Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 17 Stocks 

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In a recent tweet, CNBC’s Jim Cramer discussed the recent weakness in semiconductor and data center stocks. Between July 2nd and July 8th, the PHLX Semiconductor Sector stock index lost 5.2%. Firms such as Intel, AMD, Applied Materials and Marvell Technology lost as much as 9% amidst the ongoing AI wave that has pushed valuations to record highs. In his tweet, Cramer called the recent movement ‘parabolic’ and wondered when the right time to buy would open up:

“These parabolic move unwinds in the semis and in the data center assisters are playing out like all other parabolic moves, vicious , sudden. Now we are in no man’s land for many, too later to sell but way too early to buy.”

Our Methodology

For this article, we compiled a list of stocks that Jim Cramer discussed during the episode of Squawk on the Street aired on July 2nd and July 6th and tweeted about. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the first quarter of 2026, which was taken from Insider Monkey’s database of 1,000 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 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

17. Honeywell Aerospace Inc. (NASDAQ:HONA)

Number of Hedge Fund Holdings in Q1 2026: N/A

Honeywell Aerospace Inc. (NASDAQ:HONA) is one of the latest listings on the market, as the shares only started trading in June. It is a spinoff of industrial conglomerate Honeywell’s aerospace business. Cramer has discussed the spinoff several times over the past couple of months. For instance, in June, he remarked that “I’ve been pretty darn enthusiastic about Honeywell’s plan to spin off its aerospace business later this month, and today the market got as excited as I am.” Following the spinoff, multiple analysts discussed Honeywell Aerospace Inc. (NASDAQ:HONA). Among these, Morgan Stanley set an Equal Weight rating and a $255 share price target; Jefferies set a Hold rating and a $235 share price target; and Wolfe Research set a Peer Perform rating. Cramer commented on Honeywell Aerospace Inc. (NASDAQ:HONA) in a tweet:

“With Boeing and GE Aerospace taking off it might be worth it to buy some HONA which reversed after a very good run. All three are pure play aero but HONA has the most upside imo

“Impressive catch-up move by Boeing after big run in airlines. Honeywell Aerospace starting its take-off.”

Here is what Cramer had said about the spinoff in June:

“You know, I’ve been pretty darn enthusiastic about Honeywell’s plan to spin off its aerospace business later this month, and today the market got as excited as I am, with the stock jumping 6.4% after a bullish analyst meeting… My Charitable Trust has a big position. We want to be bigger. I think this is the kind of company that is not expensive, that has a great growth path… We’re keeping both pieces because both are terrific.”

16. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holdings in Q1 2026: 99

Aerospace giant The Boeing Company (NYSE:BA)’s shares are up by 4.2% over the past year and are flat year-to-date. Jefferies and Wells Fargo discussed the firm in early June. The former reiterated a $295 share price target and a Buy rating on the stock, while the latter kept an Overweight rating and a $250 share price target. Cramer has been one of The Boeing Company (NYSE:BA)’s strongest supporters and has kept the faith in the firm during its tumultuous times. In 2025, he was one of the first to suggest that the company’s cash flows under CEO Kelly Ortberg might be improving after it had suffered from production slowdowns following the FAA’s orders. The CNBC TV host has praised Ortberg on multiple occasions, and this time, he commented on The Boeing Company (NYSE:BA)’s recent share price performance:

“Impressive catch-up move by Boeing after big run in airlines. Honeywell Aerospace starting its take-off.

“With Boeing and GE Aerospace taking off it might be worth it to buy some HONA which reversed after a very good run. All three are pure play aero but HONA has the most upside imo”

15. Space Exploration Technologies Corp. (NASDAQ:SPCX)

Number of Hedge Fund Holdings in Q1 2026: N/A

After their IPO last month, Space Exploration Technologies Corp. (NASDAQ:SPCX)’s shares haven’t shown much growth. They are down by 7% over their first day closing price of $160.95 and are up by roughly $15 over their listing price of $135. With the initial quiet period having elapsed, several financial firms have commented on Space Exploration Technologies Corp. (NASDAQ:SPCX)’s stock recently. For instance, on June 23rd, Susquehanna initiated coverage to set a Neutral rating and a $170 share price target. The firm commented that investors should search for a better entry point into the stock. Keybanc initiated coverage on the 22nd and set a Sector Weight rating. The bank remarked that several of Space Exploration Technologies Corp. (NASDAQ:SPCX)’s strong suits, such as AI growth and rocket launch dominance, were already priced into the stock. Cramer commented on the aerospace and defense company in tweets:

“I think the end of the day NASDAQ sell off was totally related to the inclusion of SpaceX into the Nasdaq 100. Could be more hangover tomorrow morning…

“The addition to the Nasdaq 100 of SpaceX comes at a good time: so many buys put on this one. Would have moved it”

14. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holdings in Q1 2026: 112

While Intel Corporation (NASDAQ:INTC) has been one of the hottest stocks in 2026, the shares have struggled recently. Over the year and year-to-date, the stock is up by 343% and 165%, respectively. However, in July, Intel Corporation (NASDAQ:INTC)’s stock is down by 23%. On June 29th, Cantor Fitzgerald raised the share price target to $150 from $90 and kept a Neutral rating on the shares. As part of its coverage, the financial firm remarked that Intel Corporation (NASDAQ:INTC) at the center of a generational semiconductor cycle driven by the booming demand for AI chips. Cramer discussed the recent movement in the shares and cautioned against reading into the dip too much:

“GEV, CAT, INTC–no top just a brutal rotation”

Aoris Investment Management discussed Intel Corporation (NASDAQ:INTC) in its Q1 2026 investor letter:

“Customer needs evolve, and good businesses evolve with them. Those that don’t are more vulnerable to technological change. Intel Corporation (NASDAQ:INTC) perhaps knew more about microprocessors than anyone two decades ago, but it was rigid and inflexible in its thinking. With its belief that what matters most is the computational power of its chips, it missed the rising importance of battery life and with it, the vast opportunity in mobile phones.”

13. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holdings in Q1 2026: 123

Lam Research Corporation (NASDAQ:LRCX) is one of the largest semiconductor manufacturing equipment providers in the world. Its shares are up by 233% over the past year and by 79% year-to-date. Susquehanna increased Lam Research Corporation (NASDAQ:LRCX)’s share price target to $475 from $385 and kept a Positive rating on the stock on June 30th. In its coverage, the financial firm discussed the backlog for semiconductor manufacturing equipment and remarked that it appeared to have extended beyond the one year mark. With Lam Research Corporation (NASDAQ:LRCX)’s shares gaining 2.7% on Wednesday, Cramer tweeted about the firm:

“The action in Lam Research, at the heart of the intellectual property when it comes to the data center away from Nvidia, is quite positive

Broadcom and Lam great tells today!

Vltava Fund discussed Lam Research Corporation (NASDAQ:LRCX) in its Q2 2026 investor letter:

“During the second quarter, we sold out four stock positions and added two new ones to the portfolio. We sold the troika Lam Research Corporation (NASDAQ:LRCX), Applied Materials, and KLA Corporation, all of which are key suppliers of manufacturing equipment and process control solutions for the semiconductor industry. These are undoubtedly excellent businesses, without which it would be impossible to produce increasingly advanced chips. Nevertheless, once the valuations of even the best companies begin to reach levels of 20× sales and 50× earnings, the balance between quality and price shifts significantly to the investor’s disadvantage. In such a situation, it is no longer enough simply to recognize that these are excellent companies. It is also necessary for future growth, margins, and return on capital to remain exceptionally high over the long term and for practically no significant risks to materialize. In our view, this is an overly demanding and speculative combination. Despite the ongoing semiconductor boom, it is still good to remember that this is a pretty cyclical industry. There remained no margin of safety between price and value to speak of, and the high prices were therefore our impetus to sell.”

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

Number of Hedge Fund Holdings in Q1 2026: 262

Meta Platforms, Inc. (NASDAQ:META) is one of Jim Cramer’s favorite stocks that has struggled in 2026. Its shares are down by 16.3% over the past year and by 7.3% year-to-date. The firm has been in the news lately due to its decision to sell excess computing. Cramer has been quite optimistic about the deal, and he went as far as to suggest that it would add a hundred points to Meta Platforms, Inc. (NASDAQ:META)’s shares. However, the stock is down by 1.6% since news of the deal broke. Cramer and Bloomberg News have reported the details while the firm is yet to confirm them. In his Squawk on the Street appearance, Cramer asserted that the deal will be worth a hundred points:

“They have an incredible deal with Entergy, for power. I said last night on the show, if they do this, it’s going to be worth a hundred points. And it will be. They hadn’t confirmed it yet. It’ll be worth a hundred points. Because finally, Carl, they’re spending a fortune and they’re going to be able to monetize it.”

Madison Large Cap Fund discussed Meta Platforms, Inc. (NASDAQ:META) in its Q1 2026 investor letter:

“During the quarter, we initiated positions in Meta Platforms, Inc. (NASDAQ:META) and Salesforce.com. The second new investment was in Meta Platforms, which owns three dominant, global social network and communications apps in Facebook, Instagram, and WhatsApp. We believe revenue growth will remain strong as its user count grows and monetization of its apps improves. Meta is investing heavily in AI and seeing real benefits in the personalization and efficacy of ads in its social network. Additionally, WhatsApp is finally starting to commercialize its business after many years of focusing on acquiring users. Investors are concerned about increasing capital expenditures, but we believe much of it will garner strong returns, and management will remain prudent in managing spending over the long term.”

11. Nike Inc. (NYSE:NKE)

Number of Hedge Fund Holdings in Q1 2026: 71

Athletic apparel giant Nike Inc. (NYSE:NKE) is a stock that Jim Cramer has shifted his opinion on in 2026. Throughout the second half of 2025, the CNBC TV host defended the firm against detractors and kept the faith in CEO Elliott Hill. Nike Inc. (NYSE:NKE)’s shares are down by 42% over the past year and by 32% year-to-date. Recently, Truist discussed the firm on July 3rd. It reiterated a Buy rating and a $47 share price target for the firm. Truist’s coverage came after Nike Inc. (NYSE:NKE)’s fiscal fourth quarter and full year earnings report. The results saw the firm post $11 billion in revenue and $0.20 in earnings per share to beat analyst estimates of $10.85 billion and $0.12. Cramer wasn’t impressed by the results as he grew tired of Nike Inc. (NYSE:NKE) not delivering a breakout quarter:

“We’re selling it. Yeah, because I said, this was the quarter, it was make or break. And this was a nothing quarter. And they guided for two more nothing quarters. I used, my ex-wife Karen Cramer’s rules, I said. . .if you went and got me a soft pretzel and a diet coke right now, and I sold Nike while you were doing that. . .would you buy it back? No.”

Matrix Asset Advisors discussed NIKE, Inc. (NYSE:NKE) in its Q1 2026 investor letter:

“We also started a partial position in NIKE, Inc. (NYSE:NKE), a premier athletic shoe and sports apparel company. The company’s share price has fallen sharply due to weak sales in China, a strategic misstep toward direct-to-consumer sales that has hurt long-standing relationships with wholesale partners, and competition from newer brands. After several years of poor results, the company brought in a new CEO in 2024 to repair its relationships with global retailers and restore its image as a sports-focused company. The company has cautioned that there are ongoing challenges from tariffs, consumers buying lower-cost alternatives, and high inventory levels. The stock is down more than 65% from its 2021 high of $179, as its earnings declined from $3.56 per share to an estimated $1.55 in the year ending 8/26. Our interest was piqued when we saw significant insider buying of stock at prices below $60. The stock has pulled back from our initial buys, and when cash is available, we expect to continue to slowly add to our position in the company. We believe the turnaround at Nike will take time, but the risk/reward at the current price is very attractive.”

10. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holdings in Q1 2026: 173

Broadcom Inc. (NASDAQ:AVGO) is another AI stock that Jim Cramer has been nothing but enthusiastic about. The shares are up by 42% over the past year and by 11% year-to-date. UBS discussed the firm on June 12th as it reiterated a Buy rating and a $485 share price target for the stock. The bank commented that Broadcom Inc. (NASDAQ:AVGO)’s deals with Apollo, Blackstone, OpenAI and Anthropic injected certainty and visibility into the firm’s capacity and finances. In his morning appearance, Cramer commented on the firm’s deal with Apple:

“But I know that the other stocks are all going to come back. Particularly Broadcom, because it has a contract with Apple that is larger than we thought. David, you know that tech remains the battleground. Michael Wilson this morning says you should go back into the hyperscalers, which have not done that well. That’s moved Amazon. But I could argue, maybe we’re looking too much into tech.

“But I will say, that one company whose business will go up, is Broadcom. Because of that deal they announced with Apple this weekend. . .they’re going to do ASIC for, Apple.”

He also discussed the firm in a tweet and marked the shares’ reversal as a reversal for the broader market. As trading closed, he was enthusiastic:

“If there is going to be a turn the stock of Broadcom will let you know

Broadcom and Lam great tells today!

Emerald Wealth Partners Growth Equity Strategy discussed Broadcom Inc. (NASDAQ:AVGO) in its Q1 2026 investor letter:

“Broadcom Inc. (NASDAQ:AVGO) delivered another strong quarter. While revenue and EPS both were only slightly above Street consensus, the real highlight was FY2027 guidance for AI revenues, which were well above expectations and have led to analysts upgrading their sales and profit estimates, some of them significantly.

Additionally, at the latest analyst call management proactively and effectively countered investor concerns that have weighed on the stock such as margins risks, competition risks from hyperscalers building their own customer chips (ASICs) and software disintermediation…” (Click here to read the full text)

9. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holdings in Q1 2026: 115

Oracle Corporation (NYSE:ORCL)’s role in the AI ecosystem has meant that Jim Cramer hasn’t held back when discussing the firm. His morning co-host, David Faber, was the first to break the news about the firm’s troubles with the credit market. Oracle Corporation (NYSE:ORCL)’s stock has been among the most volatile on the market. It is down by 40% over the past year and by 28% year-to-date. Blair discussed the firm on July 1st as it added it to its conviction list. The financial firm remarked that Oracle Corporation (NYSE:ORCL)’s cloud backlogs indicated its position in the AI infrastructure industry and provided visibility into its revenue. The backlog is the subject of considerable debate these days, especially since it is worth more than Oracle Corporation (NYSE:ORCL)’s market capitalization. Cramer also discussed the firm’s finances:

“I’m so glad you brought that up, because when I talk to people who are in this business, about what’s the Achilles’ Heel? And I came up with, from the supposition we have was that there’s areas that don’t play. . .get rid of Virginia. . .you know you don’t want to be in that part of the country. But, I also hear, what exactly is Oracle’s game plan? And how exactly are they going to make their balance sheet to be able do this?”

8. Blue Owl Capital Inc. (NYSE:OWL)

Number of Hedge Fund Holdings in Q1 2026: 42

Asset manager Blue Owl Capital Inc. (NYSE:OWL) is a regular appearance on Jim Cramer’s radar these days and not for good reasons. The shares are down by 52% over the past year and by 39% year-to-date. On June 25th, after reports surfaced about Blue Owl Capital Inc. (NYSE:OWL) looking to acquire a stake in a basketball team, Cramer criticized the firm on the social media platform X. Earlier, UBS had discussed the firm on June 11th as it reiterated a Neutral rating and a $9.50 share price target. In its coverage, the bank discussed the private credit market and outlined that weakness in the sector could also lead to Blue Owl Capital Inc. (NYSE:OWL)’s shares being range bound. In his morning appearance, the CNBC TV host didn’t hold back:

“You know, every canine has its, you know, 24 hours, there, right.”

Cramer’s infatuation with Blue Owl Capital Inc. (NYSE:OWL) isn’t new. Here’s what he tweeted in February:

“How did it come to the point that at 3:38 am. i am sitting here having coffee and worrying about that Blue Owl portfolio and the transaction they talked about last week that just didn’t sit well with me.”

7. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holdings in Q1 2026: 357

Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 9.5% over the past year and by 7.6% year-to-date. Bank of America discussed the firm on July 7th as it raised the share price target to $165 from $145 and kept a Buy rating on the shares. The bank remarked that Amazon.com, Inc. (NASDAQ:AMZN)’s sell-through appeared to be accelerating due to the recent Prime Day event. The next day, TD Cowen commented on the stock. It outlined that Amazon.com, Inc. (NASDAQ:AMZN)’s second quarter revenue could sit at $200 billion due to faster cloud computing growth. The firm trimmed the share price target to $340 from $350 and kept a Buy rating on the stock. Cramer discussed Amazon.com, Inc. (NASDAQ:AMZN)’s shares in the context of a recent Morgan Stanley note where analyst Mike Wilson suggested that the recent weakness in semiconductor stocks was due to investor preference for hyperscalers:

“Michael Wilson this morning says you should go back into the hyperscalers, which have not done that well. That’s moved Amazon.

“I think that Mike Wilson, has a really cogent piece today. He’s talking about the gains broadening out, talking about the semis losing momentum. Now the takeaway people are using, is that he’s saying buy the hyperscalers. That was one of the reasons why Amazon was up, really they want to buy Alphabet. I looked at what he said about biotech should also benefit from broader leadership. There is a move in biotech that we have not talked about at all that is really extraordinary particularly since the change in FDA.”

6. SK Hynix Inc. American Depositary Shares (OTC:SKHY)

Number of Hedge Fund Holdings in Q1 2026: N/A

Memory giant SK Hynix Inc. American Depositary Shares (OTC:SKHY) is a regular feature of financial markets news these days. Courtesy of the AI boom, the firm has become one of the most important companies in the world. SK Hynix Inc. American Depositary Shares (OTC:SKHY) is preparing for a blockbuster listing on the US stock market to generate a whopping $29 billion in capital. The funds will be raised through an American Depository Receipt (ADR) listing on the NASDAQ exchange. Cramer first commented on SK Hynix Inc. American Depositary Shares (OTC:SKHY) in his morning appearance and discussed the firm in relation to the US memory giant Micron:

“Look, people don’t realize these are company, SK and Samsung are the main ones. We’re very proud here of Micron, but SK hynix is really the big one.”

He then discussed the firm in multiple tweets:

“The Samsung poor reaction to a great q is a little separate from everything happening here including the $28b that might be headed to the better company, SK Hynix.

“Does this market have enough money to do an SK Hynix deal at reasonable prices? We couldn’t even do Rivian with a couple of points of where it was… We have to be careful

“The bankers are letting everyone know how oversubscribed the SK Hynix deal is. That’s a dangerous game.. i hope they still price it at a little bit of discount.. Not too much to scare people but enough to keep the deal tight”

Click to continue reading and see Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 5 Stocks. 

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