We recently published 11 Latest AI & Other Stocks On Jim Cramer’s Radar. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently discussed.
Meta Platforms, Inc. (NASDAQ:META) is the largest social media company in the world. Its shares have gained 28% year-to-date on the back of strong advertisement performance and aggressive AI capital expenditure. Cramer is a fan of the firm’s smart glasses, and he also believes that Meta Platforms, Inc. (NASDAQ:META) needs to reshape its communications about AI capital expenditure. He heaped praise on the glasses in his latest comments about the firm:
“But I love our tech so much. I just think our tech is really, I mean our tech is equivalent of you know like Zuckerberg. Meta. I mean he’s unbelievable. . .I love the sunglasses, I’m bringing them on my trip. . . they, well you can look at a plant and say what is that? What am I looking at? And it works. . . it tells you exactly what it is.”
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In a recent appearance, Cramer discussed Meta Platforms, Inc. (NASDAQ:META) in detail. Here is what he said:
“Next best, Meta Platforms. I’m agog at the numbers that Mark Zuckerberg’s putting up. The most important one, not even talked about on Wall Street enough, 3.5 billion people use at least one Meta product each day. Come on, that’s almost half the planet. That’s insane. The company’s printing money, which is why it can go into the equivalent of free agency and hire incredible talent. It doesn’t even matter. You can’t even see it in the margins.
You know that if you advertise with Meta, the ads have more reach than anyone. They’ll even design the ad for you, and it will most likely outperform any agency-built ad, although they don’t knock the agencies in the conference call. Meta even has businesses it hasn’t even begun to monetize, because I think it’s so busy monetizing others. Who even knows… how much WhatsApp is worth. Mark talks about the Ray-Ban glasses as the best format for pretty much everything, Facebook, Instagram, WhatsApp, and everything else that they have, including AI.
… I gave everybody a pair… I think that these things are so darn cool, and they, you know what? I never thought they could move the needle, but after this conference call, now, I’m not so sure. They could be real profits here for this company. Like Microsoft, Meta is buying a huge number of NVIDIA chips for its AI offering, Meta AI. I don’t use it much, but you know what, after the conference call, I’ll probably add it to the roster.”
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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Disclosure: None. This article is originally published at Insider Monkey.
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