CNBC's Jim Cramer on Monday weighed in on Elliott Management's stake in Southwest and other notable Wall Street headlines.
Jim Cramer 's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Southwest Airlines : Well-known activist firm Elliott Management has a nearly $2 billion stake in the Texas-based carrier. The stock popped nearly 8%. "Southwest Air is an underperformer for many, many years, but it does have a good balance sheet," Jim Cramer said.
"I'm not so sure they're as high as people think," Cramer said. "But what matters here is that Lisa Su's chips … only really are known for inference, not for training. But people want training and inference." The CNBC Investing Club has long owned Nvidia , the dominant maker of AI chips. Walmart : JPMorgan upgraded the retail giant to a buy-equivalent rating. "About time," he said. "Walmart and Costco have been the two.
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