Jim Cramer on Rocket Lab: “As Specs Go, I Like it at These Prices”

Rocket Lab Corporation (NASDAQ:RKLB) is one of the stocks Jim Cramer recently answered questions about. A caller referred to Cramer’s teaching of speculating wisely and mentioned their belief that RKLB stock has a lot of potential. Cramer replied:

“Okay, look, I have to tell you, I think this stock is very, you know, look, as these stocks go, I’m not going to call it inexpensive because this is a spec. But as specs go, I like it at these prices. How about that? I think that’s a fair way to put it.”

Rocket Lab Corporation (NASDAQ:RKLB) provides launch services, spacecraft design, manufacturing, and on-orbit management solutions. It develops small and medium-class rockets, including the Electron and Neutron launch vehicles. During the October 31 episode, a caller highlighted the stock as a speculative pick in their portfolio, and Cramer responded:

“Alright, I’m glad you said it’s a spec stock because otherwise I would not endorse it. I think it is a good spec, but it loses so much money. You gotta be aware that who knows where it can ultimately end up.”

While we acknowledge the risk and potential of RKLB 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 RKLB 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.