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 discussed the weakness in the stock market as technology stocks headed towards ending a seven-month winning streak. Cramer’s remarks came before AI chip giant NVIDIA’s earnings report and after co-host Carl Quintanilla mentioned a Bank of America survey that didn’t do much to quell market uneasiness. BofA’s Global Fund Manager Survey outlined that a net 20% of managers part of the survey believed that companies were overinvesting. Yet, at the same time, 53% of the managers surveyed also outlined that AI was increasing productivity.
Cramer discussed the report and compared the current scenario with previous eras of market turmoil to outline that some of the smartest people in the world were optimistic about AI, and the only parallels he could draw were with the Great Crash of 1929, which was a different environment altogether:
“So my take is, you’ve got the smartest people in the world, and I tend to think that as a group, they tend not to do the wrong thing. Other than, in 1929, where Andrew Ross Sorkin, depicted that the smartest people in the world, including a professor at Yale, got it totally wrong. So we have to be in that kind of situation for me to believe, and I don’t think we are.”
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 18th.
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13. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q2 2025: 219
Alphabet Inc. (NASDAQ:GOOGL) is a great example of a stock that Jim Cramer has changed his mind on in 2025. Over the course of the past several weeks, the CNBC TV host has regretted selling the shares due to worries about a Justice Department investigation into the firm. Alphabet Inc. (NASDAQ:GOOGL)’s CEO, Sundar Pichai, chipped into the debate about an AI bubble recently when he opined to the BBC that the AI investment flood appeared to have elements of irrationality. In this appearance, Cramer discussed worries about overinvesting in AI and a Loop Capital upgrade of Alphabet Inc. (NASDAQ:GOOGL)’s shares. Loop recently upgraded the shares to a Buy from Hold and increased the share price target to $320 from $260. Cramer also discussed the firm’s in-house TPUs (tensor processing units) with his co-host David Faber. Alphabet Inc. (NASDAQ:GOOGL)’s TPUs are known for their cost advantages and recently allowed the firm to train its leading-edge AI platform, Gemini 3. Here is what Cramer said:
“Right and I think this is intriguing because the companies that are allegedly overinvesting, well one of the chief ones is Alphabet, of Google, and they admit that there’s irrationality and Buffett’s buying it. People are buying the stock.
“[On Pichai’s BBC comments and how they didn’t stop Loop Capital from upgrading] Look, I listen, I actually liked that, I liked the skepticism, the fact is they’re the winner. They’ve done a remarkable job, they could get a contract with Apple today, I think all of us, many people doubted, that you could transition from, from their regular, Google, to Gemini, but it’s worked. And it’s worth any amount of spending for them, provided they’re able to reason, I tried to reason by the way, with OpenAI, which I consider to be the Achilles’ Heel. And, but I think Alphabet, Gemini is terrific, and that’s, if they own Search. . .
“[After David discussed in-house AI chips called TPUs and their cost advantages over NVIDIA’s products] Well I think it keeps OpenAI out of aggressive search. . .”
12. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q2 2025: 260
After Meta Platforms, Inc. (NASDAQ:META)’s latest earnings report created worries about aggressive spending. Cramer took the contrarian view and stressed that the firm is defending itself from a possible encroachment by OpenAI on its moat in the social media industry. Throughout the year, the CNBC TV host has found different reasons to be positive about the firm. Yet, Cramer hasn’t held back from pointing out what he believes are weaknesses. For instance, in January, he remarked that Meta Platforms, Inc. (NASDAQ:META)’s AI platform was a “little more prurient.” Yet, Cramer has also continued to praise the firm’s smart glasses. In this appearance, he reiterated his recent reasons to have faith in the firm. These include what Cramer views as defensive spending against OpenAI and the firm’s CEO, Mark Zuckerberg:
“The second one, that I think is down a lot, Meta, actually has to spend because it’s worried about OpenAI coming into it.
“I think that Meta’s down most severely because they were the ones who said they were going to spend the most but Meta does not want OpenAI coming into social. .
“[After David Faber wondered what Meta was spending the money on given that they don’t have a cloud provider and if that was all being spent to enhance advertising] I think so, I think that you, they’re the number, well obviously you can go to Google for advertising, you can go to Amazon for advertising, or you send them a check.
“You’re being asked to have faith in a person, Zuckerberg, and, you know what, gotta tell you Carl, I’ve had worst faith. This man I think is great at what he does, I think he owns big consumer advertising, he could own a lot of different kind of advertising, a lot of optionality, it’s the one that I think OpenAI could kamikaze, that’s the problem. They can’t kamikaze Microsoft.
“[When Carl Quintanilla asked him what would he tell viewers who ask about the metaverse] Well the metaverse may have been ill-advised. . . he is a risk taker, Zuckerberg, and I like that. . .do I trust him? So far in my life I have, I did not recommend a stock when it first came public cause he did not have a strategy for this. . .did he come up with something that dominates this? Yes, so I am taking a leap of faith maybe, a leap of faith.
“The real crime would be, if Meta, didn’t spend the money, and we say, remember Meta?”
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