Jim Cramer Is Bullish on These 5 Stocks Amid Nvidia Controversy Fahad Saleem Thu, November 12, 2026 at 9:45 AM EST 8 min read NVDA -6.02% AMZN +1.28% MSFT +0.74% AAPL +0.66% CRM -1.41% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
After years of unconditionally backing Jensen Huang and Nvidia (NASDAQ), Jim Cramer's confidence in the chipmaker has been shaken by the controversy surrounding its chief executive. And the reasons are understandable.
Cramer's investment thesis on Nvidia has always been closely tied to Huang's leadership. The CNBC host has repeatedly praised Huang as a visionary capable of transforming entire industries through artificial intelligence. He believed so strongly in Nvidia that he even named his dog after the company in 2017.
But with Huang's future now uncertain following allegations involving a suspected Chinese spy, Cramer's longtime conviction is facing a serious test. The controversy has raised questions about Huang's reputation and whether he can continue leading the company.
Cramer recently downgraded Nvidia from a buy to a hold, citing uncertainty surrounding the investigation.
Billionaires Ray Dalio and Philippe Laffont both trimmed their Nvidia stakes in the second quarter, even before this controversy began. See which AI stocks they still own.
That doesn't mean Cramer has turned bearish on the entire stock market (see what Cramer was buying last week).
While the Nvidia controversy and concerns about massive AI infrastructure spending have made him increasingly cautious, Cramer believes there are still plenty of attractive investment opportunities elsewhere.
During the recent CNBC Investing Club's annual meeting, Cramer and portfolio director Jeff Marks reviewed over 30 stocks in the Club's portfolio, identifying several companies they remain bullish on. Cramer has also continued to highlight investment opportunities outside the increasingly volatile AI trade.
Against this backdrop, we take a look at 10 stocks Jim Cramer is bullish on, ranked by the number of hedge funds holding stakes in them at the end of the second quarter of 2026.
Before this controversy, two well-known billionaires were backing Nvidia as an AI stock. See who they are.
You can click to read our full list on Jim Cramer Is Bullish on These 10 Stocks Amid Nvidia Controversy. The top 5 stocks from that list are mentioned below.
To pick the stocks, we went through CNBC's coverage of Jim Cramer's latest stock picks, mainly the reports on his CNBC Investing Club annual meeting. From that coverage, we selected 5 stocks that Cramer is bullish on. We then ranked them by the number of hedge funds holding stakes in each one at the end of the second quarter of 2026, using Insider Monkey's database of 1,000+ hedge funds.
Why are we interested in the stocks that hedge funds pile into? 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. Insider Monkey's quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 612% since May 2014, beating its benchmark by 375 percentage points (see more details here).
You can see the top 5 stocks Jim Cramer is bullish on these days in our video by clicking the image below.
Number of Hedge Fund Holders: 94
Wells Fargo & Company (NYSE:WFC) is another banking stock Cramer remains optimistic about. In the Nov. 6 CNBC Investing Club review, Cramer and his team highlighted the removal of Wells Fargo's asset cap as an important development for the bank's long-term growth prospects.
The Club praised CEO Charlie Scharf for improving operations and investing in businesses that generate fee-based revenue, including investment banking.
Cramer's team also considered Wells Fargo shares attractively valued and expressed optimism about the company's prospects heading into 2027.
Although the Investing Club did not issue an immediate buy recommendation, its commentary reflected a positive long-term view of the bank's transformation and earnings potential. Goldman Sachs added Wells Fargo to its US Conviction List in July and said the bank is moving from defense to offense. Read Goldman's view here.
Number of Hedge Fund Holders: 99
Salesforce, Inc. (NYSE:CRM) is one of the enterprise software companies Jim Cramer continues to favor despite growing investor concerns about AI potentially disrupting traditional software businesses.
During the Nov. 6 portfolio review, Cramer and his team expressed confidence in Salesforce's strategy of working with leading artificial intelligence developers.
It's not clear how long Cramer can stay bullish on Salesforce (NYSE:CRM). The AI onslaught is taking a direct jab at Salesforce's business. Microsoft and Alphabet are a growing threat because they spend far more on research and development and run their own clouds. Smaller players such as Palantir and HubSpot are also growing faster than Salesforce. Over the past five years, Salesforce's share of the CRM software market has dropped to 20% from 24%.
Salesforce's profit margins also face pressure because the company does not own a cloud. It rents computing power from Amazon Web Services, Microsoft Azure and Google Cloud. Salesforce is moving from charging per user seat to charging for AI usage. As that happens, it will pay more to these cloud providers, which could push its gross margin lower. The same cloud giants also compete with Salesforce, so it has little room to raise prices.
Antipodes Global Fund said in its third-quarter 2026 investor letter that the growth of Agentforce, Salesforce's AI agent platform, is strengthening the company's AI story. Check the full letter here.
Number of Hedge Fund Holders: 169
Apple Inc. (NASDAQ:AAPL) remains one of Jim Cramer's favored long-term investments, even as concerns about artificial intelligence spending have unsettled parts of the technology sector.
During the Nov. 6 CNBC Investing Club review, Cramer and his team reiterated their conviction in Apple as a stock investors should hold for the long term rather than attempt to trade around short-term market fluctuations.
The Club said Apple enjoys a notable advantage in the AI race because it can incorporate technology developed by partners such as Alphabet into its products without committing the same enormous sums to building data centers.
What Cramer is saying actually forms the basis of Apple's bull case. Apple (NASDAQ:AAPL) has found a low-cost way to compete in AI. It partnered with Alphabet to use the Gemini model to power its new Siri, so it does not need to build massive data centers of its own. Microsoft, Alphabet, Amazon and Meta are spending huge sums on AI infrastructure every year, while Apple keeps its spending low and protects its cash.
The new Siri also makes the iPhone harder to leave. It pulls details from users' messages, emails and photos to give more personal answers. The longer people use it, the more it learns about them, and switching to another phone would mean losing that history. Apple also has a new way to make money from AI. Basic AI features are free today, but management has confirmed that paid tiers are coming.
Billionaire Ken Fisher shares Cramer's long-term view on Apple. Find out if you should buy the stock.
Number of Hedge Fund Holders: 273
Microsoft Corporation (NASDAQ:MSFT) remains one of Jim Cramer's preferred technology stocks as investors increasingly scrutinize the enormous sums being spent on artificial intelligence infrastructure.
In the Nov. 6 CNBC Investing Club portfolio review, Cramer and his team praised Microsoft's financial discipline and its ability to maintain positive free cash flow despite substantial investment in AI and cloud computing.
Cramer believes a slowdown in data center development could benefit Microsoft Corporation (NASDAQ) by reducing construction costs and easing pressure on capital spending.
Microsoft already operates extensive data center infrastructure, giving it an advantage over smaller competitors that depend on new construction to expand their businesses.
A slower pace of development could also reduce pressure on capital spending and improve free cash flow, strengthening Microsoft's position amid growing concerns about the sustainability of massive AI investments.
Cramer's bullish view centers on Microsoft's ability to continue benefiting from AI adoption while maintaining a financially resilient business. Microsoft is also a top AI pick of billionaire Ken Fisher, even though the stock barely moved over the past year. Click to read our full analysis.
Number of Hedge Fund Holders: 369
Amazon.com, Inc. (NASDAQ:AMZN) is one of Jim Cramer's latest explicit stock recommendations amid concerns about slowing data center development.
In a Nov. 9 CNBC commentary, Cramer said a slowdown in the construction of new data centers could actually benefit established cloud computing companies such as Amazon and Microsoft.
Why? Cramer believes companies with extensive existing infrastructure would be better positioned than smaller competitors whose growth depends on continued construction and financing.
Cramer specifically recommended Amazon shares and discussed the possibility of the stock reaching $300, representing nearly 10% upside from its trading level at the time.
The bullish recommendation followed the CNBC Investing Club's Nov. 6 portfolio review, in which Cramer and Marks expressed confidence in Amazon's latest quarterly performance. Amazon is also one of the four stocks that both President Trump and Nancy Pelosi bought. See the other three picks.
Before its latest earnings report, Amazon was the top AI stock pick shared by Cramer and billionaire Ken Fisher. Read our full take on the stock.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Click to continue reading and see the expanded list of Jim Cramer Is Bullish on These 10 Stocks Amid Nvidia Controversy.
This article is originally published at Insider Monkey.
