CNBC's Jim Cramer said this week that despite growing safety concerns raised by Anthropic CEO Dario Amodei, he expects AI investment to keep accelerating because companies like Anthropic and OpenAI are generating too much revenue to slow down. After conversations with executives at Salesforce's Dreamforce conference, Cramer said he remains bullish on data center component makers and cybersecurity firms like Palo Alto Networks, Okta and CrowdStrike.
During the CNBC Investing Club's September meeting, Jim Cramer and Jeff Marks reviewed all 33 portfolio holdings and highlighted six favorite stocks to buy as the club becomes more selective on AI-related exposure. The picks include Kimberly Clark, Bank of New York, Intel, Micron and Meta, with commentary also touching on lessons from the club's recent Corning exit.
Jim Cramer said on 'Mad Money' that despite rising oil prices hitting retail, staples and discretionary stocks like Comcast, Procter & Gamble and Stanley Black & Decker, he remains optimistic about the broader market. All three major indexes fell for a third straight session, but Cramer pointed to strong AI-related semiconductor stocks, resilient bank shares, and the potential for oil prices to ease as reasons for his continued confidence.
Jim Cramer said on 'Mad Money' that markets are overly fixated on AI data-center stocks, urging investors to diversify. He cited GE Aerospace's nearly $12 billion acquisition of Consolidated Precision Products as a boon for Boeing's supply chain, and praised fintech names Robinhood and Affirm along with healthcare firms Hinge Health and Medtronic as overlooked opportunities.
Intel shares surged 9% Tuesday, pushing above the $95 level from its recent equity offering, after reports that the company plans to raise CPU prices in October and news that its foundry business is advancing High NA EUV lithography with over 1 million wafers processed. CNBC's Jim Cramer included Intel among his six top stock picks, while comments from President Trump over the weekend eased worries that the government might soon sell its 10% stake in the company.
Jim Cramer told CNBC viewers that most of the Magnificent Seven tech stocks—Amazon, Alphabet, Meta, Microsoft, Tesla and Nvidia—have underperformed the S&P 500 this year and now trade at unusually cheap valuations. He argued the group's earnings multiples have fallen out of step with their growth prospects, particularly Amazon, which he says is poised to benefit from heavy AI infrastructure spending under CEO Andy Jassy.
Jim Cramer said quarterly results from Nvidia and Salesforce released Wednesday evening dismantled two prevailing bearish narratives on Wall Street, driving Salesforce shares up 22% and Nvidia shares up 8% on Thursday. Salesforce posted its fastest sales growth in four years, low customer attrition, and doubled AI bundle bookings, while its new Claudeforce partnership with Anthropic countered fears that AI would erode software subscriptions. Cramer noted Nvidia's report similarly addressed worries about slowing hyperscaler demand, custom-chip competition, GPU depreciation and delays to its Vera Rubin platform.
CrowdStrike reported record net-new annual recurring revenue of $333 million for its fiscal Q2, up 51% year-over-year and $45 million above guidance, driven by AI-related demand. The company also raised its full-year revenue growth forecast, citing a record pipeline, sending shares up more than 17% and boosting rival Palo Alto Networks by over 10%.
Jim Cramer said Meta's $18 billion settlement with attorneys general over youth social media addiction claims is a favorable outcome for the company, ending a federal trial that could have exposed Meta to $200 billion in fines. Under the deal with 48 states, D.C., and three territories, Meta agreed to daily time limits, better parental controls, age-verification tools, and fewer notifications during school hours for young users.
On his CNBC Investing Club Morning Meeting, Jim Cramer discussed Apple's newly unveiled Mac Mini and Mac Studio, which feature upgraded chips for better AI performance. The new Mac Mini now starts at $899, a $100 increase reflecting higher memory and storage costs passed on to consumers.
Jim Cramer said on 'Mad Money' that rising political and community pushback over electricity and water use is slowing the unrestrained buildout of data centers, citing tighter demands from officials in Pennsylvania and Texas. He argued this won't kill the data center trade but will make smaller speculative developers and suppliers like GE Vernova, Micron, Sandisk, Western Digital and Seagate less attractive to investors at premium valuations.
Meta Platforms faces a federal trial in Oakland brought by 29 state attorneys general over allegations it designed addictive features harming children, a case that could drag on for years and result in massive damages. Despite the stock falling 26% in 2026 amid this litigation and AI spending worries, Jim Cramer and Bank of America argue the selloff is overdone. BofA reiterated its buy rating and $810 price target, citing Meta's AI infrastructure buildout and a valuation of about 16 times 2027 earnings estimates.
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