His comments came on CNBC’s “Closing Bell: Overtime” to Scott Wapner on Friday after the close.
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Jim Chanos reveals new short position in crypto exchange Coinbase
Technology
Cramer says Amazon CEO Andy Jassy just sent a very expensive message to the bears
It was not surprising that Amazon shares surged on Friday morning after the company’s “show me” quarter proved to be a “show of major force” from CEO Andy Jassy, according to CNBC’s Jim Cramer. Amazon reported third-quarter results Thursday evening that reignited investor enthusiasm in its cloud business, Amazon Web Services, the biggest in the […]
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Technology
Don’t own any Apple? Gear up to buy some if the stock keeps falling
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 Friday’s key moments. 1. The S & P 500 and Nasdaq Composite pushed higher Friday, buoyed by strength in Big Tech names like Club holding Amazon . The e-commerce giant reported a blockbuster […]
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Technology
As big tech pushes AI spending to the max, you may be helping to pay for it
As the tech industry’s giants race to build out AI infrastructure — Microsoft spent $34.9 billion in just one quarter while Meta plans to spend up to $72 billion this year — they may not be the only ones footing the multi-hundred-billion-dollar bill. The consumer is increasingly facing AI-soaked subscription tiers as tech firms attempt to […]
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