In this piece, we will look at the stocks Jim Cramer discussed today.
Jim Cramer’s latest appearance on CNBC’s Squawk on the Street was a special one since it came during the week-long celebration of the network’s 30th anniversary of Squawk Box. During this episode, Cramer and co-host David Faber recalled their early days at CNBC when the pair worked with the late Mark Haines, who was the original host of Squawk Box and Squawk on the Street. Cramer recalled his time with Haines:
“Mark would come in, into the green room, and he would say, look, I need you to come in hot. No, not a problem! We would go in and he would just, Reverend Jim. . .tell me what’s going on. And I, it was like red meat. I just attack, attack, attack, attack, attack. And that’s all I ever did. I just attacked. And I hated everybody. Miserable and I was just angry and boom. It came out. I was able to get rid of everything. . .it was one of the greatest therapeutic things I ever did. I walked, at the end of the show, I said I got to go home.”
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 9th.
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).
14. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q2 2025: 156
Given how the day was focused on its iPhone launch event, naturally, Cramer spent quite a bit of time discussing Apple Inc. (NASDAQ:AAPL). He commented on how the new iPhones’ price tag might not really matter, Apple Intelligence, the lawsuit with Google, and reports of turnover to Meta:
“[On the new iPhone Pro generating hype] I always think you have to understand the state of play of Verizon, of AT&T, of T-Mobile. T-Mobile has historically under Sievert come in and then said, listen, you want a phone? Don’t pay any attention [to] what you heard from Apple. Here’s the deal and you go to Costco, David, and you look at the T-Mobile deal and you say this phone is cheaper than the 13. I mean they make deals, so let’s not freak out about how, like you’ll hear wow it’s really expensive. But if I get a new camera, and whatever new device, maybe something that is, has better resolution. I don’t know. I might just switch. Because it doesn’t cost much to switch.
“[On whether Apple Intelligence was still relevant] No, I mean you have to look, I keep waiting for a deal now that the, that judge reversed himself.
“Well look I didn’t think there was a chance, that that would pass muster. . .that Google could pay 20 billion to be able to have. Right and the circular reasoning the judge used was, I think, so, lightweight, just the idea that if they didn’t pay them, they would become even more monopolist. I don’t know, to me that was, that was like moved the court, I was shocked by that. But the fact is if you’re Eddie Cue and you heard that, and Eddie Cue was the guy who I was talking about the price, I think you’d just say lineup guys, lineup Perplexity. Hey you Anthropic, will take yours and you can go spend 90 billion on NVIDIA. And we’ll let you low jump into the 17. I’d love that!”
“Remember the day the anti-monopoly case came down, number two came down, the remedy so to speak, a quarter before there were reporters who were going out and saying, that Apple lost their top guy. I mean I check in with Apple and I say like tell us which top guy? I mean there’s kind of like, they lost a general. Well we got like a thousand generals! . . .and suddenly you have it’s like wow which guy did they think that we lost? And by the way where are all those guys that left Apple and went to, Meta. Apparently it doesn’t all end well when you go to Meta. Some people just say maybe this isn’t for me.”
13. T-Mobile US, Inc. (NASDAQ:TMUS)
Number of Hedge Fund Holders In Q2 2025: 76
T-Mobile US, Inc. (NASDAQ:TMUS)’s shares, like those of its peers, are trading lower this week due to SpaceX’s decision to spend a whopping $17 billion to acquire spectrum from EchoStar. The deal allows SpaceX to own spectrum through which it can directly beam down connectivity to smartphones. However, in this appearance, Cramer discussed how T-Mobile US, Inc. (NASDAQ:TMUS) plays a key role in offering deals to consumers for Apple’s iPhone:
“[On the new iPhone Pro generating hype] I always think you have to understand the state of play of Verizon, of AT&T, of T-Mobile. T-Mobile has historically under Sievert come in and then said, listen, you want a phone? Don’t pay any attention [to] what you heard from Apple. Here’s the deal and you go to Costco, David, and you look at the T-Mobile deal and you say this phone is cheaper than the 13. I mean they make deals, so let’s not freak out about how, like you’ll hear wow it’s really expensive. But if I get a new camera, and whatever new device, maybe something that is, has better resolution. I don’t know. I might just switch. Because it doesn’t cost much to switch.”
12. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q2 2025: 219
Alphabet Inc. (NASDAQ:GOOGL) has been one of the more bittersweet stocks for Jim Cramer recently. The CNBC TV host started the year by expressing worries about the firm’s tussles with the Justice Department. Cramer famously sold Alphabet Inc. (NASDAQ:GOOGL)’s shares and ended up regretting the decision later on as the stock benefited from tailwinds generated from the strong performance of the firm’s YouTube and other businesses. This time, he commented on the court’s decision related to Alphabet Inc. (NASDAQ:GOOGL)’s monopoly lawsuit:
“Well look I didn’t think there was a chance, that that would pass muster. . .that Google could pay 20 billion to be able to have. Right and the circular reasoning the judge used was, I think, so, lightweight, just the idea that if they didn’t pay them, they would become even more monopolist. I don’t know, to me that was, that was like moved the court, I was shocked by that.”
Here are Cramer’s previous thoughts about Alphabet Inc. (NASDAQ:GOOGL):
“Next up, I like Alphabet, one of the best long-term growth stocks that you could have owned over the past two decades… Justin Jefferson, he’s the Vikings receiver… I think of both Alphabet and Jefferson as known commodities with major new questions. For Alphabet, Google’s, the worry is how, how’s the advent of AI going to impact the core search business? So far so good… I think they’ll both be just fine.”
11. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q2 2025: 273
Meta Platforms, Inc. (NASDAQ:META) has been in the news a lot recently in the form of reports of poaching AI staff from OpenAI and Apple. In particular, reports of the firm offering multi-million dollar packages to the AI workers have generated considerable interest. However, Cramer’s discussions with Apple have revealed that there might not be as much truth to the reports as is believed:
“Remember the day the anti-monopoly case came down, number two came down, the remedy so to speak, a quarter before there were reporters who were going out and saying, that Apple lost their top guy. I mean I check in with Apple and I say like tell us which top guy? I mean there’s kind of like, they lost a general. Well we got like a thousand generals! . . .and suddenly you have it’s like wow which guy did they think that we lost? And by the way where are all those guys that left Apple and went to, Meta. Apparently it doesn’t all end well when you go to Meta. Some people just say maybe this isn’t for me.”
The CNBC TV host previously discussed Meta Platforms, Inc. (NASDAQ:META)’s CEO Mark Zuckerberg visiting the White House to meet with President Trump:
“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. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
NVIDIA Corporation (NASDAQ:NVDA)’s shares fell by 3.9% last week after Broadcom revealed that it had landed a $10 billion deal for a new custom AI chip customer. While reports suggest that the customer could be OpenAI, Cramer believes that the firm has a strong partnership with NVIDIA. This time, he commented on CFO Colette Kress’ appearance at a Goldman Sachs conference and the pessimistic sentiment surrounding NVIDIA Corporation (NASDAQ:NVDA):
“And I’m not getting that at all from NVIDIA. But you know what, a lot of people are saying come on NVIDIA, stop it with the NVIDIA. I mean Colette Kress spoke last night. . .CFO of NVIDIA [at] Goldman Sachs. . .Communacopia. . . If you listened to Colette Kress who was saying three trillion, four trillion, at the end of the decade, you’re not going to have any slowdown. And that’s just a chart that is, that chart’s ludicrous.
“Anyway I think the central issue right now is NVIDIA, the doomers and NVIDIA. And RAND,and the guy who runs RAND who is anti-NVIDIA was the guy who was in charge of Diffusion and that was Biden. Biden! He was the previous President!
“But Jensen is, Jensen Huang who’s the CEO of NVIDIA, is talking about total cost of ownership and at the price his, the power consumption’s declining. And I believe that. Meaning that they’re making it. . .more efficient. And I just think that, I read all these articles, these articles, they all read as if we’re in the last days of Pompeii’s last NVIDIA. And I think that the long knives are out for NVIDIA. Not just on Wall Street, where the stock has been going down until yesterday when Colette, stock turned around when Colette Kress, CFO, was speaking. I think the customers are saying, you know what, I really want NVIDIA but it’s really expensive. They want a price break. They want to be able to go Hock Tan and say listen, could you put together Celestica offering with Hock Tan and with Jayshree, which is Arista, and that’s considered to be the competition that then can say NVIDIA, I want the price down. I don’t think that that offering is superior. But I do think that Broadcom’s stock is up in large part because people feel they can rival NVIDIA.
9. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders In Q2 2025: 294
Microsoft Corporation (NASDAQ:MSFT) made a splash yesterday after it announced a $17.4 billion deal with AI infrastructure firm Nebius. The announcement also sent Nebius’ shares soaring by a stunning 49% today to indicate the nature of the AI-driven stock market, which sees rapid double-digit gains in key stocks. Cramer discussed Microsoft Corporation (NASDAQ:MSFT)’s deal and commented that it mattered because it addressed key investor concerns about NVIDIA’s orders:
“Well because the principle reason why we think that, the only real reason why right now NVIDIA orders could slow is because the power consumption. So then you have deals like this and that’s addressing the power consumption.
“Then you deal with Co-Pilot. Microsoft says listen it’s being rapidly being used. Bankers used it all the time. Look the only real certainty that we have is that it writes codes. And those people are expensive. So in that sense, it’s a win!”
Cramer previously discussed Microsoft Corporation (NASDAQ:MSFT)’s cloud computing business:
“[On lowest intra day since July] Well Microsoft, that’s another one like Zscaler, if you see that one bounce because they had a perfect quarter. We all believe that, look, I wanna say that Amazon can catch up. Amazon Web Service is much bigger than Azure, but I recognize that people think that they’re going the wrong way.”
8. Nebius Group N.V. (NASDAQ:NBIS)
Number of Hedge Fund Holders In Q2 2025: 45
Nebius Group N.V. (NASDAQ:NBIS)’s shares jumped by an unbelievable 49% after Microsoft announced a $17.4 billion deal with the firm. This deal will see Nebius Group N.V. (NASDAQ:NBIS) supply computing infrastructure to the largest software company in the world. Microsoft’s investment saw investors gain confidence in the firm’s business model, which resembles infrastructure provider CoreWeave. Cramer commented on Nebius Group N.V. (NASDAQ:NBIS)’s similarity to CoreWeave and recalled how he visited the firm’s tiny booth at an NVIDIA conference:
“Well Nebius is, I went at the big NVIDIA conference and they were like this little booth and I said how you guys doing?
“Well because the principle reason why we think that, the only real reason why right now NVIDIA orders could slow is because the power consumption. So then you have deals like this and that’s addressing the power consumption.
“[On whether Nebius was a similar company to CoreWeave] Yes it is. And by the way, CoreWeave, and Nebius, these are builder, okay. And they also repair people. And I know that that sounds very pedestrian. But they break, the racks break and the reason why CoreWeave is known as being great is because they are Johnny on the spot, it sounds silly, but they are.”
Here are Cramer’s previous thoughts about Nebius Group N.V. (NASDAQ:NBIS):
“Look, I totally get Nebius Group, but I am through and through a CoreWeave person. And because I’m a CoreWeave person, can’t own them both, but we got, we kicked the tires on Nebius, and we went all in CoreWeave, and I’m not going to change my view.”
7. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders In Q2 2025: 156
Broadcom Inc. (NASDAQ:AVGO)’s shares jumped by 13% last week as investors piled into the firm, believing that it could cater to large-scale custom AI chip demand. The stock soared as the firm revealed a new $10 billion custom AI chip customer that many believe is OpenAI. Cramer discussed the current market sentiment surrounding NVIDIA’s AI GPUs and Broadcom Inc. (NASDAQ:AVGO)’s role in the market:
“I think the customers are saying, you know what, I really want NVIDIA but it’s really expensive. They want a price break. They want to be able to go Hock Tan and say listen, could you put together Celestica offering with Hock Tan . . . and that’s considered to be the competition that then can say NVIDIA, I want the price down. I don’t think that that offering is superior. But I do think that Broadcom’s stock is up in large part because people feel they can rival NVIDIA.
Previously, Cramer was nothing but full of praise for Broadcom Inc. (NASDAQ:AVGO)’s CEO Hock Tan:
“Hock Tan, I’ve known him for a long time. He’s not given to any superlatives and no hyperbole. The numbers that he is talking about indicate that we are in a gold rush that you thought was. . .this is an incredible man who has put together an amazing company, and the tentacles are bigger than this. It’s not just also VMWare, it’s really hitting strong from networking. But there’s just an incredible demand, we’re right at the cusp of reasoning. And you need high performance computers to reason. And when I say reason it means that, that’s the beginning of not prompting. Right now it’s a prompt economy, you know like tell me how many times, how many hammers did Home Depot sell last week versus Lowe’s? No, that’s just going to be, how many hammers should I sell? And using the numbers that you have. And the numbers will be much better than anything we can calculate.”
6. Arista Networks Inc (NYSE:ANET)
Number of Hedge Fund Holders In Q2 2025: 81
Arista Networks Inc (NYSE:ANET) is one of Jim Cramer’s top data center stocks. The shares have gained 27% year-to-date, primarily on the back of a 17% jump in August. Arista Networks Inc (NYSE:ANET)’s stock rose after the firm’s second-quarter earnings saw it guide Q3 revenue at $2.25 billion to beat analyst estimates of $2.11 billion. In his latest comments about the firm, Cramer discussed how Arista Networks Inc (NYSE:ANET) might be playing a role in the demand for alternatives to NVIDIA’s GPUs:
“I think the customers are saying, you know what, I really want NVIDIA but it’s really expensive. They want a price break. They want to be able to go Hock Tan and say listen, could you put together Celestica offering with Hock Tan and with Jayshree, which is Arista, and that’s considered to be the competition that then can say NVIDIA, I want the price down. I don’t think that that offering is superior. But I do think that Broadcom’s stock is up in large part because people feel they can rival NVIDIA.”
5. Martin Marietta Materials, Inc. (NYSE:MLM)
Number of Hedge Fund Holders In Q2 2025: 64
Martin Marietta Materials, Inc. (NYSE:MLM) has started to frequently appear on Cramer’s morning show after he had a discussion with the firm’s CEO. Cramer believes that the company enjoys significant catalysts from the AI data center buildout happening across the US. Martin Marietta Materials, Inc. (NYSE:MLM)’s shares have gained 20% year-to-date primarily due to solid earnings performance. Cramer believes the firm is one of the biggest players in the aggregates industry:
“I mean if you listen to Howard Nye, who’s the CEO of Martin Marietta, which is only number and number two, aggregate company, they’re the biggest in the world. This is the biggest use of stone in the world.”
Previously, the CNBC TV host discussed Martin Marietta Materials, Inc. (NYSE:MLM)’s exposure to data centers:
“Look I was with a, Howard Nye the other day. He is the CEO of the largest rocket company, aggregate company, uh Martin Marietta Materials. And they’re doing a huge amount of business, they’re putting a, they’re laying it down data centers. And then he starts, I said well how about infrastructure, and he goes, [inaudible] money’s still coming. I’m thinking, get the darn money out, we don’t want to have manufacturing to be in decline in this country. That’s something that nobody wants, Democrats or Republicans, and it’s not working the way I thought it would have.”
4. DICK’S Sporting Goods, Inc. (NYSE:DKS)
Number of Hedge Fund Holders In Q2 2025: 55
DICK’S Sporting Goods, Inc. (NYSE:DKS) shares have lost 2.9% year-to-date due to headwinds generated by the April tariff announcement, its Foot Locker acquisition, and weak earnings performance. During this appearance, Cramer discussed the acquisition and commented on not reading too much into Wall Street’s initial reaction to such deals:
“When DICK’S decided to buy Foot Locker it was wildly perceived to be one of the dumbest things ever. The stock broke down. People saying what do they know. How can that stack, how can Lauren Hobart do that. Mary Dillon really pulled the wool over. Well now, people are saying that you know what, they have the critical mass to be able to, have some buying power. Like maybe they can even go to Nike and say look, this is what we want. Now, I think that Nike’s more of a partner with DICK’S sports, but Citi says it’s going to go to 280 and it’s a reminder that when you see a takeover. . don’t immediately presume that the buyer’s an idiot.”
Cramer had mirrored these thoughts after the acquisition was announced. Here is what he said:
“Oh, okay. Look, here’s… [why] I didn’t try hard enough. When DICK’s bought Foot Locker, I should have just said, buy, buy, buy. Instead, it’s all the way back. It’s kind of like the two that I’ve been most regretting that I didn’t pound the table, Dell enough, and I didn’t pound the table DICK’s enough. DICK’s is still good. They obviously knew what they were doing when they bought Foot Locker. Great relationship by the way now with Nike.”
3. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holders In Q2 2025: 81
NIKE, Inc. (NYSE:NKE)’s shares are flat year-to-date but benefited tremendously from an earnings report in June. The stock rose by 15% after the report saw its $11.10 billion in revenue and $0.14 in EPS beat analyst estimates. Cramer’s previous comments about NIKE, Inc. (NYSE:NKE) have wondered whether the underperformance in the retail sector, and particularly in On Holdings’ shares, could mean that the ongoing turnaround at the firm is struggling. This time he discussed NIKE, Inc. (NYSE:NKE) in the context of DICK’S acquiring Foot Locker:
“Well now, people are saying that you know what, they have the critical mass to be able to, have some buying power. Like maybe they can even go to Nike and say look, this is what we want. Now, I think that Nike’s more of a partner with DICK’S sports. . .”
Here is how Cramer linked the performance between NIKE, Inc. (NYSE:NKE) and On Holdings:
“A lot of the apparel stocks are down off of Tapestry. I’ve got to tell you, I mean Ralph Lauren is too. But the one that I’ve been watching is On Holding. I thought On Holding had a good quarter. I’ve been either disabused of that notion or perhaps I’ve been too bullish about these guys. If ONON is not doing as well, then you have to start thinking about Nike again. Now I think Nike, Elliot Hill, clearly doing a fantastic job. I was hoping they’d take out more costs, because everybody needs to take out more costs, but as these others go down, I have to wonder whether Nike isn’t really back.”
2. Keurig Dr Pepper Inc. (NASDAQ:KDP)
Number of Hedge Fund Holders In Q2 2025: 46
Cramer isn’t a fan of Keurig Dr Pepper Inc. (NASDAQ:KDP) lately after the firm announced that it would buy coffee company JDE Peet and then proceed to split into two entities. The CNBC TV host doesn’t believe that a beverage company splitting into two beverage companies is wise. Keurig Dr Pepper Inc. (NASDAQ:KDP)’s shares have lost a whopping 21% since the deal was announced, so it appears that Wall Street agrees with Jim Cramer. In this appearance, Cramer continued to opine that he doesn’t understand Keurig Dr Pepper Inc. (NASDAQ:KDP)’s latest business decision:
“Now I’ve been working on that for Mad Money and I still can’t make heads or tails of it. I’m not kidding. They’re splitting it into two beverage companies. Oh, okay. Who makes the machine?”
As for his earlier thoughts regarding Keurig Dr Pepper Inc. (NASDAQ:KDP)’s announcement, here is what Cramer said:
“It never ends, never ends. Obviously structured very poorly, obviously I want to talk to the banker who did that, because that banker, I, ChatGPT could replace that banker in nanoseconds.
“[on stock price movement since the deal was announced]Will you look at that? . . .
“[When Faber asked just why would KDP do the deal?] Why would Smucker buy Hostess? David, David, this was a structure problem. Well I mean like obviously people hated the way they structured the deal. They don’t, you talk to yourself about how you’re splitting into a beverage company and a beverage company. I mean, hello, right, right?
“But David someone made a mistake here. And normally you would say listen, I don’t know it’s the company or the bankers but someone made a mistake. I think you need to call out. . .
“[On what was the mistake] The combination is a loser combination and the way that they break the company. . .
“[The market] just hates it. And it’s not gonna start liking it.
“But I will not hear you, you will not say this was a stupid deal, you won’t say that will you?
“Well you know like, people are being, someone’s trying to fire someone over maybe a mortgage thing, how about firing someone over an incredible loss?”
1. The Kraft Heinz Company (NASDAQ:KHC)
Number of Hedge Fund Holders In Q2 2025: 45
The Kraft Heinz Company (NASDAQ:KHC)’s shares have lost 13% year-to-date amidst a broader bearish sentiment surrounding food stocks. The latest dip came in late August when the firm announced that it would split into two companies and reverse a 2015 merger. The Kraft Heinz Company (NASDAQ:KHC)’s shares dipped by 7% on the news, and as the news broke, Cramer discussed the firm’s brands in detail. This time, he wondered whether the firm’s brands were losing popularity with younger customers:
“Kraft Heinz is a tough deal. When you go to the supermarket, you say oh, remember that? . . .Here’s the problem David. Those are what I call old brands. Now that doesn’t mean they don’t love them. But it does mean Oscar Mayer, how many chemicals?”
Here is what Cramer said about The Kraft Heinz Company (NASDAQ:KHC) after the firm announced its split:
“On plans to split into two companies to revive growth and how the stock is down] I think that they were, there was a time when you could buy these companies. And cut them to the bone and be able to produce great numbers. There was another time where you could reinvigorate Oscar Mayer didn’t seem to have anything going, now Heinz they actually did [inaudible] with, but in the end they caught up with the curse of consumer packaged goods and where they were in the grocery store. If you go, if you stroll the grocery store which you have to do, you see the Craft, and you see the Jello, and the Oscar Mayers, and they’re all in the middle, with the exception of Lunchables which is the end cap. I don’t see anything here.
“I don’t know, I feel badly about, these guys are really good, okay. I think their hand is bad.”
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