In this article, we will look at Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. On Friday, the host of CNBC’s Mad Money discussed the upcoming quarterly earnings reports of various companies and said that the market is still being driven largely by excitement surrounding semiconductor and data center companies
This market keeps going up and up on the same old stuff: news about semiconductors, even old news about semiconductors, retreaded news about semiconductors, even pure conjecture about semiconductors. Anything remotely positive moves that group. Anything remotely negative about any other group is considered catastrophic. You know what? They tend to cancel each other out when you look at the averages.
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Cramer also pointed to Tuesday’s upcoming consumer price index report and said that investors hoping for an interest rate cut later this year are likely looking for a softer inflation reading. He noted that the latest employment data came in strong, although wage growth eased, which he described as an ideal outcome for the Federal Reserve. He added that a weaker CPI number would make it easier for the next Fed chair to persuade other members of the Federal Open Market Committee to support rate cuts.
Now the country is going toward an agentic world where thinking machines can do all sorts of heavy lifting that we can’t do. Some doubt this whole movement. They’re skeptical because so many data center-related stocks have gone parabolic here, and that usually doesn’t end well, and I agree with that.
But the bottom line: I look at it another way. When I talk about how amazing what is happening right now and how this time is really different, the cynics, and that’s most people, heckle me and warn me that my thinking is dangerous to their wallet. I say this is still a gigantic opportunity, and I am also telling you right now, it is not too late to buy. We will get dips. There will be… negative stories by the greedy press. There was one yesterday, was just totally made up. It gave a great opportunity to buy a stock… That’s when you have to pounce because these stocks don’t have much quit in them, even for a day.
Our Methodology
For this article, we compiled a list of 21 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 8. We listed the stocks in the order that Cramer mentioned them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Jim Cramer’s 21 Stock Calls: Micron, Affirm, and the Strength of the Data Center Complex
21. Micron Technology, Inc. (NASDAQ:MU)
Micron Technology, Inc. (NASDAQ:MU) was among Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. Cramer addressed the memory and storage supply shortage and high demand, as he stated:
These days, the big winners are the memory and data storage stocks. Micron’s up 777% over the past 12 months alone. Sandisk’s up 4,162%. Western Digital’s gained 984%. Seagate jumped 712% over the same period. But these are real companies that make real things. And right now, they’re practically just printing money simply because there’s so much demand and so little supply. Believe it or not, but they may all be undervalued because of this fourth industrial revolution… Earlier this week, I told you that some stocks are galloping higher because they have to go where they have to go. It sounded like circular reasoning, I understand that.
We keep seeing it happen, though. Micron rallied another 15% today to $746. Why? 746, why? Because it’s going to $1,000. It needs to go through the 700s, 800s, and 900s to get there. Even after… $1000, the stock would still be pretty… cheap on an earnings basis. Micron can keep running because there’s endless demand for its chips from the data center companies and not enough supply, so pricing just gets better and better and better. Right now, the stock sells for just six times earnings. Same exercise with Sandisk. In fact, it could be even cheaper than Micron, despite already rallying a lot harder.
So what do you do? Unlike the old days when we were flipping the dot-com IPOs, you gotta pick some of these moonshots and stick with them… As long as you have some cash on the sidelines and your portfolio has some diversification, you have my blessing to buy these red-hot stocks, even if you missed them, even if you missed a lot, even if you’re just getting in on Monday. If you have nothing but the memory plays and someone comes up with a… mousetrap, you’re going to lose a lot of money, hence the need to diversify among the plays. But of all the people I’ve talked to in the business, nobody knows of anyone who’s even trying to tackle a memory shortage, so these stocks keep running and running. And it’s not too late to buy them here because the price-to-earnings multiples are simply too low.
Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands.
20. Amphenol Corporation (NYSE:APH)
Amphenol Corporation (NYSE:APH) was among Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. Toward the end of the lightning round, a caller sought Cramer’s opinion on the stock. In response, he said:
I like Amphenol. I think you’ve got a good one. It’s actually come down a little, for heaven’s sake. I thought it was never going to come in.
Amphenol Corporation (NYSE:APH) manufactures electrical, electronic, and fiber optic connectors, cables, and sensors for industries including automotive, aerospace, communications, and industrial technology. During the episode aired on November 11, 2025, a caller inquired about the stock, and Cramer replied:
Oh my God, it’s just such a great stock, and it’s still not even expensive versus its growth rate. You want to stay in that cable play.
It is worth noting that the stock has declined nearly 10% since the above comment was aired.
