shellacked. it's probably $20 lower, around $500. >> "fast money" fans ava and matthew are watching and eating chipotle as we speak about chipotle, because they texted me and said it. gdx. >> all right, thank you for watching. see you test. 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. coming to you from san francisco. i'm just trying to make you some money. my job is not just to entertain, but to educate, teach you. so call me, tweet me. how did we get to this biz

dichotomy and tech stocks? take today where the dow jones industrial average gains 228 points. s&p, 1.3%, but the nasdaq dropped a bomb. fell .52%. how could there be such a skiz m in because there's not enough money coming in from the sidelines to these big institutions that have to swap out one group. yet, this action has nothing to do with the final numbers. it's about pure market mechanics. when stocks are already red hot, it's hard to attract new capital from the sidelines especially when you can get a cozy return. so either tech wins or everything else wins but there's not enough cash for both to win at the same time. winners and losers. not big winners and small as you would expect on an up day like today. this is all against the backdrop of the big question. what will the fed cut on

wednesday. you know me. i try to refrain of this game of guessing the fed's next move. last week when "the wall street journal" indicated maybe 50, cyclicals related to housing. last week, there was just enough good news to prepare the market. we had major gains if tech because the founder of oracle reported earnings last monday and said his company has 162 data centers. needed another one or 2,000. then nvidia spoke as part of the fire side chat talking about how hard it is to allocate his best chips. the next day at an oracle analyst meeting, larry elseson again, which he described as him and musk begging e gegenson for gpus. you might think this would continue to resonate in today's session.

the big winners were the cyclical stocks including housing. also performers in the banks and a good return for the consumer. something that's not supposed to happen when the fed's cutting rates but all of tech saved oracle again from last week. ibm and intel, amazon after the close. stagnated or fell flat on their faces. which leads me to this newfound find between tech and non tech. it's a big reason i'm out here in silicon valley this week. today, we saw a market that doesn't believe in ai or tech in general for that matter. it's a market that believes a 50-basis point rate cut will shift money from semiconductors to housing and anything housing related. people want to get ahead of that. the healthcare stocks got jig gi. retail outperformed. even oils are rallying. healthcare, consumer products should be selling off but that's not what's happening because it's abt. no, not the symbol for abbott

labs. anything but tech and that's what today's market was about. the implications are pretty stark, people. commentators call this a rotation but that understates w what's happening. the market's action is dictating what we do. for example, we know the beneficiaries of rate cuts namely housing stocks. this was the second day these stocks jumped. that's how lenard hit highs. day one last friday, we had enough money to go around. this week, it could hit all time high levels. but today, day two, it was zero sum. the money poured out of apple from a select few firms for preorders from the iphone were anemic. all you need to know is it caused an e ruls of selling anything related by apple. nvidia came back down after last week's run. the thing is it's not that wall

street's turning against tech. it's just that there's not enough money coming in so if fund managers want to buy something new, they're selling the biggest winners to raise money and the biggest winners are in tech. money's coming out of these stocks like a dam breaking, newfound river and beaten down stocks like whirlpool and ulta. there's nothing wrong with tech. as you will hear later from arm, this is incredible. by the way, i think you're going to hear good things from broadcom. business is booming. micron, which was down awfully today is having a tremendous moment. semiconductors and pc sales are bottoming while high bandwidth chip sales are soaring. don't know if the new iphone is a hit, but early reports, stories are calling the stock to get slammed because money managers need to raise cash to position themselves for the fed meeting. apple shares are being sold to

fund whirlpools and ultas. nvidia, almost all these stocks are just shared donors to the rest of the market. so look, that's descriptive. what happens next? we are in a difficult juncture. traders, not investors, are the ones in the driver seat making the prices you see. as long as we expected only a 25-point basis cut, there was a decent amount of money being allocated by the 50 basis points, that tipped the scales to all sorts of stocks that will get clobbered if the fed doesn't dl deliver on a double rate cut. then we'll have a whole shift back. most of the high profile techs only need a single rate cut so the money should flow back into tech after this initial selloff we're probably going to get when

the fed talks about 25. so what were you supposed to do? i want you to sit on your hands. i don't want you to get in the way of that. without a half point tech, i'd say the non tech part of the stock market will become overvalued. why am i so circumspect about this moment? because nothing's really happening. thanks a lot. bottom line, if we continue get a quarter point cut, all that money that came into non tech hoping for better times, it flows back to where it came from. the tech stocks that got sold today. it's silly. confusing. it's a total impenetrable mess unless you see the before. take it from a veteran. don't try to chase this move. it's not worth it. you will just be frittering away your hard earned cash. let's take calls, nick in california. nick. >> hey, jim. long time.

first time caller. i just had a question about the crypto market. do you think it's a good time to buy the stock coinbase? >> if you think the crypto market is good, don't buy coinbase. go buy the, buy an etf for bitcoin or ethereum. those are direct plays. you don't want an indirect play. jeff in kentucky. jeff. >> hey, jim. i'm a long time member of the investment club and appreciate everything you and jeff do for us. >> thank you very much for saying that. we work pretty hard. jeff's not out here with me. i'll tell him you said that. what's going on. >> one of the investments i have that is outside of the club holdings is lam research. lrcx symbol. it's had a rough couple of months losing about 400 points. it didn't really participate in this tech and chip rebound we've seen over the last couple of weeks. after today, it's about 120

points below its 200-day moving average. >> jeff, i got to tell you. i think lam is dramatically oversold. maybe a 50 down but i think you would have 200 up. i agree. i know the company for a very long time. certainly more than traders were dumping it right. don't try to chase this move out of tech. it's not worth your effort. on mad tonight, my week on the west coast with broadcom after a big bounceback last week, i'm getting a better read on where the stock is in the ai space. then elf beauty reports. get a real opportunity to buy this great beauty company again at a bargain. and later, arm holdings on the heels of its one-year ipo anniversary. so stay with cramer.

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the infrastructure company has been a wild trader the last couple of weeks. their ai revenues came in a bit light versus expectations. so the stock plunged more than 10% the next day. everyone pointed to this as still one more sign that the ai infrastructure story was dead then last week, we got bullish commentary from larry ellison. broadcom finished the week up 22% ends up nicely as people realized how strong the quarter was. let's take a close look with hock tan. welcome back to "mad money." >> thank you, jim. great to be here. >> well, the last time we saw you was before the vmware deal closed. that was monumental and is really starting to work out. maybe you can give us a reintroduction to broadcom. >> sure. while broadcom has been around for, i've been running the ship for over 18 years. started as a semiconductor company. and over the last six years, we

kind of morphed into infrastructure software. and that has gone very well and the recent acquisition of vmware was essentially another step towards the direction of creating a very balanced mix between semiconductors, particularly focusing on enterprises and infrastructure software. again very much for enterprises. let's talk about the vmware acquisition. some were concerned about how it was performing. the execution as always because it's a hock tan company, was superb. but this was a breakout quarter. how come? >> it was a jewel. technology in the products and the engineering team which created the products, the core technology, been around over 20 years. great, great technology and is very, very critical for

infrastructure. especially for large enterprises running applications on their data centers on prim. that's what vmware is all about. what we've done is improve the products, make it much more usable from just being compute virtualization to creating of entire data center on prim in enterprises and basically created the same cloud experience privately on prim. >> you're the only one which is one of the reasons i love the business so much. let's talk about the ever growing ai opportunity. at the beginning of the year, you were talking about ai revenue at 7.5 billion then revised that to 10 billion in march. this time, 11billion in june. now, it looks like 12 billion. how can this be growing so quickly? >> it is because we are in a segment of the market in ai where we are addressing several hyper scalers and this hyper

scalers has very strong incentive ambitious towards build continually investing in large language models to basically create models that are smarter and smarter and eventually imbed into their huge, large subscriber based platform. and they have to keep investing and they are really investing. not just proving it out. one of the things that drives them is they want to create their own accelerators. they call it xpus. we are right in the forefront of enabling this few hyper scalers invest and essentially start building up this large ai clusters of xpus and this is a roadmap over the next three to five years. this is not a one-year phenomenon. it's a journey for these guys.

very urgent journey and a huge opportunity. >> i'm glad you talk about it being a longer term because some of the analysts were dakaubt ca with the idea that maybe it's slowing because they didn't realize that one customer may have asked for a little more customization. it's not a commodity, what you're doing. but the idea it could be slowing seemed to be fanciful. >> far from it, actually. this is a very focused and it's a midterm plan. three to five years i consider midterm, but could be longer. we see that roadmap over the next, for this hyper scalers, over the next three to five years and their intention is to build out these large clusters because what is needed to drive those large language models, those foundation models owned be i this hyper scalers into, you know, into improvements, high

performance. high iq of the models. seriously. over the next five years. is to keep coming out with a new generation. each new generation llm requires multiple of compute each time. so you can imagine that's a driver towards a larger and larger compete opportunity which is going to be taken up largely by xpus. so many people are saying one and done. that's the false narrative. the narrative you just laid out is the one that's going to keep broadcom going. now, i had been concerned about the non ai hardware. wireless revenue. tell me what i guess you could call legacy. in this quarter, you said not only would there be green chutes but you called a bottom. that is serious thing you did. you really believed the so-called legacy is turning? z >> absolutely.

we reached bottom about couple quarters ago. early part of fiscal '24. and we have since seen sequential growth of our revenue from that bottom, which was about our q2 fiscal '24. and what's supporting is our bookings. since that order had been growing 20% year on year. and what we see is a clear upcycle of this semiconductor industry. because as you know, jim, this is an industry that's very cyclical. now the cyclicality had slowed down over the last ten years because growth in semiconductors had slowed down to mid single digits. covid 19 drove up demand for semiconductors because the way we consume technology. the way we remotely change

happened. so there's a big upcycle. '21, '22. which is suffering typical hangover from the upcycle and then late '23 and '24. but i think we have hit a bottom and we are on way to recovery and '25, '26 will be an upcycle for non ai semiconductors. >> so i want to drill down on that. wireless revenue increased just 1% this quarter. storage connectivity sales fell 25. broad band sales fell 49. industrial sales fell 31. you were telling me these are markets that next year could be doing much better. >> absolutely. >> really. >> yes. because we are already seeing, especially service star range tied to networks non ai related. these are largely enterprise demand. we're seeing strong sequential growth from the bottom of q2 this year.

even though it's still expressed year on year decline, but sequentially, it's going up. >> that's what matters. i want to go right back again just to the opportunity you have in ai. people have to realize that the opportunity's so great but you're really focused on the big dogs because that's where the money is. i mean, if it was all in the enterprise, hock tan would go enterprise, connect? >> yes. th this is big dog. sbus for accelerators and networks. these are the guys who are investing in today 100,000 gpu or xpu clusters. in four year's time, they're headed towards a million. >> you're part of the plumbing of every part. >> we are engaged everywhere. >> that's why your stock i think is way too cheap. i have to say full disclosure, my club has a big position in it. why? because you're hock tan and we know what that means. it means you are good for what

you promised, always. >> thaunk you for saying that. >> it's true. that's hock tan, president and ceo. thank you, hock. good to see you. we're back after the break. coming up, this sector has been making investors proud. can this cosmetics player innovate a beautiful solution? stick with cramer.

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what are we supposed to do with the stock of elf beauty? one of my favorite growth stories. a little over a month ago, these guys reported what i thought was an excellent quarter. stock plunged 14% the next day. could this be a buying opportunity? while we're out here in the bay area, we got a chance to check in with the chairman and ceo of elf beauty. welcome back to "mad money." >> thank you so much for having me. >> first, i want people to understand before we delve into the quarter, you are one of only five public companies out of 274 that has grown for 22 straight

quarters. was this quarter equal to the others or better? >> this quarter, we grew net sales 50% and it's not just 22 consecutive quarters net sales growth. it's also 22 consecutive quarters of market share growth so we feel great about our business. >> that's important because a lot of people feel the category has gotten very tough. we've seen basically the collapse where even since i saw you last, we've seen ulta have a hard time. we know kohl's isn't doing that well. >> we've seen softness in the category. it's down 6% right now. but the good news for us is we continue to build market share ooech even with the category down. we grew over 200 basis points a share on top of over 300 basis points last year so we're focused on the long-term share potential. >> let's focus on that. set the score. i would presume then what you're saying is you've taken shelf

space during this period. >> we've definitely grown our share at target. we're now their number one brand for six consecutive quarters with over 20% of their entire category. the reason why that's important is target was our first national retail customer. as others try to catch up, we feel confident that over time, we can be the number one brand. nationally, we're the number two brand just having passed loreal paris. >> is some of that because you've been able to have manufacturers that agree with you and been able to come underneath or did the other guys just raise the price too much? >> well, i think the core of our proposition is taking the best of beauty and making it accessible for every eye, lip, face, and skin need. that's really the key to our success is we can take inspiration from our community, the best products of prestige and introduce them at a fraction of the cost. that's really what people appreciate about elf. >> do i have to worry about a fraction of the cost if either

candidate comes through and they start putting big tariffs on china? >> well, you know, we face 25% tariffs on our china goods since 2019. and the way we mitigated those with a combination of price increases, fx, supplier concession, we'll do the same this time and we continue to diversify our supply chain. so five years ago, 100% of production was done in china. today, it's less than 80%. the key is finding like minded suppliers who work in our model to deliver the best combination of quality, cost, and speed. >> i did at experiment at home. last time i saw you, you gave me some cosmetics because you told me my wife wouldn't really understand the difference. i put yours in front of some brands that cost four to five times and she didn't notice. when you have head to head qualify, do you often win against the really expensive

brands? >> that's what our consumers are telling us. we often see viral posts, we introduced our lip oils. they'll compare our $8 lip oil to a prestige oil at $40. we'll get testimonials. we try to make sure we're delighting our community. >> periodedically i go to meetis and dinners and see people from all parts of elf. what kind of stock plan do you have that they all seem to have stock? >> well, we're unique as far as we know in the consumer space. out of 274 companies, we're the only company that grants equity to every employee every year. if you exclude the named executive officer, we've granted over $180 million of eck quity. we believe in meaningful wealth creation for every employee. >> one last question. how much of your success has to do with the fact that you did what i was always hoping would

happen in corporate america. you have a board that looks like our country and not the old our country. has that helped you? >> absolutely. it started with our employee base which is over 75% women. over 60% gen z and millennial. we're one of only two publicly traded companies out of 4100 that have at least two-thirds women and one-third diverse representation. >> that's what you need. the last thing you need to know, the loyalty to the old brands that we all knew were the ones, frankly, they took advantage, i believe, of their prestige. they're waning, aren't they? >> i think it's a combination of them waning and the strength we have. we're the number one brand among gen z. our value proposition is really resognating. >> i don't really understand the

fall in the stock, but i understand people worry about the category. you correctly brought that out. you're the category winner and the winner will out with both the sales and all the stock. that's why i'm still betting on this horse right here. chairman and ceo of elf beauty. stock's been down a lot but it's because the category, not because of elf and "mad money's" back after a break. coming up, is future of ai built with a strong arm? keep it here and flex your portfolio. next. when it comes to amgen's life-changing medical breakthroughs, every second counts. but without investment, those breakthroughs are often paused. citi's seamlessly connected banking, markets and services businesses, deliver global financial solutions.

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last monday, i told you about micron, amd and arm holdings because the semiconductor selloff had gotten extreme. since then, arm holdings is valued about 10% end of today's brutal 6% decline on reports of weak orders for new iphones, which contain their chip architecture, but i don't mind the pullback given that arm's up almost 175% since it became public roughly a year ago. the question is can it keep running? earlier today, we caught up with the ceo to learn more about what's on the horizon. take a look. >> first, i have to tell you, happy anniversary. happy birthday, however you want to do it because you've been around for a long time, but in the public market, in the ipo, you are up 175% from the offer price. how is that possible? >> thanks for having me.

if you would have told me a year ago this is where we'd be, i don't know if i would have said so, but i will take it. the market's been kind to us. we've also been executing on our business plan and we're super happy a year later. >> i think people think well, they're around ai. actually, you're around everybody. 99% of devices you touch, very big in wireless but also the data center. the you bik byty of your company, people don't know it. >> people don't. it is a hard company to describe to folks who don't really understand our business and where we sit. the easiest way to think about it is we do cpus. they are the brain of every digital device. what does every device need? software. t that's the magic of arm. every piece of software that's ever been written pretty much runs on arm. over 20 million developers have been working on arm software. what that means, jim, the more

complex these devices are, the more they need arm. the more software that's written on these, the more developers point to it and also, they hang around a long time. we have chips that arm has designed that have been in production for over 25 years that we still collect royalties on. the reason is because it's really hard to change out the software and chip that has arm. >> now, you are also very important in the data center. very important in terms of what's mentioned for nvidia because you're part of the plumbing that is, that has higher value. and you can pretty much dominate this area. >> again, we do the cpu and the cpus we do are not only software driven, they're very power efficient. you're building giant data centers. running these big ai workloads. you need the lowest power processor to do this. that's where arm fits in. so we've had a lot of great design wins in the last number of years in the data center. microsoft, amazon, google. but now nvidia's on board with

their grace blackwell chip that also uses arm. we're seeing growth faster than expected. >> i think people,they understand that heat is an issue. that power's an issue. so what everyone's trying to do is get more power and less heat. that's you. >> that's us. yes. when you build a new data center, what do you need to do? you need more power. you don't want to spend as much money and you need lower cost and more efficient processors. that's where we fit in. so we have gained a lot of market share in the data center. as i said, these ai workloads that require a huge amount of compete, that's a great place for arm. again, all of the software for these data centers has moved to arm. so it's only upside from here for us. >> let's go to where you don't penetrate but i think you're going to have amazing success. the analysts are skeptical. pc. 50% pc in five years. most people feel that's not, it's impossible for you to do. why are you so confident?

>> so, one major pc platform, the mac, has moved arm 100% and the compelling value there is around battery life. you're talking ten hours. 15 hours. 20 hours of battery life because they're running on arm. the platform behind the mobile phone. now, fast forward to pcs. you've got first class chips out there now that are competitive with apple then in a few year, you'll have multiple vendors. it's really going to be a growth area for us. >> somebody is displaced and i'd have to believe that's intel. >> intel and amd, that's the battle against arm. where arm benefits is low power, fi efficiency and multiple vendors. after qualcomm, there will be more vendors then it's really game on. you'll have all kinds of price points, skews, which will be great for consumers. >> i also know there's a lawsuit and it's supposed to begin in december. where we?

>> december. that's what we're moving towards. not much more i can say. >> now, fill me in on what the world would look like had nvidia been able to buy you? >> it was a really interesting time. >> people should know you have great relationship with nvidia. >> used to work there. a great company. >> did he ever come up to you and dismiss you? >> a lot of stories we can talk about but he's brilliant. i learned so much from jenson. the fascinating thing about the acquisition, at the time, arm was north of $2 billion. nvidia was a $25 billion company. not nearly as large as they are now. so on one level, you might say gosh, what's to see here. big company buys small company. the amount of opposition that took place around the world with regulators, the u.s., europe, the u.k., but more importantly, virtually every big partner in the world was against it. what i think underscores, just

how important a company we are and were at the time, people were really opposed to it b because they felt if this were to happen, it wouldn't have been good for the industry. i'm glad of how it worked out. i'm pleased. >> there's people at home should understand that you are so important to the firm that no one wanted you to combine because you would be too powerful. you on your own have a lot of power in the industry. >> i'd like to think so. goes back to software. it's the magic because if you go back 40 years ago, there wasn't a lot of software written for hardware. it was very, very small. in the 1990s when the pcs started to grow, cloud started to grow, the internet started to grow then mobile phones which is why you saw the software industry grow. because now, you have these

powerful platforms. fast forward and i think you mentioned on your shows, software versus hardware, all the investments made the last 20 years, they all run on arm. which is great for arm because we have had benefit of every major application in every major vertical with every major operating system it runs on arm. that didn't happen last year, last five years. that's over 20 to 30 years. so, yes. i think we're in a great place going forward. and i think it's only going to get better. >> people have to understand when you get in, that means a big roll. like you said, nice and now that you're in more of apple, i believe to believe that apple, a bonanza for you. >> apple's a great partner and yes. i think the new stuff they introduced is just amazing. you look at iphone 16 pro max. >> have you used it? is it great? >> i've seen the demos. they're amazing. there's a lot going on with

apple intelligence. just the beginning of inference which is basically running these ai models on these edge devices and weaver just at the very beginning. one of the benefits again for arm is that many of the devices that were designed to run these ai software models were zrdesigd years before the software was invented. take llama. it was not invented two years ago. >> meta. >> but yet the phones that need to run llama, those chips were designed two years ago. so what are we see soming? people scrambling to design new chips faster to run these models and they're going to run on arm. which is a great thing. >> 50i6 you've done. it's just consistent. >> we are not a day-to-day company. a quarter to quarter company. we're a year to year.

decade to decade. these platforms take decades. for the software to be developed and optimized. so the way to look at arm is look, we're everywhere. and then when you add ai, which is going to be everywhere. ai, whether it's generative ai or inference, is going to be on every device on the planet and those devices will all run on arm. so we think about the world in five to ten-year blocks not what the stock is today. >> ii wish there were more peope and companies like you. great to see you. thank you so much for coming on. >> thank you. >> coming up, hit us with your best shot and electrifying fast fire lightning round is next.

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it is time. it's time for the lightning round. are you ready? mark in michigan. mark. >> big motor city boo-yah to you, jim cramer. >> love it. thank you. >> i'd like to get a quick shutout to mr. doug in florida. >> no doubt about it. s >> speaking of florida, next era energy. >> i don't think it's done. i think you can go higher. jeff in illinois. jeff. >> hey, jim. how you doing? can i get a boo-yah?

>> boo-yah, my freiend. >> awesome. thanks for having me on. i'm calling to get your take on the leading health provider light solutions under alit. thank you. >> i want to see that company actually make money before i own it. it's not been able to do so so far. sunny in massachusetts. sunny. >> hey, dr. cramer. oo i'm a second time caller and club member. >> thank you. >> thanks for what you do in helping us unz dogs. i'm here with my 3-year-old and 8-year-old daughters and they're big fans. >> boo-yah, jim. >> got horse sense. >> can you and jeff give you the contact information for your ta tailors you're the best dressed in the business. >> okay. >> what are you thoughts on her ball life? has a good pe. >> no growth. don't want to touch it. too controversial. too crazy. let's move on.

jion in florida. >> hey, jim. i have my son here who has a question for you. >> sure. >> hey, jim. boo-yah. >> boo-yah. >> boo-yah. i'm part of your investment club as well and it's very good, i like the amazon thing today you did. >> thank you. hey, wow. yeah. all right. wow. great stuff. thank you, how can i help you, my good man? >> what do you think of microsoft as a buy right here? >> let me just tell you something. you have hit upon what is probably a top five stock in this market. i like microsoft. the kid obviously knows what he's doing. put him right here. he can press the buttons. let's go to seth in texas. seth. >> hey, jim. hope you're doing well. reason for the call is i feel like people misunderstand the ai networking space in how strong green lake is. what are your thoughts? >> i think hp would surprise

people that often but you're right. it's a very expensive stock and i incline to be as positive as you are and that is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, own it. don't trade it. but why? but why? cramer explains one of (cheerful music) (phone ringing) [narrator] not all multi-millionaires built their wealth the same way, you have... the fearless investor. the type a cpa. important rules. next. er. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice. every day, over a million multi-millionares trust schwab with more than two trillion dollars of their wealth. okay, team! oh, thank you so much

i couldn't have done it without you. honestly, i don't do a whole lot here. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys them? oh, i hadn't thought of that that's probably not gonna happen can we handle that kind of traffic? the network can handle it! i downloaded eight hours of true crime stories just during our last video call i'm learning a lot

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people often ask me why i always say you should own apple. don't trade it. well it's because of things like today. days typically follow a new phone launch. this morning, we got a barrage of research talking about how preorder sales were soft for the first weekend the iphone 16 was

available. got a jpmorgan tracker titled quote consumer preference for pro models continues although pro models starting off modestly slower versus last year, end quote. oh, no. how about bank of america? early preorder data shift dates are extending but slower than prior years. ahh! slower than last year's orders? is that cause for concern? the answer, only if you let it be. listen, every time apple launches a new phone, we get these kinds of surveys. companies like qualcomm, arm holdings. every time this research inspires panic. especially when other part of the market are roaring so people end up selling apple at this point as they did today with the stock at six points and that's why people miss the next big move. look. i'm not against up to the minute research for apple. it's fine. there are always people looking to trade on numbers involving iphone max sales.

pro. there will always be people who want to speculate on china sales. people who look on early component orders. but we did get some negative pricing data from australia and india with the iphone selling at a discount. first, the united states phone companies give you the special deals when you order from them. t mobile has been a star when it comes to iphone sales. the day after tomorrow, t mobile has an analyst meeting. i care a lot more about what mike has to say about anything that these analysts tell me. the iphone 16 is strange piece. but the show stopper ai isn't yet included in the software. so that may be a natural impediment to immediate preorders.

encross no particular timeline. might as well wait if you want them knowing the good non apple hearing aides go for $7,000 a pair. that's right. 7,000. let me give you the real skinny here. if you make your apple investment decision based on this kind of instant analyst, you'll be one of the millions upon millions of people who miss the big boat that includes the service revenue, the consistency that goes between long-term apple sales. we'll keep hearing stories that validate all the selling including that parts aren't being ordered at the usual pace then on the third or fourth day after launch, people figure out there's more to these sales then the next weekend, the sellers explode and the sellers are left appleless. that's why viewers miss years and years of apple performance. they get shaken out by these preliminary reasons that aren't the truth at all. so that's why i say own apple. don't trade it.

own it. it's wibeen a fabulous investme but trading it back and forth tends to be a terrible idea. i like to say there's always a bull market somewhere. i promise to find it just for you. see you tomorrow with more from san francisco. where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ are darryl and randy lenz with a product to help ease the stress of traveling with children. come on, honey. ♪♪♪ (darryl) come on. come on, honey.