Squawk on the Street
Record Highs and Parabolic Stocks, China Investigates Nvidia, Ad Giants' Megamerger Deal 12/9/24
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Show notes
Carl Quintanilla, Jim Cramer and David Faber explored what to make of Wall Street firms' price target hiking parade, with the S&P 500 and Nasdaq at record highs.
Hear what Jim said about the catalysts driving the parabolic moves in stocks such as Applovin and Palantir. The anchors also discussed China regulators investigating Nvidia
over possible violations of the country's anti-monopoly law. Also in focus: Bytedance vs. the law that would force a sale or ban of TikTok in the U.S., what President-elect Trump
told NBC News, the Omnicom-Interpublic merger deal to create the world's largest ad agency, Apollo and Workday to enter the S&P 500, why Deutsche Bank named Tesla a "Top Pick" for 2025.
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