Mad Money w/ Jim Cramer 11/18/24
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So calling one hundred seven for three sympathy at menu menu ship can check you out of tremens investments every time today's mannerings want to give with the deal dip fifty five points to be advanced, three, nine percent. That game points, six percent. Let's talk about what into the world's largest chipmaker.

Er let's talk about in video. We reports on oneself now videos don't be pretty open about this business, but I go comply. IT has soon as a quiet period that starts four weeks for the company reported earnings.

If there's something of very much impacts, the earth matter is not supposed to answer any questions about IT during the quiet period. Even if IT knows the answer. IT is always respect, respectful of IT.

And you need to know that now in video reports this week. So it's in the final days of this quite period. That means any news to tell me this week that could impact the company would put squinted square behind the April.

Everyone knows that you can really throw off any company and its shares by injecting uncertainty. Sure of this weekend publication called the information said that invidious grappled with what I called, quote, new problems related to its much anticipated blackboard graphic for the facial equal, the machines are big. They are powerful, and by in business own ambition, they run high.

The problem occurs when they are connected together and cost my service at server rp. Now this is serious business server rax the type of story i'd love to get a response you about. But when I try to get a response from in video, I got, listen to more and quite here we can help you.

So this not is really noisy, not great story comes out. I try to find out what's going on and I can. That means I have no idea if there's something that could delay large scale mentation implementation of black. Well, that's the latest and greatest perhaps would be the way to january. We manage on record saying that the new product line could be hummy.

Maybe there's a problem beyond that or perhaps perhaps is no real issue at all because the key company that in stores and video ships known as dell announced that in a tweet home, the first in the world in video gb, Grace blackwell, two hundred nbl seme to server racks are now shipping the server racks that we are told word shipping as Michael dell win ET, we are thrill deliver our liquid cool power edge x 1 nine seven one two， or with the A I rocket just got a masa boost. And quote, is a new cloud computing to vier. It's been a precious user.

And video chips, of course, the information updated their piece. That info was pretty much called a whole exercise that that the information had issue into question。 Oh boy, was the damage ever done.

So then the question becomes, who's telling the truth here? The information which says there are real issues involving delays, or Michael dell, who's tell you there is no delay here, IT is, I have no Michael doubt for years, he has not impressed me as anything other than a scrutton business person. Ever since they came public for the first time in nineteen eighty eight, the information I first chronicle directives ties back on.

And just when they broke the story, the blackwell was running late. Funny, when I call him video back then about the information story of black. Well, back then the company had just entered quiet period, so they weren't allowed to talk to me, sensing a pattern.

Er quiet pure, quiet pure just like this quite period. D I could only sit on my hands and let the naked story wash over me. Funny, when that story broke, the stock was at one hundred and seven.

Five days later was an within video backup to hundred and forty nine. Or this month you get the huge amount of money on the table if you took your cube from the information information. Now i'm not guarantee good quarter from a video once at all, far from IT.

I even watch for waiting for full blackwell ship and evens. The companies been saying for months these chips wouldn't start chipping environment till Jerry, I was taking. Maybe they were proxy under performance, over deliver.

Now I don't know. In fact, I can argue the information news is and news that although the machines are competitive, that they run real high. I said that want to interview dover CEO rich, open here friday.

Dover makes somebody equipment to keep these day to centers cool, liquid cooling before black. Well, there were chips that could be cool by air. Top is possible.

One day that was quite a solution might be needed to put into play, could happen. Why do I go into all these details? Well, for there are several reasons.

One is that the videos stock is out to be the greatest civil time. It's had a concentrated birth of strength. That's almost this thing is no war horse, you know, IT is it's a sprinter and a workforce at the same time secretary and a marvel horse.

That one, the bone states by an astronomical thirty one, lies in ninety seven three, a record that I don't think will ever we broke IT just like a second. I mean, in video, millions years, who thanked me wherever I go, and I go to quite a few places, these people typically tell me how many times theyve been freak out, or told the freak out by people who should have known Better. And because I had on IT don't traded, they stayed the course.

Many of these people bought this dog because I renna ed my rescue in via back in june. And in a desperate gambit for you to understand that this was a big, big stock. Evs was requested on a day when the stock traded a three dogs, eight, eight cents.

The stocks now one hundred and forty in that time, i've realized that we've all become way to trading orient around you. We're invidia. The beginning box this year are one hundred and seven.

When the devastating information broke about the delay, the one in video couldn't respond to a hope. This pya, revived by the short shower and alleged by the customers, although I couldn't find a single one who was truly agreement, given the news, founded trading pocula ity. I have to wonder how many people had the armor of the dog and video, and how many had to wear off? IT wore off.

If IT wore off, you forgot the amazing thing about a video, which is that he has really no competitors. Now, here we go again. Maybe in video mentions the information to lay story on wednesdays school, maybe will mention microdot ship and of a rack.

Black's suggested, I think, is suggested the so of the opportunity ship these chips environment, jane, which is what I I do expect. However, the trading obsession might have shake you out today, especially because you couldn't hear a response in video, because the information to the story during the quiet period. But let me ask you what a blackboard really is to late til Jerry, does that mean big winds for the people who pay book box to buy competition up today? We own empty for chop trust like IT very much.

We own right along with video, and we know IT doesn't have product. This is good as black. Well, if I want so against trading, I guess maybe I would sod five and then buy back o stas washed out the stock.

I didn't do that. I don't play that game. Maybe you think in video customers or happened me and more to hold back money, that would be wrong too.

They have nowhere else to go for this kind of chip. So what then is this story about from the information is IT much to do about nothing, but not if you work at the information, the information shops. So scription is a noble goal I did for years.

This story likely did that in space for them. And video actually imports a short. The new subscription will be endless effort. Jenson one starts out by saying, you know what we blew? The services can handle heat and collect quest to CFO quantifies. All that business is loss and all the upset clients and the information may have gotten a huge school maybe this time really is the top, and it's all because of the server meltdown out, but the bottom actually more inclined to think that you're getting a buying opportunity. Video, thanks to the information publishing, the story that may they were simply not be that unless you didn't know all that much and you part of with the video as soon as the news came out in in the and and hey.

timbo, thanks a lot. I'm a really happy .

club member .

of forward earnings. Sorry, the four pe is a lot higher. So like what what people worried about with their decline in earnings. And then when the bottle sold also within a quarter, that sounds like some bone headed thing I would have done because I didn't have conviction.

Well, though these are big issues in one is is let's to spell the first. The latter, I would say that alto was position that was wasn't worry about and somebody who works there are sold in now the four p of the devil lot of cash you you can't really judge A P because of the cash. I think you hold on and I feel great about the stock is up thirty two percent to year. Burger b is a great situation and I thank you for join the let's go to Clark and mary in Clark.

Couple months ago you have and is a thirty percent is time to.

I had the pleasure speaking one ancon, actually, the whose this CEO was on our network place. We had told a great story I have and talked him again the summer and know he's been on the show. And my co.

Has been one of our big, big winners called fair ized. But as you know, is fixed. And I continue to think this is a great, great situation. Kids got horse's stays in the picture.

a net new york connect. Hi, jim. And first time term actually .

have .

a stock that I have of I commonly holds and I have this for a quite a while. It's up a lot inside body. And I just want you to know if this room to go hier, should I find more? Should I? Should I sell? The fact is motoring.

That stock is incredible and I should be a time ago. I can't wait to to pull back and I just asn't. They have no competence in this public safety space.

I think it's a great gratulations being wrong in right. Maybe the story published, the information about this true or may will turn out to be another buying opportunity for one of the greatest taxable time. And still, picture everybody take brito.

Mires got a boost from the competence failed drug trial. But could trumps picked IT to the home? I, to take the home with H, H.

S, bring some headwinds. Unior, i'm breaking down the story plus after last week, send me sell up. I'm getting deeper and what's holding back five years and more term process could still be on the horizon and speak of that. I'm going on the table with A I player and light matter. So stay red cramer.

Don't miss this second of mad money. Hello, jim cramer on x have a question. Tweet cramer, ash tag mad mansions.

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Last week after we learn the president elect trump one's ark junior as this health and human services secretary from a whole. And I think that's pretty great buying up to ark, let's call Bobby junior for sereno s flavor. Bobby junior is incredibly hostile, the big former, but there's a whole federal democracy at H.

H. In fact, I don't think trumper LED red a pretty important sector. The stock. That's why I feel comfortable recommending some of the higher quality drugs that year.

I mention the other day like I like bristol mars, which now sells, reduce eight times and nexus res or assessments and got a four point two percent year. Now of this smart become one, the great turnaround stories of our ear from december twenty twenty. To do this past july, this stop was more than cut in, thanks to worry about big, the important expirations.

There are major blood cancer drug revoted already facing general competition, while the big blood than are elites and the regular catch drug up devo, both go of pattern the next few years. unfortunate. A little over year ago, bristol s bought in crist burner as B O E R N R as the new CEO embers, a man with plan.

Under his leadership, the company made a series of multibillion dollar acquisitions to broke up its pipeline, including really special in the fourteen billion dollars take over an exciting news science play. Very hard to crack into that business. The new post to mars wants to build a new line up of drugs, focus on oncology, neuroscience and manolo's and cardiology.

I like this plan, which why i've been recommending the stock repeatedly on weakness when to pulled back along with the rest of the market. Early August, I told you to pounds since send IT up more than nineteen percent. We had the new CEO in the showing september, right after bitter mars got approval for cobenzl.

That's the first novel, trident for schizophrenia, thirty years. This is up the I picked up here in the third beauties. Now that would have been another great buying opportunity.

Stocks up almost ten percent and said, interview, train the two point four percent, gain the S, P, five hundred the same period. That's very special. Now look, I think a bp is a game change.

Schizophrenic gs, well, a large, gigantic business. But the current standard care causes so many horrific side effects that is very hard for people to stay their mads most, these entire psychotics are like reverse aseptic. They caused mess, ve waiting, almost inability, resulting type to diabetes that can cause permanent facial tits, make your lose control of your tongue, sexual disfunction skun sophana wasn't such a carbo zese.

No one. We were able to take these things with. Cuban fy british s create a whole new classes.

Schizophrenia, a drugs IT is a different mechanism of action. So IT causes far fewer side effects, and certainly not severe ones. And these entire psychos have we currently used. They also are studying this thing for alzheimer's related psychosis.

And for worse, for kizlar, hania probably could work for extreme cases of by power disaster too, I think, could also help a lot of people and also make their smiles of fortune for and shareholder not bring this up because last week, before wall street got freed up by Bobby junior, we got some major position, at least from bristol mars perspective. First, on monday, we going to add these competing schizophrenia rug had just failed two days, two political trials. They didn't show a statistically different psychotic system decline.

In short of potential arrival treatment to go bye, thy failed. Suddenly IT looks like best. Mars, as a big letter of premium treatment, might even have the space to itself in response to shock jump.

I jump ten point five percent. I thought that maybe you should to go on her the next day in analyst, the ring partner. That's a healthcare focus, wall street research, from a greatest mars to outperform argument that could be, could do more than ten billion and peak sales if IT gains approval for additional indications.

That makes sense to me. I actually told management at first market, I thought I could do 40 fifteen。 The lickin was also feels good about milvaine, which is a cardiology drug, is currently faced three trials for atrial relation to our q ordinary syndrome and secondary stroke prevention. Now remember in the ninety this computer first, mars will lose patent protection for that's a blood dinner that could do thirteen billion in sales this year by twenty twenty eight, if is going to start facing ing generic competition here in amErica and the rapid competition in europe as soon .

as twenty twenty six.

but with movable cine also blood dinner, maybe person mars as something that could build in the whole. But in an interesting thing happened, the stuff after the stocks begin on monday, the stuff going up even after the upgrade from the rate last thursday morning, person mars pulled back a little over one percent on tuesday, before four years, another one percent of wessex flat, almost percent of that, thanks to the Bobby I junior nomination.

Now we can debate whether or not poppy junior will even be confirmed by the senate as the next secretary of health and human services, and if he is, whether or not who would be able to enforce anti vaccine, anti farmer, general health care instant? My god, this will be approved, but he won't be able to do all that much damage to the industry. For now, though, the cell m was so bad, the best is only finished the week up less than four percent despite that monster templates get on monday.

Now I think that's not these guys have treatment for schizophrenia that doesn't cause more beauty, and that is the holy grail of mental health. So let me give you the bottle mind of this incredibly important story. I think the failure of abb schizophrenia drug, which could have been a major potential computer, is worth a lot more than bristol mars.

That any damage is like they take from the department of health and human services run by ark junior A K bob junior. Well, I don't want to dismiss the threat the secretary, bobbie junior, compose the industry. I think this specific set of circumstances, given you a fantastic chance to buy best to mars and witness, although the stocks still up nearly twenty percents, I first push IT in August. It's now trading eight times A F and sake. I don't think you've miss this one at all, especially if the stock came off the boil late this week, that money is back if .

to bring coming up. Chip stocks have dipped, underperforming the broader market decline in the last week. Looking closer at one name to get a read on what's Ailing the space next.

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After the initial trump rally euphoria in the wake of the election, we quickly transition to a trump rally hanging over last week with the average is get club red. Now some of the worst performers is set in darkness. Now some of that because tech tends to sell off when bind yields a Spike like they did last week.

Now some couples, specifically like the ongoing and canny regularly and super but tonight, want to talk about the key reason for last week setting that yourself. And that was a really good company called applied, one of the major semel cor. Capital equipment makers want a favorite mine, which reported similar alarming quarter on thursday night.

Then they start plunged more than nine percent on rather stark. Of course, this Price didn't come out of nowhere earlier in this year. What was pretty bullish on the semi doctor equipment stocks getting that the chip in the street was bottom ing.

And we were heading for a new obstacle in the second after the whole groups that litter in with S M L. Big dutch committee land research, really quality coming now done double digits for the year, and that's extraordinary. Remember back in mid october and point, okay, called about two hours.

Guides explain that while equipment for a AI chips s were strong, the rest of IT to m Marks were still pretty weak. Last thursday, though, asm held animals where they reaffirm their previously issued long term revenue target, which would have been helpful except a few hours later applyed materials reported at the closed IT wasn't helpful. Now photocathodes play materials has a tensely report.

Soil numbers and not getting created for, in part because some of the arrivals struggling. This time, the company posted to know the solid top and bottom b and record sales and earnings is coming is comfortably hard than I expected. I thought when I saw the numbers.

This is good news. The guidance is for the current quarter of basic, in line with expectations, though the revenue outlook was a little bit light. Parliament guard from net region of seven point one five billion plus or minus four hundred when you when the answer looking for seven point two four playing.

The earnings outlook, on the other hand, was slightly Better than what I was expecting those with the overall numbers. But when you check on the and you can see that some parts of client tourists are doing much Better than other s of course, seductor capital equipment business at seventy three percent of total cells, basically in line with excitation. But within that basis of private ual, three different divisions going in totally different directions.

The D, M, sales decline ten percent year year, most views of elevated purchases from china the year, and four flash cells. The small part of the business were flat year of year. And foundry logic was the main machine resource from twelve percent sales.

Even within the foundry logic bucket, though, thought there were some interesting and and maybe disturbing departs. Poverty was called out robust growth at leading edge, including a lot more spending from customers once so called gay all around gaa. No, which are sensible to putting more transistors on a chip.

Also including back is power concept that's a big theres, making them particularly useful for the news I chips. This past year, the winning logic company, he started moving the first ja nodes from the R, N, D stage into high volume production. Public is generated to two point five billion regular from this business.

They expect that to roughly double in the twenty twenty five fiscal. So just A S ml. employment. Teles made a Crystal al clear that the AI related part of the business is absolutely fire. But on the other hand, there's this internet of things, communications, automotive power censors business, not it's called eye caps for short.

These are the machines that help manufacturer all sort some, establish legacy chips that are more volvo to ships at swings in the border economy, sales for ice caps, notes were down year by year, which managment tribute to hide demand in the year ago period. Again, that's mostly china, where to manage down big year. All these guys already, china was all over matched to the fact that the china miss came down to thirty percent of sales if are being higher than that for a few course, but thirty percent of are pretty done high, only came down because the chinese time is do so Better.

Long story short, a year ago, strong chinese waters boosted the legacy part of panels business. Now those areas are suffering because they're exposed to the weak chinese economy, and a man is no idea when things will get Better in the rest of the world of py materials can make more, you know, more than that make up of that business from china by selling tons of cutting equipment for A I related chip name. But they can do that in china because our governments ban them from selling the best of the chinese.

At the other day, the tears told a story that was very similar to what we heard from S. M. L. Last month for meeting edge. Part of the business is doing very well and actually keep doing wealth next year.

But some of the legacy markets with more exposure to swing, the economy are suffering, and there's just not much visibility. And when things will get Better, a public added somewhere chinese visible, a car to that general and narrow, but they basically confirm what S M, L was saying, which is not what we wanted to hear. Plus, with the elector results from earlier this month and the second trump administration coming in about two months, I am very worried about companies that are hosted in the chinese economy.

That will be a theme for me for some time. If you need to turn in china, let's just say so much as optimistic about that under truck. Now all that said, if you have a long term or desperation zing, I actually think I might still good, actually pretty time good.

Like S M L, which confirmed as long term revenue target its western last week appointments gave us some positive commentary about the long term industry, alex saying, and still expected the industry to reach one trillion dollars in sales by twenty thirty. That's a partly six hundred billion a year now due to the company's focus on helping the manufacturing powerful chips that use less power politics as a time of exposure, AI and accelerated computing. And they are doing great.

But if you will get the next couple of course, next couple of ways, let's just save stuck come very noisy. So here's the bottom line about the company that I really like. That is not working out the end the day.

Applied materials is largely hostage economic with this, especially in china, for the bulk of its simple equipment is used to make all sorts of basic chips to go into everything in a big gross margins. That was the discourage new information we've got on friday, and it's why apply material so it's stock get annoyed. Unfortunately, it's just not clear when things will get Better, at least when the rest of the world will pick up enough to offset the chinese witness.

Even if you like this one for the long hole, I say you got to be patient because you're likely to get a Better entry point going forward. How disappointing. I really expected more.

Let's take some calls. Let's go to Robert master's. Robert?

Hi, mr. Cramer, and thank you for taking my home.

So I I recently .

bought some arrested networks. H, just after they reported last week.

then the stock dropped.

And I said, this isn't right. I said, then the next day, I bought some more when the stock drop OK and seeking that thing on the split, you know, next month for for one I thought, you know, perform Better than what IT has spent.

Let's take, appear, see j three law is the C E. O, when she's done a maseru job. Now interest strates went up and that stock is is really correlated with rates coming up.

IT wasn't anything he said her did the business solid. Therefore, I would encourage you to stick with. And IT is good to moisture in texas.

moist a yes. Hi, tim. I want to thank you for all that you do for me.

Oh, thank you.

okay. And i'll get right to IT. Um I am wondering if this company has a future because IT seems to be beating plentier. It's a sterile lab. And I know the hot debate a two point six seven is a crazy, but is this a promising company like for the future with all the A I connectivity that the company is that .

student in what's .

name in the company?

Oh my, they are very good. That was a fantastic conference call. I thought that was a great quarter, and you got to stick with that most definitely. But let's go to the meti and rock airline and the meti .

bula jim longer liga first time color actually calling in. I'm curious your thoughts with with all the movement towards A S, T, S. And the space in general.

Just curious your thoughts on the upside of st. And then just generally, what are your thoughts on the competition with starling, you coming in from space? I think that A S.

T. I wrote a piece weekend for all members of the club, and I, I singled out A S T, space mobile as one of the most dangerous companies in the market off against really good competition. Don't feel like IT as anything preparatory.

I don't like that song now, even if you like long term story for private res, as I do, I think got to be patient on this one because you're gonna likely get a Better entry point. Ford, this was surprising to me, maybe lames Better. I don't know how much more of money had.

And putting my look at volta tech company right now, it's private. It's real interesting. Plus is the road hair protests was reporting on trump self driving policy plans. I'm going to tell you where I stand and slow, controversial, of course, oil calls, rapid fire tonight decision, the White and so stay with cream.

We spend a lot of time talking about artificial intelligence and the chips that make IT possible. But you here, anyone going into the nitty grit of what makes the technology possible project, what's the biggest constraint on these fancy super high and some icon doctors? IT is the electronic interconnect on each ship, basically the wire, and that connects all the transnational.

Together, these have become a huge I band with data. It's essential for handling A I workloads, which brings me to light matter. That's a privately health company that uses photonics to replace traditional electronic interconnect.

They can use light singles to transmit da much fashion than even the fancy is wirral, which could represent a major breakthrough and help these ultra chips reduce their power use. So let's take a close look with song jank asti. She's a simple life Better who came over from invidia back in july but shank housing, welcome to my money.

A jim thinking you're having me on the show.

okay. So want to tell us about the opportunity that that your experience now, what you're doing and why you think it's so you can be .

such a big thing. Absolutely, jim and I think if someone ized IT really well um in a nutshell, uh where the intersection of two mega friends the first one is you outlined um is that uh A I is driving very significant demand for very fast data center infrastructure. And at the same time, we have uh this interesting other trend, which is that we're approaching the end of morals law.

And so the runway there is really quite diminished. Now if you look at the last decade or so, um IT was all about how fast can we make the chips. And in fact, to look at uh, what some of the companies like my former employer and video have been able to do is nothing short of a standing increasing the performance of single chips by as much as a thousand times.

Now these chips are so fast that the next big bottles neck that we need to solve is how can we inner connect them to each other at really, really high speeds. And in addition to that, how how can we interconnect many of them in the thousands or in the tens thousands to be inter connected in a single logical domain and be able to act as a giant single chip. And so that's where light matter comes in with their photonic chips.

okay? So a we have thousands of news constantly about how everything burns too hot. We had over on friday, they talked about liquid cooling. Obviously, there's A A news, Sarah le, today, which says that in video might be falling behind because the chips burn too hot. What can you do to make IT so the data center doesn't burn itself up or spend so much of our electric rid and our electricity on on their business?

Great question. Um absolutely. This is one of the key topics uh and deserve titely. So specifically, our focuses on the network.

So the network inside of these large data centers consumes less than about a quarter of the total power. And what life matter is going to be able to do is enable n to n connectivity that is over fiber. So lot of what happens in data centers today is that the chips are interconnected over copper.

And so we spend a lot of energy converting from electrical to optical, back to electrical at each layer of the switching network. And for a very large data center, when you try to get two hundreds of thousands of GPU, you may have multiple, multiple layers of switching, each one of them undergoing that conversion from copper to fiber to copper. Uh, we are going to be moving that altiplano ics alto fiber and that should save energy by uh, a few factors, you know three, four, five factors or more. The larger the network, the more the power savings will be able to contribute within the network.

So who's working with you? Who is trying shaping your product.

So our customers are gonna the large same connector customers. And so anybody who is making a large A I accelerator or a switch chip, what this having common is that they need to have a lot of band with very fast data transfer. Uh, we will be working with any one of these customers not able to share specific names at this point, uh, but we did just have a significant funding rays, and we are gonna using that to .

get ready for mass production still using copper. I mean, everybody knows coppers not the way that if we even did IT with toko, how can we still use IT in the data? Sir.

it's a great question. You know, most of our neighborhoods now have long since moved from copper to fiber. And this is really the final frontier.

It's the chAllenge of how do you bring the fiber to the chip, which turns out is not easy to do. So our company was founded in twenty seventeen. Fun out of M I T. Um by a couple of absolutely brilliant scientists. You know these are some of the most uh prominent minds in the field, most highly cited, uh, have an enormous number of patterns to their name. And it's really kind of cracking this chAllenge of in the very tight, very constrained environment where you're pushing the limits of physics, how can you actually bring a very high density of fibers right up to the chip and get the signal off of that performing accelerator or switch straights into fiber?

And just for people's advance, I know that that James and your old boss, James always say that that you still sit referred to IT as approaching to the end of you believe it's .

still alive you know I share jesus view on this. And we at light matter are very much working toward trying to extend and pave the path that next um what's next now that more sales largely behind us and you know we really aim to do for this A I networking and connectivity space, what in which has been able to do on the computing side. We hope to be able to bring a hundred times, even a thousand times speed up when he comes to the connectivity in the network.

Well, that would be huge. No, lencs, we all know that were all worried, by the way, about how much energy is being used by this. And we know that to greet us, to be reinvented, you can really make IT.

So what you are next? Apple, without that happening, I can see why you would take this opportunity this morning. IT does seem incredibly interesting.

That's about a genki C, F, matter who I met when he was at in video. Thank you. A great to have you on.

Thank you, jim. Best of luck to you. Here, my back. Get the brain .

coming up. Claimer takes your calls and the sky's the limit is so fast. Fire lightening round.

And then the thing that is over, are you ready to lighting present in how .

you doing.

jim, i'm doing.

What are you and I had a tail be wear. Call in your company because i'm call you in real company called sessions, but on this company in may, up eighteen percent year or eighteen hundred percent year to date. And I just you here is know if you think .

this is I first, I would take, I would take my cost space of sales. So I play IT out of money. I looked the stock is a straight up of payments play that reported so much Better effect.

The course I understand what I saw, I was to get a piece this weekend for club members about parabolani ves, how I don't like that. Let's resolve this by doing a homer piece on the my chief scientist, Richard speaker, bin soto. And we're going to get to work on this one. Let's go to some new york, sam.

I am calling about one of whatever take this medical companies is there are their socks. S S going crazy right now. I'm talking about E, I really alright.

This dog is is hated now, as IT was love not that long. go. IT is rather amazing.

I'm kind of grown away. I think that IT is a by play out on civil. We almost bought some day for the chance we restricted. I think it's a tough is a enough on the shelling. It's going to .

read in marrow and read. I can shout mr. Mark, shout eating. The stack I was interested in was coin base.

take a stock you're not gonna stop IT the apple and tears and up stock coin basis and up stock Robinet, but an up stock beer stocks that their buyers every time they pulled back and probably will be two year and point basis a winner. It's going to dean and texas.

Team .

first, alright, i've got one four year. I E, S. holding.

We've had a good run this year. The numbers are out next time.

This is a terrible infrastructure play. We know. And one of the things I didn't know about IT is a chef company, terrify c money manger.

His really fabulous. He gets everything. This is a just fantastic stock.

I really, you know, when we didn't pray fit, we were not abusive enough for two and sixty four stock. Let's go to a ford in new york. Ford.

hey.

how are you? Um I am good. You.

i'm OK. I'm wondering what you stopped a tech. H, H, T, C, then possibly you to tell me about a american supercar. Doctor, well, no.

much Better. I don't like IT. It's never, it's always surprise, may never pride. I do think the sham tag, this is a traditional kind of saving doctor of the I do prefer texas instruments to that one. Let's go to bob and for on A B.

Hello, mr. cramer. Thank you so much for your efforts .

and .

level the point you for us not employed in the stock market.

Thank you. Thank you.

It's going to work together. My IT. okay. My question is on C, C, J.

By chemical, we look, all the iranian place are up. I think they're going to be amount of very little. The end.

This is not an expensive stock. I understand why you want to be in IT, not versus the others. But IT is an incredibly close to stock first.

The rest of the market, that's what I care about. I am a kitchen kitchen. When IT comes, came over. Let's go to Young in, put away Young.

What up, jam, go. Birds.

go first. go. ego. What up to .

us by trim, hold marble, teck, crowd strike. Okay, I hadn't like .

marvel that that birthday, he bought a million dollars with the stocks. Not that long. go.

Really important to note that is really the data center got an optic component is very important like marvel. Wish we had been sold. We had we didn't make a lot of money. Good to Johnson or come on a .

Johnny jan. Thanks for taking my call.

Of course.

what's a big bank of the color cramer day?

Oh my. yeah. great. right. so.

My cause concerning apple is current evaluation. Is that too rich for entry point here?

All right now I say apple on IT don't trade IT. If I had no stop what I fight right here, I won't IT for a dip because the bears are over every minute a day. Keep that mine and then pull the trial. And that later was on of the lighting round.

The lighting road is sponsored by Charles swap, coming up. Meet your next uber driver. No one. After a push from the president elect towards self driving cars, camers setting out the potential for a nationwide rollout next.

Some stories are just too good to be true. That's how I feel about the possibility of a federal proclamation that leads to a nationwide roll out of fully self driving cars test. The stock was up again today because we're getting reports.

The president elect trump, who was an a valid climate change as cash is lot with elon mosque to develop national self driving vehicles. It's pretty clear that trump doesn't see the need for letters. In fact, he wants in any subsidies, including tax credits for magical faction.

And we did state and i'm going to close here on for electric cars, I have to be because you know elon endres meat very strongly and de little transaction al for me look, i'm that i'm not again. So to text, you know that I just think that this is a bad reason. Elon must tells a very compelling story about full self driving, as well as solar robots, all wrapped up one stock of a couple that have to make vehicles.

But the idea that the White house can somehow allow self driving cars everywhere, with the stroke of a pnas hous playing fanciful first, our countries simply doesn't work like that. We have state, local, local governments with tremendous power to block edit. I remember when I was going to be able to take a self driving taxi from downtown photo x to glen del, the home of the arizona quarter years ago.

Super IT seems so simple, except grinder didn't allow self driving vehicles. I was incredible. But the misal government of Linda was able to block us.

Second, you might think it's natural for prompt. Just declare the federal interstate highway system itself driving soon. But you know, what that means is too, think about IT.

How you get on the state, always system out than a few minutes. Palace that may be destination on some map someday. It's catch as catch can. If that can control state of local self driving laws. If they try IT, those minipad ies will sue the federal highway administration, and they going to win.

There was another time in this country when a president might have been able to do something about this in the eighteen fifty person ice and are planned to execute the interstate high system. But he did that for national defense is in those days we had a cold war with the soviet union as an overarching import in our nation, which made the inner state highway the much is yoursel still, I like the concept that that there's what barkless calls in iran premium to me. Text deserves the premium musk has no god influences.

The president like to scrap the seventy five hundred clean vehicle credit, but to make IT much harder for legacy automakers to ever compete with test, we're to hear from four D G M C F O. At a conference on wednesday, and we learn how their elective divisions can handle the end of those tax credits. I believe jm can handle IT.

But what they may be stuck in neutral, waiting for the warranty issues to dissipate, if they ever can. In the end, while I don't buy the national self driving Mandate, I think nothing truly dos the case for owning tesla. The most premium will work its magic in other ways, perhaps favorable municipalities and test the rental next to federal highways.

No matter what, though, always remember the test as a tech company. The others are auto makers, and a tech company can get an insane high Price denney volt with no one breaking so much. As an I of like this will work on someone I, I, but I, just for you here, money and cramer.

All opinions expressed by jim cramer on this podcast are solely cramer's opinions and do not reflect the opinions of C N B, C, N B C universal or their parent company or a phillida's, and may have been previously disseminated by cramer on television, radio, internet or another medium.

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