Jim Cramer on Ondas: “I’m Going to Have to Take a Pass”

Ondas Holdings Inc. (NASDAQ:ONDS) is one of the stocks Jim Cramer shed light on. Toward the end of the lightning round, a caller asked about the stock, and Cramer replied:

“I mean, that thing is just a, look, I view that as a cats and dog thing, to be honest. I cannot, wow, that one is a really complicated stock… I’m going to have to take a pass.”

Source: Ondas Holdings Inc. Press Release

Ondas Holdings Inc. (NASDAQ:ONDS) provides wireless communication and drone solutions, including AI-powered drones, counter-drone systems, and secure connectivity platforms. On December 18, the company announced that it has has completed the acquisition of Roboteam Ltd., a global provider of rugged tactical unmanned ground vehicles (UGVs) for explosives disposal, intelligence, surveillance, reconnaissance, and hazardous-environment missions. Roboteam’s combat-proven UGVs are used by military and security forces in over 30 countries, including the U.S. Marine Corps and the Israeli Ministry of Defense. Ondas Holdings Inc.’s (NASDAQ:ONDS) CEO, Eric Brock said:

“Roboteam brings a respected lineup of tactical UGVs, established relationships with defense customers, and a strong engineering culture. Together, we are expanding our ability to deliver integrated autonomous solutions that improve mission effectiveness and operator safety across air and ground domains.”

While we acknowledge the risk and potential of ONDS 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 ONDS 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.