During the most recent episode of Mad Money, which aired on Wednesday the 29th of May, Jim Cramer once again emphasized that artificial intelligence is not being taken seriously enough by the public or investors—even as it quietly reshapes the foundations of industry and labor:
“Every time I think that we are overstating the impact of artificial intelligence, something comes along that tells me we aren’t making enough of it on the show. […] If you want to know what’s going to happen in the future — not the near future like next week or tomorrow, but next year and beyond — then I think you must factor in artificial intelligence.”
“We need to know what percentage of people will be replaced by Agent — robot agents mastered by Salesforce. […] Will [Nvidia’s chips] let us all drive hands-free everywhere? Will they allow us to have robots at home and at work doing the jobs that would have previously been done by humans?”
READ ALSO: Was Jim Cramer Right About These 11 Stocks? and Jim Cramer Nailed These 11 Stock Predictions.
He closed with a darkly humorous warning about the long-term consequences of automation, leaving viewers with one final question: will Mad Money someday be hosted by an algorithm?
“Let’s see if the agents can do our jobs better than we can. Let’s see if we’ll even play a role in our own world or whether human workers will become obsolete and we’ll all just watch TV all day. Maybe Mad Money. I just hope it’s still the real Jim Cramer rather than my AI replacement in California.”
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the Mad Money episodes that aired between the 21st and 24th of May 2024. We then calculated their performance for the past 12 months, until May 23rd, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q1 2025 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11. Target Corporation (NYSE:TGT)
Number of Hedge Fund Holders: 62
In an older segment, Jim Cramer revisited Target Corporation (NYSE:TGT) following its earnings, where the company posted inline results that disappointed the market. Cramer acknowledged Target’s strong retail legacy, but noted that it had lost momentum relative to its peers:
“Target always gave us better same-store sales growth and more exciting stories of consumer enthusiasm. Now though, you know what? The shoe is actually on the other foot. Walmart’s crushing it with much better-than-expected store numbers while Target’s putting up largely inline results — which is not enough to do the job. […]
Don’t get me wrong, Target is a terrific company. It didn’t miss its numbers — it’s fun to shop at. But in the end it’s become a meaningful domestic enterprise while Walmart’s become an international colossus. I actually think Target’s setting itself up for a good second half and its stock might be a buy if it settles down.”
Cramer was wrong here as Target fell 34.71% over the year. The discount retailer Target Corporation (NYSE:TGT) is working to stabilize its margins and drive traffic through aggressive price cuts and expanded private label offerings.
Following the retailer’s latest earnings report, on the 21st of May, Cramer shared his thoughts on the stock and what the way forward for Target is:
“Right but Brian was very upset. Wanted to do much better. Recognizes that frankly that his prices might be too high. Has to discount more. . .look, let’s just call it. It was a bad quarter. Now I know when I pressed him on these DEI issues when there was backlash, he did not say there was. And I just went back and asked about the conference call that they just did with reporters and again, he’s just insisting that it’s not really, it’s not, just not mentioning it as being a factor. I find that, surprising. But David, the problem with Target I think, and I’m gonna come back. . .is scale.
“They did buy back a lot of stock. . . they must have had much more faith than the street. You know they bought back 2.2 million shares at a 114 dollars a share. I would have never done that. Plays down any backlash from DEI. But the most important thing here, Carl, I just find is, this has been a, become a typical thing that Target has become a serial disappointer.
“I am questioning, how well it’s doing. It’s not big enough. They’re not opening a lot of stores, it’s part of urban strategy that seemed just okay. There were issues even, you know, off of George Floyd, but they recovered very quickly. . . .But I think that that’s more, if you might show some others, yeah Walmart’s really good too, TJX is really good too.
“Go look at the prices, when I. . .would walk with Brian through a Target store, I said this is too high, this is too high, this one’s too high. Where is the 2019? How about 2019 prices? I know that right now Walmart’s got some 2019 prices.
“Look, when you put up a chart of Dollar Tree, Dollar General, not Dollar Tree. Dollar General, I think that if Target can really lower price, you can have a kind of a conversion of. . .
“I’ve gone over this with Brian many times. I think everyone loves to go to Target. They’ve got those great brands that are their own. They have to cut price, cut price, cut price. They have no choice. They have to cut price.
10. Best Buy Co., Inc. (NYSE:BBY)
Number of Hedge Fund Holders: 36
Best Buy Co., Inc. (NYSE:BBY) has faced sluggish demand in the consumer electronics space, with investors waiting on a rebound at the time. In that older episode, Jim Cramer positioned the stock as a long-term turnaround play tied to a future AI-powered PC refresh cycle. Here’s what he said back then:
“There are two challenge retailers that my charitable trust is positioned in that I’m not telling people to buy right now. I don’t expect anything good to happen but we’re sticking with them because the trust believes we have to be in early to anticipate the turnaround. I’m talking about Best Buy and Foot Locker. Both stocks act terribly as I would say my old hedge fund. […]
Best Buy will be the recipient someday of the new wave of PCs with integrated AI. Come to fall we want to get ahead of that because once they’re in the stores, I don’t think you’ll be able to buy Best Buy at a 5.3% yield, which it has right now. Because of AI, we should have the biggest PC refresh cycle in history, okay? Maybe even bigger than the ’90s, so I want that Best Buy exposure.”
Cramer’s early turnaround bet didn’t go far as Best Buy is only up 0.42%. Best Buy Co., Inc. (NYSE:BBY) is banking on a PC refresh cycle driven by AI adoption to revive sales and offset softness in consumer electronics demand.
9. HP Inc. (NYSE:HPQ)
Number of Hedge Fund Holders: 47
At the time, a viewer asked about HP Inc. (NYSE:HPQ), expressing concern that the stock wasn’t improving despite being near 52-week highs. Cramer gave a measured response, noting what he referred to as the “new AI PC cycle”:
“Well, it is straight up — it’s straight up from $28. They do have the new AI PC. I think it could probably sell off. I don’t know whether this is going to be the breakout quarter — but the next quarter will be the breakout. So I think if the stock goes down, then you want to pick some up. It’s not Dell — that’s the main thing you need to know. Dell is best integrated when it comes to Nvidia, and you’ve got to get right with Jensen.”
Cramer’s AI PC optimism didn’t hold up as HPQ is now down 14.30%. HP Inc. (NYSE:HPQ) is introducing AI-enhanced personal computers while facing headwinds from weak global PC demand and intense competition.
On April 28, Cramer completely changed his stance on the stock. Here’s what he said recently:
“It will not be the needle mover for HPQ, and I do not like the PC business. So I’m going to have to suggest that you do not buy that stock. If you look at how it’s done, it’s not been a good one.”
8. Celestica Inc. (NYSE:CLS)
Number of Hedge Fund Holders: 44
A caller asked about Celestica Inc. (NYSE:CLS), the hardware and electronics company that had recently staged a strong comeback. Cramer was enthusiastic about its performance and valuation:
“Oh my God, they’re terrific — they’re like Dell without any of the front office problems. It is just a great situation. What a comeback. It’s been kind of in the wilderness for a long time and now it’s back — and it’s still inexpensive.”
Cramer was absolutely right with Celestica climbing 115.77%. Celestica Inc. (NYSE:CLS) is benefiting from strong demand in advanced computing and aerospace, offering end-to-end supply chain and hardware solutions.
Following a recent dip, Cramer said that the stock is still inexpensive. Here are his comments from late February this year:
“It has come into its own in a way that I cannot believe it, and everyone’s piled in on it. And now, because of the fact that we got that downturn, you’re gonna get a chance to buy it. It sells at 22 times earnings. I want you to wait till it’s at 20 times earnings below the S&P and you can pull the trigger. I would probably put it at, I’d say $80.”
7. AMC Entertainment Holdings Inc. (NYSE:AMC)
Number of Hedge Fund Investors: 17
A caller said they bought shares of AMC Entertainment Holdings Inc. (NYSE:AMC) for under $3 and asked if they were “on a rocket ship to the moon.” Cramer advised a more cautious approach:
“I want you to sell — take your capital out and you can play with the house’s money for the rest. The balance sheet, even after the most recent sale of stock, is not good — and the box office numbers are horrendous. So take out your cash, let the rest run.”
Cramer was right as the stock is now back down below $3, recording a 36.99% decline since that episode. The American movie theatre chain AMC Entertainment Holdings Inc. (NYSE:AMC) is struggling with weak box office revenues and ongoing debt issues despite retail investor interest and volatility.
Cramer continues to advise his viewers to not buy the stock. Here are his latest comments from late April this year:
“The answer is that they should have reorganized by now and they haven’t. They have way too much debt. I want you to stay away from that one.”
6. Comfort Systems USA, Inc. (NYSE:FIX)
Number of Hedge Fund Holders: 50
A caller asked about Comfort Systems USA, Inc. (NYSE:FIX), a roll-up operator in the mechanical, electrical, and plumbing (MEP) space. Cramer showed clear approval:
“I like Comfort Systems — symbol FIX, I believe. And I like that company. HVAC is king.”
Cramer absolutely nailed this one with the stock gaining 42.61%. Comfort Systems USA, Inc. (NYSE:FIX) is thriving through strategic acquisitions in the HVAC and mechanical contracting space, riding infrastructure spending tailwinds.
Jim Cramer is still bullish on this thesis. Here’s what he said in early 2025:
“HVAC, whether it be Trane, whether it be Carrier, if you got HVAC, it’s the thing. I mean I know it’s weird because it’s very much like plastics in the movie The Graduate. But like if someone were to tell me right now, a young kid walked by and say, Jim, I’m thinking about going in the stock market. You know what I’d tell him? HVAC.”
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 212
In a deeply passionate older segment, Cramer delivered an extended tribute to NVIDIA Corporation (NASDAQ:NVDA), making it clear this was one of his most strongly held convictions. He criticized traders and reaffirmed the long-term vision:
“Heck of a day for Nvidia, my favorite stock, one I always say to own, not trade. Yet, I keep hearing about how to trade Nvidia. Should you go long or short the greatest artificial intelligence play of our time? One that’s already changing the world with its borderline miraculous semiconductors? Should we declare Victory sell the darn thing up here? Hey, maybe buy some more. […]
Nvidia is quite simply something much bigger than a semiconductor company. Much bigger than a platform. […] Nvidia is a cult. It’s the loom. It’s the steam engine. It’s the windmill. All wrapped up with an iPhone in a 2001: A Space Odyssey bow. […]
This is a company run by Jensen Huang. He’s a man I call Da Vinci because he is a visionary, a true modern-day renaissance man. He’s created a series of semiconductors that can be trained, and then can take a data set and infer pretty much everything that needs to be known. […]
Nvidia has become a fascination. Many of the people who own it have no idea what it does. […] If people took the time to learn the company — and it’s all there — they wouldn’t trade it. They wouldn’t own ETFs that encourage the whama-jama buying and selling. They would just prosper like my charitable trust does with the own it; don’t trade it mantra. If you’re going to own this stock, you must take the time to learn. You see, that’s really the secret. […]
So, what do you do with Nvidia now? I think you get another chance to buy it. But if you just want to trade it, don’t bother. Please. This is a company dedicated to the proposition that there’s a new Industrial Revolution — and it runs on Nvidia and it shouldn’t be traded. […]
I think it is headed much higher, which is why we own it for the charitable trust.”
Cramer’s unwavering belief in Nvidia proved correct with a 26.48% rally. NVIDIA Corporation (NASDAQ:NVDA) continues to dominate the AI hardware market with its industry-leading GPUs powering next-gen data centers and autonomous systems.
Undoubtedly Cramer remains a big fan of the semiconductor king. Here are his latest comments from May 21:
“[On Melius note highlighting 16 GW of new incremental AI compute build out] I loved this piece this morning cause it said that sovereign AI really matters. That the UAE really matters. David, the big project that you guys talked about with Larry Ellison. . . .that’s very good for NVIDIA. What I worry about Carl, is that he took on, the government. Very, very hard. Saying, look, we are doing the wrong thing in China. That we should get them basically, they used to be all built on us. Now it’s 50%, they’re [inaudible] to use second rate rather than us. We have to chane the rules and we have to go back to being the dominant player in China cause it’s good for our country. It’s very philosophical. I regard Jensen as right. . .he’s the best there is.”
4. DuPont de Nemours, Inc. (NYSE:DD)
Number of Hedge Fund Holders: 64
In an older segment, Cramer reacted to the announcement that DuPont de Nemours, Inc. (NYSE:DD) would split into three companies at the time. He was stunned the market didn’t react positively and gave his own view on it:
“Sometimes the market’s so wrong that it just takes your breath away. […] Ed Breen, the amazing CEO of DuPont, announced he’s splitting up the company into three separate companies so Wall Street will finally give these businesses the credit they’re worth. I figured the stock would open up four or five percent — and instead, it was down a dollar. […]
You’re getting a new DuPont that’s far less cyclical. It’s got health care, energy storage, safety and protection — all fantastic businesses. The breakup here is going to take 8 to 12 or even 24 months, but meanwhile, they can buy others, they can make a ton of money. […]
The water business is being valued at an incredibly low multiple versus comps like Xylem and Pentair. […] We come up with a sum-of-the-parts valuation of $100 for this $79 stock — and that’s conservative.
“Long story short: the market often makes mistakes — and ignoring the DuPont breakup is one for the books. […] What’s not to like? Let’s just say you have a chance to buy DuPont much, much lower than it deserves to be.”
Cramer misread the market’s reaction as DuPont slid 14.29% since the breakup announcement. DuPont de Nemours, Inc. (NYSE:DD) is undergoing a three-way breakup to unlock shareholder value across its electronics, water, and specialty materials divisions.
3. Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holders: 73
In an older segment of the show, Jim Cramer discussed Marvell Technology, Inc. (NASDAQ:MRVL) as an often-overlooked but critical player in the AI infrastructure buildout. At the time, investors were searching for stocks that could ride the artificial intelligence wave, and Cramer singled out Marvell as a potential breakout if certain trends reversed. He placed a bold bet, saying:
“Lots of people are trying to find proxies for AI, and Marvell Tech’s name keeps coming up. The semiconductor company that gives the equipment that connects Nvidia to the machines that devour computing power seems very interesting to me. And if the rest of the non-hyperscale business — a lot of it is just kind of plain old boring telecom — starts turning up? $100. Mark my words.”
Interesting prediction. Even though the stock did reach- and surpass the $100 mark by Cramer, it now fell back to $60, being down 19.10% since those comments. Marvell Technology, Inc. (NASDAQ:MRVL) provides semiconductor solutions essential to AI infrastructure, including data center interconnects and custom silicon.
Cramer appeared bullish ahead of its company’s most recent earnings report. Here’s what he said on May 23:
“Remember that also on Thursday night where there’s a lot of chatter about what Marvell Technology, MRVL, will report. Same with Dell. Both are integral parts of the data center, and there’s been a lot of speculation about how Marvell might miss the quarter while Dell will blow away the numbers. I’m not so sure that Marvell will disappoint. Matt Murphy’s a pretty good CEO, but I do expect Dell to be darn good.”
2. Cloudflare, Inc. (NYSE:NET)
Number of Hedge Fund Holders: 65
In an older episode, Jim Cramer brought up Cloudflare, Inc. (NYSE:NET), a company he admitted having a personal fondness for, as one that had fallen out of favor following a disappointing quarter at the time. He pinned the stock’s slump on weak messaging rather than fundamentals, and pointed to a potential comeback if leadership could change the narrative:
“Here’s one that I take personally because I like it so much, it’s Cloudflare. Can they make a comeback? It’s been down in the dumps ever since that last quarter. When CEO Matthew Prince gets in front of that podium from yesterday, I expect he can tell a better tale than he did when that quarter was reported. If he does, then I say you’ve got to own the stock ahead of the analyst meeting. It’s feeling real de-risked at these levels. I like it.”
Cramer’s call for a comeback was on point as Cloudflare exploded 114.67%. Cloudflare, Inc. (NYSE:NET) offers a globally distributed network that accelerates and secures internet traffic, increasingly integrating AI for better web performance.
1. SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 18
In that older episode, a caller asked about SoundHound AI, Inc. (NASDAQ:SOUN), which had received an investment from Nvidia back then but had failed to gain momentum since. Cramer downplayed the hype, saying:
“SoundHound — it comes over constantly in what we call the crawl, and it’s just because Nvidia put the money in. It has not meant anything. I am not going to start making a mountain out of this particular molehill.”
Cramer dismissed this one but it rallied hard with a 91.98% gain. SoundHound AI, Inc. (NASDAQ:SOUN) powers voice assistants and conversational AI across automotive, hospitality, and IoT sectors using proprietary speech recognition.
Cramer is clear that he doesn’t like stocks that don’t make money. Here’s what he said when asked about the stock on May 19:
“SoundHound, I gotta look at Professor Ben Stoto, the scientist. He and I often coagulate about SoundHound, there’s a new way to use a bad verb, and it’s not true. Here’s the deal, I think SoundHound is really, it’s not a thing of imagination. They could end up making money, but enough, enough with the SoundHound. Hey, look, I tolerate Palantir. How much can you ask from one person?”
While we acknowledge the potential of SOUN as an investment, 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 SOUN and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 AI Stocks on Analyst’s Radar Today and 10 AI Stocks on Wall Street’s Radar.
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