Mad Money 09/17/26 | Audio Only

Watch on YouTube ↗  |  September 17, 2026 at 23:47  |  44:15  |  CNBC
Speakers
Jim Cramer — Host, Mad Money
Ali Ghodsi — CEO, Databricks
Sridhar Ramaswamy — CEO, Snowflake

Summary

Jim Cramer explains his 'big bad event' playbook for Fed meetings, arguing investors should expect selloffs before and relief rallies after, and he favors tech, cybersecurity, and select semis. He interviews Databricks CEO Ali Ghodsi and Snowflake CEO Sridhar Ramaswamy about AI data platforms and AI's benefits in drug discovery. The lightning round yields buy calls on Casey's, BlackBerry, GameStop, Credo, and Iron Mountain, while Cramer avoids Snap until it shows profits. He also discusses AI regulation and rate-hike history.

  • Cramer says every Fed meeting is now a 'big bad event' and outlines a buy-the-dip playbook around them.
  • He recommends tech, cybersecurity names including Okta, CrowdStrike, and Palo Alto Networks, plus Intel and Micron.
  • Cramer tells callers to buy Reddit, TGX, Uber, Snowflake, Casey's, BlackBerry, GameStop, Credo, and Iron Mountain.
  • He says avoid Snap until it becomes profitable.
  • Databricks CEO discusses AI data platforms and drug-discovery use cases with Novo Nordisk and Merck.
  • Snowflake CEO discusses AI tools, customer ROI, and 38% Q3 revenue growth guidance.
  • Cramer argues AI needs real public-private regulation, not self-regulation.
  • He reviews historical Fed tightening cycles and advises raising cash into strength.
Ideas
Jim Cramer Host, Mad Money 5:16
Buy stocks after Fed meetings.
Cramer says every Fed meeting will now be treated as a 'big bad event.' His playbook: don't panic into the meeting; if selling, do it 7-10 days before; if buying, buy as close to the meeting as possible and add immediately after to participate in the post-event rebound and get the best basis.
Jim Cramer Host, Mad Money 5:33
Tech leads post-Fed relief rallies.
Cramer says tech is the first sector to go to after a Fed tightening cycle; tech sold off into the meeting but led the relief rally today, and history shows tech can bounce back hard after initial rate-hike weakness.
Jim Cramer Host, Mad Money 5:37
AI labs need cybersecurity protection.
Cramer continues to recommend cybersecurity stocks and adds Okta because rogue AI agents cannot be stopped unless they are identified first. Later he argues AI labs like OpenAI and Anthropic need CrowdStrike, Palo Alto Networks, and Okta for a belt-and-suspenders approach: Okta for agent identity and CrowdStrike/Palo Alto to shut down rogue agents, given massive product liability risk.
Jim Cramer Host, Mad Money 5:45
Intel, Micron are supply-constrained semis.
Cramer says Intel is the best stock in show and Micron is number two because both companies have products in short supply. He also says he just bought some Micron.
Jim Cramer Host, Mad Money 6:58
Reddit is undervalued takeover candidate.
Cramer says Reddit is a $29 billion company but there are companies that would pay $40 billion for its book of business and the ability to train on its viewers and readers. His view is simply: buy Reddit.
Jim Cramer Host, Mad Money 7:37
Buy TGX weakness; it's too cheap.
Cramer says TGX is down badly from its $170 high to around $126, $123, and $120, and is too cheap because it sells at a market multiple. He advises continuing to buy and shortening the gaps between purchases.
Jim Cramer Host, Mad Money 24:06
Raise cash into market strength.
Cramer advises non-traders to raise cash into strength during the new Fed tightening cycle so they have dry powder if the market goes down hard; otherwise they should buckle up.
Jim Cramer Host, Mad Money 24:38
Still recommend Uber despite underperformance.
Cramer says Uber is the only pick from his book that has not worked, but he is not backing away and still recommends it because he thinks it is a good situation.
Jim Cramer Host, Mad Money 35:41
Snowflake AI transformation drives growth.
Cramer likes Snowflake because it has transformed from a data warehouse into an AI-powered platform where customers get insights and transform operations. He cites its accelerating revenue, Q3 guidance of 38%, AI tools like Coco and Co-work, and strong customer use cases.
Jim Cramer Host, Mad Money 36:48
Buy Casey's after oil-driven selloff.
Cramer praises a caller's decision to buy back Casey's General Stores after its conference call, saying the selloff was oil-related, the stock has almost been cut in half, and it is wise to go back in at these lower levels.
Jim Cramer Host, Mad Money 37:17
BlackBerry is a bargain.
Cramer agrees with a caller that BlackBerry is a bargain, citing its $1 billion QNX backlog, connected cars, robotics, medical radar, cybersecurity, and growing revenue streams. He says he is surprised the stock came back down and says he is with the caller.
Jim Cramer Host, Mad Money 37:41
Avoid Snap until profitable.
Cramer says he wishes he could get behind Snap, but it has been a loser and needs to show profitability before he can become more positive.
Jim Cramer Host, Mad Money 38:15
GameStop turnaround makes it a buy.
Cramer says GameStop is profitable, is trying to turn around, and is having some success, so he is willing to call the stock a buy.
Jim Cramer Host, Mad Money 38:44
Credo buyable after settling down.
Cramer says Credo has been terrible for six months but has settled at a level where you can buy. He likes its exposure to chiplets, packaging, and wiring, calling it a nuts-and-bolts semiconductor play.
Jim Cramer Host, Mad Money 39:05
Buy Iron Mountain after pullback.
Cramer says Iron Mountain has been an incredible stock, functions like a real estate investment, has a 3% yield, and is down 20 points from its high. He thinks it is a buy.
Up Next

This CNBC video, published September 17, 2026, features Jim Cramer discussing SPY, XLK, OKTA, CRWD, PANW, INTC, MU, RDDT, TGX, CASH, UBER, SNOW, CASY, BB, SNAP, GME, CRDO, IRM. 15 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jim Cramer  · Tickers: SPY, XLK, OKTA, CRWD, PANW, INTC, MU, RDDT, TGX, CASH, UBER, SNOW, CASY, BB, SNAP, GME, CRDO, IRM