Jim Cramer Says He Can “Make a Case” That Companies Like Meta “Might Want to Sell Some Equity”

Meta Platforms, Inc. (NASDAQ:META) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Cramer mentioned the company while discussing the Magnificent Seven, as he commented:

The hallmark of the Magnificent Seven: bulletproof balance sheets. That’s what allowed them to have these robust buybacks. They were tight. They tended not to cascade. These were huge companies, but there wasn’t ever a lot of stock for sale… Now, with the exception of Apple and NVIDIA, we have stretched balance sheets galore. Alphabet, after years of buying back stock, issued stock. They might not be the only one of the Seven that needs to raise money. Look, I can make a case that Amazon, Meta, Microsoft, all might want to sell some equity. If I were running the show, I don’t know, I don’t want to show up at a hyperscaler gunfight with a pen knife. Is there still scarcity value in big tech? Not after SpaceX, then Anthropic and OpenAI, one after another after another.

Photo by Alexander Shatov on Unsplash

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and virtual and augmented reality products.

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