How Cramer is approaching two AI stocks after Oracle report roils market

Every weekday, CNBC Investment Club with Jim Cramer hosts a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's highlights. 1. The Dow Jones Industrial Average hit a new record this morning, while the S&P 500 fell after Oracle's disappointing earnings report on Wednesday, which reignited fears of an AI bubble. Jim Cramer focused on stocks that were positively affected by the Fed's decision to cut the benchmark interest rate by a quarter point yesterday. “You have a very good chance of buying it,” Jim said. "If you isolate these, it can continue today." [stocks] it does better when rates are down," Jim added, pointing to Home Depot owner Club Home Depot. 2. GE Vernova fell nearly 5%, in part because of Oracle's influence on AI-related names. The company produces natural gas turbines in high demand to power data centers. But there could also be some profit-taking in shares, which rose 14% to a record high of $725 on Wednesday after providing positive guidance through fiscal 2028. GE on Wednesday We raised our price target for Vernova to $800 from $700.) "That's actually why you never chase a parabolic move," said Jeff Marks, the club's director of portfolio analysis. 3. Broadcom shares are also eyeing a rally heading into the earnings report after the bell, driven by higher sales of tensor processing units (custom chips) sold to Alphabet, with the stock up more than 20% since Nov. 21 and roughly the last six months. It's up 60%. "That makes sense to me if you want to sell it," Jim said. "But if you're selling it because of Oracle, it's a little ridiculous." minutes. CNBC TV waits 72 hours after issuing the transaction alert before executing the transaction. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY AND THERE IS NO OBLIGATION OR DUTY OF FIduciary. THE INFORMATION PROVIDED IN CONNECTION DOES NOT GUARANTEE A PARTICULAR RESULT OR PROFIT.