Mad Money w/ Jim Cramer 8/5/26

Summary

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Mad Money w/ Jim Cramer — August 5, 2026

CNBC

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Episode Overview

Main Theme:
Jim Cramer guides listeners through the latest developments in big-name stocks, focusing on SpaceX and its investment prospects, before exploring standout earnings from Arista Networks, Elanco Animal Health, and Shopify. Regular lightning rounds and in-depth CEO interviews provide actionable investing insights and Cramer’s signature no-nonsense analysis.

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Key Discussion Points and Insights

1. SpaceX: A Long-Term Investment Case

[01:01–09:45]

• The Situation:

  • SpaceX shares are about to face a major insider lockup expiration, unleashing over 911 million shares. Cramer expects immediate price weakness:

    “There’s a very good chance this thing gets hit again tomorrow…” (01:41)

  • SpaceX closed down 13.6% for the day even while the Dow set a record.

• Cramer’s View:

  • Not for short-term traders: The near-term outlook is negative, but Cramer believes SpaceX’s future is undiminished, largely due to CEO Elon Musk’s track record in innovation and fundraising:

    “Musk will never have trouble raising money. He...raised $44 billion to buy the money-losing Twitter, for heaven’s sake.” (02:38)

• Business Rationale & Musk’s Vision:

  • Starship’s development: Musk wants to create a rapidly reusable rocket, measuring success in “tonnage to orbit” (currently 2,500 tons/year, 80–90% of Earth’s total).
  • Big ambitions: Musk aims for millions of tons/year, and is even designing for space-based data centers.
    • Nvidia’s Jensen Huang is a strong supporter:

      "The amount of energy we'll have in space is basically practically infinite. So...big plus…" (Jensen, 05:28)

  • Sci-fi ambitions: Musk dreams of factories and robots on the Moon and building toward a Kardashev 2-scale civilization.

    “You can probably scale to a thousand times the economy of Earth… as we grow towards being a Kardashev 2 scale civilization.” (Musk, quoted by Cramer, 06:40)

• Caveats:

  • Cramer emphasizes that these are hyper-long-term ideas, most appropriate for patient investors and possibly the next generation:

    “Do this: think about maybe you put some away for the next generation or even the one after that.” (08:57)

  • Compares SpaceX to old 100-year railroad bonds, with potential for generational returns.

• Starlink’s Current Success:

  • 1.7M new internet subscribers this quarter, now in 167 markets.
  • Attacking established telecoms:

    “They’re gutting for Verizon, AT&T and T-Mobile customers. Those stocks rolled down today.” (07:10)

  • Notable user buzz:

    “Customers are flying shorter hop flights instead of direct, so they can ensure that they are on a Starlink activated flight. They've never seen this in the business before…” (Musk quote relayed by Cramer, 08:19)

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2. Lightning Round Highlights

[09:45–12:31, 39:37–43:20]

• Sofi (SOFI): Cramer is overall positive for long-term investors but notes fintechs like Sofi/Robinhood are temporarily out of favor in rotation back to big banks (10:30).
• Sterling Infrastructure: Suggests buying incrementally on weakness due to recent hedge fund hits (11:20).
• CME Group & CBOE: Likes both due to their near-monopolistic status (39:57).
• Alcoa: Improvement noted, but still too commodity-driven; prefers Howmet Aerospace (40:07).
• Denison Mines: Not keen; history of underperformance (40:30).
• HCA Healthcare: Advises waiting a quarter after a disappointing result before adding (41:07).
• CrowdStrike: Strong endorsement, citing leadership and market position (41:30).
• Rocket Labs: Pure speculation; Cramer prefers Voyager (41:54).
• Fortinet: Likes it in the broader cybersecurity space alongside Palo Alto and CrowdStrike (42:23).
• Hubbell: Praises it as a solid American industrial; suggests holding through dips (43:04).

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3. Arista Networks: Beating the Odds in Data Centers

[14:27–23:01]

• CEO Interview: With Jayshree Sreelal (Chair & CEO)
• Results:
  • Record $3B revenue quarter; 50% stock gain since February.
  • Success attributed to software platform extensible EOS and AI platform focus (15:28).
• Competitive Edge:
  • Works as both Nvidia partner and competitor, but focuses on network diversity and broad compatibility:

    “The name of the game here, Jim, is diversity… with one network, which is hopefully Arista.” (Sreelal, 16:15)

• Supply Chain Mastery:
  • Sreelal highlights proactive measures: tripling purchase commitments, securing multilayer vendor agreements.

    “Memory is the new gold.” (19:26)

• Broad Customer Base:
  • Moving beyond “Titans” (hyperscalers) to reach 'neo clouds’ and sovereign AI projects globally (18:01).
• Leadership Philosophy:
  • Emphasizes teamwork and recognition:

    “What did it cost you to say all those great people's names on the call? The answer is nothing. But what did it mean? A lot to them.” (Cramer, 21:55)

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4. Elanco Animal Health: Innovation Yields Outperformance

[24:13–31:25]

• CEO Interview: Jeff Simmons
• Stock Divergence: Elanco up 85% vs. competitor Zoetis down 50% over 12 months.
• Key Drivers:
  • Six major innovative medicines for both pets (ticks, allergies) and livestock drive results.
  • Specific products: Cordelio Quattro (broadest tick/parasiticide), Zenrella (dermatology for dogs), new monoclonal antibody therapies.

    “We picked up 3,000 clinics. We're over more than half the clinics in the US, 7 points of market share in the first half.” (Simmons, 25:52)

• Livestock Strength:
  • “Protein revolution” fuels growth; U.S. farm animal sales up 10% vs. pet health up 5%.

    “Healthy animals create more affordable protein… Our ruminant cattle business grew 17%.” (Simmons, 30:04)

• International Outlook:
  • Parasiticide markets growing double-digits internationally.

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5. Shopify: Small Business Powerhouse Thrives in the Era of AI

[31:44–39:19]

• CEO Interview: Harley Finkelstein (President)
• Wall Street’s Error:
  • Critics wrongly feared Shopify would be replaced by AI or lose business to coding automation.

    "Shopify has been famously underestimated well before the IPO. And I don’t mind that. I like proving them wrong." (Finkelstein, 33:00)

• Blowout Q2:
  • GMV: $116B; Revenue: $2.6B; Gross profit: $1.7B; FCF: $654M.
  • Fifth consecutive quarter of >30% GMV growth.
• AI and Small Business:
  • Shopify integrates AI via “Sidekick”, an AI assistant for merchants; accelerates time-to-first-sale:

    "Every 26 seconds, a brand new entrepreneur gets their first sale on Shopify." (Finkelstein, 37:41)

  • AI-driven sales especially help small and niche merchants connect to customers.
• Global Expansion:
  • International GMV up 37%. New big-name customers include Avon, Elf Cosmetics, and more (34:23).

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6. The Semiconductor/AI Ecosystem: No "Winner Take All"

[43:35–47:08]

• After Interviewing AMD CEO Lisa Su:
  • Cramer rebuts the “winner take all” narrative in the AI chip space (Nvidia, AMD, Intel all valued):

    “There may be trillions of dollars in CPU and GPU demand by 2030. And if you think Nvidia can capture all that by itself, I like this, like what are you smoking?” (44:25)

  • Stresses the importance of not falling for false dichotomies; multiple companies can and will thrive.
• Parallels: Same logic applies in retail and cybersecurity—room for many strong players, not just one.

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Notable Quotes & Memorable Moments

• On Musk’s Fundraising Ability (SpaceX):

  "He usually raised $44 billion to buy the money-losing Twitter, for heaven’s sake. So I bet he’ll have no problem raising a couple hundred billion dollars here…" —Jim Cramer (02:38)

• On Space Data Centers:

  “The amount of energy we'll have in space is basically practically infinite. So I think that's a very big plus...” —Jensen Huang (05:28)

• On SpaceX's Suitability for Long-Term Holding:

  “Do you think your children, or if you're older, your grandchildren won't be doing stuff on the moon someday?” —Jim Cramer (08:57)

• On Arista Networks’ Supply Chain:

  “Memory is the new gold.” —Jayshree Sreelal (19:26)

• On Shopify’s Surpassing Critics:

  "Shopify has been famously underestimated well before the IPO... I like proving them wrong." —Harley Finkelstein (33:00)

• Entrepreneurial Speed at Shopify:

  “Every 26 seconds, a brand new entrepreneur gets their first sale on Shopify.” —Harley Finkelstein (37:41)

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Important Segments & Timestamps

| Time | Segment | |-----------|---------------------------------------------------| | 01:01–09:45 | SpaceX analysis & generational investing advice | | 09:45–12:31 | Lightning Round pt. 1: SOFI, Sterling Infra, others | | 14:27–23:01 | Arista Networks interview: data center & AI boom | | 24:13–31:25 | Elanco Animal Health interview: innovation in pet/livestock health | | 31:44–39:19 | Shopify interview: AI, entrepreneurship, SMB growth | | 39:37–43:20 | Lightning Round pt. 2: CME, ALCOA, Denison, HCA, more | | 43:35–47:08 | Semiconductor sector: AMD, Nvidia, ecosystem analysis |

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Summary Takeaways

• SpaceX: Interesting opportunity for long-term, patient investors; expect near-term turbulence but generational upside, especially if Musk remains involved.
• Arista Networks: Thriving due to AI data center demand and superior supply chain strategy.
• Elanco Animal Health: Innovative veterinary products have driven strong outperformance, especially in tick and allergy treatments for pets and protein solutions for livestock.
• Shopify: Defying “AI will replace you” fears, Shopify is accelerating merchant success and being embraced globally, powered by AI.
• Lightning Rounds: Cramer continues to advocate for solid, long-term plays amid market noise, and guides listeners on both value stocks and high-risk specs.
• Semis/AI Chip Space: No single winner; huge future demand means multiple top players (Nvidia, AMD, Intel) will benefit.

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Cramer's Bottom Line:
Don’t buy into “winner take all” hype—multiple leaders can (and will) emerge in the biggest growth industries. For generational wealth, eye opportunities with visionary leaders (Musk/SpaceX) and clear market demand. Stay patient, stay diversified, and use present volatility to build positions in long-term winners.

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Transcript

[Narrator/Announcer]

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[Jim Cramer]

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 Kramerga. Other people made friends. I'm just trying to make a little bit of money. My job is not just to entertain, but to do some teaching. Educate you. So call me at 1-800-743-CBC. Tweet me imklaymer tonight. Tonight I'm breaking four. We're gonna do some personal finance, some estate planning, some advice for parents of newborns, a long term concept, maybe a new way to look at things for children or even better, grandchildren. Yep, tonight I'm talking about an investment in Space Exploration Technologies Corp. Otherwise known as Space X. Elon Musk brainchild. So while the dow shot up 263 points, a record close, SB dropped.17%. Nasdaq declined.83%. I'm going to pivot and talk about SpaceX, which was down a hideous 13.6% today. You know why? Because one day I think this stock could be a huge winner. I just don't know when that day will come. I do know this. 911.5 million shares of Space X will be unlocked free tomorrow. Meaning various insiders will be free to sell a big chunk of previously restricted stock. Now that is a ton of shares and Then some. Historically, that means tomorrow is likely to be a bad day for Space X. Make no mistake, there's a very good chance this thing gets hit again tomorrow. Even as pretty much anyone connected the stock in the profession seems to be aware of the avalanche of stock coming at you and a lot of people have shorted ahead of it. And that's why I want to take this moment to explain why the stock might be valuable years down the road. Again with the caveat that I don't know how many years or even which road. But you know what? It doesn't matter. I'm not being facetious here. This is Elon Musk we're talking about. Quite possibly the greatest business person of our time. Because of his success with Tesla, he's been able to raise all the money needs to get the job done. So even as skeptics may blanch about the long term viability of the company is so much mammoth ambitions that need so much cash. I want to talk the other way and say that Musk will never have trouble raising money. He usually raised $44 billion to buy the money losing Twitter, for heaven's sake. So I bet I'll have no problem raising a couple hundred billion dollars here, or maybe a few hundred billion dollars there, or possibly much more when Space X has a line of sight to profitability. He has that many accolades, that many true believers, many of whom have enough money to help his cause as long as he's there. I think this one's good to go, which is one of the reasons I like the story. But for the extremely long term, what do you get? What do you get with this stock that may pay off in the distant future? Maybe not fast enough for you, but just in time for your kids or grandkids. Let's delve into last night's earnings presentation because it told us a ton first, Musk is developing a rapidly reusable rocket with starship. Musk makes this one a little tough to understand because he measures success in terms of tonnage to orbit new metric. For me, it's a good apples to apples metric though. Right now SpaceX is delivering 2500 tons a year to orbit via one of these rocket classes, the Falcon. In his words, that's 80 to 90% of total Earth based orbit per year. So he's got the edge on everybody else. He has aspirations to send up millions of tons per year. One of the primary uses he wants ultimately to perform is to install data centers in space. Don't laugh, don't snicker. Even sure they're heavy, but the entire goal of the space business is to be able to send up heavier and heavier goods. It's kind of what he's great at. Better than everybody else in the world. I know the idea of a data center in space sounds kind of crazy. Sure you can save on air conditioning, but is that really enough? Look, you know who believes in the concept? The person that maybe I trust the most in business? How about Jensen Wong, the visionary CEO of Nvidia? As far as I could see right now there are no physical limits, there's no laws of physics limitation. There are a lot of technical challenges. Some things are way easier, some things are way harder, of course. But one of the things that's really terrific is that the amount of energy

[Caller]

that we'll have in space is basically practically infinite. So I think that that's a very

[Jim Cramer]

big plus and a really great motivator and a reason to, to really endeavor to put data centers out in space. Sure, Jensen stands to win here. I know that he's talking his book. Yeah, Musk has committed space XP in an all Nvidia house. So they'll make the GPUs for these data centers in orbit. But so what? He's a believer. It's not idle and it's not far fetched. A lot of sun, very cold. If that's the case, why am I only recommending SpaceX for the Uber patient? Well, that's because of comments like this that I'm about to give you that do sound like science fiction and probably scare some of you or make you think. Wait a second, will you give me a break? Listen to what Musk had to say on SpaceX's conference call last night. I know this sounds totally nuts, but you can, you can probably scale to a thousand times the economy of Earth in terms of intelligence launched to space, but probably, you know, maybe even a million times. So we are going to land a lot of tonnage on the moon. We're going to build the factories on the moon. The robust will be helpful with that. And then it's like, well, how much intelligence would you like as we grow towards being a Kardashev 2 scale civilization? See, that's going to make people uneasy and I get that. But I'm a believer in Musk. He sounded a little too much like Conrad Hilton. The third season of Madman there. Though still, when you look at the business, it's got a lot going for it. Keep in mind SpaceX has Starlink, a worldwide satellite, Internet and mobile service. System that I think is better than what you're using now. I have it. It's unbelievably fast, high quality, costs much less than a regular provider. There's service availability in 167 markets. They just signed 1.7 million Internet subscribers this quarter. And on the mobile side, they're gutting. I mean, they really are gutting for Verizon, ATT and T Mobile customers. Those stocks rolled down today. As Gwynne Shotwell, president and CEO, said on the call, I anticipate us to be able to acquire quite a few of their customers because I think our service will be better, end quote. Again, as a customer, I believe that. By the way, I'd much rather hear about Starlink than moon robots, but the latter are a lot more fun. Are they now? Musk says they're quote, unquote, already the choice among airlines with outstanding customer feedback, but still have significant room to growth. In fact, he goes on to say, we have heard from one of our airline customers. Shockingly, customers are flying shorter hop flights instead of direct, so they can ensure that they are on a Starlink activated flight. They've never seen this in the business before, end quote. Finally, you're getting a huge amount of computing power which will either be used by SpaceX or rented out for a considerable amount of of money, some of which has already been rented for billions upon billions of dollars. Very shrewd. We talk about this stuff all the time. The world's hungry for compute. No one knows how to use it better than Musk. It can be used for a bunch of other Space x businesses, Grok 4.5, which is getting better with every each release. The younger people tell me it's being used for acts, which remains very important. It's used for cursor, a popular tool owned by SpaceX that can help write code. Now, I've given you lots of shorthand about what this company does tonight. I don't want to make it sound like child's play. It's anything but. Full disclosure, I would never recommend SpaceX if Musk weren't involved. I know this company will need far more money than it currently has, but unlike so many others, I'm confident that Musk can raise all the money he needs and see this through. Maybe you don't believe me. Do you think your children, or if you're older, your grandchildren won't be doing stuff on the moon someday? Do you think that orbital data centers won't make sense? Even they can get all the power from the sun and all the cooling for space nobody lives up there might end up being the only place that the politicians let us put them. So do this think about maybe you put some away for the next generation or even the one after that. Hey, back in the day people bought hundred year railroad bonds that paid off don't buy. Here's the bottom line. Space x could be 100 year piece of paper too maybe imagine if that way like 100 year railroad bomb with a heck of a lot more upside but no pressure. The stock could go lower because that lock up expiration just mentioned. So you got plenty of time and plenty of space. How about Dustin in Oklahoma? Dustin?

[Caller]

Oh yeah Jimbo, how you doing today?

[Jim Cramer]

I couldn't be better, thank you. Feeling like feeling. Feeling peachy. Feeling peachy.

[Caller]

But it's been a great last few days. Hey real quick I never do this but I just wanted to give a quick shout out to my father. It's his 71st birthday today. Randy, he's the one that got me

[Jim Cramer]

involved in individual stocks and that's just like my friend.

[Caller]

I thank you both.

[Jim Cramer]

Don't be mind that shout out at all. I think that. Happy birthday. Happy birthday to you Dan.

[Caller]

Thank you, thank you.

[Jim Cramer]

I love it.

[Caller]

So we just went to San Diego for a family vacation where I grew up and showed my family around and football season starting. I'm a Chargers fan so I took my family to go see this stadium. This stock has been raised bound from 16 to 19 over the last six months. What are your current thoughts on Sofi? I'm a long term investor but I want to hear what you think right now.

[Jim Cramer]

Okay look, Sofi Robinhood, a bunch of these fintech companies have kind of been in the doldrums as people said. You know what we're focused and we're going to go right back to the old J.P. morgan's and bank of America's a bank New York. So I think what you're doing is you're seeing a shift toward the old. It'll come back to the new. Take your time. So far is good. I would own it. BK in Massachusetts. Bk.

[Caller]

Professor Kramer, this is BK from Massachusetts. It's a pleasure to speak to you again.

[Jim Cramer]

Oh thank you. Good that you call.

[Caller]

Yes. So I have a question on Sterling infrastructure. Right. I know you, you know them on previously but the stock recently after earnings it's been cut down pretty, pretty significantly. It's almost cut in half. So want to get your take if it should be such a good buyer.

[Jim Cramer]

Okay, sure. Look, I think this thing got caught up in that whole situational awareness hedge fund where these kinds of stocks went down and what it's doing is giving you another chance to get in and I would take advantage of that. Don't buy it all once. $500 stocks tend to drop very quickly and then you get a chance to buy a little more and more cheaply. Anyway, Look, I think SpaceX will go lower maybe before it goes higher because of this big chunk of freed up stock that will trade tomorrow. But maybe that's a chance to get in a very long time story. You got to think like that on Man Money tonight. Arista Networks just delivered another terrific quarter. So what's ahead for the networking equipment company after an already strong 2026? I'm finding out with the CEO. Then with the school worm and tick threats hitting the veterinary health space, I'm going to sit down with the industry leader Elanco to get a sense of where things stand and how companies are positioned. And then one of my all time favorites, Shopify just hit an all time high after earnings. A lot of people were stupid enough to short it and I call them that. I don't mind. I'm a believer. I'm going to get the latest with the company's top brands, so stay with Kramer.

[Narrator/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. Missed something? Head to madmoney.cnbc.com

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[Jim Cramer]

What made you confident that you could

[Julia Boorstin]

do something that hadn't been done before? I have no fear of Failure Trailblazing women, Changing the game One of my

[Jeff Simmons]

favorite pieces of advice, think about what your boss's boss needs.

[Julia Boorstin]

Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and you just gotta think big to accomplish big things. Julia Boorstin hosts CNBC Changemakers and Power Players. New episodes every Tuesday, wherever you get your podcasts.

[Jim Cramer]

Last night we got still one more fantastic quarter from recent Networks. The networking equipment maker with a ton of exposure to the data center after spending July in the doldrum. Stocks put on fire like every other I play. It tacked on almost 4% today thanks to these incredible results. Arista posted a sizable revenue beat and a 13 cent earnings beat off an 89 cent basis. They also gave strong guidance for the current quarter and raised their full year revenue forecast. At this point, the stock is now up about 4 50% since we spoke to the company in February. Can it keep running? Let's check with Jay Sri La. She's the chair and CEO of Networks JP welcome back to Money.

[Jayshree Sreelal]

Hi Jim, it's always good to be with you.

[Jim Cramer]

It's great.

[Jayshree Sreelal]

How are you?

[Jim Cramer]

I'm doing fine, thanks. And one of the reasons I'm doing fine is that once again you crushed it. And it's not just up 50%, but the fact is is that you had your first $3 billion revenue quarter. This is a remarkable journey from when I know I first met you. What is behind the strength in this $3 billion quarter?

[Jayshree Sreelal]

Great. It's great to be here, Jim. Just to put this in perspective, just five years ago our entire year was less than 3 billion. So clearly we have a remarkable set of customers, a great team and the best of breed products ever. But the secret sauce that's putting all this together is our software, our extensible eos and the fact that AI is not just a point product for us anymore, but is really a platform to construct these AI centers as I call it now.

[Jim Cramer]

I do think that people need to know. I mean in your conference role you're a partner with Nvidia, but you also have to go against a video. They've got, they've got a stack that competes with you. How are you ever able a little company be able to win business that might have gone to Nvidia?

[Jayshree Sreelal]

Well, first of all, yes, we are a little company relative to Nvidia. Everybody starts out little before they become bigger. And I have enormous respect for what Nvidia has accomplished. If Nvidia and Jensen did not build the GPUs I wouldn't be here to service their networks. Right. So when you look at the entire stack, if you will, there's the data centers and the physical power infrastructure, then there's the XPUs, Nvidia being the market leader, then you have to have a network. You need a foundation to build a good house. And then of course, you have the diversity of models and applications and agents. So if you don't have a good network, what happens, whether it's Nvidia or other xpus, is you end up idling in a state where your processors are extremely inefficient and these are very expensive assets to leave idling. So we feel very blessed to be working and connecting to the Nvidia GPUs, but I'm equally excited to be connecting to the Google TPUs or the AMDMI series, as well as a range of accelerators that are coming out in the market. So the name of the game here, Jim, is diversity, Diversity of accelerators and diversity of models with one network, which is hopefully Aristotle.

[Jim Cramer]

In the years we've been talking to each other, we talked about Titans. You introduced the term. I like it much more than hyperscalers, by the way. But there's a new big wave of customers and they're choosing you too. So you're somehow penetrating into the next level of the new guys. How is that working? How come you're able to get in there?

[Jayshree Sreelal]

I think I like the name Titans to hyperscalers makes it sound like, you know, they're very hyper, but they're actually very methodical and only you can get away.

[Jim Cramer]

I couldn't say that. Couldn't say. People say, oh, he's a comedian, but you're right in the thick of things. So I'm going with what you have to say. Go ahead. I'm sorry.

[Jayshree Sreelal]

Well, we'll. We'll go with a side job together. But what I was going to say is the Titans have done a fantastic job of not only building our cloud computing, but now layering AI on top of that as a fabric so that they can connect their back end and their models with the front end and the CPUs. So the same Cloud Titans are now becoming AI Titans. But the point you bring up is an excellent one too. There's an increasing number of Neo Clouds that are creating this massive amount of augmentation, be it inference, accelerators or training, because power, space and compute capacity is at a real constraint right now. So we need both. We need the large Titans to build these megawatt data centers, but we need the smaller distributed ones as well to complement that. And then you add sovereign AI to it. And different geographies have their own limitations. So it would be very difficult to build a worldwide AI fabric with that, with just the Titans or one suite of customers. You need a mix of all of these hybrid possibilities right now you brought

[Jim Cramer]

our attention to this problem of supply chain, particularly memory. You were the first person to mention it. I think a lot of people were pretty glib about and figured, you know, look, these are commodities, just pit them against each other, you get what you want. How do you see it coming? And it's really made it so that you are even more competitive than ever because you have memory.

[Jayshree Sreelal]

I think I told you the last time I was here, memory is the new gold. I think, you know, you need to have the gold standard in memory. And we are very proud to partner with the absolute best memory leaders in the world. But this has been a tough journey. I was a little more of a Debbie Downer in the last quarter about this, if you may recall, because frankly I believe in sharing the good, bad and ugly with our shareholders. So last November we saw some shortages in memory, in optics, in silicon substrate, wafers, chip components. And we began to work on it. And you can see our purchase commitments for components has tripled in the last year. So one way we're really leaning into all of this, including memory, is by planning ahead and buying more. Because many of these have lead times of six to 12 months. The second thing is an outstanding leadership team. If you don't have the people executing, executing, you can plan all you want, but you have to bring it in and bring it home. And the third thing I'm most grateful for that improved significantly in the last few months is our partnerships with key vendors. We signed some fairly large commitments and multi year agreements to make sure we can be assured of supply. Because at this time of supply chain, which I believe is an industry wide phenomena, for two years, the best thing Arista can do is work with our partners and commit to supply over these two years. So I think these three, this three pronged approach is going to really help us. Doesn't mean we're out of the woods and doesn't mean there won't be more tight supply or rising components. But we feel pretty good about our execution.

[Jim Cramer]

Let me ask you, I've never talked about a company that we have on. You've probably seen them. That probably is a great, great, let's say window for you, which is Snowflake, I mean could you tell from Snowflake also that this problem is going to occur because they're scrappy like you and they're great like you?

[Jayshree Sreelal]

Well, I love what Frank and Sridhar have done at Snowflake and I'm privileged to have an inside view since I'm on the board. But I think we saw this problem from actually our customers first because they needed to start planning, building these data centers, getting the power and compute almost 18 months to two years. Snowflake is certainly on the fourth or fifth layer of the stack where they're building the infrastructure. But I needed to get down to the brass stack. Where's the power, where's the building, where's the real estate, where's the cooling? And that gave me an inside view into how we would connect to that appropriately in the next several months. So I think the earliest preview was from our customers putting in the capacity.

[Jim Cramer]

Well, I know that's because you're hands on. Although you do give an exhaustive amount of credit to people who do a great job at your company. Been reading a lot of conference calls in my career and you have more names and I think people should recognize when you do that it motivates people and it doesn't cost you anything to mention great people. What did it cost you to say all those great people's names on the call? The answer is nothing. But what did it mean a lot to them? You know it does.

[Jayshree Sreelal]

You know, I absolutely does. Since you and I are probably similar in generation. I'm a big fan of. I get all the credit and debit, but as you know, it's the team behind me. Right, right. And it's like, it's like the Beatles. So we're a Beatles team here of a lot of people executing and I haven't yet figured out if who the lead singer or guitar player is, but we certainly work like a team.

[Jim Cramer]

You don't need to do that. But we do know that you do run the company and you do a fabulous job. J Sreelal, chair and CEO of Arista Networks, a company that we have liked from your first crisis. When you talked about your first. I'm not even gonna bring it up, but you solved it just like everything else you do, man. Bunny's back here for the break. Thank you. Thank you, J.

[Narrator/Announcer]

Coming up, returns have been healthy for Alenco Animal Health. So Kramer's checking in after the quarter with the CEO. Next with the Discover cashback card. It's payback time when you earn cash back on everyday purchases. Activate and earn 5% cash back at different categories each quarter on up to $1,500 in purchases. That's 5% cash back at different places each quarter. Like grocery stores, on gas and at restaurants, it pays to discover terms apply. See discover.com 5 for details.

[Jim Cramer]

What made you confident that you could do something that hadn't been done before? I have no fear of failure.

[Julia Boorstin]

Trailblazing women, changing the game.

[Jeff Simmons]

One of my favorite pieces of advice, think about what your boss's boss needs.

[Harley Finkelstein]

Leadership can look in many, many different

[Julia Boorstin]

it really does come down to just trusting yourself. Life is short and you just gotta think big to accomplish big things. Julia Boorstin hosts CNBC Changemakers and Power Players. New episodes every Tuesday, wherever you get your podcasts.

[Jim Cramer]

Normally, stocks in the same industry trade together. We've seen a pretty wild divergence in the veterinary pharmaceutical space. Just in the last 12 months, Elanco Animal Health is up 85%. So Wetas has been cut in half. After years of trading sideways, Elanco finally came up with a handful of very impressive products for some major end markets. Now they're taking share and taking names all over the industry. This morning they reported an excellent set of numbers, beating estimates on every key line. Organic sales up 8%. Magic also raised their full year forecast. Initially, the stock traded up more than 9% in early trading, although eventually push pulled back a little bit. Session up 2.4%. But this was still a great quarter. So let's take a closer look with Jeff Simmons. He's the presidency of Lanco Animal Health. More about what's going on. Simmons, welcome back to Mad Money.

[Jeff Simmons]

Hey, great to be here, Jim. Thank you.

[Jim Cramer]

All right, so Jeff, it looks like it's innovation that's really driving the outperformance. Maybe you can talk to us about the big six as. I like that when I read through your packet, there's clearly some, some very big drugs that are really driving things.

[Jeff Simmons]

Yeah, I guess maybe that's our number, right? I think I just told the team today this probably our best six months, Jim. The first six months of this year and since our IPO in 2018, you know, it's probably been built over the last six years when we acquired Bayer and really started building this. But if you lean in and say what's driving it? And these, these big six innovations, without question we've got differentiated innovation. These are what we believe are best medicines. And the market share we've been taking over the last year and a half, you can see that in big markets, Jim. So, you know Parasiticides and derm. Let's just take those two. On the pet side, $6 billion market, we got Cordelio Quattro, broadest spectrum product. We continue to, you know, build out. When you look at four dimensions of differentiation, fast tick kill ticks are up right now in terms of the prevalence, you know, just overall in terms of the products, you know, spectrum and tapeworm. We picked up 3,000 clinics. We're over more than half the clinics in the US 7 points of market share in the first half. So that's a billion and a half dollar segment in itself that we've got an early innings on taking share. We got a long Runway and then over in Durham, the itching dog. $2 billion market growing in and outside the US and we we've got Zenrella and Zenrelli has done tremendous. I mean it is the product that we think it works, it works really well. Again we're in more than half the clinics and we're climbing share in a significant way. And we're introducing now another one of the big six right now, Befriend A, a MAP product, monoclonal antibody. This is that kind of allergy shot six to eight weeks and we're bringing that to the market cantily. We can't quite meet the demand out of the gate because the demand so high.

[Jim Cramer]

How does that.

[Jeff Simmons]

Big markets, best medicine, lots of shit.

[Jim Cramer]

How does that mean you can't quite meet the debate? I mean this is just something it new that was where there was nothing else before.

[Jeff Simmons]

Is that what happened now there is a product, you know, a competitive incumbent there. But I would say we're bringing a product. We think we've got a differentiated label. This is six to eight weeks. So a little bit more extended relative to the competition. And I think, you know, the market wants Durham itching dogs. What a veterinarian wants to do is they don't want a pet owner to return saying hey the dog is still itching and Zenrelly has done a masterful job. We're now 47 countries with this product and we've taken number one spot in Brazil and France already with Zenrella. So here comes, here comes a monoclonal antibody and we're just simply in the early stages of ramping up the manufacturing.

[Jim Cramer]

If you mentioned something that I don't think people realize, really bad problem ticks, they've gotten worse. There's also some new kinds of tick, this Lone Star tick and it's really scaring people, it's scaring people from their pets. We're afraid. So what are you doing to help us?

[Jeff Simmons]

Yeah, no, there is no question. You've seen more and more written about it. It comes back to what I talk a lot to the human pharmaceutical planet. This one health challenge. You're seeing more and more things that are coming between both the animal health and the human health. And we're leaning in heavy here. So look, we just published our second data on quick speed of kill to ticks better than the incumbent products that are out there today. And this, this matters to pet owners, it matters to veterinarians. The blacklegged tick is another one. And that's where we've got the strong differentiation and you know, the transfer over to Lyme disease as we're seeing a prevalence there. So for Cordelio Cuatro, we see big differentiation here. And by the way, with quattro, we're just getting started in international markets. That international market is growing double digit.

[Jim Cramer]

Okay, so what is the resistance? I mean if you go to a, say you go to a vet and the vets say, look, I've, I've had really good luck with this other medicine. I don't know why I want to switch. Is it that kind of thing?

[Jeff Simmons]

No, you know, look, we're very happy to say picking up 3,000 clinics in one quarter when there's 30,000 clinics in the United States. I mean our ramp rate is beyond, I mean it is, it is speaking that we do have a very differentiated portfolio right now. And you know, when you walk in and we had the Parvo product for a monoclonal antibody that entered us into a lot of new clinics. Then we come with a Quattro into the parasiticide market. Now a derm product in a second derm. We're picking up leadership in a portfolio where to a veterinary clinic. Today we mean more than we've ever in 70 years as a history of our company.

[Jim Cramer]

Speak to me about, about livestock. There is without a doubt. I mean for instance, we were did a lot with restaurants in the new world. Screw worm, that hurt the beef business. But you're obviously on top of things. Where are we with livestock?

[Jeff Simmons]

Yeah, look, look, we've got a protein revolution going on. You and I talked, I think five years ago where maybe animal protein was under threat. Where, you know, meatless Mondays and where are we at with the plant based? And it came back to three things, right? Taste, cost, nutrition. It's got to taste good. The nutrition wellness movement around animal protein is crazy and it's a good thing. And the farmer Global farmers stepped up Last year, Jim, first time in 30 years, farm animal outgrew pet health 10% to 5%. So healthy animals create more affordable protein. And we're seeing this across the board. Our ruminant cattle business grew 17% better.

[Jim Cramer]

All this growing species, ruminant is a word that's new to our viewers. You got to say what that means because we looked into.

[Jeff Simmons]

Yeah, yeah, so cattle, so right, yeah. Dairy. Dairy and beef. Right. So what you're seeing today in this is, look, GLP use, animal protein is increasing consumption, an aging population, muscle retention, you know, and then just hey, like my kids, everybody wants more grams of protein and they want them from milkshakes to cottage cheese to meat sticks. And the American farmer and these protein companies have done a great job of bringing more products that taste well, that people want to get their grams of protein well.

[Jim Cramer]

I gotta tell you, Jeff, it's been a great journey. You told me this could happen. You made the combination, now you're getting the balance sheet better. It really is a joy to see it that you. Everything you said you could do, you've done and more. I want to thank Jeff Simmons, presidency of Elanco Animal Health. Thank you, Jeff for coming on the show.

[Jeff Simmons]

Thanks, Jeff.

[Jim Cramer]

Thanks for having me, man. Money's back in.

[Narrator/Announcer]

Coming up, is it time to buy, buy, buy Shopify. Kramer's finding out where things stand with the top rest next.

[Jim Cramer]

Last month, all sorts of stocks that have been kept down by worries about AI competition finally got the group back. That includes ones that should never have been down in the first place, like Shopify, which makes tools that help businesses grow their e commerce operations. Sure, there are software tools and everyone assumed all things software were endangered. A world where AI platforms can write code. But Shopify's customers are mostly small, medium sized businesses, not big corporations that can use AI to replace their software. Plus, Shopify pointed out that it was leading to a boom in business formation, which is actually good for their business. Sure enough, when Shopify reported this morning shot the lights out, posting a magnificent top and bottom line beat with very strong guidance for the current quarter. In response, the stock justifiably soared 17%. Can it keep running? Let's dig deeper with with Harley Finkelstein. He's the president shop I get a better sense situation. Mr. Finkelstein, welcome back to Mayor Money.

[Harley Finkelstein]

Jim, it is always so great to be on your show. Thank you for having me.

[Jim Cramer]

First of all, congratulations. And I got to dig deeper in this because no matter what, I'm so angry at people who basically said you know what? Shopify is going to be eaten by vibe. Code as a small medium sized business could somehow obviate you when you do so much more than just fulfillment. Explain how people could be so wrong and why you knew you stick your knitting.

[Harley Finkelstein]

Well, first of all, I've been coming to your show Jim for I think 11 and a half years since the IPO I've been coming on your show. So I mean Shopify has been famously underestimated well before the ipo. And I don't mind that. I like proving them wrong. But let's just say it bluntly. Q2 was an incredible quarter for Shopify. But not just only in terms of metrics, also in terms of demonstrating that we are the commerce infrastructure company for the world. And if you look at metrics to begin with, GMV which is the amount of sales from our merchants was $116 billion. Revenue was 2.6 billion, gross profit was 1.7 billion and free cash flow was $654 million. That means we delivered more than 30% growth across every metric this quarter. And at this scale our GMV was more than the GDP of over half the countries in the world. So I think the best part about this Jim is this is not just a one off quarter. It was our fifth straight quarter of GMB growth above 30%.

[Jim Cramer]

I think it's also important for people to know there's all you got to do is send your link. I mean I don't think people do. They've used you recognize all the stuff that goes on behind and that was the initial you first explained. It's more complex than ever because now it is a levered on it. You have to understand all these different things or you just let them you do it. And I think people don't realize they can't do it without you is what's really occurred.

[Harley Finkelstein]

Well that's right. We are powering every size and every shape of business today and also leading the companies of tomorrow. So if you think about names, the big names that came to Shopify this quarter. Guess. Avon, Elf Cosmetics, Canada Goose, Klairs, Burton, Bed Bath Beyond. It's going really well for the big guys and also our growth is surging internationally. GMB was up 37% on our national side. So what you are watching is us taking our position as the commerce infrastructure of the future. A unified stack best in class checkout and leading us into the era of AI. And I want to talk a bit about AI because I think agentic commerce is changing shopping and the Merchants on shop. The millions of stores on Shopify are really benefiting. What we're trying to do is reimagine how shopping works and how commerce businesses run. And AI channels like ChatGPT and Gemini, they're becoming incredibly powerful discovery engine for Shopify stores. If you look at traffic and orders coming from AI channels to Shopify stores, it tripled in the last year. Now here's the best part. Something you and I share is our deep love and frankly, our affinity for small business. When you look at AI search, it is particularly helping smaller brands that form the long tail of commerce, which our core merchant base. 75% of all AI driven purchases were from categories outside of the top 100 in the quarter. So it's real Shopify products that are benefiting from search. Like a car seat that fits three across the sedan or a dog harness for a French bulldog. These are things that you know. Again, using general search or search engine, you may not always find the small business, but agentic commerce is helping more small businesses get found faster.

[Jim Cramer]

Well, I was fooling around with Sidekick. I mean, it's the kind of thing that you would get if you did a $10 million campaign, no $100 million campaign with Facebook. You're giving them the same thing for the, for the person who's selling a car seat.

[Harley Finkelstein]

Think about Sidekick as the greatest AI assistant ever for your business, for, for any business in a retail or commerce. It knows everything about your business. It knows everything about the industry, knows everything about Shopify. Daily actives using sidekick was up 3.6x year on year. It handled 34 million conversations in Q2. But the real value, Jim, is that new merchants are getting to their first sale faster and established merchants are running way smarter than ever before. And if you just look at the early sales gu, we see that new merchants that use Sidekick to get onboarded, they see an increase in how quickly they get the five sales. Why is that important? Because once a new merchant gets the five sales, they, they, they're actually an entrepreneur. They're really building their business. And so the fact that Sidekick is helping more merchants become more successful faster is really, really important. Ultimately, I think AI is kicking entrepreneurship into overdrive. And you know, we're about 20 years in at Shopify here. But Jim, this quarter felt like the earliest days of Shopify. So much energy, so much building. And I think soon commerce is going to happen on every surface area you can imagine. And I'll be, it'll be powered by Shopify, the world's commerce infrastructure.

[Jim Cramer]

Company. Well, I think that this idea of jobs being taken away, not only is it ludicrous, but I think there are people who can't believe how quickly their dream is realized. I mean come on, it used to be a year before you saw your first sale. Now you may have more sales than you know what do to to do with. On day two, you may wake up

[Harley Finkelstein]

in the morning with an idea in the shower. You then sit down at your kitchen table, you open up Shopify and you begin to using Psychic to build your store. Now you actually have a store built. Now you ask Psychic where to find customers from. Using Shopify catalog. It syndicates your products across every single AI application. By the end of the day, you may have your first sale. Every 26 seconds, a brand new entrepreneur gets their first sale on Shopify. So even though we have the greats, the Alo yoga is the Voris and Mattel's and Hunter Douglas and Barnes and Noble using Shopify, we're also helping new entrepreneurs start and scale. This is going to be the golden age of entrepreneurship and Shopify is powering it.

[Jim Cramer]

What we got to do is this. The next three or four companies that come public with a decent size can't do microcap using and credit you. I want them on, I want them on our show. Okay. Because this is what I want people to be happy and they need to be happy at their job and they can't just say, you know what is this really my lot in life? Because you've changed people's lives. You have made it much easier for those people not to have their lot in life. But their dream come true. Actually. No, this is not Pollyanna. You know, I know this. Congratulations.

[Harley Finkelstein]

Look, you've been, you've been, you've been a huge supporter of Shopify even before the IPO 11 years ago. You've, and you've been an amazing supporter of us all through the years. But I think it's because we have a shared desire to see more small businesses become more successful. More entrepreneurs take an idea and turn into into their life's work. And we're doing that every day at Shop.

[Jim Cramer]

Why not? And people should do well in life and people should be able to realize their dreams. And you are making it happen. That's Harley Finkelstein. He's the president of Shopify. Harley, I love to have you on. Thank you so much. Always love being here. Thank you, Jim. Buddies back there for the break.

[Narrator/Announcer]

Coming up, he's the fastest mind on Wall street. So we're putting him to the test with your help. Bring on the lightning round next.

[Jim Cramer]

It is time. It's time for the white round question. Of course not. Because there's not much different Wednesday and then the lighting round is over. Are you ready?

[Caller]

Game.

[Jim Cramer]

Dad, tell me about Stanford in California. Stafford.

[Caller]

Hey, Jim, I want to get your opinion on TME Group.

[Jim Cramer]

CME Group is very good. I've got to tell you, I like CBOE too. I've always liked the companies that are involved with trading because they have monopolies or at least duopolies. Let's go to Sean in Indiana. Sean Alcoa Corporation. Ticker 7. Look, it's better than it used to be, but it's still a commodity. The best part of it was how I met my mother, which is Hal met. That's the one I would have held on to. Let's go to Nick and Iowa. Nick.

[Caller]

Hey, how you doing, Jim?

[Jim Cramer]

Oh, I'm doing fine. How about you, Nick?

[Caller]

All right. Awesome, awesome.

[Jayshree Sreelal]

I'll tell you.

[Jim Cramer]

Hey, I was wondering on Denison Mines, you know what this thing is always a bride made, never a bride. I've got to tell you, I've looked at this thing now for over 30 years and it's been a not great stock. I don't think it's going to change anytime soon. Let's go to Paul in Michigan.

[Caller]

Paul, Jim, we love you because of your genuine concern for the small investor.

[Jim Cramer]

Oh, man, thank you. That is what they do this show for. Otherwise I probably would have. I'd be playing golf. My handicap, by the way, is 430. That's right up there with Ben's dodos.

[Caller]

I hope you're taking care of your health. And speaking of health, should I buy more hca?

[Jim Cramer]

You know you got to wait a quarter when you have a quarter. That disappointing. You got at least wait one more quarter, see what they're able to come up with. By the way, I have to tell you, I got to do some work on cvs. I thought CBS was good, but that caremark business wasn't so good. So we gotta do some checking. Let's go. It's tough, tough business right now. Let's go to Bill. It matches Bill.

[Caller]

Jimmy, nice call. With Crowdstrikes, we stuck with George Kurtz.

[Jim Cramer]

That's a winner, huh? Kurtz be the winner. George is a winner. I like him. He's like my Le Mans guy. He does Le Mans, which is the Philadelphia way of saying lemons. Lemongs

[Caller]

since March, Jim.

[Jim Cramer]

100 since March. Imagine that. Could be the king. George is the king. It's good to be the kid.

[Caller]

Hey, as pure spec, what do you think about Rocket Labs?

[Jim Cramer]

Pure spec. That's the problem. It's a pure spec. I like that Voyager. We had that fellow on last night. Voyager. That's how my dad would always look. How about that fella? Why'd he talk like that? What fella? Anyway, I like the voyager. Let's go to Sharon and Sharon with my accent. I was in Philadelphia now too many times I'm back saying hey, how about Sharon? Sharon in Tennessee. Sharon.

[Jeff Simmons]

Hey, Jim.

[Jim Cramer]

Hey, before Sharon, what's your.

[Jeff Simmons]

What's your opinion on Fortinet?

[Jim Cramer]

Okay. We just had a little kind of a discussion. Fortinet's good by the way. We had a little discussion about Palo Alto and about crowdstrike. There's room for many and fortnet's in there and they're doing a good job and I like it. Let's go to Angelo in Florida. Angelo.

[Caller]

Booyah. Jim, how are you today?

[Jim Cramer]

I got a sinus infection. Frankly I can't figure out what the hell to do with it. I don't know. I tried all that stuff that everyone tells you. None of it's working. I'm gonna. I'm go to the FTC and see what the deals and all that stuff I took. What do you got?

[Caller]

So I'm a very happy club member but the reason why I'm calling today is that I am up 30% on the ticker hub. Hubble.

[Jim Cramer]

Hubble's good. Hubble's a basic great American company. You got to hold on to it anytime it goes down. I feel the same way about Modi Manufacturing. It's a two for there Hubble and Moody. Moody, Moody. And that ladies and gentlemen included of the lightning round.

[Narrator/Announcer]

The lightning round is sponsored by Charles Schwab. Coming up, Kramer's highlighting his favorite chip stocks to show that there can be more than one winner in a space on Wall Street.

[Jim Cramer]

Next.

[Caller]

Booyah. Jim Cramer. I'm a first time caller, a happy club member.

[Jim Cramer]

I want to thank you for being

[Caller]

the people's champion of investit. Thank you for helping me become a millionaire.

[Jim Cramer]

After I spoke to Lisa Su, the remarkable CEO of AMD on squawk on the street this morning I realized that there's room for many companies at each step of the AI food chain. It's not kill or be killed. People on Wall street tend to describe it like a horse race where there's no place or show that is wrong. Take yesterday when AMD reported after the close the stock got hit Hard when the company didn't raise its forecast enough. Then it got hit again when Elon Musk declared that Space X would be buying its GPUs exclusively from Nvidia, not AMD. Almost immediately the Congress had eternal name pilot Nvidia. AMD shares finished today down 7%. Nvidia ended up more than 3%. Oh, I get some of this analysis. Elon Musk has a very good eye for value and he certainly thinks he can make a lot of money. The from from Nvidia GPUs. Which is exactly what CU CEO Jensen Huang of Nvidia said. What happened? I told you at the top of the show. But that does not mean AMD's toast. Far from it. Sue is a phenomenal business. This is a stock that's done spectacularly well. It's up 125% year to date even if today's pullback Nvidia stocks only up 17.5%. And he's got a terrific GPU franchise that competes with Nvidia and an amazing CPU business that competes with in doubt. There may be trillions of dollars in CPU and GPU demand by 2030. And if you think Nvidia can capture all that by itself, I like this like what are you smoking? There's more business than any one of these companies can handle their own. That's true in CPUs and it's true in GPUs even as Google Co designs GPUs with Broadcom or GPUs as they call them, while Amazon does the same thing with Marvell Tech. I think there's enough room for all of them. In the end, none of these businesses are winner take all, loser take not because nobody has the production capacity to meet all the demand. Yet it's reflexively treated as winner take all by Wall Street. And that's not unusual. I mean even when it's wrong. We have so often viewed the rivalry among the retailers Winner take all, loser take none. We usually believe that TJX Burlington Ross stores as capable producing only one winner. In reality they've all been great performers short any given time one might be doing better than others. Roll Stores is better on fires. It's up 40% year to date. Now some of that's due to the leadership of CEO Jim Conroy. He did a fantastic job at Poop Bar. To me the better long term values tjx but they all work in the right environment. We get the same framing with the cybersecurity spaces in the Palo Alto networks or crowdstrike oh come on, that's wrong. Which is why we own both stocks for the Travel Trust. There's so much business to go around cybersecurity that you could buy after you buy Cloudflare too. Sure there are some genuinely zero sum situations out there viciously to compared competitive industries where demand is limited, but those are the opposite big opportunities with lots of room for multiple winners. The trick? Don't buy into these false dichotomies. The best stocks often belong to companies that have plenty of competition simply because there's plenty of business to go around. Intel, amd, Nvidia all three are terrific. Any of them can be bought. All of them should be bought because the opportunity that lies ahead is just so massive. I like to say, as always, a bull market somewhere. I promise I'd fight just for your year man Money I'm Drew Kramer. See you tomorrow.

[Julia Boorstin]

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. Kramer'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 what made you confident that you could do something that hadn't been done before?

[Jeff Simmons]

I have no fear of failure.

[Julia Boorstin]

Trailblazing women, Changing the game One of

[Jeff Simmons]

my favorite pieces of advice Think about what what your boss's boss needs.

[Julia Boorstin]

Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and you just gotta

[Narrator/Announcer]

think big to accomplish big things.

[Julia Boorstin]

Julia Boorstin hosts CNBC Changemakers and Power Players New episodes every Tuesday. Wherever you get your podcasts.