In this article, we will look at “Jim Cramer Discussed 5 Stocks, Like Meta, NVIDIA, and His Skepticism Toward Tech Stocks.” Please visit “Jim Cramer Discussed 15 Stocks, Including Broadcom, Netflix, and His Skepticism Toward Tech Stocks” if you’d like to see the extended list and methodology behind it.
5. Apple Inc. (NASDAQ:AAPL)
Apple Inc. (NASDAQ:AAPL) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Talking about tech companies that would be able to get out of “out of this morass,” Cramer said:
And then the next one is Apple. Still has a balance sheet that’s fantastic. Still has the buyback. It still has products we all love.
Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company’s app ecosystem, AppleCare, and cloud tools. Cramer discussed the stock’s recent pullback during the June 8 episode. The Mad Money host stated:
That pullback in the stock of Apple today. Of the big-cap stocks, Apple had been the cleanest story. It didn’t have to spend big on artificial intelligence. They had Alphabet to do it for them, and they’re being paid for doing so because they have such an outstanding and deserved user base. When you have 2.5 billion devices out there, there’s a much sought-after audience, right, and the scrum that is Perplexity, Claude, Gemini, Grok, ChatGPT, Meta AI, you can cement your relevancy by making a deal with Apple, and that’s why Google paid them to be their search function. We don’t know the terms of the AI deal, but I think that Apple did fabulously on the whole package that now includes Gemini as Siri… When I say as Siri, what I mean is that Siri’s gotten much smarter.
How about that? Apple, is it done, and there are no more improvements? That’s what I kept hearing today: it’s done. Well, that’s just plain stupid. It’s going to get better and better. No one’s going to switch from this phone because they were disappointed by today’s Worldwide Developers Conference, except for the hedge fund guys and gals who watch our network and said, oh, it’s really bad. I mean, it wasn’t even a tradable event, although people tried to trade it, and the traders are the losers, not Apple. That said, Apple’s a leader, maybe the leader, and I don’t want to lose the leader of this stock market. We’ve lost all the other mega-cap stocks now. Forgive me for wanting one of them to keep winning because I do think Apple could have gone higher on the same info we got today. I wanted it to open down and then rally.
