U.S. stock indexes reached intraday record highs on Wednesday, driven by strong corporate earnings and optimism over a potential Hormuz Strait agreement. Nvidia shares surged nearly 4% after Elon Musk announced SpaceX would build its AI infrastructure exclusively on Nvidia, calling the Vera Rubin architecture the « best AI computer. » Jim Cramer said Honeywell Aerospace is « probably the most undervalued stock » in the portfolio, with shares down roughly 1% since the June 29 spin-off. The stocks covered in rapid fire were Disney, Uber, CVS, Elanco, and Arista Networks.
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