Here's why Jim Cramer is hesitant to buy this AI chip stock right now

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. Stocks were lower Tuesday after all three major U.S. stock benchmarks posted all-time closing highs in Monday's session. As we've seen in recent weeks, equity investors are again taking their cue from the bond market Tuesday as yields spike. The yield on the 10-year Treasury note touched nearly 4.4% Tuesday morning. That's a headwind to a number of stocks that benefit from lower interest rates, including Club holding Home Depot . The home improvement retailer delivered a strong beat-and-raise quarter Tuesday before the open, though shares were lower in midmorning trading. The subdued market reaction is gave us a chance to add to our Home Depot position Tuesday. Home Depot shares "should not be down," Jim said, adding that he is "anxious to buy more." 2. Citigroup said the sell-off in the broader semiconductor group is nearing its bottom, meaning it's almost time to start buying again. Analysts believe sentiment will improve as attention shifts to 2025 performance, and they told clients to "get aggressive" in building positions in their buy-rated chip stocks. One stock on Citi's list is Club name Broadcom , which is down about 1.5% Tuesday and down about 3% over the past month. "I still like Broadcom. My problem with Broadcom is that I don't have catalyst" to say buy the stock today, Jim said. Broadcom, which co-designs AI chips for tech firms including Google parent Alphabet, is scheduled to report Dec. 12. Fellow Club stock Nvidia , on the other hand, is continuing its strong recent performance, up another 2.5% Tuesday to bring its one-month gains to more than 10%. Nvidia reports next week. 3. Disney 's fourth quarter earnings are due out Thursday morning, and its recently soft theme-park business will be a key focus. If management has anything positive to say about the highly profitable segment, it "would really move the stock," Jim said. On Tuesday, Evercore ISI raised its price target on Disney stock to $128 a share from $105. The firm is bullish into earnings, expecting improving profitability in its direct-to-consumer streaming segment and strength in its movie-theater division. Analysts argued the softness in theme parks already well-understood by the market. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: Bristol Myers , Shopify , Tyson , Okta , and Netflix . (Jim Cramer's Charitable Trust is long HD, NVDA, AVGO, DIS. 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. 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.