7 Stocks on Jim Cramer’s Radar

1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 136

Cramer suggested to take advantage of the dip and buy Uber Technologies, Inc. (NYSE:UBER).

“I want you to buy more Uber. I know it’s up two bucks today, but I think it’s really down way too much.”

Uber (NYSE:UBER) develops technology for mobility, delivery, and freight services, linking consumers with transportation options, enabling retailer deliveries, and managing a digital logistics platform for shippers and carriers. About the company, Cramer also commented:

“Despite the selloff we got last quarter, there were some huge positives in this quarter if you listened to the conference call. Although Uber’s stock has started rebounding in the new year… It’s still darned cheap versus its growth rate, and I think you’re getting a great chance to buy it at a discount. That’s right, the stock of Uber is a buy.”

Cramer acknowledged the long-term potential of Waymo and Tesla’s robotaxi plans but emphasized that Uber’s (NYSE:UBER) current prospects are strong, downplaying concerns about the distant future.

While we acknowledge the potential of Uber Technologies, Inc. (NYSE:UBER) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than UBER but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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