In this article, we will look at the stocks on Jim Cramer’s radar as he highlighted that semiconductor and AI infrastructure stocks are currently in charge. The host of CNBC’s Mad Money said Wednesday that semiconductor companies are now driving the market while software companies have moved into the background.
The enterprise software cohort, once prized for its high growth and lucrative gross margins, is now growing much more slowly than the physical side of tech: semiconductors, hardware, the tools that allow for the artificial intelligence revolution… What’s working are the hardware stocks that power the data center and the soon-to-be-public artificial intelligence titans like OpenAI and Anthropic.
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Cramer said artificial intelligence is not going to force software companies out of business, but it is weakening the dominance software companies once enjoyed. He explained that AI is reducing the pricing power that many of those companies relied on, as firms like Anthropic are showing businesses that they can create similar coding solutions without paying the same premium prices that software providers historically commanded.
It is a new era, people. Semis are now in charge. Software’s taking a backseat. The biggest company is NVIDIA because it’s changed the world, especially the software world, with artificial intelligence and accelerated computing. Those companies that seem purpose-built for NVIDIA are disrupting the old world led by Microsoft, but including so many others, almost none of which will admit they’re in trouble… Here’s the bottom line: The world has changed. It’s fluid, but we’re not going back to the way things were. Not now, not ever.
Our Methodology
For this article, we compiled a list of 5 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 20. We listed the stocks in the order that Cramer mentioned them.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
5 Stocks on Jim Cramer’s Radar: NVIDIA, Astera Labs, and the Importance of Semiconductor Stocks
5. Equinix, Inc. (NASDAQ:EQIX)
Equinix, Inc. (NASDAQ:EQIX) was one of the stocks on Jim Cramer’s radar as he highlighted that semiconductor and AI infrastructure stocks are currently in charge. A caller sought Cramer’s opinion of the stock, and he replied, “Equinix, yes, it’s a great, it’s a great way to play the data center.”
Equinix, Inc. (NASDAQ:EQIX) provides digital infrastructure and data center services that enable global connectivity and digital experiences. It is worth noting that when a caller inquired about the stock on November 4, 2025, Cramer said:
No, no… it’s expensive. Your read on it is correct. I find other ways to be able to play cloud and data center that are better, and I think that have, to me, have more certainty to it. So I think you’ve made the right move. No need to put more money in Equinix. As far as I’m concerned, it’s okay, and I like to do better than okay.
4. Xometry, Inc. (NASDAQ:XMTR)
Xometry, Inc. (NASDAQ:XMTR) was one of the stocks on Jim Cramer’s radar as he highlighted that semiconductor and AI infrastructure stocks are currently in charge. Answering a caller’s query about the stock during the lightning round, Cramer said:
I know Xometry’s growing like a weed. I’m going to invite Xometry on. I don’t know them well enough to opine on the company, but I do know that it’s in the right space. Let’s get them on the show.
Xometry, Inc. (NASDAQ:XMTR) provides an AI-driven marketplace that connects buyers with manufacturing suppliers. It offers instant quoting, collaboration tools, cloud-based workflow solutions, and industrial sourcing services. The company also supports a wide range of manufacturing and production capabilities, including CNC machining, injection molding, 3D printing, sheet cutting, casting, prototyping, and finishing services. Liberty Park Fund stated the following regarding Xometry, Inc. (NASDAQ:XMTR) in its third quarter 2025 investor letter:
Xometry, Inc. (NASDAQ:XMTR) reported another better-than-expected quarter and continued >40% growth in its enterprise business. We remain positive on the company’s long-term onshoring and network potential, but we have taken some profits as the shares have soared.
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