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.
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