Cramer expects Nvidia surprise, and likes idea of AI-driven job cuts at Meta
Every weekday, CNBC Investment Club with Jim Cramer hosts a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s highlights. 1. US oil prices fell below $100 per barrel, causing the S&P 500 index to rise more than 1%. Crude oil prices retreated after Treasury Secretary Scott Bessent told CNBC that the United States is allowing Iranian oil tankers to pass through the Strait of Hormuz. “The fact that oil could go down makes people feel like we better start doing some things [stock] Jim Cramer said on Morning Briefing: Today is the 17th day of the Iran war. With the S&P Short Range Oscillator deeply in oversold territory following last week’s market decline, we bought more shares of Boeing and Goldman Sachs on Monday. Both stocks were on last week’s shopping list. 2. Nvidia shares gained more than 2% ahead of CEO Jensen Huang’s keynote speech Monday afternoon at the AI powerhouse GTC conference in San. “I think Jensen will surprise us with an inference chip,” said Jose, California, of GTC to better compete in an increasingly crowded field of processors with lower costs. Jim added that a new inference chip would be incredible and would “make the gains in Nvidia shares real on Monday.” Shares rose more than 2% after Reuters reported that Facebook and Instagram plan to lay off about 20% or more of their staff. JPMorgan analysts estimated that layoffs of the reported size could save Meta about $5 billion to $6 billion. “You don’t need that many people,” said Jim, who has embraced such a move. He added that investors are overreacting to AI spending plans, failing to take into account that they will play out over many years and ultimately generate much more cash flow. (Jim Cramer’s Charitable Trust is long META, NVDA. See here for a full list of stocks.) When you subscribe to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. waits 45 minutes after sending a trade alert before buying or selling a stock After Jim talks about a stock on CNBC TV, he waits 72 hours before executing the trade. RESULTS OR PROFIT ARE NOT GUARANTEED.[onMondayisforreal”JimisalsolookingforJensentotalkaboutNvidia’snewestchipplatformVeraRubinandtheroadmapbeyondthat3MetaPlatforms’stockrosemorethan2%afterReutersreportedthattheFacebookandInstagramparentisplanningtolayoffabout20%ormoreofitsstaffApossibleworkforcereductionwouldhelpMetaoffsetitsmassiveartificialintelligencespendingplansJPMorgananalystsestimatedthatjobcutsofthereportedmagnitudecouldsaveMetaaboutabout$5billionto$6billionHowevertheysaidit’sasmalldentinthecompany’sprojectedexpensesof$162billionto$169billion”ThisisanodtoAIYoudon’tneedasmanypeople”saidJimwhoembracessuchamoveHeaddedthatinvestorshaveoverreactedtoAIspendingplans—nottakingintoaccountthattheyaregoingtohappenovermanyyearsandcouldultimatelyproducefargreatercashflow(JimCramer’sCharitableTrustislongMETANVDASeehereforafulllistofthestocks)AsasubscribertotheCNBCInvestingClubwithJimCrameryouwillreceiveatradealertbeforeJimmakesatradeJimwaits45minutesaftersendingatradealertbeforebuyingorsellingastockinhischaritabletrust’sportfolioIfJimhastalkedaboutastockonCNBCTVhewaits72hoursafterissuingthetradealertbeforeexecutingthetradeTHEABOVEINVESTINGCLUBINFORMATIONISSUBJECTTOOURTERMSANDCONDITIONSANDPRIVACYPOLICYTOGETHERWITHOURDISCLAIMERNOFIDUCIARYOBLIGATIONORDUTYEXISTSORISCREATEDBYVIRTUEOFYOURRECEIPTOFANYINFORMATIONPROVIDEDINCONNECTIONWITHTHEINVESTINGCLUBNOSPECIFICOUTCOMEORPROFITISGUARANTEED[onMondayisforreal”JimisalsolookingforJensentotalkaboutNvidia’snewestchipplatformVeraRubinandtheroadmapbeyondthat3MetaPlatforms’stockrosemorethan2%afterReutersreportedthattheFacebookandInstagramparentisplanningtolayoffabout20%ormoreofitsstaffApossibleworkforcereductionwouldhelpMetaoffsetitsmassiveartificialintelligencespendingplansJPMorgananalystsestimatedthatjobcutsofthereportedmagnitudecouldsaveMetaaboutabout$5billionto$6billionHowevertheysaidit’sasmalldentinthecompany’s projectedexpensesof$162billionto$169billion”ThisisanodtoAIYoudon’tneedasmanypeople”saidJimwhoembracessuchamoveHeaddedthatinvestorshaveoverreactedtoAIspendingplans—nottakingintoaccountthattheyaregoingtohappenovermanyyearsandcouldultimatelyproducefargreatercashflow(JimCramer’sCharitableTrustislongMETANVDASeehereforafulllistofthestocks)AsasubscribertotheCNBCInvestingClubwithJimCrameryouwillreceiveatradealertbeforeJimmakesatradeJimwaits45minutesaftersendingatradealertbeforebuyingorsellingastockinhischaritabletrust’sportfolioIfJimhastalkedaboutastockonCNBCTVhewaits72hoursafterissuingthetradealertbeforeexecutingthetradeTHEABOVEINVESTINGCLUBINFORMATIONISSUBJECTTOOURTERMSANDCONDITIONSANDPRIVACYPOLICYTOGETHERWITHOURDISCLAIMERNOFIDUCIARYOBLIGATIONORDUTYEXISTSORISCREATEDBYVIRTUEOFYOURRECEIPTOFANYINFORMATIONPROVIDEDINCONNECTIONWITHTHEINVESTINGCLUBNOSPECIFICOUTCOMEORPROFITISGUARANTEED
