Jim Cramer Explains Why Match Group Was Expelled from the S&P 500

Match Group, Inc. (NASDAQ:MTCH) is one of the stocks Jim Cramer discussed amid the reshuffling of the S&P 500. Cramer highlighted the shrinkage of the company’s market cap over the past 5 years, as he commented:

So what about the companies that got expelled from the S&P? First, Match Group. Now, this is a dating app company that you might recognize as Tinder, Hinge, Match for several other platforms. I know nothing about online dating, thank heavens, but I do know that Match’s stock is down nearly 80% over the past five years. The market cap has shrunk to $7 billion, which is now too small for the S&P 500.

Match Group, Inc. (NASDAQ:MTCH) provides digital technologies primarily for dating and connection, through brands including Tinder, Hinge, and OkCupid. We recently discussed several analysts’ price revisions around the stock, which you can read about here.

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.  Follow Insider Monkey on Google News.