Jim Cramer Discussed These 11 Stocks Before The DeepSeek Sell-Off

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders In Q3 2024: 279

Microsoft Corporation (NASDAQ:MSFT) is the world’s largest software company. It was one of the top-performing stocks in the early phases of the AI race due to its investment in and partnership with OpenAI. However, since its July 2024 peak, Microsoft Corporation (NASDAQ:MSFT)’s shares have lost 5.4% as investors sit on the sidelines to see the returns of its multi-billion dollar AI investments. The wariness hasn’t stopped Microsoft Corporation (NASDAQ:MSFT) from spending big bucks on AI, with CEO Satya Nadella sharing earlier this year that he ‘has the money’ for AI capital expenditure. Here’s what Cramer said:

“I’m saying that Microsoft is on its heels, I know that you’re okay it’s up a little but take a look at what Microsoft’s been year-over-year. Microsoft’s not been a winner. Oracle was the winner because they, you know, the White House.”