CNBC Investing Club: Cramer’s Morning Take on IBM 7/14/26

**SPEAKER_1** (0:00)
The board recommends approving.

**SPEAKER_2** (0:01)
Regarding that seat on the committee, we're promoting to most quarterly earnings.

**SPEAKER_1** (0:04)
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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 10:20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

**Jeff Marks** (1:23)
There's so many movers in the market today. We're going to talk banks, but before we do that, I think we have to touch on this IBM pre-announcement because shares are plummeting after a negative pre-announcing results. It's hurting all software, but revenue, EPS, both lighter than expected. The company said in the last few weeks of June, we saw clients shift their quarterly cap expense towards servers, storage and memory purchases to secure supply-constrained infrastructure ahead of expected price increases. They also talked about clients were distracted with rapidly evolving industry-wide cybersecurity concerns.

**Jim Cramer** (1:59)
Okay, so cybersecurity in this case is mythos, and that was a boom for CrowdStrike and for Palo Alto. Storage is going to be Dell, which I've confirmed is getting business, HPE. And memory is Micron, SK Hynix, Samsung, and also some of the components we have, including Corning.

**Jeff Marks** (2:17)
So a lot of pin action off of this pre-announcing. Yeah, look, on Cyber, I remember when Palo Alto CEO Nikesh Awara was on Mad Money discussing the latest results in June. And he said the company fielded 1200 customer inquiries just in the recent weeks from organizations seeking guidance on how to prepare for AI risk. And just to give you some perspective, they had 1200 meetings in the whole last year. So they're just seeing tons of activity because people are so worried about getting hacked.
Makes a lot of sense.

**Jim Cramer** (2:49)
You know, look, everyone's asking is it one time? And the answer is it may not be one time. And that's why the stock is down as hard as it is. I'm glad we own both Palo Alto and CrowdStrike.

**Jeff Marks** (3:01)
We recognize it. And I think we should acknowledge just the other day, there was a story about Starbucks talking about trying to use build AI tools to replace Microsoft and replace IBM.

**Jim Cramer** (3:14)
So Brian Nickel, who runs Starbucks, he's trying to find everything he can, everything he can, every penny he can. And that's why the stock has been such a powerhouse.

**Jeff Marks** (3:27)
Yeah. So again, it's one of those days where software down off of this IBM pre-announcement, Semi is doing well.

**SPEAKER_2** (3:37)
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