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Netflix, Inc. (NFLX): “I Felt Bad” About The Earnings Call, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Talked About. Netflix, Inc. (NASDAQ:NFLX) is one of the stocks Jim Cramer recently discussed.

Netflix, Inc. (NASDAQ:NFLX) is one of the most frequently discussed stocks on Cramer’s show. While Cramer is one of the firm’s biggest fans, the stock fell by 4% after its latest earnings, as executives attributed the annual revenue guidance raise to a weaker dollar instead of user growth. Cramer discussed Netflix, Inc. (NASDAQ:NFLX)’s upgrades after the earnings as well as the results themselves:

“Now you could have estimates go up and up that you end up with. . .Netflix. And those. . .where you just say you know what, they moved up, moved up, moved up. But we have a lot of catch-up upgrades today. Catch-up price target bumps.

“The Netflix call by the way was very, very fractious. And I felt bad because it was like, you have them read these questions and then they like disagree with the guy. No I mean, defend yourself, defend your life. But, the fact is, people felt that Netflix was, organically didn’t have the number. And I point out, was there a day they didn’t raise Netflix? You can’t have a situation where people know it’s going to be good.”

Cramer was quite excited about Netflix, Inc. (NASDAQ:NFLX) ahead of its earnings. Here’s what he said:

“After the close, we’re treated to the most delightful of conference calls, Netflix. First thing, I have a dearth of things to watch right now. It’s really starting to bug me. So I’m going to be listening to the conference call in part because they talk about all the great overseas programming. I get some terrific ideas of what to watch when I get home that night. The bar is very high for Netflix, though, which will have to tell us how their ad tier is going, how Squid Game did, and how NFL Christmas streaming football advertising’s looking.”

While we acknowledge the risk and potential of NFLX 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 NFLX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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