Jim Cramer, host of Mad Money, said on Tuesday that OpenAI’s real “code red” has more to do with money.
“I’ve been thinking, if OpenAI were a Netflix series, it would have some tragic moments, some tense moments, and some pure spit-take hilarity, and we’d all be addicted to watching… Even though OpenAI is not a TV show, it’s not even publicly traded, its impact on the market is downright monstrous because it has a stranglehold on a host of major tech stocks.”
READ ALSO Jim Cramer Was Recently Asked About These 8 Stocks and Jim Cramer Recently Discussed These 9 Stocks
Cramer noted that the worry behind the code red comes from the possibility that Google’s Gemini 3 may be overtaking ChatGPT in users. He said it is because Gemini 3 is fast, direct, and easy to use, and noted that people who jump between chatbots tend to switch quickly based on convenience. He said Gemini 3 is simple for people to find and much easier for many to trust because it is tied to Google. He added that when comparing Alphabet and OpenAI, Alphabet has access to far larger borrowing power, and OpenAI is facing competitors that can all tap credit markets more easily.
“The bottom line: As ChatGPT tells us, states that can borrow win. And right now, every hyperscaler can borrow hundreds of billions of dollars, but OpenAI? Let’s just say, as someone who once sold bonds for a living, I never wanted to hurt my clients, so I pass on that unattractive piece of merchandise.”
Our Methodology
For this article, we compiled a list of 7 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on December 2. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the third quarter of 2025, which was taken from Insider Monkey’s database of 978 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Jim Cramer Recently Looked At These 7 Stocks
7. The Boeing Company (NYSE:BA)
Number of Hedge Fund Holders: 106
The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer recently looked at. Cramer highlighted possible opportunities in the stock, as he commented:
“Let me show you what a hard and fast bottom really looks like. Let’s talk Boeing. Coming into today’s session, the only word I could use to describe the stock of Boeing was free fall… Today, though, Boeing spoke, and lo and behold, it didn’t take down numbers. In fact, it reaffirmed the previous estimates. When you’re dealing with a company as dysfunctional as this one, that is huge… The chief financial officer who gave the talk did something that signals the bottom almost every single time. He called the end of what’s known as the negative revisions cycle… which is why it shot up 10% today and why it’s most likely, after some churning, not done going higher.
Now, my Charitable Trust has been buying Boeing all the way down in anticipation of this moment, the end of the negative revision cycle. We knew that when we got there, it would be time for CEO Kelly Ortberg to start playing offense, and now I think he will do just that. More important, because of the huge demand for Boeing’s planes, any sign that the negative revision cycle is over means that when it doesn’t really matter when you buy the stock, even up almost 19 as it was today, because so many pessimistic analysts have been waiting for this moment to upgrade… When you own a stock that’s getting clubbed, there’s always a voice in your head saying, Lord, get me out of this one… And the people who listen to that voice, well, they sold Boeing today, and they shouldn’t have.
That’s usually a big mistake because, as much as you want to get out, there are often a lot more people who have been waiting for the green light to get in, to start buying… They want to buy Boeing for 2026 when the planes start coming off the assembly line… [into] desperate waiting hands of not just airlines but whole countries that have promised President Trump that they’ll buy Boeing planes to shrink their trade deficits with us. How do I know that the Boeing CFO is telling the truth? Well, because his career’s on the line… Everyone on Wall Street knows that, which is why Boeing, one of the worst stocks in this entire market, finally bottomed today. And even after this move, do you know what? It’s not too late to buy some tomorrow after the profit-taking subsides.”
The Boeing Company (NYSE:BA) designs and builds commercial aircraft, defense systems, satellites, and space technologies, and provides related support and service solutions.
6. Strategy Inc (NASDAQ:MSTR)
Number of Hedge Fund Holders: 43
Strategy Inc (NASDAQ:MSTR) is one of the stocks Jim Cramer recently looked at. Cramer mentioned the stock during the episode and said:
“In this business, nothing’s harder than spotting bottoms… What matters the most here is not Bitcoin itself, but a company called Strategy run by Michael Saylor, a Bitcoin evangelist who’s adopted what I consider to be a Malcolm X style by any means necessary approach to keep Bitcoin higher. He has a huge amount of money on the line because Strategy has transformed itself basically into a Bitcoin accumulation machine fueled by borrowed money.
Saylor’s a clever guy, and he may be able to forestall the executioner, in which case we’re at the bottom. But if Strategy’s still in trouble, then the company might be forced to sell the largest Bitcoin hoard in the world, at least some of which would produce a furious crescendo of selling. In that case, who knows, maybe Bitcoin goes to $60,000. But the operative and problematic term in that sentence is who knows. When you’re fishing for a bottom, who knows doesn’t cut it.”
Strategy Inc (NASDAQ:MSTR) provides investors with exposure to Bitcoin through a mix of equity and fixed-income securities. In addition, the company offers AI tools that help businesses understand their data and make better decisions.
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