4.4 • 3.9K Ratings
🗓️ 24 July 2025
⏱️ 44 minutes
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0:00.0 | Hey, I'm Kramer. |
0:25.3 | Welcome to bad money. |
0:26.6 | Welcome to Kramer. |
0:27.8 | I hope you make friends. |
0:28.7 | Hey, I'm just trying to make a little money. |
0:30.5 | My job is not just entertained, but then, well, put it all in context. |
0:34.4 | So call me at 1,800, 7.7.3, CBC, tweet me at Jim Kramer. |
0:37.9 | We keep hearing that all the AI spending by the hypers, |
0:42.4 | the nation-state companies like Google or Microsoft, |
0:45.5 | has to stop eventually. |
0:47.5 | It's not worth the price. |
0:48.7 | They'll regret it. |
0:49.5 | They aren't getting a lot out of it. |
0:51.4 | And then you get a quarter like the one Alphabet reported yesterday |
0:54.1 | where they |
0:54.6 | added $10 billion to their already $75 billion capital expenditure budget, and you realize just |
1:00.6 | how off-based these criticisms might be. As long as the spending continues to make sense, |
1:05.2 | and that makes, well, it sure seems made sense when the case of Alphabet, which is the parent |
1:09.6 | of Google, it seems like these |
1:11.6 | investments are both urgent and needed. That spending is also a big part of the reason why this |
1:17.6 | market can hang in there. Dow declining 316 points, but the S&P advancing 0.07 percent, and now is that |
1:23.1 | gain 0.18%. Last night, I listened to Sundar Pichai. He's the visionary CEO of Alphabet. |
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