# This tech stock just got another Wall Street boost. Why we're on the same page — retained record

> Retained news record from news:cnbc-tech.

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source: [news](https://highsignal.app/data/news) (news:cnbc-tech)  published 2026-07-13 15:52 ingested 2026-07-14 07:59

[original source ↗](https://www.cnbc.com/2026/07/13/this-tech-giant-just-got-another-street-boost-were-on-the-same-page.html)

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This tech stock just got another Wall Street boost. Why we're on the same page
Published Mon, Jul 13 2026
11:52 AM EDT
Alexa LoMonaco
@in/alexa-lomonaco/
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 traded lower Monday as investors weighed renewed airstrikes between the United States and Iran, rising oil prices, and the start of a busy earnings week. Semiconductor stocks led the decline as traders took profits following the sector's recent rally, with Micron and Club holding Intel each dropping more than 4%. Despite the pullback in chip stocks, portfolio director Jeff Marks said Jim remains bullish on technology. In his Sunday column , Jim argued the sector continues to offer some of the market's strongest earnings growth and is best positioned to capitalize on the artificial intelligence boom. Meanwhile, West Texas Intermediate crude climbed about 4% to roughly $74 a barrel after the weekend's escalation renewed concerns over the Strait of Hormuz. 2. Club name Apple rose 1.1% Monday after Citi raised its price target to $365 from $315. The firm said Apple remains well positioned to gain market share despite raising prices on several MacBook and iPad models to offset soaring memory costs. Apple also filed a lawsuit against OpenAI late Friday alleging trade secret theft. While Jeff said he does not have a view on the legal merits of the case, he noted that Jim thinks "it's a serious lawsuit with legit concerns." Jim also remains constructive on Apple's competitive position, saying to "own, don't trade this one" in his morning note . 3. Shares of Club holding Nvidia slipped almost 2% Monday, but Jim remains bullish on the long-term AI story. In his Sunday column, Jim argued Nvidia should pursue a more aggressive share repurchase program to return additional capital to shareholders and suggested the chipmaker could monetize portions of its investment portfolio to help fund additional buybacks. Jeff pushed back on the idea of Nvidia taking profits in its Intel stake, arguing it could unnecessarily pressure Intel shares. The Club used Monday's pullback in semis to add to its Intel position , consistent with Jim's view that the chipmaker remains one of the portfolio's highest conviction investments. 4. Stocks covered in Monday's rapid fire at the end of the video were: Boeing , Honeywell Aerospace , Capital One , Goldman Sachs , and Wells Fargo . (Jim Cramer's Charitable Trust is long AAPL, INTC, 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.
More In Morning Meeting
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09:22
Monday, July 13, 2026: Here's what The Club is watching ahead of bank earnings
We're looking to buy more of this chip stock as the once-hot group cools
Natasha Abellard
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VIDEO
08:26
Friday, July 10, 2026: The Club says if it wasn't restricted it would be buying shares in one of Cramer's favorite stocks
Read More
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document fetched 2026-07-14 07:59 · canonical https://cnbc.com/2026/07/13/this-tech-giant-just-got-another-street-boost-were-on-the-same-page.html