that seems concerning especially because chuck robbins has been out and saying cisco is part of the a.iade. what is this miss signifial to ? >> some is macro and some is customers which bought so much and delivered to them. we went through a supply chain crisis the last several years. cisco shipped to bigger customers. they have a lot of stuff waiting to be activated. there are pressure points which should ease into next year. you have smaller pockets which have been weakening. there is not a lot of buying after awfull of the buying the t two years. >> cisco is saying the a.i. revenues are set to triple by 2025. also, a story we broke here on "worldwide exchange." cisco and nvidia teaming up with a.i. infrastructure. are those actually big deals for the companies? >> i would say right now it is still very early days. you have to remember cisco is a $55 billion business. they frame the target at a.i. at $1 billion in orders. they were talking about pipeline at 3x. what they will recognize is marginal numbers. is it a big deal today? no. will it be next year? unlikely. the nvidia partners

and chuck robbins says on the call, they are seeing a.i. start to see that in theirfiscal new year, in september. he will be on "mad money" tonight with more details about the caution in their guidance. >> kristina, thank you. kristina partsinevelos. tim, do you own cisco? >> i do own some cisco, and this can fall under the category of value trap. i mean, this is a company that, to me, in the last five years, has been transitions from hardware to software. and into security, and doing things that are high margin and very interesting. annuity-based. they should be helping the multiple. this is one of the names, if you listen to the street, there's a handful of analysts that have called this one of the great value, whatever, big cap tech stocks. so, when you hear the weak telco outlook and some of the dynamics that chuck robbins, who is very, very honest with the market, and sometimes there is a little bit of an overly conservative outlook. it is what it is. this is two quarters in a row that the numbers are really disappoint disappointing, i

caroline: what is interesting is that they missed and the stock fell and chuck robbins and said i wish could blame the rep -- the macro. and he is not blaming the acquisition that they made. brody: absolutely. $28 billion first blanche. -- for splunk. that companies will say that mergers do not cause job reductions and it seems like they usually do. they are about to bring in a couple of thousand workers and there will be overlap. most people say this is preempting some of the overlap or an environment where companies want to keep profits as high as they can. i would expect part of this is because of that acquisition. caroline: they might be laying off workers or just reacting to how the market is. if they are blaming macro, people have just sat on a lot of gear and they have not deployed it. brody: hardware takes time to install. there was a period with all of these backlogs and people could net get the things that they needed like routers or computers. that eased up and people started buying saying let me get that while i can. they are sitting on a lot of this stuff and they are not

chuck robbins, chair and ceo of cisco.fter this. >>> figure umbrellas and tea up your toughest questions. jim cramer takes on the lightning round next. >>> lightning round sponsored charles schwab. trade brilliantly. >> it's time for the lightning round. and then the lightning round is over. are you ready? the lightning round, let's start with jordan in georgia. the initial review. absolutely love the show. what is going on with mara in relation to -- >> these are all but gone. they will start going off. if you want to own itcoin, you should own bitcoin. that's my gift to you and happy valentine's day. let's go to john in minnesota. here's the question. if that's 700 home runs it's to the hall of fame, then the way you raise everybody up every day, you're a hall of fame american. >> thank you. thank you very much, man. i was going to think if he was going to guess which geyser just to hit all those home runs. but no, you're just being straight. thank you very much. >> have a question on walgreens and i will hang up now. >>

it will come up tonight, because jim's got an interview with chuck robbins, ceo of cisco.tonight. stock two, occidental petroleum. it's been a tough run, but the massive chemicals business offers some insulation from oil uncertainty. the street listening for balance sheet details following their buyout of crown rock, but you are a selling here. >> i would pair it back here. this is something that's not really a focus of our portfolio. but you mentioned the ball hans sheet, that's one of the areas i've been looking at. that's the capital ratio, obviously a little higher, the higher leverage there. for shareholders looking for that strong cash flow to be put to good use for their purposes, whether it's buybacks or actually incrossing the dividends. so we look at the leverage being used, that could be a hindrance. if you look at it from the risk perspective of prices for energy and oil, which has come down from their peak, if that trends upwards, can be another headwind. so for me, it's a pair back for me. >> and finally, burgers, apparently, are back. shake shack's investors

of jobs on friday, but it was not exactly known how many jobs would be cut, ceo of the company chuck robbins on wednesday. cisco will focus on growth opportunities like i, artificial intelligence layoffs would begin this year and continue into next, and we're taking a live look at the new york stock exchange now as trading gets underway this morning, we are shooting up about 170 points currently. >> new at six. usher plans to launch a tv drama series about his music and black love in atlanta. variety reports. the show will explore music style, romance and secrets that threaten to tear relationships apart. usher is partnering with ucp. that's a branch of universal studio group. the announcement comes after his super bowl performance, the release of his new album coming home, and before the start of his next tour. he also just got married, so we know usher is staying busy and he's staying fashionable. look at him. >> okay. oh my gosh. so much. we're getting like right. >> and usher cinematic universe at this point right? >> it's like giving us the experience every way. the vegas residency, the

that's going to be a little over 5, 5,000 employees, and chuck robbins with jim last night talking abouthere some of the weakness is coming from. >> we saw more caution with our customers this quarter than we saw in the prior quarter, which led to our teams expressing more caution in their forecast. >> he did talk about longer lead times, sara, more scrutiny of customer deals, weakness in telco and service providers. >> on the plus side, they talked about cutting cost in the form of job cuts and a.i. and using their network equipment for nvidia. he talked with jim about the relationship that they have. he was careful to say jensen called me and asked me to use the networking equipment there. they say they have a line of sight for about a billion dollars worth of a.i. networking projects in fiscal year '25. so something to hang your hat on. >> that's an instructive chart. every so often, there are unique moves in particular industries and stocks that give an investor an opportunity to profit enormously, and it doesn't necessarily mean they're going to be sustained or repeated, and you can

in terms of things that people -- david mentioned what's next in nvidia, and i am so proud that chuck robbinscisco and nvidia to help enterprise deploy and manage security a.i. infrastructure. cisco did miss the previous quarter and did not give good guidance for this quarter but have a link to nvidia. i do know that this is not strange in that chuck's got a good relationship with them but you'll see cisco up. remember, i ee iterate, not a good quarter last and did not give -- and if you remember, because he was on our show, that chuck did not give us a great forecast but have a relationship with nvidia and nvidia is touched by an angel right now. >> up ever so slicely but as we pointed out, up 40% for the year, nvidia shares, which are, let's call it flat. >> yesterday goldman's piece talked about how the second half of '24 would be a slowdown because everyone would have had their chips, the great chips everyone that talk about run incredibly fast because of the hyperscalers and metas, they said, look, the demand is incredible. you know, carl, i i think people underestimate -- i talked to je

last night on "mad money," ceo chuck robbins explained the cautious guidance to jim. >> we saw more caution with the customers this quarter than we saw in the prior quarter which led our teams expressing more caution in their forecast. >> robbins spoke about the job cuts. he said when you are off the plan, in his words, the way cisco is this year, you have to adjust expenses. they will move through the plan with employees the next few days. >> i think they heard that people are not spending through inventory. the customers are not using the inventory as quickly as anticipated. it could take the rest of the year to get back to normal. >> $600 billion company once. market cap. >>> morgan stanley announcing layoffs. the company plans to cut several hundred jobs in the wealth management division. that is the driver at morgan. the cuts are expected to hit less than 1% for the company. ted pick took over from james gorman at the start of the year. >>> the latest in the deadly shooting during the end of the kansas city chiefs super bowl victory parade. investors are looking for a motive that left