Jim Cramer Says “I Think That Rocket Lab Is a Winner”

Rocket Lab Corporation (NASDAQ:RKLB) was among the stocks Jim Cramer covered on Mad Money as he discussed the wave of IPOs being the market’s possible biggest threat. When a caller mentioned that they have been holding the stock for a while, Cramer stated:

I feel exactly like you, exactly like you. And when they had a problem two weeks ago, the stock barely… went down for a day, and that’s about it. I think that Rocket Lab is a winner, and that is a speculative stock that I am blessing right here.

A stock market graph. Photo by Alesia Kozik on Pexels

Rocket Lab Corporation (NASDAQ:RKLB) provides launch services, spacecraft design, manufacturing, and on-orbit management solutions. Cramer mentioned the stock during the April 16 episode and said:

Space is easier because of the mammoth IPO of SpaceX brought to us soon by Elon Musk, maybe later this summer. I think it’s going to be a huge hit. In the interim, anything that looks like SpaceX should go higher, including Rocket Lab. I’m blessing Rocket Lab because it’s got a $1.85 billion backlog, giving them terrific visibility in the future, although it was up a lot today. Needless to say, to get your hands on any SpaceX might be difficult, but I think it’ll be a better performer than Tesla.

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

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