SPY QQQ Michael Cembalest, the influential JPMorgan strategist, is sounding the alarm on this earnings season. The suppliers of AI Equipment

SPY QQQ Michael Cembalest, the influential JPMorgan strategist, is sounding the alarm on this earnings season. The suppliers of AI Equipment, "free cash flow for Semiconductor companies (the caboose)," are doing great even as the consumers, "the front end of the train (hyperscalers)," have not been able to monetize. With cheaper models out there, is there value to owning a lot of these customers? - per Cramer Investing Club Newsletter