The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. U.S. stocks were mixed Wednesday following Tuesday's record high close for the S & P 500 on a rebound in the artificial intelligence momentum trade. One day later, tech was the only sector in the red. While a rise in bond yields was not helping, the move was not surprising given the recent uptick in inflation data.
Bank of America increased its Nvidia price target to $1,100 per share from $925 ahead of the AI chip powerhouse's annual GTC developers conference. Among the reasons for the hike, the BofA analysts cited Nvida's strong pipeline and the stock's "still compelling" valuation. Trading in Nvidia has been choppy recently in the lead-up to GTC. Shares were down nearly 3% on Wednesday.
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