Jim Cramer Discussed These 16 Stocks Recently

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5. Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer Recently Discussed. Cramer highlighted that the company is integrating AI, as he commented:

My favorite, the banks, Wells Fargo, Goldman Sachs. The former because it’s doing the best job of integrating AI. Just hired a wiz from Amazon Web Services. The latter because it’s the closest we have to a pure play of investment banking at a time when investment banking is on fire. These are entrenched companies. They’re not going to blow up. Many of these will use AI to cut costs, perhaps better than a Salesforce, or a ServiceNow, or Workday could. Maybe not, though. Maybe these software companies can do it cheaper to stay competitive and just make less money in the process.

Wells Fargo & Company (NYSE:WFC) provides financial services, including banking, lending, investment, and wealth management solutions. Cramer also highlighted the company’s hire from AWS during the February 3 episode, as he said:

But the other mind says you can’t jump in front of a speeding freight train. Far better to just own the stocks of companies with big software spending that can presumably save fortunes. Public companies that can… Wells Fargo, they just hired a technologist from Amazon Web Services to help the bankers find the hidden savings. That’s a winner.

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