-guard tech names involved. Names like IBM, CSCO, Dell and even HPE (HP split into two companies, HPQ and HPE). Take Dell for example. Dell plays a big role in data center build-outs by providing the core infrastructure — servers, storage, networking — and modular data center solutions that bundle racks, power, and cooling for data center deployment. HPE's chart is slightly further along; HPE offers modular and prefabricated data center architectures (e.g. "PODs" and scalable modules) to speed deployment, simplify expansion, and improve energy efficiency. And finally, there's CSCO — the enduring reminder of what bubbles can do to a stock: CSCO is providing the networking gear and AI-driven management software that move data efficiently and securely across those AI-heavy data centers. Its last all-time high came on March 27, 2000, some 6,414 trading days and 5,145 S & P points ago. CSCO hasn't been this close to new highs since Creed's 'Higher' was climbing the Billboard charts in 2000. Left for dead after the first tech boom, these stocks are quietly staging a big comeback in the age of AI. Over the past year, IBM is up 29%, CSCO 28%, HPE 27%, and Dell 12%. Are the Creed lyrics in your head yet? Can you take me higher? Risk Management: Josh — Let's take a look at Cisco today, approaching the old highs above $70 per share versus the last time it traded at these levels at the peak of the Dotcom boom in 2000. Specifically, let's look at the company's valuation then and now: Ignore that blip higher in the orange line (PE ratio) which was caused by a one-time $10.4 billion non-recurring loss due to the Tax Cuts & Jobs Act as it reclassified foreign earnings. Outside of that, you can see that Cisco's PE ratio today is substantially lower than what we had seen previously. There was a time Cisco shares were trading at 250 times earnings while today it's more like 25 times. This approach toward $70 per share is not anything like the last one. It should be pointed out that modern Cisco is a materially better and more diversified business than it was back then. Cisco's software and cybersecurity business makes it a much more compelling story despite the fact that networking equipment is still the core business all these years later. By which I mean to say not to fear buying this stock at a 25-year high. Near-term it's a little too sloppy for me, but I am okay with an entry here so long as we respect the obvious support line, which I would draw around $60. That's the top of the breakaway gap I am showing you above from Cisco's post-earnings rally in May. The post-earnings rally from August faded away but the stock has been consolidating in a tight little range ever since. The next earnings report is November 12th which gives you time to accumulate if you think they'll surprise to the upside again. Dell Technologies put in an explosive new high back in May of 2024 (not shown above) and then a lower high last November. It's been consolidating ever since with a sloppy, choppy chart that's somehow managed to fight back to within proximity of a 52-week record. But it has failed in the 140s twice and I don't trust it until it can break above with a strong RSI above 60, confirming. I could be persuaded that the third time is the charm as it approaches the mid-140's but we're not there yet. The name can't seem to hold its 50-day which tells you the bulls are listless and not yet fully behind it. I would say to wait. Which leaves us with HPE. As Sean explained, this is the enterprise business that was separated from the HPQ consumer business selling PCs, printers and laptops. This took place exactly ten years ago, so the HPE business has had a long time to establish itself as a standalone entity in the eyes of investors. HPE sells directly into the cloud datacenter buildout - servers, data storage, IT consulting, networking equipment and software - which is why the stock has been on fire amidst increased capex guidance from the tech giants that are its customers. In the chart below, I am showing you a stock that has already broken out above its January highs and is now in the process of retesting that breakout level. Investors can risk-manage the position with a line in the sand at $20, the top of that breakaway gap in late June. Below it and something is wrong. Traders should tighten the leash and use $22, the current 50-day moving average. I don't want to risk more than 10% in a trade with this stock given the history. We just haven't seen a long enough uptrend for me to be confident the chop is over yet. DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC" TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
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