- The CNBC Investing Club with Jim Cramer held a "Morning Meeting" livestream discussing the S&P 500 and Nasdaq reaching record highs. The Federal Reserve is expected to announce another rate cut. Club holdings like Nvidia are performing well, while Boeing posted mixed results. Meta, Microsoft, and Starbucks will report earnings after the closing bell.
- Nvidia became the first U.S. company to surpass a $5 trillion valuation after a successful GTC conference. The company’s CEO highlighted strong data center visibility for 2025 and 2026. Trade talks between President Trump and President Xi Jinping could benefit Nvidia. Corning shares surged after a post-earnings selloff, rebounding on solid quarterly results.
- Corning, a Club stock, is forecasted to have more upside due to its role in the AI buildout and fiber optic cable production for data centers. Stocks like Caterpillar, CVS, GE Healthcare Technologies, Verizon, and Brinker International were discussed in the rapid fire round. Subscribers to the CNBC Investing Club receive trade alerts before Jim makes a trade.
Read more at CNBC: Nvidia hits $5T market cap without big China sales. Jim Cramer says that could change