In this article, we will discuss: Jim Cramer Called SpaceX A Meme Stock & Discussed These 5 Stocks. For more stocks, you can head to Jim Cramer Called SpaceX A Meme Stock & Discussed These 7 Stocks.
5. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holdings in Q1 2026: 115
Data center infrastructure provider Oracle Corporation (NYSE:ORCL)’s shares are down by 8.7% over the past year and by 1.7% year-to-date. The past couple of days haven’t been kind to the stock, as it is down by 10%. Oracle Corporation (NYSE:ORCL)’s stock closed by 11% after the firm reported its fiscal fourth quarter earnings. The results saw it post $19.18 billion in revenue and $2.03 in adjusted earnings per share to beat analyst estimates of $19.1 billion and $1.96. Additionally, Oracle Corporation (NYSE:ORCL) also remarked that it aims to raised $40 billion through debt and equity financing – a figure which includes a $20 billion equity raise. DA Davidson raised the share price target to $225 from $200 and kept a Buy rating on the stock on June 11th following the earnings report. Cramer was surprised that the stock had dipped significantly, as he discussed Oracle Corporation (NYSE:ORCL) in the context of the data center buildout:
“I thought Oracle shouldn’t have been down as much, down 25. It rallied nicely. I think it could go up again. I mean, you know, so, look, is Oracle perfect at putting up data centers?. . .Oracle’s not being known right now as being a great builder. They’re also not known as a great negotiator. . .they’re good.”
After the earnings, the CNBC TV host had called the selling in Oracle Corporation (NYSE:ORCL)’s shares “panic selling”:
“Interesting panic selling in Oracle even down here. Selloff must stop to sustain any advance.. They have made themselves too crucial”
He also recommended buying the stock at one point:
“Oracle down 17 seems intriguing to me.. Buy some here….”
Additionally, he discussed the firm’s operations:
“Watch Oracle. It was a gigantic number when it came to backlog. Huge. So spending has to go up. (not a traditional levered-so-backlog spend as these are so hard to build.) BUT they can lay off what they need to lay off and the funding needs aren’t outrageous. It doesn’t have to be down big.”
4. CoreWeave Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holdings in Q1 2026: 63
CoreWeave Inc. (NASDAQ:CRWV) plays a key role in the AI ecosystem as it provides the computing infrastructure to run AI software. The shares are down by 32% over the past year and are up by 34% year-to-date. Bernstein discussed CoreWeave Inc. (NASDAQ:CRWV)’s stock on June 8th. It reiterated an Underperform rating and a $67 rating on the shares. Earlier, on May 14th, Citi had hiked the share price target to $158 from $155 and kept a Buy rating. On the 18th, DA Davidson downgraded CoreWeave Inc. (NASDAQ:CRWV) to Neutral from Buy and cut the share price target to $100 from $175. The financial firm remarked that the infrastructure company was a key player in the compute industry. However, DA Davidson added that it was worried about CoreWeave Inc. (NASDAQ:CRWV)’s ability to generate strong margins due to factors such as high levels of debt financing. Cramer discussed the firm’s data center construction strength:
“. . .Oracle’s not being known right now as being a great builder. They’re also not known as a great negotiator. . .they’re good. The best is CoreWeave. . .CoreWeave’s the best.”
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.”
2. Broadcom (NASDAQ:AVGO)
Number of Hedge Fund Holdings in Q1 2026: 173
Broadcom (NASDAQ:AVGO)’s shares have struggled recently. While they are up by 13% year-to-date, over the past month, they are down by 6%. The shift came after the firm’s latest earnings report. As part of the release, Broadcom (NASDAQ:AVGO) remarked that it expected to earn “in excess” of $100 billion in AI sales in fiscal 2027. The figure meant that its guidance remained unchanged. Cramer has been one of the firm’s biggest fans as he has repeatedly praised CEO Hock Tan. In this appearance, he discussed the impact of Google’s demand for custom AI chips on Broadcom (NASDAQ:AVGO):
“Broadcom’s different, David. Broadcom’s something, high expectations, with a big deal from Google that didn’t turn out to be as much business as I thought. . .look, I owned it, I owned it for my trust, so like, I’m not saying, hey it really wasn’t as bad. That was bad, and it has made me, you know, a lot of soul searching this weekend about how wrong I could have been. I was real wrong, because I believed that the relationship, I thought that was going to bebig upside on that relationship. And that Google had more demand, and that Google’s TPUs were better than, NVIDIA. I mean everything had a price.”
Carillon Eagle Growth & Income Fund discussed Broadcom Inc. (NASDAQ:AVGO) in its Q1 2026 investor letter:
“Broadcom Inc. (NASDAQ:AVGO) was weak for the quarter as higher inflation led investors to fear a slowdown in hyperscaler spending. This led to lower spending on custom silicon, the main reason for Broadcom’s strength over the last couple of years. We believe Broadcom still has some of the best tech in the space and will be one of the biggest winners from AI.”
1. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holdings in Q1 2026: 265
Software and cloud computing giant Alphabet Inc. (NASDAQ:GOOGL)’s shares are up by a strong 108% over the past year and by 17% year-to-date. TD Cowen discussed the firm on June 9th as it raised the share price target to $475 from $450 and kept a Buy rating on the shares. At the center of its coverage was Alphabet Inc. (NASDAQ:GOOGL)’s cloud computing business. The financial firm remarked that Cloud should grow its data center capacity tenfold between 2022 and 2031. In his previous remarks about Alphabet Inc. (NASDAQ:GOOGL), Cramer has also praised the cloud business and its management. However, in this appearance, he was more measured with regard to Alphabet Inc. (NASDAQ:GOOGL)’s custom AI chips called TPUs:
“Broadcom’s different, David. Broadcom’s something, high expectations, with a big deal from Google that didn’t turn out to be as much business as I thought. . .look, I owned it, I owned it for my trust, so like, I’m not saying, hey it really wasn’t as bad. That was bad, and it has made me, you know, a lot of soul searching this weekend about how wrong I could have been. I was real wrong, because I believed that the relationship, I thought that was going to bebig upside on that relationship. And that Google had more demand, and that Google’s TPUs were better than, NVIDIA. I mean everything had a price.”
The London Company Large Cap Strategy discussed Alphabet Inc. (NASDAQ:GOOG) in its Q1 2026 investor letter:
“Alphabet Inc. (NASDAQ:GOOG) – GOOG was a bottom contributor despite solid operating results, as strong growth in Search and Cloud was offset by investor concerns around elevated capex and evolving AI monetization. Sentiment was further weighed down by uncertainty around AI-driven search disruption and moderating advertising spend. While the stock faced pressure, the company’s dominant search franchise, growing cloud infrastructure business, and leadership position in AI development provide multiple growth drivers. We view the current valuation as attractive relative to the company’s market position, cash generation, and innovation capabilities.”
While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about the cheapest AI stock.
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