Mad Money w/ Jim Cramer 9/18/24
Digest
This episode of "Man Money" with Jim Cramer delves into the two economies in the US: one struggling with slow business and high interest rates, and another thriving in Silicon Valley, where interest rates are less of a concern. Cramer explains that the Fed's double rate cut, while anticipated by the market, won't significantly impact tech companies as they are focused on innovation and not reliant on lower interest rates. He emphasizes the importance of identifying tech companies that can thrive regardless of the economy, highlighting the role of artificial intelligence in boosting earnings and improving efficiency. Cramer discusses companies like Workday and Salesforce, which are leveraging AI to transform their businesses. He also highlights several tech stocks he's watching, including AMD, Workday, and T-Mobile, discussing their recent developments and future plans. Cramer interviews Lisa Sue, CEO of AMD, about the company's roadmap and the future of AI, emphasizing the importance of AI in various industries and AMD's role in providing the computing power needed for AI advancements. He also interviews Carl Eschenbach, CEO of Workday, about the company's Workday Rising event and its focus on AI, discussing the launch of Workday Illuminate, a revolutionary AI platform designed to transform businesses by using AI agents to augment human productivity. Cramer then interviews Mike Sieber, CEO of T-Mobile, about the company's capital market day and its plans for the future, highlighting T-Mobile's commitment to shareholder remuneration, its focus on expanding its 5G network, and its partnership with OpenAI. In the lightning round, Cramer answers listener questions on stocks like Iron Mountain, Wells Fargo, Volunteer, and PG&E. He concludes by discussing Salesforce's artificial intelligence plan, Agent Force, which aims to create AI agents that can handle customer interactions more effectively than humans, highlighting the potential of this technology and its implications for various industries.
Outlines
The Two Economies and the Fed's Rate Cuts
This segment introduces the show "Man Money" with Jim Cramer, who discusses the two economies in the US: one struggling with slow business and high interest rates, and another thriving in Silicon Valley, where interest rates are less of a concern. Cramer explains that the Fed's double rate cut was already anticipated by the market, leading to a rally in tech stocks last week. He argues that the rate cut won't have a significant impact on tech companies, as they are focused on innovation and not reliant on lower interest rates.
Tech Stars and the Power of AI
Cramer discusses the importance of identifying tech companies that can thrive regardless of the economy. He highlights the role of artificial intelligence in boosting earnings and improving efficiency, mentioning companies like Workday and Salesforce.
Key Tech Stocks to Watch: AMD, Workday, and T-Mobile
Cramer highlights several tech stocks he's watching, including AMD, Workday, and T-Mobile. He mentions AMD's latest acquisition and Workday's AI platform, Illuminate. He also discusses T-Mobile's partnership with OpenAI.
AMD's Roadmap and the Future of AI
Cramer interviews Lisa Sue, CEO of AMD, about the company's roadmap and the future of AI. Sue emphasizes the importance of AI in various industries and highlights AMD's role in providing the computing power needed for AI advancements.
Workday Rising and the Power of AI
Cramer interviews Carl Eschenbach, CEO of Workday, about the company's Workday Rising event and its focus on AI. Eschenbach discusses the launch of Workday Illuminate, a revolutionary AI platform designed to transform businesses by using AI agents to augment human productivity.
T-Mobile's Growth Strategy and Partnership with OpenAI
Cramer interviews Mike Sieber, CEO of T-Mobile, about the company's capital market day and its plans for the future. Sieber highlights T-Mobile's commitment to shareholder remuneration, its focus on expanding its 5G network, and its partnership with OpenAI.
Keywords
Artificial Intelligence (AI)
AI refers to the simulation of human intelligence processes by computer systems. It encompasses various techniques, including machine learning, deep learning, and natural language processing, to enable machines to perform tasks that typically require human intelligence, such as learning, problem-solving, and decision-making.
Generative AI
Generative AI is a type of AI that focuses on creating new content, such as text, images, audio, and video. It uses machine learning models trained on vast datasets to generate outputs that resemble human-created content. Examples include chatbots, image generators, and music composers.
AI Agents
AI agents are software programs that can act autonomously in a given environment. They are designed to perceive their surroundings, make decisions, and take actions to achieve specific goals. AI agents are used in various applications, including customer service, automation, and robotics.
Enterprise Software
Enterprise software refers to software applications designed for use by large organizations to manage their operations and processes. It includes various categories, such as customer relationship management (CRM), enterprise resource planning (ERP), and human capital management (HCM).
5G Network
5G is the fifth generation of cellular mobile communication technology. It offers significantly faster speeds, lower latency, and greater capacity compared to previous generations. 5G enables new applications and services, such as virtual reality, augmented reality, and the Internet of Things (IoT).
Fixed Wireless
Fixed wireless is a type of internet service that uses wireless technology to provide broadband connectivity to homes and businesses. It offers an alternative to traditional cable and DSL services, providing high-speed internet access without the need for physical cables.
Data Centers
Data centers are facilities that house computer systems and related equipment, such as servers, storage devices, and networking infrastructure. They provide the physical space and resources needed to support data processing, storage, and distribution.
Chip Powerhouse
A chip powerhouse refers to a company that is a leading manufacturer or supplier of semiconductor chips. These companies play a crucial role in the technology industry, providing the essential components for various electronic devices and systems.
Q&A
How does the Fed's double rate cut impact tech stocks, and why are tech companies less concerned about interest rates?
The Fed's double rate cut was already anticipated by the market, so it won't have a significant impact on tech stocks. Tech companies are focused on innovation and not reliant on lower interest rates, as they sell to businesses rather than consumers.
What is the role of artificial intelligence in boosting earnings and improving efficiency for tech companies?
AI can help tech companies automate tasks, improve decision-making, and enhance customer experiences, leading to increased efficiency and higher earnings. Companies like Workday and Salesforce are using AI to transform their businesses.
What are some of the key tech stocks to watch, and what are their recent developments?
AMD is a chip powerhouse that recently made an acquisition, Workday is launching its AI platform Illuminate, and T-Mobile has partnered with OpenAI. These companies are all making significant advancements in the AI space.
What is AMD's roadmap for the future, and how does it relate to the growth of AI?
AMD's roadmap includes a focus on high-performance computing, with AI being a key driver of growth. The company is developing advanced chips and technologies to support the increasing demand for AI computing power.
How is Workday using AI to transform businesses, and what is the significance of its partnership with Salesforce?
Workday is using AI agents to augment human productivity and transform business models. Its partnership with Salesforce allows for seamless integration between their platforms, providing a comprehensive solution for businesses.
What are T-Mobile's plans for the future, and how is it leveraging AI and 5G technology?
T-Mobile is committed to shareholder remuneration, expanding its 5G network, and transforming the customer experience with AI. The company is also partnering with OpenAI to bring AI-powered features to its network.
What is Salesforce's Agent Force, and why is it considered a game-changer for customer service?
Agent Force is Salesforce's AI platform that creates AI agents capable of handling customer interactions more effectively than humans. It promises to improve customer service by providing personalized and efficient support.
How does Nvidia's role in AI differ from Salesforce's, and why are both companies important for the future of AI?
Nvidia focuses on developing powerful chips that enable AI advancements, while Salesforce uses AI to create innovative software solutions. Both companies are essential for the growth of AI, as they provide the hardware and software infrastructure needed for AI applications.
Show Notes
Listen to Jim Cramer’s personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.
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