Jim Cramer Discusses These 10 Stocks & Says He’s In Waiting For AI GPU Spending Clarity

5. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q3 2024: 158

Apple Inc (NASDAQ:AAPL) is the most valuable company in the world. Cramer’s remarks for the firm this year revolved around the firm’s earnings report. The CNBC TV show host has stressed on multiple occasions that the firm was widely expected to miss its earnings estimates. Apple Inc (NASDAQ:AAPL)’s latest earnings report, released on January 30th, saw the firm post $124.30 billion in sales and $2.40 in earnings per share to beat analyst estimates of $124.12 billion and $2.35, respectively. The firm’s upbeat iPhone guidance also sent its shares soaring in the aftermarket. Here’s what Cramer said about Apple Inc (NASDAQ:AAPL) ahead of the earnings:

“Well first of all this is supposed to be a downside surprise. Who’s left to be surprised? I need to know who’s left to be surprised in this downside surprise. Second the forecast is supposed to be really terrible, okay. Third, China is supposed to be awful. The only guy who’s really doing well it’s selling higher end phones is this guy T-Mobile. So, Mike Sievert. So I come back and say, if everyone knows that something’s horrible, can it still be horrible?”