Jim Cramer Shares Why He’s a Fan of Meta (META) CEO Mark Zuckerberg

We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks discussed by Jim Cramer.

Social media giant Meta Platforms, Inc. (NASDAQ:META) is one of Cramer’s top stocks when it comes to going against the narrative. While the firm has come under pressure for its multi-billion-dollar capital spending plans, the CNBC TV host has regularly defended it by commenting that it needs to spend in order to protect its industry moat from OpenAI. Deutsche Bank also discussed Meta Platforms, Inc. (NASDAQ:META)’s shares on April 16th. It reiterated a Buy rating and a $920 share price target on the firm and remarked that the firm’s AI investments will help bolster its bread-and-butter advertising business. Cramer has also praised Meta Platforms, Inc. (NASDAQ:META)’s smart glasses on multiple occasions, and like Deutsche, he has also praised the impact of AI on its advertising business. In this appearance, he once again went against the grain when it came to heavy spending on AI talent:

“And he’s so good, he brought in all this A talent, we’re now starting to see that talent produce. Remember everyone saying he paid too much for people, that’s wrong. . .he’s a talent evaluator.”

Jim Cramer Shares Why He's a Fan of Meta (META) CEO Mark Zuckerberg

Photo by austin-distel on Unsplash

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

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