Mad Money w/ Jim Cramer 9/14/26

SPEAKER_1 (0:00)

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SPEAKER_2 (0:30)

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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.

Hey, I'm Cramer.

Jim Cramer (1:17)

Welcome to a special San Francisco edition of Mad Money. Welcome to Cramerica. I'll be with my friends. I'm just trying to make a little bit of money. My job is not just to entertain, but also to teach you. So call me at 1-800-743-CBC. Tweet me at Jim Cramer. At one point this morning, it looked like we were just going to crash.

Oil had skyrocketed 4% because the Savior's Saudi pipeline, the one that helped offset the losses from the closure of the Strait of Moose, got shut down by a drone attack. There were no substantive talks to stop the war. Interest rates were shooting higher. They healed in the 10-year, nearing 5%.

Iran's allies in Yemen seemed poised to shut down the Red Sea.

Most important, the biggest theme of our era, artificial intelligence, looked like it was going to be on the ropes because of a self-induced slowdown that could snap shut the biggest spigot of cash in history. Nothing was going right. But as is so often the case with this market, things changed. Oil somehow reversed hard. To be up 4% and close up 10% and a half. The 10-year treasury hits 5% and something happened that's missing the whole time interest rates have been on rampage. Buyers, actual buyers came in and decided that 5% was good yield for 10 years. That's right, not everyone hates bonds at any price. And as we got our arms around the forced AI slowdown that the big guns, OpenAI and Anthropic, talked about now seemed to favor, we decided, hey, maybe it wasn't the end of the AI world. In fact, we left this session convinced that not much in the data center would actually change. Hence why stocks rallied nicely off the lows. Dow finishing off just 152 points, SBO will be declined 0.48%, Nasdaq only down 0.56%. These were remarkable comebacks from these lows. I mean, it was...

SPEAKER_5 (2:53)

House of pleasure.

Jim Cramer (2:55)

I don't blame anyone for being confused.

First, it's the greatest, AI is the greatest thing in the world, right? I mean, the thing that Dario Amadei, the exciting CEO of Anthropic has been saying, it could cure cancer and so many other diseases, made me feel great. Everybody was pitching us the next industrial revolution.

Now, though, we're hearing all the Skynet jokes about how AI could kill us all. They weren't really jokes. They're genuinely worried inside these places about the possibility of total human annihilation. Kind of schizophrenic beast when you think about it, huh? So which is going to be? How about both? I don't know about you, but when I read through the Amadei epistle urging the great AI slowdown, I began to wonder whether there could be something else at work here. Most important, I wanted to know whether there was a slowdown that he urged. It's kind of like to me, like when you go to those Formula One races, they wave the yellow flag meaning you can't overtake. Doesn't that mean Anthropic has to win because it's making so much money and it can't be overtaken? Hmm. I like anyone who's thoughtful about the wholesale murder of innocents by a swarm of angry AI agents. But I'm a little jaundiced that if the majors are advocating a slowdown, they could lock them into a position where they can put down 10 billion and make 30 billion per gigawatt, which might be possible for Anthropic to open AI. Well, they got the goods. That would put them well past all these hyperscalers we talk about all the time, when we try to calculate profitability. Although I don't believe these AI risks are all a hoax, as President Trump assures us, I'm naturally skeptical when these leading AI labs are pushing policies that could make them a heck of a lot more profitable and leave everyone else behind.