Jim Cramer Thinks Meta (META)’s Mark Zuckerberg is Spending Billions to “Keep Sam Altman Out”

We recently published 10 Stocks Jim Cramer Discussed Including His Palantir Deep Dive. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently discussed.

Even though Meta Platforms, Inc. (NASDAQ:META)’s shares fell after its third-quarter earnings report, Cramer has continued to defend the stock. According to media reports, the shares dipped after management disclosed that it would increase its capital spending in 2026. Meta Platforms, Inc. (NASDAQ:META) differs from other technology giants, such as Amazon and Google, through the fact that it does not have a dedicated cloud computing business division. However, Cramer believes that CEO Mark Zuckerberg is justified in spending aggressively as he has to protect his firm’s moat against OpenAI and Sam Altman. He reiterated the belief during this episode as well:

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“Look I think Meta played the game. I think that Meta said, look we’re going to spend as much money necessary to keep Sam Altman out, they didn’t add the keep Sam Altman out. And if Sam Altman decides to go after a bunch of other verticals, then they can cut back their spend. But you don’t want that social monopoly, when you see some of the stuff that OpenAI is backing, that is a direct threat to his world, so Zuckerberg is right to spend as much as he can.”

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