Jim Cramer on Take-Two Interactive: “I Wouldn’t Buy It All at Once; It’s an Erratic Trader”

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was among the stocks on which Jim Cramer gave his opinion, as he warned that increased AI-related spending might cause near-term headwind for stocks. Inquiring about the stock, a caller mentioned they started a position because they are a gamer and expressed excitement about the upcoming GTA VI. Cramer replied:

I think it’s a great idea. I think Strauss Zelnick’s got a real winner. I understand that GTA VI is probably going to be the biggest entertainment property of all time. If you want to start a position, it’s down six today. I wouldn’t buy it all at once; it’s an erratic trader, but I share your enthusiasm for Take-Two Interactive.

A stock market graph. Photo by energepic.com

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) creates video games for consoles, PCs, and mobile devices. Some of its well-known games include Grand Theft Auto, Red Dead Redemption, and BioShock. During the March 6 episode, a caller asked whether it was a good time to invest in the stock, and Cramer responded:

No, it’s a great time. I think you’ve gotta get in before GTA, and I’ve been working a lot on this, and I am absolutely convinced that this recent dip, I wish it had been able to push it more under $200. It works. I want you to buy some here, and then if it goes below $200, pull the trigger on the rest. You are right to come in. I think this is a great level. Thank you for asking me about it.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.