Jim Cramer explains why he thinks AI won't crush jobs

my mission is simple to make you money I'm here to level the playing field for all investors there's always a bu Market somewhere and I promise to help you find it m money Starts Now hey I'm Kramer welcome to Mad Money welcome to krer other people want to make friends I'm just trying to make you lra money my job is not just to entertain but to educate teach call me at 1800 743 CBC tweet me Jim Kramer whenever there's a big Trend everybody always wants to play this silly game of trying to figure

out what inning it's in what inning are we with the weight loss drugs hey how about with the electric vehicles or maybe with the fed's next move could be the seventh air we're clearly in the final inning of the Nelson pels proxy fight for a board seat or two at Walt Disney because pelts didn't get the votes but he could pick up a cool billion in profit good investment All Things Considered but the inning game that bothers me the most is what inning are we in the artificial intelligence Boom for

the last few days we've seen everything coming down in the AI space now people are arguing that because of the declining stock prices were in the late Innings of this story perhaps it was all over done to begin with fortunately that wasn't enough to do that much damage today D only slipping 43 points S&B was up1 one% NASDAQ gain 23% much stronger at one point today but still with the Bell weather of AI Nvidia now down from its high of 974 to 8 89 down another $488 today we're now being told in N

vidia GTC conference and this exciting range of supercomputers just old hot it's been replaced by the Golden Age of refining sending socks like Marathon Pete and Valero saring oh there's Tech it's the Golden Age of the dollar stores with Dollar General and Dollar Tree both on fire despite reporting weak quarters this month do tre's got a great candy aisle we're hearing even that chippy and ocado those two Chipotle robots they're in the seventh inning stretch move over Invidia CEO Jensen Wong it'

s all about the oils and the golds they've got the Mojo Mojo per share which I say hold it enough already when you hear all this inning talk and the coming bubble chatter it's clear that lots of investors have no idea what AI is let Al G of AI or what it'll be used for let alone how it's adoption represents a genuine Industrial Revolution right up there with a steam engine In fairness the reason they have no idea is because we really haven't even seen anything transformative from the AI Camp jus

t yet or at least nothing it's all that visible it's true that artificial intelligence has suffused the design change sales tactics for Salesforce uh or on boarding for service now there's no doubt that inference has influenced you to buy certain products on Amazon you might otherwise not have known about you may have stuck a you be with Instagram or or reals because of ultra fast speed for video Dell will make money connecting you to the Nvidia World Dell actually were by the way to a new allti

me high today people remember that it's doing very well but in terms of innings I don't think the AI game has even started yet because the tech still too slow to matter the big gun computers that Jensen Wong rolled out the ones that we saw when we were out there they won't be in the data center until the fall so let me tell you some of the things I see that are off the Beaten Track they tell me AI is still in the batting practice stage only for those who feel they need warming up first one of th

e best uses for AI is replacing humans to do repetitive jobs jobs what we used to call dead endend jobs and that that includes chippy and ocado now I saw an autonomous forklift at the GTC that never breaks down and will one day be able to repl any human except for it's actually more like replacing multiple humans cuz it can operate 24/7 they can see around the corner it ain't going to stumble I saw a machine that was desperately trying to pick up a box but couldn't because the box was actually t

oo close to the end of an invisible wall so the r arm knew not to go near it the next sitation would never be deterred by that could pick up pretty much anything and that's coming maybe a year from now maybe shorter I saw robot bartender who could make me one of the one of just three drinks and they were mocktails it was look it's a machine that can't be programmed yet to do everything a real bartender would because the current Nvidia chip that powers it can't process all that but the next one m

ight be able to I wanted to know if they could program the bartender to make a drink shaken or stirred in homage to James Bond robot exec said is pretty much just a matter of time especially if you can show it the right videos anything I can do it can do better how about a robot playing sports the the new ones that aren't out yet will be able to pitch a perfect game every time simp by watching videos of pitchers that have won perfect games then matching those against what deficiencies the hitter

s have Again by looking at the videos consider AI to mean that a robot will be able to do anything physical that a person can do which allows that person to do literally anything else I do not think AI will crush jobs in the aggregate although it may replace a lot of undesirable jobs we're coming from a world where those few who can code have an unsalable edge on everybody else AI can level the playing field because these computers understand the spoken word not just hard to learn code that you

have to go to get a computer science degree to do sure we won't need as many forklift operators but you know what right now we don't have enough people to do these many jobs in the first place don't forget we still have the labor shortage in this country and in many cases wages are more expensive than most businesses would like or can even afford many other countries by the way have low birth rates and they too need these machines I experienced this in my old restaurants nobody wanted to do some

of the jobs except the prices that made the restaurants operate a loss you need to think of AI as a tool to start a business that you couldn't otherwise start okay think about it like that so yes we'll lose some jobs but we'll also get more business formation that spurge new hiring that I think will exceed the lost jobs the most difficult aspects of gener of AI and large language models have to do with our inability to grasp what can actually be changed here other than a few very imaginative pe

ople who can think about what super speed might mean to Computing people like Jensen Wong and his colleagues at Nvidia we lack the ability to comprehend what the robots can really do or or what we can do if we able if we're able to directly ask computers questions that we can't even think of now we just aren't there yet because to see this you need to be a Visionary jensi can see the future out 10 years that's all we talk about when I'm out there most of us have a hard time things seeing things

out 10 minutes which brings me all the way back to the stock market we heard on squawkbox today that Mets owner and legendary hedge fund manager Steve Cohen believes that AI cycle could be in 1995 not 2000 so of course what happens people go crazy and they buy d B they might brought come up to these percentages we decided to go back to some micro to Super Micro we go back to Micron but not Intel because it blew up again this time underestimating losses from the semiconductor Foundry strategy it

has in this sense the trajectory of artificial intelligence is similar to the trajectory of the PC when Intel went from 386 to 46 we figur okay it's over who needs anything more powerful than that turns out we all needed the next generation of Penny and we just didn't know yet bottom line when it comes to AI it's like the 286 is out where scoffing at the possibility of the 386 and the 46 down the road aren't we already going fast enough my view no we aren't going fast enough because we just lear

ned how to crawl there could be a real riot when we stand up and learn to walk to the ballpark to catch batting practice or maybe our national anthem let's go to Tyler in California Tyler big booy from California how you doing Jim I like the sound of this Tyler what do you got going for me he uh based on our 2001 Tech bubble numbers what is your uh price target for arm well I you know my my partner uh uh Jeff marks and I talk a lot about price targets we do not have one for arm uh but I do think

that over time I look I think the Renee hos is just fabulous as a CO and I would buy that stock easily up 25 to 30 points without a problem that's where I think the stock could head without it was at 164 it can go up some more Michael in Virginia Michael booah Jim booah Michael I've been watching I've been watching you for years uh thank you last last month March 4th I started to purchase the shares of zotis around 187 um I noticed that it's been trading down for about a month now I'm down 133%

in my initial uh position that I took I've been building a position as we go along over the last month I'm trying to figure out why the stock continues to pull back and should I buy more okay I think it's because of MK Animal Health I think MK Animal Health is doing incredibly well I I I do believe that MC has a lot of competitive products to them and that does matter I also think that idex Labs is doing better I don't think zotis is a sale here but understand that MC is a very powerful company

that's doing a lot of things right in particularly in Animal Health let's go to Trey in Texas Trey Jim I bought a Ford Ranger pickup truck and let me tell you this Beast is perfect for delivering pizzas and picking up groceries that said I'll probably buy a Chevy truck if I ever need some real payload speaking of payload is GM a buy um I like GM very much and the buyback is is formidable and I think the buyback has made it so that it's become a very good stock on any weakness I do I have a uh I

I have tell you I have I have the Ford Maverick and I absolutely love it I and I had the super duty I think it's terrific and I do think that that stock is going hard too because we saw some fabulous numbers go listen to what Phil leau had to say about hybrids it's all Ford's time all right look when it comes to advancing AI some may say we're just a we're going fast enough in my view we're just learning how to crawl and there could be a real riot if we stand up and learn how to walk to the sta

dium oh money tonight CSX holy cow has set up a special route from Baltimore to NYC to manage the impact of the Francis gotot Key Bridge collapse I'm hearing more about that and about safety when it comes to rails then the small caps have caught fire as of late so could that opportunity remain in the coort or is it mov too much I'm thinking into the details and from blenders to vacuum shark ninja has a place in your home but should have a place in your portfolio I'm sitting down with the company

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