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 Thursday’s key moments. 1. Stocks rose Thursday as Wall Street tried to rebound despite renewed U.S.-Iran tensions and higher oil prices. The market showed a sharp divide within the technology sector: hardware and chip stocks moved higher, while software names remained under pressure. Micron jumped 7.5%, but Club name Salesforce fell 2.5% after KeyBanc downgraded the stock to hold from buy. Jim said the divide reflects where the money is flowing in the artificial intelligence buildout. “The companies that receive checks from the hyperscalers — these are the Microns of the world or SanDisk — are doing well, and the companies that write the checks, the hyperscalers, are doing badly,” he said. The Club is also looking to concentrate its semiconductor exposure around its highest-conviction ideas, particularly Intel , which Jim called his “favorite stock in the portfolio.” 2. Club holding Meta pulled back after investors raised concerns about the company’s accelerating AI spending. The Facebook and Instagram parent announced plans to begin manufacturing its own AI chip as part of a broader push to expand its computing capacity to 14 gigawatts next year, signaling that capital expenditures are unlikely to slow anytime soon. Jim said the heavy spending reflects strong underlying demand rather than excess capacity. “I think that they’re looking at a book of demand, saying it’s really good, and we’re going to be able to make it so that we can meet that demand,” he said. While Jim acknowledged that Meta has struggled to clearly communicate its strategy to investors, he remains bullish. “I’m sticking with it,” he said. “I think that they’re doing a lot of things right, except for telling the story.” 3. Shares of Club name Honeywell Aerospace , which recently separated from Honeywell Technologies , fell another 2% Thursday. Jim said the weakness may simply reflect the volatility that often follows a spin-off rather than any deterioration in the underlying business. He reiterated his strong conviction in the newly independent aerospace company and said that shares are approaching the level at which he would like to add to the Club’s position. 4. Stocks covered in Thursday’s rapid-fire at the end of the video were PepsiCo and Levi Strauss . (Jim Cramer’s Charitable Trust is long HON, HONA, INTC, META, CRM. 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.
