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This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Wednesday, May 29, 2024. It also contains links to CNBC sites which contain video clips and transcripts.
(1) Cramer explains why some are skeptical of Nvidia’s ballooning market cap (https://www.cnbc.com/2024/05/29/cramer-on-why-some-are-skeptical-of-nvidias-ballooning-market-cap.html)
- CNBC’s Jim Cramer on Wednesday reviewed the rise of several market-leading giants and described why some are suspicious about Nvidia’s rise to the top.
- He attributed some of investors’ skepticism to consumers’ unfamiliarity with Nvidia’s products and what exactly the company does.
- If Nvidia keeps up its current growth pace, Cramer said it could soar past Apple and overtake Microsoft soon.
Ticker: NVDA
(2) Executive Interview: After revenue miss, Salesforce CEO details the ‘measured’ buying environment for enterprise software companies (https://www.cnbc.com/2024/05/29/after-revenue-miss-salesforce-ceo-details-enterprise-software-landscape.html)
- After Salesforce posted its first revenue miss since 2006, CEO Marc Benioff told CNBC’s Jim Cramer how the market for enterprise software companies has changed since the pandemic.
- “You can’t control the buying environment. The reality is, you’re going to have heterogeneous buying environments, it’s going to happen,” Benioff said.
Ticker: CRM
(3) Executive Interview: Chipotle CEO discusses viral TikTok trend, company’s first-ever stock split (https://www.cnbc.com/2024/05/29/chipotle-ceo-discusses-viral-tiktok-trend-companys-first-ever-stock-split.html)
- In a Wednesday interview with CNBC’s Jim Cramer, Chipotle CEO Brian Niccol addressed a recent TikTok trend that claims the fast food chain is skimping on portion sizes.
- To Niccol, the trend — which involves some users on Tiktok filming Chipotle workers as they get orders ready in order to receive more toppings — is “a little rude to our team members.”
- Niccol also said employees are excited about thee 50-for-1 stock split, adding that longtime workers have been able to purchase homes with their investments.
Ticker: CMG [good entry point]
(4) [No Video Clip for non-Club members ] Executive Interview: Cadence CEO Anirudh Devgan: Investment in R&D gives us a moat, long-term differentiation (https://www.cnbc.com/video/2024/05/29/cadence-ceo-anirudh-devgan-investment-in-rd-gives-us-a-moat-long-term-differentiation.html)
Cadence President and CEO Anirudh Devgan joins ‘Mad Money’ host Jim Cramer to talk partnering with Nvidia, research investments, and more.
Ticker: CDNS
(5) Cramer’s Lightning Round: ‘Stay away’ from Crown Castle (https://www.cnbc.com/2024/05/29/cramers-lightning-round-stay-away-from-crown-castle.html)
- Walt Disney: “I don’t care that Nelson’s out. Because I think that at these prices, Nelson would probably join me in wanting to be in the situation.”
- Topgolf: “I keep thinking it’s going to move up. And, you know what, I’ve decided just better play it with Dick’s. Dick’s has got golf, Dick’s is better run. I’m going with Dick’s.”
- Crown Castle: “It has no growth, and the company has been incredibly poorly-managed. So I’m going to have to say stay away. I don’t want you near that stock.”
- Oklo: “I’m doing GE, the Vernova. That’s the way to play these things, that’s the best one.”
- AppLovin: “Well, AppLovin had a great quarter. People are AppLovin Lovin, and I’m not going to fight you on it. It was great, and I don’t like enterprise software.”
Ticker: DIS, MODG, CCI, OKLO, APP
(6) [No Video Clip for non-Club members ] Jim Cramer gets a pulse on retail following recent earnings (https://www.cnbc.com/video/2024/05/29/jim-cramer-gets-a-pulse-on-retail-following-recent-earnings.html)
‘Mad Money’ host Jim Cramer talks the recent slate of retail earnings.
Ticker: ANF, DKS, CHWY
Other Stocks Discussed (calls with audience): Shopify (SHOP) [hold on, wait for the next quarter]m Meta Platforms (META) [stay long, not expensive stock]
Ref: Links to other sites that relate to episode of May 29, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive（Video & Texts per minute）
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