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Jim Cramer Describes Bitcoin, Gold As 'Bad Money' Getting Dumped For SpaceX — But 'Good Money' Apple And Nvidia Not Spared Either
Benzinga75d agoneutral
Jim Cramer Describes Bitcoin, Gold As 'Bad Money' Getting Dumped For SpaceX — But 'Good Money' Apple And Nvidia Not Spared Either

Market commentator and popular media personality Jim Cramer dubbed Bitcoin (CRYPTO: BTC) and gold as “bad money” on Wednesday, which are getting dumped to participate in SpaceX’s upcoming IPO. Good Vs. Bad In an X post, Cramer posited that investors are liquidating assets to free up cash for SpaceX, expected to be the biggest stock market debut in history. But the way he described those assets raised some eyebrows. The “Mad Money” host called Bitcoin and gold “bad money,” while referring to Nvid

Applied Optoelectronics (AAOI) Soars Anew on AI Optimism
Insider Monkey75d agobullish
Applied Optoelectronics (AAOI) Soars Anew on AI Optimism

Applied Optoelectronics Inc. (NASDAQ:AAOI) is one of the 10 Stocks Surviving Market Slaughter. Applied Optoelectronics jumped by 7.52 percent on Wednesday to finish at $175.13 apiece, as investors resumed buying positions in its stock amid strong investor optimism, fueled by the continued expansion of the artificial intelligence sector. Investor optimism can be partly attributed to […]

AmpliTech Group (AMPG) Is Up 42.6% After Unique AI-RAN Open RAN Breakthrough With NVIDIA
Simply Wall St.75d agobullish
AmpliTech Group (AMPG) Is Up 42.6% After Unique AI-RAN Open RAN Breakthrough With NVIDIA

AmpliTech Group recently took part in the O-RAN ALLIANCE Global PlugFest Spring 2026, where its O-RAN CAT B 64T64R Massive MIMO radio was the only American-designed radio at that specification to complete successful multi-vendor interoperability testing and support the world’s first open-source Massive MIMO AI-RAN demonstration with NVIDIA and Northeastern University. These achievements, alongside AmpliTech’s role in the broader Open RAN ecosystem, highlight its growing importance as a...

Cerebras Systems (CBRS) Gets Fresh Positive Rating, Climbs by This Much
Insider Monkey75d agobullish
Cerebras Systems (CBRS) Gets Fresh Positive Rating, Climbs by This Much

Cerebras Systems Inc. (NASDAQ:CBRS) is one of the 10 Stocks Surviving Market Slaughter. Cerebras Systems climbed by 4.64 percent on Wednesday to close at $237.33 apiece, as investors took heart from a fresh bullish rating for its stock. In its market note, Morgan Stanley recommended investors buy shares of Cerebras Systems Inc. (NASDAQ:CBRS), while issuing […]

Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
Insider Monkey75d agoneutral
Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4

Nvidia Corp (NASDAQ:NVDA) is one of the best data center stocks to invest in according to billionaires. Nvidia shares are up 14% over the past month and up more than 48% over the past year. On June 6, Micron Technology (NASDAQ:MU) secured certification for its HBM4 memory on Nvidia Corp (NASDAQ:NVDA)’s upcoming Vera Rubin AI […]

Nvidia (NVDA) Valuation Check After Major South Korea AI Memory And Data Center Agreements
Simply Wall St.75d agoneutral
Nvidia (NVDA) Valuation Check After Major South Korea AI Memory And Data Center Agreements

NVIDIA (NVDA) just signed multi-year agreements in South Korea to secure next generation memory from SK hynix and to support gigawatt scale AI factories with SK Telecom and NAVER, reinforcing its data center centric AI roadmap. See our latest analysis for NVIDIA. Despite heavy news flow and new agreements, NVIDIA’s recent share price momentum has cooled, with the stock down 6.7% over the past week and 8.7% over the past month, although the 1-year total shareholder return of 40.5% and very...

US stocks tumble, dragged by tech and Iran war worries
Reuters Videos75d agobearishVIDEO
US stocks tumble, dragged by tech and Iran war worries

<body><p>STORY: Wall Street's main indexes tumbled on Wednesday, with the Dow dropping almost 1.9%, the S&P 500 shedding 1.6% and the Nasdaq falling nearly 2%.</p><p>:: Archive</p><p>Renewed tensions in the Middle East added to investor uncertainty, with President Donald Trump saying the U.S. would attack Iran again "very hard" following a significant exchange of fire overnight.</p><p>Chip makers continued to drag on the market, extending their recent declines. Shares of Nvidia lost more than 3.5%, while Broadcom dropped more than 5%.</p><p>Gina Martin Adams is chief market strategist at HB Wealth.</p><p>"We've had a pretty tough go for the last few days in the equity market, really starting in the middle of last week. We started to see a little bit of rotation out of technology stocks as the earnings season is finally finished. That was clearly the big catalyst for gains. Now we're starting to see markets react a little bit to friction that has reemerged in the Middle East. So you've got two different influences on the equity market right now. Investors are rotating out of tech after the enormous run that it had had since the end of March, and Middle East tensions, which are flaring up again."</p><p>:: Oracle</p><p>In other tech names, shares of Oracle, down more than 2% at the close, dropped further in extended trading after&nbsp;</p><p>the company reported quarterly revenue that narrowly beat Wall Street expectations. Its results came amid concerns about Oracle's spending and AI-driven disruption to traditional software demand. The company also said it expects to raise nearly $40 billion through a combination of debt and equity financing in fiscal 2027.</p><p>:: Archive</p><p>Shares of Super Micro Computer nosedived 28% after the company announced plans to raise $7 billion through a series of equity and equity-linked transactions to fund component purchases for its growing AI server demand.</p><p>:: Archive</p><p>And shares of trucking companies dipped after Amazon announced an expansion of its freight services, with shares of J.B. Hunt, XPO and Old Dominion all suffering losses.</p><p>Meanwhile, data from the Labor Department showed U.S. consumer prices increased 4.2% in the 12 months through May, the largest gain since April of 2023.</p><p>While the Federal Reserve is widely expected to hold interest rates steady at its policy meeting next week, investors are now pricing in at least one rate hike by the end of the year.</p></body>

Wall Street CIO: The AI Trade is “Technically Unsustainable.” Buy These Two Industries Instead.
24/7 Wall St.75d agobullish
Wall Street CIO: The AI Trade is “Technically Unsustainable.” Buy These Two Industries Instead.

Peter Boockvar, Chief Investment Officer at One Point BFG Wealth Partners, told CNBC on June 10 that the technical setup under the AI trade has gotten silly. “Stocks in the AI trade got so far above their moving averages that you just knew that usually chart patterns like that are unsustainable,” he said. His call ... Wall Street CIO: The AI Trade is “Technically Unsustainable.” Buy These Two Industries Instead.

Morgan Stanley revamps Apple stock target after key event
TheStreet75d agoneutral
Morgan Stanley revamps Apple stock target after key event

Apple (AAPL) has spent the bulk of the past couple of years trying to convince investors it has not fallen behind in the relentless AI race. Morgan Stanley buys that story. According to TheFly, the firm reset its price target on Apple stock after WWDC 2026, saying the event gave investors a sharper ...