Jim Cramer Prefers Rivian Over Lucid Group (LCID)

We recently published a list of Jim Cramer Discussed These 9 Stocks Recently. In this article, we are going to take a look at where Lucid Group, Inc. (NASDAQ:LCID) stands against other stocks that Jim Cramer discussed recently.

When a caller asked if Lucid Group, Inc. (NASDAQ:LCID) is a long-term play, Cramer commented:

“You’re 21. Let’s put our money with something that is going to make a little more sense than Lucid. I think that if you wanted to be in that area, if you wanted to be in that kind of progressive area, you might go with Rivian, okay. I think Rivian is better than Lucid. Bingo.”

Lucid Group (NASDAQ:LCID) designs and builds electric vehicles, powertrains, and battery systems. The company also develops its own proprietary software for its vehicles. In February, Cramer commented on the company as he said:

“All sorts of electric vehicle plays that came public during the IPO frenzy of ‘20 and ‘21 got crushed. Rivian although ended up coming back. But Lucid, Nikola, Canoo, the Lion Electric, Lightning eMotors, Lordstown Motors, Faraday Future Intelligent Electric, all saw their stocks plunge more than 90% from peak to trough.”

Overall, LCID ranks 8th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of LCID as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LCID and that has 100x 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.