idea that AI will not replace jobs is being put to the test today. First, CHEG announcing it will lay off 45% of its workforce, blaming the quote new realities of AI. We should note CHEG is a very small market cap company these days.Then there's the biggie, Amazon. The company announcing it's slashing approximately 14,000 jobs. And while they don't chalk it up explicitly to artificial intelligence, they do emphasize changes from AI and its commitment to invest in the technology.So for more, let's bring in M ...

Hey Morgan, Robin Hood shares are moving higher in after hours trading, up more than 4% after beating Wall Street expectations for the second quarter. The company posted earnings of 42 cents a share, above the 31 cents that analysts expected and revenue of 989 million versus the $98 million estimate. Revenue jumping 45% from a year ago, while net income more than doubled to 386 million.Funded accounts climbed to 26.5% million and total platform assets nearly doubled to 279 billion, up 99% year-over-year. Th ...

Investment Guidance - CNBC offers Jim Cramer's investment guidance to navigate Wall Street opportunities and pitfalls, aiming to help viewers make money [1] Content Subscription - CNBC encourages viewers to subscribe to CNBC PRO for live and exclusive video content [1] - CNBC promotes subscriptions to CNBC TV and CNBC for general business news and analysis [1] - CNBC promotes CNBC+ for on-the-go access to CNBC content [1] News and Analysis - CNBC provides the latest stock market news and analysis, including market futures and live price updates [1] - CNBC positions itself as a leader in business news worldwide [1] Online Engagement - CNBC directs viewers to its website for the latest news [1] - CNBC encourages viewers to follow CNBC News on various social media platforms, including LinkedIn, Instagram, Facebook, Threads, X (formerly Twitter), and WhatsApp [1]

Market Trends & Investment Opportunities - Nvidia acquired a 2.9% stake in Nokia, representing 166 million shares at $61 per share, to collaborate on AI native mobile networks and AI network infrastructure [1] - Nokia's stock surged 23% in one day, from $6.42 to $7.77, reaching as high as $8.19 [2] - The US government signed a deal with Westinghouse, jointly owned by Brookfield Renewable Partners and Cameco, to construct $80 billion worth of new nuclear reactors [4][5] - Cameco's stock jumped 23% in one session due to its profitable uranium production [5] - Jensen Wong announced a collaboration with Crowdstrike to make cyber security AI agents, leading to a quick 10-point increase in Crowdstrike's stock [6] - Skyworks and Corvo decided to merge, causing both stocks to soar [7] - The Commerce Department may take a stake in quantum stocks, similar to the Chips Act and Intel [9] Company & Industry Specifics - The report highlights the potential of "vampire plants," referring to reopened decommissioned nuclear power plants [4] - The speaker acknowledges concerns about a potential market crash similar to 1999-2000 but notes the current market's ability to generate significant profits [10]

Investment Recommendations & Analysis - The analyst acknowledges a viewer's diversified portfolio with 83 individual positions [1][2] - The analyst discusses Pfizer, noting its 7% yield and acquisition of CGEN, but acknowledges the struggles of drug stocks [3] - The analyst expresses continued belief in Jeff Martz's ability to lead a company, even after a bad quarter [4] - The analyst questions the viability of Plug Power, given its negative year-over-year revenue growth and continued losses [5][6] - The analyst suggests Dow Inc is performing well, particularly highlighting Jim Fiddling's contribution to a good quarter [7] - The analyst recommends Solstice, a recent spin-off, anticipating a positive market debut [7] Market Commentary & Events - The segment is called "Lightning Round" and is sponsored by Charles Schwab [1][8] - The analyst encourages viewers to follow Jim Kramer on X (formerly Twitter) and provides contact information for questions [8][9]

Company Performance & Strategy - Celestica's stock has more than tripled year-to-date, with a 253% increase as of this week [1][2] - The company posted a sizable top and bottom-line beat with a terrific forecast for 2026 [2] - Celestica made a decision to move away from commodity markets and get more into design and manufacturing [4] - Over 40% of Celestica's business involves designing and manufacturing its own equipment for hyperscalers or digital natives [7] - Celestica's ATS segment accounts for approximately 25% of its revenue [14] - Celestica expects margins in the ATS business to increase by about 70 basis points year-over-year by the end of the year [15] Data Center & Technology Focus - Celestica benefits from the data center boom by manufacturing hardware for server warehouses [2] - Celestica manufactures high-speed networking, AI/ML compute, and storage systems at both the component and systems level for data centers [6] - Celestica is a preferred provider for Broadcom, utilizing their silicon in many of its designs [9] - Celestica is experimenting with co-packaged optics (CPO) for 1.6 terabyte applications, aiming to reduce power consumption in future technologies [12] Market Outlook - AI is now considered a utility and a must-have, driving the need for infrastructure that Celestica builds [17]

Business Segments & Performance - ATS (Automation Test Systems) segment, while currently slower, is considered a valuable business, representing approximately 25% of the company's revenue [1] - The company operates in four key sectors: aerospace and defense, semiconductor capital equipment, health tech, and industrial [2] - Focus is on improving margins through engineering engagements, with an expected year-over-year margin increase of around 70 basis points (0.7%) by year-end [2] Industry Trends & Outlook - AI is transitioning from a "nice-to-have" to a "must-have" utility, driving demand for infrastructure [4] - The company positions itself as building the infrastructure to enable AI adoption [4] - The current market environment is viewed as a significant moment, with companies building the future expected to reap substantial profits [3]

Company Performance & Market Position - Amazon's stock had only rallied 295% since July 6, 2021, underperforming the S&P 500, which doubled that performance [1] - The author acknowledges being wrong about Amazon for the past four years [2] - The author believes Amazon stock will eventually catch up with his judgment [4] Strategic Outlook & Long-Term Investment - The author's charitable trust takes a long-term view, longer than Andy Jasse's tenure as CEO [2] - The author emphasizes the importance of sticking with stocks of companies whose services are valuable, reliable, and trustworthy [3] - The author doesn't care that the stock is only up about 30% since Jesse became CEO, maintaining a long-term belief in Amazon [4] CEO & Leadership Transition - Andy Jasse took over as CEO after running Amazon Web Services [2] - The author's investment timeframe is longer than Jasse's tenure [3]

Financial Performance - Visa's fiscal 4Q results exceeded Wall Street estimates for both EPS and revenue by approximately 1% each [2] - Visa projects low double-digit revenue growth for the full fiscal year 2026, surpassing expectations of high single-digit growth [2] Spending Trends - US spending growth remained steady at around 7% year-over-year [2] - Visa CEO indicated healthy consumer spending [3] Strategic Initiatives - Visa is investing in future growth areas, including providing payment services to the AI industry and tech giants [3] - Visa's diverse business model is fueling solid growth across key metrics [3]

Um, for more on tomorrow's Fed decision, let's bring in Evan Brown of UBS. He is the head of multi-asset strategy. Evan, great to see you again.Um, what do you make of where we are in the markets right now given the backdrop we just laid out. >> Yeah, I mean, I think it's uh it first of all, it's a strange economy right now. We're talking about that that GDP is is uh quite strong with the labor market is is soft and we're waiting to see how that will will evolve.But the soft labor market is what's getting t ...