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S&P 500 Hits 7,000 Amid Caution on Nvidia

1/28/2026

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Summary

Story summary

On January 28, 2026, the CNBC Investing Club with Jim Cramer hosted a "Morning Meeting" livestream where the S&P 500 hit an intra-day record high of 7,000 before declining as investors awaited the Federal Reserve's interest rate decision.
Cramer advised caution on Nvidia, suggesting investors refrain from acting on reports of Chinese companies purchasing its chips.
He recommended buying GE Vernova due to its strong earnings and significance in AI and power needs.
Cramer also highlighted Meta and Microsoft for their upcoming earnings reports, emphasizing AI spending and Azure growth.
He waits 45 minutes after sending trade alerts before executing trades.

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Story summary

On January 28, 2026, the CNBC Investing Club with Jim Cramer hosted a "Morning Meeting" livestream where the S&P 500 hit an intra-day record high of 7,000 before declining as investors awaited the Federal Reserve's interest rate decision.
Cramer advised caution on Nvidia, suggesting investors refrain from acting on reports of Chinese companies purchasing its chips.
He recommended buying GE Vernova due to its strong earnings and significance in AI and power needs.
Cramer also highlighted Meta and Microsoft for their upcoming earnings reports, emphasizing AI spending and Azure growth.
He waits 45 minutes after sending trade alerts before executing trades.