The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. The S & P 500 rose 1.3% Monday, rebounding from its worst weekly performance since April. Club holding Nvidia pushed the benchmark gauge higher as shares jumped 3%, clawing back gains from last week's 8% pullback. The market remains in overbought territory.
Citigroup said investor sentiment for Broadcom is catching up to peer Nvidia on more artificial intelligence customers and its acquisition of VMware. We're glad to see Broadcom getting the recognition it deserves. Meanwhile, the Wall Street analysts argued that hedge funds have become more bearish on fellow portfolio name Advanced Micro Devices . This is because of fears to a cut in management's sales outlook for MI300, the company's crucial AI accelerators chips.
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