CNBC's Jim Cramer: Big Tech Hot Takes, NVIDIA $10 Trillion?, Building Wealth In Any Market

Channel: Alex Kantrowitz

Published at: 2025-12-23

YouTube video id: QtOLKVIw8s4

Source: https://www.youtube.com/watch?v=QtOLKVIw8s4

CNBC all-star Jim Kramer joins us to
share big tech hottakes, how far Nvidia
can go and how to build wealth in any
market. And Jim is here with us in
studio today. Jim, great to see you.
Welcome to the show.
>> Thank you, Alex. You're one of the very
few people who is is not intimidated by
by power and really understands that in
the end, these are people. Uh I love
your populist approach. You're not just
all caught up in who's the best and the
brightest because it's very much like
Halberst and the Vietnam War when it
comes to these things. You have to stand
up and say, you know what, some of these
people have no clothes and you got to do
that.
>> All right, James. So, I want to run
through a number of different stocks and
give you a hot take and then have you
respond to that.
>> I think that's good.
>> All right, let's start with Apple. Uh,
this is my hot take on Apple.
>> I have one, too.
>> Either they outsmarted everyone by
sitting out AI or they outsmarted
themselves.
>> Okay, so you're reading my stuff. You
know, I think that they outsmarted
everyone. They But sometimes the last
line in Confessions of the Street Act,
my first book is it's better to be lucky
than good. And I think that they had a
series of setbacks and we you look these
high-profile no salary cap take uh
stealing of people might have mattered
but in the end a lot if you do not have
businessto business hence anthropic and
you're trying to figure out your
perplexity whatever one point you
thought Apple would pay you instead now
you pay them this happened to me with
AOL when AOL knew that they had the
consumer uh and it was out they were out
of the scrum they had been my best
source of of capital for the street. And
then they turned around said, "Now
you're going to pay us because you need
our audience." And I was furious and I
kicked him out of my office. And then I
paid him $2 million when two million was
real money. Uh and I think that's what's
happening with Apple. They got lucky.
And now Tim's not going to do this
because he's a very self- aacing guy and
I really like him. But I think that in
the end, if you're a loser, you got to
write a big check to them. Otherwise,
Gemini is gonna lock them up. And Gemini
is so great. It takes a little time.
It's a little give you puts a little
more thought into it and isn't cheeky.
Chad GPT, you don't know me. You don't
know me from Adam. Sick and tired of you
trying pretending you know me like
you're like my longlost brother. Get out
of my face. So, you're not going to do
the erotic chat GPT mode.
>> No, I have a good wife. I don't need
that crap. Um, with Apple, the risk is
that there is a device that comes out
and either just places the phone or cuts
off it grow.
>> Well, you know, Zuckerberg is so funny.
He thinks that the glasses and I really
like Mark. I think Mark's terrific, but
and I like the glasses. And when I was
fishing, when you fish and you're
catching a tarpon and you're using the
glasses and you take pictures of it,
you're you got the edge on me, man. You
got the edge. I'm using the iPhone, but
I still think that it's a long way off
as as opposed to, you know, I was with a
Renee Hos this weekend. We went to
football game. He had this he had the um
the phone. It was like a you know, it
was it was Samsung and it was much
cooler than Apple. Big deal.
>> Okay, so this leads right into Meta.
>> Oh my god. But I like Meta.
>> All right, but these hot takes are not
necessarily all negative. Um but this is
they're questions. So here's a question
about Meta
>> after Mark.
>> After No, this is just this is my
question. Okay. But it is about Mark. So
>> I like Mark. Be careful.
>> I'm not going to disparage him.
>> Jersey.
>> Where you're No, he's from where you're
from.
>> New York.
>> Okay. So this is about Mark. Um
>> Okay. So after the metaverse and llama,
their sort of underwhelming generative
AI
>> initiative,
>> I got the Ray-B bands when they were,
you know, walking into a dark walking
into a hat. I walked into a room, a
museum, and I was wearing them. I
thought that the guard was going to take
them away, but I think he just felt that
or something.
>> I jumped out of a plane with them. I've
done Sky
>> recorded as I went down. Amazing.
>> What didn't you Aren't you worried?
>> No, it's pretty safe. I mean, not my
recommendation to go do it, but it was
the coolest thing I've ever done.
>> Whoa. Okay, so here's
>> Hold on. This is this is the question.
Does Mark Zuckerberg have another
breakout hit? And maybe it's the
glasses.
>> I hate to go against him and I love the
glasses. Uh I think the glasses are a
really really good rival to the iPhone.
Um but the people are used to one thing
in their hands and they're not appalled.
They're not bummed out by it. When I was
using the glasses, when I was fishing, I
was like, "Wow, these are so cool. I can
reel in and and I have to hold my phone.
I was bringing these big tarpon and and
and I sent it to Mark. I sent it. I
SAID, "THIS IS REALLY COOL. THIS IS A
REALLY good use." And that's good. It's
good use case. And I really believe that
we need like a thousand, no, you need
like 10,000 more good use cases. In the
meantime, I think that Apple's just
getting better. I think that they could
do a foldable, the liquid glass. Uh but
I have to tell you that in the end Mark
is going to have along with YouTube 50%
if not 70% of the advertising market and
that's a very big market and the rate of
return you know my daughter's got a
potato chip company folds first new
potato chip in 30 years uh and I keep
telling her listen there's you know you
got to put your money with Reddit you
got to put your money with with with
Mark and that with Mark you just have to
say look here's a check and she says
well I'm not big enough to send that
check yet. She isn't. But you can take
you get rid of everybody and give them
all the madmen out. Give them a check.
They'll develop a much better than you
could ever come up with ad and you're
going to make a lot of money. And by the
way, you take Spotify and you take um
take Spotify, take Shopify, take uh
well, I mean like your ads. Like I know
like Octa Octave is like you have an ad
for Octus. Like I'm listening to you.
I'M LISTENING TO THE AD. IT'S LIKE WOW
MCKINNON got to him, man. This is a
great ad. Um, I think the advertising
market, uh, by the way, Reddit is
incredible. I I told them I told often,
you got to raise your rates.
>> Rates are way too cheap. When he figures
out that his stuff is like being scraped
by everybody, I love the ad market
because it's something I understand and
I do think that if you send Zuckerberg a
check, you could be the category winner
out of nowhere. Spotify because it's got
that high-end audience.
Remember, I'm not a tech guy, okay? I'm
looking at you and I'm telling you, I'm
not a tech guy and I know when tech's
out of favor. I'm sticking in the video
because I I have great belief that GTC
and Vir Rubin's going to be amazing.
It's going to reason. I love Hogan. I
think that Apple's going to get a check
beneficiary from someone of perplexity.
I don't know. Um I like businessto
business, but let's take our time with
anthropic. I don't understand Open AI
other than the fact that they want to
speak to the New Yorker, New York Times.
Good. I don't want them. Uh and I do
think that in the end Disney should have
taken a nice big check from them and
that was the that was one of the
defining trades of this period along
with AMD peeking out October 29th
>> which was the top
>> Zuckerberg birthplace wide plains grew
up in Dob's Ferry
>> I thought he grew right New York you're
right New York not New Jersey I'm sorry
Mark Zuckerberg as a New Yorker that was
a
>> no but he's not like the sports fan like
Jass he's a giant fan it. Okay. So, the
Meta thing.
>> How about how bad Amazon stock acts. Oh
god, it's killing me.
>> It's funny. You are getting so I said
Apple. You ended with Meta. I said Meta
and now you're on Amazon. So, I'm going
to ask you about Amazon. Here's my hot
take on Amazon.
>> I want it.
>> Missing the Bezos spark.
>> Um, okay.
>> It took pain to write CFO. You know, I
love Andy. I do think that the guy who
runs stores is real good. I think the
guy Matt who runs AWS is real good. I do
think that they un are up against a
postcoavid still haven't figured out
this structure of costs. Uh I refuse to
believe that that I don't want to
believe what you say.
>> I it's a hot take but
>> no what I said. I don't want to believe
I don't because it's a huge position.
It's my large position for my trust
because I love them. My basis is really
really low.
>> My book was called Always Day One.
>> No kidding. I'm referencing your book.
Your book is really good. And what
you're saying basically is is that
>> it would be amazing if Jasse wasn't
running. He runs hard. I mean, he really
runs hard. But is he running in place? I
don't know. But he's running hard. I I I
am one of those people who really looks
at something and say, I love the stock
because I love the product. If the
balance sheet checks out, that's kind of
my thesis of my book. And I love the
product, Amazon. I think they're going
to figure it out. But they are stalled
right now. And people don't like the
stock at all. I think there they don't
like the stock at all. You know why? For
the same reason that people don't like
Apple because jobs and and Bezos and I'm
not buying that at all. I think that
Amazon is just a Amazon just needs web
services go to 20 23% growth and we need
to see the real growth of Azure which I
think is overstated not not illegal. the
kind of thing that you have this weird
confluence of of Azure and whatever the
hell they're doing with the Sarah Frier
there. Uh so I think that you've got uh
Amazon's is a real quandry because gez
how did how did Alphabet do this? How
did they do it? How are they able to a
sanction monopoly? Isn't that amazing?
Was it Ruth Porat? Hey, how about
Ashkenazi that uh it's the CFO from
Lily? She's a winner twice. Well, she's
fantastic.
>> Jim, you're you're amazing because every
every one that I bring out, you set me
up perfectly for the next one.
>> Well, this because I know you're showing
>> you're good. You're good. Obviously, I
So, let me just do one followup on on
Amazon. Um,
>> did you do the new Alexa
Plus? I think it's great.
Your schedule.
>> It has has my schedule. It has real I
use it completely. It has real
personality. My wife and I, we have it
in the bedroom, in the kitchen, and in
the living room. And she's like, "I
don't know what this does." I was like,
"Let's see, Alexa, let's have an insult
competition." I I don't know if I could
do that, Alexa. But then it it goes
ahead and and we start going back and
forth. It's actually
>> I got to use it more because I use it
every day. Every day. And I come home
and I like, "Give me the ride of the
Valkyries, you know, give me the Baler
brothers. Okay, I want to hear
Beethoven's one through ninth." It's
real. It's It's got that brain. It's got
that brain.
>> But here's why I'm worried about Amazon.
We have some reporting coming out that
they have this AI tool inside the
company called Cedric and their version
of GP Roofers or Cedric.
>> I think Cedric the Here's the problem.
Cedric is smart but you know how Amazon
has this product development process
where they write everything out in six
pages and then they start they start the
meeting everybody reads and then they go
ahead and talk.
>> Now the AI one of the best practices is
have the AI uh uh write the help you
write the document. The whole point is
the pain of
>> thinking it's supposed to be Oh my god.
That is that's very disappointing. It
was always to be laser focused on your
own mind. That's disappointing. I didn't
know that.
>> Yeah.
>> And they would just use I mean which one
are you using these days?
>> Chad GPT.
>> You're still in Chad.
>> I think it's great. Uh I try I try them
all.
>> Knock yourself out.
>> Uh well and we'll talk more about
opening up.
>> I don't like that stupid thing trying to
be me and know me. Oh, Jim, maybe you
want to use these 10 things for mad
money. Oh, go to hell.
>> Right. So, for me, what I like what I
like I like the memory. I have the
opposite opinion of you on this.
>> The memory is false.
>> It's a bogus memory. Come on. Let's go
to novels. We're truth.
>> I don't need it to be my friend. But if
I'm planning a trip and I just type a
new query in, it says, "Oh, I remember
that you're going to, let's say,
Ecuador.
>> Here's some things that you should think
about."
>> Does it say go to Gopagos while you're
there? Uh this is I'm going to be I can
be that too.
>> Yeah, the Galapagos would be okay. I
understand that. I just think that like
uh let's say you're talking because
Ecuador is very high up. You're talking
about altitude. So it will be like okay
like actually you should be fine to be
in this place and fine to be in this
place oxygen. What does it tell you to
do? It's like Denver.
>> Well, it's it's three times the football
field when you need the oxygen.
>> Keto's three times as high as Denver.
The
>> keto that's good for them.
>> Okay. All right. So that's that's
Amazon. Uh we we'll get we'll get back
to open AI, but let's talk about Google.
All right, here's my here's my Google
hot take.
>> Google they out too soon. I love them. I
love them. I love them. I love them.
>> Here's the hot take. Until uh someone
builds another search ads business, it
doesn't matter what chatt does. Also,
Whimo is a beast.
>> See, what am I going to do when I agree
100% with you? See, what do you I not
only does there no controversy, but I
genuinely love Whimo. I love the YouTube
TV where you can get the NFL. The search
is just beautiful. The the the way it
makes it so it doesn't link back to the
way I managed to make the street was all
like you link back to me and I like
burned you and I got my stuff. Uh it is
magnificent.
Google is magnificent and I just cannot
believe how good it is. It's just
fabulous.
>> One of the nice things.
>> Do you think Ruth does a lot there
still?
>> I don't know. Yeah. Me neither. I see
like Ruth I see Ruth fingerprints. She's
really smart.
>> Definitely.
>> And also humble.
>> Yeah. I mean it makes a big difference.
That's one of the things. So the things
that I've seen of in terms of what makes
a big tech leader successful, it's
honestly being humble and being open to
feedback because you know it like
>> Taylor asked me what I thought about the
NFL thing.
>> He did. He said, "What do you think?" I
said, "Well, I would move this. I would
move that. I move this." Done.
>> Done.
Done. I mean, come on. That talk about
no humility. Like goes to some Yahoo. He
asks what not Yahoo. I ask what I think
of it. And I'm like, give it to him. He
goes, "That is great. That's done." And
then I see it, you know, and think about
what that is. That's someone who's
willing to take feedback. Doesn't feel
like if it wasn't invented there, it
doesn't matter. And and delivers really
really quickly. And I just think it
that's why I say bravo. I had thought
and I dealt with the government, the
justice department. I have felt that
they had a powerful case and when that
judge reversed and said, "Hey, listen.
We need them to give Apple uh money
because we got to stop them as
monopouist." I mean, that was the most
fatuous reason. I wanted to send that
guy right back to first year.
>> You said some nice things about
Zuckerberg before. I'll say a nice thing
about him.
>> I like him.
>> Talking about feedback, one of the
things I've met with him a couple times,
>> okay,
>> he doesn't want to lecture you. He
actually he asked questions
>> and and that's why they've been able
social media is the hardest category to
succeed in and that's why they've been
able to do it.
>> Oh my god. And when he had that in the
conference school when he said listen I
want to do your advertising. Just send
me a check.
>> It wasn't hubris. It was more comic. It
was like listen I can beat everybody and
he can. And I love the last night you
know I come back from the Eagles game
and my wife is in her deep dive and her
deep dive is the feed still. I mean oh
there too many ads there too many ads.
doesn't stop you from the feed. She re
she like everyone I know looks at the
feed before they go to bed. Me I'm
reading this book right now uh about
blank fine autobiography and I'm reading
a book about John O'Hara. She's reading
the feed. She upended the whole paradigm
of what she did before bed which was
like read good books. Incredible.
>> Here's Microsoft.
>> So boring.
>> This is my Hey, how was the co-pilot
when you were jumping out of the plane?
Huh? I didn't I used the meta the meta.
Exactly. Right. There you go. It did not
hear anything because I was just going
ah
>> wow.
>> But you see it because uh you know I I
turned back to my wife and I'm like is
this the recording? Yeah. She went
second. I'm like is this thing on? She
said yeah. And then
>> do you have like life insurance
>> out the plane?
>> No. I got to change that.
>> Well look I think that Microsoft's
problem is
>> Let me give you the hot take that
they're winning.
>> Here's my hot take and then you can
respond to it. My hot take is uh Azure
is a freight train that only OpenAI can
derail.
>> Um
yeah, but they won't. I like that. It's
freight train. What do you think? It's
like the fugitive. There is no train
coming at the freight train. I think
that Microsoft is the freight train. I
have tremendous respect for them. Um I
wish that they could get out of my PC
because they're everywhere, but the fact
is I can't get rid of them. I have a
really good high IT guy that I pay a
fortune to just to strip everything that
I don't want of Microsoft my PC and he
can't. They're just so good at
embedding. I mean, I'm just glad they're
not embedding in my brain. Uh, they
probably are, but yeah, I like your
analysis and open can't stop. Open is
defined as vertical. They hate it when
you say they have to find the vertical
because they don't believe in verticals.
But I believe in verticals because I've
been around sometimes the benefit the
benefit of age is better than benefit of
wisdom.
>> What vertical do you think they'd be
best in open AI?
>> Against Mark, but you can't because he's
too great.
>> Again Zuckerberg.
>> Yeah.
>> Social media.
>> Too great. Yeah.
>> He's just too great. He and he's I mean
look, do they innovate? Yes. uh have
they uh figured out if they monetize uh
WhatsApp that would be like a that would
be like Musk monetiz Musk monetizes but
it doesn't go to you know go as a
separate bucket I love Musk
>> okay I well you brought me right to
>> I don't know personally it's like you
have the agenda cuz you brought me right
to Tesla
>> why not this is what see look this is an
intellectual vacation for me because
I'll spend far more time trying to
figure out the industrial gas market
than I can this This is the vacation.
Okay. I I I I I'm going to go back and
try to figure out why Walmart passed
Costco.
>> And that's not like what your your world
big personalities, big money, really
exciting. My world pedestrian prosaic,
just about making money. And I know that
I'm a dollar sign represented by a man.
And I I don't I don't mind that. I I was
talking with my wife this weekend about
the idea of being a guy a My book's a
populist book, okay? It's how to make
money. And I'm a populist howto. And yet
when I started, I never wanted to be in
the how-to car. I that the how-to
vertical is the lowest of the low when
it comes to being literary. But I wanted
to this be my last book and get people
to if they're if they're owning stocks,
please understand why the magnificent
were magnificent. That kind of thing.
And but in my heart I'm a populist and
but not a political populist because
that would make me sometimes a populist
becomes a fascist and I'm not a fascist.
There you go. That's my hot take. I'm
not a fascist.
>> That's a good hot take. I would Well,
yeah. We don't even have to put hot the
hot label on it.
>> Go ahead, M.
>> All right, let's do let's do I want to
do Musk, Nvidia, Oracle Core, and go
back to OpenAI.
>> Actually, did he get back to me?
>> Yeah. So So let's do that while Jim
checks his phone right after this.
>> No, no, no.
>> I'm going to go to a break. I'm going to
go to a break and then we're going to
come back. All right, we're back right
after this. And we're back here on Big
Technology Podcast with Jim Kramer, host
of Mad Money and the author of this
great book, How to Make Money in Any
Market. Definitely recommend picking it
up. We're going to just continue with
our hot takes.
>> No, I mean, it's great and I mean it
when I say that I listen to your show
and I say I wish I had your facility for
this stuff, but because I have you, I
don't need it.
>> I appreciate that and I It's great
having you here. So, uh, let's talk
about Tesla. My hot take on Tesla is
self-driving is going to have to work
and it might.
>> Absolutely. And I remember when the
Whimo people first introduced it to me
and they were talking about how you
would never have invented a car where a
human does it because but it it happened
to be car before the horse. They did.
They thought humans should do it. But
humans are terrible because they they're
drunk and they're tired and uh and
humans can't. One time Jensen told me
that humans can't handle black ice as
well as autonomous. I was in black ice
yesterday. I think he's absolutely
right.
>> 40,000 traffic deaths a year in the US
alone.
>> See, now think about that. I bet you
that could be cut by twothirds.
>> I agree.
>> And I think
>> you ridden in a Whimo.
>> Oh,
>> Tesla self-driving.
>> I love the Whimo.
>> Unbelievable. Right.
>> Well, I also like the Jag. But yeah,
look, I don't want to see humans when
I'm next to me. I want to see nothing
because I trust nothing because I know
that person's not drunk. Like, you know,
when you see a car weave and you're out
like 11:30 at night, all you can do is
think, "What do I do now?" I get very I
get petrified when I see the car weave
that Whimo ain't ever weaving and I
really like that. I think I think that
it's very important that works and I by
the way when I think about Musk what I
think about it is the battery division.
I think that battery division is going
to solve a lot of what we have in terms
of like one of the things why did the
the obsession with clean power. I love
it but clean power is really really
expensive. I prefer battery power. And
if Mus does what I think, which is be
able to capture all that heat and keep
it overnight, you make it so that it's
ready uh for the morning. Uh wow. I
think the battery is great. I think the
robot looks really, really good. What is
that Norwegian outfit right now that has
the cool robot? Not the Chinese. I know
the Chinese were
>> Are we really that Are we really that
stupid and they're that brilliant? It
bothers me.
>> The Chinese.
>> Yeah. Well, what do you think the answer
is?
>> I think if we have an inferiority
complex of not unlike the way we were in
1960 with the Russians
>> where we really felt that we were second
raiders, the Russians knew more. They
had gotten the best Nazis. I'm sorry to
say that, but you know, they got the
best scientists and they were a fascist
country and therefore they could control
everything and they had all the great
nuclear scientists and and they were
going to put someone on the moon ahead
of us and they had the Hbomb and they
had taken it because of the Rosenbergs
and they could kill us all. And that was
the narrative when I was growing up. And
I remember when this guy was black from
all the B-52 planes they were moving to
be able to stop the uh the Russians in
Cuba. And it seems like that that's
Taiwan.
We're overly we're very very insecure
about the Chinese. And yet I'm not
insecure other than the fact I really
like I don't want our universities
destroyed because they're pretty good.
But I I do not share people's belief
that they're so much smarter than us and
they're and they are totalitarian
government and in the end totalitarian
governments do not make it. History says
that.
>> Right. But in the meantime, it could
cause some disruption. And we that comes
up in the Tesla conversation. Anytime
you leave anytime you leave the US, you
see BYD cars, build your dreams.
>> How about the one that's like Lincoln
that my wife she it was like it was like
a it was like link. She got it in Italy
after having a Mercedes. It was much
better than Mercedes. I get that. But
Europe's suicidal. They should ban. They
should just say, "Listen, we're going to
put a double tariff on." They're just
the Europeans are so unaware of what can
happen that they could wipe out Mercedes
and Beamer. They could and I don't know
why this they're just willing to accept
that beatd down.
>> Look at Mexico. She's not
>> Claudia. I mean, I should incorporate
President Shima who's a remarkable
person, right?
>> Great president.
>> All right, let's do Nvidia. I was gonna
say I was going to say my hottick for
Nvidia is we're going to need an ROI on
AI eventually. I think that will be my
hot tick actually. Yeah,
>> Jensen would tell you that Alphabet is
demonstration of the great ROI, but of
course they have their own chips too.
The reason I believe in Jensen still is
because he when he has a new chip, it
gives you the new chip I think will be
able to show you how you could pitch a
perfect game every single time. Uh, it
will show you how. I remember I said,
"Look, I own a bar. Now, I've sold the
bar because we have a messcow business."
And I told Jensen that I wanted to see a
bartender that's not human because human
steel uh is cash. It's too much cash.
Steal. I I was stolen from every single
day for 10 years. Okay. But a machine
wouldn't. I'm betting on a Whimo like
bartender, meaning that we like it much
more than the a than a Uber. and he said
it's gonna happen within the next two,
three years. If we can, and that's I'm
using that as a metaphor, okay? If we
could get a bartender who can pour five
drinks at once and doesn't steal, that
is something that will give you an ROI
to beat the band. And I Jensen's very
practical. Now, he does say right now
there's a four to one four times. And no
one's buying that except for me because
I love Jensen. Believe in him. But I'm
not worried about him because Jensen is
not who we've seen. He's been thrust in
the limelight. I want him back at the
office. There's not much you can do
because he's got a president that is
that is uniquely concerned with what
he's doing versus the Chinese. But I'm a
I'm a believer. I'm not going to sell it
because I think I think Beer Rubin's
big. And the fact I remember I was
talking I said, "How are you able to
look look in the future?" And he goes,
"I look 20 years in the future and I
look backward from that." I was
beautiful. It's
>> beautiful.
>> Love that. When are they going to hit
$10 trillion? When is Nvidia going to
hit 10 trillion?
>> It's not a problem. We have to maybe re
v revisit four again first.
>> They're at 4.3.
>> No, I'm saying like four, you know, hit
that.
>> They're going to go back and then bounce
back up.
>> Yeah, I do think that. I think 150. I
don't know what that would make it at.
Um,
>> so do you think 10 trillion is a
possibility?
>> Yes, I do. Because when when it was at
300 billion, he told me it could be a
couple trillion. And everyone laughed.
Faber laughed. I love favor. Uh, but I
believed and I believe I think Jensen's
different from you and me.
>> I mean, it's that's for sure that's a
little Fitzgerald like who by the way
does not hold up.
>> Fitzgerald does not hold up. I think
people should realize that.
>> Let's talk about Oracle.
Here's my hot take on Oracle.
>> I love Sapper so much.
>> Um, my hot take is either the best or
the worst FOMO gamble of all time.
>> Yeah, it looks like the worst FOMO
gamble. Isn't that funny? That's a great
way to look at it. uh that move is
almost, you know, the move is almost
fully repealed. They have to get to 118.
Call me at 118. I But if Larry or his do
two doppelgangers had just simply said,
"We can own this market. We can take it
from Core Wee. Um we have a better
balance sheet than Core Wee. We can put
up a lot of these." And when he and the
RPO number, I'm not saying it's a false
RPO. You could easily say that that it
could be in the bank if if OpenAI were
to come public. But you when you come up
with that RPO number 300 uh that was
that was the bridge too far.
>> That's the 300 billion build out with
open
>> that was the bridge too far and that was
bad. Operation market garden bad didn't
work. Snow in September that's parachute
reference.
>> All right. Here's here's OpenAI. Uh Open
AI too much of the market depends on
them but they might still pull it off.
They have the ability to pull uh to pull
it off because they're darlings and a
darling does make it through. Uh they
they're what Dylan I'm sorry Disney told
Dylan he works with me. Disney told me
that it was going to happen that you
could find people you know good people
you Johnson CFO there that good people
are willing to throw money at them still
was a sign that they think it's going to
come public at a trillion or 750
billion. Sarah Frier's very good. Sam
Alman is he's in touch with the elites.
There are enough elites in this country
to shower him with money. U because the
elites are back because we're kind of
like a, you know, you know, we're
kleptocracy, right? We're a bit of a
kleptocracy in the country and uh there
are just people who want to throw money
in because they just want to be in the
room with him. That can last for a
little bit, but I don't know about
Oracle. They got to pull back. You know,
they got to break out. They got to break
out of that tail spin. I they have to I
mean because the stock's in freef fall
again uh and someone can you can go up
buy this credit default watch take them
out big doesn't make a lot of money you
can make it look like that the debt's
going to go under you know that's going
to be uh junior to you uh but Oracle is
is the weakness not not open AI oracle
is because open AAI like I said when you
have that kind of cache that he has
someone will give him money should they
I don't think so because they really
don't have any real edge you love your
Catchy BT. I love my Gemini,
>> right?
>> I mean, I'm like, do you know that at
one point or another, I liked my
perplexity? I liked I liked my
anthropic. I liked my Claude. I mean, I
like my Claude, but you know, I'm fickle
like everybody else, which is why you
got to give Tim Cook $30 billion to make
it so that it's just built in. And then
I don't have any choice. It'll be like
it'll be like Teams,
>> right?
>> Have you ever tried to get rid of Teams?
You can't.
>> You can't. No, it's impossible. When
you're talking about it, this is stuff
is
>> tyranny. the stuff is commoditized and
then it's just going to be like you said
the model builders have less of an
advantage than we thought we were going
to
>> exactly you know this see you're not
playing hard to get you you know I'm
right you you think about what you said
about alphabet there was no you there
was no irony there you suspended irony
you just put it out there isn't this the
best think about because you're ironic
in some but you're choosing not to be
ironic on others you're ironic when it
comes to Zuckerberg because we put him
in that we put him in the glasses
category because he did say that it's
the best form of AI is glasses, but you
and I both know it's it's deeply flawed
right now. It can be great.
>> Agreed.
>> Now, do you feel that when you're
translating, is it better to use your
iPhone or your glasses?
>> I have started to use chat to translate.
>> Have you really
>> put it in, you can type it in, it will
spit out chachi.
>> But when you're talking to people in
Italy who they don't speak a word of
English, then I
>> My wife My wife says the glasses.
>> Uh I'm lucky because my wife is German
and are really
>> Yeah. And she knows
>> from where what city?
>> Uh the Bavaria. So she knows Oh, that
close to Italy. How hard how about how
hard the dialect is? People from Western
Germany cannot even understand people
from Bavaria. Incredible.
>> Cuz I went to Berlin and she had to give
me a dialect lesson. She goes, "If
you're going to try to speak the German
that you know, you should you should use
these."
>> I knew it. I knew it. I knew it that YOU
WOULD KNOW THAT. IS THAT NOT cool that
you can't understand I mean Bavaria?
That's so
>> Yeah. Well, I think yeah, they they they
do want to separate.
>> My my late uh in-laws were from Lou
Vikhavin. Okay.
>> But they're working class BFF and uh
>> now can from my first marriage to to
>> uh well to Karen. I mean I just you know
that's far a field from what we're doing
here. But it is like your f my first day
you know.
>> Yeah. All right. So
>> she's German, huh?
>> Yeah.
>> How cool is that, man? It's very cool.
It's a beautiful country.
>> It is really nice and the beer is great.
>> It's such a great country.
>> All right, let's do let's do one more
hot take. I want to be able to spend
time talking about your book. Uh, all
right. This one is I do I like the book.
I want to talk about it.
>> My book is my book. I want to talk about
what you want to talk about.
>> Okay, the last one's Cororeweave. So, I
just sat down in Trader.
>> So, I just sat down with Michael in
Trader who I know a lot of respect for.
He's the CEO of Cororeweave.
>> Talk about self- aacing.
>> Oh my god.
>> I I I'll tell you this. So that episode
>> the episode. Yes. And lives lives like a
couple blocks away from me in Brooklyn.
>> Are you serious? What street are you on?
>> I'm right on Flatbush Avenue.
>> Oh, you're all the way over. Okay,
that's some good value there.
>> So this this uh the episode's going to
come out in a couple weeks and we went
through legitimately every criticism of
the company,
>> right?
>> I And you know depreciation. You're on
to depreciation. You're very on to it.
>> You could listen to a lot of
>> Right. That's the the chip. Um,
>> but that's Michael's rap.
>> Look, you could listen to a lot of the
negative stuff about Cororeweave and I
came away impressed. My hot take on
them, it's in better shape than the
haters say.
>> Okay, so I agreed to have dinner with
him, much to my own chagrin because like
I know he's a con artist who's doesn't
know anything. And three hours later, I
left the dinner. I said, "Oh my god, I'm
going to recommend it." And it was at 40
and I said, "The world should be in this
deal." And Faber was critical of me.
said, I said, "No, no, intrader has the
model. Intraderrader understands it."
And in the end, the the stub is worth
much more than people realize. And I
just like his attitude toward life.
>> I agree. Yeah, wait to air this episode.
It's the first podcast episode he's ever
done.
>> Talk about Core Scientific.
>> No, see, that's a tough one.
>> I should have spoke with you before.
>> No, that's a tough one because Core
Scientific led him. They should have
taken the deal. That was so dumb.
>> Yeah.
>> I mean, Core Scientific, I don't even
know if they can build these things.
Take a look at all the ones I couldn't
finish. There were five that they can't
finish and maybe they're finished now.
But I'm glad you interviewed him because
he's refreshing,
>> right? I thought so, too.
>> Eastern.
>> Yeah,
>> he's an Easter.
>> Yes. All right, let's let's talk about
the book. Uh, how to make money in any
market.
>> Okay.
>> Uh, you're So, I I picked up the book
and I'm a I am a big So, first of all, I
don't trade individual stocks because
I'm a journalist. So, I try not to big
favorites. That's very right. And I so I
sort of maybe through that got into this
idea of that when I talk to friends
about money. This is not investment
advice folks forformational purposes
only have to say that. But when I speak
with friends I say don't pick individual
stocks go with the index fund. And then
I read your book. I pick it up and it
says if you want to if you want to be
rich
>> that is not the right perspective. you
actually need to start to you basically
you suggest 50% in index funds to have
that stability and 50% in individual
stocks for me the ratio I you know more
than me that feels like a very
aggressive ratio because most people who
bet on individual stocks or day trade
lose
>> right well we don't want remember we
don't want betting and we don't want day
trade we want long-term
uh compounding
individual stocks that have been that
that have good balance sheet and a great
and remember I only want growth stocks
but I want legitimate growth stocks I
don't want a low okay you know AClo
D-Wave I mean just please stop get out
of my face what I and and I recommend
yes because I talk about how individual
stocks one individual stock may make up
for everything and I I think I pretty
well documented how that can be my
experience is is that people want to own
individual stocks but they don't know
how they want to be able to examine
something, see something, be curious
about it, and even buy the stock if it
meets certain criteria, but they don't
know what the criteria are. You do am I
telling people to buy Lily? Yes. Why?
Well, because it does. I think it could
double. It could triple because they're
going to own the best market in the
world. And I want people in individual
stocks and I can't. I have a charitable
trust. I give all the money away. I've
been fortunate enough to give a lot of
money away. But, um, an Nvidia is a
lifecher. I put together an Nvidia
millionaires launch that you got to meet
uh you got to meet Jensen. Jensen of
course I said let's have a group
picture. He said, "No, I went selfies
with each person." And they were all
there were people from all uh walks of
life. And I think individual be what I
mean is that there was a policeman
stopped me always still intimidated.
What did I do? You know, I don't smoke
pot. I What the hell I do? And uh and he
said, "Listen, um Jim," I said, "Yeah."
He goes, "I'm a millionaire." I said,
"What do you mean?" He goes, "Well, I
bought the Nvidia when you named your
dog Nvidia." And I bought a a small
amount, but it turned out to be I it was
a big amount for me. And I said, 'Wh are
you still police officer? For it's a
it's a calling. They were teachers.
There were people who sold insurance.
There were a lot of retirees. They were
people who whose lives changed because
of Nvidia. And
>> isn't Nvidia the exception and not the
rule?
>> Okay, so that's what's really important.
I think if you're picking growth stocks
and they've meet the criteria that I
talk about, which which is not easy, I
think that you would find that it's kind
of like the NFL. There are players, many
players who are good, but it's hard to
get in the NFL, but once they're in the
NFL, these are superstars. And you know,
like someone, we beat the Raiders the
other day, and someone said, "Oh, I
guess the Raiders could lose to LSU."
No, I mean, these are really the best
there is. And there are, you know,
there's 53 of them up on each team.
There's a lot of special stocks. There's
53 on each team. I feel the same way
about stocks. And you have to find them.
uh they're difficult but in the end
Apple is when your daughter says I need
a second iPod their jewelry uh
Zuckerberg you know Facebook did change
things and then Insta changed things and
go on and on about the things that
change things and if you see things that
change where you adopted it and the
balance sheet works I think you have a
winner uh one speculative four are meant
to be solid growth stocks and you know
you can but I did say you can fool with
the ratio uh some people don't have
time. Maybe there should be 75%
uh 75% index fund. But I just wanted
people to feel confident that they can
follow their dream and maybe those
people who are at the Nvidia meeting,
they would never have been rich. And I
love it when they're rich. You know, I
do a lot of bottle signings. My wife's
got a measuro. She should advertise on
your show. You'd have to read it. You'd
love that. And I'd be happy to. And it's
uh it's actually doing quite well. Well,
it's the fastest growing agave spirit in
America, which is terrific. But we work,
we hustle, she hustles, she hustles, she
hustles. But I go to bottle signings at
Total Wine and Warm. And most people
bring me their statement to show me how
rich they are and that they're
millionaires. Some guy had made 10
million. He bought four bottles. Thank
you. But I've seen it. And remember in
the book, it starts out with Mr. Paul,
uh, Mr. Hank versus my dad. And my dad
lost everything on national video. And
we lost everything. When I said lost
everything, I mean like we had no money
because my dad kept putting the money
in, averaging down. And then his the
other person he worked with bought Merc
regularly and he said, "Listen, it's a
fine growth company with a good balance
sheet. I'm going to keep buying." And he
ended up being a multi-millionaire
before they were multi-millionaires. So,
it's humbling.
>> Uh but there's ways to do it and there's
which is Mi Mr. Hank. And there's ways
not to do it, which is Mr. Kramer or
Mrs. Kramer, my mom, who also got it
wrong. And I didn't mean to use them as
looking like they didn't know what
they're doing, but they didn't. Yeah.
And I I was willing to expose them as
not knowing what they're doing because I
thought people would understand how much
it hard it is for Jim Kramer to say,
"Hey, his dad didn't know and his mom
didn't know." But I was a creature of
them not knowing and a creature of us
losing all our money. And I didn't want
that ever to happen.
>> Okay, I have two more. I'm just going to
ask you both. We have six minutes left.
>> Six minutes. Uh
>> you can't talk about Octa. I had a funny
Octa story.
Let me let let's see if we have time for
that.
>> Oh, you're screwing me, man. Can we go
over?
>> Okay. Yeah. Uh
>> I guess not. Spotify doesn't let you.
No, no, don't. I don't want to get in
trouble. I'll come back sometime.
>> Uh no, maybe we can fit it in. All
right. Let's let's do this.
>> It's it's a minute.
>> Okay. All right. Why don't you tell the
actor story for a minute, then I have
these two questions for you.
>> I go out to San Francisco and I have my
daughter join me who's very tough girl.
She was she was 20 at the time.
>> And she said, "Dad, I listen you talk to
all these masters of the universe. I'm
going to go outside. I'm going to point
in a building. Get me a job." And she
pointed at Octa. And I had to go to Octa
and like it was Saturday morning. I went
to security. I said, "I know Tom McKay."
And like the big security guy said, "Get
out of the building." And she goes,
"Dad, see you're not so hot."
>> Okay. I'm glad we made time for that.
That was definitely worth telling. And
>> Todd didn't laugh at all when I told
him.
>> Really?
>> He's humorous. I love his humorous.
>> Okay. Well, did she did she apply to
Octa?
>> No, she she works at the food bank.
>> All right. Uh All right. Here's the two
questions I have to to wrap up. Um, what
is the role of cash? Because uh the
market when the market seems frothy.
>> Yes.
>> I I feel like maybe I'll just keep in
cash and wait for things.
>> You should go you can go down to 15%
cash. I don't want more than that
because then you ruin the power of
compounding. I got to keep you in
reinvesting those dividends. No day
trading, please.
>> No. No options, please.
>> Go ahead. What was the last one?
>> Last one is it's kind of a big vague
one, but I think it'll be a fun one to
end on.
What's the purpose of money?
>> Wow. Purpose of money. Unfortunately,
the purpose of money is to make it so it
should I I would like to make it to be
so that everybody had healthcare. That's
the purpose of money. If we give
everybody healthcare, then we're a
successful country. And that's what it
should be for. Tax people, tax rich
people until they have until a lot of
money is taken away from them so that
that can help healthcare. We have to
give healthcare to people and that's
everything and anybody who's involved in
the healthcare uh movement like I am
just knows that it's the fulcrum of the
country and whatever we have whatever
extra money we have should go so that
everybody can have healthcare in this
country. That's money.
>> Love that answer.
>> Thank you Jim Kramer. Thanks so much for
coming on the show.
>> Thank you for having me.
>> Great talking with you. All right
everybody, if you're new here, please
hit follow. We do this twice a week. And
in the meantime, we'll be back on Friday
to break down the week's news, and we
might have a special uh episode coming
for you in a couple days. So, definitely
recommend you stay pay attention to the
feed as we go. Thank you, Jim. Thanks to
all of you for listening and watching.
Make sure to pick up the book, How to
Make Money in Any Market. Highly
recommend it. And we'll see you next
time on Big Technology Podcast.