Sep 18, 2026 · 44 min
Listen from 1:24
Listen at 1:24
Cramer weighs retail investing, industrial AI and September risk
Mad Money w/ Jim Cramer 9/18/26
The episode connects market volatility and speculative trading with the larger questions AI raises for factories, infrastructure and financial platforms.
- 1Robinhood CEO Vladimir Tenev outlines a broader retail-investing platform spanning international stocks, credit, tokenization and prediction markets.
- 2Siemens CEO Roland Busch argues industrial AI and automation can reshape engineering, electrification, data centers and workforce needs.
- 3Cramer weighs September volatility, copper’s demand signal and the risks of backing companies that remain unprofitable.
Don't miss
Roland Busch explains how Siemens combines industrial operations with digital technologies and AI across engineering, automation, electrification and data centers.
The brief
Jim Cramer opens with September market risks and a quiet stretch that may not last, while defending continued ownership of Micron because its valuation remains low.
Robinhood CEO Vladimir Tenev describes a platform expanding beyond stock trading into international shares, credit cards, tokenization, prediction markets and Trump accounts.
The copper discussion turns on a central market tension: near-record prices may signal economic strength, or become expensive enough to weaken demand.
Siemens CEO Roland Busch makes the industrial case for AI, linking automation and engineering software to electrification, data centers, rail manufacturing and workforce change.
A San Francisco technology roundup shifts from opportunity to safeguards, emphasizing cybersecurity, identity, testing, governance and responsible engineering rather than halting AI development.
What was said on this episode
59 statements · 36 positive · 16 negative · 2 mixed · 5 neutral
The upcoming analyst meeting is likely to be important and positive.
“there's one incredibly important and I think positive analyst meeting”
Listen at 1:00
iPhone 18 provides approximately 36 hours of battery life per charge.
“This new phone gets something like 36 hours per charge before it runs out of juice.”
Listen at 1:24
The iPhone 18 is incremental, while Apple Duo could become revolutionary and indispensable.
“I think the 18 is incremental, but the duo is revolutionary, and it could become indispensable”
Listen at 2:23
Apple Duo could become indispensable to users.
“the duo is revolutionary, and it could become indispensable for all of you who are watching.”
Listen at 2:25
The Apple Duo reportedly has among the best reviews in Apple history.
“the reviews for the duo are said to be among the best in Apple's history”
Listen at 3:36
Wireless carriers heavily subsidize Apple’s new phones.
“These things are heavily subsidized by the wireless carriers”
Listen at 4:16
KB Home is likely to report another poor result.
“I think it's going to be one more lousy number from a home builder”
Listen at 6:17
Cintas and Paychex are expected to report strong earnings.
“Both are coming in earnings with a full head of steam.”
Listen at 6:54
Cramer does not recommend General Mills stock.
“What a red flag. I can't recommend it.”
Listen at 7:14
General Mills is not recommended because its high yield reflects business pressures.
“I can't recommend it.”
Listen at 7:15
Olive Garden is an exceptionally profitable business.
“Olive Garden's a gold mine.”
Listen at 7:23
Costco is struggling to retain younger members.
“They're having problems getting younger people to re-sign up for membership.”
Listen at 7:41
The market is oversold and may be due for a rebound.
“we are finally oversold. Yes, officially. Minus 5.6. And we may be due for a bounce.”
Listen at 8:02
Cramer recommends holding rather than selling Micron.
“No, Jason, I don't.”
Listen at 8:56
Micron should not be sold now.
“No, Jason, I don't. I don't.”
Listen at 8:56
Micron is inexpensive at roughly 13 times earnings.
“it sells at 13 times earnings, maybe six times that year's earnings. I care about PE multiples, and this is one incredibly cheap stock”
Listen at 9:00
Micron is very cheap and held in a large charitable-trust position.
“this is one incredibly cheap stock, which is why we have a giant position for it for the charitable trust.”
Listen at 9:05
Robinhood is expanding offerings in response to customer demand.
“there's a lot of things where, you know, obviously where customers are asking us for more trading assets, international stocks.”
Listen at 11:13
Greater ownership of quality financial assets makes society more stable.
“a society where more people own high quality financial assets is inherently a more stable society”
Listen at 12:27
Healthy markets require traders.
“markets don't work without traders. So you need traders.”
Listen at 13:03
Active traders are foundational to Robinhood’s business.
“active traders as a part of our business um it's really the engine room and the foundation of our business”
Listen at 13:11
More than $100 trillion in wealth is transferring to younger generations.
“Over $100 trillion in wealth is passing from older generations to younger.”
Listen at 15:59
Technology can make high-net-worth financial services accessible to tens of millions.
“with technology, we can... make the front door much bigger and open it up to tens of millions.”
Listen at 17:22
Sports will become a minority of prediction-market contracts within years.
“within a few years, sports will actually be in the minority”
Listen at 20:04
Sports will become a minority of prediction-market contracts within a few years.
“within a few years, sports will actually be in the minority.”
Listen at 20:04
Trump accounts could become the best philanthropic platform.
“I think this could be the best philanthropic platform out there.”
Listen at 21:52
Hyperscalers are replacing copper with faster, cheaper fiber-optic cable.
“the hyperscalers have started replacing copper with fiber optic cable, which is both faster and cheaper to use.”
Listen at 23:51
Copper’s overvaluation indicator has historically preceded declines.
“this indicator reaching overvalued levels has been a pretty darn bad sign.”
Listen at 24:50
Investors should not buy copper at current levels.
“I would not come in here and start buying this right now.”
Listen at 27:45
Copper prices are likely to decline.
“copper prices are poised to roll over.”
Listen at 28:28
Federal Reserve tightening creates downward pressure on copper prices.
“When the Fed is no longer your friend, the path of least resistance for copper is lower.”
Listen at 28:34
Cramer would sell copper, Freeport-McMoRan, or Southern Copper on Monday.
“If I were in copper and I saw that, or by the way, FCX or Southern, I guess I'd sell it on Monday.”
Listen at 28:40
Cramer would sell copper-related stocks on Monday.
“I guess I'd sell it on Monday.”
Listen at 28:44
AI is accelerating Siemens’ industrial strategy.
“AI is accelerating our strategy, and that's super exciting.”
Listen at 29:59
Siemens is well positioned to benefit from industrial AI.
“I believe this is a vff share to play here because we know the real world”
Listen at 30:19
Siemens can combine industrial operations with digital twins and AI.
“we can bring this together”
Listen at 30:31
Siemens technology automates roughly one-third of the world’s production lines.
“every third line in the world is automated by Siemens technology.”
Listen at 30:51
Siemens AI and engineering software shorten design cycles and improve outcomes.
“It shortens your cycle time and eventually gives you a better outcome faster.”
Listen at 32:41
Autonomous Siemens manufacturing sites will still require human workers.
“you lose some, that's clear. But even on the shop floor. when we are running, let me, autonomous manufacturing sites. That's what we are heading for. You will see still people working there.”
Listen at 33:19
Siemens’s AI-driven transformation will create new jobs.
“therefore, there will be new jobs.”
Listen at 33:40
AI-driven autonomous manufacturing will create new jobs at Siemens.
“there will be new jobs.”
Listen at 33:40
The United States is Siemens’ fastest-growing market.
“The American market is really the fastest growing market.”
Listen at 34:08
Amtrak is renewing its fleet with Siemens trains.
“Amtrak is renewing their fleet with our trains.”
Listen at 34:54
Higher interest rates are highly damaging to Rocket Mortgage.
“the rate hike is the worst thing for these guys”
Listen at 37:10
Higher interest rates are highly damaging to Rocket Mortgage.
“the rate hike is the worst thing for these guys.”
Listen at 37:10
Cramer does not recommend Rocket Mortgage stock.
“I cannot recommend this story.”
Listen at 37:19
The semiconductor stock is a modest speculation because it is unprofitable.
“I think it's a good spec, not a great one, because they're not making money.”
Listen at 37:43
Humanity will not die from hostile AI attacks by 2030.
“We're not going to die in 2030.”
Listen at 39:03
Humanity will not die from hostile AI attacks by 2030.
“We're not going to die in 2030.”
Listen at 39:03
AI will become useful, helpful, and safe through global safety efforts.
“we're going to create AI that's incredibly useful. It's going to be incredibly helpful and it'll be incredibly safe.”
Listen at 39:25
AI will become useful, helpful, and safe through guardrails and safety technology.
“we're going to create AI that's incredibly useful. It's going to be incredibly helpful and it'll be incredibly safe.”
Listen at 39:25
AI development is unlikely to slow down.
“I don't see how it's going to slow down.”
Listen at 40:47
AI development is unlikely to slow down.
“I don't see how it's going to slow down.”
Listen at 40:47
Collectively slowing AI development is unlikely to happen.
“the idea that we should be fearful of AI and we should wait and we should slow down, it's just antithetical to what's going to happen.”
Listen at 41:05
AI development will not collectively pause or slow because of safety concerns.
“the idea that we should be fearful of AI and we should wait and we should slow down, it's just antithetical to what's going to happen.”
Listen at 41:05
AI benefits can be achieved safely only through visibility and control.
“the only way to do that while also mitigating the risks is visibility and control.”
Listen at 41:30
AI safety should be addressed through engineering and rigorous product testing.
“Safety is an engineering problem. Testing is an engineering problem. We should create products and properly test them.”
Listen at 43:19
AI safety and testing should be handled as engineering problems.
“Safety is an engineering problem. Testing is an engineering problem.”
Listen at 43:19
Unsafe AI products should be withheld until adequately tested and engineered.
“if they're not ready to be released, just hold on to it and keep testing it and keep engineering until it's ready.”
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.
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