Mad Money w/ Jim Cramer 7/28/26

**SPEAKER_1** (0:00)
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**SPEAKER_2** (0:28)
The board recommends approving.

**SPEAKER_3** (0:30)
Regarding that seat on the committee, we're promoting.

**Jim Cramer** (0:31)
To boost quarterly earnings.

**SPEAKER_3** (0:33)
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**Jim Cramer** (0:59)
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** (1:16)
Welcome to Mad Money. Welcome to Cramer. A few of my friends, I'm just trying to make a little bit of money here. My job is not just to entertain, but to educate and do some teaching. Call me 1-800-7368. Tweet me at Jim Cramer.
First, they started buying materials and pharma, companies like DuPont, 3M, Johnson & Johnson. Then they expanded their net to beat, buy those beaten down growth software companies. Today, they cast the widest net yet, wrangling aerospace like Boeing, high quality growth retailers like Costco and Walmart, and even Coca-Cola and Pepsi-Cola.
Who is they and what am I talking about? I'm using trader sign to describe what big institutional buyers, the ones who move stocks with their buying like you saw today, and their patterns they are now using to rearrange their portfolios, to have more than just AI exposure. That's what's happening. So where does that money come from? To do all this new buying, cast the wide net? Mostly from Nasdaq stocks, especially the ones connected to the One Slug. Now score in data center. This seat change is whiling the averages.
Down jumping 530% push, as it be gaining 0.21%, Nasdaq falling 0.22%.
You can see what I'm talking about when the Dow Jones rallies furiously as it did today, but the data center heavy Nasdaq actually loses almost a quarter of a point. That is a very interesting dispersal. What is this action saying? You need to know. I'm listening to it. Pretty much what we said in 2000 That's the problem. When the tech stocks cratered and the money flowed into areas where growth remained. It looks like a lot like that bygone era, and we wish good riddance to that era. We don't want that. In the end, it could take everything down. I bring that out, not because it will. I just need to tell you if history is going to repeat itself. Why is this great swap happening again? Well, it all starts with tech. We've seen a huge part of the NASDAQ and lots of the S&P pivot hard in the last year, as the order started ramping up for the data centers, pivoted in a beautiful way.
But there are many parts of the data center. The parts that most excited people were actually the parts that were in short supply. That's right. Well, let's just say they were scarce. I'm talking about memory and storage from Seagate, Western Digital, Sandisk, and Micron. There were shortages in all these. These companies historically have been very boom and very bust. When it's very boom, there's big shortage. When it's very bust, there's a surfeit. When AI exploded on the scene, the data center caught fire. We had to fill those data centers with servers, and servers are packed with memory and storage. Those big four companies, plus SK Hynex, which now trades here, not just in Korea, and Samsung in Korea, very quickly got huge pricing power because they literally weren't enough chips to go around. And by the way, SK Hynex and Samsung are much bigger than our companies. Not much better, but much bigger.
So what's happened to these companies? They've been able to raise prices and raise prices and raise prices with abandon. It's caused a lot of things to be a little more expensive than you and I like. That allowed, though, for some of the greatest ones I've ever seen in stocks. Listen to these. Western Digital went from $70 a year ago to $799 in June. Micron started at $101 a year ago, and then it falled to $1,255.