A future lift for Nvidia's stock may come from outside the tech industry

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 Thursday's key moments. The S & P 500 was lower Thursday ahead of arguably the biggest economic data point of the month due out Friday morning in the August nonfarm payrolls report, which will shed more light on the U.S. job growth.

"This is an animal to itself," Jim said of Broadcom. "I'd like to think of it not as an Nvidia play but as a broad technology play," he added, noting it also has a robust software business. Nvidia rose more than 1% Thursday as a pair of positive headlines are in the air. On Wednesday afternoon, the leading AI chipmaker told Jim that it had not received subpoenas from the Department of Justice over antitrust concerns, contradicting a media report a day earlier.

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