On Thursday, Mad Money host Jim Cramer pushed back against growing skepticism around Big Tech’s aggressive investment in artificial intelligence, especially by major cloud players often referred to as hyperscalers.
“We keep hearing that all the AI spending by the hyperscalers, the nation-state companies… has to stop eventually. It’s not worth the price. They’ll regret it. They aren’t getting a lot out of it.”
READ ALSO: 13 Stocks Jim Cramer Looked At and Jim Cramer Recently Commented on These 6 Stocks.
But Cramer pointed to Alphabet’s most recent quarterly update as a strong rebuttal to that line of thinking. The company not only continued its heavy investment in AI but expanded it, boosting its capital expenditures by $10 billion on top of an already staggering $75 billion. As per Cramer, it was a clear sign that those dismissing the value of AI spending might be missing the bigger picture.
Cramer stressed, “As long as the spending continues to make sense… it seems like these investments are both urgent and needed.” He went on to say that this kind of capital deployment is part of what is allowing the broader market to maintain its current strength, even in the face of uncertainty.
“My conclusion: these companies aren’t overspending on AI, they’re actually underspending on AI, underspending. See, this is a winner-take-all, loser-take-none situation. The only reason to spend less is if you don’t believe you can win. Bottom line: That’s the reason why NVIDIA’s the largest company in the universe… and it’s why Google is still in the conversation and might even end up winning the battle for AI just like it won the battle for search.”
Our Methodology
For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on July 24. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the first quarter of 2025, which was taken from Insider Monkey’s database of 1,000 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 Shed Light on These 15 Stocks
15. Bank of America Corporation (NYSE:BAC)
Number of Hedge Fund Holders: 117
Bank of America Corporation (NYSE:BAC) is one of the stocks Jim Cramer shed light on. Cramer recommended buying the stock, as he remarked:
“Now these aren’t flash. When Bank of America announced a $40 billion buyback the other day and nobody even notices, I regard that as a terrific sign. We want boring, we want no flash, we want gray flannel suits, and that’s just what we’re getting to fuel this rally. So yawn away, but be sure to do some buying.”
Bank of America (NYSE:BAC) provides financial services, including personal banking, loans, credit cards, wealth management, and investment solutions. The company also offers corporate lending, treasury services, capital markets expertise, and global trading and risk management products. During the July 11 episode, Cramer discussed the company’s low valuation, as he said:
“Let me ask you something. Why is Bank of America stock still just selling at 13 times earnings? The franchise has been putting up consistently terrific earnings. Brian Moynihan’s doing a great job. I think the stock’s cheap because of the relentless selling from Berkshire Hathaway. One day, Berkshire will finish selling, and when that happens, you’ll be paying a much higher price-to-earnings multiple for this fine bag. My advice: Don’t wait for them to finish. There’ll be a good quarter.”
14. Huntington Bancshares Incorporated (NASDAQ:HBAN)
Number of Hedge Fund Holders: 47
Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the stocks Jim Cramer shed light on. During the episode, Cramer made positive comments, as he said:
“I like the action in Huntington Bancshares. It feels like a return to the old days when this was a market leader every time the spotlight turned to the regionals.”
Huntington Bancshares (NASDAQ:HBAN) provides banking and financial services, including consumer and business lending, deposits, payments, and wealth management. Additionally, the firm offers digital tools, investment services, equipment financing, and capital markets solutions. On July 14, Cramer discussed the company’s recent acquisition. He commented:
“This morning, we had a real bank merger, one of my favorites, Huntington Bancshares, the Ohio-based regional bank, announced that it’s buying the Texas-based regional bank Veritex in an all-stock deal that values the target just under $2 billion. Now, in the grand scheme of things, and this is a small transaction, I didn’t even know Veritex, but it helps Huntington grow in Texas, a market where it was already expanding aggressively.
Plus, the company also pre-announced most of the key lines of its second quarter earnings report… Look, numbers look pretty darn good. When you back out some one-time items, Huntington posted solid earnings with better-than-expected net interest income and fine-looking credit quality metrics.”
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