Jim Cramer on Meta: “I Think It’s a Buy”

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently looked at. During the episode, illustrating the point that if OpenAI’s story were turned into a Netflix series, Cramer said:

“The Wall Street Journal reported this very morning that Altman said OpenAI might be pushing back… on other initiatives, like advertising, like AI agents for health and shopping, along with a personal assistant… Now, wait a second, there’s some real implications here for a lot of important stocks. I mean, for instance, let’s go to the series for a second.

We’d see Mark Zuckerberg, no doubt played by the slightly older… Jesse Eisenberg, taking his readiness down from DEFCON 2 to say DEFCON 4, as Meta’s advertising model might immediately be less challenged with OpenAI diverting resources away from advertising. Meta has an advertising-based model. Zuckerberg can leak that he may not even need to spend as much on the data center buildout as he previously predicted and still dominate advertising… Now, if I were directing, I’d have Eisenberg character, I’d have him watching CNBC and cheering as Meta stock goes to the top of the leaderboard because of this. Why not? It’s down 150 points from its high. I think it’s a buy.”

Photo by Alexander Shatov on Unsplash

Meta Platforms, Inc. (NASDAQ:META) develops social media, messaging, and communication products, including Facebook, Instagram, Messenger, Threads, and WhatsApp. Additionally, the company creates virtual, augmented, and mixed reality hardware and software.

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