Squawk on the Street
Final Trading Day of February, Target Beats, Meta Revs Up For AI Race 2/28/23
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Show notes
On the last trading day of February, Carl Quintanilla, Jim Cramer and David Faber explored what's ahead for stocks,
with the major indices on track for their second negative month in three. Cramer highlighted "market distortions"
worthy of your attention. The anchors also discussed Target's quarterly beat, cautious guidance and CEO Brian
Cornell's comments to CNBC about "stubborn" inflation. On the AI front: BofA is out with its list of top AI picks --
and Mark Zuckerberg announced Meta is forming a new product group focusing on generative AI.
Goldman Sachs CEO David Solomon told CNBC that anyone who runs a business should prepare for a "bumpy 12 to 24 months."
Also in focus: Earnings winners and losers including Zoom, Workday and Norwegian Cruise.
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