Jim Cramer’s Recent Thoughts on These 8 Stocks

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1. Shopify Inc. (NASDAQ:SHOP)

Number of Hedge Fund Holders: 69

Shopify Inc. (NASDAQ:SHOP) is one of the stocks Jim Cramer recently shared thoughts on. Cramer discussed the stock’s recent decline, as he commented:

“How about a stock like Shopify? I picked this one, this internet behind-the-scenes player, because I’ve done the homework, that’s why. More specifically, I was able to get into this market’s kitchen and see how the sausage was made, and I didn’t like it. Shopify’s a big company, and its stock, like so many others, trades with the futures even though it’s Canadian. That’s why the stock started going down hard. It was just right in line with Palantir, as if there was something truly wrong with this company.

The cash flow, the sales, the earnings, the outlook, these are the kinds of things that I’m asking the company’s president, Harley Finkelstein, while he is on Squawk on the Street. I’m interviewing why the stock’s in free fall. I recall, six months ago, the exact same objections, the exact same pack of lies. I said, don’t believe them. It was at 100 bucks, stock’s up 60 since then. It was a bogus rap then and a bogus rap now. Harley’s expecting a very strong holiday season despite what you might’ve read in… any press story. See, it was time to buy Shopify, not sell it.”

Shopify Inc. (NASDAQ:SHOP) provides a commerce platform that helps businesses manage products, orders, payments, and customer relationships.

While we acknowledge the potential of Shopify Inc. (NASDAQ:SHOP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SHOP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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