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Squawk on the Street

Cramer's Morning Take: Microsoft & Viking Therapeutics 3/26/24

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 26 March 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

Jim and Jeff discuss the analyst price target increase for Microsoft. They also talk about the weight loss drug opportunity for Viking Therapeutics. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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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

0:07.0

CMBC Investing Club warning meeting.

0:09.0

Just to get back to some market stories, say there was a price target increase on Wedbush,

0:13.0

a big focus on co-pilot.

0:15.0

Right.

0:16.0

Based on their checks, they think momentum is building around co-pilot adoption.

0:19.0

That's the AI tool that you can use.

0:21.6

Remember when someone came out of 470 and said that it's not being used?

0:26.6

There was a, I think the story was in the Wall Street Journal about perhaps maybe it's not worth the price.

0:31.6

But there's going to be a button on your PC.

0:34.6

Right.

0:35.6

So that was the big thing last week.

0:36.6

Microsoft, they've revealed their new Surface Pro 10 and laptop 6 that have that dedicated

0:42.3

co-pilot feature that essentially makes it.

0:46.3

You can use generative AI applications very seamlessly with that button.

0:50.3

Yeah, this is where people were making this judgment that it's not like.

0:53.3

Now, I will tell you that versus Claude 3, I think Claude 3 is superior.

1:00.0

Claude 3 is a little more robotic, but you get the right answers for the most part.

1:07.0

Yeah, well, I think the big takeaway here from the the Wedbush note at least, is that, look,

1:12.8

obviously Microsoft has a massive installed base. They think 70% of that will adopt co-pilot,

1:19.8

which will obviously be huge for revenues in the future.

1:23.2

I mean, I think that people have to understand that Microsoft also has no problem with the Justice Department. You know, they went after them in 2000. They've not gone after them this time. It's surprising that they haven't given the fact that they're so powerful. But what a performer. Now, we can't have a day without talking about the obesity speech. Now, by the way, Larry Fink tonight talks about the obesity space and how important

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