5 Growth Stocks Jim Cramer is Talking About

In this article, we will take a look at the 5 growth stocks Jim Cramer is talking about. If you want to explore similar stocks, you can go to 10 Growth Stocks Jim Cramer is Talking About.

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 97

Jim Cramer talked about Advanced Micro Devices, Inc. (NASDAQ:AMD) with one of his callers during a lightning round. Cramer said that Advanced Micro Devices, Inc. (NASDAQ:AMD) has been a long-time holding for his charitable trust, however, he does not expect the company to report a strong quarter. Cramer attributed weakness in data centers and PCs to be the main reason for the company having a weak quarter, though “gaming is going to be okay”. Regardless, Cramer likes the company’s management and semiconductors as a whole.

On April 11, KeyBanc analyst John Vinh raised his price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $110 from $95 and maintained an Overweight rating on the shares.

Advanced Micro Devices, Inc. (NASDAQ:AMD) was a part of 97 investors’ portfolios at the close of Q4 2022. These funds held collective stakes worth $5.7 billion in the company. As of December 31, Citadel Investment Group is the top investor in the company and holds a position worth $424.7 million.

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 106

NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s top growth stock picks right now. He has spoken about the stock multiple times in recent days. Cramer said that he has “loved NVIDIA Corporation (NASDAQ:NVDA) for ages” and that right now the stock is “the definition of unstoppable”.

This April, KeyBanc raised his price target on NVIDIA Corporation (NASDAQ:NVDA) to $320 from $280 and maintained an Overweight rating on the shares. Shares of NVIDIA Corporation (NASDAQ:NVDA) have rallied 129.58% over the past 6 months, as of April 18.

At the end of Q4 2022, 106 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA) and disclosed positions worth $6 billion in the company. Of those, Matrix Capital Management was the leading investor in the company and disclosed a position worth $741 million.

Here is what ClearBridge Investments had to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2022 investor letter:

“Promoting diversification and managing risk continue to guide our transaction activity, with a focus on the earnings trajectory of existing and potential holdings leading to our most recent moves. We are directing our research efforts to identifying names that are closer to the bottom than the top in terms of earnings and valuations, adding to our positions in ASML, the leading supplier of high-end production equipment to chip makers, and NVIDIA Corporation (NASDAQ:NVDA), whose valuation has washed out due to weakness in gaming and crypto mining as well as slowing enterprise spending.”

3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 117

Cramer likes Salesforce, Inc. (NYSE:CRM) and thinks that the company is a “customer relationship management kingpin”. As of April 18, Salesforce, Inc. (NYSE:CRM) has gone up by 29.17% over the past 6 months.

On March 2, BMO Capital analyst Keith Bachman raised his price target on Salesforce, Inc. (NYSE:CRM) to $230 from $185 and maintained an Outperform rating on the shares.

At the close of the fourth quarter of 2022, 117 hedge funds were eager on Salesforce, Inc. (NYSE:CRM) and held positions worth $8.3 billion in the company. Of those, Harris Associates was the most prominent shareholder in the company and disclosed a position worth $1 billion.

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Jim Cramer likes Apple Inc. (NASDAQ:AAPL) and the stock is one of his top growth stock picks right now. Cramer thinks that “the reason that Apple’s (NASDAQ:AAPL) stock keeps going higher is because the bears have run out of ammunition”. As of April 18, Apple Inc. (NASDAQ:AAPL) has returned 15.72% to investors over the past 6 months.

This April, Wedbush reiterated an Outperform rating and its $205 price target on Apple Inc. (NASDAQ:AAPL).

Apple Inc. (NASDAQ:AAPL) was spotted on 135 hedge funds’ portfolios at the close of Q4 2022. These funds held collective positions worth $136 billion in the company. As of December 31, Berkshire Hathaway is the largest stockholder in the company and disclosed a position worth $116 billion.

1. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 194

Jim Cramer has been talking about Meta Platforms, Inc. (NASDAQ:META) recently. He likes the stock because of the company’s recent cost-cutting measures and also because Mark Zuckerberg “has managed to beef up his TikTok killer reels” at the optimal time when its competitor TikTok is under pressure from U.S. lawmakers. Meta Platforms, Inc. (NASDAQ:META) is one of Jim Cramer’s top growth stock picks.

This April, TD Cowen analyst John Blackledge raised his price target on Meta Platforms, Inc. (NASDAQ:META) to $195 from $190 and maintained an Outperform rating on the shares.

194 hedge funds disclosed having stakes in Meta Platforms, Inc. (NASDAQ:META) at the close of the fourth quarter of 2022. The total value of these stakes amounted to $15.5 billion. As of December 31, Eagle Capital Management is the dominant investor in the company and has a stake worth $1 billion.

Renaissance Investment Management made the following comment about Meta Platforms, Inc. (NASDAQ:META) in its Q4 2022 investor letter:

“Lastly, Meta Platforms, Inc. (NASDAQ:META) declined for the quarter after reporting disappointing earnings and guidance. The company’s plan to accelerate operating expenses and capital investments despite a slowdown in the digital advertising market was not well received by investors. However, the stock pared losses in the second half of the quarter after management reversed course and announced a reduction in operating expenses for 2023 along with substantial headcount reductions.”

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