Cramer says this mega-cap stock still faces ‘existential’ threat from AI. 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: Alphabet 5/15/24
Cramer says this mega-cap stock still faces ‘existential’ threat from AI. 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:
- 15 May 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 distributing distribution on jim cramer and you're about to hear a sample taken directly from today's c_m_c_ investing club morning meeting about it alphabets a_i_ capabilities earlier this year uh... but it sounds like uh... yesterday with the gemini event that they hosted uh... people are just back to the idea that they do have you know that they are stragglers in the a_i_ i know and yet yesterday i was using the i was using google using google search versus using chat chp_t_ and i should have gone to clod and i i didn't but uh... chat chp_t_ was so much more thorough than google i would add ads so i still think the existential threat is there however these guys have you two which is ten percent of our occupation of our t_v_ time and i think there's just a sense that they'll make it better i do go back to the retail sales report because it was a little bit weaker and we have been was there's been a lot of concerns about uh... the consumer lately uh... but you know best by uh... there's a nice a bulverse bear debate outlined by bank america that they're actually on they have another form on the stock uh... but actually the electronics and appliances alone bright spot right now but this is frustrating we were you and i then in frustration because some people say we're going to be a quarter early and obviously we've had some you know they're not a resource for great like cosco this is a refresh pc refresh not gaming not game stop although it compares very positive game stop but it is frustrating for us like a black and that's part of the ball bear debate right so they thank america they point out that the computing category this is the ball point of viewer is to improve a lot of a i capabilities it's going to cause a lot of people to upgrade their tech hardware your laptops turning positive in q4 last year that's continue right uh... throughout this year but on the other hand uh... maybe the timing around the replacement cycle replacement of everyone buying the electronics they bought during covid uh... that's still uncertainty and and then you mentioned uh... cosco it's still the amazon i know and busy up here busy up i mean you have walmart being big and t_v_s it is a pc play primarily and then obviously if you want to fix up your house it's a place to go but obviously that's being hurt by that i'd just think the p_c_a_ refresh brings people into the source is very expensive situations got a safe dividend i'm saying well it's another stock it's family stanley black and there these are things that you buy when you get financing that's what you need start your day with my outlook on the daily market every morning at ten twenty a_m_ visit c_b_c_ dot com slash morning take to access all the benefits of being a c_b_c_ investing club all opinions expressed by jim cramer on this podcast and in connection with the c_n_b_c_ investing club are solely craymers opinions and do not reflect the opinions of c_n_b_c_ n_b_c_ universal or their parent company or affiliates and may have been previously disseminated by craymer on television radio internet or another medium no specific outcome or profit is guaranteed in connection with your alliance upon or other use of the content from craymer the opinions offered in connection with this podcast in the c_n_b_c_ 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 craymer to view the full c_n_b_c_ investing club disclaimer please visit c_n_b_c_ dot com forward slash investing club disclaimer what's on the horizon for financial markets at p_j_m_ it's a question that over fourteen hundred investment professionals relentlessly research in pursuit of your long-term goals specialized across asset classes but united in collaboration our teens provide global and local expertise our investments shaped tomorrow today pursue your tomorrow with p_j_m_ and leading global asset manager [MUSIC PLAYING]