CNBC Investing Club: Cramer’s Morning Take on Amazon & Alphabet 3/10/26

SPEAKER_1 (0:00)

Oh, could this vintage store be any cuter?

SPEAKER_2 (0:03)

Right, and the best part, they accept Discover.

SPEAKER_1 (0:06)

Accept Discover? In a little place like this? I don't think so, Jennifer.

SPEAKER_2 (0:10)

Oh, yeah, huh.

SPEAKER_3 (0:11)

Discover's accepted where I like to shop. Come on, baby, get with the times.

SPEAKER_1 (0:16)

Right, so we shouldn't get the parachute pets?

SPEAKER_2 (0:19)

These are making a comeback.

SPEAKER_3 (0:22)

I think.

SPEAKER_2 (0:23)

Discover is accepted at 99% of places that take credit cards nationwide. Based on the February 2025 Nielsen Report.

SPEAKER_3 (0:30)

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Jim Cramer (1:01)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take. Look, here's what NVIDIA is doing, okay? NVIDIA has a chip that's just for inference, and I think they're going to reveal that, and the chip is going to be under the price of Google and Amazon. So right now, Google and Amazon think that NVIDIA is always too expensive. They are going to make it under the price of the chip. Yes, and I think that's really important, because a lot of people feel NVIDIA is the Lamborghini and that all you need is the F-150. That's how you have to think about it. Lamborghini versus F-150.

SPEAKER_5 (1:49)

Well, Truett says the event could be a positive. It's likely a positive catalyst. It's the Super Bowl of AI, so get ready to say that 100 times next week.

Jim Cramer (1:57)

By the way, when you're there, you'll see HP, you'll see Neary HP, it'll call you over. It'll say, let me show you what NVIDIA does. NVIDIA looks at you and then it develops you in maybe two seconds. It's kind of daunting.

SPEAKER_5 (2:11)

So Truett says, look for updates on supply, demand, market growth, trends. But the catalyst would be that supply, production and demand all align to support continued growth. Market, maybe there's been some fear that the numbers aren't as sustainable. But we keep hearing from all the hyperscalers that they plan to address and invest in.

Jim Cramer (2:30)

Oh yeah. And Jensen, remember, he went to South Korea and he locked up a huge amount of memory from Hynix and from Samsung. They make the most microns, a distant third. So he thought about this. And one of the things we were laughing about back and forth with NVIDIA was, I sat at lunch with Jensen and he said, this is two years ago, the gating factor will be memory. You got to buy all the memory in the world. And I said, well, you're telling everybody that? He goes, well, I'm not going to tell you anything. I didn't tell everybody because he doesn't give me that information. But there he was saying, listen, memory is going to be in short supply. And I'm just sitting there saying, what? Memory, there's so much memory. But he knew.

SPEAKER_5 (3:10)

Well, speaking of memory, maybe we're starting to see it impact some of Taiwan Semi's numbers, their Feb sales were out this morning. A seasonal slowdown in February, down 20.8% month over month. It is less days. Keep that in mind, too. 22.2% year over year. But it sounds like AI is still strong, but the memory impacting some consumer markets could be an issue.

Jim Cramer (3:32)

But I think this is going to be a good day for the hyperscalers because the money is going away from the phone. The money is going business to business. It'll be a good day, I think, for Alphabet, if you haven't bought any yet. The Amazon note is very, very positive that I saw. Microsoft is actually doing something. It's not great. I don't want to tell anyone to buy Microsoft here. But I think buying Amazon and buying small Google is very right. I say small only because it's already moved a little bit. By the way, Broadcom, also good.

SPEAKER_1 (4:06)

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