Mad Money w/ Jim Cramer 11/6/26
- Cramer calls Friday's tech bounce a dead cat bounce, with sellers waiting on any data-center recovery
- Cisco seen as oversold after falling from $230 back to the 90s; he'd buy a small position
- Applied Materials at $332 versus its $740 summer peak is not automatically a buy
- Neocloud earnings from CoreWeave and Nebius framed as the week's real test on debt costs
Cramer is telling holders of AI infrastructure names that the washout is unfinished, and that a strong jobs report did nothing to help. The one place he is willing to put money is Cisco, which he thinks has been dragged down with everything else. Applied Materials gets the opposite treatment: its lower price still looks expensive because the old price was built on a squeeze.