11 Stocks Jim Cramer Was Focused On

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 156

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer was focused on. Cramer noted that it is the only big company not buying from NVIDIA. He commented:

“Apple is the only one of these heavy hitters that isn’t writing huge checks to NVIDIA, simply because they don’t have an AI strategy. Apple stock, by the way, is the poorest performer of the big tech stocks. Will that change after tonight’s numbers? Will Apple turn out to have the last laugh while all the others fall flat on their faces?… Listen, we heard the same thing about the dot-com survivors at the turn of the millennium.”

Apple Inc. (NASDAQ:AAPL) designs and sells smartphones, computers, tablets, wearables, and accessories, complemented by cloud, support, and advertising services. Moreover, the company provides subscription platforms, including music, video, gaming, fitness, news, and payment solutions. During the August 7 episode, Cramer made positive comments on the company, as he said:

“I kept hearing that Cook and the president didn’t get along because he wouldn’t commit to making the iPhone in the United States. The drum beat grew so loud that I even asked Tim in my private chat… is it possible for you to work with the president?… He came back and he said that he has good relations with the president…. Tim Cook, if he says the relationship is good, then it’s good, and that gave me the guts to tell you to stick with it. Now, with the stock at $220, nicely above where it was when the company reported, I need you to think about what has happened in the last 24 hours…

Could Apple go from being the most expensive to being the cheapest, the best one for the phone companies to offer, so they can get new accounts? Isn’t that what the stock’s monstrous move from 203 to 220 in just two days is telling us?…

Apple, don’t fool around with it. Don’t trade it. I say it because this is a company that always seems to get it right in the end… Of course, there’s a reason with Apple. It’s a confident company with the best products on Earth, that’s run by one of the greatest value creators on Earth, rivaled only by Jensen Huang at NVIDIA.”