it has to be more than zero. no? unfortunate. >> anyway. >> it is unfortunate. but what has been fortunate are these defense stocks, which continue to trade well. rtx, mel. >> thank you for watching "fast money." see you back here tomorrow at 5:00. 5:00 for more "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 make friends. i'm just trying to help you make a little money. my job is not just to entertain but to explain and educate. so call me at 1-800-743-cnbc newsom. tweet me @jimcramer. all last week i told you that rather than selling everything, you should just sit on your

hands because once the pain ends, we're going bounce right back. >> the house of pain! sure enough, the averages worked with the dow gaining 484 points, the s&p jumped 1.6%. nasdaq also climbing 1.6%. i know, it's nowhere making it back. but it shows selling at friday's vortex didn't work as a tactic, did it? if you recall last week a disaster for some of the most economically sensitive tax as well as big tech, i couldn't make sense of it. a sizable division down for july. to me this is a great number if you're hoping for fed rate cuts. we need not too hot, not too cold, and that's exactly what we got. wall street disagreed vehemently, though, with my view. the market reacted as though we were headed for a recession with people buying the slowdown like drug stocks, that kind of thing. the industrials and the semis were really hard hit, especially -- well, i got to

tell you, the industrials mind-numbing. we had caterpillar's ceo on thursday night. geez, i thought he told a perfect story. and yet the stock just got obliterated the next day. i felt like i completely missed something. you buy caterpillar if you think the fed can re-ignite the economy by cutting rates. should it have been a winner friday. of course, we come back from the weekend and it turns out that i wasn't wrong at all. friday was wrong. catch up $4.68 making a fool of those who dumped it on friday. realizing that the fed rate cuts are going to work. that's the explanation. there is a better one. nothing mattered because nothing really happen at all, except for stocks going zigging and zagging. on friday many were busting about the relentless decline in the semiconductors arm oldings. down to 117, and this was after already coming down from 132 at the end of the week. arm seemed spent. it seemed done. then today it shoots back up to 125. it's up 7%.

supposedly because the new iphone is using the latest design for custom processors, something that should have been obvious to everyone for months. was friday's sell-off based on pure emotion and today's rally based on emotion right back? or did nothing happen at all on arm friday or monday? how about this. supermicro, a partner of nvidia fell on friday. still hobbled by a report from hindenburg about the company's aggressive count. but today back. either the climb is meaningless or the rebound is meaningless. we don't know. one more day where the session stocks rallied. drug, pharmaceutical wholesalers, medical device stocks along with good and beverages. it seems they have maid parabolic moves, straight up. that's dangerous with a limited shelf life. which brings me to a sobering fact about this tape. we have more noise here, noise so loud that people keep making the wrong moves.

[ buzzer ] [ buzzer ] [ buzzer ] what should be happening? we know how the market behaves historical when the fed is about to start cutting interest rates. we've seen it over and over and over again. i built a whole playbook around it on my old hedge fund. right now the fed switched to easing. we're almost certain to get a rate cut at next week's fed meeting. so what happened on friday? i'll tell you what happened. the market made a mistake. at this point in the business cycle with the rate cuts tantalizingly close you were supposed to sell the food stocks, the drug stocks, the big gains in coca-cola and colgate should be over. it's why we trimmed some procter & gamble for the charitable trust. by the way that's something we're going talk thursday the investing club at noon. i wish you would sign up so you can hear it. proctor is the wrong stock when we go to a rate cut cycle. you need to keep the industrials that are more secular like caterpillar or eaton, the latter of which announced a home electric charging deal with

tesla. like cat, eaton was up huge. more importantly, when the fed cuts rates, you're supposed to buy the ones hostage to the underline lying companies, nucor has done a great job of cutting costs. if they can stop the decline in steel prices by having it so that that there is more economic activity, it goes back up. this stock is going to be a huge winner. i know it's hard to buy smokestacks in the slowdown. but you got anticipate that that's the playbook. the only real question, do you sell the consumer goods play so you can take the money and swap into cyclicals? and should you go for the deepest cyclicals, the ones that will soar like cleveland cliffs, a less efficient steel maker than nucor. they get less and less attractive as the fed cuts s rates. very easy to make these. people want to make it. they want to do it. you can't. you'd be anticipating the action

of too many market players. i'm not willing -- i don't want you to go in on the deep. we believe in diversification on the show. but rate cuts are coming. everything else is noise, including what happened friday. apple introduced a new phone and nobody seemed to care. it's one of the product launches lost on wall street. wall street doesn't care about better battery life or being able to take a picture of a restaurant. it doesn't care about ai functionality. the street just wants to know the roll-out schedule so they can make the earnings models. but main street wants everything apple is offering. and you know the wireless carriers will push the new iphone 16 which brings me back to sitting on your hands. most of the big moves are products of algorithms that spit out strategies that worked before. they can create a ton of volatility. focus on buying ditches in high quality stocks like apple which i could have told you own, don't

trade. you need to judge whether to buy apple's stock tomorrow morning. right? when the negative wall street analysts clash with the rabid desire of apple users to buy the new iteration. that's substantive, i'm hoping for you that apple opens down. the bottom line, apple's anemic nine cent value was the only move that are dictated by moves wrong by themselves. so rather than freaking out during friday's sell-off, or just celebrating today -- hallelujah! >> the angst and friction that comes with endless buying and sells. >> buy, buy, buy, sell, sell, sell. >> buy, buy, buy, sell, sell, sell! >> how about kyle in new jersey? >> my best friend jim cramer. how are you doing? >> i didn't know we were that close. i'll take it. what's happening? >> very close, man. listen, i am like, i'm a

handyman. and you're like the smartest guy that i know. you're a harvard grad. and david tepper is a really smart dude too. >> tepper? they didn't have that good a game yesterday, but that's not his fault because he is not suiting up. he should not be blamed. >>. >> caller: he should have bought somebody else instead of the panthers. they have a ufo.5 million market cap. they just became profitable. what am i missing here on lyft? >> it got overheated. it's a real true duopoly, nothing can go wrong. but i'm with you. i think lyft should be bought because it is inexpensive on the numbers. and you know what? you are my best friend, and i totally forgot my best man michael headley, he is out. he can go to vegas for all i care. let's go to tony in florida. tony? >> caller: hey, jim, i want to let you know i'm a member of your club seasons day one, and i really enjoy you and jeff. but i got to give a big boo-yah

to your staff. they're so friendly, and they make you feel at home when you call in. >> they are absolutely great. and i've got to tell you, thank you for saying that, because i don't credit them enough. our viewers know who to credit. thank you very much. our new meeting thursday with jeff talking about our new initiation. how can i help you? >> i do have some cash set aside for that because i always listen. but this stock last week was down with the market but went up lot. i don't have any cyber, and it's a should i buy a small of it and hold it, palo alto. >> if it weren't up 8 today, i would say yes. i don't want you to come in on possible quicksand as people may say you know what? that move yesterday wasn't for real because people are doubting every single move. you wait. that's what you. do you wait. and thank you for the kind comments. on days like we had today, you want to avoid sid selling what shouldn't and don't buy what you

shouldn't either. sit on your hands. on "mad money" tonight, are some chip companies actually a bargain at these levels? i'm taking a look at what's behind the semi sell-off and give you my take. and a read where the deflation trade is heading. and later, i'm checking in with the ceo of medtronic as he breaks down how ai is shaping the future of health care, and it's making the money. so stay with cramer. >> don't miss a second of "mad money." follow @jimcramer on x. tweet mad mention. send jim an email at madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something? head to madmoney.cnbc.com. at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. because when your people work better,

everything works better. so, let's get to work. idris elba works here? mm-hmm. ya, he's super nice.

let's say you're deep in a show or a game or the game. idris elba works here? on a train, at home, at work. okay, maybe not at work. point is at xfinity. we're constantly engineering new ways

to get the entertainment you love to you faster and easier than ever. that's what i do. is that love island? all right. i got something to say about this mini semiconductor bear market. for the last couple of months,

wall street learned to love to hate the chip stocks. [ booing ] down almost 22% from its highs since july 11th. that's a key semiconductor etf. many individual names have come down even harder from their highs. intel off a staggering 63%. micron down 43%. amd doan almost 40%. some simply because the chip stocks got overheated. while the smh may be down from the highs, still up 25% year to date, comfortably outperforming. you've got these pervasive worries about ai spent. for the past few months we heard that the company is spending fortunes on ai infrastructure and aren't seeing enough of a return yet, and they might start dialing back their investment at some point. the bears will point nvidia's failure to report a spectacular quarter, they're having trouble

producing at scale. that's totally reasonable. but they basically solved the problem now. supply problem, not a demand problem. demand is off the charts. we're heading into a recession, which could hit all kinds of tech hardware and trickle down to the semis. but the fed is about to cut interest rates next week. an easing psych legal bolster the economy. >> buy, buy, buy! >> a good report from oracle. a lot of the good news came in concert with data centers for ai. hey, not bad. in the end, i think the chip stocks have sold off way too hard. every reason we had to like this group earlier this year remains intact. the ai spending boom is real. there is a ton of money spent to build out the infrastructure, as we heard from oracle this evening. more important, there is more to chips than ai. for the past couple of quarters, we've been exiting a period of oversupply in the semiconductor market, and we're now finally seeing some excellent sales growth. yes, we're past the point of

equilibrium. we're going up. the semis had their fourth straight months of sequential sales growth in july. do you really want to ban this group just as we're coming out of a supply glut? you should do it when you're going into one. i don't want to go away from this group, which is why i want to give you a shot of semiconductor stocks put on sale that i really like. i really love to pound the tapele on nvidia, but too many summer soldiers and sunshine patriots, thank you, thomas payne, who need to wave the white flag before the stock can really bottom. i heard today call it no-man's land. i like that. you can find bigger discounts than nvidia among the other chip makers. first, there is amd. on again, off again charitable trust holding. we'll be talking about it thursday at the monthly meeting. and it's now one, because we started buying some when it sold off in july. and the action began to slide in march. it is now close to 40% from its highs. it's the third worst pullback of any chip maker in the s&p 500.

stocks down 26% just from the lower high on july 10th. and even after rebounding a few bucks today, did you know that amd, it's red for the year? down for the year. maybe we came in a little too early for the charitable trust, but we've added the position on the way down because it's not like the fundamental story has changed, and that's what we do. while nvidia is currently unrivalled in the red hot ai infrastructure space, amd a second place, there is nobody in third. and they're the only company on earth that stands a chance of catching up in the not too distant future, although everyone is pretty understanding the lead that nvidia has. amd has been rolling out their own high-end chips. demands driven. when amd unveiled the mi-300 last december, it projected $2 billion in sales for 2024. in late january, they raised the product sales to 3.5 billion. late april $4 billion. july $4.5 million. what does the quarter want?

better chan expected guidance. the stock jumped 4% on the news. i thought that was rite. but that was right before the carry trade exploded and the whole market got obliterated. people just forgot that great quarter ever happened. and amd gets no respect for smart deals they announced over the summer, pick up zt systems bolstering their cloud and ai software exposure, giving them a large number of engineers. amd is number two in ai because nvidia is a well developed software ecosystem. but these deals will help them close the gap. that's what they need to do. finally, you hear about how intel's core business is falling apart, be you never hear anyone falling apart this is fantastic for amd, their closest competitor in the cpu business. they're taking tons of market share in desktops and servers. amd is expected to earn growing to $7.20 in 2026. in a few months, 2026 will be next year, at which the stock will be selling for 20 times

next year's earnings? i believe in the ceo and i believe amd is a great buy. that puts it below a market multiple. thats wrong to me. start with mu, micron, the market leader in memory chips. with the stock down nearly 50% from its high, mid-june highs. i'm sorry, i'm pressing the bull button. building all the data centers to power artificial intelligence. and the data centers need tons of memory. that's true. mi micron's bread and butter. the harsh sell-off seems insane given that their growth has grown. issuing much better than expected guidance for the current quarter. now we're going get these results later this month. but i haven't seen anything that makes me believe that they'll be any worse than the numbers we got in june. that would be unlikely. micron is down 2025 fiscal year where it's expected to $9.59. with the number growing to

nearly $13 in the following year. in other words, micron is trading at less than seven times next year's projected earnings and that means people don't believe. that's how it gets to 7. i understand that. i think the estimates are okay. finally, do not forget about arn arnholding, the doubles that came public a year ago. that's despite pulling back from 188 in you recally july to 125 today. arm got a nice boost today on now confirmed reports that chip designs are being used in the iphone 16. that's the processors built on their architecture. that is not a shocker. but some people don't understand that. arm is unique in that its designs semiconductor architecture, then licenses it out to chip makers and collects royalties on their sales. this gives them a nice predictable revenue stream. their technology is firmly entrenched in mobile devices, even nvidia's top ai platforms, they'll be big winners from a new smartphone upgrade cycle

fueled by the ai functionality. there is a reason apple went with the architecture. they dominate the mobile space. i would be a buyer into the recent weakness because i think the upside is enormous and i don't mind that it's up much today. it's find to fall back in love with the semiconductors. with some of the most beaten down chip stocks, certainly. they've been punished enough. and now you're finally getting a chance at discounts to buy amd, micron, and arm holdings. "mad money" is back after the break. coming up, don't be stuck with the market's mood swings. get ahead of the pack with off the charts, next.

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♪ i love days like today, but there is no denying this market has severe mood swings. last week was terrible for no particular reason. now today is great, even though nothing has really changed. sometimes we get caught in this cycle where we try to find a fundamental explanation for the action. the action's got nothing to do with the fundamentals. it's about positioning. it's about market mechanics. that's why tonight we're going off the charts with the help of charlie garner, the co-founder of di carli trading, the offer of higher probability commodity trading in order to show you what's going on underneath the surface. occasionally the market gets

overcrowded. it can happen on the long or the short side. right now carly thinks the longs have gotten overcrowded and the shorts have gotten overcrowded. when a trade gets overcrowded, that's a sign it's about to run its course, and the trend is about to change directly, at least temporarily. remember charting, we try to figure out what happens, big moves before they happen. that's why this is a great teaching lesson. garner believes the s&p 500 is reaching a climax of euphoria. the bulls have piled into the s&p futures while the short sellers have done the same. as a result, there is a 75% negative correlation between the statement and ag futures. that's because you buy stocks if you believe the fed is beating inflation but sell on commodities for the same reason. last week they finally found a bid. garner believes last week people decided to take the other side

stock from swaps into grain. if the stock market goes back into sell-off mode, easy to see happening then garner thinks it could trigger a short squeeze in the grain complex. yes, she thinks they're that interrelated. look at the s&p futures in grain and corn futures in yellow going back to 2022. when inflation was rampant, we had a huge commodities boorjs okay. these charts are actually pretty amazing. corn futures a commodities boom because inflation means the prices are headed higher and investigators want a piece of the action. at the same time money flowed out of the markets worried about the fed raising interest rates to stamp on inflation, cooling the economy in the process. so you're seeing this and this. that's where i'm talk about going up and going down. but by the end of last year, the inflation trade turned into a deflation trade. people sold commodities and they bought stocks. that's been good for the stock market, but garner believes the big trades only exhaust themselves and reverse.

it's what happened to the inflation trade, and she is betting keel see the same thing with the deflation trades. so let's start with the e mini s&p 500 futures. take a look this week at the charts to see if the commitment of traders data there are different versions of it. normally we look at the simple legacy version of the commitment of traders report. breaks investors down into small speculators, large speculators and personal hedge runners. this time a financial version that looks down large spectators into different categories, the dealers and intermediaries, asset managers are institutions or other reportables. what we about is the asset manager category, the green line right here. lately when it comes to the s&p futures, asset managers have racked up net long positions of nearly a million contracts. that's this green right here. historically, when money managers have gotten this bullish in the past, the s&p

tends to get hit with a sizable correction. it doesn't always derail the market, but let's say you're going get hurt. the last time they got this bullishness, we got the financial crisis, the 2018 pullback and the covid crash and the 2021 meltdown. boy, that's great times. and that's got garner wondering if last month's beatdown was enough or if the s&p is still cruising for a bruising. you know what? she is betting on the latter. i want to note in 2018, 2021 we sold off because of worries about rate hikes. but the fed about to give us a rate cut for heaven's sake next week. maybe managers are right to be bullish? either way, the market will have more upside if we have more bears. that's how it works. now about the green side of the deflation trade. check out the weekly chart of corn, which has been both the typical commitments of traders data along with the more granular version that breaks down large spectators into different categories. that's one at the very bottom. the blue line shows managed money. okay, this is important. it's managed money.

it's kind of -- well, i'm going ask you to bear with me. this is the blue line. i don't know if you can tell. it shows that the lows net shorts of 340,000 futures contracts. this is the largest bears position garner has ever witnessed by the managed money category in the expanded commitment traders report. zero precedent. when people get this bear issuing a commodity, these are all going down. notice? when they get this bearish about a commodity, it usually means the trend has exhausted itself. so where does see the two sides of the deflation trade headed in the future? now here you go. let's start with the monthly chart of the s&p futures. i know, bear with me on this. garner is a big believer in the idea that the s&p will pull forward for many years by government zstimulus. as we go back to normal monetary and fiscal policy, assuming that's where we're headed, she thinks they'll have to normalize

which will put 4,250 and 4,750, which by the way is down maybe a thousand points right now. i'm not on board with that. the fed squeeze is taking us out of the system when it started tightening 2022, and now it's about to start cutting rates. however, garner points out that the rsi, the relative strength index, which is down here an important momentum cater has been making lower highs while the s&p 500 keeps making higher highs. as sees it, it's an example of trend exhaustion. if we get a monthly close below 5500, well, look out below. i don't think we'll head back to normalized price range, down roughly a thousand points. but september tends to be horrific. i wouldn't be surprised if the market is a bad month that would make sense. how about the monthly chart of corn prices? the deflation trade comes to an end, then garner expects a short squeeze in corn. not just a rally, a short squeeze. remember, she identified that

one a while ago. trading at corn $3.40. the low a few weeks ago was $3.60. she wouldn't be surprised if corn has already bottomed. it tested the key trend line, and the trend line held. plus, massively oversold, boy is that oversold that means corn is due for a bounce. so here is the bottom line. the charts by charlie, the long side of the trade has gotten overcrowded in the s&p 500 and the shorts have gotten overcrowded in corn. i don't think it's the end of the world, but it's tough for the market to rally consistently when we've got too many bulls. so don't get used to days like today. let's take some calls. why don't we go to mike in south dakota. mike? >> caller: hey, there jim. >> mike. >> caller: first of all, a big go birds boo-yah. >> absolutely. we need a little production from that defensive line. but i agree. >> caller: we got some cleaning up to do. hey, first time, very long time. i question it simple, it is worth hanging on to halliburton?

i got in about 38. i was hoping to head to 48. it's closer to 28. >> i'm going say only on a valuation basis. it could bounce to 31, 32. but i think the oil business is going to be under pressure if trump wins, and going to be under pressure if harris wins. i don't know what to say. i don't have a positive scenario for the group. i'm quite sorry. maybe a little bit of a bounce, but then you got to go. let's go to joe in new jersey. joe? >> hello, mr. cramer. thank you for taking my call and for all so teaching me the fundamentals of investing like being diversified. >> oh, thank you. we got to get everybody to stay in the game. that's what diversification is about. not about making a ton of money, but to keep you in until we get better times. how can i help? >> caller: i'm considering buying barrick gold because of the rising prices for the precious metal. what should i do? >> like eagle more frankly. they have a dividend and have

had a better record than gold, go-o-l-d g-o-l-d, the barrick kind. it's not 6 1/2 or a dozen of other. they have a better growth portfolio and a better capital allocations. the charts of carley garner, it has gotten overcrowded, the s&p 500. the shorts in corn, wow, is that thing about to fly. i don't think it's the sign of the end of the world. just a sign the trade about to run its course. much more on "mad money." including a interview with medtronic. i'm seeing what's on the rise for the ceo. and i decided to put generative ai bots to the testing. don't miss the results. and how i score some of the newest tech. it is a hoot. plus the "lightning round." so stay with cramer.

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♪ what do we do with the stock of medtronic, the heavy hitter in the medical device space thou that the stock has gotten real lift? medtronic is a fantastic way to play the health care utilization bull market. they make surgery and diabetes. when these guys reported, it was right near the end of august, they delivered an incredible quarter. and since then we've seen a rotation to health care. medtronic stocks rallied more than 6%. earlier today we got a chance to speak with geoff martha on their 75 anniversary. take a look. >> jeff, first, congratulations on 75 years. not many companies have been able to do it. but your company has also pivoted. it's kind of a new medtronic. what do you think? >> first of all, great to be here. thanks for wearing the medtronic

blue. 75 years, it's really exciting. but what's more exciting is the next 75 years. to your point, in some ways we've pivoted, in some ways we're not. we're still the mission-driven company we've always been, working with physicians, putting patients first. but from a tech perspective, we've definitely evolved. and i'd say even lately pivoted a lot of robotics and data and ai, really defining our innovation, really exciting. >> it's curious because when i saw you at jp morgan at the beginning of the year, the number of approvals since i saw you, the way you've gone about exceeding everything that you told me in january shows me that you are leading a company that deserves a higher multiple and is certainly much more of a growth company than previous. >> right. the last seven quarters in a row, mid single digit growth. and i think we've got more in the tank here, because it's all coming from innovation that we've launched in the last

couple of months. and we're creating new standards of care even. it's not just a product. it's a new standard of care. like for example hypertension. our simplicity technology, what they call renal is a procedure to bring down yblood pressure. it's a new standard of care for people with hypertension around the world. >> let's talk about that. where are you in terms of reimbursement? >> right. >> a lot of people feel, listen, the drugs work, but people don't take the drugs. so i'm sure that the fda says wait a second, we've got see whether the glp-1s do something good against blood pressure. do you think there is a lot of resistance that to what you want to do technologically? >> no. we're not fighting anybody here, to your point. the patients are looking for something different. the pharma industry, these are generic drugs. this isn't something they're really focused on.

physicians are look fargo new solution. the fda worked with us to get this breakthrough designation. and have been a great partner. and now we're working with different insurance companies and cms. and they see the potential here for patients. and i believe they want to do the right thing and we're working with them on that reimbursement. the payments have been set for largely, and now we're working on the coverage. okay, who gets covered. and we need broad coverage because only one in four people in this country have their hypertension under control. so this is a massive opportunity for us. >> all right. let's talk about something that i was kind of shocked at that you did. team up with abbott labs. come on. you're a sports fan. two teams colluding. >> well, i wouldn't call it collusion here. i am a very competitive person, and people were surprised that medtronic and abbott did this. but this is one of the rare cases, jim, where it's a win, win, win. it's a win for abbott, a win for medtronic and a win for patients because they get choice now. for our ecosystem of technology,

for insulin-dependent patients, largely type 1 patients, they'll have the choose between abbott's continuous glucose sensor and medtronics that goes into like i said this ecosystem of an insulin delivery device and ai-driven algorithms that help keep people's blood sugars under control. so abbott gets access to our type 1 patients. we get access to their patients that are graduating or evolving into, you know, our therapy. >> good for both. now let me ask about glp-1s. you're the first one ever admit any impact although it's bari bariatric, which i totally understand. a the same time there is a diabetes competition from it. can you tell me where you stand right now on how bad or good the glp-1s are for your company? >> it really hasn't had a big impact on the company. >> okay. >> now, and i don't see it in the future where. it's impacting us right now is bariatric surgery. we do bariatric surgery for

obese patients. and these glp-1s are helping them. but the docs will tell on me that the glp-1s are really getting patients less obese and will get them into our patient pathway for surgery. not all, but some. >> right. >> we'll see. but the rest of the company hasn't impacted. for example, our diabetes products, it hasn't. >> we're type 1 where your pancreas isn't working right. and glp-1s don't help that. >> let me go back to ai. i need your help. i'm a big believer in ai and whatever it means for tech. people have turned on ai that i say the consumer doesn't care about it. it hasn't shown the results a lot of people think. where are you in ai? >> we're really bullish on it. for our products for patients, we're not talking about generative ai. we're talking about deep learning models regulated by the fda. like gi genus for colonoscopies. that's our ai driven technology for colonoscopies.

to give you one example, we use 13 million colonoscopy videos to train the ai algorithm. >> in other words, give to it the chip so to speak. go ahead. >> the training algorithm to find these polyps. and what we found is that physicians are missing up to 50% of the polyps. >> how much? >> up to 50%, 5-0. 5-0 in the real world. and as the day goes on, their eyes gets tired. it's a lot of colonoscopies, and the ai doesn't get tired. this, as you know, these polyps have a high correlation, causation for cancer. it's easily preventible. that's one example of how powerful it is. we wove that ai algorithm right into the existing physician workflow. so they don't have to do anything incremental, anything more. it's quickly becoming the standard of care. >> what practice is it not used? >> it's quickly becoming the standard of care in this country and around the world. not just here, but i was just in india a couple of months ago. they've adopted it because they don't have the same level of

trained physicians. this democratizes. >> right. >> good health care. >> do you think it's possible that all together could be more than a billion dollars? >> not just that one area. >> all ai? >> oh, easily, easily. >> really? this is why it's so upsetting to me that people don't believe in it. look, you're a med tech company and you're telling me it's meaningful. >> very much. just think of surgery alone today. your surgery is dictated by what's in the surgeon's mind and what he or she can do with their hands, the dexterity. between robotics and ai, we're complimenting both. and again, democratizing good surgery around this country and around the world. the combination of ai and robotics. >> i don't want the overlook cardiac ablation. core medtronic just keeps advancing technologically versus others. >> right. ablation for afib is a big one. a lot of people saw afib as the

population gets older, and us and others in the industry are pioneering a new technology called paws fill ablation that is very safe for afib patients and it's taking over and quickly becoming a new standard of care. >> the baby boomers are faced more than i ever thought. >> if you live a certain lifestyle and live it long enough, you're going get afib. >> let's hope it doesn't happen to too many people. this is geoff martha, medtronic chairman and ceo. and again, congratulations to 75 years. >> thank you, jim. >> "mad money" is back after the break. coming up, hit us with your best shot. an electrifying fast-fire "lightning round" is next.

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♪ it is time! it's time for the "lightning round." saying the stocks, buy, buy, buy, sell, sell, sell, and reply, [ buzzer ] and then the "lightning round" is over, are you ready, skee-daddy? it's time for the "lightning round." let's start with roger in california. roger? >> caller: hey, jim. what do you think of the stock aes, regardless of the outcome of the election? >> okay. i think it's good at 4% yield. i'm surprised it is this low. it's very inexpensive. let's go for it. i want to go to jim in florida. jim? >> caller: jimmy chill, a big naples pelican marsh boo-yah to you. >> lucky you. let's go to work. what's up? >> caller: i want to thank you and your staff for all the years of help. >> thank you. >> caller: my question is on a wind and solar company which

i've added to my position several times. it has an unusually high dividend, over 14%. and the earnings per share on different sites are different than everyone. cnbc has 1:64. yahoo has $1.54. raymond james $1.15. buy, sell or hold? >> just on that disparity, i think i've got do more work. i'm looking at our chief scientist and research director ben soto. i don't get this. i've got find out what's the truth and then we'll come back with a more considered opinion. why don't we go to giff in california. >> boo-yah from san diego. >> oh, man, you're a lucky person. what's up? >> caller: i'm interested in -- vertiv. >> the time to tell has come and gone, okay? come and gone. let's go to jerry in missouri. jerry? >> caller: hey, jim, thanks for taking my call.

>> of course. >> caller: hertz has a new ceo and two new board members, but no other news or catalysts. should i hold? >> the time to go and hertz says not. it's still ahead of us. how about that? that stock really does have me very concerned. big lots -- oh, a big concern. and that, ladies and gentlemen, is the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is sponsored by charles schwab. coming up, have a chat. cramer test drives the big ai offerings, and his experience may surprise you. next.

(office chatter) is it me...or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? can ai help your people work... without all the workarounds? feel better. make customer service work the way customers expect? that one. make your old tech work with your new tech? thank you. and todd here is wondering, can ai do all that... now? no pressure. it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier,

and todd... well... he's practically euphoric. practically. because when your people work better, everything works better. so what are you waiting for? let's get to work. idris elba works here? mm-hmm. ya, he's super nice. nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a second opinion. nate likes what he sees... and he places the trade...

talk about easier investing. ♪ when i saw the announcement

friday night, the palantir, dell, and erie indemnity will be joining the s&p 500 late last friday, all i want to know is who got kicked out the make room? i went into anthropics, microsoft's copilot, chatgpt, both free and paid, and then meta ai. find out. why not? let's give this the runaround. it was a runaround. talk about a hallucination. this is the timothy leary turn on, tune in and drop out version of research. i can't believe ow varied and how wrong -- [ buzzer ] -- the answers were. before i get into this, let me give you the caveat that these free regenerative ai are not reliable. they booted american airlines, itsy and biolab last week. it should have been available to any services that had news. i had to back into this exercise after reluctantly going to google news search which i knew

would send me to sites that didn't belong in my think queue, old or odd ones. first enough, the top reference the view from the week, which only talked about american airlines exiting and didn't like the other two. going brought up a second article from fortune, but they were alumina which were booted back on june 24th. so much for google search. but how about google's gemini? hmm. a strange answer. more of a stupor than a hallucination. add owen and t-mobile, but made no -- hard to be so wrong. we told gemini they gave the wrong answer. it came back immediately and said you are absolutely right. i apologize for the oversight. here are the correct s&p 500 changes announced on friday, september 6th, 2024. companies added t-mobile and west pharmaceutical. companies removed, mccormick and company. these were effective monday, september 9, 2024. i will be more diligent and

verify my information in the future. thank you for catching my mistake. again, completely and utterly wrong. gemini promised to be more diligent verifying its information in the future. so we fed it the readily accessible facts of the situation. it then repeated what we said, apologized and thanking me for my patience. gemini wasn't alone in botching it. claude from anthropic said the company's most move in the s&p 500 were spirit aerosystems, dish network and first solar as part of a period review. now we corrected claude. we corrected straight awide and acknowledged the information was incorrect. it was abject, telling us we're absolutely right and appreciated the time to ensure claude has the right information. claude said, quote, it will make me a better assistant going forward. so glad we could help train claude. then we checked out perplexy. a lot of young people tell me this is where to go. and i'm hearing great things. but it quoted me, of all people,

in a piece from that month saying you shouldn't buy these stocks because they will most likely underperform. while i was indeed flattered, i would have felt better if perplexy had given me the right answer. meta gave the wrong answers too, but at least they were from june. we made that clear. it did apologize profusely and give us the right answer. it promised to check going forward and simply admit if it didn't know the right answer instead of giving the information. i learned that in third grate. microsoft assets copilot got it wrong with half comerica and illumina. thanked for pointing out the right answer. it was happy that we pointed out the right answer. it said it would be more accurate in the future. it was very polite. it was really mannered. and kind of showed humility. then we went to chatgpt which is owned in part by microsoft, but it's the brainchild of openai. its free version said the s&p 500 had no updates since september of 2021.

[ buzzer ] but we then went to chatgpt 4, the paid version, $20 a month? and guess what? it had the correct answers. american airlines, itsy and bio -- >> hallelujah! >> maybe it's very similar. you get what you pay for. i like to say there is always a bull market somewhere. i promise to try to find it for you right here on "mad money." i'm jim cramer, see you tomorrow! sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ and i'm the founder and head camper of camp no counselors. camp no counselors is an all-inclusive sleepaway camp for grown-ups... dodgeball! ...where adults get to play like kids again, competing in activities like dodgeball, three-legged races, zip-lining, and we even have a giant slip n slide. [ people cheering ] i wasn't always a head camper. my first job was in finance

in new york city working in a cubicle.