Cramer's Morning Take: Alphabet 12/10/24

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Jim Cramer (1:02)

I'm Jim Cramer, and you're about to hear a sample taken directly from today's CNBC Investing Club morning meeting.

Jeff Marks (1:10)

We do have yields moving up a little bit. You got the 10-year-over 4.2.

Jim Cramer (1:14)

I'm nervous about that. I know really smart people who are shorting bonds very aggressively, who tend to not be short bonds, a little change in posture. Be aware that the bond guys that I deal with, who are the best, are anti-bonds right here.

Jeff Marks (1:27)

Yeah, we'll see with CPI tomorrow. Key data point there. But let's start off with this alphabet term we made this morning. Stock, so they made an announcement yesterday, but it's really getting the attention today, this quantum computing breakthrough, where they're quantum computer using its new Willow chip. It took five minutes to solve a math problem that a supercomputer would need around 10 septillion years to complete. But still, the business case of monetization strategy around it is still very unclear, but it's adding a lot of market cap today.

Jim Cramer (2:02)

And I felt compelled by the discussion this morning, like you'd be behind the scenes, where I just said, okay, I've been looking at Mag-7, I've been thinking about Apple, by the way, also thinking about Nvidia, and saying, you know what, we have had these for ever. And it's time to recognize that something has to give, that you can't have a 10-point gain on an article, and it's worth it to trim a little. And we did from a lot from 2014

Jeff Marks (2:29)

Yeah, these were lots that date back a very long time. And still some reservations over antitrust. You know, Jonathan Kanner was on Squawk Box earlier.

Jim Cramer (2:39)

Look, the new antitrust person, Vance is very much in favor of having very tough antitrust enforcement.

Jeff Marks (2:47)

Anti-big tech.

Jim Cramer (2:48)

Yeah, and the person who became the head of the Attorney General for antitrust is one of his associates, someone who worked for him. So that was something, you know, a SOP, what do you want to call it by President-elect Trump to say, listen, you can handle this. Now, he has been probably the foremost activist against big tech as a way to suppress freedom of speech, including the idea that maybe the Q, I've tried this by the way, it doesn't come up, the Q stretches toward left-wing pieces. I've not found that, but you know what? Maybe he's done more of a study than I have, but the idea that they're going to be unscathed is silly. Yeah. Start your day with my outlook on the daily market every morning at 10:20 a.m. Visit cnbc.com/morningtake to access all the benefits of being a CNBC Investing Club member.

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