humbling thank you, c.q psx just continues to grind higher, my man >> good to see you guys. see you again sood than thank you for watching "fast money. "mad money" with jim cramer starts now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you a little money my job is not just to entertain but to educate, teach. call me at 1-800-743-cnbc. tweet me @jimcramer. nvidia's stock is not defying gravity with this magnificent 16% move today it's defying unwarranted

negativity and cynicism and a picayune way of thinking about how stocks are hostages to an all-powerful fed the dow jumping 457 points s&p gaining 2.1% nasdaq pole vaulting 2.9 % >> the house of pleasure >> we need to analyze why so many people didn't want to buy a stock that tacked on a record $277 billion in one day encompassing a record held by meta for the largest single session gain in stock market history. ♪ hallelujah ♪ first let's just say i did my best to get you in it. i've been recommending nvidia endlessly for multiple times a week both here and in the club for a decade now i knew early on that i had the by far the fastest processors because one of my old hedge fund clients was on the board of intel back in the day, was always upset intel refused to get into the speedy graphic

processing unit. but then ceo andy grove bridled at the thought back then gaming chips were considered low end and not good for anything beyond pretty video game graphics. they were cheap, they were cheesy, they were workless to him. meanwhile, companies like audi north america were telling me nvidia's chips were so much faster than intel's and everybody else's and it wasn't even an competition to ee to see who should put the chips into the audi i pursued the nvidia story aggressively and after that i came to you with the idea immediately. for years i've told you that even though nvidia seemed expensive the stock would always end up looking cheap in retrospect because the actual earnings would be much higher than expected. i documented this time and time again. yet for ages nobody seemed to catch on then you know what finally i got so darn fed up with my inability to get people's attention to buy the stock that i just renamed my darn dog nvidia. in a blatant gambit to sell you

on this amazing company. this $785 stock was just under $40 back then for the renaming i think the dog is what finally got through to some people because since that time i am stopped a lot and thanked for nvidia but why did i have to take the extremely shocking and irrational action of slapping the name nvidia on my half pit bull half who knows what rescue mutt to cut include the clutter? let's figure this out. first i blame the big picture strategy the talking heads who endlessly fixate on the fed, the fed, the fed, and then the fed including every fed official who wants to share his or her opinion on interest rates i'm not against keeping one eye on the fed that's essential, something i learned in 1982 when i was at goldman sachs. they reminded m he that high interest rates can take money from stocks as an asset class and of course they can signal there's going to be higher inflation. but even though the fed took rates extremely high in the early '80s, nobody ever suggested you should avoid microsoft or intel because rates were volatile. you would have missed out on two

of the best runs in history if you did that these days, though, we treat interest rates as the be-all and end-all. some of these pontificators make it sound like you shouldn't own any stocks at all if the fed isn't going to cut rates i was making millions of bucks in the market back then when rates were twice as high and this is coming after 11 straight hikes i'm sorry to be so blunt about it you about i can't come up with a more diplomatic way to say it they keep you from buying high-quality stocks. o'look at it like this, do you think jensen huang sat back at den yis where he thought of these graphic cards and said i don't know what the fed is thinking or i'm worried about the 2 rz and the 10s or what's loretta mester saying? too many people dwell too much on what i consider to be inside baseball stuff and miss the big picture. picture like the fact we have great leaders like jensen huang, elon musk at tesla, mark zuckerberg at meta they can triumph over this

noise. you think these guys paid attention to these faux constraints? no their eyes were on the prize in the end all this fed talk is only relevant to super large hedge funds, the ones so big that individual stocks aren't enough to move the needle so they don't even invest in them these managers obsess over the big picture because they can only invest in the averages. too much macro, not enough willingness to get your hands dirty learning about gpus versus cpus and generative this and large language model that. notice how rarely they talk about individual stocks? notice how rarely they ever help you? then there's the cynicism. we've got some bias in the media. anyone who's made a lot of smoin treated with a certain level of suspicion, with the exception of warren buffett everyone seems ton purely out for themselves what if there were actual leaders o'who jay long-term vision, one that can make you a lot of money if you just stick with them? that's why i say own nvidia don't trade it or own apple don't trade it there's no other way to get through to people that these ceos aren't simply overpaid carnival barkers or how about a belief that no company can be as big as nvidia

or apple or the other trillionaire names but why does nvidia have to be held to the standards of the small guy when it's starting a new revolution based on super fast computing it's not alchemy, it's blood, it's sweat and it is indeed tears. it is. go back 24 hours if you doubt me go back to what people were saying say it over -- let's go back to what people were saying tuesday. all right? the long knives were out for nvidia here and many other places because so many people just know -- let's put it this way. i don't think the critics even now what this company did. that's right so many of them. they didn't know what they did they don't know what nvidia's about. it's not just they didn't do their homework and believe me, most of them didn't it's that they haven't had a chance to go behind the scenes and know what this company's about. nearly five years ago i went to nvidia's headquarters and jensen huang asked me to speak to a computer, what he said was itching to paint whatever i wanted it to

i looked askance i told the computer, though, i wanted a cezanne seascape. two minutes later there it was the machine knew cezanne didn't paint seascapes but it gave it the old computer science try and it worked. jensen watched my amazement with glee next time i came out he actually made me. that's right with a philadelphia accent and all. which both cramer fave actress kate winslet and jensen describe as very hard to get right. only i could tell the difference except the jensen made cramer knew more about how to put on a show than i did. each time i come back from nvidia world headquarters and try to explain my amazement but nobody believed. i talked about how a fast food restaurant chain could replace the person on the drive-thru speaker phone with a computer that speaks 27 languages, never makes a mistake, labor savings, people of all nationalities picking your restaurant because of this nvidia system. not one of these companies had any interest not even a french fry's worth of curiosity. if i were frustrated you can

only imagine what jensen felt like and then out of nowhere chatgpt. chatgpt took the world by storm. friend of jensen's the technology was based on everything jensen had showed me for years. understand jensen and his team knew it was just a matter of time which is why he was ready with hundreds of thousands of graphics cards for that magic moment so what did you need to get nvidia right all right. you needed curiosity you needed a sense of wonderment you needed to suspend the endless cynicism you needed to unshackle yourself from the chains of the macro and you needed either some genuine homework or a qualified teacher like jensen himself or maybe you believe my analogy to taylor swift bottom line, in short, to nail nvidia you need to do the exact opposite of everything that captures the conventional wisdom of modern-day investing in this country. what a crime against rationality. a certain amount of skepticism is always healthy. but if you're trying to make money in the stock market, you've got to believe in something. if you can't do that, if you can't believe in the progress, if you can't believe in the

people, you'll never be able to stick with a winner like nvidia. it just cuts against the cynical zeitgeist. and guess what, it keeps you in the -- >> sell sell sell! >> -- trading chains ray in illinois, please. ray. >> caller: yo, philly chill. a big windy city boo-yah to ya >> nice. what's happening out there in the windy city >> caller: just a nice early spring day my question is regarding the stock that has been an absolute beast for my portfolio given their current valuation and nvidia's recent announcement they are creating a new business unit that will focus on application-specific chips as broadcom does, is it time to ring the register or does broadcom have further to run >> saw my friend stephanie link today and we were walking around right here on the floor and she and i were both singing the praises of abgo, which is broadcom it is not the right time to go from broadcom. look, moneymaker that stock is going to go

higher how about we go to sam in colorado sam. >> caller: jim, how are you? >> doing well. how about you, sam >> caller: i'm all right i think i have a stock that has two potential catalysts that could be massive and one giant issue. we've got to talk about rivian 2021 ipo massive ipo. stock now down 90% curious what you think about the valuation now that it's down at 10 billion -- >> i was bummed today. i went to see mr. scringe in brooklyn i was bummed because on his conference call he talked about historically high interest rates hurting the business i wish he hadn't said that he said it several times it doesn't jibe with what i think, which is that right now it's tough to sell these cars. and i did think the phil lebeau interview this morning was brilliant because he did put the feet to the flame and i didn't come away feeling as good as i wanted to. let's go to brooklyn, which i didn't know this, is in kentucky >> caller: boo-yah, jim.

i want to know your thoughts on airbnb >> i like airbnb very much look -- all right. riddle me this why does brian chesky not get the respect that so many of these other entrepreneurs? because i think chesky's fantastic. i like the app we use it. it is a buy. no, it is a solid buy. up 6 today you know what, we're not done. let's go to dan in georgia dan. >> caller: hey, jim. i'm looking to add a couple long-term marquee brands to my stock portfolio that pay dividends consistently so i've been checking out ford and coca-cola. specific to coca-cola, do you think this is a good time to get in or -- >> yeah, i think coke's doing well it's got a 3% yield. it consistently does well. james quincy is a really good manager. it's not going to shoot the lights out but we have some non-shoot the lights out stocks for the charitable trust and those do just fine. not everything can be nvidia

actually, nothing. here's the moral to my nvidia story. if you're trying to make money in the stock market, you've got to believe in something. if you can't do that, you'll never be able to stick with a winner like nvidia you'll never be able to own, don't trade. on "mad money" tonight california's largest utility is raising rates and restarting its dividend i'm talking with the ceo and she's been delivering. then a power player in the home improvement space. believe it or not the third best performer in the s&p 500 the last five years behind enphase energy and yes indeed, the only one -- at the one and only nvidia can you imagine we have nvidia talking about that how about this wing stop. flying high today. up over 100% in the last six months i'm hearing what's behind the recipe to success from the ceo and don't forget we care about percentage gains, not just marquee names. 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. (grunting) at morgan stanley, old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley.

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months ago on top of that after previously saying they could have 9% earnings growth in 2025-26 they say there's no risk into 2027-28. pg&e can make that kind of shot because the utilities have a tremendous amount of visibility in the future. very predictable business model. the stock rallied in response butball finished the day down almost 1%. money rotated back into tech i think it's an opportunity. let's hear from patty poppy, the ceo of pg&e. to get a better sense of the quarter and how things are going. welcome to "mad money. >> thank you, jim, great to be with you >> even someone on your conference call said it. what a bad day to report you got this nvidia, a juggernaut, nobody was thinking about a company quietly making you money that didn't go higher. i honestly think, and challenge me if i'm wrong, your company just didn't fit today's parameters. >> well, that's for sure this is a long game. we are writing a differentiated growth story at pg&e we're a growth utility

we deliver 12% eps growth in 2023 and you guys for 2024 to 2028 just like you said. i think in the long run this is definitely a place to be >> let's talk about some of the things people wereworried about. wildfire ignition rate new low. wildfire reduction 94%. up from 90 which people thought you could never do miles underground, 364 above target, below budget despite weather that would have made you feel you couldn't do it these are monumental monumental changes that you've made you should be proud. >> well, i'm proud of my team. there's no doubt they really delivered. and they continue to deliver and that's because we have a way. we have a performance playbook, jim. we call it our pg&e performance playbook and it's got lean fundamentals, lean manufacturing, lean operations we're deploying to the team, a safety management system and a way of changing our culture. and it's showing up in the results and those results are sustainable. it wasn't like a one time we had a good year. we're building at capacity to deliver year in and year out

>> last time i spoke to you we still had some fire victim trust stock out there that i thought was keeping a lid on it. that's now completely sold, correct? >> correct >> just done >> 100%. >> now, you also, if you listened to jensen today like everybody did, the number of data centers, we just need more and more and more. i thought the data centers said good-bye to california power's too expensive. didn't want to be there. looks like that certainly isn't the case anymore >> that's true we in fact in 2023 had three times more data center requests than we had in the year previous and you add in electrification of transportation, we had 27% of new vehicles sold in california in 2023 were evs and that's up from 23% the year before people are saying people aren't buying evs they're buying them in california and we get to power them >> let's speak of the distributive power for a second. we've had some disasters when it comes to stocks.

one of them was sun run. but they have a partnership where you're basically bidirectionally charging that seems like a win. >> yeah, we're using batteries as a partner to solar. solar by itself has certain benefits in the middle of the day. what we need is to have it dispatchable when the sun goes down, that we can still use that energy pairing it with storage was a big part of our strategy we were happy to do a partnership with sun run >> what i'm trying to find out is i like the stock for 20% but i'm trying to figure out what gets it to 20. i've been reading a lot of articles about san francisco coming back. we ourselves have seen it. and frankly i have not seen it yet. i'm from philadelphia, a town that never really came back from when i was growing up. is there are there green shoots in san francisco >> i would say there's green shoots all over the bay area san francisco, oakland, san jose we have the privilege to serve san jose and its surroundings. silicon valley we see a lot of growth happening

there. we've got lots of demand we are a good early warning sign, if you will, and we see increased growth and increased demand in those critical population centers and we are proud to serve silicon valley. >> that's a story that frankly is not getting out enough. i only read one article about it but i think sometimes you get out there and you have anecdotal evidence that things aren't turning. i don't know when people realize it but do you think it can snowball >> oh, for sure. at a minimum this transition, the clean energy transition is on in california i know there's a lot of politics and a lot of people trying to politicize the war on climate change but in california we have the fortitude, we have the plan, we have the targets and we're starting to show measurable progress to achieve them and pg&e as the largest utility in california is going to be delivering the energy for that clean energy transition. that is a growth story it's a growth story utilities have not had in decades. we have the story to tell here in california.

>> do you think there's a chance that california could move up the date that everybody's got to be electrified >> i don't think we need to move up the date. having all new vehicle sales by 2035 as electric vehicles is a pretty aggressive target but we're seeing progress toward that the most important thing is that we continue to invest in the infrastructure that both reduces the pace of climate change and is infrastructure that is hardened for the new conditions of more extreme weather like our underground program that we delivered last year. the miles we underground last year, over 360 miles, will protect 1500 families from ever having to worry, is that power line going to intersect with a tree in my back yard is the tree going to fall on that power line in my back yard? they can sleep easy now. they have the right infrastructure for the right conditions and when it snows there they still have power this is the right kind of infrastructure investment. pg&e gets to deliver that kind of infrastructure for the people of california. >> i think it's terrific

last thing that maybe could explain why people are reluctant to buy a lot of your stock, what's the pushback on higher rate situation for you >> yeah, i think affordability is key on top of people's minds. we are excited about the progress we can make continuing to lower bills we've had some big catch-up increases showing up for customers right now. but as we look forward to the rest of this year and '25 and '26 we're going to start seeing bills go down. and that'll be a new story for pg&e, and we look forward to tying that and serving our customers with our lean operating system we take cost out of the business every day. we in fact beat our target we had a 2% operating expense target reduction for 2023 and we delivered 5.5% that's almost half a billion dollars cost savings in 2023 we can pass along to customers. so i think we have to continue to earn the trust of our customers. we know that energy has to be more and more affordable we feel like we're the team who

can actually deliver that. >> so far you've delivered on everything you promised on "mad money. and that's for certain which will lead to a higher stock. patti poppe, pg&e corporation ceo. so great to have you back on the show >> thanks, jim great to be with you >> absolutely. "mad money's" back after the break. >> announcer: coming up, better know a builder cramer sits down with a supply company to help lay your portfolio's foundation next ♪ ♪ next.

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with nvidia getting all the attention today i don't want you to overlook the fact that another one of the market's best performers over the past five years, builder's first source, reported its own terrific upside surprises. this supplier of building materials to home builders and contractors delivered a massive 1.06 earnings beat over a 2.40 basis fueled by dramatically higher than expected sales on top of that management gave a terrific full-year forecast and announced a $1 billion buyback on top of the 1.8 billion of stock they retired last year the stock jumped to an all-time high i wouldn't be surprised if it's dot got a lot more room to run let's take a closer look with dave rusch ceo of builder's source. welcome to "mad money. >> thank you, jim. i appreciate you having me on the show >> it is very exciting to have you because we have been dealing with some of the companies

involved with -- terrific companies like home depot that are basically saying, well, things aren't that great, we don't really have the rate structure and people aren't moving like that then i looked at builders firstsource, which works with every big contractor and the big home builders. you guys crushed it. how can you crush it and some of the big dogs not do as well? >> i'll tell you what has been amazing. when we came into the year we were a little cautious as well and what proved to be a point is housing demand is really strong. and the demand for housing and the fact that housing has been underbuilt kept housing at a relatively stable level. that coupled with the fact that there's low existing home inventory out there, that set the precedent for national builders at least to work on, well, let's just get an affordable payment for new homeowners because we're really their only option. and those guys did a great job

figuring it out. they used the combination of interest rate buydowns they maybe, you know, reduced the size of the home less options but they got to a price point, a monthly payment, that people that needed homes were able to get into the home. so it's not robust, but they kept it healthy. we just need a little help on the mortgage rate side, and then we really have some positive thoughts that we're looking forward to >> it's incredible we just had 11 straight interest rate hikes and builders firstsource is one of the best performing stocks in the entire market. that is a tribute to you, to your team, but also a consolidated fragmenting industry and also i think most importantly technology you've got the technology that lowers the gross margins of the builders what i'm saying is because you do great technology they can make more money per house. >> what we've chosen to lead with, jim, is our value added

product portfolio. you know, one of the toughest things in recent times that builders have faced is labor constraints. so our value added solutions, our components that are built in a controlled environment, they get delivered to the job site, they're ready to install, addresses labor constraints. it addresses cycle time challenges and it's a higher quality product. so we have chosen to invest heavily in this segment. we're invested over 100 million in automation technology that also helps us control the cost or lower the cost of these products and address affordability concerns in that fashion. we've looked to ways to help reduce cycle times, give builders a better control over the labor constraint, and more importantly we've continued to add capacity all through this cycle, even though it's a flat cycle, because we want to be ready when housing does start to pick up to be able to service all our customers' needs with

these products >> can you talk about your value added products, which is kind of the secret sauce versus the smaller guys who just don't have that >> it's primarily trust and panel for the shell construction and then it's our component mill work ready to install doors and then windows we want to be the best at the stuff that's hardest to do these are the things that address current builder pain points better than lumber alone. lumber's always going to be in our dna. we love lumber we're good at lumber but we want to be the best at the value add solution because that's what differentiates us from the competition >> sir, i've got to tell you, you're brilliant at your use of capital. you are consolidating a fragmented industry in just acquisition after acquisition and it's clearly paying off. but you bought back a ton of stock when it was right. i think it's because the market doesn't believe in a builders firstsource but you do and you

know better. you're in your infancy when it comes to this. >> well, i think they're starting to learn. as you've seen the stock price recently but at the end of the day we've had a really disciplined capital allocation strategy. we start first and foremost with maintaining our fortress balance sheet. we don't want to ever be overlevered. then we go with our organic capex needs and the things we want to do to continue to grow organically. then we look to our m&a strategy, which we've been very successful at from 2015 all the way up to the current year last but not least we'll buy back our shares when we see they're undervalued. but we do that opportunistically and after we've looked at ways to grow the business >> i want people to know, it isn't like you go to the stores, this is not a home depot, these are professional stores. there's 570 of them according to your last deck but you're in 43 states. but sir, if i'm right, even though you have the national

reach right now and local expertise, there is room for a lot more builders firstsources around this country. >> well, we're in 88 of the top 100 msas so we are focused on growing where our customers are growing. but you're right we tailor our business to the professional contractor. 90-plus percent of our business is delivered to the job site we have a repair and remodel business, but it's tailored to more of the pro remodeler than it is the weekend warrior diy consumer so we believe there's still room to grow both organically and inorganically in the new construction space and like i say, with currently 60-plus percent of all mortgages are under 4%, low existing home inventory for sale, new home

construction is where people really almost have to go if they want to get into a new home. >> i've got to congratulate you. i'm so glad -- i know i caught you a little unaware but i saw the numbers, i said i've got to get this guy on, this guy is just delivering, delivering, delivering i love nvidia but i love people who make us money all the time and there's more than one nvidia in this market there's dave rusch who's the ceo of builders firstsource. what a performer and it's so terrific to have you on the show. thank you. >> thank you, jim. and thanks to the 30,000 bfs employees that make it happen. >> fantastic "mad money's" back after the break. >> announcer: after the break, come fly with me and bring your appetite cramer plays a game of chicken, next

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we've seen a lot of pushback against higher prices across the economy, especially when it comes to food. but that's not a problem they have at wingstop the number one fast casual chain reported a stellar quarter yesterday. nice top and bottom line beat paired with phenomenal domestic same-store sales growth. get this, up 21% wall street was only looking for 15%. management credit that almost entirely to transaction growth, meaning they don't have a volume problem at all we're going to get into that doesn't hurt chicken wing costs have come down meaning they don't have to raise prices to maintain profitability. initially the stock sold off that was stupid possibly because it had run up in the quarter wingstop's four-year forecast was in line but on further review it shot up 4.6% today people figured it out. new high does this thing have more upside or is it too late to jump on board? let's dig deeper with michael skipworth, president and ceo of wingstop, to learn more about

the quarter and what comes next. mr. skipworth, welcome back to "mad money"! >> thank you, jim. >> people want value, they want bargain, they want wingstop. talk about what it means to do it on transaction, not price >> we had a record year in 2023 for wingstop, the strongest year ever and we grew our business primarily by transaction growth. and i think that's because of two things we were very disciplined around pricing. we took one to two points of price, and what we saw was our value scores throughout 2023 improved and consumers, the research that we do, they tell us they prioritize two things, quality and value. and i think that's positioned us well to grow our business, increase transactions at an industry-leading level >> now, one of the things that you -- that people that might not understand this is you've got incredible operators i was talking before about philadelphia where you've got amazing wingstops. but the fact is people can't just go and say to you i want a wingstop 95% of existing partners, that's -- you have a solid

operators putting them up who know how to run them and therefore they make a lot more per unit than a lot of other guys >> that's right. that's right 95% of the restaurants we open where our brand partner's reinvesting into wingstop. and even more than that we opened 255 restaurants but we ended the year with a record pipeline of sold commitments, increased it by almost another 600 to 1,400 commitments going into 2024. >> also what's amazing to me, you guys -- someone on the call said, well, aren't there a lot of guys doing wings? i thought you might say yeah, well, that could be an issue but no, you're saying the category is still relatively unknown. >> yeah, we believe we're operating in a category of one and we see other brands try to add wings, promote wings, and we actually like that because if a consumer is aware of wingstop and wings are top of mind there's not a decision tree they're going to wingstop. >> you were about to launch a

new proprietary tech stack, my wingstop on april 1st. what will that be like >> jim, we're excited about which wing stack we ended the year with 67% of our sales coming through digital channels that's up over 63% a year ago. and we think my wingstop is just the next chapter in our journey to digitize 100% of our business >> now, it also seems that international still you've glot a lot of runway in international. you're only in ten countries >> we're in ten markets outside of the u.s we're actually seeing volumes consistent with what we're seeing in the u.s. strong returns a lot of demand. and we think that international business, it's supercharged for growth, it's gaining momentum. you combine that with our u.s. business we're at over 2200 restaurants and we think we can overtriple the size of our footprint. >> that is unbelievable. the other thing that when i look at what you guys are up to, i

see that you could go -- you went from 1.6 million units to 1.8. you think you can do $2 million a unit there's almost no chain that can do that. >> we have line of sight in expanding our unit volumes to north of 2 million we still have a huge gap with brand awareness. we're bringing in new guests via chicken sandwich the delivery channel is growing really strong for us digital expansion, all of those things give us confidence to increase our auvs from 1.8 to well north of $2 million and we're doing that on investment that's still less than -- >> the payback is what, a year and a half >> less than two years >> it's incredible to me 11 sauces plus whatever -- a featured sauce >> a little hot honey. we like to do that our guests really love it when we innovate with flavor. it creates flavor news, excitement it brings them into the restaurant and we really enjoy engaging with our guests that way >> heavy rotation during the nfl

worked for you, didn't it? >> it worked really well people say we see your commercials everywhere but we're still only on about one spot a game so there's a ton of runway strategy for us and our strategy's working and clearly it's showing up in the numbers >> those of you thinking i've got to own a wingstop, you only like operators who know what the heck they're doing, which is why it works so well correct? >> that's right. we have the heavy emphasis on operating great restaurants and our brand partners, team owners in the restaurants have done a fantastic job. we're measuring record levels in guest satisfaction scores which is helping solidify and strengthen the business. >> i've always tried to figure out because i wheb remember when you guys first came on it was 26 bucks. i liked it immediately, i liked the taste of it. i still think you have a lot of room because people still don't know. >> we do too and we're doing this in a highly franchised model we generate a lot of cash flow we just completed our first

share repurchase authorization, buying back stock. we bought it back at a really great price. and we're not done >> you've got those great operators. that model is the best in the business i've got to tell you, i am so impressed with what you've done. and i've been trying to buy one for many years because i don't own any, i do not own existing ones, i can can't get in, even though i have my own restaurants, didn't seem to matter at all. michael skipworth is the ceo of wingstop take a look at them. eat them they're fantastic. "mad money's" back after the break. >> announcer: coming up, cramer takes your calls and the sky's the limit. it's a fast-fire "lightning round. next (grunting) at morgan stanley, old school hard work meets bold new thinking.

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it is time it's time for the "lightning round" on cramer's "mad money. 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 start with brendan in new jersey brendan. >> caller: hey, cramer yeah i was going to ask about maybe a new dog name i'm not sure but have you heard of global foundry? >> sure. i know tom well, on tv the other day, tom caufield. it's an interesting stock. i'm not a big foundry guy unless it's taiwan semi and that's the one i like. let's go to bill in massachusetts. bill >> caller: hi, jim how are you this evening >> i am good, bill how about you? >> caller: jeff, everybody in the company, everybody's doing

great, the club. it's going fantastic i wanted to thank you for all that >> thank you >> caller: you hit it out of the park with nvidia you did. >> thank you very much >> caller: it's incredible the company i'd like to ask you about is danaher >> what a comeback danaher's made you're a club member you know that thing's been a rocket ship ever since the ipo started thawing. i think it could k. go higher. thank you for the kind comments. and yes indeed we've got our saturday club meeting. i can't wait to meet so many great people who are members of our club bruce in ohio. bruce. >> caller: i was just wondering your opinion on cal main boots >> unnecessary stock to own. ineffectual. i do like tyson on a discount. let's go to arthur >> caller: boo-yah, jim. how are you? i >> i'm doing well, arthur. how about you?

>> caller: great ai software consulting company thanks to you, man, i'm making money based on your recommendations. jim, i was just wondering about your expert opinion on this rock star company called workday. >> workday, salesforce and service now are the three that have the models that i like. they are true platform companies. we've been behind them all the way. i would double down right now on service now after what i heard them say last night. you've got three winners there marie in delaware. marie. >> caller: hey greetings from southern delaware, jim. thanks for taking my call. >> of course >> caller: first-time caller, third-year club member >> did you >> caller: my question is about vertiv i bought it in 2021 because of dave cody's leadership i worked for him when i was at honeywell. i was going to play with the

house's money. now i'm wondering should i sell or -- >> no, you're done you're playing with the house's money, you're in great shape that quarter was magnificent dave cody's still involved they've got fantastic management they are the guts of a data center stay long, and congratulations great work let's go to mike in connecticut. mike >> caller: jim, thanks for taking my call >> of course >> caller: every time i read your books or watch your show i think of the old expression give a man a fish keep him from being hungry for a day, teach a man to fish, keep him from being hungry for a lifetime you taught me to fish and i caught some pretty good ones the latest one i hooked was pstg what do you think? >> they've gotten their act together this had been an inconsistent company that now enterprise storage, they really do have it together and i think it's a good one and i would not let it go. it should have a higher multiple given its consistency. let's go to raj in florida raj. zbl. >> caller: hey, jim.

long-time listener first-time caller. and i'm a member of the investing club >> excellent >> caller: thank you very much for your advice that you give every day. and i watch your program every day. >> thank you >> caller: thank you for doing this service for us. >> of course >> caller: yeah. my question, jim, is i have holdings in the a.r.m. that i -- >> arm is magnificent. renee haas is doing an incredible job there is going to be a lockup that expires, you can get some stock, put some on now, then get the lockup, be able to buy more and that's the right thing to do and that, ladies and gentlemen, is the conclusion of the "lightning round"! coming up, a new industrial revolution in the making the man cramer calls da vinci leads the charge into the future next

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if i have one visceral takeaway from the magnificent nvidia quarter, it's don't be a luddite. that was the sub rosa message from ceo jens huang on the conference call. don't try to stand in the way of the new technology don't fight the ai revolution the same way the original luddites fought the industrial revolution there's a vicious reaction coming up that says accelerating computing and generative ai will wipe out millions of jobs as they replace less skilled workers with machines. i think that's myopic. just think about last night's conference call from nvidia. far from being about job destruction, the call was actually a peon to the creation of new jobs. as machines replace all the existing architecture of general computing. he with know this because the call itself was filled with new

companies most of us have never heard of recursion. developing a software that can write its own code with just a prompt from a normal person without a computer science degree these companies will compete with the likes of merck and amgen, adobe, microsoft and wouldn't even exist without ai meanwhile, the sheer number of new data centers and factories using these new technologies will create trillions of dollars in value as the current data centers are outmoded while many new ones need to be built. we'll get to a whole new pc cycle that all the chipmakers have been waiting for. who else wins? how about outfits like vertiv with the wiring of a data center the lifeblood if you will. or eaton a maker of machinery that can be used to great effect charitable trust name. or even caterpillar with its largest vertical helping to create a foundation of these hulking monsters filled with grace hopper machines of huge size meanwhile, sovereign ai will

almost certainly be a business in each country even if that business doesn't exist yet nations need to preserve their own culture and own language not be held back by machines trained using mainly english data sets. of course the luddites who fight against this new industrial revolution do have a toe to stand on because yes, some squlobz will be destroyed. many of the companies that are going to prosper interrupt the growth of the call center with bots that are smarter than humans, not to mention a lot less frustrating those jobs will be phased out. duplicat duplicative non-revenue producing task could be obviated by the way the most highlighted company on last night's call but displaced people will be able to find other jobs elsewhere just like the spinners and weavers ultimately did in the 19th century this revolution powered by nvidia simply can't be stopped but more importantly it shouldn't be stopped the luddites didn't win two centuries ago, and they won't win now because the benefits of the injured revolution were so much greater than the relatively small number of people who lost

their careers. i bet ai will be the same. just beware the reaction is coming you might be tempted to embrace it but history says don't bother the future can't be stopped and if the past is any guide it shouldn't be stopped either. i like to say there's always a bull market somewhere and i promise to try to find it for you i mander jobbers in for brian sullivan. on last call, stocks soared to new records but a strange coincidence could have investors hitting the sale button. high drama on the moon. fast-moving developments on a historic lunar lander mission with one stock making a big move after hours. read it filed to go public and you will not believe what the ceo is pulling in. unable to connect? at&t says a massive cell phone outage is