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Cramer: Buffett’s out of touch with IBM

A woman walks past the IBM logo
Sean Gallup | Getty Images

CNBC's Jim Cramer was surprised by Warren Buffett's remarks Monday about IBM.

Earlier in the day, Buffett told CNBC he did not think his investment in IBM was a mistake, but that he could be wrong.

"I find his comments oddly removed from what's going on at IBM," Cramer said on "Squawk on the Street. " "IBM is very much involved in this transformation to go towards cognitive, go towards … faster-growing revenue."

"I kept waiting for him to say 'I have great hopes for the company's cognitive portion; I have great hopes for [CEO Ginni] Rometty's strategy.'"

Buffett's Berkshire Hathaway holds an 8.59 percent stake on IBM, an investment that has lost $2.6 billion for Buffett's conglomerate as of Dec. 31.

"Instead, we know that there's also a component of IBM , which is about buying back stock and dividends, which a lot of that, I think, is to please this man," Cramer said.

Shares of IBM have fallen nearly 20 percent in the last 12 months. On Monday, the stock traded marginally lower.

Disclosure: Cramer's trust did not own IBM stock when this article was published.