We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. Apple Inc. is one of the stocks Jim Cramer recently discussed.
The day this show was aired, media reports suggested that consumer electronics giant Apple Inc. was going to pay $1 billion to Google to use the latter’s Gemini AI platform for Apple Intelligence. Given that Cramer has long pointed to an overhand in the stock due to Siri’s weakness, he spent quite some time discussing the Google news:
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“This Apple, Google deal’s gonna happen. The billion dollar deal, and it’s really funny because how many people felt that Siri was way behind, way behind. Well you know they advanced that, that just gets taken off the table if that’s the case. Now the stock is down, I don’t know, people feel that maybe this is, that Google should be paying them. But this is a terrific deal and I think that the age of Siri being impersonal and, sorry, not really getting the message is over. This will be terrific. I still think that Gemini comes in and they just become the native form of this. I love this combination and I think that people have to stop complaining about Apple being behind. They’ll be fine. I think it’s so exciting. I think Apple, the price-to-earnings multiple is too low.”
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This article is originally published at Insider Monkey.
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