In this piece, we will look at the stocks that Jim Cramer discussed.
In a series of tweets, Jim Cramer continues to discuss the private equity sector and its involvement with software-as-a-service (SaaS) companies. SaaS companies have come under investor scrutiny in today’s AI race as the new technology expands the avenues available for coding software. Cramer tweeted that when he analyzed private equity portfolios, he wondered why they included firms that were vulnerable to AI’s disruption:
“When i look at the portfolios of these private equity people i see the dregs of the deals that Thoma Bravo bought.. the least defensible to AI’s clutches. Why couldn’t they have done more work…see further.”
These remarks were part of the CNBC TV host’s recent thoughts on the matter. He further elaborated to explain what the private equity firms should have done instead:
“Some are asking me what i really want to hear from these private credit-private equity folks. The answer is NOTHING. I just want to see real institutions come in and want to buy your stuff at a discount that’s realistic. I am not buying this par stuff.”
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 February 19th and tweeted about. We also provided hedge fund sentiment for each stock as of the third quarter of 2025, which was taken from Insider Monkey’s database of 978 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12. Advanced Micro Devices Inc. (NASDAQ:AMD)
Number of Hedge Fund Holdings: 115
Chip designer Advanced Micro Devices Inc. (NASDAQ:AMD)’s shares are up by 105% over the past year and down by 4% year-to-date. February has been a tough month for the stock as it closed 17% lower on the 4th after the firm’s fourth quarter earnings. On the same day, Baird discussed Advanced Micro Devices Inc. (NASDAQ:AMD)’s shares. It kept an Outperform rating and a $300 share price target. Some factors that the financial firm pointed out were tailwinds from AI demand and accelerated sales of AI CPUs based on the x86 microarchitecture. More recently, Evercore ISI also commented on Advanced Micro Devices Inc. (NASDAQ:AMD) as it raised the share price target to $358 from $328 and kept an Outperform rating. Evercore’s coverage came after the chip designer entered into a new deal with social media giant Meta. Through the $60 billion deal, Meta will buy Advanced Micro Devices Inc. (NASDAQ:AMD)’s GPUs and CPUs after entering into a similar arrangement with NVIDIA. Following the deal, Cramer praised the firm’s CEO in a tweet:
“Ardor for NVDA not diminished buy i continue to be impressed with Lisa Su’s transformation of AMD as the greatest turnaround perhaps in history other Jobs/Apple”
11. The Home Depot Inc. (NYSE:HD)
Number of Hedge Fund Holdings: 104
Home improvement retailer The Home Depot Inc. (NYSE:HD)’s shares are down by 2.2% over the past year and are up by 11% year-to-date. Bernstein discussed the firm on February 18th. It raised the share price target to $381 from $362 and kept a Market Perform rating. The action came before The Home Depot Inc. (NYSE:HD)’s fiscal fourth quarter earnings report. Bernstein outlined that it was sticking with caution when it came to same-store sales growth due to a snowstorm that it believed could affect the results. The Home Depot Inc. (NYSE:HD)’s earnings saw it report $38.20 billion in revenue and $2.72 in earnings per share to beat analyst estimates of $38.12 billion and $2.54. During the quarter, the firm’s same-store sales grew by 0.4%. The Home Depot Inc. (NYSE:HD)’s peers, Builders FirstSource and Floor & Decor posted growth drops in their latest results. The former’s core organic net sales dipped by 13% while the latter’s same-store sales dropped by 4.8%. Cramer continued to defend The Home Depot Inc. (NYSE:HD) after the earnings:
“We own Home Depot for the trust. I was looking for a cut in estimates and negative comps. We did better. Those who are selling it, what is your edge? You worried about that forecast which is always conservative? Tell me what you know? Why you are selling? I would love to hear.”
10. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holdings: 256
Social media giant Meta Platforms, Inc. (NASDAQ:META)’s shares are down by 1.8% over the past year and flat year to date. Citizens Financial discussed the firm on February 10th as it kept a Market Outperform rating and a $900 share price target. The firm remarked that Meta Platforms, Inc. (NASDAQ:META) was benefiting from a growth in Instagram engagement as global time spent on the application had increased by 18% and US usage had jumped by 16% for six months. DBS reiterated a Buy rating and a $1,000 share price target. Last week, a report also surfaced to suggest that Meta Platforms, Inc. (NASDAQ:META) was preparing to spend a whopping $65 million for lobbying efforts in the upcoming US midterm elections. Its efforts are directed towards promoting AI-friendly legislation, and they came to light as CEO Mark Zuckerberg struggled to defend against claims in court regarding young users and social media addiction. Cramer commented on the election spending:
“[Efforts to invest in the mid terms highest in 20 years] It’s about time. I mean I think these companies they’re playing with fire. There was a big piece in the FT, about how all over the world, they’re trying to get kids to not read Instagram. I think they’ll fail. It’s kind of like when you tell your kids, I don’t want you drinking, and they’re like, wow, I got to think about drinking. I mean you can’t ban it for heaven’s stake. But I think that it’s always good. I think that they have not had the kind of influence that you’d like in Washington I think they’re getting smarter. They’re no longer arrogant either. I mean that is not, smart. Not a reason to buy Meta, not a reason. You need to see E.P.S.”
9. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holdings: 166
Consumer electronics giant Apple Inc. (NASDAQ:AAPL) is the only mega-cap technology firm that hasn’t massively invested in AI infrastructure. The absence of AI investment hasn’t gone unnoticed on either Cramer’s or Wall Street’s radar. While investors and analysts hold a mixed view, the CNBC TV host believes that Apple Inc. (NASDAQ:AAPL) has pulled off a masterstroke by choosing to work with Google instead. Wedbush discussed the shares on February 17th. It kept an Outperform rating and a $350 share price target. The financial firm explained that investors were worried about delays in Apple Inc. (NASDAQ:AAPL)’s AI features and the firm’s overall AI direction. Yet, Wedbush asserted that the pullback in the shares was unjustified. The shares are up by 10% over the past year and are flat year-to-date. Evercore ISI reiterated a $330 share price target and an Outperform rating on February 11th. It outlined that the March launch of Apple Intelligence 2.0 could be delayed due to problems with tests. Cramer reasserted that Apple Inc. (NASDAQ:AAPL) had played the right card when it came to AI:
“Look Apple got the greatest free ride ever. They have the best, Gemini. . .”
8. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holdings: 66
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a cybersecurity company. Its shares are down by 6.3% over the past year and by 21% year-to-date. The stock tumbled last week after AI firm Anthropic announced a new cybersecurity tool to enable code scanning and rectification for vulnerabilities. Cramer has been a long-time proponent of the cybersecurity sector and has favored it since early 2025, as he believes that the growth in AI usage creates additional opportunities for these companies. HSBC discussed CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s shares on February 13th as it upgraded them to Buy from Hold and set a $446 share price target. Attractive valuation and AI growth played a role in the optimism, as HSBC pointed out that the firm enjoys competitive advantages over its peers and has extensively integrated artificial intelligence and machine learning into its platform. Additionally. HSBC pointed out that CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s lower margins meant that there was room for it to catch up with peers. Cramer remains a believer in the firm:
“But not hard for CrowdStrike. I mean CrowdStrike, the more agents you have, the more data that you have, the more you need CrowdStrike to defend that data. CrowdStrike gets on the Microsoft marketplace yesterday, they do a billion dollars in the Amazon marketplace. And no one says a thing about it. They have zero business on Microsoft. They’re gonna very quickly ramp up, and by the way, that’s money that you have with Microsoft, so you can say, listen, I want that allocated to CrowdStrike. . . CrowdStrike’s killing it.”
7. Salesforce Inc (NYSE:CRM)
Number of Hedge Fund Holdings: 119
SaaS firm Salesforce Inc (NYSE:CRM) is a stock that’s been constantly on Jim Cramer’s radar in today’s AI era. Enterprise software firms have come under investor scrutiny due to AI’s ability to enable companies to develop software without extensively relying on experienced software engineers. Most of Cramer’s comments about Salesforce Inc (NYSE:CRM) have focused on the split in the firm’s business when it comes to AI and non-AI platforms, and he believes that Agentforce is performing well. Stifel discussed Salesforce Inc (NYSE:CRM)’s shares on February 17th. It reduced the share price target to $200 from $260 and kept a Neutral rating on the shares. The financial firm pointed out that the software company was experiencing customer loyalty, as its customers were not eager to switch to AI alternatives. Cramer discussed Agentforce in this appearance as well:
“I understand that Marc Benioff has to really show that Agentforce is crushing it. There was a piece out there yesterday saying that Agentforce isn’t growing at the pace it was. That’s shocking to me.”
6. Workday Incorporated (NASDAQ:WDAY)
Number of Hedge Fund Holdings: 64
Workday Incorporated (NASDAQ:WDAY) is a software company that provides financial management and other associated products. Like other software companies, its shares have also struggled in today’s era of AI investment. They are down by 49% over the past year and by 39% year-to-date. The latest turmoil in the shares came yesterday after Workday Incorporated (NASDAQ:WDAY) reported its fiscal fourth quarter earnings report. The results saw the firm post $2.53 billion in revenue and $2.47 in adjusted earnings per share to beat analyst estimates of $2.52 billion and $2.32. However, the shares fell due to what media reports attributed was a weak first-quarter guidance. For its fiscal first quarter, Workday Incorporated (NASDAQ:WDAY) guided 30.5% in adjusted operating margin and $2.335 billion in subscription revenue. On the other hand, analysts had pencilled in a 30.9% margin and $2.35 billion. Cramer briefly discussed Workday Incorporated (NASDAQ:WDAY)’s transition before the earnings:
“I think Workday’s in transition except for I don’t know what it’s transitioning to.”
5. Booking Holdings Inc. (NASDAQ:BKNG)
Number of Hedge Fund Holdings: 95
Booking Holdings Inc. (NASDAQ:BKNG) is a technology company that provides travel services. Its shares are down by 18% over the past year and by 23% year-to-date. Morgan Stanley discussed the firm on February 24th. It bumped Booking Holdings Inc. (NASDAQ:BKNG)’s rating to Overweight from Equal Weight and cut the share price target to $5,500 from $6,150. The bank commented that the firm would continue to play a key role in the travel industry despite the growth in the agentic AI sector. Booking Holdings Inc. (NASDAQ:BKNG)’s ability to benefit from user data was an important factor in Morgan Stanley’s discussion, as it outlined that it could use customer knowledge to improve its margins. The bank added that Booking Holdings Inc. (NASDAQ:BKNG) and other firms would continue to play an important role in the travel industry. Cramer is also a believer in the company:
“It’s surprising me because in Phil’s unbelievable interview with American, American numbers he said it’s coming in great. I thought that was just positive. I’m not sure I want to go with this negativity.
“I don’t want to bet against Booking here, I did not think that quarter was really. . .”
4. Caterpillar Inc. (NYSE:CAT)
Number of Hedge Fund Holdings: 70
Agriculture and construction machinery manufacturer Caterpillar Inc. (NYSE:CAT)’s shares are up by a strong 124% over the past year and by 28% year-to-date. Bank of America discussed Caterpillar Inc. (NYSE:CAT) after the firm’s 2025 earnings report. It raised the share price target to $825 from $735 and kept a Buy rating on the stock. BofA remarked that the firm was benefiting from the demand for its turbines from sectors other than data centers. It used this fact to comment that concerns about excess turbine demand might be unwarranted. Caterpillar Inc. (NYSE:CAT) earned $67.6 billion in revenue in 2025 to mark a 4% growth. Within the results, the firm’s Power & Energy unit grew sharply by 23% to post $9.4 billion in sales. Cramer’s recent remarks about Caterpillar Inc. (NYSE:CAT) have raised an interesting point, as he believes that hedge funds are particularly interested in the firm’s power products. In this appearance, he discussed the shares:
“I want to say to people, like the CEO of Caterpillar, it is time, you’ve got to go back to what used to happen, to get the individual investor, in your stock. There’s no way that Caterpillar, a great American company, should have its stock at 749.”
3. Molson Coors Beverage Company (NYSE:TAP)
Number of Hedge Fund Holdings: 32
Alcoholic beverages company Molson Coors Beverage Company (NYSE:TAP)’s shares are down by 20.5% over the past year and are up by 1.9% year-to-date. Evercore ISI discussed the firm on February 9th. It raised the share price target to $55 from $50 and kept an Outperform rating. Two days later, JPMorgan kept a $50 share price target and a Hold rating on Molson Coors Beverage Company (NYSE:TAP)’s shares. The firm reported its fourth quarter earnings on February 18th and posted $2.66 billion in revenue and $1.21 in earnings per share for a mixed bag of results. As a result, Molson Coors Beverage Company (NYSE:TAP)’s revenue missed analyst estimates of $2.71 billion, while its earnings beat estimates of $1.16. However, the firm’s 2026 estimate of an 11% to 15% drop in adjusted earnings was well below analyst estimates. Cramer has been bearish on the alcoholic beverages industry since 2025’s start due to a multitude of factors, such as the growing unpopularity of drinking among younger drinkers. He reiterated the sentiment and briefly discussed Molson Coors Beverage Company (NYSE:TAP)’s earnings:
“Those were miserable numbers, Molson Coors, let’s see what, this is one of the industries where everybody who’s running it is in flux.”
2. Figma, Inc. (NYSE:FIG)
Number of Hedge Fund Holdings: 38
Figma, Inc. (NYSE:FIG) is a technology company that provides a web-based platform to allow users to design and build websites, applications, and other digital experiences. RBC Capital discussed the firm on February 19th. It cut Figma, Inc. (NYSE:FIG)’s share price target to $31 from $38 and kept a Sector Perform rating. The firm remarked that while the technology company had posted solid fourth-quarter earnings, it was waiting for a more attractive entry point since the current valuation adequately represented Figma, Inc. (NYSE:FIG)’s strengths in the industry. Morgan Stanley also cut the price target on the 19th. It reduced the target to $44 from $48 and kept an Equal Weight rating. The bank remarked that while Figma, Inc. (NYSE:FIG)’s revenue growth was impressive, it was marred by the impact of operating margins on free cash flow. As for Cramer, he recalled when he had warned against buying the shares:
“I did get a little enthusiastic, stock was around 120 went up another 20 bucks, now down 90% from when I made that call. . .I think that Figna is a company that does not have nearly the moat that they think. . .Any company that, they claim to be a platform that allows you be a genius, you can, just put it this way, there’s so many of these. There’s nothing special about Figma. I like them but when it was a 140, no, and the stock was up two this morning, I read the conference call I said, this should go down, there’s nothing here. And, it had a reversal. And I just, you can go on, you can go on, any one of these sites and do what they want. I go on Claude and you can develop a terrific package. . .”
1. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holdings: 88
Productivity software provider Adobe Inc. (NASDAQ:ADBE)’s shares have struggled in today’s AI era. They are down by 42% over the past year and by 23% year-to-date. HSBC discussed the firm’s shares on February 13th. It cut the share price target to $302 from $388 and kept a Hold rating, as per The Fly. Unsurprisingly, the bank pointed out that Adobe Inc. (NASDAQ:ADBE) was facing risks from AI tools. Piper Sandler also cut the price target. It reduced it to $330 from $470 and slashed the rating to Neutral from Overweight. The financial firm commented that the threat faced by seat-based software businesses from AI could affect Adobe Inc. (NASDAQ:ADBE) as well. Like the analysts, Cramer has also discussed the software firm several times. He believes that the software company’s pricey products can be replaced by cheaper alternatives. In this appearance, the CNBC TV host kept up the pessimism for Adobe Inc. (NASDAQ:ADBE):
“I think that Figna is a company that does not have nearly the moat that they think. I think the same way about Adobe, unfortunately.
And I just, you can go on, you can go on, any one of these sites and do what they want. I go on Claude and you can develop a terrific package. . .It’s just too easy, I’m sorry Canva. I’m sorry. And by the way, Adobe 600 bucks, no. Not paying, not paying.”
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