Jim Cramer’s Bold Predictions About These 15 AI Stocks

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

Number of Hedge Fund Holders In Q3 2024: 235

Date of Cramer’s Comments: September 4th, 2024

Performance Since Then: 44%

Meta Platforms, Inc. (NASDAQ:META) is a social media giant whose stock has been on a tear in today’s AI age. Since the firm is an AI beneficiary and not an enabler, investors haven’t been fearful of investing in its stock following the DeepSeek selloff. Meta Platforms, Inc. (NASDAQ:META)’s shares have gained 44% since Cramer’s remarks and have gained 22.9% year-to-date. Most of the stock’s gains have been because of cost-cutting initiatives at the firm which have meant that the shares marked 20 consecutive days of gains in February. 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.”