Jim Cramer Got These 10 Stocks All Wrong

7. BlackBerry Limited (NYSE:BB)

Number of Hedge Fund Holders: 23

BlackBerry Limited (NYSE:BB), the former smartphone giant now focused on cybersecurity and IoT software, was dismissed by Cramer when a viewer suggested it might be a growth stock. At the time, he gave a sarcastic response that made it clear he had no confidence in the name.

Asked by a caller if he thought BB was a good growth pick, to which Cramer replied with:

“No no no not at all. I was thinking, I happen to have a Blackberry for lunch and that didn’t taste that good either.”

Since then, BlackBerry shares have rallied 34%, proving to be a surprising winner thanks to a resurgence in small-cap tech interest and the company’s successful pivot to AI enhancements of its services.

Although the stock has done well over the past year, Cramer remains unconvinced. Here are his latest thoughts on the stock from the 4^th of March:

“Blackberry’s a dice roll. I mean like, you know, it’s like 4, 3, 2, 1. I don’t know what it’s gonna do. This one is just a total spec. Nothing more than that.”