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Jim Cramer Made Accurate Predictions About These 4 Stocks

This article presents an overview of  Jim Cramer’s Predictions Were Right About These 4 Stocks. For a detailed overview of such stocks, read our article, Jim Cramer Made Accurate Predictions About These 9 Stocks.

4. Lucid Group Inc (NASDAQ:LCID)

Number of Hedge Fund Investors: 21

In June last year, Jim Cramer recommended investors to sell Lucid Group Inc (NASDAQ:LCID) since he believes Lucid Group Inc (NASDAQ:LCID) was losing money. Cramer has been bearish on the stock for a long time. In December 2022, Cramer had told investors that he’d not “fool around” with this stock and that “the thing just goes down and down.” Cramer said at the time that he was seeing a “trend” that was “dangerous.”

Lucid Group Inc (NASDAQ:LCID) shares have fallen by a massive 36% year to date in 2024 through March 18.

As of the end of the fourth quarter of 2023, 21 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Lucid Group Inc (NASDAQ:LCID) . The most notable stake in Lucid Group Inc (NASDAQ:LCID) is owned by Israel Englander’s Millennium Management which owns a $15 million stake in Lucid Group Inc (NASDAQ:LCID) .

3. Riot Platforms Inc (NASDAQ:RIOT)

Number of Hedge Fund Investors: 21

Jim Cramer has time and again advised investors to stay away from crypto stocks like Riot Platforms Inc (NASDAQ:RIOT) and instead directly buy Bitcoin if they want exposure to cryptocurrencies.

In November 2023, Jim Cramer said the following about Riot Platforms Inc (NASDAQ:RIOT):

“They don’t make any money…If you want to do Bitcoin, own Bitcoin.”

Riot Platforms Inc (NASDAQ:RIOT) shares are down by about 24% in 2024 so far. However, over the past 12 months, the stock price is up 35%

2. Prudential Financial Inc (NYSE:PRU)

Number of Hedge Fund Investors: 32

During his December 2023 program, Jim Cramer gave bullish comments on Prudential Financial Inc (NYSE:PRU) and said that the stock was a “keeper.” Year to date through March 15 the stock has gained about 7%, while it’s up by about 14% over the past six months.

In February, Raymond James downgraded the stock to Market Perform from Strong Buy.

As of the end of the last quarter of 2023, 32 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Prudential Financial Inc (NYSE:PRU).

1. Palantir Technologies Inc (NYSE:PLTR)

Number of Hedge Fund Investors: 44

In December 2023, Jim Cramer said during his program that he “disliked” Palantir Technologies Inc (NYSE:PLTR) for a “long time, but not anymore.” He praised Palantir Technologies Inc’s (NYSE:PLTR) “dynamite” quarter at that time and recommended investors to buy the stock.

Jim Cramer’s prediction that the stock would grow was correct. The stock has gained about 41% year to date through March 15, as it keeps grilling short sellers.

Wedbush’s Dan Ives recently upped his price target for Palantir Technologies Inc (NYSE:PLTR) after attending Palantir Technologies Inc’s (NYSE:PLTR) AIPCon conference.

“Our recent checks on Palantir in the field have been incrementally more bullish as we believe the AIP foundation is becoming viewed by many US enterprises as the ‘launching pad of AI use cases,” said Dan Ives, who increased his price target for the stock to $35 from $30.

Carillon Scout Mid Cap Fund made the following comment about Palantir Technologies Inc. (NYSE:PLTR) in its Q3 2023 investor letter:

Palantir Technologies Inc. (NYSE:PLTR)’s stock moved higher on hopes that it could win business from the U.K.’s National Health Services and as customer counts grew rapidly in the latest quarterly report for the company’s new Artificial Intelligence Platform (AIP). Palantir also won a significant new contract with the U.S. Army in September, which should last through 2026. The debate on the street is how fast Palantir can monetize its new commercial customers. After the quarter closed, the company announced an enhanced marketing deal with a major auditing and consulting firm.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Jim Cramer’s 10 Latest Stock Picks This Week and the Jim Cramer’s Latest Lightning Round: 11 Stock Recommendations.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Buy This $3 Stock Now Before the 400% Surge Begins

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

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We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

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