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Deckers (DECK) Is “Overly Hated,” Says Jim Cramer

We recently published Jim Cramer’s 12 Fresh Stocks & Quantum Computing Trading Strategy. Deckers Outdoor Corporation (NYSE:DECK) is one of the stocks Jim Cramer recently discussed.

Deckers Outdoor Corporation (NYSE:DECK) reported its fiscal second-quarter earnings last week. The results disappointed investors as the firm guided $5.35 billion in annual sales while analysts had estimated $5.45 billion. Cramer discussed the earnings report and Deckers Outdoor Corporation (NYSE:DECK)’s brands:

“Today’s it’s Deckers. A kind of lukewarm guide and that is enough. I thought this had been punished over and over and over and it would bottom. But no. You got UGG’s not doing that well, you’ve got HOKA’s not doing that well, you have the projections not that great. Enterprise level declines, I mean this is a Truist note that just says elevated competition, broader macro uncertainty. Now the question is, is Nike coming in against HOKA? Well I would say that there is a big scrum right now in sneakers. New Balance has come back. It’s lost its allure. Now, it’s fashion. It’s got a feel kind of like LULU, but LULU’s expensive, and this company’s just alright. I don’t know if I want to sell this ahead of, let’s say you get a really cold winter and UGG’s maybe you get a snap back. But people just hate it, I think it’s overly hated.”

While we acknowledge the risk and potential of DECK 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 DECK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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