Jim Cramer’s Opinion on 5 Stocks Like Alphabet and NVIDIA and Increased AI-Related Spending

In this article, we will look at Jim Cramer’s Opinion on 5 Stocks Like Alphabet and NVIDIA and Increased AI-Related Spending. Please visit Jim Cramer’s Opinion on 13 Stocks Like Eli Lilly and Boeing and Increased AI-Related Spending, if you’d like to see the extended list and methodology behind it.

5. DoorDash, Inc. (NASDAQ:DASH)

DoorDash, Inc. (NASDAQ:DASH) was among the stocks on which Jim Cramer gave his opinion, as he warned that increased AI-related spending might cause near-term headwind for stocks. A caller asked whether the company could maintain its growth-stock valuation if elevated gas prices and slowing consumer discretionary spending expose vulnerabilities in its business model. Cramer replied:

I think… this is a great question. I debate it all the time because there’s a couple of stocks that came public during a period, and there’s kind of wavering sometimes. I think Tony Xu has done a remarkable job putting together the number one company in its field. I think that you’re absolutely right. It sells at a premium multiple, 32 times earnings; maybe that’s too expensive. Maybe the stock would be better bought if it got down to $100 to $120. But that said, I like the company and management very much.

DoorDash, Inc. (NASDAQ:DASH) runs a commerce platform that connects merchants, consumers, and delivery partners. The company provides delivery, payment, and marketing solutions, as well as subscription and white-label services for businesses.