2 things capping Monday's market. Plus, Alphabet's new AI chip plans

Every weekday, CNBC Investment Club with Jim Cramer publishes Homestretch, an actionable afternoon update just in time for the final hour of trading on Wall Street. Stocks fell slightly Monday afternoon as the initial rally in the S&P 500 failed to continue. Oil prices and rising bond yields remained headwinds for stocks as the market debated whether the recent correction in AI stocks had gone too far or whether volatility would continue. WTI crude traded above $83 a barrel throughout the session after briefly falling to nearly $80 on Monday. Treasury yields continued their recent rise, with the 10-year yield rising to around 4.6%. Possibilities of the Fed's rate hike increased amid the threat that inflation could rise again due to the resurgence of energy prices. Alphabet's shares rose after news that its Google unit is developing a more efficient artificial intelligence chip. The tech giant is working on a new server chip designed to make Gemini AI models run more efficiently, Information said Monday. The chips, called Frozen v2, aren't expected to be deployed until 2028 and won't replace the tensor processing units (TPUs) co-designed by the other Club name, Broadcom. But Frozen chips could help Alphabet run its AI models more efficiently by producing more tokens per unit of power. Tokens are units of data processed by artificial intelligence models. While this new chip is still potentially years away from launch, the Knowledge story highlights Google's leadership in developing its own chips that are both affordable and reduce reliance on third-party accelerators like Nvidia. Alphabet's recent loss of high-profile AI talent and the delay of its newest, most powerful AI model have raised some concerns about its AI efforts. But projects like Frozen v2 should help reassure investors that the company continues to invest in its long-term AI strategy to maintain its advantage. No significant gain after the bell. A busy slate of quarterly results is in store before Tuesday's opening bell, with reports from 3M, Danaher, Halliburton, Charles Schwab, General Motors, Novartis and Northrop Grumman. The first earnings report of the week in the portfolio is Capital One, set for Tuesday evening. We see this statement from the credit card giant as a chance to show investors that the $35 billion Discover deal is worth it. There are no major economic reports on Tuesday. (See here for a full list of stocks in Jim Cramer's Charitable Trust, including GOOGL, NVDA, COF.) When you subscribe 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 trading alert before buying or selling a stock in his charitable foundation's portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing the trading alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH THE DISCLAIMERS. NO CIVIL OBLIGATIONS OR DUTIES EXIST OR SHALL BE RESULTING FROM YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT CAN BE GUARANTEED.