CNBC’s Jim Kramer bought Mad Money back to San Francisco for the first time in two years and talked about four major innovations and companies that justify technology leadership in the stock market.
1. “Using artificial intelligence to replace people”
Kramer said the first value-creating innovation is “the way companies are using artificial intelligence to replace people, especially since now that we are experiencing the Great Retirement,” in the days of Covid, it is so difficult to find workers. He indicated that a record 4.43 million people quit their jobs in September.
“When you think about artificial intelligence, you have to start with Nvidia. Everyone thinks of this company as a semiconductor company, but in reality it is a machine learning platform, ”said Kramer. “Then there’s conversational artificial intelligence that makes computers look like real people. This is Five9, the call center software. “
Kramer said most people are thinking about changing Facebook’s name to Meta platforms when they think about the metaverse. However, host “Mad Money” has suggested other names such as Unity Software, which produces the tools needed to develop video games and experience the metaverse.
Who will be the first to enter the metaverse? My money goes to Roblox, a popular online gaming platform that allows users to easily create their own digital experience, ”said Kramer.
3. “Electric cars”
Pointing to Rivian shares are up sharply since their IPO last week, said Kramer, a Lucid Group worth watching. “The luxury EV maker … just won MotorTrend’s Car of the Year award,” he added. “Who doesn’t want to be the next Tesla?”
4. “Financial technologies”
In short, fintech is becoming a Silicon Valley obsession, Kramer said. “On the West Coast, they do more engineering than financial engineering.”
He quoted “buy now, pay later.” Affirm and CEO Max Levchin, who “are trying to exclude credit card companies from the consumer lending equation because they are now trapping generations in their financial chains.” Levchin was a co-founder of PayPal.
“You want a truly revolutionary perspective on banking, you need to talk to the people who run Square,” Kramer said.
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