Jim Kramer here to share a short preview of my take on the market from today's

members-only CNBC Investing Club morning meeting.

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We did start a new position in the portfolio yesterday. Arm Holdings.

Tech name. It's always had a great license royalty revenue streams. So customers,

the main business model, customers pay on the licensing fee for the right to use the intellectual property and designs.

And then once they produce chips of their own, Arm collects royalty fee on every semiconductor that gets made using their tech.

Usually at a fixed percentage.

But now they're also getting into silicon making with the ARM AGI CPU.

They announced last month at the Arm Everywhere event.

They already have META signed up, OpenAI signed up.

And why CPUs?

Well, it's all about the agenic era, the agentic AI era,

where you need the CPUs to handle reasoning, coordination, data movement,

GPUs will do the computational work.

And in Agentics, AI workloads require much more CPUs to GPUs than previous AI workloads.

Hence this CPU shortage that is happening.

Yeah, look, Renee Haas is taking advantage of that.

I will point out that I think that Subros, what's really going on here,

Renee is really close partners to Nvidia.

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