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“I am Impressed,” Says Jim Cramer About Ralph Lauren (RL)

We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. Ralph Lauren Corporation (NYSE:RL) is one of the stocks Jim Cramer recently discussed.

Luxury apparel and products firm Ralph Lauren Corporation (NYSE:RL) factored into the discussion as Cramer discussed the retail industry and consumer spending. He mentioned the firm after co-host Carl Quintanilla mentioned Tapestry’s latest earnings report that saw the firm’s shares fall despite a revenue and earnings beat. Along with Tapestry, Ralph Lauren Corporation (NYSE:RL) also reported its earnings. The firm’s second-quarter results saw it raise its full-year revenue guidance growth to a 6% midpoint and beat analyst revenue and EPS estimates. Cramer mentioned Ralph Lauren Corporation (NYSE:RL) as he pointed out that the firm was attracting consumer spending, particularly from rich consumers:

Africa Studio/Shutterstock.com

“[Tapestry] Didn’t blow it out. Didn’t blow it out. But I’ll tell you where they’re spending. Do you know that Ralph Lauren has a 300,000 dollar watch? I’d give my right arm for that, which is probably what happens when you buy it. 300,000 dollar watch. This is Patrice Louvet, and his numbers are up. And I am impressed.”

While we acknowledge the risk and potential of RL 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 RL 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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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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