Jim Cramer says this AI stock is "in the sweet spot" — plus, an Nvidia GTC preview

CNBC Finance

3 min read

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 Tuesday's key moments. 1. Stocks opened lower on Tuesday but quickly rebounded to build on Monday's comeback from Iran War lows, driven by President Donald Trump's comments hinting that the conflict could end soon. West Texas Intermediate crudeÂ fell 10.5% to around $85 per barrel. However, Defense Secretary Pete Hegseth said Tuesday that "today will be our most intense day of strikes inside Iran." A key indicator of the war timeline closing, Jim Cramer said, is the reopening of the Strait of Hormuz, a critical oil passageway between Iran and the Gulf Countries for a large amount of the world's global supply. Cramer is also monitoring the Short Range Oscillator , which is at -3.27%, close to oversold after Monday's rebound. When this market gauge reaches 5%, it could signal select buying opportunities. In the meantime, Jim said, "Be conscious that one errant comment by the president, and everything is going to go away." 2. Artificial intelligence chip leader Nvidia is getting some attention ahead of its annual GPU Tech Conference (GTC) next week. Investors are expecting Nvidia to launch new hardware, including a new chip for inference to train AI models. In a note on Monday, Wall Street firm Truist previewed the event, calling it the "Super Bowl of AI" and predicting it will likely be a positive catalyst for the stock. Analysts expect the company to provide updates on supply, demand, market growth, and other industry trends. They anticipate management will signal that supply, production, and demand all align to support continued growth. Nvidia shares advanced 1.6% on Tuesday. If Nvidia unveils a new chip next week that is cheaper than in-house options at Google and Amazon, Jim said, it could spur more demand for Nvidia's high-quality hardware. 3. Shares of Corning popped 7.6% Tuesday following an announcement from AT & T that the telecom company will commit $250 billion over the next five years to build high-speed networks. Jim said Corning is "in the sweet spot" as the leader in manufacturing and sales of optical fiber and cable. Corning has a partnership with AT & T, the largest network of ï¬ber internet and 5G wireless services in the U.S., to provide it with fiber, cable, and connectivity solutions to support the expansion of AT & T's fiber network. Corning stock has been an outlier this year, rallying nearly 60% year to date while the broader market is flat to negative. We maintain our hold 2-rating and $160 price target on the stock. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: AT & T , Hewlett Packard , Qualcomm , Casey's General , and Kohl's . (Jim Cramer's Charitable Trust is long NVDA, 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 discussed a stock on CNBC, 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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Jim Cramer says this AI stock is "in the sweet spot" — plus, an Nvidia GTC preview

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