Sep 24, 2025 · 44 min
Cramer weighs market froth against the data-center power surge
Mad Money w/ Jim Cramer 9/24/25
The episode connects stock-picking discipline with a larger investment tension: extraordinary technology demand is intensifying pressure on the infrastructure that supports it.
- 1Cramer favors quality companies, long-term holding, and buying selectively when strong stocks pull back.
- 2Micron’s exceptional earnings did not prevent a selloff, underscoring the market’s high expectations for semiconductor growth.
- 3Data-center expansion is creating opportunities for timing, power, and grid-infrastructure companies while straining unreliable electricity systems.
Don't miss
Jeff Fichist explains how SiTime’s silicon resonators deliver smaller, lower-power precision timing across data centers and everyday devices.
The brief
Jim Cramer opens by warning that speculative stocks may be showing signs of froth after a market decline, while framing the show around education and long-term investing.
Generac becomes a case study in buying for durable demand: Cramer links its long-term prospects to unreliable power grids and the need for backup generation.
Micron delivered an exceptional quarter, yet its shares pulled back after rising ahead of earnings; Cramer treats the reaction as a reason to buy weakness, not abandon the thesis.
Calls on Coinbase, Hershey, and GE Vernova extend the same framework, with GE Vernova standing out for its role in supplying power infrastructure to data centers.
SiTime CEO Jeff Fichist explains how silicon-based precision timing, miniaturization, and low power consumption support applications spanning data centers, phones, cars, and wearables.
The closing data-center metaphor turns the episode’s stock discussion into an infrastructure warning: relentless computing growth is becoming a source of grid strain.
What was said on this episode
32 statements · 15 positive · 16 negative · 1 neutral
Many red-hot speculative stocks may be worth less than their current prices.
“I think it's time to figure out how many of these red-hot stocks have overshot what they might be worth, not just today, but at any point in the future.”
Listen at 0:55
Investor demand for speculative stocks indicates a serious market problem.
“if the lightning round's indicative of what people are buying, we've got a real problem.”
Listen at 3:20
Building a new U.S. nuclear plant could take a decade.
“It could take a decade to build a new nuclear plant in this country.”
Listen at 3:54
Energy Fuels may be overvalued after rising over 215% this year.
“I question if this stock should be up over 215% for the year.”
Listen at 3:57
Oklo is a promising nuclear-energy concept.
“I think Oklo's a great concept.”
Listen at 4:44
Oklo’s failed intraday momentum suggests weakness.
“the stock couldn't maintain its momentum. That's a bad sign.”
Listen at 4:55
AST SpaceMobile has substantial losses and almost no revenue.
“This is a company that's been losing money hand over a hit fist. Almost no revenue whatsoever.”
Listen at 5:08
“only six were profitable. That's ridiculous. More importantly, it is worrisome.”
Listen at 6:06
Investors seeking crypto exposure should buy crypto rather than crypto derivatives.
“if you want crypto, do not buy these. Go buy crypto. The best way to play crypto is with crypto.”
Listen at 6:42
Quantum-computing money losers currently have little beyond investor hope.
“right now, they don't have much going for them other than hope.”
Listen at 6:53
D-Wave’s business may take a long time to become successful.
“But again, it could be ages before the business starts to take off.”
Listen at 7:12
IREN’s stock has risen excessively after a 380% rally.
“its stock is rallied 380 percent too high.”
Listen at 7:53
Cramer is no longer confident about highly speculative stocks.
“I can no longer be so sanguine about these super speculative stocks that keep roaring around here.”
Listen at 8:35
Cramer will become more cautious about speculative stocks.
“I will be more circumspect in the future.”
Listen at 8:42
Some speculative stocks may expose investors to total investment losses.
“if I think something's too risky to speculate on, unless you're prepared to lose your entire investment.”
Listen at 8:44
The caller’s stock has fallen excessively after declining 50%.
“I think it has fallen too far. It's down 50 percent.”
Listen at 9:23
Generac is a strong long-term investment.
“I think the great that stock is a great long term own.”
Listen at 11:41
Micron’s stock can continue rising after its strong earnings.
“I think Micron can keep running.”
Listen at 19:58
Investors should buy Micron during future pullbacks.
“I just hope we get more pullbacks like this so that you can buy it on weakness.”
Listen at 19:59
Investors should own some gold as portfolio insurance.
“I'm always telling you to own some gold.”
Listen at 20:31
Investors should hold Coinbase long term rather than trade it.
“I think you just own Coinbase. Don't trade it. Not for a long time, but right now.”
Listen at 28:05
Hershey’s strong earnings performance can continue.
“I think that can continue.”
Listen at 28:49
GE Vernova supplies natural-gas turbines needed by data centers.
“GE Verona is a company that makes the natural gas turbines that are needed for so much, including the data center.”
Listen at 29:06
SiTime is volatile but should not be avoided given its performance.
“it is volatile, but that doesn't mean that it should be avoided. It's been a remarkable performer.”
Listen at 31:22
Investors should prefer NVIDIA over Taiwan Semiconductor.
“I'd rather see you be NVIDIA and Taiwan Semi.”
Listen at 37:57
Honeywell investors should consider buying more near $202–$204.
“probably looking at 202, 204 to buy more. Not before then.”
Listen at 38:44
Western Digital may fall to approximately $100 soon.
“I bet you can buy that stock at $100 not that long from now.”
Listen at 39:20
Investors should hold Watts Water Technologies for the long term.
“The answer is yes. I think that this is a company that is exactly the kind of thing that you don't want to trade it. You want to own it. It's just a great American manufacturer. Stay long.”
Listen at 40:03
Data-center spending will probably continue eclipsing other economic investment.
“I think that will probably continue to be the case because I don't see the buildup stopping anytime soon.”
Listen at 41:37
Self-funded data-center spending reduces the chance of an AI investment bubble.
“as long as the data center spending is self-funded, not related to debt, we got a solid chance to avoid a bubble.”
Listen at 42:19
NVIDIA’s OpenAI investment could produce a company worth $1 trillion or more at IPO.
“I think NVIDIA is making a very smart investment in open AI, which could end up being worth a trillion dollars when it comes public.”
Listen at 42:50
OpenAI’s reliance on non-cash funding would create substantially higher risk.
“Once we jump that, and I feel we're in danger of doing that with open AI, even as it is doing incredibly well, then we are in a much higher risk situation.”
Listen at 43:17
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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