Jim Cramer on Joby Aviation: “I’m Not a Flying Car Guy, I’m Just Not”

Joby Aviation, Inc. (NYSE:JOBY) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. When a caller asked for Cramer’s opinion of the stock during the lightning round, he remarked:

Well, I’m not a flying car guy, I’m just not, and I’ve been right not to be a flying car guy. Although I do think, by the way, that Boeing is a great stock… here, and they’ve got a lot of technology for that kind of thing.

A technical stock market chart. Photo by Energepic from Pexels

Joby Aviation, Inc. (NYSE:JOBY) designs and makes electric vertical takeoff and landing aircraft for use in aerial ridesharing. The company is also developing a related app. During the March 18 episode, a caller inquired about the stock and mentioned their bullish stance. Cramer responded:

Okay, I am not as big a fan as you are. I think it’s incredibly speculative, and I’m in that era of no more magical investing. They’re losing too much money, and when companies are losing too much money, even if they have a very exciting idea, I’ve got to pull in my horns here because we have a very, very tough market, and we can’t deal with companies that are losing a lot of money.

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

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