Jim Cramer’s Latest Thoughts on the Magnificent Seven

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

Number of Hedge Fund Holders: 262

Discussing Meta Platforms, Inc. (NASDAQ:META) during the episode, Cramer said:

“Fourth, I worry about Meta. It’s acting so well, but it’s pure, pure advertising play and advertising is struggling in a slowdown. But what I am most worried about is Meta AI, its generative AI platform. It’s got a lot of users and it scrapes from its own sites among others. Big leg up. We need to see if it can have the scale of Elon Musk Grok or OpenAI’s ChatGPT… Both the ChatGPT and Grok are better I think. Unless, and I use, I try Meta AI all the time, unless Mark Zuckerberg would like to come on Mad Money and show me how to use it better, I don’t see that attraction. It’s a push.”

Meta (NASDAQ:META) creates products that facilitate global communication through platforms such as Facebook, Instagram, Messenger, and WhatsApp, along with augmented and virtual reality hardware, software, and content.