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 Friday’s key moments. 1. U.S. stocks were mostly higher on Friday. The S & P 500 was on track for a fifth positive week in a row. The broad market index topped 5,000 again Friday after doing so Thursday but just missing it at the close. “That is something we have to celebrate,” Jim Cramer said. “That’s a remarkable [run].” Investors also mulled over more quarterly earnings and upbeat economic data. Good news for investors: December’s inflation reading was even lower than first reported. 2. GE Healthcare CEO Peter Arduini told Jim on “Mad Money” on Thursday evening about how the company is integrating artificial intelligence into MRI, CT, and ultrasound machines. These efforts can not only improve productivity, but customers are willing to pay more for the advanced offerings, Arduini said. This is good news for GE Healthcare’s margins, too. Jim said the company was previously “cash-starved” and “not focused” before separating from General Electric last year. That’s all changing. Jim said that management’s focus on research and development and AI seems to be paying off. 3. Nvidia shares climbed nearly 3% to another all-time high Friday on media reports that the company is getting into the custom chip design business. This could be both an offensive and defensive move for the Club holding. The new unit gives Nvidia a piece of what some analysts estimate to be a $20 billion per year market, while also protecting against cloud computing companies who are seeking alternatives to their pricey H100 chips. 4. An Nvidia move into chip design could put some pressure on Broadcom , another Club name. Broadcom is a dominant player in the industry, with key customers including fellow portfolio holdings Alphabet ‘s Google, Meta Platforms and Microsoft . These are all firms that Nvidia has been reportedly speaking to. Still, we’re not jumping to any…
Read the full article here
