During the most recent episode of Mad Money, which aired on Tuesday the 27th of May, Jim Cramer opened with a passionate defense of the artificial intelligence boom, warning viewers not to dismiss the biggest force currently driving the market:
“We can’t afford to get sick of the artificial intelligence story. It’s driving so many big moves from major players. Yet, I see the yawns. I hear the cat calls as if it’s all over and done. As if it’s all unimportant. And that, my friends, is dead wrong.”
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He doubled down on his long-standing bullish stance on Nvidia, calling out Wall Street’s narrow obsession with hyperscaler demand and emphasizing the company’s overlooked industrial and sovereign partnerships:
“We’re thinking way too small about this amazing company somehow being trapped by the possibility of weaker revenue numbers. […] This is a new industrial revolution, people. Selling Nvidia here, it’s like selling the steam engine 200 years ago before it really got rolling. All aboard.”
Finally, he concluded the segment by spotlighting four tech giants—Jensen Huang of Nvidia, Tim Cook of Apple, Elon Musk of Tesla, and Marc Benioff of Salesforce—calling them the key visionaries of this new era:
“The bottom line. The four biggest names in tech and all business honestly are wrestling with AI every day. Oh, and you want to be bored with it? You want your eyes to roll? Oh, be my guest. But I think you’ll miss on a lot of games that will be taken by the those who refuse to write off this technology is some sort of scam, including the big four that I just tapped tonight.”
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the Mad Money episodes that aired between the 21st and 24th of May 2024. We then calculated their performance for the past 12 months, until May 23rd, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q1 2025 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.
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).
11. Arm Holdings plc (NASDAQ:ARM)
Number of Hedge Fund Holders: 42
In that older episode, a caller asked about the future of Arm Holdings plc (NASDAQ:ARM), particularly after a mixed earnings report at the time. Cramer responded:
“You’re right, the last earnings report wasn’t the best. But the stock is up since René [Haas] gave you that. He gave a good price for that underwriting. It went all the way up and then gave back some, but they are here to stay. That is maybe one of the highest-growth companies. I think it’s a lot better than Qualcomm. Everybody’s crazy about Qualcomm — I’m backing René, I think he’s real good.”
Cramer’s belief in ARM was right as the stock has climbed 10.94%. Arm Holdings plc (NASDAQ:ARM) continues to dominate the chip licensing space, especially in mobile and AI edge computing, following its blockbuster IPO.
Cramer remains a big fan of the stock and thinks it should even trade higher. Here’s what he said on the 2nd of May this year:
“What else? Can Arm Holdings mount a comeback without strong cell phone sales? I think the year when we realized, this is it, this is the year we realize that Arm’s in everything. It deserves a higher price-to-earnings multiple.”
10. Nextracker Inc. (NASDAQ:NXT)
Number of Hedge Fund Holders: 41
In that older episode, a caller asked about Nextracker Inc. (NASDAQ:NXT), which had surged in price by then. Cramer expressed strong conviction:
“It’s killing me. I was talking to Jeff Marks — I said, ‘Can you believe that Su [CEO]?’ That thing had game today. It’s like a First Solar. Come on. We’re going to have to address that — it went up a lot, but I’m still a believer in Su even at these levels.”
Cramer was right to stay confident as Nextracker rebounded 9.22%. Nextracker Inc. (NASDAQ:NXT) provides solar tracking systems that maximize energy production efficiency for utility-scale solar installations around the world.
Cramer appeared neutral the last time he spoke about the company. Here are his comments from April 29:
“Okay, I do believe, look, it had a good quarter. I did think that the president did not really care for wind, but this kind, he doesn’t mind this. This is technology all made in America, so I think you’re okay. Not great, not bad.”
9. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 108
In that older episode, a longtime investor asked Jim Cramer whether it still made sense to hold The Walt Disney Company (NYSE:DIS), given its weak stock performance at the time, despite the return of CEO Bob Iger. Cramer responded:
“We got to blow out a lot of Disney for the club when it was higher — thank you Nelson Peltz for doing that, although I think he doesn’t get enough credit for actually moving the stock higher. It’s now all the way back down where we are inclined — at $100 — to buy more. So we’re inclined to buy it. And you’re a club member, then you know this is a very good level. The stock has gotten too cheap.”
Cramer was reasonably accurate here as the stock dropped to $80 before bouncing back up. Now overall 9.00% up since his suggestion. The Walt Disney Company (NYSE:DIS) is balancing streaming strategy, content cost control, and park growth as it navigates the post-Iger-return transformation.
Talking about investors who sold the stock before it bounced back, Cramer said the following on May 15:
“Look, these things occur every day around here. Think about what happened to the stock of Disney in the last few months… A month ago, it was at $82…. People were buzzing about how the theme parks are too expensive. The sports entertainment’s too expensive. The movies are either too woke or not woke enough, depending on who you ask. You never heard anyone say, did it got the right amount? Now, one month later, Disney’s at $112 pretty much in a straight line.
The company reported a terrific quarter. Turns out people are willing to pay top dollar for the theme parks. The sports deals are making plenty of money. And I guess the movies, well, let’s say they hit the Goldilocks level, not too much, not too little. Same company, just written off by the pessimists, the ones who gave up on all that excellent expertise and intellectual property, think of the money that they didn’t make.”
8. Corning Incorporated (NYSE:GLW)
Number of Hedge Fund Holders: 67
Back in that episode, a caller asked whether Corning Incorporated (NYSE:GLW) could benefit from the AI and data center boom. Cramer was skeptical given the company’s long-term track record:
“I’ve loved Corning. I used to call in that area up there with the horse heads — that’s the name of the town, Corning, New York. But I’ve got to tell you, this company has failed ever since 1999–2000 when it over-earned. It has not been able to generate the kind of return I’ve wanted. I would not be a buyer all the way up here. I just can’t come up with a thesis.”
Cramer was wrong here as Corning rallied 33.89% after he dismissed it. Corning Incorporated (NYSE:GLW) is capitalizing on demand for specialty glass and optical technologies driven by AI data centers and high-speed connectivity.
7. Axon Enterprise, Inc. (NASDAQ:AXON)
Number of Hedge Fund Holders: 61
At the time, a caller asked if it was worth adding to a position in Axon Enterprise, Inc. (NASDAQ:AXON) after the stock had pulled back. Cramer expressed some hesitation and suggested only buying the stock if it dropped even further, saing:
“I thought Rick Smith did a great job. I think the quarter was really good. The stock sold off because it’s been just an incredible juggernaut. I would hold off right now. I think you could probably buy that stock at $250 if it gets there. People hate the chart or whatever — but then you’ll be at the right level. The stock does have a high price-to-earnings multiple, so I’m a little more skittish than I would be otherwise.”
Cramer’s caution was misplaced since Axon surged 161.21% after his suggestion to wait. Axon Enterprise, Inc. (NASDAQ:AXON) is revolutionizing public safety with body cameras, TASER devices, and AI-powered evidence management platforms.
Cramer advocated for the stock recently and included it in his list of stocks that are worth buying right now. Here are his comments from April:
“Remember Axon? We had Patrick Smith on. That’s, well I got to tell you, this used to be a taser and people still think it’s taser. It’s a decent business but not a big one. What this company really is now, is the dominant software-as-a-service system for law enforcement in cities all over America. Its body cam system is the gold standard. Its AI work gets rid of the drudgery of filling out and reports gives police officers more time to do their actual jobs. The best? The bad guys plead guilty because it’s all on tape.”
6. Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX)
Number of Hedge Fund Holders: 19
In that older episode, a caller brought up Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX), highlighting a recent announcement and its link to Nvidia. Cramer backed the speculative play:
“They do have an investment — and it’s a serious investment — by Nvidia in them. I think, therefore, it’s a terrific spec, and I would buy it.”
Cramer’s speculative enthusiasm didn’t work out as the stock dropped 54.82%. Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) uses machine learning to accelerate drug discovery, integrating high-throughput biology with AI-driven insights.
Jim Cramer remains hopeful for the biotech company. He even gave a bullish thesis for the stock in April:
“Alright, we got some news from the FDA that’s impacting the stock. I don’t normally do small caps, but there’s an FDA announcement, plan to phase out animal testing requirements for monoclonal antibodies. By the way, Regeneron, biggest in that. But what they’re gonna do is you gotta do it AI. And the AI company that has it, I’ve had them on, is Recursion Pharmaceuticals, RxRx, backed by Jensen Huang and NVIDIA. And they’re going to be the winner in how we decide much faster to have drugs approved in this country. It’s the first real deregulation I’ve seen. Congratulations to the people who are trying to deregulate.”
5. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)
Number of Hedge Fund Holders: 17
In that older segment, a caller asked about Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a small-cap defense name. Cramer was a fan:
“I like defense contractors. There are very few small ones. That is one we’ve liked since $11. I think you stay long it. Maybe even buy more.”
Cramer got this one right with Kratos jumping 69.86% since. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) specializes in tactical drones, satellite systems, and defense tech supporting modern military applications.
4. The Gap, Inc. (NYSE:GAP)
Number of Hedge Fund Holders: 41
In that older episode, a young viewer called in with a question about The Gap, Inc. (NYSE:GPS), asking Cramer to comment on the stock and explain some basic investing terms. The stock had been holding up despite a broader market decline. Cramer was impressed and replied:
“Gap is one of the stocks that bucked the onslaught today. That’s a really, really good sign. It does report next week and I think it’s going to be an excellent quarter. So I say own it — and maybe buy some more if it goes down again tomorrow.”
Cramer’s optimism was spot-on as Gap rallied 36.43% over the past year. The Gap, Inc. (NYSE:GAP) is regaining retail relevance by focusing on disciplined inventory management and brand revitalization across Gap, Old Navy, and Athleta.
Jim Cramer recently recommended his viewers to buy shares of the retailer. Here’s what he said on May 23:
“Hey, speaking of retail, ever since Richard Dickson became CEO of the Gap, almost two years ago, he’s been busy reinventing the place. We’ve had him a number of times. It is working people, and since the last quarter, analysts have been falling all over themselves about this story. And now here’s one that if it comes down ahead of the quarter, you have my permission, no, my blessing to pull the trigger and do some buying. Fall into the Gap.”
3. Sony Group Corporation (NYSE:SONY)
Number of Hedge Fund Holders: 23
In that older episode, a caller brought up Sony Group Corporation (NYSE:SONY), pointing out that the stock was underappreciated despite strong fundamentals, a stock split, dividend boost, and buyback. Cramer said:
“I like it. They’ve got to get out of this… They’ve got to tell me, ‘Listen, we’re not interested in a takeover,’ because I just like the stock as is. And it’s been weighed down by the takeover talk.”
Cramer’s faith in Sony paid off handsomely with a 58.99% gain. Sony Group Corporation (NYSE:SONY) blends gaming, entertainment, and consumer electronics under one powerhouse brand, with PlayStation as a major growth driver.
2. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 115
In that episode, a caller asked about Eli Lilly and Company (NYSE:LLY), particularly in relation to the competition with Novo Nordisk and its weight-loss drugs at the time. Cramer was enthusiastic back then, saying:
“We had this group 100X on the other day and they did a study about how people feel about Lilly versus Wegovy — about how they feel about Zepbound versus the product from Novo Nordisk — and without a doubt, in a head-to-head contest, Lilly is so far and away the winner. I just say you’ve got to own the stock. Let’s hope it comes in so we can buy more.”
Cramer’s bullish stance was premature as Eli Lilly fell 11.72%. Eli Lilly and Company (NYSE:LLY) remains a leader in obesity and diabetes treatment innovation, with Zepbound driving major growth in the pharmaceutical pipeline.
Despite the setbacks, Cramer recently advised a caller of the show to buy more. Here’s what he said on May 12:
“I want you to buy more… The reason why you want to buy it is because there was definitive data that came out last night about Novo Nordisk not being anywhere near as good as Eli Lilly when it comes to weight loss, which is what a lot of people are in the GLP for. And it was not reflected because the things were so crazed because of what the president announced. I think the stock could be up a hundred points when people realize, wait a second, it is definitively better than Novo. I would buy Eli Lilly handover fist.”
1. Arista Networks Inc. (NYSE:ANET)
Number of Hedge Fund Holders: 78
Back in that episode, a caller proudly told Cramer he became a millionaire, partly by buying Arista Networks Inc. (NYSE:ANET) for his mother-in-law. He asked whether to hold or sell after a recent pullback. Cramer responded with confidence:
“Arista had an unbelievable quarter. And [CEO] Jayshree’s doing a terrific job. Look, all these stocks are a little bot right now, but I think you want to own it and buy into the volatility.”
Cramer made a solid call here as Arista is up 21.03%. Arista Networks Inc. (NYSE:ANET) delivers high-performance networking equipment and software that powers cloud data centers and AI workloads.
More recently however, while addressing the company’s most recent earnings, Jim Cramer said he prefers another stock of Arista. Here are his comments from the 16th of May:
“Arista Networks had a better quarter this time than the previous quarter. At the same time, I will tell you, here’s what concerns me: I think Cisco did a better job this quarter and is taking some of their business. I’d rather have you go with Cisco, which is a much cheaper stock.”
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