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Domino’s Pizza’s (DPZ) CEO Figured Out How To Compete With Prices, Says Jim Cramer

We recently published Jim Cramer Talked About These 8 Stocks & The Quantum Computing Dip. Domino’s Pizza, Inc. (NASDAQ:DPZ) is one of the stocks Jim Cramer recently discussed.

When commenting on Domino’s Pizza, Inc. (NASDAQ:DPZ), Cramer mentioned a key metric that he’s been using to evaluate US restaurants. Over several appearances, he has pointed out that consumers have been unwilling to pay more than $10 for a meal. In this episode, he commented on how Domino’s Pizza, Inc. (NASDAQ:DPZ) is doing well on this front:

“Look I think that Russell Weiner’s doing a fantastic job, the CEO. Doesn’t get a lot of credit for what he’s doing. Maybe that can change with a much better than expected quarter. Four dollars and eight cents versus 3.95. What I really like about this David is that Russell’s figured out. . .that you need to have. . an offering that’s got to be less than ten bucks in this country if you’re going to be able to do well for dinner. And he’s got this best ever deal at ten bucks, I’ve had it and it’s really fantastic. I mean Domino’s to me is amazing because I’ve got one near me so it comes in about thirty seconds.

“But the idea that America can’t afford more than ten dollar a pizza is what is really in sync with what I’m hearing about you can’t afford more than a ten dollar hamburger. Not more than a ten dollar dinner like they do at Brinker. So David, this is the have, have not thing. And you and I both know it’s true. There’s a part of the country that cannot afford a 12 dollar pizza. And it cannot afford a 12 dollar steak. And we tend to forget that. When we’re doing all this stuff about what’s going on with crypto or OpenAI, we forget that there’s another whole part of the country where the inequalities are just not going away.”

While we acknowledge the risk and potential of DPZ 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 DPZ 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.

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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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  • 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.

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