CNBC Investing Club: Cramer’s Morning Take on Meta Platforms 9/29/26

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1:02Jim Cramer here to share a short preview of my take on the market from today's members only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit CNBC dot com slash morning take to sign up today. That's one word. Morning take. Well, we did get a slew of headlines in A.I. And that seems to be the trade that is, as of now, least impacted by rates. Anthropic prospectus leak, seeking evaluation of more than$2 trillion. You had revenue grow 12-fold in 2025, while they lost about$8 billion on their operating basis. Planned to spend over half a trillion on cloud computing and infrastructure obligations in the coming years.

1:51according to the prospectus. Could we see an IPO soon? I think by November. I will say this. They sure did get everything out on the table that's bad. But we don't have everything out on the table that's good, which is what I think the 2026 was about. So let's temper our negative enthusiasm for this one. It's not like it's a home builder. Right. Meanwhile, OpenAI delays the new GPT 6.1 Astra model over safety concerns. Metamuse for small business announced this morning, connects its agent software from companies like Asana, Zoom, Salesforce, Slack. You'll have President and Vice Chairman Dina Powell-McCormick on that money tonight to talk about this initiative.

2:39Right. Foremost person about small business in the country led the initiatives at Goldman on 10 ,000 small businesses, 10 ,000 women. I will say that the CJ Desai leaving MongoDB to become the chief enterprise platform officer, that's the one that matters. Tina's terrific. She was talking about the 200 million business, but this is not an enterprise company. Enterprise companies get high multiples. This one goes from 16 times earnings out two years, I think, to 24. So this decline may be viable. That's how strongly I feel about this. Yeah, that's been your line for a while. It's why I think you still feel this way, maybe prefer Anthropic to OpenAI, is because it has more enterprise customers.

3:22Enterprise. I fought this with Apple, consumer. And even though I won in the battle of owning it, every second it was a fight. Versus NVIDIA, I never had a fight on it. Right. And you've seen this big push for meta into enterprise AI adoption, in addition to all the consumer products that they are announcing with Muse and Muse Star. Yeah, and it's just going to start. I mean, look, remember, the enterprise pays. Consumer, I don't think I could ever use it enough that I would ever get the rent to pay. All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet, or another medium.

4:06No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment, or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com forward slash investing club disclaimer. This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Schwab Market Update, an original podcast from Charles Schwab, provides an information-packed daily market preview on stock updates, U.S.

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