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Cramer's Morning Take: Nvidia 5/13/24

Jim and Jeff discuss the share moves for this semiconductor stock. 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:
3m
Broadcast on:
13 May 2024
Audio Format:
mp3

Jim and Jeff discuss the share moves for this semiconductor stock. 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

Hey, Fidelity. Can I get a second opinion on stocks in the Fidelity app? With Fidelity, it's easy to get an outside opinion from independent experts in a single score. And then? When you're ready, trade US stocks and ETFs with no commissions. That's right. I am always right. Investing involves risk, including risk of loss. Sell or assessment fee not included. A limited number of ETFs are subject to a transaction-based service fee of $100. See full list at fidelity.com/commissions. Fidelity, brokerage services LLC, member NYSE/IPC. I'm Jim Kramer, and you're about to hear a sample taken directly from today's CMEC Investing Club morning meeting. One of the things that I've noticed and been talking about is, at the absence of news and market goes higher, that's a bull market. People don't want to call it a bull market because they're afraid of more still bear market, and they play a YouTube tape, and it looks like you're an idiot. But the fact is, is that the vacuum goes to the bulls, not the bears. Yeah, we saw that play out last week, not a lot of major news, economic news last week. We'll have some events later in the week, keep your eyes tomorrow, CPI Wednesday. So this will be important as well, and I'm looking out even further in video earnings coming up as well. Obviously, that's a big one. Yeah, and I know that Ben Righteous, who's been very right, by the way, at Meleus, is talking about how this still should be a beat raise. A little worried about August and November. But what he reminds us is that there's something beyond the quarter. So there's a Dell meeting, and I want people to understand that Michael Dell has the most solid relationship with Jensen of any of the, not the hyperscalers, but the implementers. So that's going to matter. And he also brings up the point, don't forget all these hyperscale companies, the Metas, the Amazon, some Microsofts of the world. They all raise their CAPEX. Exactly, right. So perhaps there may be some type of transition and video has to work through as they go into the Blackwells platform, but everyone is still spending more. And a lot of that money is going to flow to NVIDIA because they dominate the AI ecosystem. Absolutely. Now, collect press to the excellent CFO of NVIDIA. It's always emphasized to me that NVIDIA is not like Intel, where you have these iterations, and people hold up for the acceleration. There's still people scrambling for the H-200. One allocation as you bring up all the time. Yeah, and that they all work together. So if you get 10 H-200s, that's equal to a Blackwell, which, so it's not a typical transition. Blackwell will be the must, and that's because Blackwell allows you to go high speed video. High speed video in the latency would be amazing. And we saw some good numbers from Taiwan semi last Friday, which I think is worth mentioning. I suppose this is down. It was up nine, but the group has the group trades together. 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 CNBC investing club network. 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. The opinions offered in connection with this podcast and the CNBC investing club are not an attempt to induce any particular trading behavior, investment, or strategy. You should be aware of the risk of loss and following any strategy or investment discussed in the content from Kramer. To view the full CNBC investing club disclaimer, please visit cmbc.com/investingclubdisclaimer. Imagine earning a degree that prepares you with real skills for the real world. Capella University's programs teach skills relevant to your career so you can apply what you learn right away. Learn how Capella can make a difference in your life at Capella.edu. [BLANK_AUDIO]