Jim Cramer Recently Discussed These 7 Stocks

1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 136

Cramer likes Uber Technologies, Inc. (NYSE:UBER) and its CEO as he said:

“I would buy Dara Khosrowshahi and I would buy Uber. Periodically, you get these chances. It’s really incredible when you get ’em.”

Uber (NYSE:UBER) develops technology for mobility, delivery, and freight services, connecting consumers with transportation options, facilitating deliveries from various retailers, and managing a digital logistics platform for shippers and carriers. The stock has seen a significant recovery as the challenges posed by the pandemic began to ease. The company continued to grow, particularly in the food delivery sector.

In 2023, the company achieved profitability, marking a significant shift from its earlier years of heavy investment and expansion. This milestone was partly driven by the company’s decision to exit less profitable international markets and divest from non-core business divisions, focusing more on its primary services.

In a recent interview with the Financial Times, Uber’s (NYSE:UBER) CEO, Dara Khosrowshahi, shared the company’s ambitious vision for the future. He explained that the company aims to become the platform that powers the movement of people and goods across the globe, regardless of the mode of transportation. Khosrowshahi stated that Uber’s goal is to “wire up every single vehicle that moves.”

This includes not only Uber cars but also taxis, buses, two-wheelers, and even tuk-tuks in developing markets such as India. The company is working to integrate a wide variety of transport options, aiming to create a seamless experience for users wherever they are.

While we acknowledge the potential of Uber Technologies, Inc. (NYSE:UBER) 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 UBER but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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