Jim Cramer Explains Why Snap Inc. Stock “Has Been so Awful”

Snap Inc. (NYSE:SNAP) was among the stocks on Jim Cramer’s Mad Money radar as he discussed the recent sell-off in AI-related stocks. Mentioning that they have held the stock since 2022, a caller asked for Cramer’s opinion on it. He replied:

You know what? I’m a growth buyer, and this company does not have growth, and that’s why the stock has been so awful.

Snap Inc. (NYSE:SNAP) is a technology company that provides the visual messaging application Snapchat and augmented reality glasses. The company also offers a subscription service for exclusive features and a suite of advertising products. Cramer made a bearish comment when a caller inquired about the stock on April 16, as he said:

No, there’s nothing there. Let’s just, like, you know, I’ve been fighting this SNAP now for I don’t know how many years, saying don’t invest in it, and so far, I’m looking pretty good, frankly.

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

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