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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That's one word, morning tape. I know I sounded disconcerted

this morning on squawk, and I am, and I am, if only just because I, you know, I love Matt Murphy.

I've known him forever since he got the job at Marvell. He bought two different tranches

of stock at around $70. He's a big believer.

But today we have, and I'm just using this emblematic, we have a Gensomong saying it's the next

trillion-dollar company. It's $200 billion. And then people buy up 50. And I'm just saying

that I don't like that level of enthusiasm. I'm not saying it can't last.

I am saying that that needs money from other sectors and that we just don't have enough money

to be able to handle that kind of thing and what Alphabet proposed to do last night.

Yeah, I think that's fair.

I think we've seen a lot of parabolic moves throughout the AI trade.

And what we've done is we've taken profits, not sell out completely because a lot of these stocks have continued to rally,

but we've taken profits along the way. And I think that's how you have to think of things.

Well, it's going back and forth through Neas, and he's the CEO of Arm this

very night, middle of the night. And he was saying, you know, Jensen just said every time Jensen says, Arm's doing something, Arm goes up. Literally, the joke was made. And Arm is parabolic. It's one of the greatest picks we've ever made for the trust. Okay, one of the greatest picks. And we can't trim it, obviously, we're restricted.

But, you know, if you own, if you bought a hundred arm, you should sell 20. I mean, yeah, like what we've done is, you can't really see it from this chart. I know, that is, uh, this is a parabolic, quite extraordinary. But yeah, I mean, what we've done with Arm is, you know, we put it on at a 1% position

and because the rallies have been so significant, you know, jumping, you know, 50% at a time.

We've trimmed it back down to 1%.

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