Watch CNBC’s full discussion with the ‘Squawk on the Street’ crew

Watch on YouTube ↗  |  January 16, 2026 at 15:05  |  12:02  |  CNBC
Speakers
Jim Cramer — Host, Mad Money
David Faber — Anchor, Squawk on the Street / Media Analyst

Summary

Jim Cramer and David Faber discuss the AI-driven memory and power shortages, with Cramer bullish on Micron and power while Faber highlights power constraints on data-center buildout. They also cover Meta and Microsoft estimate revisions, the OpenAI-Musk lawsuit, and market leadership in speculative small caps. Other topics include Jamie Dimon's tenure, US-Taiwan chip fab investment, and Fed/bond market commentary.

  • Cramer sees an unforeseen DRAM/HBM memory shortage benefiting Micron.
  • Cramer warns power demand from AI/data centers exceeds grid supply and PJM forecasts look too low.
  • Faber says not all announced data-center projects will be built due to power constraints.
  • Cramer says he would raise earnings estimates for Meta and Microsoft if data-center spending is curtailed.
  • Cramer flags risk to a potential OpenAI private offering from Elon Musk's lawsuit.
  • Cramer warns that speculative Russell small-cap leadership may not come to fruition.
  • Other headlines include Jamie Dimon staying at JPMorgan, a US-Taiwan chip fab deal, and Fed/10-year commentary.
Ideas
Jim Cramer Host, Mad Money 1:47
Memory shortage drives Micron higher.
AI and data-center demand have created a real, unforeseen shortage in DRAM and high-bandwidth memory, with industry demand growth running above prior forecasts and supply unable to keep up. Cramer says this shortage is not manufactured and is making the memory market, benefiting Micron, whose earlier inventory-driven caution now looks too bearish.
MU HIGH
Jim Cramer Host, Mad Money 3:24
Power demand exceeds supply; own power.
Power demand from AI and data centers is insanely strong and the grid cannot supply enough. Cramer says power is a gating factor, its shortage is making everything more expensive, and PJM's load forecast appears too low, implying power/electricity stays tight.
POWER HIGH
David Faber Anchor, Squawk on the Street / Media Analyst 6:14
Power constraints limit data-center buildout.
Data-center company CEOs say not all announced data-center projects will be built because there is not enough power, and this is widely known in the industry. Actual buildout will therefore be less than advertised, a constraint to monitor for data-center construction.
DTCR MED
Jim Cramer Host, Mad Money 6:47
Power limits lift Meta, Microsoft estimates.
If power constraints curb data-center construction, Cramer says he would raise earnings estimates for Meta and Microsoft, the biggest data-center spenders, because they may not have to spend as much. That is a bullish estimate-revision thesis for both.
META MSFT MED
Jim Cramer Host, Mad Money 8:47
Avoid speculative Russell small-cap leaders.
Cramer warns that overall market leadership is being driven by obscure Russell small-cap names—drones, flying helicopters, and tertiary power-plant suppliers—many of which may never come to fruition, making that speculative leadership fragile.
IWM LOW
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This CNBC video, published January 16, 2026, features Jim Cramer, David Faber discussing MU, POWER, DTCR, META, MSFT, IWM. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jim Cramer, David Faber  · Tickers: MU, POWER, DTCR, META, MSFT, IWM