Fed rate hike expected this week

The S&P 500 rose Wednesday as markets await the Federal Reserve's interest rate decision. Odds of a rate hike exceed 90%, and Cramer believes it would help tame inflation.

Fuel costs hit logistics hard

J.B. Hunt Transport Services dropped 13% after warning that elevated fuel costs could hurt profits. FedEx Freight and FedEx also fell on the news.

Intel could land SK Hynix deal

Intel rose over 5% after Reuters reported SK Hynix is in talks to manufacture memory chips in America. Cramer called SK Hynix the best possible client, even better than Apple.

“I will say that it would be the single best client imaginable, even better than Apple.”

Intel foundry business underrated

Analysts at Melius predict Intel could hit $200 per share in two years, nearly double current prices. Cramer says many investors underestimate the power of Intel's foundry business.

“I do think that there are a lot of people who have a sell and a hold on it. They don't realize the power of the Foundry if they get it right.”

Salesforce launches new AI tools

Salesforce unveiled AIForce, a live interface across its ecosystem, plus Koa, a reasoning model built with Nvidia. The company is overcoming AI disruption fears that once weighed on its stock.

Salesforce stock way too cheap

Trading at 15 times forward earnings, Cramer says Salesforce is undervalued. He also praised the company's debt-fueled buyback as one of the greatest in history.

“I always heard that people say they're going to wreck the balance sheet. Well, not only did they not wreck the balance sheet, it's got to be one of the greatest buybacks in history.”