2 hours ago
CNBC Pro: Is it time for investors to hedge against market declines? Pros share their thoughts and strategies
2 hours ago
CNBC Pro: Goldman expects these 3 stocks to rise as Nvidia unveils powerful AI chips
Following the launch of powerful new artificial intelligence chips from Nvidia, Goldman Sachs predicts significant growth in memory chips used in AI systems.
The investment bank expects HBM’s total addressable market to grow tenfold to $23 billion by 2026, from just $2.3 billion in 2022.
Wall Street banks see the three major memory makers as the main beneficiaries of the rapidly growing HBM market. Investors can purchase his three shares through a concentrated exchange-traded fund or a diversified fund.
CNBC Pro subscribers can read more here.
— Ganesh Rao
5 hours ago
Stock prices end up rising
The S&P 500 and Dow Jones Industrial Average both closed higher on Wednesday, ending a three-day losing streak.
The overall market index rose 0.86% to settle at 5,248.49. The Dow 30 rose 1.22% (477.75 points) to close at 39,760.08. The tech-heavy Nasdaq Composite Index followed, rising 0.51% to close at 16,399.52.
— Lisa Kailai Han
6 hours ago
According to Bespoke, Apple underperformed the S&P 500 by the largest margin since October 2013.
Declining sales in China and a lack of clear talk about artificial intelligence have depressed Apple’s stock price so far this year.
The Magnificent Seven’s darling stock soared an astonishing 48% last year, but fell 12% in 2024. One source said the 200-day performance spread between Apple and the S&P 500 has not been this wide since October 2013. Tweet From Bespoke Investment Group.
Bespoke noted that the market could recover without Apple, but it would be rare. The median change in the S&P 500 during the period in which Apple fell in his 200-day trading window was a loss of 9.3%.
— Lisa Kailai Han
6 hours ago
Crude oil prices fall due to increase in US crude oil inventories
Crude oil futures fell for the second consecutive day on Wednesday as US crude oil inventories increased.
West Texas Intermediate for May delivery fell 27 cents, or 0.33%, to close Wednesday at $81.35 a barrel. Brent for May delivery fell 16 cents, or 0.19%, to $86.09 a barrel.
U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve, rose by 3.2 million barrels in the week ended March 22, according to the Energy Information Administration. Gasoline inventories increased by 1.3 million barrels.
— Spencer Kimball
