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Financial commentator Jim Cramer is encouraging investors to look past steep year-to-date gains in memory chip makers, arguing that structural demand from AI data centers is breaking the semiconductor industry's historic boom-and-bust cycle.
The Bill and Melinda Gates Foundation Trust acquired roughly $180 million in FedEx Freight shares shortly after the logistics operator completed its corporate separation from FedEx Corporation.
A summer decline in artificial intelligence infrastructure stocks was driven primarily by forced liquidations rather than weakening business performance. Key players including Nvidia, CoreWeave, and Nebius have shown signs of rebound as underlying hardware valuations and corporate earnings remain resilient.
Despite delivering record quarterly results and exceeding revenue forecasts, Cisco Systems saw its stock drop 9% on Thursday as analysts warned of potential growth deceleration in future fiscal years.
