Was Jim Cramer Right About Ouster, Inc. (OUST)?

We recently published a list of 12 Stocks Jim Cramer Was Right About. In this article, we are going to take a look at where Ouster, Inc. (NYSE:OUST) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 16, a caller on the Mad Money show asked about Ouster, Inc. (NYSE:OUST), a lidar and autonomous tech company. Cramer dismissed it due to its lack of profitability and broader caution on unprofitable EV plays at the time:

“Oh man, that’s a lidar play. I’ll tell you — I’ve not been recommending any of those EV plays that are losing money. They do a lot of autonomous vehicles, but I can’t go there because I’m not recommending stocks where they just have not been able to even get near a profit.”

A group of robotic vehicles navigating a terrain autonomously utilizing the company’s 3D vision technology.

Ouster justified Cramer’s skepticism, losing 4.97% and staying well out of profitable territory.

Ouster, Inc. (NYSE:OUST) remains weighed down by losses and low visibility, making it one of the more volatile EV tech bets.

Overall, OUST ranks 5th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of OUST as an investment, our conviction lies in the belief that some 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 OUST 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.

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