In this piece, we will look at the stocks Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the idea of trillionaires in America. The conversation started after co-host David Faber discussed the rise in Oracle’s shares and the corresponding increase in the net worth of the firm’s founder, Larry Ellison. Cramer commented that “when we get to a trillion dollars there will be people who say, maybe we should distribute that money. Some candidate’s going to say, what Bernie Sanders from Vermont. . .”
The CNBC TV host then wondered what President Trump would think about trillionaires. Since the President frequently discusses American exceptionalism, Cramer’s comments seemingly implied that Trump might be open to having American trillionaires. “What if the President thinks it’s great?” wondered Cramer. “Like we should have more trillionaires. Let’s create more trillionaires,” he added.
However, Cramer also brought up guaranteed income after co-host Carl Quintanilla asked him point-blank whether he thought America should have more trillionaires:
“No I think we should be like Senator Moynihan. . .he was one my professors, which just says we should have a guaranteed income and it should go up. . .I thought that Moynihan was a genius.”
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 10th.
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. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders In Q2 2025: 124
Oracle Corporation (NYSE:ORCL) was the talk of the town last week after its shares closed 36% higher on Wednesday. The jump came after the firm’s earnings report, and Cramer discussed CEO Safra Catz’s comments during the earnings call:
“[On Catz saying OCI would grow 77% to $18 billion this fiscal year and increase to $32 billion, $73 billion, $140 billion, and $144 billion over the following four years with most of these figures baked into the firm’s $455 billion remaining performance obligation figure] This is a masterful conference call from a very large cap stock. And I have not seen a move overnight in particular. We did have that main move, with NVIDIA, a couple of years ago, with NVIDIA, but this is not like that. David, this is one where I’m on the conference call and I’m saying, no, no, not true, can’t be, can’t be. Then look, the most you can say is look it’s entirely possible that some of it is one large customer that we know right.
“And how about the fact that it comes, with . . .where I think that there were a lot of shorts pressing Oracle because the last quarter was just only okay. But more importantly, there were a lot of people who were saying, hey listen, the data center, that’s over. Let’s move on. Mag 7 over, the Elite 8, over. This was a, and then no, completely wrong. Completely wrong. And I think this caught a lot of people looking a long way.
“Well I’m just saying that I think that some of the companies are questioning how big this really is. The RPO. Remaining performance obligations.
“[On free cash flow being negative which made David wonder about the margins] I think they’re near zero.”
“But Safra Catz has always been money, I’ve liked her for you know, the day I met her. I would never doubt her. They did have two quarters that didn’t work. But she said stick with it. Came on the show, dead right. Thank you Safra Catz, for making a lot of people millionaires.
“Now we’re going to be speaking to Vlad Tenev, later today. Of Robinhood. Have you ever seen overnight buying like this moving a large cap stock? It’s a new world!”
9. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders In Q2 2025: 156
Like Oracle, Broadcom Inc. (NASDAQ:AVGO)’s shares have also been on the AI investor radar in September. The stock is up by 15.6% over the past month, with media reports attributing the rise to the firm’s latest earnings report and a new $10 billion dollar custom AI chip contract. This contract is reportedly from OpenAI. Cramer has previously discussed whether Broadcom Inc. (NASDAQ:AVGO) and OpenAI might be working together. He pointed out the close relationship between NVIDIA and OpennAI, and when it comes to Broadcom Inc. (NASDAQ:AVGO)’s custom AI chips, the CNBC TV host has referred to trade articles mentioning that NVIDIA’s products are better. This time, he shared that after Oracle’s earnings report, he would have thought that Broadcom Inc. (NASDAQ:AVGO)’s shares would have gained as well:
“I would have thought that Broadcom which is in the mix would be up more.”
Here are Cramer’s previous comments about Broadcom Inc. (NASDAQ:AVGO) made on September 8th:
“Okay, let me tell you something, Broadcom is the biggest position for my Charitable Trust. Oh, we love it for the club. It’s a fantastic story of private-label chips.”
8. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders In Q2 2025: 156
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the most important companies in the world due to its dominance in the semiconductor fabrication industry. Apart from Samsung, it is the only company in the world capable of manufacturing advanced chips based on the 2-nanometer technology consistently and with high yields for external customer use. As a result, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) enjoys the confidence of Apple, NVIDIA, AMD, and other technology giants. In this episode, Cramer remarked that he believed the shares should have jumped higher after Oracle’s latest quarterly earnings report:
“Taiwan Semi which is in the mix would be up more.
“Those guys are fantastic. It’s a national treasure. . .”
Cramer had previously discussed Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on September 2nd and commented on its financials:
“TSM’s balance sheet is better than the US government’s. What a balance sheet. They don’t need it. Look if the government’s gonna, if there’s a Chinese problem where they are about to like shell Taiwan, they’re gonna need government help. Taiwan Semi did not need the money.”
7. Klarna Group plc (NYSE:KLAR)
Number of Hedge Fund Holders In Q2 2025: N/A
The day this show aired, Klarna Group plc (NYSE:KLAR), a payments technology company, was set to IPO on the New York Stock Exchange. Cramer discussed how the market environment for listings reminded him of the “old days.” He also discussed Klarna Group plc (NYSE:KLAR)’s software system that predicts defaults:
“Now Carl, it’s funny, we, not funny, it is ironic, we’re talking about 30 year like David said, we have a big deal, Klarna today. This feels like the old days. Someone made a huge amount of money. Someone had double zero on Oracle. Someone’s gonna hit zero on Klarna, being good by the way, because that’s what [inaudible] for, black and red at the casino, but I jut think today feels like we should be front and center in the country’s discussion. That’s how much money’s being made. And yet we become, you know, we were moved to the side show for a long time. Because the equity market kind of went as a place that people didn’t put money.
“They seemed to have wanted it higher, right. They didn’t, the underwriters wanted it lower. . .
“At the same, they seem to be remarkable in the number of defaults, whatever system they have is very predictive. Much better than banks.”
6. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q2 2025: 335
Cramer frequently discusses Amazon.com, Inc. (NASDAQ:AMZN) in his morning show. Most of his comments for the firm surrounding its cloud computing and eCommerce businesses. The past few months have been interesting when it comes to the CNBC TV host’s thoughts about Amazon.com, Inc. (NASDAQ:AMZN). They have been interested because after the firm’s second-quarter earnings, Cramer opined that its cloud business was underperforming due to a reliance on in-house chips. Then, he changed his mind and discussed a Morgan Stanley piece about the chips. This time, he discussed the bank again and commented on a media report:
“Did you see that Amazon was added to the vintage list of Morgan Stanley? Vintage. What’s that like the Caymus Fournier?
“[On a report that Amazon is developing two pieces of eyewear to rival Meta, one for consumers and one for drivers] Well that’s, remember Zuckerberg said that’s going to be the principle way to do AI. I am still befuddled. I happen to love it. But we all have the sunglasses, David if we go, let’s say if I went to the Squawk party tonight, I was wearing sunglasses, I think you’d say, is that, your eyes okay?”
Jim Cramer’s comments about Amazon.com, Inc. (NASDAQ:AMZN) on August 29th are quite important for the debate surrounding its AI chips:
“Take a look at the Morgan Stanley piece today. The most significant piece of research I’ve read in a long time. By Brian Nowak. Who was the skeptic, on the conference call. That perhaps, there’s, this is, Andy Jassy, of Amazon, perhaps he’s underspending. Okay. Now Andy then just gave a very long soliloquy, there was a very thoughtful, but we we weren’t looking for thoughtful. We were looking for come out and [inaudible].
“What he’s saying is that Amazon is now going to accelerate spending. Amazon’s view, is price-performance is what matters which is why they use their own Trainium. Not performance, but price-performance, because Andy likes to make money, and you know, he makes a lot more money than everybody else. But everyone thought that Microsoft, which maybe aided by OpenAI, accelerated their spend and therefore accelerated their business. This piece, says basically, that was the narrative, I’m going back and saying it’s not, Amazon’s spending more than they have to, 2026 they’re going to get to reaccelerate the growth. 17 and a half percent growth, to 20% growth, AWS.
“The growth fears had to do, and I helped propound this, which was I think, in retrospect, ill-advised by me. That, Amazon was underspending with NVIDIA.”
5. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holders In Q2 2025: 81
After discussing tech stocks for a while, Cramer shifted tack and turned his attention to NIKE, Inc. (NYSE:NKE). These comments are important since the CNBC TV host has previously been cautious about the firm. NIKE, Inc. (NYSE:NKE)’s shares are down 0.9% year-to-date, and Cramer believes it’s time to buy:
“I’m going to make a bold call here. I have not really cared for the stock of Nike for a very long time. That’s over. I think. . .it’s time to buy Nike. Cowen agrees with me. The key thing with Nike has been the inventories. Are they low enough? I think you have to anticipate now the bottom. I think the Foot Locker deal is good, with DICK’S. . . .David, there’s a man and his name is Elliott Hill. And Elliott Hill understands the tradition. He came back after being retired. He didn’t have to do this. He understands the tradition of Nike. He understands. . .everything about Nike. And I’ve got to tell you, enough with the Shoe Dog. Everyone’s read Shoe Dog, Shoe Dog.
“But David, he’s real. He’s bringing back the magic. There is magic there, maybe China turns last. He is just a sensational guy. I mean bring tears to your eyes how much he remembers, the real, the Jordan’s, how to do things.
“[after Faber commented that this is a turn for Cramer when it came to Nike] Yeah, I’ve been very negative for years. For years. I’ve been negative. And I am telling you right now, I mean I’m trying to figure out how much do I want this for my charitable trust? I think Elliott, oh no, Elliott is so for real, I’ll tell you, it brings tears to your eyes how great he his. It’s like the old days.
“[on whether he would start crying about Nike] Yes I would be that emotional. Yes I would be that emotional, absolutely.”
4. Wells Fargo & Company (NYSE:WFC)
Number of Hedge Fund Holders In Q2 2025: 75
Cramer has started to frequently comment on Wells Fargo & Company (NYSE:WFC) lately. He has praised the firm’s decision to buy back shares and indicated that it can benefit from the Federal Reserve removing its asset cap penalties that were imposed in 2018. Here are Cramer’s latest thoughts about Wells Fargo & Company (NYSE:WFC) and CEO Charlie Scharf:
“[After Quintanilla pointed out that CEO Charlie Scharf painted a benign picture for consumers] I think that people should recognize that his buyback, which the way he really [inaudible], he stepped it up rather dramatically. And also he has that asset cap taken off. Charlie, remarkable bank, the stock up 15% for the year, we have a big position for the charitable trust. I think it goes much higher, Charlie has got that bank moving and the multiple’s too low.
“Well I think Charlie’s remarkable. He’s done so much good in the banking group. He’s turned around Wells, where a lot of people felt Wells would never come back.”
“Well I mean look, it’s never going to return to where it was, right, because that was when Warren Buffett loved it, so it had such at a halo and he’s completely out. . .but you know it’s at 13, I think it should go to 15, okay. Which would move it very nicely.”
3. DICK’S Sporting Goods, Inc. (NYSE:DKS)
Number of Hedge Fund Holders In Q2 2025: 55
DICK’S Sporting Goods, Inc. (NYSE:DKS)’s shares have lost 2.4% year-to-date. The firm has had a busy year as it is acquiring Foot Locker to expand its presence in the retail industry. Cramer’s previous comments about DICK’S Sporting Goods, Inc. (NYSE:DKS) lamented not recommending buying the shares when the deal was announced. He also believes that Nike will play a key role in the deal due to Foot Locker’s partnership with the firm. Cramer has used DICK’S Sporting Goods, Inc. (NYSE:DKS) as an example of how investor sentiment can fluctuate following a deal’s announcement. Given how he frequently discusses the firm as part of his comments about Nike, it was unsurprising that Cramer mentioned DICK’S Sporting Goods, Inc. (NYSE:DKS) as brought up the shoe company:
“]I’m going to make a bold call here. I have not really cared for the stock of Nike for a very long time. That’s over. . . .I think the Foot Locker deal is good, with DICK’S. They’ve got a lot of, you know DICK’S is going to be good.”
In his morning appearance on September 9th, Cramer discussed how sentiment surrounding DICK’S Sporting Goods, Inc. (NYSE:DKS)’s Foot Locker deal has evolved:
“When DICK’S decided to buy Foot Locker it was wildly perceived to be one of the dumbest things ever. The stock broke down. People saying what do they know. How can that stack, how can Lauren Hobart do that. Mary Dillon really pulled the wool over. Well now, people are saying that you know what, they have the critical mass to be able to, have some buying power. Like maybe they can even go to Nike and say look, this is what we want. Now, I think that Nike’s more of a partner with DICK’S sports, but Citi says it’s going to go to 280 and it’s a reminder that when you see a takeover. . don’t immediately presume that the buyer’s an idiot.”
2. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders In Q2 2025: 124
In his recent comments about JPMorgan Chase & Co. (NYSE:JPM), Cramer has discussed the firm’s valuation, heft, and role in financial markets. After their recent performance, which has seen the S&P’s bank stock index’s gain of 3.40% over the month outpace the broader index’s 1.79% in gains, Cramer has still maintained that the stocks are not trading at the multiples he would like them to. Two stocks that have factored into the discussion are JPMorgan Chase & Co. (NYSE:JPM) and Goldman Sachs. Cramer believes that for the former, a 15 times multiple is not where he would like the shares to trade at. This time, he discussed JPMorgan Chase & Co. (NYSE:JPM)’s culture and its CEO, Jamie Dimon:
“Well look, when I got out of school you didn’t apply to JPMorgan and that would be just terrific to. . .my friends who’ve work there just absolutely love it. People just, the culture is so fantastic there. And David you know, you saw Jamie Dimon talk to Leslie Picker, he’s different. He’s just different.
“The reach, the reach of JPMorgan is extraordinary.”
In his morning appearance on July 29th, Cramer shared the response he received after he mentioned that JPMorgan Chase & Co. (NYSE:JPM) could enter the stablecoin sector:
“I mean I said that maybe there’s a possibility that JPMorgan. . could do a stablecoin. And you know you get the usual emails which is like you don’t know what you’re talking about, it’s going to be much bigger.”
1. American Express Company (NYSE:AXP)
Number of Hedge Fund Holders In Q2 2025: 70
American Express Company (NYSE:AXP) is one of the largest payments management firms in the world. Cramer has frequently discussed the company in 2025. During several appearances, he has used American Express Company (NYSE:AXP)’s data as a gauge for US consumer spending. The CNBC TV host has also remarked that the firm’s card offerings are quite popular with younger users. He believes that by targeting these users, American Express Company (NYSE:AXP) has successfully managed to position its business for long-term tailwinds. Cramer also advised viewers in his September 2nd morning appearance to buy American Express Company (NYSE:AXP)’s shares the next day. Since September 3rd, the stock has remained flat but did experience two peaks. Here are his recent thoughts about the firm:
“[On comments of spending patterns holding] Yes, I thought that was very important. That stock has been a rocket ship. People keep fighting it. That’s a big mistake. Steve Squeri joining us tomorrow, I had someone call the other day and complain about the stock. And I said it’s at an all time high, it’s been moving and you’re unhappy. I mean, people are getting greedy!”
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