Cramer's Morning Take: Nvidia 11/10/25

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Jim Cramer (0:32)

I'm Jim Cramer and you're about to hear a sample taken directly from today's CNBC Investing Club morning meeting. One of the things I really want to mention is that I want to distinguish between OpenAI and everybody else. Sam Altman is off the rails. He's no Alex Karp. He's not making money. The reason I think Karp is allowed to say the things he does is that it's a hyper profitable company that may be high. OpenAI is the opposite. I just think that that is the biggest problem with this market is their endless spend and inability for anyone to rein it in.

Otherwise, everyone would be buying Nvidia again instead of selling Nvidia. Nvidia is being hurt, I think, by Sam Altman because what people are saying is, well, he's never going to get those orders. That said, I think he is going to get those orders. And I still like the stock. I told many of the people who had so many millionaires, and they showed me their statements. So many millionaires we made with the club. And by the way, this is how people get a lot of their news. It's just this, what we do. They went to 10 minutes. Someone said, could you give us 11 minutes? I said, I'll talk it over with Jeff.

SPEAKER_1 (1:43)

Well, I think we can make that happen. But Nvidia is still the center of the universe. There was a story today, Taiwan Semi reported about how they're trying to get Taiwan Semi to make even more wafers to meet demand. Citi, they open up an upside 30-day short-term positive view on Nvidia, expecting a beaten raise. And there's this note by Melius Research that brings up five topics that will probably come up on the conference call, whether it's the sustainability of CapEx growth, exactly what did Jensen mean with his recent comments about China winning the AI race, and then some other things. There are plans for free cash flow and some clarity on that $500 billion worth of orders for Blackwell and Rubin Jensen made at GTC the other week. So we're getting close to earnings. I think it's next week. Yeah.

Jim Cramer (2:33)

But we do have CoreWeave tomorrow and that will also indicate that short-term Nvidia because Nvidia is the sponsor of CoreWeave. They have a very close relationship with CoreWeave says. The issue within, there's twofold issue with China and I have no China in the numbers as he always says. One is that, well, we wouldn't let them have the best. But people keep forgetting the Chinese were unwilling to buy the third best, you know, the markdown ones. And that could change. The Chinese could buy and I say that because Chinese are loosening on raw materials. Chinese are loosening on ships. They could, they're more of a problem than people realize.

SPEAKER_2 (3:09)

Yep.

Jim Cramer (3:12)

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