10 Stocks On Jim Cramer’s Mind As He Gives Up On Becoming Fed Chair

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1. GameStop Corp. (NYSE:GME)

Number of Hedge Fund Holders In Q1 2025: 26

GameStop Corp. (NYSE:GME), the original meme stock, saw its shares gain 3.8% during the recent meme stock mania that sent some stocks soaring by as much as 97%. Year-to-date, the stock has lost 23% primarily on the back of a massive 26.6% drop in June. GameStop Corp. (NYSE:GME)’s shares fell as the firm announced plans for a major convertible notes offering. Cramer’s previous comments about the firm have remarked that it is now completely a cryptocurrency company, which, despite being better than a brick-and-mortar video game retailer operating in a digital-led market, isn’t that big of an achievement. This time, he commented on GameStop Corp. (NYSE:GME)’s balance sheet:

“GameStop, was able to offer stock and clean up the balance sheet which was never that [inaudible]”

Previously, the CNBC TV host commented on GameStop Corp. (NYSE:GME)’s business model:

“After the close, we hear from GameStop, which has now gone all crypto. While that’s a lot better than being just a gaming retailer in secular decline, that’s not saying much. So you’ll see the gaming stuff, and then you’ll see the crypto stuff, and the crypto stuff is what’s going to drive this stock higher, probably. Now, we got a very popular IPO this week. It’s called Circle Internet Group, which is a crypto platform that buyers went crazy for, so crazy that it’s gotten people buzzing about crypto outfits coming public that might otherwise not have bothered. And maybe that’s what GameStop can tap into. Look, I’m not a buyer of this. I’m just pointing out the storyline.”

While we acknowledge the potential of GME to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GME and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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