Mad Money w/ Jim Cramer 6/17/26

Summary

Mad Money w/ Jim Cramer (June 17, 2026) — Episode Summary

Overview

In this episode, Jim Cramer dives deep into the changing leadership of the stock market, focusing on lesser-known tech hardware stocks driving the latest rally. He offers actionable advice on how to approach these high-momentum plays, dissects the impact of recent Fed moves, and provides his trademark buy/sell/hold opinions in the Lightning Round. Special guest interviews include Olivier Lapouche (CEO, SLB) on the role of digitalization in oil services, and Jim Zales (CEO, Ingredion) about the company's transformative merger with Tate & Lyle. Cramer also unpacks Ford's pivot to battery storage, weighs in on emerging banking sector leadership, and fields live calls on stocks from every corner of the market.

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Key Discussion Points and Insights

1. Market Leadership Shift: Obscure Tech Hardware Stocks

• Main Theme: The tech market rally is being driven not by the "hyperscalers" (big cloud/tech names like those in "FANG" and "The Magnificent Seven"), but by companies behind the scenes—semiconductor and data center hardware providers.
• “The leadership stocks that seem to have no ceiling are in tech—but not the techs we're used to… These are far more obscure, and many of them aren’t in the averages.” (Jim Cramer, 01:18)
• Key Gainers (YTD):
  • Micron: +266%
  • Seagate: +287%
  • Western Digital: +330%
  • Sandisk: +725%
  • Dell, Marvell, ARM: +200–280%
• Rationale: Ongoing shortages in DRAM/memory chips and capital equipment have pushed these stocks higher, fueled by persistent analyst price target hikes—a "leapfrog game."
• “Stocks like Micron, which reports the 24th, Seagate, Western Digital, Sandisk… these companies can't make them fast enough.” (Jim Cramer, 02:02)
• Notable Moment: Apple’s CEO Tim Cook announced price hikes due to soaring memory chip costs, reinforcing the bullish case for these players. (02:33)

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2. Rigor vs Passion: When to Chase the "Winners"?

• Cramer's Advice Shift: In the past, Cramer advocated moving on if you missed a run-up. Now, he warns that for certain high-momentum hardware names, “you may not even have a choice.”
• “I don't want to throw away the discipline of not touching a stock that's rallied like crazy. But when it comes to tech hardware that's connected to the data center, I think sometimes you may not even have a choice.” (Jim Cramer, 08:32)
• Strategy: Focus less on past gains and more on future outlook. Look for stocks that are temporarily down but poised for another leg up, especially in data center-related tech.
• Passion vs. Rigor: Cramer describes an ongoing market tension—should you use “rigor” (avoid something that's run) or “passion” (believe these plays still have upside)?

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3. Cramer’s New Favorite: Intel

• Why Intel?
  • AI infrastructure shift is turning CPUs (Intel’s strength) into a hot commodity alongside GPUs.
  • Increasing ratio of CPUs to GPUs is driving demand ("could go to as many as four CPUs for every GPU"—per CEO). (07:14)
  • Intel’s foundry business offers geopolitical safety and is gaining ground, with US-based manufacturing attractive for major customers like Apple and Elon Musk’s projects.
• “There’s a revolution going on. This revolution requires as many CPUs as possible. CPUs are Intel's wheelhouse. It's the king of volume.” (Jim Cramer, 08:26)
• Outlook: Despite tripling from its lows, Cramer still sees runway, especially with new foundry capacity and leadership.
• “You can't afford to care about where these stocks have been. You should only care about where they're going. And when it comes to Intel, I think the answer is ‘up.’” (Jim Cramer, 08:44)

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4. Quick Calls: Classic Mad Money Lightning Analysis

• Marriott: “Every time Marriott goes down… you have to pull the trigger. Marriott is the best.” (09:16)
• Archer Daniels Midland (ADM) & Tyson Foods: For the “first time in like 17,000 years,” Cramer likes ADM and Tyson. (11:54)
• Notable Host Banter:
  • Cramer reveals his legendary 2:47 am wake-ups for 30 years: “It broke up a whole marriage, it was so sad.” (10:32)
  • Comic digression on his books and entertaining style: “All in all, I do all the things you’re not supposed to do on TV—every single one of them.” (11:21)

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5. Interview: Olivier Lapouche (CEO, SLB) — Digital Oilfield Leadership

Topic: The transformation of SLB (formerly Schlumberger) through its digital investor day and ongoing innovation.

• Digitalization in Oil & Gas: Lapouche details how SLB uses AI, automation, and digital platforms to dramatically improve operational efficiency—“cycle time reduction, increased recovery, operational performance.” (16:48-17:14)
• “Digital has a role to play to completely shift and change the way this industry operates.” (Lapouche, 15:56)
• AI + Nvidia Partnership: SLB has a “20-year symbiotic relationship” with Nvidia, using GPUs for high-performance computing and AI modeling in drilling and exploration. (18:24-19:51)
• Impact Example: Autonomous drilling in Libya cut drilling time in half and improved output. (20:04)
• Growth Outlook: Digital is now a secular (not cyclical) growth engine for SLB, with adoption accelerating globally. (17:58)
• “This is adding a new earnings growth engine to the company. This is here to scale.” (Lapouche, 17:58)

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6. Ford: Pivot to Battery Storage and Data Center Demand

Analysis of Ford’s New “Ford Energy” Division: (25:10–29:30)

• Background: EV demand fell short, Ford repurposes its battery plants to supply energy storage for data centers and the grid.
• First Deliveries: Planned for late 2027; ambition is to supply 20 gigawatts per year to utilities and data centers.
• Stock Reaction: Initially soared on announcement; now pulled back to more attractive levels.
• Investment Case:
  • Longer term, Cramer finds Ford more compelling due to this new avenue, as data center battery demand is robust.
  • “If you believe oil rates are coming down as I do, then you’ve got my blessing for the first time in many years to buy the stock of Ford Motor.” (29:30)

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7. Interview: Jim Zales (CEO, Ingredion)

Topic: Ingredion's $3.6 billion acquisition of Tate & Lyle and the transformation of the food ingredient industry.

• Strategic Rationale:
  • Move from commodity focus to “ingredient solutions” emphasizing health, wellness, and especially texture innovation.
  • After the merger, over 55% of their business will be in high-value solutions like sugar reduction, fiber and protein fortification.
• “Texture plus flavor equals taste… foods have to taste great… consumers are looking for lower sugar, more protein, and better texture.” (Zales, 34:13–35:17)
• Industry Shifts: Quick-service restaurants and insurgent brands need health-forward, price-conscious innovations—Ingredion supplies these.
• Scale Post-Merger: 65 plants, 800 food scientists, 50+ idea labs worldwide. (39:15)
• Market Misreading: Cramer sees the market underestimating the deal’s transformative power for Ingredion. (39:32)

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8. Lightning Round Highlights (40:17–43:57)

Sample Calls:

• Fair Isaac (FICO): Avoid due to AI disruption fears. (40:24)
• Clover Health: Speculative “OK,” but Cramer prefers UnitedHealth/CVS long-term. (41:05)
• Visteon: Sell-off overdone; Cramer cautiously bullish—start with 25% position. (41:53)
• Stryker Corp: Disappointed that expected industry consolidation hasn't materialized, admits regret for previous bullishness. (43:29)

Memorable Moment: “The connoisseur of cash—and here I thought that word was pronounced Kenosha, Kosher.” (41:28)

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9. Bank Stocks: The Quiet New Leaders

Cramer’s Closing Commentary: (44:09–47:29)

• Bank Rally Under the Radar: Banks are rallying as higher short-term rates boost earnings, consumer strength holds, and IPO/M&A action piles up profits.
• Recent Tailwinds:
  • Moderately higher rates, less regulatory restraint, and a surge in bond/stock issuance.
  • “We can only go so far with Seagate and Sanders people's leadership. But with a relatively cheap bank... they can very well go up much more before they're even considered reasonably priced.” (46:30)
• Potential Bank M&A: Cramer urges more consolidation (“We have way too many banks in this country…”), citing Santander’s “brilliant” acquisition of Webster as an example.

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Notable Quotes & Memorable Moments

• “I got up at 2:47 every single night for over 30 years. Never 2:48. Never 2:46. It broke up a whole marriage, it was so sad. It was terrible.” (Jim Cramer, 10:32)
• “Digital has a role to play to completely shift and change the way this industry operates.” (Olivier Lapouche, 15:56)
• “Texture plus flavor equals taste. Foods have to taste great.” (Jim Zales, 34:13)
• “When it comes to tech hardware that's connected to the data center, you can't afford to care about where these stocks have been. You should only care about where they're going.” (Jim Cramer, 08:32)
• “If you believe oil rates are coming down as I do, then you’ve got my blessing for the first time in many years to buy the stock of Ford Motor.” (Jim Cramer, 29:30)

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Timestamps for Major Segments

• 01:18 – Market leadership shift: Semis & storage companies (Micron, Seagate, etc.)
• 08:32 – Intel’s bull thesis and changing attitudes on buying high flyers
• 15:56 – SLB CEO Olivier Lapouche on the digital transformation in oil services
• 25:10 – Ford’s pivot to battery storage for data centers
• 33:38 – Ingredion CEO Jim Zales on the Tate & Lyle merger and future of food ingredients
• 40:17–43:57 – Lightning Round: Buy/Sell/Hold on popular and under-the-radar stocks
• 44:09 – Bank stocks as emerging market leaders

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Takeaways for Investors

• Momentum in semiconductors and data-center hardware may have further to run, even after large gains.
• Deep focus on where a company is going—not where its stock price has been—is crucial in the current market, especially in hardware and AI infrastructure.
• Ford's energy storage pivot is a long-term story, not a short-term trade.
• Transformation and consolidation in industries (food ingredients, banks) present overlooked value.
• Cramer is more open than ever to re-chasing winners, signaling a shift in his investment discipline for certain sectors.

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"There's always a bull market somewhere, and I promise to help you find it." – Jim Cramer

Transcript

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[Jim Cramer]

Start your free [e-mail]. my mission is simple. To make you money. I'm here to level the playing field for all investors. There's always a bull market somewhere, and I promise to help you find it. Mad Money starts now. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramerica. I've been with my friends trying to save a little money over here. My job is not just to entertain, but to do some teaching. Try to explain all this stuff. So call me 1-800-SECURE-3, CBC, tweet. Mitchell Kramer. If you follow stocks with any regularity, you'll notice this profound pattern where the same stocks just go up and up and up, while others, the vast majority, merely languish. The leadership stocks that seem to have no ceiling are in tech. But not the tax we're used to. Not the household names. The most. Certainly not the hyperscalers, those giants that made up Fang and Magnificent Seven. The. Those stocks barely move at all. And often when they do, guess what? It's down lately. The tech leaders, they're far more obscure, and many of them aren't in the averages. So when I tell you The Dow dropped 5 or 7 points, the S&P lost 1.2%, Nasdaq declined 1.35%. House of Pain. Mostly because of hawkish statements from the new Fed chief at today's press conference, understand that we're missing something important. Oh, by the way, I could talk all day about whether we get red hikes or we stay the same, but you know what I'd rather do? I'd like to try to help you make some money. I think it's more significant anyway. I'm going to talk to you about the stocks that work even today that are in tech, that are not the hyperscalers, certainly not Microsoft, the semiconductors are and their friends that are benefiting from a spectacular shortage. Stocks like Micron, which reports the 24th Seagate, Western Digital, Sandisk. These companies make semiconductors for memory and data storage that are less complex than anything that would come out of Nvidia. But these companies can't make them fast enough. They keep putting through price increase after price increase at the price increase and they are making many devices we use more expensive. Just this evening, Apple CEO Tim Cook said that Apple is going to have to raise prices because of these memory chips. So their stock prices, they just keep rallying and the rest of us the house of pain. Almost every day an analyst who hasn't come pace with these stocks runs, raises their price targets for each of these. Then the next analyst has to raise the price targets. Then the stock is overshot the earlier ones. Then another one comes in and raises, raises and raises, raises. And that's how these stocks have gone up so much. It's a giant game, a leapfrog. The price target boosts are gigantic even if pricing for the products is just creeping up gradually. Look, I get it. This is how Micron got up 266% this year. Seagate jumped 287%. Western Digital rally 330%. Sanders is galloped 7. 25%. These are phenomenal gains based on shortages for DRAM. Just the kind of stuff that Apple's talking about. Kind of memory chips that our data centers desperately need to. Then there's another tier. We got shortages in commodity semis because we also got shortages in semiconductor capital equipment that you need to make commodity semis. So KLA up 96%. Lamb Research up 190%. Applied Materials rallied 131%. We know from the fabulous Gary Dickerson, the CEO of Applied Materials, that his company has been able to get long term contracts for the first time ever, assuring multiple earnings bumps down the road. Finally, there's the supplier of computers and components for the data center. Dell up 233%. Marvell Tech up 241%. ARM holdings up 283% oh boy. The analysts play leapfrog in these daily oh, I'm raising price, raising price, raising price. Yet all these stocks have this endless parade of raising price targets. Nearly every time it pushes them higher. I mention all these shortage plays because they have passionate fan bases. They're like winning teams. And the stocks rarely go down on the days when the price targets are raised, including today, it doesn't matter if the stocks are up very big. Maybe tomorrow. Well, because of the Apple statement, I don't know. See, at one time, my career, I would have said that it was insane to buy these shorter stocks after they've already rallied so hard. You just have to say you missed them and you move on. End of story. Unless you feel like kicking yourself or missing out. Something I used to do quite often, but I'm now convinced that that's the wrong way to approach some of these stocks. As I told CBC Investing club members at my noon meeting today, there's an endless debate going on in this market that revolves around passion versus rigor. You see, rigor would imply that you missed it. Move on. Passion says it could go up more and you didn't miss it. There's plenty of upside left because things are just that good. That's passion. So the goal should be to find the next big one that may have gone up and try to catch it when it's down and getting ready for its next leg higher. Today gave you some opportunity. She Fed Chief War. She came out swinging, making it clear that the Fed no longer has a bias for cutting rates. Many of the Fed officials want to raise rates because from their perspective, the economy is running too hot tight could be coming soon. And that news, which came out at 2pm immediately caused the market to roll over.

[Caller/Listener]

No, no.

[Jim Cramer]

Which is when you want to pass and which stocks do you want to buy? Okay. I told club members that the answer is my new favorite stock in this market, Intel. We know the story. We had the CEO Lip Bhutan on our show and he was talking about how we're going to need a ton of CPUs as others were DRAMs. I'm talking about CPUs are Intel's bread and butter as the demand for agentic AI explodes. It's all about the ratio. Initially we needed CPU for every eight GPUs. GPUs are what Nvidia makes. Then it moves to one CPU for every four GPUs. And thanks to the rise of inference and Gen 2 GI, it will soon be one for one. In fact, Bhutan told us it could go to as many as four GPU. Four CPUs for one GPU for CPUs. That's incredible. CPUs are Intel's wheelhouse. It's going to produce an explosion of business for Intel. The stock still finished up 3.5% today on a really horrible day. But it's still, it did pull back a couple bucks from where it was trading for the Fed statement. Another key part of the intel story is the chip manufacturing business which is similar to what Taiwan Semi does its foundries with Taiwan 70 operating near full capacity is hundreds of billions but potentially trillions of dollars flow into AI infrastructure. Customers increasingly need alternative sources of advanced chipmaking from Taiwan Semi. That's great for Intel's foundry business. Companies are increasingly looking for US based supply to protect against geopolitical risk. Another reason to like intel now. Under the previous CEO, intel spent billions of dollars on foundries and they were a mess. Under Lip Bhutan who's a real engineer, the problems have been solved. There are going to be foundries coming online for several years now and I'm confident that they'll all end up being solidly profitable. Today we learned that intel has started Production of an 18AP chip node foundry which was successful could get some orders from Apple. Elon Musk giant Tariff app project is another intel partner. There could be many things occurring. These are all because of Lip Bhutan. I know it wasn't that long ago that this crown jewelers national treasure was on the ropes. Stock fell around $18 at its lows last year. First the government, then video had to come in and buy stock literally to save them. Since then Lip Bhutan has been able to fix one area after another after another. The results have been extraordinary. Stocks going up more than 100 points. Now I could stand there and tell you hey 100 points, but you should have missed it, sucker. But as I've said over and over, that kind of thinking doesn't work with this group right now. Hasn't for a couple of hasn't really for more than a year. There's a revolution going on. This revolution requires as many CPUs as possible. CPUs are Intel's wheelhouse. It's the king of volume. We're going to need it because I think CPUs may end up being like the DRAMs are now the ones that just caused Apple to raise prices. Which means you're going to get to a shortage level and you're going to get number bumps and price target boost galore. Here's the bottom line. I don't want to throw away the discipline of not touching a stock that's rallied like crazy. But when it comes to tech hardware that's connected to the data center, I think sometimes you may not even have a choice. You can't afford to care about where these stocks have been. You should only care about where they're going. And when it comes to Intel, I think the answer is. All right, now we're going to Hope in Ohio. Hope. Hi, Hope. Hi. Hi, how are you?

[Jim Zales (CEO of Ingredient)]

Hi.

[Jim Cramer]

I'm doing good. How are you, Hope? I'm great, thanks. All right, what's going on? To get your opinion on Marriott. Kind of chat a little bit about Marriott. All right, here's the deal with Marriott. Okay, I have told and I've said this to the CEO. This is what I call an up stock. Every time Marriott goes down, you have, literally, if you take a look at the chart, you have to pull the trigger. And I'm sticking by that. And you know, it's really incredible. I don't feel that way about any other hotel company. Marriott is the best. Now I'm going to go to Sonny in Illinois. Sonny.

[Caller/Listener]

Hey, Jim. A big booyah to you from Egg and Berry in Orland Park, Illinois. How are you, my friend?

[Jim Cramer]

Oh, man, that's a powerful geographical booyah you threw at me and I thank you for it. What's happening?

[Caller/Listener]

Hey, club member, long time fan. I love your new book, how to Make Money in Any Market. But I got to be honest with you, Rich Father's Day was my favorite. Jim, Get Rich Carefully was my favorite.

[Jim Cramer]

Get Rich Carefully was your favorite. You know, it was, it was an okay seller. I thought it would have been a better seller. I mean, I'm never supposed to talk about book sales. That's like, let's move on.

[Caller/Listener]

It was better than I thought it was better than okay.

[Jim Cramer]

I thought it was a good read. I read to myself periodically, you know,

[Caller/Listener]

just, you know, at 3:00 clock in the morning, right.

[Jim Cramer]

2:47. That was the problem. I got up at 247. No, I'm not kidding. Until I discovered the wonders of chemistry. I got up at 247 every single night for over 30 years. Never 248. Never 246. It broke up a whole marriage. It was so say. It was terrible.

[Caller/Listener]

Just like clockwork.

[Jim Cramer]

It was clockwork. 247. 247. Unbelievable.

[Caller/Listener]

I'm gonna remember that.

[Jim Cramer]

247. It was like. I thought it was like some sort of time. Quiet. Twilight Zone.

[Caller/Listener]

Call your next.

[Jim Cramer]

I always woke up. I always woke up like, you know, like without the coffee, you know, like, like, like I've been to Dunkin Donuts 17 times.

[Caller/Listener]

Stock.

[Jim Cramer]

I don't know how that happened. Oh, yeah, What Stock. I'm sorry, I got a little carried away there. Having a little fun. I'm sorry. They don't pay me to do that, partner. What do we got?

[Caller/Listener]

I love you entertaining us, Jim. It's all good. You can ramble on.

[Jim Cramer]

All in all, I do all the things you're not supposed to do on tv. Every single one of them.

[Caller/Listener]

You're not just here to educate, but to entertain and make us money.

[Jim Cramer]

Thank you. Thank you. What are we doing?

[Caller/Listener]

So, Jim, I'm looking at a company, they posted some super stellar strong earnings I think about a month ago. I'm going to ask you a two part question. If I should buy, sell or hold. And if you tell me to buy, buy, Buy with the bulldog. Just tell me if I should wait for a further dip because the Martin's a little. The market's a little uncertain right now. Archer Daniels, I'm going to tell you

[Jim Cramer]

something for the first time. I'm going to give you a twofer. You gave me a two for. I'll give you two for. For the first time in like 17,000 years when I used to get up at 247, I like Archer Daniels Midland and I like Tyson Food. I'm not kidding. I like ADM and I like Tyson. You know what? And I, it's remarkable. These are two stocks that I hated since 1847. Anyway, sometimes you have to stop thinking about where a stock has been. You got to start think about where it's going to go. Otherwise you could be missing out on some big gains. I'm not kidding, but archdiocese is really right here on Man Money tonight. So be held its digital investor day earlier today. And I've got, I got the company's top brands to run through the highlights. Man, are they smart. Then Ford, they rejected me in 1983 from a job. Just wanted to point that out. Then Ford's got this new energy division. I'm going to find out what's going on with that and later on I'm going to spice things up with the CEO of Ingredient to learn more about its deal to acquire this storied Tate and Lyle. So stay with Kramer Foreign.

[Podcast Host/Announcer]

Don't miss a second of Mad Money. Follow imkramer on X. Have a question? Tweet Kramer Madmentions. Send Jim an email to madmoneynbc.com or give us a call at 1-800-743-CNBC. Miss something? Head to madmoney.cnbc.com

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[Shopify Business Owner]

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[Jim Cramer]

What do we do with the oil service stocks now that peace seems to be breaking out in the Middle east, putting pressure on the price of crude today. So be the old Schlumberger was in New York for an investor day meeting that was all about its digital business. These guys have incredible technology. It helps oil and gas producers improve their performance. It's still a real small part of their business. Roughly 7% of revenue this year. But it's growing rapidly, carries higher margins than the rest of the company. It's a modern growth business buried with an iconic institution that celebrating its 100th anniversary this year. And just one small part of what makes SLB such a special organization. Earlier today I had a chance to speak with Olivier La Pooch. He's the CEO of SLB about his digital investor day. Take a look. I have long revered your company and I'm talking about for 40 years for so many different reasons. You've given me a new one. This digital day is probably, I think seminal because it defines exactly first how hard it is to do what you do. But second, you've come up with a way to make it so all your customers can do much better. And it's through digitizing things.

[Kiana (Shopify User)]

It's through.

[Caller/Listener]

I.

[Jim Cramer]

Tell us about this fantastic day that you had.

[Olivier Lapouche (CEO of SLB)]

Yeah, well, fantastic day with investor. I think the underlying this I think is back to the role of energy to fuel the world, to fuel growth and the need for energy security, energy reliability, energy diversity and sustainability. So this needs to change and Turn into digitalization of energy operation. So digital has a role to play to completely shift and change the way this industry operates. And what we are here to explain is what we have done with our platform, with our domain knowledge. We follow partner ecosystem and for global reach to change the way this industry operates to transform digitally to use AI, to use workflow automation and to use autonomy as ultimate goal.

[Jim Cramer]

Well, what I took away from this is capital efficiencies, cycle time reduction, increased recovery, operational performance. All the things that make it so that the scarce resource that is oil is drilled more effectively, brought to the brought to the service more effectively and also of course making these companies more valuable. It seems like that without digital there's. We're kind of running out of the easy stuff, aren't we?

[Olivier Lapouche (CEO of SLB)]

No, we are the juncture point in our industry. My opinion the. The ability we have true digital to lift performance efficiency from drilling to production, to unlock recovery, to unlock the last mile more efficiently to fast track the first time for discovery from discovery to oil and gas I think is unique. And I think from planning workflow automation to digital operation to autonomy in drilling, to automate production, I think the digital can lift a lot.

[Jim Cramer]

In this and for SOB you're talking about like the way we look at a software company. You have annual recurring revenue allows me to build a model that has nothing to do with the price of oil, frankly. It has to do with what you offer.

[Olivier Lapouche (CEO of SLB)]

It's. It's decolated. We believe that this digital trend that we are seeing is here to be a secular trend. This is not cyclical growth anymore. This is durable growth. This is adding a new earnings growth engine to the company. This is here to scale. We have seen that digital operation and AI capability will help us scale the digital platform capability we have with the customer.

[Jim Cramer]

Now one thing that I caught the caught my eye was in video now but I didn't know you guys have been with Nvidia since 2008. But Nvidia is a very special partner of yours. I know that. We all know that. As I don't think people is how integrated they are in your. In your company.

[Olivier Lapouche (CEO of SLB)]

No, absolutely. I think we discover the power of Nvidia. We have true that GPU and ability to provide us high performance computing for simulation and for sesame processing 20 years ago. Since then we developed a symbiotic relationship with them. We work with them very closely in engineering and we have been lately developing this in two different directions. First, using them their source to help us tune and get our domain foundation for. For Our own domain to be tuned and to be operating at peak performance on the Nvidia stacks. That's the first thing we do. Secondly, we are working with Nvidia for the data center solution. We are working with them to take their reference architecture, the dex, to make it modular and to provide it to all data center players that want to build using the Deus Ex architecture. So we have a really close relationship with Nvidia. We have it for 20 years and we keep it to make sure that whatever we deliver as digital AI models, whatever we deliver as digital capability works best on the AI Nvidia stock.

[Jim Cramer]

In your documents, your text, it's very clear you talk about Libya. You give the example 110,000 barrels a day Libya and what you do. Maybe you can describe to people so that people understand how integrated all this technology is.

[Olivier Lapouche (CEO of SLB)]

No, we have been developing autonomous trading capabilities since the last three years and the last example we had was Libya. A company subsidiary of the national company called CTE and with this company we have used autonomous drilling to geosteer the well dynamically and be able to correct the trajectory and steer the well dynamically while drilling in the formation to optimize the well placement. At the same time optimize the sweet spot in the reservoir and optimize minimize the risk while trading. The net effect of that has been a significant improvement of the of the rate of penetration. The time we spent to do the well was halved and net reservoir pay that we access was significantly higher than in previous wells. So significant impact all enabled by autonomous training performed by a combination of hardware and digital. With the center well, it's very clear

[Jim Cramer]

you can take the data merger with with the hardware and do a terrific job. Now will that work in say Venezuela where we don't really know what's going on, but we have what we need you to bring it back?

[Olivier Lapouche (CEO of SLB)]

Yeah, I was there last week. Privilege to be there last week. Invited by the interim president of the country and by petty versa to sign a new MOU with them to help introduce new technology in particular work on digital.

[Jim Cramer]

How far behind are they versus what

[Olivier Lapouche (CEO of SLB)]

you're doing doing on digital views? It are far behind because they left what we left them with a few years back. So I think we have the opportunity to bring it back and do this. But talking back to the ability we have to tailor every of our foundation model, every of our capability, we are focusing this on fit for basic. We are facing an ability we have to tailor our capability to the basin specifics and to the formation specifics so every well we run into the Bachelor Basin will learn from this well. We'll use our model to tune it to do it better so that we at the end perform and have a different performance under those conditions.

[Jim Cramer]

And the war between Iran and United States revealed that there are shortages everywhere. We don't have enough for a couple million barrels short from energy security pretty much everywhere. So has your phone. I mean, I don't know, you probably don't have a phone anymore. Has your PC been bringing you off the hook with the need to bring this technology which because you have the date, you have the domain domain data, you have the platform, you can move much faster than everybody else?

[Olivier Lapouche (CEO of SLB)]

No, we are seeing, we are seeing the adoption of digital and the desire by customers, ioce national company and independent to be going from few pilots people concept to full scale. So this is happening as we speak. So the need for recovering more, the need for increasing the performance of drilling operation, the need for accelerating the planning, the fast tracking from discovery to appraisal to first oil and gas is creating a significant momentum into digital adoption as we speak and we expect this to accelerate going forward.

[Jim Cramer]

Well, this is a very exciting time for you guys. You're so far ahead and what really matters, I think for those of you who own an oil company, shares, whatever this is, how they're going to make more money is by bringing in the technology of SOB not because they know how to drill well, because I don't think they know how to drill well without you. Olivier Lapouche is the CEO of SOB which is the pride of an industry that I have followed forever because it is by far the best there is. Thank you so much.

[Olivier Lapouche (CEO of SLB)]

Thank you very much. Thanks for having me.

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[Jim Cramer]

Last month, Ford Motor rolled out a new business called Ford Energy, which is their bet on battery storage. In response, the stock shot up from 12 bucks, nearly $18 less than three weeks, although since then it's pulled back to just under 14. So how seriously should we take this whole idea of Ford Energy? What? What does it do? Okay, let me walk you through this. About five years ago, when electric vehicles still seem like the future of the auto industry, Ford made some major investments like everybody else, including including an $11.4 billion effort to build battery plants in Kentucky and Tennessee. Then the demand for electric vehicles just fell off. The United States international market was captured by the Chinese. In the end, Ford's electric business has racked up nearly $17 billion in cumulative losses over the past four years, and that's weighed on the stock. So near the end of last year, Ford decided to stop throwing good money after bad. They scaled back the electric vehicle emissions dramatically after they dissolved their big electric vehicle partnership with SK Innovation. As Korean firm Ford got the battery plant in Kentucky and they decided to pivot that business to supplying energy storage for the data center, the electric grid. Last month we got more information when the company formally introduced Ford Energy, that's a wholly owned subsidiary of the Ford Motor Company. At the time, management said that they've been quietly working on this effort for the better part of the year, securing supply chains, ready manufacturing sites and aligning technology with the demand for domestic energy storage, they plan to supply at least 20 gigawatts worth of battery capacity per year. That's a huge amount with the first customer deliveries planned for late 2027. That is not that far from now. We know that demand for these big backup batteries is growing like crazy because all the new data centers really can't afford to go offline. At the same time, if the companies behind the data centers want to rely on renewable fuels like solar, they need lots of storage so they can still operate when the sun goes down. Now consider the timing of last month's announcement. Ever since the market bottomed after peak Iran worries in late March, the averages have been rallying aggressively, led by pretty much any stock that's connected to the data center. When Ford Unveiled Ford Energy. They suddenly got a patine of data center exposure. And once some analysts started pushing the story, well, the stock just roared. Now, I saw this happening, but you know what? I didn't want to chase this one. And I'm glad I waited. Because this month Ford stock has been pummeled. Sell, sell, sell. This no longer feels like some white hot momentum name. With the stock backflow 14 we can ask soberly and legitimately though, if this battery business could be a legitimate reason to buy the stock of Ford Motor. Let me first say this. This is not some insane rebrand like Allbirds. The shoemaker sold its shoe business in late March, then pivoted to Newbird AI in early April in order to desperate bid to stave off bankruptcy. Hey, by the way, Allbirds just announced today it's named a new CEO and rebranded again. This time it's smartbird. Godspeed to smartbird. But this Ford move is nothing like that desperate opportunistic pivot. Ford, still an auto company that after its pullback from the electric vehicle market, suddenly found itself with a bunch of surprisingly useful battery plants. After that debacle, they had a bunch of lemons, so they decided to make lemonade. And it just so happens that this economy has a real thirst for lemonade. In time, I believe that Ford can legitimately become a real player in the battery storage space. Between their manufacturing expertise and the fact that these battery storage solutions will be made in America, I bet they could be a fairly attractive supplier for customers in search of these products, which mostly means electric utilities, data center builders. Also, until we see some signs that the ravenous demand for AI infrastructure is being sated, something we certainly haven't seen so far, then I am operating on the assumption that there will be a ton of demand for these batteries. But in the end, this is a smaller business that may pay off in the future, not something that really matters right now. Assuming Ford can hit its targets, and I don't know if it can, the energy business won't be reflected in their numbers until late next year, except as a cost. That said, Ford already looked it trades a very reasonable price. It trades to just over eight times this year's earnings estimates. 4.3% dividend yield, and again, that's before doing any battery sales. However, it's not like Ford's benefited from having a cheap stock. This thing's been a low multiple for years and it's all done. All of a sudden it's bounced on the bottom. It's been a big disappointment to me. In the end though, Ford's an automaker and it's going to trade like an automaker for the foreseeable future. Their core car business is doing okay for Now. In the first quarter, unit sales were down for but revenue was up 6 and the company had a big earnings beat. Although most of the beat came from a one time tariff refund. As an automaker, there are two things you have to worry about. Higher gasoline prices and interest rates. Ford sells lots of gas guzzling trucks and SUVs and those sales are often dependent on financing, which is less enticing when rates are high. But if the war with Iran is really coming to an end soon, something that seems more likely than ever, even if it's not a sure thing, that will keep pushing down the price of oil, resulting in cheaper gasoline and possibly lower interest rates. The Fed can't cut rates right now because of inflation and there's nothing more deflationary than cheaper oil. So here's the bottom line. I love what Ford is doing with the battery business, I really do. But it's not going to give you much lift right now. If you're thinking longer term though, I mean, I'm talking out like two, three years. That's not that that long. Well, it sure does make Ford a more attractive investment. I didn't want to recommend the stock would have screaming higher last month response to the news. But now that it's drifted down to $13.96, well, let's just say it's a different story. If you believe oil rates are coming down as I do, then you've got my blessing for the first time in many years to buy the stock of Ford Motor. Let's go to Charles in California, please. Charles.

[Caller/Listener]

Hey Jim, how are you?

[Jim Cramer]

I'm doing good, Charles. How are you?

[Caller/Listener]

Yeah, not bad. Love the program and I love your commentary.

[Jim Cramer]

Oh, thank you. Thank you very much.

[Caller/Listener]

So let's talk about space. If I came from Mars and I hear company OCI plus 93% revenue up 21% RPO 638 billion ORCL. Is there a execution issue or funding

[Jim Cramer]

issue because it's got so much debt. See, that's a problem. See, Charles, like instead of like Vertov doesn't have a lot of debt or cor. We've got a lot of debt. Core Weave and Oracle are the two outliers, man. They got a ton of debt. You take your pick there. But you know what, if you want a little spring load, I think Charles, Oracle is fine. Core Weaves, even more juiced all right, now we're going to start with Oliver in Connecticut.

[Caller/Listener]

Oliver, Booyah. Jim, how are you?

[Jim Cramer]

I am good, man. What's happening?

[Caller/Listener]

Nothing much. Just had a question about CrowdStrike. I know they've sold off after their Q1 earnings, even though they did pretty well.

[Jim Cramer]

Yes.

[Caller/Listener]

And I see that the whole mythos care is probably really going to come into play in their Q2 earnings. So I'm wondering, is this a buy now?

[Jim Cramer]

And actually, no, it came into play. It came into play in Q1 of this year. And no, it's really not brought in instant business. These are long cycle sales that George Kerr has to do. But that said, I think the second half of the year is going to be really good. The just because of what you talked about.

[Caller/Listener]

Now.

[Jim Cramer]

All right, guys, I think Ford's new energy unit makes it more attractive longer term. And you got my blessing to buy the stock here. If you think that oil interest rates are headed lower, it could be a really interesting turn here. Now, much more man money in Grivon. Now, that may not be a household name to you, but could this food manufacturer bring some flavor to your portfolio? I'm Sid Davis. Yo. And I'm digging into what's behind the latest surge in the backs and in this rally is any staying power and oily calls rapid fire. Tonight's edition of the lightning round. So stay with Kramer. I want to talk to you about a consolidator that might not be getting the credit it deserves. Kind of called Ingredient. It's a company that makes all sorts of flavors and textures for the food and beverage industries. Stocks down 10% for the year, in part because the company reported an imperfect quarter in early May. But earlier this month, Ingredient announced they're acquiring Tate and Lyle, a storied British ingredients company, for roughly 3.6 billion in cash. Now, keep in mind, this company only has 6.2 billion market capitalization. This is a huge deal that will create a powerhouse in the Ingredient space. While the market barely reacted to the news, I think it's a mistake. So let's take a closer look with Jim Zales, the chairman, president, CEO of Ingredient to learn more. Welcome back, Man Money.

[Jim Zales (CEO of Ingredient)]

Jim, it's a pleasure to be here. Thanks for having me.

[Jim Cramer]

Okay, so I'm trying to understand what the market doesn't see because basically you're consolidating the other great Ingredient company and this story. Company that's fought for its independence for a long time. So it must be a very big thing for them decide to want to combine with you?

[Jim Zales (CEO of Ingredient)]

Yeah, we're very, very excited about the merger between Ingredient and Tate and Lyle. But before going there, let me just explain what I think is going on with the share price right now. Look, the whole food sector I think has had a little bit of a cloud hanging over at GLP1 drug, etc. We've had a couple of tough quarters related to one issue at one of our manufacturing facilities.

[Jim Cramer]

Thermal issue.

[Jim Zales (CEO of Ingredient)]

We had, we had a thermal event at one of our facility in the first quarter. But you know, steadily improvements that we see on the horizon for that and we pride ourselves on execution. But the company has been on a transformation journey to an ingredient solutions provider to bring health and wellness and to be the textural innovator, the go to provider for texture in the food industry. At the end of the day, food has to taste great. For years, flavor companies have always been the premier echelon companies. And it's not just enough today to have flavor, you need textural innovation. Texture plus flavor equals taste. And at the end of the day, foods have to taste good. So Ingredient has been on the journey to be a textural innovator, but also three planks for a standpoint of health and wellness. Those being sugar reduction, protein fortification and fiber fortification. And Tate and Lyle helps accelerate that journey.

[Jim Cramer]

Okay now, but there was a time when we were talking about two commodity companies and maybe the best of what they were at commodity companies. But this is very different situation.

[Jim Zales (CEO of Ingredient)]

It's a very different situation and both companies have truly transformed themselves. So Ingredient has transformed itself. 33% of our business business today is in texture and healthful solutions. This combination will take that past 55% of the revenue. Tate and Lyle also has been on a transformation journey. It's a storied company, as you said in the uk. In fact, Henry Tate brought the sugar cube to the UK many, many years ago. They got out of Sugar in 2010, but they transformed their portfolio to be a leader in mouthfeel, sugar reduction and fiber fortification innovation. Thus the merger is quite synergistic, quite complementary to bring again the ability to drive consumer preferred innovation in the food industry, which needs it desperately right now because there's so many changes going on right now with consumer buying behavior and consumer preferences.

[Jim Cramer]

Now can you tell me what who is buying your. Your. The texture product?

[Jim Zales (CEO of Ingredient)]

So texture is ubiquitous throughout the entire food industry because again, again, there's so much reformulation around health and wellness. Front of pack labeling claims, clean label affordability. The product has to have a great texture. So honestly, our customers are the fast moving CPG companies, they're the private label manufacturers, they're the quick service restaurant companies, they're the insurgent brands. Jim, this is just an interesting statistic. 2% of the market share in the food industry goes to insurgent brands. 36% of the growth growth is coming from insurgent brands. They need ingredient solutions that appeal to healthier offerings against sugar reduction, protein fortification, fiber. And at the end of the day it has to taste great. And that's where texture plus flavor work. And we partner with flavor companies in an open innovation forum to work on behalf of customers to drive consumer preferred innovation.

[Jim Cramer]

We used to speak all the time to iffy. Now IFF did not necessarily have a lot of texture. They had, they had taste but they also had smell. And then they kind of dropped off and you know, they had some management issues. Whatever the combined company that you put together, will that be a challenger to iff?

[Jim Zales (CEO of Ingredient)]

It'll be a different company and IFF will be a customer of ours. Customer IFF will be a customer of ours. And by the way, we are a supplier to IFF as well from a standpoint of ingredients that will be used when they have their enzymes that they use. But in any case, that's an example of where we partner on behalf of the customer to drive innovation for consumers. Both companies working in partnership. So not really a competitor but a.

[Jim Cramer]

Well, the reason I mentioned is because like I'm trying to figure out, I'm trying to get over the decline of the stock because you're the answer to the consumer package goods problem. They're, they're struggling and you have the answer. And I think that people may not recognize that what you have is what they need in order to be able to differentiate themselves.

[Jim Zales (CEO of Ingredient)]

Yeah, I think that we're going to be incrementally incremental answers to many of the challenges in the industry. Again where consumers are looking for products that are lower in sugar or no sugar or higher products that are going to be higher in protein. Just an interesting little fact. The largest selling best tasting ready to drink drink protein fortified shake that is on the market right now, 26 grams of protein. We are a supplier of three different of the sweetening systems for low no calorie sugar replacement as well as the mouthfeel enhancer for that product. Equally we work on the affordability side of the equation. So a 60 calorie yogurt merger at 64 cents at Wal Mart were the supplier to help bring the texture for consumers For a family of five that's on a budget for affordability purposes.

[Jim Cramer]

Well, look, I think the merger is transformational. I think that that worldwide you guys have a huge number of plants.

[Jim Zales (CEO of Ingredient)]

When you combine combined, we're going to have I think something like 65 plants. We will have 800 food scientists and more than 50 idea labs around the world because food again is very local and that's to formulate recipes for local tastes.

[Jim Cramer]

Well, look, I think the markets got it wrong. I think this is a great plan. Anyway, I want to thank Jim Zales, the chairman, president, CEO of Ingredient Symbols. Ingr. When you see the mark, you'll see that the stocks in decline. But you hear about the merger and you know that these guys are kind of. They will be the most important company in their industry. Man. Money's back in. It is time. It's time for the white rail. Here's our rock said about steppers playing the sound and then the lightning round is over. Are you ready? Ski that on right. Scott, New Jersey. Scott. Yeah.

[Caller/Listener]

Hi, Jim.

[Jim Zales (CEO of Ingredient)]

Hey.

[Jim Cramer]

Do it.

[Caller/Listener]

My call. I wanted a your opinion on Fair Isaac Corporation.

[Jim Cramer]

Okay. This is a company a lot of people feel is going to be hurt by by AI And I gotta tell you, I like the company, but I'm not going to go there because I'm not going to get in the crosshairs anymore of these companies that might get hurt by AI it's too painful. Let's go to Matt, Massachusetts. Matt A. Booyah.

[Caller/Listener]

Jimmy. Chill.

[Jim Cramer]

Blue yard, my brother.

[Caller/Listener]

Booyah.

[Jim Cramer]

What's up? What's happening? Been following you.

[Caller/Listener]

Been following you for 25 years, bro.

[Jim Cramer]

My wife used to say I spend

[Caller/Listener]

more time with you than some of my family. Anyway, Jim, you recently called Clover Health speculative and I. I understood that though the company the company's reported Gap profitability Q1 26 guided for full year profitability.

[Jim Cramer]

No, that was good. And you could say that I was not. I was not bullish enough about it. But you see, I'm focused on how great UnitedHealth is and how great CBS is. But yeah, as a spec. That one was right. That one was right. But I like mine for the long haul. Let's go to Nick in Texas, please. Nick.

[Caller/Listener]

Hello? Tim Kramer.

[Jim Cramer]

Yes, Nick. Booyah.

[Caller/Listener]

You are the.

[Discover Advertiser]

Booyah.

[Caller/Listener]

You are the connoisseur of cash.

[Jim Cramer]

The connoisseur of cash. And here I thought that was that word was pronounced Kenosha Kosher.

[Caller/Listener]

Hey, listen, I'm calling about one of the stocks that bottom layer of your AI cake. And it was recently like a week ago. We can have is down 80 points from its high. And now it's rebounded to. It's about 60 points on the side. Not sure if I should stick with it or not. It's vista.

[Jim Cramer]

Yeah, I would. I mean, look, we're. I don't know. Look, it got. It overshot. It went too high. It's come back down and I'm gonna get. I'm gonna bless it. I'm gonna bless. I hate to call. You know, it is a falling knife. I know I would only put on like 25% of my position, but it. It's too low. It's just falling enough. Let's go to Clifford, New York Clifford.

[Caller/Listener]

Good evening, Jim.

[Jim Zales (CEO of Ingredient)]

Booyah.

[Jim Cramer]

Booyah, Clifford. What's happening?

[Caller/Listener]

I'm a retired. I'm sorry, I'm a semi retired physician who works for the Mount Sinai Health System. Oh, and I just wanted to.

To mention.

I just wanted to mention two very, very quick things. I don't know who taught your staff manners, but their parents were incredible, let me tell you. I just wanted you and Regina to know that.

[Jim Cramer]

I'm glad you said it because they really are great. I mean, when I'm with them, they were. They were brought up like cultured, you know, they were like cultured. You don't see that anymore. People are cultured. It's like that looks like a picture, you know.

[Caller/Listener]

And you actually signed a bottle of Mezcal for me when you were at Total Wines and Liquors back in Westbury, Long island, back three years ago.

[Jim Cramer]

I remember that. By the way, that's their only Total wine in New York and they have my wife's.

[Caller/Listener]

Yes, it is, unfortunately.

[Jim Cramer]

Yes, it is. I know. I was going to say say that because it really is quite a store.

[Caller/Listener]

Well, thank you for that. I just have one last question.

[Jim Cramer]

Sure.

[Caller/Listener]

I'm having some buyers remorse on a stock that you mentioned several times on your show constantly. Should I buy, sell or hold? Stryker Corporation.

[Jim Cramer]

See, I kept thinking that there would be consolidated and Striker would do the consolidating and JJ spinning off its. Its orthopedics too. And it has not come true. And I don't feel I've been wrong, Doc. And I'm kind of bummed because I think I thought that that group was Zimmer, Biomet and Stryker. I thought they would work out something and they haven't. And it's been a real tough run. And I'm sorry that Mezcal is clearly better than the stock. But thank you. And that, ladies and gentlemen, conclusion of the Lightning Round.

[Podcast Host/Announcer]

The Lightning Round is sponsored by Charles Schw.

[Jim Cramer]

This market has quietly picked up a new leadership cohort, the banks. But it's like nobody's noticing. That's because the banks are fickle. They never seem capable of mounting a serious advance for more than a few days. This time does feel a little different even after the decline we saw after Fed Chief War started talking this afternoon. The banks have a lot going for him though and so maybe this rally's got some staying power. What makes me feel confident in this group this time around? Let me explain the makings of a bank rally. First, unlike what many people think, banks tend to do better in a moderately higher interest rate environment. The trip to the higher level of short term rates, as long as it isn't too high, gives the banks an immediate jolt in earnings because the rates they charge borrowers rise faster than the rates they pay you for your deposits. That's the scenario we might be in. Well, I don't know if Chief Wash is willing to tighten. Half the open market committee indicated that they see rates trending higher. They're worried about inflation. Think the economy is strong enough to handle it? I disagree, but I don't get a vote on this. Secondly, while we do have surprisingly strong consumer that always helps them. This May retail sales number we saw this morning.9% rise from the previous month and a 6.9% increase in the May of last year. Oh, that's healthy. Delinquencies are tame, meaning people are paying their credit card bills. That's allowed a stock like Capital One, one of the big charitable trust names which got slammed by higher oil prices and to become a virtual trampoline as it offers higher interest rate credit cards. Although it did give up a lot of today's gains after War spoke third. Right now the bond stock issuance, it's just stupendous. I mean it's like. I mean it's like it feels like everybody needs to borrow. I mean Video with one of the best balance sheets in the country just raised 25 billion in the debt market. Banks profit immensely from these bond issues and they have almost no risk whatsoever. I personally IPO is fantastic source of profit too and they make a fortune from takeovers at a time. We've seen $1.2 trillion in public and private mergers in the first five months of the year. That's so much more than last year. The advisory fees from these transactions are insane. Goldman Sachs and Morgan Stanley are crushing these categories. Plus the big hyperscalers may have to keep raising money just to compete against each other. That means more business for the investment banks. Just found the profits. Fourth, we're no longer hearing about onerous regulation that ended when Trump came back in. A big bank like JP Morgan can really be a hamstrung by regulation. Now it's Prometheus unbound. The only thing we're missing are bank mergers. Now I got to tell you, I think it's time we had a few of them. We have way too many banks this country. If a bank has tremendous AI technology should be rolling up its smaller rivals right now, you know. But the only one that seems to get this is bank of Santander, run by the superb and Boutine. She's buying Webster Financial in Westbury, Connecticut. It's a brilliant acquisition, taking advantage of the loose regulatory constraints. Others should do so too. Of course. The banks are incredibly boring, a real sleeper, but the stocks are still inexpensive. The recent rally gives me hope that they won't. We just won't be chasing the same old same old over and over and over again. We can only go so far with Seagate and Sanders people's leadership. But with a relatively cheap bank like JP Morgan or Bank of America or even a Wells Fargo, they can very well be go up much more before they're even considered reasonably priced, let alone fully valued. Alex says always bull market summer products just for your year man Money. I'm Jim Cramer. See you tomorrow.

[Podcast Disclaimer Narrator]

All opinions expressed by Jim Cramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, Internet or another medium. You should not treat any opinion expressed by Kramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Cramer's opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. To view the full Mad Money disclaimer, please visit cnbc.com madmoneydisclaimer trading@schwab is now

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