By Natasha Abellard
Publication Date: 2026-01-28 17:06:00
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 hit an intra-day record high level of 7,000 Wednesday before modestly retreating as investors await the latest Federal Reserve decision on interest rates at 2 p.m. ET and Big Tech earnings. Beyond that, Jim Cramer said not to act too soon on Nvidia after a Reuters report that China approved ByteDance, Alibaba , and Tencent to buy the company’s H200 chips. “There are a lot of reports that say that the Chinese deals are done. I think that until we see them done, we should not presume,” Jim said. “I don’t like our people buying stocks on a gun jump. Own Nvidia because there are many good things happening.” 2. GE Vernova, one of four Club names that reported before the bell, is slightly higher after posting a strong quarter. The company posted a revenue beat but slightly missed adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), driven by weakness in its wind division. The Club is more focused on power and electrification, both of which beat estimates. “The stock should be bought,” said Jim. The company is a key part of the AI-trade as power needs grow for data center buildouts. “If you were to buy a turbine today, he [CEO Scott Strazik] can’t get it to you and have it produce electricity till 2030 or 2031. I have no companies that have that backlog,” Jim said. “I want to own…
