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. Stocks were higher Wednesday as gains in Club name Nvidia and Oracle supported the broader market. Jim Cramer was particularly optimistic — saying that, perhaps, Monday’s sell-off was “an overreaction” to the Citrini Research post that warned of AI as a killer of jobs and stock values. Jim derided the report as a “dystopian tale … of science fiction,” during “Mad Money” on Monday. While tech was bouncing again Wednesday, defensive stocks that have been strong lately took a back seat. Shares of TJX Companies were among the exceptions — up modestly after the off-price retailer reported another fantastic quarter. Look for our full Club earnings analysis on TJX shortly and an update on the entire portfolio during Friday’s Monthly Meeting. 2. Corning received an upside 30-day catalyst from Citi ahead of this year’s Optical Fiber Communications conference, coming up in mid-March. Analysts also raised the price target on Corning’s stock to $170 per share, up from $120. At the conference, Citi expects various optical industry announcements to spotlight key advancements in high bandwidth and AI-driven network architecture. Last month, Meta announced a deal to pay Corning up to $6 billion for fiber-optic cables in its AI data centers. Corning’s stock surged on the news and hasn’t looked back. It hit another all-time high on Wednesday, a day after we raised our price target to $160. 3. Nvidia reports earnings after market close. Analysts are modeling about $66.1 billion in sales and adjusted earnings per share of $1.54. We’ll be looking for any updates on China sales. Nvidia’s chip sales to China have not been included in its guidance and would serve as pure upside. Salesforce also reports Wednesday evening. “We have not been recommending the stock,” Jim said. The company will need beats across the board, Jeff Marks, director of portfolio analysis for the Club, said. Salesforce CEO Marc Benioff will have to “build the defense case as to why they won’t be disrupted by AI,” Jeff added. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: Lowe’s , Cava , Oracle , Kroger , and HP Inc . (Jim Cramer’s Charitable Trust is long GLW, NVDA, CRM, TJX . 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.
2 portfolio stocks report earnings after the close. Here’s what we’re looking for