SOTS 2nd Hour: A Chip On Your Shoulder, Retail Records, and A Tesla Bear-Turns-Bull 12/2/24

Carl Quintanilla, David Faber, and Sara Eisen talked the latest for stocks as the S&P, Dow, and Nasdaq hit more record highs thanks to strength in big tech names like Netflix and Tesla. Tesla’s gains in part driven by a key upgrade from longtime bear Craig Irwin at Roth MKM, finally taking the name to Buy after years of a Hold rating: the team discussed why now. Intel the other big stock to watch, after CEO Pat Gelsinger announced plans to retire… But is the stock a buy here? Also in focus: bullish luxury demand trends with longtime restaurant & retail investor Ray Washburne; Super Micro shares surge on a new internal probe; and the playbook for broader markets into year-end Squawk on the Street Disclaimer

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CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.