In this article, we will look at Jim Cramer’s latest stock calls as he discussed the confusion surrounding the Trump-Iran conflict. The host of Mad Money said on Tuesday that the conflicting messages from President Donald Trump and Iran have made it extremely difficult to make any informed bet about how the war will play out.
We’ve got so many narratives going thanks to this war that I think trying to trade off it may be a waste of time and a waste of money. The two most salient oppositional themes were sending the 82nd Airborne to the Middle East to defend our allies and perhaps take over Iran’s oil fields. But as President Trump said later in the day, the U.S. has won the war, the negotiations are going well, and Iran will never build nuclear weapons. Reports of the victory may be premature, or are we sending troops to enforce the peace? That contradiction produced a wild day.
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Cramer said that it is incredibly hard to make sense of how such opposing forces can exist simultaneously, and said that at least one group of market participants has to be getting it wrong. At the same time, he added that it is just as difficult to reconcile the idea that the U.S. could be stuck in the uncertainty of war with no clear exit, while also being told that the conflict has effectively been won and that the “unknown Iranian leaders have given up what they wanted to be, which is a nuclear power.”
Bottom line: When you can’t figure out the difference, do you know what you do? You sit on your darn hands, you watch the carnage of the software stocks, and you hope that someone can explain the wealth that’s being created in AI and not just the wealth that’s being destroyed in enterprise software. Oh, and to bet on which side is wrong, fool’s errand. We need to think of buying stocks as investing in companies. When you do that, even if you’re short-term wrong, you can buy more, make yourself long-term right.
Our Methodology
For this article, we compiled a list of 9 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 24. We listed the stocks in the order that Cramer mentioned them.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Jim Cramer Said to Sit on Your Hands Amid Trump and Iran Confusion While Highlighting 9 Stocks
9. Palladyne AI Corp. (NASDAQ:PDYN)
Palladyne AI Corp. (NASDAQ:PDYN) is one of Jim Cramer’s stock calls while he discussed the confusion surrounding the Trump-Iran conflict. Inquiring about PDYN, a caller mentioned that they started a position in the stock when it was $9 a share. In response, Cramer said:
Well, people think it’s going to lose money next year. It is an okay company, but it’s artificial intelligence and machine learning, should work, but it is losing money. I’m not recommending stocks that are losing money. It’s been the right thing to do all 2026.
Palladyne AI Corp. (NASDAQ:PDYN) develops embodied artificial intelligence and collaborative autonomy software that allows robotic systems to observe, learn, and adapt to unstructured environments in real time. On March 23, the company, along with Draganfly Inc., completed a major integration milestone by testing the SwarmOS platform with Draganfly drone components.
A successful flight simulation validated the system, and the development aims to provide advanced autonomous swarm capabilities for U.S. defense applications. President and CEO of Palladyne AI, Ben Wolff, said:
SwarmOS isn’t about pre-programmed drones flying in formation, it’s about giving every drone in the swarm the intelligence to read its environment, collaborate with its teammates, and make the right decision in milliseconds. Paired with Draganfly’s proven hardware, we are building something operationally significant for the U.S. DoW.
8. SoFi Technologies, Inc. (NASDAQ:SOFI)
SoFi Technologies, Inc. (NASDAQ:SOFI) is one of Jim Cramer’s stock calls while he discussed the confusion surrounding the Trump-Iran conflict. A caller inquired about the stock, and here’s what Cramer had to say in response:
I gotta tell you, there’s a controversy about SoFi, but I’ve gone point by point about what they’re up to and what they’ve done. I find that the bulls are right. I find that Anthony Noto is right. I’ve known Anthony Noto since 1998. I never question his character, and I’m a believer in SoFi.
SoFi Technologies, Inc. (NASDAQ:SOFI) provides lending, banking, investment, and insurance services through digital platforms. The company offers personal, student, and home loans, cash management, investment tools, credit cards, and financial wellness products. Cramer discussed the stock in detail during the February 24 episode, as he stated:
These guys have a long history of practicing UPOD, which is under-promise and over-deliver. The company has beaten revenue and EBITDA expectations in each of the last 18 quarters it’s reported since coming public in 2021, and it’s beaten the earnings estimates for the last nine quarters in a row. That’s not shabby… There’s absolutely nothing hurting this business right now, which makes it kind of crazy that the stock pulled back from $32 to $18 in the past few months. Again, this is not some throwaway financial technology company that can easily be replaced by AI… So I’ve been recommending the stock all the way back since it was $5. And what caught my attention and why I like it so much, frankly, is its CEO. It’s Anthony Noto…
Let’s talk about why I think it’s safe to buy SoFi right here. Right now, after a severe pullback, the stock now represents good value down here at $18 and change. Management says they can earn 60 cents per share in 2026, meaning SoFi’s trading at around 31 times this year’s earnings forecast… That’s not cheap in absolute terms, I know, but you gotta remember that SoFi’s on track to grow earnings at 54% clip this year and to keep growing earnings around 40% through 2028… SoFi’s got a very reasonable PEG ratio… of just 0.6. The lower the better with the PEG ratio. Paying just over 30 times earnings for a company with a 50% plus growth rate is a legitimate steal.
Plus, the stock looks outright cheap based on some of the earnings projections for the out years. Looking at Wall Street’s earnings estimates, SoFi sells for around 23 times next year’s numbers and just under 19 times 2028 numbers. But don’t forget, those estimates again are probably too low. If you believe SoFi’s medium term guidance, and I do because I think CEO Anthony Noto does again have that habit of beating the expectations then it’s actually trading about 17 times its 2028 earnings forecast. That’s really good.
Bottom line: For months now, I’ve been telling you that SoFi stock needed to come in a bit. I was concerned it could drop a lot after its enormous gains of 2024 and 2025. Well, that’s what happened. It pulled back more than 40% from its mid-November highs, coming all the way down to $18 and change. And now I think it is too cheap to ignore. The business is strong, the forecast is beautiful. And when you look at what’s been dragging SoFi stock down, the AI displacement thesis, the stock feels like the proverbial baby that got thrown out with the bathwater. It’s a bank, guys. It has a federal charter. It’s not going to get replaced by Claude or OpenAI. Frankly, if I were one of those two and I wanted to destroy the banking sector, I’d just buy SoFi or at least send out a press release that you plan to buy SoFi. That’s all it takes these days.
7. Ferrari N.V. (NYSE:RACE)
Ferrari N.V. (NYSE:RACE) is one of Jim Cramer’s stock calls while he discussed the confusion surrounding the Trump-Iran conflict. A caller asked if now is a good time to buy the stock, and Cramer said:
This was a very hot stock, and somehow it lost its mojo. I don’t know how it’s going to get the mojo back, and right now it sells at too high a price-to-earnings multiple. I’m going to have to say I don’t like the stock.
Ferrari N.V. (NYSE:RACE) designs, engineers, and manufactures luxury high-performance sports cars, supercars, and high-performance engines. Loomis Sayles stated the following regarding Ferrari N.V. (NYSE:RACE) in its fourth quarter 2025 investor letter:
Ferrari N.V. (NYSE:RACE) Headquartered in Maranello, Italy, Ferrari designs and manufacturers iconic sports cars that are widely considered to represent the pinnacle of automotive performance given the brand’s historic dominance in Formula 1 (F1) racing. The company operates through three business segments: cars and spare parts; sponsorships, commercial and brand; and other, which primarily relates to financial services activities. We believe the company’s legendary brand, often ranked among the world’s strongest, coupled with an expanding global ultra-high net worth population, positions it for durable long-term growth in the supercar market.
6. Affirm Holdings, Inc. (NASDAQ:AFRM)
Affirm Holdings, Inc. (NASDAQ:AFRM) is one of Jim Cramer’s stock calls while he discussed the confusion surrounding the Trump-Iran conflict. A caller asked whether they should add to their position, hold, or sell to cut their losses. Cramer replied:
You know, don’t cut your losses. I mean, I just touched base with them on their delinquencies. They’re very low. I think this thing’s going to be a rocket ship. I think a lot of people are betting against it. It’s a mistake. Down 40%, doesn’t make sense to me. Max Levchin’s the real thing. It’s a good operator.
Affirm Holdings, Inc. (NASDAQ:AFRM) provides a digital payment platform that enables consumers to pay for purchases over time through its point-of-sale solutions and app. A caller asked about the stock during the March 4 episode, and Cramer responded:
Oh no, I like Affirm. I like Affirm. I like Max Levchin. I like Affirm. The stock is down way too much. I think it’s at a really attractive level. I couldn’t believe that… might be able to buy it under 50. I would say pull the trigger, Affirm.
We recently covered the company as part of our list of the best growth stocks to buy and hold for the long term. You can read about it here.
While we acknowledge the potential of AFRM to grow, our conviction lies in the belief that some 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 AFRM and that has 100x upside potential, check out our report about the cheapest AI stock.
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