Jim Cramer Discusses Why He Refuses to Cut and Run on SoFi Technologies

SoFi Technologies, Inc. (NASDAQ:SOFI) is among Jim Cramer’s latest stock calls as he covered Exxon, Lockheed, and others. A caller asked if the stock is a buy, sell, or hold. In response, Cramer said:

I saw it at $15 today. I said, how the heck could it be that low? I remember it was at $30, people liked it. At $15, how am I going to cut and run? It’s good. I did not like it at that price, but other people did.

A technical stock market chart. Photo by Energepic from Pexels

SoFi Technologies, Inc. (NASDAQ:SOFI) provides lending, banking, investment, and insurance services through digital platforms. The company offers personal, student, and home loans, cash management, investment tools, credit cards, and financial wellness products. A caller asked about the stock during the March 24 episode, and Cramer replied:

I gotta tell you, there’s a controversy about SoFi, but I’ve gone point by point about what they’re up to and what they’ve done. I find that the bulls are right. I find that Anthony Noto is right. I’ve known Anthony Noto since 1998. I never question his character, and I’m a believer in SoFi.

While we acknowledge the risk and potential of SOFI 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 SOFI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.