In this piece, we will look at the stocks Jim Cramer discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the government shutdown and air traffic controllers. His remarks came before legislation to end the shutdown cleared the Senate, and the CNBC TV host warned that if the flight delays persisted, then the Thanksgiving Holiday could be affected:
“Well we said last year, the end, the shutdown ended because of flying and not enough air traffic controllers. Well, having been caught in the chaos where you’re supposed to leave the airport at nine, and it turns out to be a.m. and you’re on a red eye, this is not going to stand. There’s just too many people, Thanksgiving will not occur. If you’re trying to fly to an airport, David don’t pay any attention to when it’s going to leave or when it’s going to land.”
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 10th.
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).
12. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
Cramer started the show by discussing AI chip giant NVIDIA Corporation (NASDAQ:NVDA). He discussed a note by Melius Research’s Ben Retizes that reiterated a Buy rating and a $300 price target. Cramer also mentioned Citi’s coverage that the growth in demand for AI workloads was leading to expansion in the cloud businesses of big tech companies:
“Right and I know that, Melius, that, uh, I got to tell you, Ben Reitzes has a piece which talks about why you should stay in. There’s a terrific piece by Citi obviously we’re going ahead, we’re going toward the earnings. I mean David, is it the key stock of this market? I would say that, AI which doesn’t exist, OpenAI is the key. And Sam Altman turns out to be, I would say the chief villain of this market. If you see, if you go into a bear market, if you go into a big decline, it because of that one person. Because there isn’t anything they say that’s any good anymore.
“I just think that NVIDIA turned out to be the stock that the institutions did not crave because he was a gamer but individuals listened. And I can. . how foolish were they, the multiple was really high. I don’t want to pass judgement on the individual they’ve done a lot better than the institution.”
11. Pfizer Inc. (NYSE:PFE)
Number of Hedge Fund Holders In Q2 2025: 83
Jim Cramer has discussed pharma giant Pfizer Inc. (NYSE:PFE) several times recently. He has repeatedly commented on how the stock trades more like a bond rather than an equity due to its 7% dividend yield. In this appearance, he asked CEO Albert Bourla his opinion about the stale trading activity. In response, Bourla outlined that he agreed with Cramer that the stock was undervalued and his company had addressed concerns, including high tariffs, too much COVID revenue, and the firm’s strategy to address the weight loss drug market. Bourla added that the loss of exclusivity of Pfizer Inc. (NYSE:PFE)’s drugs was also a key concern, and his firm is working on it. As part of his question, Cramer also opined on Pfizer Inc. (NYSE:PFE)’s stock:
“Alright, so, Dr., I’m gonna ask a simple question, I know that you don’t control the stock market, [inaudible] but I thought the quarter was good that you just announced, and I thought for sure the stock would move up. What is it, do you think, that is keeping the stock at a 7% yield with a great balance sheet and a lot of stuff in the pipe? I find it unfathomable that your stock is still where it is.”
10. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders In Q2 2025: 29
CoreWeave, Inc. (NASDAQ:CRWV) is a computing infrastructure firm that hosts GPUs and other hardware for AI software companies. Its inventory of NVIDIA GPUs has made the firm a key player in the ecosystem, and Cramer discussed CoreWeave, Inc. (NASDAQ:CRWV)’s upcoming earnings:
“There’s one indebted company we don’t talk enough about, and that’s called Entrator. Oops. It’s actually called CoreWeave. Michael Entrator is from the Bitcoin world, he’s also from the Wall Street world. He has borrowed a lot of money as you know. In order to be the king of data centers. Jensen Huang thinks he is. . .but he reports tomorrow. We are so fortunate to have him, because, if he blows it out then I think people say, well wait a second, maybe it’s okay to take down debt. And if he doesn’t, you know, I don’t know if you heard Albert [Bourla] talk about what I said if Pfizer, the deal doesn’t work, because of loss of exclusivity. . .yeah, well, similar situation with Michael. This one has to work. Because people feel he’s taking down too much debt, maybe [inaudible], I don’t think so.
“Well at 40 it was a good debate [whether the debt is too high], at 110, I don’t know. But it does matter. We have the most important debts of all.”
9. Diageo plc (NYSE:DEO)
Number of Hedge Fund Holders In Q2 2025: 35
After co-host Carl Quintanilla mentioned alcoholic beverages firm Diageo plc (NYSE:DEO), it was unsurprising that Cramer wasn’t optimistic about the firm. The CNBC TV host has repeatedly discussed the troubles in the alcoholic beverage industry in 2025, and in this appearance, he commented that no matter which CEO Diageo plc (NYSE:DEO) brought on board, it was unlikely to change the firm’s fortune. Cramer was commenting on the firm’s decision to appoint Sir Dave Lewis as its CEO:
“They got the CEO of, Tesco. They could have anybody in the world, it doesn’t matter. Liquor’s the most challenged product in the world. There isn’t anything that is going right in the liquor business right now. Even agave spirits are down because of the additives which, Don Julio was down so badly I couldn’t believe it. It was like, I mean they suddenly decided to make a paint thinner. So I don’t really care who runs Diageo, it just, unfortunately right now, doesn’t matter.”
8. Applied Materials Inc (NASDAQ:AMAT)
Number of Hedge Fund Holders In Q2 2025: 81
Applied Materials Inc (NASDAQ:AMAT) is a key company in the semiconductor supply chain, as its machines enable chip manufacturers throughout the production process. Cramer discussed the firm’s role in the evolving high-bandwidth memory industry. HBM chips are just as important as AI GPUs since they enable computers to store and transfer data at high speeds to the main chip. Cramer believes that even though Applied Materials Inc (NASDAQ:AMAT)’s shares have gained 43% year-to-date, high HBM demand could prove beneficial for the shares:
“Of those, I think the one that is very exciting to me, uh, is AMAT. When you look at say, uh, let’s say you do . . .AMAT. These were companies, no one thought there would be such a huge rush to have most high bandwidth memory. . . And that’s these companies. You need them. So I think that AMAT’s going to be absolutely, I think it could be terrific, even from these levels.”
7. Lam Research Corporation (NASDAQ:LRCX)
Number of Hedge Fund Holders In Q2 2025: 85
Lam Research Corporation (NASDAQ:LRCX) also makes and sells equipment used in semiconductor fabrication. Due to the booming demand for chips, Cramer is quite optimistic about the firm. In an earlier appearance, he commented that Lam Research Corporation (NASDAQ:LRCX)’s shares might still be worth buying despite experiencing a 65% parabolic move. In this appearance, he discussed the firm in the context of high demand for high-bandwidth memory chips. These chips are used alongside GPUs for AI processing, and here is what Cramer said about Lam Research Corporation (NASDAQ:LRCX):
“When you look at say, uh, let’s say you do Lam Research. . .These were companies, no one thought there would be such a huge rush to have most high bandwidth memory. . .And that’s these companies. You need them.
“Look, Lam Research is working 24/7 to make the machines that make high bandwidth memory. And the storage capabilities are just not there for what we’re trying to do. . .well Lam’s a growth company. . .”
Here is what Cramer said about Lam Research Corporation (NASDAQ:LRCX) on September 15th:
“Yeah, someone downgraded Lam Research the other day, and I said, are you out of your mind? That’s the chief intellectual property of semiconductor capital equipment. I think it is still a buy even though it just had this parabolic move, up 65%. Do not sell it. Be a buyer.”
6. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders In Q2 2025: 94
Micron Technology, Inc. (NASDAQ:MU) is one of Cramer’s top stocks in the semiconductor space, and not only because of its high bandwidth memory (HBM) chips. The CNBC TV host has repeatedly remarked that the firm’s CEO, Sanjay Mehrotra, is too modest for his own good. Additionally, after chip giant Intel reported its latest earnings, Cramer pointed out that Micron Technology, Inc. (NASDAQ:MU) could benefit from Intel CFO David Zinsner’s comments about a CPU shortage. As for the HBM, Micron Technology, Inc. (NASDAQ:MU) is the only American company capable of manufacturing the chips that are integral to AI GPU performance. Cramer mentioned the importance of HBM and remarked that the importance of HBM in the AI chip rush had skipped most observers’ attention:
“These were companies, no one thought there would be such a huge rush to have most high bandwidth memory. That’s why Micron goes up all the time. And that’s these companies. You need them.
“Micron is a growth company and they have high bandwidth memory and it’s doing quite well.”
5. Western Digital Corporation (NASDAQ:WDC)
Number of Hedge Fund Holders In Q2 2025: 74
Western Digital Corporation (NASDAQ:WDC) is a computer storage company. Like its peers, Sandisk and Seagate, Cramer has discussed the firm several times this year. The CNBC TV host has remarked that after Intel CFO’s remarks of a shortage in the PC market, Western Digital Corporation (NASDAQ:WDC) can benefit from more sales. He has also commented on the firm’s valuation and sardonically remarked that it has taken Western Digital Corporation (NASDAQ:WDC) 30 years to be appreciated by the market. In this appearance, he continued to marvel at the changed sentiment surrounding the firm:
“Yeah, TSM already, obviously people are saying it’s not that good. Before we had the, looks like the shutdown’s going to end. I continue to believe this move. . .in Western Digital. . .These are the biggest gainers in the S&P is remarkable. But no one seemed to think we would ever have this much need for storage again. But you have PCs working, you have racks working, and then of course you have the data center. David, these companies were left for dead years ago. Look at them. Will you look at them? . . .these companies are not growth companies. . .Western Digital. . .they’re not growth companies. . .I’m not interested in taking them all the way up.”
4. Seagate Technology Holdings plc (NASDAQ:STX)
Number of Hedge Fund Holders In Q2 2025: 71
Seagate Technology Holdings plc (NASDAQ:STX) makes and sells storage devices used in personal and enterprise computing systems. Cramer’s previous comments about the firm have discussed the firm’s share price movement and postulated that the upward momentum might be due to the shortage. In this appearance, he discussed Seagate Technology Holdings plc (NASDAQ:STX) and the high demand for storage devices:
“Yeah, TSM already, obviously people are saying it’s not that good. Before we had the, looks like the shutdown’s going to end. I continue to believe this move. . .in Seagate. These are the biggest gainers in the S&P is remarkable. But no one seemed to think we would ever have this much need for storage again. But you have PCs working, you have racks working, and then of course you have the data center. David, these companies were left for dead years ago. Look at them. Will you look at them? . . .these companies are not growth companies. . . .Seagate’s not a growth company. I’m not interested in taking them all the way up.”
3. Sandisk Corporation (NASDAQ:SNDK)
Number of Hedge Fund Holders In Q2 2025: 49
Sandisk Corporation (NASDAQ:SNDK) was the third computer storage company Cramer discussed in this show. His previous comments about the firm have pointed out a parabolic move in the shares and hesitated about recommending the shares. This time, he discussed Sandisk Corporation (NASDAQ:SNDK) in the context of the demand for storage devices:
“Yeah, TSM already, obviously people are saying it’s not that good. Before we had the, looks like the shutdown’s going to end. I continue to believe this move in Sandisk. . .These are the biggest gainers in the S&P is remarkable. But no one seemed to think we would ever have this much need for storage again. But you have PCs working, you have racks working, and then of course you have the data center. David, these companies were left for dead years ago. Look at them. Will you look at them? . . .these companies are not growth companies. . .Sandisk, they’re not growth companies. . .I’m not interested in taking them all the way up.”
2. PG&E Corporation (NYSE:PCG)
Number of Hedge Fund Holders In Q2 2025: 77
PG&E Corporation (NYSE:PCG) is one of the more interesting stocks on Jim Cramer’s radar. In a morning appearance on October 20th, the CNBC TV host turned the argument of power shortage for AI compute on its head when he commented that PG&E Corporation (NYSE:PCG)’s CEO, Patty Poppe, had told him that the problem didn’t lie with power supply but with load balancing. Naturally, as the discussion shifted to AI power demand, Cramer mentioned PG&E Corporation (NYSE:PCG):
“[On how some data centers were just sitting without any power] Okay, so, I don’t know, Patty Poppe told me that they have more than enough, Pacific Gas & Electric, they have more than enough power. They have enough power to be able to power so many more data centers. So what these guys ought to do, is figure out how to hook into that. I don’t know. I mean all I’m seeing is, I mean Sweden is going back to nuclear power, nuclear power is so important right now. There’s a division of, of Honeywell that was spun off.”
1. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders In Q2 2025: 106
Power generation equipment manufacturer GE Vernova Inc. (NYSE:GEV) is one of Cramer’s top plays in the nuclear power industry. He has discussed nuclear stocks, such as Oklo, several times over the past couple of months and asserted that GE Vernova Inc. (NYSE:GEV) remains the strongest play in nuclear power. Cramer holds this opinion due to the firm’s building activities, and in this appearance, he outlined that GE Vernova Inc. (NYSE:GEV) believes nuclear plants could be brought online in 2029:
“[After David Faber pointed out that nuclear power plants will take a long time to come online] People talking about moving that up. . .GE Vernova is talking about 2029 . . .people are talking about the TVA.”
In a Mad Money appearance on October 24th, Cramer pointed out another area where GE Vernova Inc. (NYSE:GEV) could benefit:
“Now, here’s one that’s… kind of fallen off, that people are a little down on right now, I think it’s wrong, GE Vernova. It’s supply-constrained with its power equipment. They make giant turbines that burn natural gas, the principal energy source powering the data center. I think both GE Vernova and Boeing will be winners. One of the reasons is because they can make machines that cost up to a hundred million dollars a piece. Ordering these big-ticket items is the easiest way for our trading partners to ingratiate themselves with President Trump, short of, you know, like some sort of like bribery or something. Those orders go a long way toward closing any trade deficit.”
While we acknowledge the potential of GEV 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 GEV and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
