>> guy? >> i think tim actually is lying. i think he does covet my clam. who wouldn't? >> this show can't end soon enough. 14 seconds. >> break out, i look forward to see you on the show tomorrow. >> we lleewi s you all tomorrow my mission is simple to make you money. i'm here to level the playing field for all investors. there's always something somewhere and i promise to help you find it. mad money starts now. hey, i'm cramer. welcome to mad money. woman to cramer. tweet me, jim cramer. we are witnessing, but i can regard only as a newfound skepticism of cramer. people are suddenly treating nvidia like it is something,

like the corporate equivalent of nuvo. when stocks were once again hostage to a weaker bottom market, which pushed the dow down 411 points. while the s&p lost, and nasdaq climbed 5.8%. it is worth addressing what the heck is going on with these mega cap capitalizations that everyone is talking about. nvidia is worth $2.8 trillion. apple is stalled around $2.9 trillion. still fairly far behind microsoft at $3.2 trillion. first let's talk about this characterization. i like to go to the source of all wisdom on this, chatgpt itself. it tells us while nvidia's rise to prominence has been rapid compared to older technology company has established a strong reputation for innovation and quality. and therefore referring to nvidia as a parvenu. capturing the status in the

tech world. i knew the gender of a.i. was smart. but who would have thought? hey, why don't we do this? let's ask the rival generative a.i. system, claude, about this newfound wealth characterization. offering a more aggressive approach. and because the company has been founded in 1993, it's a fairly mature company, especially in the technology industry where companies can rise and fall rapidly. it initially focused on graphics processing units for gaming and professionalization markets. however anthropic goes on, nvidia has seen an explosive growth and dominating force like artificial intelligence, machine learning, autonomous vehicles, and gpu business. this rapid ascend to power and influence in these new domains could potentially some to view nvidia as a parvenu in those spaces, even as it is well established company overall. given a combative wording. i couldn't exist asking claude a follow up. is nvidia a member of the

reach? it seemed longer than usual. then some may argue immense wealth that feels like a.i. and data centers represent a new money rise to power. and the specific domains. but overall nvidia's longevity, industry context will make it difficult to accurately classify the company itself as nouveau riche. there, two artificial intelligence serves as a categorical denial of the characterization. let it be fair, both platforms are built on nvidia's chips. yet in one form or another, i keep hearing people just don't believe nvidia belongs in the mix. too fast, too soon. it is somehow undeserving or baffling or plain crazy like these guys somehow don't earn the $2.8 trillion evaluation. they stole it. i get it. and nvidia was not in the top five stocks in any of the last 20 years. we tend to think the top five is kind of an explanation.

and the legendary appointment, a rarefied neighborhood where anyone knew simply doesn't belong. in terms of this particular neighborhood, nvidia is real new. it wasn't one of the five largest companies five years ago, ten years ago, let alone 20 years ago. in the last five years, the largest crown title is mostly a horse race among apple, microsoft, amazon. we have a long shot come close, but nothing in place or what showed like tesla temporarily sneaking in its fifth horse with a trillion dollar capitalization in 2022. it isn't all that new. from 2005 to 2012, exxon of all companies led the list. that was it. a fossil fuel company with a lot of oil in the ground waiting to unleash and take it to the market. in fact you could say exxon led the largest company for about a century in this company. it only changed 11 years ago when apple finally surpassed exxon in size. i remember how shocked that was that any tech company could possibly topple the company

that was reconsolidating the standard oil empire. it seemed ridiculous. a company that makes cell phone is worth more than one innovator? it was enough that apple left over microsoft, walmart, alphabet, which the lead over the company. but back then we didn't really care because everybody knew apple deserved it. we understood the business. we used the iphone just like we use microsoft's window and we bought these on amazon. not that we knew about the rapidly growing web services business. we knew alphabet was google and while youtube seemed to be an overnight sensation. let's face it, the greatest high continent, even as you might not know the mountain of auto insurance, and railroad, the box of candy. even when tesla snuck in a few years ago, people gave it more credit than nvidia is getting now. at the time it felt tesla is on its way to becoming the biggest. buena that, sure it's been around since 1993 or they would have wore number 93 when they

threw out that first pitch. it doesn't matter. unlike any other company in the top five for more than 20 years, two things distinguish nvidia. one, hardly anybody knows if they ever use a nvidia product as it is really part of the hidden tech world known as the enterprise. on the consumer side, only hardcore gamers care about the chips. two, we know nvidia will soon overtake microsoft or as chatgpt, the spawn of microsoft on the softer side and nvidia on the hardware side told me today to estimate when nvidia might surprise microsoft as the largest company. we need to consider nvidia's growth rate. chatgpt says nvidia could pass microsoft within the next year or two, to which i say hold it partner. the stock keeps value at this pace. and hence the real conundrum we're facing. on the one hand nvidia is new and rich, microsoft is older. and somehow it doesn't seem right that a company really interacts to be this big. to me it is as right as when

apple dethroned exxon. all that happened is nvidia at the far term is nowhere to be seen. as we got to the stretch, it made its move. it shocked us. as they point out, no top five s&p market cap has ever had a 20% move after the earnings when the s&p was down. it just snuck in. the bottom line, is it a photo finish? no. in the end the race is internal. for all we know nvidia, not apple, not microsoft is secretariate, the greatest of them all. >> hi, i really enjoy your show. i have questions about shopify. it has fallen since 20%. it looks like it stabilized around 57. what would you do with shopify? >> i think you should hold on. it did miss. it did have some issues. i think you actually have to wait until the next quarter to see if those issues are resolved.

there was a spending issue. they didn't seem to need to spend more to get business. i do like the company very much, but i'm not going to send you in when it is not the sector in the market that's doing well. bill in massachusetts, bill? >> booyah, jimmy. >> booyah, what's up? >> hey, i had a question for you. i really would like to know if there is anymore technology that you see coming out of meta with zuck. i would love to know what's going on. >> yeah, i think there is. and they will be in competition in something we don't know yet. they are buying too many of the nvidia cards to think they will continue to be instagram and facebook and whatsapp. i think there is much more in stored for us, and i think you have to stay along. that is not an expensive stock. and the race is internal. but who knows, maybe nvidia is secretariate. on mad money tonight, reported after the bell. and the numbers do not look good. it is time to dig into the stocks on the horizon. i'm talking about menu updates,

tiktok turbulence, and war with the ceo. but can they keep climbing in this new wave of a.i. innovation? i'm sitting down with the ceo to learn more, so stay with cramer. don't miss a second of mad money. follow@jimcramer on x. have a question, #madmentions. give us a call at 1-800-743- cnbc. miss something? head to madmoney.cnbc.com.

we see you. athletes. investment bankers. doctors. business leaders. we see your ambition. your desire to succeed. which is why we are investing in your future. ...empowering the next generation to reach the c-suite and elevating women's golf. because you may not always see yourself in the world, but we see you. [crowd chanting] they ignored your potential, and mocked your ambition. but it's not the critic who counts. with every swing and block, your game plan never changed. ♪♪ some still call it luck. let them. because you know what it's always been. inevitable. ♪♪

♪♪ a slow network is no network for business. that's why more choose comcast business. and now, we're introducing ultimate speed for business —our fastest plans yet. we're up to 12 times faster than verizon, at&t, and t-mobile. and existing customers could even get up to triple the speeds... at no additional cost. it's ultimate speed for ultimate business. don't miss out on our fastest speed plans yet!

switch to comcast business and get started for $49.99 a month. plus, ask how to get up to an $800 prepaid card. call today! what the heck just happened to the stock of sales force? that's the king of customer relations manager. and after you close them, reporting a genuine miss,

weaker than expected, revenue margins and the form obligations. although the earnings came in better than expected. making matters worse, imagine the weaker than expected reach for the current quarter. with that said, i'm not sure it is justified to make it a total meltdown. the misses weren't that big. no doubt they would swear off a ton of cash. but we're so used to having this company do the right thing that i think it just took people by surprise. and the whole enterprise software sector that will belong to it seems under siege right now when it looks to be earned earlier today. a chance to speak to mark benioff, the chair and ceo of sales force. salesforce. take a look. >> thank you so much, jim. hello from san francisco. >> well, hello and thank you for coming on. look, i'm not going to dance around it. the stock is down the most i've seen your stock down a long time. but the cash flow numbers seem

strong. i'm looking at the operating cash flow. i'm also looking at the salesforce margin. and so i'm trying to -- i need to rationalize why this is happening. why are people deciding your business is definitively slowing right now, slowing and the that things are not as good as they seem? >> look, jim, you can't always control the buying environment. but what you can control is your cash flow and margin. you can see the incredible growth this quarter is amazing. i mean these are cash flow numbers that we've never seen before up 39% year over year to $6.24 billion cash flow, incredible. you can see the margin is up 450 basis points to 32.1%. you know, this is a huge transformation that we have gone through over the last year. this has been an incredible moment for our company. i mean these are cash flow numbers that are larger than coca-cola. >> it is indeed below the 9.34

guidance. why is it below given the fact that you just said? >> jim, we are holding our guidance for the year at $38 billion, which has been incredible for us. and what we see happening is not only this amazing transformation in our core financials, but also the amazing a.i. transformation that we're going through as well. you'll see some incredible new customer stories that are merging with companies transforming themselves using our amazing new a.i. including fedex, air india, and even paychecks. i'd love to talk to you about that as well. >> before we get to that, i want to deal with the idea that things have gotten more competitive and maybe sales elongated. is there something that i'm missing, which explains why people are taking your stock down 17, 18% when to me it looks like this is a rather just typical good salesforce quarter? >> jim, this has been an amazing year for us. where she completely transformed the financials of

the company. you can see, you know, we're delivering as i said this incredible cash flow and margin number. look, i can't predict with a the stock market does. you know that. we've been through this how many times over a couple -- i guess i've been doing this 25 years. but what i can tell you is that the most important thing remains the customer's success. how are we going to make these customers totally transform themselves, more profitable, better customer success, using our incredible new a.i. technology. that's what i'm really excited. >> let's talk about what you're doing with fedex and put it out there about why someone selected salesforce for one of the largest transport companies in the world. what are you doing? >> well the opportunity of fedex is incredible and, of course, we work with fred and raj for years. but the idea now that we could really take their business to a whole new level of profitability and productivity

is amazing using salesforce einstein. delivering more than a trillion transactions a week. when you look at the customers overall, the power with the new generative a.i. capability, we can take the information that's stored in salesforce and action that to create another level of capability for our customers. with fedex what that means, they're able to sell services to their customers that before they had tremendous white space with. we saw that in the quarter with an incredible delivery of the a.i. capability with federal express. the other one that i just mentioned air india, this is an amazing next generation airline that's requiring all different kinds of airlines in india to create the leading airline in india. when they did that, they would have a lot of information. but using the data cloud, they are able to now aggravate that information and using the generative a.i. capability to deliver another level of productivity and capability. and this is the technology that i see as a capitalist for more growth with the company. specifically that we saw more

than a thousand new data cloud purchases in the quarter. that's the second quarter in a row where we would see more than a thousand new customers each. and that is the kind of growth that we're looking for in new products and capabilities. >> you would talk about the transformation and it is gigantic. but do you feel the efforts are substantially complete? i know that you did cut your full year adjusted operating margin guidance. i would think perhaps giving them more guidance that you're not complete and there is more work to do? >> jim, as i said, you can't always control the environment, but you can control your cash flows and margins. the growth that we've seen this year over the last 12 months in our cash flow and margins have been spectacular. that's what we're going to continue to focus on. that's why we also, you know, we're able to deliver incredible buy back this quarter. of course, we have initiated our dividend as well. it's been a complete financial transformation. but not only that, it's also a

complete transformation of the product line for customers, giving them this incredible new capability with artificial intelligence. >> so what happens? i know you introduced me to them years before. i thought, i know they have terrific products. it just didn't fit? >> jim, we're looking constantly at every company that's out there. unfortunately investment banks can get ahead of themselves or maybe we make a phone call to a customer to find out what the strategic possibilities are, the partnership possibilities are with a company. all of a sudden we see the new stores that are requiring this company or that company. look, i'm a huge believer in innovation. you know that. i believe in organic innovation. it is how we have created the third largest software company in the world. so i can't address specific rumors about any particular, you know, opportunity. but what i can tell you is that we love that company. it is a great company. it's always been one of my

favorite companies. you know, when we would look to have greater partnerships with them, i cannot comment on whatever the rumored speculation is. >> and they would ask me about alphabet or you and again to me, it's another great company. it's kind of a mini sales force. but i don't necessarily regard them as someone nipping at your business right now. >> you know, these are great customers of ours. google. i mean i get back to our customers success. what is it that's making salesforce successful today. crowd strike, we had an incredible transaction in the quarter. completely transforming the company in sales and service, helping them to build new products. again, using a.i., helping to keep their cost down while delivering these incredible new capabilities. >> so what i'm hearing is yes, you can't control the stock, but the environment is not so bad. you're not giving me the look

that they have gotten weaker or tougher in europe or asia. i'm not hearing that from you. >> jim, you can't control the buy-in environment. the reality is you're going to have buying environments that are going to happen and we're in this post pandemic reality where the buying environment has been, as we talked about this now for a few quarters, very measured for enterprise software companies. not just a company like salesforce, but many companies. we will focus on improving our cash flow margins. look at those numbers, jim. >> the stock is at 230 -- >> i would stand there and i can't control the stock price, but i can control my buying. >> yes, and that is what we're going to focus on our customer success and the great companies like fedex or air india. you know, crowd strike or paycheck is another story that we completely transformed the company this year. and the technology that's happening right now is awesome.

for ceos, our opportunity is to go in and continue to show them the incredible opportunities that are on hand and deliver that and show them what they can do in this incredible new world that we're all in now. >> what did happen to enterprise software that we decided it doesn't have the -- let's say it doesn't have the moxy that engineering software does right now? >> well, i don't think that's it at all, jim. i've said it a number of times over the last few quarters. i think it's a little bit hard to understand, you know, we went through the pandemic. during the pandemic, enterprise software surged. companies aggressively bought enterprise software and put in all kinds of next generation infrastructure. and in this post-pandemic world, you know, they really worked to, i think, absorb a lot of that technology that they put in. while that's happening, you're also going through this a.i. kind of renaissance that's happening. so those things have to be rationalized for these companies. you know, you have to say you

look at our numbers, we still sold a massive amount of software and the quarter was unbelievable how many deals we did. i mean our deal is over $1 million, jim. we're at record levels. so we are still selling massive amounts of capability, and we have incredible new products like data cloud. we are delivering against -- >> you are. i would love to think my questions are an abstraction. what matters is the single source of truth you're telling me about how the company is doing. i'm trying to rationalize the stock price, which is my department, with the selling of enterprise software, which is your department. right now my department is trouncing your department, and that is why i'm asking these tough questions. not because i'm saying, you know what, marc, it's great to see you. it is great to see you. >> my department is getting the cash flow to move. getting the margins to move. you know, and also delivering the next generation of innovation. making our customers successful. that's what i'm always focused on. that's what we have focused on for 25 years. >> that is exactly what you

should be focused on. i'm going to thank marc benioff, ceo of salesforce. this is business. mad money will be right back. coming up, want to split a burrito? cramer chats with chipotle and there is plenty on the menu next.

to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! ♪ ♪ [ inner monologue ] it was just a regular cybersecurity monday.

that's me. i'd seen this before... or, had i? ♪ ♪ what was this ai treachery? i needed some help. good thing i knew someone... or... some-thing. [ a.i. copilot ] glad you called, j. [ a.i. copilot ] it's time for an upgrade. awesome. ♪ ♪ [ inner monologue ] my path became clear. ♪ ♪ i knew what i had to do. because they never stop. no time to waste. this isn't sci-fi. this is precision ai. ♪ ♪

♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals

companies with high dollar share prices are finally bracing the stock split. take cramer chipotle, which reported another spectacular quarter a month ago. two months ago the board put a 50 for 1 split, that will make the $3,000 stock a lot more accessible as i know you want. but the stock is down more than 5% from the all-time higher this month. this could be a good entry point for a stock that never seems to quit. don't take it from me. let's speak to brian nicholas. and welcome back to mad must be. >> it's great to be here. >> we're stuck in a situation where i read a restaurant news story. 80% of america thinks fast food is now a luxury. what had the heck has happened here? >> you know, look, i definitely think consumers are getting to be more thoughtful about where they want to spend their money when it comes time to eating out. that is why at chipotle, we're focused on great ingredients,

great culinary, terrific customer service. and when we stay focused on those things, people feel good about spending their $10, $15 with chipotle. >> that's what's so amazing to me. it's got to be the health and the food and the people or else you would be way outside the realm of what people can afford in this country? >> that's right. we spend a lot of time making sure, you know, the bowls, the burritos, you know, obviously they're big. you get exactly what you want. whatever diet you may have, keto, whole 30, whatever it is, however you want to eat, vegetarian, you can get great culinary always from chipotle, and our people do a great job of serving it up every time, every single day. >> now you mentioned big. obviously we've got this tiktok troubles, i would say, where some people are filming, some people are saying hey listen, give me -- i want something big. at what leverage does a customer have over a very seasoned worker who wants to do the right thing for the company and the right thing for the

customer? >> yeah i mean look, the whole thing is kind of crazy to me. we've always said we want to give people great portions. we want to give them what they want. >> and you have not shrunk the portions? >> no, we never have. from the beginning of time, the burrito as big as your head has never changed. and our teams, they are focused on giving people what they want. the whole thing is a little silly. it actually kind of bums me out when people frankly do this videoing thing because it's like it's a little rude to our team members. our team members, their desire is to give great experience. like that's what they want to do. there is nothing better than our team members giving people the bowl or the burrito that they want. and so hopefully that's what people are getting. i know that's what our team wants to provide. >> i finished half my chicken and saved the rest for dinner today. but other people are saying there is less. and then i started thinking

maybe if you order out that you're not looking in the eye of the worker. i'm trying to figure it out, brian. >> i don't know. i mean if you're in our restaurant in person, you know how this goes, jim. just look at our team member. if you're like hey, can i get a little more rice? just give them a little more nod and more than likely the guy will give you more rice. the chicken, they want to give them a great portion of chicken. i, like you, love the chicken, i see people getting great portions. i see a lot of happy people experiencing our food. >> will you do an all-you-can- eat like they did at red lobster? >> no, we're not going all you can eat. we are going great ingredients, great culinary, great bowls. >> so everyone knows the food tastes great and willing to pay up. even in california they pay. what people don't know is the engine. and i know you talked about an outfit in boston that did so many more with what they did. and then right before we started filming, you would talk about it. it is that crunch time that really determines how well you

guys do? >> yeah look, i had the opportunity before we sat down here to visit a handful of restaurants. it was just really exciting to see. as a company, we are focused on throughput. >> right. >> i had a couple of managers share with us, you know, in 15 minutes, they are doing 50 transactions. 55 transactions, 60 transactions. >> explain how hard that is. >> well, in 15 minutes, my restaurant, if i did 10. >> well look, this is why it is so important that our teams are staffed, deployed correctly. they do the prep in advance. they are ready to give you exactly what you want and move them through quickly. it is fun to see when you're doing 250 transactions in an hour, the teams are getting bonuses. they're fired up. it's really fun to see. >> well how about the stock split. what does it mean? do you hear people buzzing about it when they're at the stores? >> what it is fun to see, people have the ability to buy chipotle shares, but they are buying pieces, right? so there is a lot more excitement when you can buy a share or a couple of shares.

it's great to see because some folks, i mean literally that have owned our stock and have been a manager for many years, they're cashing it in to buy homes. that's what makes this place super special. >> that's all america, maybe. >> it's the chipotle that we're trying to create. >> that's what matters. now let me ask you, $7,000 is a huge burden upon you, but you think that's what you obviously need that many, right? >> i mean look, there is the demand for it. you know today we have 3,500 restaurants. we definitely see a path to 7,000. i'm guessing as we get closer to that, we might see a path that goes beyond that in the united states. >> and you have that many great people. that's the hardest thing people tell me. trying to get that many great leaders, that many linebackers, that many captains. >> what's really awesome, jim, we just had the all-manager conference. we brought in every restaurant general manager above store leader and some apprentices that are getting close to being promoted. anybody that worked in our company for more than 20 years. so everybody came together. i'll tell you what, the energy

and the excitement of developing other people is genuine. i might have mentioned this to you. in the back of our restaurants, we have a career road map, okay. >> this is a great story. >> it is really powerful. people who join our company may come in first working on the grill. but when they walk into the back of the restaurant and they do training, they will see a career road map. in some of the restaurants, the general manager or the field leader has put pictures of people that have left the restaurant and moved on to these jobs of general manager, field leader, team director. it is almost like their own family tree of development. and it is really exciting. it is really powerful. because when people see others that have succeeded like that, they want to be a part of it. >> and the burrito today, it is possibly the person who made the burrito could end up making a huge amount of money in stock in chipotle and maybe another nudge with that one. this happens still? >> this happens all the time. it is really fun to be a part of it and celebrate it without a doubt. >> that's what we should do. we should celebrate you guys and your team and celebrate it

because this is the cfo and what it is suppose to be about. thank you. >> i agree. >> thank you very much. that's brian niccol, the ceo and chairman of chipotle. get the stock before it splits. mad money is back after the break. coming up, in league with nvidia. this a.i. play has lapped the market. can our next guest get your motor running? stick with cramer.

everybody is focused on nvidia, the artificial intelligence. but there are plenty other companies with a meaningful a.i. angle. cadence designs that makes software to help semi conductor companies make chips as well as

other types of electronics including advanced automotive systems and trucks. the platform helps create the most advanced leading-edge chips that are crucial. now cadence has been phenomenal. stocks are up 43% since we last saw this a year ago. but this month, it will pull back from the highest. when they first reported in late april, they beat expectations across the board. and the first quarter is only slightly up. but it has hung in since then. don't take it for me. and let's dig deeper. and it is the president the and ceo of cadence design system. welcome back to mad money. >> jim, it's great to be here. >> i'm very excited to see you. people have to recognize, what would nvidia with if they just sent their plans to taiwan semi conductor? it wouldn't happen, would it? >> and nvidia is a great mark up company and a great partner of cadence. you know, these chips, like the latest chips, blackwell has 200

billion transactions. so this is some of the most complicated things that humans have designed. but these chips have to be designed by software. they can't be designed manually. so that is the software we make and products to design these chips. and we have had a long partnership with nvidia in over 20 years. it has picked up over the last several years given all the a.i. acceleration. and also announced a new product in april, you know, blackwell is a 200 billion transaction. they can now design five times bigger chips. that's several generations of these next generation chips. >> but you make the point over and over again as someone who -- we say oh wait a second, you say they're too small to do it by hand. so they are done mathematically. now wait a second, how do you do something mathematically? >> well, it's a combination of

computer science and math applied to physics. that's what we call computation software, the algorithms that actually physically realizes an idea that an engineer has, a designer has into what a chip would look like. and so a lot of these numerical analysis, the algebra and calculus in there. >> okay, but we know from the great companies of many years, we know enterprise software. this is not enterprise software. you are doing engineering software, quite a different art form? >> absolutely. we have a big investment in rnd. so at cadence, we have 11,000 people, 10,000 are engineers and computer sciences. >> that's the ratio. >> half of them have advanced degrees. we also invest 35 to 40% of our revenue in rnd. so it is a very rnd active intensity. that is what will give us the

long-term differentiation. >> you've been emphasizing many different kinds of uses. but the automotive thing, it would seem that's where -- that is an autonomous machine. it's not a car. maybe you can tell us what that really means for the future. >> absolutely. so i think there is a lot of talk of semi conductors going from $500 billion to $1 trillion. and there are two big drivers of that. one of them is data center a.i., you know, and the other one is automotive. data center a.i., you know, we do a lot -- but automotive is equally exciting. it's a little bit of a delay in a.i., the data center a.i. will happen first. then automotive will take a little longer. in the next five, seven years, there will be a massive automotive investment. because right now each car has about $400 worth of semi conductors. that's projected to go $2,000

to $4,000 per car. and about 100 million cars sold in a year. so that is $100 billion of semi conductor content driven by automotive systems, self- driving, the whole electrification and those driving cars will be a big boom for the industry just like data center a.i.s. >> okay, so now i also want to know about what you're doing in terms of platforming. i know you're doing semis. but the platform is something that only you can do? >> exactly. so what we are -- what i think is going to happen in all industries and especially that we have been doing it for a while is what we call it a platform, three-layer stack. so the bottom layer is compute. and that is the bottom layer. the middle layer is physical intelligence. these are things based on actual physics and chemistry and biology of the systems, you

know. and the top layer is a.i., which is data intelligence and orchestration. so these three things have to be done together. the reason i call it a cake is when you eat a cake, you would consume the three layers together. so one application of that is the chip design, right? like you talked about. but for the data center and for cars, but the other applications like for aerospace, for digital biology, and all these things will have to be revolutionized. when we do chip design, we will do 100% of it in the computer virtually. but when the design and the planes and cars, only 20% is simulated. and when we would do the drug discovery, only 1% is simulated. the rest is done by the physical test. so all these industries, they will have to apply the computer science and math and a.i. to really revolutionize. that'll happen. >> and to go full circle. obviously you're creating what is equivalent of a digital twin

of what the company might want in this case, palladium because they can't design it without a vessel. and it is an intelligent vessel and that's your vessel? >> so this a.i. digital twin and axillary. there will be more and more chips consumed in the next five, ten years. but there are other applications like you mentioned, cars, planes, and biology. >> well look, i think where you want to be right now is engineering software, not enterprise software as we saw earlier this evening. i want to thank you so much for coming on. anirudh devgan, the president and ceo of cadence design systems. this is such an important company in terms of all the things we talk about. it's behind the scenes, but you need to know it. it's a great company. mad money is back after the break. coming up, hit us with your best shot in an electrified fast fire lightning round is

next. (office chatter) is it me...or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? can ai help your people work... without all the workarounds? feel better. make customer service work the way customers expect? that one. make your old tech work with your new tech? thank you. and todd here is wondering, can ai do all that... now? no pressure. it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier, and todd... well... he's practically euphoric. practically. because when your people work better,

everything works better. so what are you waiting for? let's get to work. idris elba works here? mm-hmm. ya, he's super nice. from pep in their step to shine in their coats, when people switch their dog's food to the farmer's dog, the effects can seem like magic. but there's no magic involved. (dog bark) it's just smarter, healthier pet food. it's amazing what real food can do. the all new godaddy airo helps you get your business online in minutes with the power of ai...

...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo

it is time. and bye, bye, bye, and then the lightning round is over. are you ready? let's start with barry. barry? >> hey, jim, i love you, baby. how are you doing? >> i'm doing well. how are you? >> i'm doing great. jimmy, this morning, not yesterday, monday morning, i woke up and i had an epiphany. i sold my disney stock, 100 shares of it. i sold it, and i did something that i hope i don't regret.

i bought nvidia. i used it all to buy nvidia. am i crazy, jimmy? >> no one is ever crazy to buy nvidia. we know from my friend that nelson has been cleared out of disney. i've got to tell you, i'm in. i think it could clear up that much higher. i have a big meeting tomorrow at 12:00. i'll tell you why i think disney is not something you should run away from. not telling you to sell the nvidia to get into disney. i don't care nelson is out. these prices, nelson would probably join me in wanting to be in the situation. let's go to arshawn in california. arshawn? >> can you hear me? >> yes, you sound good, it's jim. >> okay, i'll cut straight to it. what do you think about mdoz, calloway? >> i think it will move up and you'll want to decide to play it with dick's. they've got golf, dick's is better run. i'm going with dick's. let's go to walter in new jersey. walter? >> booyah, jim. >> booyah. >> and i've been in the club

for a long time. >> tomorrow, 12:00 meeting. i'm counting on you. what's going on? >> about a year ago one of the money managers on cnbc, they were giving their idea of what the best stock was. cci was trading at $110, it went down to $84. and barely got back up to $110 again. it used to be $120, an $11 stock. what's wrong with the company? is it management? they have a good dividend. what am i not getting? >> and okay, here is the problem, there is no growth, and the company has been incredibly poorly managed. i would have to say stay away. i don't want you near that stock. let's go to todd in florida. todd? >> hey, jim. i'm calling about oklo. and as a former nuclear actor operator, i have concerned about an operator list nuclear reactor. but i think it would be great. >> no, i actually would like to see some things there. i think that is the kind of

technology that would be required of humans. but i'm doing the way to play these things. that's the best one. and you know what, it is just better that they got the reactor and they will make good of that. let's go to jeff in california. jeff? >> hey, jimmy, i really want to buy this stock called applovin, baby. >> they had a great quarter and people are loving it. i'm not going to fight you on it. it was great. i don't love enterprise software. and that is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, three retailers have a different stripe. all of them winners? cramer explains the big moves next.

trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley power e*trade's easy to-use tools make complex trading less complicated.

custom scans can 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

three different retailers put up numbers today that were nothing short of extraordinary, so we've got to drill down to see how they made you so much money. given the pavilion weakness that we see across america. i'm talking about the stocks up 27% today, dicks sporting goods up 16%, and abercrombie & fitch up 24%. what the heck is going on here? now dicks and abercrombie are winners all year. dicks sporting goods is up 24% in 2024. while abercrombie has more than doubled. that's it for the stock.

up 285% last year. and still down 9% of the year, but it has made a remarkable comeback from the lows. the case of abercrombie and dick's, there are other big brands that are key destinations at the mall. now some may say the mall is dead along with everything in it. or maybe you just need to make your stores more attractive. millennials and gen zers are drawn to the company's stores. that is how abercrombie could earn $2.14 per share. and that is how you get 21% same sales growth. that is extraordinary. younger people also joined the online offices. the company is very powerful on the omni channel business. the ceo which recognizes, for instance, weddings are no longer one-day events, but multiple days. she has a wedding store that's catering to that. listen to this, she says the launch of the wedding shop is clearly exceeding her expectations from the beginning, and the wedding season hasn't even technically started yet. how about this, this is a

remarkable story of reinvention. the sports locations drawing crowds. and 50,000 square foot stores. in a story of technology, they have a remarkable omni channel business. they have invested a huge amount of money in it. plus don't forget about the incredible, and i mean incredible, and i think also underutilized game changer app, which allows you to live stream sporting events. i would have given anything to see my daughter play goalie in the field hockey championship game, but i was stuck at the office with the market falling apart. a mistake that i deeply regret to this day. the game changer, at least i could watch her anywhere. the story had a position as the ultimate pet store with the popular auto shipping option even against amazon. the stock soared during the pandemic along with pet adoption. then adoption fell off and so did chewy's business. now the adoption business relinquished numbers and chewy is ready for it. starting their own veterinary clinics to reduce pet care cost. it is ridiculous. chewy is looking to bring down the cost. all three of these success

stories, execution. there are plenty of things out there that are doing terribly. maybe they don't understand fresh new like abercrombie. who else has capitalized off weddings? dick's has products and deep engagement of their own brand as well as popular third party sites like on and nike. their bigger stores are a blast, something everyone could tell you about it. chewy used the post-pandemic to get better. and close margins have expanded. i sense the growth spurt coming. he predicted it when they came on the show back on december 14, and now it's happening. what a comeback. it doesn't hurt that they see this as a tremendous bounce back and allows them to spend heavily on the best technology. that is essential if you're trying to fend off amazon, isn't it? chewy has spent so much money, and announced the buyback. williams-sonoma and ralph lauren. maybe you have to be different and exciting and enjoyable to

survive and thrive, to which most of us will say hey, no kidding. but it turns out to be a lot harder than people think. to wonder why so many retailers go under. they can't compete with these great operators. and maybe, just maybe they never will. more on mad money. see you tomorrow."last call" starts now. right now on "last call", teaming up. and alliance reportedly growing between elon musk and one donald trump. there could be huge implications for his nests. another day, another mega oil deal. the names that could be next. the last carl exclusive, wait until you hear what the indy 500 planetãwhen her plans to do with his $4 million prize money. all that and more. belly up or buckle up because "last call" is up right now.