Cramer explains why The Club trimmed its position in this chipmaker. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake

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Nvidia front and center ahead of results after the bell: Carl Quintanilla, Sara Eisen, and David Faber discussed what to expect tonight with Wedbush’s Dan Ives – and broke down the key reports of the morning when it comes to the consumer… In addition to extra color from the CEO of Abercrombie & Fitch, as shares surge on record Q1 sales from the name.

Plus: Could President Trump’s policies dent the dollar’s dominance? Former Goldman Asset Management Chairman Jim O’Neill arguing yes – hear his defense, this hour… Along with Jefferies’ top picks within one sector they say could be a major winner in the AI revolution, and a deep-dive on Trump’s promises to take Fannie Mae and Freddie Mac public.

Also in focus: A live read from the ground at Bitcoin 2025; Why Loop Capital says tariffs could be a good thing for Apple; and Family offices get bullish – the details.

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Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about what to expect from Nvidia when the chip giant

reports quarterly results after Wednesday's close of trading. What's at stake for the AI trade? Rates also in the spotlight: New data show

mortgage rates hitting highs not seen since January -- and President Trump elaborates on his push to take Fannie Mae and Freddie Mac public.

The anchors reacted to FHFA director Bill Pulte's blunt call for Fed Chair Jerome Powell and his fellow policymakers to cut interest rates.

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