Cramer's Morning Take: Nvidia & Corning 10/29/25

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Jim Cramer (0:10)

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Jim Cramer (0:47)

Hey, it's Cramer, and this is my morning take on the market from today's CNBC Investing Club Morning Meeting. The issue that I find is when I look at NVIDIA, everyone wants to write on NVIDIA. Everybody wants to write on NVIDIA. But the Chinese have been saying, wait a second, we can write on Huawei. They were writing on NVIDIA. If the government, our government says, you know what, we're gonna give you good chips in return for Rare Earth, not Fentanyl, but Rare Earth.

David Faber (1:18)

Well, they are looking to reduce the Fentanyl tariff by 10%.

Jim Cramer (1:21)

Right, but I'm saying that you got that soy benefit.

David Faber (1:25)

Buying soy.

Jim Cramer (1:26)

It could be that this is a major size mischief within the White House. There's David Sacks, the crypto man. And he is saying, listen, we gotta hope the Chinese want our own product. And then there's Peter Navarro who says, listen, if we give that to them, they're gonna be militarily self-sufficient because he believes that the PLA runs the country. So, I would say this is a big win. What's happened is the president has decided to go with the globalists and that's a very big thing.

David Faber (1:53)

Yeah, and by the way, it's sending shares of a lot of AI-related names higher today. Broadcom, 2% move.

Jim Cramer (1:58)

Yes.

David Faber (1:59)

Corning, by the way, snapping back after yesterday's sell-off.

Jim Cramer (2:01)

We should have talked about that in relation to Boeing. But first, this is something that we saw and we said it shouldn't be down. We're gonna buy some. This is what we were hoping would happen. And I said yesterday on our call, I was hoping. And we bought some shortly after the presentation.

David Faber (2:16)

Yeah, shortly after the opening bell. I mean, look, I think the only thing is I was kind of hoping it would be down for a couple more days to buy more. But it's a big snap back to the 52 week high.

Jim Cramer (2:25)

And it's not done. Because Faber is going to take over the data center.

David Faber (2:30)

Well, so the thesis was, again, was that it's really their sales to enterprise customers, hyperscale data centers. And that was actually a beat, even though the optical segment actually wasn't missed. So it was weakness in telecom. But the hyperscale was a beat, thesis intact, you want to buy.

Jim Cramer (2:49)

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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, NBC Universal or their 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 your 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. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Cramer. To view the full CNBC Investing Club Disclaimer, please visit cnbc.com/investingclubdisclaimer.

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