Jim Cramer on Apple iPhone data that shipments to China surged in April

News Snapshot:

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. The Nasdaq on Tuesday shot up past 17,000 for the first time ever — driven by further gains in shares of Club name Nvidia . In response, Jim Cramer said, "Nvidia is capturing so much of the mindshare that maybe people are selling [the broader market] to make a bigger position in Nvidia." Shares of the AI chip giant rose 5% — extending last week's rally, which was spurred by another fantastic quarter , guidance...