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.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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?”
10. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders In Q2 2025: 124
Oracle Corporation (NYSE:ORCL) has quietly become one of the most important stocks on Wall Street in the AI era. Its shares have gained 34% year-to-date primarily due to rigorous investments in data centers and the procurement of NVIDIA’s latest AI GPUs. Oracle Corporation (NYSE:ORCL) is a key part of President Trump’s Stargate AI initiative, and Cramer wondered whether Trump would use the firm’s example to ask other big tech companies to expand their US presence:
“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.
“And it wouldn’t be, the President could say, listen, Oracle is building data centers all over the place, what are you guys doing? When are you guys going to do what I want to see? Which is that I want real factories built here in America.”
9. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q2 2025: 273
Meta Platforms, Inc. (NASDAQ:META)’s CEO Mark Zuckerberg also attended the White House event. Zuckerberg’s troubles with Trump ahead of the first Trump administration were resolved rather quickly during the President’s second campaign. Cramer discussed how Trump might point out Zuckerberg’s flattery and ask him to build AI factories 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 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?”
8. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders In Q2 2025: 294
Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella and founder Bill Gates attended Trump’s White House event. After the event, the firm issued a statement sharing that it would promote initiatives to advance AI learning and use, particularly among students. However, Cramer wondered whether Trump could ask Microsoft Corporation (NASDAQ:MSFT) to 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.
“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?”
7. Martin Marietta Materials, Inc. (NYSE:MLM)
Number of Hedge Fund Holders In Q2 2025: 64
Martin Marietta Materials, Inc. (NYSE:MLM)’s shares have gained 21% year-to-date as the firm has benefited from deft business management despite factors such as weather problems affecting its business. The shares have also seen tailwinds from growing data center construction in the US. Cramer has recently discussed Martin Marietta Materials, Inc. (NYSE:MLM) quite a lot and pointed out that the firm might see additional tailwinds once home building activity in the US starts to pick up. Here is what he said about the firm:
“I had a company, I know this is going to, if David were here he’d say Jim, what the [omitted] are you talking about? But I had Martin Marietta Materials on last night, they are one of the largest aggregate companies, and they’re putting up, they’re the guys you need for under the data center, the cement.”
The CNBC TV host had discussed Martin Marietta Materials, Inc. (NYSE:MLM) his previous night’s appearance on Mad Money:
“Okay, what’s going on with the stock of Martin Marietta Materials… Over the past few years, this company’s been a big beneficiary of federal infrastructure spending, and there’s still a lot of money left in Biden’s old infrastructure package. I had no idea until I read its deck. They had a big analyst meeting today. The last quarter was solid, too, and the stock’s up a quick 38% from April lows.”
6. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders In Q2 2025: 121
Salesforce, Inc. (NYSE:CRM)’s shares dipped by 4.9% after the firm’s midpoint third-quarter revenue guidance of $10.265 billion missed analyst estimates of $10.29. Growth is the holy grail of software stocks, and investors often heavily punish them. Cramer had a lot to say about Salesforce, Inc. (NYSE:CRM) after the earnings:
“[On whether he was happy with the full year sales guide] Okay, no. Because I like double digit, I like to see blowout. Marc was saying, last quarter that he could do nine, he ended up doing 11. Last quarter, the quarter was announced was actually great. Okay so let’s put that, there were no disappointments, not in any of the other silos besides, what we’re talking about with agentics. What people are scared about here is that Amazon could come in, there’s actually a story that Amazon may come in agentics AI, which is just something that’s moving Amazon, I’m using that as kind of a metaphor, but, Marc’s company’s under attack here on Wall Street. People feel that what’s happening is that he has this business where he charges per seat for customers, and he’s demonstrated that he was able to lose four thousand people which therefore if you were just imagining that was a customer then that’s four thousand people that you don’t have to pay for.
“So it’s almost like it’s like a cannibalization. I’m also hearing that you don’t understand that AI, and software, are, but AI is killing Marc and that what’s happening is that others are doing what he’s doing. I came out and said, I was doing shadow boxing against the numbers, because I’m doing it, I’m doing the interview while the stock is falling, and I’m saying, well listen but Marc, was it the, was it the cash flow? Hold it Marc, was it the margins? Wait, Marc, was it the continuing remaining performance, and I ended up, I was the one on paper hanger last night because I’m like, holy cow, this thing, I’ve seen this thing come back and I think that Marc is so proud, he’s got the Williams-Sonoma, that’s a very big account, that’s Laura Alber, she’s incredibly smart, he’s got a bunch of other accounts that are doing great things. Steve Huffman at Reddit, he’s so good. But boy, the people weren’t buying it. People feel that this is a company that is under siege. I cannot just write off Marc Benioff like that. I can’t!
“By the way, just so you know the confusion of my interview. Marc was looking about how he made projections and he beats projections. I was looking about how Wall Street had projections and he didn’t beat those. And that I thought that that was going to control the stock. That did, but I, candidly, I mean I was using a, I was using a remaining performance obligation number that was not as right as I should have. I said not as right because there’s so much subjectivity. But what you’re seeing is the street saying Marc did not beat our numbers, and software is being eaten by AI and it doesn’t matter that the agentics program has is, is going to be great. His company is paid by the seat, there are fewer people who work at these companies. But then you come back, the consumption, this is the consumption model which is different from a seat model, it’s a big mess. It comes back to people saying, we don’t believe, that a company, like a software-as-a-service company in this new world can do well, because it’s too easy to make programs.”
5. Williams-Sonoma, Inc. (NYSE:WSM)
Number of Hedge Fund Holders In Q2 2025: 50
Cramer has started frequently discussing Williams-Sonoma, Inc. (NYSE:WSM) lately. The shares have gained 8% year-to-date despite somewhat of a slump in the retail and home building industries. The CNBC TV host believes that while Williams-Sonoma, Inc. (NYSE:WSM) CEO Laura Alber is doing her best to keep prices low, sellers of the stock are creating unnecessary pessimism for the stock. This time, he outlined that Williams-Sonoma, Inc. (NYSE:WSM) is using Salesforce:
“I was the one on paper hanger last night because I’m like, holy cow, this thing, I’ve seen this thing come back and I think that Marc [Marc Benioff] is so proud, he’s got the Williams-Sonoma, that’s a very big account, that’s Laura Alber, she’s incredibly smart, he’s got a bunch of other accounts that are doing great things.”
Here are his previous thoughts about Williams-Sonoma, Inc. (NYSE:WSM):
“So when you get what looks like a surprisingly good quarter from Williams-Sonoma… and you look under the hood at what prices could be coming, sellers suddenly materialize and knock these stocks right down. It’s painful to watch Williams-Sonoma get dinged. See how Laura Alber’s doing Yeoman’s work trying to keep prices down.
“In the end, though, she’s got a double whammy tariff issue: the current import from overseas and then the president’s attempt to put additional tariffs on imported furniture to bring back our own domestic manufacturers. Now, on the conference call, Alber made the point that some furniture just can’t be made here because we no longer have the capacity. She’s thinking about some of the cheaper Asian products, but the market doesn’t care about any of that.”
4. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders In Q2 2025: 74
Reddit, Inc. (NYSE:RDDT) is one of Cramer’s favorite stocks. He believes that the firm’s treasure trove of user data places it in a great position to benefit from AI software firms’ demand for training data. Reddit, Inc. (NYSE:RDDT)’s shares have gained 39% year-to-date, primarily on the back of a massive 39% surge in late July and early August. The shares soared after the firm delivered an unbelievable 78% revenue growth in its second quarter. Cramer was full of praise for Reddit, Inc. (NYSE:RDDT)s CEO Steve Huffman and revealed that the firm was using Salesforce:
“I was the one on paper hanger last night because I’m like, holy cow, this thing, I’ve seen this thing come back and I think that Marc is so proud. . .he’s got a bunch of other accounts that are doing great things. Steve Huffman at Reddit, he’s so good.”
Previously, Cramer discussed Reddit, Inc. (NYSE:RDDT)’s stock price:
“Okay, Steve Huffman is the most self-effacing of great CEOs of this generation. I like the stock so much. I thought it would come in, so I could buy it for the Charitable Trust… It hasn’t, it’s down five today. I do believe, I thought I could get it at 180, 170… Hold on to the stock. It’s a winner.”
3. The Gap, Inc. (NYSE:GAP)
Number of Hedge Fund Holders In Q2 2025: 44
Thursday was an interesting day for The Gap, Inc. (NYSE:GAP)’s shares as they were briefly halted for trading. However, they closed the day 5.9% higher after the firm announced a push into cosmetics and accessories. Cramer discussed the halt and his conversation with the CEO while trading was frozen:
“[On a halt in shares] I just had Richard Dickson on last week. He was fantastic. I thought he had great, the stock went from 22 down to 20 and then came back to 22. Because he really did have a good quarter, let’s see, Dickson’s been, Dickson just changed [inaudible] person who was in Athleta, because that division was down 11%. But he had very good Banana Republic. I think there are people who feel like the turnaround has stalled, I’m not buying that I think that he continues to push and push. Not as great as Macy’s, which was fabulous.
“I’m a big believer that this is a longer-term turn, and that Dickson is doing the right thing. Stock did fall from 28 to 21. There was very big dispirited action after the company reported because there was a belief that he really missed. And you know he missed the, there’s a, it’s a lot of moving parts to GAP. Lot of moving parts. Don’t know what’s going on.
“. . uh, you know here’s what he’s [Dickson] saying to me, I’m literally walking, he’s walking [inaudible] the station to Goldman, going to have his team get in touch, but it’s a presentation about to be made and he had to get ahead of it. Ahead of the Goldman presentation. And I think that’s really important. People have to recognize, a lot of news being made at these things.
“I mean look, GAP, I mean now GAP is up 10% from where Richard Dickson allegedly had a not great quarter because he introduces cosmetics stop trading at a conference. And I just think that people are excited if there’s something exciting about retail, then people are buying.”
2. Macy’s, Inc. (NYSE:M)
Number of Hedge Fund Holders In Q2 2025: 36
Macy’s, Inc. (NYSE:M)’s stock stunned everyone this month after it gained a whopping 27.8% following the firm’s latest earnings report, which saw same-store sales grow for the first time since 2022. The gain effectively reversed the stock’s 20% year-to-date losses. Naturally, Cramer had a lot to say about Macy’s, Inc. (NYSE:M):
“Not as great as Macy’s, which was fabulous.
“I do think that we have to talk Macy’s. There are three analysts who talked about it today. And one of them went from six to six and half on the price . . .I mean, what is that?
“But this company has got, even the credit card has turned. What they’ve done is finally closed all the underperforming Macy’s, Bloomindale is doing amazing, Blue Mercury is doing amazing. I think the assortment is what’s important, it’s very differentiated, and mainly, there’s no inventory overhang. How many times we’ve gone over the holiday season, where Macy’s has too much inventory and they use the word promotional? Tony Spring was saying, bring it on, we’re ready. This is big. Analysts don’t believe him. Analysts don’t believe him.
“I think you’re going to see nice seasonal increase and I say that because one of the things that I said to Tony was, what is happening? There’s service. When you go to Bloomy’s there’s service, by the way his points system is extraordinary, people are really loving it. And he said, we’re hiring, we’re hiring. And it’s not holiday season yet. I was very impressed with them. . .But I think that the analysts have to start catching up. Macy’s even online was very good. You know there was a time when Macy’s was a growth stock, it can happen again. It can happen again.”
1. Signet Jewelers Limited (NYSE:SIG)
Number of Hedge Fund Holders In Q2 2025: 36
Signet Jewelers Limited (NYSE:SIG)’s shares have gained 16% year-to-date and have gained 20% since early August. The stock has benefited from strong earnings performance and limited exposure to tariffs. Cramer’s previous comments about the firm have raised questions about how long the momentum from its strong second-quarter earnings could last, and outlined that broader market bearishness has affected the shares. Here are his latest thoughts about Signet Jewelers Limited (NYSE:SIG):
“I was also impressed with Signet, with Jared and Kay. People weren’t really buying that, I think they should have.
“Yeah and I do think that we’re at this moment where suddenly, if you have some celebrity, I mean look at Signet. Signet was saying, when you have Kelsey proposing, that spikes diamonds.”
The CNBC TV host previously discussed Signet Jewelers Limited (NYSE:SIG)’s recent performance:
“Alright, what managed to rally in spite of today’s overall ugly tape? How about Signet Jewelers, the parent of Kay Jewelers, Zales, and Jared? This morning, Signet reported a healthy revenue beat and an enormous earnings beat, management raising their full-year forecast. We like this. Now, you know, I’ve been keeping track of this one for a long time, often speaking with former CEO Gina Drosos… She stepped down in November.”
While we acknowledge the potential of SIG 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 SIG 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.
