Jim Cramer Talked About 16 Stocks Like Micron and Dell, Along With the AI Infrastructure Spending

In this article, we will look at the stocks Jim Cramer discussed during his recent rally discussion in several AI-related stocks. On Monday, the host of CNBC’s Mad Money discussed NVIDIA’s keynote presentation at the recently held COMPUTEX conference.

Look, I get it, the bull case in the data center has always seemed too good to be true. So many companies spending hundreds of billions of dollars sounds like something right out of the dot-com period. It’s very easy to assume that there’s no way these expenditures are going to make any sense, and the only real winner is going to be NVIDIA because they make the chips. Come on, that’s the wrap in a nutshell, you know that. And when Iran isn’t dominating the headlines, it’s what we tend to fall back on. Today was the day when the Iranians broke off talks, claiming the U.S. government is dragging its feet in the talks to end the war. Yet somehow, the averages still clawed their way back.

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Explaining why stocks were able to regain ground, Cramer said it was because of the positive comments by NVIDIA CEO Jensen Huang at the conference. He noted that the session highlighted the potential of data centers as a broad and credible investment theme rather than a narrow trade tied to a handful of companies. He said that the developments showcased during the day helped emphasize the idea that the so-called fourth industrial revolution may prove to be less susceptible to the boom-and-bust cycles many investors have feared. He also pointed out that Huang’s vision for the future of AI infrastructure seemed to connect with Wall Street, as several AI-related stocks moved higher following the presentation.

But the bottom line: This time, NVIDIA truly delivered just when you least expected. There’s a reason I told you to keep an eye on this COMPUTEX conference. NVIDIA’s going to break out now, I think, as its dominance reasserts itself and the investors realise that somehow, it’s now the least expensive stock in the entire group.

Our Methodology

For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on June 1. 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 Talked About 16 Stocks Like Micron and Dell, Along With the AI Infrastructure Spending

16. GE HealthCare Technologies Inc. (NASDAQ:GEHC)

GE HealthCare Technologies Inc. (NASDAQ:GEHC) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer highlighted the stock’s valuation during the episode, as he said:

GE HealthCare has 3 to 4% organic growth. Sells at 13 times earnings, maybe it’s too expensive. These once premium growth stocks are now selling at ever-growing discounts to the broader market.

GE HealthCare Technologies Inc. (NASDAQ:GEHC) sells medical equipment, including MRI machines, CT scanners, and ultrasound systems, to hospitals. During the January 16 episode, a caller asked whether they should sell their 83 shares of the stock. In response, Cramer commented:

Okay, I worked for GE, so I got, I’m not allowed to own stock. I want to make that point, but I got the same thing because I had worked for them before when they… paid me with stock. I took a hard look at GE Healthcare and decided that it didn’t have anywhere near the things that were going for GE Vernova and GE Aerospace. And I think you should sell the stock. I just don’t think it’s what you want to own. If you want to own a medical device, you want to own Medtronic, okay… or Abbott. But Abbott reports next week, so why don’t you wait and see how they go?

15. Danaher Corporation (NYSE:DHR)

Danaher Corporation (NYSE:DHR) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer compared the company’s valuation to its organic growth, as he remarked:

Danaher, once among the most revered companies in the entire market, still trades at 21 times earnings. But at these prices, it’s clearly overvalued because it’s only putting up 4 to 6% organic growth. Thermo Fisher’s trading at less than 20 times earnings, but it has a 1% organic growth rate. Management was guiding for 3 to 4% later.

Danaher Corporation (NYSE:DHR) provides instruments, consumables, software, and services used in bioprocessing, life sciences research, and clinical diagnostics. Cramer mentioned the company during the May 11 episode and said:

For instance, Danaher, another one-time excellent company, has seen the stock just get pulverized after not-so-great quarters, or I should say a savage string of not-so-great quarters. The stock of the medical and diagnostic company is down… 27% year to date, and just head shaking, this is Danaher. Those two, of course, aren’t alone. Boston Scientific, Intuitive Surgical, Medtronic, ResMed, Stryker, Zimmer Biomet, they all hit new lows. That’s a remarkable confluence of true ugliness from some pretty darn good companies.

14. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer mentioned the company during the episode and stated:

Now, let’s talk about some legendary growth companies and what’s happened to their stocks. Consider three really high-quality MedTech companies: Abbott Labs, Boston Scientific, and Medtronic. The price-to-earnings multiple compression of these stellar stocks is extraordinary. No one disputes the science and commercial smarts of Abbott, but it trades at just 16 times earnings now. The stock was at $133 this week last year; it’s now at $87 and change. Boston Scientific was long held as the premium heart device company. The stock’s been cut in half, in half, and now sells for 14 times earnings.

Medtronic reports this week. It’s down 23% for the year and yields almost 4%, trades at just 13 times earnings. And all these stocks, they just seem to fall in time. We’ve long bid up the prices of our best precision instrument companies…. These are companies that are loaded with technology and intellectual property, but their stocks are now disliked. And given their actual growth rates, perhaps they should be, because they just can’t compete with the data center plays.

Abbott Laboratories (NYSE:ABT) develops and sells healthcare products, including generic medicines, diagnostic systems, nutrition brands, cardiovascular and diabetes care devices, and neuromodulation technologies.

13. Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer highlighted the company’s growth in earnings, as he commented:

Micron seemed ridiculously expensive on trailing earnings when 2025 began. The company earned just over $1 per share in fiscal 2024, which ended in August, 2024, and the stock was trading in the mid-80s. This is a commodity chip maker, where it was like way too expensive. Now, though, it looks like Micron’s going to earn over $100 per share in fiscal 2027, which ends in August of next year.

How could it have only been trading $100 going into 2025? That’s crazy. It’s still only trading at about 10 times earnings even as the stock’s rallied tenfold and trades at $1,035. Perhaps instead of talking about a bubble in tech, we should be talking about how these stocks were way too cheap versus what they were really worth. None of the so-called smart money who was always so negative would ever do that; it’s too embarrassing for them.

Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions, including DRAM, NAND, and SSD products, under the Micron and Crucial brands.

12. Dell Technologies Inc. (NYSE:DELL)

Dell Technologies Inc. (NYSE:DELL) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer noted that “we should have been buying it” instead of being scared, as he remarked:

We spend a huge amount of time around here pondering the supposed overvaluation of tech. It’s right at the heart of what’s allegedly wrong with the stock market, right? But I challenge that on two different fronts. First, how expensive is tech really? Just consider Dell. Four months ago, Dell was at $114, and there were plenty of firms thinking it was way too expensive because it was going to have a huge problem on its hands, thanks to rising memory prices and a pesky Super Micro, a difficult, well-connected competitor.

Any generalist who was looking at the company certainly wasn’t all that attracted to it. Dell was buying back a lot of stock. It seemed like a decent situation except the intelligentsia kept coming on air and was busy telling everyone it was a gigantic bubble. Turns out this stock was selling for only 8 times forward earnings, perhaps one of the cheapest 10 to 15% of stocks in the entire S&P 500. We just didn’t know it yet because the company hadn’t reported it yet. We shouldn’t have been scared of Dell. We should have been buying it. That $114 stock now trades at $465.

Dell Technologies Inc. (NYSE:DELL) provides storage systems, servers, networking gear, and consulting services, as well as laptops, desktops, workstations, and accessories.

11. D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum Inc. (NYSE:QBTS) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. During the lightning round, a caller asked where Cramer sees the company going. In response, he said:

You know, this week we’re going to see Quantinuum come public. That’s a Honeywell spinoff, and I think that because that one’s going to be red hot, your stock will go up a couple of bucks. It might be worth owning.

D-Wave Quantum Inc. (NYSE:QBTS) develops quantum computing systems, software, and services, including Advantage quantum computers, Ocean developer tools, and Leap cloud and hybrid solver services. During the lightning round of the May 6 episode, a caller inquired about the stock, and Cramer replied:

Well, that’s Dr. Baratz, and I’ve gotta tell you, if you want to do quantum, D-Wave is the one that I identified as being the best. I also like IBM for quantum. And don’t forget, Honeywell’s spinoff on quantum’s coming.

10. Power Solutions International, Inc. (NASDAQ:PSIX)

Power Solutions International, Inc. (NASDAQ:PSIX) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Noting that the last reported quarter was “terrible” and that the company lowered guidance, a caller asked whether they should hold, buy more, or sell their position in the stock. Cramer commented:

Yeah, I’ll tell you, when you miss a quarter as badly as they did, I gotta tell you, I would cut my losses. I’m not kidding you. It’s going to have to wait a full quarter before you ever want to buy that one again.

Power Solutions International, Inc. (NASDAQ:PSIX) develops and sells engines and power systems along with custom electrical generation units. Cramer discussed the stock in light of the data center build-out during the March 11 episode, as he stated:

This is precisely the kind of stock I tell you to look for in How to Make Money in Any Market… After the pullback late last year, the stock made another run starting in 2026 briefly, trading into the triple digits again in mid-February. But since then, the stock had a breakdown encore, taking it down to the point where it’s now trading in the mid-50s. So what the heck on earth happened here?… Well, the biggest chunk of the decline came last Tuesday when Power Solutions International reported, and the stock plunged nearly 29% single session next day, awful. While the quarter represented top and bottom line beat, when you drill down, other major line items like gross profit and EBITDA had year-over-year declines. Now, that was a major departure from last year. I think this is a significant step down, and it is significant in margins in the fourth quarter was the main reason for such a harsh sell-off. But I also think that this dislocation might represent a good opportunity to get into the stock. Yes, into it.

Power Solutions International has been nearly cut in half in less than a month and to me, this looks like a terrific entry point because there’s nothing wrong with the data center thesis… Part of the issue here has to do with some of the quirks of the Power Solutions story. For example, and this bothers people, the company doesn’t hold a regular conference call; they just put out a press release. So while the margin pressure might have been something that they could have explained by management on a conference call, there was no call, and we just had a quote from the CEO on the press release. It was kind of stunning. At the same time, it didn’t help that management declined to issue any formal guidance this year, a big change versus previous quarters. They did offer some commentary on the outlook for 2026, which I thought was broadly positive…

Are we positive on PSIX? Come on, I have to try this. After taking a closer look at Power Solutions and what’s caused this recent pullback, you know what, I actually still think this stock looks real good. Stock’s been overly punished when it was sold off last week, and I’m betting many of the worries here will turn out to be overblown. Plus, with the company expected to earn $5.61 per share this year, Power Solutions International is now selling for right around 10 times this year’s earnings estimate. When you compare that to something like Caterpillar at 31 times, Cummins at 21 times, this looks like a steal. Of course, there’s a reason why PSIX sells for such a discount. They’re a lot less transparent than your typical publicly traded company, and it’s a small-cap operator with major ties to China. But none of these, for me at least, are deal breakers, which is why I’d be a buyer down here. I think data center buildout is here to stay, and there’s growth enough for everyone, including PSIX.

9. BlackBerry Limited (NYSE:BB)

BlackBerry Limited (NYSE:BB) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Noting that the stock has had a few rough years, a caller mentioned that it has been “hot” lately and asked if Cramer thinks it will keep running. He replied:

It’s got some really interesting technology in the auto world, and I’ve gotta tell you, I’ve been looking at it, was going to do a piece on, it kind of got away from me. I think it goes higher.

BlackBerry Limited (NYSE:BB) provides secure intelligent software, mobile application platforms, data protection, and critical event management systems, along with asset monitoring and cryptography solutions. Cramer called it a spec when a caller inquired about it during the March 4, 2025, episode. The Mad Money host said:

Blackberry’s a dice roll. I mean like, you know, it’s like 4, 3, 2, 1. I don’t know what it’s gonna do. This one is just a total spec. Nothing more than that.

It is worth noting that since the above comment was aired, BlackBerry Limited’s (NYSE:BB) stock is up by around 120%.

8. Eagle Nuclear Energy Corp. (NASDAQ:NUCL)

Eagle Nuclear Energy Corp. (NASDAQ:NUCL) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. When a caller asked about the stock, Cramer was quick to say:

This is 100% spec. No, it’s a 100% spec. I don’t know if it’s really true or not. I would not necessarily bet my farm on that one. It’s a spec.

Eagle Nuclear Energy Corp. (NASDAQ:NUCL) is a mining and nuclear energy company that focuses on domestic uranium exploration and developing proprietary small modular reactor technology.

7. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Starting the lightning round, a caller inquired about the stock, and Cramer said:

Yeah, I hadn’t liked the shipping stocks, but then all the stuff that’s come up with the war, we recognize a little more valuable than I thought. 14% yield, I would buy some.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) provides door-to-door and port-to-port container transportation services for end-users, consolidators, and freight forwarders. A caller asked about the stock during the episode aired on May 20, 2025, and Cramer responded, “ZIM Integrated, no, I don’t like that, and that dividend is a sucker’s play. I don’t want you in that stock.”

It is important to note that since the above comment was aired, the company’s stock is up by over 44%.

6. Nokia Oyj (NYSE:NOK)

Nokia Oyj (NYSE:NOK) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer highlighted the company’s position in AI development, as he said:

Nokia is now a player in the fourth industrial revolution. The first phase is about building giant AI factories. The second phase is about connecting them. Third phase is about pushing intelligence out into the real-world use cases. Eventually, the AI build-out starts to look less like a cloud story and more like a full infrastructure story. That’s why Nokia is back in the conversation because the world moved toward the exact kind of infrastructure that Nokia still understands.

The same DNA that once helped carry phone calls and mobile data can now help carry AI traffic, edge inference, and next-generation telecom workloads. The boring stuff’s become valuable again, the network, the edge, the plumbing. And Nokia has NVIDIA at the table… With solid earnings growth projected, it’s not crazy to think the stock deserves the higher multiple it seems to be getting.

Here’s the bottom line: If you’re willing to do the homework and stay on top of this one, you got my blessing to put in a small position in Nokia, although you might want to wait for a pullback before you pull the trigger on anything more than just a little bit, because we’re beginning to get overbought. In the end, I never want to bet against Jensen Huang, but he did buy Nokia at six bucks, and now it’s at $16, so you can afford to be patient here. You might get a better lower, chance.

Nokia Oyj (NYSE:NOK) develops mobile, fixed, and cloud network solutions, including 5G, optical, and IP network technologies.

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