Jim Kramer 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. Very complicated market today because

it's overlaid just the fact that oil is not up that much. But what people are talking about today

is this dichotomy once again, software down, hardware up, with the exception of Nvidia.

And I think it's very interesting to see that you could probably sum it up, as we were talking before him,

the companies that receive checks from the hyperscalers, these are the microns of the world, or sand disk,

are doing well, and the companies that write the checks, the hypers are doing badly.

Sure. Follow the money. Simple as that, right? And the money has been flowing into a lot of those

AI hardware stocks. Now they did have a lot of those names. You mentioned a few there.

Corning, a good example in the portfolio,

some really volatile action in the last few days, but we saw them start to rebound yesterday,

and that continues into today. But we're still dealing with a market that is unsure about what

might happen next in the war with Iran and the sea steel and how the ceasefire,

how strong that will be. As you can see, the S&P is lower now. A lot of that has to do with

the weakness in the hyperscalors, big mega-cap weights. And look, when you see Amazon down,

you see Alpha but down, you get a little nervous Microsoft down, perhaps a little bit because the fact that Starbucks, one of our holdings is thinking about trying to figure out how to get rid of Microsoft.

I'll be rid of IBM yesterday.

Not right price, but I decided that I was telling Jeff, we've got to just be in a couple, we've got to be in fewer semis because they're too volatile.

I wanted to consolidate around Intel. Intel is my favorite stock in the portfolio, but don't want to add more money to semis.

...