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Jim Cramer on Trade Desk: “There Are Other Ways to Make Money That Are Easier”

The Trade Desk, Inc. (NASDAQ:TTD) is one of the stocks Jim Cramer shared insights on. During the episode, a caller asked if the stock is a buy at its current valuation, and Cramer replied:

“Look, it’s down 55%. I like Jeff, but they’ve got Amazon as a competitor. And you know, Amazon is one of my absolute favorite companies, and I don’t want to go against Amazon. Can you make some money? Yeah, but there are other ways to make money that are easier and better.”

Photo by jason briscoe on Unsplash

The Trade Desk, Inc. (NASDAQ:TTD) provides a cloud-based platform that enables clients to plan, manage, and measure digital advertising campaigns across formats such as video, display, audio, and social. When a caller asked about the stock in a May episode, Cramer replied:

“You made the right move. Now let me tell you something. They had a self-inflicted issue. In other words, they had a problem, they made a mistake… It was like they were doing a new software that didn’t work initially, and the stock just got crushed. It went all the way down from like $120, down to $60. But I will tell you, it actually went down to $42 at one point in April, that I think all the problems are fixed, and all the things you said that are good, they’re happening. I like your call, I think you’re right. I would actually buy more.”

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
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  • 140 Metas
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  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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