In this piece, we will look at the stocks that Jim Cramer discussed.
As AI investing continues to drive market sentiment, it’s unsurprising that the latest trends haven’t escaped Jim Cramer’s radar. One hot topic in the industry right now is Anthropic. Anthropic is widely believed to be leading in the enterprise AI space. Cramer has also reiterated these opinions several times, as he has remarked that not only is the enterprise AI industry witnessing monetizable and stable demand, but added that Anthropic is in a strong position in the industry. More recently, the CNBC TV host has started discussing the impact of AI on enterprise software-as-a-service (SaaS) firms, their public offerings, and the venture capital firms that finance these offerings. In a recent tweet, Cramer shared his latest opinion on the subject:
“The private-credit-will-destroy-us-all rap coupled with the ‘Anthropic will destroy all software’ narrative will be with us until we realize that Anthropic won’t destroy everything and Vista and Thoma Bravo actually survive, Just sayin'”
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 February 18th and tweeted about. We also provided hedge fund sentiment for each stock as of the third quarter of 2025, which was taken from Insider Monkey’s database of 978 hedge funds.
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. DoorDash Inc. (NASDAQ:DASH)
Number of Hedge Fund Holdings: 91
DoorDash Inc. (NASDAQ:DASH) is a commerce company that provides payment processing, customer acquisition, delivery fulfillment, and other services. The shares are down by 11% over the past year and by 19% year-to-date. DoorDash Inc. (NASDAQ:DASH)’s shares experienced turmoil earlier this week following the firm’s fourth-quarter earnings report. The results saw the company post $3.96 billion in revenue and $0.48 in earnings per share. Both of these missed analyst estimates of $3.99 billion and $0.59. However, during the quarter, DoorDash Inc. (NASDAQ:DASH)’s orders also grew by 32% which outpaced the year-ago figure of 19%. Ahead of the earnings, several analysts had discussed the stock. For instance, UBS raised the price target to $245 from $241 and kept a Neutral rating, Guggenheim cut the target to $275 from $280 and kept a Buy rating, while Stifel lowered the target to $224 from 253 and kept a Hold rating. Stifel cautioned that DoorDash Inc. (NASDAQ:DASH) could experience pricing in 2026. Cramer discussed the firm in a tweet as he called it powerful:
“DASH-powerful; Carvana- not as bad as it looks, -W when will it make money? Figma.. oh please”
9. Klarna Group (NYSE:KLAR)
Number of Hedge Fund Holdings: 50
Klarna Group (NYSE:KLAR) is a Swedish technology company that works in the digital banking and payments industries. Its shares are down by 71% since their IPO in September last year and by 54% year-to-date. Earlier this week, Klarna Group (NYSE:KLAR)’s stock dropped by close to 25% after the firm reported its fourth-quarter earnings. The results saw the firm post $1.08 billion in revenue and $0.19 in loss per share. While Klarna Group (NYSE:KLAR)’s revenue beat analyst estimates of $1.07 billion, the loss per share was steeper than the estimates of $0.02. However, the firm’s US business was a strong performer as revenue grew by 58% driven by the firm’s Fair Financing product, which grew sales by a strong 165%. The quarter was also Klarna Group (NYSE:KLAR)’s first one that saw it bring in $1 billion in sales. Ahead of the earnings, Keefe Bruyette lowered the share price target to $45 from $52 and kept an Outperform rating. As for Cramer, the CNBC TV host focused on the EPS as he remarked in a tweet:
“Klarna doesn’t even mention eps in its release. Talk about the old days.. Give me a break.”
8. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holdings: 234
NVIDIA Corporation (NASDAQ:NVDA) is the most valuable company in the world due to its high-end AI chips. The shares are up by 41% over the past year and are flat year to date. Earlier in the week, NVIDIA Corporation (NASDAQ:NVDA) made a key announcement when it announced a deal with social media giant Meta. Through the deal, the firm will provide the social media company with AI GPUs and CPUs. Specifically, NVIDIA Corporation (NASDAQ:NVDA)’s Grace CPUs will make an entry into data centers and be used by Meta through it, and complement other chips that the firm uses, such as Google’s TPUs. Goldman Sachs discussed NVIDIA Corporation (NASDAQ:NVDA) in February as it kept a Buy rating and a $250 share price target on the stock. As for Cramer, he asserted that the cost of owning the company’s chips isn’t as high as is typically believed:
“Yeah, I mean, there are these different benchmark tests, that the analysts tend not to look at and the traders never look at. One that came out the other day, it just showed you that the total cost of ownership, if you buy the advanced chips from NVIDIA, is much less than people think. So in other words, AMD’s chips maybe cheaper, but the whole platform is less cost of ownership. And I think NVIDIA has been such a drag on this market that you’re beginning to start a new narrative. Which is, you know, we don’t just go after Sandisk and Western Digital and Micron, over and over and again, don’t mean to leave out Seagate. Let’s go back to the ones that create intellectual property, are, I think Arm’s doing better, they’re selected, NVIDIA, not as much AMD, even though I could argue AMD has a lot of intellectual property. But it’s just a change of scenery, to see NVIDIA ticking up, ticking up.”
7. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holdings: 273
Social media giant Meta Platforms, Inc. (NASDAQ:META)’s shares are down by 4% over the past year and are flat year-to-date. Earlier this week, the firm made an important announcement after it announced a partnership with AI GPU giant NVIDIA. Through the deal, Meta Platforms, Inc. (NASDAQ:META) will use NVIDIA’s GPUs to boost its core business operations as well as AI training and inference needs. The firm is also reportedly diversifying its product lineup by developing a new application to allow users to send one-time photos. Meta Platforms, Inc. (NASDAQ:META)’s fourth quarter earnings saw the firm’s $59.9 billion in revenue and $8.88 in earnings per share beat analyst estimates of $58.35 billion and $8.19. Christmas traffic and AI-led efficiency improvements were among the factors that drove the performance. Cramer has frequently tied apprehensions about Meta Platforms, Inc. (NASDAQ:META)’s capital expenditure to the fact that it does not have a cloud computing business. After the latest deal with NVIDIA, he wondered whether this would change:
“Now the thing that I liked about NVIDIA, was that at the end of the day, and David, I’m going to put this to you as being seminal. I am beginning to believe that Mark Zuckerberg is trying to develop his own web services. Do you know that he walked up eight billion dollars, six billion dollars worth of Corning material, you know Corning makes the fiber. This note that NVIDIA put out about how he wants millions, use millions of AI chips in data center. . .any chance that maybe this is him making a web service company?”
6. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holdings: 332
eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are down by 2.9% over the past year and by 7.2% year-to-date. According to The Fly, Bernstein reduced the firm’s share price target to $265 from $300 and kept an Outperform rating on the shares. The coverage came after Amazon.com, Inc. (NASDAQ:AMZN)’s latest earnings report, with the firm’s capital expenditure playing a key role. Bernstein explained that while the technology company’s strong operating income and growth in its Amazon Web Services (AWS) business were impressive, they were insufficient to justify $200 billion in capital expenditure. Benchmark also reduced the price target. It lowered the target price to $275 from $295 and kept a Buy rating on the shares. Cramer discussed Amazon.com, Inc. (NASDAQ:AMZN)’s cash flow and sentiment surrounding data centers:
“Amazon went negative in the free cash flow and suddenly people say you know what, Amazon went from one of the greatest balance sheets in the world to back to where it used to be when it sold books, Carl.
“Well I think that, when you go back and forth with them, they do feel misunderstood. I like that, but that said, it’s a big position in my trust. . .I think that their notion of what they have to spend is going to end up being on the high side. But then when you start thinking about what you have to do, you read that piece in the Journal today about data center taking housing space. Data centers are public enemy number one, they don’t produce a lot of jobs, which I think is untrue. . .”
5. Caterpillar Inc. (NYSE:CAT)
Number of Hedge Fund Holdings: 70
Caterpillar Inc. (NYSE:CAT) is an agricultural and construction machinery manufacturer. Its shares are up by a strong 123% over the past year and by 26% year-to-date. The firm ended 2025 on a strong note as it posted $67.6 billion in revenue to mark 4% growth and set a new record. Within its businesses, Caterpillar Inc. (NYSE:CAT)’s Power & Energy unit was a standout in terms of performance as it brought in $9.4 billion in revenue and marked a 23% annual growth. Following the earnings, Bank of America raised Caterpillar Inc. (NYSE:CAT)’s share price target to $825 from $735 and kept a Buy rating on the shares. According to BofA, the firm is experiencing demand for its turbines beyond the traditional data center sector. It added that the demand for power generation products as a whole was surprising. Cramer discussed the impact of power product demand on Caterpillar Inc. (NYSE:CAT) before the earnings. The CNBC TV host believes that data center buildout and power products demand are key tailwinds for the company. In this appearance, he revealed that hedge funds are also playing a key role in Caterpillar Inc. (NYSE:CAT)’s top line:
“No this is actually happening, because the hedge funds are buying up power from Caterpillar, which is one of the reasons why Caterpillar’s quarter was so good. And putting it where you don’t have to worry about where housing is.”
4. Sandisk Corporation (NASDAQ:SNDK)
Number of Hedge Fund Holdings: 61
Sandisk Corporation (NASDAQ:SNDK) is a computer storage manufacturer. It is one of the top-performing stocks on the market as the shares are up by more than 1,300% over the past six months and by 136% year-to-date. Sandisk Corporation (NASDAQ:SNDK)’s fiscal second-quarter earnings report saw the firm post a strong set of numbers as it raised fiscal year 2026 guidance. For the current period, Sandisk Corporation (NASDAQ:SNDK) now expects to earn $15.7 billion in revenue and $39.50 in earnings per share, which mark a significant uptick from the previous estimates of $10.9 billion and $16.21. Following the earnings, several analysts discussed the firm. For instance, Bank of America raised the share price target to $850 from $390 and kept a Buy rating. Similarly, Barclays also significantly bumped up Sandisk Corporation (NASDAQ:SNDK)’s share price. It raised the price target to $750 from $385 and kept an Equal Weight rating on the stock. In his previous comments about the company, Cramer remarked that the significant earnings surprise during the latest report was one reason Sandisk Corporation (NASDAQ:SNDK)’s stock had performed well. In this appearance, he discussed the firm’s secondary issuance:
“By the way, buy every share of Sandisk on that, secondary.”
3. General Mills, Inc. (NYSE:GIS)
Number of Hedge Fund Holdings: 48
General Mills, Inc. (NYSE:GIS) is one of the largest consumer food products companies in America. Its shares are down by 26% over the past year and by 2.4% year-to-date. The firm provided an update to its fiscal year 2026 estimates earlier this week. The update wasn’t comforting for investors as it saw General Mills, Inc. (NYSE:GIS) increase its annual sales drop guidance to 1.5% to 2% from an earlier range of a 1% drop to a 1% growth. The firm also expects its operating profit and earnings per share to drop between 16% to 20% from an earlier 10% to 15%. Following the update, Bank of America reduced General Mills, Inc. (NYSE:GIS)’s share price target to $55 from $61 and set a Buy rating. BofA commented that the current valuation is an adequate reflection of the short-term pressures on the North American retail market. In mid-January, Bernstein had cut General Mills, Inc. (NYSE:GIS)’s share price target to $53 from $54 and kept a Market Perform rating. Cramer briefly commented on the update and recalled a past where the firm was different:
“General Mills which by the way reported a, they did a preannouncement, you don’t want to be there, that the benchmark of bad, but that’s at 12 times earnings.
“General Mills used to be, remember, General Mills used to be the best there is.”
2. Walmart Inc. (NASDAQ:WMT)
Number of Hedge Fund Holdings: 104
Mega retailer Walmart Inc. (NASDAQ:WMT)’s shares are up by 29% over the past year and by 9% year-to-date. The firm reported its fiscal second-quarter earnings earlier this week. During the quarter, Walmart Inc. (NASDAQ:WMT) earned $190.66 billion in revenue and $0.74 in earnings to beat analyst estimates of $190.43 billion and $0.73. Ahead of the earnings, Rothschild Redburn had raised Walmart Inc. (NASDAQ:WMT)’s share price target to $150 from $110 and kept a Buy rating on the shares. Some of the reasons behind the optimism were the firm’s digital initiatives, which it believes could propel growth on the back of AI. Telsey also discussed Walmart Inc. (NASDAQ:WMT)’s shares in February. It reiterated a Buy rating and a $135 share price target. Cramer has been a long-time proponent of the shares as he believes that not only is Walmart Inc. (NASDAQ:WMT) effectively competing with Amazon in the eCommerce industry, but also due to the firm’s ability to keep prices lower for consumers. Ahead of the earnings, he remarked that the earnings miss would be devastating:
“People are saying that Walmart might miss, DA Davidson, that would be devastating.”
Following the earnings, he didn’t hold back on the praise for Walmart Inc. (NASDAQ:WMT) and tweeted:
“This Walmart quarter was a thing of beauty with advertising and membership fees soaring, hence why you could get such a premium price-to-earnings multiple”
1. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holdings: 88
Warehouse club Costco Wholesale Corporation (NASDAQ:COST) is one of Cramer’s favorite stocks. Even though the shares are down by 4% over the past year, the CNBC TV host has remained an ardent believer in the firm. Among the factors that drive his optimism are Costco Wholesale Corporation (NASDAQ:COST)’s ability to keep prices low for consumers and its scale. Earlier this month, the firm reported its sales results for January. During the first 22 weeks of its fiscal year, Costco Wholesale Corporation (NASDAQ:COST) earned $123 billion in sales while its comparable sales grew by 7.1% in January. During the month, the firm’s sales were $21.3 billion. On the 20th, Citi discussed the shares. It raised the share price target to $1,000 from $990 and kept a Neutral rating on the shares. In this appearance, Cramer discussed Costco Wholesale Corporation (NASDAQ:COST)’s historical share price movement and valuation:
“When Costco got to this multiple, it stopped. Now Costco is a fast grower, and they couldn’t, remember at 50 times earnings, it just phchueng, phchueng. . .Costco no that was the beginning of a big decline, and then it’s come back but if you look at the spread, I mean Costco used to be twice the multiple of Walmart.”
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