Mad Money 09/14/26 | Audio Only
Speakers
Jim Cramer
— Host, Mad Money
Hock Tan
— CEO, Broadcom
George Kurtz
— Founder and CEO, CrowdStrike
David Richer
— CEO, Lyft
Summary
Jim Cramer hosts a San Francisco edition of Mad Money after a volatile session driven by AI-slowdown fears, Middle East oil risk, and rising rates. The market recovered from its lows as oil reversed and bond buyers stepped in at 5% on the 10-year. Cramer interviews Broadcom CEO Hock Tan about durable AI demand, CrowdStrike CEO George Kurtz about AI security, and Lyft CEO David Risher about self-driving and profitability. The lightning round covers several stock calls, including cybersecurity, Energy Transfer, Gemini, Corning, Reformation, and HPE/Dell.
- Stocks staged a comeback after an early AI-driven selloff.
- Broadcom CEO Hock Tan said AI compute demand remains strong and durable.
- CrowdStrike CEO George Kurtz argued runtime AI security is essential.
- Lyft CEO David Risher said self-driving should improve ride-share economics.
- Cramer said AI data center stocks are worth watching for bargains.
- Lightning round views included cybersecurity, Energy Transfer, Gemini, Corning, and Reformation.
- Cramer criticized AI labs for undermining trust in the technology.
Ideas
AI data center stocks wait for clarity
Cramer notes that companies making, designing, or constructing data centers were pummeled as OpenAI and Anthropic discussed an AI slowdown. He says investors need to wait to see whether the existential threat is off the table, but he also sees real bargains in the beaten-down AI group, with Broadcom as his specific example.
AI risk boosts cybersecurity leaders
Cramer argues the AI-risk warnings from OpenAI and Anthropic make cybersecurity essential because rogue agents can hold corporate data hostage and companies effectively need cyber insurance. He highlights CrowdStrike and Palo Alto Networks as beneficiaries, says CrowdStrike shot up nearly 14% and he owns it big for his charitable trust, and in the lightning round says either CrowdStrike or Palo Alto is superior to SentinelOne.
AI risk boosts cybersecurity leaders
Cramer argues the AI-risk warnings from OpenAI and Anthropic make cybersecurity essential because rogue agents can hold corporate data hostage and companies effectively need cyber insurance. He highlights CrowdStrike and Palo Alto Networks as beneficiaries, says CrowdStrike shot up nearly 14% and he owns it big for his charitable trust, and in the lightning round says either CrowdStrike or Palo Alto is superior to SentinelOne.
Broadcom too cheap despite AI selloff
Cramer sees real bargains in the beaten-down AI complex and singles out Broadcom as the example: the stock is down more than 10% over the past month and roughly 150 points below its June high despite strong results and a spectacular multi-year forecast. He argues Broadcom remains at the heart of the AI ecosystem, has not let his charitable trust down, and may be too cheap to ignore.
AI demand durable for Broadcom growth
Tan says demand for AI compute infrastructure for frontier-model development and inference remains very strong and durable, and he rejects the idea that an AI slowdown changes Broadcom's outlook. He expects Broadcom to hit about $230 billion in AI revenue by 2028 and more than $30 in EPS including non-AI businesses, and argues custom co-designed AI accelerators can outperform general-purpose GPUs for inference. He also says financing partners can fund AI infrastructure even if OpenAI or Anthropic delay IPOs.
CrowdStrike runtime security needed for AI
Kurtz says the AI genie is already out of the bottle and open-weight/frontier models are dangerous, so the security industry must protect models and companies. He argues post-training guardrails can be bypassed, making runtime protection and visibility into AI agents critical; CrowdStrike can provide that runtime security to stop rogue agents and keep enterprises using AI safely. He also says CrowdStrike is working with the frontier labs and wants to be part of the solution.
Lyft turnaround not reflected in stock
Cramer frames Lyft as a company that has put up solid numbers and executed an impressive turnaround, yet the stock remains under pressure and does not reflect the improvement. He points to the Free Now acquisition, self-driving deals such as Waymo in Nashville, and bike initiatives as positive developments, making the stock a setup to watch ahead of the CEO interview.
Self-driving is gift for Lyft
Risher says Lyft is profitable and cash-flow positive with a billion rides a year, and the market opportunity is large because people take about 160 billion rides in private cars annually. He argues self-driving is a gift rather than a threat: it should lower insurance costs, improve safety, and pair with Lyft's demand, 1.5 million drivers, pricing, pickup/drop-off, and fleet-management capabilities. He also says Lyft is better positioned than Uber for the self-driving future.
Gemini speculative crypto stock could rebound
Cramer tells a caller to keep Gemini Space Station as a speculative crypto play, saying it is too low, the Winklevoss brothers are smart operators, and the stock could go again. He frames it as a spec rather than a core holding.
Aveanna good model, hold shares
Cramer says Aveanna Healthcare has a good, discreet business model that can make money, comparing it loosely to Hinge, and tells the caller to hold onto the stock.
Energy Transfer remains terrific pipeline play
Cramer agrees with a caller that Energy Transfer is attractive, saying he likes oil pipelines and that ET is terrific. He dismisses concerns about the move from the NYSE to the Texas exchange as mostly optics and not a reason to worry about the business.
Corning good but wait for lower
Cramer tells a Corning holder not to sell more and says the business is good, but he dislikes the company's at-the-market stock sale program that is selling shares every day. He wants to wait for the stock to go down more before taking action.
Reformation liked, apparel weakness needs check
Cramer likes the Reformation Clothing idea very much, noting the company is doing too well and the stock should be higher than it is. But because apparel has been weak, he does not want to make a snap judgment and says he will research the file.
Dell preferred over HPE
Cramer says HPE's management and prospects have improved and it now has the horses, but he still prefers Dell because he likes Michael Dell and his company very much. The call is a relative preference for Dell over HPE rather than a negative HPE call.
Dell preferred over HPE
Cramer says HPE's management and prospects have improved and it now has the horses, but he still prefers Dell because he likes Michael Dell and his company very much. The call is a relative preference for Dell over HPE rather than a negative HPE call.
Up Next
This CNBC video, published September 14, 2026, features Jim Cramer, Hock Tan, George Kurtz, David Richer discussing AI Data Center Infrastructure, CRWD, PANW, S, AVGO, LYFT, GEMI, AVAH, ET, GLW, REF, DELL, HPE. 15 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Jim Cramer, Hock Tan, George Kurtz, David Richer · Tickers: AI Data Center Infrastructure, CRWD, PANW, S, AVGO, LYFT, GEMI, AVAH, ET, GLW, REF, DELL, HPE