favorite game. crispr. >> guy? >> looking forward to see tim in his low rise shorts tomorrow. >> denim pant suit. >> that's america's favorite game. cg seems to have found a home here. >> thank you for watching "ft.seyoas" e u back here tomorrow 595 at 5:00. "mad money" starts right now. field for all investors. i promise to help you find it. mad money starts now. hey, i'm cramer. welcome to mad money. welcome to camerica. i'm trying to make a little money. my job is to entertain you, educate, and train you. so call me. for years hardly anybody knew jensen was a name.

the ceo of nvidia made best chips for video games. if you spent a thousand bucks on a suped gaming pc, you might have heard of them. she might mention nvidia a dozen odd years ago when the head of audi tipped me off about nvidia's non-gaming greatness. but a day when nasdaq exploded higher, as the dow gained 9.6 points. we have to think about what this man means to the market because i can't remember another executive who had this much influence over u.s. stocks. it's a fitting tribute given today, nvidia's market cap exceeded apple, finishing just north of the cupertino giant $3.21 trillion for nvidia, $3.003 for apple. sure we've got some huge winners in our time, right? and the iphone and the window,

jeff bezos, amazon, and now meta. they personally changed the world. but nothing like jensen, nothing at all. how is the ceo of nvidia making a bigger splash than steve jobs or bill gates? well jensen is an american original, immigrant, young genius, worked his way up the denny's ladder to dishwasher, stands up, dismissed by the highest levels where they said the fast chips were the way to go. now nvidia's market cap, it's worth a cool $131 billion. his chips have started nothing short f an industrial revolution. but let's cut to the chase. nvidia got to more than $3 trillion because of the game plan for decades. nobody seemed to listen until chatgpt exploded in november of 2022 and the world woke up to the power of generative a.i. i had the privilege of seeing jensen's idea work years ago. i knew he had it in him to do anything, come up with

anything. visualize anything, execute anything. i have been in awe for ages, not just because he's a visionary business person, but he happens to also be a really nice guy. okay, what the heck does that have to do with anything? well jensen is a lover, not a fighter. and i would like to get a leather jacket, but stop me. his name was jeremy from new hampshire, a financial planner. his wife was there too because of you. she says this. get close, get closer. she says i retired because of you. jeremy whipped out his phone, showed me his position. he said he bought 2,000 shares of nvidia. he goes i couldn't stop raving about it. that's the time when i named my dog nvidia. and now they are wealthy beyond their dreams. he said thank you.

i said thank jensen huang. if you made money in the market today, you probably have jensen huang and nvidia to thank for it. ever since dell reported a disappointing quarter last week, wall street became convinced they were signaling a slow down in the data center, maybe even a slow down in nvidia and because we currently have an arm race going among them to build as many of these structures asable pro. and they could easily spend a fortune, spilling out the new data centers because they make the chips that could handle accelerated computing and generative a.i. that's them. that's what they do. last week dell pulled the rug out with with a was thought to be an uncertain view. but last night dell competitor reported a fantastic quarter. they made it clear that the data center would build out nowhere near completion. and they thought they were in the early innings of the bill,

in needing to make it work. you know why? nvidia, that's why. the road map for the chips, the latest model and i checked them not related. it is just going to get more and more potent and powerful. that means more and more data center, ten times on the call. it is always about being in line with jensen, i call it. they are right with jensen. and once they clarified things, they used those off the races. first of all the hyperscalers. everything to the super micron, taiwan semi. but so did vistra energy. and the data centers to electricity like crazy. they would twirl higher. and apply the materials, they soared too. upgrading from a sell to hold for the first two.

now i rarely, if ever, seen the kind of pin action like we're getting through here. they reported last night a great quarter. now we've got four nvidia mentions in one jensen callout in that security call. they seem to be catching up to the fundamentals. that's partially driven to the company with jensen huang. and maybe even just film them together. where she snowflake tonight. okay, on monday they announced an important partnership with nvidia. jensen joined in virtually for the news. last night sysco talked about being the ethernet partner and how it could be huge for numbers last year. now look, i didn't pick all these different companies because they are connected to nvidia. pretty much random. oh, you know this fight about how elon musk may have ordered 500 million gpus for tesla and only to ship them to a social media company and an a.i.

company. musk confirmed the story and said tesla had no place to send them to turn them on, so they would have just sat in a warehouse. that makes sense. given how few chips could manufacture every single day verses the demand, jensen doesn't want anyone stockpiling them. wants them put to work. he cares about sovereign a.i. and cares about healthcare a.i. now i know nvidia's stocking caps rallied this year, so it is easy to say it has outside influence. as a former decent bowler before i hurt my elbow, i have never ever seen anything like this. any time it hits, it's strike after strike after strike and this is no joke. when a blackwell computer has all the association data, they can build a robot that will only bowl strikes. it's coming, 300, 300, 300. there's a reason why i renamed not one nvidia, but two nvidia dogs, hoping that people like jeremy outside would buy 2,000

shares and make $2 million. i'm grateful jensen lets me celebrate, cramer. but what you need to know this man has a plan that is as galactic as those waiting. it's pretty amazing. now that said, i know what they want to hear. graciousness. so i'm paying homage, the way, the best way that i know how, okay. imitation. you know what that is. that is the highest form of flattery. by the way, this happens to be borrowed although i love it. the stock is at $170. when i interviewed him in march, he might regard this, putting on this jacket as super funny. bottom line, thank you, jensen, for changing the world. for you skeptics, take a look at today's biggest gainers. they're just spinning pins. scattered this way and that because nvidia's speedball went right down the middle. strike!

go ahead, fred. >> hi, jim. >> fred, what's up? >> i just required my target number of celsius holdings and it dropped about 12%. do i get more of it, hold what i got? >> i like celsius. i think there was some problems with the pepsi distribution. we didn't get downgrades. i frankly don't understand what happened, but i think celsius is a good hold right here. let's go to lance from maryland. lance? >> booyah, mr. cramer. i'm a first time caller, a happy club member, and i want to thank you for being the people's champion of investments. >> i sure try. and thank you so much for listening because we pull -- you know, he's getting back tonight. as he should because he is the heart and soul of the club. let's go to work. >> my question, it stock has a 3.8% dividend, but quickly lost a quarter over its value, my fortitude is shaking, it's cdf,

is it a hold, buy, sell? >> i'm concerned about cvs because i spent enough time with amazon for me to believe that at the same day, and i ordered them at 4:00 a.m. of course, it will be there. that is so much faster than going to cvs, which is actually two blocks from me. that's what happened in all of america. all right, look, i want to thank jensen for changing the world as we know it. put together that team at denny's. you know, we both thought this, we were both dishwashers, and i got promoted to busboy. for all the skeptics out there, see how nvidia is influencing almost everyone and, of course, this market. on mad money tonight, i'm going off the charts on copper to see if they will give me a signal of where the market is headed next. and what is crowd strike cooking up? i'm breaking down the numbers. let's see where the cybersecurity standout stands. and can snowflake's new partnership with, yes, nvidia,

a catalyst for a comeback? i've got the top brass fresh off of today's snowflake summit. so stay with cramer. don't miss a second of mad money. follow@jimcramer on x. send jim an e e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

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numbers, job numbers, jolts, pushing the index. i could go on and on. certain commodities will give you a tremendous amount of insight as to where the global economy is headed. that's why tonight we're going off the charts with the resident commodities expert, carly garner, a brilliant techtologist of commodity trading. last year she nailed in oil. and rather than focusing on the statistics, i went straight to her about the price of copper, where dr. copper, we used to call it in the hedge funds day, widely regarded for the economy because there was so much copper in the house. of course, some of the reputation was a blunt. copper prices were bullish. but whenever the price of copper theft tanks, we tend to shrug it off as an indicator. after all we're a service economy now. who cares about this industrial metal. over time copper has proven to be a great thing. but definitively meaningful not to be worth our attention.

as garner sees it, the copper market can and does talk to us as long as we're willing to take the time and listen. i would say as long as we can get her translation. recognizing stocks tend to lie on the price of copper. just over the last couple of weeks, this decline could be bad news for the averages. remember there's a lot of talk about the super cycle of copper two weeks ago? let's look at the 50-year, typically it doesn't go that far. 1972, president nixon. you need to understand why we're talking about this in the first place. copper mostly hovered between 50 cents and $1.50. garner says the pivot line created by copper is $2,000 right here. and through the test of time, becoming the new floor of support. aside from a minor blip during the financial crisis. and here you see this was actually pretty amazing. i call it major.

but copper has held firmly above this line over $2. $2 in change is as low as copper could reasonably go, which you don't expect that to be a target, currently it's at $4.63, much higher. we haven't even tested the floor support since the covid low four years ago when copper briefly dipped to $2.70 before quickly bouncing back. and i can tell you this was a blink of an eye when it went down. never forget the commodities don't trade like stocks. most of the times they trade sideways. but occasional stream will move higher and lower. you almost never seen them in one direction over time. they're all roller coasters. okay. now on the other side, they know the trend line is your $5.35. and just slightly above the $5.25 achieved in late may. this trend line began in 2007 before the financial crisis center that managed to keep a lid on prices ever since. we came close to that level last. and the possibility of a last

hurrah rally, i love that. and copper is likely peaked. again when you look at the last 50 years of trading here, you can see $5 copper is incredibly expensive. any time they have gone anywhere close to that level, it has come right back down. you can see, well this wasn't a breakout, but it just never gets anywhere near it. now i want to do this and i want to zoom in on the weekly chart of copper. don't forget they tend to be a leading indicator, often a few steps ahead. they know that copper will tend to make significant highs or lows a handful of months before the stock market does. it's a leading indicator with a substantial lag. and a look at what happened here in may of 2021. okay? copper soared. about seven months later, the stock market rolled over. that's because of the federal

reserve declaring war. the reversal might be a repeat performance with copper surging to new highs and then rapidly breaking down. i did not want to hear this, but it had is what the charts are saying. if that is really the case, then she expects the copper prices to retreat to $4 to $4.10. okay. but if stocks follow in the metal footsteps in a few months, she believes copper could resume, represented by the trend line. that's at $3. i mean, you know, talk about a substantial decline. the selling gets out of hand, garner warns $3.50 will be in play. historically the level has been pivotal for copper. prices tend to behave bullishly, so we will hope $3.80 as we get closer to $3, and then he'll hold here. and then who knows, okay? meanwhile when you look at the strength index from our side down the bottom, important momentum that paints a barish picture. they say they will move

violently into the territory late last month. and since rolled over, okay? and even with this decline, it is overbought then oversold and it is too close to the red line. they will act as a price magnet for copper and currently near $4. on top of the chart issues, garner warns that they are poorly positioned for this breakdown in copper, so take a look at this. i want you to check out the weekly chart paired with their weekly commitments of traders or the cot report as we talk about that a lot. and we love this data because they will show you how the different groups are positioned in any given commodity. it's small spectators, larger spectators. the physical metal. but they care about the money magazine as you set the tone. but according to the issue,

large group says they held had a bullish position, copper prices are typically about to peak. what makes it tougher for copper, as prices come down, these bullish traders will dump the position. they can't take the pain. leading to yet another leg lower. the distance of the waterfall. at the end of the day, there are plenty of fundamental reasons to like copper. we desperately need this stuff, green energy, including the electric vehicle batteries. you need plenty of copper as we said in the top of the show. we still have an appetite for the warehouse. but the bottom line, the charts and the history, interpreted by garner, suggested that everything has been priced in and copper is headed lower, possibly much lower if dr. copper is diagnosing a major economic slowdown. let's take some calls. why don't we start with john in michigan. john? >> hey, jim. i really appreciate your show. >> thanks, john. >> and i'm very bullish on

silver, and i was thinking of hecklum mining, and i wanted to know if you knew a better miner. >> i have to tell you, i'm not that keen on silver myself because i don't like the industrial aspect of it. but i do think i used to like, it's been a long time said this candidly. but i used to like pan american silver because they had the lowest cost, but hecla will do just fine, which is exposure to silver. now let's go to randy in pennsylvania. randy? >> jim, booyah. >> booyah. >> and fly eagle fly. let's go to brazil in your private jets and see the eagles win the first game. >> no private jet. but if the eagles are going to win the first game on mars, then you'll put me down in jensen's spaceship. >> there we go. gold, glorious gold. now do you know with the u.s. economy is uncertain, how much do you like gold and/or gold future stocks? >> look, i happen to like the

gold, the gld. i like that the most because the commodity cost have gotten so, so high to bring gold out of the ground that i prefer the etf. i think that's the best place to be and that is where i think you should go. all right, the charts suggested even though there is reasons to like copper, all the good news might have been priced in. and it's headed lower even though we hear many people say it's a super cycle. doesn't sound like she thinks that. mad money is back after the break. coming up, the cyber stock that made the crowd go wild. cramer takes a hard look at the soaring software play next.

look at this incredible run. the stock of crowdstrike. reporting tremendous quarterly insight. up 12% today. these guys have a long history of blowing away estimates and they did it again. delivering a big top and management raising the four- year forecast. they had a lot of success getting customers to consolidate on their platform rather than going elsewhere for a part of their protection from different organizations. at this point the stock is up 34% for the year, although it is still down roughly 66% from the highs in march. could they have more room to run? and a better sense of the quarter, welcome back. congratulations on a great set of numbers. >> great to be here, jim.

we're so excited with the numbers we posted. $3.65 billion in annual occurring revenue. free cash flow of 35%. with a rule of 68 well above the benchmark, a rule of 40. so overall, great quarter. >> it's funny you mentioned that because i happen to have open from my questioning, a chart called growth and scale. and because of the large numbers, we typically don't see as businesses get bigger and bigger, a level of 33% ending arr. and 34% revenue. what is your secret especially now because in another week, it will be the fifth year anniversary. >> well, we are certainly excited about the fifth year anniversary being a public company. but i really think that it is not so much a secret, right? we built a true security platform and that was the vision when i started the company well over a decade ago. i think you're seeing the realization of this. we can consolidate and save

customers money. we can save in time and more importantly, we can give them the outcome they deserve, which is stopping breaches. that's resonating with the customers, they are buying more. the a plus modules of one of the stats that we have talked about, attaching to the base was up 95%. that's the true definition of a platform company. >> yes. now i want to go back to something that you talked about as you put some dollars down here. you said every dollar invested on your platform could save a client $6. and can you talk about how that's possible? >> well, it is possible because when you would look at the hodge podge of what they need to use, we can save a tremendous amount of money. it's not just the acquisition cost of these other products. it's actually the time and money and the people power that are necessary to run them. then you combine that with our generative a.i. technology we call charlotte. we can take eight hours of work and turn it into ten minutes of

work because charlotte is doing the heavy lifting on behalf of our customers. >> i'm sorry, go ahead. >> 90% win rate when people actually pilot charlotte in their environment. >> yes, see that's incredible. the other thing i guess is the backdrop you give us. the crisis of confidence among security and i.t. teams of your customers in part because of another microsoft breach. >> well, this is what we're seeing. jim, you and i have talked about this for some time and that is a crisis in confidence in the install base. and i think one of the areas that we've been very effective and being able to provide security that customers need without consoles, without the complexity, and just having technology that works, and it works across the heterogeneous environments. one of the hings i talked about in my prepared remarks in the earnings call was this

concept of the culture. customers are at risk when they are basically buying security from their application security provider and their cloud provider, and you're buying legacy technology. so this is resonating with customers. one of the ways we created falcon for defender to protect microsoft customers that are using defender technology. >> therefore you're working, oddly working with microsoft. you're not ripping out microsoft, you're not replacing it. you're saying listen, with us you can feel safer? >> well, we're saying this to customers. we can backstop their technology on desktops. obviously it's an entry point for us into a customer's account. and overall leveraging our technology in services like overwatch, which is our managed detection response service. we've seen an improvement in the meantime to detection over our competitors like microsoft. so it's a win for our customers, and we provide a packaging that makes sense for them. >> you also talk about, for the first time point-blank, where it is a travel trust holding.

i like it because they are doing some things that is aggressive that i like in a.i. this is not the part of broad come. broadcom? >> there is. and this is something, you know, as a company, they have done a great job and you have to give credit where it is due. there is some legacy technology that's a part of their portfolio. really their customers are coming to us saying hey, we want something better. we want something more modern. we want something that could save us time and money and gives them alternatives. crowdstrike is a great alternative with a fantastic outcome. >> i think one of the things for the people who don't follow actually what exactly falcon does and what you do. there is a stat i think that will resonate with them. i want people to own the stock. and that is your application rate and how it compares to the best colleges we have in this country. >> this is an incredible stat. when i heard it, jim, i said we have to put it in the earnings

call. with the last five quarters, we had almost 700,000 applicants that we are so selective that we hired, you know, several thousand of those. but if you do the math on it, it is actually harder to get a job at crowdstrike than any ivy league college. that goes to the quality of the people we have at crowdstrike and the best people are solving the hardest problems for our customers and building the best technology. >> at the same time you pay homage to what jensen is doing. at nvidia, the epic center of securing the workload, driving the a.i. revolution. what happens if the bad guys get in control of some of the stuff that we're seeing from nvidia? >> well, look, you have to give credit to nvidia and what jensen is doing. it's just amazing. you know, we want to help them be a part of the success. when you think about the workloads and the proliferation of hardware and pause, i mean it is just exploding. you follow the hyperscalers in cap x and what is being bought,

how that's being used. you'll need security to secure all the workloads. this is another accelerant in the boom for cloud security, which is an area that we would play heavily. the bad guys can use gen a.i. >> and when they say look, we've got to stop the chinese from getting the latest and the greatest. if they have the latest and the greatest, it will be harder to stop them, isn't it? >> you know, i'll leave that for the politicians. we're going to focus on protecting our customers from the adversaries around the globe, including the nation state as well as the proliferation of e-crime, which has just exploded. ransomware and extortion. it's just an amazing set of challenges that customers have to go through. you know, we want to use the latest technology with a great partner like nvidia and leverage a.i. to solve really, really hard problems. >> and first of all my office knows we all sit together. i've got about a call or two a day from someone who represents a medicare organization or a medicaid organization, and they have all my healthcare, they

have everything. they have every operation, how is this possible? who has that information? none of these organizations are real. >> this is the challenge that we've seen, jim. this is one of the areas where i think maybe as well as it is not understood. people have gotten better at backing up their data. you've seen the other players help from that area. but the bad guys have changed their tactics. they are now resorting to extortion where they are actually then extorting companies for this data or they are leaking it, putting it into the dark web, then it's being bought and monetized. what you're seeing is the end user of that monetization, and that is why you're getting that call. >> they sound great when they sound me and the things they offer. sounds like the greatest thing in the world, which is therefore something people need to hang up immediately. i want to congratulate george kurtz. still one more, never fail, never miss quarter. george kurtz, cofounder and ceo of crowdstrike. george, thank you so much for coming on the show. >> thank you, jim. >> crowdstrike is a winner.

mad money back after the break. coming up, snowflake shares cooled after their latest report. could an investor day agenda help the stock plow ahead? stick with cramer.

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this is a rough time for the enterprise software space. the company recessed how much help they will need. the world is about to be transformed by yes, artificial intelligence. against the negative backdrop, many of the largest software companies are hosting big user conferences or investor events. look at snowflake, which helps companies analyze the use of data. they reported a solid quarter, but sent the stock going lower.

this week snowflake held their annual user conference, and last night the company had an investor day meeting. unfortunately it wasn't enough to turn around the stock given the difficult environment. in fact it fell 2% though. but they did not seem confident it could move the needle any time soon. you know what, i want to go directly to the source though. let's take a look at ramaswamy, the ceo of snowflake. mr. ramaswamy, good to see you back on the show. >> jim, excited to be here and calling in from the center in san francisco. we have over 15,000 people here, customers, partners, d developers, you can hear the buzz. >> explain to the viewers who don't understand. listen, i want to go to the hyperscalers, send them a lot of money, and hope they work out. >> well, we're the data platform that works. we create a single, simple platform that shows all the data strategies. we make it super easy for them

to clean the data, get it in, get inside, but also increasingly run a.i. applications on top of the data. we're like the car that comes completely assembled that you can just drive. yes, you can go to others and get parts, but people want to drive the cars and get the value that they have. >> this is great because the initial view i had of snowflake, you have these people that would go with a discreet short-term piece of business and then they might actually go away. but if you're putting the data on top of it with the analysis, it is more likely they will stick with you. what's the retention rate since you started this? >> well, our metric, this is how we measure, you know, how much revenue increased that people are spending. it's 128%. this is a pretty remarkable number. a lot of new customers and growth. it is also important to understand, jim, in addition to things like analytics, things like insights, mission learning, a.i., and also increasing the nervous system for the global enterprise because a lot of our customers,

they will exchange the data with all their partners. that'll create the stickiness because we are now a part of how they pretty much run their business. and not only that, but people are writing the applications on top of snowflake, which will give the next level of the functionality and the strength to the platform. all of these will build on themselves to create a long beautiful data platform. >> now, we have watched you since you come in and you're starting to put your stamp on things, and with the external platforms. i think that you should talk to us about how there really was -- look, i think of this, but this is very good for you, working at google for years. you know sales. this is the analytics, something that will change the course of your company? >> that's right. we talked -- when we last talked, jim, i was talking about icebergs and openness. i think we hit a pretty big milestone yesterday, the open

pharma. and we sent all of our customers to use it. we announced a catalog to get the tables yesterday. i think this is a big step forward. this also means snowflake can now act on more data because it's all the data sitting on cloud storage. it's great for our customers because they know their data is not locked into one vendor. we have world class -- we have the best computer engine that there is. i think this is a massive expansion of our time. >> i totally agree with that. now last night we had a data break. and it's a private company though. they talked about how they bought a pretty good asset. i mean you were talking about a patchy iceberg. i mean they've got the lines for this. is that something you had been interested in or you don't think you need it? >> we don't need it because we support the openness. it's fully integrated into snowflake's product, and we

have launched a catalog, which is how people get to the data that is sitting on cloud storage. all the other companies bet on delta. in many ways, this is 180 degrees. it speaks to how much support iceberg has. all the hyperscalers, azure, they all support iceberg as well. that's broad base support for a single one, and iceberg is that one. we are really happy that we leaned in heavily to support. >> i need your help. last year i remember it was kind of a fun wild time with jensen when he was at your conference. what i'm confused about. the more i read about blackwell, what these computers are doing is actually writing the software for you, maybe writing software better than what they could do. but do we need all of the enterprise software companies that we have now if the

machines are writing better than we can? >> well, i think machines are helping people write better software. machines are giving us more insight into the information that there is a part of what we announced yesterday, which is just trivial for people to create chat bots. they are being able to get insight from their data. that is the value of what we bring to the table. i think they're quite a ways away in a place like language models that could write software. it's a positive thing because there are a lot of things that humans don't like doing. we don't like writing documentations. there will be a lot of gain and efficiencies. this is why integrating a.i. into every level of the snowflake platform. i think there's a lot of benefit, but i think we are far away from the time when a.i. is just going to do everything that humans are going to do. >> what i would like to do, and

what you say to people that will take a lot of jobs away is that no, like you do, it's going to make people more productive, which therefore brings bigger profit, which means more people will be hired. >> 100%. you should think of it as a way to do like tedious tasks more accurately. there's a lot of creative elements to a. people are developing ad copies on top of snowflake that they could use in ads. it opens up a lot of possibilities as well. that's what's exciting about being a data platform. that's the buzz you hear from all the developers that are here. >> i think that's the way we need to start looking, the liberal arts types, which i know. start listening and stop worrying because i think this is the way to go. this is ramaswamy, coming from his conference, ceo of snowflake. thank you for coming on the show. >> thank you, jim. always excited to be here. all right, mad money is

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no time to waste. this isn't sci-fi. this is precision ai. ♪ ♪ it is time and that is what they will say. and the play is up. and then the lightning round is over. are you ready? turn on the lightning round. let's start with dick from florida. dick? >> good afternoon, jim. i'm calling about pnc stock. >> i always liked it. it will go to an all-time high. and the favorite stock. it also yields up. let's go to george from california. george? >> booyah, jimmy. >> booyah. >> energy fuels. >> what can i say?

look, this is a momentum stock. i'm going to go with ge because we're going to have nuclear, they'll be the winner. justin in new jersey. justin? >> hey, jim. thanks for having me on. >> thank you. >> hey, first i'd like to shout out to the boys from the discord group, and also the ceo of stock twitch who better knows me as ferrari fund, and also those, so let's get into it. >> all right. that's good. i love reddit. i think it's a good stock. just throw it in there. what's up? >> all righty. the stock i'm here to talk about is course scientific, who recently signed a 12-year contract to host nvidia gpus, on top of mining bitcoins per month and seconds only to marathon. where does this fit in? >> and just to be clear, i happen to like bitcoin, and i happen to like ethereum, and that is what i stick by. let's go to fernando in

virginia. fernando? >> booyah, jim. i started watching your show almost 20 years ago. back in 2005, when you were a young pup and you look the same, except thinner. >> you're very nice. >> and hearing you, you're not a big fan of intel, the competitor of nvidia. but what about a long-term investment based on a chip manufacturer? >> it is amd you're describing, not intel. >> let's go to tony in florida. tony? >> hey, jim. i just want to thank you for everything that you do. and i will be a club member for life. >> thank you. how can i help? >> well, the company i have is -- it's a company that does a lot with at&t and verizon stuff. in florida, it's mtz. >> that is a great infrastructure. it's coming back. i was so afraid when it went down after a not great quarter that people would say it's down and out, but no, that's a very good company.

it is a terrific one. we like mtz. let's go to randall in illinois. randall? >> hey, best wishes to you, jim. i'm calling about work day. i have a family member who works for work day. i've owned it for about six years, but it's been under pressure lately. can you tell me why it is under so much? >> it is under pressure because that's the part of enterprise software that is just simply not working right now. we're going to have to see another quarter before we can get behind workday. and that is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, gold, crypto, and sec is trying to keep up. just don't flip a coin. stick with cramer. bring your s on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization.

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polka dot for data, and osmosis, sushi swab, my neighbor alice, alternating millions. i'm talking about millions of

dollars this very morning. should we have a sushi swab? maybe an etf. but i would think that bonk is a natural and osmosis, these are trading -- gary, these are millions of dollars these things are trading. shouldn't we have some sort of product? >> sushi swab makes me kind of hungry. that's me trying to grill the ceo chairman this morning about all of this ridiculous crypto coins that trade millions of dollars a day that may actually be worthless. i wanted him to condemn the so- called process because it does not seem like there is one. but he told us he can't protect people buying these things like the beginning of blood simple. down here, you're on your own. that's right. if you're trading crypto, you're on your own. look, i say this to someone who is sympathetic to crypto in a world where the government faces the debt service. believe me, i absolutely want to diversify something that might be a better store holder that's better than the u.s. dollar. i really like ethereum and the fact it's using real commerce. even though it is time

consuming to buy some. i'm gratified there is an equivalent of an etf for bitcoin, and one approved for ethereum. they have been very rewarding investments, and i do prefer you do them with the etfs. but it's time to clean up the rogue coins. they make a mockery of the target. there are tons of coins that are down right worthless. i have no affiliation backed by the full faith and credit of who knows what. i wish they would be taken down. we know the sec tried hard, well, tried to at least figure out how to police crypto. some say it's been heavy handed. but some trafficking crypto, we should burn the crypto chaff. not pushing garbage purely to make money. right now the system is a mess if you can even call it a system. we don't know what's legal and what's not. we don't know who is committing fraud and who isn't. we don't know who to turn to because they go after the rogue securities, doesn't regulate cryptocurrencies. and they seem reluctant to make

things clearer with actual legislation. and this weird mosaic makes what should be totally legitimate crypto coins into these pieces of data that is indistinguishable from each other even if it is obvious that some that we follow have no reason for being. as long as they will run gigantic budget deficits, they will hold value. and it is not enough. you know i love gold. it's a great inflation insurance. something i learned at my work at goldman sachs. and a lot of my clients, they want to hedge for the world, that was gold. now i still do like gold. it is still hard to find. we discovered less each year than we put away, so it's going to keep its value. but gold doesn't have, excuse me, the luster it used to have. it's becoming increasingly expensive to extract. its recent run is surprisingingly muted given what happened to inflation, and it did nothing when things were really raging. that's why i think there is a place for bitcoin or ethereum in your portfolio. i wish the bogus cryptocurrencies would get

outed by the regulators. i think they will see too much money being made. way too much that some believe they're allowed to self-police. believe me when i say that ultimately it will be their loss and not ours. i'm jim here on mad money, see you tomorrow. "last call" starts now. right now on "last call", the battle for tech supremacy, nvidia topping apple for the first time ever. escape from new york. a new stock exchange in texas, aiming to take on the big apple and it could have big implications for your money. virginia ditching a major ev mandate set by california. we will hear from the governor. all that and more. so belly up or buckle up, becaus