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.”
8. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q2 2025: 335
Amazon.com, Inc. (NASDAQ:AMZN) was due to report its earnings when this show was aired. The results saw the firm deliver 20% growth with its crucial Amazon Web Services cloud business. AWS had been a pain point ahead of earnings, and Cramer had repeatedly discussed its growth prospects. As he commented on Amazon.com, Inc. (NASDAQ:AMZN) before the earnings report, it was unsurprising that he was focused on AWS:
“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.
“This might be Jassy’s night to shine in terms of how much he’s spending. Although, you’ve got to remember, that beautiful Microsoft conference call when it came to Azure, taking share, that’s what they said. The share will be taken, not from Google because their numbers are [inaudible], it’ll be taken from Amazon Web Services, which Andy Jassy ran.”
7. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders In Q2 2025: 294
Microsoft Corporation (NASDAQ:MSFT) latest earnings report saw its shares drop by 4% even though the firm’s $77.67 billion in revenue and $3.72 in earnings per share beat analyst estimates, and its cloud computing revenue grew by 40%. Investors were spooked by CFO Amy Hood changing tack and outlining that capital expenditures would grow in 2026. The Microsoft Corporation (NASDAQ:MSFT) CFO had previously expected expenditures to drop, and Cramer discussed her comments and CEO Satya Nadella:
“People have to go over what Amy Hood said with a fine tooth, fine toothed comb. She just talked, the CFO, really talked about the need to address the constraints and how much they need to spend. By the way, all of their actual enterprise software, the traditional software, was extraordinary. Copilot was fantastic. We overlook that at our own peril.”
“I think Satya did a great job. . .it jumped because of the OpenAI deal and now it’s giving back the OpenAI [inaudible]. OpenAI kept as a sub rosa text of that whole conference call. Because of how much they are giving them, what’s OpenAI is going to look like. And then there’s these fatuous rumors that OpenAI is going to be a trillion dollar company, when even the company itself has said, Jim don’t go north of 500 billion, please.”
6. Starbucks Corporation (NASDAQ:SBUX)
Number of Hedge Fund Holders In Q2 2025: 66
During the show, Cramer brought on Starbucks Corporation (NASDAQ:SBUX)’s CEO, Brian Niccol, for an interview. The firm’s shares have been under pressure lately as Niccol navigates through a tough turnaround. Yet, despite Starbucks Corporation (NASDAQ:SBUX)’s woes, Cramer continues to be a believer in the firm and its CEO. After the interview ended, he discussed why he’s a believer:
“Well look, I gotta let you go but I feel like that scale and staffing, two that are just so what you do best are so blocking and tackling, and all those other things come after that. Brian Niccol, the CEO of Starbucks, it’s not going to go up today, there’s a lot of negativity about restaurants. But how about the next two years, I kind of care about that. Thanks Brian.
“[He’s been a believer] In this man because I doubted him at Chipotle and that was like an invitation to my funeral.
“Brian Niccol’s made me a fortune, my trust a fortune, oh now he doesn’t know what he’s talking about? People got stupid?”
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
NVIDIA Corporation (NASDAQ:NVDA) was in the spotlight after President Trump’s latest comments following his meeting with Chinese President Xi Jinping. The President told reporters that the firm’s Blackwell GPUs were not discussed in his meeting, and Cramer commented on Trump’s revelation:
“No, exactly, and there is a real tug of war in Washington about what happens if we give them our best. Which is Blackwell. There is a lower end Blackwell that I think could sell. Now David, I think we’ve got to accept the fact that last night was the night where if you spend too much with Jensen, your stock goes down. Alright. So that’s a negative for NVIDIA. You did not hear what you wanted to hear. Which is that they are going full board to give the PRC, NVIDIA Blackwell. So it’s going to be a day where it’s going to fall back under five trillion. I urge people to not take a minute-to-minute, but there are people in Washington, David, who feel like this could be used militarily, Jensen has said over and over again to me, look, how are, they’re not going to use it militarily, they committed, it would be stupid for them to do it.”
4. Cardinal Health, Inc. (NYSE:CAH)
Number of Hedge Fund Holders In Q2 2025: 59
In a show where Cramer spent most of the time discussing Meta and cloud computing, healthcare products and services provider Cardinal Health, Inc. (NYSE:CAH) was a nice shift. Even though the CNBC TV host last mentioned the firm in August, he hasn’t changed his mind about it. He continues to have faith in CEO Jason Hollar and discussed how Cardinal Health, Inc. (NYSE:CAH) had transformed itself from being a simple healthcare middleman to a firm that now adds value:
“But what’s going up the most, let’s just go there for a second. It’s Cardinal Health. This is a company that was a, really just a plain vanilla middleman, that is now value-added. I like that. Because Jason Hollar said over and over again, Jason Hollar, said over and over again on Mad Money, Jim we are not like the other guys. Boom. He’s not. Congratulations Jason Hollar.”
Here is what Cramer said about Cardinal Health, Inc. (NYSE:CAH) on August 11th:
“[On guidance raise] Oh my god. I wanted to holler the Hollar. The Hollar was good. I’ve had Hollar on the show many times. He’s the CEO. And holy cow, they didn’t do the number. They didn’t do the number. This man is like, same thing like a McKesson. . .except for they added a lot of high value added things. And it’s not working. That was a tremendous blow. I had that one nailed as being something that would have a good quarter. Thank heavens I didn’t put money on it for my trust. Wow. That is something. David, that is something.
“Jason Hollar has reinvented that company, and I’ve had him on and he’s, by the way, not [inaudible] does he ever miss numbers, but he’s blown away the numbers time and time again. This was not a blow away. I was very surprised.”
3. Chipotle Mexican Grill, Inc. (NYSE:CMG)
Number of Hedge Fund Holders In Q2 2025: 68
Chipotle Mexican Grill, Inc. (NYSE:CMG) reported its third-quarter earnings earlier this week and saw its revenue of $3 billion miss analyst estimates of $3.03 billion. The firm also cut its same-store sales forecast yet again. Naturally, the shares fell by 13% in extended trading, and Cramer discussed whether recent results were an important reflection of the economy:
“I’m not sure because Kevin Hochman, from Brinker, it’s big, Chili’s, did not say that. I didn’t get that, actually, I didn’t get that verbiage from any of the restaurant companies. It’s a challenged company, the comps did decline in low single digits, this is Chipotle, this is Chipotle, and it has, I will say it, lost its way.
“The narrative on Chipotle is that it’s great no matter what. That was the narrative of Starbucks before two different CEOs came in and almost if they sabotaged the darn thing. This was a very bad call, a very bad, and I like the club company very much.”
2. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders In Q2 2025: 119
Eli Lilly and Company (NYSE:LLY) continues to be one of Cramer’s top pharmaceutical stocks. He has consistently discussed the firm in 2025 and praised it on several fronts. These include Eli Lilly and Company (NYSE:LLY)’s weight loss drugs, the firm’s plans to establish a robust manufacturing process in America, and new drugs in its pipeline. However, more recently, Cramer has admitted that the firm needs some catalysts for the shares to make further gains. Here is what he said about Eli Lilly and Company (NYSE:LLY) in this appearance before interviewing the firm’s CEO, David Ricks:
“I’ve followed Dave Ricks for a long time. Shares of Eli Lilly are on the move. Company blew past the estimates for the third quarter and hiked guidance, which is very different from almost every other drug company other than [inaudible] and it’s because of the weight loss. If the market weren’t that bad the stock would probably be up forty or fifty.”
1. Comcast Corporation (NASDAQ:CMCSA)
Number of Hedge Fund Holders In Q2 2025: 82
Cramer doesn’t frequently discuss Comcast Corporation (NASDAQ:CMCSA), the media, telecommunications, and entertainment giant that is also CNBC’s parent. Previously, he has commented on the firm’s forward price-to-earnings ratio. This time, he discussed CNBC’s spinoff and other strategies:
“Well it’s going to, I mean look, I am a friend of Comcast. I am a friend of Brian Roberts. Mr. Cavanagh, and it’s Philadelphia’s own, I was against the plan to spin us off. I was very vocal about that. I know stocks, I don’t know cable. I know stocks, I don’t know fixed wireless. The stock was at $43.20 when they announced the deal and now it’s at $27. And I rest my case.”
“[on what the strategy was regarding broadband threatened by fixed wireless and whether a structure to get WBD to say yes and beat Paramount and Netflix would be enough to reinvigorate the entertainment and streaming franchise] I think it would be. I think that you’ve got to do two things. You’ve got to become a theme park company and you’ve got to become somebody that makes productions, whether it be for Apple Plus, whether it be for Netflix, and this other business is all that Wall Street judges it by. And it’s very painful to watch and again I am a very substantial shareholder of Comcast.”
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