trade when she has it coming back in august. why, because we're the yankees. >> better be able to sign them or it was an expensive one-year rental. >> gold ain't done. >> thanks for watching "fast money." "mad money" with jim cramer starts right now. "mad money" starts now. >> hey! i'm camer. m welcome to a seattle edition of "mad money." from the iconic space needle. i'm just trying to make a little money. my job is to educate and teach so call me at or tweet me. while we're out here getting a bird's eye view of the great

city of seattle i've been thinking a lot about how the generative ai revolution is once again becoming the dominant theme in the stock market. today we saw how it can dwarf all others in the average as any stock with exposure to what's essentially a whole new industry erupted higher. that's how you get a sense from the dow up 63 points. s&p gains .8%. and the tech-laden nasdaq filled with ai-related stocks pole vaults 1.37%. >> buy buy buy! buy buy buy! >> the generative ai stocks are roaring because the pioneers in this industry are doing everything they can to mainstream and commercialize the technology. which i can assure you is for real. and potentially extremely lucrative. and that is no hype. i know people -- plenty of people actually who think the ai rally is overdone. but if anything i think most investors aren't aware of the lasting and powerful importance of this story. and even wall street isn't caught up to speed yet. and that's how the stock of amd

can jump nearly 10% after showing off its new ai chips. while alphabet gained over 5% when it highlighted this gemini insanely cool ai tool. and nvidia tacked on more than 2% i don't know, because of ai semiconductor demand. with amazon rallying too. amazon's our noex as we air the second part of my interview with ceo andy jassy later tonight. the most immediate spur, yesterday's key product introduction, amd ceo lisa suh talked about how she thinks it will be a $400 billion industry in the next four years. that's on its own. but she was saying it could be as high as 200 billion back in august. so clearly dr. suh feels much more bullish about ai than she did then. for the industry's prospects to double in five months is simply unheard of. really. i've searched the annals. i can't find anything like it. that's how amd stock can rally like this after it introduces some new chips that can speed

the revolution along. investors realize there's room for more than just market leader nvidia. i am a huge fan of amd, and it was a substantial holding for the trust before we took some big profits. but members of the cnbc investing club know we went all in nvidia, which has a huge software component and its graphics cards and is also supply constraint across the board. nvidia isn't threaten bid amd because it can't come close to meeting the demand for its own chips even as amd's products seem pretty darn fabulous. by the way, amazon ceo andy jassy told me that amazon web services will be using nvidia's incredibly powerful grace hopper super computer chips for their cloud infrastructure platform even as it too is making chips for ai. despite reports you may hear the relationship between nvidia and amazon is solid. apparently the migration to the cloud still has a lot of runway. i was stunned when jassy told me that 90% of computing is still done on premise, off the cloud. it is the customers left behind by the ai generative revolution if they don't move to the cloud

soon. i think the competitive advantage of the companies that make the switch to the cloud is so stark that it's basically a change or die situation and the only outfits that can handle the traffic are amazon web services, google cloud and microsoft's azure. now, i see microsoft as the undisputed leader in ai. the launch of its co-pilot platform has been incredibly successful. i know from talks with the company that co-pilot's unrivaled in its ability to help businesspeople do their jobs better. i love the idea that business people who struggle, say, with the ability to translate new concepts into a digestible form for, say, investors or banks to understand, they can't get it, or writers were blocked and need inspiration to help with the numbers, they can turn to co-pilot to solve their problems. until i came out here i had no idea that co-pilot's so far ahead when it dumbs to practical everyday business uses. but that's the reality. aided in part by microsoft's brilliant investment in openai. the outfit between chatgpt. yesterday we got some news from alphabet which was widely

rumored to be well behind the competitors in this space. they took this gigantic report revealing gemini, their entry into generative ai,and it is dazzling. you can watch the six-minute video, which i want you to do, on x, the platform formerly known as twitter. without any code you can banter with gemini. and this thing can recognize shapes, colors, items, movies. i was blown away by its creativity and its dry sense of humor. take a look at these two examples from gemini, and you'll get the gist of it. >> i know what you're doing. you're playing rock paper scissors. >> what do you see now? >> the fingers are spread out to look like the wings of a butterfly. >> what's this? >> big ear and barking mouth. a dog. >> what movie are they acting out here? >> i think they are acting out the famous bullet time scene from "the matrix." >> all right. that's what sent alphabet's stock up 5% today, as investors

caught up with what they're doing in ai. until yesterday i think people were under the illusion that google was still stuck in search mode. the gemini video shows you this business is much more than just search and youtube, hence why the stock's playing catch-up with the rest of the ai cohort. as for amazon shareholders, oh, don't worry, generative ai is already deeply embedded in amazon's business. it's now amazon understands what people around the world might want before they even know what they want. it's how they can send you same-day consumables, a wondrous change that makes this so you don't need to go to the store for staples and find a clerk to unlock the plexiglass it's hidden behind. just order them online. you'll leave -- you'll go to the office, when you get back they're on your stoop when you return. one thing i know, people -- many people i meet still struggle to understand what generative ai really means. especially if you're my age. if you don't get it, maybe a football example. i always find these help. let me give you this. this is a cool one. check out an amazon nfl presentation of prime vision using next gen stats. coaches work hard to disguise

their plays. but after about a quarter of football amazon's generative ai is now up to speed and ready to predict a lot of the moves in advance, intragame, including whether a blitz might be coming and who's going to do it. it's insane how often they get it right. this thing's smarter than bill belichick. at least when it comes to picking up the blitz. you can run but you can't hide from generative ai. it knows everyone's next move. even the masters of nfl disguise. so let me give you the bottom line. i know it seems old hat by now, but generative ai just keeps astonishing us. and as long as it does, the stocks behind it will astonish too. let's go to the phones. let's go to joseph in hawaii. joseph! >> caller: good morning, mr. cramer, and aloha from the big island of hawaii. how are you today? >> mahalo. i am good. how about you? >> caller: i'm doing well. first-time caller but long-time viewer. thank you for taking my call. >> excellent. >> caller: a big shout out to all your hard-working men and women on your staff.

and thank you for all your immeasurable wisdom and guidance over the many years. >> you're kind. my staff is unbelievable. >> repor >> caller: well, our good friends at blackstone have offered to purchase rover for $2.3 billion. and yes, we all love our fur babies. jim, with an eye to history, blackstone purchased hilton in 2007, took on substantial debt during a major restructuring. it was a leveraged buyout transaction. $26.8 billion. all cash. seven years later in 2014 hilton went public once again. the ipo was $21. today hilton is trading at $168. >> incredible. >> moving forward, i have three basic questions. what is your take on the rover acquisition? will any third party possibly bid to buy before the january

'24 deadline? and lastly, should i buy rover? thank you, jim. >> okay. no, don't buy rover. buy blackstone. now, we did cover rover earlier this week. it was right after elon musk spoke. and i think it kind of got lost in the musk shuffle. but that was i abrilliant deal. and blackstone is a great company. and there was some guy slandering it the other day. and i said do you know who you're slamming? it's john gray you're betting against. no one makes money betting against john gray. the generative ai revolution is happening right before our eyes and it's an astonishing development. it's leading to some incredible gains in stocks that are driving it all. on "mad" tonight coming to you from seattle's space needle, when the ceo of amazon joins you for the first time in 19 years you can't cover all your questions in just one night, can you? tonight my conversation with andy jassy continues as we take a deeper dive into the company's businesses. then home builder stocks are on the move hitting new highs as toll brothers reported a beat on the top and bottom lines. i'm breaking down the earnings and telling you if it could be the last or many of good

quarters. and is t-mobile coming in on a strong signal in market? i'm going to sit down with the ceo. so stay with cramer! >> announcer: don't miss a second of "mad money." follow @jimcramer on x. have a question? tweet cramer. #madmentions. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

(sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪

why are we the only birds heading this way? what ca[ screams ]th spy? we're trying to get to jamaica. stay close and... everything will be all right. i'm ok. i'm ok. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? did we peak your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide.

wireless that works for you. it's not just possible, it's happening. last time we got the chance to speak with andy jassy, the ceo of amazon.com, and we had so many questions that we couldn't cover it all in one night. we saved the stuff about his most exciting projects for tonight. so take a look!

>> so andy, we know about how artificial intelligence works. there's two camps, though. there's one camp which says we've got to be very beware of it. it could be a dangerous thing. we don't know what's going to happen. then there's another camp that says we can't all go to stanford com sci. it's millions of people involved in computing. democracy. which camp do you fall? >> i don't think you can fully be in either one of those camps. i think generative ai is going to change every customer experience and it's going to make it much more accessible for everyday developers and even business users to use. so i think there's going to be a lot of societal good. but you have to pay attention to some of the dangers of generative ai and you have to have the right security and you've got to make sure that the models are not overly ly hallucinating. so you do have to care about safety. in the businesses we operate in, whether you're talking about consumers in our consumer businesses or enterprises in our aws businesses, they're going to care about the safety pieces. so we have a lot of focus there.

but i also don't think that you should throw the baby out with the bath water. i actually think this is going to be hugely helpful in every customer experience. >> how do you know exactly what i'm going to buy before i know it? >> well, i don't know if we always know. but thank you. we work hard, you know, based on what you've bought, what you -- what other people have bought, similar things to what you've bought, where you're -- what you're actually looking at. we try to predict what you might be interested in to show you those things in recommendations. >> that is in many ways great customer service. nine years ago i came out and met with one of the nordstrom brothers and he said watch it, amazon's going to end up having the best touch. do you think you're there yet? more things you can do? >> oh, my gosh. i think that we do a very good job of recommending items to people and helping them discover items. and yet i think all of us on the team would say there's so much more we can do and we're constantly improving our models

and generative ai are going to make our models even about thor. it's also going to make discovery even easier. so i think we're pretty good at it. and i think we're still in the early days. >> i listen to the value of prime and listen to what you guys are offering, and then i think about the ftc and how the ftc frankly just feels that you're entrapping people in prime. it's almost laughable to me. you do everything you can to keep prices down. entrap? it's a joy. when you see these things, i know -- i'm not asking you to litigate here. but doesn't it seem almost -- >> thank you. >> -- a simplistic way of looking at things? >> well, we've said this a few times. we think they're wrong on the facts and and the law. and i think even on the prime issue you're talking about for us it doesn't really behoove us to trick people into signing up for prime because the prime subscription fee is a small part of the total value for customers and our business. what really works for us with prime and for customers is that they get the free unlimited shipping and they can use it off of amazon and they get all the

prime video benefits. it's that collection of benefits. and so if we somehow tricked people into signing up for prime and they didn't actually use the benefits it wouldn't really do us very much good. and customers actually -- we have many, many customers who found it easy to cancel prime if they decide they want to change. >> there are other people who say you're too big, you hurt small business. i think it's a canard. but i understand people can feel that way because of the size of your operation. >> i think if you really look at the facts, you know, what we've done for small companies and small businesses in this country and across the world i think it's pretty remarkable. we have a couple million small businesses that sell in our marketplace where they're able to have a much larger business and reach many more customers than they possibly could themselves. what's hard about starting a business is not putting up a website. that's relatively straightforward. it's about finding all the customers and having to pick, pack and ship and deliver to

customers. so the fact we do that for so many small businesses has changed the magnitude of what small businesses can actually earn. >> you guys in your quarter you talked about you've created, you've created millions of businesses. >> yeah. and we've done it in the marketplace and we've also done it in aws. if you think about in the old days if you were a startup you had to raise 4, 5 million dollars up front just to pay for your data center and your hardware and your networking gear. and then you get one shot of trying your idea. with aws you actually don't have to worry about spending any of your capital you raised on the data centers. and you can try lots of instantations of your ideas for pennies a month until you find traction. that has totally changed the game for small companies and start-ups. >> now let's talk about things i'm not sure are working yet. i find alexa stilted. sometimes she doesn't understand -- >> not enough personality for you? >> no, she doesn't. she's flat. look, she's a yes man. she does whatever i want. but i do feel like it's chb

conversational enough. can you change that? >> it's funny. our vision for alexa was to build the world's best personal assistant. if we were trying to just build a smart speaker, there would always be things to work on but we'd be much farther along. but if you want to build the world's best personal assistant that's a much bigger endeavor. people used to scoff at that vision, that notion. but if you study generative ai and you're still scoffing you're really not paying attention. it is going to happen. and with 500 million alexa-enabled devices out there with a couple hundred million active end points in entertainment and smart home and shopping and information, we think we have a real opportunity to be the leader there. and we're in the process of building a much more expansive model with alexa that will make her both much more knowledgeable and conversational. >> my trust is worried about the following, okay? satellites. you're selling cars.

you're doing health care. i worry okay, they're doing too much. you can't -- it's not humanly possible to do all the things that you're doing. >> well, the way we have always thought about new investments here at the company -- and again, i'm not saying it's the right way. it's the way we've always thought about them. is we ask ourselves four questions. we ask if we're successful can it be big enough to move the needle at amazon? is it being well served today? do we have a differentiated approach? and then do we have competence there? and if not can we acquire it quickly? and if we like the answers to those questions we'll invest. now, sometimes at least a very natural extension, like dipping into more international countries or grocery or buy with prime, and sometimes it leads to less obvious extensions. aws was not obvious to people given what we were doing. so each of those businesses that you're talking about, investments fit that criteria. just take kuiper, for example. there's a 5 400 to 500 million

house -olds around the world that don't have internet connectivity. that means they can't do business, education online, can't shop, entertainment. governments have no visibility. so the low earth orbit satellite we're building with kuiper is going to change connectivity for all those households who haven't had it. >> that's going to cost you a fortune. >> it's capital intensive up front. but has a lot of the same types of characteristics of aws where if you're willing to invest the capital up front there's a large market segment there that you can actually provide something that they couldn't otherwise have. and i think we can charge low prices and still make good margins where it's a good business for us. i actually am very bullish about that business. >> and cars? >> cars is really an extension of our retail business. so we did a strategic agreement with hyundai. and it's got three elements to it. the first is they're going to make their cars available on amazon. there really aren't any websites

where you can buy a car. they're usually lead generation for the dealerships. here what we're doing with hyundai is they'll have their cars available. customers will be able to buy a car end to end with whatever features they want and pick it up at whatever dealership they want and they get to take all the muck of having to negotiate and financing and waiting for the loan that takes three hours and it will take about 15 minutes on amazon. so it's going to be a great customer experience. then as part of the strategic agreement they're going to put the alexa experience in their cars and they're going to move their on premises infrastructure to aws. it's a very broad expansive strategic agreement. the selling of cars is really an extension of our retail business but we're very bullish about the partnership. they're very focused on customers like we are. >> health care very hard to do. and you're wading into that. >> if you think about that rubric i said earlier, are there customer experiences that are worse than -- >> no. passport and driver's license. >> but even some of those are getting better.

getting in the country is a lot better than it was before. for us i think when we tell our grandkids that the way you used to have to see a doctor was call three weeks in advance, drive 20 minutes, park, wait in the reception for 20 minutes, go into an exam room for 15 minutes, doctor comes in, talks to you for 10 minutes, drive 20 minutes to the pharmacy, drive 20 minutes to work or wherever you're going. they won't believe us. i didn't believe my parents didn't have color tv growing up. it's a radically different experience. it's a really amazing digital app with all your information readily available. you can chat with physicians, do video conferences. they have physical clinics. the doctor will come see you and spend 30 to 60 minutes with you. it's the patient's call. you can get appointments same day. you can see specialists next day. it's a totally different experience. then when you have to go to the pharmacy you can have amazon pharmacy deliver it and it's a really broad selection. it's great pricing.

we have programs like rx pass which allow for key generics for $5 a month to get unlimited amounts of that. these are very different experiences with health care and i think we can be a big part of that solution being a better experience. >> okay, i worry about international. it looks like it's about to go in the black. but it took you years and years and years. you have to be in india. it's the fastest growing big country in the world. but again, are we going to start zero and spend fortunes? ? i think you don't have to worry that much about international, jim. it's a really big business today and it's growing really nicely and i think it's going to be a very large profitable business for us. when you enter a new geography, you know, if you think about in our established international geographies, uk, germany, japan, growing really nicely, growing even faster than we anticipated. like the profitability trajectory there. we have a lot of new emerging markets. india, brazil, mexico, australia, africa, middle east, some countries in europe.

and you know, those are all places that want to have delivery and local operations. and when you launch those you have to lay down a certain amount of fixed cost. enough revenue to cover those fixed costs. but they're following the same type of trajectory the u.s. did and the uk germany and japan did. and they're all growing well. and the profitability is moving the right way. it's going to be a very large profitable business for us. >> what happened, what was the delta that it was so good this last quarter? so close to break even. so close. >> well, you know, we're continuing to grow at a more rapid clip than we might have projected and we're continuing to take our costs to serve down our fulfillment network. this changed our profitability profile. >> i do have something i want to add. i'm trying to figure out you guys must love my wife because there's a present from amazon on our step every single day. >> bless her, jim. thank you. great to see you.

>> that's andy jassy, president and ceo of amazon. thank you. >> thanks for having me. >> announcer: coming up -- what's a move in mortgage rates mean for a home builder like toll brothers? cramer checks out the foundation of a cohort with a home field advantage. next. something amazing is happening here. students are inspired and engaged. that's because school districts consulted with cdw to design modern classroom solutions with preconfigured hp devices

making education immersive, accessible and secure. now, when researchers study elephants, kids learn from 9000 miles away. make amazing happen. hp and cdw.

welcome back to "mad money." coming to you from the iconic space needle in seattle. now, a year or two ago if you had told me that we could have the highest mortgage rates in decades and some home builders would be hitting new all-time highs, i would have just laughed in your face. but that's exactly what we're seeing in toll brothers, the luxury home builder, which soared again after it reported a great quarter on tuesday night. the whole housing complex got obliterated this fall when long-term interest rates were soaring because historically these are terrible stocks to own

in that kind of environment. for example, toll brothers lost almost 20% of its value from its september 1st high to its low on october 25th. since then rates have pulled back and home builders have rebounded. the average 30-year fixed mortgage rate has fallen from 7.8% in late october to just over 7% now. but man, 7% is still pretty darn high. at least in the standards of the last 15 years. and you know what? these stocks were right to rebound. toll brothers reported a terrific quarter on tuesday night and the stock gained nearly 2% yesterday before packing on another 2 1/2% today pushing it into all-time high territory. sales and earnings beat even though deliveries were down their average price per unit was up nearly 13%. this is not supposed to happen at this point in the business cycle, people. meanwhile, toll's margins are expanding because their input costs keep coming down. in fact, business is so good that the company's aggressively buying back its own stock. retired 4% of the share count in

just three months. in the 12 months ending in october they repurchased 7.9 million shares at an average price of 72. hey, impressive. this stock's down at 91. what else? many of the forward-looking metrics here were solid. with contracted homes, net signed contract value and total backlog all basically in line with expectations. and remember this is during a period when mortgage rates soared. that's not a good environment for selling homes. but given the pullback in interest rates since late october what about the future? on the conference call the ceo said it remains solid into the second quarter. possibly better than how things look at this time of the year. he also said rates may drop further just in time for the company's main spring selling season. i think that's very encouraging. it's a major industry why toll brothers issued robust xwiens for both the current quarter and the next fiscal year. although honestly i think they lowballed the forecast. so how the heck is toll brothers holding on this well despite higher mortgage rates than we've had in decades?

well, i got a chance to speak with doug yearly earlier this morning on "squawk on the street" and he confirmed something i've been saying for quite a while. while the spike in mortgage rates has hurt them it kind of helps them a little too. people who got ultra cheap mortgages a few years ago routinely at half the rate they are now, are very reluctant to sell their existing homes unless they can afford to pay cash for a new one. that's contributing to the massive housing shortage in this country and a housing shortage is great for the home builders. listen to this. >> historically, about 10% of the homes in this country are sold as new homes. 90% are resales. but with the people that own a home locked into a 3% to 4% rate the resale market is completely frozen. it's at historic tight low levels. and now 30% of the homes in this country that are sold are new. so there's a migration to new because we have the homes, they're energy efficient, the architecture's great, we can buy

down mortgage rates and so we're really benefiting. the old trade was when rates go up sell the builders. and that has just not been the case. and so the industry has really benefited. >> even among home builders toll brothers is doing particularly well. a lot of that is because they do high-end houses. so many people are buying toll brothers homes, they're averaging a little over 1 million bucks, with cash or huge down payments. and you can't do that unless you're relatively wealthy. still given this stock's up 83% for the year, i know what you're thinking, can it keep running? i think it can. i'll tell you why. the home builders are due for what's known as a wholesale rerating where wall street collectively decides to pay a lot more for a given industry's earnings. right now toll sells for 7.4 times next year's earnings estimates. investors are beth the earnings are going to evaporate now that earnings are so high. but while toll's earnings were expected to fall last year they held up better than anyone

expected. in fact, the company delivered five monster earnings beats in a row and earnings per share ended up going 13% in the fiscal year that just ended in october. it kind of blows me away. it sure does deserve that rerating. now, look, eventually what's going to happen is this. the analysts will stop being surprised by the great numbers toll reports and that's when the home builders will get rerated. the stock is cheap because people just don't think toll brothers can continue to make the numbers. but once wall street believes the numbers the reality, it will get a higher valuation. maybe befitting of the secular growth. i can't believe i just used that for a home builder, but secular growth that toll's generating. why isn't the industry seeing the same kind of housing bust that we usually get at this point in the business cycle? the home builders are a lot more disciplined than they used to be. they don't go crazy buying land and overbuilding when times are grim, which they always did that. which means he the didn't get stuck with tons of excess inventory once the fed started tightening aggressively and had to cut price, cut price to sell

the houses. once wall street realizes that this is the new model i think the stocks in the industry will be worth a heck of a lot more. if people just pay ten times earn forgets toll brothers up from the 7.4 times earnings they're paying now, this $91 stock would be at $123. that wouldn't shock me at all anymore. plus given the company's track record i wouldn't be at all surprised if the earnings estimates continue to be too low. remember, these guys earned $12.36 in their 2023 fiscal year but 12 months agoat analysts thought they'd only make $8.50. let me give you the bottom line here. toll brothers can keep hitting all-time highs because nobody expected their business to hold up so incredibly well to begin with during what's supposed to be a huge housing downturn. and now that interest rates are headed lower i bet toll brothers stock has a lot more room to run. let's take calls. jeffrey in massachusetts. jeffrey! >> caller: hey, cramer, pal. what's up? sorry about your birds the other night, buddy. >> hey, man, we've got a game sunday. what are you worried about? new one coming up. forget the last one.

what's going on? >> caller: just kidding from a chiefs fan. all jokes aside -- >> how'd you do monday night, joker? i'm sorry. which stock? >> caller: carrier, my man. cooling off -- >> you confused me with the chiefs thing. carrier has got this acquisition in europe, and it's dogging the stock. and i think it shouldn't. i think that gabe gitlin has done a very good job here and i think that carrier is a buy. but i've got to tell you, tt is doing better. that is trane technologies and that is the one i'd take over right now. i think toll brothers can keep hitting new all-time highs from here because their business has held up so well over the past year and now they have the wind at their backs and lower interest rates it's really going to be just clean sailing going higher. much more "mad money" ahead including my exclusive with t-mobile. could the washington state-based telecom have you phoning in to profits? don't miss my sit-down. then is the ev trend short-circuiting? i'm giving you my take. and all your calls of course

rapid-fire in tonight's edition of the "lightning round." so stay with cramer!

over the past six months long-time cramer fave t-mobile has exploded higher, up 25% from its early june lows. break out to new all-time high territory within the past week. now, the stock's been on a roll ever since t-mobile reported a beat and raise quarter in late october not long after they announced a huge new dividend buyback program in september. what comes next?

well, while we're out here in washington we made sure to look -- we had to spend some time with mike sievert. you can't come here without doing that. president and ceo of t-mobile. to get a better sense of what's happening. mr. sievert, welcome to "mad money." >> thanks for coming up to the corner of the country. >> i love it here. just fantastic. three years ago you laid out to me what i thought was a frankly too bullish view, which is that you would have 300 million people covered with 5g. it was a monumental goal. and you did it what does it mean for your company and where does it put you versus the competition? >> well, thanks, jim. you're not alone. most people didn't believe us. this country is vast. think about this. to cover 100 million people and then to go to 200 is three times more land mass. and then to go from 200 million people to 300, again three times more land mass. it gets harder and harder. we have covered this entire country. 300 million people with mid-band 5g. and that ma tha means is our customers are experiencing faster speeds, more connections

to 5g. and that's more important now than ever. because they're relying on their smartphones now more than ever. >> one thing you have to explain to people, especially us city folk, we talk about rural and i think there's like 100 people in this country with rural. it's actually a huge group of people and you're trying to make it so everybody in rural areas has phone service. >> yeah, we count up the entire area of rural areas and smaller markets. so 40% of the population. and three years ago we were no place in this. our network was coming from way behind. q3 was a milestone for us in smaller markets and rural areas. for the first time ever in our history t-mobile was the share-taking leader in smaller markets and rural areas. and you talk about those promises we made three years ago when we were nobodies in this space. we said we'd be by 2025 a 20 share. that's starting to look like we might blow right past that. >> this stuff is really happening. i know when you said it, and we were in times square, i said i

wish you wouldn't make that promise. but you did it. now, we're seeing much of the communications sector frankly being decimated. it's just not working for a lot of these companies. is this the lone area where a lot of money can still be made? >> you know, honestly i don't get why others are hurt. i think the industry's a really healthy place to be. think about this. cash flows in this industry overall -- i'm not talking about t-mobile. in the industry overall are way higher than five and ten years ago. there's this 5g dividend unfolding that i don't think people talk about enough because the companies are benefiting. it's a very healthy industry producing great value creation across the board. led by t-mobile's value creation of course. but also that's not coming on the backs of consumers and business. in fact, consumers and businesses are getting more than ever. just compared to five years ago people are getting three times more data on their smartphones and they're using it at four times faster speeds. at about the same or lower prices. that means the per-unit price of this industry is incredibly

deflationary. it's falling through the floor in terms of the costs to move a gigabyte of data. video and -- >> i'm trying to think in my head while you're saying it. no other industry since 2019 the pricing is lower. >> that's the 5g dividend. the industry is bat well enormous cash creation and cash flows but so are consumers and businesses by being able to move massive amounts of data. at the dawn of the ai era the ability of people to move massive amounts of data from their mobile devicesize going to be more important than ever. >> you still have a fantastic deal with apple. is the iphone 15 still a great way to be able to get people to come in? >> when people get a new phone, it is a great chance for them to get a new carrier. and so that's one of the things that's driving our growth. i mean, every year when these new devices come out, you know, we come out swinging to show people that look, when you get your new device you might as well have it on the fastest 5g network and maybe we can save you some money along the way. >> have you looked at the vision pro? >> absolutely. >> any way that you could ever do a buy now pay later deal with

apple so i could get a vision pro if i go to t-mobile? >> well, look, for you -- >> the proverbial. >> the first one goes with your phone. so we generally don't do financing on things that don't connect to our network. but we'll see where that technology goes. because you know, i think we're going to see more and more devices that connect directly to the 5g networks instead of through wi-fi and through your devices. and that's going to be a fantastic evolution for this industry. and of course we're going to make those easy to buy. >> tell me about fixed wireless and success versus the cable companies. >> for the last five quarters in a row we've rolled out more growth in home internet than at&t, verizon, comcast and charter combined each and every one of the quarters. so we're by far the fastest growing in the space and we're the number 5 isp in the country nationwide now. most people don't know that. so millions of people are relying on us not just for their mobile phones but their home internet as well. and that's a showcase of the power of t-mobile's unique 5g network.

>> now, speak to me about what you guys were doing. we were surprised, in seattle is many ways the headquarters of generative ai. you've got microsoft, right? and of course we were at amazon web services. what can i do with my phone with generative ai, say, a year from now, two years from now? >> it's really interesting because today most people think of gen ai as being centered around text. and if you think of every great innovation in computing since the dawn of personal computing it has always started with text. right? when i had my first modem in the 1980 ands it made that noise and connected to the internet, it was sending just text. so that's how people think of gen ai. but that's not how it's going to unfold. gen ai is going to move massive amounts of video and augmented reality content data between your personal devices and the cloud. i saw your interview with andy. i thought it was terrific. >> oh, thank you. >> and he talked about how gen ai is going to usher in and sort of lock in the era of cloud even more. >> right. >> well, it's going to do the

same for 5g. because when you're moving massive amounts of information from your person to be processed by ai in the cloud, that takes connectivity. and of course that's going to showcase the advantage of our unique world-leading 5g network here. >> in other words, i'm always looking at share. how much you'll make per customer is a great way to value why i think your stock's going to keep going higher. >> well, we're just going to be positioned so well. as things unfold people are going to move about the world and need massive connectivity in the era of ai. and only t-mobile is uniquely positioned to deliver that kind of massive connectivity. >> i've been recommending your stock because everything you say about what you said you'd do happened. that's mike sievert, t-mobile president and ceo. tmus. "mad money's" back after the break. >> thanks, jim.

♪i'm hearing different ways for me to screen for colon cancer.♪ ♪it's time to use my voice,♪ ♪i've got a choice, more than one answer.♪ ♪i sat down with my doc.♪ we had a talk. ♪knew just what to say.♪ ♪i asked for cologuard and did it my way.♪ cologuard is a one-of-a kind way to screen for colon cancer that's effective and non-invasive. it's for people 45 plus at average risk, not high risk. false positive and negative results may occur. ask your provider for cologuard. ♪i did it my way!♪ - i got the cabin for three days. it's gonna be sweet! ask your provider for cologuard. what? i'm 12 hours short. - have a fun weekend. - ♪ unnecessary action hero! unnecessary. ♪ - was that necessary? - no. neither is a blown weekend. with paycom, employees do their own payroll so you can fix problems before they become problems. - hmm! get paycom and make the unnecessary, unnecessary. - see you down the line.

power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley.

the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com

it is time! it's time for the "lightning round" on cramer's "mad money"! calls -- buy buy buy -- sell sell sell -- play until you hear this sound and then the "lightning round" is over. are you ready skee-daddy? time for the "lightning round" on cramer's "mad money." let's have frank in new jersey. frank. >> caller: jim, how are you doing? thanks for taking my call. i was wondering if you'd be kind enough to give me your insight and opinion on cam-tech. would it be a buy, sell or hold? >> okay, frank, fabulous company. stock is too expensive. you must wait for a pullback. jake in north carolina. jake! >> caller: oh. boo-yah! >> you're up, jake. >> caller: hey there, cramer. >> spirited. what's going on? >> caller: hi.

so i came in with a question for atkore inc. atkr. >> i know it. listen, when i do anything defaulting steal i immediately default to nucor. you have to do that. it's the best in show. even if it's just peripheral. let's go to rob in virginia. rob. >> caller: hi, jim. thanks for taking my call. jim, i have a position in novavax with an average cost basis of 160. should i cut any losses and sell or hold on and wait for a recovery? >> look, i just dislike the company entirely and have done so for a very, very long time. even when it was much, much higher. so i have nothing good to say about it. let's go to farouza in massachusetts. farouza! >> caller: hi, jimmy. how are you? >> i am good. how about you? >> caller: i'm good. thank you. i'm a student at westfield state university in massachusetts. quick shout out to my finance professor mr. fiore. i wanted to ask you making its way back up recently, is there any hope for coinbase stock

regardless of its -- >> coinbase, the stocks doubled. i wouldn't worry about that. the stock has doubled. i'm worried about the fact the stock is too expensive. let it come in. peter in connecticut. peter! >> caller: boo-yah, jimmy. how are you doing? >> i am doing well, peter. how are you doing? >> caller: good. i've got a quick question for you. what do you think of eyepoint pharmaceuticals? >> this stock has just been straight up. therefore, i think the easy money has been made here. you've got to find something else. let's go to rob in california. rob! >> caller: boo-yah, jimmy chill! i'd like your opinion on american eagle outfitter. >> look, it's good. it didn't screw up in the past, though. i say anf is much better. that's the one to go with. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by charles schwab.

coming up, losing their charge? cramer switches gears toward the sobering reality of evs. when "mad money" returns. unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf.

get in and out with dia.

electric cars aren't economic. they don't hold their value. and they're real hard to repair. a couple years ago we thought they'd be the future of the automobile. now hardly a day goes by without more realizations that other than tesla no automaker's been

able to produce an electric vehicle that can keep up with a hybrid, the combination engine that's still heavy on fossil, light on electric. today's disappointment, a report from goldman sachs talking about how hertz has been hurt by its electric emphasis, having taken down a gigantic number of teslas hoping they'd hold their value better than the old-fashioned internal combustion engines. and listen to this. "hertz's outlier strategy of significantly investing in evs now 11% of the fleet has proved costly with one pressure on pricing due to oversupply, two, higher collision and damage costs at twice ice vehicles, and 3, higher depreciation as a result of lower resale value." all i can say is this is extremely disappointing. hertz was right that it needs to have teslas. but the increasingly existentialist elon musk is being proven wrong about the worth of his cars. they don't hold their value. no matter how much he says they do. and just because they have fewer parts it doesn't make them easier to fix.

what a comdown. on top of that the value proposition just isn't there without big government subsidies, especially when you consider the haulinfalling pric gasoline. i touched base exclusively yesterday with jim farly, the ceo of ford, which is an investment club holding. he told me what's selling. he said, "our hybrid sales in november were up 75% and up 23% for the year." he continued, quote, "we plan to expand our hybrid vehicle line-up and look to double our hybrid sales with the launch of the new f-150 hybrid truck due out in a few weeks." ford's not abandoning the electric space. far from it. and it does have the number one electric truck in america, the f-150 lightning. but legacy automakers make incredibly lucrative internal combustion vehicles that are loved in this country. being in that space has proven to be a lot harder than anyone thought. so we've seen a collapse in the electric vehicle stocks and anything connected to them. but one thing i feel very good

about after being out here in seattle is rivian. yes, rivian. which amazon owns more than a 16% stake in. they seem to have a game plan. rivian is popular passenger cars and delivery vans with delivery vans being especially exciting for companies that want to reduce their carbon emissions. just this morning stifel put out a piece recommending rivian which talks about their agreement with amazon for 100,000 vehicles along with some possibly revolutionary battery technology that could make their cars and trucks more economic. stifel's using a $23 price target for this $19 stock. at the end of the day, though, everybody was too optimistic about the electric vehicle space. including tesla. the value proposition seems to be sinking. even as the environmental imperative hasn't gone away. i just don't see how electrics take over the country unless the government subsidizes them even more, more heavily. or they allow cheap chinese imports. but that would be deadly for the traditional auto industry. and i don't see either plan

having much support in washington. yet reports of the internal combustion engine's demise, like it or not, have been wildly exaggerated. i like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money." i'm jim cramer. see you tomorrow. "last call" starts now! i am brian sullivan. tonight elon musk calling for bob iger to be fired. using a.i. to predict the jobs numbers. a tool you cannot get anywhere else. senator elizabeth warren slamming bitcoin. anthony scaramucci is here to respond. >> -- one of the best golfers dropped out of the pga. plus, a possible breakthrough in the treatment of sickle cell anemia.