Jim Cramer on Innodata: “I Actually Like This Company”

Innodata Inc. (NASDAQ:INOD) is one of the stocks Jim Cramer recently answered questions about. A caller sought Cramer’s opinion of the stock, and he replied:

“Yeah, digital content. I actually like this company. It’s [got] a very high price to earnings multiple, but it does at last make money. I at least got to end the… lightning round on one company that seems like a very real company.”

Innodata Inc. (NASDAQ:INOD) provides data engineering and AI services, including data preparation, annotation, and model training. In addition, it offers platforms for digitizing medical records and managing marketing and media communications. During February 21’s episode, Cramer discussed the stock and said:

“What a stock. I mean, yeah, you were right. You’re right. It’s a high multiple stock and it didn’t get hit today. How about that? That is what I call a hero stock.”

Since the above comment, the stock has gained over 24%.

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

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