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

Episode Date: December 17, 2025

Jim Cramer is the host of CNBC's Mad Money and author of How To Make Money In Any Market. Cramer joins Big Technology Podcast to talk through hot takes the top tech names: Apple, Amazon, Meta, OpenAI, NVIDIA, Microsoft, Tesla, Coreweave, and more. We discuss whether NVIDIA can hit $10 trillion, whether Tesla needs self driving to work, whether OpenAI can make it, and much more. We talk why Cramer encourages looking at individual stocks vs. index funds and what money is for. Check out Jim's book here: https://www.amazon.com/How-Make-Money-Any-Market-ebook/dp/B0F4RGS9TF/ --- Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice. Want a discount for Big Technology on Substack + Discord? Here’s 25% off for the first year: https://www.bigtechnology.com/subscribe?coupon=0843016b Questions? Feedback? Write to: [e-mail] Learn more about your ad choices. Visit megaphone.fm/adchoices

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Download the app today. Please play responsibly 19 plus and physically located in Ontario. If you have questions or concerned about your gambling or the gambling of someone close to you, please contact Connects Ontario at 1866-531-2-6-600 to speak to an advisor free of charge. all-star Jim Kramer joins us to share big tech hot takes 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 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 and who's the best and the brightest because it's very much like halberstim 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. That's right. All right, James. So I want to run through a number of different stocks and give you a hot take and then have you a respond to them. I think that's good. All right. Let's start with Apple. 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. But sometimes the last line in Confessions of a 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 look, these high profile, no salary cap, stealing of people might have mattered. But in the end, a lot, if you do not have business to business and Santhropic and you're trying to figure out your perplexity, whatever, at 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 and it was out, they were out of the scrum, They had been my best source of capital for the street.

And then they turned around and said, now you're going to pay us because you need our audience. And I was furious. And I kicked them out of my office. And then I paid him $2 million, $2 million was real money. 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-effacing guy,

and I really like them. But I think that in the end, if you're a loser, you've got to write a big check to them. Otherwise, Gemini is going to lock them up. And Gemini is so great. It takes a little time. It's a little, puts a little more thought into it, and isn't cheeky. A chat chippy T, you don't know me.

You don't know me from Adam. It's sick and tired of you trying, pretending you know me like you're like my long-lost brother? Get out of my face! So you're not going to do the erotic chat chit-t mode. No, I have a good wife. I don't need that crap. With Apple, the risk is that there is a device that comes out and either just places the phone. or cuts off, it's gross.

Well, you know, Zuckerberg is so funny. He thinks that the glasses, and I really like Mark. I think Mark's terrific. And I like the glasses. And when I was fishing, when you fish and you're catching a tarp 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 opposed to, you know, I was with René Haas this weekend and went to football game.

He had the, he had the phone. It was like, you know, 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. Okay. But this is, there are questions. So here's a question about meta. We got it from Mark? After, no, this is just, this is my question. Okay. But it is about Mark.

So after. I like Mark. Be careful. I'm not going to disparage him. Okay. But I'm going to ask you about him. Jersey. Where Mark's, no.

He's from where you're from. New York? Okay. So this is about Mark. Okay. So after the Metaverse and Lama, they're sort of underwhelming generative AI initiative. I got the Ray bands when they were, you know, walking into a dark, working into a hat. I walked into a room, a museum, and I was wearing them.

I thought that the garb was going to take him away. So I think you just felt that I'd by the side or something. I jumped out of a plane with them. I've done skydiving. You jumped out of a plane? 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 what I think was meta. Well, and this is the question. All right.

Does Mark Zuckerberg have another breakout hit, and maybe it's the glasses? I hate to go against him, and I love the glasses. I think the glasses are a really, really good rival to the iPhone. 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 I have to hold my phone

I was bringing in these big tarpin And I said it to Mark I said this is really cool It's a really good use And that'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 they could do a foldable The liquid glass 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 potato in 30 years.

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 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 uh what I mean like your ads like I know like Octa like Octa 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 credible. I told them. I told Offman, you've got to raise your rates.

Okay. 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 me not a tech guy. And I know when tech's out of favor, I'm sticking in the video because I have great belief that the CTC and Vera Rubin is going to be amazing. It's going to reason.

I love Hot-Tan. I think that Apple's going to get a check beneficiary from someone at perplexity. I don't know. I like business to 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 York or New York Times. Good. I don't want them. And I do think that in the end, Disney should have taken a nice big check from them.

And that was one of the defining trades of this period, along with AMD peaking out, October 29. 9th, which was the top. Zuckerberg birthplace, White Plains grew up in Dobbs Ferry. I thought he grew up. Right, right. Dobs Ferry. New York. You're right, New York.

Not New Jersey. I'm sorry, Mark Zuckerberg. As a New Yorker, that was a big of stick. He's not like a sports fan. Like, Jassie's a giant fan. Right. 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 love Amazon. And now you're on Amazon. So I'm going to ask you about Amazon.

It's killing me. Here's my hot take on Amazon. I want it. Missing the Bezos spark. Okay. I love Brian CFO. You know, I love Andy. I do think that the guy runs stores is real good.

I think the guy Matt who runs AWS is real good. I do think that they are up against a post-COVID still haven't figured out this structure of costs. I refuse to believe that I don't want to believe what you say. It's a hot take, but. No, no. I'll tell you. And 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 1. No kidding. I'm referencing your book. Your book is really good. And what you're saying basically is that it would be amazing if Jassie 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 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 they don't like the stock at all. You know why? For the same reason that people don't like Apple. Because jobs and Bezos, and I'm not buying that at all. I think that Amazon just needs web services to go to 23% growth. And we need to see the real growth of Azure, which I think is a whole.

overstated, not illegal, the kind of thing that you have this weird confluence of Azure and whatever the hell they're doing it with the Sarah Fryer there. So I think that you've got Amazon's is a real quandary because, geez, how did, how did Alphabet do this? How did they do it? How are they able to a sanction monopoly? Isn't that amazing? Is it Ruth Porad? Hey, how about Ashkenazi? That, uh, it's the CFO from a. Lily. She's a winner twice. She's fantastic. Jim, you're amazing because every one that I bring out, you set me up perfectly for the next one.

Well, that's because I know your show and it's fun. You're good. You're good, obviously. So let me just do one follow-up on Amazon. Did you do the new Alexa? Alexa Plus, I think it's great. Do you give her your schedule? It 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 don't know if I could do that. But then it goes ahead and we start going back and forth. It's actually really fun.

I got to use it more because I use it every day. Right. Every day and I come home. I like, give me the ride of the Valkyries, you know, give me the Balfour brothers. Okay, I want to hear Beethoven's 1th through 9th. 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. This AI tool inside the company called Cedric. And it's like their version of GPD. Who's dumb Rufers or Cedric? I think Cedric, 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? I thought it was one.

And 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, I help you write the document. Well, that's just, the whole point is the pain of thinking it through. 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 used these days? Chat Chippy T. You're still in Chachyp T. I think it's great. I try them all. Knock yourself out. Well, we'll talk more about opening eye.

Look, 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, I like the memory. I have the opposite opinion of you. I'll see on this one. No, but the memory is false.

This is the thing. It's a bogus memory. Come on. Let's go to novels. I don't need it to be my friend. But if I'm planning a trip and I just type a new querion, 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 Galapagos while you're there?

This is, I'm going to be out. I can be that too. Yeah, the Galapagos will be. Okay. I understand that. I just think that like. 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. And bring oxygen. What does it tell you to do? It's like Denver? Well, it's three times keto. The football field when you need the oxygen. Keto is three times as high as Denver.

The cat. Oh, that's good for them. Okay. All right. So that's, that's Amazon. We'll get, we'll get back to Open AI. But let's talk about Google. All right.

Here's my Google. Here's my Google. I love Google. I got out too soon. I love them. I love them. I love them. I love them. Here's the hot take. Until someone builds another search ads business, it doesn't matter what Chatsyip-T does. Also, Waymo is a beast.

See, what am I going to do when? I agree 100% with you. See, what do you? Not only does it no controversy, but I genuinely love Waymo. I love the YouTube TV where you can get the NFL. The search is just beautiful. The way it makes it so it doesn't link back to the way I managed to make the street It was all like you link back to me and I like Burns you and I got my stuff. 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. I mean either. I see like, 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 are. I've seen 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 average. Chandler 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'd move this. Done.

Done. I mean, come on. Talk about no humility. Like goes to some Yahoo. He asked what I think of it. And I'm like, give it to him. He goes, that's great. It's done.

And then I see it. 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. Right. And delivers really, really quickly. And I just think that's why I say, Bravo, I had thought, and I dealt with the government, the Justice Department, I had felt that they had a powerful case. And when that judge reversed and said, hey, listen, we need them to give Apple money because we got to stop them as monopolist. I mean, that was the most fatuous reason.

I wouldn't just 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 wants to hear what you think.

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 eubris. 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 are too many heads or too many heads. It doesn't stop you from the feed. She, like everyone I know, looks at the feed before they go to bed. Me, I'm reading this book right now. It's about blank fine.

It's autobiography. And I'm reading a book about John O'Hara. She's reading the feed. She, up and into the whole. paradigm what you did before the bed which was like read good books incredible here's microsoft so boring this is my what's spice it up hey how was the copilot when you were jumping out of the plan i didn't i used the meta the meta yeah 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 i turned back to my wife

and i'm like is this right the recording life yeah she went second i'm like is this thing on she said yeah Do you have like life insurance? Out the plane? No. That's it. You got to change that. Well, look, I think that Microsoft's problem is that they think that they're winning. Here's my hot take and then you can respond to it.

My hot take is Azure is a freight train that only open AI can derail. Yeah, but they won't. I like that. What do you think it's like the fugitive? There is no training coming at the freight train. I think that Microsoft is the freight train. I have tremendous respect for that. tremendous respect for them. 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 script everything that I don't want to 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. They probably are. But yeah, I like your analysis and opening I can't stop. Opening eyes to find it's vertical. they hate it when you say that to find the vertical because they don't believe in verticals but i believe in verticals because i've been around sometimes the benefit of age better than the benefit of wisdom what vertical do you think they'd be best in open a i against mark but you can't because he's too great againstuckerberg yeah social media yeah he's just too great and he's I mean, look, do they innovate?

Yes. Have they figured out if they monetize WhatsApp? That would be like a, that would be like Musk monetized, Musk monetizes, but it doesn't go to, you know, because it's a separate bucket. I love Musk. Okay. Well, you brought me right to. I don't know much personally. It's like you have the agenda because you brought me right to Tesla.

Well, 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'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 man and I I don't I don't mind that I saw my wife this weekend about the idea of being a got up that my book's a popular book okay it's how to make money and I'm a populist how to and yet when I started I

never wanted to be in the how to car 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 they're magnificent said but we're magnificent that kind of thing and but in my heart I'm a populist but not a political populace because that would make me sometimes populace 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 the hot label on it. Go ahead, Musk. All right, let's do, let's do, I want to do Musk, NVIDIA, Oracle Corweave, and go back to Open AI. Absolutely, did you 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 Hamer, host of Mad Money, and the author of this great book, How to Make Money,

and 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 the stuff. But because I have you, I don't need it. I appreciate that. And it's great having you here.

So 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 Waymo people first introduce it to me. And they were talking about how you would never have invented a car where a human does it because, but it happened to be a car before the horse. They did. They thought humans should do it.

But humans are terrible because they're drunk and they're tired. 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 U.S. alone. See, now, think about that. I bet you that could be cut by two-thirds.

I agree. And I think- You've written in a waymo? Tesla self-driving. I love the Waymo. Unbelievable, right? Well, I also like the Jag. Yeah.

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 1130 night, all you can do is think, what do I do now? I get very, I get petrified when I see a car weave that Waymo ain't ever weaving. And I really like that. I think that it's very important that works. And by the way, when I think, 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 you know one of the things why did the the obsession of clean power i love it but clean power is really really expensive i prefer battery power and if must does what i think which is to 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's great i think the robot looks really really good But it's that Norwegian offering now, that's the cool robot, not the Chinese. I know what 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 on that front? I think if we have an inferiority complex, 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 h bomb and they had second because of the Rosenbergs and they could kill us all and that was the narrative when I was growing up and I remember when the sky was black from all the B-52 planes they were moving to be able to stop the 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 do not share people's belief that they're so much smarter than us. 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 that comes up in the Tesla conversation. Anytime you leave the U.S., you see BYD cars,

build your dreams. How about the one that's like Lincoln that my wife, she was like, it's like, it was like Lincoln, 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 tariffone. But 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 they're just willing to accept that beat down. Look at Mexico. She's not Claudia. I mean, I shouldn't call it. President Shimon. I was a remarkable person.

Right. Great president. All right, let's do Nvidia. I was going to say, I was going to say my hot take for Nvidia is we're going to need an ROI on AI eventually. I think that will be my hot tick, actually. Jensen would tell you that Alphabet is demonstration of the great ROI, but of course they have their own chips too. A reason I believe in Jensen still is because he, when he, when he, he has a new chip it gives 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 mescal business and i told jensen that i wanted to see a bartender that's not human because human steal uh is cash there's too much cash steal i was stolen from every single day for 10 years okay but a machine wouldn't i'm betting on a way more like bartender meaning that we like it much more than the draw than a uber and he said it's going to 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 r i to beat the band and jensen's very practical now he does say right now

there's a four to one, and you had it 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 uniquely concerned with what he's doing versus the Chinese. But I'm a believer.

I'm not going to sell it because I think I think Vera Rubin's big. And the fact, I remember I was talking about, I said, how are you able to look in the future. And he goes, I look 20 years in the future and I look backward from that. It was beautiful. It was beautiful. Love that. When are they going to hit $10 trillion? Well, you know, I think Jen is going to say it's not a problem. We have to maybe visit four again first. They're at 4.3. No, I'm saying like 4. 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. So do you think 10 trillion is a possibility for them? Yes, I do because when, when it was a 300,

billion he told me it could be a couple trillion and everyone laughed favor 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 loved sap for 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 a 118 but if larry or his two doppelgangers had just simply said we can own this market we can take it from core weave

um we have a better balance sheet than core weave 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 Open A.I were to come public. But when you come up with that RPO number, 300, that was the bridge too far. That's the 300 billion build out with Open AI. That was the bridge too far. And that was bad, Operation Market Garden, bad, didn't work. Snow in September.

That's the parachute reference. All right. Here's Open A.I. Open AI, too much of the market depends on them, but they might still pull it off. They have the ability to pull it off because they're dark. And a darling does make it through. They're what Dylan, I'm sorry, Disney told me Dylan you or something. Disney told me that it was going to happen, that you could find people, you have,

could people have you, you Johnson's CFO there, that good people 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 Fryer's very good. Sam Altman is, he's in touch with the elites. There are enough elites in this country to shower him with money. because the elites are back because we're kind of like a, you know, we're a kleptocracy, right? We're a bit of a kleptocracy in the country. And 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 that tailspin. They have to. I mean, because the stock's in free fall again. And you can go up by this credit defaults watch to take him up big, doesn't take a lot of

money, you can make it look like the debt's going to go under. You know, that's going to be junior to you. But Oracle is the weakness, not Open AI. Oracle is because Open AI, like I said, when you have that kind of cashé 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 chat sheet, BT.

I love my Gemini. Right. I mean, I'm not, do you know that at one point or another? I liked my perplexity. I liked my anthropic. I like my clawed. I mean, I like my clod. 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? You can't. No, it's impossible. No, think about that.

This stuff is... Tyranny. The stuff is commoditized. Totally. 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 know I'm right. 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 erotic on some but you're choosing not to be ironical on others you're ironic when it comes to zookerberg because we put them in that we put them in the glasses category because he did say that it's the best form of a i 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 chachy ptie to translate

have you really put it in you can type it in it will spit out chachy 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 really yeah and she knows from where what city uh the bavaria so she oh that close to italy how about how hard the dialect is people from western germany can not even understand people from Bavaria. Is it incredible? Because 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 use these points. I knew it. I knew it. I knew it that you would know that. Is that not cool? It's pretty cool. That you can't understand Bavaria. That's so easy. Yeah. Well, I think yeah, they do want to separate. My late in-laws were from Louvigshaven. Okay. But they're working class, BASF.

And now King is from my first marriage. to uh well to karen i mean i just you know that's far afield from what we're doing here but it is like your my first day you know yeah all right so she's german huh yeah how cool is that man it's it's very cool it's beautiful country it is so great and the pier 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

But the book is my book. I want to talk about what you want to talk about. Okay. The last one's Corweave. So I just sat down. Oh, God, Intrader. So I just sat down with Michael in Trader, who I know. Okay. So Michael, you have a lot of respect for. He's the CEO of Corwee. Talk about self-effacing. Oh, my. I, I'll tell you this. So that episode. Oh, you like, Jersey. The episode, yes. And lives like a couple blocks away from me in Brooklyn. Are you serious? What's your video on? I'm right on Flatbush Avenue. Oh, you're all over. Okay. That's some good value there.

So this, 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. And, you know, you could listen. You're on to the depreciation. You're very on to it. You could listen to a lot of, right, that's the chip. But that's Michael's rat.

Look, you could listen to a lot of the negative stuff about CoreWeave and I came away, impressed. My hot take on them, it's in better shape than the haters say. Okay, so I agree to have dinner with them, much to my own chagrin because, like, I know he's a con artist who's just, doesn't know anything and three hours later i left at 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 favor was critical and i said i said no no intrader has the model intrader understands it and in the end the the stub is worth much more than people realize and i just like this attitude toward life i agree yeah i can't wait to air this episode it's the first podcast episode he's ever done about core scientific no

That's a tough one. I should have spoke with you before. No, that's a tough one, because Course Scientific led him, they should have taken the deal. That was so dumb. Yeah. I mean, Course Scientific, I don't even know if they can build these things. Take a look at all the ones that couldn't finish. There were five that they can't finish, and maybe they finished now.

But I'm glad you interviewed him because he's refreshing. Right. He's Eastern. Yeah. He's Easter. Yes. These days it feels like every dollar should be working a little harder, but figuring out where to put your cash can be confusing.

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okay uh your so i've i picked up the book and i'm i am a big so first of all i don't trade individual stocks because i'm a journalist so i try not to pick favorites it's very right and i've 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 for informational 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, you know more than me than this. That feels like a very aggressive ratio because most people who bet on individual stocks are day trade lose. Right. Well, we don't want, remember, we don't want betting and we don't want day trade. you want long-term compounding individual stocks that have been that that have a good balance sheet and a great and remember i only want growth stocks but i want legitimate growth stocks i don't want aklo okay you know aklo and d wave i mean please stop get out of my face what i and i recommend yes because i talk about how individual stocks one individual stock may make up for everything

And I think I pretty well document it, how that can be. My experiences 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 they even buy the stock if it meets certain criteria, but they don't know what the criteria are. Am I telling people to buy Lilly? Yes. Why? Well, because it does, I think it could double, could triple because they're going to own the best market in the world.

And I want people in individual stock. And I can't, I have a charitable trust, I give all the money away. I haven't been fortunate to give it a lot of money away. But an Nvidia is a life changer. I put together an Nvidia millionaire's lunch that you got to meet, 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 there were people from all walks of life.

And I think individual would be what I mean is that there was a policeman stop me, always still intimidated, what did I do, you know? I don't smoke pot. I mean, what the hell do? And he said, listen, Jim, I said, yeah, he goes, I'm a millionaire. I said, what do you mean? He goes, well, I bought the invidia when you name your dog, Nvidia. And I bought a small amount, but it turned out to be, it was a big amount for me.

And I said, why are you still police officers? 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 whose lives changed because of invidia. 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 meet the criteria that I talk about, 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 the LSU. No, I mean, these are really the best there is. And there are the, you know, there's 53 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. They're difficult. But in the end, Apple is when your daughter says, I need a second iPod, their jewelry. Zuckerberg, you know, Facebook did change things and then Insta changed things. And go on and on about the things that changed things. And if you see things that change where you adopted it, and the balance sheet works, I think you have a winner. One speculative four are meant to be solid growth stocks.

And, you know, you could say, but I did say you can fool with the ratio. Some people who don't have time, maybe there should be 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. do a lot of bottle signings. My wife's got a mess, Alphosphora. She should advertise in your show. You'd have to read it. You'd love that. And it's, and it's actually doing quite 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 in total wine and warm. And most people bring me their statement to show me how rich they are and that they're millionaire. 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, 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 and averaging down. And then he's the other person he worked with, but Merck regularly. And he said, listen, it's a fine growth company with a good balance. You don't go to keep buying. He ended up being a multimillioner before there were

multimillioner. So it's humbling. But there's ways to do it. And there's, which is 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. And I was willing to expose them as not knowing what they're doing because I thought people would understand how must 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. When you can't talk about Octa, I had a funny Octa story. Let me, let's see if we have time for that. Oh, you're screwing me, man. Can we go over? Okay, yeah.

I guess not. Spotify doesn't latch it. No, no, don't. I don't want to get you in trouble. Okay. I'll come back sometime. No, maybe we can fit it in. All right, let's do this.

It's a minute. Okay. All right. Why don't you tell the Octa 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. He was a very tough girl. She was 20 to the time. And she goes, Dad, I listen to you talked to all these masters of the universe.

I'm going to go outside of a 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 the screw. I said, I know Todd McKeon. And, like, the big security guy should 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. Todd didn't laugh at all until him. Really? He's humorless. I love him. He's humorless. Okay.

Well, did she, did she apply to Octa? No. She works at the food bank. Okay. All right. All right. Here's the two questions I have to wrap up. What is the role of cash? Because the market, when the market seems frothy.

Yes. I feel like maybe I'll just keep in cash and wait for things. Well, I think that you should go down to 15% cash. I don't want more than that because then you ruin the power of compounding. I've got to keep you in. Reinvesting those dividends. No day trading. Please.

No options. Please. Go ahead. Last one. Last one is 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 would like to make it to be so that everybody had health care. That's the purpose of money. If we give everybody health care, 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 health care. We have to give health care to people and that's everything.

And anybody who's involved in the health care 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 health care 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 episode coming for you in a couple of days. So definitely recommend you. 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, and any market highly recommend it. And we'll see you next time on Big Technology Podcast. Michael Lewis here. My best-selling book The Big Short tells the story of the build-up and burst of the U.S. housing market back in 2008. A decade ago, the Big Short was made

into an Academy Award-winning movie, and now I'm bringing it to you for the first time as an audiobook narrated by yours truly. The Big Short Story, what it means to bet against the market, and who really pays for an unchecked financial system, is as relevant today as it's ever been. Get the Big Short now at Pushkin.fm slash audiobooks, or wherever audiobooks are sold.