AMD, Alphabet And An Oil Fund Feature On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Karen Firestone of Aureus Asset Management said digital advertising business of Alphabet Inc. (NASDAQ: GOOGL) is going to start picking up.

"It’s a name that we like a lot," she added.

Third Point and Pershing Square recently disclosed a stake in Alphabet.

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Stephen Weiss of Short Hills Capital Partners said United States Oil Fund, LP (NYSE: USO) is seeing momentum.

U.S. crude oil inventories increased by 5.04 million barrels in the week ending May 12, 2023, recording the biggest weekly rise in 12 weeks, the EIA said Wednesday.

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Joseph Terranova of Virtus Investment Partners named Advanced Micro Devices, Inc. (NASDAQ: AMD) as his final trade.

Third Point recently took a stake in AMD, per a 13F filing. Additionally, Bernstein said PC shipments appear to be normalizing at pre-COVID levels.

Price Action: AMD shares gained 2.2% to settle at $103.75, while Alphabet shares gained 1.1% to close at $120.84 on Wednesday.
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