Squawk on the Street Oracle Slides, Morgan Stanley's Jonas Ups Tesla PT to $400, Google's "Quantum" Leap 12/10/24
Dec 10, 2024
Financial reactions are heating up as Oracle's shares take a tumble after disappointing results. Meanwhile, Tesla's stock gets a boost from an analyst's price target hike to $400. Google's groundbreaking progress in quantum computing steals the spotlight, alongside fascinating advancements in AI with OpenAI's new video generation model. Boeing resumes 737 MAX production, and Alaska Airlines is on the rise. The potential of a tech hub is emerging in Salt Lake City, aiming to rival Silicon Valley.
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Oracle Stock Advice
- Buy Oracle after the recent drop, as it ran up too much.
- The analysts congratulated Oracle, and Jim Cramer likes the call.
Market Sell-Off Insight
- All Russell 1000 stocks up 100% YTD were down an average of 5%.
- This might indicate a targeted sell-off of high-performing stocks.
Google's Quantum Leap
- Google claims its quantum computer performed a calculation in minutes that a supercomputer couldn't in 10 septillion years.
- The practical use cases for such computing power remain unclear.