Why Boeing and Honeywell are rallying — plus, the AI trade gets another boost

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are pushing higher for the second day in a row as the S & P 500 and Nasdaq make new records. Enthusiasm for the AI data center buildout continued to gain momentum, thanks to a bullish CPU market outlook from Advanced Micro Devices and Nvidia entering a multiyear commercial and technology partnership with Corning to expand domestic manufacturing of fiber and optical connectivity. The deal gives Nvidia the option to purchase 15 million shares of Corning at an exercise price of $180 per share. Nvidia also has a pre-funded warrant to buy up to 3 million shares at a purchase price of $500 million. Corning shares jumped more than 10% on the news and enthusiasm from its investor day, to roughly $183, putting the 15 million-share warrant immediately in the money. The other major headline was optimism that the U.S. and Iran are nearing a deal to end the war and reopen the Strait of Hormuz. Reports indicate that the two sides are moving closer to an agreement to end the conflict, though President Donald Trump warned that without a deal, "the bombing" will resume "at a much higher level and intensity than it was before." The update was enough to send WTI crude prices back into the mid-$90s and push interest rates lower. …