Jim Cramer’s Thoughts on 16 Stocks: Arista, Taiwan Semi, and Big Tech’s AI Spending

10. Extreme Networks, Inc. (NASDAQ:EXTR)

Extreme Networks, Inc. (NASDAQ:EXTR) is one of the stocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. Inquiring about the stock, a caller mentioned that they like the stock, and Cramer said:

No, this stock, Ed Meyercord, this stock has just, I don’t know. I mean, it is going like this, and I don’t recommend stocks like this, but I will give you a considered opinion. Come back, and I’ll tell you what I think is going on.

Extreme Networks, Inc. (NASDAQ:EXTR) develops cloud-based network infrastructure equipment, as well as AI-powered management software and security solutions. SouthernSun Asset Management, LLC stated the following regarding Extreme Networks, Inc. (NASDAQ:EXTR) in its fourth quarter 2025 investor letter:

During the fourth quarter we initiated new positions in Oshkosh Corporation (OSK), Live Oak Bancshares Inc (LOB) and Extreme Networks, Inc. (NASDAQ:EXTR)  Extreme Networks, Inc. (EXTR) Earlier in 2025, we added EXTR to the Small Cap strategy. We have continued to get to know the company throughout the year, and our conviction has built, so in the fourth quarter we added EXTR to the SMID strategy. Extreme Networks is one of the top three players in the enterprise networking industry, although it remains a distant third behind Cisco and Hewlett Packard (HPE), which together control more than 60% of the market.

We believe EXTR has the opportunity to grow revenues in the low double-digit range and gain market share due to advantages in product architecture, pricing, and customer experience. Unlike its larger competitors, which are primarily focused on datacenter-centric network designs, Extreme offers a differentiated fabric-based architecture that is well suited for distributed environments. This makes EXTR particularly attractive for customers such as college campuses, hospitals, stadiums, convention centers, and industrial facilities with complex operational networks and growing numbers of connected devices..…” (Click here to read the full text)