Jim Cramer says this company's spin-off could unlock significant upside

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 Monday's key moments. 1. Stocks opened lower Monday as oil prices climbed. "It's Iran that's controlling the opening," Jim said. Reports indicated that Iranian negotiators halted communications with the U.S., while U.S. Central Command said American forces intercepted two Iranian ballistic missiles targeting U.S. personnel in Kuwait. The rise in crude weighed on consumer and discretionary stocks, though strength in several technology names helped cushion the broader market. 2. Club holding Nvidia rose 4% Monday after CEO Jensen Huang unveiled a series of new AI initiatives at the Computex conference in Taiwan. The gains helped reverse Friday's slight decline, which Jim attributed to short-term trading dynamics rather than any deterioration in the company's fundamentals. Jim said Nvidia's push into PC processors reinforces the company's long-term growth story. "This is a paradigm shift," he said. Jim also argued that Nvidia's latest announcements show AI infrastructure spending is generating real returns. "Compute equals money," he said. Monday's rally, alongside gains in Club name Arm Holdings , strengthened his conviction that investors are beginning to refocus on Nvidia's next phase of growth. 3. Monday marked the first trading day for FedEx Freight following its spin from Club holding FedEx . …