Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks are rebounding Monday, recovering roughly half of Friday’s losses triggered by President Trump’s surprise threat of a massive tariff increase on China. Over the weekend, Trump softened his stance, writing on Truth Social that trade relations with China “will all be fine.” The tech-heavy Nasdaq jumped nearly 2%, powered by OpenAI and Broadcom’s announcement that they’re jointly building 10 gigawatts of custom artificial intelligence accelerators, the ChatGPT maker’s latest move to scale up AI infrastructure. Broadcom shares soared by more than 10% making it the day’s top performer. Other AI plays followed: Club name Nvidia gained about 2.5%, Oracle rose over 5%, and AMD added 1.6%. On Monday night’s “Mad Money,” Jim Cramer will be interviewing Broadcom CEO Hock Tan to discuss details of the Broadcom-OpenAI partnership. 2. Citi placed a 90-day catalyst watch on Meta Platforms , a stock that’s been “stuck in a range,” according to the Club’s portfolio director, Jeff Marks. While shares are up about 1% on Monday, the stock has been drifting lower since its post-earnings pop in late July. The latest overhang on the stock is OpenAI’s launch of Sora, an AI-generated video app that firmly encroaches on the Facebook and Instagram parent’s territory. Analysts at Citi said they’re watching for a Sora impact to Meta, but right now, they’re seeing a lot to like for Meta’s core ad business. Their catalyst call is based on signs of ad load growth and estimates that Meta is gaining share of ad budgets as newer products launch. Meta is Citi’s top pick with a $915 price target. “Hopefully, in the next quarter is the catalyst that gets shares moving higher again,” Marks said. 3. Shares of Palo Alto Networks are up more than 2% after Wall Street firm BTIG upgraded the cybersecurity giant to buy from neutral, pointing to field checks that reinforced confidence in its growth outlook. BTIG now expects Palo Alto to sustain revenue growth of more than 12% growth in the coming years. Its price target of $248 a share implies about 19% upside from Friday’s close. Analysts were also encouraged by the company’s CyberArk acquisition, which initially drove Palo Alto’s stock down by at least 5% for three sessions in a row. We upgraded our rating on the stock and were buyers of Palo Alto into that sell-off . (Jim Cramer’s Charitable Trust is long AVGO, NVDA, META, PANW. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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