Jim Cramer Latest Stocks: 23 Stocks He Just Talked About

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1. Meta Platforms, Inc (NASDAQ:META)

Number of Hedge Fund Holders In Q3 2024: 235

Meta Platforms, Inc (NASDAQ:META) is the world’s largest social media company courtesy of Facebook and its more than 3 billion users. The sizable user base also makes the firm an indispensable partner for advertisers. Meta Platforms, Inc (NASDAQ:META)’s relationship with advertisers has also placed it at the forefront of the AI industry courtesy of its Llama foundational model and vast resources to scoop up NVIDIA’s expensive GPUs. Cramer thinks that Meta Platforms, Inc (NASDAQ:META)’s AI progress will come step-by-step, and he’s more impressed by the firm’s consumer technology products:

“But they’re very powerful and I think that everyone won’t forget Meta which is just upgraded, upgraded, upgraded. Or price target boost. Said that they, that Meta AI would be the most, the most powerful. Right now it isn’t. Meta AI I think it like stops and like June 28th of 2023. But okay, the glasses, the glasses that translate? How about that? I’m giving everybody the other glasses, that’s my present to people that watch. Nobody watches in my family so doesn’t matter.

“The actual RayBans are so cool. You can take pictures and you can talk to it like and have a great time.”

META is a stock Jim Cramer recently mentioned. While we acknowledge the potential of META 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 timeframe. If you are looking for an AI stock that is more promising than META 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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