每个工作日，CNBC投资俱乐部与吉姆·克莱默都会在美东时间上午10：20举行“晨会”直播。以下是周四关键时段的回顾。1. 周四股市暴跌，回吐了前一交易日的大部分涨幅，投资者纷纷逃离科技股，转向更具防御性的板块。以科技股为主的纳斯达克综合指数大跌4.2%，较上月创下的历史高点下跌超过10%，进入回调区间。
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 Thursday's key moments. 1. Stocks plunged Thursday, reversing much of the previous session's rally as investors fled technology stocks for more defensive sectors. The tech-heavy Nasdaq Composite tumbled 4.2%, entering correction territory after falling more than 10% from its record high last month.
标普500指数下跌2.9%，道琼斯工业平均指数下跌2.2%，回吐了周三涨幅的一半以上。吉姆周三曾警告称，中期选举后华尔街的乐观情绪可能难以持久。在整体市场动荡中，医疗保健、必需消费品和公用事业板块表现相对较好。2. 科技股抛售的核心原因在于，市场日益担忧融资挑战和日益加剧的政治审查可能会拖慢大规模AI数据中心的建设。
The S & P 500 dropped 2.9%, while the Dow Jones Industrial Average shed 2.2%, giving back more than half of Wednesday's gains. Jim warned Wednesday that Wall Street's enthusiasm following the midterm elections could prove short-lived. Healthcare, consumer staples, and utilities held up relatively better amid the broader market turmoil. 2. At the heart of the tech rout were growing concerns that financing challenges and increased political scrutiny could slow the massive AI data center buildout.
Meta高管迪娜·鲍威尔·麦考密克在《华尔街日报》的一次会议上警告称，建设新的数据中心“将变得更加困难”。吉姆认同建设步伐可能会放缓，但强调“这肯定不会消失”。压力从半导体蔓延至网络安全类股票，包括俱乐部的持仓CrowdStrike和Palo Alto Networks。即便是AMD和Qnity的强劲财报也未能提供多少保护。吉姆表示，这一疲软表现印证了俱乐部退出博通、康宁和Arm以降低AI敞口的决定。
Meta executive Dina Powell McCormick warned at a Wall Street Journal conference that building new data centers is "going to be harder." Jim agreed that construction will likely slow but stressed that "it's certainly not going to go away." The pressure extended from semiconductors to cybersecurity stocks, including Club holdings CrowdStrike and Palo Alto Networks . Even strong earnings from AMD and Qnity offered little protection. Jim said the weakness reinforces the Club's decision to exit Broadcom , Corning and Arm to reduce its AI exposure.
不过，我们仍维持对美光科技和Qnity的持仓，以保留对该主题长期增长潜力的敞口。3. 康德乐周四股价大涨5%，此前该公司公布了强劲的第一财季业绩并上调了全年展望，这得益于其药品和 specialty 分销业务的强劲表现。
We're maintaining positions in Micron and Qnity, however, to preserve exposure to the theme's long-term growth potential. 3. Cardinal Health surged 5% Thursday after delivering strong fiscal first-quarter results and raising its full-year outlook, driven by strength in its pharmaceutical and specialty distribution business.
尽管吉姆仍看好该公司及首席执行官杰森·霍拉尔的战略，但他警告称，“抛物线式的上涨应该卖出，而不是买入。”这就是我们在周四大幅上涨后减持了仓位的原因。金佰利公司也公布了优于担忧的业绩，并重申了全年展望，尽管其在中国的销售持续承压。吉姆对该公司收购Kenvue后的长期前景仍持乐观态度，但希望获得有关预期协同效应的更多细节。
While Jim remains bullish on the company and CEO Jason Hollar's strategy, he cautioned that "parabolic moves should be sold, not bought." That's why we trimmed our position following Thursday's sharp rally. Kimberly-Clark also reported better-than-feared results and reaffirmed its full-year outlook despite continued sales pressure in China. Jim remains optimistic about the company's longer-term prospects following its acquisition of Kenvue but wants more details on the expected synergies. 4.
- 视频结尾“快速问答”环节于周四提到的股票有：思科、Dutch Bros、Shake Shack和拉夫·劳伦。（吉姆·克莱默的慈善信托持有CRWD、PANW、Q、MU、CAH、KMB。）
Stocks covered in Thursday's rapid fire at the end of the video were: Cisco , Dutch Bros , Shake Shack , and Ralph Lauren . (Jim Cramer's Charitable Trust is long CRWD, PANW, Q, MU, CAH, KMB. )