GameStop rallies on Roaring Kitty position, chipmakers in focus: Yahoo Finance

The first trading day of the month has arrived on Wall Street (^DJI, ^IXIC, ^GSPC). Semiconductor stocks are in focus after industry giants Nvidia (NVDA) and AMD (AMD) unveil new AI-powered chips. Investors eagerly await the ISM Manufacturing PMI release, seeking insights into the state of the economy and the battle against inflation. OPEC+ has announced an extension of production cuts until 2025. Meanwhile, GameStop (GME) shares are rallying after meme trade influencer, Roaring Kitty, revealed a staggering $116 million position in the company on the platform X, formerly known as Twitter. Yahoo Finance trending tickers include Paramount Global (PARA, PARAA), GSK (GSK), and Ford (F).

Key guests include:
9:15 a.m. ET Beth Kindig, I/O Fund Lead Tech Analyst
9:40 a.m. ET Yung-Yu Ma, BMO Wealth Management U.S. Chief Investment Officer
9:50 a.m. ET Tom Narayan, RBC Capital Markets Global Autos Analyst
10:10 a.m. ET Bob McNally, Founder & President Rapidan Energy
10:30 a.m. ET Anthony Capuano, Marriott CEO