Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 9/3/25
7 snips
Sep 3, 2025 
Tony Spring, the dynamic Chairman and CEO of Macy's, shares insights into the company's impressive stock surge, crediting innovative retail strategies and enhanced customer experiences. Mark Benioff, Co-founder and CEO of Salesforce, dives into the company’s adaptation to AI advancements, detailing their impressive earnings amidst a shifting landscape of customer engagement. Together, they tackle current market dynamics, tech giants’ influence, and the evolving retail sector, offering valuable perspectives on navigating investments in today’s economy.
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Concentration Can Be Lucrative
- Jim Cramer argues concentration in a few mega-cap tech stocks has been lucrative, not fatal, over 12 years.
- He admits selling Alphabet too soon was a mistake after antitrust fears reversed and the stock rallied.
Selling Alphabet Mistake
- Jim recounts selling Alphabet for his trust in 2024 due to antitrust fears and missing a later 9% rally.
- He calls his decision foolish in retrospect and laments leaving '50 points on the table.'
Apple Gains AI Leverage
- The court ruling preserved Google's payments to Apple, flipping the narrative for Apple as a potential AI gatekeeper.
- Cramer sees Apple gaining leverage to be paid by AI firms to be default provider on devices.