My top 10 things to watch Wednesday, Nov. 12 1. Has Advanced Micro Devices rescued the market from CoreWeave’s clutches following the AI infrastructure provider’s disappointing guidance Monday? CEO Lisa Su yesterday predicted that revenue growth will increase by 35% each year over the next three to five years. She cited also “insatiable” demand for the firm’s AI chips and forecasted that the market for AI data center parts will reach $1 trillion per year in 2030. Shares rose more than 6.5% this morning. Su was on CNBC’s “Squawk Box” with her positive message. 2. CoreWeave shares bounced 3% this morning after tanking more than 16% yesterday on its quarterly release. Wells Fargo cut its price target on the stock to $150 from $170 but kept its buy rating. The analysts think CoreWeave’s business model of renting Nvidia chips to run AI is still sound. Time to take profits on this one, which at one point was a triple. The stock has still more than doubled since its initial public offering in March. 3. The AMD-inspired tech advance was pushing Nasdaq futures higher ahead of the open. S & P and Dow futures were also up. This follows a mixed session on Wall Street where investors rotated out of megacap tech and into health care, energy, and consumer staples. It’s been a year of magical investing, as I have been calling it, in highly speculative parts of the market like nuclear and quantum. At noon ET tomorrow, I’ll talk about how it ends at our November Monthly Meeting for Club members. 4. When we say the end of the year of magical investing, consider this note from Bank of America. Analysts lowered their Oklo price target to $111 from $117. The nuclear company last night reported a wider-than-expected quarterly loss. That’s what will no longer be tolerated by this market. The stock has gained nearly 400% this year. You must take profits in this kind of company now. 5. Quantum computer company Rigetti saw its price target lowered to $40 from $50 by Benchmark. The analysts remain constructive on the stock but volatility tempers their enthusiasm. Lots of quarterly losses here without much revenue, which fell short estimates. This is a year-of-magical-investing sell. 6. Susquehanna lowered its Boeing price target to $255 from $277, but maintained a buy rating. Analysts are upbeat on the progress of the production ramp of Boeing’s commercial airplanes. The stock was up slightly this morning but down more than 7% over the past month. I think the bottom for this Club stock has been reached. I’ll talk about the aircraft maker more during the Monthly Meeting. 7. Palo Alto Networks received a price target hike at Jefferies to $250 from $235. Analysts like the cybersecurity company’s subscription business due to strength in its latest remaining performance obligation bookings. Jefferies sees Palo Alto hitting estimates for its fiscal 2026 first-quarter sales but does not expect a huge increase in management’s 2025 outlook. The Club name reports earnings next week. 8. Circle Internet shares fell nearly 4% this morning after the stablecoin issuer crushed earnings expectations for the third quarter, but raised its forecast for annual adjusted operating expenses. Circle’s revenue and reserve income jumped 76% from a year earlier to $739.8 million, well above analysts’ estimates of $700.5 million. 9. Citi increased its Lam Research price target to $190 from $175. The analysts raised their earnings estimates for the semiconductor equipment maker due to all the AI investments being thrown around. This is a strong call as business is very good here. The stock has had a great run since reporting a solid quarter last month. 10. Will today be the day that Eli Lilly shares crack $1,000? They were a whisper away at yesterday’s session highs before closing at $988. Citi said there is domination, and the stock should be bought. We agree. The analysts raised their price target on the Club stock to $1,500 from $1,250, estimating peak annual sales for Lilly’s weight loss drugs at $40 billion. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Jim Cramer’s top 10 things to watch in the stock market Wednesday
Nov 12, 2025
