Dec 23, 2025 · 41m · big-technology
CNBC's Jim Cramer: Big Tech Hot Takes, NVIDIA $10 Trillion?, Building Wealth In Any Market
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CNBC's Jim Cramer joins Alex Kantrowitz on the Big Technology Podcast to evaluate big tech valuations, AI monetization, and autonomous technologies while outlining disciplined wealth-building strategies for retail investors.
How this conversation actually went
Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. Alex holds 23.7% of the talking time here. How this is scored →
Alex as informed peer 5.6 Guest teaching 3.8 Guest disagreement 2.9 Alex pushing back 3.4
speaking balance: gold is Alex, purple is the guest (3 minute bins)
Sharpest disagreement ▶ 33:42 Cramer Strongly Rebuffs Day Trading Premise
Cramer emphatically shuts down any comparison between his compounding stock strategy and reckless day trading or speculative betting.
Hardest push from Alex ▶ 35:41 Alex Questions Stock Picking Survivorship BiasAlex confronts Cramer on his retail investment thesis by pointing out that NVIDIA is an extreme outlier rather than the norm for retail investors.
Biggest teaching moment ▶ 0:51 Cramer's AOL-Apple Distribution MasterclassCramer reframes Apple's supposed AI delay by explaining how massive consumer reach flips market leverage, forcing AI developers to pay Apple for access.
Alex holds their own ▶ 10:18 Alex Breaks Reporting on Amazon AI MemosAlex demonstrates inside knowledge by detailing how Amazon employees use internal AI tools to write the core six-page strategy memos, undermining corporate culture.
the scores for every segment, with the reasoning behind each
| Chapter | Topic | Alex as informed peer | Guest teaching | Guest disagreement | Alex pushing back | Why |
|---|---|---|---|---|---|---|
| Apple's AI Strategy and Hardware Ecosystem | 5 | 6 | 3 | 3 | Alex frames Apple's position on AI, but Cramer schools him with historical market parallels to AOL, showing how Apple turns vendors into paying distribution clients. | |
| Meta's Advertising Dominance and Hardware Horizons | 5 | 4 | 3 | 3 | Alex questions whether Zuckerberg can produce another hit beyond Meta's core products. Cramer highlights Meta's immense digital advertising duopoly alongside personal use cases. | |
| Amazon's Post-Bezos Evolution and AI Memo Discipline | 7 | 3 | 3 | 4 | Alex demonstrates strong reporting expertise by detailing Amazon's internal Cedric AI and its erosion of the company's famous six-page memo process, surprising Cramer. | |
| Alphabet's Search Monopoly and Autonomous Driving with Waymo | 6 | 3 | 2 | 2 | A collaborative exchange where both host and guest agree on Google's durable search ads moat and Waymo's autonomous lead, sharing anecdotes of tech executive humility. | |
| Microsoft Azure's Enterprise Moat and Financial Populism | 5 | 3 | 3 | 3 | Alex pitches that only OpenAI can derail Microsoft Azure, prompting Cramer to discuss enterprise software lock-in and his populist approach to investment commentary. | |
| Tesla's Autonomous Future and Global Manufacturing Rivalries | 6 | 3 | 3 | 3 | Alex brings up traffic mortality statistics to support autonomous driving viability and notes BYD's global expansion, leading into Cramer's thoughts on manufacturing rivalries. | |
| NVIDIA's Technological Edge and the Road to $10 Trillion | 5 | 4 | 2 | 4 | Alex presses on when NVIDIA can reach a $10 trillion market cap and whether enterprise ROI will materialize, while Cramer defends Jensen Huang's long-term vision. | |
| Oracle's FOMO Infrastructure Bet, CoreWeave, and Model Commoditization | 7 | 4 | 3 | 4 | Alex previews his interview with CoreWeave's CEO and analyzes AI foundation model commoditization, finding strong alignment with Cramer's skepticism of Oracle's huge RPO gamble. | |
| Jim Cramer's Wealth-Building Rules: Indexing vs. Growth Stocks | 6 | 5 | 5 | 6 | Alex directly challenges Cramer's 50/50 stock-picking advice, questioning whether NVIDIA is merely an exceptional survivor bias rather than a replicable retail strategy. | |
| Okta Anecdote, Managing Cash, and the Purpose of Money | 4 | 3 | 2 | 2 | The episode wraps with Cramer telling a lighthearted personal Okta anecdote, advising against timing the market with cash, and stating that healthcare access is the true purpose of wealth. |
Statements from this episode (22)
Cramer: Apple outsmarted everyone by moving slowly on AI
“You know, I think that they outsmarted everyone.”
Cramer: Google Gemini is superior to ChatGPT
“And Gemini's so great. It takes a little time. It's a little, puts a little more thought into it, and isn't cheeky.”
Cramer: Smart glasses displacing the iPhone is far off
“I'm using the iPhone, but I still think that it's a long way off as,”
Cramer: Meta and YouTube will capture 50% to 70% of ad market
“In the end, Mark is going to have, along with YouTube, 50%, if not 70% of the advertising market. And that's a very big market.”
Cramer: Reddit's ad rates are way too cheap
“Reddit is incredible. I told them, I told Offman, you gotta raise your rates. Rates are way too cheap. When he figures out that his stuff is, like, being scraped by everybody,”
Cramer expects Nvidia's Vera Rubin architecture to be amazing
“I'm sticking with NVIDIA because I have great belief that GTC and Vera Rubin is going to be amazing. It's going to reason.”
Cramer: Amazon will overcome current stall despite investor dislike
“I think they're going to figure it out, but they are stalled right now, and people don't like the stock at all.”
Cramer: Microsoft Azure's reported growth rate is overstated
“We need to see the real growth of Azure, which I think is overstated. Not, not, not illegal. The kind of thing that you have this weird confluence of Azure and whatever the hell they're doing it with the Sarah Fryer there.”
Kantrowitz: Amazon built an internal GPT-like AI tool called Cedric
“We have some reporting coming out that they have this AI tool inside the company called Cedric, and it's like their version of GPT.”
ChatGPT cannot threaten Google without a search ads engine
“Until someone builds another search ads business, it doesn't matter what ChatGPT does.”
Social media is the hardest consumer tech category to succeed in
“Social media is the hardest category to succeed in, and that's why they've been able to do it.”
Kantrowitz: Microsoft Azure Is a Freight Train Only OpenAI Could Derail
“My hot take is Azure is a freight train that only OpenAI can derail.”
Cramer: Microsoft Is an Unstoppable Freight Train and OpenAI Won't Derail It
“Yeah, but they won't. I like that. It's a freight train. What do you think? It's like the fugitive? There is no train coming at the freight train. I think that Microsoft is the freight train.”
Cramer predicts autonomous vehicles could cut US traffic deaths by two-thirds
“I bet you that could be cut by two thirds.”
Cramer: Tesla's battery division will solve major clean energy cost problems
“I think that battery division is going to solve a lot of what we have in terms of, like, you know, one of the things, why did, the obsession with clean power, I love it, but clean power is really, really expensive. I prefer battery power, and if Musk does what…”
Cramer: Chinese EV competition could wipe out Mercedes and BMW
“The Europeans are so unaware of what can happen that they could wipe out Mercedes and Beamer. They could.”
Cramer says a $10 trillion market valuation is possible for Nvidia
“Yes, I do, because when it was at three hundred billion, he told me it could be a couple trillion, and everyone laughed.”
Cramer: Oracle's $300B RPO Commitment Is a Bridge Too Far
“When you come up with that RPO number, 300 that was the bridge too far.”
Cramer: OpenAI Has No Real Edge Over Competitors
“I don't think so, because they really don't have any real edge. You love your chat CPT. I love my Gemini.”
Kantrowitz: CoreWeave Is in Better Shape Than Critics Claim
“My hot take on them, it's in better shape than the haters say.”
Cramer: Eli Lilly stock could double or triple
“Am I telling people to buy Lilly? Yes. Why? Well, because it does, I think it could double, it could triple, because they're going to own the best market in the world”
Cramer: Tax rich people heavily so everyone can have healthcare
“Tax people, tax rich people until they have, until a lot of money is taken away from them so that that can help healthcare. We have to give healthcare to people and that's everything. And anybody who's involved in the healthcare movement like I am just knows t…”