Hey, it's Kramer, and this is my morning take on the market from today's

CNBC Investing Club morning meeting.

The theme here today is once again, not deflation, but a lowering in inflation.

This time it's the PPI, but it's not enough to drive things higher today.

It's kind of getting discounted in the market. Yeah, but nonetheless, I think it's an encouraging sign.

Definitely.

You know, especially after the Fed meeting yesterday where it seemed like Powell is remaining

data dependent, doesn't necessarily want to put out some predetermined path, but PPI encouraging,

jobless claims a little bit higher than expected, so maybe

some more loosening, but in the job market.

But today is also about the AI trade after Broadcom earnings last night, which were great

earnings.

And it's why we have said this is behind Nvidia, the second best way to play AI in the chip

space.

We tend to kick ourselves versus I was looking at what we did with AMD and we took the money

and put it in Broadcom.

A Broadcom doubled.

AmD did not.

Yeah.

No, I think AMD is up maybe like 8% year to date.

Obviously Broadcom up 50% and even more going back to last August.

In your excellent note last night, you made it clear that AI is inflecting huge, but also

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