12 Stocks Jim Cramer Was Right About

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5. Ouster, Inc. (NYSE:OUST)

Number of Hedge Fund Holders: 15

Back in 2024, on May 16, a caller on the Mad Money show asked about Ouster, Inc. (NYSE:OUST), a lidar and autonomous tech company. Cramer dismissed it due to its lack of profitability and broader caution on unprofitable EV plays at the time:

“Oh man, that’s a lidar play. I’ll tell you — I’ve not been recommending any of those EV plays that are losing money. They do a lot of autonomous vehicles, but I can’t go there because I’m not recommending stocks where they just have not been able to even get near a profit.”

Ouster justified Cramer’s skepticism, losing 4.97% and staying well out of profitable territory.

Ouster, Inc. (NYSE:OUST) remains weighed down by losses and low visibility, making it one of the more volatile EV tech bets.

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