Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders In Q3 2024: 279

Microsoft Corporation (NASDAQ:MSFT) is one of the biggest technology companies in the world. While it was one of the first firms to benefit from investors’ interest in AI stocks, the momentum has cooled off since July 2024. Investors are in a wait-and-watch mode for Microsoft Corporation (NASDAQ:MSFT)’s stock as they evaluate whether the billions of dollars it has spent on OpenAI will lead to profitability for its Azure Cloud computing division. Cramer’s comments for the firm surrounded a recent AI blog post by Microsoft Corporation (NASDAQ:MSFT)’s vice chair and president Brad Smith:

“Brad Smith’s, his blog entry, it’s really much more than that. He’s talking about an AI manifesto. And the reason why I say it’s important is cause a lot of people say listen he’s talking about $80 billion in spend, so what. No he’s not. He’s talking about the new industrial revolution. Which is what you should be hearing tonight from Jensen. The new industrial revolution is such that you can’t afford to not spend. Not because you’re worried about what other people are doing, but because it’s so bountiful.”

MSFT is a stock Jim Cramer recently talked about. While we acknowledge the potential of MSFT 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 timeframe. If you are looking for an AI stock that is more promising than MSFT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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