Nvidia hits $5T market cap without big China sales. Jim Cramer says that could change
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 and Nasdaq reached record intra-day highs again Wednesday, supported by strength in megacap tech. Club holding Nvidia is leading the pack. “The markets are higher, but I would tell you that it’s disparate. It’s not every stock,” Jim Cramer said. Investors are also awaiting the Federal Reserve’s latest rate decision in the afternoon. Another quarter-point cut is expected. Club name Boeing posted mixed quarterly results Wednesday morning. Management highlighted positive free cash flow for the first time since 2023. Meta , Microsoft , and Starbucks — all portfolio holdings — will report their quarters after the closing bell. 2. Club stock Nvidia on Wednesday became the first U.S. company to surpass a $5 trillion valuation after making a big splash at its annual GTC conference. Nvidia CEO Jensen Huang touted $500 billion of cumulative data center visibility for 2025 and 2026. That’s 12% above Wall Street estimates of $447 billion, according to Goldman Sachs. Additionally, President Donald Trump and Chinese President Xi Jinping will continue trade talks Thursday, with Nvidia’s Blackwell chips on the agenda. “It could be that this is a major seismic shift within the White House” to allow faster Nvidia chips to be sold in China, Jim said. It would score another “big win” for Nvidia, he added. 3. Corning shares surged more than 5% on Wednesday, erasing losses and then some from Tuesday’s post-earnings selloff. The Club stock was unfairly dinged on its earnings release as investors took profits despite an overall solid quarter. We, in turn, purchased more shares of the specialty glass maker on the decline. “This is what we were hoping would happen,” Jim said, referring to Wednesday’s rebound. Jim forecasted more upside to come for Corning shares, given that the company’s a key beneficiary of the AI buildout. That’s, in part, because Corning makes fiber optic cables for data centers. “It’s not done yet because fiber is going to take over the data center,” Jim added. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: Caterpillar , CVS , GE Healthcare Technologies , Verizon , and Brinker International . (Jim Cramer’s Charitable Trust is long BA, META, MSFT, NVDA, SBUX, GLW. See here for a full list of the stocks.) As a subscriber 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 trade alert before buying or selling a stock in his charitable trust’s 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 ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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