Mad Money w/ Jim Cramer 6/17/26

**SPEAKER_1** (0:00)
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**SPEAKER_2** (0:30)
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**Jim Zales** (0:56)
My mission is simple.

**SPEAKER_4** (0:58)
To make you money.

**Jim Cramer** (1:00)
I'm here to level the playing field for all investors. There's always a bull market somewhere. And I promise to help you find it. Mad Money starts now.
Hey, I'm Cramer. Welcome to Mad Money. Welcome to Cramer, America. I bring my friends to try to save a little money over here. My job is not just to entertain, but to do some teaching, try to explain all this stuff. So call me 1-800-743-766-TWV, Jim Cramer. If you follow stocks with any regularity, you'll notice this profound pattern, where the same stocks just go up and up and up, while others, the vast majority, merely languish. The leaders of stocks that seem to have no ceiling are in tech, but not the techs we're used to, not the household deems, the most certainly not the hyperscalers, those giants that made a fang and then made a magnificent seven. Those stocks barely move at all, and often when they do, guess what? It's Dow.
Lately, the tech leaders, they're far more obscure, and many of them aren't in the averages. So when I tell you the Dow dropped 507 points, the S&P lost 1.2%, NASDAQ declined 1.35%.

**SPEAKER_6** (2:07)
The House of Pain.

**Jim Cramer** (2:08)
Mostly because of hawkish statements from the new Fed chief at today's press conference, understanding that we're missing something important. Oh, by the way, I could talk all day about whether we get rid of hikes or we stay the same. But you know what I'd rather do? I'd like to try to help you make some money. I think it's more significant. Anyway, I'm going to talk to you about the stocks that work, even today that are intact, that are not the hyperscalers, surely not Microsoft. The semiconductors and their friends that are benefiting from a spectacular shortage. Stocks like Micron, which reports on the 24th, Seagate, Western Digital, Sandis. These companies make semiconductors for memory and data storage that are less complex than anything that would come out of NVIDIA. But these companies can't make them fast enough. They keep putting through price increase after price increase after price increase. And they are making many devices we use more expensive.
Just this evening, Apple CEO Tim Cook said that Apple is going to have to raise prices because of these memory chips. So their stock prices, they just keep rallying.
And the rest of us?

**SPEAKER_6** (3:11)
It's a house of pain.

**Jim Cramer** (3:13)
Almost every day, an analyst who hasn't kept pace with these stocks' runs raises their price targets for each of these. Then the next analyst has to raise the price targets. Then the stock has overshot the earlier ones. Then another one comes in and raises and raises and raises and raises. And that's how these stocks have gone up so much. It's a giant game of leapfrog. The price target boosts are gigantic, even if pricing for the products is just creeping up gradually. Look, I get it. This is how Micron got up 266 percent this year, Seagate jumped 287 percent Western Digital by 313 percent. Sandisk has galloped 725 percent. These are phenomenal gains based on shortages for DRAMs, just the kind of stuff that Apple is talking about, kind of memory chips that our data centers desperately need too. Then there's another tier. We got shortages in commodity semis because we also got shortages in semi-ductor capital equipment that you need to make the commodity semis. So, KLA up 96 percent, Lambert Search up 119 percent, Applied Materials rally at 131 percent. We know from the fabulous Carrie Dickerson, the CEO of Applied Materials, that his company has been able to get long-term contracts for the first time ever, assuring multiple earnings bumps down the road. Finally, there's the supplier of computers and components for the data center, Dell up 233 percent, Marvell Tech up 241 percent, R-Holies up 283 percent. Oh, boy, the analysts play leapfrog in these daily. Oh, I'm raising prices, raising price, raising price.