In this piece, we will look at the stocks Jim Cramer recently discussed.
In his recent appearance on CNBC’s Squawk on the Street, Jim Cramer commented on the supply chain disruption that firms were facing and planning for in the wake of President Trump’s tariffs. “I think that this was the week where people said I better have an alternative supply chain, I just have to. Wherever it is, which is going to hurt the gross margins,” Cramer said.
Cramer also linked the current supply chain disruptions to the one that businesses faced during the coronavirus pandemic. Cramer mentioned an unnamed CEO who had prepared for the current disruption by learning lessons from COVID. According to Cramer:
“I’m speaking to a major CEO, at a major tech company who said, do you think that we didn’t learn anything from COVID? COVID was a total shutdown [in] China and we learned to move away from China. And China misjudged what we learned during COVID.”
The conversation then shifted to President Trump’s negotiations with America’s trading partners. While most media attention has focused on China, he mentioned negotiations with Japan and South Korea. Starting with Japan, Cramer outlined:
“I was talking to someone who has been in on the Japanese negotiations. And I asked for color. And he said, they’re color-full. But that someone’s playing very hardball, in our country, and I presume, that someone is, obviously our President. And I said, does he know that you are our friends, and he just didn’t respond. I thought it was interesting.”
As for Korea, he believes that the country is the Trump administration’s favorite due to its already sizable manufacturing presence in the US. Cramer shared:
“My answer on Korea is, that. . . they are loved. . . Okay, so Korea builds plants here right, and they are not the plants like the Germans they are not assembly plants, they make everything here, so they are brought up, constantly as the paradigm, like why can’t you guys be like Korea? Where all the intellectual property is made here. And I think it’s rather amazing. . .I brought them up as being why are they getting a free ride to some people? And they said no, there’s no free ride, they actually listened to what we wanted.”
Of course, since China is the President’s first target when it comes to negotiations, it was unsurprising that the country came up. Cramer isn’t a fan of China. What amazed Cramer was Hayman Capital Management founder and CIO, Kyle Bass’s comments where he outlined “one country lies, one country doesn’t. . .China lies. Look I find these talks unfathomable. I don’t see any progress.”
As for who has the cards in the negotiations between the US and China, Cramer said: “Well, that’s the problem. We don’t know.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on April 25th.
For these stocks, we also mentioned the number of hedge fund investors. 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).
10. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders In Q4 2024: 79
The Procter & Gamble Company (NYSE:PG) is a consumer goods company whose shares have taken a beating from tariff announcements. After the Liberation Day announcements, the shares dipped by 8% over the course of the next couple of days. Since then, they have gained a modest 2%. In his previous remarks about the firm, Cramer commented that firms like The Procter & Gamble Company (NYSE:PG) benefit from tariff uncertainty as they have pricing power. Here are his latest thoughts:
“Proctor has way too much China.”
“Proctor finally bottoming.”
9. Comcast Corporation (NASDAQ:CMCSA)
Number of Hedge Fund Holders In Q4 2024: 80
Comcast Corporation (NASDAQ:CMCSA) is one of the biggest media and entertainment companies in America. Its scale and roots in legacy media haven’t been kind to the firm’s shares. Over the past year and year-to-date, Comcast Corporation (NASDAQ:CMCSA)’s shares have lost 13% and 9%, respectively. Cramer’s previous remarks for the firm that also owns his TV channel CNBC were in February. Back then, he lamented Comcast Corporation (NASDAQ:CMCSA)’s low P/E ratio which he said was the 9th lowest in the S&P 500. The low P/E continues to plague Cramer’s mind:
“Okay so, I’m just gonna go there. Comcast sells 7.8 time forward earnings. So you have to go very far to find companies with that low multiple. Their multiple is lower than Ford Motor, okay. Their multiple is, only GM, that I have found is a lower multiple. So what do you make of that?”
“. . .it’s 4% yield. Again, the top, the bottom ten percent. No, the bottom ten of the S&P [in terms of the multiple]. With a very good company.”
8. Intel Corp (NASDAQ:INTC)
Number of Hedge Fund Holders In Q4 2024: 83
Intel Corp (NASDAQ:INTC) is the largest integrated chip manufacturer in the world. It is also one of the most struggling firms in the technology industry after having lost data center market share to AMD and chip manufacturing led to Taiwan’s TSMC. Intel Corp (NASDAQ:INTC) is currently in the early stages of another turnaround effort, this time by the firm’s CEO Lip-Bu Tan. In his previous remarks, Cramer has praised the new CEO. He kept the tone again and shared what he thinks Tan might do:
“I know. And you could talk about Intel, when it comes to that, also OpEx. Intel being a great manufacturer that is in no mood to be able to expand. Wow.”
“I think people should read his [CEO’s] band of brothers speech about who is going to get there. It’s a very King Henry the Vth speech, Christmas Day. I thought it was very inspirational. But they still have layers upon layers. I mean they’re now saying 17 billion in 25 and 16 billion that’s . . their OpEx, and they’ve cut their OpEx. I think that they have, I cannot believe the bureaucracy, Carl that Intel had, it’s just, it’s sad. I can’t believe how much bureaucracy and how engineers lost their ability to run the best engineering company we had in this country.”
“Oh my, such a great speech and I was telling one of my contacts there I said listen I’m ready to go to war for Lip-Bu. You just say, he is gonna save this company.”
“[On whether it was too late to save INTC] No, and this man has so may friends. . .he’s been success with. . maybe the most successful individual investor in hardware in history. Hardware, not enterprise software. And he’s so inspirational, in his own quiet way, and he knows so many people, he’s gonna fix this company but he would tell you, don’t count on me yet.”
“I’m telling you, you want to win for this man. . . .He’s Andy Reed, quiet winner. I really like this guy.”
“Well, Gelsinger was messianic, without a cause. . . .See, Pat was about himself. And this man has no ego whatsoever. He is about the team. And I have to tell you that this man is going to save this company and what he’s going to do, is not talk about it. Other than negative until it’s ready.”
“He is fixing the balance sheet. He’s so smart. He says listen Jim we’re gonna fix the balance sheet. So don’t get ahead of me, they’re going to fix the balance sheet. . . Engineers were not even in the, do you know engineers weren’t even in the top? . . in the management committee, there were no engineers. Can you imagine that?”
7. Vertiv Holdings Co (NYSE:VRT)
Number of Hedge Fund Holders In Q4 2024: 92
Vertiv Holdings Co (NYSE:VRT) is a data center hardware firm whose shares have been hit hard in 2025. The stock is down by 27% year-to-date as the firm has struggled with cooling investor sentiment for AI and data centers. Cramer, however, is a believer. In his. previous remarks, he has defended Vertiv Holdings Co (NYSE:VRT) and maintained that the firm has a strong order book. Here are his latest thoughts:
“It is the most successful, and it was all downhill at the beginning. No I like DraftKings, but I’s saying Vertiv’s about to go, I think Vertiv’s about to explode here. I like CoreWeave and I like Vertiv. And I have Vertiv on this week and I can’t believe the amount of business they have have. They have huge acceleration from Q4 to Q1. Huge. And yet everyone wrote them off and the stock was cut in half. Vertiv is the play. And by the way, Dave Cote, still there working real hard. Former CEO of Honeywell. Wow, shake it David.”
“Well I’m just saying. I had em on . .the orders, they’re never filled. There’s just too much business. Too much business.”
6. Union Pacific Corporation (NYSE:UNP)
Number of Hedge Fund Holders In Q4 2024: 93
Union Pacific Corporation (NYSE:UNP) is one of the biggest railroad operators in America. Its shares dipped by 12.7% in the days following April’s Liberation Day tariffs. Since then, the stock has gained 2%. Cramer’s remarks about Union Pacific Corporation (NYSE:UNP), made before the tariffs, wondered whether the firm would benefit from President Trump’s focus on higher coal production. Here are his latest thoughts:
“Well you gotta remember, it takes three, two to three weeks, before you’ll start seeing it. So yeah, Liberation Day, right, which shocked people, then you have to take three weeks, and then after that, it’s like wow, I don’t know. I don’t know what I could do, people are talking about selling Union Pacific off of it.”
5. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders In Q4 2024: 98
Johnson & Johnson (NYSE:JNJ) is a well-known healthcare company. The tariff-induced selloff in growth stocks and in those that have exposure to China has translated into tailwinds for the firm. Johnson & Johnson (NYSE:JNJ)’s shares are up by 7.9% year-to-date as investors have flocked to firms with domestic US exposure. In his previous comments about the firm, Cramer said that the market is operating in a forgiving environment for Johnson & Johnson (NYSE:JNJ). Here are his latest thoughts:
“You said it yourself like JNJ, the thing that. . .didn’t save their quarter, but what made it so that you kind of liked it is the weak dollar. So remember most of these companies are like wow, bring it down . . . the companies themselves are very pro weak dollar. So when you speak to them offline, they love it.”
4. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q4 2024: 126
Tesla, Inc. (NASDAQ:TSLA) has been one of the most volatile stocks of 2025. The shares have lost 24% year-to-date but had lost 40% at one point in April. However, the stock reversed course after CEO Elon Musk outlined during the firm’s latest earnings call that he would take a step back from his government role and spend more time at Tesla, Inc. (NASDAQ:TSLA). Cramer had flatly stated that the shares would gain after such an announcement. Here are his latest comments:
“Well I’m still, I’m putting my chips on Musk. . . Yeah because I don’t think Waymo scales the way that people think.”
“Go and read what Musk said about what he’s gonna do. Everywhere. I mean these guys are just, [inaudible] in the wrong technology.”
“No it is. That’s different from the model. . .Well also remember that, Musk just says it’s too expensive, he doesn’t like the actual technology, and never go against Musk when it comes to the technology.”
3. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders In Q4 2024: 186
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer. The firm’s shares have lost 18% year-to-date due to investors’ struggling AI optimism. In his previous comments about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Cramer wondered whether the US would protect Taiwan in case of a Chinese invasion. His latest comments linked the geopolitical risks with the firm’s P/E ratio:
“Okay so I’m gonna give you, how to read that, you can dismiss it, but I’ll give it to you. Taiwan Semi, discount versus NVIDIA is how you look at it. The Taiwan Semi, the discount, it’s 17 versus 23 times earnings, that is simply the discount of, a, I don’t wanna say it, takeover, because that gets people scared. But an encroachment by the People’s Republic of China.”
“[On whether he thought there was a risk premium in chip stocks] Yes, because I was inquiring on why shouldn’t we be buying Taiwan Semi, and, the person said well yeah, why do you want that? You’re going to be watching every ship, every aircraft carrier, every drone and that’s why that’s 17 times earnings. It’s not just some aberration, it’s that there it is, that is the discount. And I think it’s a good way to look at it. I think that when you try to get certainty David, I like to find PE certainty. Because it’s like all we can count on. And there it is, like it’s bad.”
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q4 2024: 223
NVIDIA Corporation (NASDAQ:NVDA) is the world’s leading AI GPU designer. While it became the world’s most valuable company due to its exposure to AI spending and data centers, the fall has been equally remarkable. NVIDIA Corporation (NASDAQ:NVDA)’s shares have lost 21% year-to-date as the stock has struggled after the DeepSeek selloff. Cramer’s previous remarks about the company have stressed that it continues to enjoy exposure to data center demand. His recent thoughts built on the theme:
“Okay so I’m gonna give you, how to read that, you can dismiss it, but I’ll give it to you. Taiwan Semi, discount versus NVIDIA is how you look at it. The Taiwan Semi, the discount, it’s 17 versus 23 times earnings, that is simply the discount of, a, I don’t wanna say it, takeover, because that gets people scared. But an encroachment by the People’s Republic of China.”
“Morgan Stanley put out a piece, and it’s very confusing. Because they’re cutting the price target, I don’t know what that’s about. But, this is what you need to know. This is supply limit. They just don’t have enough. There’s a shortage of inference chips, the core demand for GPUs has shot higher. So in the last four weeks, business has accelerated. I want to, meld this with what was said on the call last night for Alphabet. Where they basically said, listen, listen who we are. We’re the ones who have the call on NVIDIA, we’re the ones who have Blackwell. . . That’s who we are. Now David, for a while, remember after the DeepSeek moment, that no one seemed to want to know about NVIDIA? Well, I’ll tell ya, NVIDIA’s back. Do I want to buy it here? I don’t know. Because remember what you said about China? We’re waiting for the diffusion rules from Trump, about whether the 18 countries, or whether they’re gonna expand it or contract it. But when it comes to demand, it’s insane.”
“I still had the huge position for the trust, but I just think that this is much more in the hands of the government. . .[The call was] to trim it, to trim it. It’d been my second largest position. . .I have to tell you that it’s up to the government.”
1. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q4 2024: 234
Alphabet Inc. (NASDAQ:GOOGL)’s stock appears to have experienced a turnaround in April. While the shares had struggled for most. of 2025, they are up by 8.8% since April’s third week. Part of the gains are due to Alphabet Inc. (NASDAQ:GOOGL)’s first quarter results which saw advertising revenue beat analyst estimates and paint a positive picture for its AI investments. In his comments after the earnings, Cramer regretted selling Alphabet Inc. (NASDAQ:GOOGL):
“[When co-host David Faber remarked that the current uncertainty reminded him of COVID despite Cramer asserting that businesses had learned supply chain lessons] Okay, so then go buy Alphabet. I mean they’re the world’s divide between companies that need or [inaudible] no connected to China. And companies that are.”
“Now I am going to write a piece this weekend for Club members, about a mea culpa. Because at the last minute, I did something that was about as stupid as you can ever do. I read the US government briefs against the monopolist that was Google. And I said. . .I actually feared, I feared the government and I should have been fearing Alphabet’s lawyers because they really just, real deals.”
“[When Faber pointed out that you shouldn’t dismiss the risk of litigation] No I did, because I’ve sold the stock, I should have totally dismissed it!”
“I think it’s amazing. Now are they paying to get that? Because the government will tell you that. . . .I cannot believe the lead generation really works, it’s the last, it’s the end. They used examples, okay what’s the best golf ball? Alright so you do that, I don’t know, I’m still using Slazenger from the days of James Bond and Goldfinger. But what’s incredible to me is that it says its still the number one way to get sales And that at the high end, that Gemini’s great. . .YouTube’s just it, I mean there’s like I wanna compare YouTube say to a, I don’t know, a computer to like a cable company. . .it’s not a powerhouse, it’s the powerhouse.”
“[On Moffett Nathanson saying YouTube could trade at a half a trillion if it was public] Conservatively. . .and at 16 times earnings.”
“Well I’m still, I’m putting my chips on Musk. . . Yeah because I don’t think Waymo scales the way that people think.”
“Go and read what Musk said about what he’s gonna do. Everywhere. I mean these guys are just, [inaudible] in the wrong technology.”
“No it is. That’s different from the model. . .Well also remember that, Musk just says it’s too expensive, he doesn’t like the actual technology, and never go against Musk when it comes to the technology.”
“This call was an amazing call okay. It was so painful for someone who had sold it because of the government because you they’ll say listen, we got all these relationships and the government wants to contend that the relationships are illegal. And it’s like, it’s the US government versus the US Google. So they’re like one country, it’s got a great balance sheet, it’s really powerful. It’s got a leader. It completely works. And then there’s another country that’s completely dysfunctional that has a Congress and I want to bet on the United States of Google.”
“I read that stupid brief about how, the one that they lost, where like, we’re a monopolist. I should have just bought on that. I should have said, wow, bet on the monopoly any day of the week. . . they’re not illegal, they’re in charge.”
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