Alex Wilhelm (3:28)

So you're not going to do the erotic chatgpt mode.

Jim Cramer (3:32)

I have a good wife. I don't need that crap.

Alex Wilhelm (3:36)

With Apple the risk is that there is a device that comes out and either just places the phone or cuts off its growth.

Jim Cramer (3:43)

Well, you know Zuckerberg is so funny. He thinks that the glasses and I really like Mark. I think Mark's terrific. And I like the glasses. And when I was fishing, when you fish and you're catching a tarpon and you're using the glasses and you take pictures of it, you got the edge on me, man. You got the edge. I'm using the iPhone, but I still think that it's a long way off as, as opposed to, you know, I was with Rene Haas this weekend, went to football game. He had to end the, the phone, it was like, you know, it was, it was Samsung and it was much cooler than Apple. Big deal.

Alex Wilhelm (4:15)

Okay, so this leads right into meta. Oh my God.

Jim Cramer (4:18)

But I like meta. All right.

Alex Wilhelm (4:19)

But these hot takes are not Necessarily all negative. Okay, but this is their question. So here's a question about meta. Mark after. No, this is just. This is my question. Okay, but it is about Mark. So I like Mark.

Jim Cramer (4:31)

Be careful.

Alex Wilhelm (4:32)

I'm not going to disparage him, but I'm about him. Jersey.

Jim Cramer (4:37)

No, he's from. Where you're from.

Alex Wilhelm (4:39)

New York. Okay, so this is about Mark. So after the Metaverse and Llama, their sort of underwhelming generative AI initiative, I.

Jim Cramer (4:51)

Got the Ray Bans when they were walking into a dark. I walked into a room, a museum, and I was wearing them. I thought that the garb was going to take him away, but I think he just felt that I'd be the way.

Alex Wilhelm (5:02)

I jumped out of a plane with them. I've done stuff, shut down the plane, recorded as I went down. Amazing.

Jim Cramer (5:07)

What didn't you. Aren't you worried?

Alex Wilhelm (5:09)

No, it's pretty safe. I mean, not my recommendation to go do it, but it was the coolest thing I've ever done.

Jim Cramer (5:13)

Whoa. Okay, so here's the thing with meta.

Alex Wilhelm (5:15)

Well, this is. This is the question, all right. Does Mark Zuckerberg have another breakout hit? And maybe it's the glasses.

Jim Cramer (5:22)

I hate to go against him, and I love the glasses. I think the glasses are a really, really good rival to the iPhone. But the people are used to one thing in their hands, and they're not appalled. They're not bummed out by it. When I was using the glasses, when I was fishing, I was like, wow, these are so cool. I can reel in. And I have to hold my phone. I was bringing these big tarpon, and I sent it to Mark. I said. I said, this is really cool. Really good use, and that's good. It's good use case. And I really believe that we need, like, a thousand. No, need like 10,000 more good use cases. In the meantime, I think that Apple's just getting better. I think that they could do a foldable, the liquid glass. But I have to tell you that in the end, Mark is going to have, along with YouTube, 50%, if not 70% of the advertising market. And that's a very big market. And the rate of return, you know, my daughter's got a potato chip company, folds, first new potato. Potato chip in 30 years. And I keep telling her, listen, there's. You know, you got to put your money with Reddit, and you got to put your money with. With. With Mark and that with Mark, you just have to say, look, here's a check. And she's. Well, I'm not big enough to send that check yet. She isn't. But you can take, you get rid of everybody and give them all the mad men out, give them a check, they'll develop a much better than you could ever come up with ad and you're going to make a lot of money. And by the way, you take Spotify and you take, take Spotify, take Shopify, take. Well I mean like your ads like I know, like okta, like an octave. It's like you have an ad for Octa. It's like I'm listening to you, I'm listening to the ad. It's like wow, McKinnon got to him, man. This is a great ad. I think the advertising market by the way Reddit is incredible. I told them, I told Hoffman you gotta raise your rates. Rates are way too cheap. When he figures out that his stuff is like being scraped by everybody. I love the ad market. Cause it's something I understand. And I do think that if you send Zuckerberg a check you could be the category winner out of nowhere Spotify. Cause it's got that high end audience. Remember I'm not a tech guy, okay, I'm looking at you and I'm telling you I'm not a tech guy. And I know when tech's out of favor. I'm sticking with Nvidia because I have great belief that GTC and Vera Rubin is gonna be amazing. It's gonna reason I love Hock Tan. I think that Apple's gonna get a check beneficiary from someone of perplexity. I don't know. I'd like business to business but let's take our time with anthropic. I don't understand OpenAI other than the fact that they wanna speak to the New Yorker and New York Times. Good. I don't want them that in the end Disney should have taken a nice big check from them. And that was one of the defining trades of this period. Along with AMD peaking out October 29th.

Alex Wilhelm (8:08)

Which was the top Zuckerberg birthplace, White Plains. Grew up in Dobbs Ferry.

Jim Cramer (8:13)

I thought he grew. Right, right.

Alex Wilhelm (8:14)

Dobbs Ferry, New York. You're right. New York, not New Jersey. I'm sorry, Mark Zuckerberg as a New Yorker, that was a.

Jim Cramer (8:20)

But he's not like the sports fan. Like Jassy's a giant fan.

Alex Wilhelm (8:23)

Right? Okay, so the meta thing.

Jim Cramer (8:25)

How about how bad Amazon stock acts? Oh God, it's killing me.

Alex Wilhelm (8:28)

It's funny. You are getting. So I said Apple, you ended with meta. I said meta and now you're on Amazon. So I'm going to ask you about Amazon. Here's my hot take on Amazon. I want it missing the Bezos spark.

Jim Cramer (8:40)

Okay? It paid me to write that cfo. You know, I love Andy. I do think that the guy runs stores is real good. I think the guy Matt, who runs AWS is real good. I do think that they are up against a post Covid. Still haven't figured out this struct. Of course, I refuse to believe that. I don't want to believe what you.

Alex Wilhelm (9:01)

Say it's a hot take.

Jim Cramer (9:03)

But no, no, what I said I don't want to believe. I don't because it's a huge position. It's my large position for my trust because I love them. My basis is really, really low.

Alex Wilhelm (9:14)

My book was called Always Day One.

Jim Cramer (9:15)

No kidding. I'm referencing your book. Your book is really good. And what you're saying basically is that it would be amazing if Jassy wasn't running like he runs hard. I mean, he really runs hard. But is he running in place? I don't know, but he's running hard. I, I, I am one of those people who really looks at something and say, I love the stock because I love the product. If the balance sheet checks out, that's kind of my thesis of my book and I love the product. Amazon, I think they're going to figure it out, but they are stalled right now. And people don't like the stock at all. I think they don't like the stock at all. You know why? For the same reason that people don't like Apple, because Jobs and Bezos and I'm not buying that at all. I think that Amazon's just a. Amazon just needs web services to go to 23% growth and we need to see the real growth of Azure, which I think is overstated, not illegal. The kind of thing that you have this weird confluence of Azure and whatever the hell they're doing with the Sarah Fryer there. So I think that you've got. Amazon is a real quandary because, geez, how did Alphabet do this? How did they do it? How are they able to sanction Monopoly? Isn't that amazing? Was it Ruth Poorad? Hey, how about Ashkenazi? That the CFO from Lily? She's a winner twice. Well, she's fantastic.

Alex Wilhelm (10:39)

Jim, you're amazing because every one that I bring out, you set me up perfectly for the next one.

Jim Cramer (10:44)

Well, that's because I know your show and it's fun.

Alex Wilhelm (10:46)

You're good. You're good, obviously. So let me just do one follow up one on Amazon.

Jim Cramer (10:52)

Did you do the new Alexa?

Alex Wilhelm (10:55)

Alexa Plus. I think it's great.

Jim Cramer (10:57)

Do you give her your schedule?

Alex Wilhelm (10:59)

It has my schedule.

Jim Cramer (11:00)

It has.

Alex Wilhelm (11:01)

I use it completely. It has real personality. My wife and I, we have it in the bedroom, in the kitchen and in the living room. And she's like, I don't know what this does. I was like, let's see, Alexa. Let's have an insult competition. I don't know if I could do that. But then it goes ahead and we start going back and forth. It's actually really fun.

Jim Cramer (11:18)

I gotta use it more because I use it every day, right? Every day. And I come home and I like, give me the Ride of the Valkyries, you know, give me the Balfour Brothers. Okay? I want to hear Beethoven's 1 through 9th. It's real. It's got that brain. It's got that brain.

Alex Wilhelm (11:31)

But here's why I'm worried about Amazon. We have some reporting coming out that they have this AI tool inside the company called Cedric and Cedric.

Jim Cramer (11:40)

Who's dumb, Rufus or Cedric?

Alex Wilhelm (11:42)

I think Cedric. The. Here's the problem. Cedric is smart. But you know how Amazon has this product development process where they write everything out in six pages. I thought it was one of them. They start the meeting, everybody reads and then they go ahead and talk. Now the AI, one of the best practices is have the AI help you write the document. The whole point is the pain of.

Jim Cramer (12:03)

It was supposed to be. Oh my God. That is. That's very disappointing. It was always to be laser focused on your own mind. That's disappointing. I didn't know that.

Alex Wilhelm (12:13)

Yeah.

Jim Cramer (12:13)

And they would just use. I mean, which one are you using these days?

Alex Wilhelm (12:17)

ChatGPT.

Jim Cramer (12:18)

You're still in ChatGPT.

Alex Wilhelm (12:19)

I think it's great. I try them all. Knock yourself out and we'll talk more about opening up.

Jim Cramer (12:25)

I don't like that stupid thing. Trying to be me and know me. Oh, Jim, maybe you want to use these 10 things for mad money. Oh, go to hell.

Alex Wilhelm (12:33)

Right? So for me, what I like, what I like. I like the memory. I have the opposite opinion of you on this one.

Jim Cramer (12:40)

The memory is false. This is a bogus memory. Come on, let's go to novels where.

Alex Wilhelm (12:45)

Truth is, I don't need it to be my friend. But if I'm planning a trip and I just type a new query in, it says, oh, I remember that you're going to, let's say Ecuador. Here's some things that you should think about.

Jim Cramer (12:55)

Does it go to Galapagos while you're there.

Alex Wilhelm (12:58)

This is. I'm going to be.

Jim Cramer (13:00)

I can be that too.

Alex Wilhelm (13:01)

Yeah. The Galapagos would be okay. I understand that. I just think that like, let's say you're talking because Ecuador is very high up. You're talking about altitude. So it will be like, okay, like actually you should be fine to be in this place.

Jim Cramer (13:13)

Oxygen. What does it say to do? It's like Denver.

Alex Wilhelm (13:15)

Well, it's, it's three times the football.

Jim Cramer (13:18)

Field when they need the oxygen.

Alex Wilhelm (13:19)

Keto's three times as high as Denver. The cat's good for them. Okay, all right, so that's, that's Amazon. We'll get, we'll get back to OpenAI, but let's talk about Google. All right, here's my Google. Here's my Google hot tip.

Jim Cramer (13:32)

Google, you're going to like this one too soon. I love them, I love them, I love them, I love them.

Alex Wilhelm (13:36)

Here's the hot take. Until someone builds another search ads business, it doesn't matter what ChatGPT does. Also, Waymo is a beast.

Jim Cramer (13:44)

See, what am I going to do when I agree 100% with you? See, what do you. Not only does there no controversy, but I genuinely love Waymo. I love the YouTube TV where you can get the NFL. The search is just beautiful the way it makes it so it doesn't link back to. The way I managed to make the street was all like, you link back to me and I burned you and I got my stuff. It is magnificent. Google is magnificent and I just cannot believe how good it is. It's just fabulous.

Alex Wilhelm (14:18)

One of the nicest things.

Jim Cramer (14:19)

Do you think Ruth does a lot there still?

Alex Wilhelm (14:21)

I don't know.

Jim Cramer (14:22)

Yeah, me neither. I see Ruth fingerprints. She's really smart.

Alex Wilhelm (14:27)

Definitely.

Jim Cramer (14:27)

And also humble.

Alex Wilhelm (14:29)

Yeah, I mean, it makes a big difference. That's one of the things. So the things that I've seen in terms of what makes a big tech leader successful, it's honestly being humble and being open to feedback because, you know, it.

Jim Cramer (14:41)

Like, Chandler asked me what I thought about the NFL thing. He did. He said, what do you think? I said, well, I would move this, I would move that, I move this. Done, done, done. I mean, come on. That talk about no humility. Like, Ghost is some Yahoo. He asked what Yahoo. I asked what I think of it. And I'm like, give it to him. He goes, that's great. It's done. And then I see it, you know, and think about what that is. That's someone who's willing to take feedback. It doesn't feel like if it wasn't invented there, it doesn't matter. And delivers really, really quickly. And I just think that's why I say bravo. I had thought, and I dealt with the government, the Justice Department, I had felt that they had a powerful case. And when that judge reversed and said, hey, listen, we need them to give Apple money because we gotta stop them as monopolists, I mean, that was the most fatuous reason. I wouldn't just send that guy right back to first year.

Alex Wilhelm (15:36)

You said some nice things about Zuckerberg before. I'll say a nice thing about him. I like him talking about feedback. One of the things. I've met with him a couple times, okay. He doesn't want to lecture you. He actually does. Not at all.

Jim Cramer (15:47)

He asks questions.

Alex Wilhelm (15:48)

And that's why they've been able. Social media is the hardest category to succeed in, and that's why they've been able to do it.

Jim Cramer (15:53)

Oh, my God. And when he had that in the conference call, when he said, listen, I want to do your advertising, Just send me a check, it wasn't hubris. It was more comic. It was like, listen, I can beat everybody, and he can. And I love that. Last night, I come back from the Eagles game, and my wife is in her deep dive, and her deep dive is the feed still. I mean, oh, there are too many ads or too many ads. It doesn't stop you from the feed. She, like, everyone I know, looks at the feed before they go to bed. Me, I'm reading this book right now. It's about Blankfein, his autobiography. And I'm reading a book about John o'. Hara. She's reading the feedback. She upended the whole paradigm, what she did before the bed, which was like, read good books. Incredible.

Alex Wilhelm (16:35)

Here's Microsoft.

Jim Cramer (16:38)

So boring.

Alex Wilhelm (16:39)

This is my. Let's spice it up.

Jim Cramer (16:41)

Hey, how was the copilot when you were jumping out of the plane, huh?

Alex Wilhelm (16:43)

I didn't. I used the meta. The meta.

Jim Cramer (16:45)

Yeah, exactly right? There you go.

Alex Wilhelm (16:46)

It did not hear anything because I was just going, wow. But you see it, because I turn back to my wife, and I'm like, is this recording left? Yeah. She went second. I'm like, is this thing on? She said, yeah.

Jim Cramer (17:00)

Do you have, like, life insurance out the plane?

Alex Wilhelm (17:03)

No.

Jim Cramer (17:04)

You got to change that. Well, look, I think that Microsoft's problem.

Alex Wilhelm (17:08)

Well, let me give you the hot take.

Jim Cramer (17:09)

Think that they're winning.

Alex Wilhelm (17:10)

Here's my hot take, and then you can respond to it. My hot take is Azure is A freight train that only OpenAI can derail.

Jim Cramer (17:20)

Yeah, but they won't. I like that freight train. What do you think? It's like the Fugitive? There is no train coming at the freight train. I think that Microsoft is the freight train. I have tremendous respect for them. I wish that they could get out of my PC because they're everywhere. But the fact is I can't get rid of them. I have a really good high IT guy that I pay a fortune to just to strip everything that I don't want of Microsoft, my PC, and he can't. They're just so good at embedding. I mean, I'm just glad they're not embedding in my brain. They probably are, but. Yeah, I like your analysis. And OpenAI can't stop opening. I was defined as vertical. They hate it when you say that to find the vertical because they don't believe in verticals. But I believe in verticals because I've been around. Sometimes the benefit. Benefit of age better than benefit of wisdom.

Alex Wilhelm (18:10)

What vertical do you think they'd be best in OpenAI against Mark.

Jim Cramer (18:15)

But you can't because he's too great.

Alex Wilhelm (18:17)

Against Zuckerberg.

Jim Cramer (18:18)

Yeah.

Alex Wilhelm (18:18)

Social media great.

Jim Cramer (18:20)

Yeah. He's just too great. And he's. I mean, look, do they innovate? Yes. Have they figured out if they monetize WhatsApp, that would be like a. That would be like musk. Monetized. Musk monetizes, but it doesn't go to, you know, goes a separate bucket. I love musk.

Alex Wilhelm (18:39)

Okay, I. That. Well, you brought me right to, I.

Jim Cramer (18:41)

Don'T know much personal.

Alex Wilhelm (18:42)

It's like you have the agenda because you brought me right to test.

Jim Cramer (18:45)

But why not? This is what. See, look, this is good. This is an intellectual vacation for me because I'll spend. Spend far more time trying to figure out the industrial gas market than I can. This. This is the vacation. Okay. I'm going to go back and try to figure out why Walmart passed Costco. And that's not like what your world. Big personalities, big money, really exciting. My world, pedestrian, prosaic, just about making money. And I know that I'm a dollar sign represented by man. And I don't. I don't mind that I was talking to my wife this weekend about the idea of being. My book's a populist book, okay? It's how to make money and I'm a populist how to. And yet when I started, I never wanted to be in the how to. The how to vertical is the Lowest of the low when it comes to being literary. But I wanted to this be my last book and get people to. If they're owning stocks, please understand why. The magnificence. Have the word magnificent, that kind of thing. But in my heart, I'm a populist. But not. Not a political populist because that would make me. Sometimes a populist becomes a fascist, and I'm not a fascist. There you go. That's my hot take. I'm not a fascist.

Alex Wilhelm (19:57)

That's a good hot take. I would. Well, yeah. We don't even have to put the hot label on it.

Jim Cramer (20:01)

Wait, go ahead. Musk.

Alex Wilhelm (20:02)

All right, let's do. I want to do Musk. Nvidia, Oracle Core. We've. And go back to OpenAI.

Jim Cramer (20:08)

Absolutely. Did he get back to me?

Alex Wilhelm (20:09)

Yeah. So let's do that while Jim checks his phone right after this.

Jim Cramer (20:13)

No, no, no.

Alex Wilhelm (20:14)

I'm gonna go to a break. I'm gonna go to a break and then we're gonna come back. All right, we're back right after this. And we're back here on big technology podcast with Jim Cramer, host of Mad Money and the author of this great book, how to make money in any market. Definitely recommend picking it up. We're going to just continue with our hot takes.

Jim Cramer (20:30)

No, I mean, it's great. I mean it when I say that I listen to your show and I say, I wish I had your facility for this stuff, but because I have you, I don't need it.

Alex Wilhelm (20:38)

I appreciate that and it's great having you here. So let's talk about Tesla. My hot take on Tesla is self driving is going to have to work. And it might.

Jim Cramer (20:47)

Absolutely. And I remember when the Waymo people first introduced it to me and they were talking about how you would never have invented a car where a human does it because. But it happened to be carpet for the horse. They did. They thought humans should do it. But humans are terrible because they're drunk and they're tired and humans can't. One time, Jensen told me that humans can't handle black ice as well. Autonomous. I was in black ice yesterday. I think he's absolutely right.

Alex Wilhelm (21:13)

40,000 traffic deaths a year in the US alone.

Jim Cramer (21:15)

See, now think about that. I bet you that could be cut by 2/3.

Alex Wilhelm (21:19)

I agree. You've ridden in a Waymo. Oh, Tesla self driving.

Jim Cramer (21:22)

I love the Waymo.

Alex Wilhelm (21:24)

Unbelievable, right?

Jim Cramer (21:24)

Well, I also like the Jag. Yeah, but yeah, look, I don't want to see humans when I'm next to me. I want to see Nothing, because I trust nothing, because I know that person's not drunk. Like, you know, when you see a car weave and you're out like 11:30 at night, all you can do is think, what do I do now? I get very. I get petrified when I see a car weave that Waymo ain't ever weaving. And I really like that. I think that it's very important that works. And by the way, when I think about Musk, what I think about it is the battery division. I think that battery division is going to solve a lot of what we have in terms of, like, one of the things. Why did the obsession with clean power? I love it, but clean power is really, really expensive. I prefer battery pack power. And if Musk does what I think, which is be able to capture all that heat and keep it overnight, you make it so that it's ready for the morning. Wow. I think the battery's great. I think the robot looks really, really good. What is that? Norwegian Alpha right now that has the cool robot. Not the Chinese. I don't know the Chinese. Where are we really that. Are we really that stupid and they're that brilliant? It bothers me.

Alex Wilhelm (22:32)

The Chinese, Yeah. Well, what do you think the answer.

Jim Cramer (22:36)

Is on that question? If we have an inferiority complex, not unlike the way we were in 1960 with the Russians, where we really felt that we were second Raiders. The Russians knew more. They had gotten the best Nazis, I'm sorry to say that, but they'd gotten the best scientists and they were fascist country, and therefore they could control everything. And they had all the great nuclear scientists and they were going to put someone on the moon ahead of us. And they had the H bomb and they had taken it because of the Rosenbergs and they could kill us all. And that was the narrative when I was growing up. And I remember when this guy was black from all the B52 planes, they were moving to be able to stop the Russians in Cuba. And it seems like that that's Taiwan. We're overly. We're very, very insecure about the Chinese. And yet I'm not insecure, other than the fact I really like. I don't want our universities destroyed because they're pretty good. But I do not share people's belief that they're so much smarter than us and they are totalitarian government. And in the end, totalitarian governments do not make it. History says that right.

Alex Wilhelm (23:41)

But in the meantime, it could cause some disruption. And that comes up in the Tesla conversation. Anytime you leave the U.S. you see BYD cars build your dreams.

Jim Cramer (23:50)

How about the ones that Lincoln, that my wife. It was like Lincoln. She got it in Italy after having a Mercedes. It was much better than Mercedes. I get that. But Europe, suicidal, they should ban. They should just say, listen, we're going to put a double tariff on. But they're just. The Europeans are so unaware of what can happen that they could wipe out Mercedes and Beamer. They could. And I don't know why they're just willing to accept that beat down. Look at Mexico. She's not Claudia. I mean, I shouldn't call President Shimon, who's remarkable person. Great president.

Alex Wilhelm (24:26)

All right, let's do Nvidia. I was going to say my hot take for Nvidia is we're going to need an ROI on AI eventually. I think that will be my hot take, actually. Yeah.

Jim Cramer (24:36)

Jensen would tell you that Alphabet is demonstration of the great roi. But of course they have their own chips too. The reason I believe in Jensen still is because when he has a new chip, the new chip I think will be able to show you how you could pitch a perfect game every single time. It will show you how. I remember I said, look, I own a bar now. I've sold the bar because we have a mescal business. And I told Jensen that I wanted to see a bartender that's not human because human steel is cash. It's too much cash. Steel I was stolen from every single day for 10 years. Okay, but a machine wouldn't. I'm betting on a Waymo, like a bartender, meaning that we like it much more than a Uber. And he said it's going to happen within the next two, three years if we can. And that's. I'm using that as a metaphor. Okay. If we could get a bartender who can pour five drinks at once and doesn't steal, that is something that will give you an ROI to beat the ban. And Jensen's very practical. Now he does say right now there's a four to one he had four times. And no one's buying that except for me because I love Jensen, believe in him, but I'm not worried about him because Jensen is not who we've seen. He's been thrust in the limelight. I want him back at the office. There's not much you can do because he's got a president that is uniquely concerned with what he's doing versus the Chinese. But I'm a believer. I'm not gonna sell it because I think Vera Rubin's big. And the fact I remember I was talking to him, I said, how are you able to look, look, look in the future? And he goes, I look 20 years in the future. And I look backward from that. That was beautiful. It's beautiful.

Alex Wilhelm (26:22)

Love that. When are they going to hit $10 trillion? When is Nvidia going to hit $10 trillion?

Jim Cramer (26:27)

I think it's not a problem. We have to maybe revisit four again first.

Alex Wilhelm (26:30)

They're at 4.3.

Jim Cramer (26:31)

No, I'm saying like four hit that.

Alex Wilhelm (26:34)

They're going to go back and then bounce back up.

Jim Cramer (26:36)

Yeah, I do think that. I think 150. I don't know what that would make it at.

Alex Wilhelm (26:41)

Do you think 10 trillion is a possibility?

Jim Cramer (26:42)

Yes, I do. Because when it was at 300 billion, he told me it could be a couple trillion. And everyone laughed. Faber laughed. I love Faber. But I believed and I believe. I think Jensen's different from you and me. I mean, that's for sure. That's a little Fitzgerald, who, by the way, does not hold up. Fitzgerald does not hold up. I think people should realize that.

Alex Wilhelm (27:04)

Let's talk about Oracle. Here's my hot take on Oracle.

Jim Cramer (27:08)

I loved Safra so much.

Alex Wilhelm (27:10)

My hot take is either the best or the worst FOMO gamble of all time.

Jim Cramer (27:15)

Yeah, it looks like the worst FOMO gamble. Isn't that funny? That's a great way to look at it. That move is almost, you know, the move is almost fully repealed. They have kept the 118. Call me at 118. But if Larry or his two doppelgangers had just simply said, we can own this market, we can take it from core weave. We have a better balance sheet than core weave. We can put up a lot of these. And the RPO number, I'm not saying it's a false rpo. You could easily say that it could be in the bank if OpenAI were to come public. But when you come up with that RPO number 300, that was the bridge too far.

Alex Wilhelm (27:52)

That's the 300 billion build out with OpenAI.

Jim Cramer (27:54)

That was the bridge too far. And that was bad. Operation Market Garden bad. Didn't work. Snow in September. That's parachute reference.

Alex Wilhelm (28:03)

All right, here's OpenAI. OpenAI. Too much of the market depends on them, but they might still pull it off.

Jim Cramer (28:10)

They have the ability to pull it off because they're darlings. And a darling does make it through. I'm sorry, Disney, Dylan, he works with me. Disney told me that it was going to happen, that you could find people. You have good people. Hugh Johnson, CFO there. That good People are willing to throw money at them. Still was a sign that they think it's going to cost public at a trillion or 750 billion. Sarah Friars. Very good. Sam Altman is. He's in touch with the elites. There are enough elites in this country to shower him with money. Because the elites are back. Because we're kind of like a, you know. You know, we're a kleptocracy, right? We're a bit of a kleptocracy in the country. And there are just people who want to throw money at him because they just want to be in the room with him. That can last for a little bit. But I don't know about Oracle. They got to pull back. You know, they got to break out. They got to break out of that tailspin. They have to. I mean, because the stock's in free fall again. And someone can. You can go up by this. Credit defaults watch. Take them up big. Doesn't take a lot of money. You can make it look like the debt's going to go under. You know, that's going to be junior to you. But Oracle is the weakness, not OpenAI. Oracle is because OpenAI, like I said, when you have that kind of cachet that he has, someone will give him money. Should they? I don't think so, because they really don't have any real edge. You love your chatgpt. I love my Gemini.

Alex Wilhelm (29:36)

Right?

Jim Cramer (29:37)

I mean, I'm like, do you know that at one point or another, I liked my perplexity? I liked my anthropic. I liked my Claude. I mean, I liked my Claude, but, you know, I'm fickle like everybody else, which is why you got to give Tim Cook $30 billion to make it so that it's just built in. And then I have a choice. It'll be like teams. Have you ever tried to get rid of teams? You can.

Alex Wilhelm (29:57)

You can't. No, it's impossible. This stuff is tyranny. This stuff is commoditized. And then it's just going to be like you said, the model builders have less of an advantage than we thought we were going to. Exactly.

Jim Cramer (30:07)

You know this. See, you're not playing hard to get. You know I'm right. Think about what you said about Alphabet. There was no you. There was no irony there. You suspended irony. You just put it out there. Look, isn't this the best think about. Because you're ironic on some, but you're choosing not to be ironical in others. You're ironic when it comes to Zuckerberg, because we put him in the glasses category because he did say that it's the best form of AI is glasses. But you and I both know it's deeply flawed right now. It can be great.

Alex Wilhelm (30:36)

Agreed.

Jim Cramer (30:37)

Now, do you feel that when you're translating, is it better to use your iPhone or your glasses?

Alex Wilhelm (30:42)

I have started to use ChatGPT to translate.

Jim Cramer (30:45)

Have you really?

Alex Wilhelm (30:45)

Yep.

Jim Cramer (30:46)

Put it in.

Alex Wilhelm (30:47)

You can type it in, it will spit out ChatGPT.

Jim Cramer (30:49)

But when you're talking to people in Italy who they don't speak a word.

Alex Wilhelm (30:52)

Of English, then I.

Jim Cramer (30:53)

My. My wife says the glasses.

Alex Wilhelm (30:55)

I'm lucky because my wife is German and.

Jim Cramer (30:58)

Really? Yeah.

Alex Wilhelm (30:58)

And she knows all that town.

Jim Cramer (30:59)

From what city?

Alex Wilhelm (31:00)

Bavaria. So she knows how hard they're.

Jim Cramer (31:04)

How about how hard the dialect is? People from western Germany cannot even understand people from Bavaria.

Alex Wilhelm (31:11)

It's funny.

Jim Cramer (31:11)

Incredible.

Alex Wilhelm (31:12)

Because I went to Berlin and she had to give me me a dialect lesson. She goes, if you're going to try to speak the German that you know, you should.

Jim Cramer (31:17)

You should use these. I knew it, I knew it, I knew it. That you would know that. Is that not cool? Then you can't understand. I mean, Bavaria. That's so.

Alex Wilhelm (31:25)

Yeah, well, I think, yeah, they, they. They do want to separate.

Jim Cramer (31:28)

My. My late in laws were from Luhavn.

Alex Wilhelm (31:32)

Okay.

Jim Cramer (31:33)

But they're working class basf. And now candidates from my first marriage to. To. Well, to Karen. I mean, I just, you know, that's far afield from what we're doing here, but it is like my first day, you know?

Alex Wilhelm (31:50)

Yeah. All right. So she's German, huh? Yep. All right.

Jim Cramer (31:54)

How cool is that, man?

Alex Wilhelm (31:55)

It's very cool. It's a beautiful country.

Jim Cramer (31:56)

It is so great.

Alex Wilhelm (31:58)

And the beer is great.

Jim Cramer (31:59)

It's such a great country.

Alex Wilhelm (32:01)

All right, let's do one more hot take. I want to be able to spend time talking about your book. All right, this one is.

Jim Cramer (32:05)

You don't have to.

Alex Wilhelm (32:06)

I do. I like the book. I want to talk about it.

Jim Cramer (32:08)

The book is my book. I want to talk about what you want to talk about. Okay.

Alex Wilhelm (32:10)

The last one's Core Weave. So I just sat down.

Jim Cramer (32:13)

Oh, God. In trader.

Alex Wilhelm (32:14)

So I just sat down with Michael Entrader, who I know a lot of respect for. He's the CEO of coreweave.

Jim Cramer (32:19)

Talk about self effacing. Oh, my.

Alex Wilhelm (32:23)

I'll tell you this. So that episode Jersey. The episode, yes. And lives like a couple blocks away from me in Brooklyn. Are you serious?

Jim Cramer (32:30)

What street are you on?

Alex Wilhelm (32:31)

I'm right on Flatbush Avenue.

Jim Cramer (32:32)

Oh, you're all the way over. Okay, that's some good value there.

Alex Wilhelm (32:35)

So the episode's gonna come out in a couple weeks. And we went through legitimately every criticism the company.

Jim Cramer (32:42)

And you know, it's depreciation. You're on to depreciation. You're very onto it.

Alex Wilhelm (32:47)

You could listen to a lot of. Right, that's the chip.

Jim Cramer (32:52)

But that's Michael's rap.

Alex Wilhelm (32:54)

Look, you could listen to a lot of the negative stuff about Cor Weave. And I came away impressed. My hot take on them. It's in better shape than the haters say.

Jim Cramer (33:00)

Okay, so I agreed to have dinner with him, much to my own chagrin because, like, I know he's a con artist who doesn't know anything. And three hours later, I left the dinner. I said, oh my God, I'm going to recommend it. And it was at 40. And I said, the world should be in this deal. And Faber was critical of me. I said, no, no. Intrader has the model. Intrader understands it. And in the end, the stub is worth much more than people realize. And I just like this attitude toward life.

Alex Wilhelm (33:31)

I agree. Yeah, I can draw this episode. It's the first podcast episode we've ever.

Jim Cramer (33:35)

Done about Core Scientific. No, see, that's a tough one.

Alex Wilhelm (33:39)

I should have spoke with you.

Jim Cramer (33:40)

No, that's a tough one because Core Scientific led him. They should have taken the deal. That was so dumb. Yeah, I mean, Core Scientific, I don't even know if they can build these things. Take a look at all the ones that couldn't finish. There were five that they can't finish. Maybe they're finished now. But I'm glad you interviewed him because he's refreshing, right? He's an Eastern.

Alex Wilhelm (33:57)

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Alex Wilhelm (35:43)

All right, let's talk about the book how to Make Money in Any Market.

Jim Cramer (35:46)

Okay.

Alex Wilhelm (35:48)

I picked up the book and I am a big so first of all, I don't trade individual stocks because I'm a journalist. So I try not to pick favorites.

Jim Cramer (35:56)

I think that's very right. That's very right.

Alex Wilhelm (35:58)

So I sort of maybe through that got into this idea of that when I talk to friends about money. This is not investment advice, folks. For informational purposes only I have to say that. But when I speak with friends, I say don't pick individual stocks, go with the index fund. And then I read your book, I pick it up and it says if you want to be rich, that is not the right perspective. You actually need to start to Basically you suggest 50% in index funds to have that stability and 50% in individual stocks. For me, the ratio, you know, more than me than this. That feels like a very aggressive ratio because most people who bet on individual stocks are day trade lose, right?

Jim Cramer (36:39)

Well, we don't want, remember, we don't want betting and we don't want day trade. We want long term compounding individual stocks that have a good balance sheet and a great. And remember, I only want growth stocks, but I want legitimate growth stocks. I don't want Oklo D wave. I mean, please stop. Get out of my face. And I recommend yes, because I talk about how individual stocks, one individual stock may make up for everything. And I think I pretty well document it, how that can be. My experience is that people want to own individual stocks, but they don't know how. They want to be able to examine something, see something, be curious about it, and they can buy the stock if it meets certain criteria, but they don't know what the criteria. Am I telling people to buy, Lilly? Yes. Why? Well, because it does. I think it could double, it could triple. Because they're going to own the best market in the world. And I want people in individual stocks, and I can't. I have a charitable trust. I give all the money away. I've been fortunate enough to give a lot of money away. But an Nvidia is a life changer. I put together an Nvidia millionaires launch that you got to meet. You got to meet Jensen. Jensen, of course. I said, let's have a group picture. He said, no. I went selfies with each person. And there were people from all walks of life. And I think individual be. What I mean is that there was a policeman stopped me, always still intimidated. What did I do? You know, I don't smoke pot. I what the hell? I do. And. And he said, listen, Jim. I said, yeah. He goes, I'm a millionaire. I said, what do you mean? He goes, well, I bought the Nvidia. When you name your dog Nvidia. And I bought a small amount, but it turned out to be. It was big amount for me. I said, why are you still police officers? It's a calling. They were teachers. There were people who sold insurance. There were a lot of retire. They were people whose lives changed because of Nvidia.

Alex Wilhelm (38:37)

Isn't Nvidia the exception and not the rule?

Jim Cramer (38:39)

Okay, so that's what's really important. I think if you're picking growth stocks and they meet the criteria that I talk about, which is not easy, I think that you would find that it's kind of like the NFL. There are players, many players, who are good, but it's hard to get in the NFL. But once they're in the NFL, these are superstars and, you know, like some. We beat the Raiders the other day and someone said, oh, I guess the Raiders could lose the lsu. No, I mean, these are really the best there is. And there are, you know, there's 53 up on each team. There's a lot of special stocks. There's 53 on each team. I feel the same way about stocks. And you have to find them. They're difficult. But in the end, Apple is when your daughter says, I need a second ipod. Their jewelry, Zuckerberg. You know, Facebook did change things and then Insta changed things. Go on and on about the things that change things. And if you see things that change where you adopted it and the balance sheet works, I think you have a winner. One speculative. Four are meant to be solid growth stocks. And you know, but I did say you can pull with the ratio. Some people don't have time. Maybe this would be 75%. 75% index fund. But I just wanted people to feel confident that they can follow their dream. And maybe those people who are at the Nvidia meeting, they would never have been rich. And I love it when they're rich. You know, I do a lot of bottle signings. My wife's got a mezcal phosphoro she should advertise on your show. You'd have to read it. You'd love that.

Alex Wilhelm (40:11)

I'd be happy to.

Jim Cramer (40:12)

And it's actually doing quite well. It's the fastest growing agave spirit in America, which is terrific. But we work, we hustle. She hustles, she hustles, she hustles. But I go to bottle signings at Total Wine and more and most people bring me their statement to show me how rich they are and that they're millionaires. Some guy had made 10 million, he bought four bottles. Thank you. But I've seen it and remember in the book, it starts out with Mr. Hank versus my dad. And my dad lost everything on national video. And we lost everything. When I said lost everything, I mean like we had no money because my dad kept putting the money and averaging down. And then the other person he worked with put Merck work regularly and he said, listen, it's a fine growth company with a good balance sheet. I'm going to keep buying. He ended up being a multimillionaire before there were multimillionaires. So it's humbling, but there's ways to do it. Which is Mr. Hank and there's ways not to do it, which is Mr. Kramer or Mrs. Kramer, my mom, who also got it wrong. And I didn't mean to use them as looking like they didn't know what they're doing, but they didn't. And I was willing to expose them them as not knowing what they're doing because I thought people would understand how hard it is for Jim Cramer to say, hey, his dad didn't know and his mom didn't know. But I was a creature of them not knowing and a creature of us losing all our money, and I didn't want that ever to happen.

Alex Wilhelm (41:31)

Okay, I have two more. I'm just going to ask you both. We have six minutes left, but you.

Jim Cramer (41:36)

Can'T talk about Octa. A funny Octa story.

Alex Wilhelm (41:39)

Let's see if we have time for that.

Jim Cramer (41:41)

Oh, you're screwing me, man. Can we go up?

Alex Wilhelm (41:42)

Okay.

Jim Cramer (41:43)

Yeah, I guess not. Spotify doesn't me.

Alex Wilhelm (41:45)

Let.

Jim Cramer (41:45)

Gotcha. No, no, don't. I don't want to get you in trouble. I'll come back sometime.

Alex Wilhelm (41:48)

No. Maybe we can fit it in. All right, let's do this.

Jim Cramer (41:51)

It's a minute.

Alex Wilhelm (41:52)

Okay. All right. Why don't you tell the Okta story for a minute? Then I have these two questions for you.

Jim Cramer (41:55)

I go out to San Francisco, and I have my daughter join me, who's a very tough girl. She was 20 at the time. And she goes, dad, I listen to you talk to all these masters of the universe. I'm going to go outside and point in a building, get me a job. And she pointed at Okta. And I had to go to Okta. And it was Saturday morning. I went to the security. I said, I know Todd McKay and the big security guys. Get out of the building. And she goes, dad, see, you're not so hot.

Alex Wilhelm (42:18)

Okay, I'm glad we made time for that. That was definitely worth telling.

Jim Cramer (42:22)

Todd didn't laugh at all when I told him.

Alex Wilhelm (42:24)

Really?

Jim Cramer (42:24)

He's humorless. I love him. He's humorless.

Alex Wilhelm (42:27)

Okay, well, did she apply to Okta?

Jim Cramer (42:30)

No, she works at the food bank.

Alex Wilhelm (42:34)

All right, here's the two questions I have to wrap up. What is the role of cash? Because when the market seems frothy, I think I feel like maybe I'll just keep in cash and wait for things.

Jim Cramer (42:47)

You can go down to 15% cash. I don't want more than that, because then you ruin the power of compounding. I've got to keep you in reinvesting those dividends. No day trading, please. No options, please. Go ahead. What was the last one?

Alex Wilhelm (43:00)

Last one is kind of a big, vague one, but I think it'll be a fun one to end on. What's the purpose of money?

Jim Cramer (43:10)

Wow. Purpose of money. Unfortunately, the purpose of money is to make it so. It should. I. I would like to make it to be so that everybody had health care. That's the purpose of money. If we give everybody health care, then we're a successful country and that's what it should be for. Tax people, tax rich people until they have until a lot of money's taken away from them so that that can help healthcare. We have to give health care care to people, and that's everything. And anybody who's involved in the healthcare movement like I am just knows that it's the fulcrum of the country. And whatever we have, whatever extra money we have should go so that everybody can have healthcare in this country. That's money.

Alex Wilhelm (43:51)

Love that answer.

Jim Cramer (43:52)

Thank you.

Alex Wilhelm (43:53)

Jim Cramer, thanks so much for coming on the show.

Jim Cramer (43:55)

Thank you for having me.

Alex Wilhelm (43:56)

Great talking with you. All right, everybody, if you're new here, please hit follow. We do this twice a week and and in the meantime, we'll be back on Friday to break down the week's news and we might have a special episode coming for you in a couple days. So definitely recommend you stay, attend, pay attention to the feed as we go. Thank you, Jim. Thanks to all of you for listening and watching. Make sure to pick up the book how to make money in any market. Highly recommend it and we'll see you next time on big technology podcast.

Jim Cramer (44:38)

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Jim Cramer (45:05)

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