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tv   Mad Money  CNBC  February 25, 2021 6:00pm-7:00pm EST

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cme. i think you buy that tomorrow. >> guy >> i got a text last night from two viewers. they wanted to wish their mom a happy birthday on behalf of william and kate, happy bihdrtay oracle up today. back >> hope you're enjoying your annual chocolate, karen. thanks for watching "fast. "mad money's" up next. 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, cri'm cramer welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate, teach, and put days like this in context because i know you care and are concerned. call me at 1-800-cnbc or tweet me it was a tough day the averages, they were
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annihilated. all right? dow plummeting 560 points. s&p plunging 2.45% and the nasdaq -- >> sell sell sell sell sell! >> nose diving 3.425%. all for one reason only. interest rates are soaring why? because the bond market sees the economy getting ready to reopen. yes, the vaccine and it figures the last thing we need is more stimulus. to these bond investors you know what that's like it's like throwing gasoline on the kingsfords they think the economy will overheat and what happens then we are going to get some serious inflation. >> the house of pain >> right now we have a fed chief jay powell, big heart, who thinks it's nuts to worry about inflation because so many people are out of work because of the pandemic sew he doesn't want to raise rates, especially since inflation has been so low for so long you're lucking at lumber
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doubling if you want to do that copiper 417 maybe. president biden and his allies in congress want to pass a huge stimulus package because they want to breathe new life into the economy. as i see it powell and biden are doing the right thing. i don't mind a little inflation now and then but to bond market investors they're thinking are you nuts? the economy's about to start booming thanks to the vaccines and most consumers are in great shape. everyone except the people who don't have a job unfortunately there are a lot of people who don't have jobs as a result investors are selling bonds, pushing long-term interest rates higher, pushing your mortgage rate higher if you have an arm. just checked that this morning when that happens stock buyers pull back. they always do and they pull back hardest on the highest growth stocks, the ones we like the most in cramerica but we recognize do get hit in this moment and that's what happens. that's the high price of inflation. that's what went on today. case in point.
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nvidia last night this company reported the strongest quarter i have ever seen from nvidia. this company's become the dominant player in the semiconductor space like intel was in the '90s. no one is coming close to them it's gaming. it's artificial intelligence yet the stock got crushed because this is exactly the kind of turbocharged growth story that wall street turns against when rates are rising. i think nvidia's a victim of short-term thinking. the people who dumped it here i think are going to be making a mistake including the ones who are going to dump it tomorrow. they haven't thought it through. that's why i'm so glad to have the man himself, jensen wong he's the co-founder and ceo of nvidia, the man i call da vinci, right up top breaking all form jensen, welcome back to "mad money. >> hi, jim it's great to be here. >> okay. we've got to get right to it, jensen i think there is some confusion going on here. i listened to your call three times as the stock went down today. here's what i heard. data center growth is superb crypto doing fine, let's not
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worry about it gaming unbelievable. and your position to deal with all supply constraints am i off base somehow? >> no, that's it today's a great buying opportunity. >> i completely agree. but i think you need to tell people you that said some things about the data center today that are about multiyear, not multimonth, not multiday, about industrial a.i. that i think frankly, jensen, people might not have understood how big and bold you are talking >> yeah. you know a.i. is the most powerful technology force of our time this is an amazing invention that was discovered -- after a.i. industry worked on it for several decades about ten years ago this new form of a.i. called -- came along and now a computer can write software that no humans can. and so we're using it to solve all kinds of interesting problems from computer vision to robotics to making recommendations to understanding
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language, understanding speech, making speech, generating images and so all kinds of different applications are now possible. it started out in the cloud and we're seeing the cloud adoption continue a couple of very big deal things that are going on, conversational a.i. is becoming more based on this new technology called deep learning and this new methodology for doing recommender systems called deep learning recommender systems. these are going to keep driving our cloud adoption and we're doing all kinds of great work with the cloud service providers. on the second part is the movement of the adoption of a.i. and the interest in all of the world's industries in using a.i. like for example, smart retail you know, automatic check-outs using artificial intelligence for manufacturing robots you know that worst thing, the home delivery movement because if everybody's staying at home and as a result companies all over the place are developing
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robots that deliver goods to your house automatically so before even that we could have large-scale robot taxis we're going to have large-scale robo pizza delivery. and which makes a ton of sense because you know, the groceries don't care if it's a little bit late and safety concerns are much less of an issue. you see it for that kind of stuff. agriculture. automated agriculture. so you could find the weeds and be much more selective about using fertilizer and weed killers. picking fruits that are ripe all of these different industries from health care, transportation, warehouse and logistics, manufacturing, retail the world's largest industries are moving to a.i. and so this year i laid the foundations at the last gtc, but
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this year at this gtc one of the biggest topics is going to be about how we're working with the world's industries and working with all the world's computer companies to bring artificial intelligence to enterprises and industries. >> i wish people understood that only nvidia has these kinds of semiconductors this is not a commodity. it's not even proprietary. it's one of a kind now, there were people today who told me jim, it turned out to be a gaming company and once we start doing going out and the pandemic's over we're not gaming again, that seems to be a completely wrong assumption judging from some of the things you were talking about at the top of your conference call. >> yeah, jim, at the highest level everyone's going to be a gamer someday. every human's going to be a gamer someday. the number of gamers are obviously percentage of population growing very rapidly. one of the things that we know quite well is that because it's based on computer graphics and
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it could be virtual worlds it could be role playing game, it could be what they call battle royal, five against five it could be an e sports game, could be a racing game, could be a football game. you know, video games could be any game that's one of the things that's really compelling about it it's virtual reality, these virtual worlds the other thing is that these gaming platforms are becoming sporting platforms it's a legitimate field of sports people watch it. in fact, it's the most popular sport now. it's bigger than just about any sport. and video games is also a form of art and a form of social connection people going into these worlds like fortnite and they hang out just largely to be with friends and these platforms are so incredibly sophisticated epic's fortnite lets you play a game, play a shooter game, chase each other you can just hang out and just talk to each other as you know, fortnite has also
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become a platform for concerts and shows, for large gatherings. and so gaming platforms has really evolved into a much larger thain than gaming and gaming itself is gigantic. it's the largest form of entertainment. >> and once again i'm going to tell people that nvidia is the only one that has the chips to be able to do this now, there was also concerns about supply constraints as if you were making lower-end automobile computer chips. that's not the case. and in the conference call you made it clear you're running flat out, there's demand for every single one, you don't have inventory. but you're going to make everyone who needs gaming chips chips. >> yeah. we expected a very big year. and that was our -- the great fortune that we had a year ago it takes a year to plan your supply chain and takes a couple, two, three years to plan the
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products but we expected to have a giant year and we expected ampere to be an enormous success and it turned out to be an enormous success. we invented ray tracing and ampere's the greatest generational leap we've had. you mentioned earlier that we're a gaming platform. the nvidia gforce gaming platform has 250 million installed base 250 million in desktop 50 million in notebook and we are only 10% into upgrading that into this brand new way of doing computer graphics called ray tracing that ampere rtx has made possible so the gaming market is going to be quite large. but we expected to have such large corners, we had planned to have our suppliers provide resources that we need so we're well positions to have a great year but nonetheless nobody knew how great the demand was really
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going to be. as much as we thought the demand was going to be. and we had a record quarter. we had ow first $5 billion record quarter we grew incredibly year over year i think last year at this time we had a $3 billion company. so we had a $5 billion quarter and so we expected it to be a great quarter. but still the demand is just incredible you know, our inventory is still really, really clean and nobody expected so many people spending time at home nobody expected the ampere revolution to be so great and such a huge step up. so still demand is greater than supply >> and last question, i doubted you once actually, several times i said you'll never finish that knox steel. you told me jim it's going to happen a lot of people feel that the arm deal would be so fabulous for you but if it doesn't happen it's a stepback for nvidia you assured us again, last question, that you believe in arm, but do i really have to
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feel like if arm doesn't get done you can't own the stock of nvidia >> nvidia's going to be huge no matter what. and so the growth opportunity ahead of us for artificial intelligence, autonomous vehicles, manufacturing robotics, industrial robotics, 5g edge, those have -- those applications are going to make us a very large company. i think our growth trajectory is very exciting. we expect data center to continue to grow we expect it to be a great growth year for data center. all of that is independent of arm. however, arm is -- you know it's the most popular cpu in the world. it's the cpu instruction set that hyperscalers and mobile device companiesand pc companies are really excited about. and we were so fortunate that
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martha san at soft bank really wanted to put it in a good place and he thought that nvidia would be the perfect host for this amazing company. so we're going to be able to inject so much exciting technology and so much engineering scale into arm to accelerate the road map, which the ecosystem's going to love. number one number two, we're going to be able to bring artificial intelligence capabilities and the entire data center scale computing peripherals and all of the software developers that we worked so closely with to this so i think we're going to get this deal done i'm very confident in that and the progress is great. it's going as we expected. and we're going to get it done >> well, look, just so great you came on. so many misperceptions today what an opportunity. what a quarter what a year. you guys are the only guys doing this it is game, set match nvidia
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jensen huang, ceo of nvidia. an honor to have you on the show, sir. thank you so much. >> thanks, jim take care of yourself. >> yeah. >> it happens just so periodically that you get to buy this stock like this, and you have to take it. nvidia "mad money's" back after the break. don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer #madtweets send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.
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one of my favorite companies both as a customer and also a stock, airbnb, just reported its first quarter as a publicly traded company this was a remarkable set of numbers, much stronger than expected sales-g guidance for the current quarter. the stock's been having a rough time over the last couple of weeks, barely reacting to this great news could be a buying opportunity. let's take a closer look with brian chesky, co-founder, chairman and ceo of airbnb mr. chesky, welcome to "mad money. >> thank you for having me back. >> what can i tell you you did a conference call that has got more ideas popping in my head but i'm going to start with something i thought was amazing. travel, what are we thinking about? where you go and much more -- i'm sorry, much more about who you are and what you can do together who you are and what you do together means no hotel, means airbnb >> well, one of the things we did is we did a survey of american travelers and they told us two things. first they said they miss traveling and they want to travel as soon as it's safe to do so. but they told us another thing they said they don't miss all
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travel they don't miss business travel. they don't miss standing in lines with selfie sticks in front of landmarks they wanted to spend time with their friends and family 37 and when you spend time with friends and family often a home is great. you don't have to separate in different parts of the room -- different rooms and go to a lobby. you can have a whole home to yourself and we think a lot of travel's going to be to smaller cities because people are going to get to cars and travel nearby. >> another thing that i thought was amazing. my daughter takesthree-day weekends in spain all the time, airbnb i thought she was the only one three-day weekends this is another international concept that is playing to airbnb's hand. >> yeah. one of the things, jim week, seeing is the lines between traveling and living are starting to blur together. and so people aren't just using airbnb to travel they're living on airbnb now because if you can work via zoom you can kind of work anywhere. you don't just have to work in your own a lot of people are getting airbnbs. if it's cold in the arnt and they don't want to be in the weather, people are getting airbnbs in the warm weather. some people are realizing i can have a three-day weekend every
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weekend. other people are saying i want to live in a different house every month. it's really a sky's the limit. we really are adaptive and resilient to any kind of travel behaviors. that's what we learned last year >> at the same time obviously we're numbers people too the leverage in your model i didn't know could possibly be as great as it was. i was thinking you were going to lose 250 million you lost a tenth of that the leverage is extraordinary. did you know that when you started this company >> no. i mean, i didn't know very much when i started this company. i just turned 26 years old my parents are social workers. i went to art school so no. we -- but what we've learned over the last decade and more is that we have a capital-light model that's a global network business, that has low fixed cost, and we can adapt to travel patterns and i think one of the things, jim, you saw was in a pandemic when most of the travel industry was pretty decimated we actually were more profitable on an adjusted ebidta base nis 2020 than 2019. as you said, we lost $250 million in adjusted ebidta basis
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in 2019 and only about 21 million in 2020. >> yeah, people should look at marriott versus this understand why this has twice the value of marriott. because it should. here's something i thought was incredible a february 8th, 2021 note to the securities and exchange commission you believe in democracy of capitalism you want to give people who work with you, hosts, made possible by hosts, stock. tell us about this this is a dream come true for me >> yeah. one of the things, jim, that we did is we always felt like our hosts helped us build airbnb and we wanted to own a piece of ai airbnb so we did a couple of things the first thing was we created the airbnb host endowment. we took 9.2 million shares of airbnb stock and we put it into an endowment it's going to work like a college endowment where it's going to grow every year but then we're going to take some of the upside from the principal and distribute it back to the host community we created a 17-member host advisory board from 14 different countries around the world to help us advise on what to do
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with this endowment. we also created a directed share program where we had thousands of hosts participate in the ipo and as you can imagine with the stock price more than doubling they've done quite well as well. and i've committed to putting in more than $100 million of my own stock into this endowment. i think the idea basically is our hosts are our partners and we want them to share in our success now and for as long as airbnb exists. >> that's how you really do become a great long-term company. you're doing something else. first time, five years made possible by hosts global campaign. i think it's by word of mouth. do you really even need to actually do more than that because i know millions of people are hosts >> we don't need to do any marketing to continue to grow the business but we did think of this as more like a brand investment. and it was an investment just in the idea of airbnb -- i mean, people all over the world have heard the name airbnb. it was really about our hosts. we want people to know as travel's about to rebound that when you book on airbnb you get a host that will make sure your stay is personalized, that
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you're having a great experience, and we want even more people to know that hosting is a great alternative for them because a lot of people are going through life changes life changes are times when people become hosts and we think this is a great opportunity for us but we also, to make no mistake, we are never going back to spending the same amount of money on marketing as a percent of revenue we did in 2019. what the pandemic showed is that we could take marketing down to zero and still have 95% of the same traffic as the year before. so we're not going to forget that lesson. >> the last thing, there was a grat great line that you said we hate mass tourism and yet that's what we did before the pandemic we're not going back, are we we're not going back to mass tourism. >> well, we did a survey of american travelers it was a representative and statistically significant survey and we found that the travel that people miss the least is business travel. the next travel they miss the least is mass travel mass travel as in get in double decker buses, going to big tourist districts, going and waiting in long lines where you're either alone or in line
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looking at something behind a flood of selfie sticks i don't think that travel is over i just don't think that's the travel people miss what people miss is actually just spending meaningful time with the people they care about and that's what we're focused on and that's the travel i think is going to come back in full force. >> and that's why we love going to airbnb. >> when you want to be with your family a home is the best place to be. >> it's the greatest bargain and i don't know a soul who doesn't feel that way. that's why i think this stock has been so great and brian has been, even in the darkest moments brian believed and wow, is this thing something. the leverage in this model brian chesky, co-founder, chairman and ceo of airbnb congratulations on the great quarter, sir great to see you >> thank you very much, jim. thanks for having me on. >> "mad money's" back after the break.
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on a hideous day for the averages twitter hit an all-time new high after the company held a breakout analyst day with some bullish long-term targets and also new features like letting users charge money for special content. can it keep roaring? you know i have felt that the last quarter was breakout. this analyst meeting solidified everything i'm thinking. let's take a closer look with ned segal. he's the cfo of twitter. mr. segal, welcome back to "mad money. >> hey, jim, thanks for having me >> let's cut right to this ned, you didn't need to give these long-term forecasts. they're very aggressive. they're very gutsy you must somewhere feel that this is the new trajectory, the breakout trajectory for twitter. >> well, first let me just remind people what we did share today. we said we want to double our development velocity by the end of 2023. that means we want to ship products faster. because of that we thinkwe can then take our d.a.u. from where
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they were over a year ago, compounding at 20%, to 315 million or more in q4 of 2023. and we said that we intend to double or more revenue from last year's 3.7 billion to 7.5 billion or more. you know, we can give big goals like that because we've got a lot of confidence in our strategy we've been executing much faster and we've got a clear path ahead of us with tons of people who still don't use twitter and over $150 billion of adjustable market for digital ads that can come to twitter. >> and i know, ned, i speak to every consumer product good company and i always say what's your percentage and they're all going from 50 to 60, now 70, 8 0% online. i used to not hear your name candidly because there was too much ranger we had a divisive president. some people like that, some people don't but what does matter is that twitter's name pops up standly as the place they want to start the campaign because they need
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influencers. i did not hear your name two years ago, ned now it's the first name i hear >> if you want to launch a new product or service, if you're doritos with a new kind of chip in brazil, if you're yahoo japan on your big commerce day in japan, if you're playstation and you want to take over the conversation around gaming around the launch of the playstation 5, you have to be on twitter. because it is where opinions are formed and as a brand you can be part of the conversation. you can point people to your website or your product. and one day too, jim, you'll be able to buy something on twitter. we are working on this direct response road map. first app installs because that's our core d.r. product offering today but we want to get all the way down the funnel to where you can buy something on twitter >> i want my community to be able to have that. but i want to have a space, a space where i can address the people who care about what i think and i want to hear what they have to think and i don't want to go to clubhouse. i want a space on twitter. can i do it?
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>> well, a guy like you with over a million followers can leverage the follower graph that you have and the people who follow you can follow -- can follow their interest graph to find incredible audio chat rooms on twitter this to us feels like a natural extension where we started with text, we added images, we added video, live video, audio tweets, and now you can go in. it's in beta today but i heard jim cramer may have access to it where you can go and create a space and have a conversation. other people can join you and others can listen. people can tweet alongside it. this is going to be a terrific experience we're really excited about this as an extension of what we've been doing already >> we have to talk about people's minds and i don't want to be too ethereal here, ned, but the fact is if i want to know instantly what people are thinking i can't find out other than through twitter, you have not really mined that to date are you getting the tools to make it so that that very instant we all know that it
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looks like you cannot stop leonard fournette? and i want to know right then what everyone else is thinking and what's the reverberation of that twitter can give me that if i'm an advertiser what can i do with it >> well week, doing a better and better job helping people find what they're looking for when they come to twitter sometimes that's by perfectly timed notifications to bring you to the service when there's something happening around you that we think you care about other times it's through one of our topics today you can follow one of 6,000 topics we have over 100 million accounts that follow a topic today. that means we're doing the hard work to find the accounts for you. you tell us you care about a hashtag for a stock, we will get you the right tweets about that stock. you tell us you care about the philadelphia eagles we will get you the right tweets about them. that helps people find what they're looking for. then people can get right in that moment exactly what's happening and if they want to they can also join the conversation >> one last question ned, i'm going to get personal for a second i know you as an incredibly nice
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guy. georgetown my executive producer georgetown but i've always felt that you're in sync with what i want on the site, a nice place like pinterest is nice snap is nice twitter is nicer okay, some people give me a hard time a lot of that is the political situation. but if someone -- if you guys decided, you know what, it's okay to be nice and not be as divisive because boy, it just seems like a sweeter place to be >> well, we really want people to feel safe being a part of the conversation on twitter. we want them to be able to trust the information they see and we've worked really hard to leverage machine learning, to make sure we have really clear policies, to enforce them consistently and transparently because when you do that people are more likely to use the service. they're more likely to share their thoughts, whether it's an advertiser or a consumer it makes it a much better experience we've come a really long way on this, jim. >> this weekend former president trump is speaking. i'm sure a lot of people would like to see a tweet from him
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but i understand that the ban is not a temporary one. >> well, the way our policies work, when somebody is removed from the service there isn't a path back for them and this is just the way that we've designed the policies. i'm sure people will be able to hear about things happening all around the world this weekend and they'll be able to talk about what's happening, whether it's a public official or a sporting event you can come to twitter and see and be part of that conversation >> and that's maybe all you need to do right now. ned segal, congratulations on the forecast and on the amazing turn you and i believed i believed it was just a matter of time you had to spend the money you're doing it, and it's working. ned segal, great analyst day only stock i even follow is up today. good to see you, sir >> thanks, jim >> "mad money's" back after the break. this is how you become the best!
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for a couple of days growth going out of style but great growth companies keep putting up great numbers. like salesforce. very strong guidance, very good quarter, even if it wasn't perfect. and of course the stock's getting hit. i want you ready to buy this one. a very good position, by the way, for my charitable trust as it goes lower it gets better. especially before it closes in on transformational slack deal let's check in with marc benioff. chairman and ceo of salesforce to get a better read on the company. mr. benioff, welcome back to "mad money." >> it's great to see you how are you feeling, jim >> i am feeling much better. thank you. and thank you for the whole way when i was not well checking in on me. it means a lot to me thank you. >> well, jim, it's great to see you back in the studio >> thank you now, marc, i often try to figure out what is the best indicator, particularly on a day when the nasdaq's down, that shows the strength and each time there's something that sticks out to me.
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a lot of companies are measuring themselves on operating cash flow your operating cash flow, 2.17 billion, this is by far the biggest i have seen. how does that happen >> well, jim, we've really kind of created a company that delivers tremendous growth you've seen that look at this year with, you know, we're over 21 billion coming into a year where we're doing more than 25 1/2 billion and we have always just had tremendous cash flow because it's the name of our business. and you can see again another record cash flow number. i'm very excited about where we are and where we're going as an organization >> and future revenue under contract, mark, $36 billion? >> well, jim, that's what's driving this -- you know, we have this $50 billion dream. you know that. so we're going to do more than 25 billion this year but we want to more than double this company in a relatively short period of
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time and it's these existing contracts that are allowing that to happen. it really creates the momentum of the revenue over time >> those of us who read the newspapers and still pride ourselves on doing so saw a chart today, and the chart, which i look at every quarter, has shown two lines now. there's the line of the global leader in crm, and that's going straight up. and then everybody else's line is either going down or meeting at some sort of level that indicates to me that i don't know, i don't know what the other guys are doing, but you're taking share from every single one of these companies i'm talking about oracle, s.a.p., maybe not adobe or microsoft, hanging in there. how are you doing that >> well, jim, it's all about customer success we can talk about the revenue. we can talk about the cash throw, but we have to talk about that we can deliver for customers what they need to be successful right now and a great story in the quarter is 3m. you look at what 3m did. usually 3m is talking to us
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about a b to b customer story. or b to c customer story they want to sell directly to the end user in this case they're fighting the pandemic and you know 3m ppe has been very important that is the masks. and all of a sudden you probably know they've had a very serious issue where there are counterfeiters who are bringing counterfeit masks into this country and other countries and it needs to be stopped because we need those masks to protect us in this pandemic. and in fact we created a salesforce customer 360 solution almost overnight with them to do that we've worked in partnership very closely with their ceo mike roam sxn we've delivered a tremendous success. and with success stories like that and others as we've seen especially in a year like this where salesforce's customer 360 solution has really shined >> people should know mike roman's quarter 3m was excellent. and it's been integral in a very big turn but one that's going to produce multiple years there's another company we
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featured just last night as one of the 12 companies that people should take a stick in for long term it's called align. i did not know that align is working with you for customer relations. >> well, align has been a -- you know, i know so many people that use align. it's a great product, jim. it's transformed people's lives. especially in this pandemic where everybody's on zoom. they want to make sure their teeth look amazing so it had, again -- it's a great b to b story because they're talking directly to their dentists and orth do orthodontid all the people selling align but it's also a great b to c story because they're communicating to the end users. it's the customer 360, the ability to do sales and service and marketing and commerce and everything is one solution that allowed align to go through tremendous digital transformation their ceo, i just love working with him he's just one of the most optimistic, positive people i've ever met great company. >> yeah.
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>> and i'll tell you that's a great pandemic story but there's another pandemic story which is our vaccine cloud. this is a quarter where the vaccine cloud is now used by dozens and dozens of cities and states, whether it's new york city or here in the state of california you know, we're really doing a great job rolling out these vaccines but it is a massive logistics and information technology challenge. probably one like i've never seen and when you talk to the mayors and you talk to these governors this need solution that's are out of the box and work. and our solution has done fantasticin this pandemic and in the vaccine rollout and other solutions have not done as well, actually i've been very proud of our team they've done a great job it's been a heroic effort. and i hope soon we'll have everyone in this country vaccinated >> well, i know that louisville's a good example too. and marc has been integral in many parts of the country that he might even take credit -- i
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happen to know because there are some things he and i did together with masks. one last thing there's a beautiful tower in san francisco. it's the biggest and the most exciting and is it going to be the emptiest in the future of work >> well, i was there yesterday which is salesforce tower in san francisco. there's a great lego set, by the way, that you can get so you can build it and experience it but you're right it's empty right now there's nobody in our offices in san francisco. in fact in most of the cities in the worldour offices are not filled everyone -- you can see here, i'm at home. and i expect, though, we're going to be able to bring people back soon and we'll be able to have people back in the office we want to do it safely, of course we want to make sure people are protected. and i hope that we create that and we create that office culture in an exciting new way we've learned a lot in the last year not just how to have a successful company or have a successful quarter like we just had or have a successful year like we're about to have we've also learned that people
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can work at home, that this whole past working environment it's basically gone and we're going to create a new more flexible working environment where people can be at home if they want to be at home and they can be on zoom if they want to be on zoom and they can be physically in the office if they want to be in the office and this is a moment that we can see productivity can take many shapes and it's not just about being in the office all the time anymore. it's a new work from anywhere environment. i would say it's a success from anywhere environment because i want to be able to sell, service, collaborate, share, conduct commerce from anywhere and that's what i'm excited about. >> well, you're clearly doing that particularly, by the way, from europe and asia where the numbers are extraordinary. marc benioff once again delivering a terrific quarter. the market's down. i say maybe the market is too short term because marc benioff thinks long term marc benioff, ceo of salesforce. it's great to see you, sir >> it's great to see you, jim, and i'm so glad you're back. >> thank you listen, we've got a company that
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reported great numbers almost every line is better than expected but the stock market doesn't like that. like it didn't like nvidia that's your opportunity. hey, i don't know, wait two days and buy? that's fine with me. "mad money's" back after the break. >> announcer: coming up -- >> it is time! >> announcer: cramer takes your calls. rapid-fire "lightning round" is next. since we founded affirm 8 years ago, and through to this day, our mission has been to build honest financial products that improve lives. we're proud to be putting consumers back in control of their finances without the fear of falling into debt or paying exorbitant fees. we're also proud to be a powerful revenue accelerator for merchants. a payment system like ours has never been built. but, it isn't only good business, it's the right thing to do.
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it is time it's time for the "lightning round" on cramer's "mad money." and then the "lightning round" -- are you ready, skee-daddy
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"lightning round" on cramer's "mad money." let's start with alex in oregon. alex >> caller: senor cramer, thanks for taking my call you recommended moderna about a year ago i picked some up and i'm looking -- >> well, i've got to tell you, i have seen the future i was going over with someone the moderna pipeline of what's ahead in the vaccines that you haven't seen yet and i've got to tell you it makes me want to go back and pound the table moderna. that's how good rna messenger's going to be. they may even have a cancer vaccine within our lifetime. tom in texas tom! >> caller: jim, doctors tell me inari medical is -- >> well, i guess they probably tell him good things i hope. i do know the company and i like them on -- why because i happened to study them at the time i happened to have a catheter on when i said to sell xwchlt me. sure enough it's catheter-based technologies but a lot more! let's go craig in texas! craig! >> caller: cramer, how are you
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feeling today, my man? >> man, it's just a dynamite day. how are you? >> caller: i'm feeling excited thank you for all your help. i've been watching for like the past eight years >> thank you for not trashing me it's a pleasure. what's up? >> caller: because of that i am rich i'll say that. i have a question about the short-term and long-term view on nano string. >> if you've seen this stuff, i was just mentioning rna messenger, these guys are again at the heart of what people are talking about, which is figuring out the genes that kill us and the genes we don't need and the genes that save us these companies are the future and i am so glad you brought this one to me and, that ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by td ameritrade coming up, they claim to be the world's greenest car is fisker automotive the market's most sustainable ev stock? cramer's got the founder and ceo next
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what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪♪
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this has been a lousy week for electrical vehicle stocks. one notable exception, fisker. yes, the ev company that some bold souls believe will give tesla the first real run for its money. it reported a solid number tonight and one of the rare ev companies that wasn't slaughtered today. can the stock hold up against this bond and ev selling onslaught in let's dig deeper with henry fisker. he is the legendary auto designer who's the co-founder chairman and ceo of fisker
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mr. fisker, welcome back to "mad money. >> great good to see you again, jim >> i have been reading and reading and reading and i think we've got to talk design, manufacturing, business model and consumer experience. i'm going with the last first because we didn't talk about it last time. apparently you've got the most frictionless way to be able to buy and own a car that anyone's ever developed i'm giving you the floor >> well, yeah. you know, we looked at what do customers want in the future and do young people really want to go out and get a $50,000 loan and sign for a three-year lease? probably not so we created a very simple flexible lease where you can lease our vehicle. you go on our proprietary app or online, you'll be able to lease our vehicle and give it back anytime. and we'll take care of the service. we come and pick it up but the most interesting thing about this lease is when you give it back, while you have this car you can actually order over the air updates you can actually buy some
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features because we will put standard in all our vehicles, our f.i. pilot and all the opportunities to get new features over the air. and what's interesting here is when we get that vehicle back -- we own, by the way, this asset we can reset the vehicle and now somebody else lease this vehicle and now they can purchase essentially the same features that the last person purchased, which gives us a mobility revenue over the life of the vehicle and we expect to lease this vehicle out to maybe ten people over a 12 to 15-year life and that is a whole new revenue model but it's also a new seamless model for the customer that don't want to be locked into the traditional three or four-year lease. >> anyone who just got out of school, i went out and bought a car with my daughter, this would have been the one i wanted instead we put down a lot of money. establish a credit line. all those things i don't want that. i want what you're offering. now, i'm looking at the ocean and studied it all day today it is a true suv design. it is not a sedan. and i've got to tell you, it's not a sedan functioning like
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one. can you maybe compare it to the tesla in terms of the pricing? because i think that the tesla s is a little more expensive than what you have. >> yeah, you know, i mean, we didn't want to do a me too tesla. that's what they're doing. that's great but we really wanted to do an alternative. and at the end of the day we're not out here just to sort of go in, take tesla customers away from tesla that's great if they come and that we have some. but the real market opportunity is the 80 million people who buy a new car every year i mean, that's a gigantic opportunity. and it's clear with all the numbers that the fastest-growing market segment globally is the suv. the suv look and that's where we're differentiating us from other car companies that are really making more either hatchbacks or sedans and i think this has shown up in the fact that we already have over 12,000 reservations of this
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vehicle even though we are not launching until end of next year and in fact, we have done our internal surveys with these reservation holders and a lot of them have bought the vehicle or reserved the vehicle basically based on the design of the vehicle. >> i think not only is that showing you can go on -- it's $250 $25 if you cancel for a service fee. seems reasonable one of the things i was struck by was that i immediately tweeted when you were on last about magna. magna immediately retweeted me and said how proud they are to be affiliated with you i felt the same way about foxconn. you typically do not hear assemblers being so excited about affiliating with a designer is this the new way, the asset light way that we get the car we want made well but we want beauty and we want function, we want fisker? >> yeah. and i think you want quality and i think that was really the point of course with magna we've had a great relationship with magna we're working extremely efficient. we're probably working about 20 hours a day because their
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manufacturing group is in europe and i'm super excited. normally -- by the way, jim, normally as the ceo of a startup i would be sitting here this late in our development and using covid as an excuse for why we're late i will just tell you we're not late, unfortunately. we're actually on time and that's because we're looking so closely with magna in this case when it comes with foxconn, i think that really sort of stamps in steel almost that we have a business model that works. it wasn't just a one-off thing that we made a deal with magna we're now making a deal with foxconn, which is the world's largest manufacturer and yes, they're doing consumer electronics, you know, am iphones, et cetera but that's why i think that we have a real opportunity to innovate with them because they're starting from a clean sheet of paper and if anybody can rethink of how to manufacture a car it's probably foxconn. >> yes and i've got to tell you if
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anyone can design a beautiful car, i'm looking right now at the aston martin for one of my favorite bond movies, it's henrik fisker. thank you so much, sir, for coming on "mad money." go to the site you'll just put down the 250 i know you will. it's so gorgeous all right. listen there's always a bull market somewhere and i promise to try to find it just for you right here o somewhere. i'm jim cramer, i'll see you tomorrow "the news with shepard smith" starts now \s. the start warning today from law enforcement. i'm shepard smith. this is "the news with shepard smith" on msnbc. >> they want to blow up the capitol and kill as many members as possible. >> police warn of extremist chatter about bombing the capitol when the president -

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