Mar 26, 2026 · 44 min
Cramer weighs AI disruption against a difficult market
Mad Money w/ Jim Cramer 3/26/26
The episode tests whether strong businesses can withstand macroeconomic pressure while AI creates new opportunities and threats across industries.
- 1CrowdStrike frames AI as a growing cybersecurity demand driver, supported by proprietary data, compliance needs, and specialized expertise.
- 2Lemonade argues that digital insurance can win first-time buyers through faster purchasing, claims handling, and fraud controls.
- 3Cramer favors disciplined buying and patience as weak economic conditions pressure even high-quality companies.
Don't miss
George Kurtz explains why AI could expand CrowdStrike’s cybersecurity opportunity rather than simply threaten the category.
The brief
Cramer opens against a difficult market backdrop, arguing that Medtronic remains attractively valued despite a caller’s decision to average down.
CrowdStrike CEO George Kurtz presents AI as both a threat and a demand engine for cybersecurity, with compliance, proprietary data, and specialized expertise creating defensibility.
Lemonade CEO Daniel Schreiber describes a digital insurance model built around first-time buyers, streamlined claims, and fraud controls while confronting competition from major AI companies.
Chewy’s rebound and Dollar General’s expansion illustrate Cramer’s preference for improving business fundamentals over panic, while the Lightning Round favors established energy names over speculative miners.
The episode’s broader warning is that macroeconomic weakness can weigh on quality companies such as Paychex and Generac, making selectivity and patience essential.
What was said on this episode
39 statements · 29 positive · 7 negative · 1 mixed · 2 neutral
Markets may continue declining unless Iran capitulates.
“barring an unlikely act of capitulation by Iran, we're not going anywhere except maybe down.”
Listen at 2:07
Nvidia’s business can function regardless of developments involving Iran.
“NVIDIA, on the other hand, works regardless of what's happening with Iran. At least their business does.”
Listen at 4:51
The technology industry needs hundreds of thousands of Nvidia chips to meet demand.
“They need more NVIDIA. They need hundreds of thousands of NVIDIA chips to meet the demand.”
Listen at 5:36
Investors should buy Nvidia during its decline.
“That's a buy NVIDIA right into the teeth of this decline.”
Listen at 6:21
Cramer currently prefers the Chem 7 over buying Nvidia tomorrow.
“I'd take the Chem 7 right now over buying NVIDIA tomorrow.”
Listen at 7:27
Cramer will continue considering Nvidia after the chemical trade ends.
“I won't be done with NVIDIA.”
Listen at 7:35
Cramer recommends waiting before buying Nvidia.
“All things equal, I'd wait on NVIDIA.”
Listen at 7:56
Medtronic is inexpensive at fifteen times earnings.
“By the way, it's 15 times earnings. That's very inexpensive.”
Listen at 9:05
Cramer recommends buying more Medtronic shares.
“I would buy more, Tony.”
Listen at 9:08
Cybersecurity protection is the most important concern for Fortune 100 companies.
“there's no more important topic than cybersecurity and the protection of the agentic world”
Listen at 11:58
The security market currently has strong long-term growth support.
“there is a long and large tailwind in the security market right now.”
Listen at 13:37
Companies treating security as a sideline cannot match CrowdStrike’s expertise.
“you're never going to be as good as a company like CrowdStrike.”
Listen at 14:55
The security industry has strong future prospects.
“that's why I think the security industry has got a fantastic future ahead of it.”
Listen at 15:33
Security companies need proprietary data to train effective models.
“you have to be a net data creator and you have to have the proprietary data that allows you to train these models”
Listen at 16:05
CrowdStrike reported strong performance across all business areas.
“Records up and down, tailwinds across every part of our business.”
Listen at 16:37
AI can automate an attack sequence capable of taking down an entire company.
“one prompt can take down an entire company because you can automate the entire attack sequence”
Listen at 17:48
CrowdStrike’s AgentWorks could transform the security industry.
“I think this certainly will be a game changer for the industry.”
Listen at 19:04
Chewy is valued at its lowest level ever.
“it's the cheapest it's ever been.”
Listen at 26:15
Investors have a strong opportunity to buy Chewy shares.
“I think you're getting a great chance to do some buying”
Listen at 26:17
Chewy’s business trajectory remains on track.
“Chewy's story remains firmly on track.”
Listen at 26:21
Chewy’s recent rise may begin a longer, larger rally.
“I bet yesterday's move is merely the beginning of a longer and larger rally.”
Listen at 26:23
Cramer endorses Dollar General as an investment.
“I say yes to Dollar General.”
Listen at 28:06
Lemonade is the leading brand among first-time insurance buyers in many states.
“among first-time buyers of insurance, we may be the number one brand in many states today we are.”
Listen at 30:26
Lemonade has experienced nine consecutive quarters of accelerating growth.
“We've had nine quarters of successive acceleration of our growth.”
Listen at 31:45
Most Lemonade customers can receive claims payments without human interaction.
“for the majority of our customers, they will never have to interact with a person. They'll get their claim paid pretty much instantly.”
Listen at 32:50
Human interaction is inferior to AI for insurance fraud detection.
“The human interaction is not better at fraud detection. It's actually inferior.”
Listen at 33:58
Lemonade is cash-flow positive and expects EBITDA positivity later this year.
“we've become cash flow positive. We'll become EBITDA positive later this year.”
Listen at 35:35
Lemonade may be a stock to buy during market sell-offs.
“this may be the kind of stock you buy in one of these sell-offs.”
Listen at 35:43
Chevron can provide a terrific return compared with the unnamed Canadian producer.
“you could get the same, you get a terrific return, not the same, terrific return, owning a Chevron.”
Listen at 37:11
Investors should take some Tower Semiconductor profits after its sharp rise.
“I would take a little off just because it's had a parabolic move in the last few weeks.”
Listen at 37:45
Cramer wants to buy Reddit despite its lawsuit-related decline.
“I want to buy Reddit right here.”
Listen at 38:07
Reddit’s lawsuits will be overturned, and Cramer plans to defend the stock.
“Reddit, these cases are going to be overturned, and I'm really going to come at heart”
Listen at 38:13
Cramer will not recommend Vancouver mining companies.
“You're never going to see me recommend a Vancouver miner.”
Listen at 38:42
Cramer prefers Cheniere Energy over Expand Energy.
“I like Chenier more than EXE.”
Listen at 39:16
Cramer considers the current macroeconomic pressure excessive.
“I think the macro morass is absurd.”
Listen at 41:17
Paychex should be a great stock given its underlying business quality.
“This should be a great stock to match the great underlying company.”
Listen at 41:19
Cramer currently advises against buying Paychex.
“I hit the don't buy button.”
Listen at 41:26
Generac is a strong business because customers are placing orders proactively.
“Great businesses are ones where a company's salespeople are simply taking orders. That's Generac.”
Listen at 42:10
Ending the war and lowering interest rates are needed to change macroeconomic pressure.
“Only the end of the war and lower interest rates will change the macro harass.”
Listen at 43:01
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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