In this piece, we will look at the stocks Jim Cramer recently discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer discussed Elon Musk’s absence at President Trump’s AI Summit at the White House. The summit saw CEOs of all major technology companies and Sam Altman gather at the White House to meet with the President. Cramer remarked that Musk is perhaps the most important technology CEO in the US:
“Yeah, also, you know when you talk about autonomous driving, when we talk about supercomputer, when we speak about anything involving the state of where we are as a nation in business, he tends to be someone that people want to know what he’s thinking.”
The conversation then shifted to the President’s attempts at increasing American production. Cramer posited that CEOs he had talked to were not doing enough to meet Trump’s demands:
“When I ask CEOs now, what are they doing to build in America? You hear, well you know we have a factory in Texas. But how about, where’s all the other stuff made? Or, we’re putting something in Arizona. I think what the President wants is shovels, he needs to see shovels.”
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.
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12. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q2 2025: 156
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook was one of the executives who attended the White House AI event. Cramer commented that the President might use the firm’s $600 billion US investment package to point out to other attendees that their efforts to bring back manufacturing to America might be insufficient:
“But these other people, these are the people that are the, it’s the Magnificent 6 down there. We’ve got the powerhouses that have all committed to doing more. I’d like to see if everyone’s going to make commitments like the way Tim Cook has. Who has put up, you know, the $600 billion over the four years. It’s incredible. I think this is, you know this is kind of what the administration [inaudible] initially was telling me. Which is that, it won’t be like Biden, who would never have these people. It’s going to be the opposite. These are the people who know more, and we’re going to have them in.
“But this is a very different time. I expect something consequential to come out of this. I just can’t even figure out what it’ll be.
“I think it’s entirely possible, that, the President could say, Tim Cook, has done X. What have you guys done? What have you guys done? Like Mark Zuckerberg, you went on and on about how you liked me, but where’s your AI factory?
“It would be like, okay, Tim’s done X, what have you done for your country? You know ask not what your country’s done for you, JFK, RFK, whatever, I don’t know. . .”
Cramer then switched to discussing analyst sentiment surrounding Apple Inc. (NASDAQ:AAPL):
“But the long knives were out for Apple until a couple of weeks ago and now we’re starting to hear that Apple’s got pricing power with the phones. We’re starting to hear that Apple’s doing better on the 17. Apple, Moffett Nathanson, they had a Sell, they went to a Hold. They had dug their heels plus I actually like those guys so I don’t want to. . .
“[On UBS saying App Store revenue was up 11% in August] Yeah instead of 13, but UBS has dug in their heels and, I like UBS but I wouldn’t go with it. I’d go with Morgan Stanley today.
“[On Morgan Stanley saying Apple will raise iPhone prices] Remember just a few weeks ago we heard that they might not have any pricing power. It looks like they have plenty of pricing power. They’re still by the way, in the high double digit, 17, 19, versus, Alphabet. I did feel by the way that yesterday was a big capitulation day, for the bears. I just don’t think they have the horses. Yeah I don’t think they have the horses, I think that, I keep hearing well Apple’s still, expensive. Look, Apple has the world in their oyster right now. . .they’re still going to get their checks, from Alphabet courtesy of a judge who thinks if they don’t then then Google will be even stronger. But now, you got 2.2 billion devices, if you can preload those with Anthropic, which I don’t think is going to get it, then suddenly Anthropic is the only one you and I are going to be talking about. I mean right now, I do think that what’s on the line is people want, you’re looking for deals with the New York Times, you’re looking for Wall Street Journal’s deal, but we want to start scraping stuff that’s more authoritative. Whoever buys the Apple contract will have to pay a huge amount of money. Is going to be the de facto winner. Is. going to make deals with everybody and we’re not going to get such. . .”
11. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q2 2025: 219
Alphabet Inc. (NASDAQ:GOOGL)’s CEO, Sundar Pichai, also attended the summit. The CEO came fresh off the heels of a major court victory, which not only allowed it to pay Apple to make its search engine the default on the iPhone but also saved it from selling its Chrome web browser. Cramer discussed Alphabet Inc. (NASDAQ:GOOGL)’s antitrust lawsuit and wondered if the President could cite Apple as an example to make the firm invest more in the US:
“But these other people, these are the people that are the, it’s the Magnificent 6 down there. We’ve got the powerhouses that have all committed to doing more. I’d like to see if everyone’s going to make commitments like the way Tim Cook has. Who has put up, you know, the $600 billion over the four years. It’s incredible. I think this is, you know this is kind of what the administration [inaudible] initially was telling me. Which is that, it won’t be like Biden, who would never have these people. It’s going to be the opposite. These are the people who know more, and we’re going to have them in. Obviously the President’s talking about, the administration’s talking about how they don’t think that the lawsuit was too much of a victory for the government. Remember this is the lawsuit for Meta against Google and that they’re not happy with it. But the only way you can say you’re not happy, really is, appeal. But that’s, these people are not. I mean I don’t know there’s Sundar Pichai, maybe he says to them, you know what, I’m not happy with the lawsuit, I’m not happy with the verdict. That’s so unusual. It’s so unusual to have a President say that to someone that, kind of just beat the government.
“But this is a very different time. I expect something consequential to come out of this. I just can’t even figure out what it’ll be.
“I think it’s entirely possible, that, the President could say, Tim Cook, has done X. What have you guys done? What have you guys done? Like Mark Zuckerberg, you went on and on about how you liked me, but where’s your AI factory?”
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