Jim Cramer Is “Not Particularly Fond” of Circle Internet Group

Circle Internet Group (NYSE:CRCL) is one of the stocks that Jim Cramer recently discussed. During the episode, Cramer said that he is “not particularly fond of” it. He commented:

“It can be any part of the PARCs… Circle Internet Group, the red-hot recent IPO that I’m not particularly fond of because it’s a stable coin play, and pretty soon, because of that GENIUS Act, I think it’ll be flooded with stable coins.”

Jim Cramer Is "Not Particularly Fond" of Circle Internet Group

Stock market data on a laptop screen. Photo by Alesia Kozik on Pexels

Circle (NYSE:CRCL) operates a platform for stablecoin and blockchain-based applications, providing dollar-backed stablecoins and related tools for payments, liquidity, and developer integration across the digital financial system. Cramer mentioned the stock in a late June episode and said:

“Second group of winners, pretty much anything related to crypto. Now, some are linked to buying and selling crypto. Think Coinbase. Robinhood, the Circle Internet, that’s that newly public Stablecoin play, which came out of the IPO gate super hot. Let’s cool off… There are lots of smaller stocks that emulate these big dogs, and you see them trading all the time. You know what I mean? Meme.”

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

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Disclosure: None. This article is originally published at Insider Monkey