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.
5. Oklo Inc. (NYSE:OKLO)
Number of Hedge Fund Holders: 38
Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer recently looked at. Answering a caller’s query about the stock, Cramer said:
“Okay, that’s a stock that is part of the year of magical investing. That year ended. You need to sell the stock of Oklo. I’m going to give you a twofer. Sell IREN… Why? Because they just did a convert. I don’t want you near that one either.”
Oklo Inc. (NYSE:OKLO) designs advanced fission power plants to deliver scalable clean energy and develops nuclear fuel recycling technology that transforms waste into usable reactor fuel. Cramer highlighted the company during the November 12 episode and commented:
“Maybe you bought OKLO because… I’ve spoken highly about nuclear power. Oklo is working to develop as much nuclear power as possible with smaller form reactors, and the conference call yesterday was extremely bullish and really good. At the same time, though, we got to admit that Oklo is a pre-revenue company with gigantic losses. Even if the federal government starts greenlighting nuclear projects faster than they’re doing now, it could take a decade to build one of these things, and they always seem to have huge cost overruns.
Sure, Oklo could announce a deal to revive power with a major hyperscaler, but who knows when that will come… the stock is up over 400% for the year. As I see it, this more than 400% move is giving you a terrific opportunity to ring the register on part of your position. Now, ideally, you can take out at least your cost basis, then you can let the rest ride. I’m not against that, if you’re still a big believer in nuclear power like I am, but man, it’s over 400% for the year…
Rigetti and Oklo are just two of the hyper speculative companies that I’m referring and referencing when I am talking about the year of magical investing. That era is drawing to a close. If you own them and they’re up very big, have you made money? Only if you’ve sold some. Otherwise, no.”
4. Linde plc (NASDAQ:LIN)
Number of Hedge Fund Holders: 76
Linde plc (NASDAQ:LIN) is one of the stocks Jim Cramer recently looked at. During the lightning round, when a caller inquired about the stock, Cramer said:
“Yeah, this stock has been, my Charitable Trust owns, this stock has just been nothing but nastiness, and I don’t know, you know, look, it’s a great industrial gas company. It has done so well over many years. This is not one of those years. And I really think it’s surprising that the company doesn’t come out and start saying something because, wow, it’s been in free fall.”
Linde plc (NASDAQ:LIN) provides industrial and specialty gases and builds major processing plants used by industries including healthcare, energy, manufacturing, and food. During the November 6 episode of Squawk on the Street, Cramer mentioned the company and remarked:
“Take a look at Linde which is one of the great industrial chemicals. Take a look at when that stock peaked. And by the way, they’re in every single industry, from wine, to data center, to oil drilling. And it’s like, pscheww, because some people were, look at that, see that is, Mr. President, that’s what’s happening. And Linde by the way, real company, real company.”
3. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 332
Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently looked at. Cramer called it a “great company” during the episode and stated:
“Amazon is a great company with an incredible retail business. Right now, Wall Street only seems to care about Amazon Web Services, their cloud and AI infrastructure division, that put up 20% revenue growth last quarter, its best growth rate since 2022. And I gotta tell you, I think Wall Street’s right. Today, Amazon Web Services is hosting its annual re:Invent conference in Las Vegas, and as usual, they’ve made some major announcements, new AI agent offerings, new high-performance chips to speed up the data center, and a lot more. This business is right at the heart of the AI data center theme, and it is a huge profit center, much bigger than Prime that you’re probably a member of. It’s where CEO Andy Jassy came from.”
Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators.
2. Coinbase Global, Inc. (NASDAQ:COIN)
Number of Hedge Fund Holders: 73
Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer recently looked at. During the episode, a caller sought Cramer’s thoughts on the stock, and he replied:
“Okay, Coinbase is deeply linked to the price of Bitcoin. It’s one of the many stocks that I talk about that frankly is just completely… linked and all those other stuff. I think Bitcoin’s bouncing probably to 97 to 98,000. And you know what? I think you should scale out of that thing on the way up. You just had a nice gain in the last six, you know, look, it’s not, it’s been up 6%. Sell it on the way up. There are other better stocks to own, like Goldman Sachs, which my trust owns, and I think it’s [in] a lot better shape.”
Coinbase Global, Inc. (NASDAQ:COIN) provides a platform for buying, selling, and managing crypto assets. During the September 24 episode, a caller inquired about the stock, and Cramer responded:
“Alright, I want to take a longer-term view on Coinbase because I think that they, in the end, were the first, I know there’s Bullish, but Coinbase stuck its neck out and went out, and all the other firms avoided them or almost isolated them, the typical brokerages. Well, now they last the, you know, these guys laugh last. I think you just own Coinbase. Don’t trade it. Not for a long time, but right now.”
1. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 273
Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently looked at. During the episode, illustrating the point that if OpenAI’s story were turned into a Netflix series, Cramer said:
“The Wall Street Journal reported this very morning that Altman said OpenAI might be pushing back… on other initiatives, like advertising, like AI agents for health and shopping, along with a personal assistant… Now, wait a second, there’s some real implications here for a lot of important stocks. I mean, for instance, let’s go to the series for a second.
We’d see Mark Zuckerberg, no doubt played by the slightly older… Jesse Eisenberg, taking his readiness down from DEFCON 2 to say DEFCON 4, as Meta’s advertising model might immediately be less challenged with OpenAI diverting resources away from advertising. Meta has an advertising-based model. Zuckerberg can leak that he may not even need to spend as much on the data center buildout as he previously predicted and still dominate advertising… Now, if I were directing, I’d have Eisenberg character, I’d have him watching CNBC and cheering as Meta stock goes to the top of the leaderboard because of this. Why not? It’s down 150 points from its high. I think it’s a buy.”
Meta Platforms, Inc. (NASDAQ:META) develops social media, messaging, and communication products, including Facebook, Instagram, Messenger, Threads, and WhatsApp. Additionally, the company creates virtual, augmented, and mixed reality hardware and software.
While we acknowledge the potential of Meta Platforms, Inc. (NASDAQ:META) 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 META and that has 100x upside potential, check out our report about this cheapest AI stock.
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