In this piece, we will look at the stocks Jim Cramer discussed today.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer discussed a Wall Street Journal report commenting that OpenAI might find it difficult to raise capital for deals such as those with Broadcom and Oracle. The report underscores a key debate in the AI industry, which continues to generate media coverage due to hefty spending plans of big tech firms and mega AI players like Sam Altman’s company:
“It sure is. I mean there is a presumption that you have an unlimited amount of cash to do anything. I would then, by the way what they say behind the scenes is unlimited amount of cash could go pay Jensen Huang and NVIDIA, because that’s the big piece of it. I think that we’ve seen some studies in trade journals this week, told you about the leap that the new NVIDIA chips could give and how much money you make if you get them. Carl, I am not concerned. This is not 2000. Corning, which was deep in the 2000 revolution for fiber, this is the real deal. Carl I’m not concerned about them needing the money.”
The conversation also saw Cramer comment on a note from JPMorgan’s trading desk, which saw co-host Carl Quintanilla ask Cramer his thoughts about a 3% to 5% correction. The note indicated that the bank was “tactically bullish” on stocks but with a “lower conviction”:
“Well it is September and I think that there’s a lot of people, a lot of people on the sidelines. You said something the other day Carl that is so true. That people on the sidelines they’re going to start feeling the heat of their investors. And I think they’ve all been waiting for a big break in September. I think you could have a one or two percent correction. I don’t know whether there could be much more unless the President comes out on Truth Social and says that the Dow’s overvalued. Now I don’t think that he’s going to do that.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on September 12th.
For these stocks, we also mentioned the number of hedge fund investors. 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Corning Incorporated (NYSE:GLW)
Number of Hedge Fund Holders In Q2 2025: 70
Corning Incorporated (NYSE:GLW) was the star of Cramer’s morning show as the CNBC TV host visited the firm’s plant in Harrodsburg, Kentucky. The visit followed Cramer’s remarks yesterday, when he called the firm an example of “American ingenuity.” In this appearance, Cramer discussed a little-talked-about factor for Corning Incorporated (NYSE:GLW) and continued to praise the firm:
“So Carl, what we’re talking about here obviously, there’s great wonderment about this and it has to with the glass from Corning, it has to do with this, this is the side that really matters, it has to do with filming, it has to do with selfies. But, it’s six o’ clock, we’re going to get into what it has to do in terms of the world, in terms of the White House, in terms of the jobs, in terms of tariffs, in terms of, yes, earnings per share, cause you know me, I’m still a dollar sign represented by a man even though I want this phone. And I’ve already placed my order. It’s very, very exciting down here, we’re going to talk to Wendell Weeks, too, CEO of Corning, talk about a hot stock. That one is one that I think could be a rocket ship.
“We’re talking about things that aren’t supposed to be happening. We’re talking about an old plan, Americans, who’re supposed to be not to be able to anything nearly as good as the people in Asia. I’m not being jingoistic here. I am being proud. This is an amazing place, and these two marvelous companies together have created something that I think is very different Carl. From the previous generation phone. I would just drop it because I know it would be fine, but that would be, that’s just theater. I don’t go for theater. This is the real thing, and it’s made right here, this glass.
“But I also want to talk about, to Wendell Weeks, the fact that his stock [inaudible] 52-week high, and the reason is, is because of his partnership with NVIDIA. And what it does to the data center, it is huge in the data center and what it does in the data center. It is huge in the data center and yet nobody talks about it. Drives me crazy.”
“No it’s amazing, I mean look, we’re talking about putting far more people to work, in this storied town, this place always, people forget, this was from the Cold War. We had to have the best glass. We had to have glass that could do remarkable things. And then, it just speaks to generations of a town that has kept producing and producing and producing great things. A lot of that is because that’s the Corning way, as it is up in Corning, if anyone’s ever visited there, you know that it’s a wonder of engineering. David, what it speaks to is, if American management does a great job, instills in a community, the ability to do better than anywhere else, I’ve got to tell you, with or without tariffs, David, with or without tariffs, because we know that somethings are done so well in a level playing field that they’re going to win.”
“[After Faber brought up Corning’s fiber optics business] David, David, I talked about that with Wendell Weeks, the CEO, this. morning. The amazing thing is, and this place is so important for people who are involved with data centers, right now, when you go into a rack, in the data center, you’re going to find so much by Corning. But it could triple, this is what connects the Vera Rubin. What connects the current Blackwell. They are partners with NVIDIA, so they are partners with much more than just glass for iPhones. And we’re going to get into that too. Carl I think this is a remarkable place and I think Corning’s a remarkable stock because it is deep into the data center and yet people would rather own every other thing. The plumbing, the air conditioner. They maybe should own Corning for the data center. We’re gonna talk about that later.”
9. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q2 2025: 156
Naturally, as Cramer discussed Corning in detail during this appearance, the firm’s partnership with Apple Inc. (NASDAQ:AAPL), CEO Tim Cook joining him in the factory, and Apple’s $2.5 billion investment in the firm meant that he discussed the iPhone-maker extensively. Cramer also ran a clip of Cook saying that every iPhone sold in the world would feature glass from Corning’s Harrodsburg factory. As for the CNBC TV host’s thoughts, here they are:
“So Carl, what we’re talking about here obviously, there’s great wonderment about this and it has to with the glass from Corning, it has to do with this, this is the side [of the iPhone] that really matters, it has to do with filming, it has to do with selfies. But, it’s six o’ clock, we’re going to get into what it has to do in terms of the world, in terms of the White House, in terms of the jobs, in terms of tariffs, in terms of, yes, earnings per share, cause you know me, I’m still a dollar sign represented by a man even though I want this phone. And I’ve already placed my order. It’s very, very exciting down here, we’re going to talk to Wendell Weeks, too, CEO of Corning, talk about a hot stock. That one is one that I think could be a rocket ship.
“[on whether input costs would be higher] Well that’s what we’re gonna discuss tonight. We’ve got to nail down how much it costs, how is it economic to do all these things. Wasn’t it more economic to be able to make glass in the other places? We’ve got to figure out as if you are a shareholder. Do you like this? Or how much of it is done for the White House, how much it is done for the community, how much of it is done for the shareholder? Our viewers are shareholders. They wanna know, whether this is what they’re doing if you’re spending 600 billion, is that right? Is that right? And they deserve to know, because they own shares and we’re gonna find out.”
8. Paramount Skydance Corp. (NASDAQ:PSKY)
Number of Hedge Fund Holders In Q2 2025: N/A
Paramount Skydance Corp. (NASDAQ:PSKY) is the new name of the former firm Paramount Global, which traded under the ticker ‘PARA.’ It created quite a bit of hype yesterday after the shares shot up in response to a Wall Street Journal report that indicated it could acquire Warner Bros. Discovery. While all Cramer wanted to do was to discuss Apple during the show, co-host David Faber successfully managed to bring his attention to the crucial news. Here is what Cramer said:
“Okay so David I’m looking at WarnerMedia Holdings, I’m looking at all these different pieces of debt, they’re all horrendous. If I had Amazon, I would say, well you know what, we could really do a killing, or Apple. We’ve got the best balance sheet in the world, we just pay off that debt, we immediately become the number one entertainment company. We don’t know how to do entertainment, we’re using TimeWarner for a lot of the things anyway. David, can’t these companies pay much, much more and just decide you know what, we want this and we love Ellison, he’s a terrific guy, but he can’t be in our league.
“[On whether you spin off cable networks] No David, but Apple thinks long term. Amazon thinks long-term.
“David does it matter that right now they’re number one in everything. Number one in everything right now. We know that. That’s why you can steal it. You can steal it.
“Well, I’ve got to tell you Carl, how many, a couple of weeks ago we thought all of these were worthless. Then we have EchoStar, we have this, I mean WarnerBrothers. Discovery is one of the greatest shorts of all time. Right. I mean you just short it forever until the cows come home. Bad balance sheet. Who knows what’s going to happen with TV. And then suddenly, maybe it’s worth 25, Carl.
“Look David, I think, answer this for me. Can a family company, can a family company move faster than a Amazon, move faster than a Apple, move faster than Netflix?
“[On whether Ellison is getting sentimental] No he’s not as sentimental a fellow. No I don’t want anyone to even think that for a second. No. I mean he’s nicer than Alex Karp!”
7. Warner Bros. Discovery, Inc. (NASDAQ:WBD)
Number of Hedge Fund Holders In Q2 2025: 60
Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s shares have gained a stunning 50% since Thursday following a Wall Street Journal report claiming that the firm would be acquired by Paramount Skydance. Cramer discussed Warner Media Holdings, the firm’s subsidiary’s debt, the benefits to Paramount, and Oracle billionaire Larry Ellison’s involvement in the affair. He also commented on reports of someone buying 100,000 call options to make money
“Okay so David I’m looking at WarnerMedia Holdings, I’m looking at all these different pieces of debt, they’re all horrendous. If I had Amazon, I would say, well you know what, we could really do a killing, or Apple. We’ve got the best balance sheet in the world, we just pay off that debt, we immediately become the number one entertainment company. We don’t know how to do entertainment, we’re using TimeWarner for a lot of the things anyway. David, can’t these companies pay much, much more and just decide you know what, we want this and we love Ellison, he’s a terrific guy, but he can’t be in our league.
“[On whether you spin off cable networks] No David, but Apple thinks long term. Amazon thinks long term.
“David does it matter that right now they’re number one in everything. Number one in everything right now. We know that. That’s why you can steal it. You can steal it.
“Well, I’ve got to tell you Carl, how many, a couple of weeks ago we thought all of these were worthless. Then we have EchoStar, we have this, I mean WarnerBrothers Discovery is one of the greatest shorts of all time. Right. I mean you just short it forever until the cows come home. Bad balance sheet. Who knows what’s going to happen with TV. And then suddenly, maybe it’s worth 25, Carl.
“Look David, I think, answer this for me. Can a family company, can a family company move faster than a Amazon, move faster than a Apple, move faster than Netflix?
“[On whether Ellison is getting sentimental] No he’s not as sentimental a fellow. No I don’t want anyone to even think that for a second. No. I mean he’s nicer than Alex Karp!
“[On Faber sharing he reported that somebody bought 100,000 Warner Brother calls, 100,000 contracts yesterday and how that maybe one reason there was a feeling they might be able to get a bid out there on the Paramount side and how they could be in big trouble] Yeah, they’ll probably go to jail, spend some time thinking maybe about zero options in jail, maybe trade more of the SPX then they do individual stocks.”
6. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders In Q2 2025: 94
Micron Technology, Inc. (NASDAQ:MU) was the special feature of Cramer’s appearance, as he was able to allocate time to it despite being busy covering Corning and Apple at the firm’s facility in Harrodsburg, Kentucky. Here is what he said about the memory chip manufacturer:
“David, one of the things that I think is amazing, is when you think of semiconductor stocks, and what is powering higher, you think of NVIDIA. Well wait a second, well maybe you should be thinking about Micron. Cause Micron stock was at 64, in April, David, it’s crashing into the 160 level. Why is this? High bandwith memory. Now Sanjay Mehrotra, the CEO, who is the least promotional of the CEOs that I deal with, would tell you, wait a second. That’s only part of our business for largely DRAM. But this is all about data center, every time we discover new stock that is the data center, that’s big, we didn’t know. By the way, Corning is huge in the data center. And I haven’t heard a soul who talks about it, but we will talk about it tonight.
“Micron has at times, there have been periods where it was number one in the S&P and the literally the next year, number 500 in the S&P. Anybody who remembers the great 93 crash, Micron says, you know what we got. . .it has these moves, that are just extraordinary, and they don’t stop here. I always kid Sanjay, I say Sanjay, once this thing goes, it goes much further than you think. He has always tried to restrain me, but he can’t this time David, he can’t stop me.”
5. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holders In Q2 2025: 73
Cramer has started to frequently discuss The Goldman Sachs Group, Inc. (NYSE:GS) these days after its recent share price movement, which saw the stock close the week 5.4% higher. In his previous comments, he has maintained that the shares are trading at a low multiple. This time, Cramer discussed his opinion in detail:
“It’s become one of the largest position in my trust simply because it’s going up a lot. Although I would say that David Solomon, when he came on, David Solomon was not that bullish. Okay. David Solomon was saying, yeah we’ll see, it’s okay, and then he talks about the worries. You got the bond market, you got Trump. No! Money!”
“[On how Goldman executive committee meetings regularly ponder over what they’re missing] Well look that’s being responsible and you certainly want to do that. But I also remember when I would have said that Goldman would have a super premium to the average stock. And Goldman, frankly, I mean I’ve got a lot of stocks that are, let’s just say boring transportation stocks that have much higher multiple than Goldman Sachs. David, if we care about price-to-earnings multiples the financials [inaudible] well behind, as they have been ever since 2009.”
4. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders In Q2 2025: 294
Microsoft Corporation (NASDAQ:MSFT)’s cloud computing business is a key focus point for Jim Cramer. In his previous comments, the CNBC TV host has compared the cloud business, called Azure, with Amazon’s Amazon Web Services. This time, he discussed the relationship between Microsoft Corporation (NASDAQ:MSFT) and AI giant OpenAI and combined it with Azure to raise a critical point about Microsoft Corporation (NASDAQ:MSFT)’s hypothesis:
“[After Faber commented that MSFT is moving in a different direction to OpenAI and having a partnership with OpenAI] You’re so right. Look, the Microsoft piece of the puzzle, I think is, that if you go back to the last quarter, Amy Hood was talking about explosive numbers [inaudible] for Azure. And one of the things that people heard was, wait a second, maybe Azure, Microsoft’s equivalent of Amazon Web Services, is really coming on strong. David, what I hear from you, if you split these two companies up, maybe Azure’s not growing as fast. Maybe Amazon Web Services is not that far behind. I don’t know that!
“[When asked whether his comments were because the growth is largely as a result of OpenAI] The last big delta in growth might have been OpenAI. It was such a huge move. I want to see the breakdown of how much was OpenAI. Everyone wants to know how much OpenAI is really doing. I want to know how much of Azure was dependent upon OpenAI. And maybe that goes away. Maybe that goes away. We own Microsoft for my charitable trust. I don’t want that. But Amazon Web Services has been feeling the heat.”
3. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders In Q2 2025: 104
Adobe Inc. (NASDAQ:ADBE)’s shares closed flat on Friday. The firm released an ever-important earnings report on Thursday. The results saw Adobe Inc. (NASDAQ:ADBE) beat analyst EPS and revenue estimates of $5.91 billion and $5.1, by posting $5.99 billion and $5.31 respectively. Cramer discussed the stock being down after being up in pre-market trading:
“Okay so people bought it up, 20, and then up 20, but they didn’t realize it was in the conference call, is so much of what they did in those record numbers was raising price. It’s not getting new customers. Now they do have some new customers, obviously. But when you raise price in order to be able to make it in the software-as-a-service business, people are seeing through that and they’re saying you know what, no matter how much AI they have, and they have a lot more than five billion AI, it’s not enough. . . .[these] . . . keep coming up as being able to be cannibalized by themselves because of what you can do with AI. I happen to think Adobe had a good quarter, but I recognize, if you’re just caught talking about price increases, that’s what happens.”
2. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders In Q2 2025: 121
Cramer has frequently discussed Salesforce, Inc. (NYSE:CRM) this week, and most of his comments have been wistful. The firm’s shares have lost 26.6% year-to-date, and Cramer has previously commented that some of Salesforce, Inc. (NYSE:CRM)’s woes are due to it being perceived as being disrupted by AI. This time, he discussed the firm in the context of Adobe’s earnings and commented on the business and consumption models. For reference, software-as-a-service stocks, such as Salesforce, Inc. (NYSE:CRM), have traditionally operated on a seat-based model, which sees them sell a set number of ‘seats’ or ‘licenses’ to customers. On the other hand, a consumption model refers to payment-by-usage. Here is what Cramer said about Salesforce, Inc. (NYSE:CRM):
“David, you know what this is like, you know it’s like Salesforce. Those are the two that keep coming up as being able to be cannibalized by themselves because of what you can do with AI.
[CRM]”Seat shrinkage is the story. That’s the operative term you’re going to be hearing, going forward. The number of seats are shrinking. Now the new plans that Salesforce has, as a consumption model, in other words, it’s not about losing seats. But, the old Salesforce, seats could go down. Because you could develop product, you can develop with AI a lot of tools that make it so that you can do this stuff yourself. I think these are two fantastic companies. But you know what, that just doesn’t matter, David.”
1. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q2 2025: 115
Cramer’s co-host David Faber managed to squeeze in Tesla, Inc. (NASDAQ:TSLA) at the show’s end. Faber was surprised by the shares rising by 4% as the show ended without any discernible news. Co-host Carl Quintanilla joined and pointed out that Tesla, Inc. (NASDAQ:TSLA)’s shares had gained 15% over the month. In response, Cramer reasserted his view that instead of being a car company, Tesla, Inc. (NASDAQ:TSLA) is a technology company, instead. He has echoed this view multiple times this year and added that the firm’s CEO, Elon Musk, might be the only one capable of scaling robot production. This time, he again asserted that Tesla, Inc. (NASDAQ:TSLA) is a technology company and quipped that perhaps the mysterious share price rise might kick off investigations about an options purchase:
“[On shares being up 4% without any discernible news] Well, people are recognizing it for it really is. It’s autonomous driving, and it is robots. I’m looking for the next 100,000 option buy. David, that’s just a great call when you see that right?”
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