Jim Cramer’s daily quick look at stocks outside of the CNBC Investing Club portfolio in the news. JPMorgan Chase: CEO Jamie Dimon’s annual letter to shareholders has been released. He believes that artificial intelligence can be as revolutionary as the printing press, steam engine, electricity, computing and the Internet. He also sees a wide range of interest rates, from 2% to 8%. “Jamie Dimon is a cautious banker. That said, I think they’re going to have a good quarter. This letter makes me feel better,” Jim Cramer said Monday. But Cramer added that his reading of Dimon’s letter suggested that business may be tougher ahead. JPMorgan Chase and Club Bank stock Wells Fargo kicked off earnings season on Friday. Tesla: The electric car maker had a tumultuous day on Friday. But after CEO Elon Musk announced a robotaxi event in August, the stock price rose more than 4%. “Robotaxi. CyberTruck. That’s enough. Hey, you’re about to get kicked. How about that?” Kramer said. TSMC: The chipmaker received $6.6 billion in support from the U.S. government to build three factories in Arizona. “Commerce Secretary Gina Raimondo delivered a great contract. It’s 2 nanometers. That’s what we need in this country,” Cramer said. He added that the United States needs chip manufacturing security to mitigate the risk of Chinese actions in Taiwan. Take-Two Interactive: Citi upgraded the video game stock to buy. Analysts like the risk/reward profile following the recent sell-off on uncertainty over the timing of Grand Theft Auto 6. Does Citi know “when will Grand Theft Auto be released?” Kramer asked. If analysts do that, they have the right to make such a decision, he said. Fastly: Piper Sandler upgraded the stock to an overweight rating equivalent to a buy. Analysts believe the company is gaining market share in the core content delivery network market. “I think this content delivery market is ripe for consolidation,” Cramer speculated.
