On Wednesday’s episode of Mad Money, host Jim Cramer pushed back strongly against the idea that artificial intelligence is heading for a bubble.
“Hype cannot destroy the hope of artificial intelligence, even though many investors have begun to turn on the entire concept of machines that you can talk to or even replace your workforce with.”
READ ALSO: Jim Cramer Shared Insights on These 18 Stocks and Jim Cramer Shed Light on These 14 Stocks Recently.
Cramer pointed out that he is increasingly hearing comparisons between today’s AI momentum and the dot-com bubble. Calling it ironic, he said most of these comments are coming from younger voices who were not active investors at the time. According to him, these younger skeptics claim that the current enthusiasm around companies like NVIDIA, heavily relied upon for generative AI development, is excessive. He noted that they argue that executives and investors are collectively overestimating the long-term viability of AI-related business models.
“So feel free to dismiss AI as a bubble, but the bottom line: During the three or four years of the dot-com bubble, people did make fortunes who had faith as long, and some, yes, you had to ring the register for it. But even when the dot-com bubble burst, there were a handful of fairly obvious winners that eventually came roaring back. You did have to be courageous to buy them.”
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on August 27. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11 Stocks Jim Cramer Was Focused On
11. Rigetti Computing, Inc. (NASDAQ:RGTI)
Number of Hedge Fund Holders: 17
Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the stocks Jim Cramer was focused on. A caller asked about the stock during the lightning round, and here’s what Mad Money’s host had to say in response:
“Okay, here’s my view on quantum computing: it is for real. Is Rigetti my favorite? No, but Rigetti’s one that could have a headline tomorrow. It’s like Oklo… And I said… enough, I can’t take it anymore. I think that this one’s like that. Rigetti could have something that could be a home run. I don’t want to keep you out of it. But it is a speculation, please remember that.”
Rigetti Computing, Inc. (NASDAQ:RGTI) develops quantum computers and superconducting processors and offers cloud-based quantum computing services. The company provides QPUs, quantum systems, software, and professional services for enterprises and government entities. Cramer called it a meme stock during a March episode, as he commented:
“I think it’s a meme stock. It’s a meme stock and, and therefore it’s a battle between the longs and the shorts. I don’t know who wins in the end, but it is a meme stock. It is not, it is not trading on the fundamentals, which are frankly paltry.”
Since the above comment, the company’s stock has gained nearly 65%.
10. Opendoor Technologies Inc. (NASDAQ:OPEN)
Number of Hedge Fund Holders: 21
Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the stocks Jim Cramer was focused on. During the lightning round, when a caller asked about the company, Cramer remarked:
“You know, I’ve gotta tell you, this is a meme stock. The person who was, who left the company, the CEO, was a straight shooter. And I don’t really understand what happened, but I’ll tell you this: I am not going to jump on a situation that I thought was heavily, that some would say was manipulative, okay? Some would say. I’m not going to jump on that train.”
Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for buying and selling homes. The company provides direct sales, listings, and marketplace services along with real estate, insurance, and construction solutions. Furthermore, it reported its Q2 earnings on August 5, posting an EPS of -$0.04, missing expectations by $0.01. Opendoor Technologies Inc. (NASDAQ:OPEN) beat its revenue estimates by $100 million at $1.6 billion, up 6% year-over-year.