In this piece, we will look at the stocks Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed a Wall Street Journal report mentioning white collar layoffs and how AI appeared to finally be hitting hard. He commented:
“Yes it is and I think that, look if the economy were stronger, maybe the layoffs wouldn’t be so big. But they’re coming and they’re going to be very big.”
With the Federal Reserve’s interest rate decision due later in the day, Cramer shared that he believes that mortgage rates have to drop for relief in the housing market:
“Well we’ve got to try to figure out how to make it so that these mortgage backed, that the rate goes lower. I mean we’re still not getting any relief in housing. We do have two economies, we have the data center economy and then we have the real economy. And I point out, what does the real economy mean.”
He also commented on how the economy appeared to be divided into two portions, which were data center and non-data center. Calling the latter the “real economy,” Cramer shared:
“Real economy. The real economy. And we sit here and we talk about, we listen to the morning show, about you know SNAP, what happens to food stamps. I mean I’m just telling you right now that the American people are trying to figure out how to get by and they’re not going to pay up for expensive biscuits. That’s not what they’re doing.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on October 29th.
For these stocks, we also mentioned the number of hedge fund investors. 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).
14. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
After NVIDIA Corporation (NASDAQ:NVDA)’s GTC Conference in Washington, Cramer had a lot to say about the firm. He discussed the firm’s earnings multiple, CEO Huang’s comments about a $500 billion revenue opportunity, and China approvals:
“[As shares rose after Huang’s GTC conference and approached $5 trillion and Carl commented on BofA’s report of consensus shifting from 80 cents when ChatGPT emerged to now being ten bucks] Yeah I mean that’s what happens when you have a stock that looks like a very high price to earnings multiple but isn’t. You do have to have a suspension of belief because this man has pulled off something rather [inaudible]. If you look at all the companies that were speaking at GTC, you’ll see that he’s integral to every single industry. I wanna be sure, the number that he actually gave, the 500 billion in orders, that actually may be a bit of a, a bit of an overstatement of what he might have meant to say. Because I think that you are looking for something that’s more, about a 100 billion dollars lower. It’s not hyperbole but I think that I just want to walk it back a little, David, because you know, if you look at Ben Reitzes’ piece from Mellius, you will see that piece right there. . .that’s a good piece in terms of what the real number is.
“Some people think that we are splitting hairs, but we are talking about a 100 billion dollars. It did add yesterday the equivalent of a Mastercard. . .and I just think it’s important to keep the perspective that this is just a juggernaut. I mean a lot of it is that they have a new chip, new platform, I don’t like to use the term chip, that the Rubin, that people like. Remember they are the way that Pentium used to be, they have the Richard Feynman all set. So one of the things that Jensen explained, Jensen Huang the CEO explained to me is, what you do is you want to think where you want to be and then you walk back. That’s how he does his iterations. You know I’m completely enamored of the product line of Lisa Su. But Jensen is ahead when it comes to load, with software. And David, inference, I guess it’s just not whatever compute you can use.
“The narrative shifted in the middle of the night from one saying, what a great day at GTC, to three points additional when the President said, Blackwells will be discussed. . .I’m wondering whether Jensen Huang, hasn’t at last, with David Sacks, convinced the President that it is better for the Chinese to write on our programs than on Huawei. That has been Sacks’ approach. Now obviously Navarro has felt that is a very globalist view. And globalists were out for a while. But if Jensen has convinced them, then David it is a 50 billion dollar market. Quickly he would always say look it’s not in our numbers. But what’s happened is that people are betting that it will be in the numbers. Be prepared for some disappointment.
“It’s tough to move the needle for a five trillion company [with 5 billion of additional of revenue expected]. . .I once doubted Jensen. He said it could be ten billion. . .he said it could be ten trillion. I said I’m trying to get my head around two trillion. He said what does it matter? What does it matter, the size of our company? What matters is what we’re accomplishing. . .you’re trying to contain it in the four walls of a spreadsheet or by our little lilliputian minds and we can’t. . .Jensen is trying to get it so that you have an inexpensive robot in your house doing all the things that you don’t want to do.”
13. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders In Q2 2025: 66
CrowdStrike Holdings, Inc. (NASDAQ:CRWD), along with Palo Alto Networks, is one of Cramer’s top plays in the cybersecurity space. The CNBC TV host has remained optimistic about the sector throughout 2025 as he believes that the growth in computer networking and data, courtesy of AI, will create more opportunities for the industry. In this appearance, he discussed CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price:
“Can I just say that NVIDIA was very interesting. I was going back forth with George Kurtz, one of my favorites along with Nikesh Arora. Boom, there wasn’t one note where Jensen said that he felt that nobody could protect agentics better than Crowdstrike. Crowdstrike stock went up ten dollars within one minute. And so there is a kind of a magic, as if by magic touch. I, you know I don’t think anyone’s been behind NVIDIA more than me. I just want people to realize that you don’t take a stock up ten dollars on the idea of everything, everybody knew this.”
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