Jim Cramer on MongoDB: “There Are Others That are Much Better”

MongoDB, Inc. (NASDAQ:MDB) is one of the stocks Jim Cramer was focused on. A caller inquired about the stock’s potential as an AI-related investment, and Cramer replied:

“There are others that are much better. You know what? And I don’t like to fool around on the AI plays. We got the best AI company in the world, which is NVIDIA, and I know it’s moved a lot, but you know what? It’s the best and I like to buy the best.”

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform, including its cloud-based Atlas service, Enterprise Advanced for hybrid use, and Community Server for developers. Additionally, it offers consulting and training services to support its database solutions. When a caller asked about the stock in a February episode, Cramer called it a “trade” and “not an investment.” He remarked:

“Oh yeah, I… will say this… You’d be catching it at the right time. I think the analysts are all starting to upgrade the, the enterprise software again. I think it’s worth a stab, I really do. But it’s a trade, it’s not an investment.”

Since the above comment was aired, MongoDB, Inc. (NASDAQ:MDB) stock has gained 17.2%.

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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