Jim Cramer Discusses These 10 Stocks & Says He’s In Waiting For AI GPU Spending Clarity

3. Meta Platforms, Inc (NASDAQ:META)

Number of Hedge Fund Holders In Q3 2024: 235

Meta Platforms, Inc (NASDAQ:META) is the most valuable social media company in the world courtesy of its Facebook and Instagram platforms. The firm recently reported its fourth-quarter earnings. The results saw Meta Platforms, Inc (NASDAQ:META) post $48.4 billion in revenue and $8.02 in EPS to comfortably beat analyst estimates of $46.9 billion and $6.75. The firm also reiterated that it still aims to spend as much as $65 billion in capital expenditure for AI and other development expenses in 2025. Ahead of Meta Platforms, Inc (NASDAQ:META), Cramer was confident in the firm’s ability to deliver. He doubted those who were worried that the stock had gathered unwarranted momentum ahead of the report:

“[On if Meta was going into the quarter too hot] Uh, too hot? Taekwondo, no. Taekwondo, no.”