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. Markets are lower on Wednesday after three straight positive sessions for the S & P 500 . The energy, consumer staples and financial sectors are outperforming. Tech, on the other hand, is getting slammed with the Mag 7 showing weakness across the board. We want to highlight that the Investing Club’s cash position is lower after making our annual contribution to charities. This year, the Charitable Trust donated $113,216. Each year, all portfolio income and realized capital gains are distributed to qualified publicly supported charitable organizations, noted Jeff Marks, director of portfolio analysis for the Club. The trust has donated more than $4.4 million since its inception in 2025. 2. Mag 7 stock Alphabet is taking a hit Wednesday after Melius published a chart showing that ChatGPT’s weekly active users now sits at 400 million, up from 300 million in December. Analysts said that young people are increasingly choosing AI models over Google Search. Melius analysts pointed out that this is counter to a recent blog post by Google saying that search handles 5 trillion annual queries and OpenAI is much less than that. But “don’t let that fool you,” the analysts warned. The Investing Club sold some Alphabet shares late last year “on the idea that these AI models are going to eat into Google’s search share” and hurt their advertising business, said Jeff. Jim wants to continue trimming the position, potentially in half, or selling it altogether. 3. Nvidia’s also getting knocked down on the heels of a Financial Times report that China has introduced energy efficiency rules for AI chips. According to the report, the move would ban Chinese companies from buying Nvidia’s could ban sales of Nvidia’s H20 chips. Jim Cramer pushed back on the report, stating that a country that opens two coal plants every week is not “concerned about environmental issues.” He emphasized that this is a “chip they can’t live without.” (Jim Cramer’s Charitable Trust is long GOOG, 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.