'Mad Money w/ Jim Cramer 9/8/26

0:00It's all about the money. I want to be the person in my family that creates an original well. How they earn it, spend it, and make dreams come true. I'm not going to sugarcoat it. It's hard, but it's so worth it. Millennial money, all new Saturdays, three Eastern CNBC. My mission is simple to make you money. I'm here to level the playing field for all investors. There's always a more market somewhere, and I promise to help you find it. Man, money starts now. Hey, I'm Kramer. Welcome to Man Money. Welcome to Kramer, Arkha. Would be my friends. I'm just trying to save a little bit of money here. My job is to entertain but dedicate to some teaching. Call me 1-800-733-CMU-C, tweet me at you, Kramer. But there's more to life and investing than the data center. I get it. The money's huge. It's incredibly exciting. Harvey Deco is probably not something big happening. A new model of open AI that's been wanted to tear a revival of intel and could be gigantic.

1:02I like the philosophical debate about the machines becoming our overlords. Oh, no. However, the endless focus on the data center and the anti-data center backlash is obscuring opportunity after opportunity away from it. And I am no longer willing to tolerate you missing needs. And that's why, if you're day with the Dow, you'll be saying 628 points. SBCed.5% and then I said to Klem.32%. I want to talk to you about some of the other terrific stories that people are indeed missing out on because of data center obsession. No, I'm not saying that I've lost faith in the data center story, not at all. I'm quite sanguine about it. And I think the group will start roaring again after the election. I'm not abandoning stocks for my child. So it's like Gene Vernova, which makes the turbines. They call them turbines. They turn natural gas into electricity or intel, which makes CPUs and is raising prices on them because there's so much more demand than there is to fly.

2:03We just bought micron for the child trust. The original is World Hicolors and Boise Idaho. I'm going to give a CMBC investing talk Thursday noon, which starts with why I actually sold corning. You certainly don't want to miss that explanation. So I still believe in the data center, but I also want to open your eyes to other opportunities. This morning, for example, GE Aero Space spent nearly $12 billion to buy a castings company called Consolidated Precision Products to integrate this key segment into its supply chain. It's vital for both commercial aircraft and typically defense, both of which are booming. Now, on a day where oil's up, you might not want to focus on anything airline related, but travel's been booming the whole time. The whole time the Iranian world is going on. This acquisition will pay off quickly for GE making it more likely that they can accelerate production. This is also good news, therefore, for Boeing, a huge customer of GE that needs to boost its production speed, GE is relatively close to its highs, deservedly so. Boeing nowhere near its high.

3:06Yet the order book is full. Let's think there was this negative article about how Boeing is being hurt by the problem-filled spirit Aero Systems acquisition made that one two years ago. But that actually hadn't been done because Boeing liked GE Aero Space needs to get better control of its supply chain. A high, you say, who needs that kind of problem? Boeing just reported its slowest deliveries in four months. I come back and say, wait a second. First, the problems from the spirit deal are now behind them. You know what, the storage is actually old news. Plus, CEO Kelly Orkberg has made it clear that orders would be lumpy. I knew that. And look, I know the high price of oil, particularly jet fuel, is bad news for the airlines. But the higher price of fuel also makes these new engines and airplanes far more valuable than before. Why? The way more energy efficient. It's a good situation that has nothing to do with. The data center, it does require more better tech that AI can help with. Next, if you notice the incredible run in Robinhood, the stock, I know what that a lot's happened here is related to the recent strength and crypto, any excitement of the prediction markets.

4:08But that's visiting the big picture. Robinhood owns the youth market. Three quarters of its clientele are under 45 years old. The median age is 35. The deposits are growing at a 20% clip. Those are staggering figures, as is their 28.4 million funded customers. Or how about the buying out pay later business that's a firm? Max Lefzzen's company has 28 million active customers. A firm is a, it's got a whosoo of partners, including the biggest Amazon Costco, as well as Shopify, Target, and Apple, which launches a pricey new phone tomorrow. We just saw their quarter. It was excellent. People are selling a firm because they fear a rate hike from the Fed. I get that. But people will be paying substantially more for the stock without that worrying. What matters is that the quarter had so much momentum that I think you'll see great numbers right through the end of the year, holiday season. At the same time, Mr. and tremendous healthcare companies in bull market mode, chief among them is a company called Hinge Health, which is a digital physical therapy company. More on that one later, you get the benefit

5:09of your employer pays the bill. Here's one of the quadriple, metronome. Metronome at the medical device come to be shocked us with a big upside surprise and a major increase in organic growth. It's separating its worries and they had diabetes division by the end of the year. I don't want to be in a diabetes division of where GLP dash ones are sending it. The stock is now where it was when it reported. Yet it is a vastly improved year-over-year business. To me, that is just crazy. As long as the war with the Randrax one, it's easy to recommend the refiners, like a Valero or a marathon. I don't see it any any time soon. Not with the US and the Rand trading bodies this evening at islands and ships in the strait, but how about a pipeline that moves about 30% of all crude, crude, and earth, America? Now I'm talking about Enbridge, which has a 5.5% yield. It also has a natural gas. It's, you know, it transports 20% of the natural gas. It's consumed in America. Okay, it's Canadian. But it's not caught up in a terrifying because slapping tariffs on Canadian energy would be economic suicide for our country.

6:10When I wrote How to Make Money in Any Market, it sent you by the way a free sign book. If you join the investing club now, I didn't know that enterprise product partners was gonna be the, maybe the single biggest pipeline winner in this country. Thanks to the war, I didn't see that more coming. The CEO of Enterprise, Jim T. has raised awareness for the company's profit opportunity because of the hormones closing. The margins of some of the slick was like ethane to ethylene, ethylene to polyethylene, have soared. As T. says, the USINship channel is now just as important as the straight of hormones. Now there's an endorsement. Stock yields 5.8%. Finally, there's an AMGIN. Admittedly, this one takes a little bit of fortitude. It was down 44 points today. The stock's declining because it has a drug tenant similar to a Novartis product, which failed a cardiovascular trial today, sending a stock down $22. Novartis had high hopes for the drug testing for its heart attack and for stroke. We won't get a read out on AMGIN's similar pipeline drug

7:10until 2027 or 2028. And it's slightly different. But with this decline, AMGIN could remove that drug from its portfolio and the stock probably wouldn't go down all that much more. Now I'm not saying that every one of these ideas is better than anything data center related. I'm saying that the endless focus in the data center, coupled with the incredible backlash against them, is going to make it for rough sledding between now and the election. We can't have our heads in the sand. But if you diversify away from many things data center, not all, many, I think the next two months will be a happier, more lucrative time for you. Here's the bottom line. If we were playing a might of Versified tonight, I think you hear me recommend selling quite a few data center stories right in the strength to make sure that you can't be taken down by the anti-data center and grounds well that most people in Wall Street are trying to ignore. It's just not worth it to load up the boat. Better to have a few, then look elsewhere for the many other opportunities that are right in front of you. How about we go to Spencer and Alabama Spencer? Jimmy Chiu, how are you?

8:11Spencer, I am doing well. How about you, chief? Doing great, man. I'm calling in the course to an AI stock that I own 200 shares of. I could see it being a big player in the AI boom with 60 billion backlog and August goes profit and pretty much feels incredibly undervalued. The stock is SMCI, Jimmy. Okay, so SMCI to me has some irregularities that are related to accounting. I cannot recommend it. I see the momentum, absolutely. But you know what, I've been saying by Dell and I think Dell's better than Super Micro and I am sticking by that. I think it's quite even after this big run and it's still very, very attractive. Right, there's a lot of opportunity this morning. Just have to look a little bit harder and maybe how about this outside pure data center themes? Oh man, I'm gonna get right. It's time for our annual fantasy football stock draft. Day two for which games I think I'm going to be the big winner since we just mentioned what. Then Marbelle, Sank on earnings, part of our best just looking past this company's potential. I've got the CEO and we saw some deal news

9:12in the market today, but I think we're due for some more consolidation. That is if you want to stay afloat. I'll explain why. So stay with Pramer. Don't miss a second of Mad Money. Follow at Jim Kramer on X. Have a question, tweet Kramer. Hashtag Mad Mentions. Send Jim an email to madmoneyatcnbc.com or give us a call at 1-800-743-CNBC. Miss something? Head to madmoney.cnbc.com. It's all about the money. I want to be the person in my family that creates an original well. How they earn it, spend it, and make dreams come true. I'm not going to sugarcoat it. It's hard, but it's so worth it. Millennial money on new Saturdays, three Eastern CNBC.

10:13We just had our first real weekend of college football. And the new NFL season kick off tomorrow. A rematch of the Super Bowl, the defending champion Seattle Siocs, against the New England Patriots. That also means it's time for the new fantasy football season for the Mad Money staff. Tonight we're holding our chair for the not-year average slump, but dickly. I'm a little disbanded about throwing the eighth pick, but I'm trying to stay positive. If you're interested, I'm going to post my final roster for the Steve Addy's team on X tonight. Oh, and slump it because it's a British term that has nothing to do whatsoever with football. But a previous commissioner picked it about 15 years ago and we've been stuck with it. And every time a new season rolls around, I like to play fantasy stock football here on Mad Money because picking fantasy team has a lot in common with putting together a diversified stock portfolio. Hey, by the way, are the 11 stocks that picked last year? They're up 31% on average, trouncing the 18% gain in this beat 500 of the same period. That was easy. We know how to draft on Mad Money. So break out your pen and paper and let's get started.

11:16Now, we got a storm of our quarterback in fantasy. Good boy, you're typically the only play in one quarter of our quarterback per week. And what you want here is consistent production. That's why for the past several years, I've picked Apple as my fantasy stock football QB. As always, I only don't trade it. Not only does Apple make the most beloved products in the world. They're playing a very different game from their mega cap peers. Everybody else is spending hundreds of billions of dollars on AI. Apple spending next to nothing, just party with AI companies. They desperately want access to Apple's base and user base. To me, that makes Apple a lot less risky than the other members of the Magnificent Seven. With that in NFL terms, Apple reminds me of Josh Allen, the quarterback for the Buffalo Bills. Allen's a known quantity. He was the league MVP two years ago. Then last year, he had 25 passing touchdowns, 14 rushing touchdowns, which, well, it gives you more points in fantasy football. But the main parallel is that both Apple and Allen are now under new management. For the first time in 15 years, Apple has a new CEO, John Ternis, who officially took over from Tim Cook last week.

12:18Similarly, at the end of last season, the Buffalo Bills let go of former head coach, Sean McDermott, nine seasons. Brody former offensive coordinator, Joe Brady, to the position. Next, let's talk running backs, key position, in fantasy, which one are the equivalent of compathers. Stocks, you can just think grow and grow and grow over time. Basically, you want to run back like, and Vitya, the other stock on my own, it don't trade at least. Now, in the past, I've called in video, why receiving for your portfolio, more of a rapid growth name. But at this point, it's been churned enough to be a running back. That said, the video's still on track to put up 70% revenue growth. Next year, don't worry about today's action. It was just crazy down. For the NFL analog, I like probably the best player in the game, Jamir Gibbs, the thrilling running back for the Detroit Lions, who can stack up yards and touchdowns, both by running the ball and catching passes. He's the complete back. It's just like in Vitya's advanced computing platforms, which combine chips, networking equipment, and software. Both Gibbs and Vitya are known for their speed. But overall, this is a comparison all about quality.

13:18This is a video should be one of the first stocks someone buys when starting to build a portfolio. Gibbs is going to be one of the first few players taking any fantasy draft. Put it this way, I have the eighth pick in my league draft, and there's no way I'm going to be able to get Gibbs. I'm lucky if I get Cam Scatabo. Beyond that, I've got a couple more running back to you, like Luis, become a great compounder. Thanks to his Boomi-Gilpe, that's one great loss business. For NFL comparison, we're going to have to stay in Indianapolis. We're in Luis base and give you Colts running back Jonathan Taylor, entering a seven season with more than 7,500 career rushing yards already under his belt. Taylor isn't going to catch anyone by surprise anymore, like Lily. But you can probably get Taylor with a mid to late first round pick, just like you can now buy Lily, it's just over 30 times earnings. That stands from 45 times earnings to being a deer. Both are present decent value. For my third running back, let's bring in some new blood, please. I'm bringing in Medline, the largest type of P.O. of 2025.

14:20This is a distributor of medical surgical products in the United, essentially, collecting things that grow in business, selling its home medical waste as consumables, came publicly as December. After a hot start, it's cooled off significantly. Pulling back from a high of 50 in February to the mid-30s now, only slightly above where it came public. But for those who have patients, I think Medline could be a long-term compounder, it's a real sleeper. Hey, NFL analog, how about the Arizona Cardinals where we'll keep running back Jeremiah Love? The third overall pick in April's NFL draft. But beyond both being new, I think the analogy holds because both Medline and Love have temporary question marks. Medline's well off its highs and part thanks to a warehouse fire in June. Love is a great track record in Notre Dame, but now he's got an ankle injury. I think these are temporary issues for both. Sometimes as best as to go off the beaten path, Adam Schefter would love Medline. How about some live receipts? In terms of your stock portfolio, why receivers are the equivalent of pure gross stocks? They could explode for huge point outputs in any given week.

15:21If they have a bunch of catches and score a few long touchdowns, but they're a lot more hit or miss than running back. Huh-huh, what does it sound like? Palantir! That's right, Palantir Technology is a software company with a stock that was white hot in late 2004 and most of 2025 before getting ice cold for the first half of this year. And only recently turned hot again. Rallying with a 60% from its shooting lows, not bad. When it's working though, there are a few stocks better than Palantir. They reached an important magnificent quarter, but the stock also sells from within 100 times this year's early assessments, not cheap. Best NFL adolog for Palantir? Well there, I like Jim R. Chase from the Cincinnati Baygles. One of the best receivers in the league, even as he's coming off a down a year last season. Chase also has some injury concerns. They can get more risky like Palantir's high price during his multiple. Next for a less whiskey-wide receiver, how about Amazon? The Amazon Web Services Business is on fire. The stock's gotten pretty cheaper. It's trading at 20 times this year's early assessments. Not many times they're a member of having it that low.

16:21We're gonna stay in Seattle for the Amazon adologs. CEO of the receiver, Jackson Smith-Najigma, who had a breakout season last year and earned NFL offensive player over the year. He might not have the absolute upside, but I think he's more dependable than other top played options. Call Amazon a sleep at night, bro stock. JSN offers the same thing for your fantasy team. I love that kid. Finally, I like Dell Technologies for a wide receiver spot, riding a wave of insatiable demand for his AI services. Hence why the stock's more than quadrupled for the year. The NFL equivalent, look, I'd say CD-LAM, the Cowboys' wide receiver. Feels under-appreciated this year, just like Dell was in the year in 2026. Lamb's got a great track record, but last year the Cowboys picked up George Pickens, and he did it better. So people are sleeping on Lamb coming into the season. I think he's ready to reassure himself, just like Dell's been reassuring himself and tech, he can't double team Dell. Here's the bottom line. For this year's fantasy stock football draft, I've given you a quarterback, three running backs, three wide receivers, stick around after the break

17:23for the rest of the draft. Man, money is back after the break. Coming up, you can't have a full team without great role players. So Kramer's rounding out his fantasy stock roster next. It's all about the money. I want to be the person in my family that creates an original well. How they earn it, spend it, and make dreams come true. I'm not gonna sugarcoat it, it's hard, but it's so worth it. Millennial money, on new Saturdays, three Eastern CNBC. For the break, we kicked off our annual fantasy stock football special, weren't you? A portfolio of stocks. And the way I beat you after my fantasy team for the Sloan particularly later tonight, they're two great tastes, tastes great together. Just as you need different kinds of players to balance out your team, you need different kinds of stocks to diversify your portfolio. That's why I love doing this exercise.

18:25So far, I can be a quarterback, three wide receivers, and three running backs. Those are the core of your team. Now let's fill out the roster with the rest of the positions. First need to tighten. This is a hybrid offense position. On some place, the tight end acts like an offensive line. Charge only with blocking. One other place, the tight end is in the single soul from a wide receiver. They're out running routes, catching passes, scoring touchdowns. For the tight end equivalent of our fantasy stock football portfolio, I'm gonna pick a new one here. Hinge health, a relevant thing, new medical technology company. They came public last year. After quite first year of trading, it's had a major breakout. A more than tripling from its February lows. Yet it still remains an underrate or sleeper. Hinge health is effectively telemedicine for musculoskeletal issues. Employers and managed care companies pay for their services for their employees and members. Because it's much cheaper than traditional physical therapy and much more convenient for patients. It's part healthcare, part technology. Hinge health is gonna track the put up nearly 50% revenue growth this year,

19:26but it's not a growth of any cost operation. The company's profitable, it still sells for 40 times earnings, even after the stocks tripled since February. Okay, so who's the NFL analog for Hinge health? Yeah, I'm thinking Indianapolis Colts tight end Tyler Warren for this one. First of all, they're both second year players. Hinge is a class of 2025 IPO, named the Measley Expo to Higher. Warren's a Penn State product. It was a rookie last year. Put us in solid numbers over 800 yards, four touchdowns, but I'm hoping he can break out in the second NFL season, just like Hinge did. Next, the final offensive spot on the roster is typically the flex position. This is a concept that's unique to fantasy football. The flex spot can be filled with a running back, a wide receiver or a tight end. Basically just one point from that player. As many as you can't, anyway you can. For me, I wanna play SpaceX for the flex spot. This new IPO is the stock that we won't grow from, no matter how we edit. The flex term even feels appropriate for SpaceX, doesn't it? I mean, this is a company that's hard to put in one box.

20:27They're oldest and most advanced divisions, rockets. The launch for higher business. Their most lucrative division at least for now is the Starlink satellite internet business. But if you're a long term bull, then you're probably most interested in excited about the company's AI business. At the end of the day though, the shareholders just wanna see the stock put some points on the board. Anyway, again, although I acknowledge this one's might take a little longer to pay off, especially given that a bunch of restricted SpaceX stock is unlocking as early as tomorrow. So who's the SpaceX equivalent of the NFL, WOM being real charitable here? I think it's Atlanta Falcons running back B. John Robinson making the most sense. Like SpaceX, Robinson's multifaceted, additionally 1500 yards rushing, seven rushing touchdowns last year. He had over eight of the yards receiving and four touchdowns catches hard to bring down. He's even dabble a bit in acting with a minor, well, a couple minor roles. One, Netflix's outer banks and some Disney Channel show. Robinson's truly a jackable trades. Of course, both SpaceX and Robinson are expensive. In their own way.

21:27SpaceX is expensive because the company's currently losing money and the stock's trading is basically 50 times this year's early zest of it. I'm sorry, sales estimates. Robinson's expensive because he'll probably cost you a top five pick in your fantasy trip. But both are about as exciting as it gets in their respective fields. Beyond the offense, there's a spot on your roster for something called a defense slash special teams pick in fantasy football. And for the most part, what you want from your fantasy football defense, it's very straightforward. You want them to give up as few points as possible. But defense in fantasy is a bit different because you can also get upside from sacks, turnovers and especially defense and special teams touch dance. So for our stock market equivalent, I think that Merck's a good fit. As a drug company, Merck's inherently defensive in nature does fine even a bad economy. Good if the fed chooses the jack up rates, right? At the same time, it can also give you real upside. As we saw when Merck's partner, Mo Dernna, put up some promising melanoma vaccine results. There's a reason Merck's now up 41% year to day.

22:30In terms of the NFL, that reminds me of the LA Rams defense. The only concern is age. Rams have to do well this year because it's a ticking clock for them, given that the team has so many older players. Merck too is racing against the clock to build a pipeline of new drugs that could offset some big upcoming patent expressions from their fantastic key truda oncology platform. Finally, we have to round out what our fantasy roster with a kicker. In fantasy football, kicker can get negative points if they miss extra points or field goals. So you really gotta have some with accuracy. But you can also get a nice bundle of points for a long field goal. So a kicker with range is a nice bonus. As I see it, a kicker's kind of like, it's like a good energy stock. It's like Chevron. It usually doesn't trade with the rest of the market because the higher oil is bad for everybody else in business. Plus, it's got an excellent 3.4% yield. I think that's like a steady flow of extra point kicks. But as we've seen, there are times like this year where oil prices are rising and Chevron can give you great returns. So far this year, the stock is up really 40%.

23:31That's like a season when your kicker hits a couple of 60 plus yard field goals and earns you a surprise winner too. A couple years ago, Chevron officially moved this corporate headquarters from California to Houston, Texas. So we think a good and full analog is used in Texans kicker, can be fair, but he's the second bet on Kimey Fairburn. It's the hardest name to spell the whole thing. His second best kicker in fantasy football this year, Fairburn was perfect with this extra point kicks last season and went 44 for 48 on field goals with the four misses all coming from over 50 yards. Pretty reasonable. You won't catch me reasoning for a kicker in tonight's 3F on far too disciplined for that. But if I did, Fairburn is one of the few kickers who might be worth it the bottom line. That's a wrap for annual fantasy stock football draft. Now it's time for me to buckle down because the not your average slump of Dickey starts in about an hour and a half and our draft. Well, let's just say I gotta get to work building my own championship team and I've won a couple of times. Let's go to Dan in Pennsylvania, Dan.

24:34Jim, how are you? Thank you for taking my call. Long time, listen to first time caller. Oh, great, Dan, thank you. What's going on? My question is Lou Neman. Is there any change for that company to call back? I know they have a low PID. They have a new CEO coming in. But seems to me as though they have lost their way and is it a whole buy or sell? I think that this year, whatever's going on at that company is just abysmal. Whether it be the board, whether it be the execution, whether it be the way the message. I don't like it. I don't like it even right here because it's still, it's still got a lot of points that it can fall. I think that it's, you know, look, it's a 10 times earnings, but I don't think it's going to make those earnings. So at 103, no, I'm going to stay, say maybe, I don't know, 85. It's a, it's, I don't want to say it's a bad company, but it is executing. Right, just like you always need a well-rounded

25:34fantasy football team, you need a well-rounded football player. Hopefully you'll get your stocks in this clinical way. You can evaluate your position. That's what I want. In the first case, of course. Watch where my money is. I'm quitting my exclusive with Marvell. And this working is in need of one big thing and without it, everything's at risk. And while we pull back from some of our positions for the Cabot Trust, and all your calls, of course, Rapid Fire tonight's edition of The Lighting Round. So stay with me. Great. What that just happened to the stock of Marvell wouldn't have poured a week and a half ago. This semiconductor company with a major data center exposure reported a healthy beat raise. Yet the stock plans were the 10% that it's days. I'm silly. Why did it get hit so hard? Some of that's because the expectations were extremely high since the stock's been on fire. Some of it's because we got more color on Marvell's collaboration with Google. They're making chips to rival and videos.

26:35But it turns out, we've been years before they really start boosting the numbers. Still, the company's making fortunes versus what we thought it could not that long ago. Well, today we spoke with Matt Murphy. He's the chairman's show of Marvell and get a better sense of what's happening here. Take a look. All right, so Matt, welcome to New York. This has been a remarkable time for the company. I've never seen these many great things happen at your company right now. Yeah, thanks, Jim. I mean, it's been a lot of change this year in the positive sense. I mean, when I was on your show in December, I think in some ways I was on the defense, and you asked me some very pointed questions about competition and things like that. Turns out, all that was overblown completely. And since then. And these were the best comments that said that you were going to lose certain contracts that were just untrue, frankly. Right, exactly. So we moved past that. And actually, I was looking back at that time, we were guiding this year to be 10 billion in revenue. And next year, 2027, at 13 and a half, we're now at 12 for this year, in 18 for next year.

27:38So we've gone from 23 and 1,5 billion last December over the two-year period to 30. And we're just in September right now. So that's up almost 30% in that time frame. So clearly, things have gone well. We announced a huge partnership with Invidia, which, Jason, I came on your show to talk about. Including a stake. And including an equity investment. And then also recently a partnership with a warnagring with Google. So a lot of good stuff's been happening. The numbers have been great. Companies firing in all cylinders. So we're going to go into this. But first, everyone's excited about October 6th. Which is your meeting. I'm excited about an October 6th meeting you gave five years ago. Where you told me what could happen. And you told me that almost no one believed you. It turned out to be much bigger than even you thought, didn't it? Right. It did. I mean, I'll give you two data points. Five years ago, we had our last full blown investor day. And we talked about a growth rate for like a three-year period

28:40of 15 to 20% per year with operating margins in the 38 to 40% range, that type of thing. It's five years later. If you look at the 12 billion, we would have grown over 20% a year compounded for the last five years. We said we'd hit the operating margin target range in Q4. So we did what we said. Two years ago, we did a very specific AI investor event in New York. And at that time, things had gotten better. We had talked about doing 15 billion in data center revenue in 2028 off a $2 billion base from 2023. OK. We're at right now, if you look at the 18 billion total Marvel for next year, over 15 billion of that's going to be from data center. So basically, we've come in a full year and taken the company from 2 billion in change in data center revenue in 2023 to 15, 16 billion next year. Now you've gone very well. It's been fantastic.

29:41It was a big ramp. It was a big ramp. We have a lot of data. It's been the biggest I've seen. But let's talk about the one that may be. And I've discussed with you offline, when someone says you're the next trillion dollar company and you're a company in the dollar rate to $219, what do you do? And I'm talking about Jensenmann, anointing you. Because it had to be a surprise. And holy cow. I mean, you could argue it's a target on your back. Or you could say, I'm going to live up to that man. Where are we? Right. Yeah. So at Computex in June, I gave a keynote presentation my first one. And Jensen was one of the guest speakers I had. And we were talking at that time about how in the AI cycle, we've had the Compute Wave, which was all the GPU XPU companies. That was a huge ramp two, three years ago. It's still going. Then we had the memory cycle. And then what I was talking about was the connectivity wave, which is now all the connectivity required to connect all the memory and the Compute together. And then Jensen came on stage. And I think backed up that vision and certainly

30:45had a high hopes for the company. Look, I would say this, we're driving the company to levels that I probably couldn't have imagined 10 years when I became CEO. But the future is very exciting. And investor asked me the same thing recently, hey, how do you get from here to there, which is, say, four times the valuation increase, roughly four or five times. And I said, look, when I became CEO in 2016, our valuation, our market cap is up almost 40x since that time. So look, we got another four to go. And it's not easy. And I think there's an aspirational number out there, for sure. We're just focused on driving the business, creating the value for the shareholders along the way. And I'm very excited about this October 6th to give our new five-year marker, four to five-year marker, of where we can go. Now, I'm going to take it. And I'm going to believe you. And then somebody will be listening to the premiums. Now, when Google comes in, it's alphabet.

31:46And they want basically 59 million, you could argue, Marvell shares, roughly 7% of the company. Don't you say to yourself, guys, look, you don't need to do this. We're thrilled just doing the business. Obviously, they want a partnership very, very badly. You could have just taken a contract. Right. Yeah. So if you back up, so we have a longstanding history with them. I think if you look at the economics and what was put on the table, and you look at the total value of the warrant, which is 120 billion total cumulative revenue to go get the 6.5%. We felt that that trade was well worth it. I mean, what it really says at a high level is we have customers that want to partner with Marvell. And they want to be part of our success. And I think some of it, Franklin, who's had known you for a very long time, they do want to be part of your success. You've been straightforward. You've come out and know where.

32:47You've done an amazing job. They want to partner with Matt Murphy. Well, I think so. I think they want to partner. I'll tell you this. In this market, these large, hyper-scale customers and the ecosystem around it, it's really based on trust. Yes. In the end, can you trust the engineering team and the company's going to deliver the chip? Can you trust the management team that they're going to shoot you straight? Can you trust that the capacity and the supply is going to be there? And can you trust the CEO at the end of the day that's going to do right by you? And I think we spent 10 years building the business here. This is no fly-by-night, new thing that we just got into. We called out this data infrastructure. Opportunity in 2016 is the next big wave. And so I've been building this company from a very different point of view from 10 years ago into one that's focused on that market. And I think trust has been a huge part of it in our brand and our credibility. No, is trust a tougher with Amazon, which you have an amazing relationship?

33:48When they turn around, they do a deal with Qualcomm that arguably could have gone to you or because your stock is up, maybe I'm making the wrong judgment. Maybe that's a separate kind of business. Yeah, well, I'd say this. I think it's a competitive market and kind of per my earlier comment, AIs now become the market to be in? Yes. But this is the market we identified 10 years ago. So we've been quietly and slowly and now more publicly because we've gotten bigger, building that business up. We have meaningful relationships with all the big four hyperscalers. We actually do custom silicon gym for all four. On optical connectivity, we are the market category leader. We effectively invented the category with INFI, which is a great company that we merged with and acquired. You didn't wait that for 2021. That team has done phenomenal. And that connectivity supplies across the entire ecosystem. So we're very confident in our position in how we've evolved in this market

34:49across all the US hyperscalers and the entire ecosystem. We should also talk about, I mean, I was shocked you were giving terrific intro to whip Bhutan in 2022 for the noise award. So it's not just optic and it's not just AI. You have tremendous relationships even say with Intel. Absolutely. We are basically the Switzerland to this entire market right now. We work with everybody. And I think the fact that we are agnostic to the XPU or the GPU. And because we're the leader in optical connectivity, which is effectively a merchant product, it sells across all of the different customers and the different types of connectivity. So we have the broadest product line with the highest performance and that's very valuable to these customers. Look, I want to congratulate you on your success, including coming on here when the stock was pretty low or having bought a lot of stock and just faced the music and said, basically, yes,

35:50you're the signal, the rest was noise. Those have believed you quite a triple. Those who didn't, I have nothing to say to them. Hey, a bunch of us, you know, myself, my CFO and my two group presidents, we all bought stock in the mid 70s. Well, people should look for that. We find to find a stock. Look for a conviction, not Murphy, Maribel Chairman and CEO, congratulations. And we'll look forward to October 6th. That's great. Thank you. Yeah, my second friend. 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 route. Next. Quick reminder, this limited time, Labor Day opportunity to join CMEC Investing Club in soon. And of course, what do you get? You had a signed copy of my latest book, How to Make Money in Any Market.

36:50So here's what you got to do. You got to open your phone, you got to scan the QR code or write this one down, visit cmbc.com slash Cramer Club, cmbc.com slash Cramer Club. And do it today, please, limited time only. And now it is time to come to the lightning route. Christmas for Ruffles. The English talk to the Bob and Bites, also Dominion will call it that on my set for the Golden eggs out. And then the lightning round is over. Are you ready, Steve? Yeah, tell the lightning, kids, much more with Darren and California Darren. Hey, how you doing, Jim? Boo, you're in too well. Boo, yeah, what's going on? Hey, I wanted to know about the Jolby aviation. I am. Okay, I've been again, Jolby, because it's losing a lot of money and I'm going to stick with that position. It's an interesting spec, but I would not put my money in it. Let's go to Sam and Masters of Sam. Jim, let's come with all the shortage in the additions of the looking at the steel industry, specifically RF, the target outperform the F&P. And I think it's pretty good to do well as many things. You're right.

37:51RF is a strivac. I prefer New Corps, but you're absolutely right to bring me RF. It's a very, very good company. Now we're going to go to Tony and Florida, Tony. Hey, Jim, I want to thank you. I'm a Club member since the day before. Everything's been great. Thank you, buddy. Thank you very much. I want to ask you about a company that owns a bunch of vaults, because we go there every weekend, we go to TJ Maxx, we go to Tonegood. It's the Simon Fropney's group. Should I buy one? Oh my God, Simon Fropney's four and a quarter percent yield. It is so great to give you two. I also like Federal Realty, both of them are excellent. Let's go to Federal Realty as shopping centers. Let's go to Bob in Ohio, Bob. Hey, good evening, Jim, and thank you for taking my call. Of course, thank you. My question's about a company that operates in Southeast Asia and is a hybrid of both the Uber and DoorDash business models. They also have a growing Fintech banking segment that it in the business. Grab holdings have 3.4 billion in revenue last year,

38:52and a net profit of 200 million. Okay, well, I'm going to interrupt you. I have never liked grab holdings. I have said that I did not think it was a situation that is worth our investing time. It is now down to three. I think it's a $3 spec. Remember stocks do stop at zero. Let's go to Bill and taxes bill. Oh yeah, Jim. Boy out, Bill. You're the man. Oh, thank you so much. Thank you. Thank you so much for all your wisdom and expertise. Thank you. Thank you, Bill. Thank you. Well, was wondering if after a pretty significant call back, would now be a good time to take a look at the end of the street. TRN. Yes. Yes. Real car. Shouldn't be down this much. I like your thinking. You waited for the big hit. Now to the good place, I would pull the trigger. Let's go to Spencer. Now I'll ban a Spencer. I love the things that have been happening in the medical community, especially with the advancements with breast cancer and COPD, with AstraZeneca, what the long term play.

39:54Right now, AstraZeneca reminds me of Cummings. Not unlike the Vartus. I'm a little nervous about it. It's been missing some of its trials. I don't think the COPD is enough to change my mind, by the way. I do think the COPD just wants to be really good at COPD. I am not going to put my money on AstraZeneca. And that lead to the conclusion of the Lightning round. The Lightning round is sponsored by Charles Schwab. Coming up, there's one thing Kramer thinks this market desperately needs ASAP. He's explaining what it is. Next. Hopefully, Jim Kramer. I'm a first time caller. A happy 12-member. I want to thank the people of the champion of the contest. Thank you for helping me become a millionaire.

40:56This market needs some consolidation. And we need to fast. I want more deals like we got today when GE Aerospace put consolidated precision products for $11.75 billion in part to boost its defense businesses. GE put this one from a pair of private equity firms. Of course, it'll be better if we got some acquisitions of publicly traded companies. Because there's just too much stock for sale out there. Right now, the most selling part of the tape is the ongoing rollout of SpaceX. They've been unlocking their shares gradually. And Neutron's comes off restriction tomorrow. 319 million shares. They're 7% of the shares that are subject to the early lockup period. Currently, only 1.87 billion shares are 14% of the company is now free to trade. There seems to be an endless amount of supply that stages the markets. So far, there's been far less supply than feared, though. That's because while this talks up nicely from the IPO, it's not up enough to trigger on additional lockup expressions that could have happened. Plus, people seem to have a lot of faith in Elon Musk, don't they? So they're sitting on their shares. Even if they don't have to. But over the next year, we're looking at massive amounts

41:56of stock coming off the sidelines here. Meanwhile, the underwriters are teaming up an IPO for Aura. That's that smart ring maker. It's a deal that could value the company at $16 billion. I've seen that SB Energy deal back by soft bank from power and data centers is in the hopper $5 billion off, for impossible. As well as a small deal for Aura. Yeah, look, that consumer products, Jim, might come public this fall. Be it KKR deal. But lurking is anthropic. And perhaps more important anthropics. Numbers. If it's solid probable, the kind of revenue growth we've heard about, it could be a gigantic IPO. And investors will sell all sorts of other stocks in order to raise money to participate. Right on top of that, there's Open AI, which just put out a new model called Astra that seems to rival and to rival and anthropic-spot powerful offerings. By this time in the year, you'd usually expect some takeovers that would free up some cash though, to allow managers to partake in these coming deals. Probably all vying to be the largest ever. We were supposed to be in the golden era and version that was this is, are we, buying regulators, so far as little show for, questions why. First, just because the federal regulators are on board,

42:56that doesn't mean the states are. 12 states of attorney general are suing to block that paramount Warner Brothers deal. It's not clear what would appease them, but they're holding up an $81 billion transaction not including debt. Second, Wall Street isn't exactly invapping these deals up. When we learned that Solstice advanced materials was buying element solutions for $14.5 billion in cash and stock recently, the deal fell apart. Shareholders hated it. Solstice saw it stock crushed. Seven weeks later, they canceled the merger, stocks came running, but the sad stock came running back. Finally, the feds have shown no sign that they're eager to block bank deals, where they could be hundreds of mergers to consolidate a very unconsolid industry. They quickly bust the biggest deal, Santa and Dearest $12.3 billion purchase of Webster. That's a terrific bank, can't call it a stamp, or 95 Bares of Connecticut, 76 New York, and 18 of Massachusetts. There's still could increase competition in these areas, but more important, it was seen as the beginning of a new wave of bank mergers. So far that hasn't happened. Of course, look, this year hasn't been a bust for M&A. It's well ahead of last year, more than $1.1 trillion of transactions.

43:57But many of the biggest deals have yet to close, including next year, and Dominion, and Fox were okay. More important, I'm not hearing anything new in the works right now. None of this would matter if industries were as low as they used to me, but when you get a 5.2% return for 30 year piece of paper, it's almost risk-free, that represents serious competition in the stock market. And with the next data center equity deal, always just a few feet away, I don't know about you. I'm growing weary of all this new stock. It's something you need to wash, because as I always say, nothing stops a bull, like too much new stock supply, and not enough spare cash to handle it. Like I said, it's always a bull market, so I'm gonna probably start to find it. Just for you to hear it man, money, I'm Jim Kramer, see you tomorrow. All opinions expressed by Jim Kramer 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,

44:57but 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. Divute the full mad money disclaimer, please visit cnbc.com forward slash mad money disclaimer. It's all about the money. I wanna be the person in my family that creates an irrational well. How they earn it, spend it, and make dreams come true. I'm not gonna sugarcoat it, it's hard, but it's so worth it. Millennial money on new Saturdays, three Eastern CNBC.