Jim Cramer on Apple Inc. (AAPL): “They’ll Have the Best AI”

We recently published a list of Jim Cramer Put These 14 Stocks Under the Microscope. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other stocks that Jim Cramer discusses.

While discussing Apple Inc. (NASDAQ:AAPL), Cramer praised the company’s CEO as he said:

“… The endless carping about how Tim Cook, the CEO of Apple, is missing the AI boat, and therefore Apple’s phones are falling behind, not something you felt if you bought the stock Friday, as the stock rallied five bucks today to get back over 200. Now I’ve been following this Tim Cook story for, I dunno, how about a decade now? How about over a decade?

People have said Apple’s falling behind since the iPhone 5…. I followed it through four watches, four sets of AirPods, all sorts of Macs. I recognize that Siri can be obtuse… Every company that’s spending hundreds of billions of dollars buying NVIDIA chips, scraping data, trying to understand it, and then sell it to you lacks one thing: customers, the 1.5 billion people who use an iPhone. Tim’s got the divisions, they just have to spend… Tim Cook will have the best, they’ll have the best AI. Cook’s North Star is client satisfaction, and over time, that strategy is a proven winner.”

Jim Cramer on Apple Inc. (AAPL): “They'll Have the Best AI”

Apple (NASDAQ:AAPL) develops and sells consumer electronics, software, and digital services, including iPhones, Macs, iPads, wearables, and subscription platforms like Apple Music, Apple TV+, and Apple Pay. The company also offers cloud storage, app distribution, and customer support.

Overall, AAPL ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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