We recently published 9 Stocks Jim Cramer Talked About. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer talked about.
Shares of social media giant Meta Platforms, Inc. (NASDAQ:META) have been stable over the past year. Most of the stock’s troubles have occurred since October, following the company’s fiscal third-quarter earnings report. While Meta Platforms, Inc. (NASDAQ:META) beat analysts’ revenue and EPS estimates, it also decided to raise 2025 capital spending guidance to between $70 billion and $72 billion from $66 billion to $72 billion previously. Cramer defended the company after the earnings, opining that the spending is necessary to protect its social media moat from OpenAI. In January, Bank of America reiterated a Buy rating and $810 stock price target for Meta Platforms, Inc. (NASDAQ:META). BofA’s action came after the technology company announced it had signed deals with nuclear energy companies Oklo, Vistra and TerraPower. Cramer analyzed the stock price performance of Meta Platforms, Inc. (NASDAQ:META) and insisted that the stock should rise:
“Their stocks are down a lot, because they are really a lone wolf when it comes to spending.
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While we recognize META’s potential as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.