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 some stocks that were consistently performing well. After co-host Carl Quintanilla shared Cramer’s tweet outlining that he would love to see a pause in speculation surrounding gold, crypto, and profitless companies, Cramer commented:
“We need to see it stop. We need to see it stop. We can’t have these stocks go up everyday. Because they are what I call the Robinhood stocks, and they need to be able to, we need to have a coalesces of markets. We can’t just constantly have these ten companies plus Palantir, and it’s starting to rankle me because you’ll have like a company like Rigetti, and Rigetti was like a dollar a year and a half ago. . .”
The CNBC TV host also commented on speculative plays:
“I also think if we see a decline in the speculative juices of what we got going here. And that means the Oklos going down, maybe the D-Wave’s coming, we might revert to the elite 8 and this is the one that’s fallen behind now that Apple finally has the leverage.”
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 22nd.
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. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders In Q2 2025: 124
Cramer discussed the recent leadership change at Oracle Corporation (NYSE:ORCL) in detail, which saw the firm’s former CEO, Safra Catz, shift to a board leadership role and two co-CEOs take her place. The CNBC TV host discussed the former CEO, her successors, and the culture at Oracle:
“Well I’ve got to tell you, there’s some very exciting ones. . .these are people who are successful. This is not the kind of thing, I mean we’re going to have to leave this, I’m not talking about Molson Coors, but Safra Catz is amazing. She did an incredible job. Take a look at performance. I don’t even know David, what’s the kind of total shareholder return there. I mean I checked in with her, she’s just said, all she says is, it’s a great day.
“[On why now] It’s time to have someone who’s directly related to the cloud infrastructure and someone directly related to AI. That’d be good. Safra’s from the other side of the equation, but Safra’s a winner. One of the most remarkable CEOs. Just incredibly intense. By the way, I worked with one the toughest founders there is. What an achievement. And I just want to say, congratulations to her. She’s just fabulous.
“Still Crushing it. You know Carl, when we look back at people during this era, we should be thinking about him as number one. We have a lot of people who we think have done a great job. And you know what I think of Jensen Huang and what I think of Tim Cook. But this man reinvented a company on the fly with Safra Catz at the age of 79. . .he is the GOAT. He’s the GOAT.
“People don’t understand, Catz is, these people are so competitive. Okay, when you speak to them, they’re relentless. Relentless about being number one. And now, I think there are a lot of people feel there was, this thing which was a bridge too far, this gigantic move into the cloud, the data center. But if AI is real, and we can extend the period where people are trying to figure out whether they’re winners in AI or whether they can win in AI, they’re gonna come back and look at this visionary team that just said, you know what, everyone needs power. Everyone needs a data center. We’re going to deliver it. Just turnkey. . .I think that they had vision, and their vision was we don’t want to grow two to four percent for the rest of our lives. We wanna accelerate our growth. And these two people did it. My hat’s off to it. . .it’s almost as if they spotted the other team, 26 points in the first, it was like that, you know what I mean, and then they came back.
I want to circle back to the Oracle deal, because it is so important. Mr. Magouryk, who is the CEO, he’s from the hyperscale public cloud data centers business. And he will be a perfect liaison. And then Mike Sicilia, who will also be a co-CEO, he’s done unbelievable work in terms of trying to figure. out how to use AI to not have the cost of coding. And I’m sure he will offer you a value proposition, and Mr. Magouryk will offer you, because he was a founding member of Oracle’s cloud engineering team, he’ll offer you what needs to be done for the data center and be able to build out all the data centers. And Safra Catz, just a remarkable run. I salute her. She’s one of the great CEOs, not women CEO, none of that nonsense, she’s tough as nails. Great CEOs ever. Congratulations. She’s still staying. Executive vice chair of the board of directors. But I don’t think she gets the credit that she deserves for just being, really understanding vision of what to do here. Along with Larry Elisson, congratulations.
“Look it’s a different outfit, the culture out there. It’s a culture of winning. I mean you have to just, they’re very NFL like, which is that look, it’s W, they wanna get Ws and they get them. Because they are fantastic. We gotta get these people on. These two CEOs, I am sure they will show you why they’ll be able to pull this off. It’s a big thing to pull off what they’re doing, building those data centers.”
13. Seagate Technology Holdings plc (NASDAQ:STX)
Number of Hedge Fund Holders In Q2 2025: 71
Seagate Technology Holdings plc (NASDAQ:STX) has been on Cramer’s radar recently as the shares have gained a cool 36% over the past month. The share price gains have left him double-minded, as while he’s appreciative of the performance, the firm’s business model of selling computer storage devices has left Cramer wondering whether a multiple of 20 might be too high. Cramer explained the reason behind his belief that storage companies should trade at a lower multiple in July as he outlined that they operate in a “cutthroat industry.” In this appearance, he discussed Bank of America’s Wamsi Mohan and his comments about the strong performance of traditional technology stocks in today’s AI-driven markets:
“You know Wamsi was on and he talked about the idea that old tech renaissance, you’ve got, you have Seagate. David, SanDisk, David I mean this is unbelievable. These are companies that, you have Western Digital, you said we’ll be safe in hardware. No you did not. No one thought we’d be safe in hardware. Because hardware always had a low multiple, by the way.”
In his Mad Money appearance in July, Cramer discussed Seagate Technology Holdings plc (NASDAQ:STX) in detail:
“In fourth place… this is an amazing one, Seagate Technology of all things, up 67% in the first half after more than doubling from its lows in April. Seagate makes hard drives and flash-based solid state drives, basically storage hardware, the textbook commodity tech product. But right now, the hard drive business is booming, and the company announced a $5 billion buyback a little over a month ago while projecting mid-teens revenue growth through 2028. That’s not bad.
“This one’s a reflection of the AI data center bull market. As long as people are building these big warehouses full of servers, they need everything that goes into a server, including storage, even if the lineage is ancient. We had a big scare earlier this year with all that DeepSeek nonsense. But once companies began reporting in April, it became clear that DeepSeek had no impact on anything, and stocks like Seagate have been making up for lost time ever since. Can it keep running? Look, if data center demand stays strong, it wouldn’t surprise me, even as this one’s just made a new all-time high today.”
12. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders In Q2 2025: 94
Cramer discussed Micron Technology, Inc. (NASDAQ:MU) ahead of the firm’s fiscal fourth quarter earnings report on Tuesday. The results saw the firm report $11.3 billion in revenue, $3.03 in adjusted EPS, and $12.5 billion in fiscal first quarter revenue guidance. The three metrics beat their respective LSEG estimates of $11.22 billion, $2.86 and $11.94 billion. Cramer commented on Micron Technology, Inc. (NASDAQ:MU)’s CEO, Sanjay Mehrotra:
“Micron reports tomorrow. And Micron’s multiple’s 20! 20!.
“Yes it does, because it happens to have a CEO. Sanjay Mehrotra, he’s prudent. . . He says look, the stock is ahead of itself. You know he does seem like that. He’s not a quantum guy or a cyber guy. You ever noticed the guys who come on from nuclear? They act like they’re gonna open nuclear power plants everywhere.
“I do caution again, that Sanjay Mehrotra, he reported a good number at Micron, but Sanjay is one of those guys he just does not, he’s a non promotional person in an industry filled with promotional people.
“Look I once said, look I think, I came on our show here and I said, high bandwidth memory is just great and it’s like unbelievable and it’s going to be 20%, and he called me and said, Jim, why did you do that? And I said that well high bandwidth memory, he goes, you know but the rest of the business, not that great. And I don’t know, I think maybe I’d come on next day and be a little less promotional. I mean like, Sanjay I love you, Micron, great. No, no I wanna come on the next day, maybe calm your enthusiasm here. And I just came on here and I said look I probably was a little too enthusiastic.”
11. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders In Q2 2025: 63
Cramer has discussed International Business Machines Corporation (NYSE:IBM) frequently in 2025. In his earlier comments, Cramer has called the firm one of the “most reliable companies,” and he defended it in July after the stock dipped following the firm’s second-quarter earnings report. Cramer remarked he wasn’t “sure” how the stock could react so negatively to a software business slowdown and commented later that the firm had a major opportunity in quantum computing. In fact, the CNBC TV host believes that International Business Machines Corporation (NYSE:IBM) is one of the leaders in quantum computing. He has discussed the firm with respect to the emerging technology several times this year. Despite being critical of quantum computing at the year’s start, Cramer remarked in August that “I think quantum really matters.” This time, he reiterated his optimism about quantum computing and led the conversation with International Business Machines Corporation (NYSE:IBM):
“Yes I am because I do ultimately believe in quantum but I believe in quantum first of all, with IBM. . .”
Here is what Cramer said about International Business Machines Corporation (NYSE:IBM) in August on Mad Money:
“Okay, I didn’t think IBM’s quarter… was all that bad at all. I think you have a major opportunity down here because I think that we’re going to start talking about IBM and quantum. I think they have the lead in quantum, and I think quantum really does matter. They have a great software package. They’re doing so many things that are good.
Against that, let me tell you what’s really going on. The chart’s bad, and people are saying it’s a head and shoulders. Now, you and I both know there comes a time when you have to step in if the fundamentals are right, and I think we’re there, okay.”
10. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q2 2025: 219
Cramer has discussed nearly every aspect of Alphabet Inc. (NASDAQ:GOOGL) in 2025, whether it’s related to the firm’s troubles with the Justice Department, its YouTube business, and quantum computing. Alphabet Inc. (NASDAQ:GOOGL)’s scale allows it to aggressively invest in emerging technologies, and it generated a lot of hype about quantum computing in December 2025 after launching the Willow chip. The firm shared that Willow was able to perform a benchmark computation that would take a traditional supercomputer 10 septillion years in just five minutes. Naturally, Alphabet Inc. (NASDAQ:GOOGL) and quantum computing have caught Cramer’s attention as he believes that the firm is a top player in the space:
“Yes I am because I do ultimately believe in quantum but I believe in quantum . . .Second, with Alphabet. They are in quantum.”
Alphabet Inc. (NASDAQ:GOOGL)’s journey in quantum computing has been quite long. For instance, the firm demonstrated in 2019 that some qubits could last long enough for complex calculations. The firm has also created a programming language library for quantum computing. Here are Cramer’s earlier thoughts about the subject:
“Alphabet has a facility dedicated to quantum computing. This is super fast computing using superconductors that require a specialized computer environment based in part on cryogenic technology. Sounds promising, the others burn too hot, right, the regular data centers. But it’s not a reason to buy Alphabet because it’s nothing that’s ready at scale. I like Alphabet, own it for the Charitable Trust, but that’s because we like their dominance in Search, progress in YouTube, and incredible strength of Google Cloud services, well ahead of what people think. Quantum computing is just a long-term project.”
9. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders In Q2 2025: 294
Microsoft Corporation (NASDAQ:MSFT)’s shares have gained 21% year-to-date, with media reports attributing the rise to a turnaround in the firm’s software business and the Azure cloud computing division. Cramer’s previous comments about the firm have wondered whether too much of the market was concentrated in its and NVIDIA’s shares. This time, he discussed a note from Ben Reitzes at Melius Research. The note outlined that the shares had been sold unfairly and the stock could gain momentum over the coming months. Some of the reasons behind Reitzes’ optimism include Microsoft Corporation (NASDAQ:MSFT)’s cloud computing business, AI agents, and partnership with OpenAI. Here is what Cramer said about the note:
“I want to talk about Microsoft for a second. There’s this fellow Ben Retizes at Melius, he’s been very good. He’s been actually dead right. And he’s saying it’s time for, believe it or not, a catch up trade for Microsoft, which is just kind of, you know, in a lull. But this is itself I think is doing extraordinarily well. Talking about how Copilot’s gonna be able to be revealed as a smashing success. I also think, things are a little clouded by AI, by OpenAI, we don’t know.”
8. Brinker International, Inc. (NYSE:EAT)
Number of Hedge Fund Holders In Q2 2025: 52
Cramer frequently discusses Brinker International, Inc. (NYSE:EAT) in his morning show. The reason he does so is due to the turmoil that some other restaurant stocks are experiencing. Cramer believes that Brinker International, Inc. (NYSE:EAT) stands out from the pack, and he is also a fan of the firm’s CEO, Kevin Hochman. The CNBC TV host believes that Hochman has been able to successfully transform the business since taking over a couple of years back. This time, he discussed Wells Fargo upgrading Brinker International, Inc. (NYSE:EAT)’s shares to Overweight and raising the share price target to $175 from $165. In its note, the investment bank commented that the restaurant could gain additional market share. Here is what Cramer said:
“I mean you got a call like the Brinker call from Wells Fargo. The restaurants have been the worse, just a horrendous group and Darden was viewed as being bad.
“And Brinker’s the best, the strongest story in the group. Let’s see if the restaurants can actually stabilize. That’s all I want to see.”
7. Pfizer Inc. (NYSE:PFE)
Number of Hedge Fund Holders In Q2 2025: 83
Pfizer Inc. (NYSE:PFE)’s shares are down by 10% year-to-date. In this appearance, Cramer discussed the firm’s $43 billion acquisition of drug company Seagen. Cramer has commented on the acquisition several times in 2025. For instance, in January, he stated that Pfizer Inc. (NYSE:PFE) had yet to launch any breakout drugs that would justify the deal. However, in March, Cramer was optimistic about the acquisition as he expected the deal to be “great.” This time, he commented on the overall sentiment surrounding Pfizer Inc. (NYSE:PFE):
“Pfizer is being viewed as a company that doesn’t really have anything. Meaning that people feel that the Seagen acquisition didn’t pay off. That was a very big acquisition. I don’t wanna write them off, but it’s kind of like cholesterol. . .where you finally just, you know you got a number of players in it, and everybody did well. I think that can happen here.”
Pfizer Inc. (NYSE:PFE) announced in September that it would showcase its cancer drug portfolio at an oncology conference due to be held in Berlin, Germany, next month. This portfolio includes phase three results of its bladder and prostate cancer drugs and phase two results of its small cell lung cancer treatment.
6. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders In Q2 2025: 119
Even though Eli Lilly and Company (NYSE:LLY)’s shares have lost 6.9% year-to-date, Cramer continues to be a believer in the stock. He believes that the firm is establishing a strong manufacturing presence in the US and outlined that his “original prediction” of the firm becoming the first $1 trillion non-tech company could be wrong given recent headwinds. Here are Cramer’s latest thoughts about Eli Lilly and Company (NYSE:LLY):
“Lilly’s already putting up plants for pills. Which is pretty amazing. The holy grail would be a pill that did not take away from protein and continue to just go after fat. Lilly is doing that. I think that that’s why they’re so far ahead. You know, Carl, Lilly has been, I was doing a bottle signing for my wife. . .people are like, you know this Lilly, nothing’s happening there. It’s been one of the greatest performers ever. It’s become a what have you done for me lately story. Which means they have to win some sort of, there has to be a new trial that somehow gets people excited again. Whether it be for some disease we don’t know, Alzheimer’s perhaps, congestive heart failure. And if it doesn’t get that then I think people, you know what, I wanna move on to the next one. And that’s pretty amazing.
“[In response to Carl asking whether the obesity weight loss story was not enough to carry the stock in the long term] Not anymore, no, that’s why the stock has stalled. And I, look I’m a David Ricks believer. I think that’s a mistake. I tell people you gotta stick with Eli Lilly. I would not trade it. But I recognize when there’s a stock that has stalled. And people feel that this is a, this administration could take a negative look on it.”
5. Kenvue Inc. (NYSE:KVUE)
Number of Hedge Fund Holders In Q2 2025: 72
Kenvue Inc. (NYSE:KVUE) has been in the news lately after President Trump asserted that taking Tylenol can increase autism in unborn children. The firm’s shares have lost 22% over the month. Before the President’s remarks, Cramer commented in a Mad Money episode that he didn’t believe Kenvue Inc. (NYSE:KVUE)’s litigation risks were as bad as feared. This time, he discussed the firm’s separation from JNJ:
“We have a story on Kenvue and Tylenol, that’s been adjudicated. The judge felt that there’s no linkage, but it doesn’t matter.
“Well now it’s toxic. I’d be afraid to buy it.
“Well look I think that the botched, it was kind of a botched hand off. Not by JNJ. I think that JNJ did it well. I think that there was a, this weight that, this interregnum which was far too long. The new company wasn’t ready. Carl what I’m looking for is, there have been a lot, there were a lot of lawsuits about this. But they were all shot down. But you know the plan as far has been itching to find something new. It looks like they’re really stalled out. The talc and JNJ. JNJ decided to fight each one, it was just the kiss of death for these guys. But now, let’s say you get some evidence, from RFK Jr., they’ll start up again. And they’ll keep this thing down and put a lid on the stock and you won’t wanna buy it.”
4. ASML Holding N.V. (NASDAQ:ASML)
Number of Hedge Fund Holders In Q2 2025: 78
ASML Holding N.V. (NASDAQ:ASML) is a leading player in the global chip fabrication industry since it is the only firm capable of manufacturing advanced High-NA chip manufacturing machines. Cramer does not discuss the stock often, but during the times that he has discussed it, the CNBC TV host linked the firm’s performance to the broader semiconductor industry. ASML Holding N.V. (NASDAQ:ASML)’s shares were upgraded by Morgan Stanley to Overweight from Equal-Weight earlier this week, with a price target bump to €950. The upgrade followed Bank of America’s decision to raise the share price target to €941 from €742 on September 19th after NVIDIA’s decision to invest $5 billion in Intel. Cramer discussed 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.”
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.”
2. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q2 2025: 115
Like Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk, Jim Cramer also believes that the firm is more of a technology company than a car company. In this episode, he discussed the firm after Piper Sandler increased the share price target to $500 from $400 after a trip to China. Cramer made interesting comments about the Tesla, Inc. (NASDAQ:TSLA) note:
“[On Piper Sandler’s note] No, that was the first time I’ve seen anything that might be good. I do think that this is a, I don’t want to call it a cold stock, but the idea is this that everybody follows the stock. They see the stock rolling, so then they recommend the stock. There’s no one who wants to go contrary to this stock and say, look this whole move into, you can’t buy for self driving, it’s too far, and you know you don’t want to buy it for robots. No one wants to do that. People just want to get on board, they feel like it had its time of purgatory and it’s ready to roll. And no one wants to get away from it, they all want on it. It’s amazing.”
1. Bitmine Immersion Technologies, Inc. (NYSE:BMNR)
Number of Hedge Fund Holders In Q2 2025: N/A
Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is a Bitcoin mining company that also provides Bitcoin mining services. The firm found itself in the middle of media coverage on Monday after it announced that it held 2.4 million worth of Ethereum. Cramer has previously discussed Bitmine Immersion Technologies, Inc. (NYSE:BMNR) as well. In an August 14th appearance on Mad Money, he commented that “you don’t want to touch it.” The comments followed Cramer’s remarks in July, where he advised a caller to buy Bitcoin or Ethereum instead. This time, Cramer discussed Bitmine Immersion Technologies, Inc. (NYSE:BMNR)’s latest announcement:
“Well this is one of those things, you know, look, in the old days we would have said that this is something . . .that we gotta be careful of. Because, it reminds me of the Churchill, the Churchill IV, what was the one that, I remember David said listen, this one’s a little too high, and that was the end. It was the end. David killed Lucid. Killed it.”
Here are the CNBC TV host’s comments about Bitmine Immersion Technologies, Inc. (NYSE:BMNR) that he made in July:
“Alright, listen to me, sunshine, we don’t play that game. If you want to own that kind of stuff, just go buy some Bitcoin. Go, buy some Ethereum. I own them both. They’re fine.”
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