Jim Cramer’s top 10 things to watch in the stock market Friday [Video]

1. Insatiable demand for AI computing from all hyperscalers, including Apple. That’s the takeaway from Club holding Broadcom’s earnings report, which has shares soaring more than 17%. CEO Hock Tan estimated its “serviceable addressable market” for AI is $60 billion to $90 billion by 2027. I also would be careful betting against the sagging Nvidia after this, even as people dissemble about the fellow Club stock almost daily.

2. My trusted momentum indicator, the S&P Short Range Oscillator, is at minus 2.19 after Thursday’s down session. Looking for this to bottom soon. Anything below minus 4 signals the market is oversold, which is usually my cue to put some money to work. Wall Street is set to open higher Friday.

3. Quite a few catch-up price target bumps for Club name Costco after the retailer’s better-than-expected earnings reportlast night made clear that its model is working worldwide more than ever. We also lifted our PT on the stock despite …