Jim Cramer Defends Apple Inc. (AAPL) Against Elon Musk

We recently published 10 Stocks Jim Cramer Discussed As He Questioned Official Data. Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed.

Apple Inc. (NASDAQ:AAPL)’s shares have entered a period of strong performance after the firm smoothed over its frictions with the Trump administration. It announced an additional $100 billion investment in American manufacturing, and the shares have gained 14.8% since CEO Tim Cook was well-received by President Trump in the White House. More recently, Apple Inc. (NASDAQ:AAPL)s App Store came under fire from Elon Musk after he accused the company of favoritism when it came to OpenAI. Musk believes that his Grok AI is being disadvantaged in the App Store and has sued Apple Inc. (NASDAQ:AAPL). Here is Cramer’s take on the affair:

“It wasn’t clear, although, I would tell you that I don’t believe, I think that, it’s pay to play, to be at the top. I tried to load DoorDash today and Grubhub came up. Pay to play, above DoorDash, that’s the way it works. This is, did anyone say that this is, that there is like a Truth In Lending here or anything? You can do whatever you want.”

Previously, the CNBC TV host discussed Apple Inc. (NASDAQ:AAPL)’s share price performance and the potential drivers:

“I kept hearing that Cook and the president didn’t get along because he wouldn’t commit to making the iPhone in the United States. The drum beat grew so loud that I even asked Tim in my private chat… is it possible for you to work with the president?… He came back and he said that he has good relations with the president…. Tim Cook, if he says the relationship is good, then it’s good, and that gave me the guts to tell you to stick with it. Now, with the stock at $220, nicely above where it was when the company reported, I need you to think about what has happened in the last 24 hours…

Jim Cramer Defends Apple Inc. (AAPL) Against Elon Musk

Could Apple go from being the most expensive to being the cheapest, the best one for the phone companies to offer, so they can get new accounts? Isn’t that what the stock’s monstrous move from 203 to 220 in just two days is telling us?…

Apple, don’t fool around with it. Don’t trade it. I say it because this is a company that always seems to get it right in the end… Of course, there’s a reason with Apple. It’s a confident company with the best products on Earth, that’s run by one of the greatest value creators on Earth, rivaled only by Jensen Huang at NVIDIA.”

While we acknowledge the risk and potential of AAPL 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 AAPL 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.