Jim Cramer Notes Apple’s “Big Multiple Expansion”

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed. Cramer discussed the company’s AI strategy, as he stated:

“Speaking of balance sheets, now that Wall Street’s getting worried about all the data center spending, Apple’s starting to look real smart for sitting on its hands the whole time. They were criticized for that. I don’t know about that anymore. Like I’ve been saying, why should they shell out billions to build out all this infrastructure when any of the generative AI companies would happily pay them tens of billions to be the default chatbot for Apple’s ecosystem? Apple’s up over 3% in November, it’s up over 13% year to date, big multiple expansion. Now, if I were managing one of these chatbots… and I was up against Gemini 3, I would be running to Apple with my checkbook in hand, hoping they would let me pay them to be the default AI site. But I think only Gemini 3 right now would rank as acceptable to Cupertino.”

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Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company’s app ecosystem, AppleCare, and cloud tools.

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