Aug 25, 2026 · 44 min
Cramer weighs NVIDIA’s stakes against retail and data-center risks
Mad Money w/ Jim Cramer 8/25/26
The episode connects NVIDIA’s market influence, fragile retail sentiment, contained oil prices, and speculative data-center expansion to a broader question of investment discipline.
- 1NVIDIA remains a central market battleground ahead of its upcoming report.
- 2Retail weakness puts Under Armour, BJ’s Wholesale, and Dick’s Sporting Goods under different forms of scrutiny.
- 3Cramer warns that speculative data-center construction could face tougher regulation and financial pressure.
Don't miss
Cramer argues that speculative data-center builders could face regulatory and financial pressure as states demand greater discipline.
The brief
NVIDIA’s upcoming report dominates the opening as Cramer frames the company as a market battleground, with investors watching whether its influence can support broader gains.
Retail stocks present a more uneven picture: Under Armour faces sportswear weakness, BJ’s is weighed against Costco, and Dick’s absorbs its worst-ever trading day after disappointing results.
Oil remains in the $80s despite tensions involving Iran, prompting a closer look at why geopolitical risk has not produced the price surge many investors expected.
The interview with Intuit CEO Sasan Goodarzi covers growth plans, TurboTax pricing, assisted tax services, Credit Karma, and the decision to report Mailchimp separately.
Cramer’s sharpest warning targets speculative data-center construction, where tougher state regulation and financing pressure could punish builders that expanded without enough discipline.
What was said on this episode
28 statements · 16 positive · 8 negative · 2 mixed · 2 neutral
Investors should own NVIDIA rather than trade it.
“for years my mantra has been own it, don't trade it, and I haven't changed my tune at all”
Listen at 1:34
AI investors should choose NVIDIA as the leading chip provider.
“if you're going to be part of the AI revolution, you got to go with the best”
Listen at 1:57
NVIDIA’s stock will fall if bearish concerns prove correct.
“if the bears are right, the stock will tumble regardless of what it reports them on”
Listen at 3:02
NVIDIA’s investments help AI companies experiment and improve manufacturing.
“NVIDIA gives them a chance to experiment, manufacture the wares better.”
Listen at 3:31
NVIDIA occupies a central position in the AI ecosystem.
“NVIDIA is the sun in what seems like an endless AI solar system.”
Listen at 3:35
NVIDIA’s investment strategy is not anti-competitive.
“It's not like they're doing anything anti-competitive.”
Listen at 3:48
Under Armour is not ready to recover while major sportswear peers struggle.
“Under Armour is such a tough thing, and I'm a big fan of Kevin Plank, but frankly, they're not ready.”
Listen at 7:37
BJ’s Wholesale is good, though Cramer prefers Costco.
“BJ's is real good. I'm a Costco guy.”
Listen at 8:10
Cramer remains confident in Dick’s Sporting Goods.
“I believe in Dick's Sporting Goods.”
Listen at 15:00
Dick’s lowered expectations should be beatable.
“the expectations have now been totally reset, and thus they should be beatable.”
Listen at 15:08
The athletic-goods inventory glut will likely clear by next year.
“the industry-wide inventory glut that ruined this quarter, it's likely to be clear by the time next year's rolls around”
Listen at 15:13
Investors may want to buy Dick’s Sporting Goods over coming months.
“you might want to be a buyer over the next couple of months”
Listen at 15:59
Oil’s overall direction is bearish because more supply is crossing the strait than reported.
“the general direction is bearish because more oil is sneaking through the straight of her moves than we think.”
Listen at 22:00
Oil could ultimately fall into the $60s or even $40s.
“Are you ready, Ski Daddy, for this to come down ultimately to the 60s or even the 40s?”
Listen at 22:38
Oil at $40 would cause bond prices to rise and interest rates to fall.
“If oil goes to the 40s, you're going to see a big spike in bond prices and lower interest rates.”
Listen at 23:19
Investors should trim Generac near $290 and buy incrementally lower.
“Trim to 290, buy a little here, then wait like 25 more points just in case the data center purer gets even more heated.”
Listen at 25:27
SpaceX is suitable for long-term ownership and inheritance.
“Long-term view says, yeah, put it away. Give it to your kids.”
Listen at 34:56
Investors should sell half their ServiceNow position and hold the remainder.
“I want you to sell half and then let the rest run.”
Listen at 35:36
Investors should avoid First Solar.
“my answer is stay away from it.”
Listen at 36:21
United Rentals is a winner among construction-rental companies.
“The only one I wanted to say is that URI is a winner.”
Listen at 37:11
Investors should not own Super Micro Computer.
“I don't want to own Supermicro.”
Listen at 38:17
Cramer views Netflix favorably.
“I happen to like Netflix.”
Listen at 39:47
Reddit is an attractive buy at $166.
“I think Reddit is such a buy at 166. It's ridiculous.”
Listen at 39:50
Speculative data-center builders will struggle under tougher regulations.
“it looks like the companies that are building these things on spec will wither on the vine.”
Listen at 40:43
Data-center builders can no longer rely on incentives.
“The era where data center builders can get incentives. That's over.”
Listen at 41:28
Data-center developers should provide free electricity to nearby residents.
“Electric bills. Everyone within a certain radius gets electricity for free. Full stop.”
Listen at 42:18
Data centers can use non-water cooling alternatives, though water is cheaper.
“Data centers don't even need to use water for cooling. It's just cheaper than the alternatives.”
Listen at 42:31
Hyperscalers can relocate data-center construction to Querétaro, Mexico.
“you can always take your bat and ball and go to Coretaro in Mexico”
Listen at 43:00
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.