In this article, we will look at the stocks Jim Cramer discussed alongside the tech market divide. The host of CNBC’s Mad Money said on Thursday that the real divide in the market right now is playing out between technology’s hardware winners and software laggards.
That’s the seventh straight up day for the S&P, which seems to reflect that the truce will hold, no more bombing, just acceptance by both sides. But somehow, the Gulf’s not the narrative of this market. Instead, the averages tell us an alternative tale, nothing to do with the war at all. They tell a story of an empire torn asunder, ripped to pieces by a handful of companies. I’m talking about the enterprise software empire that’s being toppled by hardware stocks and AI. This war in tech, more than the actual war in Iran, has captivated Wall Street.
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Cramer went on to explain that even on a day when investors might normally zero in on the Strait of Hormuz, oil markets, or Beirut, trading activity showed that hardware names overwhelmed software across the board, including companies that are otherwise performing well. He added, “If you’re in the software camp, you’re being treated as if you’re ready for the embalmer. If you are in the hardware and AI camp, you’re headed for the pantheon of greatness.”
Here’s the bottom line: Maybe tomorrow we’ll return to the worldwide narrative, whether it’s war or peace in the Middle East. But for now, it’s just another day when hardware slew software like Cain slew Abel, and all I can do is say get used to it. You may think these stocks don’t deserve it, but as Clint explains to Gene in that unbelievable scene in Unforgiven, “Deserve’s got nothing to do with it.”
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 9. 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 Weighed In on the Tech Market Divide and 11 Stocks to Watch Now
11. Amazon.com, Inc. (NASDAQ:AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) is among the stocks Jim Cramer discussed alongside the tech market divide. Cramer discussed the stock in light of the CEO’s annual letter, as he stated:
The annual Amazon letter came out today, written by CEO Andy Jassy, and it reminds you of just how stupendous this company really is. I believe this must-read letter is why the stock rallied a quick 5.6% today… Now, I’ve been concerned that Amazon was spending too much on satellites and drones. This letter tells me that I am wrong… Same-day delivery is on the rise, which will help the grocery front. Again, I’ve been skeptical of grocery. I’ve watched the rise of Walmart’s delivery business, and I thought it was at the expense of Amazon…
The thing they reassured the most about this stock was their tremendous commitment to artificial intelligence. Jassy put my mind at ease in incredible fashion… All I can say is he wishes he had more compute. He wishes he could spend even more… The letter also says they developed their own chips, which are in high demand, scorching demand, I should say… Do I keep Amazon for the trust after reading the letter? Honestly, even though we have an extremely low cost basis and we own more than enough of the stock, it was such a, it sounded so good, I’m tempted to buy more on the next dip.
Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators.
10. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) is among the stocks Jim Cramer discussed alongside the tech market divide. Toward the end of the lightning round, a caller sought Cramer’s thoughts on the company, and here’s what he had to say in response:
I think Regeneron, I think Leonard Schleifer’s doing an unbelievable job. I think the stock’s breaking out here, I really do. I mean, I looked at it for the Charitable Trust, that and Amgen, we bought another stock, but those are the two I really like.
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) sells medicines for eye conditions, immune disorders, cancer, cardiovascular issues, infections, and rare diseases. A caller inquired about the stock during the March 2 episode, and Cramer replied:
Oh man, you know what? I should have pulled the trigger on Regeneron when I sat down with them at the JPMorgan conference. I realized that the Charitable Trust should have owned it. It would’ve a much better, really much better drug stock than the others that we have, with the exception of Eli Lilly.
9. Plug Power Inc. (NASDAQ:PLUG)
Plug Power Inc. (NASDAQ:PLUG) is among the stocks Jim Cramer discussed alongside the tech market divide. During the lightning round, a caller asked for Cramer’s opinion on the stock, and he said:
Plug Power, I don’t care for it. It should have made money by now. It’s been way too long. It should not, it should have been making money.
Plug Power Inc. (NASDAQ:PLUG) manufactures hydrogen fuel cell systems, electrolyzers, and hydrogen storage and fueling solutions. During the episode aired on October 28, 2025, a caller asked Cramer if he sees the stock as a long-term investment, and he replied:
I still can’t believe it’s around. I mean, frankly, I mean, how much money can you lose over a certain period of time and still be allowed to be called a stock? Okay, what can I say? That’s my view.
It is worth noting that the company’s stock price is down 2% from the day the above comment was aired.
8. D-Wave Quantum Inc. (NYSE:QBTS)
D-Wave Quantum Inc. (NYSE:QBTS) is among the stocks Jim Cramer discussed alongside the tech market divide. A caller asked if Cramer thinks companies like D-Wave Quantum are positioned to rebound. In response, Cramer commented:
Well, I think it’s more of a, candidly, it’s more of a science project, which I don’t mean, you know, look, it is. And what can I say, maybe the science project works out, but it is more of a science project.
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. Cramer offered his insight on the stock during the November 10, 2025, episode. The Mad Money host remarked:
Over the past few weeks, this once red-hot speculative side of this market, yeah, you know it’s getting crushed. I mean, just look at the quantum computing plays. We had D-Wave Quantum on the show in August. Stock was at $18 and change by mid-October, then it peaked at nearly 47 bucks. But now I think this makes sense to some, it’s back below $30, down almost 40% from that high. That’s where you gotta start thinking about getting in. Last week, D-Wave reported its third-quarter results, and the report was really a perfect example of why these stocks are so tough to game. On the one hand, the numbers were all better than expected. On the other hand, they only had 3.7 million in revenue last quarter because the technology’s still in its infancy. Stock actually rallied almost 4% response. Still finished last week down nearly 20%. Remember last week was… a bad week for these stocks.
7. Newsmax, Inc. (NYSE:NMAX)
Newsmax, Inc. (NYSE:NMAX) is among the stocks Jim Cramer discussed alongside the tech market divide. When a caller asked what Cramer thinks of the company, he said:
They’re losing money, and I have found that buying companies that are losing money right now has been a losing bet.
Newsmax, Inc. (NYSE:NMAX) is a television broadcaster and digital content publisher that provides news, lifestyle programming, and historical documentaries. In addition, it offers advertising services, health and financial newsletters, and sells nonfiction books and nutraceuticals. During the April 2, 2025, episode, a caller highlighted the company’s IPO and sought Cramer’s advice on the stock. He responded:
Okay, that’s a good question. Okay, it’s, it’s a meme stock. What does that mean? It means it’s in control by a few people who write, a meme stock actually means that it’s determined by social media. It’s not determined by buyers and sellers of the traditional ilk. Social media was big on it yesterday and it’s turned on it today because we don’t know what social media will do. It’s therefore not predictable. It’s no more predictable for me than who’s going to win in a given game, and there’s no line to help you.
6. Qnity Electronics, Inc. (NYSE:Q)
Qnity Electronics, Inc. (NYSE:Q) is among the stocks Jim Cramer discussed alongside the tech market divide. A caller asked for Cramer’s thoughts on the company, especially in light of it becoming part of Apple’s American Manufacturing Program. Cramer replied:
Well, you know, I’m glad you mentioned, look, this, Qnity is just really an incredible stock, and it was a spin-off. We got a lot of it for our Charitable Trust. We’ve held on to it. I think people should really look at it. It’s probably the most undervalued of the data center stocks right now.
Qnity Electronics, Inc. (NYSE:Q) provides materials and chemical solutions used in the manufacturing of semiconductors and electronic components. Cramer mentioned the stock during the March 30 episode and said:
That’s a specialty chemical company that was spun out of DuPont late last year. When I covered the DuPont breakup last October, I told you I was very bullish on Qnity. And when DuPont broke itself up, we continued to own both stocks for the Charitable Trust. We’re now up 31% for the year for Qnity. I’m very happy to own that one for the trust.
While we acknowledge the potential of Qnity Electronics Inc. (NYSE:Q) to grow, our conviction lies in the belief that some 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 Q and that has 100x upside potential, check out our report about the cheapest AI stock.
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