In this article, we will discuss: Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 5 Stocks. For more stocks, you can head to Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 17 Stocks.
5. Micron Technology Inc. (NASDAQ:MU)
Number of Hedge Fund Holdings in Q1 2026:
Micron Technology Inc. (NASDAQ:MU)’s shares are up by 676% over the past year and by 200% year-to-date. Cantor Fitzgerald discussed the firm on June 29th as it raised the share price target to $2,000 from $1,500 and kept an Overweight rating on the shares. The financial firm discussed Micron Technology Inc. (NASDAQ:MU)’s long term agreements and outlined that they could account for as much as half of the chip company’s revenue. Phillip Securities also raised the share price target on the 29th. It hiked the target price to $1,870 from $530 and kept a Buy rating on the shares on the back of memory chip shortages, which could lead to more agreements for Micron Technology Inc. (NASDAQ:MU) in the future. Cramer briefly commented on the firm’s position in the industry in the context of its Korean peers:
“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.”
4. NVIDIA Corp. (NASDAQ:NVDA)
Number of Hedge Fund Holdings in Q1 2026: 275
AI giant NVIDIA Corp. (NASDAQ:NVDA) is currently in the news these days due to reports of a delay to its next generation AI chips. The shares are up by 25% over the past year and by 8% year-to-date. Bank of America reiterated a Buy rating and a $350 share price target on the firm on July 8th. NVIDIA Corp. (NASDAQ:NVDA) has denied reports that the Kyber platform is being delayed. Cramer, who has continued to support the firm even though its shares have remained lackluster in 2026, believes that the multiple is too low:
“I haven’t heard you say that NVIDIA is the great source of funds. . .this Kyber delay, what’s changed, what it means, what happened. You know Semi Analysis does pretty good work, saying that everything could be late for NVIDIA because one particular part of their business is late. And, this is I think, eventually [inaudible] filters out, going to, I think, incorrectly hit NVIDIA because I can’t even prove the story. But Carl, there are so many long knives out for NVIDIA that at a certain point we have to say does it really deserve the same multiple as a chemical company. Doesn’t it have more upside value?”
3. Solstice Advanced Materials, Inc. (NASDAQ:SOLS)
Number of Hedge Fund Holdings in Q1 2026: 76
Specialty chemicals and advanced materials firm Solstice Advanced Materials, Inc. (NASDAQ:SOLS)’s shares are up by 26% since their IPO in October. However, the past month hasn’t been kind to the stock as it is down by 24%. The stock has lost 23.9% since July 2nd. On the 6th, Solstice Advanced Materials, Inc. (NASDAQ:SOLS) announced that it would acquire Elemen Solutions for a $14.5 billion price tag in order to gain exposure to the AI supply chain. While the stock might not have reacted well, Cramer is optimistic about the deal as he commented in his morning appearance:
“The deal is accretive, immediately. The deal moves Solstice into a higher multiple area, which is in semiconductor chips. Qnity, Elements Solutions are the two main companies. David, Solstice also has a sold out to 2030 nuclear fuel business. I happen to think Solstice is a very good win after this. . .I wanna buy Solstice on this.”
Earlier, he also tweeted:
“Solstice to merge with Elemental Solutions? FT says it could happen. This would create a chemical tech powerhouse. Really smart deal. Both could go higher”
2. Element Solutions Inc (NYSE:ESI)
Number of Hedge Fund Holdings in Q1 2026: 35
Chemicals company Element Solutions Inc (NYSE:ESI)’s shares are up by 59% over the past year and by 51% year-to-date. Over the past month, the stock is down by 4.7%. Truist discussed Element Solutions Inc (NYSE:ESI) on April 30th as it raised the share price target to $47 from $38 and kept a Buy rating on the stock. The bank outlined that the company’s first quarter earnings delivered a strong set of results driven by its electronics business. UBS also hiked Element Solutions Inc (NYSE:ESI)’s share price target. It raised the target price to $52 from $43 and kept a Buy rating on the shares. More recently, Solstice announced that it would acquire the firm for a $14.5 billion price target. Cramer discussed the deal and praised Element Solutions Inc (NYSE:ESI):
“The deal is accretive, immediately. The deal moves Solstice into a higher multiple area, which is in semiconductor chips. Qnity, Elements Solutions are the two main companies. David, Solstice also has a sold out to 2030 nuclear fuel business. I happen to think Solstice is a very good win after this. . .I wanna buy Solstice on this.”
In a tweet, he remarked that the acquisition would serve the firm well:
“Solstice to merge with Elemental Solutions? FT says it could happen. This would create a chemical tech powerhouse. Really smart deal. Both could go higher”
The London Company Small-Mid Cap Strategy discussed Element Solutions Inc (NYSE:ESI) in its Q1 2026 investor letter:
“Element Solutions Inc (NYSE:ESI) – ESI rallied on strong demand for specialty chemicals across electronics and industrial coatings end markets. Quarterly results were solid, supported by strong performance in the Electronics business. Recent integrations have expanded their product offerings, providing incremental earnings from high growing businesses. ESI’s timely investments, smart capital allocation and focus on higher growth end markets should enable the company to maintain its outperformance and margin expansion.”
1. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holdings in Q1 2026: 59
International Business Machines Corporation (NYSE:IBM) is one of Jim Cramer’s favorite stocks. The shares are up by a modest 1.3% over the past year and are flat year-to-date. Some of the reasons why the CNBC TV host likes International Business Machines Corporation (NYSE:IBM) are its quantum computing and its software business. Throughout 2025, he asserted that the firm was among the few quantum computing stocks to buy. In this appearance, he touted International Business Machines Corporation (NYSE:IBM) as a tech stock to buy if one didn’t want exposure to data centers:
“You know people who might want tech, without the cauldron of the data centers, should be looking at IBM. Really excellent piece today from Bank of America, raising price target, raising earnings per share. It’s got some, of course, AI, but it really is this great computer company and it sells at 22 times next year’s earnings. I think this one works. I know it got hit very badly when they reported, but I think that it’s going to be a good idea.”
Green Alpha Investment discussed International Business Machines Corporation (NYSE:IBM) in its Q1 2026 investor letter:
IBM has published the industry’s first reference architecture for quantum-centric supercomputing, a blueprint that integrates quantum processors alongside GPUs and CPUs into a unified computing environment for tackling problems in chemistry, materials science, and optimization that no classical approach can solve alone. The company states 2026 will mark the first time a quantum computer outperforms all classical-only methods on a real scientific problem. Paired with a new 10-year research collaboration with ETH Zurich on next-generation AI and quantum algorithms, IBM is building the foundational infrastructure for the next era of computing.
IBM’s hybrid cloud and AI platform, anchored by Red Hat OpenShift, continues to serve as the enterprise backbone for thousands of government and corporate entities in financial services, telecom, and healthcare. The recent ~$11 billion acquisition of Confluent strengthens real-time enterprise data streaming, while expanded collaborations with NVIDIA and ARM deepen IBM’s AI infrastructure capabilities. The company is systematically positioning itself at the intersection of quantum computing, high-performance AI, and enterprise hybrid cloud—the architectural layer where next-generation scientific and commercial breakthroughs will be orchestrated.
While we acknowledge the potential of IBM 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 IBM and that has 100x upside potential, check out our report about the cheapest AI stock.
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