>> not much lower, i think you can buy it here, stop it at 80 in case it does go much lower. >> guy? >> those glasses look great, mel. you should rock those from now on. gold. >> all right, thank yofou r watching "fast money." "mad money" with gold. >> "mad money" 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." welcome to cramerica. my friends, i'm going to try to make you a little money. my job is not just to entertain but to educate and teach. call me at 1-800-743-cnbc. or tweet me, @jimcramer.

today we found out what's wrong with the drugstores. it's not the maximum security of merchandise where you need to call the jailer to get a bar of soap. it's not the often downtrodden employees. no. it's amazon. on a day where the dow gained 36 points, up 0.9%, i see amazon hitting an all-time high, putting it in rarefied air of the $2 trillion club. i see wall grgreens hitting a multiyear low of $12, down 22% today. after reporting an abysmal quarter, it was its worst day ever. >> sell, sell, sell! >> house of pain. >> we had our cnbc investor club meeting today, and we discussed the greatness of amazon, but i feel we gave it short shrift. amazon is so phenomenal, it can destroy any industry it chooses to go after. it's the retail death star. we learned that amazon is planning to launch a discount store to go after the ultra-low

cost but often ultra-low quality of temu and shein. those have become the most powerful apparel makers in the woshld. now that amazon is rolling out a similar discount story to compete against them, i don't envy they prospects. with walgreens, amazon taking no prisoners, tnp. amazon missed the estimates by a mile, causing the stock to cascade back to the lowest level since 1997. it will close a significant number of money -losing stores. tim wentworth didn't mince words on the conference call. "the severity and challenges of the operating environment have only added urgency." he went on to say, we are at the point at the point where the current pharmacy model is not sustainable, and challenges require we open the market differently. no wonder the stock was down 22%. wentworth's ideas include

putting money behind the pharmacy business, because that business is still good. that doesn't mean opening clinics as walgreens has a stake in village md, which they intend to monetize, although i don't know how. walmart recently closed its 51 health care clinics in their stores because they couldn't make them work. too costly, hard to staff. who they have that's going to pay for these properties, i have no idea. let's deal with the reality of the situation. if you listened to the conference call today, and it was a tale of woe, frankly, you would have heard tim wentworth trying to make sense of the decline. you may not know he's one of the finest business people in the world. he knows this business well. he's identified the edge that walgreens has for the moment. the pharmacy in the back of the store. but as walmart found out, pharmacists are also hard to find. wentworth's been spending a lot of time talking to 15 pharmacy schools, as well as talking to trade associations, just to find some workers. it's vital.

but how much will it even matter? it might be a foot race. can they close enough stores, stop the pilferage and hire enough pharmacists while they get out of bad leases, shrink the store? will rite aid close enough stores? or will amazon simply eviscerate them? like it did to the late, lamented borders or the shri shrinking barnes & noble bookstores. for years and years, walgreens relied on shoppers who bought all sorts of merchandise in part because they needed to get to the back of the store and pick up their drugs and walk back to the registraer. they were terrific almost captive customers who seemed more sensitive to time than price. we had two huge beautiful stores of theirs within a block of our office. when the second one opened, it was a gorgeous store. it had everything. it had sushi. i had the sushi. it was okay. we did a show from it with an

old ceo of walgreens. i remember asking the manager how it was possible, how they could have two stores within a block of each other. the answer? too much business to handle at one store. now, both stores are closed. too little business. what really happened here? for one thing, service went to hell. they fired as many people as they could. but then they became groeund zeo for theft. now you have to call a clerk to open the gate. however, having fired a ton of workers, there aren't enough people to open the plexiglass lids. i once waited five minutes, charted on my phone, pressed the button to see it was really five minutes. nothing happened. five minutes waiting for shaving cream. pushing some button while i stood by idly. i finally just left. it's a lesson in how to turn a walgreens customer into an amazon customer. if you're an amazon prime subscriber, instead of taking time to ring the buzzers and hope that some downtrodden

walgreens employees will break away from what they were needing to do and open your plastic doors, or just order from amazon. amazon's been working endlessly to ensure same-day delivery for the stuff. do you care -- you can't forget the shaving cream at 10:30 a.m. at your office or home. you don't save intraday. the only difference is that prime is cheaper. and it's not like the -- he was the president of the united states. and it's not like they only have the basics instead of the exotics that are almost always under lock and key. amazon more varieties than walgreens. they have 42 different old spices instead of just the usual 17. they got every old spice. how many new old spices came out today? come back to me. amazon's never set out to destroy borders. they didn't set out to destroy walgreens, either, but they set out to get the best products with the best prices at the most convenient places, meaning your home. walgreens can't afford to have the lowest prices and we never

expected them to. who would have thought the stores could be less convenient than amazon? it's a wonder to behold. let's throw in one more issue, watching people right in front of you steal what you're actually paying for. i've seen this happen in walgreens all over the country. i've seen people caught by police and then released on the spot. i was part of a san francisco catch-and-release program. i'm not get -- a police officer told me -- first, he asked me if i'm an angler. here's an amazing thing. you have to pay when you shop at amazon. it's a bummer, you know, you got to press that button. i don't know. you pay. sorry. meanwhile, beyond the front of the store, amazon is constantly trying to be your pharmacist. they offer a bunch of medicine, and you can go toglp-1. they got the wegovy. it's on the home page. i think it will be game over for the back of the store once we begin to speak to an a.i.

version of our doctor pharmacist, which is what they're working on, and that doctor is a lot more empathetic than your doctor, especially if you're the village -- what is it? the village dm? what is it? what do they call that? the city md summit? whatever. that's when the drugstore goes the way of the dodo, bookstore. here's the bottom line. the stock market can be a brutal, brutal, brutal ctask master. so can capitalism. i'm sure we'll come up with some way to make money before its dead position wipes it out, but right now, my money is on the company with the stock that's on the all-time high list, not the one that's on the new low list. my money is on amazon. i feel like taking calls. i feel like going to betsy in california. let's speak to betsy. betsy? >> yeah, hey, cramer. i got one that is on the low list, and i'm struggling with it, because the pe is 8.9. the profit margin is 13.59. and the institution's at 77% or

75% depending on which chart you read. and yet, the raw materials are schlepped halfway across the country, and is you need a process the raw materials into coke before you even can make the finished product. >> okay. >> cramer, when -- tell me when can i invest in nucor again? >> i think nucor is the greatest manufacturer in america. i think the problem is that the estimates are going to prove to be too high, because business is slowing. this is what the fed's doing. and understand that we're not against the fed, because we don't want inflation, but nucor right now is a casualty, and once the fed starts cutting, you're going to be in that stock. maybe it takes some pain now, betsy, and you'll get some gain later. by the way, when she's speaking of coke, she's not speaking of an illegal one or a liquid one. she's speaking about something that's made in a steel mill. i don't want people to get the wrong opinion of anybody.

look, i'm sure walgreens will find a way to make some money before its deposition wipes it out, but my money is on amazon. it's the company that's hitting all-time highs rather than the ones that are hitting the lows. on "mad money" tonight, micron fell out of favor today because of a forecast. that's ridiculous. let's -- i think it's garden variety profit-taking and red-hot stock. let's talk to the ceo. don't miss my exclusive. then, is it time to raise a glass to corning? i'm giving you my take and sharing if the glass remains half full on the story. what should you make of aerovironment? i'm getting the latest from the ceo. stay with cramer.

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five years? -five years. introducing the comcast business 5-year price lock guarantee. powering 5 years of savings. powering possibilities. ♪ all right, what the heck just happened to the stock of micron? last night, the commodity chip maker, and this is the last time i'll call it a commodity, by the way, reported an impressive set of numbers but the stock did get hurt. 14 cents beat off a 48-cent basis, its earnings per share up from the previous quarter. sounds pretty good, right? i thought so, and most of the analysts agreed, but the stock got slammed anyway. i saw people saying the problem was micron's sales guidance, which was merely in line with the consensus estimates, not above expectations. that strikes me as a bad reason

to dump this stock. i think it's just micron was due. it's doubled since a year ago. that's what i think is going on. don't take it from me. let's check in with the president and ceo of micron technology. welcome back to "mad money." >> jim, great to be back on your show today. >> thank you, sanjay. let's step back for a moment from the day-to-day trading. you have come up with some incredible chips. they're not commodity chips. they're incredibly proprietary, and you have a hide-bandwidth memory chip that's probably going to be the star of the next 10, 15 years for a.i. you are not given to hyperbole. there are people who want you to be hyperbolic. is it not true that these chips could be -- particularly high bandwidth memory -- huge chips for many years because of a.i.? >> absolutely. we are in the very early innings of a.i. here. high-bandwidth memory last year was in single digit billions of

revenue, low single-digit billions of revenue in our industry. as we look ahead in 2025, high-bandwidth memory is going to grow to over $20 billion of revenue, and micron, in the very first quarter we reported we began shipping this product and already achieved $100 million of revenue, and we said in our fiscal '24, we will have several hundred millions of dollars of revenue, and growing into multiple billions of dollars of revenue in our next fiscal year, which will start in september. and this product is already accretive, and jim, what is exciting is that this is a highly complex product. micron has the best product in the industry, 30% lower power than any of the product, and you know that in a.i. applications, datacenter applications, performance is important. and of course, we have better performance with our product as well. so, this product is critical to a.i. applications, because this is what increases the power for

the communication between the gpus and the memory. that's very important. that's what enables, ultimately, a.i. applications. it enables generative a.i. we are in the early things. i think we have a long road ahead of exciting opportunities. this is hpm-3e. there will be hbm-4 and following iterations, so exciting road map ahead, and we are very much focused on it and excited about the opportunities and micron team. it's very much focused on execution here. >> some people are -- know the micron, say, from the '90s and the early part of the -- of this century, and then last, even, eight, ten years, that it's boom-bust, boom-bust, but the product you just described is not a commodity. it is a secular growth chip that people aren't used to seeing micron do, and therefore, i

think they don't understand that you are not going to sit here and say that it's going to be huge, although we don't know what's going to happen after. that's not the trajectory of this hbm. >> hbm enables tremendous opportunities for differentiation. it enables opportunities for differentiation. the future generations of hbm that i mentioned, like hbm-4 actually enable processor and memory to come together to even drive data innovation faster performance, the compute platforms at the accelerator levels in terms of interface with the gpus, and important thing also is that hbm is the kind of memory that takes three times more silicon to produce the same number of bits. so, as hbm grows in penetration and the d-ram market, and of course it will scale up as a.i. gets bigger, it actually is a headwind to the supply growth in the industry, so hbm is really a

great margin accretive product for not only by itself but it actually has an impact, that ripple impact on the pricing increases through the rest of the d-ram industry as well, because of this supply impact that it has. >> at the same time -- >> this is a great product, and important thing, jim, is that, of course, hbm is a great product for a.i., but a.i. is permeating through edge devices as well. pcs and smartphones where micron is well positioned are also, you know, enabling a.i. and they require more memory content than those devices as well. and this is why, jim, we say that micron will be one of the biggest beneficiaries of growth enabled by a.i. in the semiconductor industry, because our exposure to a.i. growth goes from datacenter to edge devices such as smartphone and pcs and automobiles, so, really, i don't think, besides nvidia, any other

company has as large an exposure to the a.i. growth as micron does in the semiconductor industry. >> i want people to know your history. you came on. you told me back in, literally, a year ago, that, look, inventories, which had been very bloated, and i -- many, many times, i said, give me the -- five give me the go ahead. you said, the inventories are elevated. inventories were no longer elevated last summer. you said that. that's when the stock was in the 60s. what -- and that was money good, and everybody who listened caught a double who listened to you. i'm hearing you now aying, listen, we -- and i know that you -- these products are harder, so you don't get the yield immediately -- that you are not saying that, look, we are in the sixth or eighth inning. you're saying we are early because this is a different kind of chip for micron. >> absolutely. a.i. is in early things. generative a.i. is in early innings. high-bandwidth memory is absolutely in early innings, and

it is really a generational product, totally transformative kind of product for our industry, but again, it's not just hbm. micron has products, high-density, which will be several hundred millions of dollars in our second half of this fiscal year for us, as well as low power d-rams which also go in datacenter servers. and of course, we have strong portfolio of products that go into smartphones and pcs and automobiles, and of course, drives our enterprise as d-drives hit a record for us in our f q3 that we reported, again, driven by growth of a.i. we talked about it in our earnings call yesterday, jim, that our datacenter revenue mix this year will be a record level, and it will grow from here on in fiscal year 2025 as well, so we are absolutely playing along the stretch that we defined a while ago to continue to shift the mix of our products toward higher margin

solutions, and datacenter is an important piece of that. >> at the same time, i was trying endlessly to say, listen, can i call an end to the pc cycle? and you said, no, no, no, and that was dead right. but now, with a.i. in the pc, i hear you saying that things could be quite good. >> things have largely played out as we said before, jim. we said datacenter inventories will normalize by mid-summer. they have normalized, and you are see a strong buying pattern for memory in datacenter. we had said sometime ago that because of increasing prices of memory, as well as tightening supply that our customers were seeing with memory shifting more and more toward datacenter, and of course, that a.i. pcs and a.i. smartphones coming online in the second half of the decade, some customers in pc and smartphone markets built some inventory, but this is really to address their demands, and as we look at 2025, a.i. will drive

growth in pc and smartphone as well. pc is going to have refresh, windows 12, as well as expiration of windows 10 and new a.i. pcs is going to drive a new replacement cycle. >> many, many -- >> so, yes, we are positive on pc and smartphone, and well positioned to address growth there as well. >> i want people at home to understand, he did not say that because he is hyperbolic. sanjay, and he's right here, so i feel a little awkward saying it behind his back in front of him, is conservative. that's one of the reasons why people sold down the stock. don't ever say, i'm going to sell a stock because someone gave conservative guidance when they have been right about their guidance the whole way in the sense that they did not put any hype into the numbers. sanjay mehrotra, thank you for coming on "mad money." i think you really told us the way people should understand. great to see you. >> thank you, jim. >> no hype.

just great numbers. "mad money" is back after this. >> announcer: coming up, in case of profits, break glass? a stock screen about a stock that helps make screens. next.

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♪ look, i'm always watching the 52-week high list, searching

for new ideas. for the past few weeks, it's become impossible to ignore corning. it used to be an incredible performer many years ago, but it's an absent from the new high list for ages. they make specially engineered glass, plastics and ceramic supplies. think the glass used in fiberoptics or flat panel displays, not to mention car and truck components. this stock was a huge winner before the dot com bust, from 2002 to 2021, it worked its way higher. again, in fits and spurts. there was a ton of pull-forward demand in corning's end products during the pandemic. they overearned. when we got over covid, corning got hit with a serious slowdown because we had enough hardware and fiberoptic infrastructure. that's why the stock fell 46% from its highs in 2021 to its lows last october. now, for the last eight months, though, corning's really been on

a roll. first of all, it's adjusted by the rally. these guys reported a hideous quarter last october, and that had slightly better numbers but still gave a weak outlook when they reported again in january. and you can see, you know, look where this stock -- get a good look at it. finally, two months ago, we saw what the buyers were anticipating when corning reported a strong quarter. since then, it's kept running. hitting its highest level since early 2022, although after nasty pullback yesterday, it's down. can corning keep running? let's look at the numbers they posted at the end of april. this was by no means a blowout quarter, but it was a solid set of numbers with management giving us an optimistic outlook for better days ahead. that's all they needed to do, given how awful the previous two quarters had been. when you look at corning's six individual segments in the four largest optical communications display technologies, be especially materials, and environmental technologies all

came in stronger than expected. only the two smallest divisions came in weak. most importantly, right at the beginning of the conference call, corning's ceo ticked through the highlights. and said, "we're seeing encouraging signs of improving market conditions. we continue to expect the first quarter will be the low for the year." say no more. corning believes that the first quarter will be the low and bid will build from there. that claim got extra credibility because management offered better than expected core sales guidance as well as inline core earnings per share outlook. sales have already bottomed. i like that. second, management plans to grow its sales by $3 billion in the next three years, a substantial sum for a company with $13.6 billion in revenues last year. the third and final step, corning is in an industry with high fixed costs and relatively low variable costs. they've got all these expensive factories that aren't running at full capacity, so when they get a huge sales boost, most of that

new money flows right through to the bottom line. corning introduced this three-step framework for higher earnings back in january, but nobody cared at the time because management hit us with lowball guidance. it was like the company was saying, the first quarter will be bad and get better from there, trust us. not many were willing to give them the benefit of the doubt until we saw that things were playing out as predicted when they reported again at the end of april, still, it's easy to say you can grow sales by $3 billion over the course of the next three years. much harder to deliver on that promise. corning has some exciting stuff planned, 85-inch tvs, products for solar energy and innovative pharmaceutical packaging, but there's one product category that's far and away the most important, and here it goes. optical communications equipment. talking a.i. see, alongside glass for various flatscreen displays, optical is corning's largest segment. it's also been one of the last parts of the business to find a

bottom and turn around. that's partly because investors, after years of investing, many of these outfits have been dialing back their capital spending plans. that's done serious damage to corning's optical business, which saw its sales shrink by 20% last year. even in the first quarter of this year, opticals were down 17%. however, i think this division is already turning. for corning, their first quarter optical sales were up 3% from the previous quarter and that 3% sales bump translated into a 14% increase in net income. on the latest conference call, management said the process of teleco customers working through their inventory is well under way. i'm more interested in the new growth drivers for corning's optical division. first, expanding access to rural communities, including broadband equity access and deployment or b.e.a.d. program. that's practically a substance for corning's fiber business. secondly, more important, you

know what else needs fiberoptic equipment? datacenters, especially the ones being used for artificial intelligence. these new datacenters that are being built -- being purpose built for a.i. require a ton of fiber. a lot more fiber in order to connect their nvidia chips into superpowerful gpu clusters. corning is also coming up with new products for these modern a.i. datacenters, including something called the rocket ribbon cable, which reduces cable diameter by 60%. that matters because smaller, denser cables are ideal for a.i. infrastructure. with tech, smaller is always better. put it together and corning feels like a stealth play on the hottest trend in the world. people started to notice. late last month, jpmorgan upgraded the stock to overweight, saying, "cyclical and secular drivers in the primary business of display and optical are lining up favorably for the company and should position it well to leverage the up cycle in revenue," i could not agree more. look at this, will you? while the stock is already up 53% from its october lows, still

sales were just over 20 times this year's earnings estimates and 17.5 times next year's earnings estimate. this is assuming the estimates are too low, frankly. here's the bottom line of what i think is a very exciting story. to me, for the first time since 2000, if you believe -- 1999, actually -- if you believe in the turnaround here, then corning is going to have a lot more room to run, and me? well, just call me a believer. let's take some calls. let's go to trey in texas. trey? >> jim, i drive a hearse for a living, and i can tell you there's one thing we last responders know better than anyone else, and it's that life is short. therefore, i must escape the rat race. something about being a 45-year-old man asking permission to take a vacation doesn't sit right with me. >> all right. >> give me the retire early stock. i think it might be data dog. what are your thoughts? >> i think datadog is an incredibly good company. i wasn't totally enamored with the last quarter, but it's

better than some of the others. i will tell you that i don't think this datadog is going to be an nvidia. i don't. but i do agree with you that i think it can trade higher and it's a well-run company. i wish that olivier would come on. if you believe in corning's turnaround plans, the stock is going to have more room to run. it's a great american company. count me as a believer. much more "mad money." aerovironment, i'm going to talk to the ceo. then, should you really be selling levi's? i have a message for the sellers in this legacy denim company. and all your calls in the lightning round. stay with cramer.

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♪ all right, look at this decline in aerovironment, the defense contractor known for its high-tech drones, ground robots, all the stuff that represents the future of the way war fighters are going to do their job. they gave muted guidance for the full year, and it crushed the stock, sent it down more than 50% of its lows, although ultimately it rebounded as cooler heads prevailed. does it make sense to abandon this one after a weaker forecast? i'm a huge believer in this business and this company. everybody who's watched the show for any long time knows i like this thing, i don't know, maybe, it's -- it's probably gone up more than four times from when we first started talking about it. let's take a look with the chairman, president, and ceo of aerovironment. great to have you. >> great to be with you. >> i'm proud to have been with you for a long time, because we felt that you offered the

alternative to these big heavy systems which, to me, seemed very outmoded, because you have to have ground war fighters be able to shoot and live and have people have it up in the sky. all that i have seen so far that i am most proud of you about -- well, there's been many things, but you were the first one in this replicator program, which to me is the pentagon saying, we're not tolerating expensive stuff anymore. we want precision and we want it without a huge amount to the taxpayers. >> you called it right four, five years ago when our stock was in the 20s and 30s, and where we are today is fantastic, and of course, we are just startling. starting. the fundamental shift in warfare is that distributed intelligent robotic systems loading munitions, small drones, that's what we specialize in, is going to be a much bigger piece of the warfare in the future. conflicts in ukraine, conflicts until the pacific, it's all with that. replicator is the first initiative that the department

of defense has taken up to the undersecretary -- the deputy secretary of defense, kathleen hicks. dr. hicks has made it a mission to bring in these types of capabilities to be able to deter china and also defeat our adversaries in that theater. and we were honored to be selected as the first awardee for the replicator program, the switchblade 600, and the army said they're going to buy over a thousand of those immediately on the first tranche of the replicator initiative. >> people have to understand that you, early on, we met and we talked about agricultural drones, because the government, frankly, the military was not ahead as what you saw would happen. you predicted all of this. unfortunately, we have real wars going on, but you predicted that taiwan would have to be predicted. you predicted that russia could be a problem. now, ukraine and taiwan are gigantic markets for you. >> that's right. absolutely. ukraine, today, to date, we have delivered thousands of units of our robotic systems. nine of our different products. nine of them are in use in ukraine. we are the workhorse of ukraine

as an air force, the puma and puma les are flying all over. almost every artillery the u.s. has given to ukraine has a puma flying in front of it to find targets, assess the battle space, find targets, and sweeten the targets for them so they're more effective. you know, having a himar even fire without the intelligence and surveillance of a puma, it's less effective. the puma makes it a lot more effective. we want to increase the efficacy of these systems that we're providing to ukraine. and taiwan is going to be very similar. and we're the only company that i know of that can actually produce these things in thousands of units. the d.o.d. quality and rigor today. >> we should talk about that. i remember when ukraine, we were first talking about funding ukraine, and there were a lot of pictures about the javelin, and the javelin is not yours, and when you looked into the javelin, it was very expensive and also seemed like you had to see the target, which therefore almost always means the target can see you, which means that the losses, the number of men

and women who were killed is way too high. what's the difference between your uncrude and the javelin? >> so, our switchblade 600 has essentially the same warhead as a javelin. it's an anti-main battle tank warhead that can go through any type of armored vehicle, including the russian tanks. javelin is a line of sight, you have to physically be able to see the target, as you said, within two to four kilometers. that is a very close fight. it's way too risky for the war fighter to be that close. we do not want our men and women in uniform to be that close to the actual enemy. our solution, switchblade 600, could be shot from almost 90 kilometers away. typically, 40-plus kilometers, and once you get to the target, you could also loiter for about 40 more minutes. find the target. >> explain what loiter is. i know that's a very important term. it's a term of art in your business, but people might think just kind of hanging out. what does loiter mean? >> loiter means that you have a

very sophisticated gimbal or sensor in the front of the uav or drone that actually looks in the landscape and finds the target. you're going to look around to see if i can find a russian asset that's worth taking out, a tank, a radar system, a compound, a forward operating base, a munition depot, et cetera. once you find it, then you designate the target to the switchblade, and then the switchblade goes and hits the target as an explosive munition. that's when it actually achieves the lethality piece at the end game of the actual hitting. once you get to the site, which is 40 kilometers-plus away, then you have another 40 minutes to keep looking, to find the right target you want to engage, and then you take it out. >> a lot of people say, rand has these $500 things and they're every bit as good as what you're doing. could you explain to us what the bad guys have versus what we have? >> the best way to describe it is that american innovation, including ours, is by far the

best in the world. there's nothing that our adversaries produce that is of the caliber that we make in the united states. this is a tremendous strategic advantage for the united states. and we need to keep that up. we are -- this is the reason why invest 11 to 12% of our revenue in r&d, and this year -- >> i know. people don't like that you're spending so much on r&d. i do, because we know men and women in our armed forces deserve it. let me ask you. there is a presidential election tonight. i understand, from what the replicator program is, the current administration is trying to say you are the hope, because you're not going to break the bank. do you think it's going -- do you think either presidential candidate has a different view on drones, on what you're doing? >> not to my knowledge. right now, both houses of congress, both political parties are -- both the pentagon leaders, everyone actually believes in this future. it is the future of what's going to be a much, much more wars of drones. the ukraine conflict proved it to us. >> you predicted it. you came on this show, and i was

saying, when are they going to start ordering? i actually talked about ordering them myself and trying to send them over there. you told me you're not allowed to do that. you had them. the whole time, you said it, and i couldn't believe we were spending millions and millions and getting almost no bang for the buck. you've changed that. >> we have definitely changed that and proven it in real life when our systems arrived, and now they're very, very effective in the battlefield. >> they sure are. >> ukrainians love them, and it's doing a lot of good. >> and i hope you save taiwan, because we cannot put soldiers there for some reason, but with we can put drones there. >> we are ready to defend and provide the systems in tens of thousands. >> perfect. that's what i wanted to hear. chairman and ceo of aerovironment. i wish you'd been able to come on midday when the stock was down g gigantically. >> announcer: coming up, pop open those umbrellas and tee up your toughest questions. cramer takes on all comers in the lightning round.

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okay, team! oh, thank you so much i couldn't have done it without you. honestly, i don't do a whole lot here. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys them? oh, i hadn't thought of that

that's probably not gonna happen can we handle that kind of traffic? the network can handle it! i downloaded eight hours of true crime stories just during our last video call i'm learning a lot >> announcer: lightning round is sponsored by charles schwab. trade brilliantly. it is time for the lightning round. and then the lightning round is over. are you ready? going to start with brandon in new jersey. brandon? >> new jersey booyah, jim. >> right back at you, garden sta stater. what's happening? >> i was looking at palantir. it's up 52% year to date and 20% month over month. at this point, is it too late to

get in? >> well, if they would tell you what they do, no. that would help. a lot of things -- i tried to look at it. it's a giant black box except for it's a consumer product goods company. there's better people to ask. brian in nevada. >> booyah, jim, how you doing today? >> i'm doing well, how are you? >> i'm good, my question is about a stock that's been accumulating for over three years now. they have a topnotch leadership team, including a ceo that receives no pay or compensation. they're staged for economic uncertainty and investment opportunities of over $4 billion cash on hand. what is your honest opinion on gamestop? >> okay, gamestop raised enough money off the backs of the apes, the memes, the kitties, whatever, that they can reinvent the company. if they reinvent the company, then you're absolutely right. they have a big war chest, they can just close all the bad gamestops, and you know what? they can open nationwide ice cream parlors. ben in jersey. ben? >> thanks for all you do, and great club meeting today.

i need your help. recursion. what do you think of the secondary offering? is it -- >> i didn't like the secondary offering. i thought the secondary offering -- they priced it at 6.5. are they desperate? that's an act of desperation. don't do desperate things. desperate things do desperate things to the stock. i don't like desperation. let's eliminate desperation. let's go to richard in florida. richard? >> hey, mr. cramer, thanks for taking mo get your thoughts on ion q. >> yeah, see, this is a company that if it were going to make money, i would start liking it. let's go to ray in maryland. ray? >> jim, how you doing, it's ray from baltimore. >> hey, ray, what's going on, man? what's happening? >> i wanted to call to say thank you so much for what you done for me over the years. i really enjoyed the show, but as much as i enjoy the show, i think i like your books even more. >> oh, thank you. i might -- there might be another one in the works, but i don't want to jump the gun

there. let's take no prisoners. what do we have? >> my question is about marvell. i've owned it for a couple of years, and i've done well, but in the last few months, it's been plateauing. should i continue to hold? >> yeah. look, matt murphy has a division that's unbelievable and another division that's not. the unbelievable division continues to be unbelievable. the not might get better, so you should hold on to it. should hold on to it. and that trading at schwab is now powered by ameri, ladies a is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by charles round is sponsored by charles schwab 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.

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♪ wait a minute. should you really be dumping the stock of levi strauss and company down more than 15% as it was today? because the company failed to meet very high expectations when it reported last night? i think not. last night, on this show, mic michelle gass delivered a quarter with light sales but a huge earnings beat.

it wasn't enough, because levi's sells denim and there's nothing hotter than denim right now, so people expected a sales blowout. there's no denying when a reretailer doesn't blow out the sales, it won't necessarily be able to make it up on margins, even if levi's pulled it off this time. did the stock really deserve to get what ccked that badly? i recognize the quarter had real issues. if you have a beyonce levi strauss on top of the hottest trend in apparel, this should have been levi's moment, but the company is undergoing a difficult transition where they aren't in control of their own destiny. these transitions are never easy, and it's got this dockers division that disappointed and hurt the quarter. what happens after the direct to consumer pivot? what if they just decide to get rid of dockers the way that ralph lauren sold club monaco? what if the guidance, which hurt so badly, turns out to be conservative? the company did raise its dividend by 8%, which is a sign of confidence. before you sell something based mostly on the forecast and the

incredibly high estimates that were almost impossible to beat, you have to believe that nothing can go right going forward if you're going to sell levi's down more than 15%. i think that's a sucker's bet, especially because this is the best denim cycle i have ever seen, and i have seen a bunch. don't abandon the best of breed in this early stages of this kind of cycle. we often see stocks just go higher on earnings, but they get reined in by management trying to be prudent. sadly, wall street is rarely a big fan of prudence. i think sanjay, who you heard earlier today, he kept his guidance lower because it could be, i don't know, there's absolutely in it for him to get bulled up about a given story. anyone who's followed sanjay knows he's a cautious executive, not given to hyperbole. he did flag at the bottom last fall that inventories had gotten too lean, but he didn't ring a bell saying it's time to buy. he didn't beat his chest and make a call shot that this is the moment to buy micron. it's almost as if sellers want him to stake out an outrageous position for no reason, other than to help get traders out of

its stock at higher prices. sanjay's not trying to appease or make money for traders. he's running a business. i know people take guidance as gospel. that's why both stocks got whacked but every time i see this selloff, i hark back to another time on "mad money" when i was interviewing the legendary frank slootman, an amazing business person, known for crushing the numbers. he was at snowflake. he had delivered one more terrific quarter, but he gave us guidance below expectations that sent the stock cascading lower in afterhours trading and was shortly before i started interviewing. i prefaced my question by saying it to get at the big decline in the stock, triggered by a very soft forecast, because that was the skunk at the garden party. he gave me an answer i'll never forget. he said, jim, the guidance is the guidance. in other words, he had to pick some number, so he did. it wasn't enough. so what? it didn't matter. he didn't want me to take -- me or anyone else to take the stupid number seriously. so, my message to you, sellers,

is simple. if you're dumping these stocks because of what's happened next based on management's comments about the future, let me just say something you should never forget. the guidance is the guidance. i like to say there's always a bull market somewhere. i promise i'd find it just for you on "mad money." i'm jim right here on matt money. "last call" starts right now. welcome to a special your money your vote edition of "last call". tonight's presidential debate, you are looking right now at live pictures of atlanta, georgia. president biden, former president trump, ready to face off, and it will be the first time ever that a current and former president will debate each other. we are blowing past all the partisan rhetoric and hitting this debate cnbc style. we will hit everything that matters to you and your money, from inflation, the economy, taxes, immigration and more. and