CNBC Daily Open: AI schadenfreude

A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (left) and the letters AI on a laptop screen in Frankfurt am Main, western Germany.

November rally resumes
Stocks rose Tuesday as comments from a Federal Reserve official raised hopes the central bank may not need to raise interest rates further. U.S. Treasury yields dipped on Tuesday, with the yield on the 10-year note last down nearly 6 basis points at 4.33%. The Dow Jones Industrial Average added 83.51 points, or 0.24%, to close at 35,416.98. The S&P 500 inched higher by 0.10% to 4,554.89, and the tech-heavy Nasdaq Composite gained 0.29% to end the session at 14,281.76.

RIP Munger
Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett's right-hand man at Berkshire Hathaway, has died at age 99 . Munger's family said he died peacefully Tuesday morning at a California hospital, according to a press release from Berkshire Hathaway. Buffett credited Munger with broadening his investment strategy from favoring troubled companies at low prices in hopes of getting a profit to focusing on higher-quality but underpriced companies .

Making Disney great again
Disney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he was looking forward to " building again " after spending 2023 mending parts of the business that "needed attention." Iger plans to expand Disney's theme parks with a $60 billion commitment over the next 10 years, build an ESPN direct-to-consumer platform no later than 2025 and rebuild Disney's movie studio business, which Iger said has suffered from making too many films.

Amazon's AI push
Amazon's AWS cloud unit has announced new chips for customers to build and run artificial intelligence applications on, as well as plans to offer access to Nvidia's latest chips. Amazon's two-pronged approach of both building its own chips and letting customers access Nvidia's latest chips might will help it against its top cloud computing competitor, Microsoft.

The rise in stocks throughout November has been underpinned by softer-than-expected inflation data that has fueled investor hopes for an end to the Federal Reserve's monetary policy tightening campaign. However, the favorable backdrop for Wall Street may have fueled unsustainable gains for a slate of stocks. CNBC Pro screened some of these names .