Jim Cramer Called SpaceX A Meme Stock & Discussed These 5 Stocks

3. Nvidia Corp (NASDAQ:NVDA)

Number of Hedge Fund Holdings in Q1 2026: 275

Once Wall Street’s AI darling, Nvidia Corp (NASDAQ:NVDA)’s shares have been muted in 2026. They are up by a modest 12.5% year-to-date. Despite the modest performance, Cramer has remained one of the firm’s biggest supporters. Even as SpaceX was gearing up to list its shares on the market, the CNBC TV host asserted that NVIDIA, and not the aerospace-turned-AI company, was the key to the market. Nvidia Corp (NASDAQ:NVDA) made headlines recently after it announced that it aimed to raise at least $20 billion by issuing investment-grade corporate bonds. Cramer discussed the announcement in a tweet:

“Could Nvidia’s bond sale mean that it is going like Apple and starting to buy in its own stock as it is too cheap?”

The CNBC TV host’s comments came after he had advised the firm earlier to follow Apple’s approach and keep investors happy through a dividend. In his appearance on Squawk on the Street on May 21st, Cramer had remarked:

“They have to immediately get into the idea that they do the progression that Luca Maestri did at Apple. You just had to continue to raise the dividend, continue the buyback, and suddenly you have a company whose earnings was much slower, and you had a rocketship. And they understand that.”