In this piece, we will look at the stocks Jim Cramer discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer continued to discuss quantum computing stocks. Pureplay quantum stocks have seen some action lately after reports suggested that the Trump administration might take stakes in these companies. However, according to CNBC, a Commerce official has denied the reports. Cramer believes that these firms are overvalued and are competing with giants such as IBM and Google:
“You get the money and then you blow out of the stocks. That’s the game plan. Get the money and blow out. Because the losses are overwhelming. Of those, I think that D-Wave has got the best, they have great technology. But the problem is IBM, and the problem is Alphabet. You can’t, you can’t bring knife to a nuclear war fight. . .they’re so overvalued, oh my. And the revenues. No. Rigetti’s a late entry to this one. I just think that, there is a crypto and a quantum love in Commerce. And that’s been good for the stock market.”
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 24th.
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).
12. Ford Motor Company (NYSE:F)
Number of Hedge Fund Holders In Q2 2025: 45
Ford Motor Company (NYSE:F)’s shares closed 15.9% higher last week and gained on Friday after the firm reported its third-quarter financial results. For its third quarter, the firm reported $0.45 in EPS and $47 billion in automotive revenue, both of which beat analyst estimates. In the reshaped electric vehicle environment during the Trump administration, Cramer has commented previously that Ford Motor Company (NYSE:F) can benefit due to its focus on hybrid vehicles. Ahead of the earnings, he discussed a fire at an aluminum plant that supplies the firm and wondered whether its impact on the results could drive down the shares. Ford Motor Company (NYSE:F) lowered its guidance due to the fire, and here is what Cramer said about the firm:
“[On strong share price performance] Well actually Ford, to be fair, they have a reason not to do a lot of EVs. And they make Ford trucks. Best selling. They, much better than people thought. I think that Ford can actually have a ramp here. I really do. GM’s good numbers.”
11. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders In Q2 2025: 82
Cramer discussed chipmaker Intel Corporation (NASDAQ:INTC) in detail after the firm’s earnings. His comments focused on the firm’s CEO, Lip-Bu Tan, as the CNBC TV host believes that Tan can spearhead a massive turnaround at the firm:
“[On being up sharply in premarket and Melius’ report] Oh I know and I’ve got that piece. When I met with Lip-Bu Tan, I just said you know what, that was why I was so aggrieved when some senator said he was not American. The guy is, the guy is fantastic. And he told me what he was going to do and how quickly he could rebuild the destruction of Pat Gelsinger. Not mentioning Gelsinger’s name because he’s too much of a gentleman. He’s done everything. He’s done everything. He’s gotten the government. He fixed the balance sheet which is really important. He’s got really, I’ll tell you, he’s got a great lineup, it turns out products are completely red hot, we’re supply constrained with everything involving the PC. And the server and I just think that people don’t realize that this guy has already put his imprint.
“You know who really was the bigger winner in this. His close friend Jensen Huang. Because Jensen bought five billion dollars worth, it struck at 23 dollars. And Jensen is just, you know I once heard Jensen talk about Lip-Bu, that’s how I got on the Lip-Bu train. I was on the Lip-Bu love train because I heard Jensen speak about him in 2022.
“Under Andy Grove, the margins, they flirted with 69-70, that was always the level. You get to that level. . .they’ll get back to where Andy Grove is. Lip-Bu is real, I mean he has got [inaudible] buy it. Pat Gelsinger was messianic. Lip-Bu is about making a lot of money. . .I’m worried about the Foundry, because the Foundry’s something he’s stuck with. . .he’ll figure it out. I don’t people don’t realize, one person can make a great deal of business. He reminds me of a throwback to the way Intel used to be. Which is that everybody knew that they were the smartest and the best.
“Well look, think about what’s going right for them. Renewed growth for traditional overall cloud to edge computing. They are now five years past the COVID pull forward, which was devastating for the PC industry. Not anymore. Refresh of a larger base, Windows 11. Build out of the AI infrastructure driving big CPU demand. Head nodes, inference, orchestration layers, incremental demand holy cow, enterprise, sovereign clouds, private networks, this is all Lip-Bu playing right into what’s really the supply problem.”
10. Western Digital Corporation (NASDAQ:WDC)
Number of Hedge Fund Holders In Q2 2025: 74
Western Digital Corporation (NASDAQ:WDC) is a computer hardware company that sells storage devices. Cramer has discussed the firm several times over the past couple of months. He believes that the firm’s history and technology are finally being appreciated by the market. This time, he discussed Western Digital Corporation (NASDAQ:WDC) in the context of Intel’s latest earnings report. During the Intel earnings, the firm emphasized a shortage in the CPU market. For Cramer, this means hardware companies like Western Digital Corporation (NASDAQ:WDC) can also benefit:
“David Zinsner, who’s a fantastic CFO, remember I mean Micron, he’s just a genius. He says listen, supply constraints, supply constraints, supply constraints. . .Western Digital. . .will go up again. . .They all play a role and then I think that even though NVIDIA was mentioned by Lip-Bu, was having one big product with them, NVIDIA gets taken up too. Tour-de-force conference call, people should all listen to. . . . . .But these others, Sandisk, I mean these companies, no one’s talked about Western Digital since I owned 4% of it in 1998.
“Well when you have David Zinsner who’s such a heavy weight guy, CFO at Intel, saying listen, we’re supply constrained. Those are the ways to play it.”
9. Seagate Technology Holdings plc (NASDAQ:STX)
Number of Hedge Fund Holders In Q2 2025: 71
Seagate Technology Holdings plc (NASDAQ:STX) makes and sells hard disks and other storage devices used in computers. Over the six months, its shares have gained 184% and made Cramer wonder whether the firm’s market and business model mean that its multiple is too high. Cramer believes that Seagate Technology Holdings plc (NASDAQ:STX)’s share price performance is a “reflection of the AI data center bull market.” In this appearance, he commented on the firm after Intel’s third-quarter earnings report. During the earnings, CFO David Zinsner pointed to a CPU market supply constraint. For Cramer, this means that firms like Seagate Technology Holdings plc (NASDAQ:STX) can benefit as PC makers scramble for more storage devices:
“David Zinsner, who’s a fantastic CFO, remember I mean Micron, he’s just a genius. He says listen, supply constraints, supply constraints, supply constraints. Others. . .Seagate. . .will go up again. . . .They all play a role and then I think that even though NVIDIA was mentioned by Lip-Bu, was having one big product with them, NVIDIA gets taken up too. Tour-de-force conference call, people should all listen to. . .
8. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders In Q2 2025: 94
Courtesy of its role in the global memory semiconductor supply chain, Cramer regularly discussed Micron Technology, Inc. (NASDAQ:MU) in his morning show. He believes that the firm’s CEO, Sanjay Mehrotra, is “non promotional.” The CNBC TV host also remarked in a recent Mad Money episode that Micron Technology, Inc. (NASDAQ:MU) had a “parabolic” move. As a result, he cautioned viewers against buying the shares before they came down. In this appearance, he discussed the firm after Intel’s third-quarter earnings saw CFO David Zinsner discuss a CPU shortage:
“David Zinsner, who’s a fantastic CFO, remember I mean Micron, he’s just a genius. He says listen, supply constraints, supply constraints, supply constraints. Others. . .Micron, will go up again. . . .They all play a role and then I think that even though NVIDIA was mentioned by Lip-Bu, was having one big product with them, NVIDIA gets taken up too. Tour-de-force conference call, people should all listen to. . .But these others, Sandisk, I mean these companies, no one’s talked about Western Digital since I owned 4% of it in 1998.”
7. Texas Instruments Incorporated (NASDAQ:TXN)
Number of Hedge Fund Holders In Q2 2025: 68
While he’s quite optimistic about the semiconductor industry in general, Cramer has recently taken exception to Texas Instruments Incorporated (NASDAQ:TXN). The firm makes and sells chips such as power regulators and sensors. Cramer believes that, as opposed to other chip companies that have exposure to AI data centers, Texas Instruments Incorporated (NASDAQ:TXN)’s story revolves more around industrial use and the internet of things. After the firm’s recent earnings report, he remarked that the investor call didn’t do much to inject confidence into its prospects. This time, he outlined that while others, such as AMD and Micron, would benefit from a CPU supply shortage outlined by Intel CFO David Zinsner, Texas Instruments Incorporated (NASDAQ:TXN) might not do so:
“David Zinsner, who’s a fantastic CFO, remember I mean Micron, he’s just a genius. He says listen, supply constraints, supply constraints, supply constraints. . .then I think that even though NVIDIA was mentioned by Lip-Bu, was having one big product with them, NVIDIA gets taken up too. Tour-de-force conference call, people should all listen to. . .yeah TI turned out to be internet-of-things, industrial, rain on my parade really kind of bummer conference call.”
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders In Q2 2025: 113
Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and sells CPUs and GPUs that are used in the consumer and enterprise spaces. Its GPUs are also used for AI computing, and Cramer discussed the firm’s role in a PC shortage outlined by Intel CFO and CEO Lisa Su’s performance:
“David Zinsner, who’s a fantastic CFO, remember I mean Micron, he’s just a genius. He says listen, supply constraints, supply constraints, supply constraints. . .AMD is going to go up again. They all play a role. . .
“I’ve been talking to a lot of people who are NVIDIA millionaires. And I’m thrilled, they’re regular people. Maybe we should start thinking about Lisa Su millionaires. So this month in 2014, she came in, the company was worth 2.5 billion dollars and now it’s worth 400 billion dollars. And it’s up again today. She stayed in PC. She moved aggressively into the data center. Lisa Su is one of the greatest executives of all time.
“You had to buy it. I mean there was a period where she was telling me, look, Jensen’s way ahead. But now she’s saying, the gap has closed. Now of course there’s a new iteration that NVIDIA has next year, we have to rethink. But, congratulations again to Lisa Su, you know this 2014 is 11 years. Look what she’s done.”
5. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders In Q2 2025: 63
International Business Machines Corporation (NYSE:IBM) is one of Cramer’s favorite firms in the quantum computing space. Given the momentum in quantum computing stocks such as Rigetti, the CNBC TV host has regularly discussed the space. He continues to believe that International Business Machines Corporation (NYSE:IBM) is one of the best-positioned quantum computing firms. In this appearance, he discussed an announcement by the firm that revealed that it was possible to run a quantum computing algorithm on AMD’s chips. The announcement was important since AMD does not design specialty quantum computing processors. Here is what Cramer said about International Business Machines Corporation (NYSE:IBM)’s announcement, which Reuters reported:
“Yeah, why didn’t anyone talk about that. We’re so busy talking about the traditionals, these small guys and how much they’ll get from Lutnick, and I thought that was so significant, it’s one of the reasons I told people to buy IBM. That’s commercial, they have a commercial quantum program. The only other one that really is commercial is Alphabet.
“All they did was talk about RedHat taking down to and it’s going to come back, I thought that was just stellar.”
4. Deckers Outdoor Corporation (NYSE:DECK)
Number of Hedge Fund Holders In Q2 2025: 63
Deckers Outdoor Corporation (NYSE:DECK) reported its fiscal second-quarter earnings last week. The results disappointed investors as the firm guided $5.35 billion in annual sales while analysts had estimated $5.45 billion. Cramer discussed the earnings report and Deckers Outdoor Corporation (NYSE:DECK)’s brands:
“Today’s it’s Deckers. A kind of lukewarm guide and that is enough. I thought this had been punished over and over and over and it would bottom. But no. You got UGG’s not doing that well, you’ve got HOKA’s not doing that well, you have the projections not that great. Enterprise level declines, I mean this is a Truist note that just says elevated competition, broader macro uncertainty. Now the question is, is Nike coming in against HOKA? Well I would say that there is a big scrum right now in sneakers. New Balance has come back. It’s lost its allure. Now, it’s fashion. It’s got a feel kind of like LULU, but LULU’s expensive, and this company’s just alright. I don’t know if I want to sell this ahead of, let’s say you get a really cold winter and UGG’s maybe you get a snap back. But people just hate it, I think it’s overly hated.”
3. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holders In Q2 2025: 81
After Cramer discussed Deckers, the conversation shifted to NIKE, Inc. (NYSE:NKE). The firm is currently in the middle of a turnaround led by CEO Elliott Hill. Cramer has regularly discussed Hill and believes that he is the right executive for the job. In his previous comments about NIKE, Inc. (NYSE:NKE), the CNBC TV host has commented that Hill needs to “reinvent the entire business.” Additionally, Cramer also believes that the firm has to revitalize its distribution network and remove any concerns about excess inventory. This time, he shared that his trust has been buying NIKE, Inc. (NYSE:NKE) and continued to have faith in Elliott Hill:
“[On him being constructive] I am and we’ve been buying. That’s because of Elliott, I think that he’s doing a terrific job but people keep saying that there’s still too much inventory in the system. I think he’ll surprise. And that there won’t be and that this is the last quarter, you gotta buy Nike right here. . . .I’m with them, not against them. I think that they are great operators with a terrific outlook for 2026.”
2. Starbucks Corporation (NASDAQ:SBUX)
Number of Hedge Fund Holders In Q2 2025: 66
Starbucks Corporation (NASDAQ:SBUX) came to Cramer’s attention as he discussed Nike’s turnaround. Like the shoe company, the coffee chain is also in the middle of a turnaround. As is the case with Nike’s CEO Elliott Hill, Cramer also has faith in Starbucks Corporation (NASDAQ:SBUX)’s CEO Brian Niccol. In his previous comments about the firm, he has outlined that Niccol has continually stressed to him that the turnaround at Starbucks Corporation (NASDAQ:SBUX) will take time. He also believes that the recent sluggishness in the shares is due to analyst over-optimism rather than the turnaround itself. This time, he discussed the turnaround and the share price:
“But am I also saying, that it’s Brian Niccol’s last bad quarter on Starbucks. And these are very big bets, because if they’re not, then you’re going to revisit this. And if you’re not, you’re going to revisit Starbucks in the 70s. But I’m with them, not against them. I think that they are great operators with a terrific outlook for 2026.”
1. Target Corporation (NYSE:TGT)
Number of Hedge Fund Holders In Q2 2025: 54
Target Corporation (NYSE:TGT) announced last week that it would lay off 1,800 corporate employees as part of a restructuring effort ahead of the firm’s new CEO taking over. Cramer discussed the announcement:
“[On layoff announcement] Yeah I think that we’re in this mode, someone’s going to say it’s AI, it’s not. I think these are all pretty discrete. The Target for instance which was pretty, pretty big. I think that’s an opportunity because the new guy comes in, brooming a lot of, what I guess would be overhead. I always like to think of these people as doing something. You got a 12 PE on Target, that’s gotta go up. And one way they can do it is to sell more. The other way they can do it is to be able to have better cost control. Because when I talked to Brian Cornell I would go into the stores with him and I would say, this stuff is too expensive. I think they have too much overhead. They are not competitive with Walmart. And they have to, at least on some things. And it’s not enough that they have very good house brands, which they do. I think that you don’t want to be irrelevant. And Target, because it’s little higher cost, you don’t want it to go down, be the Kohl’s hole. It could happen.”
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