Mad Money w/ Jim Cramer – October 30, 2025

Episode Overview

In this lively episode, Jim Cramer guides listeners through a volatile day on Wall Street, dissecting the market’s reaction to Meta's capital spending, critically evaluating Big Tech’s earnings (especially Amazon and Apple), and highlighting the overlooked strength in “real economy” stocks. The episode also features exclusive CEO interviews—including Reddit, Shake Shack, and Logitech—plus Cramer’s signature Lightning Round and a take on Starbucks’ ongoing turnaround prospects.

Key Discussion Points & Insights

1. Market Reaction to Meta’s Earnings and Tech Rotation

[01:40 - 07:30]

• Cramer analyzes the sharp sell-off in Meta Platforms (formerly Facebook), which dropped over 11% after surprising Wall Street with much higher-than-expected capital expenditures.
• He explains how Meta’s plunge triggered a broad tech sell-off, hurting S&P and Nasdaq more than the Dow due to their tech-heavy compositions.
• Higher Meta spending is seen as reckless by many hedge funds, prompting short-term sector rotation into industrials, financials, and healthcare.
  • Quote: “To many of these big time tech players, not me, but them, Mark Zuckerberg has lost his mind, or at least all his discipline that he had demonstrated so well during that year of efficiency. To them, he's now in the year of living dangerously.” — Jim Cramer [03:09]
• Cramer highlights “guilt by association,” where Meta’s actions indirectly pressure semiconductor leaders like Nvidia’s stock.

2. Earnings Spotlight: Amazon and Apple Save the Day

[07:30 - 13:40]

• Post-market miracles: Amazon and Apple report much stronger-than-expected quarters, reversing negativity in tech sentiment.
  • Amazon: AWS (Amazon Web Services) revenue growth reaccelerates to 20.2%, with strong margins and higher guidance.
    • Quote: “As CEO Andy Jassy put it, ‘AWS is growing at a pace we haven’t seen since 2022, reaccelerating to 20.2%.’” — Jim Cramer (quoting Andy Jassy) [08:59]
  • Apple: Achieves record service revenues (up 50% YoY), better-than-expected iPhone growth, and surprisingly bullish guidance for China.
    • Quote: “Apple posted records of great service revenue at 50% year over year. But you know what? Nobody cares about that. You see that's not the way it works… But tonight they said it's going to be 10 to 12% revenue growth and the iPhone will be up double digits too.” — Jim Cramer [10:32]
• Cramer maintains that tech demand is resilient and expects a “snap back” in tech stocks after this positive news.

3. Rotation to Real Economy Stocks & Surprising Sector Strength

[03:30 - 06:30]

• As tech faltered, cyclicals and defensive stocks outperformed; examples include Home Depot and Eli Lilly.
  • Eli Lilly delivered a massive $1 billion earnings beat thanks to their weight-loss diabetes drugs.
    • Quote: “Eli reported this Morning...made $1 billion more than Wall street expected. That's, that's tech. Like when I first saw it I was thinking okay, the market won't care big yawner…Apparently I was wrong. That's right. Eli Lilly stock rallied nearly 4% today.” — Jim Cramer [05:04]
• Reason: money managers flee tech and park capital in healthcare, financials, and industrials when macro risks spook them.

4. Reddit CEO Interview: Advertising Growth & AI Partnerships

[14:04 - 23:33]

• Guest: Steve Huffman, CEO of Reddit
• Reddit reported a stellar quarter: 68% revenue growth; 74% YoY ad revenue growth.
  • High gross margins (91%) and strong EBITDA (40%) show business efficiency.
    • Quote: “Our aim... is we can be an AI winner without the cost.” — Steve Huffman [16:45]
• Huffman discusses Reddit’s strategy to balance a quality user experience with monetization; ad loads remain low, with growth focused on user engagement.
  • Quote: “The best way to grow inventory on Reddit is to grow usage of Reddit. So we had 190 million Americans visit Reddit every week in the last quarter or on average. And so the reach is there.” — Steve Huffman [19:20]
• Ongoing legal battles over scraping, but strong partnerships with Google and OpenAI to leverage Reddit’s data.
  • Quote: “Our duty is to protect our data for our business and our users. But we also have great relationships in this space with Google, with OpenAI, and we're very excited.” — Steve Huffman [17:39]
• International growth touted as a future catalyst (currently 45% US, 55% international, but peers are 80-90% international).

5. Shake Shack CEO Interview: Operations Turnaround

[25:41 - 33:18]

• Guest: Rob Lynch, CEO of Shake Shack
• Discusses process improvements: focus on operational efficiency, re-trained staff, faster service (70 seconds quicker on average).
  • Quote: “If we’re taking care of our team members, they’re taking care of our guests. We're going to create that virtuous cycle and increase frequency because people are going to come in and have a great experience.” — Rob Lynch [26:05]
• Notable innovation: new, longer-cooked fries for better crispness without longer wait times.
• Strategic pivot to value menu through the app, resulting in 80% increase in app traffic and significant same-store sales uplift.
• Consumer environment tough for Gen Z, but digital focus and value platform are showing strong results.
• Navigating beef inflation with supply diversification.

6. Logitech CEO Interview: Resilience Amidst Tariffs and International Success

[34:38 - 39:42]

• Guest: Hanukkah Faber, CEO of Logitech
• Logitech shows strong growth: 25c EPS beat, higher sales, raised holiday guidance, and ability to offset tariff impact.
• Rebound in “work” categories (driven by office returns and Windows 11 refresh) plus double-digit gaming demand in China.
  • Quote: “Our business was up more than 20% in the quarter in China, and that's not the first quarter that's happened. The market is solid in gaming in China...” — Hanukkah Faber [37:11]
• Focus on product innovation tailored to Chinese consumers (“China for China” model) drives robust Asia growth.

7. Lightning Round: Quickfire Stock Takes

[39:43 - 43:28]

• Noteworthy picks:
  • Sentry Energy (LTU): Not crazy expensive, rates as a buy for now.
  • USA Rare Earth: Avoid due to waning sector momentum and loss-making.
  • Arcos Dorados: Skip; recommends McDonald’s instead.
  • Ollie’s Bargain Outlet: Cramer is a fan, amusing personal anecdotes.

8. Starbucks: The Turnaround Case

[43:54 - 48:07]

• Cramer highlights why he believes Starbucks is on track, drawing parallels to Chipotle’s dramatic turnaround under Brian Niccol (now at Starbucks).
  • Quote: “I think it's all coming together. Few believe...So the turn of Starbucks is being overlooked. I'm betting that won't last for long.” — Jim Cramer [46:43]
• Emphasizes the importance of operational process and throughput; recent numbers suggest the company is “finally ahead of plan.”

Notable Quotes & Memorable Moments

• On Meta’s shock spending:
  “To many of these big time tech players, not me, but them, Mark Zuckerberg has lost his mind…” — Jim Cramer [03:09]

• On Amazon’s AWS turnaround:
  “‘AWS is growing at a pace we haven’t seen since 2022, reaccelerating to 20.2%.’” — Andy Jassy (quoted by Cramer) [08:59]

• On Apple’s future guidance:
  “Tonight they said it's going to be 10 to 12% revenue growth and the iPhone will be up double digits too.” — Jim Cramer [10:32]

• Reddit’s margin brag:
  “91% gross margins, which I regard as extraordinary. Most impressive 40% adjusted EBITDA margins.” — Jim Cramer [16:30]

• Shake Shack’s operational mantra:
  “If we’re taking care of our team members, they’re taking care of our guests...” — Rob Lynch [26:05]

• Logitech’s China performance:
  “Our business was up more than 20% in the quarter in China… The market is solid in gaming in China...” — Hanukkah Faber [37:11]

• Starbucks leadership:
  “The turn of Starbucks is being overlooked. I'm betting that won't last for long… It's time to buy the stock of Starbucks.” — Jim Cramer [46:43]

Timestamps for Key Segments

• [01:40] Cramer on Meta’s spending & tech sell-off
• [07:30] Amazon & Apple earnings breakdown
• [14:04] Reddit CEO Steve Huffman interview
• [25:41] Shake Shack CEO Rob Lynch interview
• [34:38] Logitech CEO Hanukkah Faber interview
• [39:43] Lightning Round
• [43:54] Starbucks turnaround commentary

Takeaways for Investors

• Big Tech remains volatile, but strong earnings from Amazon and Apple point to a resilient sector.
• Meta’s outsized capex had knock-on effects—not just for Meta but for supplier stocks and broader tech sentiment.
• “Real economy” names (industrials, healthcare, retail) demonstrate unexpected strength during tech rotations.
• Reddit demonstrates high growth, strong profitability, and upside in AI/data partnerships—not just a meme stock.
• Shake Shack’s operational revamp and digital focus produce tangible sales rebound, even in a tough environment.
• Logitech shows that targeted international innovation and supply chain flexibility pay off—even in turbulent markets.
• Cramer remains bullish on selected tech, retail, and consumer names, calling out Starbucks as a turnaround to watch.

For those who missed the episode:
This installment captures a day of sharp sector rotation on Wall Street, delivers in-depth CEO interviews from pivotal growth companies, and arms listeners with actionable insight—contagiously delivered in Cramer’s irrepressible tone.