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.

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