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. Stocks were slightly lower Friday, with the S & P 500 , the Nasdaq , and the Dow pretty much flat in early afternoon trading. The benchmark 10-year Treasury yield marched higher this week as traders fight the Fed, which is expected to cut interest rates again at next week’s meeting. The stock market was struggling to “break the spell of negativity” seen this week, Jim Cramer said during the Morning Meeting. Despite the broader market weakness, individual stocks like Club name Broadcom stood out, soaring over 20% on Friday after a strong earnings report after Thursday’s closing bell. The stock move put Broadcom in the $1 trillion market cap club. 2. Broadcom’s rise, driven by better-than-expected sales of AI networking and custom chips, though welcome, raises questions about whether demand for custom chips challenges the dominance of GPUs, the bread and butter for fellow chip Club stocks Nvidia and Advanced Micro Devices . Jim acknowledged Nvidia’s recent stock underperformance, attributing it to gradual selling by big-money investors. “That’s OK. It’s done that many many times before it’s in the next liftoff,” Jim explained. Although he expressed concern for AMD, saying, “I thought that there was a scarcity value to AI chips. It looks like there may not be as much of a scarcity value.” 3. The pressure on health-care stocks was weighing on shares of life sciences company Danaher . But Bank of America believes the stock is one to buy on weakness. “The recent pullback has created a more attractive entry point,” the analysts wrote in a client note, adding the stock is poised to outperform in 2025 as recovery in the company’s key bioprocessing business continues to take shape. The big overhang on the health-care sector, stemming from the potential of broader health-care reform, is not a reason to ding Danaher, Jim suggested. While it has taken a while for the company’s bioprocessing unit to recover, “we’re staying with it because it’s still the same company,” he explained. 4. Stocks covered in Friday’s rapid fire at the end of the video were: RH , PayPal Holdings , General Mills , Centene , and Homebuilders. (Jim Cramer’s Charitable Trust is long AVGO, NVDA, AMD, DHR. 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.
Here are Jim Cramer’s thoughts on risks of Broadcom’s strength to Nvidia and AMD