Hey, I'm Kramer. Welcome to Mab Money. Welcome to Kramer. I'm doing my friends. I'm just trying to make you a little bit of money here. My job is not just to entertain, but I'm trying to teach little education. Call me 1-800-743 CBC. Tweet me at Chum Kramer. We have three economies right now, not one, not two, but three.

Two of those are booming, although one shouldn't be.

And the third one is hurting badly.

And it needs help right now.

Of course, when you look at the averages with the Dow dipping 1.2 points today,

the SB gaining 0.5% of the NASDAQ jumping 1.12%. You can't see it because all three groups are

mixed together. That's why tonight I'm going to break up down for you. The first of the most

exciting is everything connected to artificial intelligence in the data center.

We are constantly being told that this is a bubble and accident waiting to happen.

Ever since the launch of ChatGPT in late 2022, the data center's buildouts have been responsible for 75% of the SB 500 returns, 80% of its earnings growth, 90% of capital spending growth.

Thank you, Michael Sembless, chairman of market and investment strategy for JPMorgan

asset and wealth management for that, for calculating those for us.

The bears want to throw freezing cold water on the whole AI complex, which is why they

constantly compare it to the end of the dot-com era.

I hate that analogy.

The heavy hitters in this business think meta, alphabet, Amazon, Dell, Micron, AMD, Microsoft

Procom, Oracle, and, of course, Nvidia, all have incredibly deep pockets.

Open AI is a little more opaque, but they've had no trouble raising money.

Oracle might be overspending on data centers. I would argue it definitely is. But worst case,

they can sell some stock and offer a whole lot of corporate bonds. And remember, they have a

tremendous track record. All of these companies have been criticized for spending on AI like

drunken sailors. There's a cottage industry of bears who spent the last couple of years urging you to short

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