Don’t Ignore This Market Rotation: Jim Cramer’s Views on Intel, Vertiv, TSMC, and More

In this article, we will look at the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. The host of CNBC’s Mad Money said Monday that investors should take advantage of steep pullbacks instead of running after brief rallies that often fade quickly.

Sometimes we buy hardware stocks and the goods that go into or help build data centers, like semiconductors and semiconductor equipment, while we sell all kinds of software stocks. Sometimes, we sell hardware stocks and buy those same software stocks that we threw away. We do more of the former than the latter… When we get a rotation and the losing software stocks power higher like they did today, they do so with a level of ferocity that makes you feel like the decline’s got to be over… Yet the rotations never seem to last… These stocks keep being whipped around thanks to various ETFs that treat stocks like playthings.

READ ALSO Jim Cramer’s 11 Stock Calls Including Marvell and Trane, and Caution About Overhyped AI Stocks and 8 Stocks on Jim Cramer’s Radar: CoreWeave, Vertiv, and Need for Lower Interest Rates

Discussing a way for investors to make money during these market swings, Cramer said investors should pull up the list of the 10 biggest decliners in the S&P 500 and look closely at those companies. If any of those businesses still have healthy balance sheets and reliable operations despite the selloff, he said the lower prices can create an opportunity to step in and buy. He said that if the fundamentals remain intact and the stock is simply “on sale,” then investors should “buy, buy, buy.”

Bottom line: I just showed you how to use the rotation to buy something, not aggressively, but gingerly on the way down, as we wait for all the variables I talk about, especially the endless back and forth about the war and about the Strait of Hormuz and nuclear materials to play out. We got to find out whether President Trump’s inability to bend Iran to his will is ever going to end.

Our Methodology

For this article, we compiled a list of 17 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 18. 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).

Don’t Ignore This Market Rotation: Jim Cramer’s Views on Intel, Vertiv, TSMC, and More

17. SOLV Energy, Inc. (NASDAQ:MWH)

SOLV Energy, Inc. (NASDAQ:MWH) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. Answering a caller’s query about the stock toward the end of the lightning round, Cramer said:

Yes, that is again, boy, we’ve got some really good ones tonight. That’s a great niche company, and I salute you for bringing it to our attention.

SOLV Energy, Inc. (NASDAQ:MWH) constructs and maintains large-scale solar and battery storage systems, managing the process from initial engineering through final setup. The company also handles ongoing upkeep and grid infrastructure support for utilities, project developers, and independent power producers.

SOLV Energy, Inc. (NASDAQ:MWH) reported its Q1 earnings on May 12.  The company posted a GAAP EPS of -$0.20 and revenue of $677 million. Its gross profit was up over 100% year over year to $119 million. The company’s net loss was $27 million, mainly due to a one-time, non-cash expense of $521 million tied to legacy equity award modifications from its recent IPO reorganization.

16. STMicroelectronics N.V. (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. A caller sought Cramer’s opinion on the stock, and here’s what he had to say in response:

We’re late, we’re late, we’re late. 51 times earnings does not make it for me, even if it’s a good company.

STMicroelectronics N.V. (NYSE:STM) is a semiconductor manufacturer that designs and produces electronic components, including sensors, power management solutions, and microcontrollers. Cramer was bullish on the stock when a caller inquired about it during the January 16 episode. He commented:

It’s cheap. It’s good. Now, people say it’s cheap. What do you mean?…  like 40 times earnings versus the others with growth? It’s actually okay. I would be a buyer of STMicro.

15. Devon Energy Corporation (NYSE:DVN)

Devon Energy Corporation (NYSE:DVN) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. During the lightning round, a caller asked for Cramer’s thoughts on the stock, and he commented:

Devon’s a buy, plain and simple. It’s exactly what you should be buying right here because they have tremendous natural gas, and that’s what we’re great at.

Devon Energy Corporation (NYSE:DVN) explores, develops, and produces oil and natural gas. The company operates in several basins, including the Delaware Basin and the Eagle Ford. During the March 11 episode, a caller noted that the stock looks undervalued to them due to the upcoming merger, and Cramer responded:

I agree with you. Great natural gas portfolio. It’s not necessarily going to be linked to the international, but there’s going to be a shortage of natural gas. We all realize that now. They’re doing a good merger. I don’t, I hesitate to recommend any oil and gas after this big run, but if it comes in, I’m going to say yes.

14. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. A caller asked if Cramer thinks there is potential for the stock to “skyrocket,” and he replied:

Well, my take is that it might not necessarily skyrocket… I think it’s going to go higher…. Whether I speak to Lip-Bu or I speak to anyone out there or you know Jensen, everyone’s says nothing but great things. And the more I look at it, the more I like it.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest semiconductor foundry, producing and selling integrated circuits and semiconductor devices. The company provides fabrication and other related services. A caller expressed a wish to add to their position in the stock during the May 6 episode, and Cramer responded:

They have more business than they can handle. What can I say? Even tonight, Arm Holdings said that they were going have this, all this business, but the problem is they can’t get all the chips they need from, yes, Taiwan Semi.

13. USA Compression Partners, LP (NYSE:USAC)

USA Compression Partners, LP (NYSE:USAC) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. When a caller inquired about the stock, Cramer stated:

I think that’s real. I think that’s real. Now, it did hit a 52-week high, but I think that’s been a, just another nice one to have, and it won’t go down as much as the others because it’s got that good yield. I think you got horse sense.

USA Compression Partners, LP (NYSE:USAC) provides compression and treating services, including dehydration and the removal of carbon dioxide and hydrogen sulfide, using its large fleet of equipment. The company supports oil companies, midstream entities, and independent producers.

12. Intel Corporation (NASDAQ:INTC)

Intel Corporation (NASDAQ:INTC) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. Cramer noted that the company “still can’t keep up with the demand,” as he stated:

A little over a year ago, when Lip-Bu Tan was named CEO of Intel, the stock was sitting at around 20 bucks. Now, after major cash infusions from the federal government and NVIDIA and some fabulous earnings surprises, it’s a $108 stock. One of the greatest turnarounds I’ve ever seen. And as we spotlight the companies helping shape the next chapter of American innovation, Intel’s become a major part of that story. Lip-Bu is friendly with pretty much everyone who matters in the industry. He told me, for example, that he talks to Elon Musk once a week, engineer to engineer.

Meanwhile, Intel’s high-end CPUs are now essential for the data center at a time when there are chip shortages all over the place. Intel’s been building out its domestic manufacturing capacity, exactly the kind of investment in American industry we’re focusing on in our invest in America, 250 years of innovation series. The most recent quarter was phenomenal, and they still can’t keep up with the demand.

Intel Corporation (NASDAQ:INTC) designs and manufactures processors, chips, memory, and related hardware. Additionally, it provides software, optimization solutions, and AI-enabled platforms.

11. AT&T Inc. (NYSE:T)

AT&T Inc. (NYSE:T) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. Inquiring about the stock, a caller asked if it is a “good time,” and Cramer replied:

No, I don’t want to be in AT&T, and I’ll tell you, I also am very concerned about rural. I’m very worried about Starlink. I think Starlink is, and I also think Leo from Amazon, both of those are going to be considerable competitors to the rural part of a company like AT&T.

AT&T Inc. (NYSE:T) provides telecommunications and technology services, including wireless communications, broadband, and internet solutions. During the April 29 episode, a caller mentioned their intent to sell after holding for some time, and Cramer replied:

Look, I like growth, and I like income. It gives you the income, but the growth side is not there. You know, honestly, I mean, if you wanted to own a stock that had growth and income, I would prefer you own a master limited partnership, some of those ones that have done really well during the war, that did really well before the war. I’m thinking about Enterprise Products or ONEOK. Why not go buy ONEOK? Swap out of that and go into ONEOK, and I’ll feel a lot better about it.

10. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. Cramer highlighted the company’s unsuccessful trial, as he remarked:

Finally, there’s Regeneron, which got blasted by a poor result on a metastatic melanoma cancer trial. I, along with many others, thought that this trial would succeed. You can’t buy a drug stock that falls that much on the first day of the decline. Most analysts seem to have keyed on this drug to recommend the stock. It’s damaged. There could be some more downgrades.

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) sells medicines for eye conditions, immune disorders, cancer, cardiovascular issues, infections, and rare diseases. A caller asked for Cramer’s thoughts on the company during the April 9 episode. The Mad Money host responded:

I think Regeneron, I think Leonard Schleifer’s doing an unbelievable job. I think the stock’s breaking out here, I really do. I mean, I looked at it for the Charitable Trust, that and Amgen, we bought another stock, but those are the two I really like.

9. Vertiv Holdings Co (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. Cramer commented on the company’s latest quarter, as he commented:

Vertiv had an amazing quarter, the best backlog of any of the data center stocks, but at 53 times earnings, I gotta say no thanks.

Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and manages power and cooling systems for data centers and digital networks. The company also provides services to keep these systems running smoothly and efficiently. A caller asked about the stock during the lightning round of the May 12 episode, and Cramer said:

Okay, here’s what I want you to do with Vertiv. I think they’ve got great orders. I think if you want to put a position on, you buy half and then you wait for a decline. If it doesn’t decline, that’s too bad because the stock is just, it is just a tiger right now, and I don’t want you to get burned.

8. Seagate Technology Holdings plc (NASDAQ:STX)

Seagate Technology Holdings plc (NASDAQ:STX) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. Cramer commented on the company’s valuation, as he remarked:

Seagate, again, too pricey, nearly 50 times next year’s earnings estimates. These are commodity companies.

Seagate Technology Holdings plc (NASDAQ:STX) makes hard drives, solid-state drives, and storage solutions for personal, gaming, and business use. Cramer mentioned the company during the May 4 episode and said:

The storage stocks, Sandisk, Western Digital, and Seagate, being the big three, just don’t know when to quit. They’ve been on insane runs because historically, we’re used to that industry putting up okay growth with fairly inconsistent earnings. Their stocks always had very low price-to-earnings multiples because nobody pays up for that kind of business, too boom, too bust. Suddenly, though, we’re building data centers all over the place, and these are warehouses full of servers that need colossal amounts of memory and data storage. That’s changed the game.

Let me give you just one example. Seagate had episodic earnings for years. In fiscal 2023, the 12-month period that ended in June 2023, they were barely profitable, making just 19 cents in non-GAAP earnings per share. In fiscal 2024, which ended in June, 2024, they made $1.29 per share. In fiscal 2025, they made $8.10 per year. Now, Seagate’s projected to make nearly $15 this year, fiscal 2026, then around $26 next year and $38 in fiscal 2028, which ends in June 2028. They’re practically printing money because there’s not enough storage to go around, so they can raise prices with impunity.

7. Sandisk Corporation (NASDAQ:SNDK)

Sandisk Corporation (NASDAQ:SNDK) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. Cramer highlighted the stock’s run over the last year, as he remarked:

Sandisk, that stock’s up more than 3,000% over the past 12 months. Even up here, it only trades at just 20 times this year’s numbers, but that may be too expensive versus Micron. Gotta let it come down more than today’s 5% decline.

Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives. Cramer discussed the stock during the May 6 episode, as he commented:

Right now, I think some people are getting the message at last that the computing AI revolution represents perhaps the greatest single trend of our lifetimes. Yet all I ever hear is people trying to talk you out of participating in this Manna from heaven machine. It’s too hard to stick with the winners long enough to make yourself rich because the critics always talk about how ephemeral the moves are, how dangerous they can be, or how much you’re going to lose if you don’t trade in and out. Like you can really catch those moves.

I say, no way. Consider this: If you put 10 grand into NVIDIA a decade ago, it’d be worth roughly, I don’t know, $2.4 million. How about that? But who had the fortitude to stick with this one for an entire decade? Sandisk, Western Digital, Micron, they’re all making you so much money, so was the… AMD, 66 points today. Yet there’s a whole cottage industry that exists just to scare you out of these winners. Today, it was the discussion of the gains in the data center stocks and how ephemeral they’ll be.

6. Corning Incorporated (NYSE:GLW)

Corning Incorporated (NYSE:GLW) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. Cramer showed hesitancy when it came to buying more of the stock, as he said:

Next, there’s Corning, another Charitable Trust company with another parabolic move, and it’s gotta come in more than just down 7%. The beatdown’s not enough to entice me to buy or at least buy more of it.

Corning Incorporated (NYSE:GLW) develops optical fiber, cables, and related hardware for telecommunications, and produces glass substrates for displays used in TVs, computers, and mobile devices. Cramer highlighted the company’s partnership with NVIDIA during the May 7 episode, as he stated:

Oh boy, this is a big week for Corning, the iconic American glass maker, ringing the closing bell here today to celebrate its 175th anniversary. But even though it’s old, the company’s more relevant than ever. They make everything from iPhone screens to the kind of optical fiber that’s used to tie everything in the data center together. Just yesterday, NVIDIA announced a major new partnership with Corning to expand their optical connectivity manufacturing capacity by a factor of 10. Basically, NVIDIA’s taking a big position in Corning to fund that expansion, which is why the stock shot up 12% yesterday. And this is something that’s already quadrupled over the past 12 months. Big win for my Charitable Trust, by the way, for both…

It’s a long-term bet on the comeback in the American industry. As America marks its 250th anniversary, these are exactly the kinds of companies we want to highlight, businesses betting on innovation, manufacturing, future of American industry. And that’s not the only big news out of Corning this week. On top of the NVIDIA deal, they also held an investor day yesterday. Management issued some very bullish long-term financial targets. The glass maker with major exposure to the data center via its optical fiber said it’s now targeting an annual revenue run rate of $20 billion by the end of this year, $30 billion by the end of 2028, possibly $40 billion by the end of 2030. Good luck finding another 175-year-old company of that kind of growth.

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