Oct 1, 2026 · 44 min
Cramer says Micron’s results matter more than its selloff
Mad Money w/ Jim Cramer 10/1/26
The episode weighs whether investors are misreading strong company fundamentals across technology, infrastructure, consumer, and healthcare stocks.
- 1Cramer favors Morgan Stanley, questions NextEra Energy, and explains why Medtronic’s strong quarter has not sustained its stock.
- 2McDonald’s investor-day selloff raises questions about slowing growth, while edge-computing companies could benefit from AI infrastructure demand.
- 3Cramer backs Micron’s results despite disappointing price action and favors Taiwan Semiconductor and Eli Lilly for longer-term exposure.
Don't miss
Cramer argues that Micron’s exceptionally strong quarterly results matter more than the stock’s disappointing post-earnings decline.
The brief
Cramer opens with viewer questions on Morgan Stanley, NextEra Energy, and Medtronic, favoring Morgan Stanley while warning that the others face distinct challenges.
McDonald’s sharp post-investor-day decline becomes a test of whether slowing growth reflects a deeper strategic problem or creates an opportunity.
The conversation turns to Cloudflare, Akamai, and Fastly, with edge computing and distributed data centers positioned as possible supports for AI inference and physical AI.
Lightning-round calls favor Sprouts, Taiwan Semiconductor, Eli Lilly, and Kimberly-Clark, while Axon’s competition and valuation draw a more cautious reading.
The standout argument arrives with Micron: Cramer says exceptionally strong quarterly results deserve more weight than the stock’s disappointing post-earnings reaction.
What was said on this episode
50 statements · 32 positive · 13 negative · 5 mixed
Moderna’s melanoma-vaccine progress validates its stock rally.
“I think it verifies the excitement and the move.”
Listen at 2:05
Pure Storage may have further upside.
“I wouldn't be surprised if it's got more upside.”
Listen at 2:26
Cramer will not invest in Veeva.
“I'm not going to be in this one.”
Listen at 2:58
Salesforce has more recovery upside than Veeva.
“I'd rather be in the bounce back that is Salesforce, a competitor that has a lot further to go.”
Listen at 3:00
Cramer would still buy Palantir at $190.
“I would still buy Palantir.”
Listen at 3:21
Microsoft’s stock has substantial further upside.
“I think Microsoft has a lot more room to run”
Listen at 6:21
Chevron remains Cramer’s top stock pick.
“I still think it's the number one stock”
Listen at 6:41
Cramer recommends buying Johnson & Johnson.
“I buy that one.”
Listen at 6:50
Caterpillar’s decline may create a buying opportunity.
“this might be a buying opportunity”
Listen at 7:04
Cramer likes IBM but will wait after its quarterly miss.
“I like IBM, but rules are rules.”
Listen at 7:13
Home Depot will not receive relief until interest rates decline.
“No relief to the despot until rates go down.”
Listen at 7:30
Higher interest rates threaten the stock market.
“My big fear right now is the impact of higher interest rates on the stock market.”
Listen at 7:48
Cramer recommends avoiding NextEra Energy.
“I really want to avoid it.”
Listen at 9:02
Cramer likes Medtronic but recommends buying gradually at lower prices.
“I like Medtronic, but I got to tell you, at 14 times earnings, I don't know what supports it. I buy a little and then wait a little more until it goes down.”
Listen at 9:36
McDonald’s AI voice-ordering system can save at least 50 labor hours weekly per location.
“Ultimately, it can free up at least 50 labor hours a week at each location.”
Listen at 16:16
McDonald’s can deploy its technology across tens of thousands of restaurants.
“McDonald's can spread its technology across tens of thousands of restaurants.”
Listen at 16:28
Cramer agrees McDonald’s turnaround plan is broader than investors appreciate.
“I think I side with management.”
Listen at 17:01
McDonald’s turnaround plan would be strong if targets are achieved.
“If they can hit those numbers, it's a great plan.”
Listen at 17:34
Cramer is inclined to buy McDonald’s at its current level.
“at this level, I am tempted to be a buyer, not a seller.”
Listen at 18:05
McDonald’s stock may be near a bottom.
“I think now the odds favor that a bottom could be at hand.”
Listen at 18:24
AI agents have dramatically increased internet traffic.
“the rise of AI agents has boosted that traffic dramatically.”
Listen at 19:52
Akamai’s post-announcement decline is a buying opportunity.
“Well, that feels like a buying opportunity to me.”
Listen at 23:04
Investors should wait for a market pullback before buying Cloudflare.
“I recommend waiting for a meaningful market-wide pullback.”
Listen at 24:24
Investors should wait for a lower entry point before buying Fastly.
“I urge you to wait for a lower entry point.”
Listen at 24:41
Cramer recommends buying Akamai immediately.
“I think you can buy that stock right here, right now”
Listen at 24:44
Cramer strongly likes Michael Intrader.
“I happen to like Michael Intrader very much.”
Listen at 26:08
Michael Intrader is currently losing substantial money.
“The stock does lose a lot of money.”
Listen at 26:16
Cramer recommends only a small CoreWeave position because of its balance sheet.
“I want a small position in Core Weave, not a big one, because it does have a balance sheet that I don't like.”
Listen at 26:22
Competition will pressure Axon’s gross margins.
“when there's competition, that means there's going to be gross margin pressure.”
Listen at 26:55
Cramer recommends pausing purchases of Axon.
“the answer is I'm taking a breather now on Axon.”
Listen at 27:00
Cramer is highly positive on CoreWeave.
“I feel terrific about CoreWeave.”
Listen at 27:03
Fermi’s business plan did not justify a $19 billion valuation.
“no business plan is worth $19 billion.”
Listen at 29:01
The market has reassessed long-shot nuclear-energy investments downward.
“I think the market's had a much-needed reality check over the past year or so when it comes to these long-shot nuclear energy plays.”
Listen at 33:08
Nuclear power is promising but technologically difficult.
“I am actually a big believer in nuclear power, but it's a very difficult technology.”
Listen at 33:16
Building a nuclear plant can take over a decade and requires enormous upfront costs.
“It can take over a decade to build a nuclear plant and the upfront cost is insane.”
Listen at 33:21
Nuclear investors should favor established industry participants.
“I say stick with the tried and true players in space.”
Listen at 33:31
Constellation Energy and Vistra appear inexpensive after declines.
“I think they're pretty cheap.”
Listen at 34:14
BWX Technologies may offer a buying opportunity.
“Could be a buying opportunity.”
Listen at 34:37
Sprouts Farmers Market is an attractive investment.
“I think Sprouts is a winner.”
Listen at 35:57
Cramer recommends Taiwan Semiconductor.
“I like Taiwan Semi.”
Listen at 36:49
Cramer favors Eli Lilly over Novo Nordisk for long-term upside.
“I still got to go with Lilly.”
Listen at 37:24
Cramer recommends holding NetApp.
“you want to hold that one.”
Listen at 38:18
Cramer recommends buying Kimberly-Clark.
“I think it's a buy.”
Listen at 38:56
Cramer plans to buy more Kimberly-Clark.
“I am going to buy more”
Listen at 39:04
Demand for Micron’s high-bandwidth-memory chips is exceptionally strong.
“Demand for the high bandwidth memory chips, the ones that belong in the data center, is insane.”
Listen at 40:28
Micron can secure multiyear customer agreements because its best chips are scarce.
“Now they can lock customers up for years because their best chips are so scarce.”
Listen at 40:54
Micron appears undervalued at roughly six times forward earnings.
“Given its newfound consistency, it's nuts that the stock still sells for it. Six times next year's earnings estimates? Weird.”
Listen at 42:47
Cramer recommends buying Micron’s post-earnings dip.
“Now, buy it. Buy this dip.”
Listen at 43:03
Micron’s severe cyclical boom-bust pattern has ended.
“The end of Micron's relentless boobin bus cycle has arrived at last.”
Listen at 43:18
Shorting Micron is dangerous because it may aggressively repurchase shares in December.
“If you want to short this thing, knowing that Micron will be able to buy back its own stock aggressively come December, I think you're digging your own grave.”
Listen at 43:28
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.