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 OpenAI’s role in the technology ecosystem and how the firm could target the businesses of major technology companies. Cramer discussed the firm after its announcement of a deal with AMD:
“I think that all these companies have to rethink and say, oh my, Altman’s really spending, I guess we got to spend more. I think there’s a belief that Altman could take every vertical, right now Meta’s got a social vertical, we know. Google’s got a search vertical, Microsoft’s got the enterprise. Well I don’t know, what does Sam want? Maybe he wants everything!”
After his remarks, co-host Carl Quintanilla commented that OpenAI was being criticized for framing itself as a social app, and a custom chip marketer, amongst other roles. In response, Cramer remarked:
“They say they’re the fastest grower. So what are the fastest grower? Well obviously you plug something in and you find out. . .you can do anything with ChatGPT. But I think you’re absolutely right. Why should they claim a vertical? They don’t have one? Why not claim every vertical. Just keep spending. Look they have broad dreams and I think the skeptics on Wall Street are going to struggle with how much money. They’re going to say it’s vendor financed. Vendor financed, let me just explain what that is. That means, they are going to give a company money, and that company’s going to give them money. That’s not going to happen and everyone’s wise to that.”
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 October 6th.
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).
16. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders In Q2 2025: 113
Monday was a great day for Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares after the firm announced a deal with OpenAI to supply it with chips and a 10% stake. Cramer discussed the deal in detail and interviewed CEO Lisa Su later during the show:
“Look I think this is verification of the total addressable market. I think it’s also verification that when Jensen Huang also went on Brad Gerstner’s excellent podcast, he talked about how there is no quid pro quo. They can take that money to whoever they want. Well they did! They went with the competitor. It also says that, and we’ll get to talk to Lisa Su, that her MI450 maybe equal or superior I think she’ll say to the current version. Of NVIDIA. We gotta find out. And then I also want to say to people, if you watched that interview with Sam Altman and John Ford and this gentleman we’re going to be interviewing, you really did come back with this is the closest relationship imaginable. And now we know that that’s not, why do they have to do it? I think it’s because there is such a big market, they feel like they have to. They don’t want to lose out to others. And Carl I think the skeptics are going to be there and they’re gonna say look, they don’t have the money. I will come back and say the skeptics were saying you know what last week, they made, NVIDIA made a sweetheart deal, a circular deal, lazy Susan deal, like give them money and then they get that back. I urge the skeptics to rethink how skeptical they should be. I think this is all real.
“No there shouldn’t be because a lot of people, except for Lisa Su, were saying look they’re not competitive, they’re not competitive. And when you got with Lisa, off the desk, she would tell you, look our next generation is equal, if not better. I wanna hear from Jensen, obviously I’m not going to make a judgement myself what do I know about the MI450 and how strong it is but obviously it means something.
“Lisa Su is amazing, okay. She’s amazing.”
15. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
NVIDIA Corporation (NASDAQ:NVDA)’s shares slipped after AMD and OpenAI announced a deal through which the latter would buy chips from the former. However, Cramer was unmoved by the shares going lower as he dismissed the idea that NVIDIA Corporation (NASDAQ:NVDA) would experience any slowdown in demand:
“Yes I mean a lot of people felt that there is going to be a big order from Broadcom. That didn’t happen. I know that what it says to me about NVIDIA is look, they got in there, and they have a bigger view because it’s ten gigawatt. The power is amazing, the amount they need. I think that, in the end, I know that this is going to sound fatuous, I think everybody wins. So NVIDIA goes down maybe five, six today. And then you have to buy it. Because I don’t think there’s any change in the demand.
“Jensen knows that Meta has to have social and glasses. He knows that self drive is Musk. He knows that robot is Musk. He knows that Google is search. No one wants to be Bing! This is about not being Bing! And I think people don’t understand, the shame of Microsoft that they [inaudible] Bing has been driving them for years.”
