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CNBC’s Jim Cramer expressed strong buying conviction for Netflix Inc. (NASDAQ:NFLX) during Wednesday’s Lightning Round on “Mad Money,” as the streaming giant’s shares traded near $934 amid broader tech market strength.

What Happened: Cramer’s recommendation comes as JPMorgan analyst Doug Anmuth raised his price target on Netflix to $1,010 from $850, citing robust subscriber growth and expanding ad revenue.

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The platform recently achieved a milestone with its Jake Paul vs. Mike Tyson boxing match, which became the most-streamed sporting event ever with 60 million households watching live.

Netflix’s ad-supported tier has reached 70 million monthly active users and is projected to hit 120 million by late 2025. The company is expected to add 10 million subscribers in the fourth quarter, according to JPMorgan’s estimates.

See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.

During the same Lightning Round, Cramer also endorsed Advanced Micro Devices Inc. (NASDAQ:AMD), calling it “cheap” despite lagging behind NVIDIA Corp. (NASDAQ:NVDA). He expressed cautious optimism about Johnson & Johnson (NYSE:JNJ) “even with the talc litigation,” while showing less enthusiasm for JD.com Inc. (NASDAQ:JD), which he described as “too much of a stretch.”

Why It Matters: The endorsement came during a historic day for tech stocks, as the Nasdaq Composite surpassed 20,000 points for the first time, closing at 20,034, marking a 1.77% gain.

The stock picks came as the S&P 500 rose 0.82% to 6,084, though the Dow Jones Industrial Average declined by 99.27 points to 44,148.

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