Mad Money w/ Jim Cramer cover image

Mad Money w/ Jim Cramer

Mad Money w/ Jim Cramer 10/14/24

Oct 14, 2024
Sanjay Marotra, President and CEO of Micron Technology, dives into the booming semiconductor industry amid AI's rise. He celebrates his company's 15 years on NASDAQ, highlighting innovations in memory technologies vital for AI applications. The conversation reveals insights on the increasing demand for high-performance storage and Micron's promising growth in a dynamic tech landscape. They also discuss the broader market, touching on industry trends and the implications of major banking earnings, keeping investors tuned in for strategic moves.
44:24

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The Magnificent Seven tech companies continue to show resilience in the market, indicating their strong fundamental value despite investor sentiment fluctuations.
  • Analysts are recalibrating their outlook on Apple, suggesting potential undervaluation driven by overestimated fears regarding demand, particularly from China.

Deep dives

The Magnificent Seven's Resilience

The Magnificent Seven, consisting of major tech firms such as Alphabet, Amazon, and Microsoft, continues to demonstrate strength in the market despite fluctuations in investor sentiment. These companies have shown consistent ability to rebound, even after market drops, which suggests their fundamental value remains robust. The ongoing influx of money into these stocks is partially driven by favorable monetary policies from the Federal Reserve, which have lowered interest rates, stimulating investments. As a result, this group is not just a zero-sum game; other sectors in the market are also experiencing growth alongside these giants.

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