Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Markets rebound as Nvidia goes green: After a slow start to the session , Nvidia shares climbed out of their early hole and traded higher on the day. One reason behind the positive reversal could an understanding that large cloud providers and other major tech companies are likely already lining up to get their hands on Nvidia’s newest artificial intelligence hardware. “Amazon’s CEO, Andy Jassy, he said would be happy to get as many of the chips he could get his hands on,” Jim Cramer said. But what Nvidia has accomplished to advance AI is far more important than simply looking at cloud computing. It will have a positive impact on many real-world applications, like the health-care industry. “Nvidia is all over the time it takes to do a drug trial. It is going to shorten it dramatically,” Jim said. Over time, he added, these AI-fueled improvements in drug discovery could translate to “more money for Danaher,” a Club holding in the life-sciences industry whose customers include pharmaceutical companies. In the immediate near term, remember that Danaher “is in the sweet spot whenever you see these $2 billion to $3 billion takeovers of biotechs,” Jim said. Indeed, we saw another one of those deals in the biotech space Tuesday. AstraZeneca agreed to buy Fusion Pharmaceuticals for up to $2.4 billion. Another announcement that got our attention was Nvidia bringing the its 3D applications platform Omniverse to Apple ‘s Vision Pro mixed reality headsets. “The commercial uses for the Vision Pro just jumped to the top because [Nvidia CEO Jensen Huang] showed how you would buy a car with it,” Jim said. “The simulation may be better than a test drive because you can then ask for the car to your…
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