Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending

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 and co-host David Faber discussed one of the most important issues in the stock market right now. With discussions abound of a bubble in the AI market, Faber shared insights related to Oracle’s credit default swaps. These derivatives allow investors to manage default risks, and Faber shared a very important figure:

“One thing I would note as well, guys, Oracle’s credit default swaps. Put em up, I made a chart. Last month. You know I’ve talked to the CEOs a few weeks ago, of course. They are in many ways using, OpenAI’s using Oracle’s investment grade rating to help it build all this stuff right, cause it’s Oracle out front, OpenAI’s leasing it. But take a look. Up 50% in a month.”

In response, Cramer asked Faber whether he was implying that “someone as rigorous as Larry Ellison, may be doing something that’s not being perceived as possible?”

While Faber didn’t agree with the assertion, he did opine that he thought “the debt markets at least are taking account of the fact, that, what Oracle, you know Oracle does what, $35 billion of EBITDA and they’re committing to $300 billion to spend?”

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 November 6th.

For these stocks, we also mentioned the number of hedge fund investors. 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).

25. Linde plc (NASDAQ:LIN)

Number of Hedge Fund Holders In Q2 2025: 77

Linde plc (NASDAQ:LIN) is one of the largest industrial raw materials suppliers in the world. It primarily deals with industrial gases. Cramer previously discussed the stock in January when he pointed out that the firm was part of the ‘real’ economy that was different from the data center economy. In a report earlier this week, UBS upgraded Linde plc (NASDAQ:LIN)’s shares to Buy from Neutral and pointed out that it expects the firm’s earnings growth to accelerate in 2026. Cramer discussed the firm’s presence across a myriad of industries:

“Take a look at Linde which is one of the great industrial chemicals. Take a look at when that stock peaked. And by the way, they’re in every single industry, from wine, to data center, to oil drilling. And it’s like, pscheww, because some people were, look at that, see that is, Mr. President, that’s what’s happening. And Linde by the way, real company, real company.”

24. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders In Q2 2025: 235

AI chip designer NVIDIA Corporation (NASDAQ:NVDA) was in the news last week after CEO Jensen Huang commented that the US was going to lose to China in the AI race. Cramer discussed the firm’s chips and provided his opinion about the CEO’s comments to the Financial Times:

“Wow, I’ll tell you, Jensen mentions the crucial thing and people, this is the argument that I think some in the administration fail to understand, which is you have all these developers all over the world. And that’s who you’re trying to win over. And you don’t know whether the developer is going to develop right, so called right, on China or on us. Whoever the [inaudible] writes for, wins. And Jensen, I think is saying, in terms of cynicism, look, we don’t want the Chinese to win, but the only way to win is to get many software writers to write on NVIDIA and then it doesn’t matter. You encircle China, so then China has to fold. I don’t understand why the people in the government don’t understand that.”