Jim Cramer Calls Market Reaction to SoFi Quarterly Guidance Excessive

SoFi Technologies, Inc. (NASDAQ:SOFI) was among Jim Cramer’s stock calls on Mad Money recently as he recapped mega-cap tech earnings. Cramer noted the stock’s sell-off,  as he said:

What… just happened to the stock of SoFi Technologies, the preferred digital bank of the younger generation? Here’s a stock that’s had an incredible run, going from $8 and change at its post-Liberation Day lows a year ago to $32 and change last November. As a long-time SoFi bull, and everybody knows that, I felt the move was vindication. But then, the stock started rolling over again, selling off as part of the broader AI displacement meltdown.

I think that’s crazy. This is a bank, for heaven’s sake. You can’t have Claude vibe code you a bank. As of yesterday, though, SoFi had pulled back to $18 when it reported this morning. The results were mostly in line, but the guidance for the current quarter was disappointing. In response, the stock plunged more than 15% today. Perhaps, that’s excessive.

Photo by jason briscoe on Unsplash

SoFi Technologies, Inc. (NASDAQ:SOFI) provides lending, banking, investment, and insurance services through digital platforms. The company offers personal, student, and home loans, cash management, investment tools, credit cards, and financial wellness products.

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

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