Jim Cramer’s Best Performers List: 12 Stocks Cramer is Talking About

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

Number of Hedge Fund Holders: 219

Cramer mentioned Meta Platforms, Inc. (NASDAQ:META) in his list of stocks with the biggest gains. He emphasized Mark Zuckerberg’s assertion that future ad campaigns will focus on Instagram and Reels and said:

“Honestly, how can you have a bull birthday party without inviting Meta, without inviting Mark Zuckerberg? I would never think of it. His last conference call told you a tale that made it sound like all ad campaigns will soon start on Instagram and reels. Am I going to doubt this fella? No. He has the AI to design the most effective targeted ads and you don’t need to hire an advertising agency. Much better return on investment.”

It is a leading technology company that focuses on creating products designed to facilitate connections and sharing among users through a variety of devices, including mobile phones, personal computers, virtual reality headsets, and wearables.

The financial performance of Meta (NASDAQ:META) has been remarkable over the years, largely driven by the ongoing shift toward digital advertising. As the global digital advertising market is expected to expand from $366 billion in 2022 to over $1 trillion by 2030, the company is well-positioned to capitalize on this growth.

With nearly 3.3 billion daily active users across its platforms, the company generates significant advertising revenue. In its most recent quarterly report, Meta (NASDAQ:META) recorded an impressive $38.3 billion in ad revenue and a 22% increase in overall revenue compared to the previous year. The growth is particularly noteworthy given the scale of the company, which points to a strong demand for its advertising capabilities.

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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