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.”
13. Comerica Incorporated (NYSE:CMA)
Number of Hedge Fund Holders In Q2 2025: 43
Comerica Incorporated (NYSE:CMA)’s shares hit an all-time high after the firm announced a merger with Fifth Third Bank that is expected to create the 9th largest bank in America with $288 billion in assets. The CNBC TV host couldn’t stop praising Fifth Third in his remarks:
“This is very important. I don’t think that you would even think about doing this under the previous administration. These are very large banks combining in a way that will make it so that they will be dominant banks in certain areas. That had been something that the previous administration did not favor. I was critical of Comerica earlier, and the reason why I want people to understand. The way I look at things, I look at win/loss. Okay. And this bank was at 99 dollars seven years ago, it was at 99 dollars three years ago. It’s at 70 dollars now. It is a huge underperformer. The franchise has always been the one that people said, oh, they’re the ones that are supposed to be in trouble. But they got the branch network. And when you put them. . .when you put Fifth Third which is a sterling bank, in there, suddenly you’ve got arguably a national power. Or at least a super regional that is to be reckoned with. I think it’s a brilliant deal.
[on whether a discount to a 22 high across the board would make it a sustainable trend] For some, yeah. I mean I’m meeting with a bunch of regional banks. . .I was quite surprised a lot of them have moved greatly and some not when I was looking at the cohort. Comerica has been the lead in the game. . .they have not developed into a great bank. But they are everywhere, and it’s so great for Fifth Third. You want to be a buyer of Fifth Third into this week because I think it’s spectacular.
“You see that Comerica is just nowhere. And they’re often mentioned as the one that has the bad balance sheet. Look they’re not terrible. It’s just that, I want to, see Fifth Third is not down and I think that’s right. Cause Fifth Third suddenly becomes the bank. Even in the 80s, in the 90s, they were always pristine. They have a great reputation. So that’s, you take a great reputation bank, you merge it with a bank that has a lot of branches, and you got a super regional to rival PNC.
“[On whether there would be any policy push back] You know what, I think that you can make the case that we have four thousand banks in this country, four thousand companies and so therefore we shouldn’t challenge it. I don’t this administration would challenge it. I think that this creates a strong regional that therefore can help the reshoring, it’s that kind of thing. Interesting deal, I mean we gotta get used to these things.
“Look this is going to be one of those banks that you’re going to be looking at and saying wow their footprint is everywhere. In the middle part of the country. And the middle part of the country is very, very strong. I’ve been studying some banks in Texas, bank in Memphis, bank in North Carolina, away from area, the growth is extraordinary. Now how much of it is data center? It doesn’t matter! It doesn’t matter! Because what happens, you up a data center and then a dry cleaner opens up and then. . .the next thing you know you get a couple of men’s stores. And I’ve got to tell you that is happening. That is what I see happening. People should realize that there is a multiplier effect.”
13. Nike Inc (NYSE:NKE)
Number of Hedge Fund Holders In Q2 2025: 81
Cramer frequently discusses Nike Inc (NYSE:NKE) and the firm’s ongoing turnaround under CEO Elliott Hill. In his previous comments, he has pointed towards Hill’s passion for sports as a factor that could help the firm. Following Nike Inc (NYSE:NKE)’s fiscal first quarter earnings, the CNBC TV host called the earnings conference call one of the “most encouraging conference calls of the year.” This time, he maintained the optimism surrounding Hill:
“Oh I love it and I love Elliott Hill. I think he’s turning it around. I can’t wait to hear Sarah’s interview. My charitable trust has been buying the heck out of it. Why? Because this fellow, Elliott Hill, he’s about sports, he’s competitive. He’s monstrously competitive. I mean this guy, he does not want to lose and he will not lose because he’s got such a great brand and they can make a comeback. When you talk with him he says, you know who’s, New Balance. . I wanted to go with something that was more like ONON, he goes New Balance. Because he knows who the runners are. He backs the runners.”
12. Klarna Group plc (NYSE:KLAR)
Number of Hedge Fund Holders In Q2 2025: N/A
Klarna Group plc (NYSE:KLAR) is a financial technology company that provides banking, payment, and advertising services. In his previous comments, Cramer has remarked that the firm is “heading in the right direction” with regard to profitability. This time, he discussed Klarna Group plc (NYSE:KLAR)’s footprint and management:
“Yeah I don’t want to lose sight that’s buy-now, pay-later, IPO, Klarna. Very good company. Most of the analysts who like it, I think that’s a sense that we can’t lose, we can’t lose sight that there’s these deals that happen. Then they sell off. And then suddenly the analysts really do like it. This is different fro say Circle, where they, the public just took it up. I like the company very much, but it’s a crowded field. Now they have a huge footprint, worldwide footprint, I think it’s a very good, I met with the company years ago and they told me, look this is what’s going to happen. Everything they said happened. Which brings me to a theory. That we have to be careful. We have really smart people who are in business. These are fellows are from overseas, and they make claims. And you can sit there and say, that is pie in the sky. Cause I was one of the early people that they met for the Street.com. Or you can say, you know what, we gotta listen. This guy, is making promises. He may deliver on them. Far exceeded the promises. People do that.”
11. Verizon Communications Inc. (NYSE:VZ)
Number of Hedge Fund Holders In Q2 2025: 71
Verizon Communications Inc. (NYSE:VZ) made a splash after it announced that it would bring on Dan Schulman as it CEO. Cramer was enthusiastic about the new appointment, which is in contrast to his previous views about the firm. In his earlier appearances, the CNBC TV host has called Verizon Communications Inc. (NYSE:VZ) “okay” and praised the firm for its dividend. This time, he outlined that while the firm has been an underperformer, the new CEO could shake things up:
“Welcome back. Dan Schulman. He was at PayPal and look I think that near the end it was a struggle. But there have been many, many years that Dan’s been great. I can’t wait to see him again. Dan is a guy who is a humanist. I mean he’s a CEO who cares about the people who work for him. And I can’t wait to hear what his vision his. Because I think Verizon’s been an underperformer and I don’t think Dan’s going to stand for that.”
10. Starbucks Corporation (NASDAQ:SBUX)
Number of Hedge Fund Holders In Q2 2025: 66
Starbucks Corporation (NASDAQ:SBUX) is a frequent feature of Cramer’s morning show. The firm is currently in the midst of a tough turnaround spearheaded by CEO Brian Niccol. Recently, Niccol announced that Starbucks Corporation (NASDAQ:SBUX) would lay off 900 employees and close underperforming stores as part of the turnaround. Cramer discussed the turnaround in detail after it was announced. He opined that Niccol was shutting down locations that he believes don’t align with his vision of being traditional coffee houses. Cramer also defended the Starbucks Corporation (NASDAQ:SBUX) CEO and added that Niccol doesn’t “throw people under the bus,” which was one of the reasons he had held back on the layoffs. This time, he explained that some people were having a tough time finding optimism around Starbucks Corporation (NASDAQ:SBUX):
“We gotta see what happens, by the way, with Starbucks. There’s a lot of people who are betting lately against Brian, Brian Niccol. They feel like the bloom is off the rose there.”
9. Abercrombie & Fitch Co. (NYSE:ANF)
Number of Hedge Fund Holders In Q2 2025: 39
Abercrombie & Fitch Co. (NYSE:ANF), the well-known apparel company, has experienced quite a bit of turmoil in 2025. The firm reported its second-quarter earnings in late August. The results saw the firm post $1.21 billion in revenue and $2.32 in adjusted earnings per share. Both of these beat analyst estimates of $1.20 billion and $2.30. Abercrombie & Fitch Co. (NYSE:ANF)’s midpoint revenue growth guidance of 6% for the current quarter also beat LSEG estimates of 4.3%. However, the shares nevertheless dipped after the earnings as the firm’s comparable sales dropped by 11%. Cramer’s previous comments about Abercrombie & Fitch Co. (NYSE:ANF) pointed out that while the firm is facing inventory problems, they were “fixable.” The CNBC TV host also called the firm a “good growth company” and added that he wouldn’t write it off. He kept the optimism for Abercrombie & Fitch Co. (NYSE:ANF) this time as well:
“ANF is hard to bet against. People hated that last quarter. I didn’t but you know what, I’m not the analysts.”
8. Shake Shack Inc. (NYSE:SHAK)
Number of Hedge Fund Holders In Q2 2025: 39
Fast food company Shake Shack Inc. (NYSE:SHAK) caught Cramer’s attention after co-host Carl Quintanilla mentioned that Bank of America had downgraded the stock to Underperform from Neutral and cut the share price target to $86 from $148. Like other restaurant chains, Shake Shack Inc. (NYSE:SHAK) has struggled in 2025 as inflation-weary consumers cut back on their spending. Cramer has discussed the firm several times in 2025. Recently, he pointed out that Shake Shack Inc. (NYSE:SHAK) was forced to run advertising campaigns for its deals as it had been forced to cut prices. He has also opined that analysts have had high growth expectations for the firm. This time, despite the Bank of America price target cut, Cramer thought that Shake Shack Inc. (NYSE:SHAK) might be worth it:
“I had SHAK on. I was impressed, thought it might be a good buy.”
Here are his previous thoughts about Shake Shack Inc. (NYSE:SHAK):
“During earnings season, when a stock comes in maybe too hot, even a good quarter might not be enough to prevent it from pulling back. Take Shake Shack, iconic burger chain. Last Thursday morning, the company reported a pretty clean top and bottom line beat with its highest restaurant level margins in six years, which is what I care about. Yet some people thought there was a fly in the ointment. Shake’s same-store sales grew at just 1.8%. Analysts were looking for 2.2%. Give me a break.”
7. Papa John’s International, Inc. (NASDAQ:PZZA)
Number of Hedge Fund Holders In Q2 2025: 28
Cramer commented on Papa John’s International, Inc. (NASDAQ:PZZA) after co-host Carl Quintanilla mentioned a Bank of America analyst note that has cut the share price target. In its note, BofA analyst Sara Senatore downgraded Papa John’s International, Inc. (NASDAQ:PZZA)’s shares to Neutral from Buy and cut the share price target to $50 from $62. The analyst commented that income disparity in the US was growing and the pressure on younger workers meant that full-service restaurant stocks might be better off due to their established customer base. Cramer discussed the note in the context of eating at Chili’s and how he’d spent more money at the restaurant. However, he wasn’t completely on board with BofA’s reasoning for Papa John’s International, Inc. (NASDAQ:PZZA):
“And Papa John’s is doing well but the pizza area is crowded. They’re saying that people who go out have more money than those who doing well. . .Brinker, my problem with that is, Chili’s, it’s ten dollars. It’s like, no, when I go to Chili’s I don’t spend a lot of money. I spend a lot of money versus say like a pizza. But I thought the reasoning there was suboptimal reasoning, suboptimal reasoning, definitely.”
6. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q2 2025: 335
Cramer has discussed Amazon.com, Inc. (NASDAQ:AMZN) several times in 2025. Recently, he called the firm an “underrated AI story,” after discussing its cloud computing business and in-house chips on several occasions. While Cramer was initially skeptical of Amazon.com, Inc. (NASDAQ:AMZN) relying on the in-house chips instead of buying NVIDIA’s products, he changed his mind later on and pointed out that the shares had dipped after the firm’s latest earnings report due to the AI chip concerns. Cramer also recently commented that he couldn’t “remember” what was wrong with Amazon.com, Inc. (NASDAQ:AMZN), and this time he discussed the overall sentiment surrounding the firm:
“Well we have a big Amazon event coming up. I think that could matter. A lot of people feel that Amazon, I’m never going to say they lost their way, they’re too smart. But that Amazon, has been, ho-hum, and I don’t think Andy Jassy feels it’s been ho-hum. But your record is your record. And, right now, he’s got the L for the year, not the W.”
5. Tesla Inc (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q2 2025: 115
Cramer discussed Tesla Inc (NASDAQ:TSLA) ahead of its EV event yesterday that saw it launch new versions of the Model 3 and Y, which were priced below $40,000. He commented on Musk’s relationship with the US government and President Trump:
“[On upcoming event] I still think it’s been underrated how much that company changed when he broke free of the President. Or when he split with the President. Now I don’t want to be political about it, but there were a lot of people who were saying, listen, we got the expiration credit and there’s a lot of people who just said, okay, he’s not, I’m not making a statement that I’m buying a Trump card. Remember the country’s split in half.
“[On his comments on TSLA in the book commenting on Musk’s political involvement comes at a price and he couldn’t recommend the name as highly as he would otherwise] I can and I do say I never bought it because I felt he was erratic, ill-tempered, a person who, whose judgement could be in question. And I think that anyone who saw him in Washington would tend to agree with me. You saw someone who was frantic, someone who I think did many, ill-considered, took many ill-considered actions and then he got out of there and he attacked the President in a way the President has not been attacked. The President actually showed, graciousness.”
4. Ford Motor Company (NYSE:F)
Number of Hedge Fund Holders In Q2 2025: 45
Cramer has started to frequently discuss Ford Motor Company (NYSE:F), particularly after the EV credits for purchases expired recently. He believes that the firm is in a great position to capitalize on the demand for hybrid vehicles. The recent comments are a shift from his remarks earlier in the year, where he had repeatedly discussed Ford Motor Company (NYSE:F)’s warranty costs and their impact on the income statement. Cramer believes the firm’s upcoming Bronco launch could serve it well, and this time he recommended buying Ford Motor Company (NYSE:F):
“I like that upgrade. People are missing the fact that Ford, been waiting, they’ve been, you know Farley’s such a good guy. He’s got the best hybrids, okay. And we’re going to go to be a hybrid country, I believe, not an EV. And he’s ready. And that’s why that stock is sneaking up. I would buy Ford. I would buy Ford. I think this is Farley’s time.”
3. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders In Q2 2025: 94
Micron Technology, Inc. (NASDAQ:MU) is a semiconductor company that designs and manufactures memory chips. It has come under investor attention during the current AI wave due to its HBM memory chips that are essential for AI GPU function. Cramer has discussed Micron Technology, Inc. (NASDAQ:MU) several times recently, and in nearly all of his appearances, the CNBC TV host has praised its CEO, Sanjay Mehrotra, for being humble. His remarks during the Monday Squawk on the Street appearance followed this theme as well:
“[On Morgan Stanley upgrade] Yeah I mean look you had to buy it right after they reported the quarter and then the stock went down badly. Of course it went down for no reason whatsoever.
“Look, Sanjay came on our show, Sanjay Mehrotra, from Micron, and he, he is a humble person. And the stock got clobbered in part because he didn’t say me, me, me. I’m great, I’m great, I’m great. That’s not his nature. That’s what a fifth grader does. He’s not a fifth greater.”
2. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q2 2025: 219
Cramer has discussed Alphabet Inc. (NASDAQ:GOOGL) for a myriad of reasons in 2025. His recent comments have focused on the firm’s legal confrontations and quantum computing. Cramer has regretted selling Alphabet Inc. (NASDAQ:GOOGL)’s stock due to its troubles with the Justice Department and called it one of the leading players in quantum computing. This time, he discussed Alphabet Inc. (NASDAQ:GOOGL)’s dominance in the search engine industry:
“Look I mean I didn’t think that Google had it. I thought that the judge was going to stop them. I thought that no one was going to go from Google, to Gemini. Well it turns out if you go to Google, you don’t need to go to anybody. When I got at Street.com, what we did was we made a deal with Google. We knew that they would refer traffic to us. That’s how we became a big company. Of course then we shrunk, but, that’s how everybody was relying on. Now Google keeps the traffic because Google’s so good. I did not expect that. I misjudged Google. I feel awful about that.
“It seems like it’s a quantum computing stock, it’s a rocket ship, it’s a uranium play. . .”
1. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders In Q2 2025: 78
Palantir Technologies Inc. (NASDAQ:PLTR) is another stock that Cramer frequently comments on. He has often reminded viewers that he was the first to predict that the shares would cross the $100 level. In this episode, Cramer discussed a Reuters report that claimed that Palantir Technologies Inc. (NASDAQ:PLTR)’s software for the army had vulnerabilities. The firm denied the claim, and Cramer discussed the stock price reaction following the report:
“It’s going to burst right through. I love the way the stock reacted to the idea of Reuters story which said that the army, that there was an actual kind of breach. And then immediately Karp comes out and says that’s solved, what are you doing. And so then the buyers came back, 4 am the buyers came back with a vengeance. They’re in there taking it, moving it up 5. Palantir, the Palantirians are more vociferous than the NVIDIAns.”
Here are Cramer’s previous comments about Palantir Technologies Inc. (NASDAQ:PLTR):
“I was wondering, I saw Palantir down today, Palantir I said 50 goes to a 100, 100 goes to 150, 150 goes to 200. But, this is a company that does a lot of business.”
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