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 Facebook parent Meta’s latest earnings report and OpenAI. While the shares fell after the report, with some attributing the dip to worries about excessive capital spending, Cramer commented that the spending was actually an aggressive approach taken by Mark Zuckerberg against OpenAI. His comments came with respect to OpenAI looking to expand to social media and search engines, a potential strategy Cramer has discussed in detail before.
Here is what Cramer said:
“I think that, when you look at what Zuckerberg’s up to, he is trying to keep it so, this is my view, they will not confirm this. Okay. that he’s trying to say, OpenAI you’re trying to go into every vertical, try to come into the social vertical, just try it, we will crush you. I think this is a defense of his own turf as he plays offence on video. And people have to recognize, what he is saying is, we own this vertical, it’s the best with 3.5 billion, you know what OpenAI, oh go play in finance. . go up against Amazon but don’t you come in against us, we will crush you. That’s Zuckerberg.”
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 October 30th.
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10. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q2 2025: 260
After social media giant Meta Platforms, Inc. (NASDAQ:META)’s shares fell following its latest earnings report, Cramer took the contrarian view and defended the firm’s CEO, Mark Zuckerberg. The CNBC TV host did not hold back when discussing the firm:
“[After David Faber commented that Cramer was frustrated with the conference call despite Meta’s sizable user base] I thought that the revenues were terrific. The reaction to the conference call is that, finally we’re at the point where people are spending too much. And he is spending too much. People did not like Mark Zuckerberg’s assurance that you have to spend.
“[On what he thought about CapEx growth will be notably larger, CapEx dollar growth will be notably larger in 2026] Okay well, there’s two ways to look at it. One is that at this point, he just says, I’m gonna win no matter what. And I’m going to spend, this is the opposite of the year of efficiency, I’m going to spend, what some people at Mellius said, spend recklessly. I don’t agree with that. I think the crucial moment on the conference call which is completely being overlooked is on page 14. Which is that he’s got to go for very high quality good video, which is doing fantastic for advertisers, but you have to have the highest end NVIDIA to do that.
“Now let’s remember, before we castigate this guy too much, Hock Tan’s on his board. The CEO of Broadcom. You think he’s just, he’s got maybe I think the smartest, toughest investor in this particular element. And then he has, himself obviously. He’s proven, proven, proven. But there’s downgrades, there’s price targets. It’s almost as if people just said you know we’ve been waiting for this guy to trip up and we’re going after him. And then of course he has this charge which was actually from the great big beautiful whatever bill.
“David I want to take the other side and I’ll tell you why I want to take the other side. I’ve not made a lot of money betting against this man when he does these kinds of things. And if we listen to Jensen Huang, Jensen’s always saying, the CEO of NVIDIA, that if you buy ours, it’s something that CoreWeave would verify, if you buy ours, they don’t expire. They continue to be valuable. Also, I think that I would say Zuckerberg has created the cheapest power and some of that is Entergy. They said Jim don’t focus too much on Entergy, our power grid is better than everybody else’s.
“But they’re saying, look, we will be able to use this power. You may not think that we need all this accelerated compute which you know Jensen says is just as good as AI. We’re going to do it. And he is not getting any lattitudes. So David let me ask you, is this the end of spend and get rewarded? Or do we just say you have to justify it much better which is what Alphabet did?
“No we’re telling people to buy. We’re now, look, I think it could go down a hundred, because it’s almost like if you think you’re going to sell it at 75 you’re doing it because you think it’s going to be down a hundred today. Now this was not a down 100 call. This was an actually a fine call where he’s saying maybe you don’t understand the value of an old NVIDIA, maybe, again, Michael Entrator, you know who my back came from CoreWeave, he’s on the same page. He’s on the exact same page as Zuckerberg which is saying look, I need the compute and if I don’t need the compute I’ll still find out a way to make money. That was viewed as very cavalier. I don’t take anything he says as cavalier.
“Microsoft. . .they were constrained, they didn’t have enough compute. Alphabet had the right amount of compute. So what does Zuckerberg say? He says, look, guy, I don’t really care about what Wall Street says, I’m gonna get us the right amount of compute. People don’t like when someone says I don’t care what Wall Street says. Which is the sub rosa of nature.”
9. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q2 2025: 219
Alphabet Inc. (NASDAQ:GOOGL)’s earnings report saw its shares jump by 4% after it beat analyst revenue and EPS estimates and reported a $155 billion cloud backlog. Cramer discussed the earnings report and compared the firm’s cloud business to Amazon:
“Yes and you know Thomas Curry, he doesn’t get credit at the call, but he did Google Cloud. And Google Cloud is a monster. People are going to be talking about Google Cloud tonight compared to Amazon now the shoes for Amazon are now big. I don’t know, as much as the long knives are out for Mark, they might be out for Jassy, too. These people have all taken kind of the share approach, it’s Andy versus Mark. I mean, I don’t know how that happened. Even Philipp’s [Philipp Schindler, Chief Busines Officer] being given a lot of latitude he was on the conference call for Alphabet. It was a tour de force conference call, tour de force.”
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