On Wednesday, Jim Cramer, the host of Mad Money, discussed why investors might want to look beyond the tech sector and highlighted a number of stocks worth watching.
“It’s starting to dawn on people: a market that only goes higher because of data center spending is a perilous market, and we don’t like that. Increasingly, I feel like there are better places to hunt for winners than the AI space, where many, not all, but many feel picked over.”
READ ALSO: Jim Cramer Recently Put These 18 Stocks Under a Microscope and Jim Cramer Offered Insights on These 16 Stocks.
Cramer explained that “if this were a bad market, the weakness in the data center-related plays would’ve sent everything down.” Instead, he said, “The fact that we had a rotation to lots of other groups shows that this market has tremendous strength.” He noted that rather than tech dragging everything lower, “we got a market that defies the bears and has come up with a ton of undervalued companies that could catch fire now that the government shutdown is finally coming to an end.” He mentioned that it has gotten broader and that “broader is always good.”
“Here’s the bottom line: This market could have been eviscerated today, now that the year of magical investing is coming to an end. Instead, we’re watching the money flow back from OpenAI and company, even though that’s private, into the rest of the economy, the part that doesn’t need a federal data center backstop if the AI thesis goes awry. Welcome back to growth investing, non-tech style. We missed you, and thank heavens nothing needs to be built out for these stocks to run. The building’s already done.”
Our Methodology
For this article, we compiled a list of 17 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on November 12. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 hedge funds.
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).
Jim Cramer’s Latest Comments on These 17 Stocks
17. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders: 63
International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer highlighted the company as a quantum computing play, as he commented:
“So if you crave quantum computing in your portfolio, IBM’s got commercial quantum that’s selling really well… much safer way to go.”
International Business Machines Corporation (NYSE:IBM) provides technology solutions, including hybrid cloud, AI, consulting, and infrastructure services. Cramer discussed the company’s quantum computing solutions during the November 5 episode and said:
“Okay, first, I think there are only two quantums right now that are, that are actually real. One is IBM and the other is Google. There’s a lot of others. We’ve had D-Wave on… You know, actually, I’m not saying that they’re all jokes like Rigetti is a joke.. It’s not like that. I do feel that what’s happened is that there are a lot of speculative stocks about quantum that are 7, 8, 10 years away. IBM’s got something that’s going to work in the next year or two. It should impact all the power that, we won’t need nearly as much power with quantum. But as Jensen Huang told me multiple times, he’ll be in there too. You can’t run the quantum without the GPUs, so you can run them side by side. IBM is the inexpensive way. They do have eight machines that are currently working in quantum. That’s the way to play it. Nothing else right now, okay? Nothing else.”
16. Rigetti Computing, Inc. (NASDAQ:RGTI)
Number of Hedge Fund Holders: 17
Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer discussed whether it is the right time to sell the stock or not. He stated:
“Take Rigetti. That’s the quantum computing company that has come out of nowhere with a stock that traded at just $.149 a year ago. Now, it trades at $28 and change, although it’s traded as high as $58 last month. Too late to sell at this point? Even after today’s nearly 10% beat down, Rigetti’s still up 85% for the year. Meanwhile, the company itself got declining revenues, losing gobs of money. That doesn’t sound like it’s too late to sell to me. You think it’s going to come right back? Okay, how about this? You sell half of it, playing with the rest of the house’s money. That way, if you’re right, you still make out like a bandit. But if you’re wrong, you can only lose when you can afford to…
Rigetti and Oklo are just two of the hyper speculative companies that I’m referring and referencing when I am talking about the year of magical investing. That era is drawing to a close. If you own them and they’re up very big, have you made money? Only if you’ve sold some. Otherwise, no.”
Rigetti Computing, Inc. (NASDAQ:RGTI) develops quantum computing systems and superconducting processors. It provides cloud-based access through its Quantum Computing as a Service platform.
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