Ondas Inc. (NASDAQ:ONDS) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. During the lightning round, a caller inquired about the stock, and Cramer commented:
Oh my god…. this is a meme stock. It’s just a meme stock; it’s about the autonomous system meme, and I can’t get behind a meme stock. This market’s too horrible. I mean, a meme stock could rip your lungs out. I’m not going to let that happen to me.
Photo by Adam Nowakowski on Unsplash
Ondas Inc. delivers private wireless networks, autonomous drones, and data systems through its Ondas Networks and Ondas Autonomous Systems units. The company provides tools such as counter-drone platforms, autonomous security drones, robotic systems, and loitering munitions, alongside its FullMAX software-defined radio technology. It also offers maintenance, licensing, and support services. A caller asked about the stock during the April 28 episode, and Cramer replied:
Well, Ondas is a me-too company. It’s a company that is losing a lot of money, that does intelligent or autonomous systems like every other company. I’d rather have to find something new and different that is distinct, and I don’t see anything distinct about Ondas.
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