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LivestreamMenuEvery weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The S & P 500 was little changed following Monday’s relatively flat session. Jim Cramer said that despite starting “really ugly” on Tuesday, the market picked up some steam thanks to a reversal in Treasury yields. “We had higher rates [yields], so let’s not lose sight of what’s still the driver here,” Jim said. Separately, the Club called up memory chip maker Micron from the Bullpen this morning. The stock is known for its highly volatile swings, which is why we initiated with a small position. 2. Intel on Tuesday upsized its planned stock sale to help fund AI demand by a third to $20 billion. The company said the offering will be priced at $95 per share. The original $15 billion number was announced Monday, and Intel shares dropped 4% to just over $97 on the news. Jim is confident in Intel’s management and overall strategy. He expects the funds will help grow Intel’s third-party chip manufacturing business. CEO Lip-Bu Tan is someone who “knows how to build things,” Jim said, speculating that Intel would not do the stock sale “unless they have something in hand,” like maybe a new manufacturing customer. “I still think this is my favorite stock in the portfolio,” he added. Intel shares were flat Tuesday. 3. Nvidia shares were modestly higher Tuesday after the AI chip giant announced a $500 billion financing initiative in partnership with many of Wall Street’s biggest financiers, including fellow Club name Goldman Sachs . This is “a monumentally positive change,” Jim said. He referenced how Nvidia CEO Jensen Huang told CNBC on Monday night that AI compute is becoming an “investable asset class,” and this initiative will help raise the enormous sums of money required to build the necessary data centers for the AI era. The need for all this infrastructure, Jim said, is because there’s just so much demand for compute and not enough supply to meet it. “The revolution is here,” he said, while alluding to Amazon CEO Andy Jassy’s recent defense of the company’s aggressive AI spending. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: On Holding , Gap , Best Buy, and Jabil . (Jim Cramer’s Charitable Trust is long INTC, NVDA, GS, and MU. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.Read More
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