Jim Cramer Says “You Can Still Buy the Stock of Gilat Satellite”

Gilat Satellite Networks Ltd. (NASDAQ:GILT) is one of the stocks Jim Cramer shared his opinions on. When a caller asked about the stock during the lightning round, Cramer said:

“Again, anything satellite, anything air, anything that is like this, whether it be flying cars, it doesn’t matter, one headline and this thing flies. I am going to tell you that even though that’s a 52-week high, you can still buy the stock of Gilat Satellite.”

Gilat Satellite Networks Ltd. (NASDAQ:GILT) provides satellite broadband solutions and manufactures equipment such as terminals, antennas, amplifiers, and modems. In addition, the company delivers defense, broadcast, and mobility communications systems, along with managed network, connectivity, and telecom infrastructure services. On September 11, according to the company, it became the first company to market an AI-powered Network Management System with Model Context Protocol, that allows secure integration of advanced AI models. The new NMS-MCP supports applications like AI-driven network monitoring and dynamic configuration for software-defined satellite systems, and is aimed at boosting efficiency and simplifying operations.

While we acknowledge the risk and potential of GILT 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 GILT and that has 10,000% 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.