Mad Money w/ Jim Cramer – Episode Summary (3/27/25)

Release Date: March 28, 2025
Host: Jim Cramer
Producer: CNBC
Podcast Description:
“Mad Money” offers listeners an insider’s view into Wall Street investment strategies, guided by Jim Cramer’s energetic and insightful commentary. The show features Jim’s passionate opinions on various stocks and includes the popular Lightning Round segment, where Cramer provides buy, sell, or hold recommendations.

1. Market Overview

Jim Cramer opens the episode by addressing the recent turbulent market conditions. Highlighting significant declines, he states:

"The Dow tumbled 716 points as a big plunge 1.97% and the Nasdaq plummeted 2.7%" ([01:06]).

He emphasizes the unpredictability of the current market environment, attributing much of the volatility to recent events surrounding Core Weave’s IPO and broader economic factors.

2. Core Weave IPO Analysis

A significant portion of the episode is dedicated to the IPO of Core Weave, a next-generation cloud platform tailored for the AI era. Initially set to offer between $47 and $55 per share, the company reduced its offer price to $40 due to weaker demand, ultimately raising $1.5 billion instead of the planned $2.5 billion.

Jim Cramer criticizes the market’s reaction:

"It's ironic. Last week this deal could have come at 40 and opened at 50 and go higher still" ([03:00]).

He discusses the skepticism surrounding Core Weave, fueled by influential figures questioning the sustainability of their data center costs and the potential for an impending bubble. Cramer remains cautious but hints at potential recovery once the market stabilizes.

Mike Intrader, Co-Founder, Chairman, and CEO of Core Weave, joins the discussion to defend the company’s strategic decisions. He explains the necessity of debt as the "engine" and "fuel" for scaling their infrastructure:

"Whenever you see debt on our balance sheet, you're going to see an offsetting revenue contract that is larger" ([16:35]).

He refutes concerns about rapid depreciation of their assets, citing substantial long-term contracts, including a notable $12 billion deal with OpenAI.

3. Tariffs and “Liberation Day”

Cramer delves into the geopolitical tensions impacting the market, specifically focusing on tariffs announced by the President of the United States. He references “Liberation Day,” the event when new tariff regimes are expected to be unveiled. Cramer anticipates significant market reactions based on the President’s policies, predicting potential short-term downturns but remains hopeful for a rebound post-announcement:

"Liberation Day has the potential to turn this market around" ([07:00]).

He underscores the uncertainty surrounding trade policies and their immediate inflationary effects, cautioning investors to stay vigilant.

4. AT&T: A Resilient Stock in Turbulent Times

Shifting focus to telecommunications, Cramer highlights AT&T as a standout performer amidst the market chaos. He credits the company’s strategic pivot back to its core phone business and significant investments in fiber broadband as key factors driving its recent uptrend.

Key Points:

• Fiber Broadband Expansion: AT&T aims to reach 45 million company-owned locations by 2029, with plans to grow to 50 million through partnerships.
• Cost Efficiency: The fiber business boasts 35% lower operating costs compared to legacy copper networks.
• Shareholder Returns: The company plans to return over $40 billion to shareholders through dividends and buybacks by 2027.
• Government Support: Potential extensions of tax incentives, such as the 100% bonus depreciation, could further benefit AT&T’s infrastructure investments.

Jim Cramer remarks:

"AT&T’s make mainly roared this year as a higher yielding flight to safety trade" ([27:00]).

He views AT&T as a reliable hold, especially for investors seeking stability and dividend income in uncertain times.

5. Spotlight on Otter AI

In an engaging segment, Cramer introduces Otter AI, a private company revolutionizing meeting productivity with its AI-driven meeting agent. Demonstrated by Sam Liang, Co-Founder and CEO of Otter AI, the technology offers real-time transcription, sentiment analysis, actionable insights, and even participation in meetings.

Highlights:

• Functionality: Otter AI can join multiple meetings simultaneously, transcribe conversations, and extract key insights.
• Growth: Achieved $100 million in annual recurring revenue with fewer than 200 employees.
• Future Plans: Aims to reach $1 billion in revenue, anticipating expanded enterprise adoption.

Sam Liang explains:

"Meetings are a huge time drain in enterprises. On average, knowledge workers spend at least 30% of the time in meetings" ([36:10]).

Cramer is enthusiastic about the product’s potential, appreciating its ability to enhance productivity and reduce the burden of manual note-taking.

6. Lightning Round: Rapid-Fire Investor Calls

The Lightning Round features quick interactions with listeners, where Jim Cramer addresses various stock-related questions and comments.

Notable Discussions:

• Nike’s Performance: Addressed concerns about Nike losing its edge, acknowledging both strengths and weaknesses.
• Applovin Critique: Criticized Applovin’s financial practices and expressed disappointment in its performance.
• AT&T’s Future: Reiterated positive outlook based on fiber expansion and shareholder returns despite economic uncertainties.

Quotes from Callers:

"I love your subject matter expertise and deep knowledge." ([41:29])

"We just hanging in there, trying to crawl through this wall of worry." ([41:52])

7. Closing Remarks and Market Outlook

In his concluding thoughts, Jim Cramer reflects on the ongoing market volatility and the impact of government policies. He urges investors to remain calm and consider long-term opportunities despite short-term challenges.

Key Takeaways:

• Tariff Impact: Anticipates continued market instability until new tariff policies are clarified post-Liberation Day.
• Investment Strategy: Encourages holding investments and potentially buying on weakness rather than making hasty exits.
• Bull Market Potential: Remains optimistic that bull markets exist somewhere, emphasizing the importance of finding the right opportunities.

Final Quote:

"There’s always a bull market somewhere and I promise just for you right here Made money." ([44:28])

Cramer concludes by reinforcing his commitment to helping investors navigate the complex market landscape, advocating for informed and strategic investment decisions.

Key Quotes with Timestamps:

• Jim Cramer on Market Volatility:

  "The Dow tumbled 716 points as a big plunge 1.97% and the Nasdaq plummeted 2.7%." ([01:06])

• Jim Cramer on Core Weave’s IPO Failure:

  "People sold today to get in position for April 2... you’re liable to miss some very big gains down the road." ([44:07])

• Mike Intrader on Core Weave’s Strategy:

  "Whenever you see debt on our balance sheet, you're going to see an offsetting revenue contract that is larger." ([16:35])

• Sam Liang on Otter AI’s Impact:

  "Meetings are a huge time drain in enterprises... Otter can not only take meeting notes but also start participating in meetings." ([36:10])

Conclusion

This episode of Mad Money provides a comprehensive analysis of current market dynamics, highlighting the challenges and opportunities presented by recent IPO movements, government policies, and technological innovations. Jim Cramer’s blend of critical insight and strategic advice offers listeners valuable perspectives to navigate the uncertain investment landscape.

Note: This summary intentionally omits advertising segments and non-content-related sections to focus solely on the substantive discussions and analyses presented during the episode.