Every weekday CNBC Investing Club hosts a “Morning Meeting” live stream with Jim Cramer at 10:20 a.m. ET. Here’s a recap of Thursday’s highlights. 1. Wall Street is having a mixed session on Thursday. While the Dow Jones industrial average was slightly higher, the S&P 500 and the tech-heavy Nasdaq Composite gave up earlier gains and went into the red. Club name Nvidia is the key to watch on Thursday. Shares of the leading AI chipmaker and the world’s most valuable company fell nearly 3% despite better-than-expected earnings. The stock had opened in positive territory – briefly hitting an all-time intraday high – before losing steam. Nvidia’s “biggest problem is allocation,” Jim Cramer said, referring to a lack of supply for its next-generation Blackwell chips. “They’re trying to make as much as possible.” 2. Jim said the market’s reaction to earnings inside and outside the club’s portfolio shows the importance of expectations. As he sees it, there are basically two types of companies that have reported recently: those where no one expected anything great, like software provider Snowflake and farm equipment maker; company dairy, and one where a high bar was set, such as Nvidia and fellow Palo Alto Networks holdings. Snowfall is growing more than 30 percent, while dairy is growing more than 6 percent. “Snowflake is just thrown in the trash and nobody wants it,” Jim said. On the other hand, investors were selling Nvidia and Palo Alto. We’re not sweating it in Palo Alto. 3. One club stock bought on Thursday is Dover, which makes thermal connectors used in the liquid cooling of data center servers that contain Nvidia chips. This technology is especially important for Blackwell chips because they dissipate a lot of heat. To that end, Dover shares were up more than 1.5% on Thursday. Jim said of the industrial conglomerate, “Nothing is dead. Look, they’re trying to keep up with demand, too.” Electrical equipment supplier Eaton, another club we own for data center exposure, rose more than 3% on Thursday. 4. At the end of the video, the stocks covered in Thursday’s flash fire were: Snowflake, BJ’s Wholesale, and Dairy. (Jim Cramer’s Charitable Trust is long NVDA, PANW and DOV. See here for a complete list of stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust 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 Investing Club information above is subject to our terms and conditions and privacy policy, along with our disclaimer. No formal obligation or duty exists, or is created, by reason of your receipt of any information provided in connection with Investing Club. No specific results or profits are guaranteed.
Jim Cramer benefits from the market’s reaction to Nvidia’s earnings
