Jim Cramer Was Bullish on 10 Stocks Due to Share Buyback Activity

1. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 89

Applied Materials, Inc. (NASDAQ:AMAT) is one of the stocks Jim Cramer was bullish on due to share buyback activity. During the episode, Cramer said it is one of his “old favorites.” He said:

“That’s why I went through that list of 51 companies to pick out 10 that are worth recommending to you. Now, first up is one of my old favorites is Applied Materials. It’s a semiconductor capital equipment maker, which has reduced its share count by 31% since the end of 2015. Now, this stock had a strong year. It’s up over 50% for 2025 because we have insatiable demand for all sorts of semiconductors, especially, you know, believe it or not, the commodity ones, which means there’s equally big demand for the machines that make semiconductors. But Applied Materials, AMAT, is also a great long-term performer. It is up 1,200% since the end of 2015, versus 229% for the S&P 500. Now, some of that’s the strength of the core business, and some of it’s the voracious buyback. By the way, it is a terrific example of the kind of stock I suggest you buy in my new book, How to Make Money in Any Market. This is the essence of what I’m trying to get across to you.”

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services that help manufacturers produce semiconductors and other electronic devices.

While we acknowledge the potential of Applied Materials, Inc. (NASDAQ:AMAT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMAT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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