Mad Money 06/01/26 | Audio Only
Speakers
Jim Cramer
— Host, Mad Money
Summary
Jim Cramer analyzes Jensen's Computex keynote, bullish on Nvidia and AI data center buildout. He interviews FedEx Freight CEO, endorses the spin-off. He discusses SpaceX IPO float dynamics and lockups, expecting initial pop. He profiles Nokia as an AI infrastructure comeback story. In lightning round, he recommends ZIM, BlackBerry, Bloom Energy, and D-Wave, while advising cutting losses on Power Solutions. He also challenges the notion of tech overvaluation using Dell and Micron as examples.
- Jensen Huang's Computex keynote reignites optimism for data center investments.
- Cramer is bullish on Nvidia (NVDA) and expects a breakout.
- FedEx Freight (FDXF) spin-off is endorsed as a keeper.
- SpaceX IPO expected to soar due to small float and high demand.
- Nokia (NOK) is an AI infrastructure play with Nvidia backing.
- Lightning round calls: buy ZIM, BB, BE, D-Wave; avoid PSI.
- Cramer argues that data center stocks like Dell and Micron were undervalued, not overvalued.
- Medtech stocks like Abbott, Boston Scientific have suffered multiple compression.
Trade Ideas
Nvidia dominance reasserts, breakout imminent
Nvidia is going to break out now as its dominance reasserts itself and investors realize it is the least expensive stock in the group. The Vera Rubin supercomputing architecture and RTX Spark Superchip for AI agents show compute is money, leading to a broad data center investment theme.
FedEx Freight spin-off is a keeper
FedEx Freight is a keeper as a spin-off because it will benefit from independent LTL-specific investments, dedicated salesforce, and a target 15% margin by 2029, with ability to grow even in a down economy.
SpaceX IPO to soar initially
SpaceX IPO should soar initially due to tiny float (4%) and massive demand, with 60% of shares locked up until early 2027. Target $4 trillion valuation.
Bloom Energy non-combustible fuel, buy
Bloom Energy is a non-combustible fuel play that avoids environmental damage, huge believer, switch from oil stocks.
Nokia AI infrastructure play, buy small
Nokia is a player in AI infrastructure via networking and edge AI, with Nvidia partnership, new CEO from Intel, 49% AI/cloud sales growth, and profit growth targets. Buy a small position on pullback.
ZIM shipping yield attractive, buy
ZIM has a 14% yield and war makes shipping more valuable, so I would buy some.
BlackBerry auto tech, goes higher
BlackBerry has interesting technology in the auto world and I think it goes higher.
Power Solutions, cut losses now
Power Solutions missed badly and lowered guidance; cut losses and wait a full quarter before reconsidering.
D-Wave lifted by Quantum IPO
D-Wave will get a boost when Quantum (Honeywell spin-off) comes public, might be worth owning.
