Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 and Nasdaq touched record highs on Wednesday on progress toward a possible U.S.-Iran peace deal. “Oil went down, interest rates [bond yields] went down, and that allowed a roaring tech rally,” Jim Cramer said. AI and data center infrastructure stocks continued to lead the market higher, helped by a new optical fiber partnership between Corning and Nvidia . “It does matter,” Cramer said, reiterating his view that the economy is increasingly being driven by compute and AI. Corning shares rose 11%. We’re putting together a story on all of Corning’s Investor Day news, including new guidance. Check your inboxes and texts shortly for our alert. 2. Shares of Arm Holdings climbed 12% ahead of earnings, but Jim warned investors not to expect a huge post-report rally even if the chip maker delivers strong results. “The problem is Arm is going up ahead of the news,” Jim said, noting that sharp pre-earnings gains can limit upside afterward. Investors will be watching for royalty growth and updates on new customers when Arm reports Wednesday evening. While Arm-based CPUs continue gaining traction with hyperscaler customers like fellow Club names Amazon and Alphabet, Jim emphasized that competition remains intense. “It’s Intel , it’s them [Arm], and it’s AMD — and that’s a very powerful series of enemies,” he said. 3. Alphabet and Amazon “may be the two best” members of the Magnificent Seven , Jim said, adding that Nvidia still belongs in that conversation as well. Cramer said he is “so glad we own Amazon.” He also called it “very right” that the Club re-bought Alphabet at the end of last year after exiting the stock in March 2025. The discussion came after reports that Anthropic committed to spend as much as $200 billion with Google Cloud over the next five years. Jim said he regrets not re-buying Advanced Micro Devices like he did with Alphabet. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: Uber , Disney , Solstice Advanced Materials , and Kraft Heinz . (Jim Cramer’s Charitable Trust is long Alphabet, Amazon, Arm, Corning, and Nvidia. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
