We recently published 11 Stocks Jim Cramer Discussed As He Revealed How To Become ‘King’ Of AI. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer recently discussed.
Meta Platforms, Inc. (NASDAQ:META), like Microsoft, also reported strong earnings in July. The results saw the firm beat analyst revenue forecast estimates and raise the bottom end of its capital expenditure guidance. Here is what Cramer said about Meta Platforms, Inc. (NASDAQ:META) after the earnings:
“Meta makes no sense whatsoever. That’s way too cheap. Way too cheap, six, seven turns in multiple.
“Okay. Let’s say you and I started a, I don’t know, institutional investor at the same time. If I could have, the Meta superintelligence of me, I’d crush you. The race to be able to each have Meta superintelligence, to be more than you are, will be extraordinary. If anyone in your class has superintelligence, you better get some superintelligence.
“Well he [Zuckerberg] did say near the end of his, the question and answer, that that is the best way to be able to get AI. It’s the glasses. Now I’ve used the glasses. They’re very exciting. Like you can look at something and say tell me what it is. You can go birding, you can go trees, you know if you’re like peaceful and serene, which is not me, I didn’t care at all about that. But I did find that what was exciting about this. . .there’s something that he did not emphasize, which I wish that he had, a small business looks like a big business with them. You write him a check and they come back with something that makes it so you have incredible sales. He has become the best friend of the small business person. And he does that in a very quiet way. Again, these people are so not showmen. They’re just not showmen, showmen and women. I loved the quarter.
“[On Moffett revising revenue growth estimates and what could be an appropriate multiple] Well look I mean, you can look at Bank of America says it should be 900. JPMorgan says 850. Morgan Stanley uses a target of 850. These are all substantially away from where it is. And I would think it has to take out those targets. So I’m gonna say, why don’t give it a 30 multiple on 20, I don’t know on 28[sic] [inaudible] dollars.
Photo by Jakob Owens on Unsplash
“By the way, Susan Li, why does no one talk about her? The CFO. Extraordinary. Puts everything in perspective. Again, in a calm way. That makes you feel like, ehh, it’s a ho-hum quarter. These people are, again, the humility of these companies is very impressive.
“You know I’m on all these sites. Meta AI, I’ve stopped including that into my pastiche, not mosaic of guys I use.”
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Disclosure: None. This article is originally published at Insider Monkey.
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