Wall Street posted mixed results Monday as semiconductor stocks rebounded from last week's sharp sell-off and oil prices eased after Iranian officials signaled willingness to pursue diplomacy despite continued U.S. strikes. Boeing shares fell more than 2% after CEO Kelly Ortberg told CNBC in an interview that the company remains focused on strengthening its balance sheet before launching a new aircraft. The session reflected broader market dynamics as investors raised cash amid fresh concerns about AI competition from Chinese startup Moonshot AI, according to CNBC Investing Club host Jim Cramer.
Intel Reports Thursday Earnings with Focus on CPU and Foundry Operations
Intel reports earnings after the close on Thursday, with investors watching for updates on the company's central processing unit (CPU) business, third-party foundry operations, and advanced packaging initiatives. Jim Cramer said he expects Intel to deliver an "excellent" quarter but cautioned that solid results do not guarantee a positive stock reaction in the current market. Portfolio director Jeff Marks pointed to Taiwan Semiconductor Manufacturing Co.'s recent post-earnings decline as an example of how investors have been selling chip stocks despite upbeat fundamentals. "I don't think that's an unusual expectation" for Intel, Cramer said.
Boeing CEO Prioritizes Balance Sheet Over New Aircraft Launch
Boeing CEO Kelly Ortberg told CNBC in an interview that the company remains focused on strengthening its balance sheet before launching a new aircraft. Portfolio director Jeff Marks said, "I would argue that's the right thing to do." Cramer said the message reinforces management's priority of improving execution and increasing production on its current lineup, rather than rushing to introduce another plane. He added that aerospace remains a "good situation" long term despite near-term headwinds from the conflict in the Middle East, though "I think the war will run its course."
Semiconductor Stocks Rebound Despite Continued Investor Caution
While Chinese startup Moonshot AI has raised fresh concerns about AI competition, Cramer said the recent weakness reflects broader dynamics as investors raise cash rather than a fundamental shift in the AI story. "It doesn't matter what you think; it matters what they think," he said. "They think that, 'I have to get out. I need the money,' and it's an unwind." He added that even investors who remain bullish on the long-term outlook should expect continued volatility. "You can own those stocks, but you have to expect that at some point during the day they might be down."
FAQ
When does Intel report earnings?
Intel reports earnings after the close on Thursday.
What did Boeing's CEO say about launching a new aircraft?
Boeing CEO Kelly Ortberg told CNBC that the company remains focused on strengthening its balance sheet before launching a new aircraft.
Why did semiconductor stocks rebound Monday?
Semiconductor stocks rebounded from last week's sharp sell-off, though analysts cited broader market dynamics as investors raised cash amid concerns about AI competition from Chinese startup Moonshot AI.
