Jim Cramer Says AI Is Back & Discusses These 10 Stocks

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q4 2024: 166

Apple Inc. (NASDAQ:AAPL) is the world’s largest consumer electronics firm which has been caught dead center in the trade tensions between the US and China. The firm manufactures most of its most valuable product, the iPhone, in China. With President Trump levying high tariffs on imports from the Asian country, Apple Inc. (NASDAQ:AAPL) has been forced to diversify its supply chain. Cramer’s remarks revolved around the firm’s recent legal troubles:

“I was just, when you read that I immediately went to Apple to get comment they were I think a little blindsided there. I thought that was one of the most aggressive things I’ve ever heard a judge do. I don’t know, that was, David, that was basically saying listen, we’re referring this to criminal. We’re referring you to Justice. It’s criminal, it’s not civil. It’s more jail than fine when it’s criminal. Criminal is bad. And you’ve often told me that jail bad, versus non jail.”

“What you wanna hear from them, is that they’ve shifted enough iPhone business to India that they can make em in India and send em to America and then no one cares about if they come from China.”

“I bet you they accelerate how fast they can do it.”

“I think that we’re going to be surprised, how about that, about how quickly they can, it’s vital.”