My top 10 things to watch Tuesday, Dec. 2 1. Stocks were headed for a higher open this morning, supported by tech and AI-linked names. Club holdings Broadcom and Nvidia were both up. Investors are also looking ahead to next week’s Fed meeting, with the market pricing in 87% odds of a 25-basis-point interest rate cut, according to the CME FedWatch tool. It would be the third rate cut this year. 2. OpenAI CEO Sam Altman issued a “code red” to improve ChatGPT, according to an internal memo viewed by The Wall Street Journal . Other products will be delayed. The memo came after Google’s Gemini 3 launched last month to wide praise and questions about whether it can take share from ChatGPT. This is an existential challenge because if OpenAI were to get passed by Gemini 3, I don’t know how it can regain the lead. Everything for OpenAI hinges on its lead. 3. Michael Dell, founder and CEO of Dell Technologies , has committed $6.25 billion to President Donald Trump’s new accounts for babies. The contribution will go towards the federal program that allows parents to open tax-advantaged investment accounts for American children. 4. Apple announced yesterday that AI head John Giannandrea will step down . Giannandrea held the role since joining in 2018 and will serve as an advisor until retiring next spring. He will be replaced by Amar Subramanya, an AI researcher who has worked for Microsoft and Alphabet ‘s Google. Apple and Microsoft are both Club names. 5. Teradyne shares rose 3.5% this morning after a Stifel upgrade to buy from hold and a price target boost to $225 from $162. The analysts cited opportunities for the company’s hardware used to test custom chips, which Broadcom helps design, and GPUs, which Nvidia leads in. Synopsys , a leader in software chip testing, got a $2 billion investment from Nvidia yesterday, in a deal to expand “digital twin” testing across industrial companies. 6. Wells Fargo raised its price target on Club name Amazon to $295 from $292, and maintained a buy rating on shares. Analysts say if cloud supply constraints continue, Amazon will double its AWS capacity by 2027, which should drive multi-quarter revenue acceleration. Amazon Web Services CEO Matt Garman will be on “Mad Money” tonight after giving this morning’s keynote address at the AWS Re:Invent 2025 conference in Las Vegas. 7. With all of the pharma companies being re-valued, Goldman Sachs takes its price target on Club holding Bristol Myers to $57 from $51. Analysts, who kept a hold rating on the stock, say higher-than-expected revenue growth from Bristol’s portfolio, including schizophrenia drug Cobenfy, could create upside to estimates. Goldman also hiked its price target on peer Merck to $120 from $92. 8. MongoDB is seeing a resurgence as a code writer platform. The company reported a huge quarterly beat and full-year guidance raise last night. The stock surged more than 20% this morning. In enterprise software, we own Salesforce , which was not getting much of a bump ahead of what could be a problematic quarter. Salesforce reports earnings tomorrow night. 9. Citi raised its price targets on computer memory stocks Seagate to $320 from $275 and Western Digital to $200 from $180. The analysts cited a supply and demand imbalance. This is a leapfrog game as one after another keeps getting boosted because of a lack of supply with demand being so strong. Just waiting for capital equipment to kick in. 10. KeyBanc raised its price target on semiconductor equipment maker Applied Materials to $285 from $240. The group, which also includes Lam Research , is akin to Seagate and Western Digital in terms of shortages and the need for more supply. Morgan Stanley raised its PTs on Applied Materials and Lam Research, too. 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.
