Jim Cramer Shed Light on These 10 Stocks

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

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) creates products that facilitate worldwide connectivity, offering platforms such as Facebook, Instagram, Messenger, and WhatsApp, along with augmented and virtual reality technologies, software, and content. When a caller mentioned Meta Platforms, Inc. (NASDAQ:META), Cramer said, “I like Meta ahead of the quarter.”

Recently, when Cramer was advising parents on which stocks to pick for their kids, he said:

“At the same time, you also want to give your kids something with a little more juice like the great growth stocks of an era. I mean, I’m talking about the, the Apples, the, the NVIDIAs, the Teslas, the Metas…My kids were on Facebook earlier. My youngest got sick of Facebook early on probably because I got on it. But then she went on to Instagram, which Facebook cleverly acquired and then kept as something separate. So you really didn’t know it was part of something that older people had discovered.

I didn’t think the ads worked until we were inundated with Red Hot Chili Pepper merchandise bought on a click for something that, as my daughter said, wasn’t an ad, just a link… But it seems that only Mark Zuckerberg has the forethought to care about the user experience to such an extent that it works. Because the ads actually make sense, you do wanna click on them.”

While we acknowledge the potential of Meta Platforms, Inc. (NASDAQ: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.

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Disclosure: None. This article was originally published at Insider Monkey.