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 overall dim sentiment at the market’s open and wondered whether it was related to the data analytics firm, Palantir. Cramer postulated that those selling the stocks could come back soon since he didn’t witness an “inherent overvaluation” in the market:
“I didn’t Uber was that bad. . .I think that we overall came in this morning, and everyone, it’s almost like people decided, okay if Palantir’s being [inaudible], let’s challenge everything. Palantir’s been the big winner, it’s been the bellwether. I know you say he’s in my mind, but it has been the big winner of this period. Look I find that we’re going to look back and say, alright so the PEs were really high and the stocks are coming in and give it a couple of days, then the buyers come back. Because it is seasonally a great time. I don’t see the inherent overvaluation that people keep talking about because there’s a lot of companies that are selling at a very low multiples and there’s a couple that are selling at very high multiples.”
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 November 4th.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders In Q2 2025: 78
Palantir Technologies Inc. (NASDAQ:PLTR)’s third-quarter earnings saw the firm’s $0.21 in EPS and $1.18 billion in revenue beat analyst estimates of $0.17 and $1.09 billion. However, despite the solid set of results, the shares fell after the earnings report. Cramer spent quite a bit discussing Palantir Technologies Inc. (NASDAQ:PLTR) and shared that the pain point in the stock was whether its valuation matched its “incredible” and “profitable” growth:
“[On earnings and CEO short seller comments] Well look, it’s funny cause you read through the conference call and says well people come on CNBC and they say, they make fun of us. I mean, I’m on CNBC quite a bit and I’ve been liking the stock very much since 50. I thought it was an excellent quarter, I continue to think that they are doing things that other people are not doing and they are very special. I will say sometimes I like the Rule of 40 analysis. Look, the growth here is incredible and its profitable growth, and I really like that. I think the difficulty is you just say okay listen is it worth a half a trillion? And that’s the big issue. You take a look at the market cap, versus what you look at in terms of, then you look at price to sales for 2027, highest in the S&P and you say it’s really expensive. But then you say, this is an incredibly profitable, really well run company that is doing great things. That I think, and by the way, I have to tell you, their military stuff, Shyam Sankar, who’s probably I think the most, maybe the foremost thinker these days in the military, works at Palantir. And he’s excellent.
“Okay, so I just say, let them sell it. I’m not as concerned about the short sellers. Let people sell it. But it’s going to settle in, and they are doing amazing things. The companies that I dealt with when I was so concerned about them, that hire them, I haven’t found a company that hires them that doesn’t think they haven’t added tremendous value to them. So David, I’m stuck with like, yes market cap, I’m stuck with how to value on 2027 sales. But I am not stuck with this. They are a great company that does great things, both commercial and military. And I salute them, but saluting them doesn’t make money.
“[On why Karp would comment and care about short sellers] Well I don’t think he doesn’t need to. There are things said about him and the company that are, I would say, that he takes the overvalued complaint personally. And I think instead, it’s one of these things where you have to be a little like Henry Ford, which is say never complain, never explain. That that has a little more gravitas at this point. But they’ve been at it for 20 years, and there have been people who have attacked them the whole way.
“I do not speak to hedge funds, okay, I just don’t. Anyone who’s seen my phone logs would be able to tell you that. There have been so many hedge funds that have reached out to me to say listen, you’ve got to change your view on Palantir, this is a screaming short. And the usual you don’t know what you’re talking about, which I reserved for my father being able to say. My father passed many years ago, you don’t tell me I don’t know what I’m talking about, I’ve studied this Palantir a lot. The fact is that it’s an expensive stock but it may be the best run company in the world. So you have to struggle.
“Am I trying to develop a relationship with Alex? I have a relationship with my wife, with you guys, I kind of have a lot of relationships. . .But I happen to think the guys who do the defense here, are my idols for what they’re trying to do. Because they are trying to make it so that we are more lethal with fewer deaths. And that is what my father, who was a sergeant in the army for a long said, if we only had guys who felt like that.
“Look, what would I wanted to see if I were a long hoping the thing to go up, I would love to see that they just got a gigantic contract that we don’t know about. And they announce it. But it’s entirely possible that they couldn’t announce it. I guess what I am saying is, I am not backing away from my thinking that this is a great company. And there’s room for it. . . .this is the right one for the longs.
“He [Karp] does say something very important about the individual investor. And this is what I’m fixated on for my book, which is that, if you can find companies, that you like, with a fiery messianic CEO, I’m okay with that. . .I wish they had spent a little more time talking about, instead of saying listen, we are the warfighter company, which they are, here’s how we are doing things with warfighters that are different. But they could say, look Jim, that’s not our job, we don’t have to say that. But, if you’re gonna take that cause on, you can mention it. Remember, I am not criticizing Alex Karp, I would just augment it. I’m not. I can’t criticize the he has created a huge amount of wealth and I am in favor of that wealth creation. I am.”
9. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
AI chip giant NVIDIA Corporation (NASDAQ:NVDA) factored into the discussion as Cramer discussed Palantir and Michael Burry’s short position in the data analytics company and the chip designer. Burry’s fund has bought more than a billion dollars of put options in the two companies’ shares, with $187 million belonging to NVIDIA Corporation (NASDAQ:NVDA). Cramer defended NVIDIA Corporation (NASDAQ:NVDA) against Burry and commented that the firm is the “best” technology company that’s crossed his radar:
“Look I, it’s interesting this fellow, Burry whom I don’t know, I mean he’s shorting NVIDIA too. Now that’s another one who I’ve looked at. 5 trillion dollar company. Well is it worth 5 trillion? It’s the best tech company I have ever seen. And I don’t know how to value it, other than to say when I look at the past, I see it selling at 28 times earnings when it looked like it was selling at 80 times earnings.
“[On a WSJ report saying how his lobbying for the China sales ran into a brick wall when it came to the Secretary of State and some others] I just think that there was this unfortunate dichotomy between the best or the worst. There are plenty of chips that I think that would have made it so the Chinese were on the hook to us. But I know it became globalist versus non globalist. Jensen is really perceived as being the ultimate globalist in Washington. I think his view was, if you let them write on our stuff, the software, we’ll be more powerful and they were never going to use us for defense anyway. I think both sides had decent arguments. I came down, look I came down with Jensen cause I thought he was more persuasive. The other guys I just think are just saying, listen, they’re not going to get it, so we’ll just, we’ll keep it from them.”
“I know that when you speak with the Peter Navarro contingent, Peter’s been rather quiet, in the White House. He would say that listen, that he’s the foremost globalist of our time. And I would say no, if you listen to him, what he’s saying is, if you want to know what the Chinese are up to, have them write on our hardware. And I thought that made sense.”
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