>> yes. tomorrow's day three, ulta, those weren't bad earnings. time to buy. >> dan? >> happy anniversary to luckiest woman in the world, my wife. how about that? rivian. >> ilence. >> guy? >> free port, mel. >> thank you for watching "fast" "mad money" paddy harverson with jim cramer starts right 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." it's a special west coast edition coming to you from cnbc one market in san francisco. welcome to cramerica. other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you, so call me at 1-800-743-cnbc everything takes too long. everything is too expensive. want to do anything big you need

help. nvidia is the helper. it's the expediter. it's the cost saver. nvidia allows you to get it done. there's just one problem. it's widely misunderstood because on most days it is so hidden under so many partnerships it's hard to capture what they do in a spreadsheet. they deliver productivity per share for their clients. that's what's being bought or taught where i am out west covering the huge nvidia gpu technology conference hosted by ceo jensen huang. now, there's a whole other world back east, the one that produces the summaries like the indices or dow advance 76 points, nasdaq jumped 0.82% and went out near its closing lies. i didn't like that. wall street we desperately want nvidia to predict the sales. give us some metrics to allow us to figure out if it's worth $3.1 trillion or 2.7 trillion or 1.8 trillion like alphabet or amazon.

instead of the 2.2 trillion it's worth now. yeah, we want jensen to tell us how nvidia will cure cancer while beating climate change and breaking down plastic in the oceans and saving the whales while he's at it. investors are eager for excite. boosted forecast. we didn't get that today because that's not what nvidia does. jensen huang has reduced us all to laymen. not intentionally. the opposite. he'll democratize computing and make us all hostage to the autocratic computer class. he's busting up that clique. but what does that have to do with earnings per share, with the woe -- conventional methods, knock at all. it's all right in front of us and alphabet, hey, kids learn to google before they do homework. if you're not a prime member you're not saving enough time or

money to own stocks so sign up already. nvidia, they're enterprise oriented which it means it's a behind-the-scenes story. none of this impacts you directly unless you happen to own the stock. that's why i tried to personalize the story by renaming my dog after nvidia. years ago. a lot of people thanked me this weekend. why come here? because gtc is a trade show about knowledge. that's right. it's packaging a.i. and selling it to you to show you how to be more intelligent and how others are using it in the enterprise, not in the kitchen or living room or office but in the business, the company, the workflow, the theft prevention room, the hospital room, the operating room, the pharmaceutical lab. unless you're working with or in one of those you don't know what's going on out here. even if your worth depends on it you might not know how they're making it easier because it's behind the curtain. it's how to use a.i. something too revolutionary

almost to discuss even as jensen huang tries to explain it. how could he show he's given programming lightning fast tools to write programs for apple's new visionpro. a testament to how powerful nvidia has become to mention apple by name. although he didn't talk about the potential deal where apple gets google a.i. in its phone, a story bloomberg just broke that we'll mention later because nvidia is in enterprise we don't know how it's doing. market cap went up and if you're google you need to use giant clusters of high-end chips made by nvidia because your data center is all about speed and nvidia makes everything go faster. it makes everything understandable to machines, which then know more than any group of people you could ever assemble. no matter how brilliant they are, no matter how many they are, but you can't truly get your head around nvidia unless you're at the top of a very big

company built on computing speed or work flow and amazon coming up with product recommendations and instagram for brand-new retail stores, a microsoft co-pilot to answer and summarize. look, a service now to explain how data goes through your organization. only these kinds of companies recognize the dire need tore nvidia chips. they'll deal with a crowdstrike when we have one tonight for program that is keep out hackers who don't have their own nvidia supercomputers. but nvidia doesn't deal with consumers on this stuff which is why the story is so hard for so many to understand. does this mean we're being let down by this visionary who heads up what could be the most important company in our lives? at least this one day? hardly. the only people being let down are the ones who thought somehow you could raise numbers today. these numbers in nvidia, yeah, you could go from hold to buy on this event even though everyone has a buy on it already, now, that is not what's going to happen. [ buzzer ]

>> what have i heard so far? pretty simple. the sum of all that nvidia is doing will, indeed, create the next industrial revolution because nvidia is about the speed with which we can arrive at smarter, better answers, it takes days or months or years, maybe nvidia will allow that to be hours or weeks or months. it requires a,000 ware engineers and you only have 500 nvidia can be the force multiplier that gets you there cheaper and more quickly than you can find those additional 500 people. nvidia creates time. nvidia eliminates waste. nvidia invents knowledge that hasn't been invented yet and isn't or can't be invented by humans because they are too slow, cost too much or just aren't smart enough. and in return to be pedestrian, it makes a ton of money because as an effective monopoly on all those outcomes, if you want to create wealth in the stock market, sometimes you need to make a leap of faith you're getting it right with jensen because you have to, otherwise

you won't see it coming whatever the heck it is. let's just say i think a.i.'s bigger than the loom or the steam engine or the jet engine or mainframe perhaps all rolled in one. everything digital runs too slowly in comparison to what nvidia can do. it amounts to nothing more than a giant do-over of everything we have connected to something else digitally. you just have to hope that there are enough companies that realize they need nvidia to be better in the o.r. this trade show and it is a trade show, this exhibition is about showing you the needs you have without you knowing it. the bottom line. jensen huang's got a special talent, one of many. even as you can't see it or hear it or buy it yourself. but maybe that's what makes nvidia a stock to own and not to trade. let's go to phil in california. phil. >> caller: hey, jim. longtime listener to your show,

you do a great job. the stock is oracle and i was wondering if larry ellison's got that going, working into the a.i. type of work now. >> absolutely. well, phil, i think -- appreciate you saying i did a great job. i didn't do a good job on or ra cam. they screwed up the quarter twice and i couldn't take it anymore and totally delivered in the last one. the stock is up big because of a.i. and jensen and nvidia mentioned it so it's probably going higher. i thank you for the kind words. i wish i had done better. alex in florida. alex. >> caller: hey there, jim. my question is about ticker gold, barrick gold. >> i've been disappointed. i mean gold has had a big run here and you've not made any money with barrick and i have to tell you that is incredibly disappointing to me. it's been -- it's been -- i

don't know what to say. it has a 2.5% yield. that's the best thing i can say right now. wow, let's go to elizabeth in florida. elizabeth. >> caller: hi, jim. i was wondering what are your thoughts on walmart. is this a good time to buy? [ moo ] >> buy, buy, buy. >> it's a hard time to find when not to buy. you got to go with me and emma. yeah, that's right. we go aisle by aisle by aisle. just look at the prices and we can't figure out how they do it of the that's my kind of store. brian in north carolina. brian. >> caller: boo-yah, jim. >> boo-yah. >> caller: thank you for all you do. i'm a club member. >> yes. all right. thank you. >> caller: i just want to ask you a quick question on tesla. what are your thoughts on it? >> i thought that the price increase today was very significant. i think tesla's come down too far. now it's $500 billion so it ain't cheap. the stock is down 30% for the

year. when are you going to start positioning tesla other than right now? all right. listen to me, just have to hope there are enough companies that realize that they need nvidia to be better in whatever workplace they have. this gtc event is about showing you the needs you have without you knowing it and that's why we're so excited to be out here this week. on "mad money" out in san francisco i love to get the pulse of the state of tech and i'm here to listen to a reit. r-e-i-t like pro-logics and beyond with the ceo. we got to find out that one right down there then crowdstrike announced a new collaboration with nvidia to do a.i. computing power with crowdstrike's number one cybersecurity platform. i'm talking to the cyberceo to learn more about how the two are working together and as enthusiasm has faded for key end markets think solar and evs there is enthusiasm for the stock and are investors getting that big buying opportunity? i'm checking in so stay with

cramer. ♪ >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question, tweet cramer, #madmentions. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something, head to madmoney.cnbc.com. [♪♪] your skin is ever-changing, take care of it with gold bond's age renew formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. morikawa on 18. he is really boxed in here. -not a good spot. off the comcast business van. into the vending area. oh, not the fries! where's the ball? -anybody see it?

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my name is oluseyi and some of my favorite moments throughout my life are watching sports with my dad. now, i work at comcast as part of the team that created our ai highlights technology, which uses ai to detect the major plays in a sports game. giving millions of fans, like my dad and me, new ways of catching up on their favorite sport. did pro-logic take control of its stock destiny. since 2008 a real estate investment trust that mainly owns warehouses, it's trading

sideways. when prologis, it was in line with guidance and pulled back in response but gave us optimistic commentary on their largest market, southern california and in order to make big money in the red hot data center business, we'll talk about that. let's check in with hamid, the co-founder and co-founder of prologis. welcome back to "mad money." >> thank you, jim. always great to be with you. >> thank you. you're in business where you do see the future and i think that what happened, tell me if i'm wrong, there was this momentary overbuild but that is now over and if i look at the rest of 2024, this is the time to buy. >> well, that, you can decide. >> oh, i will. >> but i'll give you the facts around supply and demand. in our business, it's easy to forecast supply. you will have need to have started construction already so we can look at supply a year

from now, not a lot of mystery around it. it will spike and come back down because a lot of people can't start new projects, they can't get financing, they can't get the land, and the markets have gotten much tighter in terms of availability of capital, equity, and debt. so we see this supply storage coming on declining as we approach the end of this year. the biggest question is demand and demand is really dependent on interest rates and what happens to that trajectory but we think demand is normalizing, and not falling off the cliff. it's just not as crazy as it was a couple of years ago but it's pretty much in line with any year prior to 2019. and the combination of these two is going to make vacancies bottom and then come back up and we are already at 97%. >> i was going to say before we start talking about dire, almost be every one of your market, mexico, 99%. i mean you've got unbelievable numbers. >> i came back from mexico.

that place is on fire. there's so much manufacturing moving to the northern cities of mexico that -- and that drives consumption in mexico city and other places, so mexico is doing really well, brazil is doing really well. >> i know. some of these countries are very stable when we have a misperception about them. you mentioned land, acreage, you have enough land to put up more -- the other guys don't? >> well, it's all a matter of scale. we had 1.2 billion square feet of existing real estate. we have land that we control or we bought or we have access to that can produce another 200 plus million square feet. now, i throw around these numbers. they're big numbers, 200 million square feet would be bigger than any other reit. >> there you go. >> so we have a lot of control over our growth in the coming years and land is getting tougher and tougher so it's a good thing to have. >> how do you decide what to put up, because i saw you do $500

million in data centers. we all know that we are data center constrained. is that something you should put a lot of chips in? >> the great thick about the logistics business, you own the cheapest house in an improving neighborhood, so that's the lowest land use. in the days where there was an office market, offices are always an upgrade. retail is an upgrade and data centers and life science are an upgrade today. you need a flat piece of ground, you need access and access to power and fiber and water. and a lot of our properties meet that criteria. not all but a lot of them. so we mapped the portfolio for all these opportunities and think we're going to be doing on the order 8 to 10 billion in the next five years. now, we got to line up the power for some of those. they don't all have power but we have 100 people in our energy group, because we've hired these

people to build our energy business which is primarily solar, utility scale storage and mobility. and those people are talking to the utilities all the time about supplying them with renewable energy. >> oh, taking it back. >> so, we have knowledge and experience in dealing with utilities to secure power. doesn't mean we'll get it everywhere but we've got a better shot of getting it than most. >> people need to understand the mosaic of business you have. a lot of people might say, maybe they're 25% amazon. you have -- >> yes. >> -- a unique advantage over everybody. no one is that important. >> well, exactly. we're the largest landlord and they're about 4% to 5% depending on our portfolio and the next customer is less than 2%. so the rent rolls are very diversified and we're 97% leased. >> when i listen to you, it

makes me think we've got a big federal reserve meeting this week. i don't like to talk about the fed because we don't know what jay powell is going to do but it does make me sound like maybe interest rates did get a little too high if you find yourself in a situation where some of the people you're up against are constrained. >> the people we competed with particularly the private companies that are dependent on bank financing are having a very difficult time getting construction loans, because a lot of these banks have office building loans, those are in trouble so they're -- if. >> it comes under the same category in commercial real estate so that gives us a window of opportunity because we're only 20% levered. we have heet and we have access to capital and that's not an issue. and really it's customers that guide us as to where we go and what we do and we listen -- the thing about real estate companies, jim, is that they're all about the next deal. the next deal in the company our size doesn't move the needle. we got to be about the customer.

we dot to put the customer in the middle of the business. they tell us everything we need to know. we don't have to guess about it. they share their growth plans because they want us to be there with property when they need it. >> and one thing that is clear it's not like e-commerce is ground to a halt. >> no, not at all. >> it's the opposite. >> quite the opposite. e-commerce did about ten years of growth in their two to three years of covid but it didn't stop there. it's continuing to increase in terms of share. people look at correlating numbers too much. if you look at annual numbers, you see the trends much clearer. >> i know from the way your business worked even during the great recession it's about as recession proof as you can get. that's my judgment as a stock guy looking at a lot of other companies that don't have the stability you have. that's hamid moghadam of prolodgeis. since 2008 we've gotten this stock. "mad money" is back after this. coming up, i trip to the heart of tech company isn't

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(ella) fashion moves fast. constant contact. setting trends is our business. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon. ♪ i love nvidia's annual gtc event, not just because we hear from nvidia itself but also because we get to learn, and

that's important, about how its partners are using artificial intelligence to bolster their own business. take crowdstrike that reported a phenomenal quarter a few week ago announcing they're using their video services with data interest their own a.i. cybersecurity platform. we'll explain. these models are only as good as the data fed into them so this partnership gives you everything you need to build automated cyberdefenses for the enterprise. of course, crowdstrike did a fantastic job to prove the platform already so how does tonight's announcement help them take it to the next level? let's talk to george kurtz from crowdstrike to learn more. they had an unbelievable quarter, 30 plus, 30 plus, 30 plus, welcome back. >> great to be here, jim. >> i think people are anxious about a stock like nvidia because it wasn't like jensen huang comes out and says, listen, you got to go nvidia. it doesn't work like that. >> right. >> he partners with people like you and everybody wins so please

explain this partnership because it's very significant. >> well, when we think about a.i. and we think about what powers it, a.i. is the engine and the data is the oil. it's that simple. we have it in spades and collect trillions of signals, data signals if you will and threat events per day so that can then be used and we use that today and we've used it since we started the company to train our a.i. algorithms. >> again, you have to explain that. people don't understand the word train that's very important. >> so, with all these data sets that you have, you have to go through a process of feeding flight through mathematical models and those models will figure out whether something is good or bad. just in simple terms, okay, but the more data you throw at it, the better it gets and that's really the training aspect of a.i. >> okay. >> so once you get through the training aspect you go into the inference aspect and have the models bill and then it will tell you if something is good or bad. the whole quad, though, you can get through massive, massive

amounts of data to figure out if something is good or bad. things that have never been seen before and this was a key part of the thesis when i started crowdstrike to create this data platform that not only do we create first party data but now ingest third party data and what we're talking about with nvidia as a producer of mass amounts of security data is to be able to leverage their morpheus framework to allow our customers to bring their own llm models so we've got the data, they've got the power and the software. >> so the large models in play from the customers but, george, last time you were on, i thought you had all the a.i. you needed. >> we do but when you look at the chips, the chips, you know, it's all about jensen and nvidia, right? that's where the game is being played. >> meaning it's a quantum leap. >> it's a quantum leap, yeah. >> we have to have a quantum leap because you said in the release the average breakout time is now down to 62 minutes with the fastest recorded attack being just over 2 minutes, modern tasks grow faster and

more sophisticated. what happens if the bad guys have similar things or is this finally the leap that we've wanted so the bad guys can be stopped? >> well, what we've seen interest an a.i. perspective is that the bad guys have figured out a way to democratize these attacks. so they're very complicated, very esoteric but what they're doing is making it available to the cybercrime masses, if you will. even if you don't have a high skill set you can buy the ability to understand how to get into a company or create an attack or create a phishing email and get in or buy an identity to accompany and use that through a ransomware scheme so it's difficult. >> in your document you talk about the batched -- what makes the identity, the batch identity and you protect -- >> we protect the identity. >> one of the things i don't understand why doesn't the justice department call you or work with you and put someone in jail for life and end this nonsense? >> it's pretty complicated. so when you think about what the government is doing and i think

there's some good work going on in all different areas of the government whether state or federal, it becomes very difficult with some of these threat arc, not everyone is in the united states. not everyone is above 18. i mean, when we think about this, so the complexity is high. we certainly understand what's happening in this environment and i think when you look at the authorities, they want to get the right case, they want to be able to prosecute it and get it closed but then what happen, the next batch comes up. it's just another crop of people and when we think about democratizing through a.i., you're going to have many, many more attackers than you have today because a.i. will empower them. >> another way, how about if we just said, like we do with international terrorists, anyone who pays is going to be prosecuted provided you have the right stuff, you have crowdstrike, high-end. if you can't pay, you can't pay ransomware so the bad guys know that no one is going to pay because the person who pays is going to jail. >> again, a very difficult

subject when you look at even rules, if you pay a ran some is it to a sanctioned country? what are the complexities around that? if it was that easy, i think they would have done it. it's just a lot of complexities, because the internet is worldwide, right? so what happens if you pay a european entity? it's difficult. >> all right, now, what are you able to say about the return on investment now that you have this partnership? can you go to a major bank and say, look, you won't get better than us? here's the bill and then they say, well, that's really high. how do i prove it's worth it? >> what we've been able to do is prove a high return on investment for all the platform modules we have at crowdstrike. this will be another capability we'll be able to offer to our customers where through the data sets we have, they'll be able to do this in a much more cost efficient fashion than just doing it on their own. the thing you have to remember, with data gravity, the data in our platform, if you can leverage the models in the platform, that becomes much more

cost efficient than shipping it off somewhere else and bringing it all back in and that's what we're planning on doing with our customers. leverage the data we have at the source and cut down the cost for customers. >> okay, now i am discovering when there is a hack, i'm now i think all of us are experiencing it, we're getting phone calls trying to sell us services and know too much about us. is this the next generation, they steal, they get in, they take something then they have salespeople call you and people maybe fall for it? >> it can be that way, but i tell you how organized it is. some of the companies, they get ransomed they have to pay in bitcoin. they may not know how to pay in bitcoin so there's a help desk. most people don't know how to pay in bitcoin or have a bitcoin wallet for the most part so they'll walk you through that with multilanguage support and teach you how to do it and show you videos and when they're done because they want to be able to prove to you that they've destroyed the data they'll film that and then they'll send over

a report with recommendations on how they got in and what to use and even what software and company to use to prevent against it. >> you made it clearer that if you don't go through the process they rat you out to the s.e.c. because you have four days, so you lose either way. >> exactly. i call it the triple threat. first was ran soming your data encrypting it, the second way was exfiltrating or stealing it. even if you restore from backup they would leak the data to a dedicated leak site item number two and number three for a public company what they're doing is using the s.e.c. guidance or guidelines against the company so they'll say, hey, you've been breached and start the clock, you have four days to pay the ransom or they'll report you. >> i would get as many protections as i can if i had to wore which are about, that's george kurtz from crowdstrike. we talked about the numbers last time. they were stellar. i thought you should understand this combination with nvidia and why it's so important to the company and ultimately of course to the welfare of the

shareholder. "mad money" is back after this. >> announcer: coming up as automotive slips into a lower gear is this chip stock stuck in traffic? cramer gets to the bottom of it when we return. ♪ you were always so dedicated... ♪ we worked hard to build up the shop, save for college and our retirement. but we got there, thanks to our advisor and vanguard. now i see who all that hard work was for... it was always for you. seeing you carry on our legacy— i'm so proud. at vanguard, you're more than just an investor, you're an owner. setting up the future for the ones you love. that's the value of ownership.

♪ since last fall we've had a raging bull market in the semiconductors but sometimes that doesn't rise all boats at once. we gotten pedestrian results from chipmakers with too much exposure to certain end markets like autos, sometimes industrial and it held back stocks. power management chips for a host of industries including auto, solar energy systems from

onsemi. these went out of style in the wall street fashion show and they started stalling and said, well, had slowing demand. many investors are betting onsemi's key end markets could bottom soon even if management doesn't want to make that call yet when they reported last fall they were pretty conservative with their guidance so could this stock be ready to play catch-up or need to maintain caution about a stock we have liked since it was in the teens and is now at 73. a closer look with the president and ceo of onsemi corporation to learn more. good to see you. >> good to see you. >> all right, so we have to deal with a couple of facts. straight up, you have the single best chips for the most advanced autos in the world, evs. however, evs have slowed a bit. we also know that the auto industry was red hot and your stock went all the way up and now it's cooled a bit. where does it leave us? >> first off, you have to look at the demand environment, okay, when you look at demand, our

drivers of oshon content -- >> okay. >> the $50 worth of content for our the drivetrain for onsemi and internal combust shun engine goes to 350 for way hybrid and 750 for ev. no matter what the unit demand does the content growth is there no matter what path we take towards electrification but we can agree electrification is the future. >> other than california it's slowed or going lower, but frankly it wouldn't be unusual to have a country that just says or a state that just says, look, everyone has to be ev because we're about the planet. if we are ev, what are you doing to make evs cheaper, lighter, more efficient, perhaps even give us more range? >> so let me not use a lot of

words but everybody talks about chip which is what i hold in my hand. this is a 1200-volt chip. it's a silicon carbide switch. everybody talks about onsemi, we make them and that's what they look like. the key value that we bring is, yes, we make the best technology, but just like that, that's not going to drive a car. that's not going to give you the rank. this here is a box, this is the inverter, traction inverter that drives an electric vehicle. this is onsemi's new generation. 2x the power. >> this is more powerful than this? >> twice. the factor of two, five times less volume, now, what does that mean? you said lighter. absolutely. can be lighter. light on ev, that's a benefit. >> right. >> but think about it the other

way, any volume not used to make this power, you can put a battery, battery more range, range anxiety gets solvinged or you say i'll leave the same range, i'll have less batteries, cheaper vehicle. no matter what trade-offs you want to make, you need the technology. underlying technology. the baseline technology in order to solve those problems that are going to propel that technology forward. >> in the meantime, what have you done at your company to make it so that even you think it's going to be tepid. you yourself said it would be tepid to still make sure you make a lot of money because in the 2020 downturn it was just okay >> that's the vertical integration part of it. over the last three years we focused our investment on vertical down. we make the powder by which we make these substrates. >> what is that called. >> the silicon carbide. >> we go from powder to substrate, we weight form, process them and go beyond the

wafer that everybody thinks about semiconductor doing, we do all the weight of this so that's vertical integration that doesn't start at the material side and ends at the wafer. it goes material, wafer, all the way to system level. that's what -- >> the gross margins are going to be higher than it was last time around. >> if you think about our target we outlined on analyst day, 53% gross margin. that is the value we provide in the -- >> coiled spring, when, not if evs start to sell more again. now, i also like a business that i know is not going to move the needle but apparently you are integral to solar power. and i think solar power is another power that's going to be i believe 25% of our energy grid by 2030. so what are you doing? >> so, if we think about silicon carbide and the benefit, the same benefit we provide and the same technology we provide for the electric vehicles, the same

technology will translate into the same efficiencies you get interest solar. >> why? >> by better solar because you have a surface area. if you maximize the service area and the conversion from solar to power, you're going to use less solar. that's the efficiency. now, we also use it not just on the generation or capture of power, but the storage of power. you talked about the grid. >> right. >> well, we all know the grid is not going to be able to sustain all of that power that needs from evs or industrial energy. >> or datacenters. >> exactly. what do we do then? you have the micro grid be where you have a storage system. let's not solve the . let's localize the grid. micro grid, you have energy stores, think about container-size battery packs. we do that. that's the future. that's the sustainable ecosystem that we put together from generation to storage then don't forget distribution. you have electric chargers. we have content in that. all the way to vehicles.

that's the sustainable ecosystem. >> so, when did this come out? >> this is in development. >> it's in development. >> with oems already. so we're working with oems -- >> even if we don't have the big up year, next year could be very big. well, to me -- >> by the way, the fact that you're carrying it with one hand -- >> because i'm the strongest man in the worrell. you don't understand. hassane el khoury. buy it when it's 175 going to 150, all right? stay with cramer. >> announcer: when why return, master the markets. one stock at a time. the lightning round is up next. master the markets. one stock at a time. the lightning round is up next. master the markets. one stock at a time. the lightning round is up next. master the markets. one stock at a time. the lightning round is up next.

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♪ ♪ >> announcer: lightning round is sponsored by charles schwab. trade brilliantly. ♪ ♪ "lightning round." i'm kramer. take your calls rapid-fire. buy, buy, buy. sell, sell, sell. play the sound. [ buzzer dis] >> then "the lightning round" is over. barry in new jersey. >> caller: how are you doing? >> i'm doing great. >> caller: thanks for asking. i want to ask you about a stock you spoke about last week that came out with earnings last week and you said, you know, not to dip your toes into the water

yet. marvell technology. >> mixed quarter. part of the business is on fire but part is not on fire at all. that's why i'm saying we got to wait and get closer to when the rest of the business is there. i prefer broadcom to marvell. to sal in new jersey. sal. >> caller: hey, cramer. thanks for entertaining my family during dinner. >> you know, hey, why not. >> caller: we don't have any pets around here but we do own data, data dog. any synergies for ibm to buy them? >> this company was going to be bought before it became public. a bunch of people liked it. i think it is a dynamite company and it is a buy. it is expensive but they really know what they're doing. they're welcome to the show any time they want. sam, all the way out to colorado. sam. >> caller: jim, how are you doing? >> not bad. i'm in san francisco. i kind of like it here. what's up with you? >> caller: very nice, i am calling to discuss a company

that i think is extremely undervalued and one of the most important companies geopolitically speaking, leu, the only company inside north america that produces -- >> i want you to buy the ge spin-off that's coming. that has got nuke and i love the balance sheet and i love what the company is doing. you want to be a little diversified because you're going all in. got to be careful because we may not be able to get a lot of nukes built in this decade. how about we go to bill in new jersey. bill. >> caller: hey, jim. born again in new jersey. >> we used to go fishing and blowfish. remember those? >> caller: a great place. >> lbi, the dutchman. go ahead. >> alt. altimmune. >> that is an absolute without a doubt high-risk stock when you

could have eli lilly. you got to divide it by ten. divide lilly by ten and you'll see it's okay. i need to go to mitchell in texas. mitchell. >> caller: yo, cramer. hope you're having a good time at the nvidia a.i. conference. >> where else would you rather be? >> caller: nowhere in the world. >> exactly. >> caller: the fundamentals look great for lantheus. good future growth but don't know about current product. >> you're right. i've been preferring radnet because they have a better business model and i'll reiterate because when they're on they're good. we should go to dustin in colorado now. dustin. >> caller: hey, jim. >> hey, dustin. >> caller: seeing what you thought about sofi. >> they were doing great and did a convertible bond and wrecked the stock. what we have to have is we have

to have them back on to explain why they did it. it's been in the doghouse ever since. i don't like when i tell them to buy it and it's in the doghouse. mark in wisconsin. mark. >> caller: dr. cramer, thank you for taking my call. >> no problemo. what's happening? >> caller: i got one for you in sports apparel. think shoes, think roger federer. i wear the product. i own the stock. should i buy more onon? >> controversial quarter. a lot of people liked it. a lot didn't. very big short position. let's go by dick's but dick's sporting goods is way, way up. i'm on the fence on it. i was doing writing about this company over the weekend and i literally stopped writing about it because i said i am too on the fence. what good does it do to tell people i'm on the fence. let's get on or off and that, ladies and gentlemen, is the

conclusion of "lightning round." [ buzzer ] >> "the lightning round" is sponsored by charles schwab. coming up, major inews. has apple answered back to the skeptics on the street? more next. meet ron.

ron eats, sleeps and breathes hoops. and there's not a no look pass, double double, or buzzer beater he won't wax poetic on. ad nauseam. but oh how he can nail a software solution like the best high screen pick and roll you've ever seen. you need ron. ron needs a retirement plan. work with principal so we can help you help ron with a retirement and benefits plan that's right for him. let our expertise round out yours.

♪ okay, it's jensen huang's world and we're all just living in it but there is another world out there too, the apple/alphabet world that burst to the floor how gemini a.i. platform could power apple's own

a.i. initiative. if there were no nvidia event then this partnership is all we would have been talking about. it's true, it's incredibly important for both companies. apple is widely perceived being bereft of artificial intelligence in its phone. we know at this moment apple is considered to be a no growth company and it's widely considered to be a company in decline simply because it hasn't been able to come up with something to boost growth in a time when their peers have gone all in on artificial intelligence and alphabet, we know that it's a.i. initiative gemini has cultural issues that are, how do you say, suboptimal. their stock has underperformed. and then kaboom, two bird, one stone. if the story is true apple gets its a.i. without spending billions developing it. alphabet gets the halo of apple's base not to mention lots of money for something it already spent billions developing so what if gemini has

biases. they'll get it fixed. now, the big question how does this help us to try to make money in the market? okay, yes, apple's stock has been absolutely in the doghouse. yet i don't believe for a minute it's a no-growth company. i think the service revenue stream and adjunct to the 2.2 billion who have a device is one of the greatest. all time and customer satisfaction ratings are so fabulous i haven't been phased by the numbers by best buy that show the new samsung phone has interest thanks to its a.i. features. apple, own it, don't trade it. even as the stock closed at its lows today as the bears will not let go of the negative narrative, i say you never know when apple will do the right thing but it always will when tim cook and his team decide so. you'll miss every move if you try to trade it. whenever anyone gets too clever they buy high and sell low, not a way to make a lot of money. alphabet, now, look, i've had a

back and forth with jeff for alphabet and the investing club and spent a lot of time on club members both alt our annual meeting and my wife's signing. they want new names, now we're sitting with alphabet doing nothing. every time i went to dump it jeff reminds me it has the best balance sheet in the worrell and could at any moment make changes to send the stock much higher and that's what happened. i don't have a own it don't trade it policy with apple. we have held it for the trust for a long time because of the optionality that could be behind the move. this conditional ability to close underperforming divisions, they can do that and buy something more important like fitbit, all right, anyway, so remember today that apple by virtue of how good it is can command a deal with alphabet that saves them a fortune and brings them what could be the best a.i. engine by virtue of its smarts can cash in on something bought but not paid

for. a marriage made in heaven, no, it's made in silicon valley and everybody wings including us. i always say there's a bull market somewhere. i promise to find it right here for you on "mad money." i'm jim cramer. i will see you tomorrow. "last call" starts now. ♪ tonight, less: from houston, texas, we are coming to you. it is the premier energy event of the year packed with the most powerful players in business and politics. many of them are going to be right here on last call tonight and tomorrow. in just a moment we will speak exclusively with alan schwartz, executive chair guggenheim partners, the ceo of american ellen g heavy hitter shinny air, joe manchin and a rare and ask inclusive -- exclusive conversation