Wall Street praises Eaton’s AI bona fides. But don’t overlook our other data center play

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 Friday's key moments. U.S. stocks rose on Friday after an important economic measure for the Federal Reserve, the personal consumption expenditures price index , indicated that inflation eased in May. All three major stock indexes were up about 0.3%. Jim Cramer described the PCE report as "very good," representing an encouraging sign that the central bank's fight against inflation has been working. Jim also suggested some buying in the market Friday could be motivated by a belief that...