May 28, 2026 · 44 min
AI demand reshapes chip equipment and digital healthcare
Mad Money w/ Jim Cramer 5/28/26
The episode connects AI infrastructure, digital care, bond cycles, and pressured consumers to the investment cases behind several companies.
- 1Applied Materials links record semiconductor-equipment demand to data-center construction, AI, and supply-chain investment.
- 2Hinge Health pitches app-based physical therapy and hardware-enabled care as a scalable alternative for employers and insurers.
- 3Cramer weighs falling-rate signals, speculative stock calls, and consumer trade-down behavior across a volatile market.
Don't miss
Gary Dickerson connects Applied Materials’ record results with AI-driven demand, data-center construction, and investment across chip manufacturing and advanced packaging.
The brief
Cramer opens with Snowflake, arguing that one software company’s performance can influence how investors judge the broader sector, while revisiting the damage of the dot-com crash.
Applied Materials CEO Gary Dickerson describes record results and AI-driven semiconductor demand, with data-center construction supporting investment in chipmaking, memory, and advanced packaging.
Hinge Health CEO Daniel Perez makes the case for digital physical therapy, combining app-based treatment, sensors, and hardware with employer and insurer economics.
Larry Williams argues that long-term rate cycles, bullish commercial positioning, and weak small-speculator sentiment point toward a bond rally, while also flagging MercadoLibre.
The closing No-Huddle argues that cash-strapped consumers are adapting rather than simply collapsing, using Dollar Tree and Best Buy as evidence.
What was said on this episode
34 statements · 31 positive · 3 neutral
Snowflake stock rose more than 36% after a strong quarterly report.
“The data management platform has sought stock search over 36% after a beautiful quarter.”
Listen at 0:33
Snowflake will spend $6 billion on Amazon’s custom chips.
“Snowflake will be giving $6 billion to Amazon.”
Listen at 2:17
Ukraine has made real battlefield progress against Russia using inexpensive drones.
“They've been making real progress against Russia using cheap drones.”
Listen at 2:43
The government will take an ownership stake in Unusual Machines.
“The government's going to take a stake in that one.”
Listen at 3:11
The drone-company rally is probably not finished because selections have not occurred.
“I don't think so. They haven't even selected them yet.”
Listen at 3:26
At least one or two named drone companies will receive federal funding.
“You know that at least one or two of these is going to deceive some federal largesse.”
Listen at 3:52
Arm’s stock rose partly because of its upcoming Computex presentations with Nvidia’s Jensen Huang.
“I think because Arm will be giving talks with NVIDIA's Jensen Wang at Computex”
Listen at 4:25
Oracle, ServiceNow, MongoDB, and Salesforce may also be able to pivot toward AI.
“If Snowflake can pivot, why can't Oracle or ServiceNow or MongoDB or even Salesforce?”
Listen at 5:30
The AI data-center boom is far from ending, leaving the market more room to rise.
“The bottom line. is that the market's different, and we're much further from the end of the AI data center boom, as you'll find out when you listen to applied materials later, than the bears would have you believe. That means I think we do have more room to run.”
Listen at 8:33
Cramer expects to retain confidence in Alex Karp and Palantir.
“I have not lost faith in my great friend Alex Karp, and I don't think I will.”
Listen at 9:28
Ford is undergoing a parabolic stock move, making partial profit-taking appropriate.
“Ford is on parabolic move. You took some off. That's perfect.”
Listen at 10:26
Wynn Resorts should be valued around $120–$140 absent its Dubai exposure.
“I would say that this thing should be at 120, 140”
Listen at 11:18
Applied Materials will continue benefiting while chips remain in short supply.
“I'm betting applied materials will just keep winning.”
Listen at 13:41
Applied Materials’ AI-driven industry inflection will continue for a long time.
“this inflection is going to go on for a very long time.”
Listen at 14:24
AI will transform every industry.
“AI is going to transform every industry.”
Listen at 15:46
Applied Materials can nearly double its operational capacity.
“we could pretty much double the operational capacity”
Listen at 16:44
Hinge Health’s revenue increased 47% year over year.
“Revenue up 47 percent year over year”
Listen at 21:14
Non-surgical, non-invasive pain treatment reduces downstream healthcare costs.
“if you could give people a non-surgical, non-invasive option for their pain relief, you're going to reduce downstream costs.”
Listen at 22:04
Hinge Health’s Enso device can provide transcutaneous nerve stimulation as an opioid alternative.
“our Enzo device could deliver electrical nerve stimulation right through your skin to give you a technology alternative to opioids.”
Listen at 22:44
Hinge Health’s Enso device received FDA clearance for migraine use.
“our Enzo device just got FDA clearance to be used for migraine.”
Listen at 24:02
Enso stimulation can quiet overactive trigeminal nerves and provide near-instant migraine relief.
“we're able to quiet down the trigeminal nerve that is overactive in the setting of a migraine to deliver near instant pain relief.”
Listen at 24:07
Hinge Health can provide specialist access within several days.
“We're able to give people access to specialists within several days”
Listen at 25:22
Hinge Health retained approximately 97% of customers in 2025.
“we had about 97% customer retention in 2025”
Listen at 25:56
Hinge Health reaches 25 million of 260 million American adults.
“Still, 25 million Americans adults have access to Hinge Health out of 260 million American adults.”
Listen at 27:04
Hinge Health represents about 1% of the U.S. physical-therapy market.
“that's about 1% of the physical therapy market in the U.S.”
Listen at 27:42
Joby Aviation is an attractive speculative investment.
“Joby is a terrific spec.”
Listen at 35:44
Investors should buy QXO at current levels.
“You'll buy QXO here.”
Listen at 36:16
Interest rates have peaked.
“I think interest rates have peak.”
Listen at 36:18
MNCN has valuable property and is profitable.
“I thought there was value here, and it's a profitable company.”
Listen at 37:12
SLS is an attractive speculative investment.
“It's a great spec.”
Listen at 37:43
Nokia is attracting interest because of its AI and 6G-AI exposure.
“it's got some AI, so people are going crazy for it. And it's got the 6G AI.”
Listen at 38:15
Bitcoin is a good long-term purchase at current levels.
“I do think it's a good buy right here for the long term.”
Listen at 38:59
Investors should buy GE Aerospace stock.
“I want you to buy the stock of GE Aerospace.”
Listen at 39:16
A television refresh cycle is improving Best Buy’s results and should support it going forward.
“It's a TV refresh cycle, and it's allowing Best Buy to crush the numbers, and I think will really help them going forward.”
Listen at 42:31
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.
Books & mentions
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