Jim Cramer Discusses These 13 Stocks & Rejects The AI PC Super Cycle

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2. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders In Q3 2024: 235

Meta Platforms, Inc. (NASDAQ:META) is a social media giant that is also playing a key role in the AI industry. Unlike other mega AI players like Google and Amazon, its Facebook and Instagram social media platforms allow the firm to target users and advertisers with AI-based products and services. Cramer’s remarks for Meta Platforms, Inc. (NASDAQ:META) so far this year have revolved around its CEO Mark Zuckerberg’s appearance on Joe Rogan’s podcast and Zuckerberg’s relationship with Donald Trump. This time around, he focused on Meta Platforms, Inc. (NASDAQ:META)’s cost-cutting initiatives and its potential to benefit from America’s TikTok ban:

“Got a fabulous piece this morning from BofA about Meta Platforms. 2025 [inaudible] outlook. I’ve got to tell you. You wanna own this stock, new AI capabilities, capex, return on investment really terrific. And first time I’m finally seeing it, look, potential for spend shift from TikTok disruption. I think they are gonna be the big winner if it’s shut down. Or if the President owns it with another entity. They are using AI to be able to develop fabulous ad packages. And I think that if you want to build your business right now, Instagram, never been better. Individuals who want to live their dream, go to Instagram. Start it. Start your business, you’ll do well.”

“[on incentivizing creators to migrate due to TikTok ban] Well I think that’s good plus it’s another year of efficiency. I think Meta’s going to blow it away, because they are the most sophisticated when it comes to how they do an ad. And that’s what you really want. And you can, you can cutout the middleman here. Zuckerberg, they designed the ad campaign. They’re keeping the people who are the biggest developers and the best and they’re the ones. Now I don’t have the Oakleys, I have the Ray-Bans, they’re fabulous. And I know that’s just an asterisk but wow. So maybe he’s allowed to go on Rogan and talk about Taekwondo or whatever I mean.  When you go over those numbers you can hunt all you want on my property. I’ll let you kill anything.”

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