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

My top 10 things to watch Tuesday, May 12 1. The market was on track for a weak open even before this morning's April consumer price index came in hotter than expected. CPI was up 3.8% on an annual basis versus 3.7% expected. The core rate, which backs out volatile food and energy prices, was a touch warm at 2.8% versus the 2.7% consensus. This is a setback for Fed interest rate cut hopes. 2. Nvidia's Jensen Huang is not on the list of CEOs going to China with President Donald Trump . He told me last week on "Mad Money" that if he was invited, it would be a "great honor" to represent the U.S. on the trip. So, I take it Jensen wasn't asked. Is the administration too worried about chip smuggling? It's great to see Boeing CEO Kelly Ortberg is going and a big plane order for the Club name may be in store. 3. We finally hear from Nvidia this earnings season next Wednesday. Sure, the stock closed at a record yesterday, but its 16% gain over the past month is nothing compared to the rallies in AMD and Intel . Wells Fargo likes the setup into the release, hiking its Nvidia price target to $315 from $265. The market worries this is as good as it gets for Nvidia, but analysts said the stock trading at under 20 times earnings on 2028 estimates is worth buying. 4. Mizuho hiked its AMD price target to $515 from $414. Analysts said that agentic AI continues to drive server demand. It's one of the hottest stocks in the market. Can it stay hot? We'll see. …