On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Joby Aviation Inc (NYSE:JOBY) for its "terrific spec," and the US federal government is investing in drones. The stock has almost doubled in value this month, after reporting its first-quarter results on May 5. 

When asked about QXO Inc (NYSE:QXO), he said, “We have a new Fed chief and I think interest rates have peaked." He recommended buying the stock.

He said he doesn't have expertise on EchoStar Corp (NASDAQ:SATS)

Cramer added that MNTN Inc (NYSE:MNTN) represented "valuable property," but that he had been "dead wrong on it."  

He said Sellas Life Sciences Group Inc's (NASDAQ:SLS) stock had risen sharply. "It's a great spec and even though it is up…I'm going to say two thumbs up."

Cramer pointed out that Nokia (NYSE:NOK) is investing in AI and that's what people are "going crazy" about. The company has the 6G AI. "People who are very smart tell me to buy it."

About Strategy Inc (NASDAQ:MSTR), Cramer said that he was a "huge believer in crypto," but that he liked the "actual". He said he could only recommend Bitcoin and that it is a "good buy" for the long term.

Cramer said that GE Aerospace (NYSE:GE) CEO Lawrence (Larry) Culp had done "a remarkable job." He recommended to buy the stock.

Price Action:

  • QXO shares were up 1.61% at $17.68.
  • EchoStar's shares rallied over 7% to settle at $131.07 on Thursday.
  • MNTN's stock has trading higher by 1.32% at $8.97 on Thursday.
  • Shares of Sellas Life Sciences had risen almost 7% during the session.
  • Strategy shares were down 1.66% at $151.64.
  • GE Aerospace shares rose by 1.14% to close at $320.82 on Thursday.