Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream weekdays at 10:20 a.m. ET. A recap of Wednesday’s key moments. 1. The S&P 500 and Nasdaq hit another intraday high on Wednesday, buoyed by strength in mega-cap tech stocks. Clubs that own Nvidia lead the pack. “I would say the market is up, but it’s uneven. It’s not for every stock,” Jim Cramer said. Investors are also awaiting the latest interest rate decision from the Federal Reserve in the afternoon. A further reduction of one-fourth of a point is expected. The club, known as Boeing, announced mixed quarterly results Wednesday morning. Management emphasized that free cash flow is positive for the first time since 2023. Meta, Microsoft, and Starbucks (all portfolio holdings) are scheduled to report their quarters after the closing bell. 2. Club Stock Nvidia on Wednesday became the first U.S. company to be valued at more than $5 trillion after garnering much attention at the annual GTC conference. Nvidia CEO Jensen Huang touted $500 billion in cumulative data center visibility in 2025 and 2026. That’s 12% higher than Wall Street’s expectations of $447 billion, according to Goldman Sachs. Additionally, President Donald Trump and Chinese President Xi Jinping will continue trade talks on Thursday, with Nvidia’s Blackwell chip also expected to be on the agenda. “This could be a major seismic shift within the White House” to allow faster Nvidia chips to be sold in China, Jim said. He added that it would be another “big win” for Nvidia. 3. Corning stock soared more than 5% on Wednesday, erasing losses, then erased some in Tuesday’s post-earnings decline. Despite an overall strong quarter, the club’s shares were unfairly discounted on the earnings call as investors took profits. Next, I bought more stocks in specialty glass manufacturers that had fallen. “This is what we expected to happen,” Jim said of Wednesday’s rebound. Jim predicted further upside for Corning’s stock, given that the company is a major beneficiary of AI developments. Part of the reason is because Corning makes fiber optic cables for data centers. “It’s not done yet because fiber optics will take over the data center,” Jim added. 4. Stocks featured in rapid succession Wednesday at the end of the video were Caterpillar, CVS, GE Healthcare Technologies, Verizon, and Brinker International. (Jim Cramer’s Charitable Trust is long BA, META, MSFT, NVDA, SBUX, GLW. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investing Club, 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.
