14 Stocks Jim Cramer Discussed Including His 2 Top Quantum Computing Stocks

3. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders In Q2 2025: 81

Applied Materials, Inc. (NASDAQ:AMAT) is an American firm that makes and sells machines that are used throughout the semiconductor chip fabrication process. It is one of the few American firms in its industry, and Cramer has discussed it sporadically in 2025. For instance, in May 2025, Cramer remarked that while he thought Applied Materials, Inc. (NASDAQ:AMAT) was a “remarkable company,” he preferred Lam Research instead. The CNBC TV host reiterated the belief in June as well. This time, he commented on a Morgan Stanley note, which increased the share price target to $209 and upgraded the share rating to Overweight from Equalweight. In its note, the bank remarked that Applied Materials, Inc. (NASDAQ:AMAT) had exposure to the DRAM market. Cramer commented on the upgrade:

“[Commenting on Morgan Stanley upgrading ASML and AMAT] Well I don’t know, Morgan was, they were too negative on it. But the reason why they were was because we didn’t feel that Micron had gained. We didn’t think that NAND, we were worried about Western Dig, worried about the SanDisk, worried about anything involving Seagate. And they’re all back. I mean they’re all at their highs. They’re now starting to sell at a premium multiple for the first time, maybe in 30 years.”