alibaba. >> melissa lee i will. and hi derek thanks for flying in. thank you for watching fast money live from miami. 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 my friends i'm just trying to make you a little money. my job is not to entertain but to educate. teach you. so call me at one 800 743 cnbc or tweet me jimcramer. nobody ever made a dime panicking no matter how many times i've said that. it always feels like the first utterance. but if you match yesterday's carnage in tech with

today's bountiful harvest of winners you know why i have to repeat myself. if you panicked and sold tech yesterday, you missed today's cornucopia of tech winners. with the dow gaining 137 points has to be climbing 0.9 2%. but the nasdaq filled with tech going up 2.03%. now, before we dig into what happened today, i want to emphasize that when i say no one ever made a dime panicking, i'm actually not even talking about being opportunistic. i'm saying that if you wanted to sell nvidia into the worst single day loss in history with a market capitalization, that maybe you learned your lesson. as the stock bounced back furiously today, up nearly 9% because as bad as this deep sea thing might be for nvidia, it might not be that bad. no it's not. back to where it was. i get that maybe it shouldn't be, but it really got oversold and therefore it caught a bounce when there was only one downgrade. and a lot of positive chatter that it isn't over what was not long ago the world's largest company. i get that it wasn't easy to do

nothing. you had to sit on your hands. so you had this chinese outfit come out of nowhere and announce basically that you don't need as many nvidia chips as you thought for ai, because you can get much more out of each chip, maybe ten times more if you just use the software. now that's pretty much what deep sea was offered, and it's certainly a frightening prospect for nvidia, as the company has been perceived to be a monopolist. that price gouging is now the way i see it. that's nonsense. nvidia invented this business, spent billions upon billions of dollars building it up, and it simply charges what the market can bear. until last week, we figured that to get those tasks done, to get the best use out of nvidia's product, you had to order a colossal number of chips at obscene prices. now, though, if someone comes along and says, hey, you know what? you can get ten times as much output from an nvidia chip that you thought. you got to figure you only need to order one tenth as many chips as you thought you needed, right? isn't that the math? and that's why nvidia's stock got obliterated yesterday. what if everyone who's ordering these chips cancels 90% of their

orders? what if you only need one tenth of the data centers you planned? okay, that is enough to scare anyone. but fear doesn't necessarily generate the right decisions when it comes to the stock market. remember, i'm not talking about being optimistic again and buying nvidia this morning when it went from plus 4 to -1. i'm just talking about not selling you the biggest rout in history. or to put it another way, because i really am trying to get this point across. obviously doing nothing was actually a great strategy. you didn't expose yourself to more risk, and if you're truly worried that nvidia might lose 9/10 of its orders, you got a chance to sell at a much better price simply by waiting a day. sell, sell, sell. the panic yesterday was so palpable. that people even sold the beneficiaries. the companies that are doing well and might even do better if deep seeks formula for success, spreads a bunch of knuckleheads. at one point yesterday, we saw some huge potential winners get hammered as stocks like up, meta, microsoft, amazon,

alphabet. all four of them came roaring back today. they were all fabulous buys. >> house of pleasure. >> yes, panicking caused smokescreens that obscure what, in retrospect, were some fairly obvious opportunities. if meta is buying 500,000 chips from nvidia and the price of those chips comes down because people realize they don't need as many. well, how is that negative for meta? the only way to frame this as a negative is if you got a problem with arithmetic, in which case instead of doing this, i suggest some remedial math classes might help. oh, irony of ironies, how about the fact that apple, which had been in freefall for weeks, has made a u-turn two days ahead of earnings and has now rallied from 222 to $238. how crazy is that? and once again, i will remind people that i want to own apple, not trade it. that's how we feel for the trust. but a lot of people sold it yesterday. 222 i wonder what they're thinking. that said, if you can't handle the fear of owning the stock of apple through a quarterly report that is almost universally regarded as horrible, awful and miserable before it prints,

which is going to do on thursday. well, you're now free to sell the stock at a much higher price. i say go forth and sell. some stocks were held correctly as winners in this environment, mainly the companies that benefit from less expensive hardware like servicenow, which rallied another 2.6% today, and salesforce, which gained 3.7% on top of a colossal gain yesterday. you know, we're going to have ceo marc benioff to talk about this new deep c, c and how it seeded the world later in the show. but now let's get back to the real issue here, because i got to make another point. if you made it through the yesterday's cataclysmic drop and still own the stock of nvidia, can we just stop for a second and think about what deep seat might really mean for this incredible company? first, it's entirely possible that companies will place smaller orders if they can really get much more use out of nvidia's chips. it's just possible the price of compute could come down. that's understandable. if a company setting up still won more ai powered customer assistant, then it's entirely possible that there won't be as much demand for nvidia's highest end chips.

if that's the case, you could argue that you might even be able to use less powerful chips from from amazon, from amd. salesforce is the king of the ai powered customer assistant, so it's a gigantic winner from deep c. the more commoditized the hardware, the better off for benioff. but what if you're thinking much differently? what if you want to create a world of specialized robots that can do anything humans can do physically, and do it better than we can actual physical robots, humanoids, call them whatever you want. can deep seat do that for you? does deep seek help you create the best self-driving cars? does it keep your data private or like tiktok? does it just turn out to be a way for the chinese government to influence us and gather our information? but one look at the incredible run in the cybersecurity stocks tells me that someone besides me has thought about the implications. do you think the stock of charitable trust holding crowdstrike doesn't go up $34 or 9.35% in a single session for nothing? and then there's something else that bothers me about the slam job on nvidia, with wall street suddenly treating it as a commodity chip

maker like some sort of intel not deserving of $1 trillion valuation, let alone a 3 trillion. we may have just found out about deep tech because we read about it in the new york times. is it really possible that mark zuckerberg from meta, larry ellison from oracle, elon musk from everywhere, guys who've been ordering chips and nvidia chips, the most aggressive, expensive, kind of like mad. do you really think they were blindsided? do you really think they didn't know anything about this? were they as clueless as the people who sold nvidia into yesterday's vortex? were they so involved with president trump's initiative, and so eager to please the president that they ordered billions of dollars of chips just to show they liked them somehow? i don't think that makes a lot of sense. i hope you don't think so, either. these folks didn't just fall off a turnip truck where they were frantically trying to buy some blackwells. here's the bottom line they shoot first, ask questions later. approach works when there's fraud or chicanery, and we know we must sell. but when things are complicated or murky, it might not make sense to help create the biggest single day dollar loss in history. chums, there's a better

way. just don't do anything. if you really want to sell, you can do it into the rebound the next day. in my experience, after one more dip in the morning, you almost always get a better price. julie in connecticut. julie. >> hey, jim. >> how are you? thanks for having me. >> i am good, julie. how are you? i'm doing good. >> i'm very good. >> thanks. >> so i was hoping we could talk about. >> the weight loss. >> elephant of. >> pharmaceuticals. >> eli lilly. >> sure. what are you thinking? >> so. >> well. >> so with the earnings just around the corner and a noticeable q3. miss and the. continuing momentum. >> of the glp one disruptors, it seems. >> like the street. >> can't agree if this is. >> a buy or sell. >> so you're. >> very right. >> that's very true. okay. so i mean, we just found out today that ozempic has something for kidney failure. and that means it may be lilly has it now. lilly has i will say this, the single worst chart i have seen in a long time. and there are a lot of people on wall street are chartists. however, i actually like the fundamentals now. david ricks did on our show

preannounce a better than expected quarter and nobody listened. but i do believe in lilly. we own it for the trust. and i've got to tell you, i think in another dip you get another opportunity to buy. and i'm sticking by that. all right. look, thank you for the call. look, when things are as murky and complicated as the deep sea news, sometimes you know what it's best to do. nothing that can be a strategy to. on mad money tonight. new course up on yesterday's report. but can the stock keep climbing? i'm talking earnings tariffs in the state of steel with the company's top brass. then as deep sea shakes up the eye stocks. i've got salesforce ceo to get a better read of the landscape for tech. hey, maybe he wants to bury the hatchet with microsoft. you never know. plus, i'm checking in with ceo of sap to get a closer look at what's powering growth for that german software player. one of our super seven out of europe. so stay with cramer. >> don't miss a second of mad money follow jimcramer on x. have a question. tweet cramer

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five years of a great rate that won't change. it's back. but only for a limited time. high five. five years? -nope. comcast business 5-year price lock guarantee. powering five years of savings. powering possibilities. comcast business. today@hims.com. >> look at nucor go back when the steel maker preannounced its results in december. wall street saw it as disappointment. but when nucor reported last night, they reported a huge top and bottom line beat much better than expected. and that is why the stock shot up nearly 4% today. now, over the last year, nucor has come down close to 30% thanks to falling steel prices. but with the new administration vowing to protect domestic steel makers from foreign competition, i think the stock's become a lot more attractive. let's take a closer look. let's speak to leon topalian. he's the chairman, president and ceo of nucor. learn more about what's going on mr. and welcome back to mad money.

>> thank you jim. look forward to talking today okay. >> so i've seen the actually precipitous decline in steel pricing and but i have not seen a concomitant decrease in you and activity in our country. which leads me to believe that there is some manipulation and there is some dumping, particularly by a country that has way too much steel, which is china. but we're not seeing it through china. we may be seeing it through our trading partners. do you think the president can stop it? >> yeah, there's no doubt in my mind. we saw him stop it. >> and, you. >> know, his first administration. >> i think. >> we'll see it. again and again. what you're going to see, jim, in. >> the. >> coming days. weeks and months is a very. >> pro america trade. >> policies and enforcements. >> we saw the memo last monday. >> on tariffs and what they're going to do. >> and i think. >> they're going to be. >> far reaching. >> and i. >> think they're going to be very broad to, again, stop the illegal dumping, the. >> manipulation. >> currency manipulation. >> and subsidization of steels coming into the shores of the us. >> can you please explain to people what transshipment is, that it's entirely possible that a country like china uses

middlemen in canada and mexico to smuggle their steel in here, basically, because that's what it is. they're smuggling it. >> well. >> when you think. >> about. >> the us consumption at. >> about 100. >> million tons, about. >> 100 million tons. >> is leaving the shores. >> of china. >> looking for a home. >> and the greatest. >> home and. >> the greatest economic home in the world. >> is the united states. so whether it's vietnam, canada. >> mexico. >> it's got. >> to stop. you know, canadian. >> and. >> mexican imports. >> account. >> for almost 40%. >> of the. >> entire import. >> picture in the us. so the. >> trade agreements. >> that were brought under. usmca have got to go back. >> we've got to reinstate. >> 232 and again, create. >> a fair and level playing field. and again. >> today, that is not the case. >> now, let's make it clear. you are not saying that nucor should have unfettered access. you're fine with these with these companies and countries, if they want to open steel mills in this country, you're more than fine. you're not trying to you're not against that. >> look. >> we'll compete. >> against anybody in the world.

>> we've said that for years and years. >> and decades. and so. >> again, our cost. >> structure. >> our team would stack up. >> against anybody. >> jim, it's exactly what you described. >> it's the illegal. >> dumping, the. >> subsidization of steels and the currency manipulation that creates a very. >> unbalanced and. >> unlevel playing. >> field. >> that is hurt. >> the steel. >> industry for decades now. >> at the same time, you have been spending big capital improvements and you're moving to a lot of different end markets. one of them is, let's say steel that might go into data centers. now, suddenly we are concerned that there will be fewer data centers built. is this something that's been on on your mind? >> yeah, absolutely. it's a mega trend for us as we continue. >> to grow. >> as you know, we acquired southwest data products. >> company last year. >> and again. >> we look for the racking. >> and the warehouse. systems that we've got within nucor. >> to continue to fuel that. >> but look i've watched over the last, you know, 30. >> hours. >> in the. >> news cycle with. >> what's happening in that at the end of the day, that growth

over the next five, eight, ten. >> years is going to be. >> continue to grow. >> if we think about. >> the. energy space and. >> grid hardening and bringing the. power to power. >> the data. >> centers. >> as well as. >> all the other manufacturing. >> growth. >> that's. going to be spurred onto the economic. >> policies of. >> deregulation. >> lower interest. >> rates, corporate tax rates. >> i think it's all fuel. and nucor sits at the epicenter of all. >> of that, jim. to not only. >> build the. >> infrastructure for it, but. >> supply the. >> parts, pieces. >> and components into all of those streams. >> all right. now, one of the things that i also saw, i had been concerned about your your warehouse business, the doors business, because that had slowed down. but i don't know if you call it prologis, which is the biggest actually called a bottom in warehouse just last week. and are you starting to see a similar thing, a bottoming of that business? >> yeah, not not only the bottom, jim, but you have to remember as. >> well that. >> it's the reason we. >> acquired that. >> is. >> to prevent some of the cyclicality that we see in

steel. >> so while it's off. >> in terms of. >> what we see in the. >> steel typical. >> sine waves. >> it. >> is much, much slower. >> so their. >> their growth. >> and their continued earnings. >> is really strong. >> and again. we forecast that to. >> be. even stronger. >> in 2025. >> now i know that you are big fans of your stock. i am too. obviously you did repurchase a great deal of stock at $168. do you just keep buying? what what do you think is the right thing to do? >> look, i think at the end of the. >> day, jim, we are on the. >> about two thirds of the way. >> through a $16. >> billion growth. >> campaign in both. >> organic and m&a activity. >> and what we've always done. >> is we don't have a great home for that. >> we're going to return. >> it to our shareholders as. >> over the last. >> five years. >> the ceo. we've returned $12.5. >> billion. >> or 60%. >> of our. >> net earnings back to our shareholders. as you know, our shareholders know. >> and those that. >> are, you know. >> active in terms of thinking about. the dividend. king that nucor has been for. >> you know, 50.

>> plus years now. >> all right. now how about what can happen here with cleveland-cliffs as potential partner for u.s. steel? i happen to enjoy cleveland-cliffs. i think they do a good job. the stock's been hurt just like yours though, by chinese, maybe even worse by chinese dumping. i'm worth it to be able to pick up something if you can, from them. >> yeah, jim, we're the largest steel company in north america, so of. >> course we took. >> a look a year. >> and a half ago. >> and. >> we'll continue to. >> look. >> and see if those assets come back. >> but, you know, part of. >> the reason. >> we didn't. >> move forward is valuation. >> we're not. >> going to overpay for assets. >> we're going to. >> be. >> really disciplined. >> with our growth. >> and there's been an awful lot of talk and. >> chaos around the. >> noise of the acquisition. >> with. >> nippon and us. >> the nostalgia that us. >> steel is thought about is from. >> 40 or 50. >> years ago. it is a. >> shell of. >> itself, and it's. >> not because of the hard working men and women in their plants. it's because leadership didn't recognize the changes that were. >> coming, the technological. >> innovation. >> the competitors. like nucor. >> that were going to emerge as. >> the nation's largest, safest, most productive and sustainable

steel maker. >> and so. >> if you look at our net. >> earnings, it. >> would take the next three competitors combined to get anywhere close. >> to what nucor has done. >> well, i mean, that is that is incredible. and what i really like is you keep putting up plants in places that might otherwise not have any economic activity. i think it's important for people to recognize that nucor is much more forceful and important when it comes to growing communities that have been hurt than the us government. >> oh, absolutely. you think about, again. all of our plants from hertford. >> county, north carolina. mississippi county. >> and arkansas and again. >> across this incredible nation. we have incredible hard working men. >> and women that make. >> up this. >> incredible family. and, jim, i'd be remiss if i didn't tell you 2024. >> was the. >> safest year in our history. and if you think about every result, every kpi we. >> talk about. >> it is because. >> of the men and women who make up this incredible nucor family. >> and so we are poised. >> and i think 2025 is. >> going to be a better year than we saw last year. but in

the years to come, nucor is incredibly well positioned. >> and our. >> our best days are still in. >> front of us. >> well, have you seen the burst of enthusiasm and optimism that i've seen enough to be able to increase the gdp estimates from the federal reserve of atlanta just this afternoon, seeing that kind of burst of optimism. >> you know. >> yeah. look. >> we're seeing it everywhere. >> our customers, our. >> customers, customers. >> i talked to. >> three of our largest customers last. >> week. >> and that that. >> sense of promise and confidence in. >> the economy. >> is fueling the. >> the resurgence of reshoring. >> increased order activity or backlogs are up, water activity is up. and i think you're going to see that continue into 2025. >> well, you tell a terrific story because you're a great company. and leon is just a it's great to have you on the show. i really think that this is the level that you have to have. nucor. if you have any faith in the in the us economy, which i certainly have, and i know you do. leon paypal is the chair, president and ceo of nucor. thank you for coming on the

show. >> thank you jim. >> appreciate it. >> that money is back. >> after the break. >> coming up, how are tech companies navigating the ai race after yesterday's big declines? cramer's one on one with salesforce ceo marc benioff next. cnbc live. >> ambitiously. >> let's talk ai. ai in china versus ai in the united states. >> deep sea. one of the. companies within china. it's been reported at least that they have a cluster of 50,000. >> nvidia gpus. >> deep sea. >> their model is actually. >> the top performing, or roughly. >> on par with the best american models. to see the deep sea new model, it's super impressive and it's super compute efficient. >> we're not just about managing information. >> we're about supplying. >> digital workers. now we're making this transformation of digital labor. >> good morning everyone. >> ready for the big meeting? >> i have to write this project plan. >> i just need to reply to 40 emails.

>> linda. >> oh, there they disappeared. too many emails, messages, docs. >> that's why. >> i have grammarly. it's ai. >> that helps. >> me write. >> faster and better. >> everywhere. it just cleared. >> it for the whole company. >> it for the whole company. >> i was lost in the it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! tech stocks.

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that's a chinese ai model that can produce similar results to the leading us models using fewer resources, people initially sold almost every stock involved in the ai ecosystem. dumb. there are a few exceptions, like the ai empowered software companies that are pure winners. in a world where artificial intelligence development could be much cheaper. companies like salesforce, the cloud software pioneer that was among the first to market with its own ai application for customer relations, management, age and force stocks now up almost eight 8% over the past two days because it's a clear beneficiary in post deep sea world. how much does this move the needle for them? let's go straight to the source. let's go to marc benioff co-founder chairman ceo, salesforce. figure out what deep sea means for artificial intelligence. mr. benioff, welcome back to mad money. >> jim, it's always great to be with you. and thanks again for. >> having me. >> of course. now, mark, we do need to know how much it really does move the needle when you shift away from and or make hardware commodity, then we start realizing that there are other things are gold, including data being interrogated, say, by

people who want to use salesforce and make more money. is that what could happen? >> well, jim, we've been talking now. >> for. >> i guess, i don't know, a couple of. years about these models and you know. >> how i feel, which is that these. >> models are. >> just commodities, and. >> the real value. >> is in the data and the. >> metadata that's inside these companies, which is what drives the model and makes them special. so what you see now is another great model actually from china. >> and it's not going to be the. >> last chinese model. jim, you're going to see a lot more models from china and a lot more innovation in the model space. >> and this. >> is inspiring a new generation of model that, yes, is lower cost is cheaper. and as. >> you can see with deep. >> sea, this was. 27 times cheaper than the openai model. >> so this. >> is. >> an incredible. advancement and inspiration. >> for all. >> of us. >> well, but let me ask you. last week you said to my friend andrew ross sorkin, the united states of america has a tremendous lead in artificial intelligence and in technology. is that not true? >> well. >> we absolutely do.

>> you can see the majority of the models are american models. but here we see now the chinese also coming in with not only an aggressive competitive model, but one that's cheaper and lower cost. so it just. >> gives everybody the motivation. >> to keep going and going faster. >> but at the same time, you and i both know jensen wong, what he's doing is at another plane. in a lot of ways. i mean, he's trying to make it so that we all say, have a robot assistant humanoid, make it so that humans are side by side with with robots, whatever you want to call them, we'll call them agents. how about we call them agents? now, that doesn't mean that you think that nvidia has run out of steam here. >> well. >> jim, you know, jensen and i both. agree with something very clear, which is that we are now in the third wave of ai, which is the agentic wave, and the agentic wave is driving this incredible new platform for many companies, the ability to make things much lower cost and much easier. and you mentioned we were just at davos last week with andrew and sara eisen also.

and i'll tell you, all of davos ran on salesforce the entire conference, which has been true for more than a decade. but this year was the first year that we built an incredible agentic layer across the conference. so every attendee could work with agents not just with humans. >> but agents as. >> well, to plan the conference, contact their friends, make restaurant restaurant reservations. all of these things were possible at davos for the first time, and it's no different than we're doing now for so many exciting customers that we have, which is deploying humans and agents working together. you saw it at dreamforce. now you've seen it at davos, and you're going to start seeing it at so many of our customers across the world. >> well, i understand and i think that of course with the data is what matters. and if you can make the hardware cheaper it's even better. but do you think that maybe we even kind of fomented china to make the cheaper hardware cheaper than we did? was that our fault, so to speak?

>> well, i think they do what they do. >> and look, technology is getting lower cost and easier to use. it's a continuum and this is exciting. this is why i love. >> my industry. i love being in the technology industry, jim, because we're always how many conversations have we had exactly like this over the two decades. >> or so? >> another conversation we always have. >> i mean. it's from. cloud to social to mobile to ai, and now we're. >> talking about these. >> models and how the models are compressing and getting more efficient, and that no one company has a lock on any one model and everyone is having a model. this is a very cool. >> okay, now another thing we need to settle. the other thing you and i have talked about. look, i think matthew mcconaughey, you know how much i love him. i think he's terrific. he's fun. he's so smart. and i see these ads, and i'm telling faber, david faber and my partner, you know, look, this is like the greatest campaign. i love it. it's incredibly funny. and i bet you it's bringing a huge amount of business to salesforce. and i think david's saying like, well, i don't know who watches it and then goes to

salesforce and buys something. but the fact is it's about ubiquity. it's about the recognition that there's something going on that maybe your company should be involved in. has it had an impact? if i went to your to, well, your wherever your headquarters is, if i went to talk to people from salesforce, would they say, listen, makani's killing it? >> well, jim, i'm looking forward to, you know, catching up on all of those details when the quarter closes. >> but what i'll. >> tell you is i love matthew mcconaughey. >> and he brought. >> woody harrelson. >> in. >> as you know, to build an incredible campaign for what is by far the most exciting product. >> we've ever had at. >> salesforce, which is. agent force. and you've already seen it at dreamforce. you saw it now at davos, you see it at salesforce. we're live where our support agents are working with agents. so digital workers are working together to solve customer needs. we're you know we get about 36,000 customer support calls every single week. well now about 31,000 are handled by agents and 5000 are

handled by humans. this is an incredible advancement for us, and we're doing it for a lot of our customers at davos. we also have the pleasure to be with dave mackay of royal bank of canada, who's deployed us on their wealth management business with agent force. and he's talking about how, you know, we're going to be able to save him, hopefully hundreds of millions of dollars and i hope, you know, generate billions of dollars of revenue for him with agent force. so i couldn't be more excited about the progress. and you're right, every great product needs a great branding campaign. and i think agent force has kind of gone from zero to hero in just about three months. i mean, how long ago would we were at dreamforce where we heard agent force for the first time? i think that was just september. >> oh, it was it's an amazing turn. it really is. now i'm going to try to do something that might be impossible. i see microsoft making some personnel changes. i see them breaking up with, perhaps with the people that we know at openai. and i'm wondering whether you might ban the clippy to talk. they've got some smart people. maybe they'll

start making the assistant a little bit better. why don't we bury the hatchet right here, right now and not and not inside his head? >> well, you're you're right, jim, that microsoft has disappointed so many customers with copilot. it just hasn't delivered because it's just repackaged chatgpt. and i guess that's fine. but now, you know, with stargate that got announced last week, it's really a bifurcation between microsoft and openai and microsoft, you know, delivers their infrastructure. azure. well, now chatgpt and openai are going to be running on this new stargate infrastructure. this is a huge transformation, and a lot of that has to do with microsoft basically starting their own frontier ai team. you know, under mustafa suleyman, who you remember was at google, who started deepmind, and then he had inflection. now he's at microsoft running their ai efforts, building their own frontier models. this is a huge advancement again, for the industry. another model. >> right. but i mean, at the same time, i mean, maybe copilot

becomes more of a pilot, maybe, you know, maybe an astronaut. what do you say? come on right now, just say it's going to get better and that we should stop making fun of microsoft on mad money. >> look, jim, you know that microsoft's the number one software company in the world for enterprises. salesforce is number two. it's important that we paint the clear differentiation between copilot, which has not been able to deliver these results for customers, and agent force, that is. and look, we can see it in in right on my own company that this is a tremendous platform. and i just spoke with hundreds of customers last week at davos. i didn't find a single happy copilot customer there. >> all right. well, we didn't get exactly that hatchet burying moment. but that's okay. that can happen some other time. i am thrilled to have marc benioff, who's the co-founder, chair and ceo of salesforce. >> great to. >> see you, jim. i want a couple agents next to you next time i see you. okay. i'm going to hire a couple of agents. >> that's about humans. >> with agents working together. all right. >> we're all. >> digital labor revolution. >> we're all pals. mark, thank

you so much. good to see you. mad money is back after a moment. >> good to. >> see you. >> coming up, fresh off its earnings report, what's in store for software giant sap? cramer's catching up with the ceo next. to a new administration. new fed strategies. could the trump agenda impact inflation and the fed's next move? fed chair powell's crucial remarks and powell's crucial remarks and message to inve only the servicenow platform connects every corner of your business, putting ai agents to work for people. like secret agents? no, more like autonomous minions that you control. to do what? well, jim's agents resolve simple customer issues. and patty's agents flag network problems. - proactively. - yup. i'm lovin' my agents. wait, you all have agents? oh yeah. and on the servicenow platform, everyone's agents work together so everything works better. can i have agents? maybe. ♪♪ (traffic noises) (♪♪)

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looking simply stunning... with this season's hottest accessory. -[ cellphone vibrates ] -oh, what's this? she's opening her fidelity app... to buy that stock... for exactly the amount she wants... no fees or commissions... what will gina do next? gina has roller derby at 6:00 pm. i'm there. get started investing for as little as $1. talk about easier investing. sap german enterprise software giant has become quietly one of the best stories in tech. the stock is up roughly 250% from its lows in september 2022. its cloud business is called pfizer. its ai rollout has been incredibly successful. now, this morning, sap reported a strong quarter with an impressive full year forecast, though the stock didn't get any credit for it. it's still up 11% for the year, though. i think it's got a lot more upside, especially because

it's kind of a tech stock that's basically immune to the deep sea shakeup, and it's got accelerating revenue growth. we call that aag. but don't take it from me. earlier today we had this chance to speak with christian klein, the ceo of sap. i want you to take a look. christian, once again, you delivered excellent numbers, and i want people to be reintroduced to how great you guys are. we made you one of our seven super seven of europe. and a lot of it is because you're not a small company. but you had accelerating revenue growth this quarter. >> absolutely, jim. i mean, q4. >> the total year. >> 2024 was record. >> year for sap. >> i would go that far that. >> it was the best. >> year in. >> sap's history. and, look, i mean, cloud. >> revenue accelerating, our total cloud backlog. >> is now. >> amounting to. ■k763 billion,p 40%, outperforming our peers. >> customer satisfaction up. >> and of. >> course, i 50% of the deals have already i embedded. >> so it. >> was a. >> fantastic year for sap. >> and yet at the same time as i

read through all the different things about your company, it does seem that you're early in your customer cloud transition. even after all the success. >> jim, that is right. i mean, look, i mean, the company actually was founded over. >> 50 years ago. >> we are in a. >> massive transition. but. >> you know. >> also, i mean. it's actually. >> a great, you know. >> treasure to have all of. >> these customers. >> 400,000 customers. we have the richest. >> business data. >> set of all tech companies. >> and of. >> course, in the age of ai. >> that is. >> of. >> course, a crown jewel. what we have also. >> sitting at the nexus. between business and. >> technology. >> and that. >> really matters not. >> only in the cloud, but also about. infusing ai into. >> the businesses. >> of our customers. >> well, let's go there, because it does seem like you're infusing it and it really doesn't matter. you're kind of agnostic into whose ai infrastructure you're using, and that what's far more important is that you have the data, and that the data is the secret for the best ai solution. >> jim, i could not have said it

better. actually. >> this is. >> exactly what we are doing. this is what our ai strategy is about. >> we are actually. >> sitting on a. >> very rich set of. >> business data. >> air data. >> finance, data supply chain data, sales data. and by. >> bringing this together. >> in our ai foundation, think. >> about a guy. >> you can predict demand. you can actually hand it over from the sales agent to the supply chain agent. because you have to deliver. >> you have to have the. >> right inventory, the right. >> spare parts. >> at. >> the right time. >> and then. >> of. >> course. >> you can go over to the procurement agent to make sure all the procurement is closely in sync. >> and that's completely automated. >> really delivering. >> higher automation. >> but at the end, also a great. >> consumer experience. >> and indeed. >> we are agnostic. >> to any. >> kind of. >> large language model. and this. >> is actually. >> our winning formula. business data. >> of sap. >> embedded in. >> the. >> business of our. >> customers. >> together with. >> the best large. >> language models. that is. >> what. >> we are doing. >> well, okay, maybe you could for our people who are not as close to large language models, things like that, just talk

about, for instance, what you do with gm because gm reported today, it's a great company and i know that you're a great customer. >> indeed. >> gm is a great customer. and actually they. really decided to bet on our platform to drive the transformation. >> of gm. >> so to give you a few use. >> cases. >> what really. >> matters for them? >> what drives high value. >> for gm? first, when you. >> think about spare parts. >> management, it's actually. >> about really delighting. >> the consumer that the spare parts are available at the right time, at the right. >> place, and what our software. >> does. >> what our ai does is predicting this demand, you. >> know, very. >> accurate and. >> then making. sure that you. >> can always. >> optimize inventory. so you. >> are delighting your. >> consumers. >> but you are also optimizing. >> inventory, which can save billions of capex. >> second, i mean. >> material traceability now, is the raw material still. available to. >> not. >> get any kind of supply. >> chain disruptions? >> we have 17. >> million. >> suppliers lined up. >> we are connecting. >> their end to end supply. >> chain to. >> really. >> predict.

>> you know, are. >> could there. >> any be supply chain disruptions. >> and there. >> are two. >> use cases. third one maybe one more. >> it's on. >> total workforce about you know the skills are. >> changing in the age of. >> ai. and so do you have the right skills. >> is there any. >> kind of skill gap. which skills. >> do. >> you need. >> to develop? >> which skills, which. >> people do you need to. >> recruit that. >> is done. via success factors? >> and this. >> is, you know, what is. >> really helping gm to transform. >> now, i guess what i think people will say is, well, how does gm measure whether their company is doing better and making more money after sap comes in? now you must have multiple examples about how once sap comes in, the sales go up and the earnings go up. is that is that how you pitch sap? because i want people to understand that this is a great stock to own. >> yeah, indeed. >> jim, i mean, look, i mean, when we. >> invented erp. >> 50 years ago, it was. >> a transactional system. >> and today. actually it's. >> a business. >> suite which with so much. >> intelligence embedded. >> so it helps you to automate. >> your business. to drive

efficiencies. >> to make. >> smarter decisions. >> to help. >> with predictive simulations. >> that is what our. suite is about. >> and of. >> course, it. >> runs integrated. >> because gm, like any. >> other company, needs. >> to run end to. >> end to delight the employees, but really connecting. >> them with each other, but. >> also delight your consumers. because actually, you. >> know, your. >> customer experience doesn't stop with sales. it needs to go over. into the supply. >> chain space. >> etc. and this is. >> what sap actually does. >> now i do. i want to tell you, we do have a marc benioff on tonight from salesforce. you know, he is arguing that it really doesn't matter that the again about the hardware. what matters is the data. but i wanted to ask you do you think that it's so irrelevant that perhaps the price of compute is going to drop rather dramatically, which i know i'm not asking you to opine on nvidia's fortunes, but that would upend pretty much everything that we've been thinking is going to happen post deep sea. >> yeah. i mean, look, jim, in this place, i. >> absolutely have to agree with marc. he's right. i mean, look. >> when you look at.

>> cloud, when you look at big data, the innovation always started on the infrastructure layer. yeah. you need better hardware, better technology. >> and then. >> actually it goes. >> up the stack. >> it goes to the platform, it goes to the application layer. and that is. now what is happening at ai. i mean the. >> value creation really happens. >> you know, how can. i build a more resilient supply chain. how can i. >> help to. >> sell more to. >> make sure you, you know. optimize your inventory? >> this is where the value. >> creation sits, the infrastructure, the large language models. i mean. >> we. >> are using. >> the best large language model for. >> the different. >> i use cases we have to run, but. >> the. >> value is. >> the business data. >> the value. >> is about. >> infusing ai into the. >> businesses of our customers. >> all right. that is excellent. that is one of the reasons why many reasons why, including the fact that the performance of your stock has been unbelievable, that we like you as one of our super seven. christian klein, ceo of sap. congratulations on the great numbers. >> thanks a lot, jim. >> absolutely mad money back here. >> coming up. lightning doesn't

just strike twice in cramerica. >> we are jimmy choo. >> booyah. >> booyah. booyah. >> thanks for. >> taking my call. >> it strikes every day. cramer is back in a flash with your questions next. >> it's not just about the ticket sales. this maintaining that connectivity with her fans. >> the power of a fan base. >> she's built. >> this billion. >> dollar brand. >> she's able. >> to do that in. >> a pretty unique. >> way. >> this swift effect. cnbc premiere tonight at ten eastern. >> welcome to reinvented with accenture. today i'm here with. margherita della valle, ceo of vodafone. you were employee 25 in vodafone italy. today you're the ceo of vodafone. what is your strategy and vision for the future? >> we are changing our culture to really focus on our customers. we need to acknowledge that change is hard, but if people understand it's for the right reason, then you get the power of the organization with you.

>> individually. each of us is great, but from here you can see we're one big team. at atlassian. we believe real progress takes all of us working together on new sources of energy, cars that drive to the future, even pizza deliveries. together we can go beyond where we've ever been collaborating from anywhere on everything. atlassian makes software for teams to do what is impossible alone. >> the thing about. >> work it's. >> always changing. >> weather. >> advancements in ai, workplace policies. >> and initiatives. >> upskilling, talent. >> whatever it. >> is, we all. >> have a. >> work thing in front of us, but with the right perspective. >> what seems confusing or just out of. reach can suddenly fall. >> into place and push you towards. achieving your business goals. if it's a work thing. >> it's a. >> sherm thing. >> sherm, what.

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new york. george. >> professor cramer. >> how are you, george? good. good to talk to you, buddy. what's up? >> tell me. >> what's going on with viking therapeutics. >> okay, people. people think that even if lilly stock can't go up, why would we want viking therapeutics? and a lot of people were in it for a takeover. so far, it doesn't look like that's materializing. so they're giving up and they are selling it. i prefer eli lilly. i want to go to terry in florida. terry. >> hi, jim. it's terry. >> in port charlotte. >> florida. >> and i've been watching your. >> show for a long time, and. >> i sure. >> appreciate what. >> you. >> and. >> your crew always do. thank you. >> so anyway. >> this solar stock has. >> been battered quite a bit of. >> late, and i'm. >> wondering if it's. >> time to start nibbling on first solar. >> it is a very inexpensive stock, i'm telling you, i'm still reeling from the fact that that nxt next tracker should actually report an upside surprise tonight. and if that if i when i look into that and it

says that it's good for solar, i will tell people who belong to the charitable trust to cnbc investing club, whether it's time to get a little more aggressive on solar. and let's go to richard in california. richard. >> hi, jim. >> i've called you. >> a handful of. >> times over the past year on my favorite stocks. last time we talked, i was so excited to tell you about the wonderful i. >> sales and. >> for business growth. you simply said, rich, it's up 100% in the. >> past year. >> wow. >> you are right. >> the stock came in quite a bit. >> now it seems. >> to me with the core business growth of 10% per year and the digital platform of 30%. per year, the stock is a screaming buy. it's also. >> best in breed. >> and truly, all health care really can't be relevant without imaging. how do you feel about me. picking up on this. >> dip on radnet? >> well, i'd like to see some sort of i mean, the stock did bounce $2 today. i know that you know what? it's a very expensive

stock. i've been i'm trying to sell a lot of ge ge healthcare if i can just because i kind of just feel this group is just not strong enough. that includes this one. let's give it a pause for a second. let's see if it can't find a bottle, a bottom for more than just one particular day. but i understand it was a great stock for a long time. i need to see a real bottom. let's go to stanley in california. stanley. >> hi, jim. happy new year. >> same to you, stanley. how can i help? >> great to. >> speak to you. i've been watching you since 2005 or 6, when you called the ap the stock of the year. >> that's how. >> long i've. >> been. >> watching you. >> allegheny technologies. that was a. great play on stainless steel. it really boeing was ordering a ton of it. >> so my. >> question is. >> do you think it's. >> a. >> good time to. >> start a position. >> in w m waste management? >> i don't know. >> i like waste management very much. i think it's an absolutely terrific stock. i think jim fish is a remarkable ceo. and the answer is absolutely yes. i would start a position right

now. and that, ladies and gentlemen, the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, is it time for investors to set sail? cramer is breaking down. why? now is the time to buy the cruise stocks next. >> booyah jim. >> your integrity makes you. >> the brioche saint of wall street. booyah jimmy choo. >> booyah jimmy choo. >> booyah jim. >> quadruple. that's a lot of >> quadruple. that's a lot of booyah. carl: believe me, when it comes to investing, you'll love carl's way. take a left here please. driver: but there's a... carl's way is the best way. client: is it? at schwab, how i choose to invest is up to me. driver: exactly! i can invest and trade on my own... client: yes, and let them manage some investments for me too. let's move on, shall we? no can do. client: i'll get out here.

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>> make a change today. >> at forhours. com. >> we would. >> love for you to be our sugar mama. >> right baby? >> i knew that i was going to succeed beyond my own dreams. >> well done barbara. >> you are. >> my queen. >> shark tank coming up next cnbc. >> we make sure the club members get the access they need to make more informed decisions. >> jim cramer gives you much more than you would ever get from any advisor. it's more than a club. it's an opportunity. >> go to cnbc.com slash join jim. >> we're also focused on the impact of deep sea on the tech sector that we seem oblivious to the opportunities surrounding us, opportunities that are a lot more straightforward than figuring out whether we need more power plants or fewer data

centers, and more downside for nvidia. stock and bond. those are really hard questions. i much prefer the easy ones. i want the obvious. i take the stock of royal caribbean, which soared 12% today. what did they do this time? well, they reported a huge upside surprise. but the spectacular increase in the revenue they generate per available cruise day. how about this, jim? unquote. momentum continues in 2025 with bookings accelerating since the last earnings call, resulting in the best five booking weeks in the company's history. oh, and you want some excitement that got the analysts totally jazzed in 2027. royal caribbean will introduce river cruising with ten new ships to take advantage of a fractured market. this double digit growth over the last decade, these guys have a tremendous reputation, so it's easy to imagine them gobbling up market share, which allows the analysts to raise their estimates not just for now, but for what we call the out years. you know, the funny thing about royal caribbean and the whole cohort of cruise lines, they're

so great at what they do that the analyst estimates never seem to catch up with their earnings power, hence the long string of better than expected numbers and subsequent monster rallies. maybe wall street keeps getting taken by surprise because let's face it, this industry is full of snobs who don't understand the appeal of going on a cruise. in fact, they probably wouldn't be caught dead on one, which is why they can't get their heads around these stocks. so what's the appeal? as jason liberty, royal caribbean's buoyant ceo, laid out in the conference call, consumers place significant value on visiting multiple destinations. and this is even more important to millennial and gen z consumers. end quote. meanwhile, the macro environment. liberty says, favors experiences over things as leisure and travel spend continue to grow. hey, to me, it means the cruise lines were cyclical stories before covid, but now they've become genuine secular growth plays and they may stay that way for a generation. many investors can't bring themselves to accept that cruises have gained so much adherence in such a short period of time, but royal caribbean reminds us that travel is a $2 trillion business. cruises are

considered an amazing value within that 2 trillion. no wonder disney's plan to double its fleet size in the next six years. plus, the cruise companies like royal caribbean, norwegian and carnival have become incredibly disciplined about not adding too much capacity at once, which makes the industry much more resilient than it was before covid whipped them in shape. they used to have too many ships coming online all the time. stepping back, i think the travel and leisure stocks remain undervalued because so many analysts keep thinking this story just can't last. american express the phenomenal stock because people can't. they think that travel can't maintain this incredible pace. yet all it does is accelerate. same reason why marriott stock keeps climbing. one go one step further. it may be a good reason to start buying some boeing, because it's now only one quarter away from a big earnings breakout. i don't think most money managers are going to wait for that to happen. they want it ahead of time. of course, not everything is rosy in travel. while i like delta, united and alaska airlines ways to play travel, there's still some laggard, haggard companies out there that can act like skunks at a profits party. that's what jetblue was today, with its terrible earnings and outlook that caused that stock

to lose over 25% of its value in a single session. still, one more reason why i always like to say i'd rather own shares in the worst cruise line than the best airline. oh, i also like to say there's always a bull market somewhere. i'm trying to find it somewhere. i'm trying to find it just for you right here >> welcome to the shark tank, 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." this is "shark tank." ♪♪ that regularly brings a happy surprise to your mailbox. ♪♪ hello, sharks. it's a pleasure to make your acquaintance. my name's bryan deluca. and i'm matt mclard. we're from the great city of dallas, texas, and we're seeking $250,000