In this piece, we will look at the stocks Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed President Trump’s big AI event at the White House, which saw Apple, Microsoft, Google, and other companies’ CEO join him and the First Lady for dinner. Cramer was quite blunt as he remarked that not only could the President use Apple’s $600 billion investment in the US as an example to nudge other firms to do more, but that the CEOs were simply “pawns” for the President:
“But I think the President has a chance, to say, here’s Tim Cook, and Tim Cook has committed to do things, including bringing the supply chain back here, what have you done? Because the President, doesn’t think comparisons are odious. A lot of us were brought up to think they are, but I think the President has every right to be able to say, what are you doing to equal what Tim Cook is doing? These things are incredible Carl, because I don’t think people at home recognize, these are kings, but you know what, they’re almost like pawns. These are people in my world revere, they have built these companies that have created thousands of percent of gain. In the President’s world, what have you done for me lately? You know he’s not an analyst, saying like, I’m thrilled about the beat and raise. He’s like, I’m going to beat you and I’m going to raise [omitted].”
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 September 4th.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q2 2025: 335
Amazon.com, Inc. (NASDAQ:AMZN) has been a regular feature of Cramer’s morning show since the firm’s second quarter earnings, which saw the shares fall by 9.6% as investors worried about its growth prospects. Cramer has previously remarked that one reason Amazon.com, Inc. (NASDAQ:AMZN) might have struggled is because its Trainium chips aren’t as popular with cloud users as are NVIDIA’s GPUs. This time, he mentioned the debate going on between Amazon.com, Inc. (NASDAQ:AMZN) and NVIDIA:
“This, by the way is against Andy Jassy, at Amazon who is saying look, if you use our Trainium, our Trainium 2, Trainium 3, that’s the one that are developed by them. Well, you know they think it’s superior at least on price and Jensen’s coming back and saying, don’t you dare say that.
“Amazon I’m hearing is going to go against Marc Benioff with agentics. There seems to be a coalition. Anybody has anything new, Amazon up eight? I mean come on, is the [inaudible] not worth it? Also Project Kuiper finally had some little revenue in there, because they got JetBlue put some WiFi. These stocks are bouncing like you wouldn’t believe. . .”
10. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q2 2025: 219
Alphabet Inc. (NASDAQ:GOOGL)’s stock has turned a leaf after the firm won a reprieve from court through a historic ruling, which allowed it to continue owning Chrome and keep paying Apple to make Google Search the default iOS platform. Since the ruling, Alphabet Inc. (NASDAQ:GOOGL)’s shares have gained 11% to push its market value to a whopping $2.8 trillion. Such large moves are uncommon for trillion-dollar companies. As a result, Cramer compared Alphabet Inc. (NASDAQ:GOOGL)’s share price movement to small-cap stocks:
“These stocks are bouncing like you wouldn’t believe like Google was a small cap stock yesterday.”
Here are Cramer’s complete thoughts about Alphabet Inc. (NASDAQ:GOOGL) after the court ruling:
“Now, though, let us talk about what really matters. What happened today? Google and Apple, that’s what happened because they are today’s example of the dreaded, dangerous concentration… I listened to the sirens and saw one of the canaries fighting for its life last year. The canary was Google, now Alphabet. After owning this stock for years, in 2024, I decided that its version of artificial intelligence, Gemini, was cannibalizing its regular search… And more important, I was worried about the antitrust regulators going after them… You can’t be a monopolist. It’s illegal. I thought for a moment that this could be good news, that Alphabet could be broken into different pieces and that would amount to more than the sum of its parts kind of thing.
You know, [I] figured, wow, Waymo this and YouTube that, but the analysts and prosecutors told me that Alphabet would have to divest this thing called Chrome for nothing, maybe even have to pay to make Chrome independent…
I had a huge gain in Alphabet for the Charitable Trust. Now it was in jeopardy. It was supposed to be a death sentence for Alphabet, and I wasn’t going to electric chair with this one, so we sold it for the trust. In retrospect, I was a fool.
The concentration argument, as I’ve said, was a total canard… The court yesterday basically took back last year’s harsh ruling. It was a do-over. There’s no monopoly here at all… In the end, I listened to the sirens of negativity and I left the stock, but nothing really happened. I want my money back, but the scaremongers aren’t going to give it to me, the ones who worried about concentration. I left 50 points on the table.”
9. C3.ai, Inc. (NYSE:AI)
Number of Hedge Fund Holders In Q2 2025: 30
C3.ai, Inc. (NYSE:AI)’s shares dipped by a whopping 26% in August after the firm announced that its fiscal first quarter midpoint revenue would sit at $70.3 million and its operating loss would sit at $124.8 million. Both of these marked significant falls over the year-ago quarter. C3.ai, Inc. (NYSE:AI) followed up with its earnings report in September, after which the shares fell by 7.31%. Cramer was appreciative of the firm’s CEO, Thomas Siebel, admitting that the firm did not meet expectations:
“The C3AI, I hoped Tom Siebel, gets well. I know Tom from the old days. They missed the quarter and one of the things that was refreshing was Tom said, we did a terrible job. And that’s like the old Tom, which I love.”
Cramer previously discussed C3.ai, Inc. (NYSE:AI) in May. Here is what he said:
“Well, I’ll tell you, it keeps losing money. Tom Siebel should not have that keep. He’s the chairman, CEO, founder. There are so many better ones out there. As much as I like Tom, I’m just going to tell you no, go with something that’s even, that’s high. Now, Palantir’s a meme stock and we know that.”
8. Figma, Inc. (NYSE:FIG)
Number of Hedge Fund Holders In Q2 2025: N/A
Figma, Inc. (NYSE:FIG) is a software company that allows users to use a web browser-based platform to design AI products and services. It is one of the newest listings on the market, and the shares have lost 53% since their listing at July end. Soon after the IPO, Figma, Inc. (NYSE:FIG)’s shares tanked by 35% as investors sought to lock in their gains. More recently, the stock fell by 19.9% in September after the firm’s first post-IPO earnings report saw meek revenue, EPS, and full-year revenue beats. Cramer agrees that Figma, Inc. (NYSE:FIG) had a lot to prove:
“[On first report since IPO not well received] Figna by the way. . .when you’re at 180 times earnings you better blow out the quarter. And they did not, they did a little bit less.”
Here are his previous thoughts about Figma, Inc. (NYSE:FIG) on the day the shares started to trade:
“It is expensive at 33 versus where Adobe tried to buy it.
“[On how they’ve got a lot of selling shareholders] Right, and I think that in itself is usually a red flag. They expect to bring 360 million from the deal but roughly two-thirds are going to existing shareholders. Which I find is a really large cash out.
“Netflix uses it, Duolingo uses it, Uber uses it, JetBlu, 95% of the Fortune 500 use it. And, if you have a subscription to Adobe it’s much more expensive than Figma. Figna’s a very good buy. This is Figma versus Adobe just so everyone knows.
“And I urge people to, if you put in market orders, it’s gonna be like two thousands, you will be crushed. Please put in a limit order. Don’t worry if you don’t get it. This is one where I want people to exercise caution.”
7. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders In Q2 2025: 104
Software firm Adobe Inc. (NASDAQ:ADBE)’s shares haven’t performed well in today’s AI-driven market. Not only are they down by 21.5% year-to-date, but over the year, the shares have bled 39%. Adobe Inc. (NASDAQ:ADBE) has failed to generate significant demand for its AI software, and underwhelming earnings coupled with bearish analyst sentiment have driven the shares lower in 2025. Here is what Cramer said as the shares neared a 52-week low:
“[On stock nearing a fresh 52-week low] You know Shantanu Narayen, he’s a great executive in the program. The program’s like the Ferrari, but Canva, which not public, is kind of like the GM and people like that.”
Previously, the CNBC TV host discussed Adobe Inc. (NASDAQ:ADBE)’s operating environment:
“Alright, so, I’m going to have to just, sometimes you have to just say someone knows this better than I do. There’s a fellow by the name of Ben Reitzes… He has been coaching me, just saying, listen, understand that AI is eating software. This is a software-as-a-service company. In other words, when you buy them, when you buy Adobe, you get certain seats, you bring them in. It’s a very costly program. It is unbelievably good for graphics, okay? But there’s a new company called Figma that’s come in, and they do a lot of stuff that Adobe does for a little bit cheaper. There’s Canva, which does it for incredibly cheap. So I think that what’s really happened is, is that others have come into their market with a cheaper product that a lot of people feel is just as good, that has artificial intelligence in it, and they can’t maintain their price. So far, their price has been able to be maintained, but that’s the big worry about Adobe. And I have no answer for Adobe. None. I just don’t.”
6. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders In Q2 2025: 78
Palantir Technologies Inc. (NASDAQ:PLTR)’s shares have been on a tear in 2025 after having gained 102% year-to-date despite a 16% dip in August. The firm has benefited from strong earnings reports and investor hopes about its ability to benefit from the Trump administration’s cost-cutting drives. However, in this appearance, Cramer noted that Palantir Technologies Inc. (NASDAQ:PLTR) might have a rival in the form of Salesforce:
“And then, on the call, maybe an act of desperation, on the Salesforce call, they attacked Veeva, saying that, well we’re crushing Veeva, and then Marc, he did the unthinkable, oh my god, he said, he beat Palantir out of a contract. Stop trading. Holy cow. Alex Karp, don’t take your gun out and shoot me, I’m under the table! [hides under his table] Alex Karp, but it is absolutely true, he did say we beat, he said boy Palantir’s expensive. Wow. He broke the mystique. The mystique is done.”
Cramer commented on Palantir Technologies Inc. (NASDAQ:PLTR) after a short seller report from Citron. Here is. what he said:
“[On a Citron piece] David, Palantir? You want to get in the way of that juggernaut? The only people who short that . . .and they don’t even know. One guy called me and he goes, listen man, I’m shorting this stock, I don’t know if you know it. Plantir! Plantir!
“And yet we all know people who work at Palantir and they are geniuses. . . they are hardworking. And, you know they believe in ontology, it’s an ontological place. I’m not an ontologist myself, but I do think that having read and studied Alex Karp, I don’t want to take the other side of the trade. I think the guy is a serious competitor.”
5. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders In Q2 2025: 106
ServiceNow, Inc. (NYSE:NOW) is one of several embattled software-as-a-service stocks that have floundered as investors believe AI offers businesses the ability to self-code software programs. Its shares have lost 13.5% year-to-date. However, more recently, the stock jumped by 7.4% in late August after its second-quarter revenue and earnings beat analyst estimates. Notably, ServiceNow, Inc. (NYSE:NOW) also outlined that its subscription revenue jumped by 22.5% in the quarter. However, Cramer warned that he was hearing talk about the firm’s multiple being too high. While ServiceNow, Inc. (NYSE:NOW) trades at a P/E ratio of 114, other software firms such as Salesforce and Workday have lower multiples. Here is what Cramer said:
“By the way, I am hearing, the next one that, Will McDermot and ServiceNow, people are worried that that’s got too high a multiple. I’m not hearing anybody miss it. But that’s one thing that I’m certain that I’m hearing.”
Here are Cramer’s previous comments about ServiceNow, Inc. (NYSE:NOW) that it could compute government data, such as labor statistics:
“You gotta outsource this. You’ve got to give this to ServiceNow. It cannot be done by the government. . .You can’t have the revisions like we had in employment and think there’s any substance. . .
“I think that it would be aplomb to handle that business. I think that it would be great bragging rights. I also think a guy like Bill McDermott, great American, he’d just say listen, we’ll take it on. We’ll do at cost. McDermott would do that, ServiceNow, I mean. ServiceNow by the way being hurt by this Melius thesis, Ben Reitzes thesis, that AI is eating software. Which the judge talked about extensively yesterday in a very good roundtable. Very good roundtable.”
4. American Eagle Outfitters, Inc. (NYSE:AEO)
Number of Hedge Fund Holders In Q2 2025: 41
American Eagle Outfitters, Inc. (NYSE:AEO) has created quite a buzz lately, both in the media and on Wall Street, after its advertisement with Sydney Sweeney. Its shares have gained 5.8% year-to-date, all on the back of an absolutely massive 38% jump in September. This jump allowed American Eagle Outfitters, Inc. (NYSE:AEO) to reverse its fortune in an otherwise struggling retail market. The firm’s shares rose after the firm remarked that the new advertisement led to strong performance in the second quarter. Here is what Cramer said about American Eagle Outfitters, Inc. (NYSE:AEO):
“When you have a very controversial ad, in terms of what was really meant by jeans versus genes, it didn’t matter and people were going to the stores. The, American Eagle has disappointed for so long, that I was thinking that you ought to call American cavalry.
“[On whether the stock has exited the meme category] I think that you get people into the stores, maybe they like the stores, for a while but it’s episodic. We don’t want episodic. We want, we want something that has staying power. I mean not that they’re ever going to be TJX or anything.”
Earlier, the CNBC TV host discussed American Eagle Outfitters, Inc. (NYSE:AEO) in June:
“This is not my first rodeo with American Eagle. My charitable trust took a very big hit in the stock a few years ago when they held on. We held on way too long because they promised one good quarter after another and they could not deliver. It was a nightmare. I am not inclined to give them the benefit of the doubt again. Fool me once, shame on you. Fool me twice, shame on me.”
3. Palo Alto Networks, Inc. (NASDAQ:PANW)
Number of Hedge Fund Holders In Q2 2025: 77
Palo Alto Networks, Inc. (NASDAQ:PANW) is a stock Jim Cramer frequently discusses. Its shares are up by 6.6% year-to-date as they struggle to recover from a 15% drop in late July and early August. The shares fell due to an acquisition announcement as investors wondered whether Palo Alto Networks, Inc. (NASDAQ:PANW) could fund the $25 billion deal. However, Cramer has defended the acquisition as he believes that it could add to the firm’s business. Cramer is also quite bullish about cybersecurity due to the growth in digital networks stemming from AI and foreign threats against American entities. Here is what he said about Palo Alto Networks, Inc. (NASDAQ:PANW):
“Palo Alto Networks, they had a mighty nice upside surprise, that’s Nitesh Arora.”
Previously, the CNBC TV host discussed Palo Alto Networks, Inc. (NASDAQ:PANW)’s acquisition:
“. . .by the way, just so you know, that you know Nikesh Arora identified that identity is incredibly important which is why they spent a fortune on CyberArk. But I think that’s gonna work out.”
2. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders In Q2 2025: 63
International Business Machines Corporation (NYSE:IBM)’s stock is up 12% year-to-date despite taking a beating over the past couple of months. The shares have lost 12.5% since late July after investors began to question whether the firm’s software business had sufficient juice to produce growth. Cramer is nothing short of an International Business Machines Corporation (NYSE:IBM) bull, as he believes that the firm has great leadership and can become a long-term leader in quantum computing. This time, he discussed International Business Machines Corporation (NYSE:IBM) CEO’s comments regarding football picks:
“IBM, had us, there’s 38 billion pieces of the data when you enter your name and you get your next, your next player and then the player after. That’s going to be Arvind, he runs that, which is a terrific job.”
Recently, Cramer was asked about his top quantum computing stocks. Here is what he said:
“I think IBM may be very real and that stock has just taken a beating. So that’s what I’m focused on.”
1. Hinge Health, Inc. (NYSE:HNGE)
Number of Hedge Fund Holders In Q2 2025: 47
Hinge Health, Inc. (NYSE:HNGE) is a healthcare technology company that allows customers to utilize physical therapy through its software application. The shares have gained 48% year-to-date, after experiencing a 26% surge in August. Hinge Health, Inc. (NYSE:HNGE)’s shares rose after the firm reported its first earnings results after being listed for trading. The results saw the firm’s $139 million in revenue beat analyst estimates of $125 million. Since Hinge Health, Inc. (NYSE:HNGE) is yet to report a profit, analysts judged its operating performance through the cash flow. On this front, the firm’s $32 million in free cash flow also beat estimates of $20 million. Cramer shared that he had invited Hinge Health, Inc. (NYSE:HNGE) on Mad Money later in the day:
“And then Hinge Health, I don’t know them, I wanted to find out about them because people are excited about them.”
The CNBC TV host previously discussed Hinge Health, Inc. (NYSE:HNGE) in July. Here is what he said:
“… After the quiet period ended mid-June, and Hinge received universally positive coverage from the analysts, the stock then took off again, climbing as high as $52 and change on the last day of June before pulling back to the mid-40s as of today. So I like that nice pullback from the top…
“… So the story sounds pretty good, right? Numbers are great, and now the only thing left to determine is how much should we pay for the stock. The 13 analysts that have stuck Buy ratings on Hinge have assigned price targets ranging from $41 to $52… So on an absolute basis, the stock seems a little pricey, trading 87 times this year’s numbers, 60 times next year’s numbers.
“However, I don’t think that’s a crazy multiple to pay for a stock in this stage of its development now, when it’s got such rapid growth. With Hinge’s earnings per share expected to grow by 45% next year, the stock has a price to earnings to growth ratio of 1.33 based on these numbers, which is actually far from expensive. In fact, using 2026 numbers, the S&P 500 currently has a 1.5 price to earnings to growth ratio. You could argue that, at least on this metric, Hinge is trading at a discount to the market.
“Bottom line: I think Hinge Health looks like another good option for investors like MNTN, Mountain. But unlike the high-flying CoreWeave or the Circle Internet, you know what? You get my blessing right now, right here to buy tomorrow morning. Yeah, I feel that good about it. As we peruse these mid-sized IPOs from the past several weeks, we’re finding some real nice up-and-coming companies with stocks that haven’t run too much, and I think some of them, like Hinge and Mountain, represent really good options for growth-oriented investors like you.”
While we acknowledge the potential of HNGE 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 HNGE and that has 100x upside potential, check out our report about this cheapest AI stock.
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