Jim Cramer Shares Bearish Sentiment Toward Lucid Group

Lucid Group, Inc. (NASDAQ:LCID) is one of the stocks Jim Cramer answered questions about. When a caller asked about the stock, Cramer was quick to comment, “I’ll give you my answer: [sell, sell, sell].”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

Lucid Group, Inc. (NASDAQ:LCID) develops and produces electric vehicles, powertrains, battery systems, and proprietary in-house software. When a caller asked whether the company is a long-term play, Cramer responded:

“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.”

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.