Jim Cramer on Ouster: “It is Fine as a Spec”

Ouster, Inc. (NASDAQ:OUST) is one of the stocks Jim Cramer recently shed light on. Highlighting the company’s role in autonomy tech, strong revenue growth, low debt, and a recent fourfold stock increase, a caller asked for Cramer’s view on OUST. Here’s what he had to say in response:

“You know, look, it’s a LiDAR play, and I’ve been historically against LiDAR. I think it’s a very expensive stock. It is fine as a spec, but when I talk about autonomous, you know, I always come back, once again, to Tesla, and I always will.”

Jim Cramer on Ouster: "It is Fine as a Spec"

Photo by Joshua Mayo on Unsplash

Ouster, Inc. (NASDAQ:OUST) develops and delivers high-resolution lidar sensors and software solutions for use in automotive, industrial, robotics, and smart infrastructure applications. The company offers various products, including scanning and solid-state sensors, as well as platforms supporting perception, traffic management, and safety functions. During July 9’s episode, a caller asked about the company, and Cramer remarked:

“Yeah, you know it’s a LiDAR company… and the LiDAR companies have been losing a fortune. I don’t think that there’s anything investible in, honestly, in autonomous, other than Tesla. Waymo’s not enough, of Alphabet. So I’m going to say no to speculative.”

While we acknowledge the risk and potential of OUST 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 OUST 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.