Mad Money w/ Jim Cramer cover image

Mad Money w/ Jim Cramer

Mad Money w/ Jim Cramer 10/16/24

Oct 16, 2024
Brian Jordan, Chairman and CEO of First Horizon, discusses the impressive quarterly performance and stock surge of the bank. He provides insights into the changing competitive landscape influenced by Federal Reserve policies, particularly regarding deposit growth. The conversation also touches on demographic shifts as high-net-worth individuals migrate to emerging markets like Tennessee. Additionally, the resilience of banks amidst interest rate changes is highlighted, showcasing strategic confidence in a challenging financial environment.
44:24

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • ASML's disappointing forecast has adversely impacted the semiconductor sector, prompting investor pessimism despite ongoing demand for AI-related chips.
  • NVIDIA's stable position and visionary outlook in the AI chip market highlight its potential resilience against market volatility and subsequent stock downturns.

Deep dives

The Impact of ASML's Forecast on Semiconductor Stocks

ASML's recent disappointing forecast has sent shockwaves through the semiconductor industry, leading to significant declines in stock prices across the sector. Investors often react strongly to company guidance, and ASML's unexpected miss contributed to a broad sell-off, casting a shadow on semiconductor-related stocks, including those tied to artificial intelligence. Despite ASML's assurances of ongoing orders for AI chips, market sentiment shifted rapidly towards pessimism, prompting many to speculate about the end of the semiconductor bull market. This drastic reaction highlights the volatile nature of market movements, driven by single company news even amidst otherwise positive industry fundamentals.

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