Jim Cramer, the host of Mad Money, said Wednesday that he remains confident many software companies can withstand the threat posed by artificial intelligence.
Wall Street can overreact better than anyone. Earlier this week, an outfit called Citrini Research put out a paper titled the “2028 Global Intelligence Crisis” that presented our country as a vast wasteland of white-collar unemployables thrown out of pretty much anywhere they previously worked because of what we talk about all the time, AI. This piece of science fiction caused a huge downturn in the market, although we’ve now spent the last couple of days bouncing right back.
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Cramer admitted that he does have concerns about most enterprise software companies, as he noted that bearish investors have targeted the group on fears that some may struggle to reinvent operations quickly enough. However, he made clear that his concern is not about extinction. He said he does not see Anthropic or any other major AI firm eliminating these businesses altogether. Instead, he added that some may simply earn less than they once did, which helps explain why price-to-earnings multiples across the sector have continued to compress.
Here’s the bottom line to all you naysayers: Tonight, NVIDIA reported a picture-perfect quarter. It shows me that AI is alive and well, and actually making a ton of money for more than just NVIDIA. Oh, we’re going to have speed bumps. We’re going to be fooled periodically. But let me tell you something, my optimism… it has put me on the right side of 49,000 Dow points since I first walked down this Street. And I gotta tell you, I’m not changing sides anytime soon.
Our Methodology
For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on February 25. We listed the stocks in the order that Cramer mentioned them.
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Jim Cramer Discussed These 16 Stocks Recently
16. Diageo plc (NYSE:DEO)
Diageo plc (NYSE:DEO) is one of the stocks Jim Cramer Recently Discussed. Cramer highlighted the company’s “horrible” results, as he said:
Last night, Diageo reported. The results were so horrible that they had to cut the dividend in half. I always thought the dividend was sacrosanct. The stock of this king of all alcohol fell 15%, one session. As is so often the case, when you get this sort of decline, management… they’re hopeful they can stem the decline. We want that optimism, but they always seem to underestimate the changes in the marketplace. They did list some of the causes of the decline: the consumers feeling the pinch, younger people are drinking less, the GLP-1 drugs eliminate your craving for alcohol, and there’s legal competition from cannabis in half the country. But then these guys dismiss those problems as having a kind of a relative, maybe even transient impact. That’s wrong. They admit that the economic pressure has meaningfully impacted disposable income despite the sanguine tone of our president last night…
Now, some of Diageo’s weaknesses seem self-inflicted. The astounding drop off in the agave spirit… had to be extra painful. Agave has been one of the bright spots for the company, but Diageo’s agave sales fell 23%, a stunning 30.9% decline in Casamigos, 20.9 fall in Don Julio. These are fantastic brands. I think they’ve been hurt by a lawsuit filed in the Eastern District of New York by a trio of relative unknowns, including Sushi Tokyo, alleging that while these two brands claim to be 100% agave, they have non-agave elements in them. I never thought this lawsuit would ever hurt these brands so hard. But it’s definitely weighing on these two Diageo properties that had been stars.
Diageo plc (NYSE:DEO) produces and sells a wide range of alcoholic beverages, including beer, whisky, vodka, gin, and rum.
15. Applied Digital Corporation (NASDAQ:APLD)
Applied Digital Corporation (NASDAQ:APLD) is one of the stocks Jim Cramer Recently Discussed. When a caller sought Cramer’s thoughts on the stock, he said:
I think Applied Digital’s going to have a breakout quarter, and therefore, you should own the stock. I know it seems like it’s expensive because it has generated a lot of losses. I think those are going to come to a conclusion very, very soon.
Applied Digital Corporation (NASDAQ:APLD) designs, builds, and operates data centers that support high-performance computing and AI workloads. Cramer discussed the company during the January 20 episode and commented:
Next, there’s a whole new class of companies that’s caught fire over the past year, cryptocurrency miners that are converting their racks full of servers into data centers for AI. Now, this all started with CoreWeave. I don’t know if you saw Michael Intrator… CoreWeave’s successful IPO last March really caught everybody by surprise. Then, we saw Nebius join the fray. Those stocks were up 33% and 19%, respectively, by the way, just in 2026. But some of the even newer converted crypto miners are up more than 40%, like IREN, Applied Digital, Riot Platforms. These moves are insane. I need you to take profits before they’re cut in half… We saw the same carnage in the crypto miners turned AI data center plays. IREN, Applied Digital, Riot Platforms, each fell somewhere between 50% to 57% from peak to trough. That is dangerous.
14. Klarna Group plc (NYSE:KLAR)
Klarna Group plc (NYSE:KLAR) is one of the stocks Jim Cramer Recently Discussed. A caller inquired about the stock, and here’s what Cramer had to say:
Yeah… Klarna was just kind of not great, you know that. It was just fine. That’s why I keep recommending Affirm, and I’ll put in SoFi as a twofer right there.
Klarna Group plc (NYSE:KLAR) is a technology-driven payments company that provides payment, advertising, and digital banking solutions. A caller inquired about the stock during the February 6 episode, and Cramer responded:
I’ll tell you the truth, I would rather see you in Affirm. I interviewed Max Levchin today. I know the stock is going out of favor, but the numbers are good, and that’s the one I would be in.
13. PayPal Holdings, Inc. (NASDAQ:PYPL)
PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the stocks Jim Cramer Recently Discussed. During the lightning round, a caller asked about the stock, and Cramer replied:
Well, I mean, people keep saying that it’s ready for a takeover bid. I think it’s not doing that well, and I don’t like to recommend stocks on the basis of takeovers. It always seems to be the wrong thing for me to do.
PayPal Holdings, Inc. (NASDAQ:PYPL) runs a digital payments platform that lets consumers and merchants pay, send, and receive money online and in person. The company’s services include payments, checkout, credit, and money transfer products. Cramer discussed the stock during the episode aired on January 5, as he remarked:
Finally, the fifth-worst performer in the Nasdaq-100 was a real conundrum, PayPal. It was down more than 31% last year. PayPal’s classic payment offerings have mostly become commoditized, and the company’s been late to new technologies like buy now, pay later or stablecoins. That said, PayPal just keeps growing, and the stock’s gotten very cheap. You know, this thing only sells for 10 times this year’s earnings estimates. So far, that hasn’t mattered much to date, but maybe 2026 is the year when PayPal becomes too cheap to ignore. I am flabbergasted about how poorly the stock has acted under not just one, but two different CEOs for multiple years now.
12. Banco Santander, S.A. (NYSE:SAN)
Banco Santander, S.A. (NYSE:SAN) is one of the stocks Jim Cramer Recently Discussed. When a caller mentioned that their daughters bought SAN shares and asked what they should do, Cramer suggested:
I think they should hold it, and if it goes back to 10, 11, I would even buy more. Your daughters are very, very smart.
Banco Santander, S.A. (NYSE:SAN) provides banking, financing, investment, and insurance services to individuals, businesses, and public institutions. The company offers lending, wealth management, payments, and digital banking. Cramer discussed the company’s business plans in the US during the February 4 episode, as he commented:
This morning, we got excellent full-year results from Banco Santander, the Spanish banking powerhouse with the stock that’s charged 142% over the past 12 months. A bank. We also learned that they’re buying Webster Financial. It’s a community bank based in Connecticut, a real good one. It’s all part of their plan to dominate the northeastern United States. I think this one’s on track to become one of the most profitable banks in the world, marching steadily towards their goal of 20% return on tangible equity by 2028. Wow.
11. Fortuna Mining Corp. (NYSE:FSM)
Fortuna Mining Corp. (NYSE:FSM) is one of the stocks Jim Cramer Recently Discussed. Starting the lightning round, a caller asked about the stock, and Cramer replied:
Yeah, look, it’s a mining stock, and they all go up, and they all do well, and then when things get tougher, you say, why didn’t I own Agnico Eagle? Swap into that one.
Fortuna Mining Corp. (NYSE:FSM) focuses on the extraction of gold, silver, and other metals and has several active mining projects. The company reported its Q4 and full-year 2025 results on February 8, posting Q4 non-GAAP EPS of $0.23, in line with the forecasts. The company’s revenue was up 38.4% year-over-year at $270.2 million. Moreover, Fortuna Mining Corp. (NYSE:FSM) reported quarterly free cash flow of $132.3 million and annual FCF of $330 million. The company also reported that it returned $16.2 million to shareholders in 2025 through share buybacks.
10. Snowflake Inc. (NYSE:SNOW)
Snowflake Inc. (NYSE:SNOW) is one of the stocks Jim Cramer Recently Discussed. Cramer noted the company’s recent partnerships, as he stated:
Okay, can any enterprise software company catch a break in this environment where Wall Street’s terrified AI will destroy the profit margins even if it hasn’t even started yet? Look at Snowflake. Now, this is a cloud-based data management analytics platform. This is more of an infrastructure play, and they have a consumption-based pricing model rather than charging per seat, which should make the stock a lot less vulnerable to AI. In fact, their platform is borderline essential for building AI tools. They’ve recently announced major partnerships with both Anthropic and OpenAI, yet the stock’s down nearly 40% from its highs in early November. And when Snowflake reported after the close… terrific annual product revenue forecast, it wasn’t enough to change the narrative. Initially, the stock jumped higher in after-hours trading, but then it gave back all those gains and then some.
Snowflake Inc. (NYSE:SNOW) provides a cloud platform that helps organizations pull their data into one place so they can analyze it, build data apps, share information, and use AI to solve business challenges.
9. Arista Networks Inc (NYSE:ANET)
Arista Networks Inc (NYSE:ANET) is one of the stocks Jim Cramer Recently Discussed. Cramer discussed the company’s earnings during the episode, as he said:
Two weeks ago, we got this really fantastic quarter from Arista Networks. [The] networking equipment company has become one of the big winners of the data center era. They’re the default Ethernet backbone for most of the hyperscalers, connecting massive clusters of chips and servers. When Arista reported, these guys delivered a healthy top and bottom line beat with management raising their full-year forecast… Even though the stock initially popped in response to these numbers, it’s given up all those gains. In other words, you’re getting a terrific quarter for free. Only way I can look at it.
Arista Networks Inc (NYSE:ANET) sells cloud-based networking solutions and related software for data center, AI, and enterprise operations. In addition, it provides network services, support, and hardware solutions. A caller inquired about the stock during the episode aired on October 27, 2025. The Mad Money host replied:
Don’t touch Arista. Don’t touch Arista. That one, that’s a beast. That’s a beast that’s going higher. $200 billion, Jayshree Ullal, I don’t talk enough about what an amazing CEO she is. That stock goes higher.
8. Visa Inc. (NYSE:V)
Visa Inc. (NYSE:V) is one of the stocks Jim Cramer Recently Discussed. A caller mentioned that they initiated a significant position in the stock when it was at $68 and asked for Cramer’s opinion. In response, he said:
Okay, right now, there are people who are actually, there was a piece that came out on Monday talking about how Visa’s going to be in huge trouble, Visa! Alright, here’s the way I feel. I like both Visa. I like MasterCard a little bit more. These are terrific growth companies. Periodically, they sell off. Periodically, they are cyclical companies… Not cyclical in their business, but cyclical in whether they’re loved by the stock market. Whenever they’re not loved, like right now, I got a solution for you [buy, buy, buy].
Visa Inc. (NYSE:V) is a payment technology company that processes digital transactions and provides credit, debit, and prepaid cards. During the December 10, 2025, episode, a caller expressed worry about the stock, and Cramer replied:
I just had a really nice update with Visa just the other day, and it was really quite amazing. They’re doing incredibly well. Look, if you want to get into the business of credit cards that don’t charge as much, I want you to go buy the stock of Capital One, which has been one of my big recommendations for this year. Club members know I think it’s terrific… It did hit a new high today, but that doesn’t mean anything because it sells at 12 times earnings, COF, Capital One.
7. Yum! Brands, Inc. (NYSE:YUM)
Yum! Brands, Inc. (NYSE:YUM) is one of the stocks Jim Cramer Recently Discussed. Referring to the company’s announcement of spinning off its pizza business, a caller asked for Cramer’s opinion in light of Domino’s results. He replied:
Okay, I’m so glad you asked about this. I was doing a piece about fast food. I will tell you, I think Yum! Brands, the stock has been a horse lately. It’s up 9%. I want you to hold it. I would buy any Yum! Brands, if it dropped because that plan to shed Pizza Hut, spin it off, whatever, is going to give you amazing numbers because of how well Taco Bell is doing. Taco Bell will shine. We’ll know how great it is. Own Yum! Brands.
Yum! Brands, Inc. (NYSE:YUM) develops and franchises several quick-service restaurants, including famous brands like KFC, Taco Bell, and Pizza Hut.
6. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer Recently Discussed. Cramer discussed the stock post-earnings as he said:
I think AI helps the broader economy. And for that, we have to look no further than the most important company in the universe, which is NVIDIA, which just reported a healthy top and bottom line beat, 75% growth in their data center business. Also gave better-than-expected guidance for the current quarter, enough to send the stock higher. Although remember, there’ll be people who will say it’s the end. They always say it’s the end. You know me, I say, you own NVIDIA, don’t trade it. Even better, it doesn’t seem like they’re feeling much of a pinch from the memory shortage because their margin guidance was strong. We know NVIDIA’s been cleaning up with these hyperscalers, and once again, demand is off the charts.
So for all the handwringing about how AI will be an engine of wealth destruction, it’s hard to deny that it’s also an incredible vehicle of wealth creation, and that’s where I come down. Of course, regardless of where NVIDIA trades tomorrow, what matters is that NVIDIA has created the entire AI boom with its ultra-fast chips that can reason and accomplish time-consuming tasks for a fraction of what you pay a human, which means a plentiful amount of new businesses are coming. NVIDIA is the bedrock of the fourth industrial revolution that will create more jobs than it destroys. I can’t promise you that, but I’m sure optimistic that that’s going to occur. And that’s certainly at odds with Monday’s doomsday paper and doomsday stock market.
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.
5. Wells Fargo & Company (NYSE:WFC)
Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer Recently Discussed. Cramer highlighted that the company is integrating AI, as he commented:
My favorite, the banks, Wells Fargo, Goldman Sachs. The former because it’s doing the best job of integrating AI. Just hired a wiz from Amazon Web Services. The latter because it’s the closest we have to a pure play of investment banking at a time when investment banking is on fire. These are entrenched companies. They’re not going to blow up. Many of these will use AI to cut costs, perhaps better than a Salesforce, or a ServiceNow, or Workday could. Maybe not, though. Maybe these software companies can do it cheaper to stay competitive and just make less money in the process.
Wells Fargo & Company (NYSE:WFC) provides financial services, including banking, lending, investment, and wealth management solutions. Cramer also highlighted the company’s hire from AWS during the February 3 episode, as he said:
But the other mind says you can’t jump in front of a speeding freight train. Far better to just own the stocks of companies with big software spending that can presumably save fortunes. Public companies that can… Wells Fargo, they just hired a technologist from Amazon Web Services to help the bankers find the hidden savings. That’s a winner.
4. Marriott International, Inc. (NASDAQ:MAR)
Marriott International, Inc. (NASDAQ:MAR) is one of the stocks Jim Cramer Recently Discussed. Cramer highlighted the stock while showing a positive sentiment toward the travel industry, as he remarked:
I like Booking Holdings. I like Marriott for travel. I think the travel bull market lives. They won’t be brought down by Anthropic.
Marriott International, Inc. (NASDAQ:MAR) operates and franchises hotels, residences, and timeshares, ranging from luxury to budget options. Cramer mentioned the company while discussing travel and leisure stocks during the episode aired on December 11, 2025. He said:
Not just the airlines. In logic, we’ve seen a nice move from Marriott International, the world’s largest hotel company, up about 14% since the end of October, in part because the company reported a strong quarter in early November. Marriott’s CFO also gave a presentation at an industry conference on November 21st, where he offered an upbeat outlook and said that ‘Leisure has completely and utterly held up exactly where we thought it would be.’ Wow, that’s throughout the year. He added that the government shutdown created some noise for business travel, but he didn’t seem all that worried about it. Love this stock, class by itself, and people were so worried about the shutdowns. It didn’t play a role.
3. American Express Company (NYSE:AXP)
American Express Company (NYSE:AXP) is one of the stocks Jim Cramer Recently Discussed. Cramer mentioned the company during the episode and said, “I like the credit card companies. American Express got killed. That’s a great company. Capital One, so good.”
American Express Company (NYSE:AXP) provides credit and charge cards, payment processing, banking, and travel-related services. The company also offers merchant solutions and expense management tools. During the November 13, 2025, episode, Cramer noted that he thinks the company is “great,” as he commented:
Over the past few weeks, it looks like the experiential economy ain’t what it used to be… When you put it all together, it paints an increasingly negative picture of the whole experiential economy. I’m not yet ready to completely give up on this theme. As I could also point to some contraindicators, like continuous strength in American Express, the preferred credit card for all things travel-related. You know, I think that company’s great.
2. The TJX Companies, Inc. (NYSE:TJX)
The TJX Companies, Inc. (NYSE:TJX) is one of the stocks Jim Cramer Recently Discussed. Cramer noted that the company had a “terrific quarter,” as he said:
… I don’t believe in the white-collar job apocalypse. Maybe AI can eventually replace most of the positions, and that’s very bearish, but it’s going to take many, many years for that to happen, and many new jobs will be created in the process. So, tons of stocks just sold off on Monday, retailers, credit cards, banks, travel. They should all come back. And which ones in particular? You know, I like names, I like to mention companies. I like TJX, which had a terrific quarter. HomeGoods was amazing, Marshalls, T.J. Maxx, but its stock got hit anyway because it had been straight up. Management’s always cautious in the conference call.
The TJX Companies, Inc. (NYSE:TJX) sells off-price apparel, footwear, accessories, and home goods. The company provides a diverse range of merchandise, including clothing and beauty items, furniture, decor, kitchenware, and seasonal products. A caller sought Cramer’s advice on the stock during the December 16, 2025, episode and he replied:
I want you to wait for a pullback. It just actually did a kind of a pirouette today. It spiked up and then came down. That’s usually a sign that it’s going to go down tomorrow, the next day, and perhaps even next week. And that’s when you’ll pull the trigger. It’s a great situation.
1. Salesforce, Inc. (NYSE:CRM)
Salesforce, Inc. (NYSE:CRM) is one of the stocks Jim Cramer Recently Discussed. Cramer highlighted the company’s earnings and management commentary, as he stated:
Now, the Great Recession 2 will include the downfall of a ton of software companies that get their funding from private credit firms. The private equity and debt mongers love the steady flow of cash coming from those cloud software business models that are going to be obliterated. And of course, here you’re thinking about Salesforce, which reported tonight after the close, delivering, by the way, a robust top and bottom line beat, but their full-year earnings forecast came in a little light. I thought it was conservatively made, and that was enough to send that stock down in after-hours trading as if it fit the Citrini model of Monday.
On the other hand, though, they talked about spending $50 billion in buybacks, which is equal to more than a quarter of the share count. They’re sick and tired of the sell-off, and they’re not going to take it anymore. I don’t blame them. I saw a company called Workday report a really horrible number, opened down 12, and ended up finishing almost three bucks. And now Salesforce trades at 15 times earnings. Weird dichotomy…
I will tell you one thing: Salesforce just can’t seem to catch a break. The cloud software kingpin reported a better than expected quarter after the close, with its Agentforce business up 169% year over year annual recurring revenue growth. But their full-year revenue and non-adjusted earnings forecast were a tad light. So the stock’s getting slammed in after-hours trading. Wall Street’s just not willing to give these enterprise software companies the benefit of the doubt, as I said at the top of the show, even though they’ve come down huge from their highs and are now actually inexpensive on an earnings per share basis. Plus, Salesforce just announced a $50 billion buyback equal to more than a quarter of the company’s market capitalization. Clearly, management believes the stock’s gotten way too cheap.
Salesforce, Inc. (NYSE:CRM) provides CRM-focused tools that help businesses manage customer interactions, use AI agents, analyze data, collaborate, and run marketing, commerce, and field service operations.
While we acknowledge the potential of International Salesforce, Inc. (NYSE:CRM) as an investment, our conviction lies in the belief that 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 CRM and that has 100x upside potential, check out our report about this cheapest AI stock.
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