In this piece, we will look at the stocks Jim Cramer recently discussed.
In a fresh appearance on CNBC’s Squawk on the Street, Jim Cramer commented in quite a bit of detail on artificial intelligence and AI PCs. AI, the technology that has caught the investing world by storm, has two facets. The first covers enterprise computing with cloud computing services such as Azure and AWS offering businesses new AI tools for their tasks. The second is the consumer end, dominated primarily via chatbots and services like the Chinese firm DeepSeek’s R1 and OpenAI’s o1.
Another aspect of AI that received quite a lot of attention last year was AI PCs. These computers use hardware designed to run artificial intelligence workloads. This hardware includes graphics processing units (GPUs) and neural processing units (NPUs), which means that their price tag is often higher than a standard computer.
On top of Cramer’s mind was a recent Morgan Stanley consumer survey report which analyzed consumer sentiment with respect to a super-cycle in AI-enabled products. The bank revealed that just 15% of the 400 respondents bought some of the products primarily because they wanted to access AI. The bank added that 60% of respondents inadvertently bought an AI PC and more than 60% shared that they would not pay extra for AI products.
Commenting on the research, Cramer started by sharing “I think the AI hardware super cycle Morgan Stanley piece is perhaps the most damming piece I’ve read.” According to him, the research was striking “Because there’s absolutely no evidence of a super cycle whatsoever.” The CNBC host shifted towards enterprise AI use cases and was appreciative of them. “I mean I think AI is very good when you listen to what Jamie Dimon [inaudible] to say, that AI is very good when you listen to what Marc Benioff has to say,” he outlined.
However, while AI has impressed business users, Cramer admitted to being wrong about consumer demand for AI PCs. “But the PC, I thought we were all gonna upgrade. And now we’re all in wait-and-see mode,” he shared. Cramer added that those he knew who have bought an AI PC “haven’t used it or there’s a button there and it doesn’t work.”
Yet, even though consumer interest in AI PCs might be lackluster, Cramer is still an AI believer. He revealed that “I use it [ChatGPT] every day.” One ChatGPT use case he likes is comparing drugs. “And you start at ChatGPT. You really do. And it’s very authoritative and it tells you who to go to. And I think it’s extraordinary. It’s an extraordinarily good product,” according to Cramer.
In fact, Cramer’s “on ChatGPT maybe five times before I come down here. Ten times before I do Mad Money. There’s nothing I don’t run through. Because I don’t want to make a mistake.” However, he did add that while ChatGPT is great, this doesn’t mean “that it’s not hallucinating.” Yet, Cramer still suggests “. . anyone use it before they buy a stock. It’s that good.”
His praise for ChatGPT isn’t the first time that Cramer’s shared opinions on AI. In a recent CNBC morning appearance, he outlined some enterprise AI use cases. Cramer shared:
“Healthcare’s gonna be a very big, very big part of AI. David, it’s not yet. And we need that, well-meaning people who believe in the industry have to have what people who are more than just trying to figure out how to make it so there’s a call center that’s better.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired on January 23rd.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? 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 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
13. DuPont de Nemours, Inc. (NYSE:DD)
Number of Hedge Fund Holders In Q3 2024: 47
DuPont de Nemours, Inc. (NYSE:DD) is one of the largest chemical companies in the world. The firm’s stock remained flat in 2024 as it struggled with a broader industrial slowdown in the US and China. However, the shares didn’t close 2024 lower as DuPont de Nemours, Inc. (NYSE:DD) benefited from robust demand in the semiconductor industry due to AI. Its stock jumped by 6% in November after the Q3 report revealed a 13.4% jump in the electronics and business division. DuPont de Nemours, Inc. (NYSE:DD) is set to split into two firms, and Cramer commented on its earnings and the spin-off as he compared the firm to ailing industrial stock Honeywell:
“DuPont did not miss the quarter. It’s still not up. They were going to split into three, now they’re splitting into two, electric and chemicals and water.”
12. Honeywell International Inc. (NASDAQ:HON)
Number of Hedge Fund Holders In Q3 2024: 55
Honeywell International Inc. (NASDAQ:HON) is another American industrial conglomerate. The firm is currently facing pressure from activist investor Elliot Management as supply chain disruptions have led the firm to miss quarterly forecasts. Ahead of last year’s US Presidential Election, Honeywell International Inc. (NASDAQ:HON)’s shares were flat as the year ended. Since the election, they have gained a modest 6% as analysts and investors weigh the spin-off’s prospects. Here is what Cramer said:
“Honeywell, you’ve got this split that Elliot wanted.”
“When they report the quarter. Now the last two quarters have been misses. So we’re scaling out of it for the club. Because I still think that as much as the parts could be worth more than the whole, you miss a quarter, it’s bad.”
11. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders In Q3 2024: 68
The Procter & Gamble Company (NYSE:PG) is one of the largest consumer goods companies in the world. A slowdown in consumer spending driven by inflation has translated into modest share price performance for the firm as The Procter & Gamble Company (NYSE:PG)’s stock has gained just 5% over the past year. The firm has also struggled to compete with lower-cost products in China. However, The Procter & Gamble Company (NYSE:PG) has responded to these trends by expanding its presence in budget US markets by partnering with retailers such as Dollar Tree and Costco. Here is what Cramer said:
“If you don’t sell things in this country, you lower the price. Now Proctor had such superior products they didn’t have to. Proctor had a terrific, it was a really good good conference call.”
“And I, Proctor did say private label not that powerful [inaudible] that they have the best. But that was an outlier. That and United Airlines was an outlier.”
10. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders In Q3 2024: 76
The Walt Disney Company (NYSE:DIS) is one of Jim Cramer’s favorite stocks when we consider the number of times that he’s mentioned it this year. For Cramer, the firm’s future might not be so dim as it has managed to turn around its fledgling cable business and turned a profit with its streaming business. He also believes that The Walt Disney Company (NYSE:DIS)’s theme parks could see more traffic from Universal opening its theme park. Cramer’s latest remarks for the firm revolved around these aspects as well:
“Now Disney this morning, Goldman puts out a piece. Upside surprise expected. I thought it was . . .given the fires, given the fact that uh Milton, LA. [Disney land attendants not affected by the fire] No, and you know that there is a theory that when Universal opens its new park, people will actually go, that’s actually positive. Yeah positive. That is demonstrated. And linear there is not a drag. The linear they’ve managed to be able to salvage it. I don’t know. I think, I wish they hadn’t done the piece. Because my trust owns it and I was hoping for an upside surprise. But they’re borrowing the upside surprise which is not good.”
9. Union Pacific Corporation (NYSE:UNP)
Number of Hedge Fund Holders In Q3 2024: 78
Union Pacific Corporation (NYSE:UNP) is one of the largest railroad companies in America. As it transports industrial goods, the stock is dependent on industrial and business activity in America. As a result, the shares closed 2024 6.4% lower. However, Union Pacific Corporation (NYSE:UNP)’s fate appeared to turn around in January. Its shares soared by 5% in January after the firm’s Q4 profit of $2.96 per share beat analyst estimates of $2.78 as higher grain volumes and good intermodal performance helped the firm. However, while Union Pacific Corporation (NYSE:UNP)’s management shared during the call that it expects coal to decline, Cramer took the opposing view:
“Yes, let’s talk about the railroad. I mean it’s a gigantic railroad. Reported excellent numbers. Jim Vena is now running it. . . The operating ratio which of course you want to go lower was superb. And David I’ve got to tell you, they’ve got strong core pricing gains for industrials which I think is where you’re gonna do very well. Premium strength to, in international West Coast imports. This is really good and they, intermodal growth. I’ve got to tell you, this just may be one of the great reports. Now I’m gonna go a step too far. Alright. But the President is an old energy guy. West Virginia, Wyoming, Pennsylvania. The three biggest coal producers, Wyoming at the top, okay. Coal. I think coal’s gonna come back in fashion.”
“[When asked why?] Well those three states went for Trump. . .natural gas is, I think is going to five. And at that point they switch. Because there’s really coal all over the country and we’re going to export a lot. . . And by the way, coal was thirty percent of how we heated things in ten years ago and now it’s down to fifteen percent.”
8. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders In Q3 2024: 81
Johnson & Johnson (NYSE:JNJ) is a well-known global healthcare and pharmaceutical company. Its scale means that even though the firm has faced headwinds from a multi-billion dollar cancer lawsuit in 2024, it has managed to comfortably chug along by delivering through its cancer medicine business. However, Johnson & Johnson (NYSE:JNJ)’s medical device business struggled in 2024 as its Q1 2024 medical device sales of $7.82 billion missed analyst estimates of $7.88 billion. In Q3, Johnson & Johnson (NYSE:JNJ)’s cancer drug sales jumped by 19% worldwide. The firm maintained momentum in Q4 as its midpoint 2025 sales guidance of $91.3 billion beat analyst estimates of $90.98 billion. Cramer believes that the market is treating Johnson & Johnson (NYSE:JNJ)’s stock unfairly:
“Now JNJ, people were bummed. I wasn’t as bummed as people. The other people, but I think we get some rollbacks.”
7. GE Aerospace (NYSE:GE)
Number of Hedge Fund Holders In Q3 2024: 95
GE Aerospace (NYSE:GE) is a newly formed company that emerged as a spin-off from General Electric last year Since then, its shares have gained 44% and led to a growing interest among investors for spin-offs in similar industrial conglomerates. During this time period, GE Aerospace (NYSE:GE) has struggled from its jet engine supply chain problems but benefited from Boeing’s production woes which have stimulated demand for refurbished products. However, slow engine deliveries nevertheless led to GE Aerospace (NYSE:GE)’s stock tumbling by 9% in October after it shared that engine deliveries would drop by 10% in 2024. Here are Cramer’s latest remarks for the firm:
“I talked to Larry Colt today and I was so glad. Larry’s the CEO. There’s not a problem with supply chain. The orders are amazing. David just the repair, replace, the kind of grit work they do called service is extraordinary. It didn’t go up last time because people were worried about supply chain and that’s over. Tour de force, Larry Colt, tour de force.”
“[on 2025 expectations of double digit EPS and revenue growth and with greater than a hundred percent free cash flow] Isn’t that fantastic? It’s a battle between GE Aerospace and GE Vernova about whose doing better!”
6. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders In Q3 2024: 116
Salesforce, Inc. (NYSE:CRM) is one of the largest customer relationship management software-as-a-service (SaaS) providers in the world. While its shares struggled in the initial phase of the AI wave as investors were worried about AI’s ability to dent CRM business models, they are now up by 27% over the past six months. The newfound optimism is primarily due to Salesforce, Inc. (NYSE:CRM)’s Agentforce AI platform impressing investors and making inroads with businesses. The firm announced in December that it had signed more than a thousand Agentforce deals, and Cramer’s remarks also revolved around the AI products:
“And because I think Benioff’s right. By the way, Benioff’s Agentforce, we got a comment today. That it’s going to add I don’t know if you saw that with Goldman, that it’s going to add about two percent to their numbers [top line revenue]. Yeah, and there’s, remember there’s twelve commercials with Matthew McConaughey. . . .But I think that these ads are working, my sources say. And not only that, but let’s go a step further. There was a double downgrade of Veeva today by Goldman. I think Marc Benioff is targeting Veeva. Which is a, vertical, healthcare vertical. And Agentforce works perfectly for it.”
5. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders In Q3 2024: 121
Netflix, Inc. (NASDAQ:NFLX) is the global leader in online streaming. 2024 has been a great year for the firm as it has seen increased popularity among users by hosting events such as Mike Tyson’s return to the boxing ring. Netflix, Inc. (NASDAQ:NFLX)’s dominance in streaming has placed traditional cable networks on the back foot and forced them to incur billions in write-down losses. 2025 is also shaping up to be a great year for Netflix, Inc. (NASDAQ:NFLX) as the stock is up by 10% year-to-date. Its shares touched a record high this month as the firm’s Q4 results saw its $4.27 in earnings per share beat estimates of $4.20. Additionally, Netflix, Inc. (NASDAQ:NFLX)’s decision to hike prices also helped the stock. Here is what Cramer said:
“The content, that’s what the call was about. It was the content. And engagement. If you’re upgrade engagement, it’s from this great content. And it doesn’t matter what country it’s from. This is indicative of a network so to speak that is not distracted by problems involving linear. I mean I read their conference call for two reasons. First I read it because I want to know the numbers. The second I furiously write everything down so I can watch it. It is the most entertaining of all conference calls. It is joyful. The amount of people who want to watch it, the fact that they’re only ten percent of the world. They do expect that everyone in the world will watch it. David, I find that the Netflix story is a story of brain over brawn.”
“How can they . . . add up everybody else. How can they still be so far ahead? How is that possible? Don’t the other guys have anything. . . don’t they know anything that they have some, some idea what America wants?”
4. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q3 2024: 158
Apple Inc. (NASDAQ:AAPL)’s shares have not seen much love from investors in 2025. Wall Street doesn’t believe that the firm’s consumer AI initiatives are attracting consumers and multiple reports have claimed that its flagship iPhone is struggling in China. Cramer has discussed Apple Inc. (NASDAQ:AAPL)’s stock several times this year. He believes that investors focus too much on the iPhone with regard to the firm’s hypothesis and holds the opinion that the commonly held belief of Apple Inc. (NASDAQ:AAPL) missing upcoming earnings means that the miss won’t be a surprise. Here are his latest remarks:
“Another guy, the Goldman guy, said look, I’m below the consensus. Well you know what the consensus is full of Apple. It doesn’t matter anymore. The consensus is, like why don’t we just get the consensus to move so when it disappoints, it doesn’t disappoint as badly. And remember, what people always talk about, it’s not this quarter. It’s the ‘estimate cut that I know that nobody else knows.’ Everyone knows that there’s going to be an estimate cut.”
“Well there was some stupid, there were some seriously stupid buyers who took it up way beyond where it should be. I don’t know what they’re thinking. But they’re losers. And that’s okay.”
3. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q3 2024: 193
NVIDIA Corporation (NASDAQ:NVDA) is Wall Street’s favorite AI GPU stock. It’s also a regular feature of Cramer’s morning shows. Throughout the year, Cramer has praised the firm’s announcements at the CES conference in Vegas and hit back against its detractors. The CNBC host has dismissed reports that NVIDIA Corporation (NASDAQ:NVDA) is struggling with its Blackwell GPU shipments. More recently, he also dismissed speculation that linked weak performance by Korean memory maker SK hynix to slow demand for NVIDIA Corporation (NASDAQ:NVDA)’s AI GPUs. Here are his full remarks:
“And we have to stay close to that. I think that, I know David likes me to opine in the first minute and half about NVIDIA. There’s a company, let’s get this straight. SK hynix. They do DRAM, they do NAND. They’ve got high bandwidth. And they were saying that NAND was weaker, and they’re saying that DRAM is weaker, and not high bandwidth. But it doesn’t matter. People decided. The long knives are out again for NVIDIA. . . .that’s leading the NASDAQ down, not Apple, for once.”
“Right, look I think that the stocks reflect the full bore 100 bil. My problem is that no really coming near that when they talk about the money that they have! So, it may be chimerical, but it’s going in the right direction. And I think that in terms of stocks, instead of just talking in terms like oligarchs, the main thing that people are talking about is that China has reverted to a conversation of no give without a get. We’ll give you some NVIDIA chips if you send us, if you buy some of our soy. It’s that. And that’s why NVIDIA should go up and not down because of this SK hynix. I mean when SK hynix came out, NVIDIA immediately went down three. And that’s so knee-jerk because SK hynix has a lot of different products. We know that they were called NVIDIA’s man in the room basically and that’s not true. Because if you go to Sanjay Mehrotra, he would tell you no, we’re the high bandwidth and their high bandwidth numbers were very good. Um, I come back and say, I like to look at how NVIDIA is doing when I look at NVIDIA. And NVIDIA’s doing fabulously. And that’s what people should do. And stop making these analogs. Stop doing what they did with Apple. Own NVIDIA.”
“I don’t think the President is going to go with that last-minute 18 friends that NVIDIA can do business with. Again, he’s transactionary.”
2. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q3 2024: 235
Meta Platforms, Inc. (NASDAQ:META) is a social media giant that is also playing a key role in the AI industry. Unlike other mega AI players like Google and Amazon, its Facebook and Instagram social media platforms allow the firm to target users and advertisers with AI-based products and services. Cramer’s remarks for Meta Platforms, Inc. (NASDAQ:META) so far this year have revolved around its CEO Mark Zuckerberg’s appearance on Joe Rogan’s podcast and Zuckerberg’s relationship with Donald Trump. This time around, he focused on Meta Platforms, Inc. (NASDAQ:META)’s cost-cutting initiatives and its potential to benefit from America’s TikTok ban:
“Got a fabulous piece this morning from BofA about Meta Platforms. 2025 [inaudible] outlook. I’ve got to tell you. You wanna own this stock, new AI capabilities, capex, return on investment really terrific. And first time I’m finally seeing it, look, potential for spend shift from TikTok disruption. I think they are gonna be the big winner if it’s shut down. Or if the President owns it with another entity. They are using AI to be able to develop fabulous ad packages. And I think that if you want to build your business right now, Instagram, never been better. Individuals who want to live their dream, go to Instagram. Start it. Start your business, you’ll do well.”
“[on incentivizing creators to migrate due to TikTok ban] Well I think that’s good plus it’s another year of efficiency. I think Meta’s going to blow it away, because they are the most sophisticated when it comes to how they do an ad. And that’s what you really want. And you can, you can cutout the middleman here. Zuckerberg, they designed the ad campaign. They’re keeping the people who are the biggest developers and the best and they’re the ones. Now I don’t have the Oakleys, I have the Ray-Bans, they’re fabulous. And I know that’s just an asterisk but wow. So maybe he’s allowed to go on Rogan and talk about Taekwondo or whatever I mean. When you go over those numbers you can hunt all you want on my property. I’ll let you kill anything.”
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders In Q3 2024: 279
Microsoft Corporation (NASDAQ:MSFT) is the world’s largest software company which has generated quite a bit of interest in 2025. President Trump’s $500 billion Stargate AI announcement generated speculation that perhaps Microsoft Corporation (NASDAQ:MSFT) and OpenAI were not so close anymore. It didn’t skip Cramer’s attention either as he gushed about Oracle’s newfound role in the AI food chain and its growing ties with OpenAI. Cramer’s latest comments about Microsoft Corporation (NASDAQ:MSFT) surrounded the much-hyped AI PCs:
“Well I mean look Microsoft I think is actually under pressure. I think that they’ve got, they’re being attacked on the clippy two comment by Marc Benioff. This morning, the kiss of death, I saw a piece about the super cycle for the AI PC. We know that super cycle [inaudible], there was a coal super cycle, there was this fracking super cycle. And when you see super cycle that means you’re dead. I think AI PC so far is dead and that refers to Microsoft where, where is that David? The AI PC?”
“Well, it’s gonna matter very much to that company’s numbers. Because Microsoft, you mentioned, Apple underperforming. Microsoft hasn’t exactly exhibited. . . .”
“Look, have you talked to anyone who has an AI PC who says wow! You oughta see what I have.”
MSFT is a stock Jim Cramer recently talked about. While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MSFT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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