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 Wednesday’s key moments. 1. The S & P 500 is higher on Wednesday as tech stocks rebound following Tuesday’s break of a seven-day win streak driven by a drop in Oracle. This comes as some investors are questioning the sustainability of the AI trade. While the market’s doing okay, Jim Cramer said that AI stocks are rising once again, as predicted by industry leaders, including Nvidia’s Jensen Huang. In a conversation with Jim during October’s Monthly Meeting , Huang pushed back on a report stating that Oracle was seeing thin profit margins on its business of renting out Nvidia chips to customers, saying the company would be “wonderfully profitable.” 2. Salesforce is up on Wednesday but still below Monday’s gains. The stock rose nearly 4% in intraday trading on Monday following news that its messaging platform Slack is integrating with OpenAI’s software engineering tool Codex. We booked some profits in the lagging stock on Monday’s pop, but that doesn’t mean we’re giving up on it. “I believe that what they do at Dreamforce is really very accretive and very lucrative,” said Jim. “To write off a company that’s making so much money, you have to be very careful.” Dreamforce is Salesforce’s massive annual tech conference in San Francisco, which this year runs from Oct.14-16. 3. Bristol Myers Squibb is another stock that we trimmed last week after it rallied along with other pharmaceutical stocks after the announcement of a drug-pricing deal between the Trump administration and Pfizer . But we aren’t planning to abandon that position either. “That’s a tough thing to do [with] Bristol. We don’t want to give up on it. But, we don’t want to be beholden to it,” Jim said. The company’s success is ultimately riding on the successful trials of its new schizophrenia drug Cobenfy. “I don’t want to suffer through anything,” said Jim, adding that he also is cautious about exiting positions too soon, as he did with Johnson & Johnson or Alphabet . 4 . Stocks covered in Wednesday’s rapid fire at the end of the video were: Gold Futures , FedEx , and Tesla . (Jim Cramer’s Charitable Trust is long BMY, CRM, NVDA. 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.
