Jim Cramer says it's time to trim this volatile AI chipmaker

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 Friday's key moments. 1. The three major indexes fell Friday, weighed down by weakness in technology stocks and higher Treasury yields. Semiconductor and AI-related names pulled back after a powerful rally, while investors rotated into beaten-down areas of the market, including select healthcare and software stocks. Shares of Club name Salesforce and ServiceNow jumped almost 4% and 5%, respectively. Micron , on the other hand, dropped roughly 5%. Jim Cramer said the market was experiencing "just a classic down day," with investors debating whether to buy the dip in high-flying tech names or shift toward lagging value stocks. The benchmark 10-year Treasury yield jumping to 4.58% added pressure to growth stocks. Investors were also digesting the outcome of the summit between President Donald Trump and Chinese President Xi Jinping , which failed to deliver the major breakthroughs Wall Street had hoped for. 2. Jim said the biggest disappointment of the U.S.-China meeting was the smaller-than-expected aircraft commitment for Club holding Boeing . Investors had been hoping for an order closer to 500 planes, but reports pointed to roughly 200 aircrafts instead. "This stock came in too hot," Jim said, though he added Boeing does not need China to succeed given its massive backlog and improving execution under CEO Kelly Ortberg. …