Jun 9, 2026 · 44 min
AI boom exposes gaps in labor, power and profitability
Mad Money w/ Jim Cramer 6/9/26
The episode tests whether AI’s market promise can survive weak profitability, scarce skilled workers and the enormous infrastructure required to support growth.
- 1Cramer contrasts profitable technology leaders with heavily funded AI and space ventures that remain unprofitable.
- 2Cloudflare frames rising AI traffic as a long-term infrastructure opportunity, even as workforce cuts unsettle investors.
- 3Entergy’s data-center investments highlight the power, labor and ratepayer tensions shaping the AI buildout.
Don't miss
Entergy CEO Drew Marsh explains how data-center demand is reshaping capital plans, generation choices and the balance between customers and ratepayers.
The brief
Jim Cramer opens by contrasting the profitable technology leaders of the past with heavily funded but unprofitable ventures including SpaceX, Anthropic and OpenAI.
Viewer calls turn concrete: Cramer sees Netflix as attractive after a temporary Warner Bros. headwind, while Broadcom’s disappointing results prompt him to acknowledge an investment mistake.
The AI buildout is also a labor story, with Meta’s Dina Powell McCormick and Mike Rowe’s workforce efforts pointing toward electricians, plumbers, welders and fiber technicians.
Cloudflare CEO Matthew Prince argues that AI is driving internet traffic and could make agent traffic exceed human traffic, positioning the company’s infrastructure for long-term growth.
Entergy CEO Drew Marsh details data-center power investments, customer-funded infrastructure and generation choices while Cramer closes with cautious stock calls and growing unease about the market.
What was said on this episode
29 statements · 10 positive · 18 negative · 1 neutral
Cramer says technology stocks can no longer be trusted as market leaders.
“now we're searching for new leadership because tech can no longer be trusted”
Listen at 1:00
SpaceX will need multiple fundraising rounds to finance its space ambitions.
“SpaceX will have to do multiple rounds of fundraising if the company's going to keep paying for its great ambitions of space.”
Listen at 2:25
Stock oversupply is more damaging to bull markets than higher interest rates.
“I've said over and over and over again that higher interest rates can certainly hurt a bull market, but nothing kills a bull market like oversupply of stock.”
Listen at 3:39
A large wave of stock supply is about to enter markets.
“We're about to have supply coming out of our ears.”
Listen at 3:49
SpaceX buyers include investors accustomed to losses from Bitcoin and leveraged ETFs.
“The only saving grace, many of the people who are buying it. who intend to buy SpaceX, well, they're used to losing money because they're in Bitcoin and levered ETFs.”
Listen at 4:12
Cramer favors drug stocks and UnitedHealth in the current market.
“I like the drug stocks here. I like the UnitedHealth here.”
Listen at 6:11
Excess stock supply causes prices to fall.
“The only cure for too much supply is lower prices”
Listen at 6:57
Nvidia is the preferred purchase and should recover first from the market downturn.
“That's the one to buy. That's the one that snaps back first out of this morass.”
Listen at 7:27
Apple remains financially strong with buybacks and attractive products.
“And then the next one is Apple. Still has a balance sheet that's fantastic. Still has the buyback. It still has products we all love.”
Listen at 7:31
Investors should reduce leverage, speculation, and raise cash.
“Let's get off margin. Let's stop the gunning and the speculating. Let's raise some cash in its strength. You won't regret it.”
Listen at 7:43
Cramer recommends buying Netflix.
“OK, I want to buy Netflix.”
Listen at 8:16
Netflix may prove attractive after its 13 percent decline.
“I think we're going to look back and think, well, I bought it down 13 percent. Not bad.”
Listen at 8:30
Broadcom could recover after disappointing earnings.
“It can make a comeback.”
Listen at 8:57
Data-center construction is causing a shortage of skilled labor.
“the real problem is they're causing a shortage in skilled labor”
Listen at 10:36
Fortune 500 companies will face scrutiny over closing the skills gap.
“the biggest, most consequential companies in the Fortune 500 are going to be looked at”
Listen at 15:25
American AI leadership depends on building infrastructure with skilled-trades workers.
“We're not going to win. And American AI is not going to lead if we don't actually build these sites with these women and men who are getting into these fields.”
Listen at 16:17
Promoting four-year degrees as the best path contributed to the skills gap.
“we've spent the last 40 years telling a whole generation of kids that the best path for the most people comes with a four-year degree.”
Listen at 17:33
The coming infrastructure buildout is valued at $10 trillion.
“It's a $10 trillion infrastructure build out.”
Listen at 18:57
Cramer recommends Entergy as a utility investment.
“Guys, if you want a utility, you could do a lot worse than ETR.”
Listen at 35:28
AI has severely damaged media businesses, making Thomson Reuters unattractive.
“this is media, and media has been decimated. by all things AI, and I can't get behind it.”
Listen at 36:25
Investors should limit speculative holdings to one small position.
“Just one spec will do it for you. And I like that attitude.”
Listen at 37:16
Cramer has become more cautious on Nebius after market conditions changed.
“Nebius is one of my favorite stocks. Now I got to pull back because the facts of this entire market have changed.”
Listen at 38:00
Cramer recommends waiting for Nebius to decline before reconsidering it.
“Let that buddy come down and then we'll take a look. Let it come down.”
Listen at 38:09
A person can replicate Wix's offering at a much lower cost.
“he can duplicate whatever Wix does, and he comes at a fraction of the cost”
Listen at 38:26
Cramer favors Carnival over the next five years.
“I think come sail away with biking for the next five years.”
Listen at 39:03
Cramer expects Bitcoin to decline substantially.
“I got to see this thing coming down big”
Listen at 41:31
SpaceX could open at a $5 trillion valuation and then lose half its value.
“But what if the stock opens at, say, $5 trillion because of overenthusiasm and all those market orders coming in? And then the stock is just cut in half.”
Listen at 42:10
Investors should avoid buying SpaceX with market orders at its opening.
“Promise me you won't do the same thing with SpaceX.”
Listen at 42:27
Public markets may lack sufficient liquidity for private-market investors to exit.
“The public markets may not have enough money left to... to let these people get out of their shares.”
Listen at 43:11
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Weekly email
State of the Pod, every Monday
The week's most-discussed names and stories from podcasts, with the moments behind them. Free, five minutes, unsubscribe in one click.