What You Missed on Mad Money: 17 Stocks Reviewed by Jim Cramer

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6. Meta Platforms, Inc. (NASDAQ:META)

Meta Platforms, Inc. (NASDAQ:META) was among the stocks Jim Cramer discussed on Mad Money as he addressed investors’ recent overblown worries and growth stocks stuck in bear-market territory. Cramer highlighted the company’s new AI model, as he said:

Meta, it just announced a new AI model, Muse Spark. Critics liked it. Meta had spent a fortune on talent. It didn’t seem to be paying off. Then today, the stock surged 4.4% on top of some big move yesterday. Was the crisis averted? No. You see, there was no crisis. Just didn’t happen.

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and virtual and augmented reality products. Cramer discussed the company’s recent legal battles during the March 31 episode, as he commented:

Of course, these weren’t the only two winners. Meta Platforms has been pancaked here to the point where it sells for 19 times earnings. I understand that the company has to spend a lot of money buying chips from NVIDIA. That’s put a lid on the stock. But Meta really got crushed by a one-two punch in New Mexico and Los Angeles courtroom over the way the company failed to protect the younger users, among many other charges.

They lost both cases, and the stock shed billions and billions and billions of dollars over a two-day period. Cooler heads are now looking at these cases and recognizing that there’s plenty of appeals ahead before Meta has to pay anything at all. And if they win on the appeal, they’re not going to pay a dime. I think that the awards will be trimmed. I also think that the First Amendment’s going to be a very good protector of what Meta has to do.

While we acknowledge the potential of META to grow, 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 META and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see What You Missed on Mad Money: 5 Stocks Reviewed by Jim Cramer.

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