Jim Cramer Appreciates Gemini’s Crypto Pioneering Work but Highlights Stock Decline

Gemini Space Station, Inc. (NASDAQ:GEMI) is one of the stocks Jim Cramer recently shared his thoughts on. Cramer poked fun at the company’s name but acknowledged crypto legacy and discussed the stock’s decline. He stated:

“Right now, we need a little curbing. I could say the same thing about Gemini Space Station, the ridiculous name for the crypto outfit, founded by the Winklevoss twins 11 years ago. After a 14% gain on its first day of trading last Friday, the stock has now fallen well below its $28 offering price. Again, I’m a client and I greatly appreciate the pioneering work in telling everyone and everything about crypto. It’s great. It’s been a fabulous run. Not so for their stock, but that’s okay too.”

Pixabay/Public Domain

Gemini Space Station, Inc. (NASDAQ:GEMI) operates a cryptocurrency platform that enables trading, storage, and custody of digital assets like Bitcoin and Ethereum. The company’s services include derivatives, staking, OTC trading, stablecoin, NFTs, a credit card, and institutional services.

While we acknowledge the risk and potential of GEMI 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 GEMI 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.