Why we're brushing off Wall Street's concerns about Advanced Micro Devices

Category: Finance

The CNBC Investing Club with Jim Cramer recapped key moments from Monday's Morning Meeting, highlighting a 1.3% rise in the S&P 500, driven by Nvidia's 3% gain. The club trimmed its Estee Lauder position due to a lack of positive catalysts. President Biden's withdrawal from the 2024 race and endorsement of Kamala Harris was noted, with Cramer praising her tech-friendly stance. Meta Platforms and Alphabet saw gains, while Citigroup reported improved sentiment for Broadcom. Concerns over Advanced Micro Devices were discussed, but the club disagrees with the bearish outlook.

Keywords: CNBC Investing Club, Jim Cramer, Stock Market

Source: CNBC

Update At: 7/31/2024

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