"Facebook seemed like it was running amok and was about to be leveled by the government," CNBC's Jim Cramer, the host of "Mad Money," recalled on Wednesday. "No wonder the stock traded down to 18 times earnings."
Cramer argued that Facebook's comeback is symptomatic of a broader problem in the stock market: the negativity that gets directed at seemingly countless stocks and situations.
When asked about the impact of potential trade war escalation, Cook seemed surprisingly sanguine about the state of U.S.-China relations.
"I am pretty optimistic there," Cook told CNBC. "I think that China and the U.S. have this unavoidable mutuality where the U.S. can only win if China wins, China can only win if U.S. wins and the world can only win if both win."
"So if you look at what history tells us — that countries that are the most open and most diverse do the best, and the folks that are closed and least diverse, their citizens do the worst — ... it tells us that again and again and again," Cook continued. "And I think both countries know that."
"[It] simply didn't have enough critical mass to make a difference until, well, now," the "Mad Money" host said. "With last night's blowout quarter, which had huge China sales and fabulously better than expected numbers for even the much derided iPhone X, that narrative is now gone."
"The key takeaway was that the service business has finally arrived," Cramer said.
Apple grew its subscriber count to 270 million people in the second quarter, up by 100 million year over year. Its services revenue was more than $9 billion.
"I've been wondering: what exactly does it take for a company to get Wall Street to appreciate its fabulous earnings and its numbers for revenues?" Cramer said on Wednesday. "It's not just Apple that's buying back stock like there's no tomorrow."
The iPhone maker's plan to return up to $100 billion to its shareholders marks the largest share repurchase program announced this year.
"It's like people don't even notice, which is why I feel compelled ... to point out some of the best ones," Cramer said. "So let's talk about the biggest, most impactful buybacks we've seen."
"It's unbelievable how much of this stuff is being done with paper, how much of this is being done in a way where companies just don't understand where they're spending their money," the CEO said in a "Mad Money" interview.
Tesla, Snap and Uber are among Coupa Software's roster of high-profile customers. Even Salesforce.com, a leader in digitization and automation, has been Coupa's customer for more than seven years.
"We're building our way into this huge market opportunity," Bernshteyn told Cramer. "We're helping companies get their arms around hundreds of billions of dollars in spend, optimize it, save money, get smarter about the way they interact with suppliers – everything that has to do with spending money on the goods and services companies need, we help them apply best-in-class cloud platform technology to get it done."
Dominion Energy Chairman and CEO Tom Farrell's utility giant serves top-tier tech companies in a very different way.
More than half of the internet traffic in the United States runs through Dominion's electric service territory, and the company powers data centers for the likes of Facebook, Amazon and Microsoft.
Farrell told Cramer in a Wednesday interview that lately, "we've had a lot of negotiations with large customers like that to provide them all solar for their needs. [There's] going to be a new, very large Facebook data center here in Virginia. Microsoft we have contracts with, Amazon we have contracts with, all for data centers to provide renewable power as their source of power."
Farrell added that the shift is fairly broad-based. Dominion added over 2,000 megawatts of solar capabilities across the country in the last four years.
In Cramer's lightning round, he flew through his take on callers' favorite stocks:
Texas Instruments: "Texas Instruments had a great quarter. It was mostly internet of things. One day, the negativity among the semiconductors will stop when they're delinked from the cellphones and then you're going to say, 'Why didn't I buy at $102?'"
Limelight Networks, Inc.: "A few years ago, I gave a seminar for The Street about undervalued stocks. It was around $2. It has doubled and I think it goes higher because it's about streaming. It's a poor man's Akamai, I admit, but I like it."
Disclosure: Cramer's charitable trust owns shares of Facebook, Apple, Microsoft and UnitedHealth.