This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeboth rose more than 1%. All 11 S&P 500 sectors closed in positive territory. Mega caps rebounded from Monday's losses, with. Super Micro is a key supplier of servers for Nvidia, a major player in the AI boom, and has seen significant growth in recent years.
"My feeling is that this correction, although is stabilising, is not yet over. We're still going to see, I think, some choppy environments in the short-term as investors really start to calibrate and get more confident again about the direction of interest rates and the economy. But at the same time I don't think we are in a bear market and there are going to be some good opportunities here.
Asked by CNBC's David Faber if now was a good entry point to get investors back into the market, with the multiple on the Nasdaq down to 24-time earnings, Oppenheimer said,"I think it hasn't come down enough." He expects further declines before value investors see it as a good buying opportunity. Mega cap stocks were routed on Monday losing $1 trillion in early trading before recovering some ground. There has been a lot of concern around earnings and the billions spent by Microsoft,'s Azure numbers, they went from being a zero-dollar business seven quarters ago to having a $6 billion run rate today. I would challenge anyone to tell me what other business grew from zero to $6 billion in a year and a half. And that is just the early early innings of this AI trade.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: NBCLA - 🏆 319. / 59 Baca lebih lajut »
Sumber: NBCLA - 🏆 319. / 59 Baca lebih lajut »
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »