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☆ Here are the portfolio's top 5 performing stocks since April's Monthly Meeting
▼ + stars: | 2024-05-30 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The latter fact is on display in our list of top-five performing portfolio stocks since the April 24 close through Wednesday's close, the eve of our May meeting. The chipmaker jumped 44.1% since April's Monthly Meeting. 4, Eli Lilly stock jumped 10.8% since our April 24 meeting. A slew of promising AI announcements helped fuel the stock's strong performance since the April meeting. More broadly, Broadcom has been one of the portfolio's biggest beneficiaries of the AI trade.

Persons: Dow, Jim Cramer, we're, Jim, Costco, Eli Lilly's, Eli Lilly, Jim Cramer's, Spencer Platt Organizations: Nasdaq, Dow Jones Industrial, Nvidia, Apple, China Academy of Information, Communications Technology, iPhone, Bank of America, Costco, Costco Wholesale, Walmart, Club, Broadcom, CNBC, Traders, New York Stock Exchange, Getty Locations: Wednesday's, China, U.S, Google's, New York City

☆ Best Buy surges on signs that the expected AI-driven PC and smartphone refresh is starting
▼ + stars: | 2024-05-30 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Bottom Line This was a better-than-feared quarter from Best Buy. Services are an area that Best Buy can lean into and leverage to differentiate from online retailers like Amazon . Importantly, she noted that not only will Best Buy have the largest assortment of AI-enabled PCs but over 40% of that assortment will be exclusive to Best Buy. Going back to how Best Buy can compete with the likes of Amazon, Best Buy is working closely with vendors on marketing strategies and demonstrations to offer a "unique educational and interconnected digital shopping journey." Bimal Tandel photographs Bhavin Tandel and Dinesh Tandel, crew members on the Klara Oldendorff, in front of a Best Buy in Timonium, Maryland, U.S., March 29, 2024.

Persons: Corie Barry, we're, Barry, FactSet, Jim Cramer's, Jim Cramer, Jim, Bimal, Bhavin Tandel, Dinesh Tandel, Klara Oldendorff, Julia Nikhinson Organizations: LSEG, Services, Amazon, Computer, Target, Walmart, Costco, Barry, Apple, CNBC Locations: Timonium , Maryland, U.S

☆ Foot Locker leaves our penalty box as CEO Mary Dillon's revamp plan turns corner
▼ + stars: | 2024-05-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon's turnaround plan is starting to pay off. At its highs of the session Thursday, Foot Locker was up nearly 32% before giving up some of those gains. That counts for something, especially when Foot Locker's stock entered Thursday down nearly 35% since the session before the March disaster. Encouragingly, Dillon told CNBC that Foot Locker and Kids Foot Locker saw positive comp-store sales. Foot Locker Why we own it: We are in Foot Locker for the turnaround.

Persons: Locker, Mary Dillon's, Dillon, Thursday's, Foot, Mary Dillon, Jim Cramer, Encouragingly, comps, Nike, we've, Jim Cramer's, Jim, Xavi Lopez Organizations: LSEG, CNBC, Nike, Holding, JD, Dick's Sporting Goods, Shoppers, Lightrocket, Getty Locations: Oregon, It's, Spain

☆ Costco shares dip despite earnings beat. There's no cause for investor concern
▼ + stars: | 2024-05-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

On an annual basis, Costco's EPS grew 29%. After closing at a record $815.34 per share Thursday, Costco's stock declined about 1.5% in extended trading. Core merchandise was flat on a reported basis, but a two-basis-point improvement when excluding the impact of gasoline. Costco's reporting segment for so-called "other" items saw a 57-basis-point benefit on a reported basis and a 56-basis-point benefit ex-gas. Costco's inflation update remained encouraging.

Persons: We're, Ron Vachris, Gary Millerchip, Vachris, Millerchip, Costco didn't, that's, Richard Galanti, Jim Cramer's, Jim Cramer, Jim Organizations: Costco Wholesale, Costco, LSEG, Wholesale, Walmart, Club, Amazon, CNBC, Costco Self, Ucg, Getty Locations: U.S, Canada, Queens , New York

☆ Here are 5 stocks that are buys right here, right now
▼ + stars: | 2024-05-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Let's say you just joined the Club, and you are trying to figure out which stocks we think are buyable right now, right here. The question is: Which stocks would I buy right now? In fact, we added some more shares to the Club portfolio Wednesday. WYNN YTD mountain Wynn Resorts YTD I would most certainly buy the stock of Wynn Resorts . (Jim Cramer's Charitable Trust is long GEHC, HON, WYNN, SWK, F. See here for a full list of the stocks.)

Persons: WYNN, Boston —, Wynn, Decker, That's, Neil Kashkari, Stanley Black, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Club, GE Healthcare, Honeywell, DuPont, Raytheon, United Technologies, Electric, Wynn, Wynn Resorts, Vegas, Stanley, Ford, CNBC Locations: Boston, Macao, Asia, SWK

☆ We're buying more of our newest position and a health-care stock we have battled
▼ + stars: | 2024-05-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We are buying 75 shares of Dover at roughly $181.64 and 75 shares of GE Healthcare at roughly $78.31. We're also nibbling on more GE Healthcare. We also bought GE Healthcare on May 8. 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.

Persons: Jim Cramer's, DOV, We're, Jay Saccaro, GEHC, Jim Cramer, Jim Organizations: Dover, GE Healthcare, GEHC, Club, Systems, GE, CNBC, Midland Manufacturing Locations: Dover, China

☆ Apple and Nvidia fight Wednesday's stock market decline. Here is what's supporting them
▼ + stars: | 2024-05-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The stock market experienced a broad decline Wednesday as Club name Nvidia seesawed on either side of unchanged. Jim Cramer said the stock's move higher is "important because Apple should've been up [more] yesterday." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, Apple should've, Abbott, Jim, Jim Cramer's, ABT Organizations: CNBC, Nvidia, Nasdaq, Apple, Abbott Laboratories, Coterra Energy Locations: China, NVDA, CTRA

☆ We're adding to our geopolitical hedge and a struggling health-care stock
▼ + stars: | 2024-05-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We are buying 55 shares of Abbott Laboratories at roughly $100.89 and 200 shares of Coterra Energy at roughly $27.44. The stock continues to slide along with many other names in health care as investors focus mainly on the artificial intelligence trade. We're adding to Coterra because we want to more energy exposure on our books due to the rising geopolitical tensions in the Middle East. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, Abbott, There's, ABT, Jim Cramer, Jim, Brandon Bell Organizations: Abbott Laboratories, Coterra Energy, ABT, CTRA, Abbott Labs, ConocoPhillips, CNBC, Getty Locations: Monahans , Texas

☆ AI-driven boost in PC and smartphone upgrades benefits these 5 stocks
▼ + stars: | 2024-05-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

At its annual Worldwide Developers Conference next month, it's believed that Apple will share more information about an expected AI-integrated iPhone. Jim Cramer has said that new AI capabilities on devices and for devices will usher in the " greatest refresh cycle in history ." Wireless stands to benefit from the expected increase in iPhone sales because Apple is one of Broadcom's largest customers. If there's a surge in PC sales, in particular, this could boost both Nvidia's Gaming and Professional Visualization segments. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Satya Nadella, it's, Jim Cramer, It's, Tim Cook, Jim, iPhones, Jim Cramer's, Eugene Mymrin Organizations: Microsoft, Developers Conference, Apple, Broadcom, Nvidia, Computing, Windows, Revenue, Shareholders, China Academy of Information, Communications Technology, Broadcom Wireless, Broadcom's Semiconductor, Nvidia's Gaming, Club, HP Inc, Dell, CNBC Locations: China

☆ We're cutting our price target on Salesforce after mixed earnings, soft guidance
▼ + stars: | 2024-05-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The company's balance of margin expansion with the potential for faster top-line growth should lead to strong earnings growth. Non-GAAP operating margin benefited from the lower cost of revenues, sales and marketing, and general and administrative expenses. Management reduced its revenue growth forecast for the subscription and support business to slightly below 10% over last year. The adjusted operating margin target of 32.5% was reaffirmed and is in line with expectations. For the second quarter, Salesforce estimates revenues of $9.2 to $9.25 billion, below the $9.345 billion estimate.

Persons: Salesforce isn't, Brian Millham, Marc Benioff, we've, Salesforce, That's, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Revenue, LSEG, SAP, Microsoft, Nvidia, CRM, Management, buybacks, CNBC, Bloomberg, Getty Locations: San Francisco , California, U.S

☆ Wells Fargo CEO talks up reasons to love the stock — plus, what's behind the market drop
▼ + stars: | 2024-05-29 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Apple and Nvidia, our two "own, don't trade" stocks were also the top performers among the entire 33 stock Club portfolio. When the Federal Reserve at some point removes its asset cap on Wells Fargo, Scharf said corporate lending and trading will be areas of growth for the bank. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, Hess, Merck, Morgan Chittum, Charlie Scharf, Scharf, Wells, Wells Fargo's, " Scharf, it's, Wells Fargo, Eli Lilly, CNBC's David Faber, Locker, Jim Cramer's, Jim Organizations: CNBC, Dow, Nvidia, American Airlines, Tech, Apple, Microsoft, ConocoPhillips, Chevron, Banking, Investing Club, Wells, Bernstein's, Investment Banking, Wealth Management, Federal Reserve, FDA, Club, Costco, Broadcom, Jim Cramer's Charitable Locations: Wells Fargo

☆ Apple's iPhone shipments to China surged in April. Jim Cramer says there's more to the story
▼ + stars: | 2024-05-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. In response, Jim Cramer said, "Nvidia is capturing so much of the mindshare that maybe people are selling [the broader market] to make a bigger position in Nvidia." The Club shares similar sentiments to the Wall Street firms — saying a break up is a win for shareholders. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jim, shouldn't, DuPont's, Ed Breen's, Jim Cramer's, DOV, NVDA Organizations: CNBC, Nasdaq, Nvidia, Dow Jones Industrial, Apple, China Academy of Information, Communications Technology, UBS, Citi, DuPont, BMO Capital, Wells, Wells Fargo Securities, Wall Street Locations: China, Wells Fargo, Dover

☆ Why Eli Lilly shares should be up on its latest news, plus Nvidia keeps rolling
▼ + stars: | 2024-05-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

"There's not enough money to take up Nvidia this much and the rest of the market," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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. Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024.

Persons: Jim Cramer, Salesforce, CNBC's David Faber, Lilly, Eli Lilly, Cramer, Abercrombie &, Jim Cramer's, Jim, Jensen Huang, David Paul Morris Organizations: CNBC, Nvidia, Nasdaq, Management, Abercrombie, Abercrombie & Fitch, Chewy, Dick's Sporting Goods, Advance, Jim Cramer's Charitable, Technology, Bloomberg, Getty Locations: Informatica, HubSpot, Indiana, San Jose , California

☆ Take profits or let it ride — undecided Nvidia investors should ask themselves 3 questions
▼ + stars: | 2024-05-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Last week, we explored the question: Can investors with little to no shares still buy Nvidia after these record runs? We aren't saying run out and sell shares right now if you are sitting on huge paper profits. Through the years, Nvidia shares have hit pockets of turbulence. This Nvidia run is being driven by investments into AI infrastructure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jensen Huang, Jensen, Jim Cramer, It's, Nvidia —, We've, Eaton, we've, Jim Cramer's, Jim, David Paul Morris Organizations: Nvidia, Devices, Intel, Blackwell, Club, Apple, Broadcom, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: overbought, San Jose , California

☆ Amazon is winning the biggest dollar share of new retail spending — and by a lot
▼ + stars: | 2024-05-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Amazon is winning the biggest dollar share of new retail spending — both online and brick-and-mortar — and it's not even close. AMZN YTD mountain AMZN stock performance year-to-date. Morgan Stanley said Walmart 's performance this year is "not too shabby" but a distant second to Amazon. Amazon has been benefitting from the consumer's continued shift to buying stuff online, a trend that should benefit AMZN stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: it's, Morgan Stanley, Zev Fima, Amazon's, We've, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Walmart, Management, Deal, CNBC, Getty Locations: America

☆ We're initiating a position in a turnaround stock and buying more of another name
▼ + stars: | 2024-05-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Shortly after the opening bell, we will initiate a position in Dover by buying 100 shares at roughly $184.20. Meanwhile, total revenue was up 1% — the first positive growth since the first quarter of last year — to $2.09 billion, ahead of the expected $2.03 billion. That business posted 9.2% organic growth and total revenues of $543 million, far above the expected $495 million. Another standout business was pumps and process solutions, which had 4.5% organic growth and total revenue of $466 million, beating the expected $441 million consensus estimate. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, DOV, We'll, Jim Cramer, Jim Organizations: DuPont, Dupont, Management, Dover, Citi, CNBC Locations: Dover

☆ Eli Lilly's big GLP-1 investment — plus, what we want from 4 portfolio stock earnings
▼ + stars: | 2024-05-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Wall Street was bouncing higher Friday after, as Jim Cramer put it, a "really bad day" in the prior session. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, Thursday's, Goldman Sachs, Cramer, Eli Lilly, Locker, Mary Dillon, Nike isn't, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Novo Nordisk, Costco, Nike, Jim Cramer's Charitable Locations: America, Indiana

☆ Wells Fargo goes on quiet hiring spree to expand from lending. What it means for the stock
▼ + stars: | 2024-05-24 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

He added, "Wells Fargo could fetch a higher multiple in the market as a result." A Wells Fargo spokesperson declined to comment on the total number of CIB-related hires across all levels in the division. Wells Fargo and other banks have benefited in recent years as the Federal Reserve began hiking interest rates in March 2022. More recent data indicates that Wells Fargo's investment banking revenue share globally has jumped to No. A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.

Persons: Wells, Wells Fargo, JPMorgan Chase, Jeff Marks, Charlie Scharf, Scharf, Doug Braunstein, Braunstein, Fernando Rivas, Rivas, Jonathan Weiss, Weiss, Piper Sandler, Wells Fargo's Scharf, NII, Kroger, Scharf's, Scott Siefers, Siefers, Jim Cramer's, Jim Cramer, Jim Organizations: Wall, CNBC, JPMorgan, CIB, Wells, North American Investment Banking, Barclays, Deutsche Bank, Suisse —, Management, Federal Reserve, Fed, Albertson's, Federal Trade Commission, Currency Locations: Wells Fargo, Americas, U.S, IPOs, Wells, New York City

☆ Nvidia stock keeps hitting records. Can investors with little to no shares still buy?
▼ + stars: | 2024-05-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While known for sizeable pullbacks in the past, the upward trajectory of Nvidia's stock last year and this year cannot be denied. We've been in Nvidia stock since 2019, years before the AI revolution was sparked by ChatGPT's viral moment shortly after its late 2022 launch. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. With that, let's think about Nvidia stock from the perspective of a long-term investor— and that's the key consideration, the investment horizon. At the beginning of the year, Nvidia stock traded at $481 per share on a $20.80 forward earnings estimate or a forward P/E multiple of 23 times.

Persons: We've, Jim, —, Jensen Huang, Leonardo da Vinci, Jim —, it's, It's, you've, Nvidia's, Colette Kress, Tesla, Kress, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Nvidia, Club, Apple, Enterprise, Devices, Intel, Investing, GE, NVIDIA, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ DuPont's split into three companies is a win for shareholders: Here's the math
▼ + stars: | 2024-05-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

If we apply a multiple of 21.6 on DuPont's business, it puts the enterprise value at $25 billion. So being conservative and using a 20 times multiple, DuPont's water business could have an enterprise value of $7.2 billion. Add these three up and the total enterprise value is about $52 billion. To get the equity value, we subtract the net debt (which is total debt minus cash) from the total enterprise value. If we subtract this from the $52 billion enterprise value, the total equity value could be worth $46.2 billion.

Persons: Ed Breen, DuPont's, Breen, —, Jim Cramer's, Jim Cramer, Jim, Dow DuPont, Adam Jeffery Organizations: DuPont, Electric, United Technologies, CNBC, Dow

☆ We're trying to make sense of this crazy day on Wall Street, with the market sinking but Nvidia holding strong
▼ + stars: | 2024-05-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Dow, Cash, DuPont, Jefferies, Thursday's, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Reserve, Nasdaq, DuPont, Ross Stores, Intuit, Jim Cramer's Charitable Locations: Dover, Mizuho

☆ We maintain our rating on Ford shares after a bullish Street initiation
▼ + stars: | 2024-05-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. We welcome the bullish call, but maintain a 2 rating on F shares. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, chipmaker, Jim, Bernstein, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Treasury, P Global, PMI, Dow Jones, DuPont de Nemours, DuPont, Ford Motor Locations: U.S

☆ Nvidia crushes sky-high expectations and charts continued AI-driven dominance for years to come
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

In what was the most anticipated quarter this earnings season, Nvidia far outpaced lofty expectations on the top and bottom lines. Adjusted gross margin of 78.9% also beat the Street's 77.2% estimate, according to market data platform FactSet. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Nvidia said Tesla's use of Nvidia AI infrastructure "paved the way" for the "breakthrough performance" of full self-driving version 12. Kress expects sovereign AI revenue to approach the high single-digit billions of dollars this year from nothing last year.

Persons: Jensen Huang, Blackwell, here's, Jensen, it's, It's, Colette Kress, Kress, Hopper, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Oracle, Microsoft, Infrastructure, Blackwell, Capital, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: China, U.S, San Jose , California

☆ Transition to next-generation AI chips and 2 other pressing questions ahead of Nvidia's earnings
▼ + stars: | 2024-05-22 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Nvidia's Hopper chips include the H100, which was announced in 2022 and faced severe supply shortages last year as the AI gold rush intensified. Tuesday's AWS news represents a pushout in demand for Nvidia chips, not a loss of it. That would be the so-called "digestion" phase for AI chips that Wall Street has been speculating about since last year. If anything, AWS deciding to wait for the more-powerful Blackwell chips could mean the digestion phase is further out on the horizon than initially thought. Unlike last year, when Nvidia's chips were in such short supply, there are now rival chips out there, such as AMD's MI300X, which is angling for a corner of the inferencing market .

Persons: you've, it's, Jim Cramer, Hopper, Blackwell, Nvidia's Hopper, There's, Grace Hopper Superchip, Kimberly Powell, Powell, Jim Cramer's, Jim, Jensen Huang, Justin Sullivan Organizations: Nvidia, Blackwell, Amazon Web Services, CNBC, NVIDIA, AWS, Club, SAP Center Locations: Hopper, Ceiba, San Jose , California

☆ The stock market gets nailed by the Fed, again. Plus, Starbucks' quiet comeback
▼ + stars: | 2024-05-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

One Club stock standout Wednesday was off-price retailer TJX after the T.J. Maxx, Marshalls and HomeGoods owner's solid quarter. The recent action in the Club stock has us wondering if a big buyer is lurking out there. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, Ralph Lauren, Jim Cramer's, Jim Organizations: CNBC, Federal, Club, Marshalls, Nvidia, Moderna, Tech, Enphase Energy, Corp, BJ's Wholesale, Jim Cramer's Charitable Locations: Maxx

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