My top 10 things to watch Thursday, April 30 1. Best of the earnings night for our big four hyperscalers: Alphabet . The call: world domination. Beats on search, subscriptions, and cloud — the company’s three most consequential segments. Management bumped up its capital expenditure forecast. But the stock jumped 8% on further proof that the AI spending is paying off. Custom TPUs chips co-designed by Broadcom are a big story here. Lots of price target hikes on Wall Street. We hiked our PT to $400. 2. Same for Amazon , which I put in second place . Accelerating AWS growth to 28%. Ads, e-commerce, and satellite are all firing. The stock gained more than 3.5% on the print. Amazon kept its full-year capex at $200 billion. Are the hot AWS custom Trainium chips the next leg of the stool? Even so, CEO Andy Jassy said Amazon will remain partners with Nvidia for “as long as I can foresee.” We hiked our price target to $300. 3. Third: Microsoft . Aruze cloud growth 40% and guidance for the same in the current quarter. Copilot is starting to grow. Capex hike. Microsoft’s results were a bit of a push, and the stock dropped more than 1%. But the analysts hiked price targets and were effusive anyway: Spent a lot of money to make some money. We kept our PT at $500. The theme of the night: If you have a cloud and spending, you’re alright. 4. Meta Platforms does not have a cloud, and that’s why the Street was loath to tolerate its increased capex guide. Shares of the parent of Facebook and Instagram dropped more than 8.5%. The quarter was solid, except for a 5% sequential slide in daily active people (DAP). CEO Mark Zuckerberg blamed it on “internet outages in Iran and blocks in Russia.” A mix of price target cuts and hikes. We cut our PT to $750. 5. Stocks are headed for a higher open. Mostly strong earnings, lower oil prices, and bond yields are a winning combination. A higher S & P 500 today would prevent a three-session losing streak. Yesterday, higher oil — WTI near $107 and Brent over $118 — and the 10-year Treasury over 4.43% pressured the market. The Fed held interest rates steady . But dissent was at a level not seen since 1992. Jerome Powell plans to stay on as a Fed governor after his central bank chairmanship ends next month. 6. Monster quarter for Club name Eli Lilly . Revenue and earnings per share crushed estimates. Volumes in the U.S. were up 49%, easily offsetting a 7% decline in pricing. That’s key. CEO David Ricks on CNBC this morning also squashed any concerns about the launch of the obesity pill Foundayo. It will be just fine. Shares of Lilly jumped more than 6%. 7. Cardinal Health , a newer Club name, was not the clean quarterly beat we wanted to really ignite the stock, which fell more than 1% this morning. Profitability in the quarter was encouraging. The company hiked its adjusted earnings outlook. We started a position in March. 8. Anthropic is in talks to raise money at a $900 billion valuation, according to Bloomberg . No term sheet has been signed yet, and the discussions are reportedly ongoing. OpenAI, the rival AI startup behind ChatGPT, recently announced a historic fundraising at a post-money valuation of $852 billion. OpenAI CFO Sara Friar shared that with us exclusively on “Mad Money” last month. 9. Qualcomm was up over 10% this morning after CEO Cristiano Amon said that the company would start shipping data center chips to a “large hyperscaler” over the next year. Dramatic reversal for Qualcomm, which has significantly lagged other chipmakers. The narrative around this stock is shifting from Apple loser to hyperscale winner. Qualcomm beat on the quarter. Guidance fell short. It didn’t matter. 10. Intel hit an all-time high once again. This one keeps soaring as agentic demand is through the roof. It’s clear: the next phase of the industrial revolution is here. The company’s blowout earnings last week showed us exactly that, with shares surging nearly 24% in a single session. It also reminded us why we recently took a stake in Arm , which recently launched its first-ever in-house chip, the AGI CPU. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) 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.
Jim Cramer’s top 10 things to watch in the stock market Thursday
Apr 30, 2026
