Cramer's Picks: Chip Rebounds, Google‑SpaceX Deal
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- S&P 500 and Nasdaq are headed for higher opens as chipmakers rebound, with Nvidia up nearly 2.5% and Broadcom up 3.3% after Friday's selloff.
- Cerebras Systems received buy ratings from Wall Street analysts; its shares, which more than doubled after its May 14 debut, are now about 15% above the $185 offering price.
- Blackstone Digital Infrastructure Trust opened on May 14 and stays near its $20 offering price, earning a mix of buy and hold ratings from analysts.
- Google agreed to pay SpaceX $920 million per month for Nvidia‑chip‑enabled rockets to secure “bridge capacity” for Gemini Enterprise demand.
- Oracle price target was raised by Oppenheimer to $275 from $235, with analysts expecting a positive earnings report Wednesday.
Why it matters: Investors in chip and AI‑related stocks gain from the rebound and new deals, while analysts’ upgrades boost confidence that firms like Oracle will beat earnings expectations.
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