CNBC Investing Club: Cramer’s Morning Take on Nvidia 10/7/26

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0:37and global economic news, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com slash marketupdatepodcast or find Schwab Market Update wherever you get your podcasts. Jim 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.com slash morning take to sign up today. That's one word, morning take. I do think that what we're looking at is a new way to think about the market, which is that you have a 10-year note.

1:25It's at 1 p.m. If interest rates trade down and bonds go up after that, then you're going to see a rip-sorning rally. So that's the thing to watch, the 1 p.m., the$39 billion sale of the 10-year notes. So I think people are maybe there's some cautious ahead of that. Although, again, the 10-year touched 535 at one point. So it is off the highs of the early morning. Same with the third year, which was at 5.7. So just things to watch. Now, I wish it weren't the case. I'll just tell you how I approached these things when I was an hedge fund manager. I might borrow$25 million because I was only running like$700 a ton,$600.

2:06And I would short this, short the bond. It's an on-the-run piece of paper. You can see it. And then I would say to the dealers, I'll buy$25 million on the deal. And I make a couple bases. Maybe pick up like$100 ,000. That trade is going on in the size of$250 million today. Yeah, some behind-the-scenes action there. I want everyone to know what it works. Right. I mean, look, the bond market, the Fed, I mean, we're stock people. But we have to acknowledge what's happening around in the background. Now, speaking of being stock people, the most important stock, and I talked to you about this again, which is I've been warming and warming and warming as it gets more investable.

2:48is SpaceX. Why? Because SpaceX has a special deal with NVIDIA. And the more NVIDIA it buys, the more money it makes because he's doing, Musk is doing what Jensen outlined, which is to say, buy our compute and then lend it and you'll make a fortune. The theory is playing out that Jensen talked about. Yeah, Elon has mentioned exclusively buying NVIDIA chips in the past. And then the newest headline today is they're seeking to raise$40 billion to buy NVIDIA chips. A bullish signal for NVIDIA, although maybe not a day for it, although it's hanging in here only down the dollar. I like it here. If they do the active buyback, as I suggested, they'll be right here underneath, and as it goes up, we'll be fine.

3:33All 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 Kramer on television, radio, internet, or another medium. No 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.

4:33man. Gu�� you.