Mad Money w/ Jim Cramer 10/27/26

Broadcom

Across the shows: 7 speakers in other episodes, 5 bullish and 4 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  Broadcom's $63B financing deal for Anthropic compute shows it can get big AI deals done.

  Cramer credits Broadcom with arranging a $63 billion financing deal to sell computing infrastructure. He says it was a tough fight, with CEO Hock Tan knocking the bankers' heads together to get it done. He calls Anthropic 'the best AI company there is' and says the Broadcom-arranged financing seems to be accepted, with Broadcom and Anthropic appearing immune to criticism. He flags, however, that the next such deal with weaker counterparties might not look as good. His view is positive on Broadcom's execution and on the deal's credibility.

  “Because Broadcom was able to arrange a $63,000,000,000 financing deal to be able to sell computing infrastructure”at 1:52

CoreWeave

Across the shows: 54 speakers in other episodes, 14 bullish and 49 bearish calls, past 30 days

• Jim Cramer · CNBCBearish

  CoreWeave's bond yields near 15% and falling shares make its debt-funded model unsustainable.

  Cramer says CoreWeave's shares have been plummeting while its bond yields blew out, with some publicly traded bonds reaching a 15% yield. He calls that unsustainable for a neocloud company that relies on borrowing. He describes the stock as a debacle and says Elon Musk's post about 200 neoclouds failing worried him. He notes that shorts may stop the stock from rallying, and that critical stories about CoreWeave will follow any positive news. He does acknowledge that CoreWeave had a big day and is still alive, and he suggests Nvidia buying its bonds could silence critics. Overall, he treats the company's financing as the core risk.

  “whose shares have been plummeting while the company's bond yields were blowing out with some publicly traded bonds reaching a 15% yield. Now that's unsustainable for this neocloud company.”at 3:03

Anthropic

Across the shows: 66 speakers in other episodes, 58 bullish and 51 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  Anthropic's IPO filing shows strong growth and cash, a breath of fresh air for AI.

  Cramer says Anthropic's S-1 filing for its upcoming IPO shows a private company with strong growth and a large amount of cash, with more to come from the offering. He calls it a total breath of fresh air because the company will both make a lot of money and have money to spend. He concedes that the profit figure will be adjusted, but says it will look good. He says the filing buried the Achilles heel of CoreWeave and its challenged peers. He also notes that Anthropic seems to be immune to criticism even as the financing draws attention.

  “First, Anthropic unveiled the s one filing for its upcoming IPO, showing a private company with great growth, ton of cash, with more coming from the offering. It's a total breath of fresh air”at 3:40

Meta Platforms

Across the shows: 51 speakers in other episodes, 45 bullish and 26 bearish calls, past 30 days

• Jim Cramer · CNBCBearish

  Meta's planned at-the-market equity sales will add supply and likely drag the stock lower.

  Cramer says Meta announced a fundraising plan, with about two-thirds, or $60 billion, coming from an at-the-market program starting next year. He says this will drag the stock lower because brokerage desks running ATM programs tend to add supply at the wrong time and amplify sell-offs. He adds that the announcement was already widely expected, so it did not hurt the market much on the day. The bearish call rests on the mechanics of ATM selling rather than on Meta's business.

  “I don't think they'll like that nearly two thirds of the fundraising plan, 60,000,000,000, will come from an at the market program next year. Something that I am telling you will drag the stock lower”at 4:07

Dover

• Jim Cramer · CNBCBullish

  Dover is mispriced; a 2027 setup with strong backlog could lift the stock about 25%.

  Cramer says Dover reported a top and bottom line beat, a 35% jump in backlog with about half due to ship in 2027, and a raised lower end of its full-year forecast. He points to strong demand, good margins and $330 million in buybacks. He says the stock has lagged the S&P 500 this year despite these results, and calls it very mispriced. He argues the company's legacy businesses still throw off cash and support its dividend record. He says Dover is set up for 2027 regardless of whether the Fed raises or cuts rates. He expects the stock to be up about 25% after seeing the results.

  “I'm saying maybe this is a great setup for 2027 because I thought the stock will be up 25% when I saw this stuff.”at 13:16

GE Aerospace

Across the shows: 3 speakers in other episodes, 12 bullish and 5 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  GE Aerospace's order surge beats the sell-off; the stock looks fine to buy now.

  Cramer describes GE's third-quarter results as nearly flawless: orders up 49%, revenue up 18%, adjusted EPS of $2.25 beating the $2.01 estimate, and operating profit up 30%. He concedes free cash flow fell 14% and a light operating profit outlook. The stock fell anyway, which he attributes to free cash flow, a rich valuation of about 37 to 40 times forward earnings, and an in-line new hire forecast. He says the order numbers, especially commercial equipment orders up 235% and backlog of $170 billion (over three years of revenue), show the fear that high oil and rates will reduce engine orders is wrong. He concludes the stock looks fine to buy.

  “You know what I care about? Those order growth numbers. That's the future.”at 25:22

The Boeing Company

Across the shows: 6 speakers in other episodes, 3 bullish and 3 bearish calls, past 30 days

• Jim Cramer · CNBCBullish

  Boeing's free cash flow disappointment is a reset; long-term it is a bargain.

  Cramer calls Boeing's quarter a mixed one with an outright earnings miss, and says the stock fell more than 10% on a slower free cash flow ramp. He says the slowdown reflects upfront spending related to the Navy fighter jet contract, and that the reset should clear the sellers. He cites a commercial backlog of over 6,300 airplanes worth $612 billion, a record defense backlog of $101 billion before the new Navy contract and an improved management team. He says Boeing is so low that selling now will be right for four or five points but wrong for much more. He discloses that his charitable trust owns the stock.

  “We think they finally cleared the decks of despair, and a new Boeing is at last ready to begin. Although, I never thought it would get this low.”at 27:31

Microsoft

Across the shows: 15 speakers in other episodes, 12 bullish and 0 bearish calls, past 30 days

• Todd McKinnon · OktaBearish

  Microsoft overpromises by claiming it can solve every security and software problem; customers need an ecosystem.

  McKinnon says the cyber industry makes things too complex by claiming to solve every problem, and that Microsoft is the worst offender. He describes Microsoft telling customers it can solve every business software, security and AI engineering problem, which he calls untrue. He argues Microsoft needs to work within an ecosystem of partners to address AI agent and other security threats. He is a rival in security and identity software, which is why he has a competitive interest in this criticism.

  “Microsoft is the worst offender here. They go to a company and they say, we can solve every problem you have.”at 39:41

Penguin Solutions

• Jim Cramer · CNBCBullish

  Penguin Solutions trades at a low multiple and is worth buying more of as tech stocks sell off.

  Asked whether Penguin Solutions is a buy amid the AI data center boom, Cramer says the stock shows a low multiple. He argues that tech names like it tend not to get hurt as much as others in a sell-off. The transcript is garbled, so the buy-or-sell wording is uncertain, but the reasoning points toward buying on valuation and relative resilience. This is a lightning-round answer with little supporting detail.

  “Penguin Solutions shows at a low multiple and I don't buy a little more with tech stuff because they are tend not to get hurt as much as the others.”at 42:26

Revolution Medicines

• Jim Cramer · CNBCBullish

  Revolution Medicines should be held as the FDA becomes more reasonable; let the stock run.

  A caller who has held the stock for about two years says Revolution Medicines is developing a pancreatic cancer medicine. Cramer says the FDA is getting some real common sense, and that this means the stock should be allowed to run. He backs this with a Thermo Fisher CEO's view, relayed by Cramer, that the FDA had become more reasonable recently. He also cites a drug trial that a previous FDA shut down for what he called a capricious reason, which has just been allowed to continue. This is a lightning-round answer, so the case is brief.

  “I think you gotta let it run. I think this FDA is getting some real [common] sense, and that means letting that stock run.”at 43:34

Cybersecurity

• Jim Cramer · CNBC

  Frontier AI models make software vulnerabilities easier to find and exploit, so cyber defense is harder.

  Cramer argues protecting against cyber attacks has become harder this year because frontier AI models are very good at finding and, more importantly, exploiting software vulnerabilities. He cites the PHP case, where security researchers used AI to identify a flaw in the programming language's code, leading to a scramble to patch systems. He says the risk concerns him and he wants to highlight it, and he links the threat to the need for identity-focused security firms such as Okta.

  “The challenge of protecting against cyber attacks get increasingly difficult this year because Frontier AI models have proven to be quite good at identifying and, more importantly, exploiting vulnerabilities of software.”at 31:43

• Todd McKinnon · Okta

  AI cyber models drove a vulnerability and patch wave; basic defenses still protect most firms.

  McKinnon explains the current cyber wave as two changes. First, about six months ago, frontier AI models from Anthropic and OpenAI released cyber models that helped identify vulnerabilities in software, and those vulnerabilities are now being disclosed, creating a rush of patches. Second, the AI tools for exploiting vulnerabilities, such as probing networks and chaining attacks, are much more powerful, and the same models or open-source equivalents can use them. What has not changed is that most people are still hacked in basic ways. Companies with phishing-resistant multifactor authentication and timely patching can still be protected.

  “about six months ago, the big AI models, Anthropic and OpenAI released their cyber models that helped software companies and open source projects identify vulnerabilities”at 33:17

AI infrastructure & data centers

• Jim Cramer · CNBC

  Data center rally is not an all-clear; catalysts are fragile while rates and borrowing costs remain risks.

  Cramer argues the 'great data center trade' is back on, but he is skeptical that the rally clears the way for AI infrastructure. He says the 'all clear' signals (Broadcom's financing deal, Anthropic's IPO filing, Meta's raise, and a calmer bond market) are more ephemeral than they look. Data center companies, apart from Nvidia, have little cash and must borrow heavily, so rising rates could make returns uncertain. A Fed meeting, an election and renewed Iran conflict risk could reverse the calm. He calls himself an unabashed believer in the AI build-out as the latest industrial revolution, and expects companies that actually make money from data centers beyond Nvidia to emerge. His near-term caution rests on financing risk, not on the long-run thesis.

  “I don't happen to think that's all of a reason to call all clear. I think it's a reason to look at other sectors in the economy just in case the all clear is just one more bogus bucket of glee.”at 7:18

Oil & fuels

• Jim Cramer · CNBC

  Cramer expects oil prices to fall much lower, helping rates and profits.

  Cramer argues that the market will eventually stop worrying about oil, rates and profits because oil will be much lower and rates should follow lower, with profits rising. He says nothing has changed except that bonds are calm ahead of a Fed meeting, an election and a possible renewed strike on Tehran. Those event risks mean he does not call an all clear. Oil fell nearly $2 that day and is a main reason aerospace stocks have sold off, so he sees lower oil as a catalyst for the sector.

  “there will come a time when we won't need to worry about oil or rates or profits. Oil will be much lower. We'll [see] rates lower and hopefully profits higher.”at 7:18

Airlines & aviation

• Jim Cramer · CNBC

  Higher fuel prices and rates won't kill aerospace demand; the sector is a long-term winner.

  Aerospace stocks have sold off over recent months on the fear that high oil prices and rates will cut airline demand for new planes and financing costs. Cramer calls that mostly theoretical because wait times for new aircraft stretch for years. He points to GE Aerospace's order growth, including commercial orders up 58% and equipment orders up 235%, and to Boeing's $612 billion backlog, as evidence the fear is wrong. He says that if investors take a long-term view, the sector is a secular winner. He adds that if oil comes down, investors should act now.

  “The idea that higher fuel prices and higher interest rates will kill demand looks flat out wrong to me.”at 28:10

Enterprise AI adoption & AI software

• Jim Cramer · CNBC

  AI chatbots speed up research and help organize problems, but they are not reliable for solving them.

  Cramer says his show does not use AI in ways that could lead to a mistake. Bots are prone to errors, often do not use primary sources, and should not be treated as serious research tools. He still used ChatGPT and Claude to build a drug-pipeline comparison. The AI-assisted process took about three hours, against roughly three days by his usual method. He says he sticks with ChatGPT for helping organize a problem, but not for solving it. He still checked primary sources and analyst estimates himself, so the AI was a productivity aid, not a source of answers.

  “Do I stick with ChatGeePity seven because of that? Yes. When it comes to help organizing a problem, but no when it comes to solving it.”at 46:53