Cramer's Morning Take: Big Tech 9/9/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 9 September 2024
⏱️ 4 minutes
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| 0:00.0 | Jim Kramer here to share with you a sample of my take on the market from today's |
| 0:06.7 | CNBC Investing Club warning meeting. |
| 0:08.5 | I know in the piece you wrote last night, it came out last night. |
| 0:14.2 | Apple, obviously, one, could be an interesting way for them. |
| 0:18.0 | Once it's already going down. |
| 0:19.1 | They do have the glow event. |
| 0:20.4 | I didn't like the glow event. And the reason I didn't like a glow event is that they're still not ready with a lot of the AI. And also it seems like AI may not be as much of a selling point. So we do have more of a, it's like battery life, you need to refresh kind of thing. They don't make enough of that. But I think a lot of people feel like you have to refresh if you're going to have more battery. We'll have to stay tuned to the actual event. And then Alphabet, you point out the hardest of the group because of DOJ, certs, surtrists. But every time we've trimmed, it's rallied. I know, but yeah, I know. And it did. I out's falling I was telling my wife last and I said |
| 0:54.3 | you know I felt very when I did the piece I felt like what is second is it too late to |
| 0:59.0 | sell alphabet right and the answer is I could argue well what were you thinking at |
| 1:02.7 | 190 would you be selling it at 150 which by the way is something I'm going to talk |
| 1:08.6 | about on our meeting on Thursday, a club meeting. |
| 1:12.4 | Because it's a very specific thing. |
| 1:14.2 | Yeah. |
| 1:14.5 | And I really want to drill down on this particular question because I think a lot of our club members are very concerned about the MAG 7. |
| 1:22.6 | Yeah. |
| 1:22.8 | And are thinking about maybe it's time to jump ship or should we have jumped ship already. |
| 1:27.1 | Well, you also put it on the other hand, Amazon, maybe the cheapest if you look out a few years |
| 1:31.1 | on earnings, net a deserving of a higher multiple because they are monetizing AI. |
| 1:35.6 | One of the things that Amazon's doing right now, what are they using for AI? |
| 1:39.4 | This is very interesting. |
| 1:40.4 | What they're most concerned about in terms of be able to save per package is if they |
| 1:45.3 | see a pattern of, let's say you order 8 o'clock and then you order 10 o'clock, they've seen that pattern |
... |
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