Jim Cramer sees these 2 stocks as buys after a busy night of Big Tech earnings

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. 1. It's the final day of April, and even though stocks were flat to down in Thursday's session, the S & P 500 is still on pace for a banner month — up nearly 10% ahead of the close. The Nasdaq is tracking for a nearly 14% monthly surge. The Dow , not too shabby, is poised to add nearly 7% for April. There were mixed post-earnings stock reactions for our four hyperscalers. Jim Cramer ranked the reports: Alphabet , Amazon, Microsoft , and Meta Platforms . Alphabet was the only stock higher — up 5%. Meta was the worst — down roughly 10%. Jim's only buy recommendation here is Amazon . 2. There is a belief in the market that this quarter is when all the AI spending started to pay off and show up in the numbers. A big loser on the hyperscaler earnings Thursday was Nvidia . Shares, which had been rebounding in recent weeks, sank more than 4%. There was a lot of talk from Alphabet about its custom TPU chips and from Amazon about its in-house Trainium silicon. That's all well and good, but all four companies still buy lots of Nvidia. The drop in Nvidia shares is "fear talking," Jim said. Don't sell Nvidia, which reports its earnings in a few weeks. That's when we'll see how much the hyperscalers' spent on Nvidia. Jim said that investors without a Nvidia position could pick some up here or if it goes a bit lower. (See here for a full list of the stock, including GOOGL, AMZN, MSFT, META, NVDA.) 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.