Jim Kramer here to share with you a sample of my take on the market from today's

CMBC Investing Club warning meeting.

We've de-rested the portfolio to a degree from some of the tariff exposure.

Right. Painful. No. Well, actually not that painful except for constellation.

But what I see happening here is that you have

invidia up nicely and then the statement comes out and then invidia drops and if you are in a

wells fargo the statement comes out doesn't do anything and you can can buy BlackRock and it doesn't do anything.

So we have to be aware. Lindy. Another one that just keeps moving up. Yeah. And we're having a new, it's a new market. And it's a market where you have to take into account whether it can be tariffed or not or whether it will be tariffed or not. Yeah, I mean, the thing about Nvidia, though, and we're seeing some pullbacks again in that whole kind of theme, AI infrastructure, although they were initially higher.

Quarter was good.

Quarter was very good.

Yeah, you had a revenue beat by $1.2 billion driven by data center sales, right?

That's really where it counts.

Two billion there. Earnings better right? That's really where it counts. 2 billion there.

Earnings better than expected.

Blackwell, 11 billion, much better than the several billion we've heard for management.

It's just a huge number.

And they got, this was done in a very difficult gap period where they didn't have everything working right.

And it was a monumental quarter. But they have China risk, they have Taiwan risk. And people just say, well, you know what? I can't be in that. Now, I'm going to urge you to understand this is like 19 times earnings. We're going to continue with the hold, not sell. But that's because the company's fantastic. And yes, there could be any day now, it'll be a Taiwan, Jerry. Any day. So keep your powder dry, but understand you're keeping your powder dry not because of anything that's happening in the company. You're doing it because something that might happen with the president. And look, revenue was better than expected to buy a billion. Gross margins, it touched light, but they're going to improve through the year. year, return back to the mid-70s as Blackwell ramps up Jim what about your thoughts

you know there's obviously been a lot of volatility here ever since deep sea came out

that low-cost efficient large language model but I think Jensen pushed back pretty well

last night on the idea that it's only going to increase the

need for compute three scaling laws pre-training still growing post-training scaling but also this

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