Jim Cramer looks at what's behind Palantir's stock surge
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Yahoo
an hour ago
- Yahoo
eBay Inc. (EBAY)'s Algorithims Are Working, Says Jim Cramer
We recently published . eBay Inc. (NASDAQ:EBAY) is one of the stocks Jim Cramer recently discussed. eBay Inc. (NASDAQ:EBAY) is an eCommerce retailer whose shares have gained 47% year-to-date. Most of these gains are due to an 18.3% jump in July after the firm's second-quarter earnings report. The results saw eBay Inc. (NASDAQ:EBAY) beat analyst second-quarter revenue and EPS estimates of $2.64 billion and $1.30 by posting $2.73 billion and $1.30, respectively. The firm's third quarter revenue guidance of $2.69 billion and $2.74 billion also overshot analyst estimates of $2.66 billion. Here's what Cramer believes about eBay Inc. (NASDAQ:EBAY)'s strong performance: 'Now one David, that I know that you will remember from the old days that really is putting on a good show, would be eBay. They've got their mojo back. It's up 15%, they had very good numbers, and I salute them. They hung in and now their model is working. They've got the algos working so to speak. And a lot of people upgraded it. That's to me, better focus, better focus.' Copyright: rawpixel / 123RF Stock Photo Earlier, Cramer discussed eBay Inc. (NASDAQ:EBAY)'s marketplace and shifting sentiment: 'There's no real theme to the other stocks on the list… eBay's a real shocker. It's come a long way to get back on this list. Now, I've watched this stock get carved up for ages, but now it looks like eBay has stopped being a whipping boy, and people are feeling comfortable buying merchandise second-hand. Has a partnership with Facebook's Marketplace, which has spurred real growth for the company. I like that, by the way, that marketplace section.' While we acknowledge the potential of EBAY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Miami Herald
2 hours ago
- Miami Herald
Nvidia tops list of veteran analyst's best stocks for rest of 2025
Wall Street's still bullish on AI, and Wedbush just named its five must-watch tech stocks to scoop up for the rest of 2025. Nvidia's (NVDA) was perhaps a no-brainer, with its mission-critical role as the engine behind nearly every noteworthy AI deployment. Don't miss the move: Subscribe to TheStreet's free daily newsletter But the other four? They spread their tentacles across multiple sectors and strategies, each offering something unique in what Wedbush calls the "golden age of tech." The common thread: They're all tied to the fast-evolving real-world scaling of AI. Image source: Chesnot/Getty Images Nvidia's the ultimate juggernaut in the AI realm, with a chokehold on the AI accelerator space and a pace of innovation that's second to none. Today, Nvidia controls north of 90% of the global AI accelerator market, led by the explosive demand for its H100 and H20 GPUs. Even with the escalating tensions between the U.S. and China, Nvidia managed to maintain export licenses, enabling it to cater to its Chinese clients. Related: Jim Cramer drops jaw-dropping price target on Palantir stock post-earnings Also, earlier this year, Nvidia crossed a $4 trillion market cap, a rare feat that's indicative of its critical role in every major cloud provider's AI strategy. Whether it's Amazon, Microsoft (MSFT) , or Google, they're all running Nvidia chips, for both model training and high-throughput inferencing. But hardware is just part of the story. Nvidia's real moat is arguably its robust software stack. CUDA, launched over a decade ago, has become the backbone for the bulk of AI development today. Add in cuDNN, TensorRT, and other optimized libraries, and the result is impeccable speed and developer efficiency. Its powerful new Blackwell architecture, successor to Hopper, adds next-level performance-per-watt, setting the stage for swifter large-language-model training with specialized tensor cores. Also, at the COMPUTEX event this year, CEO Jensen Huang doubled down. Nvidia will be involved in building a massive $500 billion worth of AI infrastructure in the U.S. over four years, while expanding its sovereign-cloud partnerships across Europe and the Middle East. Tech heavyweights are just a huge vote of confidence from the veteran analyst team at Wedbush. In a new note, popular tech analyst Daniel Ives and his team doubled down on their top five picks for the second half of 2025. These included Nvidia, Meta Platforms (META) , Microsoft, Palantir Technologies (PLTR) , and Tesla (TSLA) . The first four in particular, though, "paint a bullish story for the AI revolution." Related: Cathie Wood splurges $4.1 million on popular AI stock "The Street is still underestimating the AI-driven growth wave coming," Wedbush said, pointing to healthier Q2 earnings that effectively "validated" the bull case across the board. Palantir in particular killed it with a "blowout quarter," cementing its place as the "poster child" for AI's next phase. Wedbush believes the AI market is still in its early stages, and the firm is tracking $2 trillion in enterprise and government AI spending over the next three years. "We've barely scratched the surface of this fourth industrial revolution," Ives wrote, adding that tech leaders like Nvidia, Microsoft, Palantir, Meta, and Alphabet are setting new benchmarks. More News: Warren Buffett's stock sends louder signals than Berkshire's earnings beatVeteran analyst spots unexpected star in Apple's earnings reportNvidia avoids White House crackdown; Trump softens on AI giant Additionally, he talked about the strength in the broader software sector as the next big wave. As more companies move from AI experimentation to full-scale adoption, Wedbush sees the incredible momentum accelerating into year-end. Big tech's AI leaders stay hot, with one notable exception Nvidia is arguably the undisputed king in the AI momentum trade. The chipmaker is still climbing, up more than 31.72% year-to-date and a whopping 55.8% over the past three months alone. Investor optimism is centered around robust data-center demand and easing tensions between the U.S. and China. What's most surprising is that even with export-license delays and geopolitical pressure, institutions continue to pour into the AI behemoth. Meta Platforms isn't far behind. A strong Q2 showing triggered an 11% post-earnings jump, with revenue growth coming in at an impressive 22%. CEO Mark Zuckerberg's AI-led ad upgrades and ramp-up in AI hardware hiring have helped push the stock to roughly 31% higher YTD, and 30.43% over three months. Reality Labs continues to bleed cash, but the core business looks stronger than ever. Microsoft, now a $4 trillion club member, leans on its cloud giant Azure's mid-30% year-over-year growth and a deepening OpenAI partnership. Also, with Windows 10 support ending in October, a PC upgrade cycle looms. Also, a massive $80 billion AI infrastructure spend planned for 2025 could supercharge its lead. Consequently, the stock is up more than 25% YTD and 21% in three months. Palantir is perhaps the dark horse. It recently posted powerful Q2 results, where revenue surged 48% YOY to over $1 billion, and retail enthusiasm hasn't cooled off, either. Shares are up a staggering 128% YTD, including 58.45% over the past three months. EV giant Tesla, meanwhile, is the clear laggard, down 22.37% YTD, despite a short-term 20.5% bump in recent months. European EV sales have cratered, and CEO Elon Musk's political presence continues to stir the pot. Related: Morgan Stanley slaps eye-popping price target on Nvidia stock The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
CNBC
3 hours ago
- CNBC
DraftKings CEO says gambling tax provision in Trump's megabill 'doesn't make sense'
In a Wednesday interview with CNBC's Jim Cramer, DraftKings CEO Jason Robins questioned a new tax provision related to gambling in President Donald Trump's megabill, calling it a "very strange change." "I do think it's something that doesn't makes sense," he said. "If you can't deduct all your losses, you know, how does that make sense that you pay income tax on something that's not actually income." Preciously, gamblers could deduct all their losses from their winnings so that they are only paying taxes on net winnings. But the new rule makes it so that gamblers can only deduct 90% of their losses from their winnings. For example, if someone wins $1,000 but also loses $1,000, they would only be able to deduct $900 and would have to pay taxes on $100 of winnings. Robins said he believes the change was made as part of a "technicality" to follow the Byrd rule, which bans "extraneous" matters — usually anything unrelated to federal revenue or spending — in the budget reconciliation process. He said there has been some "appetite" to change the new provision, adding that DraftKings is working with members of Congress to do so. DraftKings posted a strong quarter Wednesday after close, and shares jumped more than 3% in extended trading. The sports betting company said this quarter set revenue, net income and EBITDA records, with management attributing the success to "continued healthy customer engagement, efficient acquisition of new customers, higher structural Sportsbook hold percentage, and sportsbook-friendly outcomes." Robins offered a sanguine outlook on widespread legalization of sports betting, saying he thinks progress has been made across the board. He suggested the practice will eventually be allowed in most states, including large markets like California and Texas. Online sports betting is currently legal in 34 states, according to the latest information on the American Gaming Association website. "I can't imagine a world where you can, you know, bet in 30, 40 plus states, and California is not one of them, and Texas is not one of them," Robins said. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
