Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 4/1/26
Apr 1, 2026
Dylan Patel, founder and chief analyst of Semi-Analysis, the independent firm that benchmarks GPUs and AI compute. He unpacks semiconductor benchmarking, why GPU performance matters, and how cloud CapEx and AI training vs inference shape winners. They debate Adobe’s future, cloud providers’ investment races, and why real metrics like customer acquisition cost change software valuations.
AI Snips
Chapters
Books
Transcript
Episode notes
Data Center Plumbing Is A Leading Theme
- Fiber-optic and data-center plumbing names (Lumentum, Coherent, Sienna) are another narrow leadership group benefiting from AI buildouts.
- NVIDIA's $2 billion investments in Lumentum and Coherent cement strategic relationships supporting this demand.
Wait For Broader Market Leadership
- Wait for broader participation before trusting the rally; look for leadership from NVIDIA, cloud names, retailers, banks, and homebuilders.
- Cramer notes the rally lost steam around 1:30pm and lacked sustained, broad follow-through.
Microsoft Facing Execution Doubts
- Cramer is worried about Microsoft despite its enterprise dominance and captive Windows user base because Copilot hasn't delivered perceived value.
- He admits owning Microsoft in his charitable trust is on 'borrowed time' and blames his own judgment for holding it.
