Mad Money w/ Jim Cramer – Episode Summary (04/23/25)

Release Date: April 23, 2025

1. Opening Remarks and Market Overview

Jim Cramer kicks off the episode by expressing his mission to "make you money" and positioning himself as a guide through the complexities of Wall Street. He emphasizes his dual role of entertaining and educating his audience, encouraging listeners to engage via calls and social media.

Cramer remarks at [01:03]:
"My mission is simple to make you money. I'm here to level the playing field for all investors."

2. The Trump Effect on Wall Street

Cramer delves into the unprecedented influence of President Trump on the stock market, particularly focusing on Trump's interactions with Fed Chief Jay Powell. He highlights how Trump's rhetoric and actions have a direct and often immediate impact on market sentiments.

At [02:30]:
"I've never ever seen the market bend so readily to the wishes of one man. It's extraordinary."

He discusses Trump's fluctuating stance on Powell, labeling him "Mr. Too Late", and observes the market's strong reaction to Trump's decisions not to fire Powell. This dynamic, Cramer suggests, creates volatility but also opportunities for savvy investors.

At [05:15]:
"It's almost as if this is a TV show. You can see Powell walk into the boardroom, calm, cool character, and then the NASDAQ goes up 2%."

3. Interview with Bill McDermott – ServiceNow

Bill McDermott, Chairman and CEO of ServiceNow, joins the show to discuss the company's stellar quarterly performance. McDermott attributes the success to "elite level execution" and highlights significant growth in the public sector, especially within government entities.

At [12:30]:
"ServiceNow is the platinum standard of enterprise grade AI. We're helping to automate IT and back-office jobs, transforming how businesses operate."

Cramer probes into how ServiceNow navigates the current tariff environment, to which McDermott emphasizes the importance of leadership and trust, advocating for a "tech-first" approach to sustain growth amidst economic uncertainties.

At [17:51]:
"Bring technology in service to people and change fundamentally the way you run. Everybody should be thinking now how I can be a tech first company because it's the only way forward."

4. Interview with Scott Strazik – GE Vernova

Scott Strazik, CEO of GE Vernova, discusses the company's robust pipeline and readiness to meet future demand, particularly in the gas turbine sector. Strazik underscores GE Vernova’s strategic positioning to address trade imbalances through domestic production and global opportunities.

At [22:11]:
"We are filling out for 2028, taking orders for 2029, and having commercial discussions for 2030. We're a solution to the tariff problem, not part of it."

He highlights the critical role of natural gas in decarbonizing the electric grid and supporting the rise of AI and renewable energy initiatives, portraying GE Vernova as a pivotal player in the nation's energy transition.

At [26:39]:
"We've decarbonized the electric grid in the US with coal to gas switching, and gas is the force multiplier for more wind and solar to get built."

5. Interview with Gio Albertus – Vertiv

Gio Albertus, CEO of Vertiv, elaborates on the company’s focus on digital critical infrastructure and data centers. He asserts that data traffic will continue to grow, underscoring Vertiv’s strategic investments in supply chain resilience amidst geopolitical challenges.

At [35:02]:
"We've strengthened our supply chains, building resilience that's serving us well. We're working closely with customers on order repricing and adapting to tariff impacts."

Albertus dismisses the notion that Vertiv's focus is limited to a handful of hyperscalers, revealing a diverse customer base that extends to telecom and enterprise markets. He defends the significance of AI-driven infrastructure, emphasizing its role in future technological advancements.

At [36:40]:
"Our customer base is quite broad, from big hyperscalers to a large number of correlators serving the broader enterprise market, especially those focused on AI and sovereign AI."

6. Lightning Round: Stock Recommendations

Cramer transitions to his Lightning Round, where listeners call in with their stock-related queries. He offers insights and recommendations on various stocks, showcasing his rapid-fire analysis style.

• Rakesh from California inquires about Oracle Stock.
  Cramer responds at [08:44]:
  "Oracle is way beaten down. It's an inexpensive stock due to multiple compression. It’s a good buy right now."

• Mary Jo from Florida shares her success story from 2008 and seeks advice on Caterpillar (CAT).
  At [10:23]:
  "It may not be the time to own Caterpillar. There may be a better season coming."

• Gary from Alabama wants Cramer's thoughts on Uber.
  Cramer advises:
  "Hold it for multiple years; I think it goes higher."

• Gio Albertus, representing Vertiv, briefly discusses Paycom and Perplexity, emphasizing their roles in human capital and AI-driven solutions.

7. Focus on AI and Data Centers

In his closing remarks, Cramer reflects on the burgeoning AI industry and its symbiotic relationship with data centers. He underscores that the success of generative AI models hinges on the robustness of data center infrastructure, urging continual investment in this sector.

At [38:09]:
"These AI models need flawless data centers to thrive. Whoever can pull this off will dominate the entire category. Data center build-out is far from done."

Cramer advocates for sustained investment in video chips and data centers, asserting that they are critical for the future of AI and overall economic growth.

At [43:30]:
"If we're seriously going to rely on AI, we need more data centers. No company can afford to be left behind."

8. Notable Quotes

• “My mission is simple to make you money.” – Jim Cramer [01:03]

• “It's almost as if this is a TV show.” – Jim Cramer [05:15]

• “We are helping to automate IT and back-office jobs, transforming how businesses operate.” – Bill McDermott [13:10]

• “Gas is the force multiplier for more wind and solar to get built.” – Scott Strazik [26:39]

• “Our customer base is quite broad… especially those focused on AI and sovereign AI.” – Gio Albertus [36:40]

• “Data center build-out is far from done.” – Jim Cramer [43:30]

9. Conclusion

Jim Cramer wraps up the episode by reiterating the critical connection between AI advancements and data center infrastructure, emphasizing that sustained investment in these areas is indispensable for future economic prosperity and technological innovation. He encourages listeners to stay informed and seize opportunities within these dynamic markets.

Final thoughts at [44:38]:
"They deserve to know the difference. Whoever can pull this off will be worth every penny. They better keep spending."

Disclaimer: All opinions expressed by Jim Cramer on this podcast are solely his own and do not reflect the opinions of CNBC, NBCUniversal, or their affiliates. Listeners should conduct their own research before making investment decisions.