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 a Deutsche Bank note about AI spending. In its note, the bank warned that “AI machines—in quite a literal sense—appear to be saving the U.S. economy right now.” It added that “In the absence of tech-related spending, the U.S. would be close to, or in, recession this year.” In fact, the bank’s accompanying chart demonstrated that if technology spending is removed from the equation, US GDP growth might sit below 1%. Commenting on the piece, Cramer said:
“I think that’s a very important piece. And I think that should be in everybody’s mind. So that you could understand why when you get a print of the GDP, you don’t know how much of this growth, is very good, is this incredible wave of building? We don’t know.”
The conversation then shifted to speculative stocks. Cramer has been discussing them throughout this week, and this time he mentioned some speculative market sectors. “No but Carl, I just don’t like the sound of everything. I mean, especially when it comes to quantum computing, when it comes to nuclear, and when it comes to Bitcoin. I’m worried. I’m worried!” he said.
Delving deeper, the CNBC TV host remarked:
“I think the speculation has to come out of the market because I think that these stocks have gone on so far that we’re seeing insider selling. A lot of companies do not make any money, and a lot of people are concerned that that’s exactly what it looked like in 2000. David was using a 1997, 1998 analysis, but there’s a part of the economy that’s right now is in the year 2000. All you have to look at is do they have revenues? How much money are they losing? If they are losing a lot of money, it’s a good time to ring the register.”
Yet, even though he’s worried about quantum computing, Cramer still believes that the technology can help solve the problem of high AI energy use. “Look, I think that [laughs], we’re gonna be with quantum in 2030 and quantum doesn’t burn hot. Quantum’s the hope. By the way glass instead of copper’s the hope,” he said.
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 25th.
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).
15. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders In Q2 2025: 82
Intel Corporation (NASDAQ:INTC) has been in the news throughout 2025 due to several seismic shifts, such as a new CEO and an $8.9 billion investment by the US government. In this show, Cramer discussed media reports suggesting that Intel asked Apple for an investment as well:
“Well it could be, I don’t think either company really has, it’s neither here or there, it’s just reported, I know that Intel is looking for fundraise wherever they can, that’s Lip-Bu Tan, he recognizes the balance sheet can’t sustain with what they want to do. Doesn’t mean they can’t do exactly what they’re doing now, but they have big plans. David, we’re at that moment now, where I think we should be, let’s say suspect, suspicious, of any of these things. Because, the idea that Intel is like a flailing company, the stock has moved up big. We know that they’ve got money from a bunch of people. They have government money, they have Softbank money, uh, they have NVIDIA money. I think that they could be interested in money from anyone. I don’t know why this came down to Apple. Apple does not have a close relationship with Intel.
“[When asked what it could signify] Nothing. Yes. Well I mean look, you have a picture of a cow field you know. Intel’s supposed to be building a plant. Look Intel’s a real company. It’s not a joke company. It’s got to be saved. Everyone recognizes it’s a national treasure. But we could speculate about this, I could replace that with Oracle if you wanted to. I’m being serious. I’m saying that may not be a serious story.
“Well I think Lip-Bu’s been very honest about needing more money. So I think that he would talk to anybody. Carl I think the more important story right now is that we have a wholesale rollover in speculative stocks this morning. Everyone, so it may, Intel’s obviously important because the story was broken, but everything’s down and they’re down bad. Nuclear’s down really bad, quantum’s down really bad except for IBM, everything is down that has been what I called the riskiest part of the market.”
