Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 advanced 0.7% Thursday, despite tech behemoth Nvidia’s post-earnings decline. Shares of the AI chipmaker tumbled 3.5% after the company handily beat estimates on the top and bottom lines Wednesday. At issue: Nvidia couldn’t quite meet their analysts’ lofty estimates for the company’s full-year outlook on gross margins. “This was the mortal Jensen Huang,” Jim Cramer said of the company’s chief exec. He added that his long-term thesis on the stock hasn’t changed, but said investors shouldn’t buy the dip quite yet. However, the Club would purchase more Dover shares if it wasn’t restricted. During its post-earnings call with investors and analysts, Huang mentioned that a “significant” number of data center operators want to adopt liquid cooling technology for their servers. Dover, which makes thermal connectors used in the liquid cooling of data centers, should continue to benefit as Nvidia sells more GPUs to customers that utilize that technology. The stock gained 0.7% on Thursday. Salesforce shares are up more than 1% after the enterprise software company posted a better-than-expected earnings report on Wednesday evening. “This was a really, really good quarter,” Jim said. We were glad to see Salesforce’s margin story get back on track and positive commentary around upcoming offerings like its pair of new AI tools. (Jim Cramer’s Charitable Trust is long NVDA, DOV, CRM. 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.
Post Comment