Mad Money w/ Jim Cramer 6/2/26

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**Jim Cramer** (0:58)
My mission is simple, to make you money.
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.

**Jim Cramer** (1:13)
Hey, I'm Cramer.

**Jim Cramer** (1:14)
Welcome to Mad Money.

**Jim Cramer** (1:16)
Welcome to Cramerica. I'll be your friend. Hey, man, I'm just trying to make a little bit of money here. My job, not just to entertain, but to educate, teach. Call me, 1-800-743-CBC. Tweet me at Jim Cramer. How can you not love a market where NVIDIA's Jensen Wong can send stocks into the stratosphere like it's magic?
Last night, for example, we pronounced Marvell Technology, a company we love, the next trillion dollar company, he says. This outfit with a $200 billion market cap suddenly shoots up 32.5 percent. Single session. He's assembled with Rene Haas, the CEO of Arm Holdings, and jokes about how every time he announces a new product, arm stock goes higher. Arm has been unstoppable for a week now.
These are huge wins for anyone who owns them. They are making people fortunes. They are making people millionaires. All these comments coming out of the Computex Festival in Taiwan have colored the tape. If you really can't tell, Dow edging up 229 points, has to be advancing 0.13 percent. Nasdaq edging up 0.03 percent, kind of a nothing day. But there's something quizzical here too.
Marvell and Arm are emblematic of this market's even more ever more nature of narrowness. If it's not in the data center or connect to artificial intelligence and connected to NVIDIA, then Wall Street's just not interested at all. Now I was fine with that for the Travel Trust. We got plenty of winners, including some that I'm trimming because they've just run up so much.
There have been no hurry to it though. However, last night something else happened that really jarred me to the core.
Alphabet, and a total surprise, you notice Google, one of the best, most respected companies on earth, decided it had to raise $80 billion to continue its build out of its data center business. Ouch. I thought they had raised enough money in the bar market. That was wrong. At the same time in March, David Faber's excellent interview with OpenAI Sam Altman, in front of a construction site for a data center, 250 acres worth town in Michigan. The site was gigantic, and to the naked eye, largely empty. While Sam has plenty of partners, the whole facility is going to cost more than $15 billion. Then Oracle CEO Clay McGurk told David that the tech that goes into it will cost another $30 to $40 billion more. Oh man, where is that money going to come from, other than from you if you're a shareholder? These revelations plus a bit of a pause in a host of growthy stocks, my word, connected to software that ran out of juice after a three day skein of strength, it's got me thinking a little more, I'm a little more circumspect. In other words, tech seems to have found some newfound vulnerabilities. The build out of AI is looking like it is going to be a lot more expensive than we thought. That's what Alphabet's saying, that's what OpenAI is saying, that's what they're all saying or will be saying in the next few weeks, and I don't really like that. Now I don't like to be contrary for the sake of contrary but I do want to take advantage of the fact that the market could, it could turn on a segment that is voracious and needy for money like the data center is becoming.
The cost is getting too high people, even as Jensen Wong does say that the more you buy of his ships, the more you make and you know I believe that, but it's not yet self-evident. I want to find an antidote to some other, maybe some other sectors where growth stocks and non-growth sectors are now being thrown away.