Jim and Jeff discuss market moves for semiconductor stocks. 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
Squawk on the Street
Cramer's Morning Take: Super Micro Computer 4/22/24
Jim and Jeff discuss market moves for semiconductor stocks. 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:
- 4m
- Broadcast on:
- 22 Apr 2024
- Audio Format:
- mp3
electricity a big idea that's inspired countless new ones from powering the light bulb to virtually powering our entire lives 30 years ago State Street launched the spider S&P 500 ETF spy a big idea that inspired the world to invest differently and still does what can you do with spy before investing consider the funds investment objectives risks charges and expenses visit ssha.com for a prospectus containing this another information really carefully before investing spies subject to risks similar to those of stocks only TS are subject to risk including possible loss of principle of distributing distribution I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC investing club morning meeting when you talked about working furiously on the call Wednesday but I know you were also working furiously over the weekend on the story put out yesterday which kind of examines super micro right well felt 23% last time I mean I think that super micro what oh wow was the market now look this is nowhere near as proprietary as Blackwell or Grace Hopper this video product yeah and it is an integrator I mean if you look at Dell and look at Broadcom's been down badly but Dell has not been down that much I just think that this is a company that should never been here okay but it continued to pre-announce over and over again people got very excited about pre-announce process and so when they announced their earnings date without a pre-announcement ahead of that people got scared they sold it but also back to the bonds for a minute you keep pointing out March 8th as a key date that was the February payroll number and I which growth didn't moderate but unemployment still you know still arguably too low I mean where the Fed has to worry I mean there's just no I mean to me that that number said there's no need for cuts because we are growing the this economy like man yeah and I mean there's a lot way too much emphasis on even what the on what the Fed says is a chosen number which is Friday because you can't get a weak Friday number until you have unemployment unemployment is everything to this market and unemployment in this country is so low and it's also understated because over a 10 million immigrants that have come in that no one wants to talk about remember I asked the labor secretary directly how many permits have been given she would not answer it wouldn't answer and when you get a big sell-off in tech are always going to get someone who says it's time to you know go go neutral in them you know equally what I hear that UBS they downgrade the big six Apple Amazon alphabet met in Microsoft Nvidia to neutral from overweight but they maintain an overweight rating on tech plus which is tech but also includes internet retail within discretionary media and services as well the call here isn't necessarily about valuation or about AI it's earnings momentum right slowing reversing basically the this kind of end of positive revisions in earnings coming to an end arguably it's already happened already happened in some micro that's some micro the end of that by the way remember Nvidia the reason why I'd liked it all the way up has to do with the fact that when you look at it in retrospect you sold it at a level that turned out to be between 14 16 so this is interesting in video obviously horrible day Friday down 10% was up maybe two three percent earlier now one percent we did have enough hoping we're always talking about being cautious during these big you know sell-off you know market corrections that we're going through be wary of up opens yeah this talk has no down three don't buy it down start your day with my outlook on the daily market every morning at 10 20 a.m. visit cmbc.com/morningtake to access all the benefits of being a CMC investing club member 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 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