9 Stocks Jim Cramer Talked About

Page 8 of 8

1. Paramount Skydance Corporation (NASDAQ:PSKY)

Number of Hedge Fund Holdings: 37

Media and entertainment giant Paramount Skydance Corporation (NASDAQ:PSKY) has been a regular feature of media coverage due to its widely covered acquisition attempt of Warner Bros. Discovery. The price that the firm has offered is a key focus of coverage, and it has grown from the first value of $19 per share to $22.50. While recent media reports indicate that Warner Bros might be interested in Paramount Skydance Corporation (NASDAQ:PSKY) if it further bumps the offer up to $30, the firm is considering suing the target’s management board. Cramer also discussed the price and added that $34 might be the sweet number that could win Warner Bros. Discovery over:

“I’ve been thinking a lot about the Warner Brothers. Discovery. And the one thing I don’t understand, you’ve got that bid, it’s money good from Ellison. Just come in at 34. I mean, Larry Ellison is a person who has stormed in, when PeopleSoft, when he did the hostile. He says, look, here’s the way it’s going to be. With Cerner, here’s the way it’s going to be. Where is the, here’s the way it’s going to be, it’s 34 dollars, we’re four dollars better than Netflix, maybe five. And that’s the end. And then the board is going to have to fold. So I think 34 dollars gets it. And I’m surprised that he doesn’t just do it. He’s rich, he’s tough and enough. No more waste our time. 34 bust. . .they do 34, he’s got it.

“It’s a tremendous asset, and they need it more than Netflix does.”

While we acknowledge the potential of PSKY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PSKY and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 8 of 8