CNBC Investing Club: Cramer's Morning Take on Nvidia 11/10/26

0:00Weren't agents supposed to take things off your plate? Building another to handle the others is a bit much. Don't make more work out of work. Gemini is the one agent that knows all parts of your business and actually gets stuff done. You give it a project, close your laptop, and when you come back, the job's finished. No matter your industry or role, your agent has the skills to help every team stay in their flow. Seriously, make work less work with Gemini on Google Cloud. Check response, subscription required. This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab.

0:33Schwab Market Update, an original podcast from Charles Schwab, provides an information-packed daily market preview on stock updates, U.S. and 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.

1:12Visit cnbc.com slash morning take to sign up today. That's one word, morning take. Semis, they started lower, but many are higher today, excluding NVIDIA. as we still deal with this fallout from Jensen's affair with an alleged Chinese spy. Well, and then you have Dan Ives saying it's going to be down 25%, 30%. Dan was the big bull, way too bullish. Yes. Now he may be way too bearish. Sure. But I do want to make sure at least our portfolio ratings are aligned with how we think about stocks each day. We have a one. I think based on we have to— We're not willing to buy here, so got to make it a two.

1:54And I know, look, I'm conscious it's down 80 points from its high, 70 points. But I will say there is a path. It's just that they, I've been around long enough to see the way these paths should work, which is you put the CEO, and I've been involved in one, you put the CEO on leave, you do a thorough investigation with a very good law firm. If there's something wrong, you have to refer it to justice, the SEC. If you don't find anything wrong, then the person comes back. What I think has bothered us who cover NVIDIA is that there's just disarray. We're getting all sorts of different side things.

2:35So someone who, I'm not trying to back NVIDIA. I'm not trying to take NVIDIA down. I'm trying to convey to you what's happening, NVIDIA. And the narrative is not clear, which is why that stop is in free fall. Right, just the uncertainty, and this may linger for quite some time. So it's hard to really stick your neck out and buy, given all these overhangs. Right, well, the Governance Committee is supposed to seize control, suggest that Jensen, if they have to, get a lawyer. I don't really like that, but it can happen. But they have not named the law firm that's investigating. They've not named the team that is going to be investigating, including people who are outside.

3:16and then what they have to do is say, okay, listen, we're going to open all books, everything's on the table, and then you get to the bottom of it. 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. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast on the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment, or strategy.

3:51To 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. and 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 market update podcast or find Schwab Market Update wherever you get your podcasts.