I like data centers so much that I wish I lived in one, says Jim Cramer

MAD MONEY STARTS RIGHT NOW. >> MY MISSION IS. SIMPLE TO MAKE YOU MONEY. I'M HERE TO LEVEL THE PLAYING FIELD FOR ALL INVESTORS. THERE'S ALWAYS A BULL MARKET SOMEWHERE AND I PROMISE TO HELP YOU FIND IT. MAD MONEY STARTS NOW. HEY I'M CRAMER, WELCOME TO MAD MONEY. WELCOME TO CRAMERICA. OTHER PEOPLE MAKE FRIENDS. I'M JUST TRYING TO MAKE YOU A LITTLE BIT OF MONEY HERE. MY JOB IS NOT JUST TO ENTERTAIN BUT TO TEACH YOU. SO CALL ME AT ONE 800 743 CNBC OR TWEET ME AT JIM CRAMER. HOLY COW PEOPLE, I AM NOT ANTI-TECH. I AM NOT A LUDDITE. I LIKE DATA CENTERS SO MUCH. I WISH I LIVED IN ONE, AND I DID SLEEP NEXT TO A NUCLEAR POWER PLANT DURING THE RATHER IGNOMINIOUS TIME I LIVED OUT OF MY CAR. NO POLICE OFFICER HAS EVER ROUSTED SOMEONE SLEEPING IN A 1978 FORD FAIRMONT IN THE PARKING LOT NEXT TO SOME LONG SHUTTERED SACRAMENTO NUKE FACILITY. YET ON A DAY LIKE TODAY, WHERE THE DOW GAINED 385 POINTS AS WE CLIMBED 0.89%, BUT THE NASDAQ JUMPED 1.29%. PEOPLE ARE TALKING ABOUT ME LIKE I'M RUNNING AROUND HERE WITH MY HAIR ON FIRE, TRYING TO GET YOU OUT OF THE BIGGEST WINNERS OF ALL TIME THE MEMORY STOCKS, THE DRAMS, AND THE GLORIOUS HIGH BANDWIDTH PLAYS LIKE MICRON AND SK HIGH JINKS. THAT'S MY NICKNAME FOR SK HYNIX, BECAUSE THIS MONSTER FROM KOREA THAT NOW TRADES HERE HAS OUR TRADING AND OFTEN DETERMINES HOW OUR CHIP STOCKS ARE GOING TO END UP. YES, THE ADDITION OF THAT STOCK IN THE NASDAQ 100, WHICH SHOULD HAPPEN SOON. PLUS THE INCLUSION OF SPACEX HAS ADDED A TON OF VOLATILITY, SOMETHING I DON'T THINK YOU TRULY APPRECIATE. OH, AND I WISH I HAD SOME HAIR TO CATCH ON FIRE, BUT THAT'S OLD NEWS. SOME OF YOU HAVE COMPLAINED TO ME THAT I'VE KEPT YOU OUT OF SANDISK, WHICH IS UP 570% YEAR TO DATE. MICRON UP 240% AT 220%, DELL UP 2,221% AND WESTERN DIGITAL UP 218%. I DON'T KNOW HOW THAT'S POSSIBLE. I'VE LIKED MICRON FOR AGES, AND IF YOU ASK MICHAEL DELL, WHO'S THE MOST POSITIVE PERSON IN THE MEDIA TOWARD HIS AMAZING COMPANY, I BET HE'D SAY JIM CRAMER. SO I'M NOT ANTI TECH, BUT I DO LIKE DIVERSIFICATION. WE'VE HAD SOME SICKENING DAYS OF LATE WHERE ALL THESE STOCKS THAT I JUST MENTIONED GOT CLOBBERED. I STARTED THIS SHOW IN 2005, DETERMINED TO KEEP PEOPLE IN THE MARKET AND NOT GET BLOWN OUT. MANY OF YOU FORGET THAT A WHOLE GENERATION OF INVESTORS WAS WIPED OUT BY BETTING ON THE INTERNET. ANOTHER WHOLE COHORT WAS DESTROYED, JUST DESTROYED BY THE GREAT RECESSION BECAUSE THEY OWN TOO MANY STOCKS THAT WERE CONNECTED TO FINANCE. THEY JUST DIDN'T KNOW IT. THESE TWO EVENTS ARE THE REASONS WHY WE ALL DEFAULTED TO INDEX FUNDS. GOING FOR AVERAGE BECAUSE AVERAGE WAS PER SE DIVERSIFIED. NOW I RUN AN INVESTING CLUB AND I WROTE A BOOK CALLED HOW TO MAKE MONEY IN ANY MARKET, BOTH STANFORD PICKING SOME INDIVIDUAL STOCKS, BUT ONLY AFTER YOU'VE BUILT UP A COMFORTABLE POSITION. S&P 500 INDEX FUND. MOST OF THE SO-CALLED SMARTEST INVESTORS HAVE SPENT NO TIME STUDYING WHAT HAPPENS TO YOUR PORTFOLIO IF YOU BUY AN INDEX FUND AND MARRY IT WITH SOME OF THE GREATEST STOCKS OF ALL TIME. THEY HATE IT. WHEN YOU BUY INDIVIDUAL STOCKS. THEY WANT YOUR MONEY SO THAT THEY CAN PICK THEM FOR YOU. I HATE THEIR DISDAIN FOR YOUR STOCK PICKING ABILITIES. IT IS CONDESCENDING. IT IS PETTY, IT IS ARROGANT. BUT I DO WANT YOU TO KNOW ALL THE RISKS INCLUDED IN CONCENTRATION RISK, WHICH IS ONE OF MY BIGGEST WORRIES WHEN IT COMES TO THIS GROUP. IN THE END, I LIKE TECH, BUT I LIKE IT IN A LOT OF DIFFERENT PLACES. IF YOU THINK JOHNSON AND JOHNSON IS ABOUT BAND-AIDS, YOU DON'T KNOW THE COMPANY THEY SOLD THAT BUSINESS. J&J IS A COMPANY WITH A TRIPLE A BALANCE SHEET THAT INVENTS NEW LIFE SAVING DRUGS. PRACTICALLY EVERY MONTH. LATER IN THIS SHOW, YOU'RE GOING TO HEAR FROM 3M BILL BROWN. HIS COMPANY, WHICH USED TO BE A TREMENDOUS INNOVATOR, IS NOW BACK, LIKE THE OLD 3M, WITH SCORES OF NEW PRODUCTS IN ALL SORTS OF INDUSTRIES, INCLUDING DATA CENTERS, IT COULD HAVE A MULTIYEAR MOVE USING ITS INDUSTRIAL SCIENTIFIC SAVVY. HEY, HOW ABOUT CVS, THE ONLY REAL DRUGSTORE LEFT IN THIS COUNTRY THAT ALSO PROVIDES HEALTH INSURANCE THROUGH AETNA? WE'RE IN TWO DIFFERENT WAYS. OR IF YOU CONSIDER THE TECH THAT GOES INTO RUNNING A BANK LIKE GOLDMAN SACHS OR WELLS FARGO OR B, AND WHY AND HOW YOU'RE BUYING THESE STOCKS EVALUATIONS THAT ARE RADICALLY LOWER THAN ALMOST ALL OF TECH ROBIN VINCE CEO OF CHAIRMAN OF B AND WHY I JUST INTRODUCED YOU LAST WEEK. HE JUST JOINED THIS EVENING, THE BOARD OF OPENAI AND OPENAI FOUNDATION BANK TECH MEETS AI TECH. HAPPY. IT JUST DOESN'T MAKE SENSE TO ME WHY YOU CAN'T DIVERSIFY INTO THESE OTHER STOCKS AND SECTORS AND MAKE MONEY, SOMETHING WE'VE DONE WITH MY CHARITABLE TRUST, WHERE WE'VE GIVEN OUT ALMOST $5 MILLION IN GAINS BY BEING DIVERSIFIED THROUGH THICK AND THIN FOR MORE THAN TWO DECADES. I DON'T WANT YOU GETTING BLOWN OUT BECAUSE YOU OWN NOTHING BUT SEMIS AND THE GROUP HAS A BAD DAY. I FEAR YOU WILL TAKE YOUR LICKS AND MOVE ON TO ANOTHER FORM OF INVESTING LIKE CASH. ESPECIALLY THOSE OF YOU WHO ARE ON MARGIN. I CERTAINLY DON'T REBEL AT OWNING TECH. HEY, MY CHARITABLE TRUST LARGEST POSITIONS ARE APPLE AND NVIDIA, FOR HEAVEN'S SAKE. SURE, THESE HAVEN'T KEPT UP WITH SANDISK OR WESTERN DIGITAL LATELY, BUT THEY ARE UNIQUE, EXCELLENT COMPANIES THAT ARE MAKING FORTUNES. APPLE STOCK HAS ADVANCED. NVIDIA STOCK STUCK FOR THE MOMENT. SOME OF. THAT'S BECAUSE IT DOESN'T SELL ENOUGH IN CHINA. I THINK IT'S BECAUSE NVIDIA'S CLIENTS ARE SO ANXIOUS TO BOTH PRAISE IT AND WORK AGAINST IT, AND THE MEDIA LOVES TO REPORT IT. WHENEVER A CUSTOMER TRIES TO DESIGN THEIR OWN CHIPS AWAY FROM NVIDIA. BUT IT'S REALLY CHEAP. AND ARGUABLY NVIDIA, I THINK IT'S THE BEST RUN COMPANY IN THE WORLD. LIKE I ALWAYS SAY, YOU SHOULD OWN APPLE AND NVIDIA AND NOT TRADE THEM. I THINK APPLE'S BRAND WILL ALLOW IT TO PASS THE HIGHER COST OF MEMORY ON TO TELCO CARRIERS, WHILE THEY ALSO GET THE BENEFIT OF ALPHABET'S AI SPENDING. NVIDIA. MY POSITION ON THIS ONE HAS BECOME CONTROVERSIAL. I WANT NVIDIA TO BE THE CHIP OF CHOICE FOR CHINA SO THAT THE CHINESE WOULD WRITE ON OUR TECH. THAT WAS A CONTROVERSIAL POSITION. IT WOULDN'T BE USED BY THE CHINESE MILITARY BECAUSE THEY DON'T WANT TO BE DEPENDENT ON AMERICAN CHIPMAKER ANYWAY. BUT ONCE NVIDIA STARTED TO RUN AGAINST A BRICK WALL IN CHINA, I DIDN'T WANT MORE AMERICAN COMPANIES TO GIVE AWAY TRADE SECRETS TO THE CHINESE IN ORDER TO BE ABLE TO GET CHEAPER. AI, HEY, WHY DON'T YOU GO LOOK AT THE CASE MICRON BROUGHT IN 2017 AGAINST THE CHINESE ENTITY THAT STOLE SO MUCH MICRON INTELLECTUAL PROPERTY. THE CASE BECAME A CRIMINAL INVESTIGATION BY THE JUSTICE DEPARTMENT, ONE THAT THE CHINESE COMPANY PLED GUILTY TO. I'M NOT MAKING THIS STUFF UP. I RESPECT NVIDIA SO MUCH. I'M WILLING TO LISTEN TO REASON, BUT NOT IF NATIONAL SECURITY IS AT STAKE. BY ALLOWING CHINA TO HAVE SECRET ACCESS TO SO MUCH DATA FROM SO MANY OF OUR DIFFERENT COMPANIES, I DON'T THINK THAT'S SMART. SO HERE'S MY ADVICE. IF YOU WANT TO GO OWN A MEMORY CHIP MAKER, I LIKE MICRON. IF YOU WANT GPUS, TO ME, THAT'S AMD OR NVIDIA. IF YOU WANT CPUS, THAT'S INTEL RACKS. CALL IT DELL OPTICS MAKE IT CORNING. WE ALWAYS FORGET THAT WHEN YOU GET A BIG POP IN SEMIS, THAT'S A GOOD TIME TO REPOSITION. BUT I NEED YOU TO RECOGNIZE THAT AS MUCH AS I LIKE MICRON OR NVIDIA OR APPLE, CONSIDER HOW YOU'RE DOING IN SOFTWARE SAY RIGHT. NOT THAT. WELL, ALSO CONSIDER IF YOU BOUGHT MICRON AT 1200 AT ITS HIGH, NOW IT'S AT 970. HOW ABOUT IF YOU BOUGHT WESTERN DIGITAL'S 799 AT 548? WHEN YOU LOOK AT IT LIKE THAT, THESE STOCKS ARE DOWN SO MUCH THAT IF YOU BOUGHT THEM ON BORROWED MONEY, WELL, YOU'RE NOT WATCHING THIS SHOW, YOU'RE GONE. I DON'T KNOW WHAT YOU'RE LOOKING AT. I DON'T KNOW, MAYBE THE I DON'T KNOW WHAT YOU'RE LOOKING AT. THAT'S UP TO YOU. OKAY. SO BE AWARE THAT AS SOMEONE WHO HAS WORKED IN MARGIN. THAT'S RIGHT. WORKED IN MARGIN AT GOLDMAN SACHS. DO YOU KNOW I'VE TAKEN SOMEONE'S KEYS AFTER A BIG BLOWOUT IN TECHNOLOGY? SEND ME WHAT YOU HAVE. THEY GIVE ME THE KEYS. AS A HEDGE FUND MANAGER, I MOVED INTO A TECH BROKERAGE HOUSE OFFICE AFTER IT WAS CLEANED OUT BECAUSE IT COULDN'T MEET ITS MARGIN REQUIREMENTS. I'VE SEEN SO MANY PEOPLE NEVER, EVER COME BACK HERE BECAUSE OF 330 DOT COMS THAT GOT BLOWN OUT IN 2000. SO, I MEAN, WHAT DO YOU THINK? I, I KNOW MY ANKLE I JUST HAD HERE, THIS IS I'M TRYING TO GET BETTER. I GOT A BIG WEDDING THIS WEEKEND WITH MY SON, MY STEPSON, JUST TRYING TO DO A GOOD JOB, YOU KNOW, WHAT CAN YOU DO ANYWAY? THE BOTTOM LINE, EVERY ONE OF THE PEOPLE WHO WERE IN THESE MARGIN SITUATIONS, DO YOU KNOW THAT THEY'RE RICH AND BRILLIANT BEFORE THEY BECAME POOR AND STUPID? THAT'S WHERE I'M COMING FROM. AND NOT ONLY DO I NOT APOLOGIZE FOR MY STANCE, I KNOW I'LL LOSE YOU AS A VIEWER IN A CLUB MEMBER SOMETIME IN THE NEXT YEAR. IF I DON'T MAKE YOU TAKE THE KNEE FOR DIVERSIFICATION MORE SERIOUSLY. OH. THAT'S THE RIGHT ONE. RANDY. RANDY IN MICHIGAN. RANDY. >> HEY, THANKS JIM FOR ALL YOU DO. I REALLY I RELIGIOUSLY FOLLOW YOUR STRATEGY FOR ONE SPECULATIVE SPECULATIVE STOCK IN MY PORTFOLIO. I PURCHASED A STOCK FOR 34 AFTER THE IPO IN APRIL AND ATTENDED THE EARNINGS CALL IN MAY. AND THE STOCK I'M CALLING ABOUT IS A VIX. >> YEAH. DEFENSE TECHNOLOGY. PEOPLE HAVE TURNED AGAINST DEFENSE BECAUSE THEY THINK THE BUDGET IS GOING TO BE A REAL PROBLEM FOR THEM. I'M NOT GOING TO DISAGREE WITH THAT. I'VE BEEN LOOKING AT ALL THESE DEFENSE STOCKS. THEY'RE NOT THEY DON'T SEEM TO BE COMING BACK. AS LONG AS WE'RE SPENDING SO MUCH MONEY IN IRAN OR AT LEAST TRYING TO TAKE OUT IRAN, THAT'S WHAT THE PLAN IS. LET'S GO TO TIMOTHY IN NORTH CAROLINA. TIMOTHY. >> HELLO. JIM BITFINEX WITH THEM INTEGRATING EXPRESS TO THE GROUND. HOW DO YOU SEE THEIR GROWTH POTENTIAL OVER THE NEXT FIVE YEARS COMING AGAIN? >> I'VE BEEN FLUMMOXED BY FEDEX. IT'S BEEN IT WAS DOWN SIX YESTERDAY. IT'S UP NINE TODAY. I THINK THAT ROGER SUBRAMANIAN IS KILLING IT. I THINK THAT YOU WANT TO OWN FEDEX INTO THE HOLIDAY SEASON. FEDEX FREIGHT I THINK IS THE SPINOFF I THINK IS TERRIFIC. I KEPT THEM BOTH FOR THE TRAVEL TRUST. I USUALLY GET RID OF ONE. I DID NOT DO THAT. I THINK FEDEX FREIGHT HAS A GREAT ADVANTAGE. THEY'RE GOING TO BE ABLE TO TAKE OUT COSTS AND BE MUCH MORE FOCUSED. SO THERE YOU ARE. TECH. I DON'T KNOW, I TECH I DON'T KNOW. ALL RIGHT. ANYWAY, DIVERSIFICATION IS ALWAYS IMPORTANT. BUT I'M POUNDING THE TABLE ON IT RIGHT NOW ESPECIALLY. I CAN'T BELIEVE I HAVE TO DEFEND MYSELF FOR DIVERSIFICATION. AFTER ALL WE'VE BEEN THROUGH ON MAD MONEY TONIGHT. KIMBERLY CLARK IS BUYING CAN VIEW. SO HOW DOES THIS POSITION THE CPG COMPANY FOR MORE SUCCESS? I'M TAKING A LOOK AT THE STEADY EDDIE DIVIDEND PAYER AND GIVE YOU MY TAKE. YOU PROBABLY HATE IT BECAUSE IT'S STEADY AND PAYS A DIVIDEND ANYWAY. THE CREDIT CARD COMPANIES HAVE BEEN HOLDING UP WELL LATELY, BUT WHAT DOES THAT HOLD FOR THE FUTURE? I'M GOING OFF THE CHARTS IN 3M JUST REPORTED A FABULOUS QUARTER THAT SENT THE STOCK UP NICELY. I'M SITTING DOWN WITH THE COMPANY'S BANKABLE CEO TO FIND OUT MORE ABOUT THE QUARTER AND THE PATH GOING FORWARD. SO I WANT YOU TO STAY WITH THE DIVERSIFIED CRAMER. >> DON'T MISS A SECOND OF MAD MONEY. FOLLOW JIMCRAMER ON X. HAVE A QUESTION. TWEET CRAMER HASHTAG MAD MENTIONS. SEND JIM AN EMAIL TO MADMONEY@CNBC.COM. OR GIVE US A CALL AT ONE 800 743 CNBC. MISS SOMETHING. HEAD TO