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We’re upgrading shares of a big beneficiary of AI spending going through the roof

We’re upgrading shares of a big beneficiary of AI spending going through the roof

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were rebounding Friday. After a terrible week, technology was leading Friday’s market higher — even as Amazon , technically in the consumer discretionary bucket, pulls…

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Nvidia rises 7% as CEO says 0 billion capex buildout is sustainable

Nvidia rises 7% as CEO says $660 billion capex buildout is sustainable

The tech industry’s surging capital expenditures for AI infrastructure is justified, appropriate and sustainable, Nvidia CEO Jensen Huang said Friday on CNBC’s “Halftime Report.” “The reason for that is because all of these companies’ cash flows are going to start rising,” Huang said. Nvidia shares were up 7% during trading on Friday. Huang’s comments come…

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