Jim Cramer on Starbucks: “CEO Brian Niccol Has Been Working Hard on the Turnaround”

Starbucks Corporation (NASDAQ:SBUX) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer highlighted that he likes the company’s new product, as he remarked:

Next, we know that a cup of coffee at Starbucks might not be such a bargain, but oh, I like that new protein drink, by the way, more than some of the other guys. But this rotation has put the common stock on sale. It got dinged for more than two bucks today, $102. At one point, it traded at $100. CEO Brian Niccol has been working hard on the turnaround, but you’ve rarely gotten a break in the stock. Hey, speaking of coffee, for those of you who are junior growth enthusiasts, how about this one? Dutch Bros dropped 5.6% today.

Pixabay/Public Domain

Starbucks Corporation (NASDAQ:SBUX) sells coffee, tea, and other beverages, as well as food products, through its stores and licensed outlets. The company’s brands include Starbucks Coffee, Teavana, Ethos, and Starbucks Reserve.

While we acknowledge the risk and potential of SBUX 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 SBUX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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