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 Tuesday’s key moments. 1. The S & P 500 is on pace for its fourth straight losing session as AI-related stock valuations continue to concern investors. It would mark the broad-based index’s worst stretch since August. Bitcoin also briefly fell below $90,000 before rebounding. “These are the days where you have to watch [the stock market] go down and you look at your stocks and try to find which ones you want to buy more of,” Jim said. According to Jim, this line of thinking has always led to generous rewards. Staying true to his word, the Club bought more Home Depot shares on Tuesday morning after the stock fell nearly 4% following a missed quarter. Once interest rates are lower, we expect the stock to benefit from pent-up housing demand. The Club also cut our Disney position in half due to continuing headwinds. A small part of the cash was used to nibble on some of the home retailer’s shares. 2. Microsoft announced Tuesday that Anthropic has committed to buying $30 billion of Azure compute capacity as part of a strategic partnership with the artificial intelligence startup and Nvidia . Microsoft will invest $5 billion in Anthropic as part of the deal. Meanwhile, Nvidia will invest $10 billion in the startup. “Nobody wants to see these kinds of deals,” Jim said. “What people want to see is a cessation of big [AI] spend.” Shares of Microsoft and Nvidia are down roughly 3% and 2%, respectively, on Tuesday. 3. On Tuesday, Honeywell got hit with a rare double downgrade by Bank of America. Analysts cut the stock to a sell-equivalent rating from a buy, and lowered their price target to $205 from $265. Although the firm acknowledged that breakups like Honeywell’s historically do create value, Bank of America still sees the industrial conglomerate’s catalyst path as challenged. Jim, however, described the Wall Street call as “shameful.” Instead, he praised Honeywell’s upcoming spinoff of its aerospace division. “The aerospace pureplay will be amazing to own,” Jim added. “You have to take the other side of the trade.” Honeywell shares tumbled more than 2% Tuesday. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Cloudflare , Kroger, Medtronic , Axalta Coating Systems , and MP Materials . (Jim Cramer’s Charitable Trust is long HD, DIS, MSFT, NVDA, HON. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.