On Wednesday’s episode of Mad Money, host Jim Cramer discussed the current state of the economy into three distinct segments.
“We have three economies right now… Two of those are booming, although one shouldn’t be, and the third one is hurting badly, and it needs help right now… The first and the most exciting is everything connected to artificial intelligence and the data center.”
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Cramer began with what he described as the most dynamic segment: the economy surrounding artificial intelligence and data centers. He said that it is the most exciting development in the market and called it “the fourth industrial revolution.” He went on to say that there is no reason for concern regarding this part of the economy. Cramer referred to the second segment as “the so-called real economy,” which he said is not faring as well. He observed that it appears weak and added that it is difficult to assess fully due to a lack of up-to-date economic data caused by federal furloughs.
Nonetheless, Cramer warned that this area needs multiple interest rate cuts in order to recover. The third segment he discussed was the speculative side of the market, which he said resembles the final stages of the dot-com bubble. He emphasized that this portion of the economy “has to be stopped before its froth overwhelms everything else.”
“Here’s the bottom line: It’s these speculative stocks that are the real bubbles, not the AI plays. Yet, you’d never know if you listened to the bears, they conflate them all… These people aren’t there to help you anyway, so please stop taking them so darn seriously.”
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on October 8. 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 Recently Offered Insights on These 11 Stocks
11. PepsiCo, Inc. (NASDAQ:PEP)
Number of Hedge Fund Holders: 68
PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks Jim Cramer recently offered insights on. While discussing the stock, Cramer pointed out that the market behavior has shifted significantly. He said:
“The market didn’t use to operate this way, but times have changed. If you scrutinize the new low list, what do you see? It’s all the old safety stocks. What’s down a lot? How about Kimberly-Clark, down 2% today, nearly 9% for the year. How about Clorox, down 26% for the year. Campbell’s, that old story, down 27%… McCormick, it didn’t look like a terrible quarter when the spice company reported the other day, but the stock was slaughtered anyway. PepsiCo reports tomorrow. It’s got a 4% yield and a powerful activist firm trying to get that stock back in the plus column, but it’s still down more than 8% for the year. Then again, that’s a lot better than Conagra, down nearly 33%. Ouch. So there’s no safety in these stocks.”
PepsiCo, Inc. (NASDAQ:PEP) produces, markets, and distributes beverages and convenient foods, including snacks, cereals, dairy, and ready-to-drink products.
10. SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 19
SoundHound AI, Inc. (NASDAQ:SOUN) is one of the stocks Jim Cramer recently offered insights on. When a caller asked about the stock, Cramer replied:
“Yeah, you see, SoundHound is a company that got, what happened is it got NVIDIA’s endorsement, and ever since then it’s been on fire. I say this, I say, it’s up a great deal. It’s not making money. I would take a little bit off tomorrow and then let the rest run.”
SoundHound AI, Inc. (NASDAQ:SOUN) provides voice artificial intelligence solutions that enable businesses to create conversational interfaces. The company’s technologies power real-time voice assistants, customer service tools, and smart device integrations. During the September 18 episode, a caller inquired about the stock, and Cramer replied:
“SoundHound, it’s a meme stock. You know, I don’t, I just am not into the meme, I mean, I’m willing to talk about the meme stocks forever, research the meme stocks forever, but own the meme stocks forever? No.”
9. NexGen Energy Ltd. (NYSE:NXE)
Number of Hedge Fund Holders: 40
NexGen Energy Ltd. (NYSE:NXE) is one of the stocks Jim Cramer recently offered insights on. During the lightning round, a caller asked if they should buy, sell, or hold the stock, and Cramer commented:
“NXE’s had a really, really big move. Why don’t you do this? Why don’t you know, no doubt, you probably have your, the cost basis as well below this. Take out your cost basis tomorrow, and then you can let it run.”
NexGen Energy Ltd. (NYSE:NXE) focuses on the exploration and development of uranium resources. It owns the Rook I project, a major mineral property in Saskatchewan’s Athabasca Basin. On August 28, the company reported positive results from its summer drilling program at the Patterson Corridor East project. The results confirm strong high-grade continuity, with a mineralized zone extending at least 200 meters and forming part of a broader pattern of high-grade shoots. NexGen has completed about half of its 2025 drilling plan, with many of the holes showing uranium, including several very rich ones.
8. International Flavors & Fragrances Inc. (NYSE:IFF)
Number of Hedge Fund Holders: 45
International Flavors & Fragrances Inc. (NYSE:IFF) is one of the stocks Jim Cramer recently offered insights on. Answering a caller’s query about the stock during the lightning round, Cramer remarked:
“Okay, the problem there is that it’s just flatlining. The sales have flatlined. There’s really nothing that I can say that’s good about it. It has no growth, and that’s disappointing. It used to be a better company.”
International Flavors & Fragrances Inc. (NYSE:IFF) produces and markets ingredients and solutions for food, beverages, health, biosciences, fragrances, and pharmaceuticals. On October 3, Mizuho reduced its price target on the company’s stock to $75 from $85 while maintaining an Outperform rating.
The price revision came as the firm updated targets across the chemicals and packaging sector in light of third-quarter earnings. Mizuho pointed toward reduced U.S. natural gas-based advantages that may pressure petrochemical margins. The firm named International Flavors & Fragrances Inc. (NYSE:IFF) as one of its top picks.
7. Agnico Eagle Mines Limited (NYSE:AEM)
Number of Hedge Fund Holders: 52
Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks Jim Cramer recently offered insights on. Cramer noted that it is a “Cramer fave,” as he remarked:
“What do we make of the spectacular rally in the price of gold, taking in above $4,000 an ounce for the first time in history? I always tell you to have some gold in your portfolio, yes, I am a gold bug, as a kind of insurance against inflation or currency devaluation, or just economic chaos. And this year, that insurance policy has paid off. Gold’s up 54% for the year. But you know what? You’ve done much, much better if you own certain gold miners. Take Cramer fave, Agnico Eagle Mines, up blistering 117% year to date. These guys have a bunch of low-cost mines coming online in the not-too-distant future. In other words, as long as gold prices stay high, I mean, these guys can make a killing.”
Agnico Eagle Mines Limited (NYSE:AEM) explores, develops, and produces precious metals, primarily gold, along with silver, zinc, and copper.
6. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 156
Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently offered insights on. Mentioning that they bought a small position in the stock three weeks ago, a caller asked whether they should buy more now or wait. In response, Cramer said:
“Well, I like Broadcom very much. I usually don’t like to violate basis, you know, you’ve already got a good position, I’m sure. But we own this one for the Charitable Trust, and Jeff Marks and I go back and forth all the time about how great it is, and it’s certainly included in my book, How to Make Money in Any Market. I would tell you this: it wouldn’t hurt you to buy more. I think it’s that good a situation.”
Broadcom Inc. (NASDAQ:AVGO) develops and provides semiconductor and infrastructure software solutions for networking, telecommunications, and data centers. During the September 8 episode, Cramer highlighted that the company stock is the biggest position in the Charitable Trust, as he commented:
“Okay, let me tell you something, Broadcom is the biggest position for my Charitable Trust. Oh, we love it for the club. It’s a fantastic story of private-label chips.”
5. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders: 29
CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently offered insights on. Cramer highlighted the company’s major contracts as he remarked:
“Over the past few weeks, we’ve heard about a bunch of new AI infrastructure deals, and they take up practically every stock in the group, including CoreWeave, which builds data centers and then basically rents out their computing power. You know, we’ve liked this from the day they did their IPO. CoreWeave alone has scored a $6.5 billion expansion of its business with OpenAI, the second one in the past few months. Their total contract value with OpenAI now weighs in at $22.4 billion. And on top of that, they just announced more than $14 billion… contract with Meta Platforms. Clearly, Wall Street’s been underestimating demand for computing power and for the work of CoreWeave. Just today, CoreWeave announced some new tools to help programmers develop AI agents, and the stock jumped almost 9% in response. It’s now up over 65% from its lows last month, and it’s up 250% from where it came public in March.”
CoreWeave, Inc. (NASDAQ:CRWV) provides a cloud platform designed to scale and accelerate generative AI workloads for enterprises.
4. Sportradar Group AG (NASDAQ:SRAD)
Number of Hedge Fund Holders: 35
Sportradar Group AG (NASDAQ:SRAD) is one of the stocks Jim Cramer recently offered insights on. A caller asked if Cramer thinks that the rise in prediction markets is a threat to the fundamentals of the company or if it is a good thing. He replied:
“No, no, I don’t. I think that the fundamentals are good here. I do think that there’s a general belief that I get now when I go out talking about my book, that people feel that there’s too much gambling, and that does have me worried because that’s an existential threat. I don’t think they can do much to it, but I’m hearing that chatter way too often.”
Sportradar Group AG (NASDAQ:SRAD) provides sports data, technology, and content solutions for the betting and media industries. The company offers real-time data, odds services, streaming, integrity solutions, and performance analytics for sports organizations and broadcasters. Cramer mentioned the stock during the August 12 episode and said:
“I’ve been a big fan of the online sports betting platforms like DraftKings, Flutter, but lately the biggest winner in the space has been Sportradar, which is like an arms dealer to the sports book operators. Sportradar provides them with the data they need to make the odds. I recommended this one, you know, back in October, I said buy it at 12, and now it’s at 29. But when Sportradar reported last week, even though the quarter looked good, the stock shed 5.7% Since then, it’s recovered from its lows. So maybe the stock was simply due for a pullback after some huge gains.”
3. Joby Aviation, Inc. (NYSE:JOBY)
Number of Hedge Fund Holders: 31
Joby Aviation, Inc. (NYSE:JOBY) is one of the stocks Jim Cramer recently offered insights on. While discussing speculative stocks like Joby, Cramer said the cohort reminded him of the dot-com era. He said:
“It’s the speculative stocks that remind me of the dot-com era, a group of companies with no earnings to speak of that need to raise money to stay afloat. Now, we see these in nuclear power or crypto, or quantum computing stocks. These have all been bid up furiously by retail investors… I fear we’re at the cusp of some gigantic equity offerings for some kinds of these companies. We got one on Monday from an also-ran quantum company called Quantum Computing, and another one today from Joby Aviation, the flying car company. It offered 30.5 million shares of new stock at $16.85 per share. It closed up from the deal $17.37, but way down from the nearly $19 price of yesterday’s close. That’s brutal and very 2000-ish.”
Joby Aviation, Inc. (NYSE:JOBY) develops electric vertical takeoff and landing aircraft for air transportation services. The company is also planning to launch an aerial ridesharing network.
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently offered insights on. Cramer said that Jensen Huang “knows more than the bears.” He stated:
“I’ve been saying you either believe in the fourth industrial revolution as described by NVIDIA’s CEO, Jensen Huang, or you don’t. The bears don’t believe it. Could they be right? Of course. But I’ve been telling people to just buy NVIDIA since I named my dog after the company when the stock was just under $4, and now it’s at 189 bucks. So far, it’s paid much more to be a believer. That goes double on a day like today… As Jensen Huang, the CEO of NVIDIA, put it, ‘We’re a couple hundred billion dollars into a multi-trillion dollar infrastructure build-out.’ In other words, he thinks we’re not even 10% through this transformation. I think he knows more than the bears.”
NVIDIA Corporation (NASDAQ:NVDA) designs and provides computing hardware and software, including GPUs, AI platforms, data center solutions, and automotive technologies.
1. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 124
Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer recently offered insights on. Cramer noted that the company has a “tremendous track record,” as he commented:
“Oracle might be overspending on data centers, I would argue it definitely is, but worst case, they can sell some stock and offer a whole lot of corporate bonds. And remember, they have a tremendous track record… The hyperscalers, except for Oracle, have so much cash.”
Oracle Corporation (NYSE: ORCL) provides cloud software, database technologies, and hardware solutions for enterprises. The company offers various solutions, including Oracle Fusion and NetSuite applications, infrastructure services, and data management tools supporting AI, analytics, and automation across industries. Cramer talked about the company during the September 10 episode, as he said:
“Oracle, which shot up a stunning 36% today. That’s a monumental move. Now, I want you to think of it like this. Let’s say you like the stock of Oracle, okay? Do you know that if you had bought, say, let’s do this, 10 shares of Oracle at its lowest close in April, putting to work roughly $1,200, it would now be worth almost $3,300? Do you know that’s a 167% return in less than five months? An individual stock gave you that bang for your buck in less than half a year. Think about what a difference that could make in your life. Oh, and can you imagine if you had more money than that to put to work? It could change your life… And this is not some fly-by-night speculative operation you’ve been buying.
It is one of the largest software companies on earth. It’s almost a trillion dollars. I mentioned that remarkable Oracle move, largely based on a forecast about gigantic data center growth that the company gave you on last night’s astonishing earnings call, and…. I mean, I couldn’t believe it when I heard it. I thought they were making this stuff up. It was incredible…”
While we acknowledge the potential of Oracle Corporation (NYSE:ORCL) 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 ORCL and that has 100x upside potential, check out our report about this cheapest AI stock.
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