CNBC Investing Club: Cramer’s Morning Take on Nvidia 8/12/26

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

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

**SPEAKER_3** (0:02)
to most quarterly earnings...

**SPEAKER_2** (0:04)
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**Jim Cramer** (0:31)
I learned it from my adoptive mom.

**SPEAKER_2** (0:33)
Hold my hand.

**SPEAKER_3** (0:33)
You hold my hand. Learn about adopting a team from foster care at adoptuskids.org. You can't imagine the reward. Brought to you by AdoptUSKids, the US. Department of Health and Human Services and the Ad Council.

**Jim Cramer** (0:47)
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.
Remember, we just want the Fed to... We just want a maledicture so we can focus on the fundamentals. What a maledicture for focusing on, say, a core weave, which has reignited the data center more even than the $500 billion consortium put together by Jensen Ma.

**SPEAKER_1** (1:27)
Yeah, revenue strong here. You had CEO Michael Intrader on Squawk. Backlog up big, not even including $25 billion of a new commitment in the third quarter. Perhaps most interesting was these older generation Nvidia chips still generating returns, which goes back to that consortium announced late Monday.
Core Weave said the company recently signed an A100 contract that extends into 2029 at an attractive price, and that SKU was introduced in 2020 So these are older chips, pre-blackwell, yeah, pre-blackwell.

**Jim Cramer** (2:03)
Right, A100. I think one of the things that was important, if you listen closely to Michael Intrader, he's saying it is Nvidia that's the length.
No one's talking about Trinium, and no one's talking, which is Amazon, and no one's talking about anything at TPU by Google. It's entirely possible. But what's very clear is that Nvidia chips and their software more than hold their value, which is why you have a very good chance to see this stock break out. I think it can break out right here, right now, even ahead of when they report the court.

**SPEAKER_1** (2:36)
And we had South Korea's KOSPI overnight. That was up 4%.

**SPEAKER_2** (2:39)
And what is that?

**Jim Cramer** (2:40)
And what is that dispositive of? Microt.

**SPEAKER_1** (2:44)
Right. It's a big, two big stocks over there, SK Hynex and Samsung.

**SPEAKER_2** (2:49)
So think about the big three in memory.

**Jim Cramer** (2:52)
Talk about that tomorrow at the 12 o'clock.

**SPEAKER_1** (2:55)
Yeah, and we put on a position yesterday, right after they spoke at a KeyBank conference, where they indicated strong demand on Monday. And the stock, of course, has pulled back significantly from the high. We know a lot of that was due to unwind of leverage related to the blow up of situational awareness, AI-focused hedge fund.

**Jim Cramer** (3:17)
But also remember, it trades with SK Hynex, and it trades with Samsung. They trade in Korea, and the Korean market, they unwound a lot of leverage, because the government didn't like it. So those compress the price of Micron. But Korea was up last night, for the first time, had a big move. And that makes it so that people are going to really flock to Micron, which is six times earlier.

**SPEAKER_3** (3:41)
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**Jim Cramer** (4:13)
Courage. I learned it from my adoptive mom.

**SPEAKER_2** (4:16)
Hold my hand. You hold my hand.

**SPEAKER_3** (4:20)
Learn about adopting a team from foster care at adoptuskids.org. You can't imagine the reward. Brought to you by AdoptUSKids, the US Department of Health and Human Services and the Ad Council.