On Friday’s episode of Mad Money, host Jim Cramer weighed in on the recent big tech earnings and advised investors to stay the course with major tech names. He described the session as “a strange one,” as he pointed out that “we had not one but two terrific upside surprises from last night, Apple and Amazon, but only one resonated.” He went to say:
“For now, you just need to know that even though I’m a big believer in AI as the fourth industrial revolution, Wall Street’s gotten skeptical of all of this capital spending.”
READ ALSO: Jim Cramer Had These 18 Stocks in This Week’s Game Plan and Jim Cramer Spoke About These 16 Stocks Recently.
Cramer explained that the current skepticism has not changed his stance on leading technology companies such as Meta and Alphabet, which he continues to consider worth owning. He explained that great companies can act as a shield in uncertain markets if investors hold them within a diversified portfolio. He added, “Like I say in How to Make Money in Any Market, you should own one or two of these and trust them.” Cramer urged against frequent trading, as he advised investors not to “go in and out, in and out,” and instead focus on maintaining positions for the long haul.
“It’s all your call, but we encourage long-term investing in Cramerica, and that’s how you make a real fortune in stocks.”
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 31. 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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Jim Cramer Shed Light on These 11 Stocks
11. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 260
Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer shed light on. Cramer had quite positive things to say about the company’s CEO, as he said:
“I don’t want to be presumptive, but let me fill you in on what I think Zuckerberg’s doing here and more important, why I think he is dead right, and the stock’s a buy now that it’s pulled back so hard from its highs. First, let me just say that in How to Make Money in Any Market, I wrote with great respect about Meta. We bought Facebook for the Charitable Trust way back after its busted IPO, and we haven’t wavered our support for Mark Zuckerberg since. He’s an uber-competitive genius with a stellar track record, so I would never bet against this man.
My belief is that Zuckerberg’s spending so aggressively because he wants to maintain, improve, and grow his social initiatives worldwide and doesn’t want to lose his dominance in that incredibly lucrative business. And Meta could easily lose its dominance if it doesn’t continue to innovate and astound, and yes, spend. Who could possibly challenge them? How about the private outfit known as OpenAI… The genius of Zuckerberg is that as long as he spends enough to fend off the competition, Meta can remain the ultimate social media platform for years to come. Call me a buyer.”
Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and products in virtual and augmented reality.
10. Rocket Lab Corporation (NASDAQ:RKLB)
Number of Hedge Fund Holders: 46
Rocket Lab Corporation (NASDAQ:RKLB) is one of the stocks Jim Cramer shed light on. Noting that it is the speculative stock in their portfolio, a caller asked about RKLB, and Cramer stated:
“Alright, I’m glad you said it’s a spec stock because otherwise I would not endorse it. I think it is a good spec, but it loses so much money. You gotta be aware that who knows where it can ultimately end up.”
Rocket Lab Corporation (NASDAQ:RKLB) provides launch and space systems solutions, including spacecraft design, manufacturing, and on-orbit management. During the October 7 episode, an investing club member inquired about the stock, and Cramer replied:
“Okay, so Rocket Lab’s very controversial, and I think it’s, this is what comes under that spec category. I don’t know whether, it’s not going to fizzle. I think they have a real business model, but I don’t think, it’s certainly not a blue chip. How about that?”
9. D-Wave Quantum Inc. (NYSE:QBTS)
Number of Hedge Fund Holders: 24
D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks Jim Cramer shed light on. Answering a caller’s query about the stock, Cramer said:
“Alright, I see QBTS. Now, they do report this week… I think that Dr. Baratz is very good. But this IBM is doing some amazing things in quantum, and I think the Trump people have been talking to them about the urgency of being ahead of the Chinese in quantum, and it’s going to be IBM that leads the way.”
D-Wave Quantum Inc. (NYSE:QBTS) develops quantum computing systems, software, and cloud services that combine quantum and classical computing for complex problem-solving. During the October 24 episode, while analyzing stock portfolios of callers, Cramer commented on the stock and said:
“… As I said, I don’t mind having a spec among my five. Let D-Wave do it. People want to go quantum. We’ve studied all these. That’s the best of the quantums. That doesn’t mean I think we should embrace quantum because the two real quantum kings are IBM and Google. But I think that Will has every right to put, to maybe get a little extra something that could change his life. That’s what we’re about here. Apple, you know, I think it’s going to be terrific. Palantir, is it the same? No, software, hardware.
Gallagher, I don’t mind the insurance business, but I’m a Chubb guy. I think Chubb’s going to $300. And Agnico Eagle, when they report next week, I think they’re going to be much, much better than Newmont. They have much lower finding costs. I got a gold company, I got a spec, I got a great tech. I’ve got software, cybersecurity. I have insurance. I think Will’s portfolio is excellent, and he doubts himself, but I don’t doubt him.”
8. AT&T Inc. (NYSE:T)
Number of Hedge Fund Holders: 83
AT&T Inc. (NYSE:T) is one of the stocks Jim Cramer shed light on. A caller asked what Cramer thinks of the stock these days, and he stated:
“I’ll tell you there’s a real scrum going on with AT&T and Verizon, and T-Mobile. I don’t want to get involved. It seems like there’s just too many crosscurrents. Let’s stay away from that.”
AT&T Inc. (NYSE:T) provides telecommunications and technology services, including wireless communications, broadband, and internet solutions. A caller asked for Cramer’s advice on whether they should hold on to the stock during the September 10 episode, and in response, he said:
“Yes, I want you to hold on to it. This fellow Stankey is doing a great job. He’s still got almost 4% yield. They are executing at an incredibly high level, and congratulations. Well done.”
In addition to that, a caller asked for the same advice during the July 8 episode, and Cramer responded:
“Now remember, I infamously didn’t like it at 22. So you could say, what are you doing liking it at 28? But I did change my mind at 24. Now, here’s what you need to know: I read a piece today, of research, that said that basically this is the best in the industry, and you know what? I like T-Mobile, but boy, this thing is a really good situation…”
7. Nextracker Inc. (NASDAQ:NXT)
Number of Hedge Fund Holders: 50
Nextracker Inc. (NASDAQ:NXT) is one of the stocks Jim Cramer shed light on. A caller asked for Cramer’s opinion on the stock, and he replied:
“Oh man, you know we made… money in Nextracker for the Charitable Trust, but then we didn’t think that Shug had it in him to have a double. This company is a tremendous company… Still only sells at 24 times earnings. Parabolic move. I’d like to have it cool off a little bit, but wow, congratulations to Dan Shugar, who really just did it.”
Nextracker Inc. (NASDAQ:NXT) designs and supplies solar tracking systems and software that optimize energy generation for large-scale solar projects. A caller asked about the stock during the April 29 episode, and Cramer responded:
“Okay, I do believe, look, it had a good quarter. I did think that the president did not really care for wind, but this kind, he doesn’t mind this. This is technology all made in America, so I think you’re okay. Not great, not bad.”
It is worth noting that since the above comment, Nextracker Inc.’s (NASDAQ:NXT) stock has gained over 135%.
6. SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 19
SoundHound AI, Inc. (NASDAQ:SOUN) is one of the stocks Jim Cramer shed light on. During the lightning round, a caller asked about the stock, and here’s what Mad Money’s host had to say:
“Alright, now, it’s a pure spec. I like the fact that it’s come back down from its high, but you need to know it does not make money. It’s gotta make money before I can get seriously behind it.”
SoundHound AI, Inc. (NASDAQ:SOUN) develops voice AI technologies that enable businesses to create conversational and intelligent voice experiences. Answering a caller’s query about the stock during the October 8 episode, Cramer remarked:
“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.”
5. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holders: 91
Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer shed light on. A caller asked if it is a good time to reduce their position, buy more, or hold, given that the stock reached an all-time high earlier this year and its recent decline under new leadership. In response, Cramer said:
“Okay, it’s funny, and people have to understand. I actually do not know the questions ahead of time, and I just literally talked to a caller, and I was saying that I think that Costco’s right. Now, when I say Costco’s right, it sells at 45 times earnings. It typically is not never cheap. I remember this from the old Berkshire days with the late Charlie Munger. Hey it, can you just start buying something? Because it seems that at 45 times earnings, I think you can start a position. We own a long-standing position for the Charitable Trust. I don’t like to violate my basis, but Costco is the best buy in the industry. I think it’s been hurt by a piece in a major magazine about how maybe the best times are over. I just don’t think that. So anyway, I agree, Costco’s good.”
Costco Wholesale Corporation (NASDAQ:COST) operates membership-based warehouses that provide food and non-food merchandise. Additionally, the company offers services such as fuel stations, pharmacies, optical centers, and e-commerce operations.
4. Target Corporation (NYSE:TGT)
Number of Hedge Fund Holders: 54
Target Corporation (NYSE:TGT) is one of the stocks Jim Cramer shed light on. When a caller inquired about the stock during the episode, Cramer commented:
“Well, it does have a new CEO, and we haven’t seen the imprint yet. I will say this: these stocks are so out of favor that even if you buy the best of them, they’re not working. A longer-term view would say that it’s time to buy Walmart or one that I talked about with Jeff Marks… for the Charitable Trust, which is that Costco has come down so much that I think Costco is the way to go. I don’t care so much about the yield. Target has a big one. I care about growth, and Costco’s got that. That’s the way to go.”
Target Corporation (NYSE:TGT) operates as a general merchandise retailer that provides apparel, beauty, food, electronics, home goods, and household essentials. A caller asked for Cramer’s thoughts on the company during the September 16 episode. He replied:
“Well, the stock’s down 33%. Now, I am in a wait-and-see mode on this. Why? Because I want to know this new CEO. I want to know what he’s cut out. I don’t know whether he is the right guy or not. I say we have to wait and see before I would possibly advise you to think that there’s more to buy.”
3. The Hershey Company (NYSE:HSY)
Number of Hedge Fund Holders: 40
The Hershey Company (NYSE:HSY) is one of the stocks Jim Cramer shed light on. Cramer discussed the company’s struggles over the last couple of years, as he remarked:
“Why has this iconic candy maker become such a heinous stock? The truth is, Hershey’s been struggling for the last two and a half years. Now, I think a lot of that’s largely because of the GLP-1 weight loss drugs that have hammered the entire packaged food industry… However, I gotta, tell you, I think the worst might be behind this one… I can’t say that that’s an unreasonable reaction to the quarter, even as the stock was already down hard going into the earnings, but, and there’s a big, pretty big, but you might want to take the other side of the trade here.
When you look at the quarter, those results were legitimately very good, much better than we’ve gotten used to from Hershey over the past few years. I actually appreciate management’s cautious tone here… They also think that while cocoa prices could remain inflationary, that could moderate as 2026 comes… fully into focus. I agree with that too. Honestly, if you don’t have any position in Hershey and you want to diversify away from the pure tech like so many others are trying to do, yeah, it’s tempting, tempting to put on a small position here with the stock down at the lowest level since early July.
Sure, Hershey still looks expensive, selling at 28 times this year’s earnings estimates, nearly 25 times next year’s. But if I’m right that management’s being deliberately cautious with its forecasting, then there’s a good chance next year’s numbers will come in higher than expected, making the stock a lot cheaper in retrospect after this big fall. So here’s the bottom line: Hershey’s been through a very difficult few weeks coming on the heels of a tough couple of years. Their results have been muddled, including the quarter that was reported yesterday, as the new management team has only just taken over. In fact, they have been very conservative when talking about the future. But I like that. Frankly, I think that, even if the stock hasn’t bottomed yet, it’s probably close to a bottom. Although this one only works if you believe in Kirk Tanner’s leadership. I’m a believer.”
The Hershey Company (NYSE:HSY) manufactures and sells confectionery, snacks, and pantry products under brands such as Hershey’s, Reese’s, Kit Kat, and SkinnyPop. The company’s products include chocolates, gums, mints, pretzels, and baking ingredients.
2. Restaurant Brands International Inc. (NYSE:QSR)
Number of Hedge Fund Holders: 29
Restaurant Brands International Inc. (NYSE:QSR) is one of the stocks Jim Cramer shed light on. Cramer highlighted the company’s solid quarter despite being in a struggling industry. He said:
“This is a tough story. We keep hearing about a slowdown in restaurant spending, but we got a very different story from Restaurant Brands. That’s the parent company of Burger King, Tim Horton’s, Popeyes, [and] Firehouse Subs. When it reported yesterday morning, I mean, these guys delivered a terrific number. Healthy top and bottom line beat, better than expected same store sales, up 4%. Their Tim Horton’s Canada business, it just keeps humming. It is doing so well. Its international division that houses almost all the overseas operations, excluding China, fabulous. In response, the stock rallied 1.5%, but it, that was just the breaking of a five-session losing streak. But today then it gave back the gains even though the quarter was good. The sellers just won’t quit.”
Restaurant Brands International Inc. (NYSE:QSR) owns and operates quick-service restaurant chains, including Tim Hortons, Burger King, Popeyes, and Firehouse Subs.
1. MNTN, Inc. (NYSE:MNTN)
Number of Hedge Fund Holders: 22
MNTN, Inc. (NYSE:MNTN) is one of the stocks Jim Cramer shed light on. When a caller expressed that they were unable to figure out what was going on and asked for Cramer’s advice, he replied:
“I can’t either. I think it’s a better company than it’s, than it’s trading. I know we spoke to them earlier today. I do believe that MNTN offers a great, great opportunity for advertisers… MNTN so far has not worked out. I was telling Ben Stoto earlier today. I am surprised myself that it’s not doing better. They’re not delivering, and that’s just unacceptable.”
MNTN, Inc. (NYSE:MNTN) provides a technology platform that simplifies performance marketing on Connected TV. The company’s tools enable brands to run TV ads efficiently and drive measurable conversions, revenue, and engagement. During the October 22 episode, a caller asked if they should buy more, sell, or hold the stock, and Cramer responded:
“You know, I looked at MNTN even for my wife’s mezcal… I think it’s such a good bargain. I don’t know. I like the stock at $20, so I can’t tell you at $15 that I don’t like it. I’ve been wrong on MNTN, but I think it’s a good company. I’m sticking by it.”
While we acknowledge the potential of MNTN, Inc. (NYSE:MNTN) 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 MNTN and that has 100x upside potential, check out our report about this cheapest AI stock.
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