Nvidia swings again — plus, an industrial name tied to the data center boom gets an heir-apparent

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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. Markets meander: The S & P 500 was struggling to hold onto slim gains Monday. It's been a choppy session for stocks, with Treasury yields falling and oil rallying. Nvidia was one of the stocks leading Monday's market to the upside. Shares of the artificial intelligence chipmaker soared 4.5%, driven partly by a note from UBS that acknowledged a potential multi-week delay in Blackwell shipments but said the gap will largely be filled by customers taking on more H200s. That seems reasonable to us. Blackwell is Nvidia's next-generation chip platform. Nvidia has been an extreme example of the recent market volatility. While still up a stunning 120% year to date, the stock has lost more than 20% from its all-time intraday high on June 20. Next boss: Eaton announced Monday that Paulo Ruiz has been named president and chief operating officer and will be added to the board of the electrical component company, effective Sept. 2. The promotion sets up Ruiz to become the next CEO of Eaton, which the Club owns for its exposure to providing power solutions to data centers. Craig Arnold, who reached the company's mandatory officer retirement age of 65, plans to step down next year at the end of May. Ruiz is getting a great hand from Arnold, who turned Eaton from a good company to a great one since taking over in 2016. We don't know much about Ruiz except that he led Eaton's industrial business for the past two years. We're interested in learning about his approach to M & A and portfolio management on future conference calls. Inflation: Over the next two days, investors get two major inflation reports: the producer price index on Tuesday and the consumer price index on Wednesday. The market has recently become obsessed with the health of the labor market — half of the Fed's dual-mandate — following a soft employment report earlier this month but fewer initial jobless claims last week. The Fed still needs more progress on price stability — the other half of its mandate — to cut interest rates. Central bankers received good news Monday ahead of the PPI and CPI data. The three-year inflation outlook from the New York Fed's survey of consumer expectations fell to 2.3%, the lowest reading in survey history. Up next: In addition to the key inflation readings this week, the consumer will be in focus with earnings from two major retailers and Thursday's July retail sales report. Home Depot kicks things off Tuesday morning. We're interested in hearing management's thoughts on the repair and remodel market and if they think demand will pick up after the Fed starts to cut rates later this year. We think lower mortgage rates are the key to unlocking more sales in this area, which is why we own Stanley Black & Decker shares. Lowe's reports earnings on Aug. 20. (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. 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.