We recently published a list of Jim Cramer Discusses These 13 Stocks & Criticizes Billionaires. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other stocks that Jim Cramer discusses.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer continued to warn users to not trust billionaires. His remarks built on an earlier show, where he had shared that “you can’t make money listening to a billionaire because they already have made money.”
This time around, Cramer outlined that billionaires often share the sentiment that it’s hard for others to become as rich as they are. “They close the door,” he commented and added: “Well they’re always negative.” Cramer also believes that luck might play a large role in making someone a billionaire. According to him: “We never, we never grade them because if they’re billionaires we think that they have to be genius. We never think about luck. We just think, well they might have had really great trade.”
In response, co-host David Faber pointed out that the one key trait that he has observed in most billionaires is their relentless drive. Cramer responded by sharing that billionaires are “tiresome.” He also felt that President Biden’s goodbye speech about oligarchs was “completely ignored.”
During the show, Cramer also commented on how using ChatGPT was proving troublesome. He outlined:
“I use ChatGPT like, probably maybe fifty times a day. I do it text and I’m continually let down by the lack of rigor of what I get. I mean I’ll say tell me everything I need to know about [a pharma company – BMY]. And it won’t even have the patent cliff. Doesn’t mention the patent. . . I mean it just doesn’t get the story at all.”
“Well no, you have to know, the key thing about I think about all these sites is you have to know how to put the question. Give me the pluses and minuses of [BMY], was the actual inquiry. And I just find that, it’s just not rigorous. I mean you can’t rely on it. You have to go to all the different sites. You know I go to. Claude-3 a lot. I’d rather go to Claude Rains than Claude-3.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired on February 26th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A wide view of an Apple store, showing the range of products the company offers.
Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q4 2024: 166
Apple Inc. (NASDAQ:AAPL) is the most valuable company in the world after having retaken the top spot in February following NVIDIA’s drop during the DeepSeek selloff. Cramer believes that the stock should be held instead of being bought. He has remained upbeat about Apple Inc. (NASDAQ:AAPL)’s product development and bemoaned investors tying the stock’s fate with the iPhone. His latest remarks surrounded the firm’s AI narrative:
“I noticed that Apple’s down today. Apple’s been the outlier. It’s been going up because people feel they didn’t spend anything on the data center so they’re the freerider that we like.”
“I could see the stock going lower and I like it.”
Overall, AAPL ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
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