Where Jim Cramer stands on CrowdStrike and Broadcom ahead of earnings

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. Stocks fell on Wednesday as crude oil climbed back above $95 a barrel following renewed airstrikes between the U.S. and Iran. "Every time oil spikes, interest rates go up, and we have a bad market," Jim said. Financials were the worst-performing sector, as higher bond yields pressured rate-sensitive stocks and revived concerns about private credit. Artificial intelligence and technology names also weighed on the broader market. Jim noted that if the S & P 500 is going to extend its winning streak to 10 straight sessions, technology stocks will need to reverse course and help lead the market higher. 2. Palo Alto Networks and CrowdStrike declined more than 2% and 4%, respectively. Palo Alto delivered a strong beat-and-raise quarter Tuesday evening, but the stock still pulled back — a familiar post-earnings pattern. Jim is "urging people to hold on," while noting the stock could be down 7% to 8% in the near term. On "Mad Money" Tuesday night, CEO Nikesh Arora reinforced the idea that AI is accelerating demand for cybersecurity. CrowdStrike reports earnings on Wednesday evening, and Jim said the company continues to benefit from a surge in customer demand tied to emerging AI-driven threats. "The deluge of orders that he's gotten since Mythos... does matter," Jim said. Both are Club stocks. 3. We initiated a new position in chipmaker Intel on Wednesday, reflecting our belief that demand for central processing units (CPUs) will continue to grow as AI workloads shift from training to inference and agentic computing. Jim stressed that investors should start small rather than chase the stock higher. "I don't want everyone to buy everything here. I want to have more as it comes down," he said. We also remain bullish on custom chip designer Broadcom despite taking some profits after the stock hit an all-time high on Tuesday. Broadcom reports earnings on Wednesday evening. After its powerful run, investors will need to see another strong quarter and raised guidance to justify further gains. 4. Stocks covered in Wednesday's rapid fire at the end of the video were: Honeywell, Macy's, Ulta, AT & T, and Kraft Heinz. (Jim Cramer's Charitable Trust is long Broadcom, CrowdStrike, Intel, and Palo Alto. 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