actually like the tlt here i think longer term yields can come in, the two-year can stay bid here and that's the way this plays out. >> you're not an angry guy in real life. you are perfectly -- >> markets are emotional, people thank you for watching "fast money. "mad money" with jim cramer starts right now. watching "fast money. "mad money" with jim cramer starts right now. >> my mission is simple. to make you money. i'm here to level the playin 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 other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you so call me at 1-800-743-cnb or tweet me @jimcramer. >> you stray, you lose that's the defining feature. if you stray from a small portion of the tech complex, you

are going to be destroyed. s&p ended up 0.07% but the nasdaq advanced 0.32%. there it is again. we spent a huge amount of time speaking about a farrow group of winners. information technology sector up 34.8% led by nvidia the king up 174%, amd up 93% the communication services sector up 32%. this time driven by a handful like meta platforms, alphabet up 40%. third the consumer discretionary group. tesla up 62% for the year. who's who of a cornucopia of companies that benefit from fast semiconductors a small smattering of winners amid a host of losers. in short, this is, indeed, the subat the rainian homesick market because you don't need a weatherman to know which way the

wind blows yes, it is that narrow that's why i want to break out do something different what i want to focus on, not just the winners but the losers. the losers, the raggedy rest to show you what happens when you do stray from tech and what you end up in, more important, explain why so many sectors have become minefields. let's go through the s&p 500 sector by sector energy is the worst performing group down 11%, easy to understand why oil and 2345r8 gas prices obliterated this year. so, of course, the fossil fuel talks have been killed it would be weird if they weren't. devin down 24% they do poorly when interest rates go higher because they tend to be dividend stocks and they look less attractive than bonds. utilities off 9% led by a.s. and dominion, down 18%, worried about the dividend, eversource, another down 19%

normally they're recessionproof but if you invested as so many say you've been crushed in these. health care, ooh, right in the crosshairs of the government, down 7%. the woman's health spin-off led the way. hey, post-covid hangover, cvs, same problem, off 28%, so much diversification of the health care beyond the pilferage drugstore chain. i'm shocked financials are only down 6.5% given that the banks have disastrous, keycorp down 43%, zion's, off 41. this group is so bad you ought to wonder if they can bottom the only financials -- they only reflect the bad, not any good so earnings are clouded by supposedly ab inevitable recession though it never seems

to arrive despite the fed's endless rate hikes real estate off 3.5% big office building owner of boston properties down 28%, alexander real estate off 23% and a host of others jockeying for third. too close to call. it's made more painful because the real estate investment trust has trampolines of high yields with interest rates so high especially on the short end those dividends offer very little protection. this is where you don't need as much office space as they did before covid next we have the consumer staples. they're down 3%. archer daniels midland falling 23%. you think they would bennett in an environment with so much inflation but when you drill down the worst inflation is in housing and wages, everything else cooled in some cases dramatically then estee lauder

hasn't been good lately because they're linked to china. china has been disastrous as the re-opening has gun slower than expected finally there's walgreens down 20% which is frantically trying to imitate versus' decision to go all health care, not just pharmacy, horrendous results to be fair it's not liking the plans, you know, if they can't do any better than cvs, then there's the materials sector, down 2.7%. led by cf industries, a fertilizer stock off 27% followed by the once pristine international flavors and fragrances decimated by bad management causing its stock to fall 25% >> boo >> another fertilizer play mosaic which lost 24% of its value. the first have been stalwarts for the great agricultural boom when russia invaded ukraine, 13% of the world's calories went offline. once the supply chain got sorted out the group collapsed and the

industrials are off 3.5% the worst, the government consultant that many think is a smart defense company down 25% for leidos, next is 3m two giant lawsuits against it causing it to fall 20% 3m's dividends haven't deterred people now, when we look back at the first five months of the year, we can only conclude if you wandered away from the very small part of texts that's a funnel, you underperformed all of this is to say that 2023 is the turbocharged opposite of last year. the market so narrow if it weren't for chatgpt and the recognition of what artificial intelligence could be worth, the averages might be having a terrible year. tech is so strong that it allowed the s&p 500 to rally

9.5% even as not up else is working. in fact, if you looked at an equal weighting of the s&p where the return of every stock has the same contribution to the index's performance you'd have a down year. down 3.5%. it's arguably the best year if you're a tech investor or the worst if you're a concentrated in anything else it's so bad that you have to wonder if this disparity can continue we trimmed some tech this morning for the charitable trust. look at our reasoning by joining us in the investing club the bottom line, we just feel too darned greedy not to take any profits in tech. that said, though, straying from tech might continue to be the kiss of death in the market at least, a cooling in the trillion dollar colossus that is nvidia the undisputed leader of 2023. [ cheers and applause ♪ hallelujah ♪ >> tyler in california, tyler. >> caller: hey, big boo-yah from california how are you doing. >> boo-yah back at you jim. what's going on? >> caller: real quickly i'd like

to give a shoutout to my son landon, daddy loves you. my question is regarding salesforce, going into earnings, how is it looking? >> i think that salesforce has a really bright future because of what's known as einstein which is their predictor that uses a lot of artificial intelligence so i think that even if it isn't good i would like to add the position that we sold if it gets really hit, we have a nice position in the travel trust i still expect good things out for the year let's go to mike in illinois mike >> caller: hey, jim. thanks for taking pmy call. i'm calling in regards to portillo's and your opinion on whether it is worth buying. >> inssure the company is worth investing in, but, two, the shareholders who were part of a private equity, private going public have decimated the stock they've got to stop selling.

they have to that stock could be at 30 if they would just stop selling straying from tech might continue to be the kiss of death. at least we have a cooling in the trillion dollar colossus that's nvidia. undisputed leader of 2023. on "mad. last week while eyes were on nvidia there was another player that wowed wall street don't miss my exclusive with marvel technology to learn more about what is it their pipeline as it is on pace to have its best year since 2001. i've been telling you i think there is a good chance wall street is being too negative where should we go to get a ride on the pross secretary for economic growth? i'm going off the charts on a precious metal not as precious, it's more of an industrial metal and hp reported after the close and with a host of headwinds facing the pc market, how did the company fare this quarter? i'm getting info from the ceo and it's not what you expect stay with cramer

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everybody is still talking about last week's blowout quarter from nvidia. there is another semiconductor company that had a great quarter and saw stocks soared. that's marvel technology which makes chips for ai, cloud computing storage, 5g networks and even the auto industry when it reported management gave bullish guidance saying it is a

$400 million opportunity this year and $800 million opportunity next year. that's based on real orders and real prospects you can understand weimar developl's stock shot up let's check in with matt murphy, president and ceo of marvell technology welcome back to "mad money." >> yeah, jim, hey, thanks for having me back. >> matt, this was a rather astonishing quarter and amazing conference call and i'm going to give you the floor to explain it because there are a lot of people who seem confused you made a couple of acquisitions you may not have thought what could happen did happen. you even gave it a forecast that was much below but things change rapidly and your acquisition turned out to be brilliant tell us about it it really has changed the company dramatically >> sure, thanks, jim great to be on and if you think about it, the story that really got a lot of attention and people excited was our story about ai and if you go back actually in

2019 we did an acquisition of a spinout of global foundries which was prior ibm which got us custom shipped design technology and a team that knew how to do large-scale asix in 2020 we airkwooed infi with excellent technology for optical interconnect with r for data centers as well as clusters and infrastructure so these have been years in the making and always knew ai was an important application, that was one of many exciting things we were working on but i would say since december with the release of chatgpt from openai, everything changed, and so really the big reveal and the big discussion in our call last week was that we quantified the amount of revenue that marvell was getting from ai and the numbers are pretty big

they're much bigger than people thought, about $200 million last year we said it was going to at least double and at least double again next year and i think that insight that we provided to investors was quite helpful and encouraging and probably better than people thought. >> well, what kind of compound annual growth rate is that >> well, if you take 2023 to 2025, calendar '22 to '24, that would 100% compounded growth rate, back to calendar '21, the revenue was like sub-50 million so would be a higher growth rate actually off of '21 so it's growing quite nicely, and quite frankly there's a lot of upside potential to this because things are moving so fast, especially since january, february as the ai momentum has taken off and we see cloud capex spending moving

more from ai from traditional cloud infrastructure and have 20 make room in the budget and content is significantly larger in these ai systems versus traditional cloud infrastructure, both are great opportunities but ai can be bigger. >> how much of that is because the current is really 95% cpu, 5% graph cal and it's going to flip entirely which uses a huge amount more of space basically of what you need >> yeah, that dynamic is finally getting under stood. in tra dagsal cloud infrastructure, cpus and traditional processors were the main form of compute with accelerated computing being a smaller portion and i said my prepared remarks last week on thursday that that was basically inverting, okay, the 180-degree shift and so the bulk of the opportunity now in ai systems is accelerated computing with the standard processors being more

for control, that creates a big opportunity for marvell on our custom side but drives tremendous amount of computing power which then requires high-speed networking technology and connectivity technology done in the optical dough pain where we shine on the networking side but also emerging in the custom compute side. >> i don't mean to slight this but there is inch troughing and going higher but your outgoing chairman rick hill, who is a friend of mine and my family's, did either he or you ever think that in the last four months this true bonanza could be upon you? >> well, i think -- yeah, thanks for mentioning rick. he is our chairman of the board. he helped recruit me into the company seven years ago. he's going to be retiring, by the way, jim, i think you and i have talked about that at the june meeting what a career for rick a true industry legend and tying it back to the opportunity in

front of us, quite frankly, rick has always been an optimist and he is a technologist by nature and has been lockstep with me and the management team on everything we've been doing, so while maybe the magnitude of the change has happened, rick is a visionary so none of this is surprising but maybe just the speed at which it's happening, but, you know, he's been there shoulder to shoulder with the management team really having our back since day one and so we helped built this company, you know, to address what we call the data infrastructure opportunity seven years ago we started and look where it ended up, jim. >> are they going to spend are these companies going to spend, the big companies we need to spend, are they going to turn it on? ma marvell will get a lot of it >> you can see that from our friends over at nvidia which had

an absolute blow-out guide for next quarter we see the capex plans shifting meaningfully inside these companies as they prepare their own plans, talking about the large cloud companies that we do business with and so we're adjusting our plans as well, because as ai scales, right, we have significant content in those systems and so now it's really a great opportunity sitting in front of us and, quite frankly, the demand shift, i said in the call last week, the backlog forecast and revenue outlook even for this year has gone up meaningfully in the last three months and i think even on a daily basis we're seeing just a tremendous amount of activity here both on the current business, jim, but also on the design pipeline and opportunities we're addressing, it's not just a one-cycle thing but a multiyear opportunity for us and a scarce few companies in the chip industry department. >> i want to congratulate you

and, of course, rick, your outgoing chairman has done an amazing job, matt murphy, president and ceo of marvell thanks for coming on "mad money." >> yeah, thanks, jim >> you heard what he just said, look, it's breakthrough. let's leave it at that "mad money" is back after the break. >> announcer: coming up, is copper a showstopper cramer goes off the charts on a metal that's heating the kettle next

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recession. we're worried about china too. especially now that they have this terrifying new wave of covid. the communist party seems reluctant to lock everything down again low single digits, hard to believe but true, wall street is too negative from here let me tell you why. first actually i don't want you to take it from me let's go to the charts let's go to the charts with the help of carly garner, a brilliant technician the author of "higher probability" and someone i believe in three weeks ago she told us to focus on the fact that we have a weaker dollar. sure enough, wow, we are up nicely since then even in the last few weeks, say, full of some big picture misery so now let's talk about the most important bellwether for economic growth. i want to talk about copper. this is the metal you need for new construction which is what makes it such a good barometer

for the economy. futures have pulled back to $3 $3.66. garner is not discouraged. if anything she thinks the same themes that allow copper to work earlier this year before the collapse should let it keep running. we still have a weaker dollar and volatility which is good for commodity prices this is important. i think a lot of people don't pay attention to copper. that's a mistake take a look at the weekly chart. although it's complicated, all right, garner points out that copper has been in an overall up trend since early 2020 once we started getting over the covid crash. copper tested the lower end of the trading range in the summer and fall of last year and now it's happening again based on both the line and 200-week moving average she thinks copper has a floor of support around $3.60 right there. we're at it. down a few cents from where it

is actually. for her the floor represents the difference between a bull market in copper and bear market in copper that said if we get a temporary breakdown below the key level but only copper bounces back and puts in a weaker close above $3.60 she would still say bullish. i would like to say it's at the full crum level if it can't move above the 50-day moving average, that's right here, if it can't hold above this she says her thesis is wrong even maybe 3 bucks would be terrible that said she sees that as a buying opportunity in large part because of the relative strength index. see, that's the rsi, that's an important momentum indicator down right here. it stands at 40. which is not quite an oversell reading but definitely on the cooler side which tells garner the bulk of the selling copper might already be behind us see if it weren't it would be all the way up here. how about the shorter term daily

chart for the july copper futures. even here garner sees signs that copper is due for a rebound. based on the july contract the floor of support comes near $3.55, all right, right here down 5 cents from the floor and weekly chart copper is trading below its 200-day moving average and she thinks it could be a breach and if it can pivot near 3.70 then vault other the 200-day moving average the result could be enough to overwhelm the bears. at the same time the relative strength in the index has tumbled all the way down to 30 and before rebounding is now trending higher so bottom there and then going up a little bit according to garner we saw similar action in the rsi in the middle 6 last year right before we got a big rally more important, check out this weekly chart of the copper futures with the cftc commitment of traders report data at the

bottom that shows the net future position of various groups of investors, garner likes to watch the large speculators, the green line all the way down here because that represents money. when large speculators crowd in on one side of a trade they tend to be dead wrong any given move needs to convert think adherence or else runs out of fuel. it's important to find new adherence when virtually everybody already agrees with you. right now garner points out large speculators are net short. that's what this shows you right here they are net short, copper by a pretty substantial amount. that isn't necessarily a buy signal but she thinks both limits the potential downside and multiplies the potential upside if things go in the right direction. and, again, we're betting against these people right here. because they're leaning too far one way. next take a look at the seasonal chart of copper. you'll love this how it does at any given point in the year. carter points out copper tends

to found a low in late june, okay, we know that's not that far but the bigger up moves generally tend to come in the fall, still, right now the seasonal pattern is definitely on the side of the bulls why do we even care? again, this has bulls an an important bellwether commodity overtime copper can help you predict where the global economy is heading and that matters to the stock market the closing prices of copper futures and the s&p futures over the last 180 days they tend to close in the same direction, about 60% of the time and the past correlation was strong but we're in a weird moment with the war in ukraine and all central banks desperately raising interest rates to quash inflation, still, take a look at this monthly chart of the s&p 500 futures in green and the copper futures in red. i thought this was really indicative of what could happen here except for the period from 2014 to 2016, copper and the stock market generally move in the right -- same direction. while peaks in copper tend to go

slow to weigh on the stock market, bottoms of copper mainly precede or almost directly coincide with bottoms in the stock market when copper bottoms in the past the s&p 500 follows within three months or less when it found it is floor last year that was three months before the market bottomed in last october before the bottom in 2009 we got a bottom in copper if we're looking for something similar this time as long as it holds beyond 3 bucks it's rare for the s&p to go down while copper prices are hanging in there. of course, lately copper hasn't been doing that hot because china is a huge consumer and buy roughly half of the world's copper but as garner sees it, commodity traders got way too bullish into the china re-opening at this point those speculators have mostly thrown in the towel. by the time they're done selling garner thinks copper can start running again. that's virtually as we saw within about 30 days here's the bottom line, the

chart is interpreted by carly garner and suggests copper could be in much better shape than you think and if it's ready to run that would be a good sign for the global economy and those betting on a worldwide recession. dory in new york dory. >> caller: hi, boo-yah >> boo-yah, dory what's up? >> caller: i'm watching your show almost every day. >> thank you. >> caller: a question about the stock with mue >> okay. you know, let me take it from here here's the problem this is the best of the best steel company but if we're going into a recession no one will want to own the stock even though you and i both know it is a terrific stock so what happens and we own some of these for our charitable trust, you can't jump in ahead you have to wait it doesn't look like it has -- looks like it's come down big from its top because it has been much higher. but the fact is, even though it

was at 182 and now 133, it could go lower i would wait until it goes lower to do buying how about randy in pennsylvania. randy. >> caller: jim, boo-yah. >> boo-yah what's up? >> caller: jim, my late father and i watch your show all the time >> thank you >> caller: fly, eagles, fly, sports talk here every tuesday it is the greatest day of my life, sports talk and now speaking to you. >> oh, you're way too kind it takes my breath away. i mean, you know, we got a lot of soul searching. what am i still doing and the answer is i'm doing it for you that's what's happening. gold is problematic. you would think it would be going up given the fact we're supposed to be in such an inflationary role. that's what you buy as a hedge but the fact is no one knows what to do with gold these days. and we're not sure whether there's inflation, deflation which is remarkable so people are abandoning it. i don't, 10% in my portfolio should still be in gold.

i have not changed since we started the show and thank you for the kind words they are really sensational especially after a three-day weekend. charts interpreted by garner suggest copper could be getting ready for a big run and good sign for them to seemingly be the beleaguered economy. hp, as i said at the top of the show, if you stray from tech in the market you lose so is there room for hp? we'll talk to the ceo then today nvidia became the first trillion dollar semiconductor company what is the secret sauce that led to one of my favorite stocks and i will detail what is happening and "the lightning round" so stay with cramer

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all right, what do we make of these numbers from hp here's a stock that's been on a roll up 15%. wall street figures we're close to working through that post-covid pc glut, right? now, tonight hp reported a mixed quarter. mostly better than feared. while their sales came in a tad light they posted a 4 cent earnings beat off 76-cent basis. excellent cash flow which we care about same time management gave solid guidance and raised the full year forecast. let's take a closer look with enrique lores to learn more about hp welcome back to "mad money." >> thank you, jim. great to be here with you. >> great to see you, sir enrique, maybe i'm taking a

liberty, i think it's time to call a bottom in the pc cycle. >> well, i think we said we were going to do during the first half reduce significantly inventory and because of that and because we expect to see normality from a demand perspective we think the second half is going to be significantly stronger than the first half and that we are going to see growth second half so about the pc business now -- >> i want people to understand that's a big call, enrique you are saying the secondhalf will be very strong. most people do not think that. most people think it's just going to be okay products, is it, share take? what is driving your view that hp's second half will be so good >> well, it's a market adjustment that we think will happen if you look at the first half results they weren't impacted by the reduction of restaurant.

we in the industry have been driving it that inventory reduction is almost completed so the impact on the second quarter will not be there and at the same time in the second half because of back to school, because of the holiday season, especially consumer demand will be stronger and when we can combine both led us believe the second half will be stronger than the first half. >> let's go a step further is it possible, i'm an hp user, do i get a new one or not a new one? ai, artificial intelligence, maybe a new chip, maybe relationship with microsoft. maybe my pc can do different things, anything that could drive a whole new cycle. >> i would say all of the things that you described we think ai is going to be a great helper to the big pc business it's going to help us redefine what a pc is, the experiences our customers will be able to get will be much different and we are working with all the key

vendors, with the key silicon providers to redesign architecture of pc so we will be able to process locally all the ai applications that today are done in the cloud. it will help, jim, if i give you an example design a new spreadsheet, when you were an analyst you had to spend a lot of hours doing that work. >> right. >> well, you will be able to do in the future, you will be able as your pc give me the analysis that i need to get and the pc will create this spreadsheet for you andonce the work is done you will be able to dial up with your pc and ask for further interpretation, further analyses, which is going to be critical this work will be done both in the cloud but if you have your private information, your confidential information, you're going to do that locally you don't want to upload that information to the cloud for that you will need an ai enabled pc which is what we're

building with our key partners >> well, i would think that you both need a new cpu, perhaps from amd, and the change in the way microsoft configures its programs, because current cpu and current microsoft will not let us do that >> you're exactly right. both are the things -- both of these things is what you need to change and this is the work we are doing with microsoft, with amd, with qualcomm and many other silicon providers because we think that it is really an opportunity to create a new category of pcs that will drive significant refresh in the category >> there are people who spend hours going over spreadsheets, e excel spreadsheets that you make sound like it could be done in minutes. >> this is one application we're working on there are many other applications with a similar impact will happen that is really going to help to create -- to bring new energy to

the category. >> i mean, let's say i want to get a reservation in a restaurant, can i talk to my pc and it can book it >> eventually it will also happen i have been in this industry for many, many year, jim, and i have never seen an opportunity like this to really drive innovation and drive new type of customer needs that we really think are going to be fundamental. >> something obvious, do i have to wait around for a couple years or will it happen soon. >> this is going to start happening in 2024 so a few quarters from now and this will just be the beginning of a very big change that is going to continue for many, many years. >> in the meantime, i expect that you guys are ahead of the game, perhaps you're even taking some share from others >> well, we have been gaining share during the last two quarters, especially in categories where we think there is marginal opportunity because our goal is not to grow share by the sake of growing share, it's all about profitable growth and,

for example, this quarter, we regained a number one position in the commercial pc market which as you know is more profitable than consumer and we really are pleased with the progress we have made. >> well, i got to tell you, when i hear all this about ai, i practically wonder when can the consumer benefit it always seems business to business, it's obvious that is completely wrong, my view is wrong, the consumer is going to benefit very, very soon. thank you for explaining that to us because it's a very big thing, enrique always so happy to see you on the show >> very good to see you, jim, thank you and i hope you are excited about the opportunities we see that they'll continue to drive the company forward. >> you make me excited too and that's enrique lores, president and ceo of hp. think about the future it's huge. "mad money" is back after this >> announcer: coming up, cramer takes your calls and the sky is the limit.

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>> announcer: "lightning round" is sponsored by td ameritrade. ♪ it is time it's time for "the lightning round. play this sound. [ buzzer ] >> then "the lightning round" is over time for "the lightning round. alex in california alex >> caller: dr. cramer, boo-yah to you from los angeles. >> nice. what's up? >> caller: jim, i'm thinking of spending a couple hundreds on a

bowling alley considered discretionary spending a potential recession coming up later this year or next year are you still recommending bolero >> the stock, candidly i did not see the issues coming. there were management issues but i didn't think business on a weather basis got bad in california it would hurt sales so much. rather dramatic. i'd like them to come on the show and answer the questions that way let's go to andrew in california andrew >> caller: hey, jim. what are your thoughts on cortana. >> i'd play it safe. >> jim in north carolina. >> caller: i have a core holding that's been a complete disaster. it's probably hitting new lows as we speak. what can you tell me about bristol-myers? >> boy, people have given up on

the drug stocks. they really have and bristol is part of that complex i am not going to give up on bristol-myers because things are never so rosey you can't have a drug tock in your portfolio and that's a darned good one i need to go to troy in north carolina troy >> caller: boo-yah, jim. >> boo-yah >> caller: thanks for taking my call. >> of course. >> caller: wanted to get insight into a company, telus. >> not the yield income, i like t-mobile i think that t-mobile has by far the best growth and that's what i like when it comes to investing in technology. t-mobile is my fave. wow, it's nice off the high too. let's go to john in new jersey john >> good evening, mr. cramer. the money tamer, boo-yah, how are you? >> money tamer i like that. tell my wife about that tonight. she needs -- well, yeah, absolutely -- well, we'll talk

gen generically. >> i purchased verizon in august of 2022 and spent $250,000 what's going on? >> the growth isn't there. people are worried about the dividend, i'm not as worried about the dividend i don't see the great growth it's coming from t-mobile. let's go to aaron in llinois aaron. >> caller: hi, jim the show, i just want to know about ticker aos. >> when you start to talk about just plain vanilla heating, ventilation, thermostats, boilers, that is a terrific kind of play but i'm telling you, i see that now and raise it with carrier where i really like the acquisition they're doing in europe now steve in pennsylvania. steve. >> caller: hey, jim, greetings from pennsylvania. >> oh, my gosh >> caller: your old stomping grounds. >> old rival of springfield high school montgomery county how can i help. >> caller: we used to beat you like a drum. >> that's totally untrue

we crushed you that's never happened. i'm sorry, go ahead. >> caller: you made me a lot of money in the health care insurers what is going on with centene. >> it's being killed by the government but also mr. nidor passed away who ran it so well and it's hard to judge it without him. that's the way i look at it. gene in ohio. >> caller: professor cramer, this is gene from dublin, ohio, home of the memorial golf tournament >> also wendy's tour >> this is the hot server company everybody likes and i won't recommend that there are people who say how can you not get on board i can't get on board that one. it's too hot john in new york john >> caller: hello >> what's up

>> caller: what's going on >> you tell me. >> caller: from long island, new york i just have a question with banks and rising interest rates, what do you think about upstart -- >> upstart is a short squeeze plain and simple it's not doing that well it's like carvana, doesn't matter, wayfair and they're rallying and that, ladies and gentlemen, is the conclusion of the lightning lightning. >> announcer: "the lightning round" is sponsored by td ameritrade there's plenty of wisdom to be had from a modern day da vinci cramer's listening next >> announcer: tomorrow, kick off the trading day with "squawk on the street" live from post 9 at the nyse >> i have to tell you, you're not worried about social

security. >> no. i'm not. are you on social security yet [ laughter ] >> no. >> announcer: it all starts at 9:00 a.m. eastern. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠.

my dream is to talk about real stocks and started a club to do it >> exclusive offer ends soon remember, either you're running for food or you're running from becoming food and oftentimes you can't tell which. either way, run!

that's what the most important person in technology had to say at his commencement address at national taiwan university this weekend. as is usual for the man who turned nvidia into the first trillion dollar semiconductor company it was all about humility and talked about nvidia's brushes with doom and bad bets and 3-d graphics and mobile phones quickly abandoned. his takeaway you cannot be afraid to fail and told 12k3wr5ds to run, not walk, but also be prepared to stumble. he's optimistic about what is ahead. a ten-year cycle that optimism is back by real orders and real revenue with a forecast 50% more than wall street was looking for in the next quarter alone. that is just staggering. the biggest forecast i have ever heard and i have heard a lot of them in my time. while the skeptics might say their valuation is ridiculous we know companies from a host of advertising, internet, gaming, among others all want his superexpensive h-100 graphics and they want them now

these cards are like gold if you need fast computing power to handle generative ai, it will make many businesses more efficient and invent trillions of dollars in new industries that we can't dream of now jensen is adamant they will create more jobs than it destroy, this is about investing and it doesn't matter either way. i voiced skepticism about the business given that so few of the executives i met at the summit in santa barbara are actually using its highest end products that seem more fearful than excited fearful the competitors will have it and they won't nvidia's cards are what ai to run efficiency, same goes for cloud infrastructure, nobody comes close. that may not sound super exciting to you because these products when bundled for strength can cost hundreds of thousands for the enterprise, not for you. not for the consumer they're not meant to be exciting like using amazon to buy things or google to search or grabbing

the next iphone from apple very few could afford one of their highest cards and what would you do with it this 2345ib8s things behind the scenes that's why it's so hard for people to accept it could be this big if you're a consumer this company is invisible to the naked eye to the extent regular people interact with it it's consumers buying graphics but the potential for growth is much smaller than the enterprise business i feel fortunate because i've liked them for ages and owned it for the charitable trust and renamed my dog for it and i saw it before anyone else cared about it the characters and i've seen them create my doppelganger and talked to them courtesy of jensen himself i call him da vinci because he is a revolutionary and a renaissance man. jensen is not about winning but being a good person. about staying humble

hmm, maybe that's why so many investors don't seem to know about nvidia they're just not promotional enough jensen is running, but being prepared to stumble just like the rest of us i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer see you tomorrow "last call" starts now hi, i'm brian sullivan tonight risk of extinction, hundreds of top tech minds sound a new alarm on ai. is an investing frenzy worth the risk not on target, the retailer losing 12 billion in value in the last few weeks, now another major store may be in the crosshairs can american business really ditch china? it may not be as daunting a challenge as you think china's kyle bass is here to lay it out. could opec have a surprise up its sleeve? a nightmare on the high seas look at that brutal waves