1 min read

Chip stocks rally, with Lam Research, Micron and AMD up double digits

Tech Chip stocks rocketed on Thursday after strong tech earnings from Microsoft and Lam Research sparked a widespread rally, fueling double-digit gains for hard-hit semiconductor companies. Lam Research shares popped 20% and headed for their best day since 1999. The company posted strong earnings and guidance on artificial intelligence-driven demand. Microsoft popped 15% after signaling […]

4 mins read

Middle-aged Main Street business owners

Small Business Frazao Studio Latino | E+ | Getty Images As the U.S. economy moves through the final quarter of the year, uncertainty remains a constant. Consumers and large corporations are showing resilience, but Main Street is still feeling the squeeze of inflation and shifting policies. The result? These mixed signals are keeping many small […]

2 mins read

‘This is a clearing event’ — Cramer says forced selling may signal a bottom for AI trade

Tech Jim Cramer said Thursday the forced unwinding of levered hedge-fund bets on artificial intelligence stocks may help stabilize the wobbly AI trade. Cramer’s comments on CNBC came before the opening bell and shortly after his colleague David Faber’s initial report that prime brokers for Situational Awareness — the buzzy AI-focused hedge fund founded by […]