Jim Cramer’s Bold Predictions About These 12 AI Stocks

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

Number of Hedge Fund Holders In Q3 2024: 235

Date of Cramer’s Comments: 09-04-24

Performance Since Then: 26.2%

Meta Platforms, Inc. (NASDAQ:META) is the most valuable social media company in the world. After Cramer’s comments in September, Meta Platforms, Inc. (NASDAQ:META)’s shares jumped by 6.8% in late November and start of December after the firm announced a plan to build a massive $10 billion global subsea cable that can provide it with a key position in the global internet infrastructure market. Year-to-date, Meta Platforms, Inc. (NASDAQ:META)’s stock is up by 9.51% as the firm benefits from CEO Mark Zuckberberg’s relationship with the Trump administration and TikTok’s US ban. Here’s what Cramer said in September:

“You’re going to hold Meta because it’s not expensive, believe it or not. It’s probably the least expensive of the mega caps, especially after what happened with Alphabet. Here’s what I would say: if it went down, let’s say 100 points, you should buy another 25 shares. I’m not advocating selling it right here because there’s too much in the pipeline that could be very good. We’re on a down day, and a lot of people freak out on down days. So, stay the course.”

META is a stock Jim Cramer talked about last year. While we acknowledge the potential of META as an investment, our conviction lies in the belief that some 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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