about 9% from its highs. look at some of them nvidia closing shy of correction territory, down 9% are these once high flying chip stocks turning into a bargain buy pete >> i think they are an opportunity. intel, i know you are in intel. >> yes. >> i love that name. i think they are doing what they need to do at all the right times and they have prepared themselves going into the future micron as well acquisitions in the space. they have done it and positioned themselves well for cloud and mobile and everything else i love the chips, most of them trade at an extremely cheap valuation. great cash flow, cash on the balance sheets, i think m&a is going to persist >> a lot were hyped up because of the promise of autonomous drive. >> let's be clear, micron and intel, those valuations are arguably very cheap relative to their peers. what's going on in the space is not just autonomous.

it's ai. it's memory. d ram is also strong i think there is restocking going on i think you are buying weakness. >> speaking of the chips we have got a cramer alert the madman him, james cramer is here he just spoke with the ceo of nvidia hi jim, thank you for joining us. >> thank you for having me on. exciting day for us here at "mad money." >> the ceo said something interesting about bitcoin. take a listen. >> cryptocurrency will be here, the ability for the world to have a very low frictions low cost way of exchanging value is going to be here for a long time and blockchain is going to be here for a long time and it's going to be a fundamental new form of exciting so i expect blockchain, i expect cryptocurrency to be an important driver for gpus. >> i know jim remembers this because he has a mind like a steel trap our game that we like to play, bitcoin stock or not so the question is, is nvidia a

bitcoin stock or not >> no. >> no? what is it then? >> an ai stock it's -- whoa. okay that, too. it's artificial intelligence, augmented reality, a health care stock, autonomous vehicles definitely, they paused their cars but not their partner's cars it's data center and the data center is growing like mad when you go into a data center it's all nvidia. does it have an ethereum component? absolutely will that component not be as great this quarter as last quarter? absolutely if that's what you are keying on, you are keying on the wrong line. >> how about chips in general. we saw a selloff we are talking about the scare in the autonomous drive space that sparked a lot of the sell tooff this week. is there a buying eun opportunity in the chips >> yes, when it's said and done, i think this tragedy is going to be on the hands of uber. i didn't hear different from

huang. pete knows pete's not bullish enough i talked with intel. we referenced pete -- pete najarian >> i raise my target to 70 because he made me reevaluate. now i'm saying instead of 70 instead of 60. >> next week 70 -- 80 today was one of those days, and today was another day. broadcom is there a worst acting stock there they better do a buy back. there are bad cracks in semiconductor sector broadcom is front and center >> last year the eagles weren't on anybody's radar screen. eagles won the super bowl. now there is a bull's eye on

their back nvidia, a couple years ago, nvidia, this is a graphics chip. now everybody is talking approximate nvidia, are you cool with it trading 32 times forward earnings do they have to do everything exactly right for the stock to go higher. >> they don't have to do anything more exactly right than delabarton i follow you on twitter. i know delabar ton is like the patriots i know what's going on nvidia has come down i'm not saying it's been derisked look i'll sure right now left is listening from citron and he's ready to say this stock is vulnerable you know why? because it is just vulnerable. that could take it down. >> rigorous. >> if it were really good it wouldn't go down, because he said it's vulnerable if it were really good it would go up even though he said it's vulnerable that's the kind of stuff we are dealing with right noumt he is having a great time.

out in california,an joying him. good for him. >> jim, great to see you thank you for joining us have a great long weekend. >> you too, thank you melissa. >> we are looking forward to that interview it is must-see for all of you invested in chips and nvidia the ceo of nvidia, tonight on "mad money" top of the hour. we go to the resident crypto baller on our desk, brian kelly. >> jim nailed it it is not a bitcoin stock. an ethereum stock. different type of chip needed to buy bitcoin ds ethereum. if you are buying it for ethereum, ethereum may go from software mining to hardware behinding. they are planning to do this anymore. so you won't need these chips anymore. be aware >> has nvidia been derisked thi

week. >> be careful, this is a story stock. what we saw this week, even if they have strong stories -- nvidia doesn't have the same fundamental as other companies we mentioned it has a strong fundamental but with that valuation and that tape it is certainly subject to suffering. >> will the traders agree with the fast pitch plus, yousef squalli will be plus, yousef squalli will be here to make his case to buy

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i'm not even going to try to sing this. buy me some peanuts and cracker jack -- it's opening day for baseball eric is live with all the details. >> the game ended a while ago. the mets won they are 1-0 on the season they are looking at this year as another year to continue the growth and momentum thep they have seen reasonable record revenue ares over $10 billion last year. new sponsorship deals. the last two world series were the highest rated in this decade an exclusive new partnership with facebook where they are going to stream 25 regular season dames they will not be on broadcast tv a first of its kind deal for major league baseball. you don't see it in any major league sports lesion subscription models for tickets. they are trying to get the

audience it's like netflix you pay a monthly fee and come to all the games you want to see. you buy a group ticket come, enjoy the lounge, there is no assigned cede seating have all the beer and snacks that you want, there is usb chargers for your phone. i don't know if these innovations are as good as whatever guy is pitching here in a second back to you in the studio. >> innovation by the new york mets according to eric fantastic. >> that's their cutting edge, guy, what can i the you. >> let's go mets nice job today >> are you going to say something disparaging about the mets. >> hope springs eternal opening day. enjoy it while it lasts mets >> the most optimistic time for the team. >> this is a time for being kind >> in perhaps the most literal thing we have done on this show we are going to use opening day as a reason to hear fast pitch, which is where one of of our

traders picks a stock. guy adami. >> i'm going to stroll over to the plasma to the ballpark. aim audio i'm going to pick a stock. it is going to cause consternation. wynn resorts listen i'm not commenting on steve wynn, i have no idea if he is guilty or innocent. frankly, for the sake of this, it doesn't matter. he just sold his stake in the firm wynn seeming to have removed themselves from mr. wynn which might be good might be bad i don't know it is an issue. what is an issue compelling valuation stock trades around 18 times forward earnings 20% eps growth rate. it is a potential takeout play everybody says it is a macau play not so fast. look at mccarron up 4%. the story here is what they are doing in las vegas aside from macau. obviously there has been bad news in the stock frankly in my opinion the story never changed.

wynn is on solid footing jp morgan raised their price target to 205 or so. i think there is a good chance if the tape is benign you are going the see wynn resorts trade up to the levels we saw before this happened. >> mccarron airport stats? that's like going to tj max to look at under armour sales. >> in terms of what we are seeing now, steve wynn, how old was he and was he sooner or later going to step down did that play into what you have got going right now as well. >> if it had happened ten years ago i think it would have been detrimental to the shares and i'm not certain it could have recovered. i think you are at a point this the his trae of the company where mr. wynn was going to leave at some point anyway i can't speak to the integrity of their bench but again i think this company is steadfast enough and is on strong enough footing where mr. wynn being there or not is not a factor anymore. i think you are through the headline risk. he sold his shares at $175 or so

that's your ogey i do think the stock is worth north of $2000 a share. >> should it trade at discount or a premium to lvs? >> in my opinion it should trade at a premium i think las vegas sands last i looked was 20 times forward earnings i think earnings growth is better for wynn. you have more of a las vegas play with wynn in my opinion, it should trade at a premium to lvs. >> time the vote are you buying guy's pitch on wynn bk >> i am. i say buy. it is a win he the reason is what guy said. now that steve wynn is out of there. i think it clears it up a bit. if he stayed around it would have been a problem. >> how about you, tim? >> i am going to sell that one you were mean to my mets. >> what's lg -- let's go mets. >> let's go mets i would rather own lvs

don't insult my mets on opening day. >> you don't care about the mets. >> i don't care about the mets guy you were smooth, delivery was fantastic. your pitch, everything i own this stock i bought it again recently on the selloff. i think it goes higher. >> two buys, one pass. >> i didn't pass, i sold >> you sold it >> yeah, like everybody else is doing in a make your vote. and we will revee results later in the show. >> facebook seeing its best day in two years one analyst says it could soar another 40% from here. heilbe wl here to tell us why we are live at the nasdaq market height is in the new york city's times square do noent go anywhere more "fast money" after this goe more "fast money" after this go . more "fast money" after this goe more "fast money" after this

♪ more "fast money" after this today is a good day to make a plan for your financial goals and your everyday ones too. pnc can help. we'll be with you every step of the way. let's start today. we'll be with you every step of the way. ♪ more "fast money" after this your letting go thing. your sorry not sorry thing. your out with the old in with the new, onto bigger and better thing. more "fast money" after this bu. no satellite. no annual contract. try directv now for $10/mo for 3 months. more for your thing. that's our thing. visit directvnow dot com

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you can get up to 5 lines of talk and text included at no extra cost. so all you pay for is data. see how you could save $400 or more a year. plus, for a limited time, get a $250 prepaid card when you buy any new samsung. xfinity mobile. it's a new kind of network designed to save you money. click, call, or visit an xfinity store today. welcome back to "fast money. facebook shares making a comeback today but the road to redemption still looks bumpy for the social media giant. deirdre bosa has the latest from san francisco. >> especially when more bumps keep turning over. over the last few hours the investment adviser to new york city's pension fund is calling for changes to the board to address the fallout and restore investor confidence. according to a letter from new york city's comptroller to one of facebook's independent directors the pension funds own

facebook shares. while the scrutiny continues and more questions coming up, facebook is working to gain back trust doing things over the last few days like streamlining privacy settings for users shutting do you know third party ad targeting tool on the advertising front and holding an on record call earlier to field questions regarding safety and security they outlined election security ahead of u.s. mid terms such as combatting foreign interference reducing ad transparency and reducing the spread of fake news a big question weighing on the stock and still is and on the rest of tech over the last weeks is regulation. when that could be coming and what it will ultimately look like an exclusive survey by cnbc and reconnect research finds facebook users support regulation of personal data use on social media. that joins other calls for more regulation also in the survey, a majority think the platform will take steps to structure their data

but 84% of respondents users were surveyed and said they are more concerned about security around data now than they were a year ago back to you. >> deirdre bosa in san francisco. facebook did rally with the rest of the market do you think we are going to look back on today brian kelly and say we've seen the low for facebook this past week. for the next year no, i don't think. but for the next three weeks to three months i think yeah i think we had a lot of this wash out. this is haase stocks work. would tonight know what's going on u would, we got a panic, we don't know how to price it possibly it has been washed out. you may get a chance for a trade here. >> pete, i go to you, you are optimistic at earnings season. when facebook reports do you think you will walk out more on theistic about facebook's future or less? or just about a bunch of questions. >> at love questions probably is my guess

i know they have been upping their security they have been talking about it for a long time. would it good in for this time did they address everything the right way? no i think questions there but they are spending money cap exhas been big and they are suitly growing in that area. now they have to prove to us we can trust them. >> our next guest says this might be your best bet to buy facebook right now let's welcome in yousef assauski you said that regulatory action is unlikely. why do you say that? >> stepping back, this is not only facebook's problem. this is an endemic industry problem. facebook being the largest player has the most to lose but ultimately has the most to gain. in europe, gdpr is going to be instituted may 25th of this year i believe is going to be a

blueprint. >> that's their privacy measures over in europe. >> exactly i think that's going to be a blue print for how u.s. regulators are going to going to look to mo or less kind regulate the industry but i think considering the european are a lot more hand on i don't think we are going to go all that much into it. >> when you take what's going on in europe in terms of their regulatory acts what's taking place there in the next month or so and you put that into u.s. business how does that impact earnings in your view? >> interesting i don't think it will affect earnings i think it may impact growth in send ral if you are in advertising the beauty of data, it helps you optimize the last less data the less optimization you can do and les targeting. therefore your return on investment is going to be lower. and other means are more interesting. maybe tv is more interesting i doubt it

when you step back and say all right who has the most to dane the parties who has the first party data facebook by far. >> they have an edge erds no. >> they have a huge edge to your point they also have the balance sheet to support a much stricter regulatory environment where they end up coming out ahead. >> in other words, they have the ball an sheet to spend to come into compliance. >> exactly the assumption is you are going to see 500 to 600 basis point decline in margins, huge, over $1 billion spent on new initiatives. >> do you think that will come down further, margins as they spend more -- when i hear from you that if you put the regulations that are done in europe here in the u.s. done on business. >> to a certain degree shoo that the growth in the industry going to be curtailed and then i hear that facebook is going to have to spend more. those two things are not good. >> true.

but look at consensus. we are looking at going from 45% growth to 35% growth this year you are going to 59% to 69% ebitda margin. if anything, the cfo over the last three years has been consistent promisingon exto be growing faster than what it's delivering inhe is going to stay true to his word which is they are going end up delivering the eps they have guided the street to. >> wasn't the last two weeks -- i brought this up, it's relevant for facebook -- the wakeup call for folks on the centralized platform the parasite that's been taking all their data isn't that the issue. >> i'm not worried about the regulation i'm worried about the secular movement possibly, brian spent a lot of time in crypto land.that's what they think is

happening. >> what happened to yahoo after they told us over a billion people had their data breached what happened to act wi faction when it was 145 million. >> this isn't about a breach this is about being on a platform that allows facebook to get rich, and not them, with their data. >> it is a tight -- it is very hard road to walk. because on the one hand you wand want your advertising to be targeted to you. you want it to be relate you don't want it to be spammed. on the other hand you don't want advertisers to know anything about you. i think the cat is already out of the bag data is the primary and most important thing. i was at shop talk last week where there were 2800 ceos of primarily retail and etale they only talked about data. that was the biggest issue that they had and so i don't think we are going to go back i think this is endemic to the industry and i think all the players need to come clean

facebook again had the wherewithall to do it faster and better than anybody. ultimately they win. you look at the valuation. it's as cheap today as it was when they had the mobile transition issue back in 2012 right after the ipo. i think they win ultimately. >> thank you since the data scandal broke ier this week that is has there been a surge in the bear attitude in the market >> average daily put volume in facebook prior to the controversy was 105,000. contrast today since it has broken. the number is more like 383,000 puts traded a day. we traded over 1.6 million in the last five trading days the question people might be asking is what strikes are people buying? the most open interest in terms of puts in facebook right now is concentrated around $150 level in terms of expiration it's june where most of that is traceyed

that's where people are toget r targeting. that can create some layer of support there. >> a reminder we are off tomorrow "options action" will be next friday at 5:30 p.m. eastern time. >> are you going to be okay. >> a news alert on saysx >> that's right. federal regulators just authorizing spacex to provide broadband satellite services, this just being published a few moments ago on the scc's website saying it's the first approval of a u.s. licensed satellite constellation to provide broadband services using a new generation of low earth orbit satellite technology spacex proposed a satellite system of 425,000 satellites we are getting a response from spacex they say they appreciate the s.e.c.'s thorough review and approval of the constellation

license. this is a big news for elon must have been's companies results of the poll after the break >> announcer: "options action" >> announcer: "options action" is sponsored that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. b that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. show of hands. let's get started. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest opy think or? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scissors. td ameritrade.

♪ today is a good day to make a plan for your financial goals and your everyday ones too. pnc can help. we'll be with you every step of the way. let's start today. you know that recently guy went to las vegas. do you know what he did he listened to a marathon session of toni braxton's unbreak my heart. no one is buying your pitch. time for the final trade pete. >> ibm it's going higher. >> tim >> happy easter. intel.

love that valuation, love the company. stay long. >> i like taiwan semmy and bitcoin, below 7:000 big spinal down on volume. this could be the wash out. >> guy. >> my mission is simple, to make you money i'm here to level the playing feel for all investors there's always a bull market somewhere. and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to teach you and educate you. call me at 1-800-743-cnbc or tweet me @g@jimcramer ho