Squawk on the Street

Cramer's Morning Take: Big Tech 9/9/24

Jim and Jeff dive into a few of the ‘Mag 7’ stocks market moves. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Duration:: 5m
Broadcast on:: 09 Sep 2024
Audio Format:: mp3

CNBC Investing Club Disclaimer

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Linkedin, the place to be to be. Jim Kramer here to share with you a sample of my take on the market from today's Apple. Obviously one could be an interesting way for them to go down. I didn't like the Globe and the reason I didn't like the Globe and it's just that they're still not ready with a lot of the AI and also it seems like AI may not be as much of a selling point. So we do have more of a battery life. You need a refresh kind of thing. They don't make enough of that. But I think a lot of people feel like you have to refresh if you're going to have more battery. We'll have to stay tuned to the actual event. And then Alphabet, you point out the hardest of the group because of ZOJ search search risk. But every time we've trimmed it's rallied. I know. But yeah, I know. I was getting involved. I was telling my wife this and I said, you know, I felt very I did the piece. I felt like what is that? Is it too late to sell Alphabet? Right. And the answer is I could argue, well, what were you thinking at 190? Would you be selling it at 150? Which, by the way, is something I'm going to talk about on our meeting on Thursday, our club meeting, because it's a very exciting thing. Yeah. And I really want to drill down this particular question because I think a lot of our club members are very concerned about the MAG 7. Yeah. And are thinking about maybe it's time to jump ship or should we have jumped him already? Well, you also put it on the other hand, Amazon, maybe the cheapest if you look out at a few years on earnings. I had a deserving of a higher multiple because they are monetizing AI. One of the things that Amazon is doing right now, what are they using for AI? This is very interesting. What they're most concerned about in terms of being able to save per package is if they see a pattern of, let's say you order 8 o'clock and then you order 10 o'clock, they've seen that pattern so they can then flag you and realize, wait a second, I should batch that person's get whatever presence or get that person's stuff that they would have bought it will all greens. And then do one truck rather than two so they would lower the price of the package. That's how they're using AI. And that is a fabulous use case. Fabulous. Yeah. And then meta as well, just how they're using AI to, you know, in the future they could create their own ads for some real life companies. Yeah. No, this is a product. Remember, you got to stay focused on what NVIDIA is really doing. NVIDIA is switching Blackwell, the new chip is about video. So if you can imagine, if you could put video ads on Instagram, representing a Clorox or a Julyad, that is a home run because those companies spend billions to their advertising companies. And then by the way, they're cut out almost entirely, if you look at this. Join the CMC investing club with Jim Kramer to catch my member exclusive morning minis every day at 10 20 a.m. Visit cmbc.com/morningtake to become a member today. That's one word morning take. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal or their parent company or affiliates and may have been previously disseminated by Kramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. 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