GoKawiil
Tech News
During the CNBC Investing Club's September meeting, Jim Cramer and Jeff Marks reviewed all 33 portfolio holdings and highlighted six favorite stocks to buy as the club becomes more selective on AI-related exposure. The picks include Kimberly Clark, Bank of New York, Intel, Micron and Meta, with commentary also touching on lessons from the club's recent Corning exit.
Brian Kelly, who previously ran a cryptocurrency hedge fund, has launched a new trading firm called Bracket22 that operates entirely through agentic AI rather than human staff. He told CNBC that his prior operation cost roughly $5 million annually in payroll, benefits and office expenses for seven or eight employees, while Bracket22 now runs on just $30,000 to $40,000 a year covering all AI agents and computing needs.
Personal finance personality Suze Orman, who is worth tens of millions of dollars, says she still refuses to buy coffee out and brews her own Cafe Bustelo daily. She argues that redirecting the roughly $100 a month people spend on coffee into a Roth IRA could grow to about $1 million over 40 years, and she extends the same frugality to eating out, preferring home-cooked meals with her wife.
Snap plans to release its Specs smart glasses on September 16 priced at $2,195, a project CEO Evan Spiegel has championed for years. His public appearances promoting the device, including wearing them throughout a CNBC interview, drew mocking reactions online over their appearance and cost.
Pennsylvania Gov. Josh Shapiro told CNBC that many AI data center developers disregard the concerns of communities where they build, contrasting them with companies like Chobani that engage locally. His remarks followed an August executive order imposing strict new requirements on data center projects and removing them from a fast-track approval process.