Jim Cramer's top 10 things to watch in the stock market Wednesday

My top 10 things to watch Wednesday, May 6 1. Stock futures jumped and oil plunged this morning after Axios reported the Iran war may be nearing an end soon. Washington and Tehran are the closest they've come to an agreement since attacks began on Feb. 28, the report said. The S & P 500 and Nasdaq both closed at records highs yesterday. The market isn't overbought either. 2. Winners if the war actually comes to an end? Travel and leisure stocks. Aerospace too, especially Club name Boeing . Big moves across the group this morning. Delta is up 6%. GE Aerospace and Boeing are each up about 4%. What else is next for Boeing? President Donald Trump is set to meet with China's Xi Jinping later this month, which could lead to a big aircraft order. 3. Club names Corning and Nvidia announced a massive deal on optical technology. Corning will build three new plants, increasing its domestic optical manufacturing capacity by 10-fold. Nvidia secures the supply it needs as optics replaces more copper in data centers. That shift is the reason we bought Corning for the Club in October. Corning is soaring 15%. Nvidia added almost 3%. 4. Another AI winner: Advanced Micro Devices . Second-quarter guidance issued last night was much better than expected, helped by surging demand for CPUs due to agentic AI adoption. CEO Lisa Su predicted the server CPU market will reach $120 billion by 2030. What we're seeing in semiconductors is secular growth for a once-cyclical business. …