We’re exiting our position in Corning , selling 395 shares at roughly $146 each. Following Tuesday’s trade, Jim Cramer’s Charitable Trust will no longer own a position in Corning. We are selling our remaining Corning shares to further de-risk the portfolio of AI-related stocks. Corning is down from its high close of $255 in June, but it’s still up 67% year-to-date compared to the S & P 500’s roughly 12% return, leaving it vulnerable to more profit-taking. From this sale, we will realize an average gain of 52% on stock purchased from October 2025 to August 2026. As discussed in our Morning Meeting, we are concerned about AI exposure given how the group has reacted to good news. We must always be mindful not only of a company’s results, but also of how the market reacts to them. Right now, we don’t like what we see. For example, Nvidia delivered an incredible earnings report last week and gave an extremely bullish revenue outlook for fiscal 2028, guiding for 70% year-over-year revenue growth versus analyst expectations of roughly 45%. In better markets, this would have ignited a rally across all AI names. Instead, it means nothing for these stocks. The market has changed its mind on what it’s willing to pay for the AI buildout stocks, and we’re not going to sit on our hands and watch our big gains in the group go away. We are taking measures to protect the profits we’ve built this year. It’s always a possibility that Dell ‘s earnings after the bell and Broadcom on Wednesday evening improve sentiment in the group. Should that happen, this Corning sale will look wrong, but the portfolio will benefit across several positions. If the market continues to ignore positive results, this Corning sale, like many of our AI sales over the past few months, will help shield the portfolio from giving back more of its gains. We don’t have a crystal ball, but at this juncture our preference is to lean defensive. As Corning exits the portfolio, we’ll move the stock into the Bullpen for monitoring in case the AI buildout fears prove to be overblown or it falls to a level we deem too cheap to ignore. (Jim Cramer’s Charitable Trust is long NVDA, AVGO. 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.
