GoPro, Inc. (GPRO): “Those Are Pumps And Dumps,” Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Mind As He Gives Up On Becoming Fed Chair. GoPro, Inc. (NASDAQ:GPRO) is one of the stocks Jim Cramer recently discussed.

GoPro, Inc. (NASDAQ:GPRO) is a well-known consumer electronics company that sells cameras. The firm’s shares have gained 30% year-to-date solely on the back of a 97% jump in June. GoPro, Inc. (NASDAQ:GPRO)’s stock rose during a fresh wave of meme stocks that once again caught investors by surprise. Cramer wasn’t impressed by the share price gain, and he doesn’t frequently discuss the stock either. Before the July jump, the shares had actually lost 39% year-to-date as the firm struggled with focusing on only one product and failed to diversify its product lineup. These have caused GoPro, Inc. (NASDAQ:GPRO) to post quarterly losses and significant drops in revenue. The CNBC TV host was succinct and blunt in his assessment of GoPro, Inc. (NASDAQ:GPRO)’s rise as he remarked:

“Those are pump and dumps I mean you know.”

GoPro, Inc. (GPRO): "Those Are Pumps And Dumps," Says Jim Cramer

While we acknowledge the risk and potential of GPRO 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 GPRO 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.