Mad Money w/ Jim Cramer 8/12/26

**SPEAKER_1** (0:00)
The board recommends approving... Regarding that seat on the committee, we're promoting...

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to most quarterly earnings...

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**Jim Cramer** (1:01)
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.

**SPEAKER_6** (1:17)
Hey, I'm Cramer. Welcome to Mad Money.

**Jim Cramer** (1:19)
Welcome to Cramerica. I'll be with my friends. I'm just trying to make you a little bit of money. My job is not just to entertain you, but to educate you, teach you. Call me 1-800-743-CBC, Sweet Mitcham Cramer. Sometimes, sometimes downtown Manhattan turns into an American Pamplona.
And when it does, you better run with the bulls, or get the heck out of the way.
Today was one of those days where if you bet against the data center cattle, you got trampled. There's a reason the Nasdaq was up .54% while the Dow dropped 22 points, and the S&P edged up just .26%.
How did Wall Street turn into Estifada?
Pretty simple. For weeks now, the semiconductors and their bettors in the data center have been trying to mount in advance. But things just keep getting in the way.
We thought that the stampede looked likely until the 4th week of July. Knox won a fund called Situational Awareness, amassed a huge amount of leverage, and had a repository of all things data center blow up, spewing data center stocks more efficiently than Reagan spewed vomit in the exorcist.
The Apple to Ashland planner, the boy wonderer in that fund had borrowed so much money to build his $45 billion portfolio that even a small dip in the stocks just as old took trashed his fund. The margin butchers took their pound of flesh. Don't worry about Ashland planner. I've seen these types, you know, valedictorian kind of stuff.
I usually go a couple weeks and then they get the money again because millionaires moths the flame. His stocks, though, different story. They got crushed even as a business for almost all of them was terrific. That really threw me off. Real irony before I get to the real nitty gritty. On July 24th, right when he was teetering, he sent out a letter urging his investors to send in more money because, quote, at times we call out opportunities that seem like a particularly good time to add funds. If you have been waiting for one, end quote. He was right, except he created the opportunity with his own personal crash. He just didn't get to participate in it. The demise of situational awareness stopped the nascent data center rally in its tracks. Now, I was personally sickened by it. That Friday morning of this fund's doom, I was telling club members to buy the stock of Intel after an amazing quarter. It was almost immediately mauled by the situational awareness. Bare! The stock tipped up to 110 That made sense to me, up about four bucks. But next thing you know, it was 109, 108, 107, 106, 105, 104, falling 16 points from 110 before an anemic bounce. Oh, I was situationally unaware.
The takedown for Intel and so many other semis seemed to last forever, and we thought there was something really wrong. NVIDIA stock traded from 212 at the time of detonation to 190 Data center builder CoreWeave went from 83 to 60 Stoppelganger Nibius went from 219 to 148 Optical provider Lumentum fell from 833 to 602 Data infrastructure specials SuperMicro dropped from 30 to 25 If you were like me, you felt like drinking some cheap scotch while you lay on a dirty linoleum floor.
Now the group's tried to find a base, but it's been touch and go. Ever since situational waiters got its clock cleaned, we never knew what was going to happen next. But on Monday, a day when I was busy trying to land a hundred pound tarpon, that's filled up if you talk for tarpon, NVIDIA CEO Jen Sumon was busy landing on an entire raft of Wall Street biggies to launch a brilliant idea, a securitization of basically compute some total of the value that comes out of the data center every minute of debt.