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 reiterated some of his salient points when deciding to sell stocks. The CNBC TV host reminded viewers that if there is a lot of insider selling at a firm or if stocks of companies that don’t generate enough money are appreciating too much, then it’s time to be careful. Starting with the price-to-sales evaluation, he commented:
“Something that is something times revenue, that’s over. Because those companies are in the prove it phase. We’ve had a lot of it, I’ve always said listen, if we ever get a lot of insider selling, if we ever get companies going up a lot that don’t make any money. Well then I will sell. Now that’s happening, and I’m not saying sell those companies. I have to be consistent with what I was talking about. Now does that mean sell Lisa Su’s company? AMD is doing incredibly well.”
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 November 12th.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
11. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holders In Q2 2025: 73
Cramer has frequently discussed investment bank The Goldman Sachs Group, Inc. (NYSE:GS) over the past couple of months. Most of his comments have focused on the bank’s valuation, with the CNBC TV host pointing out that a 15 times earnings multiple was a great point to own the stock. In this appearance, he discussed The Goldman Sachs Group, Inc. (NYSE:GS) after co-host Carl Quintanilla pointed out that the Dow Index had hit a new high recently and mentioned the bank’s role in the movement:
“After Carl brought up Dow hitting a new record high with Goldman’s effect on the Dow] Right, Goldman, Goldman goes much higher because we are in a merger market and IPO market and a debt market is rather extraordinary. The latter being much more lucrative, people don’t realize it. I, we have a big position for the trust, one of the biggest positions, I think that stock hits 16 times earnings, just makes a lot of sense. In my theme that I’m developing now, something at 16 times earnings is something we really, really, want. Something that is 40 times earnings, is something we don’t want as much.
“Citi had a great quarter. It was really great. Goldman breaking out here. I’ve never understood what Goldman was doing at 700. Now people really didn’t like the trading aspect of Goldman. But David Solomon would tell you, that can be fickle.”
10. Oklo Inc. (NYSE:OKLO)
Number of Hedge Fund Holders In Q2 2025: 36
Oklo Inc. (NYSE:OKLO) reported its earnings for the third quarter yesterday. The results saw the firm report no revenue and a $29.7 million loss that was far steeper than the $18.2 million loss that analysts had pencilled in. Cramer’s co-host Carl Quintanilla outlined that the narrative around the quarter was still constructive after the report. As part of the release, Oklo Inc. (NYSE:OKLO) also outlined that it had received DOE approval for a project in Idaho, and its prototype production reactor should become functional by 2026. Cramer discussed Oklo Inc. (NYSE:OKLO) before and after the earnings:
“It does say that, when Oklo reports, and they report a not great number. You shouldn’t embrace it, just because it’s nuclear. I’ll take Mike Worth and Chevron and natural gas as a power for data centers.
“[After the earnings were released and 20 cent loss was wider than expected with the narrative around the quarter being constructive] Well, great opportunity to sell, that’s fantastic, I’m glad they said positive things, that’s nice. . .nuclear, we still haven’t seen, there’s a lot of big hat no cattle when it comes to nuke.”
9. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders In Q2 2025: 29
AI data center infrastructure provider CoreWeave, Inc. (NASDAQ:CRWV)’s earnings left Cramer with plenty to talk about. The firm’s fiscal third-quarter earnings saw its $1.36 billion in revenue beat analyst estimates. However, CoreWeave, Inc. (NASDAQ:CRWV)’s 2025 revenue guidance of $5.05 billion to $5.15 billion missed $5.29 billion in LSEG estimates. Here is what Cramer said about the firm:
“Now Lisa has more business than OpenAI, but I was quite stunned by what happened yesterday with CoreWeave, right here. Where, I thought Michael Intrator was clear, first when pressed that it’s not one site that there’s a problem with. It’s five sites. And I don’t want to hear that. I don’t want to hear glitches when we’re in the year of magical investing. It makes me say, maybe we’re in the era of profitable investing. That’s a switch for me.
“Because right now we don’t have enough [power], and when you listen to Intrator, remember it’s a two-fold issue, you got to build the power and then you got to also have the, you have to havve the building. If you don’t have the power, then you’re not going to go as fast as you’d like.
“[After Carl mentioned how Cramer asked Intrator why he was so confident about the money and then called Intrator out when the CEO pointed at OpenAI’s monthly active users] Well, I remember that. I was in the business of monthly active users in 1999 when TheStreet.com became public. We had more eyeballs than any ophthalmologist than there was in the country. . .we were ophthalmologists! I remember saying this stuff, I remember saying, then being pressed on it and saying, listen, right now everything is being measured by eyeballs. I was at a thousand person Goldman conference, and I said, listen, as long as it’s measured by eyeballs, we’re king. The moment it’s measured by profits, we’re dead. And things flipped within two months, when we came public and the stock went from 62 to two. It was the height of embarrassment. And I always said if we ever see that again, I’m going to call it out.
“So I’m seeing it and I can’t just say, well you know what, that was then, this is now. I’m not Michael Burry, whom I don’t know. I’m not going to short what Lisa Su’s saying. . .No, I think Lisa Su talked about the depreciation thesis same as you heard from Michael Intrator. . .look, OpenAI is a beast. They have to make the money, they have to. And I don’t want a deadstop.
“I did not like the CoreWeave interview, it was not an interview where I said, you know I feel great now.”
8. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders In Q2 2025: 106
Cramer often discusses industrial power generation equipment manufacturer GE Vernova Inc. (NYSE:GEV). He believes the firm is the best stock play when it comes to nuclear power plants. During this appearance, he mentioned the firm after his co-host mentioned a Morgan Stanley report outlining power shortfalls in the US by 2028. In its report, the bank’s analysts outlined that data centers could experience as much as a 20% shortfall in the US through 2028. Cramer discussed GE Vernova Inc. (NYSE:GEV) and the role that turbines play in the power ecosystem:
“Yeah it’s very hard when you have GE Vernonva, which is a big position for the trust, I want it to be much bigger. They make turbines. There’s not a lot of turbines being made. You need turbines to be able to convert. There are some states where there is still available power, the key here is going to be batteries. There’s going to be Elon Musk and whether we can store the stuff and use it at night.”
7. Oracle Corp (NYSE:ORCL)
Number of Hedge Fund Holders In Q2 2025: 124
Oracle Corp (NYSE:ORCL) is another frequent feature of Cramer’s morning show. Over the past couple of weeks, the CNBC TV host has discussed the firm’s agreements with OpenAI and pointed out that he’s worried about Oracle Corp (NYSE:ORCL)’s ability to find money for its plans. In this appearance, he discussed the firm’s remaining performance obligations. The term roughly represents the money that Oracle Corp (NYSE:ORCL) expects to earn in the future. Cramer discussed the firm’s relationship with OpenAI and Sam Altman’s recent comments about short sellers:
“I keep looking at that remaining performance obligation, very tricky term, but how much Oracle’s got basically in the bank from OpenAI. And that triggered this next wave. And OpenAI, Sam Altman, had all the characteristics that I saw of a very boisterous info space people who are saying, you know, come on, short me. You don’t ever tell anyone I wish I were public that I could be shorted.”
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders In Q2 2025: 113
Cramer discussed GPU designer Advanced Micro Devices, Inc. (NASDAQ:AMD) ‘s role in the semiconductor industry and its CEO, Dr. Lisa Su:
“[After Carl Quintanilla pointed out Melius saying when AMD gave guidance on semi and network TAM in 23 it seemed cartoonish and it turned out to be right] I went out to dinner with Lisa Su when she was using a $400 billion number for 2030. She was very discounseled, people just didn’t believe her. She’s very different, they’re picks and shovels. They’re picks and shovels of this thing. Picks and shovels has made out in every single of the rushes. The gold rush, everything. And she’s real, but she’s playing with real money. Now I think Andrew correctly pushed her from the money from OpenAI.
“I do think that they have the orders, so does Jensen, Jensen Huang has the orders. You need the orders in order to be able to get to where we’re gonna go here. It’s just that we need the orders to be paid for. And I felt better that Lisa Su said, listen we’ve got orders that are going to be paid for. . .
“But, I will say, if you believe in any of this stuff, any of the hyperscalers, any of the spend, the line here’s going to NVIDIA. Not to Lisa Su. Lisa Su says that her next generation’s is as good as this current generation and I don’t doubt it, she looks at a lot of benchmarks before she would ever say that. But NVIDIA is still the one that has to work, it has to.. . .”
“No, I think that we were in a real funk yesterday. People, didn’t necessarily believe that Lisa Su, cause she’s connected, with OpenAI, would be able to get the numbers. But she acquitted herself with some very tough questions by the Squawk end. Incredibly well. And I think if you listen you’ll realize, wait a second, she’s well on her way to having some really big numbers. The trillion dollar figure suddenly seems very realistic. Now she does have this big step function, 27, 28, but you know I’ve been a believer in Lisa Su since the stock was at 5, I’m not backing away from that one.”
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
NVIDIA Corporation (NASDAQ:NVDA)’s AI GPUs rule the AI industry. In this appearance, Cramer discussed the orders for these chips. The orders are crucial for NVIDIA Corporation (NASDAQ:NVDA)’s valuation, and the CNBC TV host believes that there is more than enough demand for the chips:
“I do think that they have the orders, so does Jensen, Jensen Huang has the orders. You need the orders in order to be able to get to where we’re gonna go here. It’s just that we need the orders to be paid for. . .I know that Jensen Huang has a list of clients who’re willing to pay for anything, anything that was meant for China. And I think, I think you own NVIDIA, don’t trade it.”
“[On swings in NVDA stock despite the $5 trillion market cap] I think that it’s discouraging cause there’s so many stocks that are just kind of left in the dust. And that’s wagging the dog. But, I will say, if you believe in any of this stuff, any of the hyperscalers, any of the spend, the line here’s going to NVIDIA. Not to Lisa Su. . . .But NVIDIA is still the one that has to work, it has to. So I think the great hedge against all this, is be long NVIDIA, it really is. And the fact that it swings, well, I wish others were as big so it wouldn’t. It’s not happening, wer’re sticking with the same seven that are big. And that’s a little discouraging. Doesn’t mean that they’re wrong, does mean that you better get used to NVIDIA if it’s down a couple of bucks. It’s not a good day.”
4. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders In Q2 2025: 63
International Business Machines Corporation (NYSE:IBM) is a major player in the enterprise computing industry. For Cramer, the firm’s quantum computing division is particularly important. He has repeatedly asserted that International Business Machines Corporation (NYSE:IBM) is a top pick for those wishing to invest in quantum computing. In his recent episode of Mad Money filmed at the Harvard Business School, the CNBC TV host commented that he believes International Business Machines Corporation (NYSE:IBM)’s “got something that’s going to work in the next year or two.” He reiterated faith in quantum computing in this appearance as well:
“I’ve been saying that you gotta own IBM if you want to own quantum. It’s not expensive. Arvind Krishna, walked, the CEO, walked me through their quantum, it’s commercial. D-Wave is the only speculative one that I could actually count in this, but I even pressed Dr. Baratz and he said, listen, IBM’s got it.
“Arvind Krishna called me up basically he said listen I want to show you this. And it was very convincing. And by the way, he’s not a year of magical investing guy. He’s a serious, I mean do I like it that it’s called a loon? No because my ex-wife called me a loon.”
3. Rigetti Computing, Inc. (NASDAQ:RGTI)
Number of Hedge Fund Holders In Q2 2025: 17
Rigetti Computing, Inc. (NASDAQ:RGTI) is a quantum computing hardware company that makes products such as quantum processing units (QPUs). Cramer discussed the firm’s earnings and analyst action for the shares in detail:
“But you know they are managing to lose money at an incredible clip. And if that’s the goal, you gotta buy the heck out of that. Cause they may be the single biggest one that’s been disappointing so far. And yet the stock is up, I don’t know, where the stock is, we talked about the stock, look at the stock where it came from. And this is one where, I don’t know, no, it doesn’t fit, it doesn’t fit my, what I did, when we were in the year of magical investing, you know what, I’ll take any one of these, Rigi, Rigetoni, Rigi this, Rigi this, not any more. You cant, because they didn’t even do the numbers. They missed the numbers. Rather significantly, and we’re supposed to stick by Rigetti? They lowered, Benchmark lowered the target, 50 to 40. B. Riley, okay,you know it’s not Goldman, 42 down to 35, Neutral, Very big losses here, 1.9 million in revenue versus 2.17. Remember, million, not billion. . .but no, I don’t want to own Rigetti, that’s like, this is, what a great opportunity. You owned Rigetti the whole year. Suddenly you say, you know what, I’m gonna look up what Rigetti is, and after that I’m selling it. . .I’m seeing too many, this book tour’s really opened my eyes. There are a lot of people who are saying, you know, I made a lot of money off of your Rigetti recommendation. I’m like, yeah, no I didn’t recommend Rigetti. Oh yeah, on March 23rd you said Rigetti in the Lightning Round. Well, I’m not recommending Rigetti, okay, I’m not, period.”
2. Centene Corporation (NYSE:CNC)
Number of Hedge Fund Holders In Q2 2025: 59
Centene Corporation (NYSE:CNC), the healthcare benefits manager, factored into the discussion after Cramer’s co-host, Carl Quintanilla, commented on a report pointing out that two million people were likely to lose their healthcare over the coming year. This report was from the nonpartisan Congressional Budget Office, and here is what Cramer said:
“Right and you see, and I always use Centene as the benchmark, because it does so much Medicaid, that their people are taking their numbers down, betting that they wouldn’t be able to provide what they were providing. Michael Neidorff, the late Michael Neidorff, who ran Centene explained to me, the, what can happen if they are not given incentives to write in areas. And, there are places around the country that you may not know, where the deductible goes to 500,000. And people just have to say, I guess I just don’t have the money. And it’s a shame, again, Neidorff was the king of explaining how dangerous this could be for many states in the country.”
1. On Holding AG (NYSE:ONON)
Number of Hedge Fund Holders In Q2 2025: 42
Shoe retailer On Holding AG (NYSE:ONON) reported a blockbuster set of earnings yesterday after it raised its full-year guidance for the third time in a row. The results saw the firm post CHF794 million in revenue and CHF0.47 in earnings, both of which beat analyst estimates. On Holding AG (NYSE:ONON) also guided CHF2.98 billion (up from previous CHF2.91 billion) in full-year revenue, which beat estimates by a small margin. The short sellers of the stock have been on Cramer’s mind this year, as he posited in August that the firm would prevail. The shares are down 3% since then, but soared by 20% on Wednesday after the earnings. As he discussed the earnings, Cramer remarked that he’d expected the outperformance in the next quarter and commented on On Holding AG (NYSE:ONON)’s short sellers as well:
“On was just incredible. They’re basically doing the number I expected in like, next quarter. I’ve gotta tell you, those guys are so good, Hoffmann’s so good, no one seems to care. A lot of people shorted it. Big mistake.”
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