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Oscar Health, Inc. (OSCR): “They Told Us That Was Going To Happen,” Says JIm Cramer

We recently published 11 Stocks That Jim Cramer Recently Talked About. Oscar Health, Inc. (NYSE:OSCR) is one of the stocks Jim Cramer recently discussed.

Oscar Health, Inc. (NYSE:OSCR) is a healthcare coverage plan and reinsurance provider. The shares have gained 6.7% year-to-date, primarily on the back of a 52% jump in June after investor optimism about the Trump administration’s push towards Medicare efficiency. Oscar Health, Inc. (NYSE:OSCR)’s stock was dealt a blow in late July after the firm’s latest earnings report saw it cut its full-year operating earnings from an earlier midpoint of $250 million to a loss of $250 million. Naturally, investors weren’t impressed. Here’s what Cramer said about Oscar Health, Inc. (NYSE:OSCR):

“They told us that was going to happen. All the analysts were right on, on that. So I mean I don’t know how much the stock should go down from here.

“Okay so here’s a good example of finally, if you keep, if the analysts keep telling you that there’s a problem, and you get the problem. The stock doesn’t go down.”

Photo by martha-dominguez-de-gouveia on Unsplash

The CNBC TV host discussed Oscar Health, Inc. (NYSE:OSCR) ahead of its earnings. Perhaps his remarks were prescient:

“David I’m hearing this Oscar Health could be in a little bit of a jam. That’s Mark Bertolini. Now I think Bertolini is terrific. . .Yeah but there’s a price target, price target ten dollars, when the stock hit 15, by Wells. I thought they had a price target at 16, they cut it to 10. ‘Pricing not adequate to cover costs.’ . .just be aware that that sector is still untouchable.”

While we acknowledge the risk and potential of OSCR 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 OSCR 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.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

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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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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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.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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