Jim Cramer, the host of Mad Money, on Wednesday stressed that investors need to recognize when it is time to take profits in certain corners of the market.

“I’ve said it before, I’m going to say it again: the year of magical investing, it’s over. It ended in November. Whether we’re talking zero days to expiration options or double leveraged ETFs, or the high-risk speculative stocks, uranium, quantum, flying cars, crypto miners turned AI data centers, these things will not regain their ill-fated heights even if we have a monster rally like I predicted at the top of the show. I don’t think people recognize just how treacherous this market can be. I always try to look at stocks from several different angles… For example, I like to look for areas where there’s too much enthusiasm or which stocks are interrelated, not because they’re in the same business, but because they have the same shareholder base.”

READ ALSO: Jim Cramer Recently Looked At These 7 Stocks and 7 Stocks on Jim Cramer’s Radar.

Cramer explained that during the recent downturn, it became clear that a large number of people who owned the speculative stocks also held Bitcoin, often using margin. When Bitcoin slid into the low $80,000s, it dragged a long list of weaker stocks down with it. He pointed out that Bitcoin bounced sharply yesterday, and now buyers are rushing back into the very names that defined what he called the year of magical investing. Cramer said he thinks that reaction is misguided. He clarified that he expects a rally, but one led by companies that put up strong earnings and still trade at reasonable prices.

“I say you should get out ahead in the nuclear stocks. Get out ahead in the alternative energy plays and the quantum computing numbers. They have no earnings and little in the way of revenue. Believe me, if you’re an executive at one of these companies and you saw how fast your stock can fall if Bitcoin gets hit, sure shooting, you’re going to bail as the stock recovers because… human nature, people. Now, if you happen to own those stocks too, you need to beat the sellers to the punch. If it’s anything like the year 2000, you need to skedaddle before the skedaddling gets too late to sell.”

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 December 3. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the third quarter of 2025, which was taken from Insider Monkey’s database of 978 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 9 Stocks

9. IREN Limited (NASDAQ:IREN)

Number of Hedge Fund Holders: 52

IREN Limited (NASDAQ:IREN) is one of the stocks Jim Cramer shed light on. Discussing the company’s deal with Microsoft, Cramer stated:

“The super speculative stocks, these remind me of the internet stocks that didn’t make it out of the dot-com era when it came to an ignominious end… I don’t want to repeat that experience. Unfortunately, I seem to be fighting a losing battle. Now, this is a very good company, it’s not fly by night, but it’s called… IREN. It’s formerly known as Iris Energy. It’s a company building data centers for bitcoin mining, AI startups, and, most recently, it got a contract from Microsoft. That’s terrific. But this morning, in order to pay for… data center work that it has to do, it had to issue nearly 40 million shares of $41.12 per share, along with a gigantic $1 billion convertible bond.

Now, IREN’s retiring some previous debt, that’s responsible, but this deal reminds me of exactly what I saw back in 2000 when things were just beginning to unravel… They need to keep raising money if they want to keep building, even if they got an almost $2 billion prepayment from Microsoft at the time the deal was announced. That’s a lot to IREN or any company, for that matter. But if Microsoft decides it’s been overbuilding down the road, it could be one and done. And these data centers are real hard to build…

All I really care about, though, is you and that stock issuance. This time, the deal worked. Terrific. IREN got the money it needed, but does that mean you should hold on to the stock to drop a couple of bucks on it if you bought in on the secondary? Listen, the hyperscalers with deep pockets are now under tremendous pressure for their spending plans. So do you really want to be left holding the IREN bag or any other bags…? Take the gain.”

IREN Limited (NASDAQ:IREN) operates a vertically integrated data center business. The company manages computing hardware and infrastructure while also engaging in Bitcoin mining.

8. DigitalBridge Group, Inc. (NYSE:DBRG)

Number of Hedge Fund Holders: 38

DigitalBridge Group, Inc. (NYSE:DBRG) is one of the stocks Jim Cramer shed light on. During the lightning round, a caller asked if the stock is a buy, sell, or hold. In response, Cramer said:

“Alright, that’s data centers, and it’s cell towers. It’s all the stuff that I’m saying right now, I’m going to say… I’m going to say pass. Let’s just take a pass right now. It’s not the right stock for this moment.”

DigitalBridge Group, Inc. (NYSE:DBRG) is an alternative asset manager that invests in digital infrastructure, including data centers, cell towers, fiber networks, small cells, and edge technologies. A caller inquired about the stock during the July 8 episode, and Cramer responded:

“I’ve studied this company for a very long time, and I have to conclude that it’s just expensive, okay, and I don’t want you in it… I love that you’ve been watching for that long, but I cannot recommend DigitalBridge. I am sorry.”