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Morgan Stanley’s near-term rally call: CIO Mike Wilson sees beaten-up Mag 7 stocks as winners
Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the […]
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Google’s $32 billion Wiz deal may signal a turning point for slow IPO, M&A markets
Assaf Rappaport, Wiz, on Centre Stage during day one of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Images Google’s acquisition of cybersecurity startup Wiz could be a turning point for an uncertain IPO market and a mergers and acquisitions environment aching from a slowdown in deal […]
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Investors would have been better off buying Berkshire Hathaway shares than Mag 7 to start 2024
The Magnificent 7 tech magacaps fueled the AI-powered bull market, but lately Warren Buffett’s old-economy conglomerate Berkshire Hathaway is coming out on top. The CNBC Magnificent 7 Index, consisting of Apple , Alphabet , Nvidia , Microsoft , Tesla , Meta and Amazon , is up 43.4% since the beginning of 2024. Berkshire has handily […]
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Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008
Microsoft CEO Satya Nadella speaks at the Microsoft Build AI Day event in Bangkok, Thailand, on May 1, 2024. Chalinee Thirasupa | Reuters With about 10 minutes left until the market’s close, Microsoft’s stock was down for the week. It would’ve been the first eight-week losing streak since 2008. But the shares popped just before […]
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Elon Musk tells Tesla employees ‘hang onto your stock,’ urges vandals to ‘stop being psycho’
Tesla CEO Elon Musk watches as President Donald Trump talks to the media, outside the White House in Washington, D.C., March 11, 2025. Kevin Lamarque | Reuters During Elon Musk’s two months in Washington, D.C., Tesla shares have been on a precipitous decline, losing over 40% of their value. Protests and campaigns against Tesla, Musk […]
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Why startups and tech giants are racing to build a practical quantum computer
Technology giants Amazon, IBM, Google, Intel and Microsoft are all working on quantum technology, as are various other companies like Rigetti, IonQ, Quantum Computing Inc. and D-Wave Quantum Inc. The latest entrant into the space is Nvidia, with CEO Jensen Huang announcing in March that the company will build a quantum computing research center in […]
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The Magnificent 7’s lousy year, by the numbers
Elon Musk attends the first cabinet meeting hosted by U.S. President Donald Trump, in Washington, D.C., U.S., Feb. 26, 2025. Brian Snyder | Reuters It’s been a painful year so far for megacap technology giants and 2025 is only getting started. Six members of the group are already tracking for significant year-to-date losses, led by […]
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Friday’s big stock stories: What’s likely to move the market in the next trading session
Stocks’ attempt at extending the post-Fed rally failed on Thursday, with all three major averages notching modest losses. Here’s what CNBC is watching Friday. Source
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S&P 500 seesaws as benchmark tries to continue comeback from monthlong rout: Live updates
Traders work on the floor at the New York Stock Exchange on March 20, 2025. Brendan McDermid | Reuters The S&P 500 fell on Thursday as the index attempted to build on the previous session’s strong gains, while some solid housing data assuaged some concerns about the U.S. economy falling into a recession. The S&P […]
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Huawei’s $1,000 foldable will run self-developed HarmonyOS 5 as it pushes Apple, Google alternative
Richard Yu Chengdong, executive director of Huawei and chairman of the Board of Directors of the Consumer Business Group, introduces HUAWEI Pura X mobile phone at a new product launch conference on March 20, 2025 in Shenzhen, China. Vcg | Visual China Group | Getty Images Huawei’s Pura X, a foldable smartphone launched Thursday, is […]
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