Why Jim Cramer says this AI play — up 85% this year — is headed even higher

An important development from the financial markets: Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a. Here's a recap of Monday's key moments. The S & P 500 and Nasdaq Composite were up on Monday, building on strong gains last week .

The 30-stock Dow , however, traded lower after briefly surpassing the 53,000 level for the first time ever. President Donald Trump rang the opening bell for the New York Stock Exchange and the Nasdaq from the Oval Office this morning to commemorate the launch of Trump Accounts , a new investment vehicle for children. Jim Cramer said these accounts will not only improve financial literacy but also benefit the market.

Economic Details

"If they can find all the people who should get the money, you are going to see more of a cushion in the stock market," he said. Broadcom said it will extend its partnership with Apple through 2031 to build and supply custom chips for the iPhone maker. Jim described it as "terrific news" for both Club holdings.

Not only does Broadcom get to keep a massive chip customer, but Apple can bolster the resilience of its supply chain. Not to mention, it's a positive for Apple's artificial intelligence efforts. Broadcom and Apple gained roughly 4% and 1%, respectively.

Qnity shares jumped more than 6% as chipmakers rebounded following last week's sell-off. Upbeat Wall Street research boosted sentiment as well. Deutsche Bank forecasted 15% revenue growth for the year, well above management's guidance of 11%.

Analyst Views

Analysts pointed to tailwinds tied to the semiconductor boom, which Qnity has exposure to as a key supplier of chemicals and materials used in the manufacturing process. "I think this stock is headed to all-time highs," Jim said, adding that investors can properly value Qnity now that it's spun off from fellow Club holding DuPont . Shares are already up 85% in 2026 and last hit record highs in late June.

Stocks covered in Monday's rapid-fire at the end of the video were Solstice Advanced Materials , T-Mobile , Qualcomm , Lockheed Martin , and Datadog. (Jim Cramer's Charitable Trust is long DD, Q, AAPL, 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.

Financial markets are tracking the development closely as investors assess the likely impact.