Jim Cramer’s Recent Thoughts on These 8 Stocks

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 156

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently shared thoughts on. Cramer said companies like Apple are “nation-states,” as he remarked:

“Apple, I think, is going to have a great quarter. So I think that their PE is probably going to be roughly just a little bit above the market multiple. All these companies are actually very big conglomerates… I like the companies for what they have, which is different businesses that are firing all cylinders… In the end, these are the best companies in the world. They’re nation-states with good balance sheets. They’re not momentum plays.”

Apple Inc. (NASDAQ:AAPL) sells smartphones, computers, tablets, wearables, and accessories under brands like iPhone, Mac, iPad, and Apple Watch. During the November 3 episode, Cramer discussed how the company can acquire AI. He commented:

“Apple’s looking better and better because they opted out. They’re not trying to build the best chatbot, though they are working on improvements to Siri that should arrive by next spring… But overall, as far as I can see, this strategy is to do the same thing they did with search. Why not just let somebody else build it and then pay Apple for the privilege of being the default on all their devices?

Google reportedly pays them $20 billion per year to be the go-to search engine, which we now know was held up in court as a payment that was totally legit. I bet they can even get more for that from one of the hyperscalers that wants to be the go-to generative AI platform. There’s not that much difference between them. It would really help if they had Apple. At times, over the past couple years, Apple’s come under fire for not really seeming to have an AI strategy.

But as I said repeatedly, they don’t need one because they have an installed base of over 2.35 billion active devices, and any of the hyperscalers would happily pay up for access to that user base. Still one more reason why I always say Apple, own it, don’t trade it. Doesn’t hurt that these guys reported a magnificent quarter. Yet the stock ultimately didn’t get much credit for it, but it did run up in advance of the report.”