Was Jim Cramer Right About These 23 Stocks?

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1. SoundHound AI, Inc. (NASDAQ:SOUN)

Number of Hedge Fund Holders: 11

A caller was curious about some AI stocks and asked Cramer about his thoughts on SoundHound AI Inc. (NASDAQ:SOUN), to which Cramer seemed bearish on:

“Some people say I’ve killed SoundHound. I said I would not buy it at $9, so I didn’t mean to kill it, but at $6, I won’t buy it either.”

SoundHound AI, Inc. (NASDAQ:SOUN) has actually surged by 62.87% since then, bouncing back from its $6 price, surpassing $10.

On the 5th of February this year, Cramer mentioned the stock again:

“I was talking about this with Jeff Marks today. It’s very funny you mentioned that because Soundhound is a stock that my friend Dan Ives likes and I, I don’t like to go against Dan. I think he’s terrific, but I think the stock is a little elevated.”

While we acknowledge the potential of SOUN 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 time frame. If you are looking for an AI stock that is more promising than SOUN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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