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 Nasdaq is rallying over 1.5% on Wednesday, in a rebound session for artificial intelligence stocks fueled by strong earnings from CoreWeave . Shares of the embattled neocloud are soaring over 20% and lifting shares of data center suppliers, including chipmakers. Jim Cramer said that even Nvidia is showing signs of life, up over 3.5%, in what could be its first positive day since the board on Sunday launched an investigation into CEO Jensen Huang’s affair with an alleged Chinese spy. This isn’t an across-the-board rally kind of day, though, evidenced by the Dow Jones Industrial Average falling by roughly 90 points, or 0.2%. “This is a day, once again, where you’re a part of this ridiculous rotation. Today it’s into technology, out of the soft goods,” Jim said. “Other than … the semis, it is still this rotational pattern that is very unnerving to a lot of investors.” 2. Jim is ready to move on from Intel and declare CPU rival Advanced Micro Devices the winner. “They got the best stuff,” he said, adding that Intel has “done a really bad job.” We would be making the switch on Wednesday, if not restricted by our Club trading rules (detailed at the bottom of all our articles). When we can, we will exit Intel and start a position in AMD, which we have owned for the portfolio in the past. “I don’t think [AMD] will go straight up,” Jim said, adding he plans to buy it gradually. Since hitting all-time highs in June, Intel stock has been sliding. It tried to make a stand in September but then got crushed by an earnings warning last month. “Sometimes, you just have to admit you got it wrong,” Jim said, reiterating his admission from last week’s Annual Meeting. 3. Kimberly-Clark shares are down 2.5% on Wednesday, and Jim said that move is giving members without a position a great opportunity to buy some. That’s because the stock is up roughly 15% since its most recent low around $94 early last month. Jim likes the recent Kenvue acquisition that combines the Huggies and Kleenex brands with Tylenol and Band-Aid. Another stock Jim likes is Qnity Electronics . “I like Q,” he said, calling it by its ticker symbol. He thinks the DuPont spin-off can go back to record highs because it supplies materials crucial to semiconductor manufacturing to a range of companies, so it’s not reliant on the success of one firm. (Check out our video tour of Qnity’s labs). Jim also suggested that Johnson & Johnson’s cancer drug Rybrevant Faspro picking up an expanded label from U.S. regulators should be a boost to the company’s oncology business, which saw a 16.4% year-over-year sales increase in the third quarter. (Jim Cramer’s Charitable Trust is long NVDA, INTC, KMB, Q and JNJ. 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.
