In this piece, we will look at the stocks Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the surge in gold prices and the US dollar. The dollar dipped to new lows recently, just as gold prices surged beyond the $5,000 mark. The CNBC TV host compared gold with Bitcoin and wondered whether the rise in gold prices demonstrated its superiority as a safe haven over the cryptocurrency:
“Look, the dollar has been weak, extraordinarily weak. And also, I don’t know if anyone’s watching Bitcoin. . .it’s doing nothing. It’s almost become a sideshow even though there’s so many stocks connected to it. Because people just say, listen, if I want to hedge against inflation, gold, silver, which is industrial by the way, I am seeing people buying copper because there’s so much demand in the data centers. . .I want people to understand that gold has maintained its core value. I am a gold bug, I have been since 2000. I’m not changing. Don’t sell your gold. Do not sell your gold.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on January 23rd and tweeted about. We also provided hedge fund sentiment for each stock as of the third quarter of 2025, which was taken from Insider Monkey’s database of 978 hedge funds.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10. Texas Instruments Incorporated (NASDAQ:TXN)
Number of Hedge Fund Holdings: 72
Texas Instruments Incorporated (NASDAQ:TXN) is a semiconductor manufacturing company that makes and power controllers, signal processors, and other chips. Its shares are up by 15% over the past year and by 17% year-to-date. The stock has been at the center of attention of analysts lately after the firm reported its fiscal fourth quarter earnings. The results saw Texas Instruments Incorporated (NASDAQ:TXN) post $4.42 billion in revenue, which missed analyst estimates of $4.44 billion. However, its guidance for the first quarter beat estimates. Texas Instruments Incorporated (NASDAQ:TXN) guided between $4.32 billion and $4.68 billion in revenue and $1.22 and $1.48 per share in earnings per share, while analysts had penciled in $4.42 billion and $1.26. Following the earnings, UBS raised the share price target to $260 from $245 and kept a Buy rating on the back of a robust backlog and stable revenue trends. For Cramer, it was Texas Instruments Incorporated (NASDAQ:TXN)’s earnings call that caught his attention as he tweeted:
“That was the best, most polished, Texas Instruments conference call i can remember. They are truly crushing it in industrial and data center. And they, like Seagate, are being incredibly disciplined….”
The CNBC TV host was also impressed by the earnings as he tweeted:
“Texas Instruments delivered! Lower inventory, data center breakthroughs. Huge”
9. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holdings: 89
Athletic apparel giant NIKE, Inc. (NYSE:NKE)’s shares are down by 14% over the past year and are flat year-to-date. The company has struggled due to an ongoing turnaround led by CEO Elliott Hill. NIKE, Inc. (NYSE:NKE)’s stature means that it’s a stock that Jim Cramer regularly discusses. Over the course of the past year, the CNBC TV host has defended Hill and urged faith in the CEO. More recently, following NIKE, Inc. (NYSE:NKE)’s latest earnings, Cramer commented that the firm should improve its Chinese operations just as it had turned around its business in the US. NIKE, Inc. (NYSE:NKE)’s China business was also on Needham’s mind after it downgraded the stock to Hold from Buy. Similarly, RBC Capital cut the share price target to $78 from $85 and kept an Outperform rating as it expressed worries about the timeline of the turnaround in NIKE, Inc. (NYSE:NKE)’s profitability. Cramer tweeted about the firm after news broke of a Chinese firm buying a $1.8 billion stake in sports apparel company Puma. He continues to be optimistic about the turnaround in China as he remarked:
“I think that Nike’s moves in China will lead to a turn. Can’t be how soon. Do know it can happen”
8. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holdings: 81
Chip giant Intel Corporation (NASDAQ:INTC)’s shares are up by 140% over the past year and by 21% year-to-date. Like Nike, the firm is also in the midst of a dramatic turnaround. Headed by veteran semiconductor industry executive Lip-Bu Tan, Intel Corporation (NASDAQ:INTC) is busy streamlining its chip manufacturing technologies and carving out a place for itself in the global semiconductor fabrication market. Following its earnings report last week, several analysts have been busy sharing their thoughts on the firm. For instance, JPMorgan bumped the share price target to $35 from $30 and kept an Underweight rating on the shares. The investment bank pointed out that Intel Corporation (NASDAQ:INTC) was experiencing tailwinds from growing server CPU demand and could better target the growth later in the year by shifting semiconductor wafers from its consumer business to its data center business. Similarly, Stifel raised the share price target to $42 from $35 and kept a Hold rating. The financial firm pointed out that Intel Corporation (NASDAQ:INTC) could benefit from improving process yields and pricing, among other factors. Deutsche Bank also raised the share price target. It increased it to $45 from $35 and maintained a Hold rating and pointed out that Intel Corporation (NASDAQ:INTC)’s revenue beat expectations. Cramer discussed the firm’s foundry business, its CEO, and his opinion about the stock price:
“Right well a lot of these analysts were well behind the curve about what Lip-Bu was willing to do. And talk about Lip-Bu, it’s very clear, initially he came in to fix the balance sheet. Even a year ago we felt that maybe this company was a goner. He’s been at it and in ten months he’s fixed the balance sheet. And second he wanted to be able to improve the yield, how many chips come out that are good. He was not able to do that. The hostility toward him, on the conference call, was really, I felt, ill-advised. I think, I want to take the other side of the trade here. Let the stock come in. But Lip-Bu has got customers that people don’t realize. I think he actually has Apple lined up for his next foundry. He cannot speak about customers’ names, but I think Apple has it. I also think that the yield will be fixed, that was not his focus. This man understands semiconductors better than anyone other than Morris Chang, and perhaps, Jensen Huang. I say that because I saw an interview that Jensen Huang did where he basically just said, look, this man is the man who understands things. So I don’t buy the antipathy. It seemed very wrong headed. I think that Lip-Bu is going to turn this company around, again let it go down.
“Oh I think this thing could go up, I think it could go up 25 points by the time they have this analyst day that they are talking about. They didn’t give you a date. I think people forget that a well run Intel is a great company. It was so poorly run under the previous CEO that it’s really hard to judge how good they can be. Did Lip-Bu temper expectations enough? He was so busy running the darn company I don’t think he was playing the street game. My friend Ben Reitzes he has a really good report about how this company is really ready to kick butt. And I totally agree with that.”
7. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holdings: 234
In this episode, Cramer ended up discussing NVIDIA Corporation (NASDAQ:NVDA) in detail after quite some time. The CNBC TV host had recently tweeted about the firm’s investment in CoreWeave and commented that talk of circular deals for the firm was unmerited. NVIDIA Corporation (NASDAQ:NVDA)’s shares are up by 48% over the past year and by 1.5% year-to-date. Not only Cramer, but analysts from Needham also discussed the CoreWeave. They were optimistic about the affair and pointed out that the partnership should help the data center company develop as much as 5GW in capacity. Two key factors that the financial firm discussed were backstops and GPU life cycle, both of which have created headwinds for CoreWeave. Earlier in the year, Stifel had reiterated a $250 share price target and a Buy rating for NVIDIA Corporation (NASDAQ:NVDA). The firm outlined that the AI GPU company could benefit from H200 sales to China. Media reports once again suggested last week that the Chinese government had asked local technology giants to prepare themselves for buying NVIDIA Corporation (NASDAQ:NVDA)’s AI chips. The CNBC TV host is skeptical as he commented:
“And by the way, can I just be skeptical? Everyone knows that I think the world of NVIDIA, I’ve read this story a hundred times, yeah, that the Chinese government’s fine with it. . .I’ve read this story before, and it’s always the same characters. It’s always, Bytedance, it’s always Alibaba, it’s always Tencent. And I just urge people to be skeptical. Do I think NVIDIA’s undervalued? Of course, I think the multiple keeps shrinking. Is this a shortage day? No, because Intel basically blew the shortage. But suffice to say, if you’re buying NVIDIA off this story, you better have, and I just think that when you see these stories when it says that the government is okay with it, does anyone really think that the government has ever told an American journalist what they’re going to do?
“Because Jensen’s coming to China, and in the end, the government is quite respectful, of what Jensen’s done. They recognize that this man is different, he is not a house man. Interesting enough because he has a close relationship with Trump. . .but I would say that this man, transcends, typical borders. And that’s because everyone has a respect for his vision. Everyone shares his vision. So I think it’s a red carpet issue if it’s true. And I think it’s terrific, it’s a sign of, don’t forget who you’re dealing with when you’re dealing with Jensen Huang.
“[When asked whether analysts would include the China sales into their models] No, I think they can’t afford to because then it could be taken out immediately. But I do think that, as we get closer to GTC, not to the earnings, which are again in February, but to the actual March rollout of Vera Rubin, I think we’re going to start seeing, the perception, that with the right hands, with the ChatGPT, with the Gemini, we’re now in a thinking partnership role. . . but we’re going to begin to believe that it’s just, it’s robots . . .but it’s going to be people who are above us. And that’s what people don’t understand. We will be reporting to robots, they won’t be reporting to us.”
Just like Cramer, Bailard Inc. is also optimistic about. The Bailard Technology Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its third quarter 2025 investor letter:
“NVIDIA Corporation (NASDAQ:NVDA) (+216 bps to Strategy; +18.10%) – A cornerstone holding, Nvidia continues to lead in accelerated computing and datacenter networking. Its unmatched developer ecosystem and innovation cadence underpin dominance across the AI value chain.”
6. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holdings: 183
Broadcom Inc. (NASDAQ:AVGO) is another key player in the AI industry. It is a semiconductor designer whose chips are used in a wide variety of applications. Broadcom Inc. (NASDAQ:AVGO)’s shares are up by 59% over the past year and are down by 4.9% year-to-date. Multiple analysts have discussed the firm in January. For instance, Bernstein reiterated an Outperform rating and a $475 share price target. The financial firm outlined that Broadcom Inc. (NASDAQ:AVGO)’s management had adequately addressed investor concerns about competition in the AI industry. The stock saw considerable momentum in 2024 after it outlined a sizable AI chip opportunity. However, recent reports have suggested that Google’s TPU AI chips also offer a cost-efficient alternative to NVIDIA’s high-performance and pricey chips. Additionally, Bank of America made Broadcom Inc. (NASDAQ:AVGO) its top stock pick for 2026 and commented that the firm enjoyed strong margins and pricing power. Citi also cited AI optimism to keep a $480 share price target and a Buy rating on the shares. Cramer briefly commented on Broadcom Inc. (NASDAQ:AVGO) after Intel’s earnings:
“Broadcom, which is down very badly today, share donor to the shortage. I don’t want to call the bottom, Broadcom.”
5. Western Digital Corporation (NASDAQ:WDC)
Number of Hedge Fund Holdings: 84
Computer storage products provider Western Digital Corporation (NASDAQ:WDC)’s shares are among the top performers in the market. During this period, Cramer has discussed the firm several times. As the shares continued to post strong gains, the CNBC TV host warned that Western Digital Corporation (NASDAQ:WDC) was not the stock to be in. More recently, he has started to comment on the reasons behind the meteoric share price rise. Cramer believes that Western Digital Corporation (NASDAQ:WDC), along with other computer memory storage companies, is benefiting from a shortage. Along with him, analysts have also discussed the firm. Rosenblatt raised Western Digital Corporation (NASDAQ:WDC)’s share price target to $270 from $165 and kept a Buy rating on the shares. Factors such as the storage company’s heat-assisted devices and orders were among the reasons behind the financial firm’s optimism. Cramer continued to discuss Western Digital Corporation (NASDAQ:WDC)’s shortage in this appearance as he commented on the company after Intel’s earnings and linked the stock with AI chip giant NVIDIA’s shares:
“Now, when you don’t have shortage, it looks like. . . things are going to be bad for Western Digital. . .But they do have shortage. Don’t misread this. This number’s been missed because they couldn’t meet demand. Not because there’s not enough demand. So the idea that today’s a down day, for these, and an up day for NVIDIA, that would be the narrative typically, I talked about that in my monthly call, which is that you can’t have both the momentum stocks, that’s. . .Western Digital. . .but you can’t have those go up and also have NVIDIA go up.”
4. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holdings: 105
Memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU) shares have performed well over the year as they are up by 387%. The firm is among the handful in the world capable of manufacturing advanced memory chips used inside NVIDIA’s AI GPUs. Consequently, Micron Technology, Inc. (NASDAQ:MU) has attracted the attention of several analysts. Among these are analysts from Bernstein who opened the year on a strong note for the company. They increased the share price target to $330 from $270 and kept an Outperform rating on the shares. The analysts remarked that the memory company can continue to benefit from strong memory chip prices in 2026 due to strong data center driven demand. HSBC significantly increased Micron Technology, Inc. (NASDAQ:MU)’s share price target to $500 from $350 and kept a Buy rating due to the pricing power. Cramer tied the firm’s performance to a shortage:
“Now, when you don’t have shortage, it looks like things are going to be bad for. . .Micron. But they do have shortage. Don’t misread this. This number’s been missed because they couldn’t meet demand. Not because there’s not enough demand. So the idea that today’s a down day, for these, and an up day for NVIDIA, that would be the narrative typically, I talked about that in my monthly call, which is that you can’t have both the momentum stocks, that’s . . .Micron. . .but you can’t have those go up and also have NVIDIA go up.”
3. Sandisk Corporation (NASDAQ:SNDK)
Number of Hedge Fund Holdings: 61
Computer memory storage manufacturer Sandisk Corporation (NASDAQ:SNDK)’s shares are among the top performers on the market as they are up by triple-digit percentage since early 2025. In 2026, several analysts have discussed the firm. One recent coverage came from Mizuho, as it increased Sandisk Corporation (NASDAQ:SNDK)’s share price target to $600 from $410 and kept an Outperform rating. The financial firm outlined that the technology company is benefiting from pricing power in its industry of NAND and DRAM products. A key factor that Mizuho noted was that NAND wafer capacity was expected to be short in 2026 and 2027, which could lead to a whopping 330% price increase in 2026. Along with Mizuho, Benchmark also significantly raised Sandisk Corporation (NASDAQ:SNDK)’s share price target in January, as it bumped it to $450 from $260 and maintained a Buy rating. Capacity in the NAND market was one reason that drove Benchmark’s coverage as well. Likewise, capacity was also on Cramer’s mind as he discussed Sandisk Corporation (NASDAQ:SNDK):
“Now, when you don’t have shortage, it looks like things are going to be bad for Sandisk. . .Don’t misread this. This number’s been missed because they couldn’t meet demand. Not because there’s not enough demand. So the idea that today’s a down day, for these, and an up day for NVIDIA, that would be the narrative typically, I talked about that in my monthly call, which is that you can’t have both the momentum stocks, that’s Sandisk. . .but you can’t have those go up and also have NVIDIA go up.”
2. Advanced Micro Devices Inc. (NASDAQ:AMD)
Number of Hedge Fund Holdings: 115
Advanced Micro Devices Inc. (NASDAQ:AMD)’s shares are up by 115% over the past year and by13% year-to-date. The firm’s exposure to the AI sector has seen several analysts discuss the stock. For instance, Bernstein raised Advanced Micro Devices Inc. (NASDAQ:AMD)’s share price target to $225 from $200 and kept a Market Perform rating. The firm’s deal with OpenAI was at the center of the coverage as Bernstein commented that OpenAI’s capacity expansion later this year injected clarity into Advanced Micro Devices Inc. (NASDAQ:AMD)’s near-term AI exposure. Piper Sandler increased the share price target to $300 from $280 and maintained an Overweight rating. It also outlined that the firm’s OpenAI deal could lead to stronger performance in the year’s second half. Cramer discussed Advanced Micro Devices Inc. (NASDAQ:AMD) after Intel reported its earnings:
“I think that Lip-Bu is going to turn this company around, again let it go down. This is AMD’s day. AMD obviously has a huge amount of share. Stock’s up 8, it should be up 15, I don’t understand why that’s not up 15.
“Lisa Su keeps winning. And notice, she’s speaking not at all and carrying a huge [inaudible].”
1. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holdings: 104
Software-as-a-service (SaaS) firm ServiceNow, Inc. (NYSE:NOW)’s shares have struggled amidst a broader downturn for the enterprise software sector in today’s AI era. They are down by 43% over the past year and by 12% year-to-date. While the shares have struggled, analysts have remained cautious. In its recent coverage, BMO Capital reiterated an Outperform rating but cut the share price target for ServiceNow, Inc. (NYSE:NOW) to $175 from $230. The financial firm outlined that the target cut reflected a broader multiple compression. However, Cantor Fitzgerald cut the share price target to $200 from $240 and kept an Overweight rating on the shares. While it cited multiple compression as the reason behind the cut, Cantor added that ServiceNow, Inc. (NYSE:NOW) limited downside risk. Like Cantor, Jefferies also reduced the share price target. It cut the target to $175 from $230 and kept a Buy rating. Cramer discussed the coverage and ServiceNow, Inc. (NYSE:NOW)’s CEO, Bill McDermott:
“Ahead of earnings, that’s incredible. Now remember, Bill McDermott, he’s not missed quarters. He’s not missed quarters. And look at this stock is actually down one hundred points. And this man doesn’t miss quarters. So let’s understand that that’s right in his face. It’s in McDermott’s face. Brutal.”
While we acknowledge the potential of NOW 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 NOW and that has 100x upside potential, check out our report about this cheapest AI stock.
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