Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream weekdays at 10:20 a.m. ET. A recap of Tuesday’s big moments. 1. The S&P 500 and Nasdaq fell on Tuesday as Big Tech came under pressure following Coreweave’s quarterly results on Monday night. The AI infrastructure provider lowered its earnings outlook, disappointing investors. Coreweave’s stock price fell about 14%. Regarding broader AI deals, Jim said, “I’m concerned about the fact that so much borrowed money is starting to go into data centers.” However, Jim is not advocating any portfolio changes at this time. Wall Street also focused on soft labor market data after the ADP payroll tracker showed an average weekly job loss of 11,250 for the four weeks ending Oct. 25. 2. Linde shares rose more than 1% on Tuesday after UBS upgraded the industrial gas giant from a hold-equivalent rating to buy. Analysts lowered their price target to $500 from $507, saying earnings per share growth in 2026 would be a positive catalyst for Linde. This is a reassuring call for the club’s ownership situation, which has been in a slump recently. After all, Linde’s pricing power has allowed the company to deliver higher profits every quarter despite the macroeconomic backdrop. 3. Nvidia shares fell about 3% on Tuesday after SoftBank announced it had sold its entire stake in the chipmaker. The slump in AI-related stocks also did not improve investor sentiment. The sale of Nvidia stock is a source of cash to help SoftBank finance its massive $22.5 billion investment in OpenAI, CNBC reported on Tuesday. This news doesn’t make us worry about Nvidia. We maintain a “proprietary and non-tradable” philosophy regarding stocks. If anything, it will further exacerbate the aforementioned wariness of rising debt due to the AI data center boom. 4. Stocks featured in Tuesday’s rapid fire at the end of the video were CoreWeave, Paramount Skydance, Amgen, Dutch Bros, and Coterra Energy. On Wednesday at 6:30pm ET, Jim will be signing copies of his new book, How to Make Money in Any Market, at Barnes & Noble on Atlantic Avenue in Brooklyn. (Jim Cramer’s charitable trust is Long NVDA, LIN. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
