Cramer sees a 'sure signal to buy' stocks. Plus what we want from Amazon's results

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. Stocks rebounded Thursday after a sharp sell-off in the prior session sparked by the Federal Reserve's decision to hold interest rates steady. Semiconductor stocks and Club holding Microsoft , which is up 14% after reporting better-than-expected earnings , led the recovery. Jim Cramer attributed much of the rebound in chip stocks to the collapse of Leopold Aschenbrenner's technology-focused hedge fund. Since most of Aschenbrenner's positions were levered, the recent declines in semis would have forced him to sell to meet margin calls. With those positions now liquidated, Jim said this could signal a bottom for the AI trade . "I've seen many a hedge fund blow up over my period of trading for the last 44 years," he said. "It's one of the more sure signals to buy." 2. Shares of Club holding Meta sank 9% after the Facebook and Instagram parent reported what Jim called "a bad quarter" Wednesday evening. Although revenue beat expectations, he said investors punished the stock after management raised its capital spending outlook and earnings came in below analysts' estimates. Meta also failed to provide a clear roadmap for monetizing its massive AI investments. "My hedge fund hat would say sell it," he said. "I really didn't like the quarter." 3. Club names Apple and Amazon report after the close on Thursday. Jim said investors should pay close attention to how both companies discuss their AI strategies. He's also watching whether Apple's recent price increases have weighed on demand and if rising memory costs help boost margins. At Amazon, Jim wants management to better explain how its massive AI investments will generate returns and whether it continues highlighting its in-house chips over Nvidia's products. Portfolio director Jeff Marks said he would not take profits in Amazon because he remains bullish on the company's long-term outlook. 4. Stocks covered in Thursday's rapid fire at the end of the video were: Eaton and Linde . (Jim Cramer's Charitable Trust is long AAPL, AMZN, META, MSFT, NVDA. 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.