states available. >> it's really amazing. how far dublin. alaska. >> hawaii. >> i mean international. >> yeah. we're. it's crazy. we're psyched up. >> i do. melissa. good. and you're. and i'm happy you're feeling better. boy. boyd. gaming. >> all right. excellent. see you tomorrow. mad money 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 make you a little money. >> my job. >> is. >> not just to entertain but to educate and teach you. so call me o matters. and that's true for tech certainly after the bell.

nvidia delivered just a terrific set of numbers. but we. must admit to a new pattern that can even transcend the likes of nvidia as we saw today. when the market soared the morning. full head of steam for virtually every stock until the market crashed into a brick retaining wall. average reversing hard. dow finishing down 180 points as to be rising 0.0 1%. nasdaq advancing 0.2 6%. it was up so much more than that. the brick wall. the president of the united states. yep. we were flying high midway through the high bank oval when president trump started talking in a televised cabinet meeting, and it didn't take long for him to be to talk about his obsession. tariffs. president knows that many countries run trade surpluses with us, and he's determined to change that. so we are beginning to understand that when there's a camera, there's a tariff discussion and it's beginning to wear investors down. you doubt me? oh, look at this. look at this. the market's coming around the first turn. all right, here we go. it's flying. and then boom. okay.

boom. 12:00 meeting starts. just goes down and down and down and down until about 2 p.m. why? because then we're kind of the coast is clear. and the president might not talk again, but it doesn't save the day, does it? so a beautiful day. and then right here we get right into where we're about to have that discussion. boom. we have a discussion. and bang! now we get a great set of numbers from video tonight. and then we all have to wonder what they matter tomorrow. will they matter if the president ruminates on taiwan tariffs or china tariffs? 2550 who knows if it will matter. now, speaking as a citizen, i have no problem with these tariffs, if only to protect against unfair trade practices. but as someone who cares about the stock market, i can tell you that we're entering a new, more mercurial world where we have to start worrying about the president's public appearances because we don't know which country, which continent, which ally he is going to attack next. maybe in this sense, the russians are lucky. in 2021, they ran a $23.3 billion trade surplus with us. now that's way down thanks to

the sanctions we hit them with after they invaded ukraine. no matter, this market's decided that as much as it matters if there's good news like nvidia, what matters more is that we have very little certainty on trade policy, aside from the fact that the president loves tariffs as much as he loves making headlines. now, i don't want to obscure the company with a stock that i always say own. don't trade in nvidia. after the close, it was a very good quarter. everyone thought this would be the most eventful quarter of earnings season, but it was a nonevent. why? because it was terrific. and jensen huang gives us terrific numbers. he's about as steady as the president is mercurial. the company put up solidly better than expected sales and earnings with strong guidance for the quarter driven by the strength of the new high end chips. blackwell chips. fantastic. bravo. while we still have to worry about tariffs and export restrictions, i have to tell you the numbers were excellent, but let's talk about another situation. let's talk about apple, okay? apple is america's greatest company. the other day, ceo tim cook committed to spending $500 billion in the united states over the next four years. cynics are telling me that that's not a real

narrative, but that's wrong. they say it was planned ahead of time. that's wrong. i say, who cares? the commitment is terrific. hey, a lot of that could have gone to india, but apple could they. did they get any sort of immunity? of course not. they could be hurt by tariffs tomorrow. it seems wrong to me. maybe that's why apple stock got hammered today. it ended up down $6.68 or 2.7%. when i searched for any reason, any reason, all i could come up with was one explanation tariffs. sure, apple is an american company. it's going to make a lot of things here, but it gets a substantial number of its parts from taiwan and manufacturers a huge amount of products from cell phones in china. because of the president's somewhat arbitrary nature. it's very hard to own apple here now because you do not know if the president is going to attach tariffs to taiwan. it's not more tariff than the people's republic of china. is there any assurances you won't? what will that do to apple's gross margins? can it afford margin deterioration when its stock trades at 33 times earnings? that's why the stock went down. these are the musings of someone who actually likes the stock very much. who says owning it don't trade it and thinks the company is sensational. i just cringe now when the president talks about

this stuff again, not because i'm against tariffs, i'm in favor of tariffs. i like targeted tariffs. for example. it's outrageous that china exports steel to mexico in order to evade our tariffs and then ships the steel here. got to try to close that back door. but what do we do with the cars when we make in the united states. they go back and forth over the mexico border. when we make them, we don't know. and that's a big reason why general motors trades at less than five times earnings. just extraordinary cheap. it's a big reason why ceo $6 billion buyback today. the stock which is down 9% for the year had a quick bounce. but it gave up a big chunk of it. tariffs. we never know when we're going to hear about tariffs next. but we do know they're coming. and we know that no stock is immune. tariff talk is so pervasive so overwhelming. so in your face that we even stopped discussing what dominated our discourse for years, which was the bond market. long term interest rates have plummeted. the ten year treasury, which not that long ago seemed to be headed toward 5%, is now slouching toward 4%, finishing at 4.25% today. that's insane. especially when you remember that we have kept keep having gigantic bond auctions.

what happened to all those five percenters? they probably go to palm beach boy taxes a couple of months ago. if we got this kind of action in the bond market, stocks would have exploded higher. you'd probably be making new all time high. after all time high. after all time high, nvidia would be up 25 points today. the bulls would be running free trampoline, any bear in sight. but now nobody cares because rates are coming down for the wrong reason. that's right. it's because of tariffs. because of worries that trump's trade policy will do real damage to our economy. a huge amount of money is flowing to the tenure, because the tenure may be the one piece of paper in this entire country that doesn't go down when the president speaks. in fact, the president has become the bond market's best friend. i don't want to be a heretic in a market that's gaga for nvidia. but i think bonds represent safety in a world where the president, not inflation, has become the chief impediment to higher stock prices. too many companies can be tariffed, and they very well might be. there's just way too much fear. look, i've never bought into the dogma of free trade. i am not a globalist, but let's face it, spain is a better market. a 15%, france up 10%, germany so troubled 14.5%, china roughly flat this year. but it's made a big recovery, up 8% from its january lows. while i expect

all these markets will eventually experience the wrath of president trump, they don't suffer from an almost daily barrage of tariff talk. or let me put it another way, at another time, this market could have handled poor results from nvidia and still going higher pretty much just because of the treasury yields, because that's the sign that we've got inflation under control. but the bottom line here it's not happening. the market's not happening. it's not going higher because we know the president could come out any minute and rock this market with a new tariff on pretty much any country where we have a trade deficit. and that is most of them. it's time to give the tariff talk a break, if only to celebrate nvidia's stupendous quarter, apple's tremendous commitment to this country, and all the great things that united states companies do for all of us there. ian. in florida ian. >> hey. >> booyah jim how are you doing. >> i'm doing okay. how about you ian. >> i'm doing excellent. >> thank you jim third time. >> caller and investing club member. >> excellent. thank you. thank you very much. >> jim. i wanted to ask you i wanted to get into cybersecurity

and. >> i've been looking to enter for a while is palo alto networks. >> what do. >> you think about this levels right now? >> really interesting question. kessler put up a really good quarter. the headlines were out immediately before they even read the release. sellers came in. had they read the release, they would have realized it was fine. i like palo alto very much. it's a great way to get involved in cybersecurity. ian, good work and thank you for being member of the club. robert new york robert. >> jim. >> jim. >> how are you. >> doing tonight? everything's great. i got to tell you, i want. >> to. >> say one thing. >> before i get started. >> jim, that you have you have basically. >> saved. >> all of us money. >> do you know why? >> because you use. >> a word that's so important for. >> the wall street listeners and the people, the common man. diversification. >> and it is important. >> and it's so crucial. but i just want to remember i just want everybody remember that. >> word diversification. >> you know. >> because if you had all, you know, if you had all, let's say, the foods and drugs, you thought you were doing great, you just got obliterated this year, we could have a big if the

president slaps tariffs on taiwan and china that are really big, you get obliterated in tech. so i agree with you and i thank you very much for that. how can i help you now. >> thank you. okay. this next. >> company is. >> taking a. >> page out of amazon's playbook. it's easy. >> to. >> set up and integrate this company and provide services for both digital and physical platforms. it was built with digital in mind, and it's trying to position itself as the go to destination for omnichannel retailers. and this is where retail is headed. at one. time this was a very big high flier, and i think that it still can. >> go higher. >> jim, and i need your guidance for shopify. >> shopify boy, you i tell you, you everything you said about it is totally true. it is absolutely the right thing. they are very easy to set up. they are the ones that every single entrepreneur that i know is on shopify. and i think you nailed it. i know that the last quarter, people misinterpret it and they send it down. why don't you wait until they report it again? that same thing will happen, and you'll be able to have a better opportunity to buy it than you have right now. and thank you for those kind words.

and yes, diversification is king right now. there's just too much uncertainty around the president. you got to give us a break, mr. president. just give us a break on mad money tonight. salesforce is on the move after earnings. i've got the ceo to break down the numbers. and the company is expanding partnerships. then axon flew higher today on last night's report despite its big pullback. i don't miss my exclusive to see if this stock has even more room to run. and later on tech. could that be a standout in the cosmetics space which we know is so weak? i'll talk to the cfo following a fourth quarter. top and bottom line beat. so sorry i'm overheated about this, but i know what could happen in this market. i know how great it could be. stay with cramer. >> don't miss a second of mad money follow jimcramer on x. have a question. tweet cramer hashtag mad mentions. send jim an email to madmoney.cnbc.com. or give us a call at one 800 743 cnbc. miss something. head to

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starts. that's my secret. >> to better. >> odor control everywhere. >> what the heck is happening with the stock of salesforce tonight? when the cloud software came in, reported the stock was all over the map, people seemed genuinely confused. i said, we have to try to clear it up. how concerned should we be? let's take a closer look with marc benioff. he's the co-founder, chair and ceo of salesforce to find out. mr. benioff, welcome back to jim. >> how are you. >> it's great. >> to be with you. >> always thrilled to see you. i see great things here. i see margins going up far more than i thought. i see the revenues just terrific. i also know you're a cautious person. no sense to be able to say, listen, given the currency, who knows what's necessarily going to be. but i'm going to give you the floor to see if i see it correctly. >> oh yeah. >> jim, this. >> was the. >> best quarter.

>> we have ever had. i mean, look at this fourth quarter result. this is our first $10 billion quarter. incredible. i mean, we had more than 400 deals over. >> $1 million. >> but the. real story in the quarter. >> jim, is none of that. and yes, you could. >> talk about foreign exchange. we lost a couple hundred million. dollars there. >> but the reality. >> jim, is agent force, this is just the beginning of an incredible. new chapter for sales. >> is it possible that we see a lot of people still kicking the tires asian force? because i'm hoping for that avalanche of customers, but it is a hard thing to do. i and you have to convince some people. are the people being convinced? >> no, jim. it's already. >> been an avalanche. we're digging our way. out of that. >> i mean, jim. >> we. >> did 5000. >> deals for agent force in the quarter, 3000 of. >> which were paid. >> and some of our largest and most important customers are. >> already deploying agent force. i've never seen anything go faster. it's really been incredible. and i. think you've even been in touch with some of the ceos of some of these. >> companies, like lennar. i

mean. >> this has. >> got to be one. >> of our nation's largest and. most important home builders, and they've been a great salesforce customer. >> for eight years, running. >> their sales and. >> service and. >> marketing and everything great. with lennar. >> but jim. >> now they're deploying agent force. and the. >> story is incredible. >> you know they came to dreamforce just like you did. they went back to miami where their headquarters is. and then all of a sudden what they did. jim was. something really cool. they did a hackathon to. >> figure out what should they be doing with. agent force. and they. found these incredible. >> use cases. >> like they could provide 24. >> seven. you know, customer support for all. >> of their homeowners. >> and they could sell. >> them mortgages. >> and they could do insurance. they had a huge list. and so, you know, their two. >> co-ceos, stuart. >> and john, got involved and put it together and prioritized. and i think we're going to transform. >> well, let's totally. >> i think the world of stuart, i thought the world of his dad. i've known the company for 40 years and it's one of the best run. and i argue the toll could

be given a run for the money. but to the other homebuilders, i'll be thinking, what is our secret sauce? because are they able to take people who would not be that important in the operation and pull them and make them more important? >> well, our. goal is very simple. >> jim, which is. >> to make them a lot more. profitable and to raise their revenues dramatically. and you'll have to talk to. >> stuart and john directly. >> about the financials. but it is. >> really cool. >> i'll tell you another great story in the quarter with singapore airlines. you know, one of my favorite airlines and i great country of course. but a great way to get there is singapore air. and they are deploying an agentic layer across the whole airline with agent. force so they can deliver just 24 over seven world class singapore air quality service and capability. and that was really awesome to see a, you know, a customer and another country do a huge global deployment. this is going to be incredible. and we saw lots of

other customers even deploy on the web and in twitter and all these places. without our knowledge, companies like equinox and remarkable as well deploying rapidly. >> let's talk about doctor albert bourla. we both know him, pfizer, one of the largest drug companies in the world. i google pfizer with the fever and what comes up? well, it turns out that pfizer is reimagining the content supply chain at light speed at veeva. but i see that you're their provider. >> jim, this is amazing. we have our new life sciences cloud, and i'm talking to the ceos of every single life. >> besides pfizer. will you have others? >> yes. pfizer signed. oh, jim, we have more than. >> you know. this is the. >> fastest growing vertical. a great. >> let's talk about pfizer for just a second though. albert is amazing. you know that. but the big exciting news here for them is a whole new way to do everything from direct to

consumer interaction to clinical trials. this kind of agentic layer, it's integrated into our life sciences cloud. jim. so our life sciences cloud, of course, is built on our customer 360 apps, which are sales and service and marketing and commerce and our platform and tableau and, and slack and then our data cloud and then our agentic layer. those are our three layers our apps, our data, our agents. and that is all one piece of software jim. >> that's amazing. >> and they just take that. we repackage it as a life sciences cloud. and yeah, you get a whole new. >> gross margin is great for pfizer. now if all these are the case, why didn't you say that your revenues could be $1 billion more during this fiscal year? >> well, jim, we are now only the third software company ever to deliver in the 40 billions. that is incredible. >> you know, there's a fellow. do you know a fellow by him, frank? >> uyghur singles. >> true.

>> but there's. >> another guy in terms of. >> we're now in the 40 billion. >> that's great. but there's someone up there even higher. >> and the margin and cash flow also is awesome. we're going to deploy. >> margins in the 30s. i love that it was in the 20s before you, cfo. these are all great. but i wanted to ask you something. there is a company called microsoft and there's a fellow i don't know him, frank shaw. he seems to not care for you. he is saying that you are a great marketer. he is saying that you are attacking copilot. you're obsessed with copilot. that's their product. i don't know what to say. what he calls it a borderline obsession. he doesn't go and say it's a full obsession. >> oh, they've just got a really good case of agent force envy there at microsoft, don't they, jim? it's kind of amazing. you know, that's. this is what i was meant to be. you know. i've seen it, i like it. >> i'm waiting for more. is it the same two commercials and heavy rotation. how about another ten commercials? >> jim i think there's two more coming and it's going to be very exciting. everybody loves these commercials with matthew mcconaughey and. >> woody harrelson. >> they're a big customer.

>> come to. >> you. >> for product. >> more customers come to you and say, okay, what exactly are they doing here? i don't get it. it seems funny. it's like an open table, which we know because brookings told me that they loved you. but i'm trying to figure out what someone's doing when they see that ad. >> this has been the biggest brand development vehicle we've ever seen for our company. you know, we've always done tv advertising and print advertising, but this is our most successful. i've never had so many people ask me about these ads. so it's worked perfectly for us. and look, the big story is the success of the product. even us at salesforce, you know, we put the agentic layer you might remember in a few months ago, we've already done 300,000 customer interactions with it. it's incredible, dramatically lower our cost on customer support and service. now we have the new one coming for sales. we're able to grow your revenues as well. it's this is a revolution. and here's the thing, jim, for the last, you know, 25 or 26 years now of salesforce, we've been have a total addressable market of

several hundred billion dollars in enterprise software. but you saw ark just said that this is a 3 to $11 trillion opportunity in digital labor. that is the big high level story. we're moving from being a provider of software to help companies manage and share their information, to being a provider of digital labor. so in each of the customers that we just talked about in the example of lennar in pfizer in singapore air, in any of these companies, we're not just providing them software to help them manage their data and help them manage their, you know, workforce. we're creating new digital agents and digital workers who are going out and providing capabilities directly to their customers. that's a huge new opportunity. >> let's distinguish between what a copilot could do for a pfizer or a lennar, and what what agent force can do. can you tell me what you think their differences are? >> well, jim, i think that is really the core issue. look at salesforce, go to

salesforce.com, jim, and you're going to be able to use agent force or go to remarkable, or go to equinox or go to one of our other customers. and you're seeing and using if you go to microsoft, can you use copilot? are they deploying it in their company on their customer support? no. and by the way, that's their customers example as well. look, copilot has been a huge disappointment for customers. you know that. but look at right at microsoft.com. and if you can find it running, please would you send me a screenshot so i could see it? because i've been looking for it for a couple of years. i can't. >> see it so far, not haven't seen it yet. i do want to ask about your. >> yeah, jim. >> i know. >> it's crazy to ask you about the executive changes because they're exciting. and i will miss amy, who's sensational. but why don't you introduce in this call your new cfo, who is someone i've known for many years from afar. but a spectacular. >> well, she's right here. actually. my office. i should try to get her to come over. and of course, it's our really incredible long time board

member, robin washington, who everyone knows was a great cfo of gilead. one of the great cfos at hyperion, was one of the top financial executives at peoplesoft, is a board member of google. so many incredible things. she's well known through the whole industry, and we did a really comprehensive search for our new cfo and coo, and we used heidrick struggles. we looked we had some great choices. and at the end of the search, rob and i were talking and i said, robin, wouldn't you love to do this job and get back in the ring? and come on, let's, let's go do some great things. and she's like, yes, i'm going to join you. so i couldn't be more excited. she's right actually right here. and i couldn't be happier. so i hope we maybe we'll she's a little bit shy. she's not going to i don't think she's going to come right over. >> shy with the activist. >> i couldn't be more excited. >> very much involved. but she wasn't shy with the activist she was very much involved in. >> oh, yeah. you know, she was by my side, jim. we talked about that. she was by my side and they love her. and of course, all of our investors love her.

she's had such a great success with so many. >> well tell her best of luck. and mark, congratulations on a great quarter. and i'm going to go hunt the i'm going to go hunt for screenshot of copilot. >> jim i think you really should. i think it would be you could text me jim. you know i'd love to see it if you. >> don't sleep. i'm just going to. >> but you know where to find it on salesforce.com. >> you know, i play with it. >> and, you know, i. >> want to see it on any of our other customers. i'm happy to show you agent force in action, helping them to lower their costs, make more money. i mean, this is a digital labor revolution, jim. it's incredible. >> we talk sex again because that was such a great presentation. all right. >> another great story. >> all right. fantastic. that's mark benioff ceo of salesforce. look i think i think the rev's. >> martin was. >> our. best quarter ever. we're so. >> excited i agree with you. but then again i own it for my chapel trust forever. and i'm not making any changes other than if it was where it was earlier. we would have bought some. thank you mark, great to see you. >> bye bye jim. >> great to see you back after the break. >> coming up, an interview, in

the interest of public safety and security, don't miss kramer's conversation with axon next. a cnbc special report in video reports earnings and john ford interviews ceo jensen huang i strategy chip demand plus post interview analysis a cnbc special report next on cnbc. >> cnbc live ambitiously. >> for me. squawk box is breakfast with most interesting people in the world. >> it's a privilege to get to talk to. >> them every day. >> it's more entertaining. >> than. >> any other morning show, but you might get some. >> useful information. >> squawk box weekday mornings, 6 a.m. eastern on cnbc. at capital group, we see active. >> etfs differently. we collaborate. >> designing them to remain strong, preparing them to weather the ups and downs of the market. that's what sets. our

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>> leaders on high points. >> inspiring campus. >> and parents appreciate hpa's >> and parents appreciate hpa's god, family, and country values. (traffic noises) (♪♪) the road to opportunity. is often the road overlooked. (♪♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. what happened last week. these high flying momentum stocks collapse. axon enterprise didn't. this is one of the best there is. company formerly known as taser international now is a big police body cam evidence

management software business. phenomenal growth. yes it was actually the new the strongest revenue guidance in history. but last night axon reported the quarter that we've been looking for an excellent full year forecast. stock rebounded like crazy today up over 15%. that said, it's still down nicely from its highs. and if you believe the company can keep putting up great numbers, well then this might be still a good buying opportunity. don't take it from me. let's check with old friend of the show, rick smith, founder and ceo of axon enterprise. get a better sense of the quarter and what's going on. nick, welcome back to mad money. >> hey, jim. >> it's awesome to be back. >> oh, it's terrific to have you. before we get into these these stellar numbers, i want people to be familiar with you. and the best way to do that is for you to tell us about your moonshot goal. >> yeah. >> we are on a mission. >> to make. >> the bullet. >> obsolete. >> and specifically. >> cut gun. deaths in. >> policing by. >> 50% over the next ten years. we do that with tasers, body cameras, cloud software. >> and now. >> we've got. >> an ai business that's on fire. >> tell us what the ai business

is doing. >> well. >> basically. >> we have a million cops wearing. >> body cameras. >> those cameras are the eyes and ears. >> of law enforcement. >> we can use ai to write. >> their police report. >> to. >> do real. >> time language translation. >> to help investigators sort. >> through. >> you know, hours. and hours of video very quickly. so basically, if. >> there's ever. >> an application for you can use ai. >> it's on. >> our data set. that is the world's. >> largest data set of. >> audio and video of police. >> and i want to tell people there's a seven minute video on his website that is so extraordinary. it's going to show you everything and you must, must, must watch it even if you don't want to buy the stock. one thing you say very upfront in the conference call, but also in all your your documents, please love having the body cam. tell us why they would like it. because i think they're probably some people say, wow, why would they ever want that on? >> well, i'll tell you this. i had a. >> police officer told me once he. >> was accused of raping a subject in the back of. >> his car. >> he had the body. >> camera on the whole way back to the. police precinct. think about. >> what that did. >> think about.

>> the with. >> that saved him from having to. >> try. >> to disprove. >> what otherwise. >> could have been. >> an. >> you know, unprovable. >> police officers get accused of. >> all sorts of. >> terrible things. >> and look, a. >> very. >> very small. >> percent of the time police. somebody does something terrible. but this camera, if you're doing the right thing. >> it protects you. >> from all the nasty, terrible things. >> people might accuse you. >> of having done. >> rick, one of the things that we all know if we ever watch cop shows is that they hate coming back and having to type reports. they often talk about how and i know in real life, because i talk to them that they're so much of their life is just been typing up reports. but i saw something remarkable. i know that's ai that they kind of typed themselves. >> yep. >> we take the body. >> camera video and. >> we. >> feed it into ai. and it takes the transcript. and it does the first. >> draft of the. >> police report. >> so look. >> at this. a police officer on. average spends half their day doing the job. they love being a cop. the other half of their day they're sitting down writing reports. we cut that in half. >> it's like. >> for police officers, it's game changing. they get to do the job they love. and for a police department, it's like a

50% increase in their manpower like that because they're out doing police work, not sitting. >> right in report. >> you're taking the growth in cities incredible and actually accelerated revenue growth. some something that i think might help that you can explain to us that it does cut down these very long jury trials. because if there's a photo, if there's film, what happens? >> you know, what. >> happened without it, you've got to do an investigation of he said she said, like, think. about ferguson, missouri. remember that famous shooting over a decade ago? >> there were two. extremely different stories. >> if they had a body camera. that was the incident that put body cameras on the map. after that, everybody wanted body cameras because nobody knew what the hell happened and everybody had an opinion, but nobody had the facts. with a body camera, we know what happened. >> okay, so how prevalent where are you now? overseas. because it seems like a natural to be an emerging markets europe everywhere. >> yep. >> i'm in madrid. i was in norway this week. ireland. so we're getting a lot of international. keep your eye on the nordic countries. they are

doing fantastic work on taser weapons. i think they're going to play a key role in when we talk about making the bullet obsolete. i think the nordics are going to lead the way. >> why? >> well, to be honest, they've got a history of being very tranquil countries, but now they're dealing with these massive immigration problems that are spiking crime, spiking violence, but they're not gun cultures, right. so even the police themselves are like, they're generally unarmed, but they need something. and so the taser for them is a great option. they don't want to have to go up to suddenly be carrying guns in their daily duty. and the new taser ten is a game changing option for them, because it gives them something other than a like a billy club and getting in a physical fight. >> well, i think some people were wondering about demand. can you make that taser model fast enough? >> well, we have not been able to make it fast enough yet. that's a great problem to have. we're still working on it. we're hoping capacity catches demand this year. >> and just one last thing. when

i look at this time, i couldn't believe it. you're now doing drones, and the drones make so much sense. i can't believe that we never did it before. they are really catching a lot of criminals. >> oh for sure. >> drones is the next big thing. but our current big thing is ai. the ai services we launched this year are selling five times faster than any product in our history. and that's in dollars, not in hype. so five times faster dollar bookings in their first year than our previous fastest selling product. it's so exciting. >> well, rick, when i first met you, you were a taser company now, and you told me you would be a software as a service company. you're far bigger than that. congratulations to you. rick smith's, the founder and ceo of axon axone enterprise. boy, it's good to see you. good. really is. >> it's awesome. >> to see. >> you, jim. >> we'll see you in person next time. >> thank you. let's do that. mad money back after the break. >> coming up, does the cosmetic space have a good foundation? kramer's finding out with the cfo of oddity tech next.

>> we're not about trading. we're about investing. >> jim kramer is an excellent teacher for someone that wants to learn how. >> to. >> manage their own money. he teaches how to invest. >> versus just. >> what trades. >> to make. >> to make. >> it's [sfx: wind, rain and rolling thunder] with the vision to see what's possible and the grit to make it happen, morgan stanley can help create the future only you can see. [crowd cheers] [music out] (man) robinhood gold members get an ira transfer boost of 2%. when you transfer in an ira or old 401(k) by april 30th, [crowd cheers] robinhood gold will boost it by 2%.

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i'm frozen from the start. frozen from the start. >> lately the cosmetic space has been truly awful. we've heard real bad things. yesterday, lauder for ages. and more recently, even the operators like elf beauty have fallen apart. but even in this industry, there are pockets of strength. last night we got results from oddity tech, the direct to consumer cosmetics play. and the numbers there are phenomenal. we're talking 27% revenue growth and a 7% earnings beat off a 13 cent basis. even better management said their momentum has continued in the new year, which is why they gave such strong guidance for both the current quarter and the full year. well, i actually pulled back slightly today. that's only because it rallied more than 5% yesterday. going to the quarter. and if it keeps putting up these numbers, i bet it's got a lot

more upside. let's take a closer look. lindsay drucker mann, the cfo of oddity tech, to learn more. welcome back to mad money. >> thank you so much. thanks for having me. >> okay, so we got to ask you right up front. this is an industry that everyone tells me is challenged. i look at your numbers. they don't seem challenged at all. what's going on? >> so it's. >> a great question. it's the question, really. a year and a half ago, when. >> we. >> went public and i sat. >> and met. >> you for. >> the first time on the show. >> i told you that we believed we operated. in one of the most attractive. >> and lucrative markets in. >> the world. >> and that it was our mandate to transform. >> it with technology. >> and entrepreneurial. >> thinking. >> and to build one of the biggest beauty. >> companies on. >> the planet. >> and that's. exactly what we're doing. we believe that incumbents. >> are behind the curve. they're not where the. consumer is. >> meanwhile. >> we've invested aggressively in technology. >> we focused. >> our businesses. >> in the areas that matter. that's namely the. >> shift online. we think that's going. >> to be. >> the biggest market in the entire channel. it could double in penetration. >> to about. >> 50%, which. >> is where we think it. >> will. >> land. >> but also products that really

work, products that solve their pain points. >> now, like maquillaje, which is a gigantic product that is just gaining strength. how come that's such a success? >> maciej, this. >> year in 2024 crossed. >> the $500 million mark in revenue. >> makes it one of the single largest beauty brands. >> in. the country. >> even though the business is all online and all other beauty brands. effectively are distributed through retail channels. wholesale channels. it's simple. >> she wants. >> to shop online. it's been impossible to do until you. >> have real data. >> real technology. and we also focus not just. >> on the tech, on. >> making product that she really loves, that she. >> comes back to. >> again and again and again. >> i would think that because of oddity labs, we could have a multiyear channel. i think these are great. and you say repeat sales are a great indicator and they're fabulous, but you've got a pipeline to just like a drug company. >> absolutely. the oddity labs is an endeavor we took on in 2023. we acquired a biotech. called ravella. and on top of it, we stood. >> up an actual biotech. >> a biotech. yes, it's right. >> in kendall square. we have an

elite group of scientists, 60 scientists today, building 200, and their mandate is to take the best technology pharma grade technology, including using artificial intelligence for molecule discovery. but instead of finding the next therapeutic and drug discovery, it's use that technology to make the best beauty ingredients, the best delivery mechanisms to create the best products that have ever existed. >> now i want to go full circle. come back. you have great technology. and you said, listen, besides technology, whatever. but why aren't the other guys copying you? i don't talk, i talk to all of them. they're not technology companies. >> i think. >> it's really. >> it's easy to talk about. >> hard to do. one of the bright spots all of them talked about on their earnings results was online, is really working for them. but in order to figure out direct. >> to. >> consumer and not just sell through amazon, you need real technology. you need real data. the way that our business works, if we is, we are able to replace and improve upon the experience you would have in a store. but instead of an associate, we have machine models that help find

out what you need match to the right product. we have video on demand to show you how to use it. all of that is really difficult to do. >> and there is a huge percentage of people who would like to do this at home and not in a store. >> absolutely. >> that's that's the beauty as a category, one of the original insights our founders had was how is it possible if beauty is number 2 or 3 on insta, number 2 or 3 on youtube, and the consumer is online, but most of the transactions are happening in store, there's a disconnect. and what they realized was she needs help. and with technology, they can actually help her in a way that was never possible. >> you're the cfo. one beautiful balance sheet. two brought back a lot of stock. >> that's right. we bought back over 10% of our float last year $150 million of share buybacks across 2020 for about half of the business floats. so we took out a big chunk of it. and we think our stock offers a compelling value. it will be opportunistic. >> now what i understand is where people find you is online. it's not like you've got $1 billion budget for ads. at the same time, you're up against companies that do, and you seem

to be winning. >> this is not what they're good at. our business was built around we have an in-house advertising agency. we don't use third parties. we do all of our measurement in-house. our creative team is integrated with the performance team. we track everything, we monitor every single thing, and it allows us to be extremely efficient in terms of the return we get on our advertising advertising spend. plus, we're asking the user questions. we know about her, we understand the things she needs and that allows us to convert much more efficiently. >> so when is brand three coming out? >> brand three is later this year. we talked about a soft launch in q3. >> can you name it right here? it would be good. we just name it on the show. >> i will leave that to a later date to name it, but it's a telehealth platform for people with medical grade skin and body issues acne, eczema, hyperpigmentation. that's the first part, but we'll extend into other health domains afterwards. >> that's fantastic. thank you for doing that. thanks a lot. thank you. what you've done for shareholders, that's lindsay drucker, cfo of oddity tech. guys, you know, i know this space really well and i've seen

the ups and downs. these guys are on the ups. >> coming up. lightning doesn't just strike twice in cramerica. >> we are jimmy choo. booyah! booyah. >> thanks for taking my call. >> it strikes every day. cramer is back in a flash with your questions next. a cnbc special report nvidia reports earnings. and jon fortt interviews ceo jensen huang i strategy chip demand plus post interview demand plus post interview analysis a cnbc only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate! ... can focus on people, not process. patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. and ai helps jim solve customer problems before they're problems. oh. so we all work better, together! my work here is done.

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choose to. >> be extraordinary. >> at high point university. >> okay, so my kitchen was more than just retro. i dreamed of a new kitchen, but a full remodel, a. >> pricey and a pain. >> then i found enhance. >> and it was super. friendly to the old wallet. >> we'll take it from here. >> guess what? >> in just. >> one week, enhance. >> completely transform my kitchen. >> my kitchen. went from drab to fab. we got a whole new style with new door and drawer fronts, new organizers, and now i have a place for everything. >> i mean. >> look at this place. it's the best. decision i've ever made. >> advanced stage liver cancer is often terminal. it is a deadly disease, but there are new treatments on the horizon that could dramatically prolong

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over. are you ready, ski daddy? time for the lightning round. let's start with jeff in new york. jeff. >> hello. mr. cramer. this is jeff from new york on the south shore of lake ontario, where winter has been brutal this year. >> oh, i'm sorry to hear that, but good to have you on the show. how can i help? >> oh, the city of rochester reported 41 straight days of measurable snow. and needless to say, the roads and the potholes are terrible. i'm looking for to buy a stock that benefit me from the repairs that i got to make to my car, and maybe help the dentist for my shattered teeth. okay, 52 week low. should i start a position in martin marietta? materials. >> i love your thinking. there is another part of martin marietta's business that is about housing and housing related areas, building new roads there, and that's what's keeping this from working. i think you got to wait to see the quarter. i know you're going to wait to the end of april, but i want you to do that before you pull the trigger. let's go to christian in texas. christian. >> booyah! jim i'm a christian. what's in my 20 oh, i'm an investor in my 20s. and i'm willing to take on a little bit

of risk. what are your thoughts on serve robotics? >> that is a very risky stock. i would normally advise people to either do tesla. i know that's become a very risky stock, or nvidia, which just bought a nice quarter, but because of your age and how you feel about it, i'm going to greenlight you, but only for someone your age. let's go to jeff in connecticut. jeff. hi jim. always watch your show i love it. thank you jeff thank you. i bought a stock and made a little money on it. i wonder if i should take some money. >> off the table. >> on badger. >> beta bmi? >> no, that is just one of the most steady as she goes companies. i actually like agilent more than badger meter, but i think it's a terrific situation. i would hold on to it. test and measurement has to be a very good business wherever you find it. let's go to nick in florida. nick. >> jim, how. >> are you? >> i'm good. nick. how about you? >> i'm doing fantastic. listen, i appreciate you taking my call. listen, i'm a first time caller. brand new club member this week. >> excellent. >> thank you. thank you. i

really want to appreciate your time. >> and everything. >> of course. real quick here you. last night, you took a caller as to asking you about ford, and you were down on ford, and you also included rivian. and i'm really curious as to your thoughts given the current state of i. >> don't like the auto market, i don't do auto market. and while i still appreciate rivian's balance sheet, they need so much more money. i think ultimately to become a big company. so i cannot go there because i think you'll look back and say, why did jim greenlight that to me? and i'm not going to do that. let's go to terry in michigan. terry. >> jimmy. >> booyah yo. booyah to you. what's going on. >> first time. >> caller i love your show. and thank you. congrats on the eagle. >> thank you very much. >> yeah i know you've been an. >> eagles fan forever. >> i'm calling. >> about a arista networks. net. >> look i thought they reported a good quarter. i know people are worried about the meta business. i think the oracle business can make up for that. but there are other people who

feel like, you know what? everybody shoot them. right now. i think it can bounce, but i know that the comp competition has gotten tougher. let's leave it at that. and that, ladies and gentlemen, conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. still to come. it's been a long time since the market's seen this type of short squeeze. cramer is giving his take on the gamification of stocks next. tomorrow kick off the trading day with squawk on the street live from post nine at the nyse. >> i think. >> we could do two hours a day now at one hour. i'm hoping i'm upping our hours to the musk double hour. >> jensen would feel slighted. >> i don't care. >> how about alex clark you don't think he's worth.

>> they can all come on. >> the book tour might be over. >> you can come on the show, but you can only come on to talk about ellen. >> it all starts at 9 a.m. >> it all starts at 9 a.m. eastern. 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. where are you going?? schwab. schwab! schwab. a modern approach to wealth management. when i started walton goggins goggle glasses, i didn't know how to turn all this fancy pretty-ness into a classy-lookin' logo. but godaddy airo does, with its magical ai powers. it not only creates it, it slaps that sweet thing everywhere. mmm.

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interview analysis a cnbc special report. next on cnbc. >> the cnbc change makers returns. >> 50 women innovating and driving change across industries. >> find out who has made this year's list. meet the new icons. the cnbc changemakers list revealed. available now at cnbc.com. change makers. >> these days, anytime there's a big decline, the professional short sellers come out of the woodwork to cash in. now, you may not be able to see their handiwork, but i can tell where the shorts are playing havoc with all sorts of stocks. you see it in exaggerated spikes. you see it in the swoons. now the momentum trades have finally started to weaken. the shorts feel emboldened. you can see their footprints all over the place. sometimes they're obvious. apple loving a technology company that helps mobile game developers expand

their reach and monetize their games with advertising. this stock's been nothing short of amazing. in late august, it traded at $60. and two weeks ago, it hit an all time high of $525 today. it fell to $331 after a hideous. well, percent decline. that's just two different short selling firms allege that applovin has committed fraud. among so many other things, they claim that that's what's been driving the numbers. big numbers. it's like these firms waited and waited and waited for the principles of bitcoin to peak. for tesla to peak, for the nuclear stocks to peak, for all things momentum to lose their luster. and only then did they lower the boom on this red hot mobile game advertising company because it was part of a weakened cohort. tonight, for what it's worth, apple loving ceo said the short sellers were, and i quote, making false and misleading claims. end quote. and that quote, the reports are littered with inaccuracies and false assertions. end quote. but at least apple is straightforward. the trickier ones are bouncing hard here. these look like short sellers, either locking in their gains or throwing in the towel and covering their failed positions. last night we got fourth quarter

numbers from exxon, the artist formerly known as taser. as you heard. i have no idea why, but there was a substantial cohort that believe that acts on its numbers. you heard from the ceo tonight that business is humming. today it rallied 15% because the quarter was that good. i don't know what they're betting against. a few weeks ago, i heard that the consumer part of intuit was weakening. that gave hedge funds the green light to bet against the financial software juggernaut. turns out intuit's consumer business was bad, but the rest of the company is on fire. so the stock soared more than 12% today. for the last few weeks, multiple analysts have trashed workday, the excellent enterprise software company that handles human resources corporate finance. but when workday reported the numbers were sharply better than expected and the shorts were obliterated. and of course, there's supermicro and nvidia partner that offers preconfigured servers. the shorts here are betting that some people might go, which has been having internal controls and controls issues would fail to meet the requirements to stay listed on the nasdaq, something that's considered a kiss of death for most companies. great reason to short a stock. unless, of course, the company manages to stay listed. supermicro pulled it off the stock. shut up! 12%. shorts thrown in the

towel. but let's step back for a second and focus on what's really going on here. for several years, it's been too dangerous for hedge funds to aggressively short anything. ever since the gamestop affair, where short sellers were drawn and quartered, when the stock went from $4 to well above $400 like that, it's been considered reckless to short many funds, specialize in shorts, have been wiped, just wiped out, obliterated. the entire process was fraught. always because unlike buying stocks, when you short a stock, you can lose way more than 100% of your investment. consider those who bet against palantir, the data scientist consultant firm. that one went from $21 last august to $125 a few weeks ago. aggressive buyers annihilated those who thought it was all smoke and mirrors. it wasn't much of a fair fight, even as palantir has pulled back now for the last few weeks. finally, there are the garden variety shorts that are going awry. when you look at today's move in lows and yesterday's run in home depot, you should recognize that these two stocks have been going down for ages. then they reported better than feared numbers on the shorts side. enough already. let's just go ring the register so you get an outside rally on

decent results. long story short, after a four year hiatus, the short sellers are back on the scene, recognizing that they can plant stories, play havoc, cause mayhem, and also tell the truth like no other force in the marketplace. i like to say there's always a bull market somewhere. i promise you i'll find it just for you right here on mad money, i'm jim cramer. see you tomorrow. >> tonight one of the most important stocks to the market just posted its quarterly report. and in just moments we're going to bring you the ceo's first interview after reporting those earnings. welcome to the cnbc special report i'm john ford. we're the market cap of more than $3 trillion. some on wall street are calling nvidia's quarterly report a pivotal moment for artificial intelligence. coming up, my interview with ceo jensen huang, where we discuss demand for nvidia's blackwell chips and the impact of deep seek on its business. then we'll talk to our panel