On Monday, Jim Cramer, host of Mad Money, spoke about the race in artificial intelligence.
“I know that I am a believer. Ever since Jensen Huang, the CEO of NVIDIA, told me about the possibilities of accelerated computing and artificial intelligence [in], I don’t know, 2018, I thought that there could be some sort of revolution going here. Jensen told me I was thinking too small.”
READ ALSO: 16 Stocks Jim Cramer Recently Talked About and Jim Cramer’s Game Plan For This Week: 7 Stocks in Focus.
Cramer commented that Huang explained that it was the beginning of the fourth industrial revolution. Initially, Cramer admitted he thought it “seemed a little bit hyperbolic.” He went on to say that the first industrial revolution was powered by the steam engine and mechanized production. The second emerged with electricity and mass manufacturing, and the third was the last five decades of “digital technology, automated production, electronics, telecom, the PC, and the internet.”
“And now is the fourth industrial revolution, the era of artificial intelligence and machines that reason. That is the next iteration, machines that we’d rather deal with than humans, machines that will either be our assistants or our enemies if you believe Hollywood. I see no reason to disagree with Jensen Huang. His predictions have been right the whole time. He predicted AI would be seismic and his company would be at the heart of it.”
Our Methodology
For this article, we compiled a list of 17 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on October 6. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer Put These 17 Stocks Under the Spotlight
17. Shake Shack Inc. (NYSE:SHAK)
Number of Hedge Fund Holders: 34
Shake Shack Inc. (NYSE:SHAK) is one of the stocks Jim Cramer put under the spotlight. Cramer discussed the company in light of the current state of the consumers. He commented:
“Today, we got a lot of research about how the consumer’s in terrible shape. I saw notes about how Shake Shack and Papa John’s may be too expensive for some people. I’ve been a big fan of Shake Shack stock. I was surprised to learn that customers are being hurt by the price of beef in a softer economy.”
Shake Shack Inc. (NYSE:SHAK) operates and licenses a chain of restaurants serving burgers, chicken, hot dogs, fries, shakes, frozen custard, and beverages. Cramer discussed the stock during the August 4 episode and said:
“During earnings season, when a stock comes in maybe too hot, even a good quarter might not be enough to prevent it from pulling back. Take Shake Shack, iconic burger chain. Last Thursday morning, the company reported a pretty clean top and bottom line beat with its highest restaurant level margins in six years, which is what I care about. Yet some people thought there was a fly in the ointment. Shake’s same-store sales grew at just 1.8%. Analysts were looking for 2.2%. Give me a break.
That’s hardly the end of the world, but given that the stock was up 60% from where it was trading when they reported the previous quarter, clearly expectations were high and there wasn’t much margin for error there. We had to be careful, but that’s why the stock plunged almost 15% on Thursday and fell another 7% on Friday before rebounding more than 3% today.”
16. USA Rare Earth, Inc. (NASDAQ:USAR)
Number of Hedge Fund Holders: 13
USA Rare Earth, Inc. (NASDAQ:USAR) is one of the stocks Jim Cramer put under the spotlight. A caller sought Cramer’s opinion on the stock during the lightning round, and he stated:
“Okay, now we did a piece last week on rare earth companies, and we said that they’re all speculative, but we recognize that the president, at any given moment, could take a stake. I am going to say that this fits that pattern, and we are not going to fight you to take it. Now, it’s not like I’m just saying you can buy any one of these. I am saying that there’s White House talk, Trump stake, that’s what we’re concerned about. You can play that. Remember, that’s what you’re doing. You’re not playing the earnings… You know there aren’t any.”
USA Rare Earth, Inc. (NASDAQ:USAR) focuses on mining, processing, and supplying rare earth elements and critical minerals such as neodymium, dysprosium, and lithium.
15. CommScope Holding Company, Inc. (NASDAQ:COMM)
Number of Hedge Fund Holders: 38
CommScope Holding Company, Inc. (NASDAQ:COMM) is one of the stocks Jim Cramer put under the spotlight. A caller inquired if Cramer would bless taking a small speculative position in the stock. He replied:
“You know, I gotta tell you, I think… I know that I feel awful that we missed the big run, but you know, there may be another run in that one. I think that you’re not drinking the phosphoro. I think you’re fine on that one. I know that sounds strange, but I really think you’re fine.”
CommScope Holding Company, Inc. (NASDAQ:COMM) provides communications and network infrastructure solutions, including fiber and copper connectivity, broadband, video, and wireless technologies. The company offers cloud-based management, security, and connectivity systems for telecom operators, data centers, and service providers. On October 7, it announced the global launch of its updated SYSTIMAX Constellation platform.
The platform uses a simplified design that supports both AC and DC power, connects many devices through Constellation Points, and allows centralized power management. Furthermore, it can cut installation time by more than half, reduce material use, and lower carbon emissions while delivering up to 1,800W of power, 10G+ speeds, and support for up to 50 devices per Constellation Point.
14. Upbound Group, Inc. (NASDAQ:UPBD)
Number of Hedge Fund Holders: 22
Upbound Group, Inc. (NASDAQ:UPBD) is one of the stocks Jim Cramer put under the spotlight. When a caller asked about the stock, Cramer stated:
“That model, that’s the least known model, has not been a proven model. I do not like it, I am sorry.”
Upbound Group, Inc. (NASDAQ:UPBD) provides lease-to-own and installment purchase options for household goods. The company’s products include furniture, appliances, electronics, computers, smartphones, and other consumer items. The company announced a quarterly dividend of $0.39 per share on September 18, payable by October 21 to the shareholders of record on September 30. Lastly, Upbound Group, Inc. (NASDAQ:UPBD) has a 7.1% yield at the time of writing.
13. Remitly Global, Inc. (NASDAQ:RELY)
Number of Hedge Fund Holders: 39
Remitly Global, Inc. (NASDAQ:RELY) is one of the stocks Jim Cramer put under the spotlight. During the lightning round, a caller asked for Cramer’s opinion on the stock, and he commented:
“Well, that’s to remit, for immigrants to be able to remit money, and I think that it’s a very challenged group right now, and I don’t think you want to be there. I’d rather just be in the traditional bank.”
Remitly Global, Inc. (NASDAQ:RELY) provides digital financial services that enable cross-border money transfers and related solutions through its mobile app and website. Night Watch Investment Management stated the following regarding Remitly Global, Inc. (NASDAQ:RELY) in its Q2 2025 investor letter:
“We follow a diverse set of industries and are able to rapidly reposition in case an external factor such as politics changes the winners and the losers. The proposed tariffs, as well as the tax legislation that is currently being negotiated by the US Senate, will impact some industries and we have repositioned accordingly.
As an example, a potential loser from changes to the remittance tax is Remitly Global, Inc. (NASDAQ:RELY). As a provider of digital remittance services, which helps immigrants send money back to their home country, RELY is largely exposed to documented immigrants. After all, you need a bank account in order to transact with them. The new tax legislation proposed a 3.5% remittance tax on all non-citizens, including legal immigrants. Even though it is likely that exceptions will be made for legal residents, this can still severely impair RELY’s business, so we sold our entire position in RELY.”
12. Inspire Medical Systems, Inc. (NYSE:INSP)
Number of Hedge Fund Holders: 34
Inspire Medical Systems, Inc. (NYSE:INSP) is one of the stocks Jim Cramer put under the spotlight. Cramer highlighted that GLP-1s are negatively impacting the company, as he remarked:
“Management wasn’t able to quantify the impact, and they continue to insist that GLP-1s will be a long-term positive because tons of people are actually too obese to get Inspire’s implant. They argue that the GLP-1s will increase their total adjustable market by helping those people lose weight. I’m not buying this one bit. It feels like a crazy argument to me to make when you’re cutting your earnings forecast by almost 80%.
More importantly, these GLP-1s have proven to be an incredibly effective treatment for sleep apnea even before they make you lose lots of weight… In the end, I can’t give Inspire Med my blessings because it really does seem like the company’s being hurt by the GLP-1s, something even management’s finally acknowledging. But look, it’s not just the GLP-1s’ issue…
They’ve had one execution issue after another after another. Their latest product launch was a nightmare. If you want to play sleep apnea, Resmed has been still putting up good numbers, which is why that stock’s up 23% for the year. Here’s the bottom line: In a world without the GLP-1s, Inspire might be a very exciting story, but that’s not the world we live in. And from the looks of things, the GLP-1s may be eating them alive. Maybe this company can finally sort out its short-term execution issues and triumph, but I’m not going to hold my breath.”
Inspire Medical Systems, Inc. (NYSE:INSP) develops and markets minimally invasive therapies for obstructive sleep apnea.
11. Excelerate Energy, Inc. (NYSE:EE)
Number of Hedge Fund Holders: 29
Excelerate Energy, Inc. (NYSE:EE) is one of the stocks Jim Cramer put under the spotlight. When a caller expressed worry about the stock, Cramer remarked:
“Yeah, you know, I looked at that. I don’t think you have, I mean, first of all, energy’s in the wrong place to be. But second, that LNG terminal service, I thought it was going to be great because we don’t have real deep water there, but I just feel like, after just reading Rusty Braziel’s stuff, I just can’t be excited about it. I’m sorry, I just can’t be.”
Excelerate Energy, Inc. (NYSE:EE) provides liquefied natural gas solutions, including regasification, infrastructure development, and LNG and natural gas supply. Cramer mentioned the company during the July 28 episode and said:
“Finally, let’s not forget another one that I talked about a lot, which is called Excelerate Energy, and that’s EX not AC. That’s a company that has 11 specialized structures, and they’re called floating storage regasification units. In a nutshell, these things turn LNG back into regular natural gas once it reaches its destination. They are ideal to help countries without significant existing infrastructure accept cargoes, LNG, more quick… I covered Excelerate Energy when it came public just over three years ago, but not much since then, mainly because the stock hasn’t done much since the IPO. But if the EU wants to speed up the process of receiving its agreed-to allocations of liquified natural gas from the United States, then Excelerate’s business could see a really nice bump.”
10. Oklo Inc. (NYSE:OKLO)
Number of Hedge Fund Holders: 36
Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer put under the spotlight. A caller asked about stock, stating they bought shares at $72 in early September, sold half when the stock hit $140, and are now considering if they should buy more or wait after a pullback to $110. In response, Cramer said:
“You’ve got a really good position and you don’t mess with it. I was joking with Jeff Marks today. I said, why don’t we just go buy some OKLO? I can’t take it anymore. That’s how I talk all the time. And he said, why would we do it? I said, because it just has done nothing but go up. When you hear someone say that, even if it’s me, I’ll tell you what you do, you don’t touch it. Let’s just stay the course.”
Oklo Inc. (NYSE:OKLO) designs advanced fission power plants to deliver clean and reliable energy at scale. Additionally, the company develops nuclear fuel recycling technology that transforms waste into usable reactor fuel.
9. American Electric Power Company, Inc. (NASDAQ:AEP)
Number of Hedge Fund Holders: 53
American Electric Power Company, Inc. (NASDAQ:AEP) is one of the stocks Jim Cramer put under the spotlight. Cramer noted that he has been a big fan of the stock for 20 years, as he commented:
“AEP’s had a tremendous run this year with a stock up 25% year to date, thanks to load growth in the data centers… On the last conference call, AEP said it now projects a staggering 24 gigawatts of new customer load by 2030, which was a 14% increase from what they forecasted just three months before. That’s how fast the story’s moving. At the same time, AEP said its customers are actively looking to connect an additional 190 gigawatts of load to their system.
That’s roughly five times the current system size of 37 gigawatts. CEO Bill Fehrman called the load growth ‘unprecedented’. But he said that AEP’s uniquely suited to address this challenge because it has such an advanced transmission network. We mostly don’t have a great electric grid in this country… but that’s nothing that AEP needs to worry about. Stock sells for just 20 times this year’s earnings estimates, solid 3.2% dividend yield. I am a big fan, have been for 20 years.”
American Electric Power Company, Inc. (NASDAQ:AEP) generates, transmits, and distributes electricity using coal, natural gas, nuclear, renewable, and other energy sources.
8. Dominion Energy, Inc. (NYSE:D)
Number of Hedge Fund Holders: 29
Dominion Energy, Inc. (NYSE:D) is one of the stocks Jim Cramer put under the spotlight. Cramer discussed the company’s valuation and yield during the episode, as he said:
“The story has been simplified significantly over the past couple of years after management reigned in the renewable investments and simplified its business, including with the sale of three gas distribution businesses to Enbridge for $14 billion last year. Ever since that Enbridge deal closed last year, Dominion’s just been a juggernaut. The company now is a much cleaner story, one that’s centered around providing a dependable, growing supply of power to many data centers in Northern Virginia. According to management, their total data center power capacity under a contract has almost doubled in just over half a year. Best of all, the stock sells for 18 times this year’s earnings estimates with a hefty 4.3% dividend yield. So cheaper than Entergy.”
Dominion Energy, Inc. (NYSE:D) provides regulated electricity and natural gas services through extensive generation, transmission, and distribution networks.
7. Entergy Corporation (NYSE:ETR)
Number of Hedge Fund Holders: 64
Entergy Corporation (NYSE:ETR) is one of the stocks Jim Cramer put under the spotlight. Cramer discussed the company’s “incredible run,” as he commented:
“We need to talk about this incredible run in Entergy, the New Orleans-based electric utility, which has seen the stock move up from $87 to $97 in a month, I mean, come on, including some big moves just over the last two sessions. So Entergy hit a new all-time high, which has become a semi-regular occurrence these days, with the stock now up more than 28% year to date. Mind you, this is a utility stock. What’s driving this latest leg higher? Okay, last Thursday night, Entergy announced that its Arkansas subsidiary will be powering Google’s new $4 billion data center in West Memphis. This is just the latest example of a regulated utility catching fire thanks to some new AI data center announcements…
It’s a tad expensive here, trading at 25 times this year’s earnings estimates. I’m not used to paying nearly that much for electricity, but I’m willing to pay up for a dependable company with accelerating earnings growth. Plus, the stock’s actually going to look cheaper forward. It sells for roughly 22 times next year’s numbers, and I expect more data center announcements that will send this thing higher and then higher again. It’s got some nukes too. It’ll take many years for these to pay off. But again, this is the first time in decades that the regulated utilities have had anything remotely resembling a growth story.”
Entergy Corporation (NYSE:ETR) produces and distributes electricity and natural gas, generating power from gas, nuclear, coal, hydro, and solar sources.
6. Take-Two Interactive Software, Inc. (NASDAQ:TTWO)
Number of Hedge Fund Holders: 71
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is one of the stocks Jim Cramer put under the spotlight. Cramer noted that after EA going private, it is the only significant pure-play American video game company that is publicly traded. He stated:
“Honestly… far more important than the latest earnings report is the simple fact that just last week the old Electronic Arts announced it will be taken private at $210 per share by a consortium of private equity firms… This was an industry with three major players, but now with Activision gone and EA going private, Take-Two’s now the only major publicly traded American video game company that’s a pure play. Now, I think this is huge. Not only were some very sophisticated investors willing to pay a premium for EA, but Take-Two has real scarcity value now. If you want a traditional video game publisher, you either need to mess around with the Japanese market or bet on Take-Two…
If you bought this stock eight months before the last Grand Theft Auto in 2013, and that would be in January 2013, and then you held it for the next two years, 133% gain. Here’s the bottom line: Grand Theft Auto VI is almost guaranteed to be a major hit. And in the meantime, Take-Two’s already firing on all cylinders. And once EA goes private, it will be the only pure-play American video game publisher that’s publicly traded. Just keep in mind, if you’re taking the plunge into Take-Two here, you have to be able to stomach any delays to GTA VI. In fact, you should expect delays… But I’m so confident in Take-Two that I actually hope that the next big game gets delayed and the stock comes down hard, which will give you an even better buying opportunity.”
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) develops, publishes, and markets video games across consoles, mobile devices, and PCs. The company’s lineup has franchises like Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, BioShock, and more.
5. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holders: 73
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer put under the spotlight. A caller asked if they should buy, sell, or hold the stock, and Cramer replied:
“Buy. The stock is selling at a ridiculously low multiple still. It’s hovering around this level. People are getting nervous at this level. It’s going to blow through this level, and you’re going to wish that you got in right now.”
The Goldman Sachs Group, Inc. (NYSE:GS) provides financial advisory, investment banking, and wealth management services for corporations, institutions, governments, and individuals. The firm offers asset management, lending, trading, credit cards, and transaction banking solutions. During the September 29 episode, Cramer mentioned the company in light of Electronic Arts going private, as he commented:
“This morning, EA, the old Electronic Arts, got a $55 billion bid, the largest all-cash sponsored take-private deal in history. Silver Lake’s the prominent name among the buyers, but it’s PIF, the Saudi sovereign wealth fund, that’s putting up most of the money. Well, there’s a buyer for you. Although I don’t own EA for the Charitable Trust, I’m still gratified to see Goldman Sachs as the company’s advisor for this deal… These are huge tickets… Almost big enough to hit the M&A line in fine form for Goldman Sachs, which is a big position for my Charitable Trust… Goldman’s up over 40%… What makes me think there’s still room to run? Because the big banks are still cheap on earnings… Goldman’s at 17 times earnings.”
4. Celestica Inc. (NYSE:CLS)
Number of Hedge Fund Holders: 63
Celestica Inc. (NYSE:CLS) is one of the stocks Jim Cramer put under the spotlight. Answering a caller’s query about the stock during the episode, Cramer said:
“Did you see that stock today? Did you see how beautiful that stock acted? Holy cow. I mean… Jabil was acting not nearly as good. I think Jabil’s a good company, but Celestica, they better come on. I mean, that thing is just like a, that’s a freight train.”
Celestica Inc. (NYSE:CLS) provides manufacturing and supply chain solutions, including design, engineering, assembly, logistics, and after-market services. During the August 11 episode, when a caller inquired about the company stock, Cramer called it a “strong buy,” as he remarked:
“Oh, Celestica is red hot. I like Celestica. I like Jabil. I like Sanmina. All three of these companies are, what they do is they contract manufacturing, and in a time of tariffs, you want to be where you can build something, that you have a lower tariff, and Celestica can really help you. It is a strong buy. I’ve been trying to figure out how to recommend it on the show, and I’m so glad you called… you just gave me the chance to do so.”
3. Bank of America Corporation (NYSE:BAC)
Number of Hedge Fund Holders: 115
Bank of America Corporation (NYSE:BAC) is one of the stocks Jim Cramer put under the spotlight. Having owned the stock for the past 2 years, a caller asked if they should take their 65% profit or let it ride. In response, Cramer said:
“Let Bank of America ride. It’s very inexpensive. I think it can go much higher. I don’t think it’s going to be stuck at this level, and I like the way the financials trade very much. You’ll do well with Bank of America.”
Bank of America Corporation (NYSE:BAC) provides banking, lending, and investment services for individuals, businesses, and institutions. Cramer mentioned the company’s buyback program during the July 24 episode, as he commented:
“Now these aren’t flash. When Bank of America announced a $40 billion buyback the other day and nobody even notices, I regard that as a terrific sign. We want boring, we want no flash, we want gray flannel suits, and that’s just what we’re getting to fuel this rally. So yawn away, but be sure to do some buying.”
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer put under the spotlight. Cramer highlighted that the company’s CEO is an “excellent investor.” He said:
“Last month, Jensen Huang won a very similar deal with OpenAI; this time, a 10-gigawatt deal… Unlike AMD with its grant of warrants to OpenAI, NVIDIA actually is going to be investing a hundred billion in OpenAI in stages over the life of the deal. If you haven’t studied Jensen’s moves, you might not know that he’s an excellent investor. He does all the work himself… He animated that rather than this being a circular, lazy Susan deal as the billionaires described and the hedge fund shorts described, it’s simply a great investment in an up and coming company.
He pointed out that there can be no circular deal if there’s no quid pro quo. No matter, I hear it from people… who are outraged that… I believe Jensen when he said that the deal wasn’t exclusive. This guy has created $4 trillion of market capitalization in less than five years. Why the heck wouldn’t I believe him?”
NVIDIA Corporation (NASDAQ:NVDA) develops advanced computing, graphics, and AI technologies spanning data centers, gaming, and automotive systems. The company’s products power applications in artificial intelligence, visualization, autonomous vehicles, and cloud computing.
1. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer put under the spotlight. Cramer discussed the company in light of its deal with OpenAI. He said:
“Look, you either believe or you don’t believe. It is as simple as that. You either accept that OpenAI is going to pay for the billions of dollars of chips they just ordered from AMD, or you refuse to believe it, and you assume AMD will get stiffed because OpenAI doesn’t have the money or won’t need the chips. I prefer to accept the answer I got on Squawk on the Street this very morning from Lisa Su, the brilliant CEO of AMD. She’s not worried, and neither is Greg Brockman, the co-founder and president of OpenAI…
OpenAI’s Greg Brockman told us this morning that he basically needed all the computing power he could get his hands on, and AMD’s product was excellent. OpenAI will be taking a stake in AMD, a slug of warrants which kick in as AMD stock goes higher.
This deal could be worth tens of billions of dollars to AMD and Lisa Su. Now, the stock market lapped it up with AMD rallying $39 from nearly 24% in one session… They (OpenAI) have a no-nonsense CFO in Sarah Friar, a storied fixture at young companies and former managing director at Goldman Sachs, whom I trust through and through, and AMD’s Lisa Su is one of the toughest execs in the business. Both have impeccable credentials, but look, what can I tell you? I trust them.”
Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and produces semiconductors, processors, GPUs, and adaptive computing solutions for data centers, gaming, and embedded systems. The company’s products are used to power AI, cloud computing, and high-performance computing applications.
While we acknowledge the potential of Advanced Micro Devices, Inc. (NASDAQ:AMD) 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 AMD and that has 100x upside potential, check out our report about this cheapest AI stock.
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