The Nvidia logo is displayed on a building at Nvidia headquarters on August 27, 2025 in Santa Clara, California.Justin Sullivan | Getty Images News | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. AI warsWall Street may be losing some of its excitement for artificial intelligence, but the battle among major technology companies for dominance in the field hasn’t cooled. After the bell today, investor attention will zero in on just one event: Nvidia’s earnings report.Here’s the latest on Nvidia and…
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Wells Fargo is adopting a bullish stance on Anheuser-Busch InBev . The bank initiated the brewer at an overweight rating. Its $75 price target implies upside of 23% from Tuesday’s close. The Budweiser maker has rallied 22% this year. Despite its strong performance, analyst Chris Carey noted the stock still looks cheap, trading near multidecade lows, versus mega-cap peers and its own earnings growth. Shares have also fallen 15% since AB InBev’s high of the year in June. BUD YTD mountain BUD YTD chart Carey pointed to upcoming catalysts, such as the World Cup, that could help accelerate the company’s…
Jefferies is getting more bullish on DoorDash as more advertising opportunities materialize. The investment firm upgraded the food delivery platform to buy from hold. It also raised its price target to $260 from $220, which signals upside of 23% from Tuesday’s close. Shares of DoorDash have rallied 26% this year, but have cratered 20% in the past 30 days, making DoorDash’s “strong execution and growth algorithm now appear underappreciated,” Jefferies wrote. DASH YTD mountain DASH YTD chart Analyst John Colantuoni believes that DoorDash’s outlook for “several hundred million dollars” of incremental investment in 2026 helped lower expectations, meaning that the…
Larry Summers, president emeritus and professor at Harvard University, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty ImagesFormer Treasury Secretary Larry Summers said Wednesday that he will resign from the board at OpenAI after the release of emails between him and the notorious sex offender Jeffrey Epstein.Summers had announced Monday that he would be stepping back from all public commitments, but it was not immediately clear whether that included his position at the artificial intelligence startup.”I am grateful for the opportunity to have served, excited about the potential of the company, and look forward to following their…
The government reopening may spark a fresh historic run for recently battered cryptocurrencies.Bitwise’s Matt Hougan expects legislation to support new investment products in the space.”It’s going to be ETF Palooza in Cryptoland. I think there’ll be 100 plus launches,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We’re going to see a lot of single asset crypto ETPs [exchange-traded products.] What I’m most excited about, though, is the growth of index based crypto ETPs.”Hougan’s prediction comes during a rough week for digital assets. Bitcoin fell below the $90,000 mark for the first time since April. It traded…
In an aerial view, a customer enters a Lowe’s store on May 21, 2025 in Cotati, California. Justin Sullivan | Getty ImagesLowe’s on Wednesday posted a year over year sales increase for the quarter, but the company lowered its full-year profit outlook slightly to reflect a tougher economic backdrop.The home improvement retailer now expects full-year total sales to be $86 billion, up from its previous expectations of $84.5 to $85.5 billion, because of a recent acquisition. However, it said it expects comparable sales, an industry metric that takes out one-time factors, to be flat compared to a year ago compared…
Goldman Sachs sees no end in sight for MP Materials ‘ massive year-to-date rise. The bank initiated coverage of the rare earth mine operator with a buy rating and 12-month price target of $77 per share, implying an upside of 32% from Tuesday’s close. Shares of MP Materials have surged 275% this year. Analyst Brian Lee pointed to MP’s unique position as the largest rare earth producer in the Western Hemisphere, with a particular specialty in producing neodymium-praseodymium oxide, a raw material used to make magnets for electronics. MP YTD mountain MP YTD chart “We believe MP’s downstream expansion into…
Nvidia earnings, the most important report of the quarter, will be out after Wednesday’s close, and AI rockstar CEO Jensen Huang will be on the hot seat to answer tough questions about the spiraling artificial intelligence spending promises and how these tech companies — big and not so big — are going to pay for them all. Club stock Nvidia has gained about 35% year to date, as of Tuesday’s close, trading around $181 each. That’s nearly double their lowest close of 2025 on April 4, just days after President Donald Trump first announced his so-called reciprocal tariffs. There have…
LOS ANGELES — Jeep’s new Recon all-electric SUV will start at $65,000, the American SUV brand announced Tuesday when it officially revealed the vehicle.The 2026 Jeep Recon has been years in the making, as the idea of an electric vehicle inspired by the brand’s iconic off-road Wrangler SUV was first revealed in 2021. It is expected to begin production early next year at a plant in Mexico.The Recon, revealed Tuesday ahead of the Los Angeles Auto Show, includes familiar, boxy Jeep styling as well as removable doors, a spare tire on the rear and open-air roof — all synonymous with…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here.The big storyFrom Nezha 2 to Labubu, it’s been quite a year for Chinese cultural exports. Now, one of the latest titles to hit the $189 billion global gaming market is also from China.More than 2 million people played the martial arts video game “Where Winds Meet” within 24 hours of its overseas release this past weekend on PlayStation and PC, according to the game’s Chinese publisher NetEase. The free-to-play game puts a player…
