Copper reached an all-time high of $14,617 a ton on the London Metal Exchange today. The rally extended into a fourth session as traders positioned for US tariffs on refined metal.
The advance marked a second consecutive record. Copper has gained around 17% this year, supported by tight near-term supply and steady industrial demand.
Washington Silence Keeps a Premium on the PriceA proclamation signed last August placed a 50% tariff on semi-finished copper products. Refined metal escaped, and the Commerce Department was told to revisit the question.
Its report was due June 30. Roughly two months past that date, the White House still has nothing on paper. Traders keep pricing the levy anyway.
Merchants shipped hundreds of thousands of tons to the US this year to capture higher prices there. Near-term availability outside the US has tightened as a direct result.
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Morgan Stanley now sees the possibility of the first annual decline in global copper mine supply since 2017.
Meanwhile, copper is trading near record highs.
The world is hunting for supply.
We need more mines.
— Gold Telegraph ⚡ (@GoldTelegraph) September 6, 2026 Supply explains the other half. The world’s biggest mines are ageing, and output is not keeping pace with data centers, renewable power, and grid upgrades.
Market analyst Jim Bianco noted that copper has advanced more than 68% since April 2025. That run predates the current speculation about tariffs.
The metal recently broke its previous record, set in January. It then cleared $14,600 a ton for the first time. Previously, August saw a record on Comex, with copper pushing past $6.71 a pound.
Copper Prices in 2026. Source: TradingViewGold Retreats as Copper RunsCopper’s climb arrives while bullion sees a mixed performance. Gold trades near $4,405 an ounce, roughly 21.8% below the record $5,589.38 it set on January 28.
Some traders read the divergence as a rotation out of defensive positions and into industrial exposure. Analyst Qmo pointed to the copper-gold ratio, which he said broke its downtrend for the first time this year.
The signal is not clean, however. Gold rose about 10% in August, its strongest month since January, and remains up roughly 25% over 12 months.
That leaves the tariff decision as the near-term variable. Its arrival would test whether copper’s record rests on policy expectations or on the supply gap underneath them.
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Key Highlights CNBC’s Jim Cramer exclusively endorsed CoreWeave among neocloud companies, excluding IREN and Nebius from his recommendations Q2 financials showed $2.58 billion in revenue, representing 112.5% growth year-over-year, alongside a $104 billion backlog Shares have advanced approximately 18% since the start of 2026, with Tuesday’s opening price at $89.36 Major institutional players like Proficio Capital Partners and Alyeska Investment Group have substantially expanded their holdings Wall Street consensus indicates a “Moderate Buy” with analyst price targets averaging $141.90 During this week’s CNBC “Mad Money” Lightning Round segment, Jim Cramer delivered an unambiguous endorsement of CoreWeave, stating: “If you’re going to do neoclouds, the only one I like is CoreWeave.”
The statement followed a viewer inquiry about IREN, prompting Cramer to offer his candid perspective on the neocloud landscape.
Trading commenced at $89.36 on Tuesday for CRWV shares. The stock has delivered approximately 18% returns year-to-date, surpassing the S&P 500’s roughly 13% climb. Over the past twelve months, shares have fluctuated between $60.55 and $153.20.
CoreWeave, Inc. Class A Common Stock, CRWV
The company’s second-quarter results revealed revenue of $2.58 billion, marking a 112.5% increase compared to the prior year. CoreWeave also exceeded earnings projections, recording a loss of $1.14 per share versus analyst forecasts of $1.52.
The backlog expanded 56% quarter-over-quarter to reach $104 billion in Q2, a figure that has fueled significant optimism among investors and analysts.
However, the robust revenue expansion comes alongside operational challenges, including a negative net margin of 25.41% and a negative return on equity of 47.95%. The company’s debt-to-equity ratio currently registers at 5.53.
Institutional Investors Significantly Increase Stakes Major institutional capital has been flowing into the stock. Proficio Capital Partners dramatically expanded its CoreWeave position by more than 446,000%, accumulating 17.85 million shares valued at approximately $2.44 billion.
Alyeska Investment Group boosted its ownership by 55.7% during Q2, now holding 10.89 million shares. HB Wealth Management established a fresh position consisting of 39,599 shares worth about $3.94 million.
Additional positioning activity came from Bank of America and Deutsche Bank, both of which increased their stakes in recent reporting periods.
Corporate Insiders Execute Substantial Share Sales Contrasting with institutional buying patterns, company insiders have been liquidating positions. Throughout the last three months, insiders offloaded over 7 million shares totaling approximately $649.8 million.
CFO Nitin Agrawal divested 5,509 shares on August 25 at an average of $88.64 per share. Insider Brannin McBee sold 500 shares on August 24 at $85.51 each. These transactions occurred under previously established Rule 10b5-1 trading arrangements.
Company insiders maintain ownership of 24.20% of outstanding shares.
Among Wall Street analysts covering CRWV, 21 maintain Buy ratings, 10 recommend Hold, and 3 advise Sell. The average price target stands at $141.90, representing significant upside from the current $89.36 trading level.
Analyst projections span a considerable range. Rosenblatt maintains the highest target at $250. Cantor Fitzgerald established a $176 objective. Truist recently upgraded its target to $165. Roth Capital projects $145.
Cramer’s endorsement distinguishes CoreWeave from competing neocloud providers that have also demonstrated impressive growth metrics. Nebius delivered Q2 revenue that skyrocketed 454% to $582 million. IREN announced fiscal Q4 revenue reaching $137.2 million, with its AI Cloud segment posting 110% sequential growth.
Nebius shares have approximately tripled during 2026. IREN has registered gains of about 10.2%. CoreWeave’s 18% appreciation positions it between these competitors.
Technical indicators show CoreWeave’s 50-day moving average at $85.20, while the 200-day moving average sits at $94.37. The company’s market capitalization currently totals $41 billion.
Anyone who bought long US government bonds 10 years ago has lost money. Not after inflation. Before it. In 223 years of records, that has happened only once before.
Long Treasury bonds lost roughly 2% a year over the decade to August 2026, Bank of America data shows. The last stretch this bad ended in 1803, when Washington borrowed to buy Louisiana.
U.S. bonds are now in one of their worst stretches in more than 200 years.
As of July 2026, the rolling 10-year annualized return for U.S. bonds after inflation was -5.14%.
That’s worse than the aftermath of the Civil War, the Great Depression and the inflationary 1970s.
The… pic.twitter.com/SdcdqFDb5S
— TreasuryBonds.com (@TreasuryBonds1) September 7, 2026
The Safest Trade in the World Just BrokeThe math is such that bond pays a fixed coupon. Nothing more. On this day in 2016, the 30-year Treasury paid 2.32%, according to Treasury Department records. That was the whole prize.
Then inflation arrived, the Federal Reserve hiked, and yields climbed. Prices fell far enough to swallow the coupon.
The record starts in 1793 and holds 2,771 monthly readings, compiled by Santa Clara University finance professor Edward McQuarrie. Negative 10-year returns appear in 25 of those months. Bianco Research counts 24 of them in the current run.
“Bonds WERE the worst investment in American history. It says nothing about what they do next,” wrote Jim Bianco, founder of Bianco Research.
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Bitcoin Now Has a Rival It Never HadThe starting yield is the tell, as it has set most of the following decade’s return across this data, by Bianco Research’s reading. Buy at 2% and you earn about 2%. Buy at 5.25% and history points near 5%.
2/3
Why so bad? You buy a bond for its yield. Ten years ago, the long Treasury paid 2%. That was the ceiling, and then rates rose (price losses), taking even that away.
Some perspective: in 223 years, a negative 10-year return has happened in 25 months. 24 of them are right… pic.twitter.com/31NxE8zdTJ
— Jim Bianco (@biancoresearch) September 6, 2026
That is the part Bitcoin has never faced. The Fed cut rates to near zero on December 16, 2008. Bitcoin’s first block arrived 18 days later.
Cheap money was the water it swam in. Now the 10-year Treasury yields 4.80% and the 30-year pays 5.25%, both as of Tuesday.
10 and 30 Year US Treasuries. Source: TradingViewBitcoin pays nothing. It trades near $77,934, down about 2% and well below its 2025 record. BeInCrypto flagged the squeeze last week, when global bond yields hit levels last seen in 2008.
The Uncomfortable PartThe twist is that the wreckage that makes bonds attractive is the same wreckage Bitcoin buyers cite.
Yields are high because Washington borrows on a scale that unsettles lenders. Federal debt hit $40.1 trillion on September 3, Treasury figures show, and the $40 trillion debt pile grows with every auction. Oil above $100 keeps inflation sticky.
The money is not leaving either. US spot Bitcoin funds pulled in $987.7 million in the week to September 4, Farside data shows, and Bitcoin ETF inflows beat every rival crypto fund. Polymarket traders price a September rate hike at 52%.
Bitcoin was easy to hold when cash paid nothing. The question now is whether it can beat 5% a year for a decade. Friday’s inflation data starts the answer.
CNBC’s Jim Cramer named Nvidia and Broadcom the two biggest winners from OpenAI’s ChatGPT-6 Astra launch. He made the call Tuesday on the network’s Morning Meeting show.
Traders split the two calls. Nvidia (NVDA) fell almost 2% to $225.80 during Tuesday’s session, while Broadcom (AVGO) gained nearly 3% to $368.17.
OpenAI began rolling Astra out last week and calls it the company’s most intelligent model so far. Much of the attention on what ChatGPT-6 Astra does has centered on cybersecurity, coding and computer-use tasks.
Astra trained on roughly 100,000 Nvidia Grace Blackwell systems, according to chief executive Jensen Huang. He also said another 400,000 chips are coming online for OpenAI.
Cramer read that second figure as a demand signal rather than a one-off order.
“The stock that I think you should be buying is Nvidia,” he said.
BeInCrypto also noted Huang’s AGI declaration doubled as a pitch for the hardware he sells. Cramer has now turned the same numbers into a buy case.
Broadcom built a custom chip with OpenAI called Jalapeño, unveiled in June 2026 and designed for inference. Inference means running a finished model for users, not training it.
We’ve designed and built our first AI chip: Jalapeño.
Designed from the ground up by OpenAI and brought to production with @Broadcom, Jalapeño is purpose-built for the LLM workloads powering ChatGPT, Codex, the API, and future agentic products.
Chips are foundational to the AI… pic.twitter.com/mHU7DaMMTi
— OpenAI (@OpenAI) June 24, 2026 Initial deployment is targeted for the end of 2026, with Celestica assembling the systems.
Cramer argued that a strong Astra reception protects OpenAI’s standing, and with it Broadcom’s custom silicon order book. He tied further upside to OpenAI and Anthropic listing publicly, with Broadcom as preferred partner.
“If they accomplish that, Broadcom is their preferred partner, and we’re going to see a stock that goes up much more,” Cramer said.
Analysts See 42% to 44% Upside for Both ChipmakersMeanwhile, all 29 analysts covering Nvidia rate it a buy. Their average 12-month target of $325.23 implies 44% upside.
Nvidia (NVDA) Stock Forecast & Price Target. Source: TipRanksBroadcom, on the other hand, draws 26 buys and three holds. Its average target of $521.41 points to 42% upside.
Broadcom (AVGO) Stock Forecast & Price Target. Source: TipRanksThe disagreement sits at the bottom of each range. Nvidia’s lowest target of $275 still sits above Tuesday’s price of $225.69, as of this writing. However, Broadcom’s $350 floor sits below it’s current price of $369.00.
BeInCrypto counted 25 buys and three holds ahead of Broadcom’s third-quarter earnings last week, so the tally has barely shifted since.
It is also worth noting that Cramer’s charitable trust holds Nvidia and Broadcom alongside Intel and Micron.
The coming weeks will show whether Astra demand reaches Broadcom’s order book or stays inside Nvidia’s training clusters.
AI is splitting the Magnificent Seven into separate camps instead of lifting the group as one trade, Plexo Capital founding managing partner Lo Toney told CNBC’s “Squawk Box” this week.
CNBC’s Jim Cramer had urged investors days earlier to revisit the group, arguing years of AI spending are starting to pay off. “I think it’s time to buy,” Cramer said.
The Magnificent Seven’s AI DivideToney pushed back on treating the seven stocks as one trade again. He said two things now separate them, infrastructure control and the ability to profit from it.
Hyperscalers are cloud giants building massive AI data centers. Toney places Google, Microsoft, and Amazon in this group. They still must prove that spending pays off, a test also facing other Nasdaq stocks that already doubled this year.
Meta and Apple sit in a different category, Toney said. They do not need AI as a standalone business. Instead, they use it to strengthen advertising and hardware franchises they already own.
Tesla is a third case. It is turning AI into physical products and services, a path carrying its own regulatory and profitability questions, Toney said.
Nvidia (NVDA) sits apart too. Toney said the chipmaker profits while its customers prove out the economics themselves. That position now extends into software.
Nvidia agreed on September 3 to buy the open-source AI platform Hugging Face for about $12.9 billion. Its own upcoming earnings remain the clearest test of whether that spending is paying off broadly.
Google’s AI AdvantageApplying his framework, Toney named Alphabet’s Google (GOOGL) as his preferred pick. It owns its data centers and custom chips while monetizing AI through search, YouTube, cloud, and its self-driving unit, Waymo.
He pointed to Google shares up roughly 42% in the last 12 months against a Wall Street consensus target implying about 25% more upside, a wider gap than most peers Jim Cramer has recently favored.
YTD Google is only up 5%. Image Source: Trading ViewNot every Magnificent Seven stock will move together as AI reshapes their economics. Some names still owe investors proof that spending converts to profit, while Toney argues others are already collecting.
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Snowflake’s upbeat AI outlook is turning into a broader software trade, with a wave of enterprise names rallying alongside it and Jim Cramer flagging more room to run.
The move adds to a stretch of earnings this season where AI-linked spending has repeatedly rewarded shareholders, even as some investors question how long richly priced software names can keep climbing.
AI is Driving the Software FirmSnowflake shares jumped 23% on Thursday after the cloud data platform lifted its fiscal 2027 product revenue forecast to $6.07 billion, up from $5.84 billion, alongside a 37% year-over-year jump in second-quarter product revenue.
Snowflake jumped as much as 23% on its earnings. Image Source: Trading ViewCEO Sridhar Ramaswamy said artificial intelligence (AI) tools are now driving growth across Snowflake’s core platform, not just its standalone AI products, calling it a compounding “flywheel effect” for the business.
Shares hit their highest level since December 2021, adding roughly $25 billion in market value in the move. The stock has now climbed 39% for the year, more than triple the S&P 500’s 12% gain over the same stretch.
Software Stocks Move TogetherThe rally spilled into peers. ServiceNow, Salesforce’s record earnings run, Atlassian, Adobe, and Intuit all climbed between 3.5% and 6%, while the iShares Expanded Tech-Software Sector ETF added 3%.
Morgan Stanley analysts said the pattern of consistently faster growth in recent quarters shows AI is meaningfully driving usage of Snowflake’s own platform, beyond its dedicated AI tools.
At least 34 brokerages raised their price targets following the results, according to data compiled by LSEG, with Wells Fargo issuing a Street-high call of $525. Snowflake now trades near 15 times forward revenue, well above the software-sector ETF’s 7.4 times, and its 121.8 times forward earnings dwarfs Datadog’s 72.7 times and MongoDB’s 52.1 times.
CNBC’s Jim Cramer weighed in after the report, flagging a huge move still ahead for the stock, and calling it the cleanest way for cautious enterprises to buy AI compute on demand.
So Snowflake remains the best way for the uncertain to get compute but Broadcom tells a story of an explosion of business coming. Snowflake will have a huge move…
— Cramer
So Snowflake remains the best way for the uncertain to get compute but Broadcom tells a story of an explosion of business coming. Snowflake will have a huge move…. Broadcom? More nuanced…
— Jim Cramer (@jimcramer) September 3, 2026 The reaction echoes a pattern seen elsewhere this earnings season, including Salesforce’s own AI-driven breakout and software stocks rebounding after months of AI-replacement fears.
Whether that momentum holds may depend on how quickly Snowflake and its peers can turn rising AI demand into durable margin, rather than just top-line growth.
Jim Cramer expects a huge move in Snowflake stock after a blowout quarter. Broadcom earned a far more cautious verdict.
The CNBC host weighed in after both companies reported. Snowflake and Broadcom both cleared estimates, yet only one drew unqualified praise in the artificial intelligence (AI) trade.
Jim Cramer Snowflake Verdict Follows a Blowout QuarterSnowflake reported product revenue of $1.49 billion for its fiscal second quarter, up 37% from a year earlier. Adjusted earnings hit $0.62 per share.
Management lifted full-year product revenue guidance to $6.07 billion. Shares jumped 23.27% to $377.00 in pre-market trading from Wednesday’s $305.84 close.
The stock had slid 7.4% over the five sessions into the report.
Cramer flagged the valuation in the same breath as the beat. He called it the cleanest way for hesitant enterprises to buy compute on demand.
So Snowflake remains the best way for the uncertain to get compute but Broadcom tells a story of an explosion of business coming. Snowflake will have a huge move…. Broadcom? More nuanced…
— Jim Cramer (@jimcramer) September 3, 2026
His enthusiasm marks a shift. Last week, he praised Marvell’s quarter yet warned that its price had already run too far.
Snowflake Inc. Stock Chart. Source: TradingViewBroadcom delivered $16.7 billion in AI semiconductor revenue, a 221% jump. Total revenue rose 86% to $29.6 billion, and adjusted earnings reached $3.32 per share.
Chief Executive Hock Tan guided fourth-quarter AI sales to $21.7 billion. He has secured a supply to roughly double AI revenue to about $115 billion in fiscal 2027.
Tan flagged a path toward $230 billion in fiscal 2028. Investors still balked.
Cramer welcomed the raises, then hedged.
Hock giving you some nice raises for next year and the year after. That’s what we have been looking for. Maybe i am too hopeful… Small position for the trust…
The trust is his CNBC Investing Club portfolio.
Total fourth-quarter guidance of $34.8 billion landed just under consensus. The stock slipped 2.58% to $357.76 in pre-market trading, extending a 4.5% monthly decline.
Broadcom (AVGO) one-month chart. Source: TradingViewAnalyst forecasts before earnings were already skewed heavily bullish, leaving little room for surprise.
AMD’s post-earnings selloff in August showed how fast strong chip numbers can disappoint.
Cramer’s split verdict leaves one clear test. Snowflake has to turn AI demand into margin, while Broadcom has to prove Tan’s 2028 math.
Key Takeaways Snowflake crushed Q2 expectations with earnings of 62 cents per share versus 45 cents forecast and revenue of $1.55B against $1.48B consensus Shares rocketed 22% in after-hours trading and climbed above 23% to $376 in pre-market sessions CNBC’s Jim Cramer highlighted SNOW as poised for a significant rally after the quarterly report The company’s AI coding assistant CoCo expanded to 9,100 accounts, adding more than 2,000 users in the quarter Investor Michael Burry countered the optimism, warning Snowflake is significantly overpriced and faces cybersecurity threats Snowflake delivered an impressive fiscal Q2 performance, surpassing analyst projections across key metrics. The cloud data platform reported revenue of $1.55 billion, representing a 35% year-over-year increase and exceeding the Street’s $1.48 billion estimate. Adjusted earnings per share reached 62 cents, substantially higher than the 45-cent consensus forecast.
Snowflake Inc., SNOW
Following the announcement Wednesday after market close, SNOW shares skyrocketed 22% during extended trading. By Thursday’s pre-market session, the stock had advanced 23.27% to reach $376 per share. If sustained, this would represent the fourth-largest single-session jump since the company’s 2020 initial public offering.
The company’s product revenue segment generated $1.49 billion in Q2, reflecting 37% growth from the prior-year period. Snowflake’s net loss contracted to $191.7 million, or 55 cents per diluted share, compared with a $297.9 million deficit in the year-ago quarter.
Looking ahead to Q3, Snowflake projected product revenue of $1.59 billion, topping the analyst consensus of $1.50 billion. Executives also boosted the full fiscal year product revenue outlook to $6.07 billion from the previous $5.84 billion target issued in May.
Additionally, the company elevated its adjusted operating margin projection to 14.5%, an improvement from the 13.5% guidance provided three months earlier.
CoCo AI Assistant Gains Traction A significant highlight from the earnings call centered on CoCo, Snowflake’s artificial intelligence coding assistant. The platform now serves 9,100 accounts, representing growth of more than 2,000 accounts throughout the quarter. Company leadership emphasized CoCo as a critical catalyst for revenue expansion and deeper enterprise adoption.
CNBC’s Jim Cramer featured Snowflake on his Mad Money program, declaring the stock positioned for a substantial upward movement. He emphasized that Snowflake provides businesses with an efficient method to purchase on-demand computing resources. Cramer’s CNBC Investing Club maintains a position in Broadcom, though he expressed greater caution regarding that holding after its Q4 outlook fell marginally short of forecasts.
Burry Raises Valuation Concerns Not all investors share the enthusiasm. Michael Burry, the hedge fund manager famous for predicting the 2008 financial crisis depicted in “The Big Short,” described Snowflake as “very overvalued” in a recent Substack commentary. He cautioned that the company confronts an “existential threat” should data lakes prove increasingly susceptible to cyberattacks as artificial general intelligence and quantum computing technologies advance.
Burry further suggested that if corporations choose to internalize AI development and maintain data on proprietary infrastructure, demand for third-party platforms like Snowflake might diminish.
Despite Burry’s skepticism, Wall Street analysts remain overwhelmingly bullish. SNOW holds a Strong Buy consensus rating based on 23 Buy recommendations and three Hold ratings. The average analyst price target stands at $368.68, suggesting approximately 20.6% upside potential from pre-earnings trading levels.
Prior to Wednesday’s market close, SNOW had already climbed 39% year-to-date, significantly outperforming the S&P 500’s roughly 12% gain over the same period.
Key Takeaways Jim Cramer maintains a bullish stance on Micron despite recent volatility triggered by Samsung’s disappointing buyback announcement The company reported fiscal Q3 revenue of $41.46 billion, representing a 346% year-over-year surge, with non-GAAP EPS of $25.11 exceeding expectations by 24% With $100 billion in contracted AI revenue secured through 2030, Micron’s HBM and DRAM production capacity is completely booked through 2027 At a forward P/E ratio of approximately 6, Micron trades at a fraction of Intel’s 68.97 and AMD’s 61 Cramer identified Micron as his preferred choice among four essential memory chip manufacturers, including SanDisk, Seagate, and Western Digital Jim Cramer continues to champion Micron Technology, arguing the memory chip giant remains severely undervalued despite share price fluctuations driven by developments among South Korean competitors.
Micron Technology, Inc., MU
While Micron shares have surged approximately 254% in 2026, a recent decline has drawn investor attention. According to Cramer, the downturn has virtually nothing to do with Micron’s business performance.
The catalyst was Samsung’s shareholder return program announcement. Market participants deemed it insufficient when compared to SK Hynix’s earlier commitment. SK Hynix had already revealed a plan to repurchase and retire approximately $28.6 billion of its shares between August 20 and November 19.
Samsung was anticipated to unveil returns surpassing $72 billion. The actual announcement significantly underdelivered against those expectations.
“The Samsung buyback was regarded as not good enough,” Cramer observed, describing the market’s response as “chimerical” considering Micron’s impressive financial performance.
The Financial Case for Micron Is Compelling Micron delivered fiscal Q3 revenue of $41.46 billion, marking a 346% increase from the prior year. Non-GAAP earnings per share reached $25.11, surpassing consensus forecasts by 23.8%. The company achieved a record non-GAAP gross margin of 84.9%, compared to just 39% twelve months earlier.
The memory maker holds $22 billion in customer deposits from 16 strategic partners, secured with take-or-pay agreements and minimum pricing guarantees. The company has locked in $100 billion worth of AI-related contracted revenue extending through 2030.
Both HBM and DRAM production capacity remain fully committed through 2027. Industry projections indicate AI data centers will account for approximately 70% of worldwide memory chip output in 2026.
Cramer highlighted Micron along with SanDisk, Seagate, and Western Digital as four memory chip manufacturers he considers “indispensable” in the current market. He connected the sector’s momentum to remarks from Elon Musk, who stated during SpaceX’s Q2 earnings discussion that memory availability has emerged as the primary constraint for AI data center expansion.
“While I acknowledge that I am not early, I do not think I am late,” Cramer explained to his audience.
The Samsung Connection Explained The link between Samsung and Micron extends beyond a single disappointing capital return program. Samsung, SK Hynix, and Micron collectively dominate roughly 90% of worldwide DRAM production. Developments affecting one company are frequently interpreted as indicators for the entire group.
Samsung also initiated mass production of HBM4 in February 2026, establishing a first-mover advantage. Micron continues to focus on shipping HBM3E. This technological gap provides some market participants with justification for concerns about Micron’s competitive positioning in next-generation products.
An additional challenge exists in Micron’s regulatory constraints. The company’s CHIPS Act funding agreement prohibits significant share buyback programs until December 9, 2026. Meanwhile, Samsung and SK Hynix maintain the flexibility to repurchase billions worth of their own shares. Micron currently lacks this option.
Nevertheless, institutional capital continues flowing toward Micron. Hedge fund ownership expanded from 154 to 184 funds between Q1 and Q2. Coatue Management dramatically increased its Micron holdings by 1,794% to $3.6 billion. The fund managed by George Soros nearly multiplied its position eightfold during Q2.
Micron’s forward price-to-earnings ratio stands at approximately 6, creating a stark contrast with Intel’s 68.97 and AMD’s 61. Following a visit to Micron’s Boise, Idaho manufacturing facility, Cramer expressed conviction that the demand environment is genuine. The company has pledged over $250 billion through 2035 toward expanding its U.S. production capabilities.
Jim Paulsen, a veteran market strategist, says the U.S. stock market has used up most of the room it traditionally relies on to climb higher, even as slowing momentum starts to press against record valuations.
Paulsen, a longtime economist who spent years as chief investment strategist at the Leuthold Group, made the case on CNBC’s Closing Bell Overtime. He pointed to profits, valuations, and investor positioning all sitting near historic extremes.
Paulsen Flags Record Stock Market ValuationsPaulsen said in July that the S&P 500’s price level sits about 60% above its post-World War II trend line. That level has only been matched once before, near the peak of the dot-com bubble.
Trailing 12-month earnings are also 60% above their own trend line. Paulsen called that a record, exceeding even prior cycle peaks such as the dot-com era.
Corporate profit margins and non-residential investment spending, measured against gross domestic product, have also reached record highs. Forward earnings estimates compared with trailing profits have also been unusually high, Paulsen said. That measure is nearing record territory in data going back to 1990.
Valuations are not all at record levels, Paulsen said, but by most measures they remain historically high. He added that household exposure to equities, as a share of financial assets, sits at a record high. Cash holdings relative to market value are close to a record low.
Paulsen called the overall mood complacent, since investors have grown used to buying every dip.
“No one’s worried about recession anymore, Michael, because we haven’t had one for 16 years.”
Jim Paulsen, CNBC
The S&P 500 is up near 12% YTD. Image Source: Trading ViewSlowing Momentum Could Flip the Rate-Cut ScriptPaulsen flagged weakening data, including recent ADP payroll figures, softer retail sales, and sluggish housing activity. He cited the Citigroup U.S. Economic Surprise Index, which tracks how incoming data compare with forecasts. That gauge has fallen from 60 to 25 in recent weeks.
Paulsen warned that falling rates could coincide with falling stock prices, rather than trigger the rally investors typically expect. That risk grows if the rate declines reflect weakening growth rather than cooling inflation.
He also pointed to the dollar. In real terms, it remains within 8% of the all-time high it set in 1970.
He also downplayed fears tied to the Treasury’s bond buyback plan, which billionaire investor Stanley Druckenmiller criticized. Paulsen called the recent yield moves more noise than substance.
Oil prices are adding further pressure on the system, Paulsen said. That pressure weighs on both corporate margins and household purchasing power.
Whether that slowing momentum turns into an outright pullback remains unclear. Much may depend on how quickly the underlying data keep deteriorating in the weeks ahead.
Mad Money host Jim Cramer told followers he senses a monumental day, just hours before NVIDIA (NVDA) reports fiscal second-quarter earnings after Wednesday’s close. The cryptic post landed as the stock steadied near $213 in quiet premarket trading.
Wall Street consensus calls for roughly $92 billion in revenue and $2.09 in adjusted earnings per share. Therefore, the guidance that follows the print could set the tone for the entire AI trade.
Nvidia (NVDA) Stock Performance Pre-Market. Source: Yahoo FinanceWhy NVIDIA Earnings Count as a Market EventNVDA closed Tuesday at $213.05, a 2.19% rebound that snapped a seven-session losing streak. The stock changed hands near $213.77 in Wednesday’s premarket, up 0.34% on light volume, ahead of the 5 PM EDT earnings call.
The muted move hides the stakes. NVIDIA’s market value sits near $5.16 trillion as of this writing, large enough for its after-hours reaction to swing the S&P 500.
The report also doubles as a referendum on AI bubble risk, since a handful of chip and AI names now drive most index earnings growth.
Beyond the headline revenue figure, analysts expect data center sales near $85 billion. Meanwhile, options and money-flow data had already flagged an earnings trap setup, where even a beat may fail to lift the stock without stronger forward guidance.
Bullish Cramer Meets the Inverse Cramer CrowdCramer published the message on X (Twitter) early Wednesday without naming NVIDIA or committing to a direction.
His recent commentary leaves little doubt about his lean, however. On Monday’s Mad Money, he called NVIDIA all-important to the AI trade and framed its results as a verdict on the whole ecosystem. He also admitted the stock limped into the report and said he was stockpiling questions for the call.
Yes, i am building up a truckload of potential questions for Nvidia tomorrow night.. Seven straight down days??? Certainly NOT coming in hot
— Jim Cramer (@jimcramer) August 25, 2026 The host has repeatedly dismissed competition fears, arguing that superior rival chips appear in headlines daily yet never materialize as real threats.
“Every day i read about some chip that is superior to Nvidia. And every year i see no real competitors,” he said recently.
He struck a similarly contrarian tone on Meta stock trial risk last week, pushing back against what he views as excessive pessimism in press coverage.
Skeptics read the tweet differently. Replies leaned on the inverse Cramer trade, a meme strategy that bets against his calls, and pointed out the post picks no side. Formal backtests of that approach have produced mixed results at best.
Professional analysts currently sit closer to Cramer’s camp. All 29 analysts tracked by TipRanks rate NVDA a Strong Buy, with an average 12-month price target of $304.67, roughly 43% above Tuesday’s close.
Nvidia (NVDA) Stock Forecast & Price Target. Source: TipRanksWhether the day proves monumental now depends on the numbers. Data center demand, supply commentary, and third-quarter guidance will reveal if the recent slide was a warning or an entry point.
Jim Cramer named PepsiCo (PEP) his next stock idea on Wednesday’s Mad Money. He built the pick on falling oil prices instead of chasing Nvidia or Salesforce.
The CNBC host framed PepsiCo as a value play. He tied it to his broader view that oil is falling and inflation is peaking. Cramer called it a starting point, not yet a position.
A Falling-Oil, Peaking-Inflation WorldviewCramer’s process starts with a call on rates and inflation before he names any stock. He said the economy looks stable barring a shock out of Iran or Ukraine.
He pointed to easing crude prices as his clearest sign that inflation is topping out. Oil fell nearly 3% this week as Iran and Oman resumed talks on a Strait of Hormuz shipping corridor.
Cramer also downplayed Federal Reserve Chair Kevin Warsh, whose Jackson Hole debut speech lands Friday. He argued a hike is unlikely while the Treasury is already working to hold down long-term borrowing costs.
PEP has not performed well in the past 6 months. Image Source: Trading ViewWhy PepsiCo Beat Nvidia and Salesforce to the PickTech was the obvious starting sector, but Cramer said Nvidia and Salesforce had already jumped on strong earnings. Buying either now, he said, would mean chasing a move that already happened. He pointed to Nvidia’s blowout quarter results as an example.
Travel and leisure names failed his test too. He said stocks like Disney and Expedia had already rallied and depend on discretionary spending a soft economy could squeeze.
PepsiCo fit a different screen. Cramer looks for shares trading cheap against their own history with a dividend yield near 4%. PepsiCo has raised its payout for 54 straight years. It now yields roughly 4%, near its highest level in more than a decade.
“I like them low. Some people like them hot. I like them cool.”
Jim Cramer, host of CNBC‘s Mad Money
Cramer said PepsiCo executives repeated on their earnings call that high gas prices have weighed on sales. Falling oil, he argued, could remove that drag on consumer spending.
Cramer stressed the idea remains a screening result, not a formal position. Whether the valuation gap closes may hinge on where oil and rates move after Warsh’s speech Friday.
Cryptocurrencies will not be included in the tax-advantaged savings accounts Ireland plans to roll out for every adult nationwide. Ireland’s Tánaiste and Minister for Finance Simon Harris released a video outlining the plan’s framework, stating he hopes these accounts “will truly play a role in strengthening personal economic resilience.” Account holders will be able to hold stocks, bonds, mutual funds, exchange-traded funds (ETFs), and insurance products. Crypto assets are excluded, as are derivatives and interest-bearing cash. Every Irish tax resident aged 18 and above is eligible to open such an account. Contributions within the tax-free allowance will be fully exempt from tax, while amounts exceeding the limit will be taxed at a low flat annual rate. The plan has no minimum contribution requirement or minimum lock-up period, though an annual contribution cap will be set. The exact tax-free allowance and tax rate will be announced on Budget Day, October 6, with the accounts expected to open next year.
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Zhipu AI’s revenue surges fivefold in six months: APIs serve as its absolute main revenue source, though the firm still posts a net loss of nearly 2 billion yuan.
Beating AI Express: Zhipu AI has released its first semi-annual report since listing. First-half revenue reached 954 million yuan, up 399.7% year-on-year, nearly five times the level of the same period last year. Growth was mainly driven by its open platform and API business: revenue in this segment surged from 29.1 million yuan to 825 million yuan, a year-on-year jump of 2735.7%, accounting for 86.5% of total revenue. Zhipu’s revenue structure has almost reversed: the open platform and API business (charged per call) rose from 26.3% of total revenue in the whole of last year to 86.5% this period, while localized deployment dropped from 73.7% to 13.5%. The gross profit margin of its API business also improved from -0.4% in the same period last year to 24.6%, with Zhipu citing expanded call volume, price adjustments, and lower inference costs as key reasons. However, R&D investment and losses remain high: first-half R&D expenditure hit 2.131 billion yuan, up 33.6% year-on-year; adjusted net loss stood at 1.964 billion yuan, expanding 12.1% from 1.752 billion yuan in the same period last year. Meanwhile, overall gross margin fell from 50.0% to 26.4%, mainly due to the rapid shift in revenue toward cloud-based business that is still in its growth phase.
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ChatGPT to Face Tougher EU Cybersecurity Regulation
The European Commission said Monday that OpenAI’s ChatGPT will have to comply with stricter EU rules, such as removing illegal content, or face potential fines. Meanwhile, Brussels is working to clarify how its existing digital regulatory framework applies to rapidly evolving artificial intelligence services. The Commission noted that ChatGPT, social media forum Reddit, and gaming platform Roblox will be classified as so-called “very large online platforms” (VLOPs) under the EU’s Digital Services Act (DSA), the bloc’s landmark digital regulatory regime. This designation means the three services will bear additional obligations, including removing illegal content and protecting minors’ privacy and safety; non-compliance could lead to fines of up to 6% of their global revenue. The decision marks a further expansion of DSA oversight into the generative AI sector. Earlier, X’s AI chatbot Grok was already under investigation under the same law.
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DeepSeek Releases Its First Open-Source Vision Model
Beating AI Insight News: DeepSeek has open-sourced the weights of DeepSeek-V4-Flash-Vision-Exp. This experimental vision model is built on V4-Flash, adding image comprehension capabilities that enable it to process screenshots, read charts, and complete agent tasks by integrating tools. It maintains performance on par with V4-Flash for pure-text agent tasks. Previously, the model was only accessible via API; developers can now download its weights to deploy it independently.
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Gemini wins arbitration, cleared of liability for the collapse of its Earn lending program.
According to CNBC, cryptocurrency platform Gemini secured a legal victory in August, with an arbitrator ruling that the exchange did not mislead users and was not liable for the collapse of its Earn lending program. The lawsuit was filed by a user of the Earn lending program in late 2024. The ruling found insufficient evidence to prove Gemini lied to customers or was negligent in its due diligence of its primary lending partner, Genesis Global Capital. Launched in 2021, the Earn program allowed users to earn annual returns of up to 7.4% by lending out their cryptocurrencies. Under the program, Gemini lent assets to institutional borrowers with Genesis acting as an intermediary. However, Gemini suspended withdrawals from the Earn program in November 2022, angering some of its over 300,000 users. The move came shortly after Genesis paused new loans and redemptions amid a liquidity crisis triggered by the 2022 crypto market downturn. Following the Earn withdrawal freeze, multiple customers filed legal complaints against Gemini. The New York Attorney General also sued Gemini over the Earn program, and reached a $50 million settlement with the company in 2024. In February 2024, Gemini announced it had reached a "principal settlement" with Genesis and other creditors in Genesis' bankruptcy case. Three months later, Earn users received $2.18 billion in digital assets in kind, equivalent to 97% of the total digital assets owed to Earn users — $1 billion more than the amount available when Genesis suspended withdrawals in 2022.
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CodexHost open-sources, integrating Claude Code, Pi, and Grok into the Codex desktop.
Beating AI Express News: Open-source project CodexHost has transformed Codex Desktop into a multi-agent workspace. It currently supports Codex, Claude Code, Pi, Oh My Pi, Grok Build, and DeepSeek Harness, allowing users to create and manage sessions for different agents within a single window. Codex Desktop is solely responsible for the unified interface, while each agent runs on its own harness—for example, Claude Code continues to use Agent SDK/CLI, and Pi retains its own RPC. CodexHost integrates these agents into Codex, preserving native capabilities such as tool calls, code diffs, approvals, and queries. Different agents can also assign tasks to each other: when Codex is writing code, users can separately launch Claude Code for code review, enabling parallel work between the two, after which Codex processes the results. This means multiple coding agents can be scheduled simultaneously within one Codex window. Installing CodexHost does not modify the official Codex or replace Codex CLI. Directly opening Codex Desktop or running Codex CLI in daily use bypasses CodexHost, which only takes effect when launched via CodexHost.
Cryptocurrencies will not be included in the tax-advantaged savings accounts Ireland plans to roll out for every adult nationwide. Ireland’s Tánaiste and Minister for Finance Simon Harris released a video outlining the plan’s framework, stating he hopes these accounts “will truly play a role in strengthening personal economic resilience.” Account holders will be able to hold stocks, bonds, mutual funds, exchange-traded funds (ETFs), and insurance products. Crypto assets are excluded, as are derivatives and interest-bearing cash. Every Irish tax resident aged 18 and above is eligible to open such an account. Contributions within the tax-free allowance will be fully exempt from tax, while amounts exceeding the limit will be taxed at a low flat annual rate. The plan has no minimum contribution requirement or minimum lock-up period, though an annual contribution cap will be set. The exact tax-free allowance and tax rate will be announced on Budget Day, October 6, with the accounts expected to open next year.
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Zhipu AI’s revenue surges fivefold in six months: APIs serve as its absolute main revenue source, though the firm still posts a net loss of nearly 2 billion yuan.
Beating AI Express: Zhipu AI has released its first semi-annual report since listing. First-half revenue reached 954 million yuan, up 399.7% year-on-year, nearly five times the level of the same period last year. Growth was mainly driven by its open platform and API business: revenue in this segment surged from 29.1 million yuan to 825 million yuan, a year-on-year jump of 2735.7%, accounting for 86.5% of total revenue. Zhipu’s revenue structure has almost reversed: the open platform and API business (charged per call) rose from 26.3% of total revenue in the whole of last year to 86.5% this period, while localized deployment dropped from 73.7% to 13.5%. The gross profit margin of its API business also improved from -0.4% in the same period last year to 24.6%, with Zhipu citing expanded call volume, price adjustments, and lower inference costs as key reasons. However, R&D investment and losses remain high: first-half R&D expenditure hit 2.131 billion yuan, up 33.6% year-on-year; adjusted net loss stood at 1.964 billion yuan, expanding 12.1% from 1.752 billion yuan in the same period last year. Meanwhile, overall gross margin fell from 50.0% to 26.4%, mainly due to the rapid shift in revenue toward cloud-based business that is still in its growth phase.
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ChatGPT to Face Tougher EU Cybersecurity Regulation
The European Commission said Monday that OpenAI’s ChatGPT will have to comply with stricter EU rules, such as removing illegal content, or face potential fines. Meanwhile, Brussels is working to clarify how its existing digital regulatory framework applies to rapidly evolving artificial intelligence services. The Commission noted that ChatGPT, social media forum Reddit, and gaming platform Roblox will be classified as so-called “very large online platforms” (VLOPs) under the EU’s Digital Services Act (DSA), the bloc’s landmark digital regulatory regime. This designation means the three services will bear additional obligations, including removing illegal content and protecting minors’ privacy and safety; non-compliance could lead to fines of up to 6% of their global revenue. The decision marks a further expansion of DSA oversight into the generative AI sector. Earlier, X’s AI chatbot Grok was already under investigation under the same law.
1 minutes ago
DeepSeek Releases Its First Open-Source Vision Model
Beating AI Insight News: DeepSeek has open-sourced the weights of DeepSeek-V4-Flash-Vision-Exp. This experimental vision model is built on V4-Flash, adding image comprehension capabilities that enable it to process screenshots, read charts, and complete agent tasks by integrating tools. It maintains performance on par with V4-Flash for pure-text agent tasks. Previously, the model was only accessible via API; developers can now download its weights to deploy it independently.
1 minutes ago
Gemini wins arbitration, cleared of liability for the collapse of its Earn lending program.
According to CNBC, cryptocurrency platform Gemini secured a legal victory in August, with an arbitrator ruling that the exchange did not mislead users and was not liable for the collapse of its Earn lending program. The lawsuit was filed by a user of the Earn lending program in late 2024. The ruling found insufficient evidence to prove Gemini lied to customers or was negligent in its due diligence of its primary lending partner, Genesis Global Capital. Launched in 2021, the Earn program allowed users to earn annual returns of up to 7.4% by lending out their cryptocurrencies. Under the program, Gemini lent assets to institutional borrowers with Genesis acting as an intermediary. However, Gemini suspended withdrawals from the Earn program in November 2022, angering some of its over 300,000 users. The move came shortly after Genesis paused new loans and redemptions amid a liquidity crisis triggered by the 2022 crypto market downturn. Following the Earn withdrawal freeze, multiple customers filed legal complaints against Gemini. The New York Attorney General also sued Gemini over the Earn program, and reached a $50 million settlement with the company in 2024. In February 2024, Gemini announced it had reached a "principal settlement" with Genesis and other creditors in Genesis' bankruptcy case. Three months later, Earn users received $2.18 billion in digital assets in kind, equivalent to 97% of the total digital assets owed to Earn users — $1 billion more than the amount available when Genesis suspended withdrawals in 2022.
1 minutes ago
CodexHost open-sources, integrating Claude Code, Pi, and Grok into the Codex desktop.
Beating AI Express News: Open-source project CodexHost has transformed Codex Desktop into a multi-agent workspace. It currently supports Codex, Claude Code, Pi, Oh My Pi, Grok Build, and DeepSeek Harness, allowing users to create and manage sessions for different agents within a single window. Codex Desktop is solely responsible for the unified interface, while each agent runs on its own harness—for example, Claude Code continues to use Agent SDK/CLI, and Pi retains its own RPC. CodexHost integrates these agents into Codex, preserving native capabilities such as tool calls, code diffs, approvals, and queries. Different agents can also assign tasks to each other: when Codex is writing code, users can separately launch Claude Code for code review, enabling parallel work between the two, after which Codex processes the results. This means multiple coding agents can be scheduled simultaneously within one Codex window. Installing CodexHost does not modify the official Codex or replace Codex CLI. Directly opening Codex Desktop or running Codex CLI in daily use bypasses CodexHost, which only takes effect when launched via CodexHost.
CrowdStrike Holdings (CRWD) stock jumped 20.5% after the cybersecurity firm posted record fiscal second-quarter results, with its CEO tying the surge in demand directly to rising artificial intelligence (AI) driven cyberattacks.
The company beat Wall Street’s revenue and profit targets and raised its full-year guidance following the report.
Record Quarter Driven by AI Threat DemandCrowdStrike reported $1.47 billion in second-quarter revenue, up 26% year over year and above the $1.44 billion analysts expected. Adjusted earnings came in at $0.31 per share, topping the $0.29 consensus estimate.
CrowdStrike is up over 20%. Image Source: Trading ViewNet new annual recurring revenue (ARR), a measure of new subscription commitments added during the quarter, hit a record $332.8 million, up 51% from a year earlier. Total ARR climbed 25% to $5.84 billion.
Founder and CEO George Kurtz tied the results to what he called the “Mythos moment.” This is a reference to Anthropic’s Mythos model launch. Reports say it is capable of exploiting previously unknown software flaws and has pushed AI security up enterprise priority lists.
“The Mythos moment translated into mass-market acceptance that AI adoption needs security, and that’s CrowdStrike. Every enterprise will run on AI, and securing it is the largest market opportunity in our history.”
George Kurtz, CrowdStrike Founder and CEO
On the earnings call, Kurtz described an “arms race” in which AI is simultaneously driving more attacks and more security spending.
CrowdStrike raised its full-year net new ARR growth forecast by 630 basis points to roughly 34% at the midpoint. It also lifted full-year revenue guidance to between $5.99 billion and $6.01 billion.
The results echo CrowdStrike’s own prior research flagging AI-driven threats, and follow Jim Cramer’s stock picks naming cybersecurity as a top 2026 theme.
The results position CrowdStrike as one of several cybersecurity vendors benefiting from mounting enterprise anxiety over AI-enabled threats, a trend likely to shape spending priorities into the next earnings cycle.
Jim Cramer called Marvell’s latest quarter solid, then warned that Marvell stock could hand back part of its 2026 gain. He sees the same risk across data center names.
The chipmaker beat Wall Street estimates on Thursday. Even so, shares slid more than 8% before Friday’s open.
Why Marvell Stock Fell After Beating EstimatesMarvell reported revenue of $2.74 billion for its second fiscal quarter. That figure climbed 37% from a year earlier and topped the $2.72 billion consensus.
Data center sales carried the quarter. The unit delivered $2.17 billion, up 46% year over year, and made up 79% of total revenue.
Profit growth looked just as strong. Net income reached $308 million, up from $194.8 million a year earlier. Adjusted earnings landed at 94 cents per share.
Management guided higher as well. Marvell pointed to about $3.15 billion for the current quarter, above the $3.04 billion analysts expected. It also raised its fiscal 2028 revenue target to $18 billion from $16.5 billion.
Nevertheless, sellers took over. Shares closed at $241.45 on Thursday, then traded near $222 in Friday’s pre-market session. That marked a drop of 8.05%.
Marvell Technology Stock Chart. Source: TradingViewBuyers had already banked a 178% gain this year. Therefore, the bar for another leg higher sat well above a narrow earnings beat.
That reaction rhymes with Broadcom’s record quarter selloff in June, when strong AI numbers still triggered a double-digit slide.
Expectations Now Drive the Data Center TradeCramer framed the drop as a valuation issue rather than an execution issue. Chief Executive Matt Murphy delivered, in his reading, but the bar sat too high.
He shared that view in a post on X shortly after the results landed.
Matt Murphy with a solid Marvell Q. The issue is, as is the case with so many of these, the monster run. We see this with so many data center stocks…
— Jim Cramer (@jimcramer) August 28, 2026 He has followed this group all year and named his AI spending cycle winners in July. Chip suppliers dominated that list.
According to Cramer, the pattern now repeats across the sector. Investors reward beats less and punish anything short of perfection.
Meanwhile, Nvidia drew a similar response one day earlier. Its Q2 earnings beat estimates, and its guidance cleared forecasts, yet the stock swung hard before recovering.
Marvell’s October 6 investor day becomes the next test. Murphy said custom silicon revenue should more than double next year. He also flagged upside bias to a $10 billion target for fiscal 2029.
The rally left little room for error. Marvell has still gained more than 225% over the past 12 months.
Risk also sits outside the income statement. A political data center backlash has entered the 2026 midterm debate. Traders, meanwhile, watch semiconductor chart setups for the next signal.
Marvell’s growth engine still runs hot. The coming weeks will show whether buyers return at these levels. Otherwise, the data center trade may need a deeper cooldown first.
Nvidia just posted one of the most impressive earnings reports in corporate history, with fiscal Q2 2027 revenue hitting $96.2 billion, a 106% jump from the prior year. And yet the conversation on Wall Street isn’t about the blowout numbers. It’s about what’s lurking underneath them.
Jim Cramer, the CNBC personality who runs the Investing Club portfolio, has stepped into the middle of a growing debate about Nvidia’s financial commitments, which analysts estimate could expose the chipmaker to somewhere between $80 billion and $200 billion in peak liabilities through 2028. His take: hold the stock, ignore the noise, focus on fundamentals.
The debt picture is getting complicated Nvidia’s gross debt has ballooned in recent months. The company issued $25 billion in senior unsecured notes in June 2026, pushing total gross debt to $33.5 billion. That’s nearly four times the $8.5 billion it carried at the end of the prior fiscal year.
But the headline debt figure is only part of the story. The more complex piece involves Nvidia’s customer financing structures and guarantees tied to major AI projects. Among the largest: commitments related to OpenAI, including a $105 billion residual-value guarantee on one initiative alone.
Multi-year service commitments across Nvidia’s customer base could total between $119 billion and $279 billion, according to analyst estimates. OpenAI’s backing for Nvidia also includes equity investments estimated around $30 billion, plus significant conditional guarantees tied to project financing.
Cramer himself drew the comparison to vendor lending during the dot-com era, when telecom equipment makers financed their customers’ purchases and then watched those loans evaporate when demand collapsed. He expressed caution about the parallel, even while supporting Nvidia’s stock after its earnings report.
Revenue growth that’s hard to argue with Data center revenue, which is the AI-driven segment that matters most, grew 117% year-over-year to $89 billion in Q2.
For Q3 of fiscal year 2027, Nvidia guided revenue of $108 billion, plus or minus 2%. The company also projected approximately 70% revenue growth for fiscal year 2028.
After Nvidia’s Q2 results dropped, Cramer urged investors to maintain long positions rather than trading around short-term volatility.
Capital management cuts both ways Nvidia’s board approved an $80 billion share buyback authorization in May 2026, a massive capital return program that signals confidence in the company’s cash generation. It also illustrates the tension at the heart of Nvidia’s financial strategy: the company is simultaneously taking on significant debt, extending enormous guarantees to customers, and returning cash to shareholders at an aggressive clip.
Shares of Nvidia traded between $196 and $219 in late July and early August 2026 as markets digested the financing concerns.
What to watch going forward Vendor financing has a long and checkered history in tech. Cisco, Lucent, and Nortel all extended generous terms to customers during the late 1990s, and all suffered when the cycle turned.
Cramer’s advice to hold rather than trade reflects a bet that the growth engine is powerful enough to outrun the balance sheet risks. For investors deciding whether to follow that advice, the key metric to watch isn’t revenue. It’s the pace at which those off-balance-sheet commitments grow relative to the cash flow that’s supposed to backstop them.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Jim Cramer told investors not to sell Meta Platforms (META) over the youth-safety trial in Oakland, California. He argued the legal pressure is temporary and the shares reward patience.
Meta stock trial risk has weighed on the shares all year. They closed Monday at $559.02, up 1.66%, valuing Meta near $1.42 trillion.
Meta Platforms (META) Stock Performance. Source: Yahoo FinanceOpening arguments in the case, brought by 29 state attorneys general, began on August 18. The states accuse Meta of designing Facebook and Instagram to be habit-forming for minors, then downplaying the danger.
Judge Yvonne Gonzalez Rogers will decide the outcome, because the jury is advisory only. She has already discarded claims tied to infinite scroll and autoplay.
Meta leans on Section 230, the federal law shielding platforms from liability over user posts. The states attack design, not content.
The $1.4 Trillion Figure Is a Ceiling, Not a DemandNo state has asked for $1.4 trillion. The number is a theoretical maximum, alleged violations multiplied by the fines written into state law.
Meta surfaced the calculation in a July 7 filing and asked the court to reject it. The states’ filings remain sealed, and they have never named a figure.
California Attorney General Rob Bonta accused Meta of promoting the number to make the case look unreasonable. Asked for a fair penalty, he pointed to revenue.
“They generated revenue of $200 billion last year, so, you know, maybe that amount would be appropriate. Maybe more. Maybe less,” Rob Bonta, quoted by NPR on Aug. 18.
New Mexico’s separate case ended in $942 million of penalties, a fraction of the number greeting the landmark youth-safety trial.
Cramer made his case on X six days ago, blaming the venue, not the merits.
“Meta trial in the worst possible district for corporate defendants, hence why the stock is being hammered. But the case, while strong enough, might not survive a supreme court review,” Jim Cramer, host of CNBC’s “Mad Money,” in a post.
Bank of America kept its Buy rating and $810 price target, implying roughly 45% upside on 16 times estimated 2027 earnings.
Mizuho is warier, comparing the case to the Big Tobacco fights of the 1990s. Forced product changes would bruise sentiment faster than any fine.
The Inverse Cramer Trade Has a Losing RecordFading Cramer is a standing market joke, and BeInCrypto covered the latest inverse Cramer episode days ago.
The record does not reward it. Tuttle Capital’s Inverse Cramer Tracker ETF (SJIM) ran from March 2023 to February 2024, losing 15% while the S&P 500 gained 25%.
Quiver Quantitative still tracks the trade, showing a 42.57% win rate and a 17.63% loss over the past year.
Selling Meta because Cramer said hold is therefore a weak thesis. Of 43 analysts tracked by TipRanks, 38 still rate the stock a Buy and none a Sell.
The consensus reads Strong Buy, with an average 12-month target of $752.38. That sits 34.59% above Monday’s close.
Targets run from $580 to $1,000, so even the lowest sits above where Meta trades today.
Meta Platforms (META) Stock Forecast & Price Target. Source: TipRanksThe stronger bear case sits with Mizuho and the remedies, not with the messenger. Meta’s bill for AI server hardware will test it long before the courtroom does.
Key Takeaways During an August 20 Mad Money broadcast from Boise, Jim Cramer described Micron as “radically undervalued” and labeled it a “national treasure” MU shares finished at $974.33, gaining approximately 4% for the session and climbing over 700% year-over-year, while trading at roughly 6x forward earnings Third fiscal quarter revenue reached $41.46 billion, representing a 346% year-over-year increase, while adjusted earnings per share of $25.11 exceeded forecasts by $3.72 CEO Sanjay Mehrotra alongside other company leaders offloaded a total of 177,179 shares valued at approximately $181.8 million during the previous quarter BMO Capital Markets launched coverage with an “outperform” designation and $1,300 price objective; Bank of America established a $1,550 target Shares of MU began Friday’s trading session at $974.33, climbing roughly 4% during the day. The chipmaker’s stock has exploded more than 700% across the trailing 12-month period, fluctuating between a low of $114.25 and reaching as high as $1,255.00.
Micron Technology, Inc., MU
Jim Cramer traveled to Micron’s Idaho headquarters on August 20 to present his investment thesis on Mad Money. Despite the stock’s extraordinary gains, he characterized the memory chip manufacturer as “radically undervalued,” emphasizing its modest forward price-to-earnings multiple of approximately six.
Cramer isn’t the only Wall Street figure expressing optimism. Bank of America incorporated MU into its Best Investment Ideas portfolio and elevated its price objective to $1,550. Meanwhile, D.A. Davidson’s Gil Luria took an even more aggressive stance, boosting his target from $1,500 to $2,000 while maintaining his Buy recommendation.
On Friday, BMO Capital Markets launched coverage with an “outperform” rating alongside a $1,300 price target. Morgan Stanley increased its objective to $1,200 with an “overweight” designation. Among 39 analysts providing coverage, 33 recommend buying while three suggest holding.
Exceptional Quarterly Performance Strengthens Bullish Outlook Micron’s third-quarter results provide substantial support for optimistic investors. Revenue soared to $41.46 billion, a dramatic increase from $9.30 billion in the same period last year. Adjusted earnings per share reached $25.11, surpassing analyst expectations by $3.72. The company’s non-GAAP gross margin expanded to 84.9%.
Company leadership projected fourth-quarter revenue around $50 billion with adjusted EPS ranging between $30 and $32. Wall Street forecasters anticipate full-year earnings per share of $72.93.
Micron has secured 16 Strategic Customer Agreements representing approximately 20% of DRAM volume, complemented by roughly $22 billion in customer deposits. These arrangements provide the company with enhanced predictability regarding future demand patterns.
CEO Sanjay Mehrotra stated that artificial intelligence has “totally changed” the memory sector and emphasized that AI expansion cannot occur without memory technology. The company also announced the launch of Micron Research Labs in Boise, supported by an anticipated $10 billion investment throughout the coming decade.
Executive Stock Sales and Buyback Constraints Under Scrutiny Company executives divested 177,179 shares valued at roughly $181.8 million throughout the past quarter. CEO Mehrotra disposed of 40,000 shares on July 24 through a Rule 10b5-1 trading plan established on January 30. EVP Sumit Sadana sold 15,000 shares on August 18 for approximately $14 million, reducing his direct ownership by 7.28%.
Predetermined trading arrangements represent standard practice for insider transactions, and these sales were documented well ahead of the recent price surge. Nevertheless, the magnitude of selling activity has captured the interest of investors monitoring management sentiment.
Micron faces limitations on substantial share repurchases due to stipulations in its CHIPS Act funding agreement. The company maintains $2.16 billion available under a $10 billion authorization, though this constraint is scheduled to lapse on December 9, 2026.
Institutional shareholders control 80.84% of MU. Significantly, Stanley Druckenmiller’s family office reportedly eliminated its Micron holdings during the second quarter, referencing valuation and volatility considerations.
Nvidia’s earnings announcement on August 26 represents a potentially significant catalyst for AI memory providers including Micron, according to market analysts.
TLDR Cramer identified four memory stocks—Micron, Western Digital, Seagate, and SanDisk—as still attractive despite major year-to-date rallies AI data center expansion has created sustained memory supply constraints, according to the Mad Money host Memory manufacturers have adopted build-to-order strategies instead of speculative capacity expansion Substantial share repurchase programs are channeling capital back to investors rather than into new production facilities Among the four, Cramer expressed strongest conviction in Micron, which his Charitable Trust recently added to its portfolio During Monday’s broadcast of CNBC’s “Mad Money,” Jim Cramer made the case that four memory sector stocks haven’t exhausted their upside potential, despite posting some of 2026’s most impressive percentage gains.
The stocks Cramer highlighted were SanDisk, Seagate, Micron, and Western Digital. Performance numbers for these companies have been remarkable this year: SanDisk has surged 653%, Seagate has climbed 261%, Micron has risen 254%, and Western Digital has advanced 211%.
Sandisk Corporation, SNDK
The core of Cramer’s thesis centers on fundamental supply-demand dynamics. Artificial intelligence infrastructure requires massive memory capacity, while production hasn’t scaled sufficiently to meet that demand. Cramer referenced statements from Elon Musk on X platform identifying memory availability as the primary constraint limiting data center buildout.
Industry Adopts Disciplined Production Approach According to Cramer, these memory companies have fundamentally altered their business approach. Rather than expanding production capacity aggressively to capture market share, they’re manufacturing exclusively against confirmed orders backed by extended contracts. This strategic pivot, Cramer suggested, could prevent the cyclical oversupply crashes that have historically plagued the semiconductor memory sector.
“They are basically building only to suit,” Cramer explained. He noted that constructing new semiconductor fabrication plants requires multiple years, eliminating the possibility of quick supply increases in the immediate future.
Capital allocation through buybacks reinforces his investment thesis. SanDisk maintains authorization for $15.5 billion in share repurchases, Seagate is executing a $5 billion program initiated in the previous year, and Western Digital expanded its repurchase authorization by $4 billion earlier in 2026.
Cramer Singles Out Micron as Strongest Opportunity Among these four companies, Cramer expressed particular enthusiasm for Micron. The CNBC Investing Club’s Charitable Trust, which serves as Cramer’s model portfolio, established a position in Micron the previous week following a price decline that coincided with weakness in South Korean chip manufacturers.
“I think Micron can double again before the boom comes to an end,” Cramer stated, though he acknowledged that weakening data center demand would undermine this projection.
The decline extended into Tuesday’s session. Micron shares decreased 4.7% during premarket trading to $963.79, falling back under the $1,000 threshold the stock had surpassed one day earlier. SK Hynix declined 5.1% in U.S. premarket activity, while SanDisk dropped 5.5%.
The selloff reflected broader pressure from climbing bond yields, which weighed on semiconductor stocks generally amid geopolitical uncertainty stemming from Middle Eastern developments.
Tuesday’s weakness notwithstanding, equity analysts maintain an average Micron price objective of $1,549, based on FactSet data. The shares have appreciated more than 700% during the trailing twelve months.
Cramer acknowledged potential headwinds. Decelerating data center investment or substantial new production from competitors such as Samsung could terminate the rally. While recognizing he’s not entering these positions early, Cramer expressed confidence he isn’t too late either.
“Sometimes the opportunity is too great and you can’t afford not to take it,” he concluded.
According to analysis by Jim Osman, a Forbes columnist, Anthropic’s potential initial public offering (IPO) could serve as a key milestone for testing the investment logic underpinning the AI boom. The company’s annualized revenue run rate has climbed from $14 billion in February to over $47 billion in May, while its latest private valuation has surged from $380 billion in February to $965 billion. Markets are even debating whether its IPO valuation could top $2 trillion, though the company has yet to disclose an offering price or final listing timeline.
Osman pointed out that Anthropic’s growth is highly impressive, but this also means much of its future success may already be factored into its valuation. The firm filed a confidential IPO application on June 1, and while preparing for its public listing, it must continue pouring massive capital into maintaining its competitiveness in cutting-edge AI models. In May, Anthropic raised $65 billion in funding, with a portion earmarked for expanding computing power. The company has secured an additional 5GW computing power deal with Amazon, plus another 5GW next-generation TPU computing partnership with Google and Broadcom, and also has access to SpaceX’s GPU capacity. The report added that Anthropic has committed to investing more than $100 billion in Amazon Web Services (AWS) over the next decade.
Osman believes investors need to focus not only on whether AI technology continues to advance, but also on how future profits will ultimately be split among model developers, chipmakers, cloud service providers, data centers, and software firms. For Anthropic, the critical factors are how much of its revenue can eventually be converted into cash, how much capital must be reinvested to sustain technological leadership, and whether it can preserve pricing power and long-term returns amid intensifying competition.
Relevant content
JPMorgan Chase has terminated its banking relationship with Polymarket over regulatory concerns.
According to a Wall Street Journal report, sources familiar with the matter said JPMorgan Chase terminated its banking relationship with prediction market platform Polymarket last October due to regulatory concerns. However, the bank still maintains partial partnerships with Polymarket and other prediction market firms. A Polymarket spokesperson noted that the company currently has "close and active relations" with JPMorgan through multiple entities. Over the past year, Polymarket CEO Shayne Coplan has attended JPMorgan-hosted events three times. Earlier this year, a major investor in Polymarket assisted the firm in reaching out to large banks including Citigroup and Fifth Third.
Currently, prediction markets are facing heightened scrutiny from U.S. state and federal regulators. The U.S. Commodity Futures Trading Commission (CFTC) is investigating Polymarket, while the New York City Council is also probing its marketing practices; simultaneously, multiple states are engaged in ongoing litigation over whether prediction markets should be regulated as gambling operations.
JPMorgan has previously come under the Trump administration’s spotlight over so-called "debanking" issues. Trump has ordered regulators to probe whether banks engage in "politicized or illegal debanking" practices, and JPMorgan received a subpoena from the U.S. Department of Justice last month as a result.
6 hours ago
Fed's Goolsby: More evidence needed to confirm inflation is falling
Chicago Federal Reserve President Austan Goolsbee said recent Consumer Price Index (CPI) data is encouraging, but inflation remained elevated in May and June. If the momentum from June persists over the next three to four months, policymakers can be confident prices are steadily returning to the 2% target, he noted. He backed holding interest rates steady in July, pointing out that inflation remains the top concern while the economy and employment have "broadly held stable." Goolsbee warned that a sustained drop in retail sales would spark worries, as consumption is a key pillar of the U.S. economy. Separately, he expressed concern over the recent slowdown in productivity growth, stating that if AI-driven growth is not sustainable, the narrative around AI and monetary policy will need to be re-evaluated. On the question of reducing the number of policy meetings, Goolsbee said he has no strong stance and is willing to wait for the working group’s recommendations. (Jinshi)
6 hours ago
Elon Musk: Orbit computing could become the only way to scale AI by 2029.
Elon Musk stated in a post that due to issues with power availability and regulatory approvals for ground-based data centers, orbital computing — also known as space-based computing platforms — may become the only way to continue scaling up AI by some point in 2029.
6 hours ago
Suspect in UnitedHealth Group CEO shooting pleads guilty to federal charges.
Luigi Mangione has formally pleaded guilty in the fatal shooting of UnitedHealth Group CEO Brian Thompson. A federal judge has set Mangione’s sentencing date for December 18. Mangione told the court during the hearing that he entered a guilty plea in his federal criminal case, admitting to shooting Thompson. The plea agreement will prevent the high-profile case from proceeding to a federal trial. Additionally, the guilty plea may enable Mangione to seek dismissal of New York state murder charges and delay the upcoming state trial. Mangione currently faces both federal and state charges. The state trial is scheduled for September 8. If convicted of second-degree murder, Mangione faces a sentence of 25 years to life in prison. (CCTV)
6 hours ago
Federal Reserve’s Goolsbee: CPI Data Is Encouraging, Supports Decision to Hold Interest Rates Steady in July
Fed’s Goolsbee says CPI data is encouraging, but more data is needed to reach a judgment. The latest two productivity readings are very disappointing, backing the decision to hold interest rates steady in July. If productivity continues to decline, expectations around AI will need to be re-evaluated.
6 hours ago
SoftBank cuts its TSMC holdings by 71.5% to 565,000 ADRs.
US Securities and Exchange Commission (SEC) filings show that SoftBank Group cut its stake in TSMC (TSM.N) by 71.5% to 565,000 depositary receipts.
Eli Lilly (LLY) posted a blowout quarter, and Mad Money says the GLP-1 drugmaker’s stock story is far from over.
Jim Cramer and CNBC analyst Jeff Marks called Eli Lilly and Nvidia top momentum stocks.
Why Eli Lilly’s GLP-1 Stock Still Has Room to RunThe comment came during a viewer question about how price targets get set. Cramer raised Eli Lilly and Nvidia’s runs specifically when asking about the process.
Marks, the CNBC Investing Club’s portfolio analyst, said stocks like these need a longer time horizon than most.
“Stocks like that you also have to look out years out in advance, too. Especially in the case of Eli Lilly, where it’s more of towards the end of the decade is where it’s GLP-1 sales.”
— Jeff Marks, CNBC Investing Club portfolio analyst, on Mad Money
Eli Lilly’s second-quarter results back that framing. Revenue hit $23 billion, up 48% year over year. A 60% jump in sales volume offset a 13% drop in realized prices.
Management raised full-year revenue guidance to a range of $85 billion to $87 billion. Mounjaro sales rose 91% to $9.9 billion worldwide. Zepbound’s U.S. revenue grew 44% to $4.9 billion.
Cramer’s other 2026 stock picks lean on similarly durable, multi-year themes rather than short-term trades.
Global GLP-1 Demand Is Still EarlyEli Lilly’s international business is growing even faster than its U.S. business. Revenue outside the U.S. jumped 80% to $8.6 billion in the quarter, while volume surged 113%.
Eli Lilly is up 88% in the last 12 months. Image Source: Trading ViewThat growth came even as prices outside the U.S. fell 36%. The decline followed Mounjaro’s addition to China’s National Reimbursement Drug List (NRDL), a program covering drug costs under public insurance.
Lower prices widen access for millions of new patients, even as they compress near-term margins. Morgan Stanley expects the global obesity and diabetes drug market to nearly double by 2035.
The firm projects $190 billion in sales, up from $79 billion in 2025. Oral GLP-1 pills and expanding insurance coverage are the main drivers behind that forecast.
For Marks and Cramer, runway and scale are why Eli Lilly’s momentum looks built for years, not quarters.
Ethereum's staked ETH reaches an all-time high, with over 41.7 million ETH making up one-third of its total circulating supply.
Data shows that the amount of Ethereum (ETH) staked has hit an all-time high, with around 41.7 million ETH currently locked in staking, accounting for roughly one-third of Ethereum’s total supply. Meanwhile, ETH’s price has been weak, falling from about $3,400 in January this year to around $1,900, yet its staking scale keeps expanding. Market analysis points out that as Ethereum’s staked volume grows, the staking reward mechanism continues to generate returns: validators keep earning rewards and reinvest a portion of these proceeds into staking, further boosting the size of staked ETH. The rising staking ratio of ETH signals that long-term holders and institutions’ confidence in Ethereum’s network security and future ecosystem development is growing, though the large amount of ETH locked in staking may also affect market liquidity.
51 minutes ago
Trump: Will Include Compensation Issues in Future U.S.-Iran Negotiations
US President Trump posted a statement saying Iran is demanding compensation for losses it incurred from military conflicts over the past five months. I am also demanding compensation from Iran, and have instructed my representatives to firmly raise this demand in all future negotiations.
51 minutes ago
F2Pool co-founder Wang Chun opposes the BIP-54 proposal, stating he will update nodes if the proposal meets standards via the BIP-9 mechanism.
F2Pool co-founder Wang Chun stated in a post that his mining pool does not currently support the BIP-54 proposal. However, if the proposal strictly follows BIP-9 (Bitcoin Improvement Proposal activation mechanism) and meets the required absolute majority signal threshold, his team will update the pool's nodes. Wang Chun added that his team will not participate in BIP-54's signal voting until the formal activation conditions are satisfied. BIP-54 is one of the protocol upgrade proposals under recent discussion in the Bitcoin community, concerning adjustments to Bitcoin's consensus rules. Wang Chun's remarks reflect that some miners remain cautious about the proposal, preferring to advance upgrades via the standardized BIP-9 process and community consensus.
51 minutes ago
Nvidia partners with multiple firms, including BlackRock and Blackstone, on a $500 billion AI financing deal.
According to market sources, NVIDIA is collaborating with multiple companies on a $500 billion AI financing deal, including Apollo, Blackstone, and BlackRock. BlockBeats previously reported that on July 28, NVIDIA and OpenAI were in discussions over a roughly $500 billion mega AI data center project located in southern Ohio, USA, with a projected maximum power capacity of 10GW, potentially making it the world’s largest data center project. The report noted that NVIDIA may provide around $250 billion in funding to OpenAI for leasing a data center campus developed by SoftBank’s energy subsidiary SBEnergy. The project’s total cost is expected to exceed $500 billion, including up to $350 billion in AI chip purchases. The first phase of the data center is scheduled to be completed in 2028, with an initial power capacity of approximately 800MW. If fully implemented, its 10GW power scale will far outpace most current large-scale AI infrastructure projects, equivalent to meeting the electricity needs of around 8.4 million American households.
51 minutes ago
Viewpoint: The current selling pressure on Bitcoin mainly stems from Binance and OKX, while Coinbase and the futures market continue to accumulate Bitcoin.
Analysts attribute the recent drop in Bitcoin’s price primarily to net selling activity on Binance and OKX’s spot markets. The net selling volume on both exchanges continues to swell, representing a major source of downward pressure for the current market. By comparison, Coinbase’s spot market has remained in net buying territory, suggesting that some institutional capital is still accumulating Bitcoin on dips. At the same time, buying momentum in Bitcoin’s futures market is strengthening rapidly. Data indicates that amid the price correction, large investors (whales) in the futures space are consistently purchasing Bitcoin, signaling that some funds are leveraging the downturn to open long positions.
51 minutes ago
Spot silver breaks through $65 per ounce, rising 2.66% on the day.
According to Bitget market data, spot silver has broken above $65 per ounce, gaining 2.66% intraday. Spot gold is currently trading at $4360.96, up 0.46% on the day.
Key Takeaways CNBC’s Mad Money host Jim Cramer praised LMT as “sensational,” highlighting robust company fundamentals Second quarter 2026 net profits reached $1.836 billion, a massive jump from $342 million in the same period last year Company achieved unprecedented backlog of $230.4 billion, fueled by $65 billion in fresh orders this quarter Secured more than $90 billion in contracts for PAC-3 and THAAD missile defense systems Management elevated full-year 2026 earnings per share projection to $29.95-$30.65; shares have climbed 21.12% this year Shares of Lockheed Martin (LMT) began Friday’s trading session at $587.12, gaining 0.7% during the day’s action, marking a 21.12% advance year-to-date that significantly outpaces the S&P 500’s 12.92% gain during the identical timeframe.
Lockheed Martin Corporation, LMT
During the August 6 Lightning Round segment on Mad Money, Jim Cramer delivered an unambiguous endorsement of the aerospace and defense giant. He described the stock as “sensational” while praising CEO Jim Taiclet as “fantastic.” Cramer’s commentary left little room for interpretation.
The second quarter 2026 financial results validate his enthusiasm. Net revenues reached $20.1 billion, representing an 11% increase from the prior year period. Earnings per share on a diluted basis totaled $7.94, a substantial improvement from $1.46 in Q2 2025. Free cash generation stood at $2.9 billion, a dramatic reversal from the negative $150 million recorded twelve months earlier.
Last year during the same quarter, the company faced $1.6 billion in program-related losses that reduced net earnings to just $342 million. This year’s Q2 2026 performance produced net earnings of $1.836 billion. The transformation extends beyond simply exceeding expectations—it represents a fundamental operational reversal.
Operating profit across business segments surged 279% year-over-year to $2.162 billion. The Missiles and Fire Control division delivered particularly strong performance, generating $4.1 billion in sales (up 19% year-over-year) while operating profit increased 24%.
Unprecedented Backlog Growth and Strategic Contract Victories Lockheed concluded the second quarter with an all-time record backlog totaling $230.4 billion, up considerably from $193.6 billion at the close of 2025. During just the recent quarter, the defense contractor secured $65 billion in new business.
This substantial backlog equates to approximately three years of revenue based on current operational pace. Such visibility into future earnings provides a competitive advantage that few defense industry peers can match.
The individual contracts fueling this backlog are substantial. During July 2026, Lockheed obtained a seven-year contract modification valued at up to $53.86 billion for PAC-3 Missile Segment Enhancement interceptors. The previous month brought a contract worth up to $35 billion for THAAD interceptor systems. Earlier in the year, the company added a $1.9 billion extension supporting the C-130J training program.
Combined, these two missile defense programs alone represent more than $90 billion in contract value secured within weeks.
To accommodate increased production demands, Lockheed unveiled an $8 billion to $9 billion capital investment initiative extending through 2030 to expand over 20 manufacturing sites throughout the United States. New production facilities are under construction in Camden, Arkansas, and Troy, Alabama.
Analyst Community Maintains Conservative Stance Notwithstanding the impressive financial performance, Wall Street analysts maintain a cautious position. The consensus recommendation stands at “Hold” with a mean price objective of $626.33. JPMorgan established a $620 price target. Wells Fargo placed its target at $600. TD Cowen actually reduced its target from $600 down to $560.
Wall Street Zen and DZ Bank represent notable exceptions, both upgrading LMT to “strong buy” recommendations. However, the majority of covering analysts continue adopting a wait-and-see approach.
Lockheed increased its full-year 2026 earnings per share outlook to a range of $29.95-$30.65. The free cash flow forecast was similarly elevated to $7.0 billion-$7.2 billion. Revenue projections now call for $79.75 billion-$81.75 billion, implying roughly 8% year-over-year expansion.
The corporation additionally announced a quarterly dividend payment of $3.45 per share, scheduled for distribution on September 25, yielding 2.4% annually. Institutional ownership accounts for 74.19% of outstanding shares. Victrix Investment Advisors expanded its LMT position by 15.4% during Q2, increasing its holdings to approximately $7.07 million.
LMT currently trades between a 52-week high of $692.00 and a 52-week low of $423.91.
Key Takeaways Cramer advocates for theme-based investing rather than individual stock picking following the S&P 500’s record close at 7,737 Five core themes identified: consumer resilience, AI infrastructure buildout, cybersecurity expansion, merger activity, and healthcare diversification Cybersecurity selections Palo Alto Networks and CrowdStrike have rallied over 102% and 89% respectively year-to-date in 2026 Semiconductor equipment manufacturers Applied Materials, Lam Research, and KLA have posted substantial gains amid Bank of America’s $1.18 trillion cloud infrastructure projection Financial services picks Capital One and American Express trade lower year-to-date despite reporting robust earnings performance During his latest Mad Money broadcast, Jim Cramer outlined an investment strategy for navigating the remainder of 2026. His core recommendation: shift focus from individual equity selection to identifying and following dominant market trends.
With the S&P 500 reaching a record closing high of 7,737 and the Dow Jones Industrial Average surpassing 54,000 for the first time, Cramer emphasized that successful stock picking at current market levels requires understanding broader market dynamics.
“I love themes. They help you craft a portfolio of stocks with the wind at their backs, not in their faces,” he explained during the segment.
Drawing from recent quarterly earnings reports, Cramer outlined five distinct investment themes. Each category is supported by concrete financial data emerging from corporate earnings releases.
Consumer Spending Remains Robust Cramer’s opening theme centers on the durability of consumer spending patterns. According to his analysis, quarterly results from financial institutions, hospitality companies, and retail chains paint a more optimistic picture than prevailing market sentiment suggests.
“We’ve been told over and over that the consumer’s totally stretched,” he noted. “The companies are saying otherwise.”
Within this category, Cramer highlighted Capital One and American Express as preferred financial services plays, alongside Ralph Lauren and Williams-Sonoma representing the retail sector. American Express disclosed a 9% increase in card member spending during Q2, marking its strongest growth rate in three years.
American Express Company, AXP
Despite strong operational performance, Capital One has declined 12.17% while American Express has fallen 8.54% during 2026. Williams-Sonoma stands as the category leader with a 34% gain.
AI Infrastructure, Cybersecurity, Dealmaking, and Medical Innovation Cramer’s second investment theme emphasizes AI infrastructure development. His strategy prioritizes semiconductor manufacturing equipment producers over memory chip purchasers. Specific recommendations include Lam Research, KLA, and Applied Materials.
Bank of America recently elevated its global cloud infrastructure spending forecast to $1.18 trillion for 2027 and maintains buy ratings on all three companies. Applied Materials has surged over 100% in 2026, while Lam Research has climbed 68%.
His third theme addresses the cybersecurity sector. Cramer dismissed concerns that artificial intelligence development would diminish security software demand, noting that cyber threats have actually intensified.
CrowdStrike disclosed 26% revenue growth to $1.39 billion in its latest quarterly report. Palo Alto Networks has appreciated over 102% in 2026, while CrowdStrike has advanced 89%.
Theme four concentrates on corporate consolidation activity. Cramer anticipates continued dealmaking momentum given the current regulatory environment. His preferred vehicles are Goldman Sachs and Morgan Stanley. Goldman’s investment banking division generated $3.4 billion in quarterly revenue, representing its strongest performance since 2021.
The fifth and final theme targets the healthcare sector. Cramer spotlighted Eli Lilly and Johnson & Johnson as methods to achieve portfolio diversification beyond technology exposure. Eli Lilly shares have appreciated nearly 39% following its first-quarter earnings release, propelled by strong demand for its weight management and diabetes medications.
Cramer cautioned that each thematic approach contains inherent risks. Elevated valuations in cybersecurity equities, potential deceleration in cloud infrastructure investment, or weakening employment conditions could negatively impact the associated recommendations.
“You can pick a travel stock, a semiconductor capital equipment maker, a cybersecurity company, something that works in the M&A world, or medtech and you’ll greatly increase your chances of making money for the rest of 2026,” he concluded.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.
GM!
Today’s top news:
Crypto majors slightly green while stocks hit new ATHs; BTC +0.5% at $64.1k BTC ETF inflows reach $380M in first 2 sessions this week Justin Drake and others propose EIP-8361 to curb ETH inflation Cloudflare launched Cloudflare Wallets geared towards AI agent payments CASHCAT soars 40% to $96M leading broad Robinhood Chain rebound 🔮 Jim Cramer Is Selling His Bitcoin Over the Quantum Threat
CNBC host Jim Cramer said he’s selling his Bitcoin, this time over fears of quantum computing.
The decision came on air, after Cramer interviewed IBM CEO Arvind Krishna and asked whether quantum computers could eventually crack the cryptography protecting his coins. “I think that you should give yourself three or four years,” Krishna replied, “and at that point, I would get rather paranoid about it.” Cramer didn’t wait. “Arvind Krishna knows quantum incredibly. He knows Bitcoin and quantum. And I’m going to sell mine,” he said, adding that Ethereum might be “even worse.” Bitcoin rose about 1.6% the day he announced it.
Crypto traders greeted the news with open glee, invoking the “inverse Cramer” trade, the running joke that the reliable move is the opposite of whatever he recommends. “Thank you Jim!” read one top reply. Of course, Cramer has a history of selling the bottom. Cramer said he’d dumped all his crypto and wouldn’t touch it “in a million years” in December 2022 with Bitcoin near $16,800, and it gained more than 400% over the next three years.
But Cramer’s poor track record aside, the quantum threat is a very real one for crypto. AI was credited with the recent Coldcard exploit, which has passed $100M in losses. And it came after a string of DeFi hacks and exploits totalling well over $300M. The hard part to fathom—this is the worst these models are ever going to be.
With that said, the silver lining is a major security incident like the Coldcard one may be exactly what crypto teams needed to take the quantum threat seriously and begin taking action. Protocols like ZEC went on the offensive and used frontier AI to find exploit vectors in their own cryptography (and they found them, and patched them). ZEC sold off of course, but has since rebounded swiftly. Other protocols should follow their lead, and ASAP.
So Jim Cramer is right to be concerned. Will he end up selling the bottom for the 2nd cycle in a row? We will find out soon enough…
🌎 Macro Crypto and Markets Crypto majors are slightly green while stocks hit new ATHs; BTC +0.5% at $64.1k; ETH even at $1,868; SOL even at $73.70; HYPE +3% at $57 Top alt movers include PUMP (+13%), ZEC (+6%) and LIT (+3%) Oil -5% at $76.20; Gold +1.9% at $4,230 Stock futures are green again after making new ATHs on Tuesday; DOW +0.4%, Nasdaq +0.2% SpaceX topped Wall Street revenue forecasts but booked a $540M Bitcoin markdown, with its 18,712 BTC falling in value to $1.10B from $1.64B Justin Drake and five other researchers proposed EIP-8361 to curb Ethereum inflation, a "Tapered Issuance Burn" that would destroy a rising share of validator rewards as staking grows, cutting yield to about 1% at today's ~33% staked and to 0% once half of all ETH is staked Cloudflare launched Cloudflare Wallets, letting AI agents autonomously pay for APIs and content via x402 stablecoin micropayments within human-set spending guardrails Circle posted $701 million in Q2 revenue as USDC circulation grew 19% to $73.3 billion and adjusted EBITDA rose 8% to $143 million, with its Arc mainnet slated for September 16 (CRCL +5%) Ledger weighed in on the Coldcard exploit as AI reshapes wallet security, arguing the attack marks a turning point where AI-driven vulnerability hunting forces hardware makers to rethink how they audit and defend their firmware Wells Fargo will offer tokenized deposits for 24/7 corporate payments, joining JPMorgan and Citi in the race to move Wall Street’s settlement rails onchain Samsung is poised to become a dominant stablecoin distributor, according to analysts, with its wallet’s reach across hundreds of millions of devices positioning it as a major on-ramp for stablecoin payments BitGo’s WBTC moved to Chainlink, pushing the LayerZero-to-Chainlink tally near $15 billion Corporate Treasuries & ETFs
The Bitcoin ETFs saw $211M in net inflows on Tuesday; the ETH ETFs saw $53M in inflows Meme Coin Tracker
Meme leaders were mostly red; DOGE -1%, SHIB -3%, PEPE -2%, PENGU -1%, TRUMP -1%, BONK even Robinhood chain was very green led by Cashcat (+40% to $96M), Tendies (+38%) and Frong (+78%); PONS steady at $20M after releasing V2 Solana leaders included Cupsey (+58%), Stonk (+165%) and Kimchi (+90%); CATE fell another 40% to $18M, ANSEM -7% to $170M 💰 Token, Airdrop & Protocol Tracker Uniswap teased its new product "pools dot trade" launching today New Solana launchpad StonkFun caught momentum on Tuesday, as it pairs pre-IPO stocks with memecoins Proof of Play is winding down after failing to find a sustainable model, open-sourcing its code and freeing its Pirate Nation IP under CC0, while the PIRATE token lives on independently (PIRATE at $1M after reaching $100M+) The Eliza project founded by Shaw Walters is officially shutting down and winding down it foundation, turning the token and remaining treasury over to a group of holders 🚚 What is happening in NFTs? NFT leaders were slightly red; Punks -1% at 31.7 ETH, BAYC -1% at 8.33 ETH, Pudgy even at 3.87 ETH; Stonkbrokers -8% to 5.9 ETH Merry Men (+550%), pyo (+50%) and Zaibatsu (+15%) led top movers TokenWorks announced 30% buybacks for FWA using historical platform fees alongside the 80% go-forward buybacks, as the token went live for trading at 3 pm ET yesterday (FWA -20% to $7M) Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.
GM!
Today’s top news:
Crypto majors slightly green while stocks hit new ATHs; BTC +0.5% at $64.1k BTC ETF inflows reach $380M in first 2 sessions this week Justin Drake and others propose EIP-8361 to curb ETH inflation Cloudflare launched Cloudflare Wallets geared towards AI agent payments CASHCAT soars 40% to $96M leading broad Robinhood Chain rebound 🔮 Jim Cramer Is Selling His Bitcoin Over the Quantum Threat
CNBC host Jim Cramer said he’s selling his Bitcoin, this time over fears of quantum computing.
The decision came on air, after Cramer interviewed IBM CEO Arvind Krishna and asked whether quantum computers could eventually crack the cryptography protecting his coins. “I think that you should give yourself three or four years,” Krishna replied, “and at that point, I would get rather paranoid about it.” Cramer didn’t wait. “Arvind Krishna knows quantum incredibly. He knows Bitcoin and quantum. And I’m going to sell mine,” he said, adding that Ethereum might be “even worse.” Bitcoin rose about 1.6% the day he announced it.
Crypto traders greeted the news with open glee, invoking the “inverse Cramer” trade, the running joke that the reliable move is the opposite of whatever he recommends. “Thank you Jim!” read one top reply. Of course, Cramer has a history of selling the bottom. Cramer said he’d dumped all his crypto and wouldn’t touch it “in a million years” in December 2022 with Bitcoin near $16,800, and it gained more than 400% over the next three years.
But Cramer’s poor track record aside, the quantum threat is a very real one for crypto. AI was credited with the recent Coldcard exploit, which has passed $100M in losses. And it came after a string of DeFi hacks and exploits totalling well over $300M. The hard part to fathom—this is the worst these models are ever going to be.
With that said, the silver lining is a major security incident like the Coldcard one may be exactly what crypto teams needed to take the quantum threat seriously and begin taking action. Protocols like ZEC went on the offensive and used frontier AI to find exploit vectors in their own cryptography (and they found them, and patched them). ZEC sold off of course, but has since rebounded swiftly. Other protocols should follow their lead, and ASAP.
So Jim Cramer is right to be concerned. Will he end up selling the bottom for the 2nd cycle in a row? We will find out soon enough…
🌎 Macro Crypto and Markets Crypto majors are slightly green while stocks hit new ATHs; BTC +0.5% at $64.1k; ETH even at $1,868; SOL even at $73.70; HYPE +3% at $57 Top alt movers include PUMP (+13%), ZEC (+6%) and LIT (+3%) Oil -5% at $76.20; Gold +1.9% at $4,230 Stock futures are green again after making new ATHs on Tuesday; DOW +0.4%, Nasdaq +0.2% SpaceX topped Wall Street revenue forecasts but booked a $540M Bitcoin markdown, with its 18,712 BTC falling in value to $1.10B from $1.64B Justin Drake and five other researchers proposed EIP-8361 to curb Ethereum inflation, a "Tapered Issuance Burn" that would destroy a rising share of validator rewards as staking grows, cutting yield to about 1% at today's ~33% staked and to 0% once half of all ETH is staked Cloudflare launched Cloudflare Wallets, letting AI agents autonomously pay for APIs and content via x402 stablecoin micropayments within human-set spending guardrails Circle posted $701 million in Q2 revenue as USDC circulation grew 19% to $73.3 billion and adjusted EBITDA rose 8% to $143 million, with its Arc mainnet slated for September 16 (CRCL +5%) Ledger weighed in on the Coldcard exploit as AI reshapes wallet security, arguing the attack marks a turning point where AI-driven vulnerability hunting forces hardware makers to rethink how they audit and defend their firmware Wells Fargo will offer tokenized deposits for 24/7 corporate payments, joining JPMorgan and Citi in the race to move Wall Street’s settlement rails onchain Samsung is poised to become a dominant stablecoin distributor, according to analysts, with its wallet’s reach across hundreds of millions of devices positioning it as a major on-ramp for stablecoin payments BitGo’s WBTC moved to Chainlink, pushing the LayerZero-to-Chainlink tally near $15 billion Corporate Treasuries & ETFs
The Bitcoin ETFs saw $211M in net inflows on Tuesday; the ETH ETFs saw $53M in inflows Meme Coin Tracker
Meme leaders were mostly red; DOGE -1%, SHIB -3%, PEPE -2%, PENGU -1%, TRUMP -1%, BONK even Robinhood chain was very green led by Cashcat (+40% to $96M), Tendies (+38%) and Frong (+78%); PONS steady at $20M after releasing V2 Solana leaders included Cupsey (+58%), Stonk (+165%) and Kimchi (+90%); CATE fell another 40% to $18M, ANSEM -7% to $170M 💰 Token, Airdrop & Protocol Tracker Uniswap teased its new product "pools dot trade" launching today New Solana launchpad StonkFun caught momentum on Tuesday, as it pairs pre-IPO stocks with memecoins Proof of Play is winding down after failing to find a sustainable model, open-sourcing its code and freeing its Pirate Nation IP under CC0, while the PIRATE token lives on independently (PIRATE at $1M after reaching $100M+) The Eliza project founded by Shaw Walters is officially shutting down and winding down it foundation, turning the token and remaining treasury over to a group of holders 🚚 What is happening in NFTs? NFT leaders were slightly red; Punks -1% at 31.7 ETH, BAYC -1% at 8.33 ETH, Pudgy even at 3.87 ETH; Stonkbrokers -8% to 5.9 ETH Merry Men (+550%), pyo (+50%) and Zaibatsu (+15%) led top movers TokenWorks announced 30% buybacks for FWA using historical platform fees alongside the 80% go-forward buybacks, as the token went live for trading at 3 pm ET yesterday (FWA -20% to $7M) Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Jim Cramer says he is selling his Bitcoin after IBM CEO Arvind Krishna told him to get "paranoid" about crypto's cryptography within three or four years. The warning follows a July 30 IBM and University of Chicago demonstration of verified quantum advantage. Traders invoked the "Inverse Cramer" trade, a pattern so established that a fund once existed purely to bet against his picks. CNBC host and long-time crypto critic Jim Cramer is out on Bitcoin—again. This time it's over fears of the coming quantum computing threat, and it sounds like he might be out for good. Which is music to the ears of Bitcoin investors everywhere who prefer to be on the opposite side of the "Cramer trade."
"Should I be more careful?" Cramer asked late last week while interviewing IBM CEO Arvind Krishna, worried about whether quantum computers would be able to steal his coins.
"I think that you should give yourself three or four years," Krishna replied, "and at that point, I would get rather paranoid about it."
Cramer did not wait three or four years. "I realize I'm waiting. Ethereum, really, maybe even worse. So I think that people have to take this man seriously because they're doing commercial quantum," he said while commenting on his interview. "Arvind Krishna knows quantum incredibly. He knows Bitcoin and quantum. And I'm going to sell mine."
"He's the man," Cramer continued. "Three, four years. David, you know when three, four years is going to happen? Like tomorrow."
The clip went around fast, pulling 89,000 views on X, and over 9,000 views on YouTube.
"Thank you Jim!" read one of the top replies. "Letssss goooooooooooo," went another. One user simply asked: "I thought he already did."
crypto twitter knows exactly where this is going
— DΔVO | SOLST/CE (@defidavo) August 4, 2026
Every time Cramer says sell, I add to my position. Been doing it since 2018. The inverse Cramer index remains undefeated.
— Bitcoin & Barbells (@Btcbarbells) August 4, 2026
The inverse Cramer tradeThat gratitude isn't sarcasm so much as strategy. Traders have spent years tracking the "inverse Cramer" pattern—the running joke that the reliable move is whatever he didn't say.
Somebody built a fund on it. Tuttle Capital launched the Inverse Cramer Tracker ETF in 2023, betting against his picks, alongside a Long Cramer fund betting with them. Both closed. The long version died first, the short version followed in February 2024 with $2 million in assets.
"We started it in order to point out the danger of following TV stockpickers, Jim Cramer specifically, and the total lack of accountability," portfolio manager Matthew Tuttle said. "We feel like we have accomplished that mission."
The Bitcoin record is why the meme stuck. Cramer said he'd sold everything and wouldn't touch crypto "in a million years" in December 2022, with Bitcoin at $16,796. It gained more than 400% over the next three years.
He reversed course in January 2024, calling Bitcoin a "technological marvel" that's "here to stay." He has also dared people to bet against him and pushed back on claims he called the top. Last Christmas, tracker Unbias logged his calls as fully bearish while Bitcoin sat near $87,500.
Bitcoin rose about 1.6% on the day he announced the sale.
It's worth noting, though, that no one we're aware of has confirmed the size of his position, or that it even exists. Cramer hasn't publicly shared any Bitcoin wallet addresses, so there's no way to check.
The part that isn't a jokeThe underlying research behind quantum is real, even if the timeline is arguable.
On July 30, IBM and University of Chicago researchers demonstrated quantum advantage with something previous milestones lacked—verification. Using 70 logical qubits and a new error-correction method, they ran a computation in about 15 minutes that classical methods can't feasibly reproduce, and proved the answer was right. That's the "Chicago study" Cramer kept referencing, and Decrypt covered what it means for Bitcoin.
Sampling circuits is not breaking elliptic curve cryptography. Those are different problems, and the second one needs machines far beyond anything demonstrated.
But the exposure is genuine. Coinbase's quantum advisory council estimates roughly 7 million Bitcoin could eventually be vulnerable through exposed public keys and address reuse. Ark Invest and Unchained call the threat real but not imminent. Post-quantum standards exist, and Bitcoin developers have been arguing about how to adopt them for years.
So Cramer picked a legitimate risk and doubled down on a timeline that remains debatable.
The market's response was to buy his exit. We'll see who's right.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Jim Cramer says he is selling his Bitcoin after IBM CEO Arvind Krishna told him to get "paranoid" about crypto's cryptography within three or four years. The warning follows a July 30 IBM and University of Chicago demonstration of verified quantum advantage. Traders invoked the "Inverse Cramer" trade, a pattern so established that a fund once existed purely to bet against his picks. CNBC host and long-time crypto critic Jim Cramer is out on Bitcoin—again. This time it's over fears of the coming quantum computing threat, and it sounds like he might be out for good. Which is music to the ears of Bitcoin investors everywhere who prefer to be on the opposite side of the "Cramer trade."
"Should I be more careful?" Cramer asked late last week while interviewing IBM CEO Arvind Krishna, worried about whether quantum computers would be able to steal his coins.
"I think that you should give yourself three or four years," Krishna replied, "and at that point, I would get rather paranoid about it."
Cramer did not wait three or four years. "I realize I'm waiting. Ethereum, really, maybe even worse. So I think that people have to take this man seriously because they're doing commercial quantum," he said while commenting on his interview. "Arvind Krishna knows quantum incredibly. He knows Bitcoin and quantum. And I'm going to sell mine."
"He's the man," Cramer continued. "Three, four years. David, you know when three, four years is going to happen? Like tomorrow."
The clip went around fast, pulling 89,000 views on X, and over 9,000 views on YouTube.
"Thank you Jim!" read one of the top replies. "Letssss goooooooooooo," went another. One user simply asked: "I thought he already did."
crypto twitter knows exactly where this is going
— DΔVO | SOLST/CE (@defidavo) August 4, 2026
Every time Cramer says sell, I add to my position. Been doing it since 2018. The inverse Cramer index remains undefeated.
— Bitcoin & Barbells (@Btcbarbells) August 4, 2026
The inverse Cramer tradeThat gratitude isn't sarcasm so much as strategy. Traders have spent years tracking the "inverse Cramer" pattern—the running joke that the reliable move is whatever he didn't say.
Somebody built a fund on it. Tuttle Capital launched the Inverse Cramer Tracker ETF in 2023, betting against his picks, alongside a Long Cramer fund betting with them. Both closed. The long version died first, the short version followed in February 2024 with $2 million in assets.
"We started it in order to point out the danger of following TV stockpickers, Jim Cramer specifically, and the total lack of accountability," portfolio manager Matthew Tuttle said. "We feel like we have accomplished that mission."
The Bitcoin record is why the meme stuck. Cramer said he'd sold everything and wouldn't touch crypto "in a million years" in December 2022, with Bitcoin at $16,796. It gained more than 400% over the next three years.
He reversed course in January 2024, calling Bitcoin a "technological marvel" that's "here to stay." He has also dared people to bet against him and pushed back on claims he called the top. Last Christmas, tracker Unbias logged his calls as fully bearish while Bitcoin sat near $87,500.
Bitcoin rose about 1.6% on the day he announced the sale.
It's worth noting, though, that no one we're aware of has confirmed the size of his position, or that it even exists. Cramer hasn't publicly shared any Bitcoin wallet addresses, so there's no way to check.
The part that isn't a jokeThe underlying research behind quantum is real, even if the timeline is arguable.
On July 30, IBM and University of Chicago researchers demonstrated quantum advantage with something previous milestones lacked—verification. Using 70 logical qubits and a new error-correction method, they ran a computation in about 15 minutes that classical methods can't feasibly reproduce, and proved the answer was right. That's the "Chicago study" Cramer kept referencing, and Decrypt covered what it means for Bitcoin.
Sampling circuits is not breaking elliptic curve cryptography. Those are different problems, and the second one needs machines far beyond anything demonstrated.
But the exposure is genuine. Coinbase's quantum advisory council estimates roughly 7 million Bitcoin could eventually be vulnerable through exposed public keys and address reuse. Ark Invest and Unchained call the threat real but not imminent. Post-quantum standards exist, and Bitcoin developers have been arguing about how to adopt them for years.
So Cramer picked a legitimate risk and doubled down on a timeline that remains debatable.
The market's response was to buy his exit. We'll see who's right.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Jim Cramer says he plans to sell all of his bitcoin, citing fears that advances in quantum computing could undermine cryptocurrency security within three to four years.Many crypto traders are cheering Cramer’s planned exit, treating it as a bullish signal given his predictions record of high profile misses. Bitcoin has held near $64,000 despite Cramer’s warning, a Coldcard hardware wallet hack, rising bond yields and sales by major corporate holder Strategy.Jim Cramer wants out of bitcoin BTC$63,987.77 and the crypto community’s reaction is positive.
The "Mad Money" host said this week that he plans to sell all of his bitcoin holdings due to concerns that advancements in quantum computing could threaten cryptocurrencies within the next three to four years.
The comment followed his July 31 interview with IBM Chairman and CEO Arvind Krishna, who told Cramer that quantum computers could challenge modern cryptography within that window and that investors should be "paranoid" about the risk.
Neither the size of Cramer's bitcoin stash nor any wallet tied to him has been disclosed, or tracked by analytics firms, so there's no way to independently verify whether he actually holds BTC or has started selling his coins.
Some in the crypto community are buoyed by Cramer’s plan to exit the market.
“Jim Cramer did it again. Bitcoin just received the strongest buy signal of 2026,” a self-proclaimed bitcoin maximalist X user Alex said.
Several others have made similar comments but BTC has remained resilient around $64,000 despite the Coldcard hack incident and rising bond yields.
Inverse Cramer?The reaction of the crypto community can be explained by Cramer’s reputation as a contrary indicator in the industry. The "inverse Cramer" trade, betting against whatever he recommends, became such a running meme that an entire ETF was built around it. The Inverse Cramer Tracker ETF (SJIM) launched in 2023 to short his public calls; it shut down in early 2024 after failing to gather meaningful assets.
This reputation is not without foundation. Cramer’s prediction history is marked by notable flip flops and high profile misses.
In December 2017, right as bitcoin was climbing toward its first run at $20,000, he called it "monopoly money" and said buying it was pure gambling and not investing. In September 2020, he supposedly bought the cryptocurrency around $10,000 after a podcast conversation with investor Anthony Pompliano, and later added more that year.
The reversals kept coming. In June 2021, he sold most of his bitcoin holdings, citing China's crackdown on crypto mining. Prices went on to hit lifetime highs near $70,000 by November 2021.
In January 2024, he warned of a "nasty" bitcoin selloff following the debut of spot bitcoin ETFs in the U.S. While prices did drop slightly to $40,000, the decline was anything but nasty and by March, prices had rallied to $70,000.
Cramer changed his view in January 2025, calling bitcoin “a great thing to have in portfolio” and urging investors to own the token themselves instead of seeking an indirect exposure through bitcoin-holding firm Strategy (MSTR).
Last month, he swung bearish, calling bitcoin and gold "bad money" that’s being liquidated in favor of high-growth names like SpaceX, Apple and Nvidia. Now, in August 2026, he's planning a full exit.
Cramer's most damaging recent miss came in traditional banking. On Feb. 8, 2023, he told viewers Silicon Valley Bank was undervalued, describing it as a merchant bank that Wall Street had "mistakenly" grown concerned about.
A month later, SVB collapsed in the second-largest bank failure in U.S. history at the time.
For now, bitcoin's price hasn't shown any sign of taking Cramer's quantum warning seriously.
In fact, the token has remained resilient at around $64,000 despite the Coldcard hack, and Strategy’s disclosure of BTC sales.
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The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Jun 29, 2026
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
