Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 12/15/25
Dec 16, 2025
Jim Cramer talks with Max Levchin, CEO of Affirm and co-founder of PayPal, who dives into Affirm's innovative approach to consumer lending. Levchin explains how their real-time data analysis leads to responsible credit limits and details Affirm's growth strategies, including exciting international expansions. He shares insights into holiday trends, highlighting strong travel spending and popular zero-percent loans. The conversation sheds light on the fintech landscape and the importance of transparency in lending.
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Users, Not Makers, Are Today’s Tech Winners
- Jim Cramer argues that the best "tech" stocks today are companies that use technology to cut costs and innovate, not the makers of tech.
- He highlights Procter & Gamble as a cheap, tech-empowered consumer play with strong R&D and dividend support.
Evaluate Amazon As Defensive Spending
- Consider Amazon as a spend-to-defend company with AWS driving most profits, not pure retail economics.
- Avoid overpaying for its future if you prefer companies that aggressively spend to win rather than merely defend market share.
AI Arms Race Forces Heavy Tech Spending
- Big tech firms are in an arms race on AI that forces huge capex and power investments, tightening margins.
- That pressure makes owning many tech names less appealing until spending stabilizes or clear winners emerge.