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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, March 20, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(１) Jim Cramer says investors shouldn’t fear the Fed after Wednesday’s rate decision (https://www.cnbc.com/2024/03/20/jim-cramer-says-investors-shouldnt-fear-the-fed.html)
- CNBC’s Jim Cramer on Wednesday said he feels optimistic about the market after the Federal Reserve held rates steady and maintained there would be three cuts before the end of the year.
- The Fed kept its benchmark overnight borrowing rate between 5.25% and 5.5%, where it’s sat since July 2023.
(２) Executive Interview: SoFi CEO explains convertible debt offering: ‘We did this deal from a position of strength’ (https://www.cnbc.com/2024/03/20/sofi-ceo-defends-convertible-debt-offering.html)
- In a Wednesday interview with CNBC’s Jim Cramer, SoFi CEO Anthony Noto explained why the online personal finance company issued a convertible debt offering.
- “We did this deal from a position of strength,” Noto said. “What we saw was an opportunity, from that position of strength, to lower our cost of debt.”
Ticker: SOFI
(3) Executive Interview: Nvidia CEO Jensen Huang explains why his company is making humanoid robots (https://www.cnbc.com/2024/03/20/nvidia-ceo-jensen-huang-explains-why-his-company-is-making-humanoid-robots.html)
- Nvidia CEO Jensen Huang told CNBC’s Jim Cramer his company is making humanoid robots because data used to train these models comes from people.
- “We’re in a world where, in order to write a software for a computer, we use data, or training examples, and the computer learns from the examples,” he said. “Well, we have the most examples of human(s) moving around of just about any other data.”
Ticker: NVDA
(4) Executive Interview: AWS CEO Adam Selipsky: We continue to drive down our own costs and drive down the prices we charge (https://www.cnbc.com/video/2024/03/20/aws-ceo-adam-selipsky-we-continue-to-drive-down-our-own-costs-and-drive-down-the-prices-we-charge.html)
Amazon Web Services CEO Adam Selipsky joins ‘Mad Money’ host Jim Cramer to talk AI integration, operating costs, collaborating with Nvidia and more.
Ticker: AMZN
(5) Cramer’s Lighting Round: Stick with Capital One (https://www.cnbc.com/2024/03/20/cramers-lighting-round-stick-with-capital-one.html)
- Shopify: “I like e-commerce. I like Amazon more than Shopify, but I think Shopify does an absolutely terrific job with small, medium-sized businesses, consumer packaged goods companies. I would stick by it.”
- Capital One: “Capital One is terrific. Management is great…I say stick with that one, it is a good company.”
- Palantir: “I like Palantir, I liked the quarter last time…I think it’s a good company.”
- Cava: “It got too hot, and then it came all the way down, and we said, ‘buy, buy, buy.’ And it’s been right, and we’re sticking with it. But don’t forget, Chipotle is the king.”
- Brand Engagement Network: “There’s a lot of AI pretenders. There’s one AI king, and that happens to be Nvidia.”
Ticker: SHOP, COF, PLTR, CAVA, BNAI
(6) Interview: Sec. Raimondo on CHIPS Act: It makes sense to provide these subsidies so companies make chips here (https://www.cnbc.com/video/2024/03/20/sec-raimondo-on-chips-act-it-makes-sense-to-provide-these-subsidies-so-companies-make-chips-here.html)
Commerce Secretary Gina Raimondo joins ‘Mad Money’ host Jim Cramer to give a status report on the CHIPS Act funding.
Other Stocks Discussed (calls with audience): Phillips 66 (PSX)
Ref: Links to other sites that relate to episode of March 20, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive（Video & Texts per minute）
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