CNBC Investing Club: Cramer’s Morning Take on Nvidia 6/1/26

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Jim Cramer (0:59)

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.

SPEAKER_4 (1:21)

From an index perspective, it looks muted. A lot of that has to do with a nice move in Nvidia at this Taiwan's Computex conference this morning where they unveiled a new ARM-based custom N1X processor made alongside Microsoft.

Jim Cramer (1:39)

Yes, that was amazing. There was so much that was amazing. Nvidia obviously linked with our ARM holdings that stock's been a double now for us.

Nvidia, by the way, was at 316, at 348, and then their buyback has to be done at 350

SPEAKER_4 (1:58)

This was last Friday, some rebalancing, perhaps.

Jim Cramer (2:02)

Just like that. Because there's no buyback, there's no on a weekly Friday, they're going to have to fix these. I'm going to be after them to fix this. They will respond fully because they sometimes respond to ridicule and that's what's headed their way.

This is a gigantic stock because of the way they did the rebalance and how they hide it. There was no buyer to take advantage of it. Well, now we've got people buying it, it's up 10 Do I think it should be up 10? I have to tell you, I was listening to everything. This is a paradigm shift. He's going to move into a whole new market which are PCs. Yes. He's got the whole new market of the France and Indonesia. He's talking about these big.

Look, I think the sovereign market is very big. Then he de-emphasized almost entirely Amazon, nothing mentioned Amazon. He took a shot at Alphabet by saying, listen, they actually want our chips. So this was like a line in the sand. Guys, I know you've got these great chips, but they're not worth what you think they are because they don't come with the stack.

SPEAKER_4 (3:02)

Yeah, this processor will be incorporated into the new RTX Spark debuting this fall. It's a new line of Windows PCs built for personal AI agents. Jensen said, this reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone.

We mentioned good for Nvidia, good for ARM. ARM probably the biggest winner here, good for Microsoft, negative Intel, AMD, Qualcomm.

But we also have a Verin Rubin update and they're ramping full production of the Verin Rubin platform. It's offering up to 1.8 times the performance of x86 systems, that's AMD Intel, and 10 times agent throughput versus Blackwell. Nvidia also says it offers 10 times lower cost per token. Maybe that's the shot against the chips of Amazon.

Jim Cramer (3:54)

Absolutely. Remember, what he's saying is that there is money now being made. Compute equals money.

SPEAKER_1 (4:02)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

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