Squawk on the Street CNBC Investing Club: Cramer’s Morning Take on Corning 5/11/26
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May 11, 2026 A lively market preview focused on a materials stock that surged this year and whether trimming positions makes sense after big gains. Discussion covers analyst upgrades, a major tech partnership, and the momentum behind data-center and tech-related names. Everyday investing club access and profit-taking strategies are highlighted.
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Late Buying Can Still Be Rational
- Jim Cramer observes that late buying momentum doesn't mean entry is wrong when strong fundamentals or catalysts exist.
- He cites Corning, Vicor, AMD and Qualcomm as examples where buying came after big moves and still attracted investors.
Momentum Drives Unrelated Stock Moves
- Market moves can be disconnected and driven by momentum rather than fundamentals, producing 'no rhyme or reason' rallies.
- Cramer points to divergent moves like Qualcomm up 22% despite unrelated business conditions.
NVIDIA Partnership Supercharged Corning
- Corning's story was reshaped by a major NVIDIA partnership and plans to 10x optical capacity and raise U.S. fiber output 50%.
- Bank of America added Corning to its US1 list and analysts raised price targets, fueling the rally.