Jim Cramer on Butterfly Network: “I Thought It Was a Very Interesting Spec From Day One”

Butterfly Network, Inc. (NYSE:BFLY) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Inquiring about the stock, a caller asked whether they should hang on to their position. Cramer remarked:

Okay, Butterfly, I was surprised it ever fell. I was very surprised it ever fell down… I thought it was a very interesting spec from day one. It doesn’t make any money, but at $8, you can buy some. You can buy some a little bit lower. But it is a very promising company.

Stock market data. Photo by Photo by Alesia Kozik

Butterfly Network, Inc. (NYSE:BFLY) makes and sells handheld ultrasound devices that enable whole-body imaging through a single probe connected to smartphones and computers. A caller asked about the stock during the February 6 episode, and Cramer responded:

It’s a very competitive market, and I don’t want to be in that part of the medical device group. Even GE Healthcare reported a pretty good number, and it went up for about 10 seconds, and then it went right back down. Too hard for this guy, just too hard.

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

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