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.
Mad Money w/ Jim Cramer
Mad Money w/ Jim Cramer 3/22/24
At the UPS Store, we know things can get busy this upcoming holiday. You can count on us to be open and ready to help with any packing and shipping or anything else you might need. Is there anything you can't do? Um, actually, I don't have a good singing voice. The U.P.Nup. But, our certified packing experts can pack and ship just about anything. At least that's good. The UPS Store. Be unstoppable. Most locations are independently on. Product services pricing and hours of operation may vary. See Center for Details. Come in today to get your holiday goodies there on time. Electricity. A big idea that's inspired countless new ones. From powering the light bulb to virtually powering our entire lives. 30 years ago, State Street launched the Spyder S&P 500 ETF, Spy. A big idea that inspired the world to invest differently. And still does. What can you do with Spy? Before investing, consider the funds, investment objectives, risks, charges, and expenses. Visit ssta.com for a perspective containing this and other information. Read it carefully before investing. Spy is subject to risks similar to those of stocks. All ETS are subject to risk, including possible loss of principal, house distributors, and distributor. 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 summer. And I promise to help you find it. Mad money starts now. Hey, I'm Kramer. Welcome to a special West Coast edition. Mad money. Welcome to Kramer. I'll be my friends. I'm just trying to make a little money. My job, not just to entertain, but to teach. So call me. 1-800-743-CVC or tweet me at Jim Kramer. All amazing things must come to an end. So today, we bid a due to the West Coast, where we learn about all things AI from NVIDIA, Champion Apple's Vision Pro is a business to business product tied to NVIDIA's platform, and reiterate that you should own, not trade, both stocks. Even as Apple is now under assault from the Justice Department for unfairly putting out a real good phone. Oh, just another week in the life of Silicon Valley, which we shared in the battle, and have still one more week of record-breaking action. Even as the market lost teams take out, slipping 305 points. This will be the climbing point one for reset, and as that can actually advance in just one point six, I'll take it. So what awaits us when we come in next week? As early as Monday, a familiar symbol returns to trading DJT for Dollar Day Trump, which is the SPAC that converted Friday into Trump Media and Technology Group. I'm mentioning this vehicle, because it could produce a big windfall for former President Trump, who has taken the company's worth about $3 billion now, and could be worth much more at the stock stays above certain levels for just a few weeks. His stock is going to be locked up for six months, but he could petition the company's board to begin selling his shares immediately. Worth noting, because his company and his campaign apparently need money. Rarely do you get a SPAC like this with such political implications. We also get new home sales on Monday, and we know that housing's at the heart of the Federal Reserve's dilemma. See, the Fed needs more homes to be built, okay? Hey, these gotta bring down the cost of rent, but the homebuilders have been reluctant to increase construction because of higher mortgage rates. If Jay Powell wants more homes to be built, he should actually be cutting short rates. But if he does that, well, the price of housing will skyrocket. It's not even a Hobson's choice forever, see? Yesterday, the Justice Department came after Apple with everything it had, which was kind of late, not much. But Apple had a weak stop for ages, and the suit just poured out more sellers. I'm waiting to hear from Apple and Google about an artificial intelligence tie-in. And maybe more about the Vision Pro for the enterprise, like what we saw when NVIDIA live streamed their omniverse to the device, and we almost bought a car that didn't even exist? Yeah, the resolution was that great. The Reddit IPO came earlier this weekend. It was in its successes. The company managed to place enough stock with loyal Redditors, who for the most part didn't sell. The company isn't making money yet, but it's on track to get there eventually, although the stocks started pulling back today. I'm most interested in this company fact, and more interested in whether the Redditors will return in force to focus on individual stocks again, like they once did with GameStop, which reports on Tuesday. I expect another dismal quarter, of course, but they never stopped anyone from the Wall Street best department of Reddit. I don't expect to repeat a reaction from three years ago, but perhaps they'll help prop up the stock after another horrendous set of numbers. Also on Tuesday, I think we're going to be in for some better than expected numbers from McCormick, the big maker of Spices and Seasonings. Oh, man, the last quarter, I'm calling it subpar. But I bet this terrific house of flavored brands, without a lot of fatening product, by the way, could have been upside. The last two food companies that reported Hormel and General Mills, both had no subside surprises. Let's see if threes that you are. Wednesday, we're here from the most consistent company of the week, which is Sintas. That's the uniform rental company we have one that's also expanded to providing all sorts of essential fire and safety services to small, medium-sized, and, yes, large businesses. Sintas is just repeatedly blown away the numbers. I expect nothing less than this time, bankable. And then there's a wildcard, Carnival, the cruise line. Royal Caribbean has pulled away from the packer. Can Carnival catch up? I think it'd be hard not to. Hey, next, Kimberly Clark. Yes, story names. That now lists me on Wednesday, with a great brand and almost 4% yield. This company may be ready to play offense after some slowdown caused by the persistence of this work from Home Ethos. Remember, Kimberly Clark does a lot of enterprise business, keeping the office bathroom stock with soap and paper. I think the stock's pretty interesting down here. Thursday, Waluigi was the line to speak of interesting down here reports. And for once, I'm actually excited about this drugstore stock, because there could be a turn in hand, now that they brought in Tim Wentworth. At last, a seasoned healthcare executive CEO. It may be too soon to make big changes, but something has to be done, Ponto. I just love to hear Wentworth lay out a plan for Waluigi's return to growth. He, Cooley, has one else he would never have taken the job. It's not like he needs to work. It's not like he has to prove anything. He used to be the CEO of Express Scripts, one of the most successful pharmacy benefit managers ever, which he sold the signal for a cool 67 billion. We just got through the torture of a Fed meeting. So I'd like to keep the Fed speak to a minimum, please. But I do want to point out that on Friday, we get the personal consumption expenditures numbers, and this apparently is J. Pell's favorite inflation reading. The bottom line, we're no longer fighting the Fed people. They don't seem inclined to raise rates when they're supposed to be cutting them. That doesn't make sense. And that means even if we hear a lot of noise about an overheated inflation number, I'd, yes, consider it a buying opportunity. Let's go to Sean in Texas. Sean. Hey, Jim. I have a question about a stock I originally bought for the dividend yield to stop your pioneer, DXD. Now, what's it going back up some in the merger with Pioneer and Exxon? Would it be a good idea to sell and purchase? I think you should. And we'll sell that money into what the stock's are. I tell clubbers, members that they should own, which is COTARA, C-T-R-A. That's a better value right now. Pioneers is trapped by the price of Exxon, which is buying them. Let's go to Kevin in the Alignai Kevin. Hey, Jim Booey from Alignai Nation. Oh, Booey, I'll write it back. What's up? Hey, what's your thought on Nike with the shift in strategy? I did see foot traffic was up 36% in January and February seems like maybe a buying opportunity to me. I don't know. I've been struggling. The reason I've been struggling is since Dix had a really good quarter. So I don't want to hear about the American consumer not spending that much on sporting good sneakers. I think that Nike's got to try to bottom here before I'll recommend it. Maybe it's 90. It's got a great brand name, but the next quarter is going to be week two. Let's go to Greg in Illinois, Greg. Booey, I'm so happy to speak to you. How are you? I'm doing well, Greg. How about you? Awesome. I'm such a big fan. I've been watching your show since AMD was at $2. My question is on general mils. The stock. Oh, in my general mils quarter, which is really good. Five on five. It was good, good quarter. And I recommend the stock. 3.4% without a lot of GOP that's one exposure. I think you're good to go on that one. All right. Look, we're no longer fighting the Fed, which means if we get some inflation-related turbulence in the market, I consider it a chance to be able to do it. Five on five. Oh, man. I'm happy I'm wrapping up my time in San Francisco with some of the various top companies, including Block. You think that company recently surprised the upside? Hey, can you square up this stock for the portfolio? I've had the company stock rest. Then I'm talking to CEO of one of the most powerful growth stories of the last few years that's getting its mojo back on finding out how Roblox has been building up its market value and its millions of users. And I'm liking the homework. Let's see what the company says. And even if they had reached wasn't enough to keep octed down, so can this identity store for a company keep performing? I'm going to talk to the CEO. So stay with Cramer. Don't miss a second of Mad Money. Follow @chimcramer on X. Have a question? Tweet Cramer. #MadMensions. Send Jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. Miss something? Head to madmoney.cnbc.com. At the UPS Store, we know things can get busy this upcoming holiday. You can count on us to be open and ready to help with any packing and shipping or anything else you might need. Is there anything you can't do? Um, actually, I don't have a good singing voice. The UPS? No. But our certified packing experts can pack and ship just about anything. At least that's good. The UPS Store. Be unstoppable. Most locations are independently owned. Product services pricing in hours of operation may vary. See center for details. Come in today to get your holiday goodies there on time. Welcome to the Canva guided meditation for stress at work. Impending deadline? Generate Canva presentations in seconds. So fast. Brainstorm got too big. Summarize with AI in a click click click. Riders block. Release with Canva magic right. Stressless and save time at canva.com. Designed for work. Canva. Has blocked the financial technology company formerly known as Square. Finally gotten this mojo back. After spending a couple years lost the wilderness. The company reported much better than spent in quarter last month and the stock has more than doubled since the end of October. So can you keep running? Earlier today we checked in with Emerita Hujis. She's the CFO and COO. A block. Take a look. Hey, Emerita, since I've seen you last, this has got to be the most exciting time I can recall for block. Allah Square. You focused on so many different things but right now it's the one that all the younger people tell me about. It's Cash App and it's about to explode. Jim, thank you so much for having me here. We're incredibly excited about the opportunity we see with Cash App to bank our base. We have 56 million monthly active. More important than that number is the engagement of those active on our platform. Two and three of them are weekly active. One in four of them are daily active. And they're using our financial services products regularly. Like Cash App Card, which is a free Visa debit card that's customizable and is really popular with Gen Z and younger population. Like you said, Cash App was the first thing they had and then I realized when I looked through your documents, there are 13 year olds who are with it and they'll be there for life. Well, we have a family's offering that is really unique because this is a population that's pretty underserved and we get to grow with them. There are about 38% of our monthly active but only 28% of our inflows. So imagine the opportunity to grow as they become the spenders and earners of the future. And it gives us a chance to grow up market with them. We get to reach their parents and their aunts and uncles and their community around them. I love the fact that as they get wealthier, you get more of their wallet, which is terrific. That's happening. That's right. We see that as people use more and more of Cash App, they adopt more products. So not only 23 million on Cash App card, but 3 million using our more nascent products, Cash App Borrow, which is a fast access line of credit, Cash App Pay, which is a chance to use your stored funds within Cash App at so many merchants around the world or Paycheck Direct Deposit. Now, when a customer is direct depositing into Cash App, they bring six to seven times more inflows into Cash App, which is an immense monetization opportunity. That's why you've got the great leverage that I've been looking for in the financial services. You are doing a lot of exciting things, and you're doing them with a thin group of people in terms of encouraging productivity. A cap of 12,000, something that Jack Dorsey talks about as being a great way to re-center the company. That's right, Jim. This is a way for us to use constraints to drive creativity. So constraints here are the number of people we have at the company, and it drives a focus on what matters the most. It helps us prioritize our work, and it helps us think strategically about what most benefits our customers. Of course, it also benefits the bottom line, and that's where we see significant margin expansion opportunity. What we've guided to this year is already eight points or more of margin expansion, and we want to do more of that as we hit Rule of 40 in 2026. Right, and that's a great growth and margin story, and I think that people should recognize that a lot of financial services companies would kill for that level of growth. They don't have it. Some other things that you do are just, I think, cutting edge. You do fractional shares. Is it working? That's right. So within cash app, you have the opportunity to buy a dollar, or $10, of NVIDIA, or Berkshire Hathaway. It's a really exciting opportunity to bring people in to the stock investing. When we launched this product in 2019, what we saw was over half of US households were not investing in the stock market. So this is an opportunity to make it more accessible and bring people into the significant wealth creation opportunities that others already have. Okay, now we are big fans of Bitcoin. We are not against it. We think it's a great storehold of value. Do you think it can go back to where people thought that at one point it would be used as a currency? So we want to drive utility to Bitcoin, and we've got multiple ways to do that. We do, with our Lightning Network, initiative C= have an opportunity to use Bitcoin as a currency, but we're looking at the multitude of ways, a store of value, self-custing, buying and selling Bitcoin, mining Bitcoin, and global remittances. Those are our efforts. They're relatively small today and experimental, but we see a significant opportunity to drive utility and, again, bring more people into the economy. If someone wants to open an account and buy Ethereum, are you a place you can do it? No, we only do Bitcoin. Really? Yes. Is it time to expand to others? We think Bitcoin is the longest lived best brand, open developer ecosystem, and we see a significant opportunity behind Bitcoin. Fair enough. I want you to be more expansive because it's hard to find places that you trust that can allow you to buy the others, but maybe that's because you vetted them. I'm not sure if they're necessarily the right ones to be in. Trust is critical, and again, focus for us is critical, and that's where the focus is with Bitcoin. Okay, you spent 29 billion on afterpay. How's it working? Afterpay is an incredible opportunity to bring commerce into cashup. We had over 20 million consumers on an annual basis using afterpay with increasing frequency. These younger customers, Jim, don't trust the negative debt spirals that you see from credit cards. With afterpay, we grew our gross merchandising volume by 25% in the important seasonal Q4 quarter, and I think there's even more opportunity to integrate it into cashup and to bring those local commerce opportunities out between the combination of square cashup and afterpay. That's where we really think the block is differentiated. I'm glad you mentioned the term square because you work closely, obviously with Jack Dorsey, who's running square. Can you just give us the division of labor? Were you in, for instance, on the decision to cap at 12,000? Absolutely. This was a joint decision across our leadership, but driven by Jack in an effort that was really brought out by clarifying our financial targets, which is to reach rule of 40 in 2026. What we've said is we believe we'll get there by 15% growth rate, hopefully more, or 25% or so adjusted operating income margin. To derive that kind of margin expansion, we need constraint and to drive continued growth at scale, we need focus. This is what the vision is. When you say rule of 40, I mean, I was always questioned how much you're balancing profitability and growth. I'm not sure right now. You can clarify right now for us equal more growth because I love the growth out, but when the pivot occurred after the Fed changed, I want more profitability. I want profitable growth. We want profitable growth, too, and because we invest in high unit economic businesses, when we drive a point of growth at the top line, that drives high incremental margins at the bottom line. So growth is ultimately a creative to both profitability in the top line. One of this thing, I've got to ask you, I didn't ask some people out here, you do a lot of work from home, but what's your feeling about San Francisco right now? As a place to work, as a place that people are starting businesses, is it safer or more people coming back here? I mean, there's incredible talent here, Jim, and I think that there's a real buzz in the air. That said, we want to be a global company and we want to access talent all around the world. This is why we allow our employees to work in a distributed manner, and we can find diverse talent, excellent talent, and many other cities around the world, too. Well, I've been recommending your stock for some time, and I think I hope people understand now why, because I like profitable growth, they're giving to us, and they're making people, they're converting people at the age of 13. They do it for like Amrito, who's just a COO and CFO block. I just love it when you come in. Thanks so much. Thanks so much. Coming up. Headwinds and the Omniverse. Can this VR stock find its form amid risk? Kramer asks the tough questions. Next. At the UPS Store, we know things can get busy this upcoming holiday. You can count on us to be open and ready to help with any packing and shipping or anything else you might need. Is there anything you can't do? Um, actually, I don't have a good singing voice. Nope. But our certified packing experts can pack and ship just about anything. At least that's good. The UPS Store. Be unstoppable. Most locations are independently on. Product services pricing and hours of operation may vary. See center for details. Come in today to get your holiday goodies there on time. While we're out of your Silicon Valley, let's check in with one of the most powerful growth stories around. Even if it's not a great profitability story, yet, I'm talking about Roblox, the online gaming and game creation platform that's insanely popular with kids, 71.5 million daily active users in the latest quarter. But because they never paid for it to properly yet, the stock hasn't gotten as much love as I think it should have. Can that change? Let's go straight to the source with David Bazooki. He is the founder, chairman, CEO of Roblox, Mr. Bazooki. Welcome back to Man Money. Do you have? I can't believe we're live together. Finally. It's the right time to be live because it's just an amazing quarter. Thank you. This is the beginning of the great re-acceleration, just some quick numbers. Daily average users up 22%, hours engaged up 21%, revenues up 30%, bookings up, gigantically. Japan, India, it's happening. It's the re-acceleration that we've wanted and it's deserving because you always had the best product. Yeah, thanks. It was a great quarter. We have so many things driving growth, right? More older users, international Japan and India going over 40% year on year. For those that aren't familiar with Roblox, 100% powered by our community. Everything on Roblox made by amazing creators, some single people, some studios with 100 people, a lot of innovation on our part to help accelerate that and a lot of headroom as well. Okay, so let's talk about this age up situation. Now, when people are in the conference club, they may say, "Well, what is so important about aging up? So why don't you tell us because it's really happening?" Well, historically, there were more users on Roblox under 13 than over 13 years old. When we think of the United States, for example, there's so many people over 13 relative to under 13. So as we age up and as we have more people over 13 than under, there's amazing headroom for all of those people, not just playing together, but people hang out on our platform. They learn together, they do educational experiences, they socialize, some of them are starting to go to concerts. So there's a lot of headroom there. Now, you actually use AI. A lot of people say that AI, but if you're in all these different countries, you have to have real time AI language translation. It's happening, right? That's exactly right. We have over 70 ML pipelines on our platform behind the scenes. It's driving civility, it's driving safety. As you mentioned, it's driving the dream of a classroom in the United States with a classroom somewhere else hanging out together and communicating in real time. As we've introduced voice, all of the millions of hours of voice on our platform are being kept safe and civil with AI, and we're starting to introduce AI tools that allow creation. For example, imagine you and I wanted to create clothing. You'll be able to create clothing on Roblox someday by describing the clothing. So AI is going to help everyone be a creator. Now, when I was wanted recently, there's some, there's some football, you got some sports, right? There's some key things that you're getting to get. I mean, there's lots of different kinds of program where I'm saying is that so it can be boys who are 13, there's lots of stuff for mixed everything, and they're all really safe. No matter what, I couldn't find anything that I thought was edgy, which frankly, I don't want. Yeah, since we started civility and safety has been the foundation of our platform. We have thousands of people in safety. We improve that with AI. And as you noted, as you looked around, you saw most likely incredible variety, incredible diversity, incredible freshness of content. It's what's been driving our growth, having this giant community of creators build awesome content. Now, when I hear that, I also think, boy, would I like to advertise against that? Now, I know, and I'm not trying to get you to talk about numbers right now, it's not right, because you're middle of the quarter, but advertisers are getting real interested. We're starting to introduce both traditional and more innovative advertising units, you know, partners like Lamborghini, Adi Daz, McDonald's. What they are offering is not just brand advertising, but the ability to interact with an experience, the ability to go to a place like Vansworld, try on those shoes, go skateboarding together, connect with the brand in real world, and we have a lot more coming there. Well, that would be good for meta-quests. That might be a play to be able to use. Meta-quests is amazing. We've been live on in Q4. We introduced Meta-quests and Sony PlayStation. Those are both very lined with the vision of when a creator makes something on Roblox. It runs in every language that we support. It runs on all devices, phones, tablets, computers, consoles, and it meta-quest and VR devices are one of the most immersive ways to experience Roblox. Now, you did use the term interesting candidate when it came to Vision Pro. That was when you reported, "Is there another word we can use such interesting candidates?" I would say several devices are obvious candidates. The Vision Pro is a lovely device, as far as mixed reality, the quality of that device. We've already architected on meta-quests, so it's an obvious device. Fair enough. Without giving any ship date. Understood, because sometimes it's difficult to talk about different relationships, not all the relationships are equal. Now, how is this special event the hunt going? We have this long tradition of events on our platform. What's interesting about Roblox events, they leverage everything the community has built. We build a lightweight layer. Imagine a modern day scavenger hunt where you're going to go to 100 different places, except the 100 different places are literally the individual experiences made by our creators. There's 100 creators participating in this event. They all have a special scavenger type item you can go and find, and it really just highlights the variety and diversity of our platform. Okay, so people are playing? They're looking? Absolutely. People are going on large scavenger hunts. People are live streaming about it. People are doing different things in different places. Highlighting, we're really just building the event itself, but all the cool stuff is built by our creators. Oh, that's fantastic. One last thing you mentioned, you have thousands of people looking at safety. One of the things I was worried about Reddit was that there can be these boisterous areas of Reddit, and they say the community pleases them. That's not enough to have a community police things when it comes to Roblox. We do a wide range of things. We use human moderation. We use AI moderation. We use predictive moderation. We look at content on our platform. We look at communication on our platform. Voice safety is something that we've rolled out carefully and slowly. We've developed some of the most innovative AI in the world to, in real-time, monitor voice. I got called out in an interactive company office setting for using a swear word because we had set the voice safety level to very high and one of my employee engagements. It's really good. Well, look, I think that that's why teachers all over the world. I guess I knew the country now, I guess, what they did in Japan. All over the world feel very safe having the kids be. You know, in Roblox we're seeing educational experiences like first robotics and stuff where students are able to build stuff they can't do in real life. Well, the good guys win. I knew that you would just get to the acceleration that you're at. It's Q1 of the acceleration. There's many things going your way. Anyway, that's Dave Bazooki. He's the fatter chair. He's CEO of Roblox. Guys, I've been waiting for this one to take off. It is taking off and made money back. Coming up, this stock soared last month. Can the good times keep rolling? Kramer's got the CEO when we return. That's October. There was a big data breach at Okta. The sole for a company that handles identity and access management. Ironic. But if you look at the lose Okta business, well, let me tell you something three weeks ago they proved you wrong with a magnificent quarter that sent the stock into the stratosphere. You know what? I don't think it's done. Yesterday we sat down with Todd McKinney, the co-founder and CEO of Okta. Take a look. Todd, you have accelerating revenue growth. Now some of that's because the bad guys just went into our IDs. But you also have done customer identity cloud and privileged access manager. We really haven't talked about them together. I want to give you the floor on these because these are very clear verticals that you excel in. Yeah, so our strategy is we want to be the leading identity management company. And that means having leading products in every category. Traditionally we've been known for workforce identity, which was helping employees and partners log in securely to all of their technology. But now about 40% of our revenue is from customers logging into websites and mobile apps. So a great example of that is OpenAI. So when you use chat GPT, you log in through Okta. So we're keeping those users secure and connecting them seamlessly to chat GPT. And this is a really big important part of our business. Because if you take a step back and think about it from CEO's perspective or a board of director's perspective, and we want to be their identity platform of choice, we have to cover all of these use cases and for sure their customer experiences and the new mobile apps they're launching and the online experiences are as important as their employee experiences and all has to work together in one comprehensive platform. The difficult thing is I want to be on chat GPT as quick as I can. I want to be on Netflix as fair. I want to be on every single site as quickly as I can. But for the most part, there's been a trade-off. If you let me in quickly, then I'm also going and we're likely to hack you and wreck your system. You are somehow able to toggle both. Yeah, well that's the kind of, when you think about technology, there's always trade-offs, speed and performance and cost. I think in the identity world, traditionally there has been this trade-off between how easy do you want it for end users, how easy do you want it for customer experience, and how secure can you make it. And that's been challenging, but we have a lot of technologies in our favor. A simple example is now we have more biometric sensors with every phone having a biometric sensor on. That's a really good step up from the traditional password where we can scan your eye or we can look at a fingerprint and get you on those sites right away. There's an exciting new technology out there called PAST Keys, which is a way that all of the different operating systems can agree to share that biometric sensor data and seamlessly connect users across all platforms. And Octa, with our customer identity cloud, we're right in the middle of that, helping developers make it super easy to adopt PAST Keys and power their websites with these great customers. Now, these big enterprises are also small medium. It's across the board. We have almost 19,000 customers and one of the fastest growing segments is our cohort of a million-dollar-plus customers. So customers paying this over a million dollars. I know, if you had that problem, you had your own hack and I was shocked to see, I mean the way you can measure whether your company's come back is the number of million-dollar customers. And it's just been an incredible surge for you. Now, one of the things that I think the reason why it's been a surge is that there are many enterprises that deal with the public, a big casino company, a big cruise, let's say. And everyone is hospitable, but hospitality can be the death now because they want to help the customer and the customer may be a bad actor. What do you do to make it so that these these workers can do the best it be as helpful as possible and yet not infiltrate? Well, one of the reasons why I'm so excited about where we're going in our future is we can be the partner for a lot of these companies that are moving their businesses online. If you're a casino or a gaming company or a cruise line, as you mentioned, 20 years ago, there was no online connected experience, but now the default for consumers is they want everything to be available online from bookings and reservations to your customer experience, checking into their room, looking at their bill. They want to have that flexibility in all the consumer internet companies have raised the standard there. And it's up to us to partner with these companies to help them branch out and bring their business online, whether it's a cruise line created in a new mobile app or it's really any industry that's been traditional, an industry can get more connected. Tell me your video is making clear that the company, it's the company. Like Octa doesn't want to be it's not brought to you by Octa if you're on a cruise line because you don't want that, right? You want the company to be the responsible one. Yeah, it's all about the customer and how they're extending their brand to their customer base, whether you're an airline, building a loyalty program, any industry with consumers. But the same time that customer doesn't really have any knowledge, they have to conduct. It costs too much money for them to learn to do what you do. Well, the learning is the key word there. So learning can be very expensive, especially when you're talking about when more business processes and more interactions get online, the risk of security breaches gets higher. So you have to not only get the experience, but you also have to get the security right. And that's a painful thing for companies to learn. I also like the fact that you've made it very clear that there are individual moments, acquisitions, divestitures, complex use cases, where again, you have to bring an octa. It's too dangerous. There's too many people whose names are being left out and they infiltrate through that. Yeah, we pride ourselves on being the leading identity platform, as I mentioned, covering all of these use cases. But also, we pride ourselves on being just identity and focused on identity, because that makes us neutral. We don't favor a certain platform or a certain application or a certain system. We give the customer choice across many different choices of technology, which is very important because when you talk about these key business events like a merger or a divestiture, big strategic decisions that boards of directors are making, guess what? The company you're buying probably has a different tech stack. It's probably not standardized like the divisions of your company, which means an identity platform that can connect you in a neutral way to that technology stack. It's going to help you drive that business and get that merger done faster. And what do all these companies want? They want speed drive growth. They want to do it more effectively. They want to get their brands out there. They want to extend their businesses. And identity can be at the middle of all that, which is why we're in such a good position. One last question. I have a little feisty topic here. I'm looking at a screenshot. Octas superior choice versus Microsoft every time. Time you're taking the gloves off here. But you had data. I went to your footnote set. You have data which shows that people should charge using you over Microsoft. Yeah. Microsoft is a significant player in technology, obviously, and in the identity industry itself. But they're pretty different than us in that they are selling more than just identity. So by default, their identity platform is going to favor their technology. But we got the customers and say, you can choose any app you want. We can choose you can choose any development platform. You're not going to be locked in. You're not going to be beholden to that gatekeeper. You're going to have a choice with us. So the stats bared out, but just at a philosophical level, we're very differentiated. And I think the customers are really seeing that. And that's what's driving you're winning. You're winning. You're winning. And it's great because I know, like I said, because I've known you for a long time, you had stumbled and you talked about it. You were open about it. People love the fact you're open about it. You have the best technology and you're growing faster than anybody in the industry, which is a pretty good testament to your leadership. That's Tommy Kinney, the CEO and co-founder of Okta, a company that I have liked for a very long time. Thank you, Todd. When we return, master the markets, one stock at a time. The lightning round is up next. It's time to start by myself in the video. Of course. My step is playing when you play the cell. And then the lightning round is over. Are you ready, ski? Yeah, I'm going to let you guys remember, I'm going to start by Thomas and gunpoint Thomas. Kramer, who's a boy from the San Francisco Bay. What a great natural treasure you are. Thank you very much. All you do for us. Thank you. Thank you. That's been a long interview for me. Ha ha, thanks a lot. Yeah, we had a great time with Anthony's today. How can I help you? RJF, what are your thoughts? The thing is a horse, it's now, but it's now value. We're highly than JP Morgan, so I'm gonna have to say it's too late. We missed it. Let's find the next one. Jeremiah in California, Jeremiah. Hey, Jim, thanks for taking the call. You're there. Of course. This stock has been bouncing up and down. It's armed. I think it's I like going very much. I want to be sure to be hit that lock up exploration, and it looks like it's coming on. I think you got a good situation going there. I want to be a buyer. Michael and Georgia, Michael. Booyah, Jim, first time ever. Booyah. Booyah, what's going on? So my question is around unity software. It just symbols you. Okay, I always told you to sell the stock, but you know what? You can't anywhere. Why? Because Jim Whitehurst is now in charge, and Whitehurst is a winner. I have a buyer. I've changed my mind while I stop because he's running. Let's go to George in California, George. Booyah, Jimmy. Booyah. I'm going on construct resources. CRK. Yeah, you know what? I just think there's so many other better there. I'm going to have to refer you again to go to our C.T.R.A., which is just a better situation. I want to go to Josephine and Florida, Josephine. Hi, Jim. Love the show. I'd like to get your opinion on Uber. Oh, Uber, I am very cool. And by the way, needless to say, when Lyft was in 10, who do we say you should bet on? And now it's a double. I'm going to give you a two for there. John and Pennsylvania, John. Hello, Jim. Thank you, Michael. Of course. I have a question about General Electric. All right. Now, people are saying this stock is over extended, and I totally get that. It's one of the greatest charts in the book. But because Boeing is so screwed up, people are saying, give me an aerospace play, and they keep going back to GE. So, I'm not going to tell you to sell the stock. I can tell you that you could hold it if it drops down by more, but I can't tell you to sell it. It's too good. Now, we're going to Sam and Colorado, Sam. Jim, how are you doing? I'm doing well, Sam. How about you? I'm all right, Jim. You know, if I got a stock tonight, it's ever pharmaceutical, and the company things set up to really do well. Now, if that's litigation from the opioid settlements are over, and the debt gives me well paid by the cash flow, what do you think, it's ever? You know what? You're right. You're right. I've been hard on tablet because I like Lily, but tablet situation is improving, and it's ridiculously inexpensive, and they actually have some good scientists here. So, I'm not knocking Teva anymore. As a matter of fact, I'm going to go in on Teva. How about Rebecca in New York? Rebecca? Hi. It is the pleasure talking to you. Oh, I just thank you, and you're wonderful. It's really helpful. I got a good staff. No doubt about it. We have a good staff. How could I help you? That's great. I was thinking about buying a simple NDO Novo notice. What do you think about that? Look, I think you should buy Lily instead, because Lily's going to have, in the next three months, some very good news, I think, on its anti-dimension drug. Now, be your chance. And Novo doesn't have that. Let's go to Rob in Pennsylvania, Rob. Hey, poor you, Jim. How are you? Oh, yeah. I'm all right. How are you? I'm fine. Hey, I've been doing a lot of re-engaging some homework on the AI field, and there's one name that stands out and keeps coming up, and I wanted to know your take on sound out. Some people say I killed sound out. It was at nine. I said I would not buy it, so I didn't mean to kill it, but at six I won't buy it either. And that, ladies, was the conclusion of the lightning round. The lightning round is sponsored by Charles Schwab. Coming up, Kramer wraps up his week out west. The mastermind behind NVIDIA goes in depth once more on Mad Money. We came out to the Bay Area for NVIDIA's big GTC event. So when I got to speak with Jensen Wong, NVIDIA's visionary founder, president, and CEO, you better believe I tried to speak with him for as long as possible. Here are some highlights from the final part of my discussion with perhaps the most important business person on Earth right now. I want to talk about the things that seem superfluous or frivolous, but work, entertainment, the way we sing, the language that we do. People don't realize the music that it can write. How does it have so much creativity? It understands music the way it understands language, and you know today when you ask Chad Japiti a question, it answers your question based on the context of the conversation. Well, you could have a context of the music, and the computer doesn't know the difference between letters, words, and sentences. It doesn't know it any more than it knows, you know, sounds and bars, and so it could create music in the same way that it creates language. The same way that it creates a better operating room, the same way it creates a better operation, a better machine to operate. These are all things that makes better. Better chemicals for drugs, drugable chemicals, better proteins for enzymes for, you know, antibiotics. Well, then let's bring it back to Wall Street. Wall Street is trying to say, trying to pigeonhole, and the truth is, is that your earnings have always succeeded. Even if you go back to 2016, it looked like your stock was expensive, it turned to be cheap. How do we try to value what you talk about? The opportunity for our company and the impact of our company has everything to do with the size of the industries that we serve. There's never been a computing company that has directly impacted so many large industries before. Artificial intelligence is not a generic thing. Artificial intelligence is an intelligence that is related to a particular domain, and so the artificial intelligence of information is one, for health care is another, for transportation is another, for manufacturing, for industrials. For each one of these industries, the technology that's associated with making the impact for that industry is different, and so our opportunity is very, very large. Okay, so you can't meet the demand by any means, and I think there's still this misunderstanding that, well, there'll be a transition between the H-100 and the Black Wall. All that stuff seems like it's nonsense to me. It's a continuum, and people would even, there are a lot of people who would just die for it. They've never seen it at H-100. It's not outmoded, it works, and it creates, it could create a giant liquefied natural gas boat. The demand is so high, every customer wants to have their hopper right now, and they're more than happy. Andy Jassy, if I called him, I said, "Listen, I think I can get you another 100,000. He's would he be happy?" He would be delighted. He would be delighted. He would be delighted. Yeah, because they wanted $2 million more. Yes, because they want to build their business, they want to run their business today. Not wait nine months from now to run their business, they want to run it today. So our chips are not a consumer product that you can wait next week for a year from now to buy. It's an operational part of your company, and you want to run your company today. Hoppers will be in great demand and great supply coming, but great demand for some time. I thought that at the conference one of the amazing things is that there are many companies that have nothing to do with technology. I said John Deere, they make tractors, they need you. I love the fact that John Deere is here. They may robotic tractors make farming more efficient so that the farmers could be more prosperous, more prosperous. And so all of this, you have you have retails, you have consumers, you have us incredible, industrials. Well, if you're a retailer and you don't use you. Rockwell automation is here. In fact, one of my favorite things was a demo I couldn't do because we ran out of time, but Microsoft Rockwell Automation Hexagon did a digital factory completely in simulation, and it was just fantastic. Industrial digital twin. It was a fantastic demonstration. I hope that we'll put it online, but Microsoft Rockwell and Hexagon did a great job. Okay, so what world is sure you most want to save? Earth two, perhaps? Well, artificial intelligence has its two greatest opportunities. I would say most greatest opportunities, the hardest. One is to learn the language of life, and that's healthcare. Okay. That is, if we could solve that in this generation, it would the impact to society be enormous. The other is to understand physics, understand science, multi-physics, very large-scale physics all the way down to small-scale physics, so that we could predict the climate. The ability for us to understand these two things are so, so profound to society, and we're so excited about it. And that's the reason why NVIDIA has healthcare and videos working on Earth two, so that we could help contribute to the industry and all the other scientists that are working on this. From our perspective of understanding how computers work, and our perspective, and our scale of computing, we might be able to make a contribution to these two areas. Well, I do want to thank you for the contribution you've made to so many people who watch our show, who believe in you, and are correct to do so. I'm grateful for all their support. Thank you. That's Jensen Wong. He's the founder, president, and CEO of NVIDIA, perhaps the greatest company I've ever seen. Like I said, there's always a bull market somewhere. I'm trying to find it just for you. Right here on Man Money, I'm Jimmy Kramer. See you Monday. Last call starts now! All opinions expressed by Jim Kramer on this podcast are solely Kramer's opinions, and do not reflect the opinions of CNBC, NBC, Universal, or their 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 Jim Kramer as a specific inducement to make a particular investment or follow a particular strategy, but 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. To view the full Mad Money disclaimer, please visit cnbc.com/madmoneydisclaimer. Are you a software professional looking to make a lasting impact on people and the planet? As general motors, our vision is a world with zero crashes, zero emissions, and zero congestion. And we need innovative people like you to join us on this journey and challenge the limits of what is possible. From autonomous cars to software defined vehicles, you'll translate breakthrough technologies like AI and to experiences that people love, all while pushing the world forward toward an all-electric future. See how you can shape the future of mobility at careers.gm.com. [BLANK_AUDIO]