In this article, we will look at “Jim Cramer Discussed 5 Stocks, Like Meta, NVIDIA, and His Skepticism Toward Tech Stocks.” Please visit “Jim Cramer Discussed 15 Stocks, Including Broadcom, Netflix, and His Skepticism Toward Tech Stocks” if you’d like to see the extended list and methodology behind it.

5. Apple Inc. (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Talking about tech companies that would be able to get out of “out of this morass,” Cramer said:

And then the next one is Apple. Still has a balance sheet that’s fantastic. Still has the buyback. It still has products we all love.

Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company’s app ecosystem, AppleCare, and cloud tools. Cramer discussed the stock’s recent pullback during the June 8 episode. The Mad Money host stated:

That pullback in the stock of Apple today. Of the big-cap stocks, Apple had been the cleanest story. It didn’t have to spend big on artificial intelligence. They had Alphabet to do it for them, and they’re being paid for doing so because they have such an outstanding and deserved user base. When you have 2.5 billion devices out there, there’s a much sought-after audience, right, and the scrum that is Perplexity, Claude, Gemini, Grok, ChatGPT, Meta AI, you can cement your relevancy by making a deal with Apple, and that’s why Google paid them to be their search function. We don’t know the terms of the AI deal, but I think that Apple did fabulously on the whole package that now includes Gemini as Siri… When I say as Siri, what I mean is that Siri’s gotten much smarter.

How about that? Apple, is it done, and there are no more improvements? That’s what I kept hearing today: it’s done. Well, that’s just plain stupid. It’s going to get better and better. No one’s going to switch from this phone because they were disappointed by today’s Worldwide Developers Conference, except for the hedge fund guys and gals who watch our network and said, oh, it’s really bad. I mean, it wasn’t even a tradable event, although people tried to trade it, and the traders are the losers, not Apple. That said, Apple’s a leader, maybe the leader, and I don’t want to lose the leader of this stock market. We’ve lost all the other mega-cap stocks now. Forgive me for wanting one of them to keep winning because I do think Apple could have gone higher on the same info we got today. I wanted it to open down and then rally.

4. NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Cramer noted that the company stands to benefit from the upcoming IPOs. He said:

Many of these tech companies are coming public because they need money to build out their data center networks. It’s telling that the one company with a buyback that’s cheap that will actually benefit from all these IPOs is NVIDIA, and it is being slaughtered like everything else. That’s the one to buy. That’s the one that snaps back first out of this morass.

NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies. Cramer mentioned the company during the June 8 episode and commented:

All these countries are buying NVIDIA’s wares too, and they’re not looking for a quick return. Right now, they’re 14% of the business. That could rapidly become much bigger, and that number doesn’t include what’s in the pipe. I think that number will be substantially higher this time next year, enough to allay the fears that some hyperscalers just don’t want NVIDIA at all…

Are the chips expensive? Can they generate a good payback? I guess it depends on who you ask, but real countries are buying these chips in droves for their sovereign AI programs, and that alone will lessen NVIDIA’s dependence on a handful of major hyperscalers. I’m not changing my view; I still say, own NVIDIA, don’t trade it. But with the upcoming wave of mega IPOs, it’s going to be tough for anything tech to stand out in the near term, even a company as tremendous as NVIDIA, which is the most important stock in this entire market.

3. Johnson & Johnson (NYSE:JNJ)

Johnson & Johnson (NYSE:JNJ) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Cramer mentioned the company while highlighting his current sentiment around drug stocks, as he remarked:

Obviously, the other leadership groups are a little more palatable to me… Healthcare, eureka, I found it. This is the leadership group that we’ve been looking for. Take Johnson & Johnson. It’s been shedding slower-growing divisions like Kenvue, its consumer products business, as well as its commodity orthopedic operations, focusing on fast-growing drugs. I like that. It’s got a ton of them. It’s got an AAA balance sheet, better than the US government. I like the drug stocks here. I like the UnitedHealths here.

Johnson & Johnson (NYSE:JNJ) develops and sells healthcare products, including pharmaceuticals and medical technologies, with treatments in immunology, oncology, neuroscience, cardiovascular care, and infectious diseases. Cramer mentioned the company’s “great new drug profits” during the June 5 episode, as he said:

Now, you can make good money for a while if you go all in on what’s hot, but I never do it because I know it’ll eventually blow up in your face… That’s why we run a diversified fund for the Investing Club. When you’re diversified, at any given moment, you’re going to own some losers, though, or at least some stocks that aren’t working. These stocks will lag while the data center roars, but they preserve your sanity when you get a tsunami-like sell-off in the hottest stocks out there.

Well, the tsunami of data center selling is here, and today’s the day when I’m kind of patting myself on the back for keeping the Charitable Trust diversified, not going all in on the data center complex. Today’s the day when we’re grateful for our Johnson & Johnson position. Great new drug profits. Triple-A balance sheet, better than the United States… See, the lesson’s clear, people. The P&Gs and the J&Js in your portfolio allow you to safely own the techs. They’re kind of like permits. But if you don’t take something off the table of the techs when you’re up big, I think you’re going to live to regret it.

2. The J. M. Smucker Company (NYSE:SJM)

The J. M. Smucker Company (NYSE:SJM) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Cramer called it one of the “victims of rampant inflation,” as he commented:

J.M. Smucker, okay, this is a little bit of a metaphor here… Pet food, coffee, Uncrustables, peanut butter, fruit spreads… Twinkies. By the way, Twinkies did well. This company and others have been left for dead, right, victims of rampant inflation, health concerns, GLP-1. But when you think about it, the food stocks do have scarcity value and decent balance sheets, although not a lot of growth, okay? And it makes them a little less attractive.

The J. M. Smucker Company (NYSE:SJM) manufactures branded food and beverage products, including coffee, pet food, spreads, baking ingredients, and sweet baked goods. Cramer discussed the company ahead of earnings during the June 5 episode. He said:

The last time that J.M. Smucker reported, it jumped up on what turned out to be just an okay quarter, and then it got smashed. The rally in the offbeat names like the Staples today swept up the company that makes Twinkies, coffee, dog food, and Uncrustables. I think it’s going to get swept right back down when it reports Tuesday morning.

1. Meta Platforms, Inc. (NASDAQ:META)

Meta Platforms, Inc. (NASDAQ:META) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Cramer mentioned the company while discussing the Magnificent Seven, as he commented:

The hallmark of the Magnificent Seven: bulletproof balance sheets. That’s what allowed them to have these robust buybacks. They were tight. They tended not to cascade. These were huge companies, but there wasn’t ever a lot of stock for sale… Now, with the exception of Apple and NVIDIA, we have stretched balance sheets galore. Alphabet, after years of buying back stock, issued stock. They might not be the only one of the Seven that needs to raise money. Look, I can make a case that Amazon, Meta, Microsoft, all might want to sell some equity. If I were running the show, I don’t know, I don’t want to show up at a hyperscaler gunfight with a pen knife. Is there still scarcity value in big tech? Not after SpaceX, then Anthropic and OpenAI, one after another after another.

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and virtual and augmented reality products.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 15 Stocks That Will Make You Rich in 10 Years. 

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.