CNBC Investing Club: Cramer’s Morning Take on Corning 5/11/26

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Jim Cramer (1:02)

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.

Jeff Marks (1:24)

You explored the idea, is it too late to get into some of these data center names? It was a great PC road over the weekend, with Micron being one that's front and center after it just continues to go parabolic here.

Jim Cramer (1:41)

A lot of what I wrote was that you're late, but it doesn't matter that you're late, which is really incredible. Late has always meant, you come in here, you're obviously not early. I mean, this is early, this is late. But that somehow late is not keeping people from buying, like this company ViCore that I'm looking at today, it's up 40 points. Or I mean, frankly, Corning was up six, then seven, then eight, then 10

AMD was up 17th in the get-go. Qualcomm, which is no relation to what we're talking about, was up 22

No relation because it's cell phone. It has nothing to do with it. ARM was saying that cell phone was weak, could be negative, but there's Qualcomm going on. There's no rhyme or reason to some of these stocks. And when there's no rhyme or reason, that's late. At the same time, when you look at a Wells Fargo or a Capital One, you know that those are going down, I think, because of credit concerns, of which there are many. And it's become difficult while oil goes up to see those stocks reflective of the consumer who's hurting from the higher price of oil.

Jeff Marks (2:50)

Yeah, and you mentioned Corning. It was added to the Bank of America's US One List. No reason provided, but last week, the analysts raised their price target to 223 from 186, maintaining the buy. We just heard from Wendell Weeks, the CEO last week. He was on Mad Money to discuss the Investor Day, but also that big partnership with NVIDIA, where they are 10Xing their optical solutions capacity and increasing US fiber production by 50%.

Jim Cramer (3:13)

He came on air with Jensen. Now, the problem that we have is a problem a lot of people have, which is, okay, so we have a basis that is dramatically lower. Do we sell some?

Obviously, we can't because I talked about it.

Jeff Marks (3:32)

Yeah. It's a great question. I think the NVIDIA part, obviously, look at the stocks, incentives really change the story. I think with the 180 strike that he put on there, you could argue go higher from 180

Jim Cramer (3:46)

I would argue that it should have been above that when he did it. I mean, momentum was up a lot when he did it.

Jeff Marks (3:53)

Marvell was up huge after they made that investment.

Jim Cramer (3:57)

People were surprisingly not buying it, and now they are. It's like a delayed reaction. I do think that as someone who has been a responsible investor, I hope I would trim some.

Jeff Marks (4:11)

Okay. So something to think about there because it's up 130 percent.

Jim Cramer (4:16)

That's not my style. I mean, 130 percent, you take something off. Everything can't be wrong that I've learned in 42 years.

SPEAKER_6 (4:26)

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