In this article, we will look at Jim Cramer’s 5 Stock Calls: Sandisk, Marvell, and AMD. Please visit Jim Cramer’s 12 Stock Calls: GE Vernova, Arm, and Vertiv, if you’d like to see the extended list and methodology behind it.
5. Merck & Co., Inc. (NYSE:MRK)
Merck & Co., Inc. (NYSE:MRK) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. A caller asked whether they should stick with the stock or switch to another one. Cramer replied:
Okay, I’ve gotta tell you, this rotation out of healthcare is one of the most breathtaking rotations. We could be talking about a half dozen drug stocks, and they would all be the same. I think that Merck is at 13 times earnings. I think Merck is terrific. I don’t think that matters at all. I think the stock could drop another five, so you want to buy some and then leave, I like to say leave room. Hey, maybe divide by 10. It’s an $11 stock. Maybe it goes to 10 and a half.
Merck & Co., Inc. (NYSE:MRK) is a healthcare company that provides a wide range of human and veterinary pharmaceuticals, vaccines, and health solutions. TCW Relative Value Large Cap Fund stated the following regarding Merck & Co., Inc. (NYSE:MRK) in its fourth quarter 2025 investor letter:
The best performing stocks in the quarter were Alphabet†, Intel (INTC; 2.69%**), and Merck & Co., Inc. (NYSE:MRK) (MRK; 2.70%**). Merck & Co. shares jumped after the company reported better than expected third quarter revenues. Management attributed the beat to cost cutting initiatives and strong sales of its pneumonia vaccine.
4. Bloom Energy Corporation (NYSE:BE)
Bloom Energy Corporation (NYSE:BE) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. Cramer noted that the bull run in this stock results from investor belief that such stocks will keep “climbing.”
Finally, there’s power and the incredible bull market in Bloom Energy, which alludes me, and of course, drives me crazy… In 1992, one of my best years, my then trader went rogue on me and decided to violate the discipline on a handful of high-fliers like the 16 stocks I just mentioned… This is an exciting energy play, can turn abundant hydrogen into electricity. Stock’s up 164% year to date, including a nearly $9 move today. $229, $229, remember that. With a stock like that, I would’ve waited for a pullback, maybe $218, maybe $200.
She (the above-mentioned trader) would insist that my discipline in this market is really going to cost me. With my attitude, my restrictions, I would never bring in Bloom Energy. So she would pick up the phone, and she would want 200,000 shares, right? She’d tell the broker this. She’d say, sweep the stock, sweep the stock to 235. But you get me in those 200,000 shares or else. That way, she got it, didn’t matter what price. That’s what you’re seeing right now. That’s what you’re seeing in a lot of these trading houses. That’s why these stocks do this.
They’re doing that kind of order. They believe in these stocks. They think we’re at the very beginning of the run. They don’t mind overpaying because they believe these stocks will get, keep climbing, climbing. And they’ve been right. Me, I’m never that certain. I wish I could be, but I’ve always maintained that discipline trumps conviction, and my discipline means refusing to chase… She’d perform a mental exercise. She would divide high-priced stocks by 10 to show me that it’s not so outlandish.
Bloom Energy Corporation (NYSE:BE) develops and sells solid-oxide fuel cell systems that convert natural gas, biogas, or hydrogen into electricity without combustion. The company also provides electrolyzers for hydrogen production.
3. Marvell Technology, Inc. (NASDAQ:MRVL)
Marvell Technology, Inc. (NASDAQ:MRVL) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. Discussing stocks that he missed out on, Cramer said:
Next, data centers are filled with networking software and hardware. Remember, the data center is stuffed with a huge number of chips from NVIDIA, AMD, Google, or Amazon, the more the merrier. Here you have, are you ready? Because these ones really drive you crazy. Marvell Tech, oh man, it doubled, Credo, Astera Labs, Ciena, they’re all on fire.
Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including system-on-a-chip designs, processors, and networking and storage products. On April 21, answering a caller’s query about the stock, Cramer said:
Look, I think the world of Matt Murphy. I’ve liked him ever since the stock was in the $20s. My problem is we had a big hit in it, then we didn’t come back in time when it fell. We did have him on. I’m proud that we had him on talking about that he’s the signal, not the noise, and that he bought a lot of stock. And I’m glad that you bought it… Look, we own a lot of stocks. I try not to have more than 30 stocks. I didn’t pull the trigger in the bullpen… I’m always willing to admit when I screw up. I should have pulled the trigger. I didn’t. We bought some other stocks. Fortunately, they were good, too.
2. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Advanced Micro Devices, Inc. (NASDAQ:AMD) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. Discussing stocks that he “couldn’t land” that have been going up recently, Cramer mentioned the company and said:
Next up, central processing units, CPUs. You need to power agentic AI. These AI agents, the next wave of the fourth industrial revolution, can do amazing things, replacing many humans at old, dirty, and dangerous jobs. But they need the right semiconductors. The bottleneck here is not GPUs from NVIDIA. They need better CPUs. NVIDIA doesn’t make them. Who does? Because you know that the agents need them. Well, that’s why everyone keeps buying Intel and AMD, silly. I shouldn’t have missed those. I like them both so much. I should be wearing Post-its with their names on my forehead.
Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and manufactures processors, graphics cards, and AI chips for computers, servers, and gaming systems. The company’s products include Ryzen, Radeon, and EPYC.
1. Sandisk Corporation (NASDAQ:SNDK)
Sandisk Corporation (NASDAQ:SNDK) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. Starting his list of stocks that have had recent significant rallies that he missed out on, Cramer mentioned the company and said:
I’m going to talk about 16 [stocks] that I was unable to land, couldn’t bring them in… They are so far away from where I first wanted to buy them that I just have to say I’m late, forget about them. Except that time after time it would’ve worked if I hadn’t forgotten about them, if I just bought them today or yesterday, the day before, a week before, a month before, whatever. Which are the tantalizing stocks that have just driven me to ruin? Let’s start with memory and storage, yeah, the devices that hold the data. You ready? You can write them down, but they’re so hot they’ll burn the paper. Seagate, Sandisk, Western Digital, and Micron. I liked all these…
Listen to me. These stocks are being driven up by desperate buyers with persistent orders that take them higher every day. And now I’m going to tell you how it works. Let’s say you want some Sandisk, okay, so do many other people. With the stock at, say $957, you go in, and you place an order like this $957, right? Sandisk, buy me 100,000 with a $1,000 top. A half dozen buyers are actually putting in that same order at the same time you are, literally. And that’s why the stock could rally 8.4% today, up 75 bucks.
These orders are often put in before the market opens. It’s like a train, and they don’t want to miss it. These orders and people don’t have any quit, and that’s how a stock goes up dramatically. Multiple buyers with high tops just buying and buying. Why do these memory stocks work? Simple, shortages. AI needs a huge amount of memory. Nobody in this industry was ready for that level of demand. It’ll take them years to build out enough production capacity to meet the demand.
Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives.
While we acknowledge the potential of SNDK 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 SNDK and that has 100x upside potential, check out our report about the cheapest AI stock.
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