Jim Cramer on CAVA: “I Think It’s the Best of the New Concepts”

CAVA Group, Inc. (NYSE:CAVA) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. When a caller asked if the company has more room to run on the “backs of Gen Y and Gen Z,” Cramer commented:

Is it okay that my sister and I like it too? We’re a little bit older. Yes, you want to buy CAVA. I think it’s the best of the new concepts… There’s something there for everybody, there really is. It’s tasty, clean, fun.

CAVA Group, Inc. (NYSE:CAVA) operates a restaurant chain under the CAVA brand and sells dips, spreads, and dressings through grocery retailers. During the April 16 episode, a caller mentioned that they bought the shares at $88, are in red, and asked Cramer if they should buy more. The Mad Money host replied:

You’re in the red? CAVA’s at $91. You’re not in the red. You’re doing great… I just think it’s exactly what you said. I think it actually might be the next Chipotle. I want you to hold on to it, and if it comes down, I think… You should buy more.

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

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