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

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The first trading day of the month of June has arrived on Wall Street (^DJI, ^IXIC, ^GSPC). Semiconductor stocks are in focus after industry giants Nvidia (NVDA) and Advanced Micro Devices (AMD) unveil new AI-powered chips. Investors eagerly await the ISM's 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 Twitter). The legitimacy of these holdings has yet to be verified. 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 US 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 of Rapidan Energy
10:30 a.m. ET - Anthony Capuano, Marriott CEO

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