We recently published 5 Stocks That Were On Jim Cramer’s Radar As He Discussed AI. Apple Inc. is one of the stocks Jim Cramer recently discussed.
Since the iPhone 17 launch, Cramer has discussed Apple Inc. regularly on his morning show. He continues to assert that consumer interest in the iPhone 17 launch is quite strong. More recently, he also commented on media reports suggesting that Intel had asked Apple Inc. for an investment. In a Mad Money episode, Cramer even pointed out that while the firm could build Intel’s foundries, it wasn’t “Apple’s area of expertise.” This time, he discussed Apple Inc.’s product reception and the shares’ overall relation to mega-cap stocks:
“Well, David, Carl, this Apple decline, I don’t know. After what I saw last night in Japan, I think that you can take a breather if you don’t want to buy, it was up yesterday. But this 17 is a worldwide sensation and we have to start noting the fact that Apple is the winner right now of what I regard the mega caps. And that’s because it hasn’t spent a fortune but it may get they get to be a beneficiary of everybody else spending a fortune. So let’s keep that in mind as people sell it and take profits.”
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This article is originally published at Insider Monkey.
