Jim Cramer’s Bold Predictions About These 15 Tech Stocks

Page 6 of 14

9. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders In Q3 2024: 235

Date of Cramer’s Comments: 10-10-24

Cramer was nothing short of praise for Meta Platforms, Inc. (NASDAQ:META)’s founder and CEO Mark Zuckerberg in October. The firm’s hypothesis relies on the advertising market which it dominates courtesy of its 3.2 billion user base. In the AI-era, Meta Platforms, Inc. (NASDAQ:META) has positioned itself as being able to provide advertisers with AI-based campaign options to help cut costs. Here’s what Cramer 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.”

Meta Platforms, Inc. (NASDAQ:META)’s shares are up by 6.26% since Cramer’s remarks. Most of this optimism is due to TikTok’s troubles in the US as the firm continues to fight what appears to be a losing battle against a US ban. Meta Platforms, Inc. (NASDAQ:META) gains more users if TikTok is banned, making the investor optimism surrounding its stock unsurprising.

Page 6 of 14