In this piece, we will look at the stocks Jim Cramer discussed.
In his appearance on CNBC’s Squawk on the Street yesterday, Jim Cramer discussed the recent selloff in quantum computing, crypto, and other stocks. His remarks built on earlier opinions about market froth and the dotcom bubble. The selloff saw some firms close the day as much as 5% lower:
“I wanna start speculation, if only just because speculation seems to be driving what happened even early in the morning when you wake up and you see crypto down and you see the quantum stocks down and you see the stocks that are related to flying cars that David and I always like make fun of those. Or nuclear. What happens is you just say, wow, did something just go wrong last night and you start working backward to what Bessent, Treasury Secretary Bessent said, or you work backwards to something in the Middle East. Frankly, I’m not working backward. I just think right now, that what matters, and it’s just the craziest thing David, is this that the speculation bubble was, and it was a bubble yesterday, somehow burst. We don’t know yet why, it has nothing to do with treasuries. David it’s just gotten to the point it’s nauseating, and I think that even Jamie Dimon would tell you, it’s just too excessive at this point.”
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 14th.
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).
8. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders In Q2 2025: 156
Broadcom Inc. (NASDAQ:AVGO) is one of the key players in the semiconductor industry as it designs and sells a variety of chips. These days, it is in the news due to its ability to design and develop custom AI chips, also called ASICs. In his previous comments about Broadcom Inc. (NASDAQ:AVGO), Cramer has pointed out that there is plenty of AI market share for the firm to capture even if rivals such as Cisco launch their AI chips. In this episode, he mentioned CEO Hock Tan’s response to a question related to AI demand:
“You know David, look I, Hock Tan said the same thing to me last night. Now you know Hock, you know that the CEO of Broadcom is one of the toughest business people in the world. When I asked him about, should we be worried about, well basically about being paid, he said he’s kind of like, he looked at me like, Jim don’t you understand? This is, it’s happening, get on board, it’s happening.”
7. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
Rarely a day goes by without Cramer discussing the world’s most valuable company, NVIDIA Corporation (NASDAQ:NVDA). He is one of the firm’s biggest fans and interviewed CEO Jensen Huang recently. Following the interview, Cramer countered perceptions of NVIDIA Corporation (NASDAQ:NVDA) being involved in circular deals. This time, he commented on the firm after co-host Carl Quintanilla mentioned that it appeared to be on the defensive following AMD’s deal with OpenAI:
“When we spoke with Jensen Huang last week, by the way. . I wanted to talk about NVIDIA because the earnings power is much greater than Jared Bernstein thinks. I do think that NVIDIA has more business than it can handle. It offers a full stack that includes a lot of software. I think AMD’s, their next model that comes out in the middle of next year, has got the same capabilities of the hardware side. But NVIDIA offers a lot more than just the hardware side. And by next year this time NVIDIA’s going to have a new chip that’s going to be much faster. Look, everybody needs every single chip because this is one of those situations where you can’t afford to not have chips”
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders In Q2 2025: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares have been the talk of the town recently following its chip deal with OpenAI through which it expects to earn more than $100 billion in revenue over four years. Cramer has been full of praise for Advanced Micro Devices, Inc. (NASDAQ:AMD)’s CEO, Dr. Lisa Su, after the deal’s announcement. He believes that the partnership with OpenAI vindicates Su’s longstanding assertion of being able to compete with NVIDIA. In this episode, he discussed the OpenAI deal again and mentioned the supply constraints that NVIDIA’s GPUs are struggling with:
“[On deal with OpenAI]”I think AMD’s, their next model that comes out in the middle of next year, has got the same capabilities on the hardware side
“And right now it’s too hard to get NVIDIA chips. You can’t get them all. But Lisa Su, congratulations, David, an unbelievable coup. She did say that this could happen but no one thought it could happen within the next year!”
5. Wells Fargo & Company (NYSE:WFC)
Number of Hedge Fund Holders In Q2 2025: 75
After the Federal Reserve lifted its asset cap restrictions on Wells Fargo & Company (NYSE:WFC) in June, the stock has shaped up to become one of Cramer’s favorites in the sector. He explained why he’s optimistic about the company in detail:
“The bank that is producing the best earnings this morning is Wells Fargo. And the reason why that is because Charlie Scharf laid out a vision which just says, our stock is cheaper than we thought. He actually bumped his, what I thought he was going to buy back aggressively. He talked about having 30 billion more cash than he needs now that the cap is gone, and then reinventing the bank. No longer just doing nothing but mortgages but now doing a lot of exciting things, including M&A, a lot of corporate stuff that they weren’t doing before because they weren’t run by Charlie Scharf.
“So David, contrast here. Charlie had all that capital locked up because of the cap put on by the government. Now that’s freed.
“Here’s the deal. Charlie was constrained, the bank was constrained because there was a cap that was put on by the Federal Reserve right before Janet Yellen left. And it really kept it so they had more and more capital building. They weren’t able to distribute like how they would like to. That cap’s now gone. And what Charlie has done is create a much greater, earnings regime. But more importantly, from the point of view of the stock, Charlie had been somehow more lukewarm about the idea of buying a lot of stock here. He accelerated the buyback because he realized he had 30 billion dollars in excess capital, David. This is such a different Wells from the John Stumpf days, 30 billion dollars in excess capital, it can be deployed anywhere he wants it. So Charlie’s got great flexibility. The new model’s good. A lot of investment banking, a lot of credit cards, to Charlie’s credit, he’s made this, it turned out to be a sleeping mortgage bank into something we’re going to start thinking of as one of the majors in terms of, when it comes to corporate finance. You know David they were never a corporate finance power. Some of that is the people you know he brought over. Because they didn’t get, you know Jamie didn’t retire, there’s a lot of people who thought they might get that job.”
4. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holders In Q2 2025: 73
Cramer discussed The Goldman Sachs Group, Inc. (NYSE:GS) after the bank reported its fiscal third-quarter earnings. The results saw it post $12.25 in earnings per share and $15.18 billion in revenue. These beat analyst estimates of $11 and $14.1 billion. Ahead of the earnings, Cramer had remarked that he expected The Goldman Sachs Group, Inc. (NYSE:GS) to post the biggest earnings upside. Following the report, he discussed the bank’s insight into the mergers and acquisitions market:
“The Goldman quarter was good. Everybody knows it was good, except for, trading. Big deal. That fluctuates. But Goldman’s making a point that M&A is just going to be incredible for the rest of the year. And David, I think it’s important, that they usually have a pretty good vision. you can tell me, what vision do they have into that? What’s the visibility that David Solomon could say that listen, M&A’s going to be spectacular between here and year-end.”
3. Domino’s Pizza, Inc. (NASDAQ:DPZ)
Number of Hedge Fund Holders In Q2 2025: 42
When commenting on Domino’s Pizza, Inc. (NASDAQ:DPZ), Cramer mentioned a key metric that he’s been using to evaluate US restaurants. Over several appearances, he has pointed out that consumers have been unwilling to pay more than $10 for a meal. In this episode, he commented on how Domino’s Pizza, Inc. (NASDAQ:DPZ) is doing well on this front:
“Look I think that Russell Weiner’s doing a fantastic job, the CEO. Doesn’t get a lot of credit for what he’s doing. Maybe that can change with a much better than expected quarter. Four dollars and eight cents versus 3.95. What I really like about this David is that Russell’s figured out. . .that you need to have. . an offering that’s got to be less than ten bucks in this country if you’re going to be able to do well for dinner. And he’s got this best ever deal at ten bucks, I’ve had it and it’s really fantastic. I mean Domino’s to me is amazing because I’ve got one near me so it comes in about thirty seconds.
“But the idea that America can’t afford more than ten dollar a pizza is what is really in sync with what I’m hearing about you can’t afford more than a ten dollar hamburger. Not more than a ten dollar dinner like they do at Brinker. So David, this is the have, have not thing. And you and I both know it’s true. There’s a part of the country that cannot afford a 12 dollar pizza. And it cannot afford a 12 dollar steak. And we tend to forget that. When we’re doing all this stuff about what’s going on with crypto or OpenAI, we forget that there’s another whole part of the country where the inequalities are just not going away.”
2. Walmart Inc (NYSE:WMT)
Number of Hedge Fund Holders In Q2 2025: 105
Walmart Inc (NYSE:WMT) is one of Cramer’s top stocks in the space. He has repeatedly praised the firm for keeping prices low throughout this year and remarked that it could be among the handful of retailers that can dominate the market. Walmart Inc (NYSE:WMT) announced yesterday that it would allow users to use ChatGPT to make purchases. Given his enthusiasm for AI, it was unsurprising that Cramer was quite excited about the announcement as well:
“Walmart announces a partnership with OpenAI to introduce a shopping cart on ChatGPT. This is in addition to what we know from Etsy. This is a direct attack on Amazon. And there isn’t a vertical that OpenAI doesn’t want to go after. And this is a good example of why, every time we want to say, pie in the sky, Walmart, you want to own Walmart today because of this announcement with OpenAI and ChatGPT!”
Cramer discussed Walmart Inc (NYSE:WMT) during his Mad Money appearance on September 25th. Here is what he said:
“In retail, after years of retrenchment, a lot of it thanks to digital competition. Retailers still have too many workers, too many stores. Only an outfit like Walmart, which has the same scale as an Amazon or Costco, can compete without worrying about its balance sheet.”
1. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders In Q2 2025: 95
Johnson & Johnson (NYSE:JNJ) announced yesterday that it would spin off its orthopedics business to allow it to become the largest firm of its kind in the world. Cramer appreciated the decision and commented on the firm’s legal troubles as well:
“Yeah look I spoke with Joaquin Doato [JNJ CEO]. And he’s beginning to become, the spokesperson for the pharma industry in terms of the way things should be done. He spun off the orthopedic this morning. Why? Because there’s not a lot of science to new knees. There just isn’t. They haven’t developed anything. It’s keeping their price-to-earnings multiple back. It’s another brilliant move. The spinoff of Kenvue obviously. Looking really great. . .who knew that RFK Jr. was going to go after Tylenol. But that was a remarkable quarter. They are the fast growing pharma company. I think that JNJ is the paradigm shift that we’ve seen. Which is, you’ve got to get rid of anything that doesn’t grow quickly. Look at that. Look at that chart. This started by the way when they decided to fight the [inaudible] on all the talc cases. Where the [inaudible] were saying the talcum had asbestos in it. They have not been winning all the cases, they just lost one. But what’s happened is that they’re no longer negotiating on you know some gigantic settlement that could hurt them. And instead they’ve become pure pharma, no longer orthopedic, and again, no longer the generic. David this man has quietly put his stock, in a position to challenge Eli Lilly, for growth. Incredible.”
“And they had this thing hanging over, and when you talk to the plaintiffs [inaudible] all they ever talk about is like, be careful about the dividend, be careful about the dividend. This thing should be, the growth of this, and the wealth of this should be shared equally with the plaintiffs. And I got caught up in that talk. Because they weren’t fighting, they were negotiating, JNJ. Well, Joaquin doesn’t seem like he’d be the toughest guy on the planet but he’s taking on the plaintiffs [inaudible] and it’s worked. It almost never works David. It’s working for him. And the spinoff of orthopedic is a brilliant move because boy, that’s a slow growing part of their business. You know David one day you might need a new knee, new hip, whatever, but you’re gonna be surprised that they’re kind of similar of what they were 20 years ago.”
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