Chipmaker Marvell's strong quarter is good news for these 3 portfolio stocks

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 Wednesday's key moments. 1. Stocks rose Wednesday, with the S & P 500 and Nasdaq hitting fresh record highs in the session. The Dow Jones Industrial Average, meanwhile, also traded higher.

"All we did was stay the course, which is what you need to do with a really great company like ... Salesforce." 3. Marvell's blowout quarterly results and strong revenue growth outlook has its stock soaring more than 20% Wednesday. It's also good news for rival chip stock Broadcom , which we own for the Club. Marvell, which is in our Bullpen, and Broadcom both help tech giants create custom AI chips while also selling networking solutions for data centers.

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