Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 2/3/26
10 snips
Feb 4, 2026 
Scott Boatwright, CEO of Chipotle Mexican Grill, outlines the chain’s recipe-for-growth, menu innovations, and a $1.8B buyback plan. Jensen Huang, NVIDIA co-founder and CEO, discusses bringing AI into the physical economy via partnerships, digital twins, and accelerating factory and drug discovery workflows. Short, forward-looking conversations about menu strategy, AI infrastructure, and real-world industrial applications.
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Software Sell-Off Driven By AI Fear
- The market is selling off enterprise software broadly due to fears AI will replace or shrink demand for software providers.
- Jim Cramer explains earnings often remain but price-to-earnings multiples can shrink dramatically when investors fear future disruption.
Pick Misclassified Tech Winners
- Consider buying quality tech names being unfairly dragged down by sector ETFs rather than jumping in front of the whole sell-off.
- Cramer bought CrowdStrike because cybersecurity shouldn't be conflated with general enterprise software risk.
Multiple Compression Creates Valuation Risk
- Shrinking price-to-earnings multiples mean the same earnings command lower valuations when investors worry about the future.
- That shrinkage can continue unpredictably, creating valuation risk even without earnings declines.