CNBC Investing Club: Cramer’s Morning Take on SpaceX & Anthropic 6/10/26

SPEAKER_1 (0:00)

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Jim Cramer (0:55)

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.

I think that the idea that we are discovering that the SpaceX deal is four times over subscribed is giving people a little bit of confidence that you don't necessarily have to sell. I still felt like that we should get out of the woods and sell some, eat so that we can buy some things when we get through this period. And if you don't have any cash, you can't buy anything.

SPEAKER_3 (1:43)

Yeah, I think that getting cash close to 12%. I feel great about that. Still a lot of crosswinds out there. Do you have the SpaceX IPO in the background? We do have the US and Iran exchanging strikes. That is causing oil to get up to 90

But one of the big, bad, a hurdle that we had to get past was CPI this morning. Could have been worse.

Jim Cramer (2:09)

Yeah, I mean, all these people came on immediately, so it was really bad. I mean, the main thing was gasoline, knockout gasoline, and you actually were fine. And don't forget, gasoline reverberates throughout the system, particularly diesel. So the idea, because airlines were up. The idea was some of the...

SPEAKER_3 (2:22)

Advertisers put surcharges on.

Jim Cramer (2:23)

Yeah, the idea was bad numbers, was just the kind of thing that people want to hear and want to say, and they ought to be a little more rigorous. I do think that one of the things that we still, we haven't really seen is the effect of tariffs.

They should be, they were kind of baked in the system. They're not bad. That's another thing I just say is artificial. We have a lot of artificial inflation. It's not real.

SPEAKER_3 (2:47)

Yeah, on energy, the energy index accounted for over 60% of all the monthly items increase. But core CPI, still up 2.9 year over year, but a little softer than it anticipated month over month. So maybe there are some...

Jim Cramer (3:01)

I think it took the pressure off the bond market. Okay, we want that.

It took the pressure off of some of our tech because tech is heavily related to long dated assets, which are competing against bonds. So I looked at it and I say, you know what? We are almost being able to look through, can't yet, the SpaceX deal to the Anthropic deal. And Anthropic deal is going to be when you went in, I don't care what the price is. I know that you should never say that, but it's a company that I think can project profitability rather quickly. The only one of the three, though.

SPEAKER_3 (3:31)

Supermicro, the latest to raise money. They're raising $7 billion to help fund around $39 billion in AI server orders for more than 20 customers during the past two weeks.

Jim Cramer (3:39)

Well, I think it's the reputation that makes it so they're having a problem, not necessarily the fund raise. The reputation is now terrible. It's one of the reasons why Dell did so well and HPE did so well. So I think that you don't want to be in this thing at any price.

SPEAKER_4 (3:54)

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 their 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.