In this article, we will look at “Jim Cramer Looked at 5 Stocks, Including NVIDIA, Vistra, and Lightwave”. Please visit “Jim Cramer Looked at 17 Stocks, Including Microsoft, CrowdStrike, and Salesforce,” if you’d like to see the extended list and methodology behind it.
5. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. Cramer recommended buying the stock, as he commented:
Let’s talk about one of the hottest stories of the year, fiber optics. We’re putting up data centers all over the place, but the industry needs better ways to move data around, which is where the optical plays come in. As traffic between switches, racks, and servers explodes, it’s tough to keep scaling AI with more silicon, more power, and more cooling forever. At some point, you have to cope with the physics of the situation. That’s why the data center builders are increasingly turning to photonic and fiber optic solutions. Think light moving through fiber to handle their networking needs. On March 2nd, NVIDIA agreed to invest $2 billion apiece in two different fiber optic companies, Lumentum and Coherent… Both great stories, both deals included multi-billion dollar purchase commitments plus future capacity and access rights. NVIDIA’s essentially trying to lock up critical optical laser supply before the next bottleneck shows up.
Look, the message from NVIDIA CEO Jensen Huang was clear: optics are not a sidecar to the AI buildout. And oh, just so we know, NVIDIA, own it, don’t trade it… You know what? Buy some NVIDIA. That’s the best, cheapest way to play it. It is the best AI theme, photonics included. Again, Jensen was ahead of everyone here, just like he was on memory last year. The man leading the AI revolution is going to see where the puck’s going before Wall Street analysts or a hedge fund… NVIDIA trading just 18 times next year’s earnings estimate, represents deep value… It was down today because there was a rumor that it was going to buy a PC company. Huh? That was untrue. It was a story in some sort of press outfit. Untrue.
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.
4. Lightwave Logic, Inc. (NASDAQ:LWLG)
Lightwave Logic, Inc. (NASDAQ:LWLG) was among the stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. Cramer mentioned the stock during the episode and stated:
It’s hard for me to recommend this as a nearly $2 billion company when it’s losing money, making a hundred thousand bucks in revenue, even if the story’s real and just beginning to get etched into the AI supply chain. That’s why I’d rather stick with Coherent or Lumentum, although you missed a nice part of the run there… Putting the other options aside, though, there are real challenges for Lightwave. I won’t pretend to be an expert in photonics, but we don’t really know if the company’s proprietary material stays stable over time or if it could be manufactured consistently…
I like the theme a lot. I think the market’s right that optics will matter more as AI infrastructure scales up. I think the scramble to secure lasers, transceivers, and photonics components is real. I also think there’s a serious long-term opportunity for somebody that can help deliver higher speed and lower power to the data center at a reasonable cost. And that’s why Lightwave keeps getting attention. The problem is this: This stock has already run as if the future’s settled…. run like Marvell Technology, another great winner in this sector, and I’m not sure that’s the case. See, even though this is one of the hottest and most important themes in the market, I have a hard time telling a conservative investor to chase Lightwave here.
This is the kind of name that can absolutely keep ripping. I get that. This theme isn’t going away anytime soon, I get that. It’s part of the fourth industrial revolution, I get that too. But when a stock is going up tenfold in a year, and the business is still at an incredibly early stage, and losing money with very little revenue, I think some disciplines should matter. You don’t have to hate the technology to say that the stock may have gotten ahead of itself. We don’t even know how difficult it is to mass-produce this product. So here’s the bottom line: If you like what you’ve heard about Lightwave launch, again, look, I gave you some stuff to like, keep it on the watch list, I think. But after such an incredible move, I think there are better, cheaper ways to play this, Coherent, Lumentum, and especially NVIDIA tomorrow morning.
Lightwave Logic, Inc. (NASDAQ:LWLG) develops and licenses advanced polymer materials used to improve data speeds in hardware for artificial intelligence, cloud computing, and telecommunications.
3. Shopify Inc. (NASDAQ:SHOP)
Shopify Inc. (NASDAQ:SHOP) was among the stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. Cramer addressed the AI worries around the stock, as he said:
I think there’s a strong case to be made for why Shopify should not be considered a potential AI displacement victim. And I got some chart commentary on the stock this weekend from Larry Williams. He’s that legendary technician and stock market historian who thinks it’s ready to rally right here, right now… This is a pretty simple story because Shopify keeps putting up excellent numbers… Like so many of these stocks that have been hammered by AI worries, it’s impossible to argue that Shopify is cheap, okay? Stock trades at around 62 times this year’s earnings estimates. On the other hand, it’s much cheaper than it used to be… Given the fact that the company is expected to grow its earnings per share at a 30% clip, well, paying 62 times earnings for the stock isn’t that crazy…
Check out this weekly chart of Shopify… He points out that the stock has a strong pattern of rallying at this time of year from April into at least August. We’ve gotten that move… in 7 of the last 10 years. Historically speaking, the stock’s got a 70% chance of running until August… Right now, Shopify’s in the undervalued… zone… This chart shows you the level of professional buying or selling in Shopify. Lately, Larry points out that the stock’s been under institutional accumulation… Larry particularly likes the way Shopify broke down to a new closing low on Friday. If the stock can close above that level, and it already has today, then he thinks that could be your entry point.
I think this is so exciting. You got the fundamentals really turning up, okay, I mean, always been good consistently. You’ve got this AI thing that doesn’t really have any cogency with me, and you’ve got the Williams’ trading cycles. Come on. Here’s the bottom line: Whether you’re looking at the fundamentals or the charts interpreted by Larry Williams… Shopify’s stock has come down too far, too fast. I think Larry’s right to expect that this one could give us another terrific springtime rally. I like Shopify.
Shopify Inc. (NASDAQ:SHOP) provides a commerce platform that helps businesses manage products, orders, payments, and customer relationships.
2. Vistra Corp. (NYSE:VST)
Vistra Corp. (NYSE:VST) was among the stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. A caller asked for Cramer’s insight on the stock, and he said:
Okay, oh, this is, you know what? I’ve been looking at this company, and I really think that at this very moment, you can go back to both Vistra and Constellation, I really do, but you know what’s my favorite in the group, and it was down a lot today, Jeff Martin, are you listening? I like Sempra.
Vistra Corp. (NYSE:VST) is an integrated energy provider that produces electricity and sells power and natural gas to millions of homes and businesses. The company manages a portfolio of nuclear, solar, and natural gas facilities and oversees fuel logistics and the decommissioning of old plants. Brown Advisory stated the following regarding Vistra Corp. (NYSE:VST) in its fourth quarter 2025 investor letter:
Vistra Corp. (NYSE:VST): Operates as a retail electricity and power generation company. Vistra (VST) benefited from rising power demand in Texas, increased interest from data center customers in directly sourcing generation, and growing investor appreciation for nuclear assets. During the year, the company signed a large power purchase agreement with a major hyperscaler for its Comanche Peak nuclear facility in Texas, and we see the potential for additional large deals in the future.
1. Figma, Inc. (NYSE:FIG)
Figma, Inc. (NYSE:FIG) was among the stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. Noting that the stock has been declining recently, a caller asked for the reason behind the decline. Cramer replied:
Well, okay, it’s going down and down because a lot of people feel you can do the same thing that Figma does with Google, I’m not kidding with Google, and that’s what’s causing it to go down and I don’t know how to stop that because some stocks that compete with Google just, well, that’s the wrong place to be.
Figma, Inc. (NYSE:FIG) provides a cloud-based design platform that enables teams to collaborate on interface design, prototyping, and product development. It offers tools for design systems, whiteboarding, presentations, illustration, brand assets, websites, and AI-driven prototyping.
A caller asked about the stock during the January 27 episode and noted it was down. Cramer responded:
Yeah, yeah. They bagged people on that one, man. People actually, no, I shouldn’t say that. People got too excited about it. Figma’s very good design software, but you know what? You got Adobe out there just flailing, and I don’t want to touch design software. I really don’t. I think it’s just too hard.
While we acknowledge the potential of FIG 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 FIG and that has 100x upside potential, check out our report about the cheapest AI stock.
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