Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Wednesday’s key moments. 1. The S&P 500 and Nasdaq hit record highs on Wednesday following progress toward a possible peace deal between the United States and Iran. “Lower oil prices and lower interest rates (bond yields) have enabled tech stocks to rally wildly,” Jim Cramer said. AI and data center infrastructure stocks continued to lead the market’s gains, supported by Corning and Nvidia’s new fiber optic partnership. “It’s certainly important,” Kramer said, reiterating his view that the economy is increasingly driven by computing and AI. Corning stock rose 11%. A collection of articles on all of Corning’s Investor Day news, including new guidance. Check your inbox and text messages immediately to receive alerts. 2. Arm Holdings shares rose 12% ahead of the earnings report, but Jim cautioned investors not to expect a big jump after the news, even if the chipmaker posted strong results. “The problem is that Arm is rallying ahead of the news,” Jim said, noting that a large pre-earnings rally could limit subsequent upside. Investors will be watching for updates on loyalty growth and new customers that Arm will report on Wednesday night. Arm-based CPUs continue to gain traction among hyperscaler customers such as fellow club names Amazon and Alphabet, but competition remains fierce, Jim emphasized. “It’s Intel, it’s them (Arm), it’s AMD, it’s a very powerful set of enemies,” he said. 3. Alphabet and Amazon “might be the best two” of the Magnificent Seven, Jim said, adding that NVIDIA is still part of the discussion. “We’re very happy that we own Amazon,” Kramer said. He also said it was “very right” that the club reacquired Alphabet late last year after selling its stake in March 2025. The discussion began following reports that Anthropic has committed to spending up to $200 billion on Google Cloud over the next five years. Jim said he regrets not repurchasing Advanced Micro Devices like he did with Alphabet. 4. The stocks featured at the end of Wednesday’s video were Uber, Disney, Solstice Advanced Materials, and Kraft Heinz. (Jim Cramer’s charitable trust includes Alphabet, Amazon, Arm, Corning, and Nvidia. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you’ll receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
