Jim Cramer Says I’m With Trump & Discusses These 12 Stocks

5. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders In Q4 2024: 107

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese technology and eCommerce giant. A key player in the country’s technology and AI ecosystem, it made headlines during the week after co-founder and chairman Joe Tsai remarked that market expectations about AI might be significantly inflated. Cramer, who is one of AI’s biggest proponents based on his interactions with NVIDIA CEO Jensen Huang, had a lot to say on the matter:

“People, talking about a bubble. Uh, they did DeepSeek out of China. Talked about, they’re way ahead of us. This is the way Sputnik went in the period where we were in a cold war. And it always turned out like they were saying things and they really weren’t. . .right, they were trying to steer us wrong. I think Joe Tsai is a great guy. And, this surprised me. He should go a data center, he should speak to NVIDIA, he should go speak to Michael Dell. You would realize that there is as, Jensen’s told me, a hundred time more power than we need versus last year. A hundred times. So I mean, and remember, we’re gonna have robots. And robots need a huge amount of compute.”

“I think just. . .they don’t get it. They don’t get what they’re doing and they say things that in retrospect are a little more reckless. And they don’t help the cause. And now people here might say, the reaction might be this is something the government would want. I don’t think, I think Joe Tsai’s an independent guy but the government wants to hear that, in America, that we should do less. That there’s a bubble. But these companies are all struggling. To beat each other. Now there’s only a couple that do it. Others will fall by the wayside. But this is not unlike what happened in our country. We ended up with Amazon, we ended up with Google. You know you don’t want to be America Online. That’s what this is about. It’s about America Online. And why does Joe Tsai not see that? Because Joe Tsai’s not here. It’s AOL. And it’s just incredible to me how important it is to be number one. And Jensen has taught me this. He’s schooled me on this.”

“I went to a data center last week. Eighth wonder of the world. And they need like five times more and then you have to have more compute, and you have to, they’re in Las Vegas because it doesn’t have any, uh, water problems and no earthquake. And you go there and you realize, well there’s CoreWeave. And you wanna say, I wanna own shares of the CoreWeave deal. Because they are so integral to what everybody is doing. Particularly you know chat.”

“I was so skeptical. And the people I talked to, both on and off the record, if Joe Tsai were there, Joe Tsai would say, you know what, I gotta take that back. Let me take that back.”