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Meta Platforms, Inc. (NASDAQ:META) is one of the stocks that Jim Cramer spoke about. Cramer considers the company’s earnings “spectacular,” and he commented:
“What should it have been about? Well, how about Microsoft? How about Meta? Nope. They were overshadowed by the Fig-Man Carnival. It was all anyone talked about down here. Call me old-fashioned, but I really wanted the market today to be defined by those earnings reports from two tech titans. I’m talking about Microsoft, briefly a $4 trillion company today, before closing just below that level, and Meta at just under $2 trillion. I wanted these to be foundational…
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Meta Platforms, Inc. (NASDAQ:META) develops products across social media, messaging, and immersive technologies. The company’s offerings include Facebook, Instagram, WhatsApp, Messenger, and Threads, and it also builds virtual and augmented reality tools through its Reality Labs division. During the July 15 episode, when a caller inquired about the stock, Cramer replied:
“Yeah, absolutely. I love the fact that it came in. I want stocks to go down a little so we can prevent the kind of situation that we got with BlackRock and present the kind of situation we got with Wells Fargo. Meta’s coming in a little. That is great. The stock is very inexpensive when you back out the cash. Very inexpensive, by the way, if… [it] ever decide to try, I don’t know, billing for WhatsApp. It is a fantastic company, and I’m glad you brought it up to me.”
While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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