Cramer's Morning Take: Apple 6/3/25

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Jim Cramer (1:01)

Hey, it's Cramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

Jeff Marks (1:07)

Just going back to data centers for a moment, there were a lot of notes out on NVIDIA today. Stock is higher. Citi talking about its networking side of the business.

Jim Cramer (1:14)

It's breaking through 140

Jeff Marks (1:15)

Right, not the compute, the GPUs.

Jim Cramer (1:16)

Through 140 is a very significant area.

Jeff Marks (1:19)

SpectrumX sales, and this comes just a few days before. Broadcom is going to report on Thursday.

Jim Cramer (1:25)

We still have a lot of NVIDIA, and we have a lot of Broadcom, and I'm very proud that we do. We do have too much Apple, but CoreWeave is incredible. We do have too much Apple, but I think they'll become a moment where Apple's negativity will be neutralized. It's not here yet. I don't know what level. I know the shorts continue to build, but when I look at deals like Apple could do with perplexity, that Apple can do any deal at once because they have the one thing nobody else have. They've got the install base, 1.3 billion people, but 2 billion devices. I don't know how they have billions of people. That could be that you have more. You have Mac.

Jeff Marks (2:04)

Well, it's like I got an iPhone. I got a Macbook, right? So there's two, AirPods, you know, so.

Jim Cramer (2:12)

Right. But I do think that there's, when I look at that, you know, I returned my phone when I bought my phone. I returned it to a reseller. And I said, well, you can do that. And he said, this is, we go to Brazil. So how does Brazil, what's the count there too? I mean, I know it's, I think that Apple's undercounted. We do have the, the developers conference next week. Typically nothing has come out of it, but with the stock down here, maybe someone latches on to something. I'm just, I'm not trying to foment a reason on Apple. I'm just saying that the stock has come down and when it gets to this one night, you know, it shouldn't retreat to here, most likely, but I do think it's the straight down.

Jeff Marks (2:49)

Well, you know, maybe something people are hoping for is that they announce some type of deal with one of these large language models, right? So you had Alphabet yesterday falls after Samsung reportedly is in talks with Perplexity to make that a default on their phones. And then today there's a story about Apple also eyeing Perplexity as a search alternative.

Jim Cramer (3:10)

Right.

Jeff Marks (3:11)

So we'll have to see coming out of WWDC.

Jim Cramer (3:13)

Watch it closely. Start your day with my outlook on the market every morning. Visit cnbc.com/morningtake to become a CNBC Investing Club member at a special rate today.

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