Squawk on the Street
Tesla "AI Mojo" Upgrade, Qualcomm-Apple Chip Deal, A Busy Market Week 9/11/23
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Show notes
Carl Quintanilla,Jim Cramer and David Faber reacted to market-moving news out of the tech sector: Tesla was named a "top pick" by
Morgan Stanley analyst Adam Jonas, who upgraded the stock to "Overweight" and hiked his price target to $400 from $250.
Jonas said he believed Tesla's "Dojo" supercomputer will unlock the company's "AI mojo." Qualcomm shares jumped on
news of its deal to supply Apple with 5G chips until 2026. In San Francisco, Cramer discussed what he's expecting from
Salesforce's "Dreamforce" conference beginning Tuesday. The anchors also explored what will be a busy week of developments for
the markets to digest -- including key inflation data, Apple's expected iPhone 15 launch and a potential UAW strike against Detroit automakers.
The NYSE and Nasdaq each observed a moment of silence, honoring the victims of 9/11 on the 22nd anniversary of the terror attacks
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