Jim Cramer Discussed These 11 Stocks Recently

2. Zoom Video Communications, Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 39

Talking about IPOs that burned hot initially, Cramer mentioned Zoom Video Communications, Inc. (NASDAQ:ZM) and said:

“Just in 2021, get this, we had roughly 400 traditional IPOs and another 200 SPAC mergers, which originally were meant to be blank check companies that would make a bunch of acquisitions over time. But in 2020, lots of startups began to use SPAC mergers as a way to come public while evading the strict regulations that the SEC, you know, the Securities Exchange Commission places on IPOs.

Now initially there were some very exciting ones that really caught fire. For example, Zoom Video. This one came public in 2019 and then soared to the stratosphere in 2020 once the pandemic made its platform essential, at least during the COVID era.”

Zoom Video (NASDAQ:ZM) provides a comprehensive communications platform that includes services such as Zoom Meetings, Zoom Phone, Zoom Chat, Zoom Rooms, and Zoom Webinars, as well as tools for virtual events, developer integrations, and an all-in-one contact center solution.