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 tape. The big story is the,

what's happening in semis today. You have to go right to Nvidia earnings, which I thought

they were great. They were right. I thought the invented numbers were great with Revs of 70, 73%

year over year, really big beat on adjusted EPS.

The gross margins better than expected, 75.2.

But this is a rotation.

You don't get this based on Envidias conference school, which was superb.

It's a rotation because they're not the only one who's the victim today.

No, they're not.

And it's weakness across the semiconductor stocks,

whether it's other AI, chips, GMP, yes, broadcom, but throughout the chain. And we'll talk about

CUNITY a little later, but let's stick with Nvidia here. Still nothing from China yet.

No revenues, not in any guidance. And they'd like it, and that was something they'd mentioned.

They'd like it.

Some other things, they're shipping their first Verarubin samples to customers earlier this week, on track for production shipments in the second half of the year.

So a lot of positive things from the call.

And data centers are power constrained, but in video was named the inference

king by a popular publication, semi-analysis. They have secured all their components, including

memory through 2026. They're now focused on 2027. Jensen was confident in the cash flow of

hypers and the sustainability of their CAPEX.

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