Jim Cramer Discussed These 6 Stocks Recently

1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 107

Alibaba Group Holding Limited (NYSE:BABA) was mentioned during the episode, and here’s what Mad Money’s host had to say:

“I worry because of things like what happened last night when Joe Tsai, the chairman of Alibaba and an executive I have tremendous respect for, talked about the ‘astounding levels of spending on technology-related goods’. He went on to say, ‘I start to see the beginning of some sort of bubble.’ This man has great vision. I was sick to my stomach when I read these comments. I knew they’d be picked up all over the place because Joe’s a well-known character, recognized for a savvy nature.

I figured he could throw cold water on the entire data center gang and that’s exactly what he did. The stocks were down long before the get-go as this group trades all early morning. You could just feel it, you could hear it. I was thinking… You know, it’s frightening.”

Alibaba (NYSE:BABA) provides a wide range of technology and marketing services, offering digital retail platforms, logistics, on-demand delivery, and cloud computing, while also offering various media, entertainment, and AI solutions to businesses and consumers globally.

While we acknowledge the potential of Alibaba Group Holding Limited (NYSE:BABA) 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 time frame. If you are looking for an AI stock that is more promising than BABA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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