carter happy and hopefully it makes me happier tesla, final trade >> all right thank you so much for watching "fast money. we'll see you back here tomorrow at 5:00. don't go anywhere. "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 other people want to make friends, i'm trying to make a little money my job isn't just to entertain, it's to earn you money for the first time we're in a fast slowdown within a titanic boom it's such a riddle wrapped

inside a mystery in an enigma. the dow dipped 135 points, s&p declined 165 points. it felt much worse than that right now the data is so contradictory. we can't tell either way but this power will get resolved over time. unfortunately for some ill-advised reason we might not have time. there are only two weeks before the next fed meeting and as far as i can tell, there are plenty of fed heads who believe they need to keep raising interest rates rather than take their time to assist a situation they don't want to wait. they want to tip us into a definitive recession i think their deal is reckless we don't have all the facts. maybe the fed needs to tighten more but would it kill them to wait another month or two? prudence is called for now, not recklessness you don't take action. we know there are a bunch of inflation hawks. including the president of the

cleveland fed. she's incredibly influential susan collins, president of boston fed michelle bowman, kansas fed who is a voter they've commented residential rates are too high in remarks of reuters, neel kashkari, smart guy, quote, if i had to err, i would err on being a little bit too aggressive in terms of bringing inflation down nine days later president james bullard said we need not one but two more rate hikes. i greatly respect these people i see where they're coming from. housing prices are relentlessly going higher as are rents. we still have far more jobs than potential workers. according to the jobs, openings and labor turnover survey we got today. i expect unemployment to hover around 50 year lows. friday morning, 8:30 if you look at wage data, housing data, the economy is

booming. the fed clearly needs to slow things down. you would think money grows on sequoias american airlines raised its rate but outside of those areas, everything else has gotten soft. everything to the point where i'm thinking maybe the strength in housing and wages should be tempted by the data from everything else. i'm not saying inflakes hawks are wrong, i hope they don't agree with philly fed patrick harper who admitted the economy is resilient, maybe they should skip in meeting hikes. in other words, maybe not do the hike in the next meeting in june i think so much of the data is so darn weak that you could believe we might be on the verge of recession right now let me give you how i think things check out here so you know exactlywhat i'm talking about. first, commodity prices, they have been ridiculous how bad

plummeting totally in sync with the recession. oil and natural gas keep getting crushed. it signifies a severe slowdown copper is awful, too second, we're beginning to see a total breakdown of the retail with truly discouraging earnings and the retail stocks charts are so severely damaged you can't ignore the weakness. memo to fed, please, please make some calls to big brick and mortar retailers you will know exactly what i mean if you do that homework third, today we have a dreadful quarter. it's a consistently strong company. it's now signaling a vast slowdown in the auto business which had been a beacon. the stock lost 35% of its value. i can't find any justification for the huge shortfall and hideous forecast as well as an astonishing 60 -- i'm sorry, 83% dividend other than a severe slowdown in auto sales

they have been previously peaking at strength. we'd be nuts to ignore what they had to say today fourth, we know terrible food inflation has been with us for ages they're listening to the ceo of costco they hear this quote, inflation continues to abate somewhat. you go back a year ago to the fourth quarter 2022. last summer we had estimated at that time year over year inflation was up 8% and by q1 and q2 it was down 6 to 7% and then 5 to 6% in this quarter we're estimating the year over year inflation to be in the 3 to 4 range, 3 to 4%. that smells like panic to me if you cut it the that trajectory is so positive costco is the best gauge they offer the best prices and anyone can join. they are the arbiter of tens of millions of americans. fifth are the banks.

we had a mini crisis, very few aggressive regional outfits, very bad it rocked the financial system and it's still being felt as banks that i talked to have to cut back on lending and are taking less risk there's a loan pipeline that was going full tilt to last april. banks don't want to make mistakes they get them crushed by the banking industry you may not be able to see it happen but if you talk to bank ceos and loan officers, as i hope the fed does, you know the tenor is much more restrictive and negative then there's the border issues like china china's economy slowed so vastly they could be undergoing a severe contraction they call it a contraction because it's china china's not a free market economy. it's a command economy are these rolling firings in tech and finance they're quiet. we have the letters by alphabet.

chain saw zuckerberg fired a quarter. the layoffs are happening and they can do it very quickly if we just wait four or five weeks for things to play out again, the cadence is quickening things are getting worse they're getting worse faster which is why it makes sense for the fed to pause a little bit. we're making sense i am seeing the same thing play out at the major banks dismal, worse than 2009. zuckerberg cut back from where he hired in the pandemic so many other firms have done that look out below we have a major housing shortage the feds want homes built now and prices lower now you can't do that. while there's no fixing supply side any time soon, i think we get less demand for housing the moment biden's freeze on the student loan repayments goes away at the same time, mortgages are priced off long-term interest rates and the fed's latest hikes have done nothing, nothing at

all to take loan rates higher so why the heck bother? now we've got the fed's monthly summary at 2 p.m. today. known as the beige book. it showed prices rising moderately over the reporting period there was a rate of increase slowed it starts going down, not rate increase down. given this body of evidence, is it really worth it to raise interest rates in order to cool down housing when recent rate hikes haven't done a thing to make mortgages more expensive? does it make sense for the fed to spur more layoffs when the layoff wave is already going here's the bottom line i think both of these fears need to be tempered by time because right now we don't know what the fed's winning or losing so why not wait beats the heck out of me matt in north carolina matt >> caller: boo-yah, matt first time caller, long time follower i have a question about devon

energy 400 shares should i hold, sell, or buy more >> i don't like oil. we have a couple we have under weighted for oil in the travel trust. sometimes i wish i had none. i think oil goes lower it's what i know michael in rhode island. michael. >> caller: hey, jim. my son has a question for you >> sure. put him on >> caller: hello, mr. cramer i was wondering as a beginner investor if united airlines would be a good stock to buy because it's under valued and a lot of people travel in the summer >> you know what, i like your logic. would it be my first choice, no? who am i to discourage this young lad who is doing the exact right thing and thinking about what are the fundamentals? i like that. get started small and then we build. how about jerry in missouri. jerry? >> caller: jim, thanks for taking my call >> of course. >> caller: this technology/energy company got hammered after missing expectations last week it was up almost 8%

with a lot of the other nasdaq leaders. do you think that in phase energy is going to losen up? >> i think it's too low. i understand they missed the quarter. a lot of people feel they're a finance company, not an energy company. i think they're a bit of both. i think it's time to buy enphase energy, small, but i would buy it joseph in washington joseph >> caller: hi, jim thanks for taking my call. >> of course, joseph. >> caller: macy's been having a tough start to the year. the approaching a 5% dividend yield and closing tomorrow at these levels do you think macy's is sumply derisked. >> great question. here's the answer. i can say yes and that stock can go down another 50 cents no bid for any retailer, no bid meaning no one is trying to buy them do i think it's inexpensive? that's the best answer i can do. that may not be enough right now we don't know if we're

winning or losing, if the fed has it right or long doesn't it make sense to pause wouldn't that be the prudent thing, not the reckless thing? why not wait "mad money" tonight, last month we profiled a company like fortress energy. tonight straight to the source. then the a.i. wave up nearly 10%. i'm finding out what the company's pipeline is. salesforce had a secret a.i. ticker was it a needle mover? why don't we talk to marc benioff before we take action so stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc

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last month we profiled a very exciting company called new fortress energy. this is an incredibly fascinating story. i've never seen anything like new fortress they help mostly developing countries build infrastructure think of liquefied gas, gas-fed power plants they make money for years and years in the back owned end thr long-term growth supply. it's pulled back from 30 to under 26 mostly because of broad-based weakness in the energy sector. it's not levered to that

new fortress had a terrific quarter. i say you're getting a good entry point. let's talk to the founder and ceo of new fortress energy i am delighted to see you on "mad money." >> thank you for having me i'm really happy to be here. >> you created something you created private equity, everything, you've done so well. this is the most exciting things i've come across you're revolutionizing the way people get energy. i'll give you the floor. >> yeah. people talk a lot about renewable energy, the broader topic in my view is a lack of access to electricity. the example i use is people in jamaica use about 10% as much as we do. people in kenya use about 10% as much as jamaicans. the average person there uses what they use in a year to what we use in three days that's what the foundation of the company was.

>> puerto rican belt, it's weeks. no one else has been able to do that. >> it's the overnight sensation. we built the inbe frastructure there. if another need comes up, you can respond quickly. we went c.o.d. on the first one yesterday. unbelievable short period of time. >> congrats. >> thank you. >> i want be to emphasize something i usually don't talk about. you are about the power of positive energy, and i want that because you're thinking that case here, and hydrogen. he's just a carbon guy, no, cleaner to the cleanest. >> no, it's a transition natural gas better than distillate fuels, hydrogen better than natural gas. there's a flower for every season we have a big hydrogen project that wewill spin off to

shareholders we've talked about that publicly we think there's tremendous potential. the real power is going to be driven by natural gas. that's the transition appeal. >> i want people to understand when you go through the documents, which you should, there are very easy explanations you are making a lot of money. if anything, you are -- terminal earnings have increased substantially. this thing is a huge money maker even though i would have expected it would be a government project. >> we started about nine years ago. a long time development company. we're in the transition company from developing things and operating and the cash flows are there. we've invested $5.7 billion in infrastructure we think we'll make an ebitda about $2 billion it's about a 30% return on the investment it sounds like a big number but we cut out the middleman. >> you're letting people in. this is a public company people can buy into it. >> yes. >> ter rifk. one you can't buy into but i

want to is the bright line we can't believe what you're accomplishing. you're doing from l.a. to vegas. is this just a dream come true for you? is. >> it is we've invested in freight trains for a long time. ten years ago i read the "last train to paradise" about henry flagler. i love passenger trains. we think there's a huge need for them so let's build one. long story short, we have. >> you're not a guy that loses a lot of money these are all done with the idea you're going to come out whole, do better, do better for your investors. >> the get rich slow it takes you a long time to build it, you have to get up to speed. we think they're going to be highly profitable. similar train systems from london to paris, from rome to milan. too long to drive, too short to drive. very profitable. takes a while to build them. we're down in florida.

>> your ambitions are big here altamura to mexico they don't have enough. >> we did a deal with the government down there, really constructive see the president down there tomorrow actually. he's been a terrific partner of ours we've done good things like any good partnership. we've done good things for them, they've been helpful to us we think there's a lot more up side to do with mexico and their natural resources and what they need on the energy side. it's a good marriage. >> another great country ireland. shannon, you're going to be able to do that, too? >> we are. we got notice today the application we made is not going to have a judicial review. we're in the last stage. we won a 400 megawatt power auction there. the story in ireland is data centers. it will need incremental data center demand. ireland is probably the best place in the world to do that and they lack power. we think a lot of our power

developing there will service chatgpt, open a.i. it's the open infrastructure. >> the arc of your life, merrill lynch, oregon state, do well, private equity, but this is your legacy, isn't it this is what you want to change? >> it is i said all along, building infrastructure is what i view as my legacy. it's what i want to do the train business is going to be tremendous. infrastructure, bringing energy. >> i'm glad you came on the show i will say it. i said i wouldn't before you are the musk of transportation and we need you the world needs you. >> thank you. >> thank you so much >> appreciate it. >> really appreciate it. >> "mad money" is back after the break. >> announcer: coming up, does this stock have the right materials for success? cramer chips away with a semiconductor stallwart next

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this is a market where only tech has been able to work consistently, including almost anything semiconductor led you need their machines to manufacture virtually every chip in the world applied materials has rallied 37% to date. it is up 87% from the close last fall even though the industry isn't doing all that well, wall street has been able to work through the issues and they have a booming future amat, as we call it, is in the middle of everything can the stock keep running let's talk to gary dickerson, president and ceo of applied materials. welcome back to "mad money." >> wonderful to be here. great to see you. >> there's 150 pound piece of silicon right now in a place and

i'm going to let you tell people what that is that's the biggest thing that's happened to american technology in years. >> semiconductors are the engine that is fueling the data for the biggest transformation of our life lifetime a.i., the foundation of that are all of the materials that applied materials provides for the industry so one really quick fact is that in a smartphone your processor has 60 miles of wiring. >> no? >> and 15 billion transistors. 25 materials combined -- yes 25 materials combined 100 different ways one chip with 60 miles of wiring it's really amazing. those innovations come from applied. applied is the largest equipment company in the world the last three quarters were the highest eps nongap in the history of the country we're barrelling forward that piece of silica, we announced a new high velocity

innovation center. jim, we're innovating the way we innovate so exciting. we had all the innovators across the entire ecosystem across this event. >> why do americans think we don't make anything and it's all overseas and it's right here >> i don't know why. if you look at the semiconductor industry, three of the top five equipment companies are in silicon valley the top two electronic design synopsis and cadence are there nvidia in silicon valley you have apple, tesla, google, meta we looked at the technology ecosystem in silicon valley, 30 companies make up about 30% of the s&p 500. there's no place on the planet, it's the innovation capitol of the world and really the companies that collaborate the best

that's going to be the corner stone for this new innovation center in silicon valley >> wow. >> that's a game changer. >> congratulations. >> really innovating the way we innovate people hear about jen son wong and nvidia, he was there he can't be do what he's doing without you. >> there's no question again, look at that chip i talked about, it takes almost 2,000 process steps to create that chip. the majority of them are from applied materials. 25 materials combined 100 different ways we are the most pervasive in the entire region. for jensen's gpus, not 15 billion, almost 100 billion on a single chip. >> oh, my god. >> much of that technology comes from applied >> do we have enough engineers in this country to help you? >> i think that's another big focus for us with this high velocity innovation center the super power of the united states is our university system.

if you look across the tech ecosystem, most of those leaders, many of those leaders, some from the united states, some from outside the united states but the majority were educated in the united states. so this is our super power that's another big focus on this innovation center, we'll connect not only with the entire ecosystem and our customers, we will accelerate that super power of the university system for the u.s. and create this tremendous pipeline of new talent. >> i know a lot of people are cynical about the government but this chip sack seems like it's a great thing to keep the intellectual property we have in our country and do great things with it. >> no question it is a catalyst so i think there's two things. one is where you build chips so i think having that secure supply chain is important but, jim, even more important is leadership and how to build the chips. >> right right. >> that's what we're doing with epic, the high velocity

innovation center. the so absolutely chips act as a catalyst. >> it's still a stock. this dividend boost that you gave was the same. the buy back -- you've been buying back your stock and rewarding stockholders biggest dividend boost >> 23% we generated over 2 billion in cash flow and we said that we're going to continue buying back stock, but at 23% increase in dividend, as you said, highest ever, we'll continue that over the next four years and double the dividend per share. >> all right that's incredible. now how are orders right now i want to believe that we're not -- look, a lot of people feel it, the cycles are down we're not doing that well. if your orders are good, that means the future is bright >> applied, one of the reasons we've had the record eps the last three quarters is we're the broadest company in the industry the leading edge foundry logic or trailing foundry logic, memory, packaging, applied is

the broadest we have extremely high share in all of those areas our backlog we said is still pretty strong and, again, the company is performing well >> well, what happened to -- what was the chip shortage about? how did that happen? >> well, the chip shortage -- a lot of times for applied materials we were able to build the equipment fast enough for all of the companies in the ecosystem. by the way, the semiconductor industry is going from a half trillion to a trillion by the end of the decade. capital intensity is going up so that means you need more tools from companies like applied materials and our share is also going up but, again, we just weren't able to respond fast enough one of the biggest factors was we couldn't get enough chips. >> you yourself couldn't get enough chips >> we couldn't get enough chips into our supply chain. a lot of that -- we still have some shortages but i would say most of that is resolved at this

point. >> when i look at where we are with a.i., i'm he going to ask you this a lot of people say there's too much hype but you would know whether there's too much hype. you would be able to tell me whether it's as big as people think? >> jim, technology is going to transform every industry you have 7,000 chips in every zbleek how many chips were in a car? >> yeah, very, very few. technology will transform health care, education. we work with system companies in retail with tiny eyes, tiny ears you're going to have a trillion connected devices all around us. every aspect of our life and a.i. really is a way to process all of that information for actionable insight >> okay. >> we're right in the top of the first inning it's going to be bigger and more pervasive than anyone can imagine, jim. >> i'm going to leave it like that because i love that story

we're going to come out and see you in california and we're going to epic because this sounds fantastic i can't thank you enough, gary, for coming on "mad money." it's great to see you. >> great to see you. >> amat. thank you so much. appreciate it. >> thank you. >> announcer: salesforce with the latest what's to come with this enterprise giant find out next. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates

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what do i make of the numbers from salesforce. 68% year to date going into tonight's close. after a rather period, very

rare, under performance, salesforce went all in on efficiency so when tech came back in style this stock caught on fire. in fact, it got so hot when the company poured in great results tonight the stocks sold off in after hours trading. you know this stuff. everyone's betting on a great quarter. salesforce posted 8% earnings beat off 1.61 basis with higher than expected sales, much better than expecting operating marge beginnings doesn't hurt that management gave strong guidance raised several key lines for earnings full year forecast. apparently there was some revenue line and people would like them. wasn't enough. i think that's the curse of high expectations it's what happens to this stock so many times since i first recommended it oh, so many years ago. don't take it from me. let's take a closer look from marc benioff mr. benioff, welcome back to "mad money." >> great to have me. thank you for having me from san

francisco. >> the character to your right back is einstein and how much is einstein doing to be able to solidify your hold on the enterprise software >> well, jim, it's amazing the a.i. revolution is really taking hold here in san francisco, as you know einstein, a platform we actually announced on this show, did about a trillion transactions this week. it's incredible what has happened with einstein i'll tell you the real story that happened at salesforce in addition to a.i. is our transformation we're laser focused on our restructuring, improving productivity, performance, prioritizing a.i. and crm and delivering from shareholders productivity is up, profitability is up. revenue is up. jim, cash flow is dramatically up as you saw the incredible cash flow numbers. also, increasing our margin guidance for the year to our record annual 28% where we couldn't be more excited. >> i'm glad you brought the free cash flow.

4.25 billion it was almost a billion dollars less than that how is that possible >> we are focused on profitability, cash flow, core productivity it's really paying off in these amazing numbers that we're delivering in the results today. you can see the very strong revenue number, jim, but i'm really excited that we've delivered this incredible thousand points over the last year in operating margin i think that is something that our entire team has to be incredibly proud of, that we're raising our fiscal year operating margin guidance to 28. it's an improvement of 5.8 basis points year over year. over 1,000 points we've come up. >> that's incredible some people are saying numbers have contracted. sales show orders are decelerating slowly. i don't see that at all, not at all. i see if anything they could accelerate into, well, your big conference in the fall. >> look, jim, that's going to be

an amazing conference and i hope we'll see you at dreamforce. >> of course. >> i like to call it dreamforce gpt. we're going to reveal our own platform you've seen us at tableau, slack, and next week at connections. each conference we're showing the next level of our a.i. strategy with our a.i. day on june 12th in new york city the big, exciting moment is einstein gpt this is very powerful for our customers. in addition to that, we showed slack gpt. that is a moment where every a.i. company in the valley is already slack first. they use slack to run their companies. i was just with sam altman, the ceo of open a.i., the one app he had open was openslack a.i.

slack will wake up and become intelligent itself it's going to be an incredible revelation for our customers that they have intelligence by their side with slack. >> let's go deeper generative a.i. would mean one day slack would be able to predict pretty much what we want to do and help us go faster. >> well, you look at a company like open a.i. or another amazing startup called enthropic, another one, inflection, another one, all are slack companies. they started with slack. they don't use email they're collaborating, communicat communicating, sharing inside like thousands and thousands of other slack companies. now slack is tightly integrated with salesforce, sales, service, marketing, commerce. our entire crm platform. why that is exciting, jim, is all that data is inside slack enabled by the large language models slack is going to be my assistant, partner, co-pilot

helping me run my company just as salesforce gpt is going to let me be my co-pilot running all customer relations. >> what would north well do with einstein >> most people outside of new york don't know about northwell. more than 20 hospitals more than 800, 900 ambulatory centers, own medical school, flight operations run by an incredible coo >> yes. >> incredible quarter. not only does northwell have to have patient relationship management, a great opportunity to connect with their patients in a whole new way, but a.i. can help them do everything from really provide productivity and the communications with the patients, helping them to segment the database, create landing pages and also, as we've talked about, a more intelligent version of slack. >> i want to go back to that revenue thing because i've got

to nail this down. i see no deceleration this quarter coming i see xl i don't see anything that indicates that other than every day seems to be accelerating versus the previous. >> well, jim, we've given some very strong guidance for the quarter, as you know number one, we've also been talking for the last two quarters it is a more measured buying environment. i saw that with friends on the show all talking about the measured buying environment we've been talking about for a few quarters for some reason, jim, this was true in '01, this was true in '08, we saw it now we saw it before anyone else they pay close attention when we call for a turn around in the tech buying environment where it's moving from a measured environment to an aggressive environment. i can tell you what the catalyst is going to be it's with artificial intelligence i was with a large bank here in

salesforce tower, the ceo was here, how are they going to take our financial services cloud which they had deployed and super charge it with a.i. and our data cloud because crm plus data plus a.i. is the future of every single customer we have. >> i know jensen wong was telling me it's not a job destroyer, it's going to be the greatest job creator in history. do you feel that way >> well, jim, we have evidence of that already. we've been working closely with a lot of our customers one of them i love and i think you know them well is gucci. gucci is an amazing company. the thing that's powerful about gucci, jim, they took our a.i., they applied it in our call center we thought it would be much more productive in handling cases it actually transformed the call center agents into sales agents, marketing agents, it gave them capabilities they did not have

it augmented them. so what 56a.i. did is make them the best sales agent, service agent and the bankers that were here and the largest coo and for his privacy and security i won't tell you who it was. every one of your service agents is a banker and every one of your bankers is a service agent. the power of a.i. is to augment all of these skills with all of these incredible employees. >> as usual, you're ahead of everybody. that makes a ton of sense. congratulations on what was a terrific number and the stock has been a horse anyway. marc benioff, great, marc. great to see you thank you. >> jim, great to see you aloha from san francisco >> "mad money" is back after the break. >> announcer: coming up, what's on your mind, cramerica. give us a call the lightning round is storming the nyse next. next up on last call,

closing in on a debt deal. how will markets react plus, would you vote for jamie dimon for president? a big name wants him to run. >> announcer: "last call" next, cnbc lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you

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you can still play golf... sometimes. take control of your financial future to empower what's next. >> announcer: lightning round is sponsored by t.d. ameritrade it is time it's time for the lightning round. and then the lightning round is over are you ready, skee-daddy. time for the lightning round start with daniel in north carolina daniel >> caller: hey, jimmy. >> yeah, daniel, my brother. what's happening >> caller: hey, not much, man. first time long time like to thank you for all you do the calling about jazz pharmaceutical. >> you know, this is the kind of stock right now that there will be no bottom for and it's a shame because this great growth company i've put on here and

10%, buy more, which is what i do with the travel trust that's what we're telling members of the travel trust. let's go to joseph in north carolina, joseph. >> caller: boo-yah, jim. how are you? >> boo-yah i'm good how are you? >> caller: doing wonderful doing wonderful. love your show i'm loving the a.i. craze that's going on right now. >> all right. >> caller: last week i sold nvidia after hours i made the largest profit i've ever made on a single stock. he had i'd love to stay in the space. what are your thoughts of on semiconductor. >> they're doing wonderful they are lighting the place up i like that call let's go to louis in puerto rico louis. >> caller: boo-yah >> oh, yeah, what's going on. >> caller: long-time listener. listen, i've got a question. this is vaccine play

big pressure right now i just entered with a high price in the stock and i'm down but i want to ask you to sell now and it's novovax. >> no, you have to sell that one, louis i was hoping you would say moderna. i could get my arms around novavax. i don't trust them let's go to mark in wisconsin. mark. >> caller: dr. cramer, i've got a headache >> i have some nurtec. i have some amivig probably too much information. what's going on? >> caller: i'll try 'em all. i've owned be this stock in the energy sector since 2019 they recently announced their first quarter. they lost 100 million. gray

that said they announced a 25 cent dividend. they authorized $150 million buyback and the bollinger bands are tightening up. buy, sell, hold, ticker is glmg. >> i'm going to tell you to sell it go buy new fortress energy, nfe. that's the move for you. i think you'll like it i'm going to josh in minnesota hey, jim. >> caller: boo-yah this is josh from minnesota. i'm a big fan of your work i've been searching for a growth stock and came across tyson food. >> absolutely not. absolutely not one of the worst stocks in the entire s&p 500 the s&p 1,000, 2,000 doesn't matter that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d.

ameritrade. coming up, a.i. is the future and cramer's fate is with nvidia find out how to play the emerging tech next

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next up on "last call" closing in on a debt deal. how will the markets react plus, would you vote for jamie dimon for president? a big name wants him to run. >> announcer: "last call" next on cnbc.

i'm a big believer in artificial intelligence, especially generative a.i. it's a game changer. when it comes to a.i. nobody comes close to nvidia. you need high speed, high powered chips and the fuel is tough and there's the best in the world. as much as i believe in a.i., i don't believe many companies will make all that much money off it the in fact, i'm betting there will only be a handful of winners besides nvidia like nvidia they will be huge, huge winners with hundreds of billions of dollars on the line and great leaps in market capitalization we know microsoft has commanding presence putting $10 billion into chatgpt google has a great partnership with nvidia. a.m. na zon and oracle is

helping their clients use generative a.i mark zuckerberg at meta platforms has decided generative a.i. is huge hey, palo alto yes, cybersecurity they've been using a.i. to stop hackers, optimizing their own standard salesforce uses einstein gpt to make their products more pro duct productive i like what i'm hearing from nvidia maybe activision blizzard, take 2 interactive. i've seen adobe's work with it again, hundreds of billions of dollars to these companies they can and will harness a.i. and generative a.i. and sell products based on it, but that's really about it. the rest, call me skeptical.

they'll have to show you because i'm hearing way too many companies laying claim to a.i. that won't make much money for everybody else, a.i. is to tangential it's own it don't trade it status then there's meta which has gotten totally immersed. i like the implementers, amazon, google, microsoft, and the rest are important beneficiaries. a.i. can't help if their business turns against them. i recognize nvidia had its time which makes buying it appear very daunting but you could have said the same thing about the long-term runs at amazon, microsoft, google, apple, all names we've evened in the travel trust for ages as we moved up i was ridiculed for sticking with over valued stocks at times i didn't think it --

they did get a little hot, but i never lost faith in earning them for the long haul and i'm not going to lose faith in nvidia. will it go up another 100 points probably not even as ceo just issued guidance for the current quarter, there was $4 billion of positive expectations no, it was the biggest ever. like those other big tech winners that we own for the investment club, i think nvidia can be justified if you think out multiple years, not multiple minutes where you will be top ticking the stock cramer liked i'm not saying the whole a.i. group is in hype mode. i'm saying there isn't any group. companies whose prospects are definitely improved by a.i the rest of the ideas, i want you to presume them guilty of hype until proven innocent in the court of investment.

and have faith in nvidia no matter how low it goes in this pullback. nvidia is the winner possibly the only real winner in the space of a.i. and perhaps many phases more i like to say there's always a bull market somewhere and i promise to try to find it for you right here on "mad money." i'm jim cramer see you tomorrow, "last call" starts now hi, i'm brian sullivan tonight aye or nay on a.i. which companies are the real deal versus smoke and mirrors? breaking developments on jamie dimon. we're learning what he said under oath over the bank's ties to jeffrey epstein. the boycott squeeze intensifying over ab in bev. uninsurable california slamming the door on customers but is the state itself to blame? remember, the house, it always wins. nevada casinos stacking the odds

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