Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Monday’s key moments. 1. The S&P 500 Index rose on Monday as chip stocks rebounded from Friday’s decline, spurred by reports that Meta Inc. is considering selling its stake following Alphabet’s successful capital raise. Jim Cramer said he remains “not positive” on the market and worries that big IPOs, including Friday’s SpaceX, and a wave of hyperscalar fundraising to fund AI development could cause short-term headwinds for stocks. “Oversupply can kill bulls,” Jim says. In case you missed it, Jim’s Sunday column was about the dangers of trading too many trades chasing too few dollars and what that means for investors. 2. Intel soars more than 12% following a report in The Information that Google and Nvidia have selected the company as a backup chip maker. The club initiated a position in Inter last Wednesday and bought the drop in the share price on Friday. The company believes it is benefiting from the AI boom, driven by high demand for CPU chips and a blossoming foundry business. With Taiwan Semiconductor Circuit, the world’s largest manufacturer, operating at full capacity, it’s a natural choice for hyperscalers that need more chips. “We’re a much better company than we’ve ever been,” Jim said. 3. Apple’s Worldwide Developers Conference kicks off today, and Apple is expected to unveil an improved Siri assistant that leverages Google’s powerful Gemini AI model. The five-day annual meeting comes as the iPhone maker has rallied more than 20% since the end of March and remains in the doldrums. It is also Tim Cook’s final term as CEO, handing over the reins to John Ternus. “The stock is expensive,” Jim said, but added that the company’s ability to monetize its large user base is undeniable. “I call Apple mine and don’t trade it.” 4. At the end of the video, the stocks featured in Monday’s rapid fire are: Marvell Technology , Flex , Campbell’s , Cummins (Jim Cramer’s Charitable Trust is long INTC, META, GOOGL, and APPL. See here for a complete list of stocks.) Jim Cramer’s CNBC Investing Club As a subscriber, you will receive trade alerts before Jim Cramer 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.
