Oil markets will be a focus early Wednesday, with CNBC’s ‘Morning Call’ starting at 5 a.m. hosted by Morgan Brennan. Jim Cramer noted on ‘Mad Money’ that high oil prices act like a tax on the economy. Coverage will also examine Venezuela’s output prospects. The Fidelity MSCI Energy Index ETF (FENY) reached a fresh high on Tuesday, up roughly 9% over the past month. Chevron gained 2.4% amid renewed U.S.–Iran tensions, though it remains 1.7% below its March 30 high. ExxonMobil is down 6.7% from that March peak but rose more than 2% intraday. Phillips 66 posted a new high, up about 19% in the last month.
In Utah, CNBC’s Pippa Stevens will report on the first major American Enhanced Geothermal Project, highlighting Fervo Energy’s recent agreement with Alphabet to bring its grid‑connected geothermal facility online as demand for emissions‑free power grows. Fervo’s shares jumped nearly 30% on the news, valuing the stock near $20; the firm went public in May, surged on its debut, but is now 53% below its all‑time high.
Palo Alto Networks beat earnings estimates on Tuesday; CEO Nikesh Arora told Cramer on ‘Mad Money’ that the ‘mythos moment’ is fueling cybersecurity demand as AI enables new attack vectors. The stock slipped modestly after hours but is up 9% over the past month, nearly 21% over three months, and has almost doubled year‑to‑date, though it remains 9% below its August 13 high.
Broadcom will report results Wednesday afternoon on ‘Closing Bell: Overtime’, trading down almost 20% over the last quarter and 25% off its 52‑week high set in June. C3.ai, also reporting on the same segment, is down 12% from its 52‑week peak and 50% below its October 2025 high, emphasizing its long‑standing AI software designed to embed artificial intelligence into core business processes.
Credo Technology’s CEO Bill Brennan will appear on ‘Morning Call’ at 5 a.m. after posting disappointing non‑GAAP gross margins, sending the stock 9% lower in after‑hours trading. Despite a six‑month gain of roughly 85%, shares remain 33% below their June peak. The firm supplies high‑speed, energy‑efficient connectivity for AI, cloud and hyperscale networks.
Finally, analyst Carter Worth of ‘Fast Money’ characterizes Apple as a ‘buy‑and‑hold’ candidate, noting the stock is 5.5% below its July 29 high but has risen 40% over the past year.
