Jim Cramer on Tencent Music: “We’re Moving On”

Tencent Music Entertainment Group (NYSE:TME) is one of the stocks Jim Cramer put under the microscope. During the lightning round, a caller inquired after Cramer’s thoughts on the stock, noting that it has gone down from $26 and change to $23. He replied:

“You know what? Look, that’s, we’ve made a lot of money in that. We’re moving on. We’re going to stick with BABA when it comes to China. That’s about it.”

Photo by Joshua Mayo on Unsplash

Tencent Music Entertainment Group (NYSE:TME) provides music streaming, karaoke, long-form audio, and live streaming services through platforms like QQ Music, Kugou, Kuwo, and WeSing. The company also generates revenue from subscriptions, advertising, digital albums, merchandise, concerts, and artist management. It is worth noting that Cramer discussed the company after its IPO in December 2018. He commented:

“The political risk is too great, even as the company has nothing to do with the tariffs… But if you think the trade talks will produce a workable agreement, then this may actually be the Chinese stock that you want to buy.”

While we acknowledge the risk and potential of TME 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 TME 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.