Mad Money w/ Jim Cramer 8/27/26

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My mission is simple, to make you money.

**Jim Cramer** (1:06)
I'm here to level the playing field for all investors.

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There's always a moment working somewhere, and I promise to help you find it. Mad Money starts now.

**Jim Cramer** (1:19)
Hey, I'm Cramer. Welcome to Mad Money. And welcome to Cramer, gah! Hi to my friends. I'm just trying to make a little bit of money here. My job is not just to entertain, but to do some teaching. So call me at 1-800-743-CMBC. Tweet me at Jim Cramer.
To borrow a phrase from Mark Twain, there are three kinds of lies. Lies, damn lies, and statistics. Nothing's more misleading than a series of bogus numbers coupled with a novelistic negative narrative. So after a day where the Dow gained 106 points, this would be advanced .72%, and the Nasdaq jumped 1.57%.
I want to pull the curtain back here, explain why stocks like Salesforce upped $46 or 22%, and Nvidia, which valued $18 or 8.7%, could have such huge single session moves. Very simply, we were in the grip of some lies and damn lies backed by chimerical statistics. And now both bare stories have backfired, leading to humongous gains for those who hung in. Today was a day where a lot of wrongs were rectified. In particular, I'm talking about the canards coloring the action in these two stocks. Oh, by the way, and a third, CrowdStrike, which we will talk to later in the show. Both Mark Benioff, the founder and CEO of Salesforce, and Jen Simong, the co-founder and CEO of Nvidia, came on our show last night after they reported rocky, just stupendous quarters to drill home that their companies are in great shape and their businesses are on fire. Both came on proud, justifiably so, especially as they just triumphed over a course of lies, exaggerations, and fear-mongering.
For months, these stocks have been held back by the bears, the short sellers who argued that Salesforce's enterprise software couldn't survive in a world of AI competition, and Nvidia would soon be overcome by hyperscalers that are desperate to develop their own chips, use them, and sell them to other clients that they could poach from Nvidia. At least that was the narrative.
How did these bearish narratives take over in the conversation in the first place? Okay, first thing you talk about is say, how about my involvement or lack of involvement with hedge fund managers? See, I don't like talking to them because I have to presume they're always talking to their book, and for the most part, I don't think it's worthwhile. In fact, it can be poisonous. Many others do talk to them, though. I'm not saying they're inherently dishonest, but they've got a financial interest in promoting their positions, which gives them a reason to twist the facts. They want to. I don't want to get swept up in that, because at the end of the day, you know my bosses?
You. And I don't want to lead you astray. Which brings me first to Salesforce. Mark Benioff has what's known as, it's called a seat model, meaning you pay Salesforce per user. It's been a terrific business for a very long time, and Mark's been wildly successful, at least until recently, when a cohort of short sellers decided that Salesforce and its ilk would be eaten alive by AI competition. They believe that it would become obvious to everyone that the whole software-as-a-service space was a dying model, because they charge per seat. And with AI, you simply won't need as many people to work at your company, so Salesforce had to charge less. The Bears also argued that the large language model companies, and here I'm thinking about Anthropoc or OpenAI, would be able to write their own code to duplicate what Salesforce does. Simple to do, the hedge fund managers told us. That's what they said to everybody. They called it the SaaSpocalypse.