In this piece, we will look at the stocks Jim Cramer discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer discussed General Atlantic’s CEO Bill Ford’s comments that we were not in an AI bubble and instead there appeared to be moments of misallocation and overvaluation:
“Yeah I spoke to Bill yesterday, and Bill’s an old friend for many, many years. And I think he’s very common sensical, he thinks it’s going to be very good. At times we’re going to get too exuberant. I think that we’re at one of those moments. . .I was telling him that I think that the year of magical investing had ended and he thought that that was an appropriate term. . .just in time. . .I said look I think that your call of exuberant [inaudible] is terrific. What you’re saying is it’s not over. It’s just that there are times when people get too excited. It’s not 2000. Because it was over and people kept saying. .because they didn’t have any money.”
Cramer added:
“He was not as critical as I was of some of the companies that are spending too much. I was more critical for instance of OpenAI. . .but obviously when you have something like a business-to-business Anthropic business, that’s where you might be. Business-to-consumer OpenAI is very, very hard. And that’s one of the reasons why I worry about OpenAI. It’s business-to-consumer Business-to-business like Anthropic is just consistent level.”
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 14th.
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. Bitdeer Technologies Group (NASDAQ:BTDR)
Number of Hedge Fund Holders In Q2 2025: 12
Bitdeer Technologies Group (NASDAQ:BTDR) is a Bitcoin mining and AI cloud firm. Cramer discussed the firm as an example of those whose financing reminded him of activity in the year 2000:
“I see a lot of things after we get through this period. But we have to get through this period. And we have to get through. . .last night, I don’t mean to pick on anybody on particular, but I spent a lot, I was critical of OpenAI, but Bitdeer, a Massillon, Ohio plant that they had a fire, two days ago, and lost a couple of the, 24 of the 26, whatever, they did this financing and it was one of these financings that was so, 2000-like. It was painful. You know the convert, and the stock you issue, and you have to place another convert. And I’m looking at the stock, and what is this company? Well the stock was at 27 dollars and 80 cents, October 15th. Now it’s at 11. What does it do? Well it’s another Bitcoin miner slash AI company and there’s just dozens of these and these all look the same. I cannot believe how much they look the same. I actually did a run of the companies that say Bitcoin, you gotta lot of animals, you got the rhino Bitcoin, the deer Bitcoin, the bear Bitcoin. And then I thought one of the better ones was BitFuFu, BitFuFu.”
9. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders In Q2 2025: 124
Oracle Corporation (NYSE:ORCL) is one of the biggest enterprise resource planning and AI infrastructure providers in the world. It has been a frequent feature of Cramer’s morning show as he has discussed its close relationship with OpenAI. Cramer believes that the money from OpenAI is key to Oracle Corporation (NYSE:ORCL)’s success. In this appearance, discussed a Financial Times piece discussing the firm’s former CEO, Safra Catz, its borrowing for AI, and its relationship to OpenAI. Cramer mentioned the piece and discussed the relationship in broad overtones:
“[On how firm struggled to sell 2.5 billion in bonds] Look the most damaging thing about Oracle, what a fabulous piece today in the Financial Times. I mean, a must read piece. And it talks about, how Safra Katz, Oracle’s sole chief executive from 2019 until she stepped down in September, resisted expanding its cloud business because of the vast expense required.
“Oracle is part of the whole chain, it’s Oracle, it’s all with OpenAI, it starts with Sam Altman. Remember, these are people you are not allowed to criticize. When I say not allowed it means that when you say it, you have to be ready for some blowback. I work for the people who watch us, and they need to know that I think this thing is not nearly as on as terra firma as the other companies. And they have to, I mean if I were, if they owned me 10 billion dollars, I would want that right now. I would say listen I’ll take the 10 billion, and then I’ll build you all the data centers that you want in the Mohave desert where you can’t wait to get them.”
8. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
Cramer discussed AI GPU giant NVIDIA Corporation (NASDAQ:NVDA)’s upcoming earnings and the narrative surrounding the firm. His comments included the firm’s China orders and the firm’s Vera Rubin chips:
“[On upcoming earnings and whether Jensen Huang could say anything to repair the sentiment] It depends on where we are at the time. Because if we’re oversold, I don’t, Jensen’s real. I mean Jensen is, when you’re dealing, when you deal with Lisa Su and Jensen Huang, they are two people who are making money. When you deal with Apple, they’re in a position to make money. I’m not going to go after the people who are making a lot of money. I think that, did I hope that Jensen got China? I don’t know, I think that I’m not ruling China out, but he has. I do think that Jensen Huang has what we want. I think he can tell a great story. If he can get Vera Rubin done seamlessly as opposed to like Grace Blackwell was, I think that there’s, there might be a level where I say hey listen we own it from a very low basis. But it’s interesting.
“Why defend? I mean just wait. You get the lower price and then you can come in. You don’t have to defend. You can just say, you know look, there’s going to be some dislocations and we’re going to pick our best ones.”
7. Applied Materials Inc (NASDAQ:AMAT)
Number of Hedge Fund Holders In Q2 2025: 81
Applied Materials Inc (NASDAQ:AMAT) is a semiconductor manufacturing equipment provider. Along with its peers and memory chip companies, Cramer has been hopeful about the firm’s prospects lately. He believes that Applied Materials Inc (NASDAQ:AMAT) can benefit from the high demand for AI chips due to the corresponding increase in demand for high bandwidth memory. In this appearance, Cramer discussed the firm’s earnings report that saw Applied Materials Inc (NASDAQ:AMAT) warn about slowing sales in China:
“The AMAT was disappointing. And I just, because I know I already took a hit. People are selling Lam down very badly. I think that’s a mistake because Lam also took the hit. Some people are better at explaining a hit than others. They do have high bandwidth memory for Lam, that’s very good. If you want to distinguish these.”
Here are Cramer’s previous comments about Applied Materials Inc (NASDAQ:AMAT):
“Of those, I think the one that is very exciting to me, uh, is AMAT. When you look at say, uh, let’s say you do . . .AMAT. These were companies, no one thought there would be such a huge rush to have most high bandwidth memory. . . And that’s these companies. You need them. So I think that AMAT’s going to be absolutely, I think it could be terrific, even from these levels.”
6. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders In Q2 2025: 29
CoreWeave, Inc. (NASDAQ:CRWV)’s shares are up by 93% since their IPO in March but are down 44% over the past month. The shares have lost value on the back of several factors, including its latest quarterly earnings, which saw CoreWeave, Inc. (NASDAQ:CRWV) miss analyst estimates for its 2025 revenue guidance. Cramer’s previous remarks about the firm have stressed the need to focus on metrics other than OpenAI’s usage figures. The CNBC TV host has also commented that power remains one of the biggest gating factors for growth. Here are his latest thoughts about CoreWeave, Inc. (NASDAQ:CRWV):
“Michael Intrator sat over here, from CoreWeave, a stock that I’ve backed since it came public, and talked about a site, a problem in his, five sites. And that was jarring to me. There’s a timeline of jarring, that it made it so I wouldn’t have said that hey it’s the end of magical investing if it weren’t for the fact that I felt like that I got Red Catted. That’s another one you want to see although they actually had a government shutdown to explain why that stock’s down a lot.”
5. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q2 2025: 219
Jim Cramer has turned increasingly positive on Alphabet Inc. (NASDAQ:GOOGL) as the year nears its end. While early in the year he was wary about the firm’s troubles with the Justice Department, now he believes that YouTube and quantum computing are among the top reasons to buy the shares. In this episode, as he commented that the era of magical investing was over, Cramer added that he would willingly buy Alphabet Inc. (NASDAQ:GOOGL)’s shares:
“This is actually probably a better day at the end, to buy one of these serious company, a serious company. . .where you actually say you know what, that company’s making a lot of money and it can pull back. And I’ll tell you the one that I would do, and it’s killing me, it’s Google, it’s Alphabet, because they are doing incredibly well. They managed to bridge, I use Gemini all the time. . .YouTube is absolutely incredible, it’s incredible. . .And I just think that that’s the one that you want to buy.
“Like let’s say you do think it’s a bottom, you can buy some of that now. They’ve got all the bases covered. The Anthropic is in there, they’ve got Waymo that’s starting to do well. That’s just a really good situation with very serious management. I would step in on that one. I’d dip my toe in that one.”
4. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders In Q2 2025: 105
Cramer spent quite some time discussing Walmart Inc. (NYSE:WMT) after the firm’s announcement that its CEO Doug McMillon would retire and be replaced by John Furner. The CNBC TV host was torn by the announcement, as while he couldn’t comment on Furner’s potential, his faith in Walmart Inc. (NYSE:WMT) left him forlorn about McMilon’s departure:
“[On management changes] Look, candidly I’ll just, like my show is not about friends, it’s about making money. I think this man’s a remarkable man. A great man. And I was very depressed when I immediately sent it to them, say it ain’t so. Cause this guy’s unbelievable. And anyone who regularly goes there has seen over the last five years has seen the radical change, not small change, radical change, in what he’s done both in prices and in fresh to try to keep the American consumer from being hurt. By the way, I’ll give you the classic example, in fashion, I mean people don’t realize, and I’m sure you can sneer at me. . .I interview people, and at the end of the interview, I get this chance, with the mics off, and all my time all that I ever said. . .have you been to the one on 66 in Jersey, hey how about the one in 22? And more than invariably, he would say, oh yeah that’s it, I’m glad that you liked it, tell me which aisle. People have to go to Walmart to know what this man has done. It is exciting. They have these great features where you know that they’re taking a beating just like when Sam ran it. The staffs are great. It’s just a fabulous institution. Now they’re ensuring me that this fellow Furner is good and there’s no reason for me to think that he’s not. But I wanna just say, that this man, Furner, has big shoes to fill. Because there was a considerable period after Sam retired where I felt that place had lost its way. And now I think it’s just, it’s just a great place to go.
“But there’s no doubt about it, these are the two ways that Americans, I used to talk to the previous administration, I said why don’t you celebrate these guys? But they, they were not fond of business people. I said why don’t you just say these are the guys that are holding our prices down? And they looked at me like I just was a capitalist, which I am, because you see, we have a capitalist system.
“The one I’m most troubled about is Walmart. Because I liked McMillon so much, I don’t know Furner. That I don’t want to buy it and yet I don’t because I think McMillon was a change agent. . .I’ll feel great about Furner when I meet him, and I do want to meet him”
3. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holders In Q2 2025: 91
As Cramer discussed Walmart appointing a new CEO, it was unsurprising that Costco Wholesale Corporation (NASDAQ:COST) also factored into the discussion. He frequently discusses the two firms together and comments on their scale and their efforts to bring prices down for ordinary Americans. Cramer’s latest remarks about Costco Wholesale Corporation (NASDAQ:COST) also revolved around this theme:
“[On Walmart-Costco relative strength being jarring] It’s painful, I know. My friends at Costco, Costco a big position in my charitable trust, and Richard Galanti was the [inaudible] CFO. We joke. But there’s no doubt about it, these are the two ways that Americans, I used to talk to the previous administration, I said why don’t you celebrate these guys? But they, they were not fond of business people. I said why don’t you just say these are the guys that are holding our prices down? And they looked at me like I just was a capitalist, which I am, because you see, we have a capitalist system.”
2. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q2 2025: 115
Tesla, Inc. (NASDAQ:TSLA)’s shares opened lower yesterday, and Cramer discussed the stock price movement in the context of broader weakness in the Bitcoin mining sector and other stocks. In his previous remarks, the CNBC TV host has repeatedly asserted that Tesla, Inc. (NASDAQ:TSLA) is an autonomy and robotics company instead of a car company. In this appearance, as the shares opened lower, he outlined that the stock has been traded together as a whole with the mining companies that end up hurting people:
“I know, and with some degree, with the exception of Applied Materials, these have been traded together. Bitcoin’s been traded, there are so many Bitcoin mining companies, that, not unlike the one I mentioned, the deer Bitcoin. . .I got a list of them, and they all traded together. And they’re all hurting people badly.”
Previously, Cramer discussed Musk’s threats of leaving Tesla, Inc. (NASDAQ:TSLA):
“That would be devastating. We don’t really even know that many other people who work at Tesla. I’m sure they’re very good, they’ve assembled a great team. But, it, look I’m not going to say it’s a death sentence, who would want to own that stock. I just don’t wanna own. . .This would be the highest profile decline of a company because of a CEO departure that we’ll ever see.”
1. StubHub Holdings, Inc. (NYSE:STUB)
Number of Hedge Fund Holders In Q2 2025: N/A
StubHub Holdings, Inc. (NYSE:STUB) is an online ticketing marketplace. Its shares closed a whopping 20.9% lower yesterday, with media reports attributing the dip to the firm not providing its fourth-quarter guidance. Cramer discussed StubHub Holdings, Inc. (NYSE:STUB)’s move in detail and in the context of his year of magical investing:
“As part of that former year of magical investing, companies came public and they seemed interesting. But they tended to be a little more risky than we thought. StubHub, CNBC, good article, stock tanks 20%. As CEO says it’s not giving guidance for the current quarter. Now, Warren Buffett didn’t give guidance either. . .this is what happens when you report an okay quarter, you come public and you don’t really have a great story to tell. And then you don’t give guidance right out of the shoot. Now, I am absolutely sure there’s value here at some point. It’s just that, it’s been a bust and when you become a busted IPO, it’s very hard to change the narrative so to speak. You can read what the company says and you think, wow, this is like the greatest story ever told.”
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