Jim Cramer Notes Rocket Lab is “One of the Hottest Stocks in the Universe”

Rocket Lab Corporation (NASDAQ:RKLB) is one of the stocks in Jim Cramer’s spotlight. A caller inquired after Cramer’s thoughts on the stock, and he replied:

“Oh man, this is one of the hottest stocks in the universe. This is one of the stocks where, remember, I changed my mind. I said, look, if there can be an article that moves a stock up 10%, 15%, I’m going to recommend it. This Rocket Lab has been right now for the last 10 points, it’s going to continue to be right. What can I say? I say [buy, buy, buy].”

Jim Cramer Notes Rocket Lab is "One of the Hottest Stocks in the Universe"

A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space.

Rocket Lab (NASDAQ:RKLB) provides launch services, spacecraft manufacturing, and orbital solutions, including small and medium-class rockets like Electron and the upcoming Neutron. In a May episode, Cramer called it a “decent story,” as he said:

“You know what, this Rocket Lab’s initially, I have to tell you because I don’t like companies that lose a lot of money, I was skeptical, but so many companies need to put up rockets. I think it’s actually a decent story, and that’s a spec that I’ve not recommended until just now.”

While we acknowledge the risk and potential of RKLB 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 RKLB 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. This article is originally published at Insider Monkey.