Microvast Holdings, Inc. (NASDAQ:MVST) is one of the Jim Cramer was recently asked about stocks. Noting the stock hit $7 last week, up from 22 cents about a year ago, a caller asked about the stock. Cramer commented:
“It’s still good. It’s still good. It has great free cash flow. It’s not like the others. It actually makes money. It’s not a wild card speculative stock. That’s why I said I liked it a year ago and I still like it now. I like the stock.”
Microvast Holdings, Inc. (NASDAQ:MVST) develops and manufactures lithium-ion battery technologies and components for electric vehicles and energy storage systems. When a caller asked Cramer for advice on the company’s stock during the October 1 episode, he responded:
“All right, that’s a great spec for now. We know there’s a lot of interest in Washington about the battery. We’ve seen it. So it could extend to these guys. I don’t know if that’s the case, but I’d stick with it.”
While we recognize the potential of MVST as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.