Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 9/18/24
Sep 18, 2024
Dive into the wild world of Wall Street as economic shifts reshape various sectors. Discover how recent rate cuts are energizing tech stocks, particularly those embracing AI. The podcast also explores how AI is revolutionizing industries like healthcare and education, while highlighting key players like NVIDIA and T-Mobile. As customers abandon cable for simpler broadband solutions, the effects on telecom are profound. Plus, innovative advancements in mobile technology and insights into stock performance offer a glimpse into the dynamic market landscape.
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Tech Stocks Ignore Fed Cuts
- Tech companies out West are largely impervious to interest rate cuts because their markets hinge on innovation, not consumer spending or mortgage rates.
- Lower rates benefit companies needing consumer demand, while tech thrives by improving enterprise efficiency regardless of the Fed's moves.
Invest According to Rate Cuts
- On big Fed rate cut days, invest in companies that desperately needed the cut rather than those already doing well.
- Focus on businesses helped by lower rates, not purely innovative tech firms that don't rely on consumer demand.
AMD CEO Envisions AI Revolution
- AMD's CEO Lisa Su believes AI will revolutionize lives and businesses over the next decade, making current experiences seem primitive.
- AMD targets high-performance computing and AI with annual product upgrades to capitalize on explosive growth in computing demand.