Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were rebounding for the second straight day as AI disruption fears that crushed the market on Monday eased. In a possible signal that the software selloff has overextended itself, Workday brushed off a 9% decline in the premarket and was more than 2% higher in afternoon trading. How Salesforce stock reacts to earnings Wednesday evening will be another data point we can use to determine if the software carnage has gone too far too fast. Salesforce shares rose 3% on Wednesday after Tuesday's 4% rise, which broke a prior three-session losing streak. In another major market theme Wednesday, banks and credit card stocks were rebounding after President Donald Trump did not bring up his plan to implement a credit card interest rate cap during Tuesday night's State of the Union address. Shares of Club names Capital One and Wells Fargo jumped more than 4% and 2%, respectively. Hyperscale capacity additions are similar to revenue guides . That's what analysts at Bank of America reminded investors on Wednesday when they reiterated their buy rating on Amazon , a major Club portfolio position. The BofA note points out Amazon's plan to double its Amazon Web Services (AWS) capacity by 2027, with power increasing to over 31 gigawatts (GWs) from 15 GWs at the end of the third quarter of 2025. Based on the incremental revenue each GW provides, the analysts estimate AWS could generate $164 billion of revenue this year, growing to $209 billion in 2027. Both of these figures are above the Street consensus. The market was spooked by Amazon's $200 billion capital expenditures forecast for this year. But those investments should prove worthwhile as the added capacity is rapidly monetized. If AWS revenue growth continues to accelerate above what the Street currently expects, the market will come to realize this capex spree was worth it and reward the stock. Aerospace and defense stocks were sitting out the rally in the market. Boeing , GE Aerospace , RTX , Lockheed Martin , and L3Harris were all lower after Trump said at the State of the Union that he prefers to use diplomacy to make a deal with Iran. In other news, German Chancellor Friedrich Merz told reporters after a dinner with Chinese President Xi Jinping that Airbus may receive an order for as many as 120 commercial jets from China. Perhaps there is some disappointment that Club name Boeing didn't secure this order, but that's not our read. Trump is scheduled to travel to China from March 31 to April 2, and that has us thinking that if there's a deal with Boeing to be had, it could be announced then. Why does China matter? The country has not ordered a Boeing 737 since 2017, and previous reporting has indicated the two were in talks for a 500 jet deal. Up next, in addition to after-the-bell earnings from Salesforce, fellow portfolio name Nvidia reports its quarterly results. Other earnings Wednesday evening include Snowflake, Trade Desk, Synopsys, Pure Storage, and Zoom Communications. Before Thursday's opening bell, we get quarterly numbers from portfolio holding Qnity Electronics , which spun off from DuPont last year. Vistra Energy, Celsius Holdings, and Hormel Foods are also out with earnings Thursday morning. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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.
