Jim Cramer on Samsara CEO: “I Salute Him and I Salute the Company”

Samsara Inc. (NYSE:IOT) is one of the stocks Jim Cramer talked about. A caller asked Cramer about the stock, noting that the company has grown sales by 30% for six consecutive quarters and expanded its base of large customers to 2,770 accounts, each averaging $350,000 in sales. In response, he said:

“Man, that company had a great quarter, and I saw the CEO, and he did a fantastic job. I salute him and I salute the company.”

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Samsara Inc. (NYSE:IOT) provides a connected operations platform that integrates data from IoT devices and assets with AI-driven analytics, workflows, and security. The company’s solutions include video safety, vehicle telematics, workforce apps, equipment monitoring, and site visibility for industries including transportation, logistics, construction, and more. Artisan Partners stated the following regarding Samsara Inc. (NYSE:IOT) in its second quarter 2025 investor letter:

“Along with Snowflake, Baker Hughes and Roblox, we also added to Samsara Inc. (NYSE:IOT) during the quarter. Samsara is a software platform for asset intensive industries (e.g., trucking, construction and logistics). It provides real-time data and insights to enable asset tracking, performance measurement and safety monitoring, which yield high rates of return on investment for its customers. We expect continued market share gains and further product introductions within a large addressable market will support years of profitable growth. Our view was supported by strong quarterly results reported in June, as revenues grew 32% YoY and margins improved. However, investors focused on management comments regarding several recent contract delays tied to uncertainty about new trade tariffs, causing the stock to sell off. We took advantage of the more attractive valuation to make it a large GardenSM holding.”

While we acknowledge the risk and potential of IOT 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 IOT 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.