First On CNBC -- On The Fly -- May 28, 2024

Locator: 47968INV.

Nvidia (NVDA) is massive, link here. NVDA is up 30% this month. Growth at ~ 260% y/y; share price up ~ 150%; multiple dropping y/y. Analyst on CNBC suggests AVGO: much more diversified; deep into AI.

Carl Q at 8:48 a.m. CDT: biggest drag on the Dow right now .... INTC. That was a reply to Cramer's mumbling about the huge mistake INTC made [a while back ... a few years in the making ... discussed at length in the blog over the past year or so....). 

• Dow 30 components and ticker prices. INTC now in the green; no longer a drag on the DOW today. After a drop at the open, INTC is now in the green (9:01 a.m. CDT.

For the archives: wow, wow, wow -- we had a huge thunderstorm during the night. Began around midnight, peaked about 4:00 a.m., continues, and will have another major storm cell later this morning.

CNBC, first hour with Cramer:

At the open:

• equity markets:
• Dow: -120
  
• S&P 500: +7
  
• NASDAQ: +70
  
• oil: $79.24
• oil
  
• ONEOK: up 0.8%; up 65 cents; trading at $81.50
  
• CHRD: up $1.33.
  
• CVX: up 69 cents;
  
• tech:
• NVDA: up $44; up 4%; trading at $1,108;
  
• AMD: up $1.90; up 1%; trading at $168;
  
• AVGO: up $6; up 0.4%; trading at $1,413;
  
• QCOM: up $3; up 1.5%; trading at $213;
  
• TSM: down 0.7% down $1.13; trading at $159;
  
• in its own class:
• AAPL: up 1%; up $2.00; trading at $192;
• AAPL dropping a big in later trading (9:01 a.m. CDT) --AAPL may not be able to hold its opening jump in price.
  

First story:

• xAI: one-million-square-foot AI center in Tennessee

• worldwide:

• US:

Carl Q and Cramer almost giddy about the AI - tech rally

Fed rates: discontinue the timeline, for heaven's sake -- finally, they're reading the blog, LOL.

Disclaimer Briefly 

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

See disclaimer. This is not an investment site.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.  

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.